70% of their population is <=30.
Posted on 05/22/2017 3:43:24 PM PDT by Lorianne
70% of their population is <=30.
In the days of the Hyperinflation of Weimar Germany, the US sent over some brilliant financial wizards to get their financial house in order and restore their currency. It worked great, with the German economy recovering just in time to be taken over by Hitler.
Though it is rarely mentioned or used, this is one of America’s most effective exports: financial management and recovery.
Importantly, it is done discreetly. So if we provided the Saudis a recovery and stability road map, when executed, it would appear to have come from the king and crown government. The Americans would remain behind the scenes to advise adjustments as it was carried out.
The biggest problem is that the Saudis as a people, are extremely conservative, in the strictest sense of the word. Very scared of change, only accepting it if it is very incremental and peaceful. So this program may take from years to a decade or more to be carried out.
The end result will be a far more diverse Saudi economy, with industry and entrepreneurship moving them away from their total dependence on oil. And also making them a much more effective barrier to Iran.
Importantly, they have been trying to move in this direction for years, but they need the advice of economic masters to speed things up.
I never thought of it that way.
I read about 10 pages of our Anti Trust Laws the other day and immediately realized they were talking about every aspect of our Health Care System as it currently operates. A couple ballsy State Attorney generals or AG Sessions could cripple the system tomorrow and restore free markets almost overnight.
That donkey left the barn decades ago.
I watched it happen right before my very eyes, screaming the whole time, but at least the Law Givers got Rich while the serfs got screwed..
I’m not interested in paying for Saudi welfare.
Most Saudis do not work at all. They went from being nomads wandering the desert to being waited on hand and foot by expat workers. It would be such poetic justice for Saudis to have to start to do their own work.
It won’t happen. There will be a Sauds vs Wahhabis civil war before that eventuality.
Karl Denningir’s been yelling it from the rooftops for at least ten years. Just enforce the law. Nobody is listening.
Trump should tell them no we will not stop drilling for oil but we are more than willing to make a deal for fracking sand which we understand they have lots of.
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