The Hidden Hand of American Hegemony - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Hidden Hand of American Hegemony write by David E. Spiro. This book was released on 2019-06-30. The Hidden Hand of American Hegemony available in PDF, EPUB and Kindle. Between 1973 and 1980, the cost of crude oil rose suddenly and dramatically, precipitating convulsions in international politics. Conventional wisdom holds that international capital markets adjusted automatically and remarkably well: enormous amounts of money flowed into oil-rich states, and efficient markets then placed that new money in cash-poor Third World economies. David Spiro has followed the money trail, and the story he tells contradicts the accepted beliefs. Most of the sudden flush of new oil wealth didn't go to poor oil-importing countries around the globe. Instead, the United States made a deal with Saudi Arabia to sell it U.S. securities in secret, a deal resulting in a substantial portion of Saudi assets being held by the U.S. government. With this arrangement, the U.S. government violated its agreements with allies in the developed world. Spiro argues that American policymakers took this action to prop up otherwise intolerable levels of U.S. public debt. In effect, recycled OPEC wealth subsidized the debt-happy policies of the U.S. government as well as the debt-happy consumption of its citizenry.
Recycling Petrodollars
Recycling Petrodollars - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Recycling Petrodollars write by Matthew Higgins. This book was released on 2008. Recycling Petrodollars available in PDF, EPUB and Kindle. In recent years, oil-exporting countries have experienced windfall gains with the rise in the price of oil. A look at how oil exporters "recycle" their revenues reveals that roughly half of the petrodollar windfall has gone to purchase foreign goods, especially from Europe and China, while the remainder has been invested in foreign assets. Although it is difficult to determine where the funds are first invested, the evidence suggests that the bulk are ending up, directly or indirectly, in the United States.
Petrodollars
Petrodollars - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Petrodollars write by United States. Congress. House. Committee on Banking and Currency. Ad Hoc Committee on the Domestic and International Monetary Effect of Energy and Other Natural Resource Pricing. This book was released on 1974. Petrodollars available in PDF, EPUB and Kindle.
Recycling of Petrodollars
Recycling of Petrodollars - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Recycling of Petrodollars write by United States. Congress. Senate. Committee on Government Operations. Permanent Subcommittee on Investigations. This book was released on 1974. Recycling of Petrodollars available in PDF, EPUB and Kindle.
Recycling of Petrodollars
Recycling of Petrodollars - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Recycling of Petrodollars write by United States. Congress. Senate. Government Operations. This book was released on 1974. Recycling of Petrodollars available in PDF, EPUB and Kindle.
