In the United States in 2024, the Great Depression 2.0 is about to be staged? A flurry of data and facts has begun to kick off the show.
A recent headline suggests that the United States could suffer an economic collapse worse than the Great Depression in 2024. This is not windless news, but is based on a worrying set of economic data.
According to a report by the US Fox News Network on the 5th, the current US economy has entered a dangerous zone. Over the past three quarters, the growth rate of the M2 money supply in the United States has been negative. In simple terms, this means that cash and short-term deposits are drastically decreasing. If we look back at history, this only happened in the early '30s, at the height of the Great Depression.
But now, the situation seems more complicated. Although the money supply is falling, prices have not stopped rising. As a result, more and more American families are under financial pressure, and they have to dip into their savings and even take on heavy debts just to make ends meet.
Much of this is due to the economic policies of the US government in recent years. In 2020, when the pandemic swept the world, in order to save the economy, the US government aggressively increased its debt and began printing money in large quantities. At the same time, the Fed has also launched an unprecedented money injection program.
Although this has worked in the short term, in the long run, this policy has brought great economic risks to the United States. Especially when inflation soared to its highest point in four decades, the Fed had to raise interest rates 11 times in a row in order to stabilize the economy, which undoubtedly put more pressure on American families who were already struggling economically.
So the question arises, why is this the case in the United States? Looking back at history, before every economic crisis, wasn't monetary policy too loose? This time, the United States also specially referred to the "classic case", that is, the Great Depression of the last century. We know that the economic crisis almost destroyed the entire Western economic system, and now the United States, does it want to "revisit the classics" again?
To be honest, as ordinary migrant workers, we are most concerned about prices and daily expenses. This economic collapse is really an unprecedented pressure for American families. Imagine that your salary is not rising, but prices are soaring, and you have to worry about daily expenses every month.
So, who is "operating" behind this crisis? It turns out that everything is connected with the radical economic policy of the United States. In response to the epidemic, the US government and the Federal Reserve joined forces to play a "big release". Isn't this sacrificing the long-term future for the sake of immediate interests?
At the same time, we also see that after the new government came to power, it did not adjust its strategy in time, but became more indulgent. Under such circumstances, how can inflation not come? Isn't this how the savings of the American people are being eaten away?
But why should we care about the American economy? The answer is simple, because the global economy is at stake. Remember the subprime mortgage crisis in 2008? At that time, the financial turmoil in the United States almost affected the whole world. Now, this upcoming economic collapse in 2024, is it an opportunity or a challenge for us?
#今日头条#