...and now for the rest of the story!
That Japanese investment money Trump announced today? Turns out it's from Saudi Arabia!On Tuesday afternoon, President-elect Donald Trump excitedly announced that telecommunications giant SoftBank Group has pledged to invest $50 billion in the U.S. and create 50,000 new jobs.
The deal sounds great on the surface. After all, who could possibly argue with a $50 billion infusion and 50,000 jobs gained in the U.S. economy?
Now, what if you were told that the money was actually coming from the government of Saudi Arabia?
Here’s what Trump left out of his grand announcement:
According to the Wall Street Journal, the majority of the investment will come from a $100 billion investment fund that SoftBank set up in partnership with the Kingdom of Saudi Arabia.
The Saudi Arabia Public Investment Fund, which is controlled by the Saudi royal family, is the fund’s lead partner, the report added. This means that most of the money Mr. Son is going to invest in America is actually coming straight from Riyadh, and not through his Japan-based conglomerate.
The fund is overseen by Saudi Deputy Crown Prince Mohammed bin Salman bin Abdulaziz. Notably, the Saudi royal, who is the most powerful member of the family (outside the king himself), made sure to congratulate Trump on his election victory in November....
See more at:
https://www.conservativereview.com/commentary/2016/12/that-japanese-investment-money-trump-announced-today-turns-out-its-from-saudi-arabia#sthash.WwRaCdF2.dpuf
