From ZeroHedge: Saudis plan $40 billion US investment to "cement ties with Trump." The lede:
Having gone all-in on a Hillary Clinton victory ahead of the elections, Saudi Arabia has quickly pivoted in its "appreciation" of the Trump administration, and having realized that the fastest way to Trump's heart is through the US Treasury's bank account, it is preparing to invest an "unprecedented" amount of money in the US.
According to Bloomberg, the Kingdom’s sovereign wealth fund will announce plans to "deploy as much as $40 billion into U.S. infrastructure." The investment will likely be unveiled as early as next week when Trump is scheduled to visit the kingdom.
While it is clear why Saudi Arabia is eager to appease Trump - after all the all important Aramco IPO is coming up, and the Saudis will be eager to open the world's biggest public offering in history to as many US accounts as possible while doing everything in their power to stay on America's good side - Bloomberg's explanation that Riyadh felt "shunned by President Barack Obama, who crafted the 2015 nuclear deal with their Shiite rival Iran" leaves a bit to be desired: after all Saudi Arabia has consistently been the best customer of the US military-industrial complex for the past decade, and to claim that it had troubled relations with the previous administration is naive at best.
What is certain, however, is that Saudi Arabia would have been delighted had Hillary Clinton become president, considering the millions in "donations" the Clinton Foundation received from Saudi Arabia and its peer Gulf states over the years.Be that as it may.
The bottom line: now that President Obama is out of office, the Saudis will be eager to open the world's biggest public offering in history to as many US accounts as possible while doing everything in their power to stay on America's good side.
Several readers sent me this story: it is found at various links. Easy to find.
When I saw the article, this was my reply to the reader who sent me the lnk:
Hyperdrive: what US state is likely to get the bulk of that $40 billion?All I can say is "wow."I get tired of everyone complaining about Trump (we all do, of course). Most of his problems come from his communications team (Spicer, Huckabee, Conway, etc) pandering to the press. Fire them all, and let Trump tell his own story. If anyone seriously follows what Trump is doing and seriously follows his tweets, they would be quite surprised by how much he is accomplishing in making America great again.