crosses jewelry wholesale What happens if the dollar no longer linked to oil?

displays jewelry wholesale In recent years, with the changes in the international economic situation, the United States, which is a world's political and economic overlord, has also been impacted in some situations. The first thing that is the economic system linked to the US dollar and oil. Some countries have begun to find new oil The settlement method, then the problem comes. If the new method of transaction is established, the relationship between the US dollar and oil will be seriously affected, and even the decoupling of the US dollar and oil. If this situation occurs, how will it affect? ?

It to solve this problem, first of all, you must understand what the US dollar is linked to oil and oil, and what impact has the era of US dollar and oil hooking.

In the end of the Second World War, the United States as the victory of the country, and at the same time, because of its smaller damage in the war, it was to be able to greatly cause war. Gold reserves. After the war, a meeting was held in the Bretton Forest to establish a Bretton Forest system, that is, the US dollar directly linked to gold, and the US dollar became an economic overlord. However, with the changes in the world situation, this system eventually collapsed in 1971. After the Bretton Forest system collapsed, the United States actively looking for new anchors, allowing the US dollar to continue to become a reserve currency and keep its economic domineering position. Therefore, oil The US dollar plan came into being.

The oil US dollar system, that is, the US President Nixon signed an agreement with Saudi Arabia in 1971 to provide weapons and protection for Saudi Arabia, but its condition is that all oil trade in Saudi Arabia must be settled in US dollars, and Saudi Arabia is the largest as the largest The oil -producing country and the largest oil exporter. Under this agreement, other countries in the world have also used US dollars for oil trade. The oil dollar system has been established since then.

Petroleum is the blood of the industry, which is of great significance to modernization. As an important raw material for industrial production, oil is of great significance to the active right of petroleum resources at a strategic level. After the end of the Golden Power, the important role of oil on countries in the world in order to industrialization has increased. In 1973, the Middle East War broke out. Due to the dense oil producing country in the Middle East and affected by the war, oil prices doubled. From 1973 to 1980, oil prices rose from $ 3.01 per barrel to $ 32. This increase brought a huge trade surplus. The huge dollar caused by this surplus is the dollar dollars.

This of this huge oil dollar is the direct result of the US dollar and petroleum. Oil production and exporters have obtained a large amount of oil dollar. Overseas markets; and other industrial countries are in urgent demand for oil, even if the Organization of oil export countries increases oil prices, the high demand for oil must continue to import oil even if they are in a trade deficit. The import of oil will have a more serious impact on the domestic economy. Therefore, the majority of petroleum importing countries are urgently hoped that this huge amount of oil USD returns to industrial countries instead of savings, that is, European and American developed countries such as oil exports from oil exports. However, the US dollar is different from traditional gold reserves. For short -term funds, the return of capital in the international market is likely to cause economic turmoil. All these are the direct consequences of the US dollar and petroleum.

In addition to the impact of the US dollar on the international market, because the US dollar is linked to oil, countries in the world want to import a lot of US dollars, then buying US dollars is the most direct way. Therefore, major industrial countries in the world may Or a small number of US Treasury bonds will be purchased. Through a large number of government bonds, the United States has obtained a high advantage in its development economy. At the same time, because countries around the world have a large number of US Treasury bonds, once the economic crisis broke out in the United States, the United States can print a large number of currency through a large number of currencies Change the exchange rate and pass the crisis to other countries.

In on the other hand, because the US dollar is directly linked to oil, in addition to exchanging the US dollar to the US dollar, export to the United States is also an important way to obtain the US dollar. Simply put For the same nature of goods, the United States will carry out bargaining methods to reduce the price of goods. In order to obtain oil to obtain oil in the US dollar, it has to reduce the export price. In this way, the United States also dominates the international commodity trade. Gradually, because of the indirect impact of the strong political and military strength of the United States, in addition to oil, more commodity trade through the US dollar settlement, the US dollar's dominant position in the world economy and the status of reserve currency have been further consolidated.

The oil is so important, and the US dollar linked to oil is even more important. Through two methods of settlement in the United States, the United States not only retains the status of economic overlords, but also directly or indirectly controls the economic lifeblood of most countries in the world. For other countries, for its own development and industrialization, it has to succumb to the oil US dollar system. Below, the United States has made a large number of profits, accumulate wealth, and maintain its status with its oil US dollar system. At the same time, it is passed on to the economic crisis through financial means, and even the country that initiates trade war sanctions affecting its own interests. A more obvious example is that in recent years, China and the United States have become more and more frictional trade war, and Iran's strong sanctions by the United States. An important reason for our helplessness of the United States' hegemonicism is the oil dollar system. When we cannot get rid of this system, we can only swallow the voices, and it is difficult to make a substantial counterattack.

Therefore, if you want to completely remove the vortex of the US dollar system, an effective means are another way to find new oil settlement currencies. In short, because oil is linked to the US dollar, it makes it easier for the United States to borrow money, and the value of the US dollar is much higher than other currencies.

