Chapter 169: Throwing Out the Treasury Debt

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Although the countries in the Middle East, led by Iraq, have begun to enter the industrial field and initially develop their manufacturing industries, they still have a long way to go to build a developed industrial system, and if they want to fight an economic war with the old capitalist country, the United States, it is simply looking for death. Pen | fun | pavilion www. biquge。 info

However, the Middle East still has an advantage, that is, rich oil resources!

"Abdullah, do you mean to say that we still use oil as a weapon? As long as we adopt the Argentine dollar as the settlement currency, then the Americans will inevitably not be able to stand it, and the dollar will depreciate on a large scale. King Sultan said.

"No," Qusay said, "our time has not yet come, and if we really use the Argentine dollar as the settlement currency, then we can only make Bush make up his mind to launch a blow against us, and then war will break out." ”

"And we're going to cut oil production?" Jaber asked.

"It won't work that way, if this happens, it will affect not only the United States, but also the whole of Western Europe, then, Western Europe will not support us like this, and if Western Europe and the Americans become a gang, it will definitely not be good news for us." Qusay said.

So what to do?

"We have too many U.S. Treasuries in our hands right now, and we need to reduce our holdings of U.S. Treasuries." Qusay said.

In the process of exchanging and compromising with the United States, the Arab oil-producing countries had to increase their holdings of U.S. Treasury bonds, especially Saudi Arabia, Kuwait and Iraq, in the long run. If Qusay's final plan can succeed, the dollar will definitely depreciate, and the dollars and Treasury bonds in their hands will need to be sold one after another. So, from now on, sell US Treasuries to the international market!

Americans believe that their dollar is the international currency, and in this way, they can collect the world's wealth. It is equivalent to the whole world paying for Americans, and the consumption concept of Americans, if you have a dollar, you want to spend ten dollars, what if the money is not enough to spend? Overdraft! Ordinary people can overdraft their credit cards. And the whole country, if it wants to overdraw, it can only be borrowed.

Printing some waste paper can be exchanged for other people's wealth, which can continue to be used for their consumption. This is what characterizes Americans.

Having borrowed so many national debts, it is time for them to taste the consequences of this.

Speaking of the US national debt. This is a very serious problem, and in the field of economics, as long as the growth of the money supply is commensurate with the growth of production, the national economy can operate healthily. Therefore, the main prescription for controlling "stagflation" is to control the growth of the money supply. That is to say, printing more money will lead to inflation, so in order to curb inflation, banknotes are not printed casually, however, there is not enough money, there can only be one way: borrow money! As a result, the fiscal deficit. It was passed on to debt finance.

When Reagan took office, he vowed to cut government spending and fiscal deficits, but he created a miracle for the United States and left Bush with a mess. And Bush is also a loser, who only knows how to spend money.

When Reagan first took office, the US deficit was only $57.9 billion, which exceeded the $100 billion mark in 1982, and during Reagan's eight years in office, the cumulative fiscal deficit reached $1.67 trillion.

However, during this time. Domestic inflation in the United States is not high, remaining at around four percent.

It seems that the United States is still thriving, but no one sees that it is the result of Reagan borrowing a large amount of money. When Reagan first took office, the U.S. government had a debt of about $1 trillion, but eight years later, the U.S. national debt is close to $3 trillion.

After Bush took over Reagan's position, he did not care at all about the original promise, and in later generations, when Bush was ousted from office because of his re-election failure due to domestic economic problems, the US national debt reached an astronomical figure of $4 trillion. Of these, 1.5 trillion were borrowed from abroad.

In the end, borrowing new debts, but only paying off the interest on old debts, is already an endless cycle.

The United States is already the world's largest debtor. In later generations, the mess was left to Clinton, and it was only then that the debt began to be reduced.

Now, the person in debt is the grandfather, and it is justified that when the Americans borrowed money. However, Cusay decided to change that rule.

At present, the US Treasury bonds held by the countries of the Middle East are about $300 billion, and even if half of them are thrown away, they will be able to make the Americans drink a pot.

"Abdullah, even if we don't change our oil strategy and just sell US Treasury bonds, this will make the United States hostile enough to us, and it is very likely that we will start a war." King Sultan said.

