Of course it is intentional. The United States has such a high GDP and has to borrow money from all over the world. This is entirely because the United States does not spend enough of its own money and is in high debt.

Although the United States has Money, but its expenses are also large. It needs to maintain an army that can control the world, maintain domestic internal affairs, support civil servants, provide welfare and education, everything requires money

So so much money is needed Where does it come from? Naturally, it comes from collecting taxes and other fiscal revenue. If these fiscal revenues are not enough, then we can only borrow money. In the past, the foreign debt of the United States was not very high. After the Reagan administration, tax cuts were implemented, and fiscal revenue decreased. Expenses keep rising again, what should we do? They can only borrow money to live.

After many tax cuts, Americans took borrowing money to live as a matter of course, and the country as a whole became heavily in debt. This was indeed intentional, but it did not deliberately destroy the world. Meaning

However, for other countries, U.S. debt as a kind of foreign exchange reserves can still be trusted, because the U.S. economy is the first economy there, and it is difficult to get its debt. There is no loss, so U.S. debt is quite popular

The U.S. economy ranks first in the world, with GDP reaching 21.4 trillion U.S. dollars in 2019, but its debt exceeds 220,000 U.S. dollars. billion dollars. A big business means a big expense. "Nowadays, even though the external appearance is not very low, the inner pocket is also exhausted."

GDP refers to the wealth produced by labor in a country (region or unit) within a certain period of time. The total is generally considered to be one of the indicators of a country's economic strength. According to the international exchange rate calculation method, the United States’ GDP of US$21 trillion is definitely the first in the world.

Since the economy ranks first in the world, why do we talk about being "empty" and why do we borrow money everywhere?

This is because the U.S. government is fiscally impoverished. The so-called fiscal impoverishment, in layman’s terms, means that it cannot make ends meet. Data show that the U.S. fiscal deficit hit a seven-year high in fiscal year 2019, reaching $984.4 billion, an increase of approximately 26% over the previous fiscal year.

In this way, the revenue cannot meet the expenses every year, and the debt limit is raised every year. As time goes by, it snowballs and grows bigger and bigger, and it has rolled to and exceeded US$22 trillion.

Borrowing the words of Leng Zixing, the indifferent antique dealer in "A Dream of Red Mansions", we can explain the situation of the United States in one sentence, "Although the shelves outside are not very low now, the flash bag has also been used up." . There are many difficulties, all of them are spendthrift, and they are all spendthrift owners.

Why did the United States become a "pauper" when it was originally a rich man? As Wang Xifeng said, "All of them are lavish and spendthrift." Even guarding a golden mountain is not a struggle.

The United States earns more and spends more. Military expenditure alone amounts to more than 730 billion U.S. dollars every year, ranking first in the world. US$730 billion is not a concept. There are less than 20 countries in the world with an annual output value exceeding US$700 billion. The combined GDP of the remaining more than 100 countries is less than the annual military expenditure of the United States.

Those aircraft carriers are roaming the five major states every day, and the large bombers, transport planes, and fighter jets are domineering in the sky. That is not easy and fun, and it is all a waste of money.

Of course, for a country like the United States that is used to living a comfortable life, it is not just military spending that is wasted. Other expenditures such as medical security, civil service fees, education funds, etc. are just as wasteful as military spending. extravagant.

The United States also has a systemic shortcoming that successive governments have been unable to solve, and that is tax cuts. In every presidential election, candidates from both the Democratic and Republican parties have promised to reduce taxes during the election in order to win votes. This is true for Clinton, George W. Bush, and Obama is no exception. After Trump took office, he cut taxes by 30% for individuals and businesses.

When taxes are reduced, fiscal revenue will be reduced. If the revenue is not enough for government spending, sometimes the U.S. government will have to "shut down." If this fails, the U.S. government must use the last resort, that is, to issue U.S. Treasury bonds! "The acres of land in Eastern Province have been rented out for ten years." Without progress, no matter how strong the building is, it will collapse

Is the United States doing this on purpose? Of course it wasn't intentional.

Just like the Jia family in "A Dream of Red Mansions", when they are rich and powerful, no one thinks about how to spend their time when they lose power. It wasn't until Jia's house was confiscated and Jia's mother Jia Zheng inquired about her family's assets one after another that it was discovered that "the acres of land in the eastern province had already received the rent of Mao Liang in the first year of the year." But it was too late.

