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New King Orders $29 Billion 'Handouts', Tells Saudi People: "You Deserve More"

Tyler Durden's picture




 

Because nothing says "we really do fear social unrest... and please stick with the new king" like Saudi Arabia spewing a massive $29.3 billion spending program that include lavish payments of two months bonus salary to all Saudi state employees and a series of subsidies. As al-Arabiya reports, King Salman bin Abdulaziz has issued a number of decrees because - as he wrote on Twitter (which you may remember is considered "the source of all evil" by the Grand Mufti of Saudi Arabia) "Dear Citizens, you deserve more," adding "do not forget to include me in your prayers."

As Al-Arabiya reports,

Saudi Arabia’s newly inaugurated King Salman bin Abdulaziz has issued a series of landmark orders that ushered in fresh new faces into state institutions and awarded financial support for many Saudis.

 

 

And the king ordered a total of $30 billion (112 billion Saudi Riyals) spending in the oil rich kingdom.

 

The king ordered a lavish payout to all state employees on Thursday and reshuffled some top government jobs while keeping in place the oil, foreign, finance, defense and interior ministers.

 

The top oil exporter will pay two months bonus salary to all state employees and pension to retired government workers, he said in a series of decrees read aloud on state television a week after Salman succeeded his brother Abdullah as king.

 

Included in the handouts was $5.3 billion (20 billion riyals) pledged in subsidies for electricity, water, and housing.

 

And in a commitment to the arts, King Salman pledged $267,000 for each art club in the kingdom.

 

There was also good news for students, people with special needs and those on social welfare who will also receive two months income.

*  *  *

 

 

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Mon, 02/02/2015 - 20:33 | 5737085 Romney Wordsworth
Romney Wordsworth's picture

So... inbetween blowjobs... Obammy's whisperings really made an impression I see...

Mon, 02/02/2015 - 20:35 | 5737099 The Gooch
The Gooch's picture

"Panem en suicide bombs"

Mon, 02/02/2015 - 20:41 | 5737110 Romney Wordsworth
Romney Wordsworth's picture

What part of:

 

"The king ordered a lavish payout to all STATE employees" does the <ABOVE> junker NOT UNDERSTAND?

 

Oh I know... It must be CH1 & his usual shenanigans, tomfoolery, & ballyhoo...

Mon, 02/02/2015 - 20:46 | 5737136 kaiserhoff
kaiserhoff's picture

Tevya's blessing for the Tzar.... actually the rabbi's,

May God bless and keep the Tzar,

    far away from us!

Mon, 02/02/2015 - 20:48 | 5737145 Romney Wordsworth
Romney Wordsworth's picture

Ya da da dadda dadda didda daddy di!

Mon, 02/02/2015 - 22:19 | 5737442 wee-weed up
wee-weed up's picture

How do you say "EBT card" in Arabic?

Mon, 02/02/2015 - 23:09 | 5737586 Save_America1st
Save_America1st's picture

in Yoda voice:

Hmmmm....yesssss...strong with this one, the FSA is...

Tue, 02/03/2015 - 09:22 | 5738408 FEDbuster
FEDbuster's picture

Abdulazizphones for everyone!

Mon, 02/02/2015 - 23:33 | 5737646 Greenskeeper_Carl
Greenskeeper_Carl's picture

The Saudis have a 'war chest' of several hundred billion dollars to draw on. Although this recent drop in oil prices hurts their bottom line, a lot, they still have some of the lowest costs of extraction in the world , and they are not dropping production. Essentially they are betting that they can help drive the oil price low enough and keep it there long enough to shut down higher cost/ barrel producers like the us /Canadian shale fields as well as Russia, while at the same time using that surplus of dollars to keep their peasants in line(and their heads off a pike) so that the price goes back up before they run out of money. It will be interesting to see how this plays out.

Tue, 02/03/2015 - 03:24 | 5738024 MansaMusa
MansaMusa's picture

At least the king offered the peasants something very substantial, what did the Repukes or Barry Odumbo give the peasants?  Not even a 2% wage tax abolishment?   Wake me up when America rightfully implodes and crashes !

Tue, 02/03/2015 - 04:20 | 5738069 cynicalskeptic
cynicalskeptic's picture

'Merikans are MUCH cheaper to bribe.....  an EBT card works for the masses - and look how cheaply our politicians can be bought

Tue, 02/03/2015 - 09:15 | 5738391 stockbroker
stockbroker's picture

The peasants there make more money than you make. To them, You are the peasant

Mon, 02/02/2015 - 20:47 | 5737147 Canadian Dirtlump
Canadian Dirtlump's picture

I and many others said on day 1 when oil was cArshing and many were giving the usual "the saudis can afford 40 dollar oil", that in fact they, for reasons of political survival, are the last country in the wolrd who can handle perniciously low oil prices.

