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I think the 7T number is his concept of what he can probably get a bunch of oil sheiks to give him.
by cdchn 2y ago
I think the 7T number is his concept of what he can probably get a bunch of oil sheiks to give him.
- j_maffe 2y agoThe GDP of UAE is 500B, 1.1T in Saudi, and 230B in Qatar. It'd take them decades to provide that kind of money.
- churchill 2y agoAll the sovereign wealth funds of the entire Arab Gulf hold less than $3 trillion, saved over decades. And mostly illiquid assets where you can get a 20-30% haircut if you liquidate quickly. Even if they wanted to, they can't even give him $100b/yr for 10 years (i.e., $1 trillion). It's just not feasible or possible. They don't have it anywhere.
- j_maffe 2y agoExactly. Even the US would have to dip into their savings to show that kind of money within a few years.
- cdchn 2y agoIt'd probably take decades to build that many fabs anyways.