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Chapter 229 The collapse of the petrodollar system

On February 20, a global economic crisis was breaking out, but China was firmly on Diaoyutai.

Led by industries such as geothermal energy, electric vehicles, and artificial intelligence, the Chinese economy has not only not been impacted, but has continued to grow.

The Chinese government saw that other countries in the world were in an economic crisis, especially the United States was in the quagmire of economic crisis. Now is the weakest time.

Huaxia seized this opportunity and he fired a fatal blow to the United States.

The Chinese government publicly announced that China will implement a new monetary policy from now on.

China's GDP output value and national property were abandoned in US dollars, and later, the materials traded with various countries also abandoned in US dollars and adopted the China dollar pricing method.

China trades with various countries and uses local currency swaps to trade. The Chinese Yuan and the official currency of the country they are located have become the only trading currency recognized by both parties.

Huaxia conducts technical cooperation with countries that have reached currency swaps and can help them establish geothermal energy bases.

China launched a decisive blow to the United States, and the bull's eye is the core interest of the United States' petrodollar system.

Russia was the first to respond and reached a coin swap agreement with China. The two sides originally used local currencies to trade with each other, but this time it only made an official announcement.

For Russia, cheap electricity is everything. Electricity is more important than oil. It is the cornerstone of modern industry.

The cheap electricity has a strong effect, so people can use electricity to keep heating, cook, and maintain normal production and life.

Electricity is also closely related to food. It is not just electricity that can convert raw materials into fertilizers and medicines to increase crop yields.

Through modern means, food production and output can also be accelerated through energy, and long-term light chicken farms are an example.

All the resources Russia needs can be obtained from China. In addition to its abundant oil reserves, Russia also has a rich mineral reserves, and it can live well when selling raw materials.

The United States ally, Britain, quickly rebeled and reached a coin swap agreement with China.

Economic crises in Europe and the United States continue to break out, and they urgently need to find new economic growth points.

China's huge market and advanced technology can all become new economic growth points for their country and help them get out of the economic crisis.

With the reversal of the United Kingdom, France, Italy and other countries have successively reached coin swap agreements with China.

Only Germany, which was stationed by the United States, was envious of other countries, but did not dare to speak at all.

The island country, Japan, is also very envious. They are a resource-poor country. If they have geothermal energy bases, they do not have to build huge nuclear power plants in earthquake zones.

In particular, geothermal energy bases have the effect of unblocking mantle layer pressure and reducing earthquakes.

The island country Japan was very moved, but they had no choice. They thought that the Finance Minister who worked hard for the free trade zone a few years ago suddenly committed suicide due to depression.

These politicians from the island country, Japan, have long lost their backbone. They cannot stand up and oppose the US orders, so they can only pretend to be ostrich silently.

Seeing that the allies are constantly reversing, the United States is preparing to introduce advanced Chinese technology to overcome the economic crisis.

Oil has no longer worked for China, and they only paid for other resources when importing them in the currencies of both countries.

The world's second largest economy, excluding the financial bubble and including industrial output value, China is truly the world's largest economy.

The world's largest economy has got rid of trading in the US dollar, which has a huge impact on the petrodollar system, which has almost collapsed the petrodollar system.

American financial capitalists hate them all, and the Federal Reserve is their private institution.

Printed green notes can price the price of any commodity. They gain huge benefits through pricing commodities and other financial means such as futures.

An item is originally worth $10, but as long as they think the item is worth $100, it is worth $100, of which $90 is the profit of capitalists.

An item is originally worth $100, but as long as they think the item is worth $10, it is worth $10. As long as the item is purchased, $90 of which is the profit of capitalists.

This is how American financial capitalists operate repeatedly and plunder the interests of other countries.

Another benefit brought by the petrodollar is to exchange for real resources from other countries by printing worthless green paper on its own.

When an economic crisis occurs in the United States, it only takes a lot of dollars to print them to pass on the consequences of the economic crisis to all countries in the world.

Other innocent people, together, suffer the consequences caused by American capitalists.

China's reform and opening up is actually to work for the United States. The United States obtains most of the profits generated by China's industry through multinational corporations and manipulation of commodity prices.

This is also the driving force behind China's desperate efforts to develop technology and continuously upgrade its industries.

Other countries can follow up on China so quickly, and they are also deeply affected by the petrodollar system.

They wait for a powerful country to resist the petrodollars, and they rush forward.

Other countries that want to challenge the petrodollar will be killed by the United States with all their might.

Sha Damu gave up the oil dollar and sold oil in the euro, and was directly sent to the countryside by American soldiers to send democracy.

Colonel Ka wanted to set up an African bank, let Africa give up the US dollar and francs, and directly kill the United States and France.

The U.S. debt is 120% of its GDP, which means that the U.S. economic growth cannot even pay off interest.

The United States has the ability to borrow so many debts because it is the global currency. The United States can print worthless green paper and transfer debts to other countries.

Once the oil dollar collapses, huge debts can overwhelm the United States.

American capitalists will not give up their interests. They also have more than 10 aircraft carrier battle groups, and they have the largest naval and air force in the world.

China seems to have guessed the United States' reaction long ago, and they held their first intelligent army exercise in the South China Sea.

Intelligent robots operate fighter jets, bombers, warships and submarines.

They cooperate with each other, without fear of life and death, and use the same fighting style when they find opportunities, and everything is for the victory of the war.

When American capitalists saw this scene, they immediately felt it.

The flesh and blood body cannot defeat the robot, and the intelligent robot can die with the enemy without fear of casualties.

The loss of an American soldier will cause an uproar.

The staff carefully analyzed the robot's abilities and believed that conventional wars could not be won.

Nuclear war is not feasible, and no one is too stupid to destroy all mankind because of some benefits.

The US government can only find another way. They use subversion, rumors, intimidation and other methods to deal with their allies, and their allies use the drag-on method.

But the United States has never been able to solve China, and the oil-dollar system inevitably collapses.

Trade in countries around the world is carried out in the local currency of buyers and sellers, and they no longer use their own resources to exchange for US dollars before trading.

In this way, the United States cannot control the prices of world commodities.

The exchange of resources in each country is smoother, and they can price these products in a floating manner 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.

Capitalists will not harm their own interests. When the petrodollar system operates perfectly, the benefits obtained will be distributed by capitalists.

When the oil dollar collapses, they all use various means to throw the bad consequences of the lower class.
Chapter completed!
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