 

This illustrates that point perfectly.

Mon, 02/02/2015 - 21:39 | 5737292 Overfed
Overfed's picture

All I know is that it would be a hell of a thing to be a fly on the wall when the wheels fly off that bitch. Imagine a whole country whose entire population consists of bored, horny, repressed, ill-mannered, and poorly disciplined teenagers. The only thing keeping them in check is a generous allowance.

Tue, 02/03/2015 - 03:25 | 5738027 MansaMusa
MansaMusa's picture

Jealous are we?  I can admit that I am...

Mon, 02/02/2015 - 23:46 | 5737700 NoPension
NoPension's picture

It's just like here in Murica. More for the .gov workers. And the term "workers" is generous.

Mon, 02/02/2015 - 21:33 | 5737284 Harbanger
Harbanger's picture

King Salman Bin sounding like a Democrat strategist.

Tue, 02/03/2015 - 04:37 | 5738093 iclouding
iclouding's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com

Mon, 02/02/2015 - 20:32 | 5737086 Chickun
Chickun's picture

Let's see you anti-semitic cocksuckers defend THIS!

...

G-ddamn it, wrong article. Now I don't get paid for this comment. Fucking Megaphone (TM) software acting up.

 

Mon, 02/02/2015 - 20:34 | 5737094 Romney Wordsworth
Romney Wordsworth's picture

acting? try again...

Mon, 02/02/2015 - 20:40 | 5737123 Chickun
Chickun's picture

Or, you could use full sentences, to actually explain what you mean. Give it a go. It's exhilirating.

Mon, 02/02/2015 - 20:52 | 5737134 Romney Wordsworth
Romney Wordsworth's picture

Son ~ You don't really want to mess with me now do you?

 

Hint: you could start by attaching the link that you #FUKKED up doing the first time...

 

By the way... What's the weather like in Ft. Meade tonight?

 

ZH'ers, raise a toast! ~ we have another LIVE ONE [5 days old ~ fresh from the incubator]

Mon, 02/02/2015 - 20:51 | 5737163 Chickun
Chickun's picture

What link? I never tried to attach one.

But you're right. I don't want to mess with a guy who's hinting he may be Burgess Meredith. You could know Rocky.

Whaddaya say we forget about this? Let’s hug and make up...

Hey, I didn’t say you could put your hands on my ass!

And gimme back my wallet!

I mean it! It’s got my membership card for the William Shatner fan club! *You’re playing with fire!*

 

 

Mon, 02/02/2015 - 21:24 | 5737192 Romney Wordsworth
Romney Wordsworth's picture

 "G-ddamn it, wrong article. Now I don't get paid for this comment. Fucking Megaphone (TM) software acting up."

 

Jesus Tapdancing Christ on a Fudgesicle balanced on a spinning hotplate... For as innoculous as these comments are/were, you seem to have the RED ARROW ARMY [which usually accompanies these comments from a 5 weeker] on full alert...

 

Relax pal! I'm sure you'll get paid your promised sheckels in the end...

Mon, 02/02/2015 - 21:30 | 5737276 Chickun
Chickun's picture

You're magnificent when you're angry.

But I still want my William Shatner fanclub card back.

Come on man. Don't Jew me on it.

 

Mon, 02/02/2015 - 21:46 | 5737326 Romney Wordsworth
Romney Wordsworth's picture

What do jews have to do with any of this?

Mon, 02/02/2015 - 22:13 | 5737411 ZH Snob
ZH Snob's picture

what don't the jews have to do with any of this?

there ya go, chickun.  now you'll get paid.

Mon, 02/02/2015 - 20:50 | 5737157 WOAR
WOAR's picture

Well, I thought I had seen everything...and now I've had my dose of Chickun.

Then again, the Superbowl Rally commercial foreshadowed this day...

Mon, 02/02/2015 - 21:00 | 5737166 Romney Wordsworth
Romney Wordsworth's picture

WOAR ~

"It never ends..." ~ Achilles of Sparta

Mon, 02/02/2015 - 20:33 | 5737096 TeamDepends
TeamDepends's picture

I'll have those towel-heads voting Saud for 100 years!

Mon, 02/02/2015 - 20:52 | 5737162 nmewn
nmewn's picture

Lyndon Bin Aziz!...lol.

