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Posted: 4/19/2016 10:37:47 PM EDT

http://www.cnbc.com/2016/04/19/saudi-arabia-takes-out-10bn-in-bank-loans.html

"Saudi Arabia is raising $10bn from a consortium of global banks as the kingdom embarks on its first international debt issuance in 25 years to counter dwindling oil revenues and reserves."...[more]
Link Posted: 4/19/2016 10:41:33 PM EDT
Originally Posted By IAMLEGEND:

http://www.cnbc.com/2016/04/19/saudi-arabia-takes-out-10bn-in-bank-loans.html

"Saudi Arabia is raising $10bn from a consortium of global banks as the kingdom embarks on its first international debt issuance in 25 years to counter dwindling oil revenues and reserves."...[more]
View Quote


Meaningless posturing.
Link Posted: 4/19/2016 10:44:01 PM EDT
Link Posted: 4/19/2016 10:44:28 PM EDT
Let us know when they get into the trillions. Ain't nobody gonna beat us.



Link Posted: 4/19/2016 10:45:27 PM EDT
It will be my dream to see them impoverished and starving.

Those animals drink the blood of Americans and Israelis.
Link Posted: 4/19/2016 10:48:11 PM EDT
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Originally Posted By krpind:


That makes you wonder what their end game is? Make it until someone other than obama is in the WH?
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Originally Posted By krpind:
Originally Posted By IAMLEGEND:

http://www.cnbc.com/2016/04/19/saudi-arabia-takes-out-10bn-in-bank-loans.html

"Saudi Arabia is raising $10bn from a consortium of global banks as the kingdom embarks on its first international debt issuance in 25 years to counter dwindling oil revenues and reserves."...[more]


That makes you wonder what their end game is? Make it until someone other than obama is in the WH?

Probably starve out the Iranians.

Since Obama has let the Iranians do whatever they want, the Saudis have realized they have to be the adults in the Middle East and are using economic warfare to stifle Iran's nuclear ambitions.
Link Posted: 4/19/2016 10:49:41 PM EDT
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Originally Posted By GreenBastard:
It will be my dream to see them impoverished and starving.

Those animals drink the blood of Americans and Israelis.
View Quote
They're dying, Jim.


Link Posted: 4/19/2016 10:50:22 PM EDT
Link Posted: 4/19/2016 10:50:53 PM EDT
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Originally Posted By GreenBastard:
It will be my dream to see them impoverished and starving.

Those animals drink the blood of Americans and Israelis.
View Quote


I could give a fuck about the latter, but I share the sentiment that I'd like to see those backward Arab fucks starving and destitute. Let them eat sand and oil.
Link Posted: 4/19/2016 10:51:22 PM EDT
I wonder how much food they produce domestically.
Link Posted: 4/19/2016 10:52:06 PM EDT
[Last Edit: 4/19/2016 10:54:34 PM EDT by CBags04]
1 Have 10 billion sitting around
2 Buy long dated oil calls with that money
3 Cut oil production, watch oil shoot to $100
4 Buy more Bugatti's
Link Posted: 4/19/2016 10:52:27 PM EDT
They won't be satisfied until they've totally moth balled our domestic capabilities. Never been done before. Fucking Russia and Iran is a nice bonus.
Link Posted: 4/19/2016 10:54:14 PM EDT
[Last Edit: 4/19/2016 10:55:23 PM EDT by MK262]
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Originally Posted By GarandM1:

Probably starve out the Iranians.

Since Obama has let the Iranians do whatever they want, the Saudis have realized they have to be the adults in the Middle East and are using economic warfare to stifle Iran's nuclear ambitions.
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Originally Posted By GarandM1:
Originally Posted By krpind:
Originally Posted By IAMLEGEND:

http://www.cnbc.com/2016/04/19/saudi-arabia-takes-out-10bn-in-bank-loans.html

"Saudi Arabia is raising $10bn from a consortium of global banks as the kingdom embarks on its first international debt issuance in 25 years to counter dwindling oil revenues and reserves."...[more]


That makes you wonder what their end game is? Make it until someone other than obama is in the WH?

Probably starve out the Iranians.

