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The Saudis will be out of money in 5 years according to the IMF

OZONE
OZONE Member Posts: 2,510

https://www.reddit.com/r/worldnews/comments/3q744o/saudi_arabia_to_run_out_of_cash_in_fewer_than_5/

This can't happens soon enough.

I sure hope nobody from the Bush family (their butt buddies) is in any position to help them out.


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Comments

  • sarktastic
    sarktastic Member Posts: 9,208
    So, you're in favor of surrendering the petro dollar to a global currency dictated by Russia...interesting.
  • OZONE
    OZONE Member Posts: 2,510
    edited October 2015
    The dollar will be strong, regardless of the petro dollar that is all the rage to talk about by people that don't understand economics.

    The world still views the dollar as the safest currency in the world, and will for a long time to come.

    Oh, and Russia will have nothing to say about it, they will be near bankrupt too...
  • sarktastic
    sarktastic Member Posts: 9,208
    I understand economics.

    I don't understand Oconomics.

    Sounds like it's reversed for you, interesting.
  • RaccoonHarry
    RaccoonHarry Member Posts: 2,161

    The world needs another failed country filled with fanatical Muslims

    Nuke 'em now, why wait? Is it true nukes will turn all that sand to glass? I'd like to find out.
  • PurpleJ
    PurpleJ Member Posts: 37,643 Founders Club
    Let's just nuke everybody that doesn't look like us.
  • priapism
    priapism Member Posts: 2,305
    Looks like they found something to replace dates with.


    A Lebanese official says Beirut airport authorities have foiled one of the country’s largest drug smuggling attempts, seizing two tonnes of the amphetamine fenethylline before they were loaded on to the private plane of a Saudi prince.

    The official said the prince and four others had been detained on Monday. He spoke on condition of anonymity because he was not authorised to give official statements.

    The manufacture of fenethylline pills thrives in Lebanon and war-torn Syria, which have become a gateway for the drug to the Middle East and particularly the Gulf.

    In a 2014 report, the United Nations Office of Drugs and Crime says the amphetamine market is on the rise in the Middle East, with Saudi Arabia, Jordan and Syria accounting for more than 55% of amphetamines seized worldwide.
    http://www.theguardian.com/world/2015/oct/26/saudi-prince-held-two-tonnes-amphetamines-airport-beirut
  • dnc
    dnc Member Posts: 56,839
    edited October 2015
    priapism said:

    Looks like they found something to replace dates with.




    A Lebanese official says Beirut airport authorities have foiled one of the country’s largest drug smuggling attempts, seizing two tonnes of the amphetamine fenethylline before they were loaded on to the private plane of a Saudi prince.

    The official said the prince and four others had been detained on Monday. He spoke on condition of anonymity because he was not authorised to give official statements.

    The manufacture of fenethylline pills thrives in Lebanon and war-torn Syria, which have become a gateway for the drug to the Middle East and particularly the Gulf.

    In a 2014 report, the United Nations Office of Drugs and Crime says the amphetamine market is on the rise in the Middle East, with Saudi Arabia, Jordan and Syria accounting for more than 55% of amphetamines seized worldwide.
    http://www.theguardian.com/world/2015/oct/26/saudi-prince-held-two-tonnes-amphetamines-airport-beirut

    Doesn't the royal family execute people for dealing drugs?

    Guess the families teaching offenders to respect da bidness.
  • priapism
    priapism Member Posts: 2,305
    dnc said:

    priapism said:

    Looks like they found something to replace dates with.




    A Lebanese official says Beirut airport authorities have foiled one of the country’s largest drug smuggling attempts, seizing two tonnes of the amphetamine fenethylline before they were loaded on to the private plane of a Saudi prince.

    The official said the prince and four others had been detained on Monday. He spoke on condition of anonymity because he was not authorised to give official statements.

    The manufacture of fenethylline pills thrives in Lebanon and war-torn Syria, which have become a gateway for the drug to the Middle East and particularly the Gulf.

    In a 2014 report, the United Nations Office of Drugs and Crime says the amphetamine market is on the rise in the Middle East, with Saudi Arabia, Jordan and Syria accounting for more than 55% of amphetamines seized worldwide.
    http://www.theguardian.com/world/2015/oct/26/saudi-prince-held-two-tonnes-amphetamines-airport-beirut
    Doesn't the royal family execute people for dealing drugs?

    Guess the families teaching offenders to respect da bidness.

