Chapter 842 (2/2)
Since bottoming out at the beginning of the year, the price of a barrel of crude oil has continued to rise.
As we all know, the U.S. economy has long relied on oil and the US dollar. According to the estimation of the International Monetary Fund, for every $5 increase in oil prices, the global economic growth rate will be reduced by about 3 percentage points, while that of the United States may be reduced by about 4 percentage points.
It can be said that there is a negative correlation between the dollar and oil.
It is for this reason that the United States has been deliberately promoting the depreciation of oil. As early as 2014, the shale gas revolution doubled oil production in Texas in three years. Many people subjectively believe that all oil comes from the Middle East, but they ignore the fact that the production of the UAE is not as good as that of Texas.
However, even so, the reduction of oil production in the Middle East due to the war is still a heavy blow to international oil prices.
On September 23, star ring trading and arrow company exchanged fire in the northern mountain area of anzirabe city in Madagascar. The US dollar has been falling for three consecutive days due to the fluctuation of international crude oil market. At the same time, a report from the future people bank was put on Jiang Chen's desk.”Due to the rising expectation of the Fed's interest rate hike, the US dollar rose slightly, stopping the downward trend of the US dollar. However, there is no sign of stabilization in the international crude oil market. At this time, the interest rate increase has laid a hidden danger of economic crisis for the future
”And this economic crisis is destined to be paid by other countries.”
Standing at Jiang Chen's desk, David Smith, CEO of future people's Bank, explained the report to Jiang Chen.
”Is the dollar depreciating?” Jiang Chen held the report and fell into meditation.
Faster than I thought.
If the US dollar depreciates, the interests of the future group and even the economy of the new country will bear the brunt. The appreciation of crude oil will also have an immeasurable impact on the industries in Singapore, Malaysia and ANGA.
Minerals and grain can be produced by future groups, but oil alone has not been able to solve this problem. The sea area of new China is vast and rich in mineral resources, but there is no oil. But oil is a very important thing in industrial production.
From fuel, plastics, synthetic rubber, even clothing, pharmaceuticals, and even food, oil covers a wide range of fields. It is for this reason that oil is used as an important indicator to assess global economic expectations.
”Any good ideas?” Jiang put the report aside and asked David Smith.
”Of course.” Mr. Smith ordered. From his expression, it was obvious that he was prepared.
”I note that the US dollar is still used for settlement in Singapore, and its resistance to foreign exchange market fluctuations is quite weak. If the U.S. dollar depreciates substantially, the first to go bankrupt is the finance of the new country. If the US dollar depreciated ten points, the GDP of the new country last year will become a bubble.
Hearing this, Jiang Chen's cold sweat almost came out.
Nima, it's too dark!
He had planned to wait until the space elevator was built, but now it seems that he has to go ahead!
It coincides with Jiang Chen's idea. After a pause for a moment, Smith said his own suggestion.
”With the current population of the new country, it is fully capable of supporting a monetary system. Considering the influence of futuren group in Singapore, I propose that futuren bank, together with a number of private banks in Singapore, establish an institution similar to the Federal Reserve to issue new country's own currency! ” (to be continued. ）Mobile phone users please browse and read, better reading experience.
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