I did not realise Saudis could easily do this?
How much of this is due to the lawsuit that is being talked about against the Saudi’s by the families of the victims of 9/11 terrorist attack, and how much of this is due to the anti KSA feeling as reported in the US media?
What impact willl this have (if any) in the investment market?
It has helped it seems. Dow has been up since the announcement. They will be back, where else can they invest with profit.
Well other than asia or europe there own countries for a start!
And the dow was down not up after the announcement when somebody says they are withdrawing billions this has a negative effect not a positive one!
Markets are all up today, just like yesterday. No impact what so ever.
I say this IS a positive development.
The ONLY thing US and SA have in common is America's greed for oil, and SA royalty's greed for money.
It is time the US distances itself from this cruel and oppressive regime. With any foresight, US will wean itself off SA's oil. Perhaps then the citizens of SA will vent their unholy hatred and violece toward some other unlucky chaps.
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*Originally posted by Seminole: *
Perhaps then the citizens of SA will vent their unholy hatred and violece toward some other unlucky chaps.
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probably their own governments..thats what these sheikhs have been afraid of all along..
[QUOTE]
*Originally posted by Seminole: *
It is time the US distances itself from this cruel and oppressive regime. With any foresight, US will wean itself off SA's oil.
[/QUOTE]
Boy will I ever second that sentiment. Once the oil riches would be shared with all the people by a representative government, we could again start pumping $60 to $75 million a day into their economy. Let some other country or group of countries take responsibility for propping up the royals if they want. They will eventually fall to the people's will for freedom and we ought to be on that side rather than the one we're one.
Saudi Prince still invests in U.S.
looks like the paper had it wrong…
Saudi Prince still
invests in U.S.
Denies report that Saudis
withdrew up to $200 billion
DUBAI, Aug. 22 — Saudi billionaire Prince Alwaleed bin Talal denied on Thursday reports that Saudi investors had withdrawn up to $200 billion from the United States to protest against rising anti-Saudi sentiment.
“I’M HOLDING ON to all of them (my investments) and in all honesty increasing my stakes in certain companies in the U.S.,” Alwaleed told the British Broadcasting Corporation (BBC).
“My information tells me none of this is correct… What I am telling you represents the position of the Saudi royal family 100 percent,” he added.
Alwaleed, one of the world’s richest men and a nephew of Saudi Arabia’s King Fahd, was responding to a report this week by London’s Financial Times which said Saudi investors had pulled out at least $200 billion from thew U.S. amid tension between the two countries after September 11.
From BBC: Saudi prince denies US asset flight
They deny there has been any money lifting!
Compare the total Saudi investment tothe market cap of the DOW then tell me if it will make a dent. NOT!
hey mod can you split thsi thread into 2. I think myvoice, I and others got off on a diff angle but that discussion may be served better in a diff thread. the effects of Saudi investment etc can then be discussed here without our discussion in the way.
Thanks
Chaltahai, Saudis have big assets, I think it is possible that they can make a pretty nasty dent.
I very briefly listened to an analyst on the radio yesterday. Unfortunately, I did not hear the full interview/report, but basicly what he said was that many individual investors were taking their money out, but not all the royal family. The analyst believes, the end figure will be around $100b out of the $800b dollars that Saudis have invested in the US.
I was listening to NPR(National Public Radio) the other day and the Economist they had on was saying that if Saudi's withdrew their money, it would make a dent in the US economy, in certain sectors. What was most surprising is when he mentioned that it would affect the education sector. Dont like to give half-baked information, however this is all I can remember. Cant say the person was an authority on this, but it an was interesting comment nonetheless.
750 billion dollars of investment
[QUOTE]
*Originally posted by Seminole: *
It is time the US distances itself from this cruel and oppressive regime. With any foresight, US will wean itself off SA's oil. Perhaps then the citizens of SA will vent their unholy hatred and violece toward some other unlucky chaps.
[/QUOTE]
UNOCAL Trans-Afghani Pipeline and Pentagon's new military bases in Uzbekistan, Tajikistan and Kyrgizstan will ensure that.
US will have a dominant position in the oil rich region of the Caspian Sea/Central Asia.
