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Hassar blinked and asked: "This time, you should not limit the upper limit anymore!"
If Yang Chen imposes any restrictions and the amount is too small, then the 20.00% annual interest rate, in his opinion, is dispensable.
After all, the wealth of the Saudi royal family is not comparable to that of a little prince. Without enough interests, it is impossible to impress any of his uncles.
"No." Yang Chen said lightly.
He didn't say this for no reason.
Because he doesn't trust the Saudi royal family at all, he will deposit tens of billions to hundreds of billions of dollars in time deposits in his bank at one time. Even if those people are optimistic about him, it is impossible to deposit so much.
The sky is the limit, at most 200 billion US dollars.
Of course, no matter how much he saves, as long as he can bring profits to the Saudi royal family, it will be of great help to his next entry into the Saudi market.
The development of Saudi Arabia in later generations is obvious to all. Relying on the interests of oil, the entire country has been developed abruptly.
In a wealthy country with a population of more than 3000 million, the business opportunities here should not be underestimated. Let alone other things, here, just selling mineral water can make a lot of money.
What's more, he also has a supermarket under his umbrella. As long as he can enter, let alone unify the retail industry in Saudi Arabia, he can at least occupy part of the market.
The pillar of Saudi Arabia's economy is oil. Even if the retail industry is monopolized, it will have little impact. In this era, as long as you have money, you can't buy anything.
Of course, no matter how the retail industry develops here, it cannot be compared with black gold oil, let alone extracted and replaced.
The petrodollar is not just talking about it. The entire US empire is behind it. Saudi oil is the dollar, and the green banknotes are used all over the world.
Regarding Saudi Arabia's oil resources, Yang Chen never thought about how dangerous it would be to snatch food from lions and tigers.
No need to think about it, Yang Chen already knew what would happen.
Since the [-]s, Saudi Arabia's oil resources have been monopolized by the US oil company, Saudi Aramco, formerly known as Standard Oil of California.
In [-], American Exxon Corporation and Maehan Corporation joined the company, and together with the previous four American oil companies Chevron (Standard Oil of California) and Texaco to control Saudi oil resources.
For decades, the United States has used oil to flow dollars to the world through Saudi Arabia and other Middle Eastern countries.
It was not until the 60s that the petrodollar plan was successful that the Saudi government began to compete with the four major American oil companies. The competition continued until the 70s when the oil crisis broke out and the Saudi government gained a favorable position.
It was not until the 80s that the Saudi government really gained control of Saudi Aramco. However, even though Saudi Arabia obtained all the shares of the oil company, the crude oil sales channels were still in the hands of the four major oil companies in the United States.
After more than ten years of fighting openly and secretly, the two sides have now formed a win-win situation. If he is a raw egg, if he bumps into it without thinking, he will definitely be beaten.
He has small arms and legs, but he can't do Uncle Sam and camel traders. No matter how good the oil is, he dare not think about it.
Even if he thinks about it, it’s useless. The Saudi government will never give him a chance. 80.00% of the Saudi government’s fiscal revenue depends on underground oil. The Saudi government has raised a wolf before, and now it’s hard to drive the wolf out. So what? Might bring in another one.
It's useless to think about it, just earn some tea money honestly.
Chapter 647 Petrodollars
It's no wonder Yang Chen has such negative thoughts.
Don't say he is timid.
To be honest, he is not a shy person.
If you are timid, it is even more impossible.
As a reborn person, no matter how unbearable and timid he is.
It is also impossible to be afraid of this and that, or of the east and the west.
In fact, he was only afraid of one thing.
That is 'death'.
With the collapse of the Bretton Woods system, the US petrodollar has officially entered the world stage.
Anyone, any country, as long as they dare to play the idea of oil, then the end will definitely not be good.
In later generations, the Iraq War, the Afghanistan War, and any country that shakes the US petrodollar plan have all been ruthlessly sanctioned and attacked by the US.
Think about why Saddam and Gaddafi died?
It's not just because they tried to stop the petrodollar plan that in the end not only they themselves, but also the country where they were located were fragmented.
It is not difficult to see from this point that if anyone touches the cheese on the lips of the United States, the end will definitely be bleak.
Formidable military masters like Saddam and Gaddafi were finally hit by Lao Mei with a heavy blow. He is a little reborn, unless he is impatient, he will touch the tiger's butt.
Speaking of the Bretton Woods system, its collapse is indeed a pity.
Later generations of the United States flooded the U.S. dollar and plundered world resources through sheets of green paper. A large reason for this was the collapse of the Bretton Woods system.
If the Bretton Woods system had not collapsed, even if the polar bear had fallen, the United States would not be able to act unscrupulously, wearing the cloak of the world's police, and bullying people everywhere.
In the early days of the world, after two world wars, the European and American international currency systems split into several competing currency groups. Due to the war, the currencies of European countries competed to depreciate, resulting in domestic economic turmoil in various countries.
In the latter part of World War II, the governments of the United States and Britain conceived and designed a post-war international monetary system out of consideration of their own interests, and proposed the "White Plan" and "Kane Plan" respectively.
Its purpose is to establish international financial institutions, stabilize currency exchange rates of various countries, expand international trade, and promote world economic development.
Because the United States accumulated a lot of money during the Second World War, it completely surpassed the United Kingdom in the economic and military fields, and its international status and international gold reserves greatly surpassed the former suzerain United Kingdom.
Therefore, after the United States bought the war, relying on its own three-quarters of the world's gold reserves and strong military strength, it defeated the United Kingdom and established the Bretton Woods system with the United States as the main body.
The US dollar is linked to gold, and the currencies of various countries are linked to the US dollar. According to the official price of 35 US dollars an ounce, they can be exchanged for gold in the United States.
At the beginning of its establishment, the Bretton Woods system not only brought great benefits to the United States, but also brought great convenience to other European countries, and played a role in stabilizing the currencies of various countries.
Of course, for every advantage, there will be disadvantages.
With the end of the war, the economies of European countries began to slowly recover. The American industry, which once monopolized global trade, began to shrink a little bit, and the trade deficits of various countries began to change.
Especially after World War II, the United States was deeply involved in the quagmire of the Korean War and the Vietnam War. The war caused the fiscal deficit of the United States to expand at that time. In order to solve the financial problem, the United States relied on its gold reserves and began to over-print the dollar, which in turn caused a crisis in the credibility of the dollar.
The U.S. dollar crisis brought about by the war prompted a large amount of capital concentrated in the United States to flee. Just like the outflow of European capital during World War I and World War II, history repeated itself in the United States not long after.
The final result of these two wars in the United States.
It directly catalyzed the rise of Japan and South Korea. Relying on their war profits, Japan and South Korea, two loyal allies of the United States, have developed rapidly in their domestic economies. The island country has taken this opportunity to become the only developed country in Asia.
Countries around the world sold their dollars and snapped up gold. In less than 30 years, the dollar-gold system collapsed.
In [-], with the outbreak of the seventh dollar crisis, the Nixon administration announced the implementation of the "New Economic Policy" and stopped fulfilling the obligation of foreign governments or central banks to exchange U.S. dollars for gold.
The U.S. dollar depreciated and the Federal Reserve refused to sell gold to foreign central banks. So far, the U.S. dollar-gold-linked system existed in name only.