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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (21110)	6/8/2004 6:07:21 PM
From: philv	Read Replies (1) \| Respond to of 81286

"* Saudi oil is controlled by an increasingly bankrupt, criminal, dysfunctional, and out-of-touch royal family that is hated by the people it rules and by the nations that surround its kingdom." The Saudis are playing with real money. "Just to make sure that no one upsets the workings of this system, perhaps by meddling in internal Saudi affairs, Saudi Arabia now keeps possibly as much as a trillion dollars on deposit in U.S. banks--an agreement worked out in the early eighties by the Reagan Administration, in an effort to get the Saudis to offset U.S. government budget deficits. The Saudis hold another trillion dollars or so in the U.S. stock market. This gives them a remarkable degree of leverage in Washington. If they were suddenly to withdraw all their holdings in this country, the effect, though perhaps not as catastrophic as having a major source of oil shut down, would still be devastating." A long read, but worth it. foi.missouri.edu

To: philv who wrote (21110)	6/8/2004 8:49:33 PM
From: sea_urchin	Respond to of 81286

Phil > I especially like the part about the sound monetary policy I see you have repented.