Since Obama has let the Iranians do whatever they want, the Saudis have realized they have to be the adults in the Middle East and are using economic warfare to stifle Iran's nuclear ambitions.


http://foreignpolicy.com/2016/04/18/to-punish-http://foreignpolicy.com/2016/04/18/to-punish-iran-saudis-scuttle-oil-freeze-plan/

Except their plans to starve out the Iranians are failing and it's leading the Saudis to financial ruin. Lol
Link Posted: 4/19/2016 10:54:18 PM EDT
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Originally Posted By krpind:


Yeah I know, but what is the end game? They can't do it forever. It is either war or bankruptcy. You would think it would be war when they had money vs when they are broke.
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Originally Posted By krpind:
Originally Posted By GarandM1:
Originally Posted By krpind:
Originally Posted By IAMLEGEND:

http://www.cnbc.com/2016/04/19/saudi-arabia-takes-out-10bn-in-bank-loans.html

"Saudi Arabia is raising $10bn from a consortium of global banks as the kingdom embarks on its first international debt issuance in 25 years to counter dwindling oil revenues and reserves."...[more]


That makes you wonder what their end game is? Make it until someone other than obama is in the WH?

Probably starve out the Iranians.

Since Obama has let the Iranians do whatever they want, the Saudis have realized they have to be the adults in the Middle East and are using economic warfare to stifle Iran's nuclear ambitions.


Yeah I know, but what is the end game? They can't do it forever. It is either war or bankruptcy. You would think it would be war when they had money vs when they are broke.


It's interesting for sure. However, I'm not convinced that's the whole game.
Link Posted: 4/19/2016 10:55:33 PM EDT
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Originally Posted By Flatland:
They won't be satisfied until they've totally moth balled our domestic capabilities. Never been done before. Fucking Russia and Iran is a nice bonus.
View Quote

My fear is Russia will throw down over it. Maybe in an ugly, risky, big way.

Link Posted: 4/19/2016 10:58:40 PM EDT
Maybe they're renting a bigger army with the loaned coin? Be too bad if their cities started burning, couldn't happen to nicer folks.

I hope the Saudis and Iranians Ctrl Alt Delete each other. The world would be a much better place.
Link Posted: 4/19/2016 10:58:43 PM EDT
[Last Edit: 4/19/2016 11:00:49 PM EDT by Paul]
Link Posted: 4/19/2016 11:01:27 PM EDT
Link Posted: 4/19/2016 11:01:54 PM EDT
Link Posted: 4/19/2016 11:09:20 PM EDT
[Last Edit: 4/19/2016 11:13:28 PM EDT by krpind]
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Originally Posted By MK262:


I could give a fuck about the latter, but I share the sentiment that I'd like to see those backward Arab fucks starving and destitute. Let them eat sand and oil.
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Originally Posted By MK262:
Originally Posted By GreenBastard:
It will be my dream to see them impoverished and starving.

Those animals drink the blood of Americans and Israelis.


I could give a fuck about the latter, but I share the sentiment that I'd like to see those backward Arab fucks starving and destitute. Let them eat sand and oil.



Removed...krp
Link Posted: 4/19/2016 11:12:12 PM EDT
Link Posted: 4/19/2016 11:13:39 PM EDT
[Last Edit: 4/19/2016 11:16:06 PM EDT by krpind]
removed...krp
Link Posted: 4/19/2016 11:14:43 PM EDT
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Originally Posted By PewPewPew1212:



This guy a dual citizen or something?
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Originally Posted By PewPewPew1212:
Originally Posted By Bolboda:
Originally Posted By MK262:
Originally Posted By GreenBastard:
It will be my dream to see them impoverished and starving.

Those animals drink the blood of Americans and Israelis.


I could give a fuck about the latter, but I share the sentiment that I'd like to see those backward Arab fucks starving and destitute. Let them eat sand and oil.



......XXXXXXX......



This guy a dual citizen or something?

Don't quote him, krpind is editing it out so we don;t have a lock.

Link Posted: 4/19/2016 11:18:58 PM EDT
Link Posted: 4/19/2016 11:25:20 PM EDT
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Originally Posted By IAMLEGEND:

My fear is Russia will throw down over it. Maybe in an ugly, risky, big way.

