Friday, 22 January 2016

Saudi holdings of U.S. Treasuries

The following story from Bloomberg just confirms the deal the US had with Saudis in relation to oil and US Dollars.

U.S. Is Hiding Treasury Bond Data That's Suddenly Become Crucial

Simplistically, Saudi Arabia is selling oil for US $ and then sending the $ back to the US in exchange for promisory notes.


No comments: