Wednesday, October 11, 2006

Buy American

Propping up the American dollar economy is its Gulf Allies....not any economic policy coming from the Fed or the White House......

Consider this protection money paid to the American Empire.

Gulf oil states ‘keep faith in dollar assets’

Gulf oil producers will continue buying dollar-based assets with their windfall revenues, but not all the money will flow into the US, according to Mohsin Khan, director of the IMF’s Middle East and Central Asia department.

Gulf oil producers including Saudi Arabia, Kuwait and the United Arab Emirates will record current account surpluses of $239bn (€190bn, £128bn) this year, rising to $259bn in 2007, a new IMF report says.

And we thought $13 billion was a record surplus!

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