Watson
?? Subject Saudi Arabia to financial sanctions ?? Not in your wildest dreams..Through backdoor negotiations with"US governmental agencies" and Saudi Arabia, sales of oil around the world were denominated in US $ dollars. All transactions of oil sales of every country in the world had to be converted to US dollars..This was a major program in supporting Wall Street in a couple of ways.
"Sale-Re-Purchase" agreements handled through BIG American Banks and Wall street via "risk averse" commodity trades enabled oil traders to earns $ Billions.
Further, Saudi Arabia was encouraged to invest their extreme profits in the US Wall Street markets..
So, by it's own hand, America is "joined at the hip" with Saudi Arabia..Otherwise, a major downturn in Wall Street just might scuttle the American recovery right back into a major recession. And if the US Dollar is overthrown for a "basket" of foreign currencies. well, it could reduce the dollar to worthless paper ???
Watson
?? Subject Saudi Arabia to financial sanctions ?? Not in your wildest dreams..Through backdoor negotiations with"US governmental agencies" and Saudi Arabia, sales of oil around the world were denominated in US $ dollars. All transactions of oil sales of every country in the world had to be converted to US dollars..This was a major program in supporting Wall Street in a couple of ways.
"Sale-Re-Purchase" agreements handled through BIG American Banks and Wall street via "risk averse" commodity trades enabled oil traders to earns $ Billions.
Further, Saudi Arabia was encouraged to invest their extreme profits in the US Wall Street markets..
So, by it's own hand, America is "joined at the hip" with Saudi Arabia..Otherwise, a major downturn in Wall Street just might scuttle the American recovery right back into a major recession. And if the US Dollar is overthrown for a "basket" of foreign currencies. well, it could reduce the dollar to worthless paper ???