Chapter 826 Foreign Exchange Reserves
The navy has to be found by the navy. Even if it temporarily stops its support battle in Iran, the navy will completely block the export of the Indian Ocean to let the Pakistani people know that the United States is the hegemon in the ocean!
Now, Pakistan's economy also relies entirely on world trade. As long as Pakistan's maritime channels are blocked and Western countries impose unified and coordinated sanctions, it can completely collapse Pakistan's economy.
But Bush did not expect that now, the domestic economy in the United States has begun to decline. The United States' sanctions on China have caused the United States to lose the source of cheap light industrial products. Many light industries are obtained through Pakistan. Once economic sanctions are imposed on Pakistan, it can be said that the United States has completely lost cheap daily necessities.
This is the dignity of the United States! It is a threat to the Pacific War in American history! The United States must win! At this time, Bush, the Sr., was still firm in his will. He believed that the Americans would support his decision and fight to the death with Pakistan.
Secretary of State Baker flew to Europe to lobby countries to jointly participate in the sanctions against Pakistan. On the other side of the ocean, another country also began to take action.
It is already autumn, and the capital of China has begun to scrape sandstorms. This is the result of excessive logging of trees in the past few years. Now, China is about to begin to pay attention to these natural factors.
French Ambassador Strong drove into Zhongnanhai in his own special car, which is the heart of China, and all policies were formulated from here.
"I'm very happy to see you." The Chinese Prime Minister personally met with the French ambassador and said to him.
"I'm very happy, too." Strong said: "We France and China have always maintained close and friendly relations. Even during the Cold War, we France were also friends of China."
Diplomats never blush when they lie. Just a few years ago, France had always wanted to sell its Phantom 2ooo fighter jet to Wanwan, which attracted strong dissatisfaction from the Chinese government. The Chinese government summoned Strong's office several times and expressed strong protests against France.
And now, Strong said insincere words, while guessing that the Chinese government urgently summoned him this time. Why?
"We are very happy to see that France plays its dominance, freedom and democracy in international affairs, and only France can come out in ancient Europe," said the Chinese Prime Minister.
France is simply a European messenger. In order to show the arrogance of Gaul chicken, the French did not join NATO. In international affairs, they often sing opposites with the United States, which made Americans very upset, but Americans had no choice.
Hearing the Chinese Prime Minister say this, Strong immediately understood that it was because of the recent US Secretary of State visiting Europe to discuss sanctions on Pakistan? What does this matter have to do with China?
Of course, we can't think so. China and Pakistan have had a close relationship over the years. Needless to say, the military equipment of both sides was almost jointly developed. There is no need to mention that China and Pakistan worked together in the war to split India. Take the recent example. China recovered Wanwan Island, and Pakistan is said to have sent stealth aircraft to participate in the war. The United States imposed sanctions on China, and many of China's goods were transported through Pakistan.
Now, it is normal for the United States to sanction Pakistan. China is doing its best. After all, the friendship between these two countries can be said to be quite strong.
"We in China intend to make diversified investments in order to protect our own property from losses." The Chinese Prime Minister said: "We want to take out a portion of our foreign exchange reserves and convert them into francs. I don't know what your country's attitude is."
Huaxia is the world's number one foreign exchange reserve country. The main foreign exchange reserves of China are the US dollar. The currencies of other countries are small. After all, the US dollar is the world's common currency. Moreover, because of the dominant position of the United States, if anyone uses the US dollar in the middle of international transactions, it is simply against the Americans.
Although when the United States imposed sanctions on China, China announced that it would support the euro plan of old Europe and would transform part of its foreign exchange reserves into the euro, the creation of the euro was still far away. With the Europeans' nonsense, it was still early.
Therefore, China is just a proposal, and the United States claims that if China dares to do this, it means war. At this time, the US economy is already shaking. If China does this all of a sudden, the US economy will definitely collapse.
But now, China is finally going to take action!
The euro has not been established yet. The mainstream currencies in Europe are France, Germany, and the United Kingdom. China cannot hold the euro now, but it can throw out the US dollar and hold the currencies of these countries!
And this plan will definitely be welcomed by the other party!
Sure enough, after the Chinese Prime Minister said this, Strong's eyes went straight, which was of course a good idea!
"We France are very supportive of your country's decision, which is very important for maintaining economic stability in the world," said Strong. "You are a wise choice."
"A few days ago, the United States suffered a crushing defeat at sea, and both aircraft carrier battle groups were eliminated at sea. After the end of the Cold War, the United States considered itself the world hegemony and was engaged in an unjust war around the world. Without the authorization of the United Nations, it attacked Iran and supported extreme forces in Afghanistan. Now, the domestic economy of the United States is almost on the verge of collapse. We can foresee that with the deterioration of the US economy, the US dollar, as the world currency, will also face a significant depreciation, so we must be prepared in advance." said the Chinese Prime Minister.
The US dollar will depreciate significantly! Then, the value of the world's currency will no longer exist! Strong's breathing was a little rapid. He knew what the Chinese Prime Minister's meaning meant.
Before World War II, the United States was just a big country, but with only two hundred years of founding history, it was simply not as good as the old capitalist country! The United States just had a geographical advantage in World War II! The entire Europe was ruined, and the Empire that did not set was almost finished. The United States can be said to be the only profitable country in World War II. A large amount of resources, wealth, and scientists all went to the United States. The United States did not experience any war and its industrial foundation was still there. These factors made the United States become a major power after World War II and also dominated European affairs. Under the aggressive threat of the Soviet Union, the old Europeans had to join forces and deal with the torrent of the Soviets at any time under the command of the United States. (To be continued.)
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Chapter completed!