Tag: Saudi Arabia
Will Obama Pay Tax on $1.2 Million in Gifts from Saudi Arabia?
December 12, 2015
If you receive valuable jewelry as a gift, you cannot return to the USA without reporting it and paying the tax. The Saudi king gave Michelle Obama and her...
The Hunt for TaxesIMF Warns Saudi Arabia May Go Bankrupt by 2020
October 23, 2015
The IMF has come out and warned that Saudi Arabia may go bankrupt within the next five years if the government maintains its current spending habits. Some...
Middle EastOil & BIG BANG – the Government Funding Crisis on a Global Scale
August 4, 2015
Saudi Arabia pumped a record 10.564 million barrels per day in June, showing that as prices decline, a record level of production is unfolding. Governments in the...
Energy Middle EastMiddle East Turning Net Borrowers?
July 13, 2015
Further evidence that 2015.75 is really the peak in a Massive Debt Bubble: The Middle East has always been on a cash basis as their revenues from oil exempted them...
Forecasts Middle EastSaudia Arabia Acknowledges End of Petrodollar
May 23, 2015
Saudi Arabia has announced the end of the petrodollar is upon the world by 2032 — the peak in the ECM. They now announced plans to invest by 2032 a total of...
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