Dominate South Asia

Chapter 826 Foreign Exchange Reserves

The navy has to regain its face. Even if it temporarily stops supporting the battle in Iran, the navy must completely block the exit of the Indian Ocean to let the Pakistanis 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 sea passage is blocked and Western countries impose unified and coordinated sanctions, Pakistan's economy can be completely collapsed.

Bush Sr. did not expect that the US domestic economy has begun to fall into a great depression. The US sanctions on China have deprived the United States of its source of cheap light industrial products. Many light industries are obtained through Pakistan. Once economic sanctions are imposed on Pakistan again, it can be said that the United States will completely lose its cheap living products.

This is the dignity of the United States! It is a threat greater than the Pacific War in American history! The United States must win! At this time, Bush Sr. was still determined. He believed that Americans would support his decision and fight a decisive battle with Pakistan.

Secretary of State Baker flew to Europe to lobby countries to participate in the action of sanctioning Pakistan, and on the other side of the ocean, another country also began to act.

It is already autumn, and the capital of China has begun to blow sandstorms. This is the result of excessive logging in previous years. Now, China is about to begin to pay attention to these natural factors.

French Ambassador Strong drove his special car into Zhongnanhai, which is the heart of China. All policies are formulated from here.

"It's nice to meet you." The Prime Minister of China personally met with the French ambassador and said to him.

"I am also very happy." Strong said: "We France and China have always maintained a close and friendly relationship. Even during the Cold War, we France are friends of China."

Diplomats never blush when they lie. Just a few years ago, France had been trying to sell its Mirage 2000 fighter jets to Taiwan, which aroused strong dissatisfaction from the Chinese government. The Chinese government summoned Strong several times to express strong protests against France.

And now, Strong said insincerely, while wondering why the Chinese government urgently summoned him this time?

"We are very happy to see that France plays a leading role in international affairs. In ancient Europe, only France can make the voice of freedom and democracy." said the Prime Minister of Huaxia.

France is simply a troublemaker in Europe. In order to show the arrogance of the Gallic rooster, the French did not join NATO. In international affairs, they often sing against the United States. It makes Americans very unhappy, but they can't do anything about it.

Hearing what the Prime Minister of Huaxia said, Strong immediately understood. Is it because of the recent visit of the US Secretary of State to Europe to discuss sanctions against Pakistan? What does this have to do with China?

Of course, you can't think so. China and Pakistan have had a very close relationship in recent years. Not to mention that the military equipment of both sides is almost jointly developed, not to mention the joint cooperation between China and Pakistan in the war to split India. Take the recent case, China recovered the 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 out through Pakistan.

Now, the United States wants to sanction Pakistan, and China is contributing. That is normal. After all, the friendship between the two countries can be said to be quite solid.

"We, China, plan to diversify our investments to protect our own property from loss." The Prime Minister of China said: "We want to take out part of our foreign exchange reserves and convert them into francs. I don't know what your country's attitude is."

China is the world's largest foreign exchange reserve country. The main foreign exchange reserves of China are US dollars. The currencies of other countries are small. After all, the US dollar is the world's universal currency. Moreover, because of the hegemony of the United States, if anyone uses the US dollar in international transactions, it is simply against the Americans.

Although when the United States imposed sanctions on China, China announced that it would support the old European euro plan and convert part of its foreign exchange reserves into euros, the creation of the euro is still far away at this time. With the Europeans' usual bullshit nature, it is still too 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 shaky. If China does this again, the US economy will definitely collapse.

But now, China is finally going to take action!

The euro has not yet been established, and the mainstream currencies in Europe are those of France, Germany, and the United Kingdom. China cannot hold the euro now, but it can sell 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 Prime Minister of China said this, Strong's eyes were straight. This is certainly a good idea!

"We in France strongly support your decision. This is very important for maintaining the economic stability of the world." Strong said: "Your side is a wise choice."

"A few days ago, the United States suffered a disastrous defeat at sea. Both aircraft carrier battle groups were destroyed at sea. After the end of the Cold War, the United States considered itself the world's hegemon and carried out unjust wars around the world. It attacked Iran without the authorization of the United Nations and supported extremist forces in Afghanistan. Now, the domestic economy of the United States is almost on the verge of collapse. We can foresee that as the US economy deteriorates, the US dollar, as a world currency, will also face a substantial depreciation, so we must be prepared in advance." said the Prime Minister of Huaxia.

The US dollar will depreciate significantly! Then, its value as a world currency will no longer exist! Strong's breathing became a little rapid. He knew what the Prime Minister of Huaxia meant by this sentence.

Before World War II, the United States was just a big country, but with only two hundred years of history, it was not as good as the old capitalist countries! The United States just occupied a geographical advantage in World War II! The whole of Europe was destroyed, and the British Empire was almost destroyed. The United States can be said to be the only country that benefited from World War II. A large amount of resources, wealth, and scientists all went to the United States, while the United States itself did not experience any wars and its industrial base was still there. These factors made the United States a superpower after World War II and dominated European affairs. Under the aggressive threat of the Soviet Union, the old Europeans had to join hands and, under the command of the United States, be ready to deal with the Soviet steel torrent at any time. (To be continued ~^~)

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