Saudis warn of economic fallout if Congress passes 9/11 bill

Discussion in 'Politics, Religion, Social Issues' started by shinji, Apr 17, 2016.

  1. shinji macrumors 65816

    shinji

    Joined:
    Mar 18, 2007
    #1
    http://www.nytimes.com/2016/04/16/w...f-congress-passes-9-11-bill.html?ref=politics

     
  2. obeygiant macrumors 68040

    obeygiant

    Joined:
    Jan 14, 2002
    Location:
    totally cool
    #2
    I'm a little curious as to how The Donald would negotiate in this situation.
     
  3. SusanK macrumors 68000

    Joined:
    Oct 9, 2012
  4. MacNut macrumors Core

    MacNut

    Joined:
    Jan 4, 2002
    Location:
    CT
  5. aaronvan Suspended

    aaronvan

    Joined:
    Dec 21, 2011
    Location:
    República Cascadia
    #5
    Why is Obama protecting the Saudi crime family?
     
  6. MacNut macrumors Core

    MacNut

    Joined:
    Jan 4, 2002
    Location:
    CT
    #6
    Same reason Bush did, oil.
     
  7. vrDrew macrumors 65816

    Joined:
    Jan 31, 2010
    Location:
    Midlife, Midwest
    #7
    The Saudi government holds roughly $750 billion worth of US Treasury bills and bonds. That $20 trillion worth of Government debt people keep whinging about? Roughly 5% of it is held by Saudis.

    If it believed those assets might be frozen as a result of a legal case brought in the United States over the 9/11 attacks; it would - frankly - be a prudent move to sell them in exchange for other assets that would be immune to such judicial overreach.

    From a practical, financial, standpoint it would be difficult to pull off. The Saudis would lose tens of billions of dollars doing so, and would probably cause any number of other unintended financial and economic consequences.

    On a longer time frame: the Saudis are probably going to be net sellers of US Government securities over the next several years regardless. The crash in oil prices has put the Saudis (along with the Russians, Venezuelans, etc.) into a situation where their domestic budget deficits have to be covered by cashing in their sovereign wealth funds.

    The good news? Its unlikely that these sales will put any significant downward pressure on US treasury securities, or cause any significant spike in US interest rates. In a world where Swiss banks are charging Chinese billionaires a percent or so per year to hold onto their cash, getting a point and a half from Uncle Sam seems like a no-brainer.
     
  8. jkcerda macrumors 6502

    jkcerda

    Joined:
    Jun 10, 2013
    Location:
    Criminal Mexi Midget
    #8
    No, the petro dollar.
     
  9. Meister Suspended

    Meister

    Joined:
    Oct 10, 2013
    #9
    We all know how Hitlary would handle it.

    Her closest friend and adviser is saudi operative Huma Abedin ...
     
  10. Marshall73 macrumors 6502a

    Marshall73

    Joined:
    Apr 20, 2015
    #10
    Reason: They have oil, the USA sells them military equipment.
     
  11. Meister Suspended

    Meister

    Joined:
    Oct 10, 2013
    #11
    Which they give to ISIS ...
     
  12. A.Goldberg macrumors 68000

    A.Goldberg

    Joined:
    Jan 31, 2015
    Location:
    Boston
    #12
    Included in the same article...
    I read a similar article the a couple days also doubting that a sell off would happen due to the economic impact on Saudi Arabia. I doubt it will happen. I'm sure the US would retaliate with their own methods of economic games.

    If Saudi Arabia is threatening to withhold assets, it sounds borderline like admission of guilt on some level. In 2003 SA wanted this info released. At the same time, it seems like everyone pretends to already know what the 28 pages say. I grew up in Connecticut outside of NYC, I know many people affected by 9/11 directly. My father was in NYC on 9/11 and worked 10-15 minutes away (walking). I have some trouble understanding why "victim's families" care so much about this report to be honest, especially a decade and a half later (actually I don't know any demanding the release).

