This fits a number of categories, but this is good enough.
Many of you have read about dispute between Canada and Saudi Arabia with the Saudis expelling the Ambassador, removing 12,000 students and ending imports – all because Canada has protested the detention and torture of two dissidents.
Something else has become clear The CBC has reported this: “The Financial Times reported Wednesday that the regime has ordered its central bank and massive sovereign wealth fund to sell off any Canadian assets, which the newspaper estimated to be a “fairly small” fraction of its total $100 billion in foreign holdings.”
100 billion dollars. Really. Tells you exactly how corrupt the “Kingdom” is.
Norway, a smaller producer and late into the oil business has a trillion (TRILLION) dollar sovereign wealth fund.
I often pose the following questions. Name the countries that are kingdoms, became independent in the 20th century, have a official state religion and are major oil producers. Yup Norway, Canada, and Saudi Arabia.
Saudi Arabia isn’t a country but a concatenation of clans held together by corruption and the lash.