I smell a switch to Euros by the OPEC in the near future

[Commie Pinko Dirtbag]

Checks, meet hard surface.

[YDogg]

1. How long before ...

... Saudi Arabia owns the US? I mean really owns the US? Calls in the chits?

[punpirate]

2. Actually, Saudi investment...

... in the US has been declining for several years. Bush managed to get the Saudis to buy some more debt recently, but the overall trend has been downward.

Don't want to burst your bubble, but the largest investor country in the US is Great Britain, and has been for many years. Last figure I heard was the UK holds about 40% of the debt and investments. Saudi Arabia ranks down around 12-13%.

Cheers.

[TheDebbieDee]

3. Great Britain is the largest investor?

Are you sure? I thought it was China.

[Nihil]

4. I'd rather hope it was China

Not only because that's what I've read in many articles before now
(and doubt they are all wrong) but also from a selfish perspective ...
Blair has tied a lot of Britain's political fortunes up with those of
Bush but I'd be more worried if our financial fortune is also heading
for the sewer ...

[salin]

5. earlier in the year I read that the proportion of debt

financing (eg treasuries) being bought from asia has increased dramatically. Funny how the debt, the deficit, the trade deficit were nonissues - and thus the public remains very ignorant as to HOW the debt is financed and the dangers that financial investors begin to slow down in their willingness to take the risk to "finance" the debt.

[AntiFascist]

6. I'm sure they have plenty of "liquid" assets to buy us out....

when the time calls for it.

Cheers.