Chapter 730 The Dollar Oil System
The US dollar is the world's currency, and the US dollar is the strongest. However, after studying economics, you will know that currency is just a general equivalent. From this perspective, only physical currency, such as natural precious metals such as gold and silver, can serve as the function of circulating currency, and the US dollar is just a piece of paper printed by Americans. ★
However, this piece of paper is very strong. This is because of the United States' policy role. After the end of World War II, almost all gold in the world was scattered to the United States. The United States' sufficient gold reserves, coupled with its post-war leadership in the Western world, made the Western world acquiesce the status of US dollar circulation, and the British pound plummeted.
The United States converts the US dollar according to a fixed ratio of gold. At this time, the US dollar is equivalent to gold. This system is the Bretton Woods system, which supports the recovery and development of the Western world after the war. Unfortunately, this system is related to the reserves of gold in the United States. As the United States continuously reduces its reserves of gold, this system eventually collapsed during the Nixon period.
At this time, a large number of dollars are already flooded around the world. If all these dollars flow back to the United States, the US economy will collapse instantly and the US dollar will depreciate into waste paper.
So, at this time, Americans found a way to replace gold, black gold, oil!
In this era, oil is an irreplaceable energy, and internationally, it can simply act as a hard currency. However, unfortunately, the United States does not have rich oil reserves and cannot regard this thing as gold. However, the United States quickly found a way to adapt. After negotiating with Saudi Arabia, the OPEC decided to use the international currency, the US dollar, as the only currency to settle oil!
In this way, if any other country wants to buy oil, it must have US dollars! The way they obtain is to export goods. Then, the United States only needs to print money to obtain various items. These goods are simply for nothing to the United States. The exported goods are obtained US dollars, and then exported oil to oil-producing countries and oil-producing countries, and at the same time they also obtain a large amount of US dollars. These dollars can continue to be circulated in the world, purchase goods from other countries, and can also flow back to the United States to meet the luxury life of the rich people in the Middle East.
During the whole process, the United States was simply making a fortune. Of course, the United States also had to pay the price, which was the US force to ensure the security of these countries. Why did Saudi Arabia agree to the US dollar as the only settlement currency for oil? That is because these tyrants need bodyguards.
But now, this balance has been broken, the United States cannot provide protection to these countries, and the United States cannot control these countries. Then, the US dollar oil system has no foundation for its existence!
The system proposed by Nixon was to continue to exploit the countries in the third world! Now, the countries in the third world have woken up and will never let the United States exploit them like this! Oil is a gift from the real god to the Middle East. How can it be cheaper for Americans in the end! Let Americans continue to print dollars and spend money all over the world! It is equivalent to the whole world paying for Americans!
The military struggle has ended, and economic struggle can better attack the United States! One strategy that Andrei used in 1982 is to disintegrate the US dollar oil system!
"However, we use the US dollar to settle oil, because the US dollar is the world's currency. Our settlement in this way can avoid various troubles and disadvantages such as exchange rates of various countries. If we don't use the US dollar to settle, what should we use to settle oil?" Hearing Andre's words, Farabi, the new Iraqi oil minister, said.
The economic developments of different countries are different, the exchange rates are different, and the currencies of each country are likely to depreciate at any time. Therefore, there were some reasons why the Middle East chose the US dollar to settle the settlement. After all, in the world at that time, the US dollar was still a relatively strong currency.
"That's because of American exploitation! Americans use the US dollar oil system to kidnap all our oil-producing countries!" Andre said: "If there was no US dollar oil system, the US dollar would have long been no longer the world's currency. The high-quality life that Americans enjoy now is exploiting the interests of our oil-producing countries!"
Andre's voice was a little loud, and Farabi suddenly trembled all over when he heard it. He secretly called himself stupid in his heart. At this time, even Uday and Kusey dared not give up Andre's face, and he expressed his objection! Isn't this asking for death?
It's so damn!
Fortunately, Andre was not really angry, but just expressed contempt for his short-sighted gaze as a senior national official. He didn't even have this little knowledge, so why should he be a senior official!
"General Andre, what currency should we use as settlement currency?" Kusey asked carefully, "Is it a ruble?"
The Soviet Union helped Iraq to win this war, of course, to ask for benefits. This benefit is not just to obtain a few oil wells from Saudi Arabia. What currency should be used for abandoning the oil-dollar system? It must be a ruble! In this way, all the benefits occupied by the United States are now occupied by the Soviet Union!
"Our ruble is stronger than the US dollar, and there are many countries using ruble. In addition to our Soviet Union, Eastern European countries are also the main users of ruble. Therefore, if you use ruble to settle, it is definitely the most suitable." Andre said: "However, at this stage, it would be a bit too hasty if you turn directly to ruble settlement."
Of course Andre would not give up the way of using rubles to settle oil. Now, the Soviet Union was originally a major oil exporter. In addition, Iran and Saudi Arabia, which were directly controlled by the Soviet Union, were no big deal. However, even if they had objections in their hearts, they would not dare to say it out. But now, it would be inappropriate to just use rubles to settle.
The reason is very simple, because the oil exported from the Middle East is mainly for use by the West! Even the oil exported by the Soviet Union is also for Western Europe. In the Western world, the United States is the one. If our side unilaterally announces the abandonment of the US dollar to settle oil and switch to rubles, what will the result?
The boycott of the entire Western world! They will never agree. Under the manipulation of the United States, they will definitely fight against the oil-producing countries at the expense of their own country's industry!
If the Middle East does not export oil, the underground black gold will be nothing! Therefore, it is not suitable to not deal with it simply and roughly.
What to do? Of course, it is to disintegrate the West from the inside! (To be continued.)8
Chapter completed!