Sponsor Message:
Non Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Saudi To Withdraw Their Money From US Economy?  
User currently offlineDragonRapide From Belgium, joined Sep 2001, 133 posts, RR: 0
Posted (12 years 4 months 14 hours ago) and read 1670 times:

Yesterday on Belgian radio news they said that Saudi entrepreneurs would withdraw their money from the US economy. They would be scared that the US blocks their money if they find proof that Saudi supported Al-Qaeda.

The amount of money to be withdrawn was quoted as 100 to 200 billion US$.

However, since then I have not heard any confirmation on this.
Has anyone else any information?

38 replies: All unread, showing first 25:
 
User currently offlineAlpha 1 From , joined Dec 1969, posts, RR:
Reply 1, posted (12 years 4 months 14 hours ago) and read 1647 times:

Let them do it. I'm sure they'll put it to good use, towards educationg more and more of their people to despie the U.S. anyway.

User currently offlineSaintsman From United Kingdom, joined Mar 2002, 2065 posts, RR: 2
Reply 2, posted (12 years 4 months 13 hours ago) and read 1632 times:

A Saudi Prince says not.

http://news.bbc.co.uk/1/hi/business/2209503.stm

We'll just have to wait and see.


User currently offlineKROC From , joined Dec 1969, posts, RR:
Reply 3, posted (12 years 4 months 13 hours ago) and read 1628 times:

Yeah, they will pull their money out, but where will they put it where thay can continue to make such profits? Their own stock market?

User currently offlineQatarAirways From Qatar, joined Sep 2008, 0 posts, RR: 1
Reply 4, posted (12 years 4 months 13 hours ago) and read 1619 times:

KROC,

"Yeah, they will pull their money out, but where will they put it where thay can continue to make such profits? Their own stock market?"

There was a great article about the Saudi investors in an economic journal, I think MEED or some other where they say that they are doing just that. Anyway the average ROI for Gulf stocks is far more higher than the US stocks especially after the economic slump in the US where the stock markets crashed in the US and Europe but continued to Rally here in the Gulf.



User currently offlineYyz717 From Canada, joined Sep 2001, 16365 posts, RR: 56
Reply 5, posted (12 years 4 months 10 hours ago) and read 1600 times:

Yeah, they will pull their money out, but where will they put it where thay can continue to make such profits? Their own stock market?

KROC, excellent point. The only safe haven for money is in the West anyway. The US can influence any Western nation with Saudi cash. If SA chooses to park its cash reserves in the UAE for instance, the US still has massive influence on those nations.




Panam, TWA, Ansett, Eastern.......AC next? Might be good for Canada.
User currently offlineHeavymetal From , joined Dec 1969, posts, RR:
Reply 6, posted (12 years 4 months 10 hours ago) and read 1587 times:

Good riddance. . .

User currently offlineSAS23 From , joined Dec 1969, posts, RR:
Reply 7, posted (12 years 4 months 9 hours ago) and read 1575 times:

Actually, it's being invested here in Europe ... far more stable and friendly to their interests than the States!  Big thumbs up  Big thumbs up With the trillion dollar lawsuit filed against them, you can hardly blame them, can you?  Yeah sure

http://www.news.scotsman.com/international.cfm?id=930312002



User currently offlineRyanb741 From United Kingdom, joined Mar 2002, 3221 posts, RR: 15
Reply 8, posted (12 years 4 months 9 hours ago) and read 1566 times:

Well, there will be plenty of Casino owners and crack-whore pimps upset by this.....


I used to think the brain is the most fascinating part of my body. But, hey, who is telling me that?
User currently offlineHeavymetal From , joined Dec 1969, posts, RR:
Reply 9, posted (12 years 4 months 8 hours ago) and read 1564 times:

Actually, it's being invested here in Europe ... far more stable and friendly to their interests than the States!

SAS, once and for all, we gladly and with great relief pass the torch of shortsightedness and greed to your neck of the woods.....here in the States we've woken up to the reality of the nightmare we created when we bestowed the Saudis with the wealth they have. We've now got to start working on slicing that umbilical, starving their cravings and strengthening our future. You be "stable and friendly" to them for awhile, and when one of them flies a jetliner into Big Ben or Wembley Stadium in a few years, you'll have learned your lesson too.

