Saudi Arabia's Gigantic Oil Problem, Explained in 2 Minutes

June 30 -- Saudi Arabia's vast oil wealth has transformed the lives of its citizens - but it needs to turn off the rampant spending if it wants to balance the books. This Bloomberg QuickTake video explores how the kingdom plans to navigate its post-oil future.












The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more