Chapter 1,15 Who robs who

George walked off the plane and saw that in addition to the US Ambassador to Saudi Arabia Hume Holland, Saudi Foreign Minister Prince Faisal.

Seeing that the Foreign Minister also came to pick him up, George felt relieved and had greater confidence in this trip. If there were only a few Americans who came to pick him up, he would be ready to be neglected.

When he arrived at the Saudi Palace, George saw that Saudi Arabia's Minister of Defense and Air Defense Prince Sultan welcomed him personally at the door. This scene made him even more convinced that his visit would definitely achieve his goal.

Hume followed by, feeling a little uneasy. These Saudis had such a bad attitude towards him at the beginning, and they represented the United States. Now that George is here, Saudi Arabia is mobilizing all the troops. Even the defense minister who has always been proud has come to greet him. Usually, this is a phenomenon that only the guy named Kusai can see.

After all, George is the Secretary of State of the United States, and he is the high-ranking official in charge of American diplomacy. The Saudis are already hospitable. So, when he learned that George was coming, Saudi King Prince Fahd immediately gave up his affairs and welcomed the arrival of this American diplomat.

"His Majesty the King, I am very happy to see you," said George.

"I am also very happy, Mr. Schultz, it has been three years since you last came to Saudi Arabia." King Fahd said: "Our old Saudi friends are very welcome to visit Saudi Arabia."

The atmosphere between the two sides was very harmonious. After expressing friendship, George raised the key content: "Saudi Arabia is our most trusted ally of the United States. At the beginning, it was Saudi Arabia who proposed to OPEC to completely use the US dollar to settle oil. Since then, we, the United States and Saudi Arabia, have shared interests. We have carried out extensive cooperation in various fields such as economy and military."

The person who discussed these matters was no longer there, but when it comes to this matter, both parties are still quite serious.

"Yes, this policy is the basic policy of our Saudi Arabia." King Fahd said.

George was a little relieved when he heard him say this, and he continued: "According to the agreement at that time, the Saudi government had an obligation to solve the possible economic problems of the United States by increasing its holdings of our US Treasury bonds when necessary. Because of the international currency of the US dollar, the United States must always prevent the speculation of malicious foreign financial funds."

He said, looking at King Fahd's face. Seeing him nodding frequently, George finally said: "But this time, our domestic stock market in the United States has been speculated by malicious funds, and there are temporary risks. We need Saudi Arabia to temporarily provide a batch of funds to help us to overcome this stock crisis in the United States. However, your country has been shirking responsibility, which completely violates the agreement between us."

"However, this time, the United States hopes to deal with this stock market crisis by issuing government bonds. Your government has been shirking responsibility and has not given a definite reply until now. Doing so completely violates our original agreement." George said, although the topic was sharp, his words were like an old friend talking.

In the United States, Saudi Arabia is like an old rich man. If you ask Saudi Arabia to borrow some money to spend, Saudi Arabia should generously take it out, but in the end, Saudi Arabia became a wealthy slave.

"We Saudi Arabia did not violate our agreement. But this time, you need too much money." King Fahd said: "You are asking us to hold your $50 billion in funds, but you should be clear that our country's main financial source is oil, and our oil exports only have $50 billion a year. We will take out $50 billion at once, and we may not have that much money on hand."

King Fahd said it very tactfully. Saudi Arabia agreed, but the US government cannot rob such an obvious way, letting Saudi Arabia pay the entire year of oil revenue to the United States. This is a bit too generous, right?

George didn't feel embarrassed when he heard King Fahd say this. He continued: "Only at this critical moment can the good national relations between your country and us. Your country's oil exports have accumulated a large amount of funds and it should be okay to take out 50 billion US dollars."

Why are you so poor? Saudi Arabia has sold oil for so many years, but if you don’t believe it, you can’t afford 50 billion US dollars.

This kind of search for Saudi Arabia's old secrets makes King Fahd feel a little unhappy. Saudi Arabia has money, but can it invest all its funds in increasing holdings of US Treasury bonds? What benefits can the United States give Saudi Arabia?