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Originally Posted By IAMLEGEND:
Originally Posted By Flatland:
They won't be satisfied until they've totally moth balled our domestic capabilities. Never been done before. Fucking Russia and Iran is a nice bonus.

My fear is Russia will throw down over it. Maybe in an ugly, risky, big way.



Let them. As long as it stays on the other side of the globe, no fucks given
Link Posted: 4/19/2016 11:28:19 PM EDT
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Originally Posted By Flatland:
They won't be satisfied until they've totally moth balled our domestic capabilities. Never been done before. Fucking Russia and Iran is a nice bonus.
View Quote


That's why we need Trump. It's time to play hardball.
Link Posted: 4/19/2016 11:29:51 PM EDT
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Originally Posted By krpind:


That makes you wonder what their end game is? Make it until someone other than obama is in the WH?
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Originally Posted By krpind:
Originally Posted By IAMLEGEND:

http://www.cnbc.com/2016/04/19/saudi-arabia-takes-out-10bn-in-bank-loans.html

"Saudi Arabia is raising $10bn from a consortium of global banks as the kingdom embarks on its first international debt issuance in 25 years to counter dwindling oil revenues and reserves."...[more]


That makes you wonder what their end game is? Make it until someone other than obama is in the WH?


Especially when most of the Royal family are billionairs.
Link Posted: 4/19/2016 11:30:36 PM EDT
[Last Edit: 4/19/2016 11:32:10 PM EDT by Flatland]
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Originally Posted By krpind:


You have it backwards.

Our oil is here and it isn't going away. If we produce it tomorrow or 20 years from now, it doesn't matter. No one is going to drink our milkshake.
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Originally Posted By krpind:
Originally Posted By Flatland:
They won't be satisfied until they've totally moth balled our domestic capabilities. Never been done before. Fucking Russia and Iran is a nice bonus.


You have it backwards.

Our oil is here and it isn't going away. If we produce it tomorrow or 20 years from now, it doesn't matter. No one is going to drink our milkshake.


Perhaps. I just remember the how they c i l l ed the wildcatters here in the '80s. Ramping production is no small feat. People tend to forget that that ramping up started in '05-'06 and broke the SA back in '14 going into '15. Almost a decade. I believed they called it the largest wealth transfer in the history of man.

SA is no friend to us. I remember their oil minister saying at the peak "Americans should have to go to a pharmacy to buy oil by the quart, they should stay home and watch TV like the rest of the world." To paraphrase what that cockersucker said.

Historical chart. You may be O&G and I don't mean to insult. But muh feelz says we are target #1. They are threatening a US bond market dump this week.

http://www.macrotrends.net/1369/crude-oil-price-history-chart

Edit for IPA
Link Posted: 4/19/2016 11:32:34 PM EDT
10 billion for them is like the US taking out a loan for 1 million. Doesn't mean shit.
Link Posted: 4/19/2016 11:32:41 PM EDT
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Originally Posted By MK262:


I could give a fuck about the latter, but I share the sentiment that I'd like to see those backward Arab fucks starving and destitute. Let them eat sand and oil.
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Originally Posted By MK262:
Originally Posted By GreenBastard:
It will be my dream to see them impoverished and starving.

Those animals drink the blood of Americans and Israelis.


I could give a fuck about the latter, but I share the sentiment that I'd like to see those backward Arab fucks starving and destitute. Let them eat sand and oil.


This explains a lot. A lot.
Link Posted: 4/19/2016 11:34:27 PM EDT
[Last Edit: 4/19/2016 11:35:49 PM EDT by Flatland]
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Originally Posted By IAMLEGEND:

My fear is Russia will throw down over it. Maybe in an ugly, risky, big way.

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Originally Posted By IAMLEGEND:
Originally Posted By Flatland:
They won't be satisfied until they've totally moth balled our domestic capabilities. Never been done before. Fucking Russia and Iran is a nice bonus.

My fear is Russia will throw down over it. Maybe in an ugly, risky, big way.



Honestly, I don't know what to think of that contingency.

