EFTA02455352.pdf

From: jeffrey E. <[email protected]> Sent: Monday, August 15, 2016 6:37 PM To: Terje Rod-Larsen Subject: Fwd: draft Forwarded messa - From: aziza alahmadi > Date: Mon, Aug 15, 2016 at 10:38 AM Subjec=: Re: draft To: "jeffrey E." <[email protected] <mailto:jeevacatio=@gmailcom» Cc: Raafat Alsabbagh < ><=1" I will review it and get back to you . Regards, Aziza <=div> Sent f=om my iPhone On Aug 15, 2016, at 7:39 PM, jeffrey E. <[email protected]=m> wrote: I got the message reQ=A0 operational suggestions and Aramco specifical=y Let me being by making a medical analogy= In my view what the kingdom needs is a financial =ealth check - up , evaluation, diagnosis and personalized prescriptio=. The prescription would address immediate care, midterm=care and longer term equivalent to lifestyle changes. For Raafat and I that would mean more exercise better die=. and regular chest x rays, mri s et=. For the Kingdom . evaluate the current financial posi=ion. assets. liabilities. strengths weaknesses, opportu=ities needs, stresses , resources , abilities. drains on the s=stem, regulatory restrictions, and most important how to take advant=ge of the fact that the Kingdom is a sovereign nation and not =erely a wealthy corporation or individual. re individuals Keep in m=nd the Forbes 400 alone has a total wealth this year of over 3 trillion do=lars. You have asked me to make = prescription without seeing the patient. In medical terms that woul= be malpractice. but . as I have great respect and fondness for my n=w friends . I will do my best , though it must be kept in the =/span>forefront of your mind that changes will be necessary according to=C24> the details and priorities of the Kingdom. pronounced by them = not by my interpretation. 1 =. Aramco. . the kingdom is being treated as one of the =any wealthy but unsophisticated investors. wall street and consulta=ts look upon this opportunity as taking a cow to slaughter. =C240 The Kingdom in my EFTA_R1_01557924 EFTA02455352 understanding would like to diversify its economy =nd be Money rich , to give it flexibility and security. takin= the co public is an idea of 25 years ago. it is silly, 4>=A0 shareholders are the last thing the kingdom needs. they a=e eventual weapons in any attack. world wide regulations banki=g securities etc have tilted the balance of power in their favor , at leas= for the time being , having a public co. comes wi=h many unnecessary constraints, future lawsuits. U.S. =13.1 only the beginning. ). etc. Having money, =inancial power is not equal to having a public vehicle with reams of=disclosures. legal minefields . all good for lawyers and banke=s but certainly not the best path for a SOVEREIGN. =/div> a) money needs . domes=ic and int'l / shou=d the kingdom consider its own internal currency in addition to worl= currency. like the IMF , special depository receipts.=C240 these SDRs were created for a specif=c purpose. the equivalent can be created for SA internal use. = note any solution that does not take into account the vast i=creases in computer power and Internet ie=C20 the public offering of Aramco should be immediately suspicious.l>=A0 The military would never use weapons of the 60s in today's battles=C2. , so it should not use antiquated solutions to the financial problem= of today. b. the kingdom can i=sue debt backed by oil, currency exchangeable into oil.=? it would be the strongest currency quickly as most countries toda= are merely fiat. c. inve=tment in infra structure MUST take into account that are now living =n a ZERO interest rate environment. Saudi , china and Ru=sia , could begin to use other complementary currencies that would stay ou=side of the US banking system, a system that is often used as = hammer. 2 . Acting as a large sov=reign wealth fund, is antiquated. there is not shortage of hug= amounts of capital and merely competing with hundreds of the most sophist=cated investors is a losing game. HOWEVER the coun=ry is a SOVEREIGN. this is the biggest asset. not =ts wealth alone. Sovereign nations are the only entities that can is=ues world wide accepted currencies . most nations that have co=sidered this are asset poor , so the currency is virtually worthless.Q=A0 SA presents a unique opportunity. =C24, What will the money be used for? why h=ve the same money for military equipment from another country as the money=the local Jeddah resident uses to buy milk/ =br> 3 operational , I would not take Ara=co public. I however would use it to raise money. = Q=A0 =C24> I would take whatever steps necessary to bri=g the high knowledge base in tech, medicine, education to the Kingdom.410=A0 physically bring people there will NOT work. th=re is no need to have geographic limitations. ie the Chinese have seeded many people and cos in their dri=e to bolster their seat at the world financial table. SA can d= the same. Knowledge is the mobile valuable commodity, =C24k exchange oil for land, knowledge and currencies. <=r> 4>=A0 please note The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE communication or any pa=t thereof is strictly prohibited and may be unlawful. If you have recei=ed this communication in error, please notify us immediately by retu=n e-mail or by e-mail to [email protected] <mailto:[email protected]> , and 2 EFTA_R1_01557925 EFTA02455353 des=roy this communication and all copies thereof, including all attachment=. copyright -all rights reserved =C24> please note The informat=on contained in this communication is confidential, may be attorney-cli=nt privileged, may constitute inside information, and is intended only =or the use of the addressee. It is the property of JEE Unauthoriz=d use, disclosure or copying of this communication or any part thereof =s strictly prohibited and may be unlawful. If you have received this return e-mail o= by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies =hereof, including all attachments. copyright -all rights reserved <ftiv> 3 EFTA_R1_01557926 EFTA02455354