Saudi's cut social subsidies...

[CosmicCowboy]

Interesting.

Wonder if they can keep the natives in line when they quit buying domestic tranquility with massive subsidies for the non-royalty.

http://www.bloomberg.com/news/articl...lunge-iiqbmg4x

Authorities announced increases to the prices of fuel, electricity and water as part of a plan to restructure subsidies within five years. The government intends to cut spending next year and gradually privatize some state-owned en ies and introduce value-added taxation as well as a levy on tobacco.
The biggest shake-up of Saudi economic policy in recent history coincides with growing regional unrest, including a war in Yemen, where a Saudi-led coalition is battling pro-Iranian Shiite rebels. In attempting to reduce its reliance on oil, the kingdom is seeking to put an end to the population’s dependence on government handouts, a move that political analysts had considered risky after the 2011 revolts that swept parts of the Middle East.
“This is the beginning of the end of the era of free money,” said Ghanem Nuseibeh, founder of London-based consulting firm Cornerstone Global Associates. “Saudi society will have to get used to a new way of working with the government. This is a wake-up call for both Saudi society and the government that things are changing.”

[RandomGuy]

Interesting.

Wonder if they can keep the natives in line when they quit buying domestic tranquility with massive subsidies for the non-royalty.

http://www.bloomberg.com/news/articl...lunge-iiqbmg4x

Authorities announced increases to the prices of fuel, electricity and water as part of a plan to restructure subsidies within five years. The government intends to cut spending next year and gradually privatize some state-owned en ies and introduce value-added taxation as well as a levy on tobacco.
The biggest shake-up of Saudi economic policy in recent history coincides with growing regional unrest, including a war in Yemen, where a Saudi-led coalition is battling pro-Iranian Shiite rebels. In attempting to reduce its reliance on oil, the kingdom is seeking to put an end to the population’s dependence on government handouts, a move that political analysts had considered risky after the 2011 revolts that swept parts of the Middle East.
“This is the beginning of the end of the era of free money,” said Ghanem Nuseibeh, founder of London-based consulting firm Cornerstone Global Associates. “Saudi society will have to get used to a new way of working with the government. This is a wake-up call for both Saudi society and the government that things are changing.”

Saw that. Be interesting to see how this shakes out.

[boutons_deux]

Will Saudis cut payments to its Wahhabi terrorist sect?

[Wild Cobra]

Will Saudis cut payments to its Wahhabi terrorist sect?

I really wish they would kick your stupid ass out of here.

[Winehole23]

Will Saudis cut payments to its Wahhabi terrorist sect?

Being that Wahabbism is the other prong of Saud's social control, probably not.

[Winehole23]

Saudi Arabia is burning through foreign reserves at an unsustainable rate and may be forced to give up its prized dollar exchange peg as the oil slump drags on, the country’s former reserve chief has warned.



“If anything happens to the riyal exchange peg, the consequences will be dramatic. There will be a serious loss of confidence,” said Khalid Alsweilem, the former head of asset management at the Saudi central bank (SAMA).



“But if the reserves keep going down as they are now, they will not be able to keep the peg,” he told The Telegraph.

http://www.telegraph.co.uk/finance/e...escalates.html

[ChumpDumper]

I really wish they would kick your stupid ass out of here.

That was actually one of his more relevant posts.

[hater]

Saudi intelligence service can still control the populace. Just like any other Fascist nation. Don't forget they are beheading at a much higher rate than ISIS.

[RandomGuy]

Being that Wahabbism is the other prong of Saud's social control,[they will] probably not [cut support of wahhabist sects].

+1

[hater]

Also don't forget Saudis flow the oil money back to the US economy through buying US treasuries. This has happened for decades. They are not only our allies but a part of our organism. Sure they support terrorists but we are ed either way

capitalism