It’s hard to say what era of food the United States will have in 2018, but this debt of nearly 23 trillion US dollars is definitely not the final figure.

When Trump came to power, he vowed to solve the debt problem of US$19 trillion at the time. What was the result? It increased by more than US$4 trillion in less than four years. If you add the 3 trillion that was suddenly printed during the epidemic, it will be 7 trillion.

With this momentum, even if Trump continues to be president, can he solve the US$26 trillion debt problem? If Trump steps down, how much energy and ability does the 80-year-old man who came up have to intervene in this matter? He will just continue to follow Trump's path.

GDP (Gross Domestic Product): refers to the sum of the value of all final products and services produced by all resident units in a country (or region) within a certain period. It is often considered to be a measure of the country (or region). ) is an indicator of economic conditions.

Based on GDP ranking, the United States has long been the world's number one. This means that U.S. productivity is indeed at the leading level in the world. So why does the United States still borrow money from other countries through national debt?

U.S. Treasury bonds:

U.S. Treasury bonds can be roughly divided into short-term Treasury bills (T-Bills), medium-term Treasury bills (T-Notes) and long-term Treasury bonds according to the different repayment periods of the bonds. Treasury bonds (T-Bonds) 3 categories. In addition to local investors, U.S. Treasury bonds are also open to various countries around the world. Its issuance of Treasury bonds in previous years has averaged 500 to 600 billion US dollars a year.

Many friends will have this question, why does the United States still borrow money when it has money?

There is an important knowledge point to understand here: Profit = Revenue - Expenses.

From the above table, we can see that the United States also ranks first in fiscal revenue in the world, but why does it still need to borrow money?

Because: there is not enough money to spend. The United States has a perennial fiscal deficit. Its fiscal expenditure is also the largest in the world. It also has to repay previously issued national debt that has matured. What if the money is not enough? It can only issue new debt to borrow money.

What if the United States does not issue new debt? In theory, there are two ways to do it: cut spending or raise tax rates. But it’s not very practical, so you can only do it slowly. Let me answer you all sincerely: Lao America borrowed foreign debt, which was actually intentional, but you still "can't do it without borrowing". If you say it's irritating or not, it's simply "annoying to death"!

I don’t want to say more about the strength of the United States. They are currently world champions in military, economic, cultural, technological, etc. areas. Since the disintegration of the Soviet Union, the United States has become the only world champion, and it can be said that it is prosperous.

The question is, the world champion has a lot of money in the United States, why does he still need to borrow money from all over the world to live? Why would anyone else lend it to him? Why hasn't he paid it back? Let me briefly analyze it: In what year did the United States become the world's largest GDP, you won't believe it if I tell you

The United States changed from an agricultural country to an industrial country in 1884. At that time, we We are in the period of backwardness and being beaten in the late Qing Dynasty, so it would be embarrassing to compare. Ten years later, in 1894, the United States surpassed the United Kingdom and became the world's largest industrial country.

As early as 1914, the United States’ gross national product had exceeded the sum of the United Kingdom, France, Germany, and Japan. During World War II, the U.S. economy became even stronger, and the U.S. supported more than 50% of the Allied strategic supplies. In the four years since the outbreak of World War II, the United States produced 147 aircraft carriers. In 1943, the United States produced 40,000 aircraft in one year. This was all possible because the United States had money.

In 2017, the GDP of the United States was US$19.3 trillion, still the world's largest economic power. The United States has been leading the world in terms of GDP for 123 consecutive years. In 2019, the total GDP of the United States was close to 21.43 trillion U.S. dollars, which is still 7 trillion U.S. dollars more than the second-ranked country.

If Americans are so rich, why do they still borrow money to survive?

The annual GDP of the United States is about 20 trillion US dollars, but the fiscal revenue is not that much! The fiscal revenue of the United States in 2019 was US$7 trillion, but it pointed out that it reached US$8 trillion. It seems that even if you have money, you can't spend it randomly!

