Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars' worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the september 11, 2001, attacks.
The Obama administration has lobbied Congress to block the bill's passage, according to administration officials and congressional aides from both parties, and the Saudi threats have been the subject of intense discussions in recent weeks between lawmakers and officials from the State Department and the Pentagon. The officials have warned senators of diplomatic and economic fallout from the legislation.
Adel al-Jubeir, the Saudi foreign minister, delivered the kingdom's message personally last month during a trip to Washington, telling lawmakers that Saudi Arabia would be forced to sell up to USD 750 billion in treasury securities and other assets in the United States before they could be in danger of being frozen by American courts.
Several outside economists are skeptical that the Saudis will follow through, saying that such a sell-off would be difficult to execute and would end up crippling the kingdom's economy. But the threat is another sign of the escalating tensions between Saudi Arabia and the United States.
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Mostly huff and puff. They need us. It would be very hard to sell off all that stuff.
ReplyDeleteThey are really upset that they are not going to get another Bush puppet to manipulate.
ReplyDeleteI want to know who's going to hang for high treason for orchestrating this BS
ReplyDeleteWe don't need their oil if the Politians would get out of the way. We could take / confiscate all their bank accounts in the US. We could take / confiscate all their property they own in the US. That means oil refiners, farms, homes and condos / apartment buildings. The Saudi's include all Saudi Citizens and their Government. Then we should cut off all aide the US gives them, monetary, military, technology etc. They would shut up and hide because they would know they are on the loosing end. Let us see if the Politians have a strong or weak backbone.
ReplyDeleteThank you, CR 3:39! Once we get a LEADER in the WH,this will happen.
ReplyDeleteDonald J. Trump is the only LEADER in the running now.
VOTE TRUMP!