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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

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To: Lorianne

this story is kinda hard to believe.

KSA owns a trillion in US treasuries


21 posted on 05/20/2016 7:59:55 PM PDT by RockyTx
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To: Lorianne

They would be loaded with money if not for building mosques all around the world to spread their terror.


22 posted on 05/20/2016 8:28:34 PM PDT by boycott (--s)
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To: IronJack
these muslime pigs.

The Sows can go to hell. But they should be allowed to suffer for a little while...before we blow their @$$ up.

23 posted on 05/20/2016 8:53:17 PM PDT by ROCKLOBSTER (Trump: A Bull in a RINO closet.)
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To: Sasparilla

How much of our blood and treasure did we spend protecting those fools over the years?

The two wars against Saddam were fought solely for the Saudis, despite what our government told us.


24 posted on 05/20/2016 8:57:16 PM PDT by dfwgator
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To: fhayek
I bet they are now starting to regret all those contributions to the Clinton syndicate.

Yes, they should have just stuck with making contributions to the Bush syndicate.

25 posted on 05/20/2016 9:00:25 PM PDT by Ethan Clive Osgoode
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To: Ethan Clive Osgoode; fhayek
I bet they are now starting to regret all those contributions to the Clinton syndicate. Yes, they should have just stuck with making contributions to the Bush syndicate.

They are one and the same.

26 posted on 05/20/2016 9:04:30 PM PDT by dfwgator
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To: Lorianne

Maybe the House of Saud could simply use silver instead of gold for their thrones, plumbing fixtures, household accouterments and airplane furnishings. That right there could save enough to balance their national budget. And when oil prices pick back up, the could switch everything back to their preferred gold.


27 posted on 05/20/2016 9:12:46 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: Lorianne

I can’t wait for the Saudi pricks to hit the skids. Revolution there will be a real eye-opener.

Of course, at that point, we had better be on full lock-down mode with total travel ban for all Muslim countries - because it will get UGLY.


28 posted on 05/20/2016 10:07:37 PM PDT by PGR88
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To: PGR88
I can’t wait for the Saudi pricks to hit the skids. Revolution there will be a real eye-opener.

The Russians will take over once Saud falls, and kick out all the American oil prostitutes.

29 posted on 05/20/2016 11:25:46 PM PDT by Ethan Clive Osgoode
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To: Lorianne

Oil wouldn’t be such a big deal for them if any of them had ordinary/normal jobs but nobody works over there. All they really have is oil, terrorism, and inbreeding. Half of them are hopping around with lop ears, tails, horns, and hooves from marrying their own cousins for the past 1400 years...


30 posted on 05/20/2016 11:58:51 PM PDT by ganeemead
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To: Lorianne

Because they are responsible for 9/11, I would like to see the Saudi sands turned into Trinitite.


31 posted on 05/21/2016 12:05:01 AM PDT by r_barton (GO TRUMP!!!)
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To: Lorianne

The population of Saudi Arabia is 30 million, and they must pay huge subsidies to keep the peace.

No one is sure what the true unemployment rate is, but the official rate is about 30% for young people, and most of their “employed” parents work for the government or for government sponsored enterprises.

Since the oil crash began about two years ago, Saudi Arabia has had to cut their national budget by about 25%, plus, they are running very large budget deficits now, so they must pay that debt every month from sovereign funds.

As of March, the Saudis held just $117 billion in US Treasury debt.

They can only blame themselves for this.

They deliberately pushed oil prices down into the $20 range trying to destroy the American shale oil business.

No one, including me, ever dreamed that American drillers could hold out for two years before they started cutting back.


32 posted on 05/21/2016 1:15:06 AM PDT by zeestephen
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To: Lorianne

I think they were lowering the cost of oil to drive US companies out of business.

Now, either they are out of money (which is hard to believe) or they are trying to drive more companies out of business by just stiffing them for the payments- they are infidels, after all...


33 posted on 05/21/2016 4:48:42 AM PDT by Mr. K (Trump will win NY state - choke on that HilLIARy)
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