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Saudi Arabia Delays Payment to Contractors, Considers IOUs: Liquidity Crunch at Best
Mish Talk ^ | 18 May 2016 | Mike “Mish” Shedlock

Posted on 05/20/2016 6:48:17 PM PDT by Lorianne

Liquidity Crunch or Worse

Saudi Arabia burnt through its reserves faster than anyone thought.

In signs of a huge liquidity crunch, at best, the country has delayed paying contractors and now considers paying them in IOUs and tradable bonds.

In retrospect, the Saudi threat to dump US assets looks more ridiculous than ever.

Please consider Saudi Arabia Considers Paying Contractors With IOUs. http://www.bloomberg.com/news/articles/2016-05-18/saudi-arabia-said-to-consider-paying-contractors-with-ious

(Excerpt) Read more at mishtalk.com ...


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: saudiarabia; saudidebt
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1 posted on 05/20/2016 6:48:17 PM PDT by Lorianne
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To: Lorianne

Things are proceeding at a faster clip than I was expecting.


2 posted on 05/20/2016 6:50:25 PM PDT by sparklite2 ( "The white man is the Jew of Liberal Fascism." -Jonah Goldberg)
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To: Lorianne

Coat your sand with your oil and choke to death you Wahabbi Bastards! President Trump will make us really energy independent which will hasten your return to the nothingness that you were before we found oil for you on your land.


3 posted on 05/20/2016 6:52:29 PM PDT by vette6387
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To: sparklite2

Which things?


4 posted on 05/20/2016 6:53:15 PM PDT by L,TOWM (There is no longer a system to work within.)
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Comment #5 Removed by Moderator

To: L,TOWM

Burning through their reserves this quickly, for one.


6 posted on 05/20/2016 6:54:24 PM PDT by sparklite2 ( "The white man is the Jew of Liberal Fascism." -Jonah Goldberg)
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To: sparklite2

You would think that the Saudis of all people, would have stashed a little something away for a rainy day. Fascinating. I bet they are now starting to regret all those contributions to the Clinton syndicate.


7 posted on 05/20/2016 6:57:00 PM PDT by fhayek
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To: fhayek

Another Opecker bites the dust.


8 posted on 05/20/2016 6:59:45 PM PDT by sparklite2 ( "The white man is the Jew of Liberal Fascism." -Jonah Goldberg)
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To: sparklite2

It couldn’t happen to a more treacherous “ally Good


9 posted on 05/20/2016 7:01:48 PM PDT by Stand W ("Gentlemen! You can't fight in here! This is the WAR ROOM!"Wlook forward to opening up a can on)
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To: Lorianne

Foreclose on these muslime pigs. Take back what we essentially built for the thieving filth anyway. Let them drink from their gold-plated toilets and camp out in their Bentleys before the sands of their mother desert smother them.


10 posted on 05/20/2016 7:02:25 PM PDT by IronJack
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To: Lorianne

What?!? The Saudis going broke? Can’t be. For over two decades the libs have been telling everyone on the nine and eleven o’clock news that they were soaking us in oil prices. They were breaking us, forcing us to the point that we needed to look for other sources of fuel.

Now the facts are coming out that we were not spending so much for their fuel, i.e., just enough to cover our three per cent commitment for the oil for food payments. Enough to get them enough money to support their needs to feed their people. This must be another lie. They are so rich from us they can do anything. Like go broke for no liquid funds.

Truth hurt libs? Probably not. For it to hurt, you have to have feelings and the ability to admit the lie. Won’t happen!

red


11 posted on 05/20/2016 7:06:17 PM PDT by Redwood71
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To: Lorianne

What were they netting every day from oil? A billion dollars?
Too many relatives on the family teat? Too many debauched Vegas trips? Too many Lamborghini’s? Too many suer yachts? Too many palaces? Too many hookers?
Too much money to terrorist causes?
Lots of sympathy here.


12 posted on 05/20/2016 7:07:50 PM PDT by Sasparilla (Hillary for Prison 2016)
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To: fhayek
Fascinating. I bet they are now starting to regret all those contributions to the Clinton syndicate.

But not the bribes to Western politicians and media outlets, which they have needed to remain a viable nation all these years.

13 posted on 05/20/2016 7:11:48 PM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: Redwood71
Truth hurt libs? Probably not.

It may not hurt them...

To piss off a conservative, lie to him.
To piss off a liberal, tell the truth!

14 posted on 05/20/2016 7:15:07 PM PDT by null and void ("when authority began inspiring contempt, it had stopped being authority" ~ H. Beam Piper)
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To: Lorianne
Will the worldwide jihad also take Saudi IOUs or do the demand cash to spread their poison to everywhere outside of Saudi Arabia?
15 posted on 05/20/2016 7:15:23 PM PDT by KarlInOhio (An orange jumpsuit is the new black pantsuit.)
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To: Lorianne

We need to invade and conquer this country and take their oil!! THEY FACILITATED 911!! There is absolutely no doubt!!


16 posted on 05/20/2016 7:28:05 PM PDT by WENDLE (NEWT is the one!!)
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To: sparklite2

I too am surprised at the speed of this. I have read rumours, on blogs, that funds are not coming through for ISIS and the Syrian rebels, who therefore can’t pay their troops. Saudi Arabia used to be lavish in their hand outs, but now they can’t pay.


17 posted on 05/20/2016 7:31:30 PM PDT by BlackVeil ('The past is never dead. It's not even past.' William Faulkner)
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To: Lorianne

It’s not just nice guys, Mr Durocher:)


18 posted on 05/20/2016 7:38:47 PM PDT by Ken H (Best election ever!)
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To: BlackVeil

Do you suppose they’ll do a Venezuela?


19 posted on 05/20/2016 7:39:50 PM PDT by sparklite2 ( "The white man is the Jew of Liberal Fascism." -Jonah Goldberg)
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To: Lorianne

The Royal family has this covered. Zillions in Swiss and other foreign banks combined with global real estate and transportation assets will make for a smooth transition to ex-pat status.


20 posted on 05/20/2016 7:42:28 PM PDT by Rebelbase
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