Military Review

Billions do not converge!

For two months, it took American financiers to properly respond to Saudi “blackmailers”, in March threatening to sell off Treasury securities and other US assets worth $ 750 billion. Recently, the US Treasury for the first time released data on the debt to Saudi Arabia. The amount of debt to Riyadh - total 116,8 billion dollars. Curiously, however, that the American Ministry of Finance doubts the accuracy of this indicator.

Recall in april at "New York Times" a publication appeared in which the following was noted.

In March, 2016, Saudi Arabian Foreign Minister Adel Al-Jubeir, during a visit to Washington, delivered a message to American congressmen about possible kingdom actions that would be a response to the possible declassification of information about the alleged "sponsorship" of 2001 terrorist attacks by Saudi Arabia. The head of the investigation report, classified at the time under Bush Jr., allegedly contained information on the involvement of Riyadh in the terrorist attacks. The American press wrote that the last pages of the report were classified because of the fact that the presidential administration did not want to complicate relations with the Saudis.

Saudi authorities officially deny involvement in the 2001 attacks of the year. In addition, the US commission of inquiry did not reveal evidence of the involvement of senior Saudi officials both in the organization and in the financing of the terrorist acts. However, in April, the Obama administration still held talks with congressmen, trying to convince the latter of the need to reject a bill that would allow the Saudi government to be involved in “US involvement in the terrorist attacks”.

Upon learning of the bill, the Saudis threatened to sell US-owned assets in the kingdom worth about $ 750 billion, of which the Minister Adel al-Jubeir notified the congressmen. He bluntly said that Riyadh would have to sell treasury securities and other US assets worth 750 billion dollars before the United States courts managed to freeze them.

Two months have passed since the March statements by Mr. Al-Jubeira. The late response of Saudi Arabia was given by the US Treasury Department. That's what the Ministry of Finance is for to operate with numbers. By the way, the numbers are also March.

According to «Bloomberg»The US Treasury released a breakdown of US debt holders. Until now, for more than four decades, data on Saudi Arabia were kept secret.

The publication indicates that the amount of Washington's debt to Riyadh was 116,8 billion dollars in March 2016. Moreover, it decreased by almost 6% compared with January.

It also became known for the first time that Saudi Arabia was among the ten largest US creditors (the largest are China, $ 1,3 trillion, and Japan, $ 1,1 trillion).

However, this is not all. Information disclosure poses new questions rather than answers.

The fact is that Saudi Arabia’s foreign exchange reserves amount to 587 billion dollars. Approximately two-thirds of them are expressed in dollars - central banks follow the generally accepted rule.

The United States began to publish data on Treasuries' external owners from 1974. The treasury policy was based, nevertheless, on non-disclosing Saudi investments: Saudi Arabia was part of the 14 group of other countries, mainly OPEC members, including Kuwait, Nigeria and the UAE. This group held 281 billion in Treasuries as of February 2016.

The “special decision” on non-disclosure of the debt owed to the Saudis, Bloomberg notes, was made after the “oil shock” (oil embargo in the USA) in 1973. It was one of the concessions of Washington, who wanted to maintain "strategic relations" with Saudi Arabia and have access to its oil.

The issue of Saudi Treasury bonds is becoming increasingly important as the monarchy is faced with strong financial "pressure" caused by the decline in oil prices and the need to wage "expensive wars" in the Middle East. Last year, Saudi Arabia had already spent 16% of its foreign exchange reserves to “plug the hole” in the budget - the deficit was the largest in a quarter of a century (according to the central bank of the kingdom).

The publication has published a table of US debt to oil-producing countries (data from the US Treasury as of March, published Monday this week).

Saudi Arabia - 116,8 billion dollars.
United Arab Emirates - 62,5 billion.
Kuwait - 31,2 billion
Oman - 15,9 billion.
Iraq - 13,4 billion
Qatar - 3,7 billion.
Nigeria - 3,1 billion.
Bahrain - 1,2 billion
Algeria - 0,7 billion.

So, note, there is a difference in the indicators of American debt to the Saudis. If the Saudis talk about US liabilities at about $ 750 billion, then the US Treasury gives out much smaller numbers, albeit with a reservation: Saudi Arabia’s foreign exchange reserves, they say, are 587 billion dollars, and two-thirds of such reserves are usually expressed in dollars. Therefore, the US debt to Saudi Arabia may not amount to 116,8 billion dollars, but much more. The US Treasury does not deny this, only it can not bring exact figures!

