Chapter 1159 Economic Issues
I talked for a long time, and it was the same as if I didn't.
If Iraq only has one, then everything is the same. The United States can completely destroy Iraq's military power with nuclear weapons. However, if Iraq has fifty, then all of this cannot be solved by military.
Without the military, what else can the United States have?
"Our current economic situation is already quite unstable. Our two military defeats have consumed all the treasury fiscal savings." The Minister of Finance said: "President, we have no money now."
No money? Is this more necessary? The deficit is just a deficit, Bush said: "Our government bonds have not started to be issued this year, so we can continue to issue government bonds."
After Bush finished speaking, he saw the helplessness on the face of Henry Paulson, the Secretary of Finance he trusted.
"What?" Bush asked.
"President, now when we issue national bonds, no one is willing to buy them. Even in our country, the people have begun to demand that national bonds be exchanged in advance." Henry said.
"How is this possible?" Bush said: "Our country's economy has been developing rapidly in recent years, and our government bonds are also popular in the international market."
"President, the situation has changed a lot in the past few days. In the international market, our government bonds have been sold out. Now, it may be difficult for us to find out that there is enough funds to receive our government bonds." Henry said.
"Is it an Arab?" Bush asked.
"It's not just the Arabs, we have seen that European countries have also begun to reduce their holdings of our debts," Henry said.
Europeans, what do Europeans want to do? Bush was a little angry, but in his anger, he was already a little scared, which was a feeling he had never felt before.
The United States is not omnipotent. Under the current circumstances, if Europeans do not cooperate, the United States will be unable to fight alone.
Moreover, the current Europeans are not just a matter of discooperation, they are simply destroying the United States.
"What's going on with the Europeans?" Bush said: "Have they forgotten the agreement between us?"
"Europeans actually have a long time ago that European affairs are more resolved by Europeans themselves. Now, the Arabs have put forward the use of euros to settle oil, and they want to completely put us aside." Henry said: "His Excellency President, we must respond early, otherwise our economy will be at risk of collapse."
Economy, like Bush Sr., Bush doesn't like the economy very much, but he also knows that if he doesn't pay attention to this issue, he will sooner or later be abandoned by the American people, and the American people don't want their pockets to be worn out.
There is a risk of collapse? Bush asked: "Is it that serious?"
"Yes, now, the dollar and oil system that support our entire American economy is the US dollar and oil system. If this system collapses, then our economy will collapse." Henry said, "It is impossible for the president to see this, right?"
"We in the United States have the most advanced technology and the most perfect manufacturing industry. Even if we are not in line with oil, our economy may decline, but it is absolutely impossible to collapse, right?" Bush asked.
The United States has been developing for so many years, and Bush will never believe that they can collapse without oil.
"Mr. President, my current national debt is ten trillion US dollars. If we add all the debts we have defaulted on, there will be fifty trillion US dollars. Just these funds are something we can't afford." Henry said.
The total global GDP this year is only 60 trillion US dollars, and the United States has so much debt, so they can't afford it.
"The reason why we dare to owe so much debt is because of the dominant position of the US dollar in the world. For example, when buying oil, we must use the US dollar. Now, this situation has changed. Countries around the world can use the euro and A Yuan to buy oil. Then, our US dollar has no use value for them. Over the years, our US dollar has issued so many US dollars, and other countries have stored a large amount of US dollars. Even if they don't care about the trade deficit, they use all these funds to buy things from the US. Can our US economy still exist?" Henry said with a serious face.
This principle is very simple. Just selling US debts is still the first step. If countries throw out their foreign exchange reserves, that is, the US dollar, who will they throw them to? They can only throw them to the United States, then the huge US dollar will flood the United States. What will this result? It must be the depreciation of the currency!
They just need to come to the United States to buy things with their foreign exchange, and they can make the United States poor. In the United States, what else can there be in addition to a bunch of dollars left as paper for rubbing paper?
If people from other countries do this, the consequences will be very serious. What Henry said just now is not an exaggeration.