Like I said, good riddance. They're all yours pal.


User currently offlineSAS23 From , joined Dec 1969, posts, RR:
Reply 10, posted (12 years 4 months 8 hours ago) and read 1551 times:

Well, it means that the Euro will simply grow stronger than the once-mighty greenback ... and of course as here in Europe we don't have blind support for the Israelis, it's not all that likely that we'll be the target of Islamic extremism. That's a whirlwind that our American cousins have reaped for themselves!  Big grin

User currently offlineArsenal@LHR From United Kingdom, joined Mar 2001, 7792 posts, RR: 19
Reply 11, posted (12 years 4 months 7 hours ago) and read 1539 times:
Support Airliners.net - become a First Class Member!

You be "stable and friendly" to them for awhile, and when one of them flies a jetliner into Big Ben or Wembley Stadium in a few years, you'll have learned your lesson too.

Nah mate, we're not seen as the 'Great Satan', so you'll be seeing no boeings being slammed into Big Ben. The only way that will happen is if Blair continues to give the current american government unlimited support, or if we suddenly become best buddies with Israel, which is unlikely.

Rdgs
Arsenal@LHR




In Arsene we trust!!
User currently offlineLeftypilot79 From United States of America, joined Jun 2002, 455 posts, RR: 6
Reply 12, posted (12 years 4 months 6 hours ago) and read 1532 times:

You know...Arseanal is right for once. We aren't gonna see Boeings slammed into BIG BEN. We are going to be seeing AIRBUS being slammed into ARSEanal.

aaron


User currently offlineHeavymetal From , joined Dec 1969, posts, RR:
Reply 13, posted (12 years 4 months 6 hours ago) and read 1526 times:

I guess the only flying done was my point over your heads...

Reaping the whirlwind? Maybe maybe not. Whatever we did, please note your fine island has pretty much been along for the ride since gas powered engines were invented. Then again, the Empire has had far longer to fine tune their hypocrisy than their thuggish uncultured colonies , haven't they?

But I digress. I'll say it again...the mantle is yours. Let Europe charge ahead headlong into the new century, the place the world looks to for bold action and decisive leadership on ancient questions and fueds from Nablus to New Dehli. You'll either stand for something, and get labelled "Great Satan" by ignorant malcontents, or, more likely than not , stand for nothing....ride that fencepost as long as possible then throw your hands up in exasperation.

In any case, we can bring our Armies home, kick back with a brew and some Fritos, and watch Michigan kick Ohio State's ass this year. After all, destiny will be in firm, time-tested hands.


User currently offlineLehpron From United States of America, joined Jul 2001, 7028 posts, RR: 21
Reply 14, posted (12 years 4 months 6 hours ago) and read 1519 times:

Well, "if they find proof that Saudi supported Al-Qaeda," to hell with them. The real question is, that considering the large volume of cash, will the US government simply give them a slap on the wrist just to keep thier business? On the otherhand, maybe they should keep their business with us, they might partner with someone else, who wants oil? Are a lot of nations that would want that?

Here's an oxymoron: if a poor guy were funding Al Qaeda, he'd be in a weird situation.




The meaning of life is curiosity; we were put on this planet to explore opportunities.
User currently offlineSAS23 From , joined Dec 1969, posts, RR:
Reply 15, posted (12 years 4 months 5 hours ago) and read 1510 times:

Heavymetal, I'd like to remind you that those gas powered engines (and indeed also gas turbine engines) were invented on this side of the pond.  Big grin

Our culture is considerably older - and therefore far more mature - than that of the United States ... and our respective approaches to the rest of the world reflects that. The US is a greedy, consumerist society where conspicuous (and irresponsible) consumption is the order of the day. Like a teen, you are not interested in concepts such as responsibility. The US has a gung-ho approach to geopolitics with little concern for the rest of the world ... and it's an approach which has consistently come back to haunt administration after administration.

I am reminded of the tale of the two bulls surveying a field of cows. The young bull wants to rush in and make it with one cow; the older - and wiser - one wants to amble down and do them all.


