laitimes

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

author:Chinese studies are brilliant

In 2020, the new crown virus is raging around the world, and the United States, which has always regarded itself as a global hegemon, has obviously hindered its economic development and has declined seriously.

After entering the post-epidemic era, the US economy has continued to be sluggish, so it has begun to hope that China will come to the rescue.

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

However, because we have "learned" too many robbery acts in the United States before, we have directly thrown a list to the United States this time - only by solving the problems on the list can we talk further, otherwise everything will be exempt from talking!

Why is the once invincible and aggressive United States now unable to hold out?

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

The frequent loss of the epidemic defense line in the United States, coupled with the leak of the Fort Detrick scandal, has put the United States on the cusp of the storm for a while.

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

Even now that the epidemic has entered a period of normalization, the number of new cases is still high, which has not only brought great damage to the physical and mental health of the American people, but also has a huge impact on the US economy.

According to statistics, the US GDP in 2020 is negative growth, thus entering a period of sustained economic downturn, but even so, the United States still prides itself on being the "world policeman" and "the beacon of democracy", and everywhere "provokes wrong", just because there is "capital" behind the support.

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

<h1 class="pgc-h-arrow-right" data-track="65" > a bandit-style dollar system</h1>

Although the United States suffered serious losses in World War II, it should not be ignored that the United States itself was not the main battlefield of World War II, so its own war damage was not serious, and before the outbreak of World War II, the United States had actually developed into a role that could sit on an equal footing with the old capitalist powers such as Britain and France, coupled with its perfect and developed machine manufacturing system, so the United States actually became a vested interest during World War II.

According to statistics, throughout World War II, the United States provided the Soviet Union with a total price of about $11 billion in arms and daily necessities, and more intuitive data show that from 1940 to 1944, the growth rate of industrial gdp in the United States increased at a staggering figure of nearly 17% per year, and its GDP also soared from $88.6 billion before the outbreak of World War II in 1939 to $135 billion after the end of World War II in 1945.

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

It can be seen that World War II had a devastating impact on the financial economy of most countries in the world, but the United States made a lot of war wealth in this cruel world war, which also made the United States the richest and most powerful country in the world after the war.

However, it is not only this that can influence the United States to dominate the world for decades in the future, or even control the trend of the global financial economy for decades, but more importantly, the United States has used other allies to continuously exert its military, political and economic influence on Europe and the Asia-Pacific region during and after World War II, and thus began to build a set of global financial system with the US dollar as the core, which is known as the "Bretton Woods system".

The system mainly includes two world financial institutions, the International Monetary Fund and the World Bank, with the US dollar as the core, and later the General Agreement on Tariffs and Trade. That is, the subsequent WTO was included, which can be said to be a huge financial organization that can include the global financial system.

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

In this system, the us dollar is directly pegged to gold, and the currencies of the world are pegged to the US dollar, which directly makes the US dollar the world currency, and the US government enjoys the privilege of printing US dollars with the blessing of gold.

In addition, the currencies of member states maintain a fixed exchange rate with the US dollar, which is what we often call the fixed exchange rate system, which can ensure the prominent role of the US dollar in world trade, and the US government enjoys the privilege of adjusting the US dollar exchange rate at any time.

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

From these two provisions alone, it is clear that the US dollar has become a currency affecting the global financial economy, and the rogue rule that shows the rogue behavior of the United States is that the power of member states is determined according to the amount of membership fees.

In this way, the United States, as the richest country, naturally controls the two major financial institutions for a long time and holds the right to speak in the "Bretton Woods system".

So, why does the United States repeatedly seek economic assistance from the Chinese Government in the new century, and even take the initiative to negotiate with China while constantly suppressing China?

The reason is simple, that is, the world financial system dominated by the United States has changed, and the absolute advantage of the dollar over the currencies of the world's major countries has ceased to exist.

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

<h1 class="pgc-h-arrow-right" data-track="66" > system on the verge of collapse</h1>

In the 60s and 70s of the last century, due to the implementation of the policy of global expansion, the struggle for hegemony between the United States and the Soviet Union, and the Vietnam War, the United States had to choose a policy of contraction.

In particular, the dollar crisis broke out in July 1971, Nixon announced in August that the dollar would stop exchanging gold, and the release of the Smithsonian Agreement in December marked the collapse of the Bretton Woods system.

After this, although the US dollar enjoyed the privileged position of global currency, due to the existence of the fundamental production contradictions of capitalism, especially the serious false prosperity of the US financial economy, the frequency of outbreaks of ECONOMIC crises in the United States was increasing.

To this end, the US government has to print US dollars on a large scale, so that the credit of the US dollar continues to decline, so that the United States has been unable to solve the economic crisis from simply printing US dollars, so it has to choose other countries for economic assistance.

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

Among them, China has a huge economy and huge market potential, so the United States has begun to target China.

<h1 class="pgc-h-arrow-right" data-track="67" > "Farmer and Snake", the shameful act of the United States against China</h1>

The fact that the United States was able to have such a strong financial system today, in addition to the strong dominance of the dollar under the Bretton Woods system, also has an important relationship with the deep tradition of "borrowing money" in the United States.

