"It's All Gold"- Saudi King Arrives In DC, Books All Rooms At The Four Seasons

Tyler Durden's picture

Over the past month or so, we’ve spent quite a bit of time detailing the effect the death of the petrodollar has had on Saudi Arabia’s financial position. Recapping briefly, Riyadh’s move to Plaxico itself in an effort to bankrupt the US shale space late last year has forced the kingdom to draw down its petrodollar reserves to ensure that ordinary Saudis aren’t affected by plunging crude. Add in a proxy war (or two) and you get a budget deficit of 20% to go along with the first current account deficit in ages. The cost of maintaining the riyal’s peg to the dollar doesn’t help either. 

The situation described above has caused the Saudis to tap the debt market to help fill the gap and indeed, some estimates show the country’s currently negligible debt-to-GDP ratio climbing by a factor of 10 by the end of next year. 

But make no mistake, all of the above should not be mistaken as a suggestion that the Saudis aren’t rich - very rich, and if you had any doubts about that, consider the following description from Politico of King Salman's arrival in Washington for his first meeting with President Obama:

In anticipation of King Salman bin Abdulaziz of Saudi Arabia’s stay, the Four Seasons hotel in Georgetown has done some redecorating — literally rolling out red carpets in order to accommodate the royal’s luxurious taste.

 

Eyewitnesses at the property have seen crates of gilded furniture and accessories being wheeled into the posh hotel over the past several days, culminating in a home-away-from-home fit for the billionaire Saudi monarch, who is in Washington for his first White House meeting with President Barack Obama tomorrow.

 

“Everything is gold,” says one Four Seasons regular, who spied the deliveries arriving at the hotel. “Gold mirrors, gold end tables, gold lamps, even gold hat racks.” Red carpets have been laid down in hallways and even in the lower parking garage, so the king and his family never have to touch asphalt when departing their custom Mercedes caravan.

 


 

The guests staying at the 222-room hotel for the next couple of days are all part of the 79-year-old king’s entourage of Saudi diplomats, family members and assistants, one source said; a full buyout of the entire property was reserved for the visit. Guests who had booked to stay at the Four Seasons during the royal visit have apparently been moved to other luxury hotels in town. A call to the Four Seasons confirmed the hotel is sold out Thursday, Friday and Saturday nights.

 

King Salman, who ascended the throne in January, has a habit of displacing commoners for his own comforts; this summer, during a sojourn to the French Riviera, his eight-day stay forced the closure of a popular beach, enraging locals. Salman rolls deep, with a reported 1,000-person delegation joining him for his seaside August vacation.

 

Wall St. Journal reporter Carol Lee snapped this photograph of Salman's entourage arriving at Andrews Air Force Base on Thursday:

The king will reportedly discuss a number of rather pressing issues with the Obama administration including Riyadh's involvement in Yemen, where, as we detailed on Thursday, a former US counterterrorism "success story" is now on the verge of splitting into two separate countries. Of course the Iran nuclear deal will also come up, especially in light of the fact that, as The New York Times noted earlier this week, "Republicans are considering legislative options to counter the deal, including the possible reimposition of sanctions the agreement is supposed to lift," now that the President has secured the support he needs to sustain a veto of a GOP challenge.

Perhaps more importantly, the two leaders will also discuss Syria and oil prices, with the latter issue now having a rather outsized impact on America's shale producers as well as on US majors' capex plans. Needless to say, the real question from a geopolitical perspective is whether Obama and King Salman come to any closed-door agreements on Syria where, as Al Jazeera delicately puts it, the US and Saudi Arabia are set to orchestrate a "managed political transition."

*  *  *

Meanwhile, over at The White House blog:

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junction's picture

The King is here to personally giving marching orders to his henchman Obama.

hedgeless_horseman's picture

 

 

With no elections in Saudi Arabia, the disenfranchised will eventually be forced to vote from the roof tops, if they want freedom of speech, freedom of religion, liberty, fair trials, etc.

The USA is doing its best to assist the King in delaying this until we get all of our oil out of their country.

UndergroundPost's picture

Hey Salman, we don't recognize human "royalty" here in the US. We fought a revolution to get rid of posers like yourself. Just so we're clear, there's only one King to whom every knee will bow, including you Salman: God's appointed Sovereign, King Jesus.

VinceFostersGhost's picture

 

 

You can go ahead and spec the POO all you want......but the King is here to make a deal.

Paveway IV's picture

I understand Obama had dozens of fresh Yemeni baby livers flown in for al Aziz. He's grown quite fond of them, and Obama himself has taking a liking to them.

