Oct 08

Saudisbenz

Saudi Arabia Declares Spending Moratorium As Oil Rout Bankrupts Kingdom:

Last month, when King Salman arrived in Washington to a fleet of Mercedes S-Classes, we asked if, considering the current circumstances, cutting back on spending might be in order. Indeed, in the wake of Saudi Arabia’s move to tap debt markets, rumors have been circulating for months that the kingdom has enlisted the help of “advisers” to help rein in the ballooning deficit. Now, Riyadh has effectively declared a spending moratorium in the face of self-inflicted crude carnage.

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One Response to “Saudi Arabia Declares Spending Moratorium As Oil Rout Bankrupts Kingdom”

  1. squodgy Says:

    In the olden days, stupidity was best dealt with by being thrashed with a bunch of nettles.

    The outcome of the deliberate Saudi culling of world oil prices to appease the Rothschild world hegemony was always obvious.

    Chickens always come home to roost!

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