01-11-2009, 02:14 PM
US FISCAL GENIUSES ASK RAGHEADS FOR US$300bn
Dear All,
Peace be with you.
Well, those humble, honourable, generous and honest politicians and financial geniuses within the US government are currently begging for US$300bn from those arrogant, backward, dishonest and lying ragheads that are currently heading up the states out in the Middle East.This is absolute proof that the US economy is fiscally bankrupt by the way, since it does not have any cash left, after bailing out the banks and insurance giants, for companies in the real economy. No doubt we can rely on these great leaders of the Muslim states to help out their great friends in the West who at every opportunity like to extoll the virtues of Muslims and their culture.
The hypocrisy of not using this cash for political leverage to make the US completely abandon Israel and its policies not only demonstrates the lack of political savvy of these class 1 puppet regimes, but further adds to the disrepute of Muslims throughout the world in the eyes of non-Muslims, who are absolutely shocked and amazed by the total lack of support for the Palestinians by their "brothers in faith". At times I seriously wonder what I have joined in becoming a Muslim, certainly the words organisation and fellowship can't be applied, except sparingly.
With peace,
Muhammad Rafeeq.
According to reports published in Al-Seyassah, a Kuwaiti newspaper, and some other Gulf newspap ers, the United States has asked four Gulf states for financial aid close to $300 billion to face the fallout of the financial crisis and help prevent its economy from sliding into a painful recession.
Washington is seeking $120 billion from Saudi Arabia, $70 billion from the United Arab Emirates, $60 billion from Qatar and $40 billion from Kuwait.
The Kingdom has dismissed these reports. There is enough evidence that the Federal Reserve is out of ammunition. The Fed can only control the supply of money, it cannot control the velocity of money or the rate of its turnover.
The dollar is going to lose its status as the world’s reserve currency.
The Gulf’s vast investment funds are run by professionals who have lost heavily because of their forays into Western m arkets, particularly with their investments in banks, which are hit by the credit crisis. The funds are now nursing heavy losses, such as those purchased by the Kuwait Investment Authority which invested in Citigroup whose shares have fallen by three quarters this year. Citigroup, Merrill Lynch, UBS and Barclays have all raised billions of dollars from the Middle East.
The impact on Gulf state funds is particularly acute given that largely declining oil revenues fund them. They are also likely under political pressure to invest more locally than in the past because companies in the Gulf are themselves fighting for liquidity now that the credit crunch has reached the Middle East. Investment funds from Kuwait, Dubai, Qatar and possibly Abu Dhabi are all shifting their focus.
Gulf states have been helping and protecting the US economy for many decades i.e. having their currencies pegged to the dollar, quoting oil prices in US dollars, putting their entire surplus in passive investment in the US economy (they have lost over 40 percent of their assets because of the declining value of the dollar) and purchasing expensive weapons.Many voices would like to drag the Gulf states into a confrontation with Iran as they did in the early 1980s when they convinced Saddam Hussein to invade Iran. Everybody knows the disastrous results.
How could Saudi Arabia help the US auto industry and not help its own stock market that dropped over 80 percent from its value in the last 2 years? Saudi Arabia should help its citizens. Over 50 percent of Saudi families do not own homes, they rent, and the monthly income of most Saudi families is below $1,500.
Dear All,
Peace be with you.
Well, those humble, honourable, generous and honest politicians and financial geniuses within the US government are currently begging for US$300bn from those arrogant, backward, dishonest and lying ragheads that are currently heading up the states out in the Middle East.This is absolute proof that the US economy is fiscally bankrupt by the way, since it does not have any cash left, after bailing out the banks and insurance giants, for companies in the real economy. No doubt we can rely on these great leaders of the Muslim states to help out their great friends in the West who at every opportunity like to extoll the virtues of Muslims and their culture.
The hypocrisy of not using this cash for political leverage to make the US completely abandon Israel and its policies not only demonstrates the lack of political savvy of these class 1 puppet regimes, but further adds to the disrepute of Muslims throughout the world in the eyes of non-Muslims, who are absolutely shocked and amazed by the total lack of support for the Palestinians by their "brothers in faith". At times I seriously wonder what I have joined in becoming a Muslim, certainly the words organisation and fellowship can't be applied, except sparingly.
With peace,
Muhammad Rafeeq.
According to reports published in Al-Seyassah, a Kuwaiti newspaper, and some other Gulf newspap ers, the United States has asked four Gulf states for financial aid close to $300 billion to face the fallout of the financial crisis and help prevent its economy from sliding into a painful recession.
Washington is seeking $120 billion from Saudi Arabia, $70 billion from the United Arab Emirates, $60 billion from Qatar and $40 billion from Kuwait.
The Kingdom has dismissed these reports. There is enough evidence that the Federal Reserve is out of ammunition. The Fed can only control the supply of money, it cannot control the velocity of money or the rate of its turnover.
The dollar is going to lose its status as the world’s reserve currency.
The Gulf’s vast investment funds are run by professionals who have lost heavily because of their forays into Western m arkets, particularly with their investments in banks, which are hit by the credit crisis. The funds are now nursing heavy losses, such as those purchased by the Kuwait Investment Authority which invested in Citigroup whose shares have fallen by three quarters this year. Citigroup, Merrill Lynch, UBS and Barclays have all raised billions of dollars from the Middle East.
The impact on Gulf state funds is particularly acute given that largely declining oil revenues fund them. They are also likely under political pressure to invest more locally than in the past because companies in the Gulf are themselves fighting for liquidity now that the credit crunch has reached the Middle East. Investment funds from Kuwait, Dubai, Qatar and possibly Abu Dhabi are all shifting their focus.
Gulf states have been helping and protecting the US economy for many decades i.e. having their currencies pegged to the dollar, quoting oil prices in US dollars, putting their entire surplus in passive investment in the US economy (they have lost over 40 percent of their assets because of the declining value of the dollar) and purchasing expensive weapons.Many voices would like to drag the Gulf states into a confrontation with Iran as they did in the early 1980s when they convinced Saddam Hussein to invade Iran. Everybody knows the disastrous results.
How could Saudi Arabia help the US auto industry and not help its own stock market that dropped over 80 percent from its value in the last 2 years? Saudi Arabia should help its citizens. Over 50 percent of Saudi families do not own homes, they rent, and the monthly income of most Saudi families is below $1,500.