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113 Posts.

21/05/17

19:08

Post #: 24821883
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Originally posted by 23skidoo ↑

"Trump is no fool and he KNOWS what Saudi Arabi is like! He just took $150 Billion off them!"

I'm willing to bet that this $150 billion is coming from the Saudi petrodollar reserves, which are just US Treasury bonds held by the Sauds as payment for past oil sales to the US.
Treasuries are just US Gov't IOUs.
In effect this means that the Saudis are forcing the US Treasury to create $150 billion to inject back into the US economy. Of course the Saudi petrodollar account gets written down by the same amount, but with China its biggest oil customer now, the Saudis might not be too concerned. With their war against Yemen in full swing, the Saudis can see no better use for those US Treasury IOUs.
23.

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Yes i think your probably right.
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