My drunk gut says good as long as we aren't moth balled at that point. And we don't spill our blood over it.
Link Posted: 4/19/2016 11:38:26 PM EDT
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Originally Posted By MK262:


I could give a fuck about the latter, but I share the sentiment that I'd like to see those backward Arab fucks starving and destitute. Let them eat sand and oil.
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Originally Posted By MK262:
Originally Posted By GreenBastard:
It will be my dream to see them impoverished and starving.

Those animals drink the blood of Americans and Israelis.


I could give a fuck about the latter, but I share the sentiment that I'd like to see those backward Arab fucks starving and destitute. Let them eat sand and oil.

Agreed.
Link Posted: 4/19/2016 11:51:33 PM EDT
Calling All Bankers for Help Managing $2 Trillion Saudi Fund

Saudi Arabia’s Public Investment Fund is seeking to recruit senior bankers to help the kingdom run what may become the world’s largest sovereign wealth fund, according to people with knowledge of the matter.

The fund, which holds about $100 billion worth of stakes in local companies, is working with U.S.-based executive search firm Korn Ferry International to hire for positions including the head of private equity, head of real estate, head of risk management and the head of markets, the people said, asking not to be identified because the matter is private. The fund is seeking the most experienced international candidates, they said.

Saudi Arabia is preparing itself for the twilight of the oil age by expanding the PIF so it eventually controls more than $2 trillion, Deputy Crown Prince Mohammed bin Salman said in an interview earlier this month. The country will sell shares in Saudi Arabian Oil Co.’s parent company, or Aramco, and transfer these to the fund, technically making investments the source of Saudi government revenue, not oil, according to the prince.

Korn Ferry declined to comment.
Link Posted: 4/20/2016 1:26:37 AM EDT
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Originally Posted By 1911SFOREVER:


This explains a lot. A lot.
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Originally Posted By 1911SFOREVER:
Originally Posted By MK262:
Originally Posted By GreenBastard:
It will be my dream to see them impoverished and starving.

Those animals drink the blood of Americans and Israelis.


I could give a fuck about the latter, but I share the sentiment that I'd like to see those backward Arab fucks starving and destitute. Let them eat sand and oil.


This explains a lot. A lot.


I'm American, not Israeli.

Link Posted: 4/20/2016 1:46:24 AM EDT
Link Posted: 4/20/2016 1:59:32 AM EDT
Fuck SA.

I hope the royal palaces are burnt to the ground. The only thing that would make me happier is if a terrorist flew planes into their buildings.
Link Posted: 4/20/2016 2:18:16 AM EDT
To go from a creditor nation to a debtor nation. Sounds like a move in the right direction.
Link Posted: 4/20/2016 2:50:04 AM EDT
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Originally Posted By callgood:
Saudi Arabia is preparing itself for the twilight of the oil age
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20 years from now, we'll all be driving hovercars that run on unicorn dung.
Link Posted: 4/20/2016 6:01:06 AM EDT
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Originally Posted By MK262:


http://foreignpolicy.com/2016/04/18/to-punish-http://foreignpolicy.com/2016/04/18/to-punish-iran-saudis-scuttle-oil-freeze-plan/

Except their plans to starve out the Iranians are failing and it's leading the Saudis to financial ruin. Lol
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Originally Posted By MK262:
Originally Posted By GarandM1:
Originally Posted By krpind:
Originally Posted By IAMLEGEND:

http://www.cnbc.com/2016/04/19/saudi-arabia-takes-out-10bn-in-bank-loans.html

"Saudi Arabia is raising $10bn from a consortium of global banks as the kingdom embarks on its first international debt issuance in 25 years to counter dwindling oil revenues and reserves."...[more]


That makes you wonder what their end game is? Make it until someone other than obama is in the WH?

Probably starve out the Iranians.

