“and would remove themselves from the dollar peg”
Thus causing foreign investors across the middle east to dump the dollar, no? That’s sort of how I see it. Dollar value drops, along with some of what you mentioned. But I’m sure someone will come along to tell us that it’s in our best interest (no pun intended)
The article said that Kuwait had already removed itself from the dollar peg a few months ago (I believe).
Yep...my reading on it is the same. Much of the market is speculations, so, they’d want to dump before they lose money values themselves......
All of this will further increase the lowering of the dollar value.....
OTOH, the article did state that it didn’t see how Saudi Arabia could realistically prevent investments into the U.S. (there’s always ways of funneling monies). But, I don’t see why very many would want to heavily invest, in the short term, in the U.S. in the near future.
I think they will hold off.....it would likely be an imprudent investment for awhile....given the fact that it’s likely the value of the dollar will continue to tank.