Secret deal with the U.S and Saudi Arabia from 41 years ago to buy U.S Treasuries .

Watching Bloomberg News this morning an interesting story come fruition because Bloomberg sued the U.S government freedom of information act and the U.s government release the fact 41 year ago a secret deal for Saudi Arabia to buy U.S Treasuries was made. In 1974 the U.S had worst economy sine the 1930's so President Nixon needing money to finance the government reach out Saudi Arabia and sent Sec. of Treasury William Simon to Saudi Arabia to get the deal done. The only thing Saudi Arabia was that deal be kept secret.
Saudi Arabia for first time might to into debt market, maybe as much as 15 billion dollar. Last week Qatar had successful bond offering 9 billion far more then anyone excepted- maybe the Saudi's took note.
The Phillippines just elected a new President, who wants to bring back the death penalty and maybe bring some Communists into government. He barely defeated Marcos son.