Blog
IMF Warns Saudi Arabia May Go Bankrupt by 2020
Posted Oct 23, 2015 by Martin Armstrong
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 [...]
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Oil & BIG BANG – the Government Funding Crisis on a Global Scale
Posted Aug 4, 2015 by Martin Armstrong
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 [...]
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Middle East Turning Net Borrowers?
Posted Jul 13, 2015 by Martin Armstrong
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 [...]
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Saudia Arabia Acknowledges End of Petrodollar
Posted May 23, 2015 by Martin Armstrong
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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