1y ago

Saudi Arabia Threatened to Sell Off Europe’s Bonds If EU Seized Russian Assets

www.kyivpost.com

Saudi Arabia Threatened to Sell Off Europe’s Bonds If EU Seized Russian Assets – Bloomberg

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1y ago

Saudi Arabia Threatened to Sell Off Europe’s Bonds If EU Seized Russian Assets

www.kyivpost.com /post/35611

51 comments

Again: do it. The sooner we can cast off the yoke of the Middle East's hold on our power generation via oil, the better. Things like this can only accellerate the process: good. Keep it up and accellerate even more.
- Just a tip, in political circles acceleration is generally a term to avoid. It's a loosely defined, dogshit ideology. https://en.m.wikipedia.org/wiki/Accelerationism
  
  True, but I'm only talking about specifically cutting ties with the M..E (gradually) and transitioning to a green energy model ASAP, not about the wider political implications.
  
  It's very clear that's not what OP was talking about
i am starting to think excessive rich people are not THAT good for society
- Eat the rich.
  
  I know that no one is actually serious when they say this, but I think all it would take would be one.
  If we just drag Bezos or Musk out in the streets and have an actual barbecue with them I feel like the rest would start to support a wealth tax pretty fucking quickly.
  
  Dibs on the Bezos bbq ribs
- Money is not true value, currency is a placeholder for true value that is used to facilitate trade. Rich people are worth less than the profits they extract from coordinating labor. But they extract enough to think they're still better than those they exploit.
- You're on a list now.
- Domestic terrorist spotted
Call. Their. Bluff.
We'll see if Saudi Arabia's attempt to control the West works this time. They sure do a good job with the U.S. despite being behind 9/11.
Sell to whom? Do Euro bonds work differently than in the US?
You can sell bonds in the US and it's only slightly different from selling a stock. The bond changes hands, but the government debt and interest payments remain static. (The buyer and seller get to deal with premium/discounts and accrued interest, but that has zero effect on the underlying debt from the issuing government)
I don't understand why this would be a bad thing for them to sell.
- Europe is selling new bonds all the time, and the price buyers will be willing to pay for them will fall.
  
  I don't see how KSA selling their bonds on secondary market will lower the "price" of new issue.
Using bonds to blackmail the European Union? I hope they will be barred from buying bonds for all eternity.
And how much UAE assets is held in Europe?
- Do they have anything other than oil?
  
  I'm sure they have a large pile of money parked in Europe, just like Russia does.
  
  I know they have lots of luxurious properties in France
- How many elected officials are there in Europe?
If the Saudis disinvested from the dollar and started selling oil in yuan, it would severely weaken US soft power around the world. At the same time, seizing the assets would remove a bargaining chip from potential peace talks. And those assets likely wouldn't be enough for Ukraine to win anyway.
Turns out when you steal other countries' assets (as with Venezuela), other countries stop trusting you with their money and start trusting other countries (like China) with it instead. If they wanna speedrun losing a second cold war, that's the way to go.
- Lol no one is trusting China and their heavily manipulated currency
  
  Tell that to the countries participating in the BRI.
  
  You think the USD isn't manipulated?

51 comments