Heart skipped a beat that somehow there was a link between Saudis and $GME
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I seem to remember reading about an under the table deal back in the 80s. We keep oil prices high they buy T-bills and the Russians got kicked.
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They're plowing money everywhere.They bought up a shit ton of cruise line stocks while they were low and now are getting in on a high-performance electric vehicle company. They mostly just have a lot of money. I think they also bought up the rights to parking meters in Chicago(?)
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it gives SA leverage in the same way the treasury holdings give China leverage, zilch. Might change at some point in the future, but not now
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"BBBBBuuuuut, the Saudis could replace treasuries with Chinese Yuan". GLWT
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@ByrneHobart mentioned once how saudi oil being sold for US dollars that they then plowed right back into US real estate CDOs via sovereign investments in hedge funds provided some of the tinder for 2008 - End of conversation
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