Saudis threaten to sell $750 billion US assets if Congress passes bill that would let

[imagep]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

A judge recently allowed Sandy Hook victims to sue gun manufacturers for gun related deaths, so why not?

Why? Someone else would buy it at a bargain price. It would make no difference to the US government or people.

Sent from my SM-G900V using Tapatalk

 

[imagep]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

China sold $600 billion of US Treasuries last year and noone seemed to notice. The US Dollar just stayed up. Defies common sense and conventional economic wisdom. Maybe manipulation is the bottom line, or not?

It doesn't particularly matter who owns treasury bonds.

Sent from my SM-G900V using Tapatalk

 

[Checkerboard Strangler]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

You were protecting them. You have a huge military base there. They brought down WTC. They should have been invaded instead of Afghanistan or Iraq.

Absolutely, they should have been nuked. I don't even think any world powers would have objected either.
Would have been much cheaper, too.

 

[Ikari]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

Oil versus Superpower. Who wins? Obviously oil wins.
Saudis threaten to sell $750 billion US assets if Congress passes bill that would let 9/11 victims sue Saudi Arabia - Business Insider

Let's say that people could use SA for 9/11. How exactly would you get them to pay up?

 

[RDS]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

Let's say that people could use SA for 9/11. How exactly would you get them to pay up?

Ask the citizens.

 

[RetiredUSN]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

Yeah, never mind the $44B per quarter trade surplus we have with them, huh? And if you'll check, their economy is not in the best of shape, thanks to the oil glut. The great expansion of oil production we've had during the Obama administration enabled us to stop buying their oil...but they're still buying many billions of dollars' worth of our weapons.

And yes, oil production increased greatly under Obama:

Under Obama, the steady drop in U.S. oil production which had occurred virtually unchecked since 1971 has been reversed. Crude oil production has risen every year of his administration. It has jumped 72% since he took office, producing about 3.6 million additional barrels a day during that time.
Oil production has grown so much that last summer the nation caught and passed Saudi Arabia as the world's largest oil producer. Before Obama leaves office, domestic oil production could top the U.S. record set in 1970.

The private sector brought us lower prices, not Obama.

 

[Northern Light]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

Let's say that people could use SA for 9/11. How exactly would you get them to pay up?

They can't... but it's the principle of a U.S. court maybe ruling that SA is at fault that looks damning... because then there's precedent for any number of people to cite the court case as proof that SA harbors terrorists -- which we all know it does, but there would be proof at a civilian level.

3/4 of a trillion dollars is a lot though and no force in the world will make the U.S. turn their back on that. Dumping those assets would crash the USD overnight.

 

[PeteEU]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

Oil versus Superpower. Who wins? Obviously oil wins.
Saudis threaten to sell $750 billion US assets if Congress passes bill that would let 9/11 victims sue Saudi Arabia - Business Insider

Would give problems way beyond Saudi-US relations. If the US can pass a law that makes it possible to sue a country they dont like in a biased US court and then the assets of said country (private and public owned) can be seized to pay the massive tax err fine... who would want to invest in the US ? I mean look at who are the big investors out there...

Arabian countries, Russia and China. All places the US has "issues" with.. If they risk having their money seized, then why the hell should they risk investing in the US when there are plenty of other countries that do respect international law?

 

[Lafayette]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

Therefore I view it as an empty threat, bring it on ...

And you would not be wrong.

What is happening in that country was waiting a lonnnggggg time to happen. Can you imagine that top-directors of public-companies were being paid 400, 500 or 600 thousand dollars a year - 90% of which was taxed away!

Or the Saudi sultan who bought a seaside house on the French Riviera, then wanted to public access to the beach from public entry - which is guaranteed by French Law throughout France. He promptly resold the property - so he'll have to find his hi-priced hookers elsewhere, one must suppose.

Nobody but the Saudis are going to lament the demise of fossil-fuel energy, and better mileage to them ...

 

[Lafayette]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

... If they risk having their money seized, then why the hell should they risk investing in the US when there are plenty of other countries that do respect international law?

And, the Saudis wont invest in the US.

They'll pull out and put their money in the "other reserve currency" called the Euro.

And the US banks will not be happy-bunnies. (My heart goes out to them ... :thumbdown)

 

[Lafayette]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

If the US can pass a law that makes it possible to sue a country they dont like in a biased US court

Pray tell, where would they find that animal?

Seen it lately?

You are presuming it exists ... and I doubt it does, even at the Supreme Court level. (In this case, it would not be the first time that the Supremes overturn/loosen a law passed by the American Congress. Until, that is, the American public settles the matter of the seventh seat to be yet filled.)

