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

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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