With the excessive support of social welfare and war, combined with the monetization of the Fed's deficit, the amount of dollars circulating in the market far exceeds the amount of gold that can be supported. As a result, the gold supply in the United States was gradually depleted, from 706 million ounces at the end of World War II to 286 million ounces in 1971.

Then-US President Richard Nixon announced the decoupling of the dollar from gold in '71, ending the Bretton Woods system.

In order to ensure the dollar's status as the world's reserve currency, the U.S. government had to work out a new agreement to give other countries enough reasons to hold and use the dollar, which is the petrodollar system.

At that time, the U.S. government approached Saudi Arabia and created this system.

Although this system is high-sounding on the surface, in reality, the essence of the system is this: the United States guarantees the enduring status of the Saudi royal family, and Saudi Arabia reciprocates the United States: 1. Use its leadership position within OPEC to ensure that all crude oil transactions are settled in US dollars. 2. Invest a large amount of dollars earned from crude oil trading in US Treasury bonds, and use the proceeds of the Treasury bonds to pay for the works of modern infrastructure in Saudi Arabia by American companies. 3. Ensure the stability of oil prices within the tolerance of the United States and prevent the emergence of an embargo on crude oil by other OPEC members.

Since crude oil is the world's largest traded commodity and the most strategically valuable commodity, the use of US dollars to settle crude oil transactions necessitates large US dollar reserves for governments.

For example, if Italy wants to buy oil from Kuwait, it must first buy dollars in the foreign exchange market to pay for the oil. This creates a virtual market for the US dollar that does not actually exist.

This demand is virtual, as the dollar acts as a mere intermediary in trading. This has no connection to a U.S. product or service. Eventually, this will lead to an increase in the purchasing power of the US dollar, and a deeper, more liquid market for the US dollar and US Treasuries. Moreover, after the oil-producing countries collect dollars, they have to go back to the United States to consume them. It has almost firmly kidnapped the oil-producing countries into the chariot of the United States.

And the United States will have the privilege of buying imported goods, including oil, without using foreign exchange. The currency used by Americans is printed themselves. At the same time, since all countries must use dollars to buy oil, then countries must use their own products to sell internationally, which is equivalent to the United States can buy things as long as it prints money.

The petrodollar system has brought great benefits to the United States. No matter how much the finances deteriorate, no matter how much the United States is unable to make ends meet, it can live very comfortably, and through this system, the United States can continue to consume the products of people all over the world by printing money. Americans enjoy all the benefits of this system.

All this should not have happened, why can the United States, which is high above, exploit people all over the world? Over the years, Americans have printed so much money. In global circulation, Americans have seriously overdrawn their purchasing power, and the high standard of living of Americans is based on the exploitation of global people!

It's time for the system to collapse!

Since it has entered the war, it is a matter of life and death, and if the Americans are not completely killed, Pakistan will not have a good life.

With such a goal. Mhammad made a secret visit to Riyadh, the capital of Saudi Arabia.

At times like these, it is safest for Mhammad to stay in his own country. If Mhammad's course of action had been known, the Americans would have ambushed him halfway, but Mhammad had no choice, and this time, the most important event that would determine the pattern of future generations had to be handled by Mhammad himself.

Mhammad did not take the plane. Instead, he got on a high-speed ground effect aircraft, passed through the strait, and directly crossed the vast desert area of Saudi Arabia and arrived at the capital Riyadh.

By the time Mhammad got off the ground-effect aircraft, he was greeted by a familiar face.

"Prince Sultan!" Mhammad shouted to the man opposite. This middle-aged man is none other than Saudi Arabia's high-ranking defense minister and an old acquaintance of Mhammad.

"President Mhammad, if you dare to come out at this time, I will sweat for you, you must know that you are now a thorn in the side of the Americans." Prince Sultan said.

Saudi Arabia's defense policy is inclined towards the West, but now, Prince Sultan is teasing, there is no respect for the West, and Mhammad certainly knows why, and at the same time his heart is happy.

"Get in the car." Prince Sultan brought Mhamad to a convoy that had already been prepared, and half of the guards of the convoy were Pakistanis.

After the U.S. went to war with Iran, two divisions of Pakistani troops were stationed in Saudi Arabia to help Saudi Arabia defend the country, and these Pakistani soldiers are now Mhammad's most trusted subordinates.

"His Majesty the King is worried about you when he hears that you are coming, in fact, I can just go over, and I don't have to bother you to come from Pakistan." Prince Sultan was in the car and said to Mhammad.

"At stake is the future of our ****** world, and I have to come here." "Moreover, the important matter we are about to discuss can only be shown by me when I mention it to His Majesty the King in person," said Mhammad. ”

"President Mhammad, that battle on the sea really gave us a long morale!" Prince Sultan continued to say to Mhammad that as Minister of National Defense, Prince Sultan is most concerned about the construction of the army, and now, Pakistan is so brave that the whole ****** world feels straightened.

"Thankfully, we were prepared." Mhammad said: "If you buy weapons from the West, you will be controlled by others, and this time, the Americans tried in vain to destroy our combat system by planting a virus inside our fighter planes, but fortunately we saw through it and let us counteract it, and most of the Americans' reconnaissance satellites were destroyed by us." ”

Be prepared! It can be said that since the import of the first batch of US fighters, Mhammad has been guarding against the black hand behind the back of the United States, otherwise, he would not know how to die.

Soon, the convoy entered the city of Riyadh and headed straight for the royal palace.

Welcoming Mhammad warmly and sitting back in his chair, King Fahd said: "We in Saudi Arabia and Pakistan share the same beliefs, and we have maintained close and friendly relations over the years, and it has been proven that Pakistan has great power to help us stabilize our ********** world order." (To be continued.) )