Why the Global MeltDown ? Look Here - Saudis....

This truly shocked me - take a look at the Saudi currency - obviously manipulated, but take the bottom slider back to 2007 and have a look at the price spike

www.google.com...:+SAR

Then when you consider this relative to the on set of the global financial crises - WOW, WOW, WOW......

Then correlate this to the oil price index for that exact period

oil-price.net...

The Saudis simply drove the price of the Riyal through the roof - collapsing the economy - thanks for coming - thanks Saudi.

Now for this to occur is only one person in one family - who answers to the Bush Family and the Carlyle group who provide the entire security apparatus for the country - OMFG.....

Could you paraphrase? Or maybe cite some of the info off each link? Got kids I need to put to bed! thanks!

Yeah sorry - had to go to parent class myself for kids - first aid for babies - anyway -

The Saudi Riyad is a publicly traded currency - hence its stock listing - SAR - the only problem is that it never moves, rarely, beyond it is almost always perfectly flat which is completely Bizaare - the next point to notice is that immediately prior to the oil price shock in 2007 - the exact same shock which precipitated the current global financial crisis, drove the price of everything through the roof, and started the collapse of the US housing market - was preceeded by a clear and AMAZING manipulation of the price of the Riyad - it simply quadrupled, and looking at the long term price of this - simply means that this was totally out of ordinary - why has this never been looked at ??!!

Further this would have been the exact cause of the OIL PRICE SPIKE which cause the collapse.

Finally the this could have been achieved by a single person, Bin Saud - since this person is a close associate of the Bush Family though long relations personally and through business (Carlyle Group, James Baker etc) then Bush could have personally and easily manipulated the entire global financial crisis through the oil price spike and the manipulation of the Saudi Riyad .......OMFG!!

Here is more evidence to back up this from a Saudi Economist who predicted if things did not change then there would be serious concerns..

memrieconomicblog.org...

reply to post by audas


Wow...really intreresting stuff.

but why do you say it could have been cause by one person..that person being Bin Saud?

Couldnt it have been caused by anyone? Since it is publicly traded...

Yeah, why couldn't it be done, for example, by goldman sach's high frequency volume trades, or any other algorithmic predatory program? Why Bin Saud and the Bushes?

Also, this would appear to go contrary to what Lindsey Williams said in that they wanted to bankrupt the Middle Eastern countries. I remember hearing on the radio that for dubai to maintain it's country's social programs oil/barrel had to be around 70, and for Saudi Arabia, it had to be more like 50. When oil went to 30/barrel, both countries were hurting pretty badly.

Oil is traded in Dollars, and has nothing to do with a Currency Basket or the Saudi currency.... only to do with Dollars.

The Dollar, from 2001-2008 was deteriorating the fastest and furthest since the onset of the Reserve Currency. This was due to low industrial output, trade deficits, massive spending deficits (wars) and the massive inflation caused by sky rocketing equity from real estate.

What tanked the economy was wages did not expand, but the cost of living did. For every Dollar a family's income grew, $10 were added to expenses.. eventually debts began defaulting as wage growth was overtaken by inflation, resulting in mortgage collapses.. which resulted in restrictions of credit as banks CDO/CDS obligations crippled their investments, thus, reserves, limiting the amount available for credit expansion.

The price of Oil had a huge part in destroying the family's expendable income, but that all had to do with Government policy resulting in the collapse of our currency.. Had nothing to do with Saudi Arabia.