Volume 3 Summer Rain Chapter 0364 Petrodollar
"Adam, this is a good idea. You should go home and find out if you have Jewish ancestry."
Nan Yi had a satellite video call with Scarlett and told her the idea of the film and television fund and crowdfunding, and then Scarlett said this.
As for satellite video calls, this technology is very mature in this era, but the cost cannot be reduced for the time being, and it is not yet time for large-scale popularization. Only a small number of users like Nanyi who can afford it and are very concerned about the timeliness of information are using it.
In fact, video calls did not become popular until the late 1990s when the Internet had become relatively mature. At that time, many communication software already provided free video call functions, such as Yahoo Messager.
"This is not funny at all. Bring my son here and let me see him."
"Stingy man, wait." Scarlett said, left for a while, and soon appeared in the camera with Nan Youqiong, "Adam, say hello to our big Adam."
Nan Youqiong looked at the screen showing Nan Yi's portrait with curiosity in his big eyes. He stretched out his hands to touch the screen, but Scarlett held them tightly in her arms.
"Hello, my baby, do you miss your daddy?"
Nan Yi and Nan Youqiong kissed for a while, and then Scarlett took Nan Youqiong away.
"Adam, what do you think Congress will do next?"
"Don't talk about this kind of topic on the phone. If you have too much free time, go do community service." Nan Yi's face darkened and he cut off the video signal. "What a stupid woman, you can talk about this kind of topic on the phone."
Perhaps because she really wanted to talk about this topic, or perhaps because she was dissatisfied with Nan Yi's attitude, Scarlett flew to Los Angeles that same day.
"Didn't you say we couldn't talk on the phone? Now that we're face to face, answer my questions."
When Scarlett arrived, Nan Yi and Nan Ruoyin were still looking at documents.
"You are so free, you don't care about your son and Hongdou, so you come here? "
Scarlett said disapprovingly: "My son has someone to look after him. Hongdou is very self-disciplined and doesn't need me to supervise her at all."
"Oh, why are you asking me that question? Wouldn't it be better to ask the Elephant Party directly?"
"Is it funny?"
Scarlett glanced at Nan Yi.
"Not funny." Nan Yi straightened his face and said, "Why guess? The most important thing is of course to remove the thorn of Soviet revisionism. Star Wars is very impressive, right? But look at how much NASA's investment has increased?
In your home, in my study, there is a report on the output value of the Soviet revisionists' light and heavy industries over the past ten years, as well as the production situation of various industrial and agricultural bases over the past ten years. After reading it, you will probably understand how bad the situation of the Soviet revisionists is.
Simply put, the Soviet revisionists are left with only a large frame, and the inside is rotten to pieces. If it were not for the blood transfusions from the member states, the Soviet revisionists would have collapsed long ago.
They were frightened by the Star Wars and forced to launch their own star plan, which would drain the last bit of Soviet revisionism's blood and energy."
"You mean, Su Xiu can't hold on any longer?"
"It will be soon. When the financial consortium takes action, it will be the moment for the final fatal blow."
"Can we have a piece of the pie?"
"Why not? Soviet revisionism is not a problem that can be solved by a single party. It must be solved by the Elephant Party and the Donkey Party. We should work together and interact more with Morgan."
"You don't need to teach me this. I will go to every party gathering."
"That's fine. You flew here in such a hurry, didn't you just want to discuss this issue?"
"Almost. I haven't seen you for a long time. You come here to collect the rent. Is there anything dishonest in Hollywood?" Scarlett said ambiguously.
"Don't talk nonsense, Rachel is still here."
"Dad, I didn't hear anything. Aunt Scarlett, please continue."
"Rachel, help me keep an eye on your father and stop him from messing around with other women. Auntie will reward you well."
"Hehe, thank you, Auntie." Nan Ruo smiled, turned to Nan Yi and said, "Dad, can I betray you?"
"The benefits will be split equally between us." Nan Yi said to Scarlett provocatively.
"make a deal."
"Adam, you're not afraid of me getting angry at all, are you?" Scarlett said with a dark face as she looked at the father and daughter.
"Am I not afraid of you getting angry? I am confident in my integrity. I have no interest in Hollywood actresses. Well, let's not talk about this. Since you are here, let's talk about business. Let's go to the Hollywood Hills and talk while we have fun."
"good."
The two adults and one child changed into casual sportswear and took a car to the foot of the Hollywood Hills.