    As a result of 9/11 we've already started wars in Iraq and Afghanistan, as well as other military operations- and lets face it the Middle East is a mess because of it than thousands upon thousands more have died. Given the current state of the Middle East is now a good time to play politics with releasing this information? I'm have no idea. The only apparent benefit to releasing the information everyone seems to already know is victims might be able to sue Saudi Arabia/involved foreign governments for damages. But good luck with that.
     
  13. Jess13 Suspended

    Jess13

    Joined:
    Nov 3, 2013
    #13
    Treason Against the United States.

    According to LaRouchePAC piece from a few hours ago, that, like 28 pages, is secret:


    Declassify the 28 Pages

     
  14. obeygiant macrumors 68040

    obeygiant

    Joined:
    Jan 14, 2002
    Location:
    totally cool
    #14
    Is the bill that would allow the Saudi government to be held responsible for 9/11 a different issue than declassifying the 28 pages? Because if the world knew the truth that would be a refreshing change.
     
  15. jkcerda macrumors 6502

    jkcerda

    Joined:
    Jun 10, 2013
    Location:
    Criminal Mexi Midget
    #15
    the world can't handle the truth.
     
  16. Renzatic Suspended

    Renzatic

    Joined:
    Aug 3, 2011
    Location:
    Gramps, what the hell am I paying you for?
    #16
    More like "the world can't handle an official acknowledgement of what it already knows."
     
  17. jkcerda macrumors 6502

    jkcerda

    Joined:
    Jun 10, 2013
    Location:
    Criminal Mexi Midget
    #17
    pretty much, easier to think we are not committing genocide to prop up the dollar :eek:
     
  18. Renzatic Suspended

    Renzatic

    Joined:
    Aug 3, 2011
    Location:
    Gramps, what the hell am I paying you for?
    #18
    Or looking the other way when it comes and bites us in the ass.
     
  19. jkcerda macrumors 6502

    jkcerda

    Joined:
    Jun 10, 2013
    Location:
    Criminal Mexi Midget
    #19
    we are the "good guys", how DARE anyone retaliate?
     
  20. thewap macrumors demi-god

    thewap

    Joined:
    Jun 19, 2012
    #20
    Without the USA The Saudis would cease to exist...or we could always not provide parts and maintenance to the fighter jets we provide them.

    Boy who cried wolf.
     
  21. Renzatic Suspended

    Renzatic

    Joined:
    Aug 3, 2011
    Location:
    Gramps, what the hell am I paying you for?
    #21
    Who would've thought that buying a rabid doberman as a guard dog would've had consequences?
    --- Post Merged, Apr 18, 2016 ---
    We have the greater advantage, sure, but they have enough of our short and curlies in hand that it'd sting pretty badly if they decided to yank back one day.

    ...man, gotta love those graphic analogies.
     
  22. jkcerda macrumors 6502

    jkcerda

    Joined:
    Jun 10, 2013
    Location:
    Criminal Mexi Midget
    #22
    Killad Kadaffy duck over the petro dollar, we are looking to kill/remove Assad over the same thing, plenty of brown people dead just to keep up the petrodollar going, if the Saudis go so do we economically.
     
  23. aaronvan Suspended

    aaronvan

    Joined:
    Dec 21, 2011
    Location:
    República Cascadia
    #23
    Obama is traveling to Saudi Arabia this week to pay fealty to the Saudi king (how low will he bow?), apologize for the 9/11 controversy, and assure the Saudi crime family that the American people will never see the unreacted 9/11 report.
     
  24. thewap macrumors demi-god

    thewap

    Joined:
    Jun 19, 2012
    #24
    I don't think the US is that dependent on saudi oil anymore -
     
  25. jkcerda macrumors 6502

    jkcerda

    Joined:
    Jun 10, 2013
    Location:
    Criminal Mexi Midget
    #25
    we only get 16% from the M-E, oil "dependency" has NEVER been the issue, the petrodollar is the issue
    .
     

Share This Page