Petrodollar party over? Saudi Arabia suspends investments in US due to Trump - WSJ

South Front
Sat, 17 Dec 2016 00:00 UTC

Saudi Arabia has suspended its investments in the US so long as Riyadh finds out out how to work with the new US administration.

Saudi Arabia is going to rethink its "financial strategy" toward the US due to several factors, one of which is the election of billionaire Donald Trump as the country's president, the Wall Street Journal reported, citing informed sources.

Riyadh will suspend its investment in the economy also due to changes in the US law, in particular, due to adoption of a bill by the Senate and the US Congress, which authorizes to prosecute states, which support terrorist activities on the territory of the US. According to the US government, Saudi Arabia is among such countries.

The Saudi sovereign fund has already suspended investments until the day comes when Riyadh finds out consequences, which may be caused by the approval of this bill, and figure out how to work with the new US administration.

According to the sources of the Wall Street Journal, the country's authorities also contemplate initial public offering (IPO) of the Saudi largest state-owned oil company Saudi Aramco not only on the New York Stock Exchange, but also on the London Stock Exchange. This can happen in the next year or in 2018. The floatation of the company on the stock exchanges can attract $100 billion.

Representatives of the Saudi sovereign fund and Saudi Aramco declined to comment on this information.

Trump himself supported the adoption of this bill. The billionaire warned acting US President Barack Obama that if he put a veto on this bill, it will be "one of the worst moments of his presidency."

On October 1, the first lawsuit since the adoption of the law, which caused a controversy between Saudi Arabia and the US, was filed by American Stephanie Ross DeSimone, whose husband lost his life during the terrorist attacks on September 11, 2001.

Riyadh warned the Obama's administration that Saudi Arabia will sell the US assets valued at $750 billion, owned by the kingdom, in order to avoid their freeze, if Washington takes this law. The Saudi authorities have repeatedly rejected suspicions that terrorists received assistance from people, connected with the official authorities of the country.

Last week, the AP news agency reported that Trump closed a number of companies, among which may be several ones, associated with Saudi Arabia. The news agency noted that it was made in order to "avoid potential conflicts of interests" after the Trump's inauguration. However, a representative of the billionaire said that it was an optimization of business.

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Reader Comments

forestkitty · 2016-12-18T00:50:04Z

that's a very good thing. and now the middle east can wed europe.

mumbo_jumbo · 2016-12-18T01:34:38Z

insanity continues.

"citing informed sources"

I call bullshit. I for one don't believe anything any more......."hands up, don't shoot" yeah right, I've been played a fool for too long.

Fuck the Saudis

FireH20 · 2016-12-18T01:43:26Z

Who will buy 750billion assets?

this is a good thing to cut ties with the house of saud!

I just wonder who, what country can buy the assets they want to sell?
isreal? (we support them)
iraq(we support them)
.... well, we will see i dont know enuff to say who could buy the assets....

system · 2016-12-18T01:55:00Z

Oh well, there goes the petro dollar nest egg. Fire up the fema camps, and agenda 21 urban coastal 'sanctuaries'.
...i just wonder what happened to that fort knox gold that's absence required a marriage to the hip with desert neanderthals?

baron · 2016-12-18T05:17:29Z

That Avatar...LOL! Only in America Right?

Lets go back to the Saudi's; like the Saudi's have any say in it: Please, this is acting! Their entire country is a proxy colony of the Bilderberg Nato Empire. Who does this clown Kerry think he's fooling? Just a jackass el supreme'0.

This is the first step to plant a dagger in the backside of President Elect Trump before he gets in office. Ya know it's like how about we do what we should have done on 9/12/2001, but no, instead they are going to do what's right just before the financial armagedon they know is here, and they know that because that was the primary objective of 9/11.

The attack on the United States on 9/11 was intentionally designed so as to lay out the needed framework for the foundations that would ultimately result in a financial collapse. This collapse was necessary because of debts held against banksters whom have no real money to backup the debts they owe to pension funds, as well as to many other things, and the way to get out from underneath these debts was to engineer a suitable pretext whereby a future conflict between the petrol holding country, ie Saudi Arabia (which our monetary system is now founded upon), and this excuse of a legal entanglement where by the Saudi's could be held liable for events of that day financially.

See all the pieces of the puzzle are coming home to roost and crap in the chicken coop. Are you following this? So the evidence involving a link to the Saudi's was necessary in order to facilitate this day when they could be then be held accountable...right...like they were the one's...and so on this prextext then the puppets there could use this legality to excuse themselves from their role in the petro-dollar scheme. Thereby bringing to a head the collapse of the dollar. Make Sense?

Now let's think about cancelling debts. Most of us peons out here in Lala Land don't know too much about cancelling debts. Now the way to cancel a debt and be sure it's cancelled is to cancel the policy holder. Are you following this? This is what wars are all about generally speaking. The bonus part to war making is looting, specifically looting the dead, like say their bank accounts which go to the state often enough. So my point is that in war is profit, well profit for the right people, and you're probably not one of these right people.

I like watching the near death testimonies on [Link] and on:[Link]

bbrebozo

I can see this coming soon to a country near you. Anyone who does not comply will be accused of violating someone else's rights.

ReRan

Play in the dirt you're gonna get dirty. Quit whining and take your well-deserved lumps. LOL

redrock12

Ukrainian President Vladimir Zelensky [Link]

Ah, the old game of who's dick is bigger. Poth parties came out of the pool, looked down and said, let's do this later.

Chicken Farmer

Puppet Masters

Petrodollar party over? Saudi Arabia suspends investments in US due to Trump - WSJ

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