Hillary is furious - her entire shipment was diverted to al Aziz and now she's going to have to settle for Mexican babies again. The outrage!

BaBaBouy's picture

He Has Taste... "" EVERYTHING Is GOLD ""

Secret Treaties's picture

Or perhaps meet their fate on a gold guillotine.

Four chan's picture

he should have booked a whole motel 6 just to be ironic.

J S Bach's picture

Gold is supposed to have the chemical property of not being tarnished.  But, these scumbags flaunting the precious metal gives it a lot less luster.

y3maxx's picture

F*ck Saudi Arabia, the Fed, Congress, and Wall Street.

BurningFuld's picture

There is actually no rule against using fuck here.

Hans-Zandvliet's picture

Yeah, thank god for just one place that isn't using hypocrisy to gag people's ways to express themselves.

Thanks Zero Hedge!

tenpanhandle's picture

Fuck Zero Hedge:)  Just expressing my freedoms.  Feel free to downvote.

Inevitability's picture

Hey some respect! I'm wearing my Zero Hedge golf shirt here.

 

When lifes got you UP and everything seems awesome! Zero Hedge is there for you.

 

When you decide to scrap those 'bomb shelter' plans, well Zero Hedge has your back.

 

After breakfast with the sunlight pouring into the kitchen on a beautiful day, you just have to go to one site where you have best chance of seeing a picture of a clown puking rainbows to set yourself straight.

Lore's picture

Re: "Riyadh’s move to Plaxico itself..." <-- WTF is "Plaxico?"  I look it up and find some football player. Relevance, please?

DumpsterFire's picture

Well, now we know why he has not and cannot afford to take in a single Syrian refugee.  Good luck Germany.  They will continue to pass the trash as long as you let them. 

Handful of Dust's picture

NPR interviewed several Syrian refugees and all of them said not one Arab nation would take them.

Umh's picture

Sssssssssssssssh. Don't tell'em, let'em fiqure it out.

Fukushima Fricassee's picture

And that is one good fucking reason to post here.

Sanity Bear's picture

a-fucking-men

 

This would be an absolutely AWESOME time to declassify those 28 pages, don't you think?

Likstane's picture

You forgot the Bamster....I got it...Fuck B. Hussein Obomber too

Sweet Chicken's picture

I am only posting to share what may be the stupidest idea ever! 

http://joeforamerica.com/2015/09/gun-boxes-coming-to-tacoma/

 

Theosebes Goodfellow's picture

So the king with the bling is coming to the ring to do his thing with the American porch negro. Dimes to donuts the porch negro bows to him. Oh, and fuck Fuck.

There, done. Happy Labor day Friday all!

Four chan's picture

the trillion dollar man is going to treat obummer like a bitch.

Fukushima Fricassee's picture

Obama likes being a bitch, ask Reggie, Mike or Vallery.

cheeseheader's picture

Bow down brown cow, lower, lower, hold it, okay you may kiss the ring....

 

Good Boy

847328_3527's picture

I'd feel better if someone like The Donald was negotiating with the Arab as opposed to Hussein Barry.

gizmotron's picture

Wait, this couldn't be reality. Not real life. Nobody is this perverse and twisted.

Head_Shots_Work's picture

Heck, I'm installing one of those in front of my house. Course, I will be emptying it every night into my personal, uh - 'bottom of the lake' storage location.

J Jason Djfmam's picture

H_S_W, Are you installing a American porch negro in front of your house?

HowdyDoody's picture

What could possibly go wrong?

 

giovanni_f's picture

Or perhaps meet their fate on a gold guillotine.

Glamour meets justice. Book me a front row ticket.

+1

greenskeeper carl's picture

Hope he enjoys the luxury. I have doubts that kingdom will last through the end of this decade.

lordkoos's picture

Americans better hope it doesn't.  I'm not a fan but if S.A. became our enemy, welcome to $10 a gallon gas.

quartshort's picture

Maybe BP et al would reach into their vault of suppressed technology buyouts and help us low lifes out?

naaaaw... didn't think so.

Bilderberg Member's picture

How do they keep those white keffiyehs spotless?? I would have spagetti sauce all over it by lunch.

max2205's picture

Every hooker on the east coast is 'booked' for the weekend

And weed is in short supply now that it's legal in DC 

indygo55's picture

They ramped up the production line at Planned Parenthood last month in anticipation of the windfall. 

knukles's picture

Yum!  And what a state dinner it will be!

ilion's picture

It's good that the oil money will run forever.

PS! I'm being ironic.