Writing is on the wall....(Saudi Government)

[Captain Crawfish]

Seen a few lng diesels pulling hills. It works

[03mustangdude]

All saudi or for that matter anyone has to do is drop the dollar and stop buying treasury bonds and our economy will be hurt badly. If they release the treasury bonds they already have. We will have a great recession.

[slow99]

All saudi or for that matter anyone has to do is drop the dollar and stop buying treasury bonds and our economy will be hurt badly. If they release the treasury bonds they already have. We will have a great recession.

How many do they have?

[03mustangdude]

How many do they have?

246.4billion but that's with Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar,
Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria.

http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

[slow99]

246.4billion but that's with Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar,
Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria.
http://www.treasury.gov/resource-cen...uments/mfh.txt

So, all inclusive, about 1.5%.

[03mustangdude]

So, all inclusive, about 1.5%.

china owns 8.9% doesn't seem that big.

[slow99]

china owns 8.9% doesn't seem that big.

I think they're closer to 7.5% and Japan is around 7% ... but regardless. China at 7-8% is big, but not like the propaganda that gets thrown around would lead you to believe. Japan won't dump it b/c it would make zero sense. China shouldn't for the same reason, but the problem is, who the fuck trusts China?

In addition to the obvious problems it would cause, what happens when you go dumping huge amounts of an asset's volume on the market? They'd get hit with fucking huge losses in addition to the secondary negative effects.

I was referring mainly to your original post that said:

All saudi or for that matter anyone has to do is drop the dollar and stop buying treasury bonds and our economy will be hurt badly. If they release the treasury bonds they already have. We will have a great recession.

Look, there's no doubt we're in a bad spot ... if you've followed this forum for any amount of time you'd see that that is my opinion. I just think that sensationalism only compounds things. The world loses faith and stops buying our shit, yes we're screwed. My problem is in the way you (in my mind) conveyed it.