Two days ago, the official news of the United States said that by the end of 2023, the total amount of the US national debt will exceed 34 trillion US dollars, which is a great event for the whole world, what does this mean for the United States today?
Many people ask, why did they borrow so much money, where did they spend it, and what bad things have they done in the past few years?
According to the news released by the U.S. Treasury Department on January 2, Beijing time, by the end of 2023, the total U.S. national debt has reached 34 trillion US dollars, such a historical peak.
Many friends don't quite understand, is the United States really short of money, why is it borrowing so much money?
In fact, the United States, as the world's largest economy and the richest country, was originally not short of money, but in recent years, they have done a lot of great things and lost all their money.
When the United States borrows money, it certainly wants to do good things, but it may not be good for other countries and the world.
In 2021, when the current US President Joe Biden first took office, the total US debt was only 23 trillion US dollars, and it reached 34 trillion US dollars in three years, an increase of 11 trillion US dollars, which is also a record, and no president has ever borrowed so frantically before.
This is a very real reflection of the anxiety and eagerness of Americans in the context of the decline of national power today. As former President Donald Trump put it, "America must be great again."
Both want to make America great again, but Biden and Trump have taken completely different paths. Trump has followed a far-right conservative line, that is, maximizing domestic priorities in the United States, reducing foreign aid, and pushing manufacturing back to the United States.
Biden has become more eager and aggressive, aggressively increasing his outward expansion, creating instability around the world and plundering global resources, while pushing for dollar interest rate hikes to plunder global wealth and stimulate the economy by throwing a lot of money at it.
Specifically, the United States has used the $11 trillion it borrowed to do three major things in three years.
The first major thing is to increase military spending, increase foreign military intervention, create tensions, and push dollars and manufacturing back to the United States, which is a more blatant plunder.
Military strength is the biggest guarantee for U.S. foreign expansion, with U.S. military spending of $738 billion in 2020 and a record $886 billion in 2024, an increase of 20%.
The logic is clear: the United States wants to create tensions around the world, make the United States the only safe place in the world, and accelerate the return of dollar capital and manufacturing to the United States.
In essence, this is no different from the plundering methods of the colonial era, except that it is more hidden.
The second major event is to increase the fiscal deficit, stimulate the economy, and hedge against the negative impact of the US dollar's interest rate hikes.
Since 2021, the United States has implemented a series of programs to throw money at American companies and residents, and has kept the U.S. economy from a major recession against the backdrop of the dollar's interest rate hike.
As we said before, this method is to shrink the global currency by raising interest rates in the US dollar, but in the US through a large fiscal deficit.
The investment in this area is about 6 trillion US dollars.
The third major event is to revitalize the manufacturing and infrastructure construction of the United States and strengthen the competition in science and technology.
After Biden took office, he continued many of the policies of the Trump era, the most important of which is to revitalize the manufacturing and large infrastructure in the United States, which is the consensus of American society.
If the hollowed out United States does not strengthen its industry, it may not be able to withstand the impact of the next economic crisis or war. Some people say that today's United States cannot even produce ammunition for a medium- to high-intensity war.
The investment in this area is about 4 trillion US dollars.
We can see very clearly that, from the perspective of the Americans, strengthening the military, stimulating the economy, revitalizing industry, and improving scientific research are all good policies for enriching the country and strengthening the army.
However, the results we have seen have backfired, and the United States has been plunged into a deeper and deeper crisis.
There are three very serious problems here: The first is that the Americans are too eager to complete all this, and such a huge plan is objectively a gradual process, which should have taken 10 or even more than 20 years to complete gradually, but they want to complete it in two or three years.
This is because the Americans are facing strong competitive pressure, and their national strength is declining day by day but they are powerless to stop it, so they have to take a shot in the arm and try to forcibly continue their lives.
The second problem is that these methods of the United States are based on plundering others, and they are destined to be seen through by the people of the world, but they will lose more support and lose more than they gain.
The United States was once a symbol of democracy, freedom, and equality, and based on this principle and image, it has built powerful alliances around the world, but what it has done in the past few years has directly shaken the country's foundation and can only accelerate the decline of the United States.
In the past two years, many of the values and practices of the United States have become increasingly disagreeable with even their closest allies.
The third issue is the crisis of the US debt itself, which the United States can no longer afford, and there is no need to talk more about this.
Therefore, it is obvious that behind the US debt exceeding 34 trillion yuan, these three major things done by the United States not only failed to enrich the country and strengthen the army, but accelerated its decline.
This is the darkness before the dawn, the last madness of the old forces, and a forced attempt to set things right in the world.
After the United States, the new world will be an era of more equality and mutually beneficial cooperation.