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posted by takyon on Sunday April 17 2016, @12:35AM   Printer-friendly
from the idle-threat dept.

The New York Times reports (and Yahoo! News repeats without any paywall) that the government of Saudi Arabia is threatening to sell $750 billion in treasury securities and other unidentified assets if Congress passes the Justice Against Sponsors of Terrorism Act. The bill would allow foreign governments to be sued by 9/11 victims and their families. The threat was issued by Saudi Arabian foreign minister Adel al-Jubeir to unnamed US lawmakers while he was visiting Washington sometime last month, on the grounds that these assets could be in danger of being frozen by US courts.


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  • (Score: 1) by khallow on Sunday April 17 2016, @04:33PM

    by khallow (3766) Subscriber Badge on Sunday April 17 2016, @04:33PM (#333313) Journal

    But... the real danger is the drop of USD as the base for petrodollar and World Reserve Currency. While it may well be a coincidence (do you think so?),

    It is a coincidence. The Iraqi war would have been too expensive in foresight to be justified on those terms (and the enormous profiteering potential from the war and aftermath would have dwarfed any finance side interests). Meanwhile the Libyan adventure was spurred by France who obviously doesn't have a stake in the petrodollar. Personally, I think it's a waste of time to attribute such mystical significant to money. It's just not that valuable even to an owner of a currency.