Mad Kings and Saudi Princes
Gain, be my lord, for I will worship thee!
— Richard the Bastard in Shakespeare’s King John, Act 2 Scene 1
Even in Shakespeare’s time, street performers and pickpockets knew that the way to a mark’s wallet was to draw their attention with one hand while engaging the other, unseen.
It may be that while the world’s attention is drawn to Iran, the real action is in Riyadh. And while Donald Trump may think he is King of the World, the man on the throne is none other than His Sliceness, the Master of Bonesaw, Crown Prince of Cutlery and Controversy, His Royal Oiliness, Keeper of the Black Gold, Sheikh of Shady Shadows, Lord High Executioner of Journalistic Freedom, and the Emir of Emergency Rebrands, Prince Mohammed bin Salmon al Saud.
In May 2025, a high-profile lunch in Riyadh brought together Donald Trump, the Crown Prince, and a group of Silicon Valley billionaires and executives. The guest list assembled by Elon Musk (Tesla, xAI, SpaceX) and arriving by their own jets: Sam Altman (OpenAI), Jensen Huang (Nvidia), Alex Karp (Palantir), Dara Khosrowshahi (Uber), Ruth Porat (Alphabet/Google), Alexandr Wang (Scale AI), Travis Kalanick (Cloud Kitchens, former Uber CEO), Stephen Schwarzman (Blackstone), Larry Fink (BlackRock), Jane Fraser (Citigroup), James Quincey (Coca-Cola), Patrick Soon-Shiong (ImmunityBio Executive Chairman), and Kimbal Musk (restaurateur, Elon Musk’s brother). Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, Defense Secretary Pete Hegseth, Commerce Secretary Howard Lutnick, and Francis Suarez (the Mayor of Miami) arrived with POTUS on Air Force One.
Ostensibly, the agenda was securing Saudi investment in U.S. firms. The shadow agenda was cryptocurrency and artificial intelligence, or what the Saudis refer to as Vision 2030. His Sliceness wants the financial center of the world to be his high-rise futuristic megacity, Neom, under construction since 2017 on the Red Sea, 220 clicks from the Israeli border.
The wealth of the Saudi monarchy is based on petrodollars—tip of the cap to T.E. Lawrence and Calouste Gulbenkian. Modernization has been impressive by historic standards. However, Arabia’s future wealth, MSB believes, will come from knowledge, and the best way to gather, store, commoditize, and sell knowledge is with AI.
Until recently, cryptocurrencies were regulated by the Saudi Central Bank (SAMA) and the Capital Market Authority (CMA), both constrained by Sharia law, which takes a dim view of illicit activity, especially among youth. Then, in 2024, a sympathetic Imam’s convenient fatwa declared Bitcoin to be Sharia-compliant, and SAMA began engaging with global crypto firms. CBDC is not a nightclub—it’s the Central Bank Digital Currency, a SAMA fiat stablecoin.
Footnote: Last week the U.S. Senate passed the Genius bill making any homegrown crypto stablecoin a legal U.S. currency not controlled by the Fed (“Stable Genius,” get it?).
Neom is designed to be a hub for innovation and fintech. Derived from the Ancient Greek prefix neo, meaning "new," and the Arabic word mustaqbal, meaning “future," the "M" is also the first letter of bin Salman's name and his signature as Neom’s principal architect. Launched in 2017 and proclaimed to be completed by 2030, construction will cost at least $8.8 trillion. More likely, add another zero.
Ain’t authoritarian rule great? Thousands of people were forcibly moved, their villages razed, to make way for MSB’s 10,200 square mile ecocity,. For contrast, Los Angeles is about 500 sq mi. Members of the Howeitat tribe who resisted eviction were simply cleansed.
Multiple city districts are planned, including a floating industrial complex, a global trade hub, and tourist resorts. In October 2024, Sindalah, a luxury island destination, became the first Neom region to open. Plans call for robots to perform functions such as security, logistics, home delivery, and caregiving, and for the city to be powered solely with wind and solar. Given that global air conditioning already contributes 3% of greenhouse warming, claims that a new megacity in the desert will be climate-friendly ought to be viewed with skepticism.
A single very long building in Neom—a "linear settlement"—is designed to have no cars, streets or carbon emissions. It’s called “The Line” (Arabic: ذا لاين). It will run 170 kilometres (110 mi) at a height of 500 m (1,600 ft) and a width of 200 metres (660 ft) and accommodate a population of 9 million (25% of Saudi Arabia in 2022). It will have a glass mirror exterior to reflect sunlight. MSB's vision for the city also includes flying cars, robot maids, dinosaur robots, and even a giant artificial moon.
The Line's 1,640-foot height makes construction difficult and could change the weather. Neom officials suggested lowering it to 1,000 feet to cut costs (the Empire State Building is 1,250 feet). The Crown Prince rejected this, insisting on finding savings elsewhere.
The planned airport has been registered with the code NUM. I could imagine that flights from one end of The Line to the other might be designated NUM-NUM.
Whenever I think Mad King Donald could not get any crazier, I am treated to spectacles like this. Nonetheless, there are sane voices that can bring us back to ground. Psychiatrist Brandy Lee, who worked for many years in prisons treating prisoners, said:
For myself, I've seen it in public sector settings where individuals can go for long periods of time with severe symptoms without treatment. So in prisons and State Hospital settings, I've seen this a great deal. We don't think of mental symptoms as being contagious but in fact they may be even more so because you don't need physical exposure for the symptoms to spread. You just need emotional bonds. So more so than whether or not someone is mentally ill to start, it would be those emotional bonds as well as a facilitating environments such as propaganda networks or cultic programming as I've come to call it, when the so-called news networks are not just spreading disinformation but they're actually following the symptoms and they're following the lead.
What we do not realize is that the emotional compulsion behind mental symptoms will be much more powerful than, say, rational persuasion, facts, evidence, or even logical self-interest. It can become very influential, pernicious, and ultimately destructive for the environment where the symptoms are spread, because ultimately it's the spread of pathology. It's very sad to watch it in real time isn't it? Especially when you're talking about so many people and it's hard to qualify or quantify the true number of people.
Sometimes it doesn’t even take a lot of people. Just a few mega-billionaires and their tech bros will do.
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