Obama's Saudi masters order him not to sign 9/11 bill
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Saudi Arabia is about to escalate their economic war with the United States should Congress pass a law that will allow victims of the 9/11 terrorist attacks to sue foreign states. The Obama administration opposes the bill and is lobbying against it.
It's not about the victims, it's about the Saudis.
LOS ANGELES, CA (California Network) - Saudi Arabia has threatened to sell billions in U.S. assets, which could depress the stock market, should Congress pass a law that would allow victims of terror attacks on U.S. soil to sue international organizations and governments behind the attacks.
Saudi Arabia has denied any involvement in 9/11, but the officials report contains 28 pages that remain censored from the public. It is suspected those 28 pages contain damning evidence that key figures in the Saudi government at least sponsored and supported al Qaeda, which could open the oil-rich kingdom to being sued.
The measure enjoys broad bipartisan support, but the Obama administration is opposed to it. Secretary of State John Kerry warned the bill could, "expose the United States of America to lawsuits and take away our sovereign immunity and create a terrible precedent."
The real reason the Obama administration is so opposed to it is because the Saudi government is the third largest holder of U.S. debt. It is unknown precisely how much they hold, but it could approach one trillion dollars. If Saudi Arabia made good on its threat, it could collapse the U.S. stock market, at least temporarily.
The problem is that U.S. spending, which remains out of control, is so great that many nations have power over the U.S. which they use to influence policies. Instead of the people deciding how the nations should be run, foreign governments enjoy undue influence.
Already, Saudi Arabia has damaged the U.S. oil industry by over-pumping oil and selling it at the lowest prices possible. This has resulted in many U.S. oil companies curtailing domestic production. Millions of Americans who work in the oil industry have become unemployed.
As long as the U.S. remains addicted to foreign debt and foreign oil, the nation will not enjoy independence. Instead, its laws, even common sense laws, will be subject to foreign approval.
Right now, a Saudi sell-off of U.S. assets could substantially damage the economy. The Arab state has been perfectly willing to destroy the U.S. oil industry. There's no reason to assume they are bluffing now. Faced with such a possibility, it is likely Obama will veto the bill, leaving victims of terror without justice.
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