Chapter 12 The United States cannot be allowed to kidnap the world

According to the traditional habits of the Chinese, unless there are special circumstances, they are generally unwilling to borrow money from others. However, the situation has changed a lot in recent years.A few years ago, I met a friend who was acquainted.In fact, our usual contact is not too close. We disappeared for a while and met occasionally.It is said that he is engaged in a big project, and he is about to make a fortune.I sincerely hope that all the friends around me can make a fortune. If one day I am short of money, wouldn’t it be more convenient to find someone to borrow money?A few days later, the friend called me, saying that there was something urgent and I was short of thousands of dollars temporarily, and asked if I could help.Coincidentally, I just paid my salary, let's see how well he manages his time.It is also appropriate for a friend to help temporarily when he is in trouble, so I said: Come and get it.Thousands of dollars were borrowed, and then there was no news for two or three years.During this period, I made occasional phone calls. I felt embarrassed and didn’t have the nerve to bring up the matter of repaying the money. Thousands of dollars would not hurt my nerves. I knew that the other party was still in Beijing and was still working on a big project. He was very busy, so it was inconvenient to rush him. But my heart is always uncomfortable.

Once I was eating in a restaurant, and I happened to meet him who was also inviting others to dinner.After greeting each other, the guests from both sides introduced each other. I was moved and said to everyone: I was supposed to treat guests today, but unexpectedly I met someone who paid for me.The friend was a little embarrassed, and quietly returned half of it to me while other people couldn't see it. If the amount of borrowed money is larger, such as tens of thousands or hundreds of thousands, if the other party does not pay back, it is estimated that it will go to court.I often say to people: Lending money to a friend now will end up with either the money gone, or the friend gone, or both.However, if the amount of borrowed money is large, millions or tens of millions, even if the friend is gone, the money cannot be lost!Therefore, once such a thing happens, not to mention hurt feelings, the result of a lawsuit is nothing more than freezing property and auctioning assets, the purpose is to get the money back.But, going one step further, what if a person borrows a huge amount of money, which exceeds all his assets, and is not enough to repay the debt even after being auctioned off?

For example.Now there are many people who borrow from the bank. Suppose you borrow 100,000 from the bank. If you don’t pay it back, the bank will use various methods to force you to pay back the money, go to court, seize it, auction it, etc., until your assets are turned into money. Return it to the bank.However, if you borrow 1 billion from the bank, and all your assets are auctioned for less than 1 billion, what will happen to the bank?To be honest, you are the boss at this time.As long as you put on an attitude of "whether you want money or not, you want your life", the bank can't wait to send bodyguards to follow you every day, for fear that one day you will be murdered, run away, or commit suicide.The bank will say good things to you, begging you to pay back part of it even if you can’t pay it all.If you say to the bank at this time: lend me another 100 million, or I won’t be able to make money to repay your original 1 billion, maybe the bank will agree.Therefore, in modern society, borrowing money is either not done, or a huge amount of money must be borrowed if it is done.Borrowing small money is looked down upon by others, but borrowing big money until you can't pay it back at all, you are a hero, a talent, and a rare animal under key protection.This is the case in America today.

How much debt does the United States owe? A recent article in "China Economic Weekly" signed by Niu Wenxin, "The United States is Technically Bankrupt" has settled the debt of the United States.The article stated that the national nominal debt accepted by the U.S. Congress is 11.2 trillion U.S. dollars, and the U.S. GDP is 13.8 trillion U.S. dollars.The internationally recognized national security debt ratio is 60%, but the United States has actually reached 81.6%.Of course, in terms of national debt ratio, some countries are higher than the United States.This article quotes others who say that the US actually has much more debt than that.David Walker, president of a foundation in the United States, estimated that if the U.S. government's social security arrears and other hidden debts are added together, in 2007, the actual total debt of the United States was as high as 53 trillion U.S. dollars.What concept? In 2007, the global GDP was 54.3 trillion US dollars, that is to say, the debt owed by the United States has already made the global debt ratio close to 100%.The average American owes $175,000 in debt.If spread over the whole world, the average debt owed by each person is 9,000 US dollars.You must know that there are countless people in the world who will not earn $9,000 in their entire lives.

But this is not the whole of the U.S. debt. The article introduces that if the mortgage bonds such as the "F&F bonds" are added to the corporate, government, and municipal bonds issued by major consortiums in the U.S., the total debt of the U.S. is about 73 trillion yuan. Dollar.Calculated according to the fair market price in 2007, the total market value of all assets in the United States is about 76 trillion US dollars.Since the subprime mortgage crisis in 2007, the entire assets of the United States have shrunk, and now there are at most 50 trillion US dollars.In other words, the United States currently owes $76 trillion in debt, and its total assets are only $50 trillion. If the United States is auctioned off, it will be insolvent.If this happens in any country, the country must be bankrupt.

So why didn't the United States go bankrupt?This is what I said earlier. In today's society, you either don't borrow money, or you open your mouth so that others dare not let you go bankrupt.The U.S. can do this only because of the special status of the U.S. dollar in the world. It makes the whole world inseparable from the U.S. dollar. Other countries have to hold a large amount of U.S. dollar debt. If the U.S. goes bankrupt, other countries will also go bankrupt .Therefore, the United States has in fact kidnapped the whole world.How can the United States kidnap the whole world?Because it has huge force, it forces the whole world to accept the US IOU—the US dollar.If we compare the whole world to a bazaar, the United States is like the boss of the underworld in this market. He gives a white note to every stall owner and takes away other people's things.People may believe that he can repay, and sometimes he does repay a little; people may not dare not accept white papers from the United States, because he may use force, this bazaar has no strong managers, and there is no fair law. About this bazaar.Today, every stall owner knows that the boss of the underworld in the United States is unable to pay back all the American IOUs. Seeing that the American IOUs are about to become waste paper, people have no choice but to protect him temporarily.

Some people always say that as long as you learn from the United States, you will be strong.In fact, it is not the case. If you understand the way the United States makes money, steals money, and cheats money, and understands the way the United States kidnaps the world, you should understand that the United States cannot learn from it.A country that learns from the United States cannot become a second United States. At most, it can be a small follower or pony of the underworld boss of the United States, helping it bully people together and sharing a little sweetness.To understand economic globalization in this sense, the essence is to make the bazaars bigger, and the United States can get more things from IOUs.

So can this parasitic way of life in the United States last? Parasites live by consuming nutrients from their hosts.When the nutrient intake of the host is greater than the consumption of the parasite, the problem is not too big for the time being.If it is reversed, the parasite consumes more nutrients than the host takes in, and the host will gradually lose weight.If it is not treated in time and the parasites are not removed in time, the host will eventually die, and by then, the parasites will also die.America is such a parasite.The economic model of the United States is a cancer of the world economy. We cannot tell whether it is in the middle stage or the late stage, because this kind of disease has never been encountered before, but it is no longer in the early stage.Surgery is inevitable, and it is lucky to survive the catastrophe.Even if you are lucky enough to save your life, the United States cannot be the same as before.How can lessons be learned for other countries?For example, knowing that smoking causes lung cancer in the United States, it is time for other countries to quit smoking.Learn from the United States, to a certain extent, if you know how the United States died, you should stop being like the United States.For this, people should thank the United States for its sacrifice and dedication.In the future, people will long remember the contribution of the United States as a negative example.

Let’s go back to the friend mentioned at the beginning of this article.He is worthless because he didn't borrow hundreds of millions of money.He cannot borrow hundreds of millions of dollars because he does not have absolute force like the United States, so that others dare not refuse to borrow.Therefore, he got a bad reputation, unlike the United States, but became an object of admiration for some people.