Yup, it seems like a founding setting as July usually is in the setting of Davos in the desert and the setting is ‘embossed’ as we are given by Arab News as ‘Riyadh emerging as global super hub amid economic boom: Knight Frank’ (at https://www.arabnews.com/node/2608260/business-economy) this is a super setting for several players but not in a good way.
We are given “Saudi Arabia’s capital is rapidly transforming into a leading global wealth hub, fueled by the Kingdom’s successful economic diversification under Vision 2030, a recent Knight Frank report said. The Riyadh edition of the “Emerging Wealth Hub” series noted that the Saudi capital is transitioning from an oil-dependent economy to a powerhouse for finance, culture, and lifestyle, attracting multinational corporations, investors, and expatriates.” You see, the setting is a little more complicated than that. This is shown through the paragraph that follows “A key driver has been the Regional Headquarters Program, which has already exceeded its 2030 target, with 600 global firms, including Bechtel, PwC, and Northern Trust, setting up regional bases in Riyadh.
This influx has pushed Grade-A office vacancy rates down to just 2 percent, while prime office rents have skyrocketed by 23 percent in the past year and 84 percent since 2020.”
When we see the dots, there is a danger that we link the dots in the wrong direction, so we can see that there are 4 dots with at least 2 options, and the more dots we have, the clearer the image becomes. But at present we see that Saudi Arabia and the UAE are rising stars in money matters and rising economy stars, also rising stars in tourism, employments and technology. In the other corner there are the parties of America, the EU and the Commonwealth to a lesser degree. The massive inclination is that America cannot remain the nice party towards both Saudi Arabia and the UAE, then there is the UAE connection to BRICS and as they both are rocking the tourism industry, a setting where they are making the dozens of billions that America is losing. A second setting is that they have the cash to make the technology work, all whilst America is allegedly having power issues, issues that this technology cannot survive, as such the upside is clear for the Arabic worlds a little less for the other players. Some players are vying for the same defence contracts as America, as such we are all facing some version of what some might see as a civil war in the ranks. And as I personally see it, America will be pulling more and more drastic settings and it is one of the reasons that the Trump administration ‘requires’ Powell needs to be shown the door. It is a mere speculation on my side, but there is a chance that America becomes more and more desperate as the tariff setting was backfiring and it seems to be the leading cause for American tourism going back towards the stone age. The thing that also rings in my head is the setting that the millionaires and billionaires that are now investing and seeing the lucrative stages that Saudi Arabia and the UAE are ‘promising’ are all founding mergers that are now not investing and seeking these options in America. As such these players and the tourism setting where people can only spend their money once, they are now vacating to other shores. These are not connected issues, but they do become accumulative issues towards the American shores. As I see it, the America first movements is slowly but surely becoming the undoing of America.
This reminds me of a Latin expression “Post hoc ergo propter hoc” meaning “after this, therefore because of this” it is an expression that dates back to ancient Greece where it was ‘accepted’ as a truth, but correlation does not equal causation. Apparently the Romans figured this out and as such I gave the example with four points. But the setting where the non-connected events can show that it does have a negative side towards other shores and as such we see the setting towards America. One can believe or debunk the setting that in economy, the entrepreneurial mind can only spend money once, and in a separate turn ‘we the people’ can for the most merely afford one holiday a year and that was in previous years a 20 billion dollars solely from Canadians towards America. But that milk was soured by an administration with State 51 on their mind, a setting that Canadians no longer accept, it made them reject America as a destination. Moreover, other events were also detested by others (Europeans) and as such they are also going to other places, not all, but enough to America seeing this as a massive problem. Only 10 hours ago we were given that Canadian tourism to America is now down 33% in June. In an age where tourism is banking on a near 90% full setting, Canada alone is giving America a tourism body blow and that is before the European sources are considered. So in an age where the financial situation is dire to say the least, the loss of billion will be a hardship station for the near entire industry. So, whilst some are looking towards Davos in the desert, that setting might show the new stations we see as the Future Investment Initiative (FII), which will be held in Riyadh, Saudi Arabia, from October 29-31, 2025. Some will see a setting that shows for the first time just how desperate the sewing for America and Europe might be. I believe it the news will be bad (for the west), you see, over the last 5 years I have been trying to keep eyes on the Saudi Broadcast Authority (SBA) as I expected them to reach out towards Egypt and Europe, but the news has gone silent the last year. It is my believe that the world will hear news in these directions in October. It is highly speculative (on my side), but I believe that is what will happen this year. I personally believe that this is the ‘surprise’ Saudi Arabia and Huawei is getting ready for, but I have absolutely no evidence on this. So call it what you will but these elements together will show a new dot setting and we will hear it in Q4 this year.
No matter what we will hear, it doesn’t frame well for the America First pamphlets and photo frames. But I will be the first adjusting my ‘wrongly’ seen connected dots. Because I honestly don’t know. It is more of a gut feeling towards the image that others seem to be showing us.
Have a great day.
Lawrence van Rijn - Law Lord to be 