Saudi Arabia Plays Russian Roulette

[eridani]

http://readersupportednews.org/opinion2/277-75/34940-saudi-arabia-plays-russian-roulette

This column revealed last week how Saudi Arabia had been unloading at least $1 trillion in US securities and crashing global markets — in parallel to its oil price war.

Excellent analyses are available on what's really happening with the oil markets, or the role of Wall Street in creating the oil crash. And yet the key piece in the puzzle remains the massive Saudi dump.

All the Fed had to do is to buy US Treasuries from Saudi Arabia. It is what the Saudis do with their US dollar credits that counts; they could, for instance, be buying gold to protect themselves in case of a future US dollar devaluation — assuming the Masters of the Universe would allow it.

If there are $8 trillion in stock securities and bonds, including Treasuries, as crack Persian Gulf traders are sure of, then Washington would have no further problems with the massive US deficit.

The problem is only a sliver of information on what the Saudis have been doing was actually leaked to corporate media. The figures are grossly understated.

If the $8 trillion figure were leaked, Western corporate media would certainly go bananas; and inside Saudi Arabia that would stoke major unrest.