"President Kusai, the United States manipulated the United Kingdom and frozen the assets of Saudi Arabia and Kuwait overseas." Kusai suddenly received a report from a secretary who followed him.

Kusai raised his head, his expression instantly became a little serious. He immediately thought of the sinister intentions of the United States to do so, and divided the Arab military alliance!

Now, Iraq is the first in military deterrence against Israel, and Saudi Arabia and Kuwait have also played a great role. However, Saudi Arabia and Kuwait are pro-American, so during this period, Saudi Arabia and Kuwait have been under great pressure from the United States. However, the two countries have been persisting, and in this attack on Israel, the two countries have also invested a lot of money.

Americans are very accurate in looking at problems and use the most vicious trick to freeze the investments of the two countries overseas!

Although both countries are major oil exporters and are very wealthy, their overseas assets are also quite large, especially Kuwait. Overseas funds are used to continue to benefit the Kuwaits after the oil is exhausted. This trick by the United States is quite ruthless.

In the previous Middle East Wars, the two countries also supported Arab countries and attacked Israel, and even sent troops to the battlefield. However, the United States did not use the damage of freezing assets, such as the loss of the severance of their descendants, because at that time, Arab countries did not gain an absolute advantage.

But now, it is completely different. Kusai knows that all this has a lot to do with him. The Arab world, because of him, has undergone great changes and has become a major country that may truly threaten the status and interests of the United States. The United States absolutely does not want Arab countries to unite around Iraq and form a close alliance. The United States wants to divide Arab countries and use this method to force Saudi Arabia and Kuwait to regress.

The Americans still support Israel at critical moments! This shows that both sides are all ally. The United States can export its main equipment to Israel or Saudi Arabia and Kuwait, which seems to be the same, but when it comes to real choices, the United States still chooses Israel.

What to do? It is absolutely impossible to cause Saudi Arabia and Kuwait to suffer losses like this. Letting the two countries withdraw from this war in exchange for the lifting of the United States? That is even more impossible.

"Prince Fahd and Prince Sultan come here." Kusai said that how to deal with this matter should be discussed with the most important figures of the two countries in Amman.

The two came soon, and Kusai said: "This time the United States used despicable means to destroy our alliance. I just received the news and felt very shocked."

"Yes, the United States has frozen our assets overseas this time. In our country, there are already a small number of nobles and royal members. They have begun to shake, believing that we should maintain friendly relations with the United States, and this time we have taught Israel a lesson. It is time to withdraw our troops." Prince Sultan said.

There are always cowards and fencemen, which Kusai has guessed.

"So, what does His Majesty the King mean?"

"The king is very determined. This incident is a brutal interference of the United States in the Middle East affairs by political and economic means. Even if the assets are completely frozen and will not be thawed from now on, we must insist on the current struggle against Israel!" Prince Sultan said.

"We in Kuwait have the same meaning."

Kusai was moved. In order to support this attack on Israel, Saudi Arabia and Kuwait were considered to have let go, but things have not yet come to that point.

"We don't have to go that way," Kusai said. "Now, since Americans are trying to use assets freeze to ban our struggle against Israel, we can also compete with the United States in the economic field!"

In the economic field, competing with the United States? Prince Fahd asked: "Are you referring to us raising prices and reducing oil production again?"

"This is just one aspect. Since the United States has frozen our assets, we can settle without US dollars when exporting our oil. We can settle with Western countries friendly to us, such as francs. For example, use rubles to settle, or use gold directly to settle," said Kusai.

Since the Americans dare to take ruthless actions, the Arab countries must also launch a favorable action.

This operation is not about how to strike Israel, but how to fight back against the United States and counterattack the United States. Arab countries have one of the biggest means that they have not been used, that is, to fight the petrodollar system!

In 1973, Kissinger, then the assistant to President Nixon's national security affairs, signed a petrodollar agreement with the Saudi-led OEC organization, stipulating that international oil transactions will be settled in the US dollar and established a US dollar oil system. Oil, as an international trade commodity and the blood of modern industrialized economies, uses US dollars to settle, which means that any country in the world must first reserve US dollars before using US dollars to buy oil. In this way, the US dollar, as a medium of trading, gains huge benefits. The world currency, the US dollar, occupies a monopoly position in the medium of trading, and uses US dollars to settle, consolidating the hegemony of the US dollar.

