Chapter 813 - The Asian Dollar of Petroleum is Challenging the Petrodollar!
Although the visit of Yang Weiping, the head of the Eastern Union to the United Kingdom, did not cause a huge sensation in the world like Yang Weiping's visit to the Soviet Union, it was still the focus of attention of all countries in Eastern Europe, Western Europe and Northern Europe in Europe.
No matter which head of state visits the UK, there are two places that must be visited.
One is Buckingham Palace and the other is the City of the City.
On the east side of London's famous St. Paul's Cathedral, there is a piece known as "One Square Mile". Dense with buildings and narrow streets, it may not be as tall as Manhattan in New York, but it has a steady, heavy architecture and lavish interiors. It is home to hundreds of banks and other financial institutions, and is seen by the global financial community as a replica of Wall Street in London, which is the City of London.
London is one of the world's most powerful international financial centres. It is home to the world's largest foreign exchange market, the world's largest OTC financial derivatives trading market, the world's second international insurance market, as well as the oldest stock exchange and gold market. In addition, the European money market and commodity market here also play an important role internationally.
Standing on the rooftop of this windowless eight-story building in the center of the City of London, Yang Weiping overlooked the more than 100 British banks and more than 520 foreign banks around it.
This kind of atmosphere with a heavy historical heritage is something that the current Oriental Union Union cannot compare with for the time being.
Even though England is now in decline, no country in the world can deny the great contribution of the industrial revolution initiated by the British Empire to the development of human civilization.
Even in the fifties and sixties, when the British national economy was in a long-term depression and recession, the City of London still shines with its unique dazzling light. It generates more than £2 billion in net profits and taxes for the UK government every year.
However, the nature of the capitalist state and the nature of finance capital has made the financial tycoons here indifferent to the economic and industrial development of the country. How to maximize capital profits is what they are most concerned about. This also leads to the fact that Britain's industry cannot get the large amount of money urgently needed for transformation and upgrading, so that the United States, Germany, Japan and other countries not only surpass Britain in traditional industries such as steel, shipbuilding, textiles and coal, which were originally Britain's strongest points. And it is also ahead of the UK in the field of high-tech.
Of course, from the standpoint of the national interests of the Oriental Union, Yang Weiping will never say a word about the financial tycoons of the City of London, because the former North Burma accounts for a large part of the overseas investment in the City of London. In particular, the South Asia Railway trunk branch line network connecting the port of Sittwe-Mingkun City in China. The City of London tycoons have made outstanding contributions.
"It's a microcosm of England's history. ”
As a special escort to the Financial City, Archduke Field, who stood side by side with Yang Weiping in front of the battlements of the castle, obviously pointed with a little pride to the various national flags representing 142 countries around the world fluttering over hundreds of banks around him, and said with a smile: "If the British Empire wants to regain its former glory, this will be the source point." ”
"The premise is that you can deal with the contradictory relationship between industry and finance. Yang Weiping reminded indifferently with kindness: "Since the establishment of the Bretton Woods system, the bankers here have repeatedly weakened the international competitiveness of British industrial products in order to maintain the exchange rate of the British pound against the US dollar, and the export trade has been hit hard. Your Excellency. Don't you think that the various financial institutions here have far more talent than the British industry?"
"The competition for the capital market, to paraphrase a famous Chinese saying, can never keep a bowl of water even. Archduke Field shook his head disappreciatively and smiled: "Industry can only serve capital and make profits for capital. Capital can control a country's industry, but industry cannot control capital. Only the vitality of the financial market can bring new prosperity to industry. ”
"Huh. Perhaps. Yang Weiping didn't bother to argue with Archduke Field on this issue, and smiled indifferently: "A financial war." It is true that the financial system of an industrially underdeveloped country can be destroyed lightly. But when countries with equally developed industries collide with each other financially, the comparison is to see whose industrial base is stronger. ”
"Yuan is the first to be born, I have to say that in the field of competition in the international financial market, you have a good card in your hand. Grand Duke Field looked at Yang Weiping with admiration in his eyes, and said with a sigh: "Every slight change in the oil sub-dollar. I don't touch the sensitive nerves of all financiers around the world. With the increasing amount of oil Asian dollar repatriation, the shock brought to the international financial market is becoming more and more intense. ”
Yang Weiping glanced deeply at Archduke Field, then turned his gaze to the star-striped banner fluttering above the Morgan Bank in the distance, and said slowly: "This world is not only the oil Asian dollar, but also the petrodollar. ”
Grand Duke Field smiled wryly and shook his head slightly. "The problem is that the return of the Asian dollar of oil has exceeded the return of the petrodollar, and recently, Iraqi President Saddam Hussein announced that Iraq will establish a new oil exchange, and the Asian dollar will be used as the currency unit for oil pricing and trading," he said with a sigh. I'm afraid, I'm afraid the U.S. government won't be happy!"
