Saudis to retrieve $360 billion abroad - the plot thickens

[FloridaPat]

Another of my favorite sites - www.whatreallyhappened.com. They get other news that doesn't show up in the normal places. Here's one about more economic trouble for us coming up real soon. Below the word "economy" is a comment from WRH. They're great on the comments.

the entire article is at: http://interestalert.com/brand/siteia.shtml?Story=st/sn/08070000aaa02f00.upi&Sys=rmmiller&Fid=WORLDNEW&Type=News&Filter=World%20News

"Saudi Arabia said Sunday it was working to bring back to the kingdom a total of $360 billion invested abroad in the last 18 months.
Posted Aug 7, 2005 03:24 PM PST
Category: ECONOMY

Oh yes, here is where US foreign policy is really gonna hit home.

According to THIS DOCUMENT, 60% of Saudi investment is in the US. If they pull the money across the board, then the portion slated to be pulled out of the US is $216 billion.

I note that the Saudi Government announced this right after the US delegation left. I wonder what the US delegation said that pissed the King off."

[indepat]

1. Oops! We can run massive deficits as long as others buy our paper, but

what happens should a major player or players commence to be net sellers?

[garthranzz]

3. We are mortgaged to the Saudis

Read John Loftus's book, The Secret War Against the Jews, to see how much of a Saudi puppet the Bush family is.

[Deja Q]

2. Compared to the $1 trillion or so they've invested, $216 bil is peanuts.

Pulling it all out would be a different story...

[enid602]

4. Saudi

I suspect the $216B is just meant to be a slap on the wrist, and a warning the shape up or ship out.

[Inland]

5. No, the margin is important. We've already spent the entirety

so anything coming back out is a problem. Americans can't give it back.

Furthermove, the rest of the world is getting tired of buying American assets too, so finding another buyer overseas is also a problem.

Depressing asset prices in America due to lack of demand is not good.

[Literate Tar Heel]

6. wonder if there's any relation

U.S. Embassy in Saudi Closes Over Threat

http://news.yahoo.com/s/ap/20050807/ap_on_re_mi_ea/saudi_us