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Frank Hovis

Islam to splutter and die?

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I would say that this is the beginning of the end, and: Hooray!

All the Saudi influence with governments that has pushed "tolerance" of mediaeval barbarism around the world on a tide of money and generous contracts has begun to splutter to a halt as the money runs out.

The licence to print money that is the state oil company, Aramco, is being sold off. They hope for $2tn but analysts' estimates say $400bn. And when that's sold, what's left?

https://www.rt.com/business/378720-saudi-arabia-aramco-woodmac/

Add to that this byword for money has just had to sell its first government bond, $9bn, not massive but shocking that it's had to do it all in order to cover a budget deficit of $50 - 100bn that it's running each year:

https://www.rt.com/business/384588-saudi-arabia-sukuk-issuance/

And it's clear that the magic muslim money machine has just coughed for the first time. It's not on the point of having to be pushed into a layby on the A303 just yet but the only way is down and back to date growing and camel herding.

 

Marvellous news :Beer:

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13 minutes ago, Frank Hovis said:

I would say that this is the beginning of the end, and: Hooray!

All the Saudi influence with governments that has pushed "tolerance" of mediaeval barbarism around the world on a tide of money and generous contracts has begun to splutter to a halt as the money runs out.

The licence to print money that is the state oil company, Aramco, is being sold off. They hope for $2tn but analysts' estimates say $400bn. And when that's sold, what's left?

https://www.rt.com/business/378720-saudi-arabia-aramco-woodmac/

Add to that this byword for money has just had to sell its first government bond, $9bn, not massive but shocking that it's had to do it all in order to cover a budget deficit of $50 - 100bn that it's running each year:

https://www.rt.com/business/384588-saudi-arabia-sukuk-issuance/

And it's clear that the magic muslim money machine has just coughed for the first time. It's not on the point of having to be pushed into a layby on the A303 just yet but the only way is down and back to date growing and camel herding.

 

Marvellous news :Beer:

Ill drink to that!

 :Beer:

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They have been hiding the truth about their reserves for years, been pumping like crazy for the last 6 or so and the marketing of the company is the giveaway clue that it is over the hill.

Saudi could rapidly turn into a max max version of the Yemen once their Jihadist buddies come home to roost around the centre of the cults universe.

The Royals will become horse racing ex-pats until the dosh runs out, then try to open Saudi fast food joints in Londonistan but the food does not has mass appeal.

58efe78719845_saudifast.jpg.0666ae3af6a0f3cce067311dbba68b5b.jpg

Edited by Chewing Grass

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1 minute ago, Chewing Grass said:

They have been hiding the truth about their reserves for years, been pumping like crazy for the last 6 or so and the marketing of the company is the giveaway clue that it is over the hill.

Saudi could rapidly turn into a max max version of the Yemen once their Jihadist come home to roost around the centre of the cults universe.

The Royals will become horse racing ex-pats until the dosh runs out, then try to open Saudi fast food joints in Londonistan but the food does not has mass appeal.

58efe78719845_saudifast.jpg.0666ae3af6a0f3cce067311dbba68b5b.jpg

<img class="ipsImage ipsImage_thumbnailed" data-fileid="117" src="https://www.dosbods.co.uk/uploads/monthly_2017_04/58efe78719845_saudifast.jpg.0666ae3af6a0f3cce067311dbba68b5b.jpg" alt="58efe78719845_saudifast.jpg.0666ae3af6a0f3cce067311dbba68b5b.jpg"/>

I'm not convinced chewy, that burger looks good to me. 

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16 minutes ago, Frank Hovis said:

 

 

And it's clear that the magic muslim money machine has just coughed for the first time. It's not on the point of having to be pushed into a layby on the A303 just yet but the only way is down and back to date growing and camel herding.

 

Merkel could wangle EU funding to help out.

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1 minute ago, Chewing Grass said:

It's a genuine Saudi one, don't know what that pink thing is in the middle though and guess the mushrooms might be flown in.

Uummm, not sure now then chewy.  Whatever the meat, it's not going to have had a good slaughter. Think I will pass. o.O

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Saved this years ago as it was so good, it was written in 2003 and details what happens over the next 60 days (in diary format) in the USA through the eyes of an everyday US worker once the opil stops flowing from Saudi.

It is actually a short but very good read.

60 Days.pdf

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12 minutes ago, Sgt Hartman said:

I hate the Saudis however it's what replaces them that worries me.

Vaccumes in the Middle East tend to be filled with something worse than what previously occupied it.

True. At least what replaces it wont have the financing of Mosques in Europe as a priority.

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31 minutes ago, Chewing Grass said:

Saved this years ago as it was so good, it was written in 2003 and details what happens over the next 60 days (in diary format) in the USA through the eyes of an everyday US worker once the opil stops flowing from Saudi.

It is actually a short but very good read.

60 Days.pdf

Frankly, it doesn't sound too bad. 

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I worked in the Middle East and a favourite topic of expat conversation was how quickly the ME would sink without oil. All their main industries like aluminium and cement are oil dependent. 

The conclusion was it would become a shithole within years. Arabs have a bad education and a terrible work ethic. We had a science graduate in the office and she couldn't work Excel. They import labour in to do all the jobs for them.

Their master plan is to have tourism as their post oil industry. Lol, who wants to go somewhere that is unbearable hot for 6 months of the year and where you can't pump a bird on the beach.

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26 minutes ago, Wahoo said:

When the oil's gone....why not simply turn the whole area into a big piece of glass?

 

The oil doesn't even need to run out, as their population increases and modernises, they consume more of their own oil, rather than export.

If Aramco is worth 400Bill, that will not go far running a 100Bill deficit

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The story quoted and the premise on this thread has got it all the wrong way around. It is not any danger of running out of oil, the existential thread to the Kingdom of Stupid Arabs is that new technology has simultaneously increased worldwide production and lowered demand from established consumer countries.

 

The perfect example of this phenomenon is the US become a net oil exporter once again. This will only increase as Teslas replace Fords and the shale oil guys keep cutting their costs and improving their extractive techniques.

 

Ironically, worldwide, there is going to be a massive replication of this, as countries copy the US tech on shale and transport becomes more electrified.

 

This is what the Kingdom of Stupid Arabs were trying to smother out with their back-firing price war and they will learn the hard way when one day, maybe sooner than anyone thinks, backfire will refer to their personal fates.

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8 hours ago, Sgt Hartman said:

I hate the Saudis however it's what replaces them that worries me.

Vaccumes in the Middle East tend to be filled with something worse than what previously occupied it.

I agree with that. I just hope western politicians leave them to it though and not invite them into europe.

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Anyone know how all those salafist mosques are funded? Are they paid for outright or are there mortgages on them? How are repairs funded? Basically, are they going to get repossessed or start falling down when the Saudi money stops flowing?

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9 minutes ago, This Time said:

Anyone know how all those salafist mosques are funded? Are they paid for outright or are there mortgages on them? How are repairs funded? Basically, are they going to get repossessed or start falling down when the Saudi money stops flowing?

National lottery grants?

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