"Forget Terrorism": The Real Reason Behind The Qatar Crisis Is Natural Gas

Tyler Durden's picture

According to the official narrative, the reason for the latest Gulf crisis in which a coalition of Saudi-led states cut off diplomatic and economic ties with Qatar, is because - to everyone's "stunned amazement" - Qatar was funding terrorists, and after Trump's recent visit to Saudi Arabia in which he urged a crackdown on financial support of terrorism, and also following the FT's report that Qatar has directly provided $1 billion in funding to Iran and al-Qaeda spinoffs, Saudi Arabia finally had had enough of its "rogue" neighbor, which in recent years had made ideologically unacceptable overtures toward both Shia Iran and Russia.

However, as often happens, the official narrative is traditionally a convenient smokescreen from the real underlying tensions.

The real reason behind the diplomatic fallout may be far simpler, and once again has to do with a long-running and controversial topic, namely Qatar's regional natural gas dominance.

Recall that many have speculated (with evidence going back as far back as 2012) that one of the reasons for the long-running Syria proxy war was nothing more complex than competing gas pipelines, with Qatar eager to pass its own pipeline, connecting Europe to its vast natural gas deposits, however as that would put Gazprom's monopoly of European LNG supply in jeopardy, Russia had been firmly, and violently, against this strategy from the beginning and explains Putin's firm support of the Assad regime and the Kremlin's desire to prevent the replacement of the Syrian government with a puppet regime.

Note the purple line which traces the proposed Qatar-Turkey natural gas pipeline and note that all of the countries highlighted in red are part of a new coalition hastily put together after Turkey finally (in exchange for NATO’s acquiescence on Erdogan’s politically-motivated war with the PKK) agreed to allow the US to fly combat missions against ISIS targets from Incirlik. Now note which country along the purple line is not highlighted in red. That’s because Bashar al-Assad didn’t support the pipeline and now we’re seeing what happens when you’re a Mid-East strongman and you decide not to support something the US and Saudi Arabia want to get done.

Now, in a separate analysis, Bloomberg also debunks the "official narrative" behind the Gulf crisis and suggests that Saudi Arabia’s isolation of Qatar, "and the dispute’s long past and likely lingering future are best explained by natural gas."

The reasons for nat gas as the source of discord are numerous and start in 1995 "when the tiny desert peninsula was about to make its first shipment of liquid natural gas from the world’s largest reservoir. The offshore North Field, which provides virtually all of Qatar’s gas, is shared with Iran, Saudi Arabia’s hated rival."

The result to Qatar's finances was similar to the windfall that Saudi Arabia reaped from its vast crude oil wealth.

The wealth that followed turned Qatar into not just the world’s richest nation, with an annual per-capita income of $130,000, but also the world’s largest LNG exporter. The focus on gas set it apart from its oil producing neighbors in the Gulf Cooperation Council and allowed it to break from domination by Saudi Arabia, which in Monday’s statement of complaint described Qataris as an “extension of their brethren in the Kingdom” as it cut off diplomatic relations and closed the border.

In short, over the past two decades, Qatar become the single biggest natural gas powerhouse in the region, with only Russia's Gazprom able to challenge Qatar's influence in LNG exports.

To be sure, Qatar has shown a remarkable ability to shift its ideological allegiance, with the FT reporting as recently as 2013, that initially Qatar was a staunch supporter, backer and financier of the Syrian rebels, tasked to topple the Assad regime, a process which could culminate with the creation of the much maligned trans-Syrian pipeline.

The tiny gas-rich state of Qatar has spent as much as $3bn over the past two years supporting the rebellion in Syria, far exceeding any other government, but is now being nudged aside by Saudi Arabia as the prime source of arms to rebels.


The cost of Qatar’s intervention, its latest push to back an Arab revolt, amounts to a fraction of its international investment portfolio. But its financial support for the revolution that has turned into a vicious civil war dramatically overshadows western backing for the opposition.

