US financial meltdown?

Discussion in 'Business and Finance' started by THALLON, Apr 17, 2016.

  1. THE Saudi Arabian government has threatened to sell off hundreds of billions of dollars’ worth of American assets should the US Congress pass a bill that could hold the kingdom responsible for any role in the September 11, 2001 attacks, the New York Times reports.
    The newspaper reported that Saudi foreign minister Adel al-Jubeir told US politicians last month that “Saudi Arabia would be forced
    to sell up to $US750 billion in Treasury securities and other assets in the United States before they could be in danger of being frozen by American courts.”

    Would such a big player exiting the US financial system could cause a run? Are they that big?
    though maybe nearly a trillion dollars is not that much anymore? last time I looked the US debt was about 17 trillion.
  2. Without the USA, Iran would overrun Saudi Arabia... it's all a bluff, and even if they do, we are the Saudi Arabia of coal. Sadly though, Pres Obama has closed a vast majority of the mines. God is in control. We'll be judged accordingly.

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