The United States, a big country with big businesses, has a lot of money to spend. For example, military expenditure has reached more than 700 billion U.S. dollars, and it has to maintain a large number of office workers and pay various membership dues (the old American membership fee is Pay the most), and also pay for various domestic welfare guarantees, etc. Anyway, the United States is unable to make ends meet every year. The United States’ various foreign debts now reach a record high of 26 trillion US dollars.

The U.S.’s finances run deficits every year, so it doesn’t have to worry about too much debt anyway. If you don’t have money yourself, you have no choice but to borrow foreign debt. Why are others willing to lend money to the United States?

It is easy to understand that the United States issues foreign debt. To put it bluntly, it means that if your family has no money, you can borrow money from others to live a good life. But why are others willing to borrow U.S. debt? These are the problems. Let me tell you the truth and the reasons are as follows:

1. The United States is strong and the US dollar’s ??world hegemony has led to everyone needing the US dollar, because the world’s bulk goods only accept the US dollar.

2. The United States has maintained a trade deficit for many years. Some countries like the United States export a large amount of goods in exchange for a large amount of dollars. However, these US dollars cannot buy a large amount of American goods, so they can only buy US bonds, which can still maintain their value.

3. Because U.S. Treasury bonds are highly liquid and safe, and can appreciate in value and make money after buying them, everyone buys them.

For example: We currently hold the largest amount of U.S. bonds. We have a large amount of U.S. dollars in our hands, but we cannot buy any advanced American technology. We can only invest in U.S. bonds to maintain and increase value. In fact, everyone's behavior supports the economic development of the United States in disguise, but there is no other way. Who calls others strong and who calls the U.S. dollar a universal currency? The United States is borrowing money on a large scale, so why are they so confident?

Everyone still has a question. The United States has sent us so much money. If we go to him to repay the money together, won’t the United States go bankrupt? According to our words, Lao Mei has no worries if he has too many debts. He has never thought of paying off all his debts at once.

Americans have never considered paying off all their foreign debts, because they have a unique trick - as long as the dollar index depreciates, the foreign debts owed by the United States will be reduced, which can dilute the creditors who buy U.S. Treasury bonds. rights and interests. The United States will never default on its debts, but it will never be able to repay its huge foreign debts.

In fact, in the final analysis, Lao Mei is stronger! Just imagine how many countries in the world dare to really fall out with the United States. The Soviet Union is no longer there, so the United States has nothing to fear. In turn, the United States can influence the economies of other countries through U.S. debt. I have to admire the advanced methods of the United States. Finally, I want to say that this is a concentrated expression of the hegemony of the US dollar, but you have no choice yet, because we can't live without the US dollar. If you want to buy oil, gold, or various bulk commodities, they only accept US dollars! However, in recent years, the RMB has also gradually entered the world. I believe that the hegemony of the US dollar will be overturned in the near future. If one day the overall national strength of the United States fails and the world champion position is lost, I think his lifestyle of relying on debt to survive will not be able to survive.

In 2018, the GDP of the United States reached 20.5 trillion U.S. dollars, ranking first in the world, far ahead of the second-placed China with 13 trillion U.S. dollars. However, we found that the size of the U.S. national debt is as high as 22 trillion, and the U.S.’s annual interest payments alone are 520 billion U.S. dollars. Therefore, some netizens asked, if the GDP of the United States is so high, why does it still need to borrow money from all over the world? Is it intentional?

GDP refers to the total wealth produced by labor in a country within a certain period of time. It is usually considered to be an indicator of the economic status of a country (or region). The U.S. national debt is increasing, mainly because the U.S. government has a fiscal deficit. In 2018, the U.S. fiscal deficit reached US$1 trillion. To put it simply, if the income cannot meet the expenses, the debt limit can only be continuously raised through the approval of Congress every year. As a result, the scale of U.S. debt is snowballing, growing more and more.

First of all, the United States is borrowing money from all over the world out of necessity. On the one hand, large-scale government tax cuts have been implemented since the Reagan administration. In the Trump era, taxes were cut by 30% for individuals and businesses, reducing government revenue. On the other hand, the U.S. government's expenditures are huge. It spends 800-900 billion U.S. dollars on military expenditures every year. It also needs to promote medical security and education expenditures, and maintain a large number of civil servants. It costs money no matter what.

