The Untold Story Behind Saudi Arabia’s U.S. Treasury Holdings

Re:The Untold Story Behind Saudi Arabia’s U.S. Treasury Hold... by cloudjacker on Tuesday May 31, 2016 @12:16PM (#11807418)

The IMF primarily.

Yes the US takes part in that, but the organization is the IMF.

The IMF partially realizes their role in this, but its more of an outcome than a conspiracy. They've commented on that book in an interesting non-denial, basically saying that the GDP of the countries they've helped/subjected-in-a-giant-conspiracy is so low and such a small fraction of the IMF budget that it doesn't make sense that they would put much effort in it.

In any case, its just the terms of their contracts. Country can't pay, country must raise taxes or expropriate goods, or find natural resources.

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Re:The Untold Story Behind Saudi Arabia’s U.S. Treasury Hold... by hackuser on Tuesday May 31, 2016 @01:37PM (#11808308)

> Yes the US takes part in that, but the organization is the IMF.

To be clear: The IMF and World Bank are primarily controlled by the Western powers. EDIT: And are seen as tools of Western power by many.

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Re:The Untold Story Behind Saudi Arabia’s U.S. Treasury Hold... by alanwatts on Tuesday May 31, 2016 @03:51PM (#11809607)

The current US Secretary of the Treasury is the most influential member of the IMF, with 16.66% of the total voting power (Jacob Lew) [1]. He was promoted to his current posts shortly after banking on the 2008 economic collapse with Citi.

[1]https://www.imf.org/external/np/sec/memdir/members.aspx#3

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Re:The Untold Story Behind Saudi Arabia’s U.S. Treasury Hold... by hackuser on Tuesday May 31, 2016 @04:42PM (#11810047)

I'd add that I think the Managing Director, Christine Lagarde, is considered the most influential person, though I'm not sure how the voting works.

The deal long (or always?) has been that a European runs the IMF (Legarde) and an American runs the World Bank, currently Jim Yong Kim. As you might imagine, the rest of the world feels a bit left out.

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Re:The Untold Story Behind Saudi Arabia’s U.S. Treasury Hold... by CyberDildonics on Tuesday May 31, 2016 @10:38PM (#11811758)

> Country can't pay, country must raise taxes or expropriate goods, or find natural resources.

Or sell infrastructure to private industries (this is what the economic hit man interview I saw claimed)

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