The U.S. Congress passed two bills last week, both of which basically have something to do with Russia, the first bill is that the United States will continue to provide $61 billion in aid to Ukraine, and the passage of this bill means that the Russian-Ukrainian conflict will continue for a long time!
The second bill is to introduce a new sanctions policy, which stipulates that when the conflict between Russia and Ukraine reaches a certain point, the United States can use the freezing of Russian assets to aid Ukraine, and the United States is likely to take the lead in using Russia's foreign exchange reserve funds.
What are the consequences of this move by the United States?
In fact, when the conflict between Russia and Ukraine and the United States confiscated Russia's overseas assets and foreign exchange reserves, almost all mainstream countries in the world saw the risks, especially China, which is particularly important!
Although the United States has froze Russia's overseas assets and foreign exchange reserves, it has dealt a huge blow to Russia, but this is a means to hurt the enemy and damage itself, and if the US dollar, as the world's international currency, and the US Federal Reserve, as the US dollar management agency, cannot be fair and just at the critical moment, then the US dollar's international monetary status is bound to be shaken.
In fact, after the outbreak of the Russia-Ukraine conflict in 2022, there has been a trend of de-dollarization around the world, although this trend has not caused much wind now, but those countries with independent sovereignty are still trying to achieve this!
Today, the scale of foreign debt issued by the United States has reached 34 trillion yuan, and it is growing rapidly at a scale of 3.4 trillion yuan per year, and the interest that the United States has to pay for US bonds every year is as high as nearly 2 trillion yuan.
Today's U.S. can only watch as U.S. debt rolls up with high interest rates, until one day the U.S. national credit goes bankrupt and the whole country falls apart.
The U.S. government understands the crisis, but now the U.S. is so hard to turn back that all they do is try to prolong the process!
The U.S. has been trying to profit from other countries' sovereign reserves in recent years, and Russia's invasion of Ukraine has given the U.S. a reason to freeze Russia's foreign exchange reserves, but it has left China with concern.
In recent years, China has been shrinking its foreign exchange reserves, and at the same time, the sell-off of US bonds has never stopped, and in the past two months, China has continuously sold US bonds, and now the size of US bonds in China's hands has dropped from 1.3 trillion at its peak to less than 800 billion today, which fully explains China's attitude towards US bonds.
In the past year, US politicians have frequently visited China, and a large part of their purpose is to solve the problem of US debt. Of course, as an international trading power, although China's foreign exchange reserves have been growing slightly, with the acceleration of the process of de-Americanization, it is believed that China's foreign exchange reserves will be further reduced in the next step!
In today's international trade relations, India has made a lot of money by buying Russian energy and selling it to Europe, but India has weakened India's military cooperation with Russia because they have complied with the wishes of the United States, and insisted on treating China as a hostile object, maintaining a high degree of consistency with the general direction of the United States, so the United States has not taken any action against India!
Why is India's development unsustainable?
This has made many Indians mistakenly believe that as long as India continues to follow the wishes of the United States, and as long as it does not contradict the United States in its fundamental position, the United States will not raise its butcher's knife against India!
India now has a demographic dividend far beyond China, has geopolitical relations that are countless times better than China, and has a better geographical location than China.
Therefore, both the Modi government and the Indian people firmly believe that as long as India continues to develop according to the current situation, it may not be long before they will surpass China and become the world's second largest economy!
But in fact, the Indians have clearly misjudged the current international situation, and even though India is now a close ally of the United States and the West, and acts according to the subjective will of the United States, this does not mean that the United States will see India develop as rapidly as China did in the past.
The rise of China occurred in the final stage of the struggle for hegemony between the United States and the Soviet Union, when the United States defeated the Soviet Union, which had been competing with them for more than 40 years, and then under various coincidences, and at the same time, the United States was immersed in the pride and arrogance after defeating a strong enemy, which allowed China to have a golden period of rapid development for nearly 20 years!
But now the United States has obviously come to its senses, they realize that in the past 20 years of enjoying victory, China has become full-fledged and powerful, and now when the United States wants to turn around against China, it finds that it is difficult for them to completely suppress this eastern power!
With this lesson from the past, will the United States still allow India to expand and develop? It is true that the United States now needs India to encircle, pursue, and intercept China geopolitically, but when India's economic development reaches a certain threshold, the United States will certainly not hesitate to stretch out its butcher's knife!
After all, the United States is now on the verge of survival, and when they cannot obtain huge benefits from China and Russia, their allies are their best harvesting targets, think of Japan, which has not grown economically for 30 years, and think of Europe, where national assets have been harvested repeatedly, India must be ready to become a lamb!
And there seem to be sober politicians in India, a former Indian diplomat published an article in the Indian media, entitled The United States will not allow another China to appear in Asia, the official said that this is the biggest development bottleneck that India will face today!