There is a road leading up to Mount Hollywood, but there is a sign blocking a certain section of the road, so cars cannot drive to the top of the mountain and you can only walk forward.
After the three of them walked a little further up, there became a vacuum zone around them, and the other people who were also climbing the mountain stayed away from them.
They had to stay away. There were three teams protecting Nan Yi, one team for Nan Ruoyin, and two teams for Scarlett. There were five teams with more than 30 people in total, so they naturally kept others out.
The three of them first experienced the fun of mountain climbing, and when they were less than half an hour away from the Hollywood sign, Nan Yi started to get down to business.
"Do you know where the huge gold reserves of European countries come from?"
"Of course I know. When the Korean War broke out, the White House froze China's deposits in the US banking system. This aroused the vigilance of the former Soviet revisionists and Eastern European countries in the same camp at the time, and they began to transfer funds on a large scale.
As a result, a large amount of US dollars in the Soviet and Eastern European countries were withdrawn from the British banking system and transferred to commercial banks established by the Soviet Union in other European countries. This was the initial reason for the formation of the European dollar.
Subsequently, as the European economy recovered and exports grew rapidly, European countries accumulated a large amount of US dollars and subsequently expressed doubts about the United States' ability to exchange gold at 35 US dollars per ounce.
France took the lead and sold a large amount of US dollars to the Federal Reserve to exchange for gold at the official price. Germany, Italy, Spain and other countries followed closely. The strong gold reserves of European countries originated from this. "
"You are right. The US dollars stored in Europe are called Eurodollars. Ruoyin, tell Dad what petrodollars are."
Nan Ruoyin thought for a moment and said, "Dad, the Middle East War that broke out in 1973 and the subsequent oil price surge not only greatly affected the economic development of China, the largest energy consumer, but also the Middle Eastern countries earned a lot of dollars from oil trade and became China's creditors.
Petrodollars refer to the large amount of surplus funds accumulated by oil exporting countries after the outbreak of the Middle East War in 1973 due to the increased oil revenues caused by the sharp increase in oil prices.
The emergence of petrodollars has led to major changes in the structure of international balance of payments, which is reflected in the fact that oil exporting countries have huge surpluses due to the sharp increase in oil revenues, while oil consuming countries have huge deficits due to the sharp increase in oil expenditures.
The original pattern of 'surplus in developed countries and deficit in developing countries' has been reversed.
The huge amount of petrodollars has had an impact on the entire world economy. For oil-exporting countries, due to the huge income from petrodollars and the small domestic investment market, they cannot fully absorb so many dollars and must export capital abroad.
For Western developed countries, due to the substantial increase in expenditure on imported oil, their international balance of payments mostly show a huge deficit.
If austerity measures or restrictions on oil imports are adopted to improve the balance of payments, it may lead to economic recession. Therefore, most developed countries hope that petrodollars will flow back.
In 1973, then-Treasury Secretary Shultz reached a secret agreement with Saudi Arabia.
The key point is that most of Saudi Arabia's petrodollars are deposited in foreign banks, and oil transactions are denominated in US dollars and listed on the New York Mercantile Futures Market.
The link between oil and the U.S. dollar laid the groundwork for the close relationship between the two in the future.”
"Okay, I've memorized the information well. I'll try to add my own understanding next time. Since the 1980s, the price of oil has been rising, but in fact, the world's daily oil production has not exceeded the normal level.
Why are oil prices rising so much? Is it because of rising demand?
Probably not. I have read the data. In the 1980s and the last five years of the 1970s, the world's demand for oil did not increase much. The increased demand was not enough to support a substantial increase in oil prices.
If we look into it more deeply, the reason is very simple: the over-issuance of US dollars has caused a decline in purchasing power.
Scarlett, besides Japan, which countries and regions in Asia do you think will have the fastest economic growth in the next ten years?"
"Needless to say, we have already seen the signs. The economies of South Korea, Xianggang, Taigang, and Lijiaopo have been rising rapidly. For the time being, no other place in Asia is developing faster than them.
In the past few years, the production bases of Europe and the United States have been transferred to three places other than Hong Kong. Taichung textile industry, Lijiaopo electronics, pharmaceuticals, and South Korea are also dominated by semiconductors. However, the textile industry has a tendency to move to mainland China.
Hasn’t Nike’s production base been moved to the mainland? "
Scarlett mentioned Nike at the end, which was a bit suggestive. Nan Yi was able to bring one of Nike's branches to Shencun, which could be said to be a result of taking advantage of Scarlett.