Which is the "prime reason" we have a tripartite system of governance* - to make sure that not one gets complete power, either military or juridical, over the other ...

NB*

Executive, Legislative, and Judicial - which was conceived at the very beginning of the nation because our founding-fathers saw the commingling of both temporal and spiritual powers of the European monarchies - and wanted none of it.

A European king could put a person away (or even have them hung) without a trial-by-jury - just because the individual got in the way of Divine Right.

[There a some simpletons around who think that Divine Right yet exists; and of course they are the main interpreters of said rights. ISIS jihadists come to mind ...]

 

[joG]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

I can see the hypocrisy at the highest level which you pretend not to see. They have the worst human rights record.

You think the government of Saudi Arabia was involved in 9/11 or are you only saying that their list of terrorist organizations is different than our own?

 

[joG]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

A judge recently allowed Sandy Hook victims to sue gun manufacturers for gun related deaths, so why not?

You are right hat our legal system has a rather large problem.

 

[PeteEU]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

Pray tell, where would they find that animal?

Seen it lately?

You are presuming it exists ... and I doubt it does, even at the Supreme Court level. (In this case, it would not be the first time that the Supremes overturn/loosen a law passed by the American Congress. Until, that is, the American public settles the matter of the seventh seat to be yet filled.)

Which is the "prime reason" we have a tripartite system of governance* - to make sure that not one gets complete power, either military or juridical, over the other ...

NB*

Executive, Legislative, and Judicial - which was conceived at the very beginning of the nation because our founding-fathers saw the commingling of both temporal and spiritual powers of the European monarchies - and wanted none of it.

A European king could put a person away (or even have them hung) without a trial-by-jury - just because the individual got in the way of Divine Right.

[There a some simpletons around who think that Divine Right yet exists; and of course they are the main interpreters of said rights. ISIS jihadists come to mind ...]

Dude... did you not read it as a hypothetical? How could you not? Even the far right would know that this law is impossible to get through.. this is all pure speculation and hypothetical. Now IF .. note the IF, someone some how manages to get this through the whole system, then there will be consequences as described.

 

[Helix]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

sue them? that's ridiculous. instead, we should pull out and force them to stabilize their own region. meanwhile, we'll use the money saved to build infrastructure and provide services like health care for our citizens.

 

[Socrates1]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

I am Canadian.

Sorry . :lamo

 

[Lafayette]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

Dude... did you not read it as a hypothetical? How could you not?

Down boy.

Apparently you take this place to be a messaging-service. I take it for a forum, and I respond in kind to stimulate the debate; because, for me, it is the exchange-of-debate that matters - not "winning the argument".

In fact, yes, I agree with everything you've said.

Dude ...

 

[RDS]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

You think the government of Saudi Arabia was involved in 9/11 or are you only saying that their list of terrorist organizations is different than our own?

Maybe you can do some research. 15 of the 19 were Saudi nationals.

 

[joG]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

Maybe you can do some research. 15 of the 19 were Saudi nationals.

So? There are criminals all over.

 

[DaveFagan]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

It doesn't particularly matter who owns treasury bonds.

Sent from my SM-G900V using Tapatalk

It doesn't matter who owns them, but it matters when anyone cashes them in. The US Treasuries represent the USA export imbalance and foreign Nations end up holding huge wads of US Dollars. These dollars come back to the USA to buy the USA or USA investments such as land, buildings, natural resources, Corporations, Industries, tollroads, toll bridges, etc. If you don't like USA investments, you can buy precious metals, foreign infrastructures, etc. If you think the US Dollar is going to weaken, and many people think it will, then it is a good time to exit Treasuries and pocket the 25+% increase in value of the dollar in the last few years. That is what China did. It accumulated Treasuries when the US Dollar was in the 70s and sold at the high 90s. A substantial profit. What keeps the value of the dollar up? It sure as hell is not economic fundamentals. At this time China still owns about a trillion of US Treasuries, India owns about a Trillion, Japan owns over a Trillion and Saudi Arabia owns $750 billion. Low oil prices have also reduced the demand for US Dollars. Russia, China, and many other Nations now trade their oil in their native currencies. The USA has been able to control the World economy with slippery US Dollar policies. That era is in peril. The NWO scheme is in peril. I never heard any ordinary US citizen express a desire to rule the World.

 

[notquiteright]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

The private sector brought us lower prices, not Obama.

