There's been a lot of commotion
in the online financial realm over volatility in the share price of the
MGM Resort group, which owns the Mandalay Bay, just days before the Oct.1
shooting incident. Analysts are suggesting insider trading and a nefarious
conspiracy due to the CEO's membership in the Homeland Security National
Infrastructure Advisory Council. For one thing, MGM boss James Murren,
who retired on Sept. 27 just prior to the Vegas assault, should have followed
his own security planning and installed more reliable counter-terrorism
measures to the Mandalay Bay Resort. Instead he was emptying his desk.
Let's issue here some cautionary advice not to jump to conclusions without
delving into the intricacies of big money and high-level sponsorship of
terrorism, because analyzing a large-scale terror operation is similar
to taking apart and reassembling a Swiss watch, which can't be done with
a sledge hammer.
The Arab aspect to the MGM stock-price movements at the end of September
is complicated by prior and current business and management issues. Try
not to obsess on the Mandalay Bay, owned by MGM, since the gunfire at
the rival Tropicana attracted more police reaction. There were at six
hotels where gunfire was involved, including the New York New York, also
owned by the MGM Resorts group.
The volatility in MGM share value hinged upon the resignation of the MGM
groupís CEO James Murren, who had been entangled in a legal dispute with
the Dubai (UAE) sovereign investment fund over construction delays (including
deaths of construction workers) at the CityCenter shopping and residential
As for the other major shooting platform, the Tropicana, it's owned by
Penn National Gaming under CEO Peter M. Carlino, an Italian-American known
for his very "competitive" tactics to keep rivals off its turf, as in
the Maryland bayshore against the arch-rifal MGM group. Not to say that
MGM is entirely clean since its operation in Macau partners with Pansy
Ho, the daughter of Stanley, the capo of that triad-controlled speck of
What? You expect roulette wheels to be spun by Bible-thumping missionaries?
Hey, the Church gets its share, and if you find that hard to swallow,
Sister, go ask the Vatican. This planet is just one big Sicily, so just
put some quarters from the plate into the slot, close your eyes and enjoy
the sound of a jackpot. Let's get back to investor mood swings about
the MGM group.
Dubai/UAE is heavily invested in the MGM resort group but took a huge
hit on construction overruns of a downtown Vegas shopping center/residential
unit called CityCenter. It eventually struck a second deal with MGM to
recover those losses with a massive casino/hotel project with a prime
beachfront location in Jumeira, Dubai. The MGM-Dubai dispute led to lawsuit
over the lagging CityCenter mall project, but the two parties patched
up their quarrel (probably with a large share transfer in exchanging for
the life-saving Jumeira resort project.
Murren's exit was an end-result of that rough patch in investor-partner
relations and had nothing to do with the DHS, rather plain old business
dealing that ruin a delicious conspiracy dragging DHS and FEMA into the
mass slaughter. A year after ground-breaking in Dubai, Murren resigned
to make way for another executive on better terms with the Emirate of
Dubai. In the Arab way of doing business, partners should settle their
complaints over tiny cups of coffee served over many hours, days
and weeks, if necessary.
Share prices skyrocketed and fell due to this management reshuffle with
various investment funds reacting in different ways to the increased UAE
role in any future corporate decision-making. If anything the shooting
spree further damaged Dubai's interests at the CityCenter, which has started
to make financial headway since its opening a year ago.
The assault on the Route 91 Harvest Festival can be plausibly and in all
likelihood linked to an increasingly fractious intra-Arab dispute, which
is behind the blockade of Qatar by a coalition led by Saudi Arabia and
the UAE. The Saudis and Emiratis are backed by the White House and State
Department (which ordered a halt to war games between the Central Command
and the Qatari military at the giant Al Udeid Air Base in Qatar).
Dubai is a key player (for the Saudis and the Trump team) in the blockade
to pressure Qatar to end its sponsorship of the more radical militant
jihadi groups. Qatar has repeatedly protested the economic sanctions by
its stubbornly insistent neighbors. Qatar is a major sponsor of ISIS and
Thus, Qatar had every reason to gouge the eyes of Trump, who supports
the blockade, and UAE, a key coordinator of the blockade. This blood feud,
Arab stylem is an obvious factor in the jihadist paramilitary assault
in Vegas, The Strip shootings are being hushed up to prevent Qatar succeeding
in its counterattack against the Saudi-UAE-US coalition, which is aimed
at fracturing the petrodollar system (exchange of oil export income with
financial investment in the USA). The shattering of the petrodollar system,
due to panic over an Arab terrorist threat to the USA mainland, would
blow apart what remains of global dollar dominance, sinking Wall Street,
the Treasury Department and Federal Reserve System?
This Arabian Standoff creates a moral dilemma in a Faustian choice of:
Crush terrorism or wipe out the root of all evils, the Federal Reserve?
Given this devilish choice, it's really tough not to see Qatarís radicalism
in a better light. The present situation, however, demands support for
the Vegas victims. That means the Emirate of Qatarís heroic assault on
the petrodollars cycled through the Vegas casinos is all in vain, and
the Federal Reserve Bank boards are assured no loss of sleep. This is
a world of evil that allows no room for goodness, dear Sister, when you
realize that high federal officials are more concerned about saying their
petrodollars than allowing the Vegas wounded or the 911 victims sue the
So how to fix the Qatar problem since the boycott has failed and after
the Vegas massacre?
Simple, one just has to be Machiavellian: Inside Syria, there are families
of 70 Qatari military officers who have supported republicanism against
the monarchy in Qatar. The republican coup leaders fled to Syria in the
1970s after a failed plot to end the emirís monarchy. Instead of opposing
Assad, as deplorable as his regime has been, just take the devil's option
to cooperate with the Syrians to form a democratic Qatar political umbrella
with a very keen military edge and do what CIA-supported democrats do,
topple the monarchy. In the chaos of regime change and a burning palace,
be sure to capture all the Brotherhood, Qaeda, ISIS, Chechen warlords
safe-harbored inside that peninsula for a permanent vacation in Damascus.
the Assad regime will know what to do with them.
Now that the intricate movement is solved, your Swiss watch is ticking
again, so get to work, boys over at Langley, and do what you do best.
Given the wild swings in
the business fortunes of the MGM Resorts, the stock-price volatility during
the departure of its CEO make sense and do not appear to be coordinated
with the terror attack, whereas the multi-target assault affecting the
entire Vegas hospitality industry was not designed as a financial play
but as a killing field, which nonetheless had a massive impact on the
sovereign fund of UAE-Dubai . . . turning out to be icing on the cake.