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> When was the last time you bought something made in Saudi Arabia? Given just how much ownership they have in American companies, I imagine it would have been
by iofj 11y ago
> When was the last time you bought something made in Saudi Arabia?
Given just how much ownership they have in American companies, I imagine it would have been quite recently. Probably your mortgage is partly Saudi as well.
Of course this only works for the Saudi elite, not for normal Saudis.
> Its an end of an era. The war in Yemen keeps aggression pointed outward, but as soon as the populace tires and the payoffs stop coming it will turn inward
I would be terrified if I lived in a nation that has >30% foreigners that are kept from being citizens and kept out of the vast majority of decent jobs.
- deleted 11y ago[deleted]
- Retric 11y agoFor perspective 1% US GDP for 6 years is more than All foreign investment by Saudi Arabia.
- deleted 11y ago[deleted]
- adventured 11y agoSaudi Arabia is almost entirely irrelevant financially compared to the scale of the US. It's a piker to put it nicely. The US owns around 43% of all global wealth. Saudi's foreign reserves (~$595 billion) represent the equivalent value of 2% of just the US residential housing market. Or a bit more than the market cap of one Apple or Google.
- tim333 11y agook but "Saudi Aramco's value has been estimated at anywhere between US$1.25 trillion and US$10 trillion" or like 10 Apples. Plus they have other assets.