The date on which the Iraqi government announced the establishment of a new oil exchange came the day after Yang Weiping's visit to the Soviet Union. In this regard, Yang Weiping certainly can't be unaware of this global news.
Iraq's decision to replace the petrodollar with the Asian dollar has rightly attracted widespread attention from governments around the world.
Since the seventies, the United States and Saudi Arabia, the world's largest oil producer, have reached an unshakable agreement to make the dollar the sole pricing currency for oil, which has been agreed to by the other OPEC members. Since then, the dollar has been closely linked to oil, and the two have been invisibly equated, and any country that wants to trade oil must have sufficient dollar reserves.
However, in 1979, Northern Burma, with its huge offshore oil resources, announced that it would link its issuance of Asian dollars to oil, and officially launched the Asian dollar of oil, which virtually gave the world another oil settlement currency unit.
Since the main transaction settlement of the Asian dollar in North Burma was the offshore crude oil market, it did not arouse the high vigilance of the US government at that time. However, with the world's most advanced offshore oil exploration and exploitation technology in North Burma occupying more and more offshore oil fields in the world, and the annual oil production is getting bigger and bigger, it is impossible for the United States to stop the rise of the Asian dollar of oil unless the United States immediately launches a war against North Burma and strangles this nascent state power.
The problem was that the U.S. government's focus was on the ongoing war in Afghanistan and the Iran-Iraq war. If the United States were to go into battle with its bare arms to go to war with North Burma, it would obviously not be in line with the will and will of the people in the United States. I originally thought that I could use South Burma to create trouble for North Burma to form a containment, but I never thought that North Burma seemed to have received God's special favor, and the speed of development of its national industry and national economy was not suitable to describe as a "miracle", it was completely a "miracle" revealed by God!
On the other hand, the Asian dollar is supported by the Soviet Union and China, the two major crude oil exporters, which is another major reason for the helplessness of US imperialism.
From 1980 to 1985, 22.4% of OPEC countries' oil exports went to the United States and 21.1% to OUE. Correspondingly, 37.2% of OPEC countries' imports came from OPEC during the same period, while only 13.6% came from the United States.
That being the case, oil-exporting countries have a more flexible economic impulse to adopt import-denominated currencies to avoid currency mismatches. In terms of long-term trends, the US dollar monopoly in global oil pricing and settlement is not necessarily beneficial to other countries other than the United States. This determines that the Group of Petroleum Exporting Countries will inevitably adopt the basic strategy of pricing and settlement in international currencies in line with its own interests.
Therefore, except for the United States, all countries in the world are not at all exclusive to the Asian dollar of oil.
In today's world, it is not the US imperialists who dominate the world. If it wants to launch a full-scale war against the Eastern Union now, the cost of war paid by the United States will definitely be much greater than that of the Korean War and the Vietnam War in the past. This is clearly not something that the Reagan administration can afford.
As a result, the consequence of the appeasement of the Eastern Union is that the Eastern Union has become more and more emboldened to challenge the US Government! Such a situation is enough to make Reagan and his White House aides repent of their intestines, but they have no way to deal with the United States.
Now, even Iraqi President Saddam Hussein wants to hug the thigh of the Eastern Union, which really angers the US government.
"As a country with complete territory and sovereignty, the Iraqi Government certainly has the right to decide on the basic strategy of international currency pricing and settlement of oil exports that suits its own interests. Yang Weiping said in a solemn and awe-inspiring voice: "Whether the US government is happy or not is their business, but if the United States intends to use military blackmail against Iraq because Iraq has chosen the Asian dollar of oil, the Eastern Union will definitely not sit idly by!"
"I and some of my old friends have carefully analyzed that it is unlikely that the United States will directly send troops to intervene. Archduke Field smiled a little gloatingly: "The only way Reagan can take is to increase the export of military aid to Iran." The longer Iran and Iraq fight, the more it seems to be in the interests of many people in this world. ”
"I'm more worried about the mentality of the Kuwaiti government right now. Yang Weiping said with a stern expression: "Kuwait is now one of Iraq's largest creditor countries, and as a neighboring country bordering Iraq, if this usury is too heavy, and Saddam Hussein will eventually break the pot and directly launch a war against Kuwait to liquidate it, it will not be in our interests." (To be continued......)