Furthermore, which country in the world does not have a national debt? The key is a matter of degree. The U.S. GDP has reached 20.5 trillion U.S. dollars, ranking first in the world, which represents the U.S.'s advanced productivity. Although countries like Russia and Venezuela are selling off U.S. Treasury bonds. But most countries still believe that U.S. Treasury bonds have the best creditworthiness in the world. Therefore, it is not that the United States wants to borrow money from all over the world, but that the United States issues Treasury bonds without worrying about being unable to sell them. Since there are still people buying treasury bonds after issuing them, the United States is of course willing to issue treasury bonds to help its own economic construction and social development.

Furthermore, many people believe that U.S. Treasury bonds are mainly purchased by some sovereign countries. In fact, 70% of U.S. Treasury bonds are purchased by the country's financial institutions, the Federal Reserve, companies and residents. Other major countries holding U.S. Treasury bonds include China and Japan. On the surface, it is very risky for U.S. national debt to exceed GDP, but in fact, the main holders of U.S. debt are Wall Street financial institutions. Therefore, if other countries want to sell U.S. debt together, the possibility of having an impact on the U.S. economy is not high. . If you sell it, American financial institutions or other countries will immediately buy it.

Finally, in the face of the continued rise in the scale of U.S. debt, Trump has stated that he will pay off all debt before the end of his second presidential term. Trump’s main source of confidence is the successful development of new energy shale oil. The continental United States has massive shale oil reserves. For this reason, the United States has become the largest producer of oil in the world. In addition, the United States controls a large number of companies that can produce high value-added goods (such as Apple, Qualcomm, Intel, etc.). Even though the scale of the U.S. national debt exceeds GDP, it is still possible to reduce the debt scale to a reasonable area.

The fact that the GDP of the United States is so high shows that the country is very wealthy, but the U.S. government is not necessarily that rich. It often cannot cover its expenses, so the United States does not intentionally borrow money from abroad. At the same time, most countries with bad credit in the world are also issuing national debt. The United States is certainly more capable of issuing national debt to help develop its own economy. More importantly, most of the financial institutions holding U.S. Treasury bonds are financial institutions and residents of the United States. Therefore, as long as the United States controls the scale of its debt, it will not worry about repaying its debt.

The answer is: The GDP of the United States has been ranked first in the world for many years. The GDP in 2017 was 19.3 trillion US dollars, and the per capita GDP was more than 50,000 US dollars. Then why is the U.S. government, already so rich, borrowing money from both domestic (U.S. taxpayers) and foreign (foreign creditors) all year round to survive?

Crazy Trump

The U.S. government did not do this on purpose, but because it was involuntarily and had no choice. For the Federal Reserve, it was indeed deliberate and premeditated. The huge amount of foreign debt of the U.S. government has shocked the American people and countries around the world? This is mainly because:

1. The U.S. government and people have long-standing bad habits: low savings and high consumption. Use the money you haven’t earned in the future to realize today’s various consumer desires and dreams.

U.S. debt: one of the weapons of the Federal Reserve

The consumption concept of the American people is learned from the U.S. government, which is what the Chinese say is "big beam is not right" The beam is crooked. This is mainly because in the 1970s, under the careful planning of the Federal Reserve, the Federal Reserve instigated and controlled the Nixon administration in the United States, and signed and abolished the Bollington Woods Agreement that linked the U.S. dollar to gold.

U.S. Debt: Taxpayers’ Nightmare

Since then, the U.S. government has completely lost the right to issue and control the U.S. dollar and national debt. The U.S. government continues to break through the debt warning line of 40% of GDP and the debt red line of 60%. Now the total domestic and foreign debt of the U.S. government has exceeded US$21 trillion, accounting for about 110% of U.S. GDP.

Moreover, in order to maintain the status quo, the U.S. government must continue to borrow money to survive. As long as the U.S. government exists, it cannot escape the clutches of the Federal Reserve.

Former and current Chairman of the Federal Reserve

2. The U.S. government is firmly controlled by the Federal Reserve. The relationship with the Federal Reserve is a political and financial relationship that exploits each other.

The Federal Reserve has some relationship with the U.S. government in form, but in terms of content, it has nothing to do with the U.S. government. This is mainly because the appointment procedures and formation of the Chairman, Vice Chairman and Committee members of the Federal Reserve have some relationship with the U.S. government and Congress. However, the recommendations and nominees of the main members of the Federal Reserve are determined by the major shareholder controllers of the Federal Reserve. of.

