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Why Saudi Arabia would have been bankrupt by 2017

Yahoo Finance Video

As Obama wraps up his historic visit to the Middle East, fundamental change is underway in the Kingdom of Saudi Arabia. Under the leadership of the 31-year-old Crown Prince, Prince Mohammed bin Salman, the Gulf state is restructuring to reduce its dependency on oil. It’s also reigning in wasteful spending. According to Bloomberg, the numbers are staggering—some $100 billion per year was being wasted. And it gets worse. The Saudi’s realized last year that they’d