Saudi Arabia to run out of cash in less than 5 years

money.cnn.com ^ | October 25, 2015 | Matt Egan

[Berlin_Freeper]

If oil stays around $50 a barrel, most countries in the region will run out of cash in five years or less, warned a dire report from the International Monetary Fund this week. That includes OPEC leader Saudi Arabia as well as Oman and Bahrain.

Low oil prices will wipe out an estimated $360 billion from the region this year alone, the IMF said.

[reg45]

Outstanding!!

[FatherofFive]

Stop Spending!

[Renegade]

Good! Let them drink it !

[4rcane]

Did they know US is already out of money? No concern here

[null and void]

Maybe they can make 100 years if they stop funding terrorism?

[Vince Ferrer]

But it gets better. They are also preparing for a sunni-shiite war. All their money will go to weapons, and when they are used, will leave the region devastated, with no money to rebuild.

[SaveFerris]

Yes, I think we’re way ahead of them.

Welcome to the party, boys.

Of course, they’ve been grooming hundreds of thousands of terrorists right on their own soil.

Hope they don’t phone for sympathy when the chickens come home to roost.

[stevem]

The United States ran out of cash about thirty years ago.

[TexasFreeper2009]

WOOT!

[kjam22]

That’s not a problem for them. Some liberal American president will go build it all back for them, while borrowing money from China, or Japan, or who knows where. Maybe he’ll just print the money to rebuild the middle east.... That would be my guess.

[W.]

No more gold-plated Bentleys for the oily sand naggers. Ha-ha!

[Norm Lenhart]

Does that mean a Lexus instead of a Bentley? Or a G6 instead of a Dreamliner? There’s a relative handful of people there. It’s rather impossible for them to run out of cash even if they pave the desert in chrome with the cash they have.

[DoodleDawg]

Unfortunately oil isn’t going to stay at $50 a barrel or below for the next five years.

[tbw2]

I’ll believe they are in a financial crunch when they start sending maids and drivers home, cleaning their own homes and driving their own wives.

[VanShuyten]

Maybe I can pick up a pair of gold-plated 1911s cheap at the fire sale!

[Trailerpark Badass]

My dream of owning a Chrome-plated Lamborghini may just come true after all!

[Eccl 10:2]

Then what will the hijra look like?

[Lizavetta]

No worries. The United States Douche in Chief will give them whatever they want, courtesy of you and me.

Watch and see.

[Bon mots]

Let them eat sand.

They have done nothing good with their energy dollars windfall.