You are such a psychopath that you have to make even the death of 17 children about you. America will regret the day you were ever born.
Back in January, when the market was watching in shocked silence as oil prices were crashing to decade lows and as concerns emerged that Saudi Arabia may need to commence selling its vast, if unquantified, USD reserves, we wrote a post titled "Attention Finally Turns To Saudi Arabia's "Secret" US Treasury Holdings" where we noted something very surprising: whereas we do know that Saudi Arabia is the owner of the world's third largest USD reserves...
... their actual composition remains as a secret, because while the US discloses the explicit Treasury holdings of all other nations, Saudi Arabia's holdings, for some unknown reason, are not officially disclosed.
"It’s a secret of the vast U.S. Treasury market, a holdover from an age of oil shortages and mighty petrodollars," Bloomberg wrote of Saudi Arabia’s US Treasury holdings.
"As a matter of policy, the Treasury has never disclosed the holdings of Saudi Arabia, long a key ally in the volatile Middle East, and instead groups it with 14 other mostly OPEC nations including Kuwait, the United Arab Emirates and Nigeria,” Bloomberg goes on to note, adding that the rules are different for almost everyone else. Although Saudi Arabia's "secret" is protected by "an unusual blackout by the U.S. Treasury Department," for more than a hundred other countries, from China to the Vatican, the Treasury provides a detailed breakdown of how much U.S. debt each holds."
So who does know how much US paper the Saudis are sitting on? Well, the Saudis of course,"a handful of Treasury officials," and some bureaucrats at the Fed, Bloomberg says, noting that “for everyone else, it’s a guessing game."
Yes, a “guessing game,” but one that will very soon have profound consequences for markets and for geopolitics.
We closed with a simple, if suddenly very prophetic question:
"who would be the new patron saint of the US Treasury Department in the event the Saudis drawdown all of their reserves and decide to diversify away from USD assets... Put differently, who will monetize the US deficit if relations between Washington and Riyadh hit the skids over Iran?"
It is this question that has suddenly reemerged with a bang, and could rock the US administration to its core as what until recently was a "fringe conspiracy theory" is suddenly exposed as an all too unpleasant fact, and becomes the biggest political scandal to rock the U.S. in years, in the process maybe even crushing the friendly diplomatic relations the U.S. has held for years with its biggest Mid-East ally, Saudi Arabia.
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First, a quick tangent: we have been greatly surprised by the reemergence of the topic of September 11 in recent weeks, and specifically the taboo - in official circles - issue whether there was a "Saudi connection" in the biggest terrorist attack on US soil. Just last weekend, out of the blue, 60 Minutes held segment on the "28 pages" that were classified in the Congressional investigative report into 9/11 - pages that allegedly confirm the Saudi connection.
Let ISIS take care of the Saudi slime balls.
Remember Gomer Pyle - Suprise, Suprise, Suprise!!!!!
Did all of you know this - if NOT here's your opportunity to find out:
Very interesting. I didn't have a clue about this. Thanks
Well guess they don't have anything to fear............we all know the present congress isn't going to do ANYTHING like that.
Congress is dead when it comes to looking out for US interest. Boy did we put a bunch of traders in Washington along with that muslim in the WH. Our only hope to save our country is, put Trump in office.
I have enough information to come to the conclusion, the globalists want hillary and hillary it will be.
All these years and it turns out - Washington has been more corrupt than we may ever know. But working Americans have been supporting the whole world but little for ourselves. Just wrong.
Saudi is panicking, running out of their own money, the "Kingdom" and "Royals" are in trouble, since the Old King died, the new one, has not be able to keep things in control. They have attempted to ruin the U.S. Energy Business, and did great harm. However, very few people realize how much Saudi money is involved in this Country. Ask Bank Of America or Wells-Fargo, etc. the list goes on & on. It is not a small amount of investment, by any means. Their decisions, and acts of desperation could cause the World great problems. They have ISIS in Yemen, right on their doorstep.
".....as what until recently was a "fringe conspiracy theory" is suddenly exposed as an all too unpleasant fact"
So it looks like conspiracy theories turn out to be true................& what about the S. Arabia connection to 911?
Hmmph! and they all called us tin foil hat wearers...
This is.laughable and dangerous. Let;s see how much air time this topic gets. Another social media project worth encountering and sharing.