Tue, 02/03/2015 - 03:31 | 5738035 MansaMusa
MansaMusa's picture

Thanks for the racist comment Mr. Hollywood, diabetes, prozac, land of the free "democracy".

Tue, 02/03/2015 - 08:03 | 5738273 nmewn
nmewn's picture

Yes, Johnson was a bigot.

Mon, 02/02/2015 - 20:37 | 5737101 Son of Captain Nemo
Son of Captain Nemo's picture

"Dear Citizens, you deserve more," adding "do not forget to include me in your prayers."

From the People...

Dear King

You're going to need a lot more than paper money to fix the last 5 decades alone!!!!

Oh isn't it such fun when the lions are showing a 4th and 5th rib and are hungry out of their minds for the dinner they've never had....

Like "King"!

Tue, 02/03/2015 - 02:39 | 5737978 omrizario
omrizario's picture

Behead those who don't pray for him!!!

Mon, 02/02/2015 - 20:39 | 5737103 earleflorida
earleflorida's picture

Pepe Escobar and David Hearst:: "The Saudi Palace Coup"      http://atimes.com/atimes/Middle_East/MID-02-260115.html

old news, but all is relative in the quasi-universe of chaos 

Mon, 02/02/2015 - 20:41 | 5737116 redwater
redwater's picture

Collapse must close. Elites bribing now.

 

American elites scared - look at the Drudge Report right now. They're pushing HARD for Scott Walker.

Neocon radio hosts going crazy over new wunderkind Scott Walker because he's not a Bush or Clinton.

Oops! Looks like He's a Bush:

http://www.dailypaul.com/290921/whoa-wisconsin-governor-scott-walker-is-...

 

It's a Bush or Clinton. There are no other choices.

So dictates Israel and Saudi Arabia. They need a reliable guy for when the fireworks starts for TLWW (The Last World War).

Mon, 02/02/2015 - 21:04 | 5737204 Romney Wordsworth
Romney Wordsworth's picture

I'm on board with that except to say...

 

IT NEVER ENDS!

Mon, 02/02/2015 - 20:40 | 5737117 XRAYD
XRAYD's picture

He met with Obama last week ... !

Mon, 02/02/2015 - 20:46 | 5737141 kaiserhoff
kaiserhoff's picture

How conveeeenient.

 

Mon, 02/02/2015 - 20:55 | 5737172 nmewn
nmewn's picture

Ok, one last time..."If you like your serfdom, you can keep it!"

Mon, 02/02/2015 - 20:44 | 5737129 Bangalore Torpedo
Bangalore Torpedo's picture

So this dude is giving away treasure from the royal coffers, and just yesterday I read some conspiro-nutjob assert that this dood was descended from some Meccan Jew colony from Mohamhead's time.

So which is he?  The stereotypical greedy, miserly Jew or just your average spendthrift sandjigger?

Mon, 02/02/2015 - 20:49 | 5737148 Romney Wordsworth
Romney Wordsworth's picture

Conundrum answer = YES

Mon, 02/02/2015 - 20:47 | 5737139 buzzsaw99
buzzsaw99's picture

wow, actually giving some to the people. what a concept. the fed just gives it to maggots.

Mon, 02/02/2015 - 20:48 | 5737149 Cacete de Ouro
Cacete de Ouro's picture

$29 billion is small change to the amount the Saudis spent on 9/11 attacks and bribes etc

Mon, 02/02/2015 - 20:56 | 5737176 Romney Wordsworth
Romney Wordsworth's picture

Don't tell that to 'Chickun'

Mon, 02/02/2015 - 20:50 | 5737155 richiebaby
richiebaby's picture

How does one become a Saudi citizen? A friend of mine wants to know

 

Mon, 02/02/2015 - 20:52 | 5737158 Bunga Bunga
Bunga Bunga's picture

Sounds familiar? Salmancare?

Mon, 02/02/2015 - 20:56 | 5737174 are we there yet
are we there yet's picture

29 billion buys a lot of votes from an unproductive populace. The arab version of the FSA. Outside of oil, what what productive or intelligent thing has ever come out of the arab panensulia?

Mon, 02/02/2015 - 21:06 | 5737209 Itch
Itch's picture

These guys would be fucked without oil, i can't stand them. If the executioners chop of one head and get paid for two, is it still socialism?  

Mon, 02/02/2015 - 21:20 | 5737234 Chuck Knoblauch
Chuck Knoblauch's picture

Hey King! I support you. Can I have some too.

No US dollars. Gold only. Live long and prosper.