As the years passed, Qatar grew to comprehend that Russia would not allow its pipeline to traverse Syria, and as a result it strategically pivoted in a pro-Russia direction, and as we showed yesterday, Qatar’s sovereign wealth fund agreed last year to invest $2.7 billion in Russia’s state-run Rosneft Oil, even as Qatar is host of the largest US military base in the region, US Central Command. This particular pivot may have also added to fears that Qatar was becoming a far more active supporter of a Russia-Iran-Syria axis in the region, its recent financial and ideological support of Iran notwithstanding.

As a result of the tiny nation's growing financial and political "independence", its neighbors grew increasingly frustrated and concerned: “Qatar used to be a kind of Saudi vassal state, but it used the autonomy that its gas wealth created to carve out an independent role for itself,” said Jim Krane, energy research fellow at Rice University’s Baker Institute, quoted by Bloomberg.

Furthermore, Qatar’s natural gas output has been "free from entanglement" - and political pressure - in the OPEC, the oil cartel that Saudi Arabia dominates.

“The rest of the region has been looking for an opportunity to clip Qatar’s wings.”

And, as Bloomberg adds, "that opportunity came with U.S. President Donald Trump’s recent visit to Saudi Arabia, when he called on “all nations of conscience” to isolate Iran. When Qatar disagreed publicly, in a statement the government later said was a product of hacking, the Saudi-led retribution followed."

To be sure, in a series of tweets, Trump himself doubled down on the "official narraitve", taking credit for Qatar's isolation (perhaps forgetting that a US base is housed in the small nation).

The cynics may be forgiven to assume that if Trump is tweeting that the reason for Qatar's isolation is "to end the horror of terrorism", even as the US just signed a $100+ billion arms deal with the single biggest supporter of terrorism in the world, Saudi Arabia, then indeed the Trump-endorsed "narrative" is to be dismissed outright.

Which again brings us back to nat gas, where Qatar rapidly emerged as the dominant, and lowest cost producer at a time when its neighbors started demanding the commodity on their own, giving the tiny state all the leverage. As Bloomberg adds "demand for natural gas to produce electricity and power industry has been growing in the Gulf states. They’re having to resort to higher-cost LNG imports and exploring difficult domestic gas formations that are expensive to get out of the ground, according to the research. Qatar’s gas has the lowest extraction costs in the world."

Of course, with financial wealth came the need to spread political infludence: "

Qatar gas wealth enabled it to develop foreign policies that came to irritate its neighbors. It backed the Muslim Brotherhood in Egypt, Hamas in the Gaza Strip and armed factions opposed by the UAE or Saudi Arabia in Libya and Syria. Gas also paid for a global television network, Al Jazeera, which at various times has embarrassed or angered most Middle Eastern governments.

And, above all, "gas prompted Qatar to promote a regional policy of engagement with Shiite Iran to secure the source of its wealth."

And here the source of tension emerged: because as Steven Wright, Ph.D. Associate Professor at Qatar University told Bloomberg, “you can question why Qatar has been unwilling to supply its neighboring countries, making them gas poor,” said Wright, the academic, speaking by telephone from the Qatari capital Doha. “There probably was an expectation that Qatar would sell gas to them at a discount price.”

It did not, and instead it took a step backward in 2005, when Qatar declared a moratorium on the further development of the North Field that could have provided more gas for local export, adding to the frustrations of its neighbors.

Qatar said it needed to test how the field was responding to its exploitation, denying that it was bending to sensitivities in Iran, which had been much slower to draw gas from its side of the shared field. That two-year moratorium was lifted in April, a decade late, after Iran for the first time caught up with Qatar’s extraction rates.

As Qatar refused to yield, the resentment grew.

“People here are scratching their heads as to exactly what the Saudis expect Qatar to do,” said Gerd Nonneman, professor of international relations and Gulf studies at Georgetown University’s Doha campus. “They seem to want Qatar to cave in completely, but it won’t call the Muslim Brotherhood a terrorist organization, because it isn’t. And it isn’t going to excommunicate Iran, because that would jeopardize a relationship that is just too fundamental to Qatar’s economic development.

* * *

Whether nat gas is the source of the Qatari isolation will depend on the next steps by both Saudi Arabia and Iran. Saudi Arabia, along with the United Arab Emirates and Egypt - are all highly reliant on Qatari gas via pipeline and LNG.