With the current behavior of the Americans, if they sell US Treasury bonds in a big way, then Bush will certainly not be willing. Bush is angry, and the consequences are very serious, King Sultan is not afraid of the United States, he already hates the Americans to the core, but he knows that it is necessary to look at these problems from the perspective of the overall situation. "Yes, the Americans are very arrogant, but we still have a solution." "While we sell US Treasury bonds, we can hold the national bonds of other countries in Western Europe, such as Britain, France, Germany, etc., so that if the United States dares to wage war against us, we will resolutely fight back, because we are on the side of justice!" ”

The Americans certainly do not want to, but Western Europe is certainly willing, and the domestic economy of Western Europeans is not very good, and now, if the countries of the Middle East increase their national debt, Western Europeans will certainly welcome it very much, and when the time comes, if the Americans start a war because of this, the whole of Western Europe will resolutely oppose it.

If the Americans really dare to start a war, when the time comes, a series of measures will be taken to change the payment system, and there will be a lot of back-up moves for Qusay.

Moreover, now that the Americans have just set foot on Israeli soil, they are not firmly established, and they are not adapted to the climate of the Middle East, and they still have a long way to go if they want to be truly combative.

First in the economic field, engage the Americans at once. Qusay's idea is to take advantage of the situation. In the past, Qusay mainly used the power of the Soviet Union to survive in the gap between the two empires, but now, it relies on the power of Western Europe.

When, when the industry in the Middle East has developed greatly, when the goods made in Iraq have flooded the entire international market, and when the Americans' families use Iraqi-made things, then they really have the ability to wage an economic war, this time, it is only a small move, but this action is absolutely effective and can seriously disrupt the US economy.

When Bush stepped down, it was because of the deterioration of the domestic economy. As long as Bush survives and Clinton takes office, Iraq will once again have a chance to breathe. The Bush family has always been fond of using violence against the Middle East.

That's all there is to it? Bashar was a little dissatisfied, and King Hussein also had some disappointment on his face.

"In addition to that, we have another plan." "We want to support Palestinian statehood," Qusay said. ”

Palestine statehood! Hearing this, everyone's hearts were full of excitement.

This is because the pain in the hearts of all Arabs is the question of Palestine. Even if there is some friction between Jordan and Palestine, this wish will not change.

Until now, Palestine is still not a country.

This is a legacy of history. On 29 November 1947, the United Nations General Assembly adopted Resolution 181, which provided for the establishment of Arab and Jewish states in Palestine. As a result of the operation of the United States, Israel occupied most of the fertile land, and the majority of the Arabs were allocated only two-thirds of Israel's land, and most of the land was poor. Moreover, the issue of Jerusalem is internationalized.

The Jews immediately agreed to this resolution, which was entirely in Israel's favor, and on May 14, 1948, the "State of Israel" was proclaimed. The Arab States rejected and rejected the resolution and declared war on Israel on 15 May, the day after the establishment of the State of Israel, which resulted in defeat and Israel was given not only the land provided for by the United Nations, but also most of the land in the Palestinian areas provided for in the resolution.

During the wars in the Middle East, Israel continued to expand its territory and established a powerful state, while the people who once lived here were driven out by the settlements built by the Jews, lost their homes, and became refugees from other countries.

Everyone knows the truth, but this world, not singing a few words of our peace-loving beautiful girl, can make the world full of love, if you want to take back your own, then you must achieve it through war.

The Israelis accepted the 1947 UN resolution and were soon admitted to the UN as a member of the UN. The Arabs, on the other hand, did not agree with the UN resolutions and lost the best opportunity for statehood and joining the UN.

That is, until now, the Palestinian state in the hearts of the displaced Arabs has not stood where it should be.

Without a "state" entity recognized by the United Nations, Palestine cannot seek redress in the name of a "state" within the framework of international law, nor can it bring related accusations against Israel, including war crimes, nor can it participate in some organizations under the auspices of the United Nations. The Arabs at that time naively thought that they would be able to drive the Jews into the sea, and as a result, they ended up in the current situation.

So, Qusay proposed, now, this issue can not be delayed any longer, first establish a Palestinian state!

This is a powerful challenge to the United States' support for Israel, and it is the beginning of a tough voice from the Arab world in the Middle East!