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| Arabia |
United States freezes nearly 1 billiontrillion dollars in Saudi assets as tensions between old allies rise |
| 2022-10-27 |
| [HODHODYEMENNEWS] The United States on Wednesday froze huge Saudi assets in a new escalatory step between the two allies.US media reported Biden administration’s refusal to release assets and bonds belonging to the Saudi government, amounting to $987 billion, and placed the Saudi assets under the protection of the national security and economy of the United States. The Biden administration’s decision came after Riyadh threatened to sell bonds and assets in the United States if the US Congress approved the No Oil Producing and Exporting Cartels Act (NOPEC)’s resolution. The new crisis is the deepest in the history of the two countries’ relations since before Soddy Arabia ...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face... decided to reduce oil production in an unprecedented blow to Washington. The crisis widened with the widespread circulation of media reports on the Saudi Crown Prince’s mocking of Biden. |
| Posted by:Fred |
| #30 The site banner says this is from the Yemen News Agency. Jeepers children. When did y'all get so gullible? EC is right. The article is bogus. |
| Posted by: JHH 2022-10-27 18:38 |
| #29 Heh - ended up boosting the ruble. Biden won’t stop till we’re standing in the rubble. |
| Posted by: Big Brother Is Sniffing You 2022-10-27 16:37 |
| #28 Most of our wars are about upholding the petrodollar. Yup. This one was supposed to crush the ruble. It ended up boosting the rubble and crushing the euro, and it is now setting in motion the dollar’s long slide downward. |
| Posted by: Big Brother Is Sniffing You 2022-10-27 16:35 |
| #27 The article is bogus. |
| Posted by: European Conservative 2022-10-27 16:27 |
| #26 Well, we had a good run, didn’t we? True. 77 years is nothing to sniff at. But Sterling’s run came to an end and the dollar’s run is coming to an end too. |
| Posted by: Big Brother Is Sniffing You 2022-10-27 16:16 |
| #25 The end of the petrodollar will result in far fewer foreign wars for Americans to fight in. Most of our wars are about upholding the petrodollar. But don't worry. The CIA will be there with a color revolution. Just you wait. After all, overthrowing governments and killing people is what they are. |
| Posted by: Spike the Hairy6811 2022-10-27 16:11 |
| #24 I'm with you deacon, I doubt the fucker knows his name. |
| Posted by: Chris 2022-10-27 16:02 |
| #23 I honestly believe Biden has only a limited understanding of what is going on. He isn't making the decisions. |
| Posted by: Deacon Blues 2022-10-27 12:40 |
| #22 Repubs launch investigation! = op designed to give their Dem masters cover. |
| Posted by: Rex Mundi 2022-10-27 11:38 |
| #21 Don’t blame me, I’m buying dinars and gold! |
| Posted by: What Me Worry 2022-10-27 11:36 |
| #20 ECB is raising rates Saudis, Indians, other sovereigns are diversifying out of dollars Europeans are begging Africans for oil and gas supplies Saudis are joining the BRICS and will start using their alternative to SWIFT for settling trades … means that the dollar is about to begin its long march downward. Just like the British pound a century ago Well, we had a good run, didn’t we? |
| Posted by: Tyranysaurus Bucket9966 2022-10-27 11:34 |
| #19 ^^ just what I was about to say, Billy B. It's like this administration has sworn to alienate America and push its allies and enemies all together in a bloc that works towards de-fanging the USA for good. |
| Posted by: Dron66046 2022-10-27 11:32 |
| #18 Biden's energy freefall continues |
| Posted by: Skidmark 2022-10-27 11:15 |
| #17 You can say that again, regular Joe. The Saudis and the rest of the non-Euros are dumping dollars now, swapping them out for yuan Thank you, Brandon! |
| Posted by: Billy B 2022-10-27 11:10 |
| #16 Biden vows consequences for Saudi Arabia after OPEC+ decision |
| Posted by: Skidmark 2022-10-27 11:07 |
| #15 Thus ends the US Dollar as the standard global currency. Just watch. |
| Posted by: Regular joe 2022-10-27 11:06 |
| #14 OPEC+ oil output cut shows widening rift between Biden and Saudi royals |
| Posted by: Skidmark 2022-10-27 11:06 |
| #13 Thus ends the US Dollar as the standard global currency. Just watch. |
| Posted by: Regular joe 2022-10-27 11:06 |
| #12 ^ no shit, Al-Sherlock |
| Posted by: Billy B 2022-10-27 10:59 |
| #11 Saudi Energy Minister: Depleting Strategic Oil Reserve to ‘Manipulate Markets’ Could Be ‘Painful’ |
| Posted by: Skidmark 2022-10-27 10:56 |
| #10 Republicans launch an investigation into Biden's 'misuse' of emergency oil reserves to lower gas prices after talk of ban on fuel exports after Saudi rejected call to delay OPEC deal Impeach that degenerate shithead. Get him and his entire sick family the hell out of Washington. Kamala cannot be worse. |
| Posted by: Billy B 2022-10-27 10:50 |
| #9 Report: Saudi Prince MBS ‘Duped’ Joe Biden with Promise of Oil Production Spike |
| Posted by: Skidmark 2022-10-27 10:49 |
| #8 Shell's profits soar to £8.2billion in just three months - more than double the amount for the same period last year |
| Posted by: Skidmark 2022-10-27 10:37 |
| #6 No one f***s with a Biden in action.... |
| Posted by: Mercutio 2022-10-27 09:15 |
| #5 Biden Created a Secret Deal with Saudi Arabia to Lower Gasoline Prices Ahead of Midterm Election, Leading to Anger Over White House Feeling Double-Crossed |
| Posted by: Frank G 2022-10-27 08:51 |
| #4 Jerusalem Post report: The American attack on Saudi Arabia isn’t justified Al-Rai, Kuwait, October 14 US President Joe Biden formally launched the campaign against the Kingdom of Saudi Arabia by announcing last week that he is waiting for Congress to discuss sanctions against Riyadh. This comes against the backdrop of the recent OPEC+ decision to reduce oil production by two million barrels per day, and what was subsequently interpreted by Washington as indirect Saudi support for Moscow in its war against Ukraine. It is important to remember that, as we enter the midterm election season in the US, political flames tend to be fanned by American politicians. |
| Posted by: Slavising Unineting5672 2022-10-27 08:01 |
| #3 Only found 3 mentions of this significant story all in Arabic media. The story references US media reports. I’m usually pretty good at drilling down to sources. Anyone have recommendations to either official US or Saudi statements on this? Thanks … |
| Posted by: Slenter Panda4300 2022-10-27 07:48 |
| #2 The question now is: If we piss off 1 OPEC major player, do we piss off all of them, Killing 20% of our Oil Imports. What about Liberal Socialist Canada's (51%) and it dislikes of the USA . BTW: Saudi Arabia kingdom owns Motiva, America’s largest refinery, and ARAMCO took full control of Port Arthur, Texas, facility in 2017. Either way, WE the US Citizens are screwed. |
| Posted by: NN2N1 2022-10-27 07:46 |
| #1 ...And when a notional President DeSantis tries to repair the damage, he will be hysterically denounced as 'cozying up to tyrants'. Mike |
| Posted by: MikeKozlowski 2022-10-27 06:37 |