Since Obama has let the Iranians do whatever they want, the Saudis have realized they have to be the adults in the Middle East and are using economic warfare to stifle Iran's nuclear ambitions.


http://foreignpolicy.com/2016/04/18/to-punish-http://foreignpolicy.com/2016/04/18/to-punish-iran-saudis-scuttle-oil-freeze-plan/

Except their plans to starve out the Iranians are failing and it's leading the Saudis to financial ruin. Lol

They're fucked either way. If Prices go back up, American prodiction becomes a big factor again and they'll lose more money.
Link Posted: 4/20/2016 6:22:42 AM EDT
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Originally Posted By 1cheapshot:
To go from a creditor nation to a debtor nation. Sounds like a move in the right direction.
View Quote


They've never really been a creditor nation--they are a welfare state, and are trying anything to keep the money flowing, because that is all that keeps the lid on.
Link Posted: 4/20/2016 7:26:38 AM EDT
Have to pay all those TCNs somehow, lord knows the individual Saudi isn't going to ever actually work.
Link Posted: 4/20/2016 7:43:22 AM EDT
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Originally Posted By Con-Sol:
Have to pay all those TCNs somehow, lord knows the individual Saudi isn't going to ever actually work.
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I love your insight on just how worthless the Saudi population is.
Link Posted: 4/20/2016 7:49:54 AM EDT
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Originally Posted By Skibane:


20 years from now, we'll all be driving hovercars that run on unicorn dung.
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Originally Posted By Skibane:
Originally Posted By callgood:
Saudi Arabia is preparing itself for the twilight of the oil age


20 years from now, we'll all be driving hovercars that run on unicorn dung.


Peak unicorn shit?
Link Posted: 4/20/2016 9:01:16 AM EDT
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Originally Posted By scotchymcdrinkerbean:


They've never really been a creditor nation--they are a welfare state, and are trying anything to keep the money flowing, because that is all that keeps the lid on.
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Originally Posted By scotchymcdrinkerbean:
Originally Posted By 1cheapshot:
To go from a creditor nation to a debtor nation. Sounds like a move in the right direction.


They've never really been a creditor nation--they are a welfare state, and are trying anything to keep the money flowing, because that is all that keeps the lid on.


Yup. They "bribe" their populace with oil money.
Link Posted: 4/20/2016 9:04:04 AM EDT
Holy sh*t!

I still think the House of Saud will be history by the end of this year.
Link Posted: 4/20/2016 9:14:10 AM EDT
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Originally Posted By Skillshot:
I wonder how much food they produce domestically.
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Link Posted: 4/20/2016 9:24:16 AM EDT
Once the welfare handouts in SA stop, unrest begins and eventual revolt. Those peasants over there got nothing else to lose and the royals know this. Borrowing money along with what is essentially an IPO of Saudi Aramco? Yeah, the royals are selling off everything they can to get as much cash as possible and they will get the hell out of there once the unrest gets feisty. I told a friend of mine a while back I expect to see SA as a nation fall in my lifetime, he didn't believe me. Jeez man, obvious clues are obvious.
Link Posted: 4/20/2016 9:26:29 AM EDT
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Originally Posted By GreenBastard:
It will be my dream to see them impoverished and starving.

Those animals drink the blood of Americans and Israelis.
View Quote



pretty much this
Link Posted: 4/20/2016 9:43:02 AM EDT
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Originally Posted By CBags04:
I love your insight on just how worthless the Saudi population is.
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Originally Posted By CBags04:
Originally Posted By Con-Sol:
Have to pay all those TCNs somehow, lord knows the individual Saudi isn't going to ever actually work.
I love your insight on just how worthless the Saudi population is.




KSA has a heap of problems. One of them is a large,poor and unhappy underclass,many of whom are Shia.


Link Posted: 4/20/2016 9:59:31 AM EDT
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Originally Posted By MK262:
Originally Posted By 1911SFOREVER:
Originally Posted By MK262:
Originally Posted By GreenBastard:
It will be my dream to see them impoverished and starving.

Those animals drink the blood of Americans and Israelis.


I could give a fuck about the latter, but I share the sentiment that I'd like to see those backward Arab fucks starving and destitute. Let them eat sand and oil.


This explains a lot. A lot.


I'm American, not Israeli.

http://3.bp.blogspot.com/-y9uqIRzfTno/VDukDZyni5I/AAAAAAAAAAc/5cY5PvSLg-c/s1600/reservoir%2Bdogs%2Btipping%2Bscene%2Bpic.jpeg


I had you pegged as a Persian.
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