In the case of continuous interest rate hikes to no avail, in order to force more dollars to return, the United States began to wield the big stick of the exchange rate, drinking the blood of South Korea, eating the meat of Japan, and even India and Vietnam. And under our protection, Thailand and Cambodia have escaped.
Just when the United States was busy digesting, the hegemony of the dollar was poked into another big hole, and this time it was Saudi Crown Prince Salman who attacked, and he did not fight alone, but in a group.
As a major country in the Middle East, Saudi Arabia led seven African countries to demand from the United States to withdraw the gold reserves deposited in the United States. At first glance, it seems unreasonable, but in fact it is a great threat to the very foundation of the dollar, because the current dollar is looking for a new anchor and is in a very fragile stage, and any external wind and grass may become the last straw that crushes the dollar.
And Saudi Arabia has been dealing with the United States for decades, and it is the initiator of the peg of the dollar and oil. Therefore, Saudi Arabia standing up to provoke trouble at this time will not be a simple coincidence, but a fatal blow of "taking advantage of your illness to kill you".
What is particularly interesting is that the combination of subjects involved in the implementation of this collection operation is very wonderful, even fantastic. Led by Saudi Arabia, a Sunni brother in the Middle East, is the biggest rebel against the existing dollar system. The seven members are all from Africa: Algeria, South Africa, Egypt, Nigeria, Ghana, Cameroon and Senegal. Perhaps in the world, their economic power is inconspicuous, but among more than 50 African countries, they can rank in the top 20.
In fact, this should be seen as a countermeasure by African countries to US hegemony, but the seven countries all believe that even if they are tied together, the weight is not heavy enough, and the pressure on the United States is not great enough, and they need to find a bigger guy to pierce the sky together. And Saudi Arabia has already done the first year of junior high school, so it is not afraid to do it again for the fifteenth, anyway, it has already torn its face with the United States, so it is not afraid to tear it again.
Therefore, it is not so much that Saudi Arabia is the leading big brother, but rather that it is to follow the will of the people and push the boat with the water.
In the face of the joint provocation of the eight countries, the United States felt very desperate: although it itself was also buying gold frantically around the world, it was still facing the danger of being hollowed out of its gold reserves. This is like a patient who has lost too much blood, if he does not do a good job of stopping the bleeding, no amount of blood transfusion will be of any help, and it will be life-threatening because of mistakes in his busyness.