In recent years, Russia has begun to use new currencies, such as the euro to settle oil, and China has also begun to actively promote the pace of RMB settlement of oil. China and Russia have occupied an important position in the oil trade system. Therefore, the actions of China and Russia will undoubtedly cause a major blow to the United States. As the world's largest natural gas exporter and the second oil exporter in the world, Russia is actively exploring the method of "going to the US dollar". China's current oil trade volume replaces the United States as Saudi Arabia's largest petroleum trading partner, making Saudi Arabia settle on the RMB settlement oil The method is interested, and currently Russia, Iran, the UAE and other oil export countries have agreed to use RMB for oil settlement. The trend of petroleum settlement and international trade de -US dollar will have a huge impact on the US economy, and its final ending will be decoupled from the US dollar and oil and even the international trade chain.

The dollars decoupled with oil. This is the most unwilling situation of the US government. If this happens, the US economy will be severely damaged. At the same time, the US economic overlord will be Serious impact. Because the value of the US dollar is decreasing after decoupling, the status of reserve currency will also fall thousands of feet. The chain response caused by this will even defeat the US economy, which will cause the economic crisis.

The first is the sharp increase in inflation rate. Because the oil dollar system collapses, it will directly affect the value of the US dollar and further affect the price of the United States for imports of goods because the value of the US dollar declines, and at the same time, The demand for the US dollar is reduced, so the price of goods imported from the United States will rise sharply, and the United States will pay more dollars, which will greatly increase the inflation rate and cause adverse effects on the economy.

The second is that the cost of debt is increased. The decoupling of US dollars and petroleum directly leads to a significant decline in the "gold content" of the US dollar, which leads to an increase in interest rates. A significant impact on the US domestic economy is Increased expenditure, so that more debts need to be repaid, and gradually have an adverse effect on US Treasury bonds. On another level, the purchasing power of most families in the United States has been reduced, and it has a negative impact on further real estate in the United States.

The importer from most other petroleum importers in the world, such as China, decoupled with oil and oil will bring a new situation to economic growth. On the one hand, after the decoupling of oil and the US dollar, it will bring a diversified method of settlement, thereby generating the diversification of oil trade. The price of oil is no longer controlled by one party, and it will gradually stabilize due to diversified transactions. On the other hand, in other currencies such as RMB to join the oil settlement method, it is very conducive to the development of China's economy. China will get more trade opportunities, and at the same time improve China's economic status, thereby achieving a win -win situation.

since the World War II, the US dollar has been an important reserve currency in the world. If the US dollar is decoupled with oil, the status of its reserve currency will inevitably be impacted. The impact on reserve currency.

The first, because of the difficulty of accumulating and economic inertia, for a period of time when the US dollar is decoupled from oil, the US dollar still stands firmly in the reserve currency status, and it lasts for a period of time until the economic situation changes. Eclipse the influence of the dollar, and the US dollar has since exited the reserve currency competition. This situation is greatly possible. The reason is that the United States' huge influence on the world's political and military stage will continue to increase its own influence by intervening in other domestic politics. The status, however, this approach not only has adverse effects on the diversification of economy, but even destroys the original process of diversifying the world.

The second, re -acting in 1971, the United States looked for a new US dollar anchor, just as the US dollar was decoupled from gold in 1971 and linked to petroleum to maintain its reserve currency status. The possibility of new anchors is not. However, this situation is difficult to analyze the economic situation and the world development situation. First of all, because the gold reserves of the United States no longer occupy a decisive position, the historical reversing of the re -selection of gold as anchors will not occur; secondly, in the financial industry, the capital can be controlled by the United States is far less than before, so the US dollar is linked to other materials to other materials. The situation is difficult to appear, because it is difficult to find supplies like oil from the perspective of the United States and its allies, so it is not easy to re -linked; in the end, the most affected by currency virtualization, the currency virtual in the future for some time. The degree ofization is likely to be further strengthened. At that time, whether the US dollar is linked to anchor, the impact on the world economy will be slightly miniaturized. Therefore, the new US dollar anchor may be small.

The third, the US dollar reserve currency status is replaced, or other currencies and US dollars have formed strong competition in the reserve currency status, and even go hand in hand. The more obvious example is the RMB. "The People's Bank of China is a financial institution that the Chinese people are the master. They have the backing of the people across the country, outstanding credit, and strong strength. The RMB is the most reputable currency in the world, enjoying the prevalence in the world." In the past Premier Zhou's remarks are undoubtedly the best annotation of RMB today. Since the renminbi has joined the currency basket, China's economic development momentum is getting better and better, and its influence in the world is increasing day by day. Become the largest foreign exchange reserves, the RMB credit is good, and the exchange rate is stable. It has greatly enhanced the stability of the market in the world economic field. When the RMB really has an important position in the world market and even reserve currency, it must be at that time. It will bring a new chapter full of vitality to the world economy.

In short, in fact, in fact, anchor and reserve currency or gold in the history of financial history or decisive effects, but since the collapse of the gold, the world economy has gradually been full of instability and volatility. Although the dollar is US dollar This volatility is reduced to a certain extent with oil hooks, but it also has a adverse impact on the economic development of other countries. Therefore, the decoustal US dollar in the future is conducive to creating a diversified economic situation. At present, the world's political situation has approached diversification, and after the US dollar no longer linked to oil in the future, a diversified economic situation may occur, which is more conducive to the sustainable and healthy development of the economy.