More Bad News for the (Out)House of Saud: Peace Talks Break Off With Houthis

More Bad News for the (Out)House of Saud: Peace Talks Break Off With Houthis

If the nearly fifteen year old skeletons of 9/11 were the only thing the Saudis had to worry about, that would be one thing. But as V the Guerrilla Economist reported in one of two short podcasts this week, the Saudis are now paying construction firms including the extended bin Ladin clan of supposed 9/11 plotter Osama bin Laden in IOUs. The liquidity crisis in terms of rising Saudi bond yields and higher costs to defend the riyal that many suspected would arrive in 2017 is already here, and the recent modest rebound in oil prices to about $50 a barrel from their late 2015 lows isn't helping much, primarily because Saudi cash burn remains so high...

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Dumping dollar assets the key to protecting onself from economic warfare

Last week Saudi Arabia, a long time friend and ally to the Washington cabal, issued an ultimatum to President Obama that should Congress succeed in passing legislation to un-classify and disseminate '28 pages' of the 9/11 Commission report which allegedly implicate the Royal family in playing a key role in the terror attacks, then they would respond by dumping more than $750 billion worth of Treasuries and other dollar assets.

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