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The most surprising thing is the backdoor arrangements the Treasury and Federal Reserve handily created to keep Saudi bonds purchases off the books - through fo
by aedron 10y ago
The most surprising thing is the backdoor arrangements the Treasury and Federal Reserve handily created to keep Saudi bonds purchases off the books - through forty years!
I'm sure most people would not believe something like this could be done - that actual governing and federal dealing is so hidden, through changing administrations, in spite of apparent transparency, like annual reports, budgets, hearings, and so on. It really puts a big question mark on the U.S. democratic system, as if that wasn't tenuous enough already.
Oh, and if anyone was in doubt about the shift to Iran, this suddenly being publicized as much as anything tells you all you need to know. It's a big middle finger to Saudi Arabia.
- mark_l_watson 10y ago+1 Couldn't agree more. This story would have really surprised me 10 years ago but now I accept that the Economic Royalty (or Deep Government, or whatever you want to call them) use a lack of transparency to do what profits them.