Chapter 730: The Dollar Oil System
The U.S. dollar is the world's currency, and the U.S. dollar is the strongest, but if you have studied economics, you will know that currency is just a general equivalent, if you look at it from this point of view, only physical currency, such as gold and silver, a natural precious metal, can act as a currency function, and the U.S. dollar is just a piece of paper printed by Americans. Pen × fun × Pavilion www. biquge。 info
However, this piece of paper is very strong. This is because of the policy role of the United States. After the end of World War II, almost all the world's gold went to the United States, and the abundant gold reserves of the United States, coupled with the leading position in the Western world after the war, made the Western world acquiesce to the circulation status of the dollar, and the pound plummeted.
The United States converts the dollar according to a fixed gold ratio, and the dollar at this time is equivalent to gold, and this system, which is the Bretton Woods system, supported the recovery and development of the Western world after the war, but unfortunately, this system is related to the domestic gold reserves of the United States, and as the United States continues to reduce gold reserves, this system eventually collapsed during the Nixon period.
At this time, the world is already flooded with a large number of dollars, and if all these dollars flow back to the United States, the American economy will collapse in an instant, and the dollar will depreciate into waste paper.
So, at this time the Americans found a way to replace gold, black gold, oil!
In this era, oil is an irreplaceable energy source, in the world, it can simply act as a hard currency, but, unfortunately, the United States does not have rich oil reserves, can not treat this thing as gold, however, the United States soon found a workaround, after negotiating with Saudi Arabia, OPEC decided to use the US dollar, an international currency, as the only currency to settle oil!
In this way, any other country that wants to buy oil must have dollars! And the way they get it is to export goods, then, the United States only needs to print money, it can get all kinds of goods, and these commodities are simply given to the United States for nothing, the exported goods, get dollars, and then to the oil-producing countries, the oil-producing countries export oil, and at the same time get a lot of dollars, and these dollars, can continue to circulate in the world, buy goods from other countries, can also flow back to the United States, to meet the luxury life of the Middle Eastern tycoons.
In the whole process, the United States is simply a white wolf with empty gloves, of course, the United States also has to pay the price, that is, the United States uses force to ensure the security of these countries, why does Saudi Arabia agree to use the dollar as the only settlement currency for oil? That's because these local 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 dollar oil system, the basis for its existence is gone!
The system proposed by Nixon at the beginning was for the United States to continue to exploit the countries of the Third World! Now, the countries of the third world have woken up and will definitely not allow the United States to exploit them like this! Oil is a gift from the true god to the Middle East, how can it be cheaper for the Americans in the end! Let Americans keep printing dollars and spend them all over the world! It's equivalent to the whole world paying for the Americans!
The military struggle is over, and the economic struggle can better hit the United States! One of the tricks used by Andrei in 82 was to dismantle the dollar oil system!
"However, we use US dollars to settle oil, also because the US dollar is the world's currency, we can settle in this way, we can avoid all kinds of troubles and drawbacks such as exchange rates of various countries, if we do not use US dollars to settle, what should we use to settle?" Hearing Andrei's words, Al-Farabi, the new Iraqi oil minister on the side, said.
The economic development of various countries is different, the exchange rate is different, and the currencies of various countries may depreciate at any time, so the Middle East originally chose the US dollar to settle for these reasons, after all, in the world at that time, the US dollar was still a relatively strong currency.
"That's because of the exploitation of the Americans! The Americans use the dollar oil system to kidnap all our oil-producing countries! Andrei said: "If there were no dollar oil system, the dollar would not be the world currency for a long time, and the high quality of life that Americans enjoy now is exploiting the interests of our oil-producing countries!" ”
Andrei's voice was a little loud, Farabi suddenly trembled when he heard it, he secretly scolded himself in his heart for being stupid, at this time, even Uday and Kusse didn't dare to save Andrei's face, and he expressed any objections! Isn't this looking for death?
What a damn one!
Fortunately, Andrei was not really angry, he just expressed contempt for his short-sighted gaze as a high-level official of the state, and he didn't even have this knowledge, so what kind of high-level person should he be!
"General Andrei, what currency should we use as the settlement currency?" Kusse, who was on the side, cautiously asked, "Is it rubles?" ”
The Soviet Union helped Iraq and won the war, of course, in order to ask for benefits, which can be satisfied not only by obtaining a few oil wells in Saudi Arabia. Abandoning the petrodollar system, what currency is used? It must be rubles! In this way, the benefits of the American appropriation are now all in the possession of the USSR!
"Our ruble is stronger than the dollar, and there are many countries that use the ruble, in addition to our Soviet Union, Eastern European countries are also the main users of the ruble, so if you use the ruble for settlement, it will definitely be the most appropriate." Andrei said: "However, at this stage, it would be a bit hasty to switch directly to the ruble settlement. ”
Andrei, of course, will not give up the way of settling oil in rubles, now, the USSR was originally a major exporter of oil, plus Iran, Saudi Arabia, which were directly controlled by the USSR, settled in rubles, it is no big deal, and Iraq, now they do not dare to say it even if they have opposition in their hearts. But now, it is not appropriate to directly say that the settlement will be in rubles.
The reason is very simple, because the oil exported from the Middle East is mainly for Western use! Even the oil exported by the USSR was for Western Europe. And the Western world, led by the United States. What will happen if it unilaterally declares that it will abandon the dollar to settle oil and switch to rubles?
A boycott of the entire Western world! They will never agree, under the manipulation of the United States, they will definitely sacrifice their own country's industry to fight the oil-producing countries!
If the Middle East does not export oil, then the black gold in the ground is nothing! Therefore, it is not suitable to deal with it simply and rudely.
What to do? Disintegration of the West from within, of course! (To be continued.) )