Tuesday, April 26, 2016

National Debt as a Weapon

Craig Eyermann

Today, President Obama is traveling to Riyadh, Saudi Arabia to meet with that nation’s new king for the first time.   But there’s a problem. There is legislation currently making its way through Congressional committees on Capitol Hill that threatens the interests of Saudi Arabia’s government, in that if it becomes law, would expose the government of Saudi Arabia to the risk of liability in U.S. courts for any supporting role it may have had in the September 11, 2001 terrorist attacks on the United States. And to incent President Obama to keep it from becoming law, the Saudi government is threatening to sell off its entire estimated $750 billion stake worth of U.S. government-issued debt securities. Reuters reports: ......To Read More ....

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