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Since the Biden administration took office in early 2021, until today, the epidemic situation in the United States has indeed gradually improved, and the US economy has slowly come out of the depression. As more dollars are put into the market, so do prices in the United States. In March, the U.S. government just passed a $19 trillion bailout bill. At a time when the prospects are promising, the United States and the Biden administration have ushered in serious inflation.
In fact, the US economy out of the depression and today's inflation are actually inseparable from the crazy printing of money by the Federal Reserve and the crazy release of money by the US government. In this situation, Americans began to choose to hoard Chinese goods because of the high price of domestic goods. In stores from all over the world, many of the products are from China. Americans hoard Chinese goods mainly because of the high prices of their own goods.
In the context of this rising prices, Chinese goods are gradually favored by the American people because of their inextricable economic cooperation with the United States. Mainland goods are not only relatively low in price, but also of excellent quality, which makes them the choice of the American people while the prices of foreign goods generally rise. The mainland has always adhered to open cooperation and improved its ability to be independent and self-reliant, so it has relatively low dependence on other countries, including the United States.
In the process of consumption, in addition to price, quality is also a very important factor. In the inflation of the United States, it affects not only prices, but also the livelihood behind prices. The depreciation of the dollar for the rich and middle classes could spill over into their daily lives. Even more frustrating for the poor is the challenge posed by the depreciation of the dollar to their survival in society.
The poor face even greater pressure when they are already unable to feed themselves. As the dollar depreciates, more and more poor people may be evicted from renting out their homes and have to adapt to a lonely street life. Inflation in the United States is not just today, and there have been two or three economic crises before that. This inflation caused by the US dollar may increase the distrust of the US dollar in all countries in the world.
The U.S. economy today looks thriving on the surface, but in fact it is riddled with holes. In this democracy, the rich, the middle class and even the poor are worried about inflation. America's rich and middle class are worried about inflation, and the lives of the poor will be more difficult and miserable. Behind this seeming prosperity lies in fact hidden worries about the future.
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