User currently offlineHeavymetal From , joined Dec 1969, posts, RR:
Reply 16, posted (12 years 4 months 4 hours ago) and read 1504 times:

Heavymetal, I'd like to remind you that those gas powered engines (and indeed also gas turbine engines) were invented on this side of the pond.

Been to the moon lately? (yawn)

Our culture is considerably older - and therefore far more mature -

Yup. I live in Florida so I see 'older' and 'far more mature' all the time. Their senses are going, their manners are atrocious and they can't drive worth a sheeet.

and our respective approaches to the rest of the world reflects that

Your respective approaches to the rest of the world? You mean the world you took over for a few centuries, then feebly withdrew from in a few years leaving a veritible cultural mess from Capetown to Karachi?

The US is a greedy, consumerist society where conspicuous (and irresponsible) consumption is the order of the day.

No argument. Then again, I don't see 'em packing a hundred refugees in a steamy shipping container to sneak into Ecuador, do I?

Like a teen, you are not interested in concepts such as responsibility.

Uhh, see my statement above. Every mess from Israel to Kashmir came about because of your meddling through the years. Care to fess up, or should we just assume the devil made you do it?

The US has a gung-ho approach to geopolitics with little concern for the rest of the world ...

That 'gung-ho approach' saved your bacon about 60 years ago, mate. You might show a little grattitude.




User currently offlineAlpha 1 From , joined Dec 1969, posts, RR:
Reply 17, posted (12 years 3 months 4 weeks 1 day 23 hours ago) and read 1484 times:

Nah mate, we're not seen as the 'Great Satan', so you'll be seeing no boeings being slammed into Big Ben. The only way that will happen is if Blair continues to give the current american government unlimited support, or if we suddenly become best buddies with Israel, which is unlikely.

Aresenal, I think you've just been voted on the Board if Directors of THI. You've really become wacked out lately. I hope you enjoy your stay with the likes of SAS23, ADG, and the like.

Oh, and when there is a major attack on the U.K., don't cry to the Yanks on the board here, because we didn't think 9/11 could happen, either. Maybe you'll get your head out of your arse someday and see it can happen.

And ignore SAS23, Heavymetal. He's so far gone into the camp of terrorism that he's really a lost cause. He hates the U.S. almost as much as he hates Israel, which is substantial. Just put a big "L" on his forehead, and let him go on his merry, delusional way.


User currently offlineSTT757 From United States of America, joined Mar 2000, 16907 posts, RR: 51
Reply 18, posted (12 years 3 months 4 weeks 1 day 23 hours ago) and read 1479 times:

Go ahead and take the Saudi blood money, the 10 richest people in the World are still mostly Americans.

Bill Gates, Paul Allen, Warren Buffet etc..

The Europeans and SAS 23 can cow tow to the fat Saudi's all they want, we wont compromise our priciples to them.

It was Giulianni who said it best for all Americans when A Saudi prince visited Ground Zero and offered $10 Million check towards the September 11th fund, Giulianni was about to accept it but when the Prince mentioned that 9-11 was because of the US relationship with Israel Giulianni told him to stick it.

The oil is Saudi Arabia is drying up anyway, Southern Russia is the new frontier and the US has a BIG foot in that door.



Eastern Air lines flt # 701, EWR-MCO Boeing 757
User currently offlineBoeing4ever From , joined Dec 1969, posts, RR:
Reply 19, posted (12 years 3 months 4 weeks 1 day 23 hours ago) and read 1472 times:

SAS: You statements are ....hmmmmmm, oh yeah! WRONG! Let's see, Europe took over most of the world and left a mess. In fact...anti-west sentinments can be traced back to European colonialism. Sad SAS. Really sad. Most Americans don't blindly support Israel, but what else are we to do when Europe blindly supports the Arabs? Russia has oil, and won't hesitate to sell it to us. This simply means that Saudi terror sponsorship will catch up to them in negative ways. Perhaps they have more to worry about the US attacking them as opposed to Iraq. Israel/Palestine is the fault of your home country SAS. Perhaps we should force the UK to come up with a solution alone. Seems only fair. We also have grounds to sue the UK for damage done to US prestige for supporting this crazy arrangement that the Brits made. Iraq is also your spawn. So is India/Pakistan. Let's not forget that you sold out Poland to Stalin. Many Poles won't easily forget that the UK murdered General Sobieski, and now refuse to release documents related to that matter. So don't talk to the US about responsibility. We may be teenage in your eyes, but you are like the 40 year old Enron execs.

