Last Sunday I posted an article titled 'Wheels within wheels in the Middle East', in which I postulated that the Islamic fundamentalist terrorist movements ISIL and AQAP were almost certainly planning an attempt to raid Saudi Arabia, and possibly even take over the holy cities of Mecca and Medina, while that nation's rulers were in a state of transition following the death of its King.
Today I came across a fascinating article by John Robb at Global Guerrillas offering an additional perspective on why Saudi Arabia would be such a tempting target for the jihadists. I think he makes a very strong case. Here's an excerpt. (Note: the acronym ISIS is interchangeable with ISIL, referenced above.)
ISIS still hasn't entered the big leagues. To do that, it needs to do one thing. It needs Saudi Arabia. Saudi Arabia offers one thing to the jihadi entrepreneurs that no other place can offer. It's not Mecca and Medina. Those holy sites, although extremely important to the cohesion and legitimacy of the jihad, come in a close second to the real goal.
To the jihadi entrepreneurs consumed 24x7 with making enough money to keep ISIS going, Saudi Arabia is the end game. Almost unlimited amounts of loot. A mountain of loot. Enough loot to finance the unlimited expansion the jihad. A chance to mint new Emirates by the boatload.
To these entrepreneurs, this is the IPO (initial public offering) of the Century. An event so financially fruitful it makes the IPOs of Google, Facebook, and all of their Internet brethren pale in comparison. Given this trajectory, the only question is when? When will ISIS pivot south and go IPO? Soon.
There's more at the link. Go read. It's worth your time.
(In case you're wondering, Saudi Arabia was reported to have cash - cash - reserves of over $740 billion in November last year . . . and that's not counting the personal wealth of its thousands of princes, their gold and silver, their works of art, and so on. You're probably talking well over a trillion dollars in easily accessible, readily convertible cash and hard assets - not to mention one of the largest oil reserves in the world. Loot? Heck, yeah! LOOT!)