U.S. Debt Crisis: Global Financial Quake Looms, What's Next for America?
Let's first discuss the operation of waging war. Isn't this just the logic of a bandit? Beat down the countries that owe money, then slap the table and say, "Don't anyone mention the matter of repaying the money to me. If you talk more, I'll make you pay both the principal and interest!" If this were in ancient times, it would be called "the government." Modern people speak of civilization and understand the rule of law; how could they do such a thing?
If we go crazy printing money, I think the US dollar will become waste paper in a minute. At that time, let alone 45 trillion, even 450 trillion would be an astronomical figure. The money in the hands of the common people would be like wallpaper, and the United States would have to deal with the mess of inflation. Isn't this digging a hole for oneself?
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The move to raise taxes, I'm afraid the United States is going to overturn the table. Why should the money I earn hard be paid to the government in taxes? If taxes are too high, everyone can't afford to consume, and the economy will not be able to recover, right? Isn't social contradiction more intensified?
Save money everywhere, and the government closes down. Pensions, medical insurance, and the like are all canceled, and there is nothing in infrastructure and education. The common people can't live, and they still expect them to be obedient? Riots are bound to happen sooner or later.
If the United States sells its property, who will it sell to? Sell to China? Then it becomes "Chinatown"? Sell to Russia? Then it becomes "Little Moscow"? After this sale, does America still have the surname "American"?
Globalization has made the United States the world's leader and earned a lot of money. But foreign friends have also awakened, why should we work hard as cattle and horses, and you are counting the money in the United States? Globalization is not an easy road to take.
Reform the financial system and adjust monetary policy. If this fails, it will be terrible. Wall Street financial sharks are all anxious, and the stock market, foreign exchange market, and futures market are chaotic. The US economy can't hold on immediately.
Whether technological development is reliable is an unknown. Isn't this "afraid of fire for three years, afraid of water for ten years"? Relying on technology to fill the huge hole of 45 trillion is not a daydream, right? Even if there is such a magical technology, how long will it take to take effect?
The United States is humble and asks others to discuss repaying the money, which is not a solution. When the creditors see that you need help, they will definitely ask for a high price, and the conditions are very harsh. Where can the United States put such a big face?
The most shameless thing is to be shameless! What is being shameless? It is to enjoy the payment of foreign currencies such as the yuan and yen with high pillows and无忧, and to play with the exchange rate at will, not repaying a cent. But others are not vegetarians, if they turn their faces, isn't the life of the United States getting more and more difficult?If the United States relies on developing new industries to pay off its debts, just how vast a market would that require? A staggering $45 trillion – that's no small sum. With competition being so fierce, it's hard to imagine making that much money in a short period of time.
Attracting foreign investment is a good idea, but there's a catch: they'll have conditions. Once they're involved, they'll want a share of the profits. Would the United States still have the final say? National sovereignty is the lifeblood of every nation.
Seeking help from international organizations, would they not consider America's pride? They would surely demand concessions, a share in decision-making power. For a major power like the U.S., this is just too embarrassing.
$45 trillion – this number is truly daunting. Honestly, the U.S. is in a dilemma. Every path seems difficult. It seems the U.S. has hit a tough spot this time. What should they do? It appears they must blaze a new trail, come up with a fresh approach; otherwise, the consequences could be dire!