Saudi Arabia stockpiled over $116.8 billion of U.S. Treasuries as of March 2016, the Treasury Department announced on Monday, ending four decades of keeping the figure secret.
That makes Saudi Arabia the 13th largest foreign holder of U.S. debt, though well behind the $1 trillion-plus owned by China and Japan each. The Saudi figure was first reported by Bloomberg News based on a Freedom of Information Act request.
The new Treasury report also revealed that the Cayman Islands, a country of less than 60,000 people, owned $265 billion of U.S. Treasuries as of March. That’s the third-highest sum in the world and a reflection of the nation’s status as a major tax haven. The Cayman Islands does not have a corporate tax, encouraging multinational companies to store vast sums of money there to avoid taxes.
Likewise, Bermuda, another popular tax haven, is sitting on $63 billion of U.S. debt. Previously both the Cayman Islands and Bermuda were lumped together in a group of Caribbean banking center nations.
It is possible that Saudi Arabia owns even more U.S. debt than what was revealed on Monday. That’s because Saudi Arabia’s central bank listed owning $587 billion of foreign reserves as of March. Typically, central banks park the majority of their foreign reserves in U.S. Treasuries. In other words, the numbers don’t really add up.
One possibility: Saudi Arabia could be taking a page out of China’s playbook. Many analysts believe China owns U.S. debt through custodial accounts in Belgium, a relatively tiny country that listed owning over $154 billion of U.S. Treasuries as of March.
In 610 AD: 100% non-Muslims lived in the Middle East. Today, after 1,400 years of racist ethnic cleansing by Islam: At most 5% non-Muslims living in the Middle East. Islam has begun the same process in Europe & US.
“The answers might surprise you (or maybe not). Ever wonder why CNN and Time are so blatantly pro-islamic & Anti-Trump . Ever wonder why these weasels want are tooo eager to toe liberal / islamic propaganda/Anti-Trump??
A good chunk of AOL Time Warner is owned by Prince Alwaleed Ibn Talal the Saudi billionaire. It is well known that Prince AlWaleed is a front for the Saudi royal family. All of the oil money that is swindled from Aramco the Saudi oil company is “invested” by Prince Al Waleed and his company.”
“And he added $450 million to existing shares in AOL Time Warner. “The price was very cheap at around $23,” the prince said.
“I believe in the power of the AOL brand and I am already a shareholder in this global media giant. Therefore, when the price reached lucrative levels, we decided to increase our stake. The weakness in AOL’s stock price is temporary as it reflects the temporary weakness in several areas in which it is involved,” Alwaleed said.”
Rupert Murdoch and Saudi connection.
The phone hacking scandal bruised Murdoch’s reputation and prompted questions about his leadership of the company. But Alwaleed, who has had shares in News Corp. for many years, remained loyal throughout. Even as he acknowledged in 2012 that the scandal was “not helping the name of the company,” Alwaleed gave a vote of confidence to the embattled Murdoch.
“We have a strategic alliance with Rupert Murdoch for sure and I have been with him for the last 15 or 20 years,” Alwaleed said. “My backing of Rupert Murdoch is definitely unwavering.”
Alwaleed expressed similar feelings in a statement on Wednesday, saying that Kingdom Holding Company is both confident in News Corp.’s management and “fully supportive of Rupert Murdoch and his family.”
No wonder CNN and other mainstream media in US is Anti-Trump.
There are perfectly sound reasons to be against Trump and to like CNN, but to deny that CNN is biased against Trump is to deny the obvious.
Beyond political bias there is propaganda and beyond propaganda there is disinformation and psychological warfare.
What CNN has been up to,openly, for at least the last 6 months is way beyond bias and somewhere between propaganda and political/psychological warfare.
Since the start of the campaign, “Trump bashing” has been a theme of many of CNN’s political programs like those hosted by Anderson Cooper and Don Lemon. If you have been watching these programs, you would have realised even the hosts are biased against Trump – facilitating the Hillary supporters, interrupting and disputing the Trump supporters and even denouncing Trump themselves. In recent weeks as Trump surges in the polls ahead of Hillary, this “Trump bashing” somehow intensified.
Somehow, CNN has a vested interest in keeping the Democratic candidate afloat. When Hillary lied to the CIA and failed to disclose her pneumonia health issue, CNN barely mentioned but when Trump did the slightest thing that incurred the wrath of the Democrat supporters, CNN would go all out to nail the entrepreneur and blow the issue out of proportion.
I believe the media should not be used as a political tool to promote (or denounce) any candidate. It should be unbiased in its reporting. But unfortunately, things are not what we expect them to be and the establishment has to go if America wants to see any changes for the better. There is simply too much corruption in the White House.
CNN like all other major news outlets is currently experiencing the fourth stage of a social movement life cycle. Decline. Meanwhile Donald trump is taking advantage of the second stage of a social movement life cycle. Growth. Here is a basic outline of the four stages of a social movement, and how they apply to today’s political environment.
STAGE 1: The Emergence of a social movement.
