Saudi Arabia Threatens to Dump US Treasury Holdings if Congress Passes 9/11 Bill
Most of us are aware that Saudi Arabia played a major role in the 9/11 attacks. In fact, 28-pages of the 9/11 report have yet to be released and from all indications, it would appear that Saudi Arabia is implicated even more. However, now the Saudis are threatening to dump US Treasury holdings if Congress passes a new bill that would allow for the Saudi government to be held responsible in US courts for their role in the 9/11 jihad attacks.
The New York Times reports:
The Obama administration has lobbied Congress to block the bill’s passage, according to administration officials and congressional aides from both parties, and the Saudi threats have been the subject of intense discussions in recent weeks between lawmakers and officials from the State Department and the Pentagon. The officials have warned senators of diplomatic and economic fallout from the legislation.
Adel al-Jubeir, the Saudi foreign minister, delivered the kingdom’s message personally last month during a trip to Washington, 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.
Several outside economists are skeptical that the Saudis will follow through, saying that such a sell-off would be difficult to execute and would end up crippling the kingdom’s economy. But the threat is another sign of the escalating tensions between Saudi Arabia and the United States.
The administration, which argues that the legislation would put Americans at legal risk overseas, 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.
Of course, Obama is covering for the Saudis. As a former CIA asset informed America, Obama is an Indonesian citizen who was “bought and paid for by the Saudis.”
America’s partnering with the Saudis is a really bad idea in the first place, but apparently the US has become their lap dog due to our own debt.
Already, several 9/11 families have secured a legal victory to sue Saudi Arabia and have demanded the declassification of top secret 9/11 and FBI reports. As Joshua Cook previously reported in December 2013:
The hard work of JASTA [Justice Against Terrorism] and the 9/11 families paid off, though. This week a three-judge panel of the 2nd U.S. Circuit Court of Appeals ruled that they can legally sue Saudi Arabia. Stephen Cozen, a lawyer for the plaintiffs said, “This opinion is eminently correct and will give 9/11 victims their day in court. The parties will start over, and we are very, very satisfied that we will meet any defenses, both legal and factual, that are raised.”
On Wednesday, Obama is scheduled to arrive in Riyadh to meet with King Salman and other Saudi leader. There is no word yet as to whether or not the 9/11 bill will be talked about during that time, but I suspect it will be.
We are a free society, and as such, the 28 pages that have been withheld from the American people should be released. We’ve already been told they are not a matter of national security. However, they may be a matter of dealing with certain individuals who have sought to cover this up, both in the Bush and the Obama administrations.