Federal Reserve Building: Home of U.S. Debt

The full name of the Federal Reserve is: The Board of Governors of the Federal Reserve System, referred to as the Federal Reserve. It is a "four different" joint-stock private holdings jointly controlled by a number of private banking groups in the United States and Europe. The Federal Reserve is not a financial institution of the U.S. government, nor the federal central bank, nor a corporate company, nor a private dollar printing house. The Federal Reserve is actually a private central bank and financial management corporation.

U.S. Debt: There are huge risks

3. Most of the money borrowed by the U.S. government is used for military aggression and military bases. , only a small part of the money used for internal military expenditures such as the research and development of weapons and equipment and large-scale purchases is used for people's livelihood.

Most of the U.S. military-industrial conglomerates, military research institutions, military outsourcing companies, military think tanks and consulting companies, the Department of Defense, various services and services headquarters and other senior military-related government officials are affiliated with the U.S. The Wall Street financial consortium, American Jews and the Jewish financial empire in Europe are inextricably linked.

U.S. aircraft carrier: one of the users of U.S. debt

The money used by the U.S. government for military expansion and military aggression, as well as military-related Most of the fiscal expenditures come from various domestic and foreign debt issued by the U.S. government. The U.S. military hegemony and the bottomless pit of debt are evil brothers and will be a nightmare that the U.S. government and people face all the time, because the United States cannot be strong forever.

American Fighter: One of the Money Burners of U.S. Debt

Summary, on the surface, the U.S. government and people are indeed very powerful and wealthy, but in fact They are all powerful in debt and rich in overdraft. Once the United States suffers a major economic crisis due to major economic mistakes, it will inevitably directly affect the rapid decline of the United States' military strength, and the United States' world hegemony will soon come to an end.

The United States is a warlike country that can be said to be invincible in its fights all over the world. Many countries have been destroyed by the United States and are in war. It has plundered the wealth of these countries and continues to send troops to these countries. If it engages in civil war, its military expenditures will naturally be higher. It has troops stationed in more countries and is known as the international police. The protection fees provided by the state diplomats are not enough, and some do not want to pay them, resulting in a shortage of military expenditures. In addition, the loss of its aircraft carrier group With high consumption and a deficit in the national treasury, the only options are to lend and sell national debt to fill the hole.

For example, a boss opens a large restaurant. In fact, he was unable to pay all the costs of the restaurant, so he borrowed money. After making money, he was able to repay the original capital with interest at first. As he spent extravagantly, the restaurant could no longer support it, so he had to borrow again and again. , Borrow, the person who lent him money saw that he owned such a luxurious and huge restaurant, and luckily thought that he could afford to pay it back! If you lend him money, you should treat it as saving money. Don't you know that his restaurant is about to collapse? Let me tell you the most important point, this boss is a gangster, the biggest gangster! If you need someone, you need a gun. Use your money to support him, but you can't do anything to him. Therefore, creditors, quickly refine your own people and build your own guns, otherwise you will be eaten by it forever!

Whether intentionally or intentionally, the debt ratio of the United States is already very high. As of April this year, the total size of the U.S. national debt reached 24 trillion U.S. dollars, setting a record high. The U.S. economic outlook has deteriorated sharply recently and has become extremely uncertain.

The coronavirus outbreak has damaged communities and disrupted economic activity in many countries, including the United States, while global financial conditions have also been significantly affected. The U.S. debt is a time bomb, and it’s becoming increasingly serious!

The coronavirus outbreak has made it possible that the Federal Reserve will switch to buying more long-term bonds to keep long-term Treasury yields low. The U.S. government issues bonds, and the Federal Reserve prints U.S. dollars. The U.S. government is short of money and cannot use printing money to solve the deficit created by government spending. It is short of money and relies on the issuance of public bonds. Issuing money by the Fed only makes government-issued bonds easier to buy and sell, because government bonds are the reserve assets for the currency the Fed issues. In addition to discounts, most of the currency issued by the Federal Reserve relies on open market operations to purchase government bonds as reserve assets.

