MOSCOW, October 10 (RIA Novosti)
Saudi Arabia is planning to reach an agreement with the United States on the purchase of artillery systems worth $186 million, Arabian website Elaf said citing a high-ranking source in the Saudi government.
Last month the parties agreed on the details of the upcoming deal, according to which Washington would supply 36 155-mm guns and 54 105-mm guns, the source said.
In October 2010, U.S. President Barack Obama announced the largest arms exports contract in the history of the country. The United States will supply various types of weapons to Saudi Arabia worth $60 billion. The orders include 84 new F-15 fighter jets and a contract to upgrade 70 F-15s already in service with the Saudi air force. Washington will also deliver 70 Apache helicopters, 72 Black Hawk helicopters, 36 Little Birds and 12 MD-530F helicopters, and a wide range of rockets, bombs and other equipment.
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- ratnikentrenching Wahabism01:27, 11/10/2011Obama is now a conscious tool of theocracy and of anti-democratic forces within Saudi Arabia. So much for the "Arab spring" which Obama and Hillary purport to support!! All this to help make the Persian Gulf an American bathtub and threaten Iran?? Let's end all the double-talk!!
- email@example.comThis is simply balance of trade at work19:38, 12/10/2011The Americans buy oil from Saudi Arabia and then Saudi Arabia buys weapons from the United States. In this way the money continues to circulate allowing Americans to continue to purchase more oil to be refined into gasoline for their cars.
Assuming a $60 billion purchase of weapons systems by Saudi Arabia, this amount is then multiplied by 4x as an infusion of capital into the US economy.
So a $60 billion purchase of weapons is really a $240 billion infusion into the US economy.
It is the same for all consumer spending.
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