Washington, D.C. – With Saudi royals having threatened to destabilize the dollar if the U.S. Congress passes a bill that would remove diplomatic immunity from foreigners, in relation to terrorist attacks against American citizens on U.S. soil, it begs the question; why are the Saudis so nervous?

But maybe even more importantly – why is the U.S. seemingly responding to the Saudi blackmail threats – unless they too have something to hide?

The seemingly disproportionate response by the Saudis has prompted former Republican congressman Ron Paul to address the issue in his latest Liberty Report.

With the recent revelations of ‘document 17’, the continued debate surrounding releasing the classified 28 pages and Congress pressing forward with a bipartisan 9/11 bill, it seems clear that the Saudis have a vested interest in maintaining the status quo – meaning they want their complicity in the 9/11 attacks to continue to be a guarded secret by the U.S. government.

The impending threats have resulted in a further fraying of already fragile U.S.-Saudi relations and prompted the House of Saud to warn the U.S. that they would divest themselves a reported three-quarter trillion dollars in U.S. treasury bonds. This is a massive amount as they are the third largest global holder of U.S. debt behind China and Japan.

These Saudi threats were heard clearly in Washington, D.C., as the Obama administration began immediately lobbying Congress in an effort to defeat the bipartisan 9/11 legislation in the Senate.

“The Obama administration has lobbied Congress to block the bill’s passage, according to administration officials and congressional aides from both parties, and the Saudi threats have been the subject of intense discussions in recent weeks between lawmakers and officials from the State Department and the Pentagon,” The New York Times reported on April 15.

“The officials have warned senators of diplomatic and economic fallout from the legislation.”

If the Saudis did make good on their threat to drop the dollar, there is a distinct possibility of a catastrophic market overreaction, according to former Congressman Paul.

“The markets may overreact to it. But it would be devastating to the dollar and it would be devastating to the stock market. If the market believed what was going on it would be huge for people rushing to protect themselves in gold and silver,” he noted.

But Paul believes that there may be a potentially more sinister reason behind the White House lobbying against the bill and threatening to veto the legislation.

Paul noted that typically those in D.C. would not bow to blackmail threats from the Saudis,

“unless there could be something that we [Washington] are trying to hide that we have done….And I suspect that might be possible,” Paul said.

One thing is a virtual certainty. Even if the U.S. has evidence of direct Saudi involvement, you can be assured that the rabbit hole goes much deeper than whatever they are currently allowing the public to know i.e. a limited hangout.

From the ‘Dancing Israelis’ to the collapse of building 7, the full details of what actually transpired on 9/11, and why, are much more nuanced than what the public has been led to believe.

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Jay Syrmopoulos is a geopolitical analyst, freethinker, and ardent opponent of authoritarianism. He is currently a graduate student at the University of Denver pursuing a masters in Global Affairs and holds a BA in International Relations. Jay's writing has been featured on both mainstream and independent media - and has been viewed tens of millions of times. You can follow him on Twitter @SirMetropolis and on Facebook at SirMetropolis.