    The "four others" are in serious trouble.
  • Fire_Marshall_Bill
    Fire_Marshall_Bill Member Posts: 25,676 Standard Supporter
    That's if oil prices remain low. I remember clowns saying gas would never be below 3.50 a gallon in 2008. In 2009 it was 1.70.
  • PurpleReign
    PurpleReign Member Posts: 5,479
    OPEC is butt fucking our fracking bidness, they will be okay unless some shit changes
  • OZONE
    OZONE Member Posts: 2,510

    I understand economics.

    I don't understand Oconomics.

    Sounds like it's reversed for you, interesting.

    Your hearing is probably bad.

    My undergrad is in Econ -- and I used to do it for a living for a couple of fortune 500 companies. Yourself?
  • OZONE
    OZONE Member Posts: 2,510

    The world needs another failed country filled with fanatical Muslims

    But since this country is the primary financier of radical Islamists -- it won't hurt to have some of their money going away.
  • PurpleJ
    PurpleJ Member Posts: 37,643 Founders Club
    OZONE said:

    I understand economics.

    I don't understand Oconomics.

    Sounds like it's reversed for you, interesting.

    Your hearing is probably bad.

    My undergrad is in Econ -- and I used to do it for a living for a couple of fortune 500 companies. Yourself?
    I'll take obvious lies people tell on the internet for $2000, Alex.
  • 2001400ex
    2001400ex Member Posts: 29,457
    PurpleJ said:

    OZONE said:

    I understand economics.

    I don't understand Oconomics.

    Sounds like it's reversed for you, interesting.

    Your hearing is probably bad.

    My undergrad is in Econ -- and I used to do it for a living for a couple of fortune 500 companies. Yourself?
    I'll take obvious lies people tell on the internet for $2000, Alex.
    What is 75% of everything out of purple's mouth.

    I'm in the money, I'm in the money.
  • PurpleJ
    PurpleJ Member Posts: 37,643 Founders Club
    2001400ex said:

    PurpleJ said:

    OZONE said:

    I understand economics.

    I don't understand Oconomics.

    Sounds like it's reversed for you, interesting.

    Your hearing is probably bad.

    My undergrad is in Econ -- and I used to do it for a living for a couple of fortune 500 companies. Yourself?
    I'll take obvious lies people tell on the internet for $2000, Alex.
    What is 75% of everything out of purple's mouth.

    I'm in the money, I'm in the money.
    If I wanted a comeback, I would have told you to wipe it off your sister's face.
  • OZONE
    OZONE Member Posts: 2,510
    PurpleJ said:

    OZONE said:

    I understand economics.

    I don't understand Oconomics.

    Sounds like it's reversed for you, interesting.

    Your hearing is probably bad.

    My undergrad is in Econ -- and I used to do it for a living for a couple of fortune 500 companies. Yourself?
    I'll take obvious lies people tell on the internet for $2000, Alex.
    Say it to my face.
  • Fenderbender123
    Fenderbender123 Member Posts: 2,989
    I almost got a minor in econ....but she said no.
  • 2001400ex
    2001400ex Member Posts: 29,457
    PurpleJ said:

    2001400ex said:

    PurpleJ said:

    OZONE said:

    I understand economics.

    I don't understand Oconomics.

    Sounds like it's reversed for you, interesting.

    Your hearing is probably bad.

    My undergrad is in Econ -- and I used to do it for a living for a couple of fortune 500 companies. Yourself?
    I'll take obvious lies people tell on the internet for $2000, Alex.
    What is 75% of everything out of purple's mouth.

    I'm in the money, I'm in the money.
    If I wanted a comeback, I would have told you to wipe it off your sister's face.
    That was terrible. You got something better than that.
  • sarktastic
    sarktastic Member Posts: 9,208
    OZONE said:

    The world needs another failed country filled with fanatical Muslims

    But since this country is the primary financier of radical Islamists -- it won't hurt to have some of their money going away.
    Who is funding them?
  • Kaepsknee
    Kaepsknee Member Posts: 14,913
    OZONE said:


    https://www.reddit.com/r/worldnews/comments/3q744o/saudi_arabia_to_run_out_of_cash_in_fewer_than_5/

    This can't happens soon enough.

    I sure hope nobody from the Bush family (their butt buddies) is in any position to help them out.


    Once again Obama ahead of the curve.


    He's gonna help make IRAN the new SAUDI.
  • ThomasFremont
    ThomasFremont Member Posts: 13,325
    salemcoog said:

    OZONE said:


    https://www.reddit.com/r/worldnews/comments/3q744o/saudi_arabia_to_run_out_of_cash_in_fewer_than_5/

    This can't happens soon enough.

    I sure hope nobody from the Bush family (their butt buddies) is in any position to help them out.


