Mike Ruppert talked about how we might see the collapse of the Saud monarchy. This looks so much more probable now
As Oil Prices Fall, Saudi Arabia Borrows $10 Billion to Stay Afloat
Saudi Arabia is borrowing $10 billion from a range of US, European and Asian banks, as the kingdom attempts to fill a record $98 billion budget deficit amid dropping oil revenues.
21 April, 2016
The loan is Saudi Arabia's first international debt issuance in 25 years, which came as the country's main source of revenue fell 23% last year. The lead arrangers, each contributing around $1.3 billion, include the Bank of Tokyo-Mitsubishi, HSBC and JPMorgan. The loan has been provided despite a sharp downgrade recently in Saudi Arabia's creditworthiness.
The Saudi government initially planned to raise some $6-$8 billion through a five-year loan, but that amount was raised by the Saudi Finance Ministry to $10 billion.