As early as the American Revolutionary War, because its main domestic financial system was controlled by British colonists, the Americans at that time had no money to fight at all.

However, in order to achieve national independence and liberation, at the "Continental Congress" at the beginning of the War of Independence, the main government officials began to discuss "borrowing money" to win the War of Independence, and according to statistics, the United States at that time borrowed 75 million US dollars from the capitalists on its own, the Netherlands and France overseas, which provided a material basis for its war of independence to continue and achieve final victory.

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

On the one hand, China has become the largest creditor of the United States, and on the other hand, the United States smiles whenever it asks for financial assistance from the Chinese government, but when it solves the problem, it turns its face to China and does not recognize anyone. But this is also the consistent style of the United States.

After the victory in the Revolutionary War, there were two voices within the United States about this foreign debt

One is the "bad debt" that Jefferson, the father of the nation, said, that is, although I borrowed money, but now that I am independent, I will not pay back the money, which is a typical rogue bandit idea.

The other is Hamilton's claim of honesty, which he believes is that if the United States relies on this foreign debt, it will be that the newly formed government has lost its basic integrity, and the future development of the world will be difficult.

In 1790, the U.S. government also introduced the first batch of treasury bonds in order to raise funds, which amounted to about the same amount as this foreign debt, reaching $71.99 million, and then the sale of treasury bonds became the most basic way for the U.S. government to raise funds.

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

Returning to the Sino-US debt relationship, as early as 2008, when the economic crisis first broke out in the United States and quickly swept across the entire capitalist world, the US government took the initiative to seek economic assistance from the Chinese government in order to get out of the quagmire as soon as possible.

At that time, China actually suffered an impact, but fortunately, the government was able to quickly strengthen the means of expanding domestic demand, and the impact was much smaller than that of the United States, in order to reverse the decline of the world economy as soon as possible, the Chinese government bought a large number of US Treasury bonds to help the US government tide over the economic difficulties.

The Center for Geoeconomic Research of the Council on Foreign Relations also released a set of data that year

That is, the Chinese government held up to $2.3 trillion in overseas funds at that time, of which 70% were dollar-denominated assets, which meant that 40% of China's GDP at that time was invested in the United States.

The report also states that "China is the largest creditor of the United States," and that after more than a decade of development, China's impact on the U.S. economy has been unabated.

However, even though China has helped the United States so much, the US government still does not understand people's hearts and minds, and has been staging the story of "farmer and snake".

For example, in 2008, China bought a large number of US Treasury bonds to help the United States tide over the difficulties, but when the US government economy improved, it not only restarted anti-China measures, but also launched the "DOLLAR interest rate hike" policy, which made the US foreign debt purchased by China at that time rapidly depreciate and suffer heavy losses.

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

This is also an important reason why Chinese representatives have been so tough in their attitude in the two negotiations this year.

In the past few decades, the vane of world economic development has mainly been on the United States, and the US dollar has also enjoyed unprecedented privileges because it is directly linked to gold and the exchange rate of various currencies, which also makes the US government have no fear.

In the face of economic crisis, thanks to the unique monetary status of the US dollar, the US government can continue to print a large number of banknotes, using stimulating economic means, completely ignoring the depreciation brought about by the soaring dollar.

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

They care about the collective interests of their own capitalists and politicians, and when the United States prints money on a large scale, it also means that the United States is using the condition of the using the dollar as the world's currency to transfer the economic crisis to other countries and let other countries help the United States share the economic crisis.

The economic crisis of 2008 was the result of the U.S. government's banditry.

Now, under the impact of the new crown epidemic, the US government's protection is unfavorable, and the new crown pneumonia that has been erupting for a year has still not been effectively controlled, and the number of new cases has remained at around hundreds of thousands of people every day, which has seriously hindered the US economy.

In this regard, the United States once again thought of China, a "rich man", but the Chinese government seems to have realized the true face of the United States.

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

Therefore, after the two negotiations, China threw a list to the United States, which has requirements related to national security, stopped extraditing Meng Wanzhou, and stopped suppressing Chinese enterprises, which are mainly divided into two aspects from the perspective of the content of the list, one is to require the United States to immediately revoke and correct its erroneous China policy, and the other is to require the United States to immediately recognize the mistakes made in individual incidents against China.

The purpose of the two lists is to enable the United States to recognize its own problems before negotiations and to put an end to the banditry of the United States that fraudulently obtains aid.

Although today's United States is rated by some experts as "the rivers are falling", "the skinny camel is bigger than the horse", the United States has a strong financial system and industrial manufacturing system, so its strong family foundation will inevitably be able to support the United States this giant ship to continue to move forward.

However, if the United States insists on continuing its banditry, then what awaits the United States is bound to be the end of rebellion.

The United States can't stand it? The double crisis of inflation and debt turned to China for help, and China only threw out a list of the robber-style dollar system on the verge of collapse, "farmers and snakes", and the shameful behavior of the United States against China

Read on