So Conservatives don't bring us prosperity- the private sector does? Obama was predicted to cripple our energy sector when he refused to drill in Federal refuges and instead we have a massive oil glut that now has oil sector jobs being shed- (typical in the oil sector as it's 'invisible hand' does boom-bust like no other)

If you wish to limit the credit for lower oil prices (worldwide) to the private sector then so too the crashing of the sector's employment is in that basket... eace

 

[Lafayette]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

I am Canadian.

I hope you are not ashamed of that fact.

As a Canadian, you benefit from two national-services of which Americans can only dream:
*A national health service that costs (per capita) only half as much as the US, whilst delivering a life-span that 3-years longer, see here:


and,

*A national post-secondary schooling program costing half that of the US:



As a people, Canadians are better-off as regards the above two criteria than Americans ...

 

[Lafayette]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

THE AMERICAN PLUTOCRAT CLASS

If you wish to limit the credit for lower oil prices (worldwide) to the private sector then so too the crashing of the sector's employment is in that basket

Lower oil-prices are due to a global retraction of overall production (not to say "recession"). And the Great Recession in the US was attributed directly to Wall Street Banksters who were directly responsible for the Toxic-Waste Fraud that triggered the Great Recession of 2009.

Any effort to totally credit one side (Right or Left) for either economic growth or recession is pure pretense. There are a great many factors that enter into the consideration, most of them pure chance rather than intended policy-making.

Otoh, blaming Reckless Ronnie for the drastic reduction in upper-income tax-rates (see here) during his administration in the 1980s, yes that will stick! He is solely responsible for the gross Income Disparity in the nation today.

And its consequential Great-Gusher upwards from Income (after taxes) to Net Worth, that too was Ronnie's handiwork. And the reason why the Right have made so many statues to him, like he were some Saint* ...

*And Why not?, some would stay. Many years after his death, he is still creating millionaires and billionaires like it were a miracle. Saint Ronnie did just fine by a select group of people, which we now call "The American Plutocrat Class". (As if we ever needed one!)

 

[Lafayette]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

Maybe you can do some research. 15 of the 19 were Saudi nationals.

Let's see the proof that they were all members of the Royal Family please. Otherwise, there is no relationship whatsoever to the Saudi government. And, therefore, please explain the point you are trying to make. Is it, "Guilt by association"?

911 was perpetrated by a very-rich Saudi multi-millionaire, a member of one of SA's richest families (the bin-Ladens). All of whom were mysteriously spirited out of the US the day after 911 - the only aircraft allowed to take-off in the US. (In 1994, the bin Laden family had disowned Osama and the Saudi government revoked his passport.)

 

[imagep]

Re: Saudis threaten to sell $750 billion US assets if Congress passes bill that would

It doesn't matter who owns them, but it matters when anyone cashes them in. The US Treasuries represent the USA export imbalance and foreign Nations end up holding huge wads of US Dollars. These dollars come back to the USA to buy the USA or USA investments such as land, buildings, natural resources, Corporations, Industries, tollroads, toll bridges, etc. If you don't like USA investments, you can buy precious metals, foreign infrastructures, etc. If you think the US Dollar is going to weaken, and many people think it will, then it is a good time to exit Treasuries and pocket the 25+% increase in value of the dollar in the last few years. That is what China did. It accumulated Treasuries when the US Dollar was in the 70s and sold at the high 90s. A substantial profit. What keeps the value of the dollar up? It sure as hell is not economic fundamentals. At this time China still owns about a trillion of US Treasuries, India owns about a Trillion, Japan owns over a Trillion and Saudi Arabia owns $750 billion. Low oil prices have also reduced the demand for US Dollars. Russia, China, and many other Nations now trade their oil in their native currencies. The USA has been able to control the World economy with slippery US Dollar policies. That era is in peril. The NWO scheme is in peril. I never heard any ordinary US citizen express a desire to rule the World.

If the exchange rate for the US dollar changed in such as way that the US dollar lost value against other currencies, which is what I think you are suggesting, then foreign goods would become more expensive in the US and we would import less, and American goods would become less expensive in other countries and we would export more.

Now think about this, what denomination of currency would they exchange their US dollar denominated assets for? If they exchanged their US Treasuries (which are effectively US dollars) for US dollars, then they are still holding dollars and their position hasn't changed any. Do you really think they would prefer to hold jamaican dollars, or Mexican Pesos?

That's not a bad thing, it would put Americans to work, the labor market would continue to tighten, incomes for the non-ownership class would increase, etc. American companies would do very well, they would sell more domestically and world wide.

But Saudi Arabia selling $750 billion in US treasuries isn't going to make more than a percent or two difference in the exchange rate. If it's real estate or business investment assets that are located in the US, then that's a good thing also, I would prefer that Americans own America, not Saudis