First of all, the United States can collect international seigniorage. International seigniorage is the income obtained by a country's currency when it is used by other countries. At this point, oil trade is exactly the same as other international trades denominated currencies, which makes the United States obtain international seigniorage income. However, the U.S. Department of Treasury can purchase oil by printing money, which is a privilege that no other country does not have. The United States can export the virtual symbol of the US dollar to exchange for the injection of oil, a real resource.

The US dollar accounts for two-thirds of the global official foreign exchange reserves and mainly relies on the petrodollar denomination mechanism. For all oil importers, if they lack oil, they must buy oil. When you think of buying oil in the international market, you must hold the US dollar. Because OPEC countries only charge US dollars when selling oil.

Secondly, the United States can better influence and control oil prices. The petrodollar denomination mechanism means that the United States can effectively partially control the world crude oil market, because when buying oil, US dollars must be required, and only the United States can issue US dollars in this world. Since oil transactions are denominated in US dollars, the United States can influence or even manipulate international oil prices through domestic monetary policies. The domestic interest rate adjustment and exchange rate policy in the United States will directly affect international oil prices. There are three factors that determine oil prices: demand, supply and US dollar exchange rate. Arab countries rely on their own oil resources to raise prices through production cuts. This is determined by the relationship between demand and supply. However, the US dollar exchange rate is rarely recognized, but the United States is subtly influenced.

For example, in later generations, Iraq changed its oil sales to euros in November 2000. When Iraq implemented mechanism conversion, the euro was exchanged for 1 euro to 83 cents, and after the conversion, 1 euro could be exchanged for 1.05 US dollars. Therefore, many people believe that the United States launched the Iraq War to a large extent because Iraq changed the settlement currency for oil exports from the US dollar to the euro.

Originally, Kusai planned to issue the Arab countries' own currency as the only world currency for oil settlement in the future, when the Arab countries finally gain enough strength, military, economic, political and time is ripe. This is of great interest and influence.

Now that Americans are actually going to play tricks, Kusai has to use this trick in advance.

The use of francs is because when freezing Kuwait and Saudi Arabia's overseas assets, the United States and Britain are the most effective, while France has not taken any measures and has not been involved in this muddy water. France has been thinking about how to push its high-priced arms to the Middle East countries. If they choose francs as settlement currency, France will make unexpected profits this time, satisfying the mentality of the Gallic European powers and even the world's powers. Isn't the United States trying to provoke conflicts within Arab countries and divide its own union? Then it would be better to provoke conflicts within old capitalist countries.

As for rubles, it was not considered, because in later generations, the Soviet Union was going to disintegrate. At that time, rubles would be depreciated and people would have the urge to commit suicide. Later governments adopted "shock therapy" and reforms threw most Russians to the poverty line, or even extreme poverty. For example, in 1992, Russia's annual inflation rate was as high as 2,000%. In 1991, 1 US dollar was equivalent to 0.9 rubles, which means that the million-dollar (old rubles) rich man was a million-dollar rich man. However, at the end of 1994, the official exchange rate of rubles was 1 US dollar to 3,235 rubles, which means that the million-dollar old rubles had been depreciated to only 300 US dollars. In 2000, the new rubles were issued and the old rubles were replaced was 1:1,000.

In other words, 1 dollar is equal to 28,000 old rubles. At this time, the million-dollar old rubles have become paupers with only 35 dollars.

If the Middle East uses rubles for settlement, then it will store huge amounts of rubles. At that time, all countries may have the urge to strangle themselves to death. This kind of banknote is used as fuel and has no value. However, the use of rubles now has more practical significance. For example, the economic situation of the Soviet Union will be relieved immediately. Maybe the Soviet Union can even postpone or not disintegrate. Kusai is not a savior. The more realistic significance of using rubles for settlement is that the United States wants to interfere by force, so we have to ask whether the Soviet Union agrees or not.

As for gold..., it is absolutely necessary to say that. If hard currency such as gold is really used to settle, then the black gold underground in the Middle East will become real yellow gold! At that time, I am afraid that the gold in the treasury of the oil importing countries will be emptied.
Chapter completed!