Saudi Arabia’s holdings of U.S. taxpayer debt have finally been revealed after four decades of secrecy.
The U.S. Treasury disclosed that the Middle Eastern country has $116.8 billion in treasury bonds, making it the 13th biggest foreign owner of federal debt, according to a report in USA Today.
“Saudi Arabia's holdings fall well behind giants like China and Japan with holdings valued at $1.2 trillion and $1.1 trillion respectively,” the newspaper reports.
The disclosure comes at a time when relations between the U.S. and the oil-rich nation are showing signs of strain. The U.S. Senate on Tuesday unanimously passed controversial legislation that would allow the families of 9/11 victims to sue foreign nations if they are found to be responsible for terror attacks on U.S. soil.
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6 comments:
seize there assets.
It's no big deal if they sell their treasuries. The private Federal Reserve Bank will buy them with worthless dollars like most of our debt. There's no true cost of lending anymore in this manipulated market.
That would be a cheap write-off. We've let the Saudis slide for way too long. And President Bush was no saint in this regard. He and the Saudis spoke the same language: oil.
Grab there funds.
Saudis definitely need to pay out or settle with Usa
How much does the Saudi's owe the US for the cost of developing / installing / operating their fresh water plants that pump out the sea water and treat it to be drinkable water?
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