However, for a department that for more than forty years secretly owes to the Saudis, this is apparently an ordinary practice. We would not be surprised if the Americans “lose” some of the debts, and then, you see, the “color revolution” will break out in the kingdom. The former “strategic” friendship between Washington and Riyadh is already gone. Yes, and now the Americans own oil, shale. Now, former strategic partners have become economic competitors.

Observed and commented on Oleg Chuvakin
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  1. pest
    pest 18 May 2016 06: 22
    We live by the principle - to whom should we forgive everyone?
    1. Ivan Slavyanin
      Ivan Slavyanin 18 May 2016 06: 52
      No, the principle is different - the Saudis are not declared a democratic country where terrorism flourishes! Hussein example!
      1. dzvero
        dzvero 18 May 2016 07: 34
        "... this is where things go." (c) not mine. But the Americans are tortured to hang up - there half of the country goes to the prynts and those who have joined.
      2. Trotil42
        Trotil42 18 May 2016 14: 58
        This will make shale oil competitive ... yes and China's pitchfork ..
    2. siberalt
      siberalt 18 May 2016 08: 11
      Then the Saudis can safely get rid of American excess papers (on 613 lard), leaving only the part recognized by the Americans on 116,8. laughing Or is someone bluffing?
      1. DanSabaka
        DanSabaka 18 May 2016 09: 06
        Difficult question....
        1) The Arabs are prone to "pretensions", they could easily lie about the size of the Ayirikan securities they had.
        2) Americans are masters of playing numbers. They could make their debts WITHOUT accounting for debt to private individuals and funds, and in the case of the Arab monarchies, the difference between the state treasury and the king’s treasury is very small.
        3) The massive sale of US debt will lead to a decrease in their value and allow the United States to buy up its debts cheaply, which is certainly FAVORABLE FOR THE USA. On the face of a simple bluff.
      2. Zoldat_A
        Zoldat_A 18 May 2016 09: 39
        Quote: siberalt
        Then the Saudis can safely get rid of American excess papers (on 613 lard), leaving only the part recognized by the Americans on 116,8. laughing Or is someone bluffing?

        But once more the Saudis will come across with the Americans, but on such an issue, where you can't say that "there was no report at all" - then we'll see who is bluffing ...

        Although I have a feeling that the Americans, to put it mildly, lie - in their usual manner ... Saudis are not a gift either, but for some reason I believe them more. If only because they, the Saudis finally understood how America had them since the 1972 year, and for their own (among others), it was getting fat. Now they themselves want to steer - And the Americans, of course, want to continue to use them as sixes and a cash oil cow ... That’s the essence of the conflict, and America’s nose-hunt is a show to show that no one and nothing can move its power ... And 750 lard, I think, we could...

        Now the Saudis are either preparing for the Iraqi scenario, or for the Ukrainian one. No one will jump in the heat at the next Maidan-Tahrir, so, most likely, the scenario is Iraq-Libya-Syria ....
      3. vabvab
        vabvab 18 May 2016 17: 07
        The Saudis cannot do anything to the States. They took the "gentlemen at their word". Yes, they even have American-made weapons.
  2. strelets
    strelets 18 May 2016 06: 33
    For 2 months it was possible to come up with lies and more successfully.
  3. Shiva83483
    Shiva83483 18 May 2016 06: 35
    Oh muddled Yankees with their debts, oh muddied .... there is no faith to these Zamudonites, and there was no mention ...
  4. RuslanNN
    RuslanNN 18 May 2016 06: 42
    It is necessary in Iraq, Afghanistan, the former Yugoslavia, Libya and other countries to adopt laws on bringing Americans to justice for aggression, occupation of the country and terrorism at the state level.
    1. Kenneth
      Kenneth 18 May 2016 12: 09
      Maybe it’s necessary, but ktozh will give them
  5. Armored optimist
    Armored optimist 18 May 2016 06: 42
    Duc then the law on the presentation of claims against Saudi Arabia was adopted. Che now? Shaikhs will have to fulfill the threat and dump 750 billion American candy wrappers? And then there will be "not men"!
    1. Mart
      18 May 2016 07: 50
      Quote: armored optimist
      Duc then the law on the presentation of claims against Saudi Arabia was adopted. Che now? Shaikhs will have to fulfill the threat and dump 750 billion American candy wrappers? And then there will be "not men"!

