Saudi Arabia threatens the USA: Will dump hundreds of billions of US Treasury Assets if 9/11 bill passes in Congress

[FAH1223]

[CigaalSHiiDaaDCFC]

what's this bill about?

[JSL3000]

Good.

[FAH1223]

what's this bill about?

Saudi officials have long denied any role in the Sept. 11, 2001, plot, and the 9/11 commission found no evidence the government was involved. However, critics say the vague wording left open the possibility that less senior officials or other parts of the Saudi government could have played a role, according to the Times.

Additionally, 28 pages of the 2002 congressional inquiry still haven’t been released to the public, which reportedly cite some evidence that Saudi officials living in the U.S. had some hand in the plot.

[AbdiWahab252]

It is a terrible development now that the stock market is back to approaching its high of 18K.

These crackers are something else. Under Obama, the market has nearly doubled and they still want to question his performance.

[gegiroor]

I think the whole story has not been told. Something is at play between US and Saudi Arabia, if the monarchy is "threatening" to dumb the US treasury notes. Let us get real though Saudi Arabia can't threaten US. However, I wish chicken comes back to roost to the House of Saud on what they did to Iraq, Syria, Lebanon, Yemen, Sudan, Lebanon, and Palestine.

[SultanOrder]

Damn if Saudi Arabia dumps it then Russia will and then it will be a rat race on who can unload it fastest. We are fucked if that happens.

[gurey25]

Not in the interest of Russia or China.
They are slowly and steady selling off treasury bills they don't want a crash because it will start ww3 and it messes up their long-term plans.

Saudi is bluffing but to be honest there is nothing that the US can do to them because there is no replacement for Saudi excess oil production.

If they had a competent Iraq occupation they could have boosted Iraq production and then dump the house of Saud.

But Iraq is permanently lost to the US.

[grandpakhalif]

This shows Saudi has alot of influence in US and can demand anything they desire like Israel

[zidane88]

Saudi-American honeymoon is at end and divorce proceeding Aka regime change on the way.

[FAH1223]

Congress Threatens To Seize Saudi U.S. Assets
Some current nonsense headlines in the U.S. media read like this: Saudis threaten sell-off of U.S. assets if 9/11 suits are allowed:

Saudi Arabia has warned the United States not to revoke its sovereign immunity, protecting the kingdom from lawsuits related to Sept. 11, or it will sell off hundreds of billions in American assets.
It is not the Saudis who are threatening something. It is the U.S. Congress that is threatening to lift the immunity of nation states in front of U.S. courts:

The Senate bill is intended to make clear that the immunity given to foreign nations under the law should not apply in cases where nations are found culpable for terrorist attacks that kill Americans on United States soil. If the bill were to pass both houses of Congress and be signed by the president, it could clear a path for the role of the Saudi government to be examined in the Sept. 11 lawsuits.
Under the bill a civil U.S. person could file in a U.S. court against nation states for acts or omissions(!) of that nation state related to some "terrorist act". U.S. courts are notorious for dubious rulings against foreign states, impounding and seizing huge assets of such states.


In 2012, Congress passed a law that specifically allowed victims of terrorist attacks allegedly related to Iran to collect judgements against the Iranian state. Judges started to rule in favor of billions in compensatory damages to victims and to impound even assets of Iranian charities. One of these cases and the anti-Iranian law are now in front of the U.S. Supreme Court.

Immunity against such judgments is standard international law and known as "acta iure imperii" - the principal that no foreign court can judge the liability of a nation state for acts and omissions in the exercise of the nation state's authority.

Should the U.S. Congress break that principal, any foreign national wealth fund, pension fund or otherwise state related institution could have its U.S. assets impounded under this or that dubious terrorism judgment.

The Saudis would be utterly stupid to leave even a penny invested in the U.S. or in U.S. bonds should that law pass.

This not because the Saudi state had something to do or not with 9/11. Even a claim that the Saudi state somehow neglected to prevent some of its nationals to commit terrorism could, under the new law, be enough to seize U.S. investment of a Saudi national wealth fund. The Saudis said they would withdraw their $750 billion in U.S. assets should the law pass. That would be simply a necessary and prudent move and announcing that move is not "a threat".

If the law should pass not only the Saudis but any other nation state could and should pass similar laws and allow their use against the United States. Some Russian widow of a solider who died years ago from wounds received in Afghanistan by U.S. supported Mujaheddin, aka terrorists, could have U.S assets in Russia seized as compensation. Many South America countries have fought against U.S. instigated terrorism. There are many victims who could sue over such cases and there are many U.S. assets to seize.

To sue against U.S. assets under such laws would be a profitable business for some enterprising lawyers. One wonders how Congress would react when the first U.S. assets get seized.