Chapter 830: The Petrodollar System

Over the years, the relationship between Pakistan and Saudi Arabia is really very close, at the beginning, only Saudi Arabia provided funds to help Pakistan resist the invasion of the Soviets in Afghanistan, but after that, the relationship between the two sides gradually developed, and the most exciting thing for Saudi Arabia is that with the help of Pakistan, Saudi Arabia successfully purchased medium-range ballistic missiles with a range of 2,000 kilometers! These ballistic missiles are very deterrent in maintaining Saudi Arabia's national defense.

Not to mention that now, after Pakistan has successfully developed solid "launch vehicles", it has begun to help Saudi Arabia upgrade their ballistic missiles, giving Saudi Arabia a more accurate and fast strike capability.

After that, with the continuous development of Pakistan's military science and technology, Saudi Arabia purchased a large amount of equipment from Pakistan, the first-line fighters of the Air Force and the main battle tanks on the ground were all made from Pakistan.

When Saudi Arabia wanted to buy ballistic missiles, the Americans were reluctant to sell short-range missiles with a range of more than 100 kilometers!

Not to mention that after the conflict with Iraq, Pakistan's troops were stationed in Saudi Arabia to help Saudi Arabia guard the national border and prevent Iraq's invasion, and Pakistan's anti-aircraft missiles were also guarded around Riyadh, intercepting dozens of Scud missiles fired from Iraq.

Saudi Arabia is a country that values friendship and is very grateful to Pakistan.

In terms of civilian use, it can be said that Pakistan is almost the main supplier of daily necessities, and all kinds of daily necessities made in Pakistan occupy the main counters of Saudi supermarkets, with close distances and good quality.

And at the same time, Saudi Arabia will also have its own oil. Priority was given to Pakistan, and many times, privately, it was not even settled in dollars, and the goods were bartered directly.

And now, Pakistan's development has impressed Saudi Arabia. After the United States accused Pakistan of planning a terrorist attack on the United States and challenged Pakistan, Pakistan responded calmly.

As a result, the battle at sea surprised everyone, and it turned out that the Americans had a huge aircraft carrier formation. It's just a kind of goods.

Saudi Arabia is even more confident in Pakistan.

"We never choose war on our own initiative, we are peace-loving. But we are also absolutely not afraid of war, Your Majesty, as I have said before, the things of South Asia. We South Asians call our own shots, the same. We should also make our own decisions ****** the affairs of the world. "Right now, the U.S. economy is in sharp decline, and the use of the U.S. dollar as a settlement tool for oil is afraid that the U.S. dollar will depreciate in a large area around the world, which will be for the entire oil-producing country," Mhammad said. will cause a serious blow. ”

The biggest purpose of Mhammad's visit this time is to move Saudi Arabia and stop the petrodollar system!

What is the benefit of Saudi Arabia in using dollars to settle oil? The only good thing is because the United States is a superpower. The United States will provide military guarantees to Saudi Arabia to ensure the continuation of the Saudi royal family's regime. The real benefits have been obtained by the United States.

Now, the military strength of the United States has weakened rapidly, and Pakistan is gradually becoming an emerging industrial power, and its military power is also extremely strong, so in this case, Pakistan can completely replace the United States to support the development of the Saudi royal family.

You must know that Saudi Arabia's pro-American policy has attracted countless voices of opposition, and the entire Arab world has an unforgettable hatred for Israel, and historically, if it were not for the help of the United States, Israel would have disappeared long ago. In recent years, Saudi Arabia has become more dependent on Pakistan's military power, which can be said to be the main source of mercenaries for Saudi Arabia.

Saudi Arabia's defense policy is constantly tilting toward Pakistan.

But even so, it is difficult to make the Saudi royal family decide to break with the United States and completely turn to Pakistan, which is why Mhammad came to Saudi Arabia to meet King Fahd in person.

The first statement of Mhammad is that the depreciation of the dollar is inevitable.

"The domestic economic situation in the United States is deteriorating, the US government is constantly spending its financial resources on the military, and society is almost on the verge of collapse, just like the Soviet Union." "A recession in the United States is inevitable," Mhammad said. Now, China, the country with the largest foreign exchange reserves in the United States, has begun to sell dollars in exchange for the currencies of other countries, and it can be expected that the currency of the United States will soon become waste paper in the international community. This will affect countries that hold a large number of dollars. ”

A large number of countries that hold US dollars, of course, include oil-producing countries such as the Middle East, after all, they earn in US dollars.

Now, the mainstream understanding of the world, including Western Europe, is that the hegemony of the United States is about to end, especially after Western Europe has reached an agreement with China, and China has begun to increase its holdings of the currencies of these countries, it also means that international trade will gradually eliminate dollar transactions, so that the US economy will definitely accelerate its decline.

Naturally, Saudi Arabia also knows this.

If the United States really declines, then there is no need for the dollar oil system to exist, and now, it is not only the United States but Pakistan that can help Saudi Arabia stabilize the national political situation and realize the interests of the Saudi royal family.

"So what should we do? What to replace the dollar? King Fahd asked.

After all, until now, the US dollar is still the world's currency in circulation, and if it does not accept US dollars, what does Saudi Arabia collect?

"The best is gold." "Gold is hard currency, and it won't depreciate at any time, and to be honest, if the U.S. economy really goes down completely, the dollar will be just a piece of waste paper," Mhammad said. ”

Gold! These words suddenly stunned the people present, including Prince Sultan on the side, the muscles on his face were twitching, gold, do you really want to pay with gold?

If you buy it with gold, it will obviously significantly increase the value of these black gold, and it will increase the position of Saudi Arabia and other oil-producing countries in the international economy!

In the original international system, the dollar was pegged to gold to ensure the value of the dollar, but now, if oil is pegged to the dollar, then oil-producing countries no longer have to worry about the depreciation of the dollar! (To be continued.) )