      No, they did not. He was only approved by the senators. President Obama may well veto an approved bill. Actually, he has already declared his desire to impose a veto.
  6. godofwar6699
    godofwar6699 18 May 2016 06: 47
    The Senate of the United States Congress unanimously approved a bill called Justice Against Sponsors of Terrorism, which allows citizens to sue the Saudi government in US courts.
  7. Nikolay K
    Nikolay K 18 May 2016 06: 48
    What discrepancies does the author talk about? 116,8 billion dollars this is the value of treasury bonds held on the balance sheet of KSA. In addition, the Saudis probably have significant balances in accounts with American banks, because, as the author notes, the currency reserves of the kingdom are 587 billion dollars, of which approximately 2 / 3 are denominated in dollars. Total, including bonds, about 400 billion dollars. In addition, the Arabs actively invested in American stocks, real estate and other assets. So I fully admit that the total value of Saudi assets in the states may indeed be close to 750 billion dollars. While oil was at 100 dollars per barrel, the Saudis received from its sale at 1 billion dollars. in a day. So they saved up for a rainy day. It’s only quite possible that the Americans were just waiting for the egg to fill
    1. Zoldat_A
      Zoldat_A 18 May 2016 09: 45
      Quote: Nikolai K
      In addition, the Saudis are likely to have significant account balances in American banks, because as the author notes, the currency reserves of the kingdom 587 billion dollarsof which approximately 2 / 3 are denominated in dollars. Total, including bonds, about 400 billion dollars In addition, the Arabs actively invested in US stocks, real estate and other assets. So I fully admit that the total value of Saudi assets in the states can actually come close to 750 billion dollars

      But it will be fun when the Saudis show the bill - and America will classically dodge like a horse young lady.

      The Germans realized how to give a goat a cabbage for preservation (that is, gold for America). They asked just to look - not even to pick up - no, they say it was, but now it’s gone somewhere ... And the Germans, which is characteristic, have worn themselves out ...
      1. Kenneth
        Kenneth 18 May 2016 12: 13
        They will not present an invoice, but will begin to sell, and at a cheaper price. This will cause certain problems but no more
  8. Mountain shooter
    Mountain shooter 18 May 2016 06: 51
    The entire world economy seems to be holding on to the word of honor. In the honest word of striped-eared bankers. When this word is no longer believed, the most serious crisis in the world economy will come. To make this happen as late as possible, Matrasia stuck branches of its "collection agencies" all over the world under the stars and stripes. As Al Capone said, with a kind word and a pistol ...
  9. samarin1969
    samarin1969 18 May 2016 07: 10
    "Minister Adel al-Jubeir. He said bluntly that Riyadh will have to sell $ 750 billion in Treasury securities and other US assets."

    The Saudis at least kick up ... The Russian colleague and Elvira Sakhibzadovna behave in an exemplary docile: smiles, dress code and investments in "thrashers"
  10. rotmistr60
    rotmistr60 18 May 2016 07: 21
    The Americans never when a debit with a loan did not converge.
    For them, the main thing is not accounting, but the right of the "strong". Therefore, no matter how puffed up those who have been under the "roof" of the United States for many years, nothing will come of it.
  11. oops
    oops 18 May 2016 07: 39
    The law on holding foreign governments accountable for terrorist acts in America has not yet been passed.
    About the investments of the Saudis in the American economy. Their "National Wealth Fund" is estimated at a couple of trillion dollars. That is, the main investments of the Saudis are in the shares of American companies. In fact, the value of 100 billion dollars of investments in American "Treasuries" somehow looks ridiculous! This is an obvious American rigging !!!!!!!!!!!
  12. The comment was deleted.
  13. APASUS
    APASUS 18 May 2016 07: 45
    All this is nonsense, moreover, complete!
    The Americans themselves print money, and in the latest economic recovery program, they filled the US banks with as much as 30 billion extra money, so that they will buy out any debt as soon as they receive a command from Washington.
    The problem here is more likely in the relationship between the SA and the USA, but if the Saudis decide to punish the Americans, they have a lot of tools: from supporting terrorists to supporting countries of an anti-American orientation
    1. Kenneth
      Kenneth 18 May 2016 12: 15
      And they will receive an embargo on oil sales like Iran recently. Saudis are not so cool to show off
      1. APASUS
        APASUS 19 May 2016 21: 14
        Quote: Kenneth
        And they will receive an embargo on oil sales like Iran recently. Saudis are not so cool to show off

