Bloomberg on Saudi Arabian Petrodollar recycling  

Posted by Big Gav in ,

Bloomberg has an article on the volume of oil money that Saudi Arabia has recycled into US treasuries - The Untold Story Behind Saudi Arabia’s 41-Year U.S. Debt Secret.

This flow of money has historically been known as petrodollar recycling (a system put in place by Henry Kissinger in the early 1970s).

Saudi Arabian holdings of US assets have been of interest lately due to threats they will be sold off if the US allows the country to be to be held liable in court for the September 11 2001 terrorist attacks on the World Trade Centre.

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