I need to change my way of thinking. As I've come to understand the conflict between Sunnis and Shiites, I suddenly realized something while taking a shower: Gulf capital cannot abandon the US dollar.

Because the lives in the Sunni princely states are luxurious and affluent, their level of weakness cannot be changed by enduring two bombs.

Their voice carries no weight in international politics because all assets, everything they eat, drink, and use, are priced in US dollars. What do I care if civilians get bombed? Only the US dollar assets held overseas can maintain my luxurious lifestyle.

What's the use of buying so much gold? At most, it's just holding onto the money, waiting for the storm to pass and then continuing to invest in US stocks.

Seeing the big picture from small details, the strength of the US dollar's pricing power over the world is something I hadn't considered before. Even after so many strategic failures, people are still willing, in a Stockholm syndrome-like manner, to let all their money flow into US assets because if you don't acknowledge the US dollar, your entire wealth will be wiped out.

This is complete financial monopoly.

$Invesco QQQ Trust(QQQ.US)