US seeks 300 billion dlrs from Gulf states

[Cheetah786]

KUWAIT CITY (AFP) – The United States has asked four oil-rich Gulf states for close to 300 billion dollars to help it curb the global financial meltdown, Kuwait's daily Al-Seyassah reported Thursday.

Quoting "highly informed" sources, the daily said Washington has asked Saudi Arabia for 120 billion dollars, the United Arab Emirates for 70 billion dollars, Qatar for 60 billion dollars and was seeking 40 billion dollars from Kuwait.

Al-Seyassah said Washington sought the amount as "financial aid" to face the fallout of the financial crisis and help prevent its economy from sliding into a painful recession.

The daily said the United States plans to use the funds to help the ailing automobile industry , banks and other companies suffering from the global financial turmoil.

The four nations, all members of OPEC, produce together 14 million barrels of oil per day, around half of the cartel's production and about 17 percent of world supplies.

The four states are estimated to have amassed close to 1.5 trillion dollars in surplus in the past six years due to high oil prices that rocketed above 147 dollars in July before sliding to just above 50 dollars.

The daily also said that the United States has asked Kuwait to forgive its Iraqi debt estimated at around 16 billion dollars.

Muslim nations destroyed by American dollars and sanctions countless America asking the muslim nations to bail her out to save her economy from the same they made all to go through just 300 billions now thats price less.

 

[sohailbutt]

In my view, if these 4 Arab states are sincere with their countries and with the Muslim world, they will not provide this amount to US, but all arab states are locked in a circle made by US, they have no other option but to supply US what it asks them for!!!

After observing Western economies for some months now, it surprises me that, all these years they talk about their greatness but in the end they come begging to the Muslims, first it was Britain now it is US.

We can make them play as we want to but we never realise the opportunities and always keep ourselves in the same circle that they have made for us, we never think of coming out of the damn circle.

Surprising to me is that Arab governments have given out money to the Western states in difficult times but when poorer Muslim nations ask them for money, they don't want to lend out to them!!! which leads them with no other option but to go to IMF traps again