Chapter 116 Monetary Policy
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Opposition from the American side? What does this have to do with the United States? King Fahd knew that if he was able to let the US Secretary of State fly for such a long time, and there was no jet lag after coming down, he would definitely come to see him directly, and he must have discussed important matters, and among these things, there must be something about their joint currency. Pen%Fun%Pavilion www.biquge.info{{}}
Originally, they thought that the United States would oppose this step-by-step plan when the final implementation of oil settlement in its own currency would be aroused, but now, it is only the first step, and it has aroused strong opposition from the United States.
In terms of the hegemony of the dollar, the United States absolutely does not allow the emergence of a currency that may threaten the status of the dollar, and for Europe, the United States can only play behind its back, but for the Middle East, the United States has no scruples.
Up to now, the US aircraft carriers are still sailing in the Arabian Seas, and the hegemony of the US dollar has maintained a strong military force in the United States, and the strong military power of the United States has maintained the status of the US dollar.
"We must implement this plan, this is our own affair of our three countries, our Arab world, and it has nothing to do with your country. {{}}," said King Fahd. In this matter, their attitude is that they must be resolute, and if the United States wants to maliciously provoke a military conflict over this matter, then they will resolutely carry out this war!
Iraq has set an example, and under the military pressure of the United States this time, Iraq has taken its due actions, and Saudi Arabia and Kuwait will definitely not compromise.
"Your Majesty, you have misunderstood." George said, "This proposal from your three countries. The idea is good, but there are many unexpected challenges that come with realization. ”
George patiently explained: "Europe has always wanted to unify their currency, but decades have passed, and their plan has not worked, and there are complex economic problems in this. The imbalance in economic development between countries and the principle of the supremacy of their own interests between countries make a unified currency impossible between different countries. ”
George needs to explain to the Saudis that their plan will be a failure, so that the Saudis can dispel this idea.
"The original intention of this plan is very good, and the currencies of the countries are harmonized. {{}} There is no exchange rate problem between each other, and goods are ziyou circulating. It can lower prices and make people's lives easier. George said: "However, the unification of this currency has a lot of insurmountable economic problems, and when there are economic problems and fluctuations, countries will definitely take care of themselves first, and the economic order will be disrupted, so." It is unlikely that this plan will really work, unless it is possible for one country, that is, the whole of the Middle East, to be united into one country. ”
After speaking. George looked at King Hiderd, and he said this, naturally, with a purpose, this kind of thing. Can the Saudis see it? At present, Iraq's military has far surpassed that of other countries, and even Saudi Arabia, which is fully equipped with the United States, is not Iraq's opponent.
If Iraq has ambitions, can Saudi Arabia fight it? Iraq has experienced the influence of war, and the army is strong to the point of perversion, can Saudi Arabia be so calm? This time Iraq proposed to let them unify the currency, this is one of Iraq's ideas that wants to conquer Saudi Arabia and annex Saudi Arabia!
George said it very implicitly, and his words could be understood in a lot. {{}}
"Besides, this unified currency, without 100 billion US dollars of start-up capital, I am afraid it will not be possible, this huge investment project, once it fails, it will be a big loss for Saudi Arabia, after all, your country's annual oil revenue is only 50 billion US dollars." George said.
In later generations, in the early days of the eurozone, the cost of the euro alone from the issuance to the use of the euro was as high as 160 billion to 180 billion euros, and George said that 100 billion dollars, but it did not scare King Fahd.
Especially the last sentence, as if he was ridiculing Saudi Arabia, he was crying poor just now, but in this matter, he was very generous.
After saying that, George looked at King Fahd, the wise king, who was already silent, wondering if his words had already moved King Fahd.
