• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Geithner to Reassure Gulf Allies on Dollar Assets

hypocritexposer

Well-known member
Looks like it's not only the oil that the US is dependent on. I wonder if they will laugh at Geithner, like they did in China?

RIYADH/LONDON (Reuters) - Treasury Secretary Timothy Geithner will seek to reassure Gulf Arab states this week that U.S. dollar assets they hold in large quantities remain a strong investment.

A recent decline in Saudi foreign assets shows the purchase of U.S. treasuries by Washington's Gulf allies, five having currencies pegged to the dollar, at levels seen in the past decades should no longer be taken for granted.

http://www.nytimes.com/reuters/2009/07/13/news/news-us-gulf-usa-geithner.html?_r=1
 

Sandhusker

Well-known member
When you've got to run around to reassure your creditors that your check will be good, you've got severe problems. But, what are the libs talking about? A second porkulus, cap and bankrupt, a healthcare boondoggle......

Could this adminsitration get any stupider if they tried?
 

leanin' H

Well-known member
Sandhusker said:
When you've got to run around to reassure your creditors that your check will be good, you've got severe problems. But, what are the libs talking about? A second porkulus, cap and bankrupt, a healthcare boondoggle......

Could this adminsitration get any stupider if they tried?

Aren't they trying because if they are this clueless accidentally we are in trouble! :shock: :roll:
 
Top