According to Reuters, traders startled by the development, have begun to plan for all eventualities, especially any upsets to piped gas supplies from Qatar to the UAE. The UAE consumes 1.8 billion cubic feet/day of Qatari gas via the Dolphin pipeline, and has LNG purchase agreements with its neighbor, leaving it doubly exposed to tit-for-tat measures, industry sources and traders said.

So far flows through Dolphin are unaffected but traders say even a partial shutdown would ripple through global gas markets by forcing the UAE to seek replacement LNG supply just as its domestic demand peaks.

With LNG markets in bearish mood and demand weak, the UAE could cope with Qatar suspending its two to three monthly LNG deliveries by calling on international markets, but Dolphin piped flows are too large to fully replace.


"A drop off in Dolphin deliveries would have a huge impact on LNG markets," one trader monitoring developments said.

And since it all boils down to who has the most leverage as this latest regional "balance of power" crisis unfolds, Qatar could simply take the Mutual Assured Destruction route, and halt all pipeline shipments to its neighbors crippling both theirs, and its own, economy in the process, to find just where the point of "max pain" is located.

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Cripkuwy's picture

ZH admins: Second hyperlink [have speculated] in this article is invalid http://www.zerohedge.com/news/2017-06-06/Competing%20Gas%20Pipelines%20A...

williambanzai7's picture

One big pipe dream

And the US can't have a base in SA but it does in Qatar.

If I were a corrupt Qatari Royal I would be losing some sleep.

And the deal with the Saudis has always been as long as we arm them so they can subjugate their own people, they will do as they are told.

BitchesBetterRecognize's picture

it is ALWAYS about Oil & Gas.  why can't be different from Syria?   

shortonoil's picture

"Nothing but fear porn everywhere you go on the net."

And, its all about oil

smacker's picture

Looks to me since yesterday that Qatar is lining up to be invaded by its neighbours so they can seize control of its nat gas.

And with Trump's Tweet today welcoming Qatar's isolation, it seems unlikely the US would step in to help Qatar. Probably the reverse given Trumo's vassal relationship with the sub-human Saudi "Royal" Family.

Methinks it's time for Qatar to build a wall to keep the barbarians out!

fockewulf190's picture

Qatar, like it or not, is a sitting duck.

BustainMovealota's picture

Nope,, main reason they wanted the US military base loctaed in the country.  Protection,  and they pay us big for it.  Jew war industry will keep on rollin.

just the tip's picture

if al-udeid gets the stand down order from tel aviv, that whole base, camp andy, everything, will go dark.

Lucky Leprachaun's picture

I never bought this Syria gasline theory. Why don't they route it through Iraq and Turkey, bypassing Syria rather than starting a war that threatens to engulf the whole region?

just the tip's picture

because iraq is shia majority and in the sphere of influence of iran.  also if they did what i think you mean, it would mean passing the pipeline through kurdish territory.  and no one, shia, sunni, jew, murica of any political, cultural, or religious persuasion will allow that to happen.

what qatar is doing is making the trade off between religion and business.  and in this region that is dangerous.  they are, in a cliche, located between a rock and a hard place.  iran to the east, KSA to the west, and jokers all around.

if they wanted to get this natural gas out of the region, and placate their neighbors, they would send the gas across KSA to jeddah, under the red sea, through egypt, which has it's own LNG plants, i know i built one, and under the mediterranean to greece.  that would really piss the rooskies off.  however, that would make qatar dependent on KSA and egypt for transit fees.

my opinion.  build the biggest and best LNG plants, both transmission and receiving, and fleet, buy a navy, and send their gas everywhere.

Lucky Leprachaun's picture

Thanks. That's a reasonable response.

WillyGroper's picture

my crystal ball tells me the arms deal was to completely balkanize the ME to give total control of energy to the haunted house of saud.

