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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (50559)4/26/2002 9:12:59 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
Saudis and Americans each have huge vulnerabilities

Saudis have tiny military force to protect their corrupt crony wealthy royal family who horde the vast majority of the country's oil wealth
so they need their infidel US protective force
it occupies the Prince Sultan Airbase now, much to the disgust of many citizens, esp the devout Muslims

Americans have a gargantuan national debt, and a citizenry whose personal debts are overwhelming, and a corporate base whose debts are crippling, and USTreasuryBonds which are held about 30% by foreigners, and a trade debt around 4% of GDP

neither seems to realize it
but their feet are each resting on quicksand
/ jim