King Fahd pondered for ten minutes, and George waited like this for ten minutes, thinking that he had impressed King Fahd and that as long as he persuaded the Saudis to abandon the plan, his trip would be a complete success. {{}}
Who knows, after King Fahd pondered deeply, it was another result: "Mr. Scholz, you still don't know about us in Saudi Arabia, and you don't know about us in the Middle East." Here, in many cases, it is not money that can dominate everything, but more, and the affection between our Arab brothers, blood is thicker than water, and our entire Arab world is one. Now, we in Saudi Arabia, with its rich oil resources, the country has become rich, but there are still many countries whose economic development is not as good as ours, and the people's living standards are not high. And this plan can drive the economic development of our entire Arab world forward and improve the living standards of our entire Arab people, which is a plan for the benefit of our entire Arab world, so although we Saudi Arabia has invested a lot, we will definitely not withdraw from this plan just because of this reason, we will do something for our Arab brothers. ”
King Fahd's tone was very flat, but what was revealed from his words was the view that the interests of the entire Arab world were even higher than the interests of Saudi Arabia itself, which made George completely speechless.
Everyone in the world knows that the Saudis are generous. When oil was not discovered, the Saudis were able to slaughter the only sheep they had in their family to entertain their guests. And now, after the Saudis have great wealth, this is even more so, for example, when you go to a Saudi home, you must not show too much curiosity about a certain object, otherwise, when you leave, the other party will pack this kind of thing for you and give it to you.
However, George didn't know that the generosity of the Saudis had reached such an extent that for the entire Arab world to become rich, even if Saudi Arabia suffered a loss, Saudi Arabia was very willing. However, he knows that it is very normal for Saudi Arabia to have such views. On the issue of oil exports, OPEC has set quotas, but some countries, for their own interests, secretly export more oil, which will lead to an oversupply of oil and prices will fall, while Saudi Arabia itself reduces oil exports to balance the output of oil exports.
However, Saudi Arabia is willing to invest a huge amount of money in this monetary plan for the benefit of the Arabs as a whole, which makes George a little incredible, either King Fahd is great, or he has a deeper purpose.
For the sake of the interests of the Arabs as a whole, of course, Saudi Arabia has such an awareness, but for Saudi Arabia, after unifying the currency, using this currency to settle oil, and truly transforming the wealth of oil into the wealth of Saudi Arabia, this is their deeper purpose.
"So, is your country unwilling to give up this plan?" George asked.
"This plan of ours doesn't seem to have anything to do with your country, right?" Prince Sultan, who was next to him, asked.
"If your country can stick to your consistent policies, for example, stick to the current oil export policy, then we in the United States will change the way we think about it now." George said.
"Our Saudi oil policy will always be unwavering." King Fahd said: "For example, the US dollar is the only settlement currency for oil exports, and we in Saudi Arabia will always insist on this." ”
They are all people who understand, and they don't need to go around in circles to speak, and King Fahd's words can be regarded as a reassuring pill for George.
The difficult negotiations are over, and the exercises at sea are slowly coming to an end.
In some sense, George's visit was relatively successful, and as long as the United States has the strong financial support of Saudi Arabia and the United States can transfer the stock market crisis to these wealthy Arab countries, it will be able to successfully resolve the problems it is facing.
However, George also knew that although the Saudis advertised that they would not go back on their word, there was no guarantee that when their currency was really all in circulation in the Arab region, there would be such an idea, especially in countries like Iraq.
His next visit to Iraq was Iraq.
The United States has always been very troubled by Iraq's actions, Iraq is developing more and more in the direction of confrontation with the United States, and moreover, Iraq's military strength is very strong, and it has grown into a potential threat that is more difficult to deal with than Iran, and this time, Iraq actually dared to confront the US Navy head-on, and also fired an anti-ship missile, and the fighter plane flew past the US aircraft carrier, which is a serious provocation.
How to deal with Iraq, George can't come up with a better way, he only knows that the CIA has been planning a plan, planning a big event in Saudi Arabia, first dismantling an important ally of Iraq, in the Middle East, without the support of Saudi Arabia, Iraq is definitely not as arrogant as it is now, solving the Saudi problem, disintegrating Iraq's allies, when the time comes, after the new president takes office, it is likely that he will completely change his attitude towards Iraq and really strike a blow.
For Iraq, intimidation is useless, only in earnest. It is hoped that after Bush takes office, he will be able to come up with practical and effective methods.
But now, the United States needs Iraqi money, not only Saudi Arabia, but Iraq also needs to increase its holdings of American national debt. Although it was difficult, George also needed to wade through the water.
When George arrived in Baghdad, the Arab Space Corporation in southern Iraq was preparing to launch their first launch vehicle.
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