Middle Eastern countries issued an eviction order , the hegemony of the dollar is facing a dilemma,

Mondo International Updated on 2024-01-19

In recent years, the dissatisfaction of the countries in the Middle East with the United States has gradually increased, and this situation has been more clearly reflected in the Palestinian-Israeli conflict. Although on the face of it, the conflict is the result of a long-standing conflict between Palestine and Israel, a closer look reveals that Gaza, with a population of only 2.37 million, would hardly have the strategic planning capacity and financial resources to sustain the war under Israel's tight control. As a result, suspicions began to arise that the conflict was likely to be a mercenary war, and at the same time a "customer eviction order" issued by Middle Eastern countries against the United States.

Dissatisfaction with the United States is due to a number of factors. First, Middle Eastern countries are unhappy with the dollar-dollar oil pricing power that the United States contracted in 1974. This agreement makes the US dollar the main currency of the world's oil**, bringing huge benefits to the US dollar hegemony, but for the countries of the Middle East, it means relying on the US dollar and the international financial system under US control. At the same time, the United States has been reluctant to see Middle Eastern countries seek a way to survive other than oil, especially to develop their own industrialization. Coupled with Biden's recent "untouchable" remarks against Middle Eastern countries, it has further deepened the dissatisfaction of Middle Eastern countries with the United States, which eventually led to Arab countries issuing "eviction orders" to the United States.

In addition to Middle Eastern countries, China is also one of the beneficiaries of the hegemony of the dollar. Unlike Middle Eastern countries, which helped the U.S. dollar gain oil pricing power, China has provided valuable opportunities for the U.S. dollar to deepen its market through reconciliation and cooperation with the United States. In 1971, the improvement of Sino-US relations opened the door to the international market for China, and China took advantage of the situation to take over the manufacturing industry that had been eliminated by other developed countries, and quickly rose to become a manufacturing powerhouse. China's rapid development has not only made China one of the largest export markets for American goods, but also established its important position in the global economic landscape.

In the next few years, as China continues to improve its independent innovation capabilities and scientific and technological strength, the Chinese market will usher in a broader space for development. At the same time, the United States realized that it had miscalculated and began to seek cooperation with China. However, for American politicians, correcting mistakes means making strategic concessions, which is not easy for the United States to accept. Therefore, the change in the U.S.-China relationship is not only the result of the strategic mistakes of the United States, but also the impetus of global trends.

When talking about global trends, we cannot but mention the concepts of anti-colonial, anti-oppression and anti-exploitation. The trend of global change refers to the resistance and resistance of all countries in the world to oppression and exploitation, and is the common pursuit of building a just and equal world order. The outbreak of the Palestinian-Israeli conflict is part of the resistance of Middle Eastern countries in their pursuit of industrialization and national subjectivity and independence. At the same time, the popularization of the Internet and the rapid development of information dissemination have accelerated people's desire and pursuit of ideological emancipation, making the influence of global trends increasingly strong.

In the recent expansion of the BRICS, the accession of Middle Eastern countries has attracted widespread attention. The accession of Middle Eastern countries such as the United Arab Emirates, Saudi Arabia, Iran, and Egypt has further increased the weight of the "de-dollarization" trend. This trend, albeit slowly, is the result of the wheels of history quietly turning and is changing the global landscape.

The "expulsion order" issued by the Middle Eastern countries is undoubtedly a huge challenge to the hegemony of the dollar. The wrong choices and policy miscalculations of the United States over the past few years have led to a gradual increase in dissatisfaction with the United States in Middle Eastern countries. China, as another beneficiary, has provided an opportunity for the hegemony of the dollar to arrange market depth in the rapprochement and cooperation with the United States. The trend of global change is also imperceptibly affecting the direction of China-US relations. However, the process of correcting the mistakes of the United States will not be easy, and they will have to face strategic concessions. The impact of the "eviction order" of Middle Eastern countries and the global trend of change is driving changes in Sino-US relations, and this change will determine the future pattern of the world. We should also recognize that the current situation has changed dramatically, and that major changes unseen in a century may be just around the corner. We need to pay close attention to the changes in the international situation and prepare corresponding strategies to seek better development and life for our country and people.

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