"Most of our funds have been invested," said King Fahd. "In the United States, we have purchased a lot of real estate and some of the company's shares. We do not store them in the form of cash in our Saudi central bank. If your country wants to spend so much money to buy government bonds, then we can only sell the assets in the United States and then have enough funds to buy those government bonds."

The United States prints money, and other countries exchange dollars for exports of goods to the United States. Then, they use these dollars to trade with oil countries. The oil countries export oil and exchange it for dollars, and then use these dollars to consume in the United States. In this way, the United States intercepts the world's wealth into its own countries.

After Saudi Arabia became rich, it also invested a lot in the United States, which is also a way for the United States to threaten Saudi Arabia by freezing Saudi Arabia's property in the United States.

Now, when King Fahd said this, although George knew that there were excuses and perfunctory elements in it, he could not really agree to let Saudi Arabia withdraw its funds in the United States, which would be even more unfavorable to the current crisis.

Saudi Arabia is so rich, I don’t believe that they can’t afford 50 billion.

Even if Saudi Arabia has 500 billion, it will never be able to spend money like this.

Both of them have their own opinions.

The talks were temporarily in a cold situation.

George was about to say something stressful when he heard King Fahd continue: "We Saudi Arabia have always been very active in the request of our American friends. After our recent preparations, we finally mobilized $20 billion to purchase government bonds issued by the US government."

The United States demands 50 billion, and Saudi Arabia will never agree. However, in order to make the United States weigh and accept the current situation, Saudi Arabia also has to cut some meat. Therefore, after careful study, the Saudi government decided to increase its holdings of US $20 billion in US Treasury bonds.

It was originally an astronomical figure to ask Saudi Arabia to purchase US 50 billion US dollars of government bonds. Now, although it is not enough to increase its holdings of US 20 billion US dollars of government bonds, Saudi Arabia has made its own contribution.

"We have called for other funds for domestic construction for 20 billion US dollars, so it is impossible to have more. However, our Saudi family and individuals who are friendly to your country are willing to extend their hands to help the United States overcome this crisis." King Fahd continued.

The country produces some, and the individual produces some. The big families in Saudi Arabia are all very rich. The United States also knows this completely.

George felt that his purpose of coming to Saudi Arabia this time was halfway. There should be no problem for major families in Saudi Arabia to purchase 20 billion to 30 billion national debts.

"However, I'm afraid that the families and individuals in our country are not willing to hold your country's national debts because the returns of the national debts are very low. However, this time the stock market crisis in your country has caused the stock price to plummet and is still falling. The funds in China are very willing to invest in your country's national stock market. Sultan, what do they say this is called?" King Fahd asked.

"It is called bottom-buying, which means buying at the lowest stock price. At this time, you can get more profits." Prince Sultan said.

"Yes, it's called bottom-buying. They all really want to buy bottom-buying on the US stock market. As long as your country agrees, coupled with the publicity of our government, there will be a large amount of funds in China to flow to your stock market. In this way, your country's stock market crisis can be successfully resolved, and at the same time, those in the country will also get more profits." King Fahd said, and smiled bitterly: "The interest on your country's national debt is too low, and they are not interested!"

"Yes, I'm going to take out two million dollars to buy the stock called Ford Motor Company. I heard from people in Kuwait that it takes less than a year to buy stocks, and the two million dollars will turn into three million dollars." Prince Sultan next to him said.

Thanks to the abundant oil resources, the Saudis are very wealthy. Among the prominent families, they have more funds. Prince Sultan said that buying stocks for 2 million US dollars is as casual as buying an ice cream on the roadside. George knew that if Saudi Arabia's private funds entered the United States, it would be possible not to mention 30 billion, or 50 billion. But in this way, he always felt like he was looted by Saudi Arabia.

In name, the Saudis went to the United States to help their stocks appreciate. In fact, the Saudis wanted to make some money. They had a strange idea. In fact, the Saudi government was unwilling to buy US Treasury bonds. They must have funds and were planning to make some money on the US stock market.

Unfortunately, George has no way to refuse now. In any case, this is an effective way to solve the current domestic problems of the United States.
Chapter completed!