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$1.7 trillion or 2* the holdings at Fort Knox? All the Royal Houses of the Arab Gulf can't even have that much money liquid, even with 365 days' heads up. And,
by churchill 1y ago
$1.7 trillion or 2* the holdings at Fort Knox? All the Royal Houses of the Arab Gulf can't even have that much money liquid, even with 365 days' heads up. And, no: don't do a "trust me bro," here. At their peak, ARAMCO made $161b in profits in 1 year - and the bulk of that goes towards the general pop. in the form of subsidies, etc. Simply, $1.7 trillion doesn't exist anywhere in such liquid form.
If you claim there are hundreds of stealth billionaires with $1-$20b in cash & assets, I'll readily believe that: African kleptocrats' kids, Middle East royalty, European heirs with a low profile, Russian oligarchs, etc. But, not $100b. Or a trillion. That's an insane amount of money, larger than the GDP of like 80% of the world's countries.