B4e-Forever New Frontiers


User currently offlineDragonRapide From Belgium, joined Sep 2001, 133 posts, RR: 0
Reply 20, posted (12 years 3 months 4 weeks 1 day 21 hours ago) and read 1461 times:

@ Heavymetal "Been to the moon lately?" And who put you there? Forgot that? German scientists who knew to build rockets, those German scientists that were fighting against you during WWII but that you ahppily put to work for the US. Who put you on the moon? Europeans did.

@STT757: Get your facts straight. The biggest oil specialists in the world agree that
a/ the oil in the US is drying up quickly
b/ same in Russia
c/ same in the North Sea (will reach its peak in 3 years time and its downhill from then on)
d/ almost no new oil fields are found and when found they are small and almost impossible to exploit profitibaly
e/ leaves us with the arabic world. Yes there wells are drying up as well but because they are so immense they still hold the key to the worlds economic proserity for lets say another 20 to 30 years.
counting on the Russions to supply you with oil? Bad gamble my friend.



User currently offlineSAS23 From , joined Dec 1969, posts, RR:
Reply 21, posted (12 years 3 months 4 weeks 1 day 20 hours ago) and read 1456 times:

Also bear in mind that the Russians won't hesitate to stick it to the Americans if it looks to them like Europe is going to become the next great power bloc. Without oil, your industries grind to a halt and it's sayonara buddies!  Big grin

As for the much-touted US involvement in the last two world wars ... don't forget that your Ambassador here (Joe Kennedy) supported the IRA and the Nazis, and did his utmost to prevent Roosevelt from bringing America into the war. Another ardent Nazi supporter was of course Charles Lindbergh. Of course, you guys are trying to make up for being so late for the last two world wars by starting the next one!  Big grin Incidentally, it was Roosevelt who sold out Polant to Stalin at Yalta ... and Eisenhower who permitted the Soviets to take Berlin. Churchill didn't like and didn't trust Stalin ... and he was right.

Yes, we do have to bear some responsibility for the creation of Israel, which includes reneging on promises made to the Palestinians. However, the vast majority of the guilt belongs with the Zionists who completely ignored the UN and moved outside the borders allotted to them in 1947, using their policy of ethnic cleansing to drive the Palestinians from their homes.

9/11 was indeed due to US policy in the Middle East - including its policy on Israel. If you're seen to be targetting a particular group, is it surprising that that group then has a go back at you? Of course not. That, guys, was an entirely self inflicted situation ... and you haven't learnt your lessons from it yet.

We've been living with terrorism in Europe for many years, and are slowly but surely getting it sorted out. We've also been warning the US for decades that they were making themselves targets for terrorists ... but did they listen?  Insane

Sure, our colonial policies have resulted in such things as the most bureaucratic society in the world (India) but we have also given the world countless benefits as well. The important thing is that we realised that an empire was no longer appropriate in the modern world - but this is not a lesson that the US has learnt yet. Consequently, it incurrs considerably more hostility than Europe does around the world.


User currently offlineClipperhawaii From United States of America, joined Dec 1999, 2033 posts, RR: 11
Reply 22, posted (12 years 3 months 4 weeks 1 day 20 hours ago) and read 1458 times:

SAS23, you have a very poor knowledge of history. Or is it twisted history? Fortunately the hatred you spew falls on deaf ears by the educated people both in this forum and the world. Why do you find it so necessary to insult so many of us?

Sad really, that there in England, you spew such venom to so many people.
You said you were "reminded of the tale of the two bulls surveying a field of cows. The young bull wants to rush in and make it with one cow; the older - and wiser - one wants to amble down and do them all."

That's an interesting quote coming from you. You need to really ponder it a bit more. I am sure many here who have read it laughed at the irony of that quote coming from you.

Have a nice day,
ClipperH



"You Can't Beat The Experience"
User currently offlineRyanb741 From United Kingdom, joined Mar 2002, 3221 posts, RR: 15
Reply 23, posted (12 years 3 months 4 weeks 1 day 17 hours ago) and read 1442 times:

I have three comments to make.


