That's cash that could be used to grow the economy by financing industrial expansion. That's cash that they got from us for economic development and they are not lending it out. They are just sitting on it. Because at nearly 0.00% interest, it costs them nothing to hold it.
The economy is stalled and the banksters are a significant reason why it is stalled.
(H/T)
Speaking of trillions of dollars pounded down rat holes, one of the results of Bush's "Remake Iraq Project" has been to create a state that is cozying up with brutal dictators who have a penchant for slaughtering their own people.
More than six months after the start of the Syrian uprising, Iraq is offering key moral and financial support to the country’s embattled president, undermining a central U.S. policy objective and raising fresh concerns that Iraq is drifting further into the orbit of an American arch rival — Iran.Mission accomplished, O Dorquemada!
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