"Okay, I'll remember your contribution. Let's put it this way, with the economic rise of these four places, through trade exports, a large amount of US dollars remained in the commercial banks in Tokyo, Lijiaopo, and Hong Kong International Financial Center.
This brings us to the Asian dollar, the European dollar, the petrodollar, and the Asian dollar. A large amount of dollars are stranded outside. Do you think Congress should find a way to bring these dollars back?
Compared with the decline in the purchasing power of the US dollar, it is more important for China to restore its trade surplus.
How can we restore the trade surplus as soon as possible? "
"The dollar has depreciated." Scarlett said disapprovingly: "Adam, you have already mentioned this before. I have also received news that Congress is already planning to devalue the dollar."
"I don't have Alzheimer's disease yet, so I certainly remember what I said. What I mean is, after we target Japan to restore a little trade surplus, who should we target next?"
"Su Xiu."
“How to do it, where to start?”
Nan Yi's question stumped Scarlett. She thought for a long time before tentatively asking, "Germany? Unification of East and West Germany? No, it should be Eastern Europe and East and West Germany together, a two-pronged approach."
Scarlett said this, and then realized that what she said was not right, so she added: "Saddam is too close to the Soviet revisionists, and Yin Lak has 18,000 Soviet revisionist air force advisers. He should take a three-pronged approach in Eastern Europe, Germany, and the Middle East, and also drag the Soviet revisionists into the quagmire of Jinan and Afghan.
From the outside in, first cut off the external expansion of the Soviet revisionists, drive them back to their homeland, and then implement subversion plans on the homeland. Adam, according to you, this will be a bloodless economic war?"
"It must be an economic war. Don't forget their steel torrent. It would be no problem for them to penetrate Europe in three days. All European countries are frightened by the Soviet revisionists.
A few years ago, wasn't it rumored that the Soviet revisionists were developing an intercontinental bomber? Who knows if they have completed the research? If they have an intercontinental bomber, it will threaten the homeland of the United States, and Congress will definitely not wait for any moment.
In addition, the Soviet revisionism is also the popular will. All countries that can speak out in the international arena are eager for the Soviet revisionism to fall. Peace has only been around for a few years and has not yet been fully restored. No one wants to go to war. "
“So, this is also an opportunity for us?”
"Yes, taking advantage of the situation, Pan American is ready to expand outward and bite off a piece of fat meat from the huge body of Soviet revisionism."
"Dad, we've reached the top of the mountain. It's bare. This mountain isn't beautiful at all."
Nan Yi looked up and saw that they had come to the white English letters of "Hollywood". "It will be beautiful when the lights at the foot of the mountain are turned on. Let's have a picnic here and go down the mountain after enjoying the lights."
"How can we have a picnic? We didn't bring any food." Scarlett said.
"Just ask someone to go to the restaurant halfway up the mountain to buy some. Ruoyin, come here and do a flying pose. Daddy will take a picture of you."
"No, that's too childish." Nan Ruoyin pouted and said, "Dad, please stand lower and shoot me from the bottom up. Make me look more majestic. I want to rule the country."
"Wow, you're quite arrogant. Let's give it a try."
Nan Yi asked Nan Ruoyin to stand in front of "Hollywood". He walked two steps down and took the Polaroid camera in his hand, tilting it at a 35-degree angle and shooting upwards. "One, two, three, shout Cheese ."
"Cheese!" Nan Ruoyin shouted with a smile.
Nan Yi captured a good picture, waited for the photo paper to come out of the camera, shook it in his hand, took a look at it, and then handed it to Nan Ruoyin.
"Adam, your photography skills are terrible. The exposure angle is not good." Scarlett came to Nan Ruoyin and took a look at the photo, then said, "Give me the camera, I'll take the photo."
"Here you go, here you go. I know you were a reporter before. You're awesome. You come and take the photo."
Nan Yi stuffed the camera into Scarlett's arms in a bad mood, and stood aside, thinking to himself, "Find someone who knows how to flatter me and put him by my side. He doesn't have to do anything but flatter me. He has to blow every shit into a big step forward for mankind."
Scarlett didn't argue with Nan Yi. She took out her camera and took another photo of Nan Ruoyin. Then she showed it to Nan Yi with a look of "Are you convinced?" written all over her face.
Nan Yi looked at the photo and compared it with the ones he took himself. There was indeed no comparison. Professionals are professionals.
"Do you want to learn? If you want to learn, I'll teach you."
"Scarlett, have you ever heard of a palm technique that falls from the sky?"
