Thousands of American millionaires fleeing overnight? US media: Us debt or will be cleared

Just on Feb. 5, the U.S. Department of Labor released a staggering figure that nearly 470,000 non-farm payrolls have been added to the U.S. in the past month. In addition, the growth rate of average hourly wages has also reached 5.7%, up from 5% in December last year, a phenomenon that has surprised many economists and further exacerbated investors' concerns that the Fed will fight inflation faster. In general, the growth rate of average hourly earnings reflects the lingering concerns of inflationary pressures, and the Fed has been viewing inflation as a temporary phenomenon for the past year, but today's growth seems to be a little too fast.

It is reported that after the RELEASE OF THE DATA BY THE US DEPARTMENT OF LABOR, Wall Street also bet on the Fed to raise interest rates, according to relevant reports, Wall Street will raise interest rates for the Fed by 50 basis points in March this year. In addition, bank of the United States also once again stressed that the Fed will make a decision to raise interest rates at the remaining policy meetings this year.

The data has been released, quickly let the price of U.S. Treasury bonds fall sharply, resulting in a sharp recovery in short-term Treasury yields, hitting a new high in the past two years, on February 5, local time in the United States, the total debt displayed on the real-time clock of U.S. Federal Treasury bonds has broken through the mark of three trillion US dollars, and this number is still rising, in short, the United States owes more and more debt. So whose pot is this?

Previously, the famous American economist Ruff clearly pointed out in an interview with the media that there are already very serious problems in the us economic structure today, and the US government's policy of indiscriminately issuing banknotes is likely to make the United States usher in a more terrifying financial crisis in the future than in 2008. In addition, Ralph also issued a document saying that a series of operations in the US federal borrowing and spending have turned the US dollar into a monopoly currency, in its view, the current federal government in addition to sitting on $30 trillion in debt, but also must add a total of about 3.2 trillion US dollars of state and local government debt, including Social Security and Health Insurance and other future commitments to pay, the US debt assets will reach the 200 trillion US dollar mark.

According to a report released on the 28th of last month on the website of the US Treasury Department, in the past 2021, the US fiscal deficit hit a new high in recent years, reaching the second highest level in history of $2.8 trillion, and the total US federal debt of $30 trillion was nearly thirty percent higher than the total GDP of about $23 trillion in the United States.

According to new domestic immigration data released by the IRS on February 5, the soaring national debt has also reduced the number of rich people in New York and the surrounding area at a rate visible to the naked eye, some of them in bankruptcy, but most of the rich have chosen to leave. In the case of Illinois, for example, more than 180,000 people, including nearly 8,000 millionaires, have left in the past year, and some experts say that if the Biden administration remains unable to turn things around, the United States will eventually become a country without rich people.