The Kingdom of Saudi Arabia suffers from a severe economic crisis due to the absurdity and greed of the Saudi regime. Saudi Arabia is rich with resources that make its people one of the richest peoples on earth, however, the rampant corruption leads to these severe dire living conditions in the country.
The stories of corruption of the princes of the House of Saud explains the reasons for the increasing poverty rate in Saudi Arabia, which has reached 25%; meaning that a quarter of its people suffer from living crises, while the princes enjoy spending the people’s money in the resorts of Europe and the world.
This is of course added to the paid protection that the regime pays to America, Russia, and others to remain in power.
The scandals of the Saudi regime were revealed by Trump who said “I told the king to pay for protection. if I left you, you would not remain on your throne for two weeks”.
The first payment was nearly half a trillion dollars, from the money of the people, in addition to the arms deals signed with America for a long time, to ensure the flow of billions into the American treasury.
Those bribes, which are paid from the people’s money, have resulted in huge successive economic crises, felt only by the poor citizen, from whom the regime also cut off the high cost of living allowance and increased taxes as well.
These actions increased the unemployment rate, economic recession, and investors leaving the Saudi markets due to the regime’s arbitrary policies, which lack experience, thanks to the underdeveloped vision of the Crown Prince.
Protection levies paid by the Kingdom of Saudi Arabia:
*The commission for each deal is 30% of its value.
$460 billion US arms deal (the largest in history)
$169.5 billion investments in US bonds
$500 million for the deployment of US defense forces following the attacks on Aramco.
11 billion and 400 million dollars arms deal from Western European countries
1.6 billion dollars from Eastern Europe
1.3 billion dollars from China.
