Qatar Off Dollar – US Admin Approves?
Friday, October 05, 2007 – FreeMarketNews.com
The Financial Times has reported that “the Qatari and Vietnamese governments … are rapidly divesting in dollar denominated securities [and that this] will not come as good news to the US government. Overseas investors hold half of America’s $4,400bn of marketable government debt, up from a third in 2001 according to the US Treasury department.”
For at least some financial observers, The idea that Qatar is dumping the dollar without the implicit, if not explicit, approval of American political powers-that-be is hard to fathom.
In fact, as has been pointed out by FMNN commentators in the past, Qatar is a staunch ally of the United States and the jumping off point for its invasion into Iraq. Not only that, but the ruling family owes its position to U.S. military invations:
According to Stratfor, Qatar’s support of the United States was of the utmost importance when it came to the war in Iraq, as follows: “Withdrawal of support for the U.S. invasion in Qatar would most likely make the invasion of Iraq an impossibility. The support offered by other Middle Eastern nations, already under intense pressure from their populations, would likely evaporate completely. Even Turkey, a staunch NATO ally has been strongly signaling its reservations in recent weeks, and it is not capable of single-handedly hosting the invasion.” Stratfor also reported on a coup attempt in Qatar that involved elements of the royal family sympathetic to the anti-Iraq war Saudi Arabian position. Various ‘Net reports indicate that the coup was foiled by the U.S. military – thus leaving the leader of the country pro-U.S. Sheikh al-Thani in a position of being indebted to the United States not only for its protection of Qatar but also for protection of his personal reign.
The relationship between Qatar and the US is so close that even the Qatar creation of the Al Jazeera news network seems suspect. An outgrowth of the BBC, elaborately funded by the Qatar ruling family, could Al Jazeera be a “controlled opposition” news network rather than an actual homegrown information initiative, as has been portrayed?
In any event Qatar’s announced dollar dump comes at a critical time, as the Financial Times points out. And as mentioned above, FMNN has heard that suspicious-minded financial critics of the US administration are asking if it could have anything to do with the North American Union that the American power structure seems to favor – one which would see a “super state” created from Canada, Mexico and the United States.
The lead currency of such a super state would be the so-called “Amero.” Of course, the dollar itself will have to capsize in a big way before Americans will be persuaded to give up their precious currency.