Gravatomic's picture

In the summer of 2011, during the beginning weeks war, erm regime change, breaking out in Syria, the Tehran Times released a report entitled, Iran, Iraq, Syria Sign Major Gas Pipeline Deal. The report provided details on Iranian plans to export its vast natural gas reserves to Europe through a pipeline that traverses both Iraq and Syria. This new Iran-Iraq-Syria pipeline would reportedly be the largest gas pipeline in the Middle East and would span from Iran’s gas-rich South Pars field to the Mediterranean coastline in Lebanon, via Iraq and Syria.
Syria is already part of a Western-ordained gas pipeline that spans from Egypt to Homs. This pipeline, known as the Arab Gas Pipeline, was originally planned to continue traveling north of Homs up into Turkey. From there, it can be piped into Europe. The major players of this Western approved pipeline include Saudi Arabia and Qatar, among other Gulf nations.
Most Arabs view the Islamic Pipeline as a Shi’ite pipeline serving Shi’ite interests. After all, it originates in Shi’ite Iran, passes through Shi’ite Iraq, and flows into Shi’ite controlled Syria. Therefore, the US, Turkey and Sunni-dominated Gulf nations have both an economic and religious reasons for preventing the Islamic Pipeline from becoming a reality. So far, the Gulf nations and the US (CIA) have violently opposed Syria’s adoption of the Islamic Pipeline by arming opposition fighters within Syria in order to destabilize the nation.

Gravatomic's picture

So, having written this nearly 4 years ago, I am over-fucking-whelmed by these recent developments and revelations.

Soph's picture

Unfortunate that Trump, following his arms deal to the Saudi's, shows himself to again be their bitch with his Qatar tweets. Some things never change, the Saudi's continue to dictate US policy in the region.

besnook's picture

you mean it's really all about resources and money? but terrorists, what about terrorists and evil muslims? that's bullshit? omg! i am so naive.

how_this_stuff_works's picture

Maybe USA could dispatch Obama as an ambassador touting the benefits of renewable energy to those nat gas poor ME countries.

williambanzai7's picture

Maybe they Hey should cap the wells with an Obutthead

smacker's picture

"Maybe USA could dispatch Obama as an ambassador [...]"

Getting rid of Obola to anywhere would be a brill idea.

OTOH, I thought they could appoint HRH Tony Blair again as Middle East Envoy because he knows the ropes and managed to achieve absolutely nothing 1st time round. But at least it would get him out of British politics.

veritas semper vinces's picture

 Qatar is attacked bc it signed an agreement with Iran to share the pipeline to Syria/Europe,it bought 19% of Russian Rosneft,and refused to sign the declaration that Iran is the terrorist state(declaration done in Ryadh by the gulf staes during our Sayanim-in-chief visit to Saudi Barbaria,when they had the "wahabi orb " show) and ,last,but not least,Qatar is sponsoring the Palestinian resistance.

The big terrorists in the room(beside Jewmerica and Israhell) are naming Qatar as terrorist and the Donald swollows it? Of course Qatar sponsored the Muslim Brotherhood ,but this is less terrorist then ISIS.

Then,the Sayanim-in-chief goes to the biggest terrorist in the area ,Israhell,and says to the Palestinian leader that Bibi told him that the Palestinians are causing trouble.

Have you seen the "wahabi orb" show,when the Donald and other Motherfuckers from our gov put their hand on that Satan orb together with the king of Saudi Barbaria?


LA_Goldbug's picture

I like how the Zio-State has fallen off the Media radar.

Are they still alive and doing something? Of Course. When you don't hear them that is when they are working overtime.

smacker's picture

Anybody in the Gulf who has any sort of working relationship with Iran - as it now appears Qatar has had for some time - is bound to be attacked with words if not bombs, for now, by its neighbours because they all hate Iran and feel threatened by it for years because it has the resources to become No.1 in the Gulf, displacing Saudi.

The Gulf has two names: Persian Gulf and Arabian Gulf, depending where you are.

LA_Goldbug's picture

"The Politics of Power: Freeport in Suharto's Indonesia Paperback – October 31, 2002
by Denise Leith (Author)"

This is nothing new friends. If you get in the way of BIG +++ Business you will be taken off the Game Board.