Firstly, the US has every right to tell the Saudis to go stick their cash where the sun don't shine.

Secondly, the UK is very pro-American. Please do not take SAS's comments as reflective of all of us Brits (He is just a bitter Scot anyway) as we agree with the US 99.9% of the time.

Thirdly, for every one British colonial f*ck up (Burma, Pakistan, India), there are about 4 successes (USA, Canada, Australia, New Zealand, Singapore, Hong Kong, Malaysia etc). How the UK can be blamed for Iraq is beyond me - who can legislate for a psycho taking control? Similarly, the Palestine situation is no fault of ours. When two sets of people are determined to kill each other, what the hell are we supposed to do except get out of there! Blame the UN for the Palestine problem, but the UK's conscience is clear.....



I used to think the brain is the most fascinating part of my body. But, hey, who is telling me that?
User currently offlineAlpha 1 From , joined Dec 1969, posts, RR:
Reply 24, posted (12 years 3 months 4 weeks 1 day 14 hours ago) and read 1434 times:

Also bear in mind that the Russians won't hesitate to stick it to the Americans if it looks to them like Europe is going to become the next great power bloc.

ROTFL. A nation starved for hard currency like Russia won't "stick it to" the one nation that, more than any, that can give them that hard currency-the United States. And guess what, Europe has not, is not, and will not, become the next great power. Together, they don't even equal the power of the United States. You're really having delusions of grandeur these days, aren't you, SAS23?

Without oil, your industries grind to a halt and it's sayonara buddies!

And that's what you want, isn't it SAS23: the U.S. crippled, incapacitated and on it's knees-ISN'T IT?? Why is that SAS23? Do you have the testicles to even answer that question? WHY? It's an obsession with you almost as strong as that against a certain mideast country? Why this desire to see the U.S. humbled? Not that it will happen, bright boy, but why this incessant hatred? Enlighten us, will you?

As for the much-touted US involvement in the last two world wars ... don't forget that your Ambassador here (Joe Kennedy) supported the IRA and the Nazis...

You are a propoganda machine, I'll give you that. 1. Our "much-touted" involvement in WWII saved Britian's rear end, even with their heroic stance against the Nazis. 2. Without our "much-touted" involvement, Western Europe would not have been liberated-at least not the way it was. Britian, for all it's courage and resiliance, did not have the military might to free the continent by itself. It's possible the Iron Curtain would have extended to Calais. 3. Joe Kennedy did not run American foreign policy, did he? Many Americans supported the Nazi's-Charles Lindberg comes to mind, but in the end, the U.S. sacrificed equipment-and more importantly, the lives of many young men, to defeat the Nazis, AND save Europe from Nazism.

So much for your lame propoganda.

Roosevelt from bringing America into the war. Another ardent Nazi supporter was of course Charles Lindbergh. Of course, you guys are trying to make up for being so late for the last two world wars by starting the next one!

We weren't late for anything, SAS23. It seems that Europe just can't help itself in starting World Wars, and we didn't want to get involved in YOUR messes, did we? But we did, when thus attacked, and both times, we helped bail your asses out didn't we? Stick it up your SAS, bright boy. Europe leads the world in starting World Wars, so deal with it.

Incidentally, it was Roosevelt who sold out Polant to Stalin at Yalta ...

Nice try, SAS23, but by the time Yalta happened, it was a fait accompli, unless the U.S. wanted to see millions more of their young men-and the U.K.'s-killed in a war on Russia. The sellout came from France and the U.K., who appeased Herr Hitler from 1936 until 1939, and by that time, Poland was history.

Yes, we do have to bear some responsibility for the creation of Israel, which includes reneging on promises made to the Palestinians.

You bear THE MAJORITY of the responsibility. It was YOUR meddling that led to this mess. YOUR COUNTRY-not ours, SAS23. Scoff at that if you like, but you guys screwed up, didn't you, bright boy.

9/11 was indeed due to US policy in the Middle East - including its policy on Israel.

9/11 happened because the U.S. is the big boy on the block. Even OBL scarcely even mentions Israel, and Israel was NOT a reason for 9/11, even though it makes wide-eyed apologists for terrorists like you some comfort to think that way. You're wrong on this point, and you'll continue to be wrong on this point.

