Saudi Arabia threatens to tank US economy

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Saudis threaten to sell $750 billion US assets if Congress passes bill that would let 9/11 victims sue Saudi Arabia



Saudi Arabia threatened to sell up to $750 billion worth of US assets held by the Kingdom if Congress passes a bill that would allow the Saudi government to be sued over 9/11, reports The New York Times' Mark Mazzetti.

Saudi Foreign Minister, Adel al-Jubeir, personally passed on the message last month during a trip to Washington, according to The Times.

The foreign minister was referring to the Justice Against Sponsors of Terrorism Act, (JASTA) which would let victims of 9/11 and other terrorist acts sue foreign sponsors of terrorism.

As Vice News noted when it was reintroduced in September, the Senate bill would pave the way for a lawsuit to proceed over Saudi Arabia's alleged role in the 9/11 terror attacks.

Saudi Arabia has been arguing that it's immune from liability over 9/11 under a 1976 law that makes it difficult to sue foreign countries in US courts. However, the JASTA legislation would allow victims of terrorism on US soil to sue foreign sponsors of terrorism.

The Obama administration has been lobbying Congress to block the bill's passage, administration officials and congressional aides from both parties told The Times. The administration argues that the legislation would put Americans at legal risk overseas.

Meanwhile, "the Saudi threats have been the subject of intense discussions in recent weeks between lawmakers and officials from the State Department and the Pentagon," writes Mazzetti. "The officials have warned senators of diplomatic and economic fallout from the legislation."

The Saudi government has routinely denied any involved in 9/11. Additionally, the 9/11 Commission found “no evidence that the Saudi government as an institution or senior Saudi officials individually funded the organization."

However, Mazzetti writes that suspicions about Saudi involvement have lingered because a 2002 inquiry from Congress cited evidence that Saudi officials living in the US were part of the 9/11 terror plot.


http://www.businessinsider.com/saudi-arabia-threatens-to-sell-us-assets-over-911-bill-2016-4
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So first, anyone that argues globalization keeps us safe, because our economies are all linked together, needs to also admit that it gives other countries massive leverage over us.

Second, you guys think maybe we will actually release the 9-11 pages, or maybe stop selling them weapons, or have we become a Cuck-nation?
 
i think this was more or less posted already.

anyways, saudi arabia threatening makes them look guilty. it's a lose-lose situation for them.

Didn't scroll past the first page. I was surprised I didn't see a thread TBH.
 
So first, anyone that argues globalization keeps us safe, because our economies are all linked together, needs to also admit that it gives other countries massive leverage over us.

So how about not selling national bonds to these hostile countries? or not buying their oil.
 
If Saudi Arabia is proven guilty with connections to 9/11 then that is a country NATO allies should go after.
 
So what about not selling national bonds to these hostile countries? or not buying their oil.

Selling bonds funds our government in many ways, so that is a no-go.

We don't really buy KSA's oil. So hurting them with their oil sales would require sanctions. Maybe if we release the 28 pages, we could get support for that, but not as things sit now.
 
if the assets in question are primarily treasuries, who is going to buy them at market rate? isnt the burden already on SA for already having purchased them?

Wont the fed buy excess treasuries to fulfill government needs? what will be the consequences of that? dollar index dropping a few basis points?
 
if the assets in question are primarily treasuries, who is going to buy them at market rate? isnt the burden already on SA for already having purchased them?

Wont the fed buy excess treasuries to fulfill government needs? what will be the consequences of that? dollar index dropping a few basis points?

My understanding here is that the assets in question, are actual companies that KSA owns.
 
Unless we're willing and able to run it better--which we're not--then no, thanks.

Agreed, I also don't want to do certain other countries work for them, anymore then we already do.

I would definitely support ending the sale of cluster bombs, and such, to kill dirt farmers in Yemen though.
 
LOL. We should just call their bluff.

"Vladimir, my oldest friend, may Allah grant you 1000 virgins!"

putin-salman-sword.jpg
 
No way the Saudis go through with it - Whose dollar are they going to replace USD with? China? Chinese have way too much invested in the Dollar to want to see it deflated. I am with Jack, call their bluff.

Fuck i wish they asked a question on this topic during a debate.
 
No way the Saudis go through with it - Whose dollar are they going to replace USD with? China? Chinese have way too much invested in the Dollar to want to see it deflated. I am with Jack, call their bluff.

Fuck i wish they asked a question on this topic during a debate.

It seems to me that whoever is in charge over there right now, thinks they can win in a game of chicken.

This has been escalating for quite some time now, and I think it has everything to do with Yemen and Syria.
 
If Saudi Arabia is proven guilty with connections to 9/11 then that is a country NATO allies should go after.

It's not like they all wouldn't have known about it already. It was decided to keep private. Why now? Public pressure?

This whole thing seems very odd.
 
i think this was more or less posted already.

anyways, saudi arabia threatening makes them look guilty. it's a lose-lose situation for them.


15 of 19 9/11 hijackers crashing planes into shit makes them look guilty. Holy shit.
 
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