Take a close look at this Freeport case and you won't regret taking the time.

sister tika's picture

All this fuss over a few trillion dollars of natural gas sales. No need for all the discord and bad feelings.

Qatar needs to have a big backyard barbecue somewhere near Doha and invite the entire world. Polite chitchat and free food will bring global humanity together for a millennium.

All the nations of the world unite as one big family sucking each others dicks for the common good.

mabuhay1's picture


They have stated the reasons that there is a blockade of Qatar, and it is not LNG....

Collectivism Killz's picture

Wow, this is proving to be an expensive fuckin pipeline

political junkie's picture

Interesting read: Confrontation at Bilderberg 2017



LOL123's picture

The map ends a little short. Turkey is playing a huge role in this delusion of creating another " Ottoman Empire" with Qatar.

1- Dec.3,2015 at invitation of sheikh Tamin bin Hamad bin Khalifa Al Thani, president Erdogan met and signed agreements that were mutally beneficial to their intetests.

2- late Feb 2016 US Sec. Of Homeland Security Jeh Charles Johnson made visit to Turkey to offer local authorities American technologies that would allow ankara to "enhance" national security including reconnaissance ballons, explosives spotting devices and so on ( good thing our debt ceiling can afford to supplament world terrorism while americans suffer economic. Struggles).

3-Turkey and Qatar have agreed to create bases in both countries ( Qatar in Turkey and Turkey in Qatar).

4- Turkey and Qatar are visa free , abolish visa requirements, they may travel between boarderless countries ( Globalists one step colser to agenda). 

5- "Qatar and Turkey are the original creators of ISIL and have been investing heavily in strengthening terrorist organization ever since.

6- "Qatar provided a certain share of its financial wealth with ISIL, while Turkey has spent significant time training and recruiting of ISIL militants ( *which we witness around europe and america) for them to wreak havoc in Iraq and Syria ( *and across europe and america).

7- "Turkey has done its best to provid its terrorist creation with sophisticated smuggling networks that allowed ISIL to ship stolen oil and drugs across the globe."

* so why is the United States arming and equipping this mafia clandestine group with taxpayers money while Americans and Europeans struggle to fight off this invasive terror on our own lands with patsy leaders throwing a blind eye to it through political correctness and censorship of speech?....it must be to prepare us for war and submission to the enemy... Otherwise it makes no sense. Oil and gas wars have been going on since its discovery.


Gravatomic's picture

The European energy market is the holy grail right now. And Russia has the keys to the castle. Hence all else follows...

CRM114's picture

Ironic, isn't it?

A growing EU energy market to heat the homes of all the migrants who left the warm sandpit to escape the wars over the pipeline route to supply the EU energy market.


highwaytoserfdom's picture


Liberate Mecca, Medina, Jerusalem..   De ja Vu  all over again  to quote the great Yogi..


Now waiting for WMD babies incubators like Kuwait, Iran Iraq war..    Expecting more passports  miracles. 



"Sweet Caroline" "Sweet Caroline" "Sweet Caroline" "Sweet Caroline"

LightBulb18's picture

I am hoping this is about natural gas, It will be much easier to investigate what is happening in the natural gas field, as opposed to determining the difference between saudi whabbi terrorism and qatarian hamas terrorism? shite terrorism? arent they sunis? really hard to tell apart the initatives of the arab governments with little reliable press and clear majorities ofboth nations supporting sharia including denying equal rights to Jews, christians, athiests, homosexuals, etc..

Gravatomic's picture

Iran through its South Pars Field has enough Natural Gas to supply Europe with cooking, heating, name it, for the next 150 years.

This obviously has many in the west concerned. What to do, what to do?

Moar war?

Gorgeous's picture

"what to do, what to do?"

Invade Iraq and Syria.

johnjkiii's picture

Rubbish is rubbish. All of these idiots are funding terror. It's simple: "throw meat to the tiger in hope he'll eat you last"

messystateofaffairs's picture

Qatar, welcome to the Silk Road. As the riches of the participants of the Silk Road grows Qatar can sell natural gas via the Rosneft Syrian pipeline to the newly emerging third world Islamic Europe, or something along those lines. There seems to be minor geopolitical shifts going on in the world behind the bullshit public narratives and Donald is providing the entertainment. I can hear that great sucking sound as the road draws the true entrepreneurs of the world to it.

