Topic: Saudi Bonds

Saudi Arabia has issued its first sovereign bond, raising $17.5 billion to offset falling oil revenues and a massive budget deficit. A former New York banker explains that the kingdom is slashing investment projects while continuing to spend heavily on U.S. military hardware, including F-35 fighter jets. The hosts discuss how this debt will be used to fund the ongoing war in Yemen.

Saudi Arabia has threatened to sell $750 billion in U.S. assets if the JASTA bill becomes law, potentially destabilizing the global bond market. Simultaneously, the Saudis offered to cut oil production only if Iran agrees to freeze its own output.

A detailed reading of Senate Bill 2040 reveals the legal framework for holding foreign nations accountable for terrorist acts. Saudi Arabia has reportedly threatened to sell $750 billion in U.S. Treasury bonds if the bill is enacted, a move that could disrupt global financial markets.