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Old 10-27-2004, 06:02 PM   #19
That Guy
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Did you know that the Saudis have 1 trillion dollars in our banks & if they ever decided to remove it our economy would be shattered. Call it what you want, but I call it extortion.
you know who has even more of our money? the japanese... lots and lots of countries invest heavily in the US because of its stability... I don't really see anyone taking out that kind of money because they'd lose all the compounded interest collection, the transfer would be a total PitA, and there's no gaurantee the next holder will be any better...

the economy of such things as buying and selling goods would generally be unaffected, since this is bank money the most likely effects would be higher car and home loan rates (and could affect corporate borrowing, but companies operating on profit wouldn't be hit too badly)...
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