We've been living with terrorism in Europe for many years, and are slowly but surely getting it sorted out.

HAHAHAHAHA!! The only thinkg you're "slowly and surely" doing, is learning, once again, the art of appeasment. Other than that, you don't get any credit for sorting anything out. What a crock of crap that is.

The important thing is that we realised that an empire was no longer appropriate in the modern world.

Didn't you just say that Europe is becoming the next world power, SAS23? I could have sworn you did? Europe will NEVER be over trying to build empires. It's still trying to build a new empire.

Consequently, it incurrs considerably more hostility than Europe does around the world.

Maybe that's because the U.S., in almost every category-except maybe trying to talk its way out of everythig-is superior to Europe in such matters as economic power, political power and military power. That's why the U.S. is the target, and not Europe-because the U.S. is the big boy, and Europe is just a pretending wannabe.

SAS23, more than ever, you have shown yourself to be a man full of this unexplainable hatred of the United States, which is so hard to fathom? You've show yourself to be a man thirsty for the days when Europe ruled the globe, and you inexplicably, at the same time, want to see the U.S. humbled and embarrassed before the world. It's almost paranoia with you. I think you've embarrassed yourself on this post more than you ever have to this point, SAS23. All you've done is make a mockery of youself. Well done.


25 Post contains images Arsenal@LHR : Let's put the United Kingdom on the 'axis of evil'
26 DPrush : Just don't cry for help when Europe's under "shari" law and your girlfriend has to wear a burka in public and can't legally operate a motor vehicle...
27 Arsenal@LHR : Just don't cry for help when Europe's under "shari" law and your girlfriend has to wear a burka in public and can't legally operate a motor vehicle...
28 Arsenal@LHR : Just don't cry for help when Europe's under "shari" law and your girlfriend has to wear a burka in public and can't legally operate a motor vehicle...
29 Arsenal@LHR : Damn! double post!............
30 DPrush : If you need help with the above, you might want to invest into a good history book and a newspaper...
31 Arsenal@LHR : You are the one making the claim, so explain yourself.
32 QatarAirways : DPrush, I think you are the one that needs a good history book. Shari'a law doesn't mention anywhere that a women must where a Burka'a or that a woman
33 PROSA : @STT757: Get your facts straight. The biggest oil specialists in the world agree that a/ the oil in the US is drying up quickly b/ same in Russia c/ s
34 DPrush : QuatarAirways wrote: "I think you are the one that needs a good history book. Shari'a law doesn't mention anywhere that a women must where a Burka'a o
35 Ben : Re-colonisation is the answer for you Americans. We need to march in there, demand a "regime change", install a governor answerable to the Queen (and
36 QatarAirways : DPrush, I am really insulted that you contest a Muslim's knowledge of his own religion. "Why don't you tell that to the poor Nigerian woman who is fac
37 STT757 : Re-colonisation? Try Californication, it's spread all over the world.
38 DPrush : QuatarAirways Everything that I brought up in regards to Shari'a law was meant to highlight the levels of fanaticism and the dangers of blindly accept
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Passport Needed To Travel In Canada From The US? posted Tue Aug 1 2006 02:56:26 by FutureSDPDcop
Seven Steps To Withdraw From Iraq posted Thu Aug 11 2005 07:44:19 by MD-90
NYTimes: US Economy-good Times To Continue posted Mon Aug 1 2005 21:47:09 by MaverickM11
My Contribution To The US Economy For 2004 posted Thu Dec 30 2004 04:47:20 by Whitehatter
Arafat Continues To Hide Money From Palestinians posted Tue Nov 2 2004 19:25:29 by Rjpieces
Mexico To Accept The Peace Corps From US posted Wed Jan 28 2004 01:47:33 by North County
The US Economy, Is It Ever Going To Get Better? posted Sat Mar 15 2003 08:08:20 by Milemaster
Taliban May Add Poisons To Foods Delivered From US posted Thu Oct 25 2001 01:02:20 by Jiml1126
Anyone Tried To Steal Your Car From You? posted Sun Nov 5 2006 21:49:45 by CON207
Learn From Us... Words From A Copt posted Fri Oct 20 2006 12:35:50 by Windshear