» Posted by Martin Weil on July 01, 2008

Guess who is getting richer as we get poorer...

That's the sovereign investment funds of Saudi Arabia (SAMA), Abu Dhabi (ADIA), Qatar (QIA) and Kuwait (KIA).

So excuse me if I vent for just one moment. WHAT IN GOD'S NAME DO WE THINK WE ARE DOING? Trillions of dollars spent on an occupation of Iraq, for which I for one see little economic, let alone diplomatic, return any time soon. Meanwhile, our nation's wealth (note that's yours and mine) bleeds out of every pore into the hands of folks whose own agendas are not necessarily in sync with our own. Is there not something desperately misguided about our nation's priorities?

We now return to our regular programming.

Graph and data courtesy of Brad Setser.

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