        For the Saudis, simply refusing to sell oil for dollars in favor of, for example, the Euro, is enough to punish the Americans.
        On the account of the sale of oil: put oil on a tender five dollars below the exchange one, the line will be from tankers straight to the United States. Not only Americans buy oil, there is no need to be mistaken, even Iran traded oil in an embargo
  14. lao_tsy
    lao_tsy 18 May 2016 07: 47
    As long as the US military bases are in the state, this state can arbitrarily bump and shout about its independence. The United States just laugh softly.
  15. cap
    cap 18 May 2016 07: 52
    “However, for a department that has been secreting debts to the Saudis for more than forty years, this is apparently a common practice. We will not be surprised if the Americans also“ lose ”part of their debts, and then, you see, a“ color revolution ”will break out in the kingdom. After all, there is no longer any "strategic" friendship between Washington and Riyadh. And now the Americans have their own oil, shale. Now the former strategic partners have become economic competitors.

    Don’t go to the grandmother. Yes, and with the human rights of the Saudis and the company, everything is not in order. Https: // V = vds0NfNfsJk
    We are waiting for the next revolution of "Blooming saxauls" bully
    1. cap
      cap 18 May 2016 07: 54
      Quote: cap

  16. user3970
    user3970 18 May 2016 08: 21
    It has long given out information that money from the SGA ran ... The Jews were the first to rush. The Rothschild clan, having taken 8 tons of their gold from Fort Knox, rushed to Shanghai at the local financial exchange. So Soros began to throw off green candy wrappers, turning them into gold. By the way, pay attention to who currently owns movable and immovable property in Russia? Mineral resources, minerals, seaports, airports, trading networks, in general, anything that has at least any value? You will be very surprised. And also for information. The general financial condition of the Rothschilds is estimated at 500 trillion dollars. The clan with these finances left the Anglo-Saxon market, leaving it to Rockefeller and the Lizke of England. Where is the money of the main Jew of the world now?
    1. Kenneth
      Kenneth 18 May 2016 12: 17
      You would greatly increase the value of your forecasts if you accompanied them with links.
  17. aba
    aba 18 May 2016 09: 00
    Or maybe the discrepancy in numbers is caused by progressive teaching methods adopted in the states ?! repeat
  18. Old
    Old 18 May 2016 09: 55
    The USA built a great financial pyramid. And all the financiers of the world are involved in this game. It is a kind of addiction. Everyone understands the risks, but they can’t stop. Here you need a dohtor.
  19. afrikanez
    afrikanez 18 May 2016 09: 56
    But did it have to converge ?????
  20. Evdokim
    Evdokim 18 May 2016 10: 01
    From everything written, I did not understand anything, who, whom, and how much. What is there, they are panting in front of each other or something, or are measured by the length of this bond itself.
  21. Forever so
    Forever so 18 May 2016 10: 04
    The great American sharpie continues to hand over marked cards.
  22. Kenneth
    Kenneth 18 May 2016 12: 19
    Republicans shit democrats and nothing more. Calm down hot guys, there will be no cataclysm.
  23. vabvab
    vabvab 18 May 2016 17: 04
    The fact that in the end everything will end scammers, it was clear for a long time. And now the scenario of the beginning of full-scale hostilities has begun to be seen.

    China will demand a report from the United States on its debts (or even payments). If the credit debit does not converge, then he will begin the process of nationalizing American enterprises on his territory. This will lead to attempts by the United States to organize its economic blockade. And already this will serve as a trigger for a full-scale disassembly involving Japan and the South Caucasus. And then, as they say, it started. Few States will not seem.
  24. user3970
    user3970 18 May 2016 17: 15
    Kenneth. Dear. And the meaning of the links? Few people walk on them. And one more thing ... A small note in any publication or in an interview with a person I respect who is in charge of "the bazaar" ... For example, I learned about the export of gold from the SGA after the collapse of the World Trade Center towers in New York , in the basements of which there were 780 tons of gold intended for transfer to China. After dismantling the rubble, he was not found. I began to be interested in this topic of gold in the SGA ... And so bit by bit. Now there is information that foreigners are massively buying up land in Altai. By the way, there is also a newly built "summer house" of the GDP. There were photos of its construction. What is it for ? It is believed that Altai, in terms of seismic resistance, takes first place in the event of a nuclear cataclysm. By the way, I have information about the gdp "stash" of 11 trillion dollars (according to the Americans). There is no topic where I could publish it. Something like this .