This is incredible! My astrology prediction of Saudi Arabia having a financial crisis is now evident, as they have to borrow money for the first time in fifteen years!!!
After Oil Dropped: Saudis to Borrow for First Time in More Than Decade
The deficit is also going to be more than twice the $39 billion the oil-rich kingdom had anticipated after oil prices dropped by more than 50% in late 2014. It's going to be closer to $106 billion, said Jadwa Research in a report released Tuesday.
Saudi Arabia has also started drawing down its reserves of foreign currencies — which are vast at $714 billion as of the end of February — for the first time since 2009 to help cover the budget deficit.
The kingdom — which is also expected to post a current account deficit of $23.1 billion — does not want to rely solely on foreign reserves for financing its new shortfalls.
"The government is now expected to issue debt as part of its deficit financing strategy," Jadwa said.
While oil revenue is expected to drop by 35%, social spending has remained pretty much steady at $290.9 billion. About $30 million of the new deficit is attributed to a bonus of two months' pay or pension benefits which the new king, Salman, granted to current and retired Saudi state employees in January.
Jadwa's predictions were based on a forecasted 2015 price of $57 for a barrel of oil and an average 9.8 billion barrels produced per day. Current prices are around $50 a barrel, down from $115.06 on June 19.
Saudi Crude Production Surges
Nor is it anticipated that Saudi Arabia will cut crude oil production in order to shore up prices. In fact the country, which usually averages an output of 7 million barrels a day reached a peak of 10.3 million barrels a day in March — its highest rate since at least 2002 when the Joint Organisations Data Initiative began keeping records.
OPEC would not cut production unless non-OPEC members agreed to the cuts as well, oil minister Ali al-Naimi told Bloomberg, adding that he was optimistic that prices will rise in the coming year after 2014's plunge.
"Prices will improve in the near future," al-Naimi said. "The challenge is to restore the supply-demand balance and reach price stability. This requires the cooperation of non-OPEC major producers, just as it did in the 1998-99 crisis."
Read more: http://sputniknews.com/middleeast/20150409/1020641609.html#ixzz3WtWiW1tW
Now check out my December 2014 prediction with Saudi Arabia, especially under the Pluto and Neptune readings:
Saudi Arabia
Pluto ("transformation, often through crisis") stays in Saudi Arabia's second house ("liquid assets," financial resources," "savings accounts") throughout 2015. This may indicate a transformation of some kind involving their financial savings picture, and the dropping of the price of oil is highly suspicious for the reasoning of possible lowered income with this current (and possibly planned) financial crisis.
I expect the price of oil to continue to slide in 2015, but not beyond the end of 2015 (although I can be wrong. Commodities trading is one of the most unpredictable crafts anyone can partake in). Pluto transiting the second house defines a realization of how important money is, and Saudi Arabia may have certain limits that will disallow the oil slide continue, namely their own accounts.
Neptune will be forming an opposition to it's natal Jupiter Conjunction Neptune ("financial speculation," "intoxicating drugs," and "deception with one's laws or philosophy") placement during April 2015 and July through September of 2015. This could define either a very huge deception involving financial speculation taking place or a deception that involves the government, since the natal Jupiter Conjunction Neptune placement is in the tenth house, and the tenth house rules "the current leader or political party in charge," "the reputation of the government and its' leaders," and "business and government trends." I'm inclined to believe that there may be financial implications, especially with Pluto transiting the second house while this Neptune transit is taking place.
Uranus ("computer technology," "surprises," and "radical innovations") transits the fifth house of speculation throughout 2015, and this may indicate that there may be new electronic computer trading systems put in place to closely monitor the oil situation. It may also define unexpected surprises in regards to speculating. Uranus in the fifth can define shocking new forms of recreation and leisure, and hence there may be radical new activities of leisure and recreation allowed for the population.
Saturn is well-placed in the first house ("the entity's general image," the health of the nation," and "grassroots opinions"), but this 2015 position of transiting Saturn will be one involving Saturn transiting (backward and forward) over the midpoint of the natal Sun/Saturn throughout 2015. This could define a refusal of changes in their government or business models (that may result in much isolation of Saudi Arabia with the rest of the world), and this may affect their business status. This isolation may also be related to problems surfacing with Saudi Arabia's insistence on maintaining ancient customs and traditions that may have outlived their usefulness.
Lucky Jupiter is about to enter the tenth house ("government and business reputation," "the president (or king) and his ruling party," and "business trends") and this may be where we see oil either bottom or turn around in terms of price, especially in late 2015. A square between transiting Jupiter and transiting Saturn will fall close to the Midheaven (right after Jupiter crosses the Midheaven), so there may be a challenge or a scandal involving Saudi Arabia's reputation in some way during the late summer of 2015 (right before the business picture starts to improve dramatically).
Read more: http://www.ashtarcommandcrew.net/forum/topics/basic-astrology-2015-predictions-part-three-israel-iran-syria-and#ixzz3WtVlTb00
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