Riyadh’s Blackmail: Is Washington Afraid of Saudi Threats to Dump Dollar?
- Saudi Arabia is the (thoroughly deserving) convenient patsy to be blamed for the intentional collapse of the US dollar.
– - Riyadh’s Blackmail: Is Washington Afraid of Saudi Threats to Dump Dollar?
by http://sputniknews.com/
The Saudi royals have threatened to “dump” the US dollar if Congress passes a bill that strips the House of Saud of immunity from being sued in American courts in cases involving terrorist attacks against the American citizens on the US soil; ‘Why are Saudis so nervous?’ Ron Paul and Daniel McAdams ask.
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The US Congress is considering the bill that would allow Washington to take Saudi royals to court over involvement in attacks against US citizens on American soil, most notably the 9/11 tragedy.
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In his turn Saudi Arabia’s Foreign Minister Adel Al-Jubeir has threatened the US leadership to sell off up to $750 billion in US dollar holdings and thus far to deal a serious blow to the US dollar if the bill is passed.
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Saudi Arabia’s excessively tough response prompts justified concerns and suspicions, former Republican congressman Ron Paul and political analyst Daniel McAdams noted in their latest Liberty Report. Riyadh’s anxiety might originate in the 28-page classified Congressional Report of 2002 regarding 9/11, they suggested.
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Interestingly enough, Saudi Arabia’s threats have apparently been taken to heart by US policymakers.
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“The Obama administration has lobbied Congress to block the bill’s passage, according to administration officials and congressional aides from both parties, and the Saudi threats have been the subject of intense discussions in recent weeks between lawmakers and officials from the State Department and the Pentagon,” The New York Times reportedon April, 15.
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“The officials have warned senators of diplomatic and economic fallout from the legislation,” the media outlet stressed.
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Does it mean Riyadh is really capable of dumping the US dollar?
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read more.
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