Saudi Arabia threatens to dump USD denominated assets

SyGambler

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guess who's back

lol , finally things are getting clear
so basically SA is now the face of terrorism and this time this is approved by the US media , which is good so far
but the funny thing is that SA is now warning the US , I mean come on US prove to these Saudis what they worth without your support Grin

hopefully US and SA will no longer be allies , all the problems in the world would be solved except the global warming Tongue

bryant.coleman

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Quote from: Dinki on April 19, 2016, 05:03:00 AM

That is not going to happen because the House of Assad needs U.S. in other to stay in power and not be overthrown.

WTF is the house of Assad? Do you mean the Syrian president Bashar al Assad and his relatives? I am confused. Actually it is the Americans who are trying to overthrow Assad. Or did you actually meant the "House of Saud"? It is true that they need the Americans. They need them for protection against the Iranians, and not against the rogue elements within their country.

Dinki

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Incent

That is not going to happen because the House of Assad needs U.S. in other to stay in power and not be overthrown.

AzibLala007

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that is the good decision by saudia arabia.
and they deserve it.
i think in modern days USD has dominated most assets in the world.
they should be dumped.

Evildrum

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Think America likes to nibble away or around the allies of their true targets. Reason they attack these Middle Eastern countries in the area. Think Saudis are going to be cut off or become stronger on the world stage. States will need to get off the tit for the Saudis to face a set back.

zenitzz

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Saudi Arabia threatening the US and telling them to do what they want,it's just like some EU countries are trying to do with the UK.

saddampbuh

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all the terrorism comes from these gulf countries and pakistan and the americans turn a blind eye and go after random targets like libya and iraq who have nothing to do with it. all of the saudi rulers deserve to be executed along with the western traitors who collaborate with them. fuck obama for giving into them.

Slowturtleinc

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They dump USD and it would screw them as well as make other countries pissed off. Getting tired of these Saudis pushing their weight around.

bryant.coleman

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They are already selling their reserves to fund the widening budget deficit. As of February 2016, their reserves were down to $584 billion (from the high of $750 billion in 2014). The Saudis will continue to burn their reserves at a rate of approx. $150 billion per year, if the low oil prices ($40 to $45 per barrel) persist. They got no other choice.

Gronthaing

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Quote from: eddie13 on April 17, 2016, 08:55:15 PM

Fuck them...

Maybe we should take out a few of their buildings for exchange..

No need to kill anyone. Or destroy anything. Just stop supporting them. Stop funding and arming them. And stop giving them diplomatic cover. Without foreign support they will have problems oppressing their people. Including the shia areas where most of the oil is. They will have to change or face a civil war. And won't be able to attack other countries in the region either. Or support others suppressing their own people like in bahrain.

eddie13

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BTC or BUST

Fuck them...

Maybe we should take out a few of their buildings for exchange..

alyssa85

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Quote from: criptix on April 17, 2016, 07:19:11 PM

Quote from: alyssa85 on April 17, 2016, 05:48:23 PM

They had $750 billion in reserves back in 2014, but it's down to $600 billion because they are drawing it down to plug their budget deficit since the oil price crashed.

If the oil price continues to stay low, they'll be selling their assets anyway, so it's an empty threat, especially as the sale of $150bn so far has had no effect on the price of the dollar...

it actually got stronger against most other currencies ^^"
but they were selling over a duration of several months, starting in march 2015.

http://www.bloomberg.com/news/articles/2015-09-28/saudi-arabia-has-withdrawn-billions-from-markets-estimates-show

now just compare the timeline with the dollarprice.

Yup. The Americans have nothing to fear, especially with the flight to the safety of the dollar as the world economy wobbles. They should tell the Saudis to go get stuffed.

criptix

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Quote from: alyssa85 on April 17, 2016, 05:48:23 PM

They had $750 billion in reserves back in 2014, but it's down to $600 billion because they are drawing it down to plug their budget deficit since the oil price crashed.

If the oil price continues to stay low, they'll be selling their assets anyway, so it's an empty threat, especially as the sale of $150bn so far has had no effect on the price of the dollar...

it actually got stronger against most other currencies ^^"
but they were selling over a duration of several months, starting in march 2015.

http://www.bloomberg.com/news/articles/2015-09-28/saudi-arabia-has-withdrawn-billions-from-markets-estimates-show

now just compare the timeline with the dollarprice.

alyssa85

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They had $750 billion in reserves back in 2014, but it's down to $600 billion because they are drawing it down to plug their budget deficit since the oil price crashed.

If the oil price continues to stay low, they'll be selling their assets anyway, so it's an empty threat, especially as the sale of $150bn so far has had no effect on the price of the dollar...

pawel7777

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Saudi Arabia Warns of Economic Fallout if Congress Passes 9/11 Bill

http://www.nytimes.com/2016/04/16/world/middleeast/saudi-arabia-warns-ofeconomic-fallout-if-congress-passes-9-11-bill.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region®ion=top-news&WT.nav=top-news&_r=0

Quote

WASHINGTON — Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks.
...
Adel al-Jubeir, the Saudi foreign minister, delivered the kingdom’s message personally last month during a trip to Washington, telling lawmakers that Saudi Arabia would be forced to sell up to $750 billion in treasury securities and other assets in the United States before they could be in danger of being frozen by American courts.

Pass. The. Bill.

Topic: Saudi Arabia threatens to dump USD denominated assets (Read 625 times)