Saturday, April 09, 2005

Oil for dollars, and dollars for US deficit - Asia Times Online :: Global Economy

Asia Times Online :: Global Economy:

"As the price of oil goes up, extra money floods into the Gulf kingdoms. With the US secretary of defense putting troops all over the ground in the Middle East, and those nimble aircraft carriers nearby and ready to deliver the 'shock and awe of sudden democracy' to the Gulf monarchs, it's a sure bet that America's OPEC buddies will stash their newly found Asian lucky bucks into good old American Treasury notes. "