The Technology Tree of Xueba
Chapter 229: The collapse of the petroleum dollar system
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On February 20, the global economic crisis was erupting, and only Huaxia sat firmly on the Diaoyutai.
Under the leadership of geothermal energy, electric vehicles, artificial intelligence and other industries, not only did Huaxia's economy not be impacted, it continued to grow.
The Huaxia government has seen the rest of the world plunged into an economic crisis, and especially the United States has fallen into the mire of the economic crisis. Now is the weakest time.
Huaxia seized this opportunity and he gave a fatal blow to the United States.
The Huaxia government has publicly announced that Huaxia will now implement the new monetary policy.
Huaxia's GDP output value and national property have given up on the US dollar. In the future, materials traded with other countries have also given up on the US dollar and use the Chinese yuan.
Hua Xia trades with other countries using local currency swaps. The Hua Yuan and the official currency of the host country become the only transaction currencies recognized by both parties.
Huaxia's technical cooperation with countries that have exchanged for currency can help them establish geothermal energy bases.
Huaxia is a blow to the United States, and its target is the United States ’core oil dollar system.
Russia was the first to respond to the agreement with Hua Xiada for a currency swap. Originally, the two parties used local currency to trade with each other. This time, only an official announcement was made.
For Russia, cheap electricity is everything. Electricity is more important than oil. It is the cornerstone of modern industry.
Cheap electricity has a strong effect, and people can use electricity to heat, cook, and maintain normal production and life.
Electricity is also closely related to food. Not only can electricity convert raw materials into fertilizers and medicines, and increase crop yields.
Through modern means, energy production can also be used to speed up food production. Long-term light chicken farms are an example.
All the resources Russia needs can be obtained from Huaxia. In addition to Russia's rich oil reserves, other mineral deposits are also very rich, and raw materials can be sold well.
The US ally Britain quickly reversed and entered into a currency swap agreement with Hua Xia Da.
The economic crisis in Europe and the United States continues to erupt, and they urgently need to find new points of economic growth.
Huaxia's huge market and advanced technology can become a new economic growth point for their country, helping them to escape the economic crisis.
With the British jump, France, Italy and other countries have successively exchanged currency exchange agreements with Hua Xia Da.
Only Germany, which was stationed by the United States, was envious of other countries, but did not dare to speak at all.
The island nation Dongyan is also very envious. They are a resource-poor country. If there is a geothermal energy base, there is no need to build a huge nuclear power plant in the seismic zone.
In particular, geothermal energy bases have the effect of dredging mantle pressure and reducing earthquakes.
The island nation's Dongxuan was very emotional, but they could not help but think of the finance minister who had worked hard for the free trade zone in the past few years and suddenly suffered depression and committed suicide.
The politicians of the island nation, Dong Ping, have already lost their backbone. They can't stand the backbone against the American order, and they can only pretend to be silent.
The United States has seen its allies keep jumping back, and they are ready to introduce advanced technologies from China to survive the economic crisis.
Oil has no effect on Huaxia, and they only import other resources to pay in both countries' currencies.
The second largest economy in the world, removing the financial bubble and counting the industrial output value, Huaxia is truly the world's largest economy.
The world's largest economy has rid itself of trading in US dollars, which has a huge impact on the petroleum dollar system, which has almost collapsed the petroleum dollar system.
American financial capitalists hate chewing their teeth, and the Federal Reserve is their private institution.
The printed green tickets can be priced for any commodity, and they obtain huge benefits by pricing commodities and using financial means such as futures.
An item was originally worth $ 10. As long as they thought the item was worth $ 100, it was worth $ 100, of which $ 90 was the profit of the capitalists.
An item was originally worth $ 100. As long as they thought the item was worth $ 10, it would be worth $ 10. As long as they bought the item, $ 90 was the profit of the capitalists.
It is through this method that American financial capitalists operate repeatedly and seek the interests of other countries.
Another benefit brought by petro-dollars is to print the worthless green paper in exchange for the real resources of other countries.
In the event of an economic crisis in the United States, it is only necessary to print a large amount of US dollars to pass the consequences of the economic crisis to all countries in the world.
Other innocent people, together, suffer the consequences of American capitalists.
China's reform and opening up is actually working for the United States. The United States obtains most of the profits generated by China's industries through multinational companies and manipulation of commodity prices.
This is also the driving force behind Huaxia's desperate development of technology and continuous industrial upgrading.
Other countries can follow Huaxia so quickly, and they are also deeply affected by the petroleum dollar system.
They waited for a powerful country to resist the petrol dollar, and they swarmed.
Every other country that wants to challenge the petrol dollar will be killed by the United States with all its might.
Silly Damu gave up petrol dollars and sold oil in euros, which was sent directly to the countryside by American soldiers for democracy.
Kadazuo wants to set up an African bank, let Africa give up the US dollar and the franc, and directly kill the United States and France.
The US debt is 120% of his GDP, which shows that the US economic growth is not even paying interest.
The United States has the ability to borrow so much debt because the US dollar is a global currency. The United States can print worthless green paper and transfer debt to other countries.
Once the petrol dollar collapsed, UU read www. Uukanshu.com's huge debt can overwhelm the United States.
American capitalists will not give up their interests. They also have more than 10 aircraft carrier battle groups. They have the largest naval and air forces in the world.
Huaxia seems to have already guessed the reaction of the United States. They held the first exercise of the intelligent army in the South China Sea.
Intelligent robots operate fighters, bombers, warships and submarines.
They cooperate tacitly, without fear of life and death, when they find opportunities, they use the same approach, all for the victory of the war.
When American capitalists saw this scene, they immediately understood it.
The flesh and blood is unable to defeat the robot, and the intelligent robot can die without fear of death and death, and end up with the enemy.
The loss of a single US soldier can cause uproar.
The staff carefully analyzed the capabilities of the robots and concluded that conventional warfare could not be won.
Nuclear war is not feasible, and no one is mentally disabled to destroy all humanity for a little benefit.
The US government can only find another way. They use subversion, rumors, and intimidation against their allies, and their allies use procrastination.
However, the United States has been unable to resolve Huaxia, and the petro-dollar system is inevitable to collapse.
All countries in the world trade in the domestic currency of buyers and sellers, and never trade their own resources for US dollars.
In this way, the United States cannot control the prices of world commodities.
The exchange of resources between countries is smoother, and they can float price these commodities according to their needs.
The Federal Reserve issued a huge amount of dollars that could not be circulated in the world, causing huge inflation in the United States.
The capitalists will not damage their own interests. When the petroleum dollar system runs perfectly, the benefits will be distributed by the capitalists.
When the petro-dollar collapsed, the bad consequences they produced were thrown to the people at the bottom by various means.
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