Disco_Destroyer Trustworthy Freedom Fighter
Joined: 05 Sep 2006 Posts: 6342
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Posted: Tue Nov 25, 2008 8:58 pm Post subject: US seeks $300 billion from Middle east Gulf states |
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US seeks $300 billion from Middle east Gulf states
21 hours ago
KUWAIT CITY (AFP) — The United States has asked four oil-rich Gulf states for close to 300 billion dollars to help it curb the global financial meltdown, Kuwait's daily Al-Seyassah reported Thursday.
Quoting "highly informed" sources, the daily said Washington has asked Saudi Arabia for 120 billion dollars, the United Arab Emirates for 70 billion dollars, Qatar for 60 billion dollars and was seeking 40 billion dollars from Kuwait.
Al-Seyassah said Washington sought the amount as "financial aid" to face the fallout of the financial crisis and help prevent its economy from sliding into a painful recession.
The daily said the United States plans to use the funds to help the ailing automobile industry, banks and other companies suffering from the global financial turmoil.
The four nations, all members of OPEC, produce together 14 million barrels of oil per day, around half of the cartel's production and about 17 percent of world supplies.
The four states are estimated to have amassed close to 1.5 trillion dollars in surplus in the past six years due to high oil prices that rocketed above 147 dollars in July before sliding to just above 50 dollars.
I wonder if Lindsey Williams has something with his latest Alex Jones interview
The daily also said that the United States has asked Kuwait to forgive its Iraqi debt estimated at around 16 billion dollars.
http://www.google.com/hostednews/afp/article/ALeqM5ifTbaxrTlOelGQrZyTP 0JWR8X65A _________________ 'Come and see the violence inherent in the system.
Help, help, I'm being repressed!'
“The more you tighten your grip, the more Star Systems will slip through your fingers.”
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