    Once again Obama ahead of the curve.


    He's gonna help make IRAN the new SAUDI.
    Good.

    Iranians are hotter than Saudis anyways.
  • PurpleThrobber
    PurpleThrobber Member Posts: 48,116 Standard Supporter

    salemcoog said:

    OZONE said:


    https://www.reddit.com/r/worldnews/comments/3q744o/saudi_arabia_to_run_out_of_cash_in_fewer_than_5/

    This can't happens soon enough.

    I sure hope nobody from the Bush family (their butt buddies) is in any position to help them out.


    Once again Obama ahead of the curve.


    He's gonna help make IRAN the new SAUDI.
    Good.

    Iranians are hotter than Saudis anyways.
    PICS, DAMNIT!

  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,099 Founders Club

    salemcoog said:

    OZONE said:


    https://www.reddit.com/r/worldnews/comments/3q744o/saudi_arabia_to_run_out_of_cash_in_fewer_than_5/

    This can't happens soon enough.

    I sure hope nobody from the Bush family (their butt buddies) is in any position to help them out.


    Once again Obama ahead of the curve.


    He's gonna help make IRAN the new SAUDI.
    Good.

    Iranians are hotter than Saudis anyways.
    The ones that got out and moved to Beverly Hills are. The ones that #whyistayed are wrapped from head to toe.

    Fag religion
  • PurpleJ
    PurpleJ Member Posts: 37,643 Founders Club

    salemcoog said:

    OZONE said:


    https://www.reddit.com/r/worldnews/comments/3q744o/saudi_arabia_to_run_out_of_cash_in_fewer_than_5/

    This can't happens soon enough.

    I sure hope nobody from the Bush family (their butt buddies) is in any position to help them out.


    Once again Obama ahead of the curve.


    He's gonna help make IRAN the new SAUDI.
    Good.

    Iranians are hotter than Saudis anyways.
    PICS, DAMNIT!

    hardcorehusky.com/forums/#/discussion/24789/its-hard
  • Mad_Son
    Mad_Son Member Posts: 10,194
    edited October 2015
    Right now the Saudis are driving some of the US onshore companies out of business. Their credit lines are drying up and we're starting to see US production fall. I expect that in mid-summer 2016 Saudi Arabia will start to curtail production. While they do want to protect some market share they are hurting for cash and know they can cut production 20% to increase commodity price by 50+%. Most of OPEC desperately wants oil prices back and will happily work with the Saudis to prop prices back up. We won't see prices back over $100 soon because onshore US production can come back online pretty readily and will if the margin is there. I think we'll see some oscillation around $70 oil for some time to come starting late next year.
  • ThomasFremont
    ThomasFremont Member Posts: 13,325

    salemcoog said:

    OZONE said:


    https://www.reddit.com/r/worldnews/comments/3q744o/saudi_arabia_to_run_out_of_cash_in_fewer_than_5/

    This can't happens soon enough.

    I sure hope nobody from the Bush family (their butt buddies) is in any position to help them out.


    Once again Obama ahead of the curve.


    He's gonna help make IRAN the new SAUDI.
    Good.

    Iranians are hotter than Saudis anyways.
    The ones that got out and moved to Beverly Hills are. The ones that #whyistayed are wrapped from head to toe.

    Fag religion
    If you can't spot a hottie under a burka, I can't help you.
  • OZONE
    OZONE Member Posts: 2,510

    OZONE said:

    The world needs another failed country filled with fanatical Muslims

    But since this country is the primary financier of radical Islamists -- it won't hurt to have some of their money going away.
    Who is funding them?
    The Saudis.
  • 2001400ex
    2001400ex Member Posts: 29,457
    Mad_Son said:

    Right now the Saudis are driving some of the US onshore companies out of business. Their credit lines are drying up and we're starting to see US production fall. I expect that in mid-summer 2016 Saudi Arabia will start to curtail production. While they do want to protect some market share they are hurting for cash and know they can cut production 20% to increase commodity price by 50+%. Most of OPEC desperately wants oil prices back and will happily work with the Saudis to prop prices back up. We won't see prices back over $100 soon because onshore US production can come back online pretty readily and will if the margin is there. I think we'll see some oscillation around $70 oil for some time to come starting late next year.

    Unfortunately, supply and demand has had less of an impact on the price than the value of the US dollar. And the Saudi's are happy with oil closer to $60. That's the area of the break even point for oil in the Bakken oil field, where most of the US production has increased the last 10 years. So anything over that, the production will increase from the US and less oil will come from the Saudi's.