"We want to impose sanctions on Iraq at the United Nations and they dare to secretly develop nuclear weapons, which will be unanimously condemned by the international community. If other countries want to fight us on this issue, then social opinion will definitely be detrimental to them. Also, we want to freeze all the funds of Arab countries supporting Iraq. If they dare to fight an economic war, we must take all of these funds to our United States." Bush said.
If the military war continues, there will be no result. As for countries like Iraq, which already have intercontinental ballistic missiles and nuclear weapons, destruction between both sides is definitely not a good choice. There are still many wars to fight in politics and economy. If you cannot gain an advantage in these aspects, the United States will be in danger.
The Arabs' funds were frozen, and they invested a lot in the United States. Now, all of those investments are from the United States. In the future, they will be treated as their war compensation during negotiations.
This is a severe test.
At this moment, we saw Secretary of Defense Rumsfeld hurried in and said, "His Excellency the President, I propose a completely devastating blow to Iraq, otherwise they will only be more rampant and do not take our United States seriously."
Rumsfeld rarely has such anger. Bush actually thought to himself that it might not be a good thing if he could really carry out a completely devastating blow to Iraq!
"What's going on?"
"Just two minutes ago, Iraq launched hundreds of rockets, attacking our military base in Turkey," said Rumsfeld.
Iraq launched rockets? Powell asked: "Does Iraq have such long-range rockets?"
The garrison bases from Iraq to Türkiye are still far away.
"They attacked on the Syrian border."
Iraqi troops ran to the Syrian border and then fired rockets and attacked Turkey's military base. What do they want to do?
"Iraq has issued a statement that we have sent B-2 bombers to bomb the Arab world without any reason. In order to avoid our use of the base there and continue to harm the peace-loving Arabs, they need to strike our military base."
Yes, that's what Kusai said.
Now, under the bloody battle of Iraq, the American power has finally been completely expelled from the Arab world. If the American aircraft carrier battle group wants to come to their doorstep again, they have to ask whether the Iraqi Navy agrees or not.
However, although they took advantage of the situation to drive away the American aircraft carrier battle group in the Mediterranean and used the Tu-22M bomber to escort it for a long time, they had to take off two Tu-22Ms every day at the Libyan air base and show off with anti-ship missiles, the Arab world is still unsafe.
Because the United States also has a military base in Turkey, where Americans can still threaten Iraq at any time. After a few years, the American F-22 fighter jets will definitely be deployed in Turkey as soon as possible, so that they can threaten Iraq at any time.
In later generations, when Americans planned the Gulf War, they always used Turkish air bases.
Only by driving the American army away from there will the Arab world be truly safe.
Moreover, for Türkiye, they are not friendly to the Arabs. When Iraq wanted to drive the aircraft carrier back from the Black Sea shipyard, Türkiye obstructed it in every way.
Therefore, in Kusai's strategy, Turkey has been included in its own sight. However, Iraq has always used a secret trick, and this secret trick is the problem of the Kurds.
The Kurds are considered important separatist forces between the three countries. Iraq, Iran and Turkey are all distributed in large areas, among which the Kurds are the most.
During the Iran-Iran War, Iraq and Iran supported the Kurds in each other's territory and supported them to secession. However, no matter how the Kurds developed, they could not confront the government forces.
However, if you have the help of a great country, it would be different.
So, Iraq helped the Kurds and told them that Iraq supported them to establish Kurdistan in eastern Turkey. Moreover, Iraq also provided them with weapons, and of course, Iraq provided light weapons. Only a few eliminated tanks were provided to them.
Now, the Arab world is very powerful. It is absolutely impossible for the Kurds to split a piece of land from Iraq or Iran to establish Kurdistan. Moreover, many Kurds, because they are treated the same as the Arabs and live a wealthy life, no longer mention the issue of Kurdistan. (To be continued. Please search for astronomy, novels are better, updated and faster!)
Chapter completed!