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