The current social movement is that the American people feel like they cannot trust the supposedly objective media, or the people who run their government. Both the liberal and conservative masses are tired of having their emotionally charged convictions reduced to strong opinions that can be voiced at home, but not in the town square. While the other side rants and raves at full volume.
Conservatives feel like they cannot even watch tv with their children. Every sitcom and every movie seems to have a gay or transgender character telling them it is normal to not be who God made you. While liberals are enjoying a taste of freedom, feeling that they can express who they are without judgment or oppression. Only to be met with hostility when it becomes evident that all things are not equal.
In 2008 Obama took advantage of the first stage of this emerging social movement. He showed up on the scene as the “new guy” the political outsider with “fresh idea’s” and won the opportunity to have a historic presidential bid as the first black president. Those in favor of the things he stood for felt that he was going to do great things, those who opposed it felt their hands were tied, and they were being over-ruled by an agenda they did not agree with.
STAGE 2: The Coalescence of a social movement.
Coalescence: It is no longer just a general sense of unease, but now a sense of what the unease is about and who or what is responsible. This is the stage when the social movement and the issues it focuses on become known to the public.
In 2016 Donald Trump simply inverted everything the last 8 years has represented and took advantage of the second stage or the coalescence of this social movement. Those who are done with political correctness, the professionals telling them how to think, what to do and not do, and those who are tired of politicians that ruin the economy, change the way it is measured and say, “oh look how much good we have done.”
Trump’s supporters are not even close to being concerned about the future. They are in fact quite optimistic. They are in favor of the things he stands for and they feel that he is going to do great things. While those who oppose him feel like their hands are tied, and they are being over-ruled by an agenda they do not agree with.
Donald Trump being a total outsider gets to take advantage of the fact that we are only in stage two of this current social movement. He can shame the media whenever they try to shame him. Even if the media is 100% right and he is a 100% wrong, Trump gets to push back and most of his supporters, and even some who do not support him will think it is awesome that he did not have to be controlled by the biased media.
Per the agenda of this current social movement, people are tired of the media and the professionals treating them like they do not know how to think for themselves, and even going so far as telling them how to think. They are tired of not being able to stand up for their emotionally charged convictions. They are tired of being lied to about how great things are, when everything in their life, and their neighbors life points to the opposite.
STAGE 3: The Bureaucratization of a social movement.
In 2020 if Donald Trump has consistently convinced companies to invest in the American economy, even if he does it at a slower rate then Obama did, Trump will get re-elected just so that the work he is doing can continue. If in 2024 Trump has met the requirement of his base to Make America Great Again by convincing companies to invest in the American economy then Mike Pence will be the third vice president in history to succeed his boss and be elected President of the United States of America. If Trump only succeeds at doing the opposite and Makes America Scared Again, then a hot shot democrat running on the message of Hope and change will become the 46th President of the United States.
STAGE 4: The Decline
Right now professional politicians are in stage four of their social movement. They have not proven they know how to create an environment where most people feel they have unlimited opportunity. They have instead proven that when banks offer bad loans, and desperate people accept those offers, and the whole economy hits the tank because of it, the government will bail out the bank, but not the homeowner. This is how it is viewed, it does not even matter if it is true. How do explain to the people who lost their homes that no preference was given to Bank of America or Wells Fargo, or any of the other banks that received bail out money?
Professional politicians have proven that when Wall Street investment companies make bad investments, or renewable energy source startups waste their initial investment, or when major companies with a lot of employees get into trouble, they will bail them out, and at the same time make life harder on the small business owner. Go ahead and try to tell the small business owners who are required to meet tougher standards just to stay in business, and who pay higher tax rates then the big companies that it is about scale, not special interest lobbying companies like Boeing, AIG and Morgan Stanley.
The media is also in stage four (decline) of their own social movement cycle. They are no longer the trusted source they used to be known as. In fact all you have to do to figure out what is going on with the media is read Donald Trumps twitter. The media reports something Trump says it is not that way, and Trumps twitter is the honest truth, while the media gets labeled as fake news. The media has been doing this to themselves since before they declared Dewey the winner and Truman the loser the night Truman was re-elected. Now technology allows people to get their news from someone they feel will be honest with them. Even if they are flat out lying.
The media, and the professional politicians are going to have to ride out this fourth stage of decline for quite a while unless they get on board with the idea that the average person wants results they can measure in their own personal life. Not just a bunch of hype about how great things are, when they can see very clearly in their own life, that things are not ok. If Trump can convince a company to stay in the US and even if that company only decides to keep 1/2 or 1/3 of the jobs they were going to cut. Trump has done more for the average American then any newspaper, television station, radio broadcaster, or professional politician. That is just a reality that comes along with stage 2 of this current social movement.
This movement will not move to stage 3 or stage 4 until we go around stage 2 a bunch more times. Electing more outsiders, and history making presidents. First black, first asian, first mexican, first woman, first person to be elected office without any prior government or political experience. Outsiders who offer solutions that have been ignored by the professional politician in years past.
If you do not like the way it is, learn to get involved and make a difference. After all it’s not like your going to say something that might offend someone, or do something that will disqualify you. Trump already said something worse than you could think of, and he already did things most people do not agree with, and he still got elected president.