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Will be very interesting to see how this plays out. It looks like there may be enough support in Congress to make passage of the bill veto-proof. If the Saudi
by leroy_masochist 11y ago
Will be very interesting to see how this plays out.
It looks like there may be enough support in Congress to make passage of the bill veto-proof.
If the Saudis follow through and dump $750bn of assets, it will basically be economic warfare. If anyone has any links to estimates of how much the yield on Treasurys would go up in that contingency, please share.
I wonder if they would actually follow through, because a natural response would be for the US to withdraw military support, which would be very bad indeed for the Saudis if done to a meaningful extent.