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You know, Saudi Arabia has a lot of poverty also. Regardless about what you hear about the viceroy and people being rich, et cetera.

I'm telling you, you can't compare Saudi Arabia to other countries.

A billion here, a billion there, and pretty soon you're talking about real money.

If you can count your money, you don't have a billion dollars.

It's a terribly hard job to spend a billion dollars and get your money's worth.

But the key thing is that Iraq, while it's got very large oil reserves, has marginalized itself as an oil exporter and these days its exports are only about one tenth that of neighboring Saudi Arabia.

We are spending $1 billion a week in Iraq.

I went to Saudi Arabia in 2010, and spent most of my time in Jeddah and the King Abdullah Economic City.

So, I think even in Saudi Arabia there is movement. And we have to remember that over the years they've stabilized the oil price and that is tremendously important for the economies of the world. I think we have no choice but to work with the government of Saudi Arabia.

Trillions of dollars every day are being exchanged around the world in all of the financial markets.