IronForge's picture

The only safe way out for QAT is to bring  CHN & IND onboard for a Security-LNG Deal, then ask TEAM_USA to relocate to BHR where the FLEET HQ is located.

mabuhay1's picture

Riyadh — Saudi Arabia, the UAE, Bahrain, Egypt, Yemen, Libya, Maldives and Mauritius severed ties with Qatar on Monday morning after the tiny Gulf nation was found supporting terror groups and Iran.

According to the Saudi Press Agency, Saudi Arabia has taken this decision as a result of “serious and systematic violations committed by the authorities in Doha over the past years with the aim of creating strife among Saudi internal ranks, undermining its sovereignty and embracing various terrorist and sectarian groups aimed at destabilizing the region.”

Among the extremist groups Saudi Arabia said Qatar was supporting and harboring were the Muslim Brotherhood, Daesh and Al-Qaeda, by means incitement through its media channels.


mabuhay1's picture


Qatar can still export gas and oil despite Saudi-led blockade of territorial waters

Qatar, the world’s biggest seller of liquefied natural gas, can still access shipping routes to deliver oil and gas to buyers after Saudi Arabia and other neighboring states barred the emirate from exporting through their territorial waters.

State producer Qatargas told Japan’s Jera Co. that it would keep supplying LNG as normal in spite of the Saudi-led severing of diplomatic ties with Qatar, Jera spokesman Atsuo Sawaki said by phone. Jera is Japan’s biggest buyer of Qatari LNG under long-term contracts, according to data compiled by Bloomberg.

Aside from sending LNG and oil by ship, Qatar exports natural gas through a pipeline operated by Dolphin Energy, which is owned by Abu Dhabi’s Mubadala Development Co., Total SA and Occidental Petroleum Corp. The link supplies gas to the U.A.E. and Oman and can send 3.2 billion cubic feet per day, though it only uses about two-thirds of that capacity.

Gas continues to flow normally through the Dolphin pipeline to the U.A.E. and Oman, according to two people with knowledge of the matter. There is no sign that supplies will be cut, they said, asking not to be identified because the information isn’t public.



decentralisedscrutinizer's picture


Same shit; different day at Zero Hedge. The same select cadre of professional writers posted their latest ruminations on the well-known ZH economics blog. The usual not-so- professional, but regular, community of pseudo-intellectual amateurs follow along, posting semi-intelligible but potentially relevant retorts over which they scavenge every last morsel of meaningful content from the (OP). These daily, regular commentators act, metaphorically, like dogs in a dog park, constantly circling each other, nose-to-asshole, pissing on one another’s territorial fire hydrants. Innocent businesss people like myself seeking to learn the subject of “economics” first enter this enchanted terrarium thinking it’s a Nazi throwback community. Digging deeper I found some profound revelations with occasional nuggets of useful information from other ordinary business people. It takes some time and effort to sort out the real business folks from the pseudo-intellectual pissing dogs PIPD, but once you do, you can skip right over the PIPD and learn something useful. For any newbies that might be here today; you can spot the PIPDs by their 1) bad spelling, grammar 2) never reply with more than one (incomplete) sentence 3) obvious reading incomprehension 4) negativity & cynicism and 5) misuse of up and down arrows. Sorry if I’m restating the obvious.




My question for the day: Why isn’t there a single word for economic and political systems? They’re so inter-twined. I’m calling what we have now “corpocracy” for lack of a better description. What would you call a system of capitalist free-trade without coporations or monopolies in a constitutional democratic republic? Assuming we broke up the Great Squid, what would we call our revised system? 2.0? …………..….


The Gladiator's picture

So. You've been here for 16 weeks,and you are an expert on everthing ZH. Please,oh great one. Tell us all. What is the meaning of life?

quasi_verbatim's picture

A pseudo-intellectual pissing dog? How's the patent application going?

Boxed Merlot's picture

...Why isn’t there a single word for economic and political systems?...

