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The historical crusades against Muslim lands, the colonization of Spain by the Muslim Moors and India by the British were all driven by economic interests, despite the advertised reasons that were used to mobilize their armies at the time. In my opinion, the invasion of Iraq was not about spreading democracy or weapons of mass destruction, it was about the oil.
A non-competitive tender is a bid made by a small investor to purchase a debt issue that has its price based on the average price of all competitive tenders submitted. It is a method of distribution used primarily by the U.S. Treasury and is one of the two bid processes for buying debt issues. A non-competitive tender is for small investors, while the competitive tender is for large institutional investors. A non-competitive tender is also known as a non-competitive bid.
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