Saudi Arabia Threatens to Crash the Dollar if Congress Exposes their Role in 9/11 Attacks

Saudi Arabia Threatens to Crash the Dollar if Congress Exposes their Role in 9/11 Attacks



April 17, 2016
By Jay Syrmopoulos


A bombshell report by the New York Times has revealed that Saudi Arabia, the third largest holder of U.S. Treasury bills in the world behind China and Japan, has warned the Obama administration and Congress that they will begin liquidating their U.S. assets if Congress passes a bill allowing for the Saudi government to be held responsible for their role in the terror attacks of 9/11.

Make no mistake that this is blackmail, as the Saudis are estimated to hold three-quarters of a trillion dollars in T-bills and the sudden divestment would almost certainly crash the dollar as well as global markets along with it.

Perhaps this explains Obama’s unwavering support for the Wahhabi regime, as congressional aides and administration officials have confirmed that the President has been lobbying Congress to block passage of the bill. Administration officials have warned Senators that if the Saudis make good on their threat, there would be extreme economic and diplomatic fallout.

The bill before the Senate is meant to clarify that the immunity enjoyed by foreign nationals should not be applicable to cases where a nation is found responsible for a terrorist attack on American soil. If passed, the bill would effectively clear the way for the role of the Saudi government to be explored in the numerous lawsuits filed regarding 9/11.

Realizing their complicity in the events of 9/11 are on the precipice of being exposed, Saudi Arabia has gone into full panic mode. They are now threatening to liquidate hundreds of billion in U.S. denominated assets, and perhaps as much as $750 billion in U.S. T-bills (the NYT’s estimate of Saudi Treasury holdings).

During last month’s visit to Washington, Saudi Arabian Foreign Minister Adel al-Jubeir delivered a message from the Saudi King, reportedly “telling lawmakers that Saudi Arabia would be forced to sell up to $750 billion in treasury securities and other assets in the United States before they could be in danger of being frozen by American courts,” according to the NY Times.


The spectacular threat by the Saudis was not expected, as speculation about using divestment of T-bills as a weapon was largely thought of as a potential threat to be wielded by the Chinese in the event of a major geopolitical conflict with the United States. Surprisingly, it was the Saudis that are the first to threaten to use this potentially devastating economic weapon.

The threat is indicative of a continually deteriorating relationship with the Saudis, as the U.S. and the Kingdom have been at odds over how to deal with Iran. Many experts are skeptical of the threat by the Saudis due to the fact that the move, would in turn, decimate the Saudi Arabian economy, as their currency is pegged to the dollar.

According to the NY Times report:

Quote :

Obama has been lobbying so intently against the bill that some lawmakers and families of Sept. 11 victims are infuriated. In their view, the Obama administration has consistently sided with the kingdom and has thwarted their efforts to learn what they believe to be the truth about the role some Saudi officials played in the terrorist plot.


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