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Chapter 830 The Petrodollar System

Over the years, Pakistan and Saudi Arabia have had a very close relationship. At the beginning, Saudi Arabia provided funds to help Pakistan resist the Soviet invasion in Afghanistan. However, after that, the relationship between the two sides gradually developed. What excited Saudi Arabia the most was 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 now, after Pakistan successfully developed a solid "launched rocket", it has begun to help Saudi Arabia upgrade their ballistic missiles, giving Saudi Arabia more accurate and fast strike capabilities.

Later, with the continuous development of Pakistan's military technology, Saudi Arabia purchased a large amount of equipment from Pakistan. The Air Force's front-line fighter jets and the main battle tanks on the ground were all made from Pakistan. These equipment greatly enhanced Saudi Arabia's national defense power, and there was no need to look at the Americans' expressions.

When Saudi Arabia wanted to buy ballistic missiles, the Americans were reluctant and were only willing 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 entered Saudi Arabia to help Saudi Arabia defend its national borders and prevent Iraq's invasion. Pakistan's air defense missiles 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 civil use, it can be said that Pakistan is almost the main supplier of daily necessities. Various daily necessities made from Pakistan occupy the main counters of Saudi supermarkets, with a short journey and good quality.

At the same time, Saudi Arabia also gave its own oil priority to Pakistan. In many cases, it did not even need US dollars to settle in private, and directly bartered.

Now, Pakistan's development has made Saudi Arabia look at it with admiration. After the United States accused Pakistan of planning a terrorist attack on the United States and challenging Pakistan, Pakistan responded calmly. Originally, Saudi Arabia was even more worried. The United States' military strength was quite strong. Pakistan would not suffer any losses, right?

As a result, the battle at sea surprised everyone. It turned out that the huge American aircraft carrier formation was just like a cargo.

Saudi Arabia is more confident in Pakistan.

"We never choose war on our own. We are peace-loving. However, we are absolutely not afraid of war. His Majesty the King, I once said before, South Asian things. We South Asians do our own decisions, and similarly, we should do our own decisions in the world." Mhamad said: "Now, the US economy is in a sharp decline. If you use the US dollar as a settlement tool for oil, you are afraid that the US dollar will depreciate on a large scale around the world, which will cause a serious blow to the entire oil-producing country."

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

What are the benefits of using US dollars to settle oil? The only benefit is that the United States is a superpower, and 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 United States' military strength has declined rapidly, and Pakistan is gradually becoming an emerging industrial power, and its military power is extremely powerful. Therefore, in this case, Pakistan can completely replace the United States to support the development of the Saudi royal family's regime.

You should know that Saudi Arabia's pro-US policy has attracted countless opposition. The entire Arab world has unforgettable hatred with Israel. In history, if it weren't for the help of the United States, Israel would have disappeared long ago. In recent years, Saudi Arabia has relied more on Pakistan's military power, and Pakistan can be said to have become the main source of Saudi Arabia's mercenaries.

Saudi Arabia's defense policy is constantly turning to Pakistan.

But even so, it is difficult to make the Saudi royal family decide to break up with the United States and completely turn to Pakistan. This is also the reason why Mhamad wants to come to Saudi Arabia to meet King Fahd in person.

The first statement of Mhamadti is that the depreciation of the US dollar is inevitable.

"The domestic economic situation in the United States is deteriorating, and the US government is constantly using its financial resources to the military. Society is almost on the verge of collapse, just like the Soviet Union." Mhamad said: "The economic recession in the United States is inevitable. Now, China, the largest country in the United States' foreign exchange reserves, has begun to sell the US dollar again and exchange the currencies of other countries. It can be expected that the currency of the United States will soon become waste paper in the international community. This will affect those countries that hold a large number of dollars."

Countries that hold a large amount of USD, of course, include oil-producing countries in the Middle East. After all, their income is all USD.

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

Saudi Arabia naturally knows these things.

If the United States really declines, then the dollar oil system will not be necessary. Now, it is not only the United States but also Pakistan that can help Saudi Arabia stabilize the national political situation and realize the interests of the Saudi royal family.

"Then what should we do? What should we use instead of US dollars?" asked King Fahd.

After all, until now, the US dollar is still the currency circulating in the world. If the US dollar is not charged, what will Saudi Arabia collect?

"The best thing is gold." Mhamad said: "Gold is a hard currency. No matter when it reaches its peak, gold will not depreciate. To be honest, if the US economy really declines completely, the US dollar is just a piece of waste paper."

Gold! These words immediately stunned the people present, including Prince Sultan on the side, the muscles on his face were twitching. Gold, do you really have to pay for it with gold?

The underground of Saudi Arabia is full of black gold, and the total number of these gold is limited. If it is purchased with gold, it will obviously significantly increase the value of these black gold and will also increase the status of oil-producing countries such as Saudi Arabia and other oil-producing countries in the international economy!
Chapter completed!
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