In this circumstance, Mr Krugman would be right: the Fed would have to sell
vast amounts of bonds and other assets, and the $ 1 trillion platinum coin, to drain those
reserves and regain
control of interest rates.
Mansour's personal wealth ran into the tens of billions of pounds due in part to his
control of
vast oil
reserves in the UAE and numerous other investments, including a stake in Virgin Galactic and Sky News Arabia.