Tue, 02/03/2015 - 06:14 | 5738170 Refuse-Resist
Refuse-Resist's picture

Everybody wants some!

I want some too!

 

https://www.youtube.com/watch?v=fAktV72_nnE

 

ROCK ON!

Mon, 02/02/2015 - 21:29 | 5737274 Martian Moon
Martian Moon's picture

Major miscalculation

Kindness, being fair... is seen as weakness in the region

He should have started out his rule with a massacre, or two, then a purge, followed by more massacres

Mon, 02/02/2015 - 21:29 | 5737279 Chuck Knoblauch
Chuck Knoblauch's picture

Leave the King alone, punk.

Mon, 02/02/2015 - 21:33 | 5737296 Martian Moon
Martian Moon's picture

I forgot to add a blitz of  beheadings / stonings

Since you're his new bff, would you let him know

Mon, 02/02/2015 - 21:36 | 5737307 Chuck Knoblauch
Chuck Knoblauch's picture

Die infidel!

Mon, 02/02/2015 - 21:29 | 5737278 VAD
VAD's picture

King Salmon is as ugly as a sockeye (pig blood upon him).

Mon, 02/02/2015 - 21:40 | 5737313 Atomizer
Atomizer's picture

Breastfeeding Saudi Men for UN Oil scandal 2015. Let’s watch Emily give you her digital tits to prime another war… Must watch.. You’ll get it! It’s much better now..Start from beginning first.

 

Image Metrics Tech Demo (HQ) (2008)

Image Metrics - The Digital Emily Project

Mon, 02/02/2015 - 21:50 | 5737336 Wild Theories
Wild Theories's picture

Giving out some free goodies is the "proper" thing to do whenever a new monarch comes to the throne.

It's a human tradition, and has being done since antiquity across many civilisations.

Europe used to do it just as often not so long ago as well, when states were still kingdoms.

 

stop parroting MSM memes Tylers, doing something that kingdoms and monarchies have always done is hardly evidence of "fearing social unrest"

Mon, 02/02/2015 - 23:35 | 5737653 Balkan
Balkan's picture

"Black Friday" is regularly happening every year.

But still working OK.

Mon, 02/02/2015 - 21:59 | 5737369 I Write Code
I Write Code's picture

wtf, "spending program" is coincidentally the exact same size as their annual budget?

Mon, 02/02/2015 - 22:00 | 5737376 DontFollowMyAdv...
DontFollowMyAdviceImaDummy's picture

Memo to King,

QE FOR THE PEOPLE?! You're doing it wrong...

 

 

Mon, 02/02/2015 - 21:59 | 5737379 Dragon HAwk
Dragon HAwk's picture

Aw Man and here i thought the Worlds Helicopters were warming up..

Mon, 02/02/2015 - 22:09 | 5737408 MollyHacker
MollyHacker's picture

Now if the Greeks could just get theirs.

Mon, 02/02/2015 - 22:31 | 5737493 KittyStix
KittyStix's picture

When all else fails...

Pay them off...

Mon, 02/02/2015 - 23:19 | 5737613 directaction
directaction's picture

At $45/bbl he'll have a good time paying for all this. 

Mon, 02/02/2015 - 23:40 | 5737676 Balkan
Balkan's picture

The two months bonus salary and pension will be spent quickly. Then Dear citizens will remember only You Deserve More.

Tue, 02/03/2015 - 00:50 | 5737827 Villageidiot777
Villageidiot777's picture

So they are giving out paper with funny pictures. That should help when they do not have energy or food left.

Tue, 02/03/2015 - 03:50 | 5738045 CHX
CHX's picture

That all looks like very sustainable financial and fiscal actions, no ?

Tue, 02/03/2015 - 03:58 | 5738054 Panic Mode
Panic Mode's picture

Dear powerfuless plebs,

   Do not fear me, in fact workship me. I can behead you but I can also make you moar rich. I am your new moarmal.

Your new god in throne

 

Tue, 02/03/2015 - 06:17 | 5738173 noname
noname's picture

Crazy,liberal I dont care since 2007 I have always thought that this would be the best case for the USA it would work and would save us billions and prop the middle class who has been screwed since the 1990's this will help the people who were ass raped by corporations who stole their pensions and savings which were held in the corporations they worked their lifetimes.

Tue, 02/03/2015 - 08:04 | 5738275 Chippewa Partners
Chippewa Partners's picture

As good a reason as any to go long Tesla's

Tue, 02/03/2015 - 09:02 | 5738357 d edwards
d edwards's picture

Yes Virginia, there is a Saudi Claus. 

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