Big Happenings in the Kingdom--11/5/2017

With all the big news in the U.S. markets, I'm sure a lot of people have overlooked what is going on in Saudi Arabia this weekend. 

 

A ballistic missile was fired at their capital, but was shot down over Riyadh.

http://www.cnn.com/2017/11/04/middleeast/saudi-arabia-ballistic-missile/index.html

 

And a "great purge" of princes, royals, and businessmen was conducted over the weekend.  Crown Prince Salman arrested many leaders, including Prince Alwaleed, under charges of corruption.  

https://www.cnbc.com/2017/11/05/mohammed-bin-salman-led-saudi-arabia-purge-the-investor-view.html

https://www.nytimes.com/2017/11/04/world/middleeast/saudi-arabia-waleed-bin-talal.html

 

I believe this is a global power shift of epic proportion, but time will tell is that is correct.