Chapter 685 (2/2)

Almost all members of the royal family know what the problem is, but it is difficult for them to change. The comfort circle has stayed for a long time and lost a lot of fighting spirit.

The Saudi Minister of economy suddenly said: ”the treatment of royal family members is an internal problem, which can be easily solved. But how should the United States negotiate? If the investment is so large every year, there is no way to buy U.S. Treasury bonds. ”

As early as 1974, the new US Treasury Secretary started a two-week trip to the Middle East from Andrews Air Force base. Officially, the US Treasury Secretary's two-week trip is advertised as economic diplomacy to Europe and the Middle East. However, its real mission is strictly confidential to the outside world. In fact, the focus of this trip is a four-day stay in Jeddah, a coastal city in Saudi Arabia.

After the end of the gold standard in the 1970s, the oil crisis had a serious impact on the United States. Inflation soared, the dollar depreciated, the stock market collapsed, and the U.S. economy took a sharp turn. The goal of the US Treasury Secretary's visit is to find ways to persuade Saudi Arabia to use its petrodollar wealth to narrow the US trade deficit. According to the US Treasury Secretary, ”this is not a question of whether it can be completed”. Then US President Nixon has clearly instructed that this trip is only allowed to succeed, not to fail. Because failure will not only endanger the financial situation of the United States, but also open the door for the former Soviet Union to further enter the Arab world.

As Nixon instructed, the United States reached an ”unshakable” agreement with Saudi Arabia, the world's largest oil producer. The United States agreed to provide arms and equipment to Saudi Arabia on the condition that the US dollar is the only pricing currency for oil transactions. In return, Saudi Arabia will use tens of billions of dollars of oil revenue to buy US Treasury bonds and support the US Treasury. As Saudi Arabia is the largest oil producer in the organization of Petroleum Exporting Countries (OPEC), other Member States soon used US dollars for oil transactions. Since then, the US dollar has been closely linked to oil, and an invisible equal sign has been drawn between them. Any country that wants to trade oil must have sufficient US dollar reserves. The oil dollar system was thus established.

It is through the ”oil dollar” system that the United States still makes the dollar a dollar and has become the settlement currency of international trade. Moreover, the reason why the US dollar does not depreciate is that Saudi Arabia buys a large number of US Treasury bonds; At present, Saudi Arabia has to invest more than $30 billion a year for its own development. The problem of U.S. Treasury bonds is difficult to deal with, and the relationship that has been established will break down in an instant.

The king of Saudi Arabia knows that he wants to make a statement. It's time not to let only Crown Prince Abdullah and Prince Sultan rush into battle. So he directly stood up and said, ”we are the Saudi royal family, not American followers. Before, I bought a lot of U.S. Treasury bonds because there were no other good projects to invest in, but also to stabilize relations with Americans. ”

”But everyone saw that no matter what we did. In the hearts of Americans, Saudi Arabia has always been inferior to Israel. Saudi Arabia should live for itself. ”

”However, we can't directly intensify the contradiction. It should be about 1 billion a year. Ironmaking also needs its own hard work. By buying high-tech products, it can not become an industrial power, let alone a military power. ”

”We bought so many so-called advanced weapons in the United States and France, but did they really make us strong!”

”Black cloud group has established two factories in Saudi Arabia, which is sincerity. European and American countries will set up factories in Saudi Arabia. At present, they do not. Ground effect aircraft is one of the most advanced weapons in the world. It will be produced in Saudi Arabia and then fly to the world. ”

”Last time, I thought the plane was very good. Saudi Arabia can introduce, preferably the production line is built in Saudi Arabia. These are the industrial support needed by our powerful country. ”

The king's words have determined the nature of the matter, and everyone doesn't know how to refute it. After all, Saudi Arabia is not strong, and the royal family will only be a local tyrant in the world.

At this time, the Saudi foreign minister said: ”what about Iraq, an Arab brother, if the investment is so large every year; Support for them will certainly decline. ”

This is another difficult problem. In the Iran Iraq war, all Arab countries are on the side of Iraq. This is an indisputable fact. After all, they are brotherly countries.

But how can we support Iraq if we invest a huge amount of money every year. Saudi Arabia supports it economically at most, but will not send troops in the past. That would intensify the conflict, and the combat effectiveness of Saudi soldiers would not help.

Prince Sultan, as the head of the military, said: ”we can support some of the existing weapons to Iraq. We had a lot of stocks before. You can buy some weapons when you go to the Soviet Union to buy humus this time, and you won't let the Soviets doubt Saudi Arabia's motives. ”

Hearing this, everyone felt that the scheme was feasible, and the price of Soviet weapons was relatively low; Higher cost performance. Moreover, the Soviets could not understand whether to buy weapons or humus.

More think that Saudi Arabia is buying weapons, and humus is at most a means to hide people's eyes and ears. In that way, the Soviets would not set the price of soil high. When they understand, it is estimated that Saudi Arabia's agriculture has taken shape.