There used to be, it was "catholic". It's original meaning was somewhat interpreted as "universal", but because the Romans hijacked it, the addition of a spiritual dimension relegating to an eternity of misery in the afterlife of anyone daring to question the authority of the administering priests of this newfound power over conscience, its meaning has been lost in recent centuries.

Various pieces resurface now and again, but the basic divine attributes of 1)Power, 2)Wealth, 3)Wisdom, 4)Strength, 5)Honour, 6)Glory and 7)Blessing - continue to be wrested by forces of evil in order to deceive and otherwise entrap the unwary.


(yeah, I know, honor in the US is spelled w/o a "u", but for some odd reason, I prefer the old English look of "honour".)

decentralisedscrutinizer's picture

The Templars wouldn't have become the world's first multinational bank without the Pope's blessing. When Phillip IV pulled the plug on them on Friday 13, 14?? it should have been the end of global-squid banking but noooooooo, the jooz had to bring the whole idea back again in 1913. Now what ? Templars 2.0? Neo-templarism? Can the Pope still over-rule sovereign nations' monetary policy? ZH is just the place to speculate on all of it, though. What do you think? 

Boxed Merlot's picture

...The Templars...the world's first multinational bank...

In my mind I would think the Levitical priests in the times of Joshua, (well, David anyway), through cme70 would've worn that title.

The "known" world may not have been nearly as large, but when one considers any true Israelite living outside the easily traveled distance to the temple in Jerusalem needing to offer sin atoning sacrifices at that specific location not being able to travel great distances and having their animal arriving in pristine condition, were able to arrange with some of Levi's / Aaron's kin in their local synagogue a script describing the animal deposited to a kinsman and thereby able to redeem at the temple for a like "offering", "central banking" had a previous manifestation in history.

This also explains why the "cleansing" of the temple ~cme30 by Jesus of "money changers" is an easily acceptable historical verity.



decentralisedscrutinizer's picture

Is that the full extent of your historical reference? Nothing about Phillip the Fair? might have to reconsider my telling of that story since Wikipea now says: "Recent studies emphasize the political and religious motivations of Philip the Fair and his ministers"  IOW; it became relevant again and didn't fit the NWO. Gotta keep up with changing truth. He WAS a hero, though.

Boxed Merlot's picture

...Is that the full extent of your historical reference?...

Well, I thought you were asking about root / origin conduct related to the craft of "banking". Phillip was at least 1200 years after the Cohon clan was taking the faithful to the cleaners by preying on their guilt / indebtedness complexes.

Their mistaken belief that their edifice gave value to their deposits and their skills at accounting combined with their brotherhood of familial ties to the other alters of sacrifice entitled them to produce ethereal currencies.

And for all those so called "Zionist" Christians believing the current folks in Jerusalem attending to what's being touted as "Judaism", please remember, no one less than the Apostle Paul himself declared that even in his day, those folks claiming to be jews in Jerusalem's temple were in fact Hagar's children:

"For it is written that Abraham had two sons, one by the slave woman and the other by the free woman. His son by the slave woman was born according to the flesh, but his son by the free woman was born as the result of a divine promise.
These things are being taken figuratively: The women represent two covenants. One covenant is from Mount Sinai and bears children who are to be slaves: This is Hagar. Now Hagar stands for Mount Sinai in Arabia and corresponds to the present city of Jerusalem,..." Galatians 4:22-25.

Needless to say, this put Paul on his previous friends Seth Rich list. And by the way, "Galatia" is the old world name for present day Turkey.


Interested_Observer's picture

Well for those of us long time ZH readers, the topic of a potential oil pipeline thru Syria came up several articles WAY WAY back a few year ago. The whole point of ousting Assad was the pipeline deal. Love the maps. 

Benghazi was about sending arms via Lybia/Qatar to ISIL/ISIS in Syria for the pipeline because Assad said no.

It was always about Qatar getting a pipeline for their LNG thru regime change in Syria. To say this development to ostracize Qatar is interesting is an understatement. 

Dead Indiana Sky's picture

Whoa, this game of Real Life has more strategy and conniving tactics than Crusader Kings 2.