patrick.net

This could be very bad news for the us dollar
http://smaulgld.com/why-the-end-of-quantitative-easing-may-be-bad-for-the-dollar/

They haven't severed ties, and you'd be better served reading a newspaper other than the Daily Mail.

smaulgld says

This could be very bad news for the us dollar

http://smaulgld.com/why-the-end-of-quantitative-easing-may-be-bad-for-the-dollar/

I don't see Saudi Arabia mentioned in that link to your website...

Bigsby says

smaulgld says

This could be very bad news for the us dollar

http://smaulgld.com/why-the-end-of-quantitative-easing-may-be-bad-for-the-dollar/

I don't see Saudi Arabia mentioned in that link to your website...

The reference is to OPEC of which Saudi Arabia is part
The US has agreed to protect Saudi Arabia in exchange for saudi arabia insisting of pricing and selling oil in dollars
Also a quick search shows that saudi arabia did not sever ties but is complaining

Bigsby says

I don't see Saudi Arabia mentioned in that link to your website...

Thanks- its in there
Following Nixon’s closing of the gold window, the United States worked out agreements with Saudi Arabia and eventually with the Organization of the Petroleum Exporting Countries (OPEC) that only United State Dollars could be used to purchase oil. This created the “petro dollar” and reestablished a demand for dollars and dollar denominated securities like U.S. Treasuries.

http://smaulgld.com/why-the-end-of-quantitative-easing-may-be-bad-for-the-dollar/

This article doesnt mention severing ties
http://www.cbsnews.com/8301-202_162-57608848/saudi-arabia-warns-u.s-that-policy-on-syria-iran-straining-decades-old-alliance/

Someone needs mouthwash.

http://wonkette.com/407662/wingnuts-angry-that-obama-didnt-suck-off-saudi-prince-like-bush-always-did

For those who forgot....
The Yom Kippur War was Egypt and Syria attacking Israel and NO other country but the USA would provide ammo to Israel. The Euro(trash) countries were afraid of the Saudi threat of an oil embargo.

Well Israel won and the Saudis revenge was the oil embargo that 1. caused gasoline shortages here 2. threw the world economy into a recession

Maybe you're too young to remember worrying where to find gasoline so you can drive your car. I can remember it.

The Saudis, Kuwaits and others liked Saddam to fight the Iranians. Saddam was the Arab muscle so to speak.

Fast forward now Saudis want the USA to be their muscle. Syria is a proxy war between Saudis and Iranians, Shia vs. Sunni

To hell with Saudi Arabia. Now they've decided to stop pretending to be our friends. So what.

We have natural gas under our feet that can replace every drop of oil from saudi arabia. All trucks cars and buses can run on it.

AverageBear says

"The chickens have come home to roost"...

AverageBear says

This is not good. Not good at all.

sbh says

If the President had acted unilaterally in Syria you'd have called him a tyrant.
But he went for consensus so you get to call him impotent and inactive

No, I just call him dumbass as he's constantly proven himself to be over and over and over again. Only the worst president EVER!!!