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KSA Threatens To Dump US Securities If Connected To 911

Discussion in 'The Stump' started by Poppy, Apr 16, 2016.

  1. Poppy

    Poppy grasshopper

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  2. Poppy

    Poppy grasshopper

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  3. Poppy

    Poppy grasshopper

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  4. Poppy

    Poppy grasshopper

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  5. Sloniksp

    Sloniksp Ставка

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    I'm afraid Obama will never pass this bill. Not because he's intimidated by the Saudi govt. but by the backlash the US may receive. Once US citizens start suing the Saudi govt. what's to stop others from around the world suing the US for say, Iraq, Yugoslavia. Lybia etc. ?

    A very slippery slope indeed....
     
  6. Slipdigit

    Slipdigit Good Ol' Boy Staff Member WW2|ORG Editor

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    Tell to KMA and hold their feet to the fire. We don't need Saudi oil anymore.
     
  7. Sloniksp

    Sloniksp Ставка

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    Agreed.
     
  8. Takao

    Takao Ace

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    It is and it isn't...

    If a Saudi national is sued in the US will the judgement be enforced by the Saudi court system. Likewise, if a US national is sued in Libya, will the US court system enforce the judgement.

    Then again, look how long it took Libya to pay up for Lockerbie, etc.
    http://www.cnn.com/2008/WORLD/africa/10/31/libya.payment/index.html?iref=topnews
     
  9. Sloniksp

    Sloniksp Ставка

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    You will receive no argument from me on the matter. I simply see this as a non starter and it will die at Obamas desk.
     
  10. Poppy

    Poppy grasshopper

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    Media spun up this story just before he left for the meeting.
    Which side would be more likely to have fanned those flames?
    I'm hoping it was the Republicans, because it is time KSA pays for its' terror contributions.
    Could be the Dems, trying to throw a scare into KSA and working it, even though there are no teeth. All bark, no bite.

    Either way, it is time for 3,000 dead (and their families) to be vindicated.
     
  11. LJAd

    LJAd Well-Known Member

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    Lawmakers = politicians or even worse :lawyers, whatever, until the pages are made public, one should believe nothing of what is claimed .Besides, Obama had 8 years to make the pages public ,and he didn't, thus why should he do it now ?

    The whole story is a witch-hunt against KSA,organized by the Democrats .
     
  12. bronk7

    bronk7 Well-Known Member

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    what exactly does it mean when they say they will ''sell American assets''? how does that all work? what does it involve? why do they 'have them' and what are the negative impacts on USA? thanks all replies
     
  13. lwd

    lwd Ace

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    The Saudis and for that matter the Chinese have bought a lot of US government bonds. If they dumped a lot of them on the market in a short period of time it would drop the price of said bonds which could have at least some short term negative impacts on the US (i.e. raising the effective rate of interest on new bonds). Of course they would also loose money in the sale as well. They also own a lot of stocks and corporate bonds.
     
  14. bronk7

    bronk7 Well-Known Member

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    great....what another mess this sounds like......
     
  15. lwd

    lwd Ace

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    Kind of a two edged sword. It gives them a vested interest in seeing our economy do well but also gives them some control over it. Also provides some leverage if they don't abide by international court rulings. That's one reason the Saudi's are threatening to sell it off I suspect. If a successful suite were brought those holdings would be at risk.
     
  16. Poppy

    Poppy grasshopper

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    It sounds complicated...why would a government allow other countries to buy their bonds
    - maybe only sell them to your own citizens/ business, or at least to countries we know we can trust.....why give another country the opportunity/tools to throw a hissy fit, then threaten the economy or put pressure on officials/business?
    Does the US buy Russian or Chinese gov bonds
     
  17. bronk7

    bronk7 Well-Known Member

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    we've screwed ourselves for years...no one has/had a backbone or cares...but mostly, big business and $ rules
     
  18. lwd

    lwd Ace

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    I'm not sure that one can really limit bond sales. Government bonds are sold on an open market. I'm also not sure that it's a bad idea, indeed the reverse is certainly possible.
     
  19. Ilhawk

    Ilhawk New Member

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    Please explain your rather vague statement.
     
    LJAd likes this.
  20. lwd

    lwd Ace

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    ??? What don't you understand? Looks perfectly clear to me.
     

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