The United States borrowed so much, why didn’t it collapse? Because through the hegemony of the US dollar, people all over the world support them. Those who are disobedient will either be sanctioned, subverted, or solved by force, to name a few. It’s really hard. people all over the world.

Sometimes the U.S. government needs to do things and needs money. What should we do? We can only issue treasury bonds to meet the needs of government operations and government affairs. Even the issuance of national debt must pass Congress, but it is less difficult to pass than adjusting monetary policy. More importantly, based on the behavior of the United States in the world over the years, especially the strong position of the US dollar, it seems that the issuance of national debt is money that the United States owes others. In fact, the role of this money in helping the United States develop its economy is very huge. Moreover, the United States may adjust the U.S. dollar exchange rate through policies to maximize U.S. interests amidst the fluctuations of the U.S. dollar. Especially in major events such as the financial crisis, the United States can always transfer the crisis to other countries, transferring losses and risks to other countries, while itself suffering minimal losses. This is why dollar hegemony is so shameless.

The United States acquires global wealth through debt issuance, a model that is even more terrifying in times of crisis. Because if the United States uses these to buy goods from other countries that are cheaper due to the falling exchange rate, it is equivalent to the United States borrowing money from other countries to buy their cheap goods.

Nowadays, the Syrian refugees in Libya have not been properly resolved. The United States is holding hands and is only setting fire but not putting out the fire.

The United States goes into battle without any reason, no lower limit, and no moral means to steal our corporate property in the United States. The overseas version of Tiktok is a living example.

The United States, through its trickster Canada, detained our citizens without reason, and teamed up with HSBC to frame Huawei CFO Ms. Meng Wanzhou. The fundamental purpose is to plunder Huawei’s core technology and eliminate China’s high-tech industry in the development stage.

The United States blatantly instigates other countries to suppress China's high-tech enterprises, shamelessly cuts off the supply of related products, has no regard for the so-called freedom and democracy it has flaunted to the world for many years, and attempts to stifle China's high-tech development. This is naked Shameless person!

The Federal Reserve is not the only one buying public bonds issued by the U.S. government. The Federal Reserve has only digested a small part of the 24 trillion public bonds, about 5 trillion. In addition to being held by foreign reserves, most of the other public debt is held by U.S. institutions and nationals. The first largest creditor: China, the second largest creditor: Japan, the third largest creditor: Brazil, the fourth largest creditor: Ireland, the fifth largest creditor: the United Kingdom. China gave up its position as the largest overseas holder of U.S. debt in June 2019, and Japan took over this position. The Federal Reserve has become the largest buyer of U.S. debt.

If the Fed is allowed to issue more currency and absorb all the government bonds issued, the Fed will be forced to issue more than 21 trillion US dollars. Now the Fed has issued 4.5 trillion US dollars, and it will issue so much more. It is the consequence of completely closing the door.

The top five major creditors "joined forces" to sell their bonds. Since this year, many countries have stepped up their efforts to reduce their holdings of U.S. debt. The most representative one is Russia, which has "cleared out" its U.S. debt. Since then, Following Russia's lead, Turkey has also withdrawn from the list of major debt holders.

The outlook for the U.S. economy during the COVID-19 epidemic is very worrying. The epidemic is expected to continue to suppress economic growth and impact the financial system. Deficit means that we need to borrow money to make ends meet, and borrowing money means paying interest to creditors. Whenever the new fiscal year comes in October, the federal government's budget will always expand, and the scale of borrowing will also expand, that is, the debt ceiling will be raised.

Whenever the Finance Minister carefully submits a list of demands to Congress, the two parties will not vote to pass it without fighting for 300 rounds. If it doesn’t go through the government, there will be no money to spend. If there is no money to spend, all departments of the federal government will have to close down. Many shutdowns in history have occurred in the days around October 1st.

Come on, motherland, speed up the digitization of the RMB and speed up the internationalization! People all over the world unite to end the evil dollar hegemony!

It’s not intentional. Although the United States has a high GDP, Americans like to consume like crazy. They spend money when they have it and borrow it after spending it. Therefore, there is a phenomenon of borrowing money all over the world. In fact, the United States just echoes the saying in our rural areas: horse shit is shiny on the outside but full of chaff on the inside.