There was a series of under the radar chain events that set themselves in motion. Someone figured out how to crash the fiat money system and thought they would have/be insulated from the crash too.
Throughout late 2007 and 2008 there was an infusion of money into some of the questionable banks. The governments of Oman and Dubai are shareholders. http://www.arabianbusiness.com/534222-jp-morgan-takes-dme-stake?ln=en, http://www.gata.org/node/5918, http://money.cnn.com/2008/01/30/news/economy/Colvin_recession.fortune/index.htm
KANJORSKI: On Thursday, Sept. 18th at about 11 o’clock in the morning the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States, to the tune of $550 billion was being drawn out in a matter of an hour or two. The Treasury opened up its window to help. It pumped $105 billion in the system and quickly realized that they could not stem the tide; we were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn’t be further panic out there.
And now this http://www.israelnationalnews.com/News/News.aspx/126866
However, Abu Dhabi’s’ director of international affairs, Yousef al Otaiba, has reassured American officials that its purchase of Citibank will not be used to exert political pressure on the U.S. He wrote the Treasury Department, “It is important to be absolutely clear that the Abu Dhabi government has never and will never use its investment organizations or individual investments as a foreign policy tool.”
This, this is the unspoken story. A few links here or there is all there is.
We are dependant on them for oil and now our whole market. The run up in gas/oil prices in 2008 was to insulate their own countries against the crash they would create.
Arab league had invested over 60% of their wealth in commodities over the last 2 years. It drove the oil and food prices up world wide. They then began getting out of commodities. Oil $147 to $78 drop (Bloom).
So that would make the democrats right about the speculators, but for the wrong reasons. The oil demand was a false demand created by heavy investment by the middleeast in their own oil commodities. Something that we could never control unless we used protectionism in our own markets.
Revealed: 15 AIG bailout counterparties
A list obtained by Fortune includes the names of many foreign banks - as well as U.S. giants such as Goldman Sachs.
http://money.cnn.com/2009/03/07/news/companies/aig.fortune/index.htm
Prince Alwaleed ibn Talal, chairman of Kingdom Holding Company (KHC), received at his office chairman and CEO of the Goldman Sachs Group, Inc. New York, Henry M. Paulson, Jr. and his accompanying delegation. http://www.arabnews.com/?page=6§ion=0&article=81888&d=8&m=5&y=2006
Thanks, EBH, for the fine posting. This is real, meaty information.
Looks like we’re being conquered bit by bit.
Hundreds more throng AIG Singapore office
http://www.arabtimesonline.com/client/pagesdetails.asp?nid=22400&ccid=18
SINGAPORE, Sept 18, 2008 (AFP) - For the second straight day hundreds of anxious policyholders lined up in the hot sun outside Singapore offices of global insurance giant American International Group (AIG) Thursday.
Hundreds more — some vowing to terminate their policies — were already inside the offices of AIG and its wholly-owned subsidiary, American International Assurance Company Limited (AIA). They had returned after lining up on Wednesday without getting served.
Many in the crowd were unmoved by an announcement from the US Federal Reserve, the central bank, that the United States government would give an unprecedented loan of up to 85 billion dollars to AIG in a bid to avert a global financial calamity.