According to real-time data of the US Treasury Bond, its total amount has exceeded US$3089294800000! It soon exceeded 31 trillion US dollars! The numbers behind are jumping too fast, so I won’t list [Shy]. what does that mean? The total population of the United States in 2022 is 333 million, with an average American burden of $92,723 and each taxpayer bears $245,191!
U.S. Treasury clock that beats every second
A brief history of US Treasury
is worthy of being a descendant of the Ingrussans. Looking at its short three hundred years of national development history, it is actually a history of borrowing. As Neil Ferguson pointed out in his book "Empire", one of the important reasons why the British Empire at that time could defeat the great powers such as Netherlands , Spain, and France was that the British financial system was better operating and sent a large amount of low-interest capital for the war and colonial rule of the empire. Behind the war is a constant stream of money!
UK colonial war
Several critical moments of US Treasury bonds:
1783: $43 million (issuance of the first public debt).
1835: 0. All public debts were paid under the leadership of then-President Andrew Jackson.
1865: For the first time, it exceeded the $2 billion stairs, reaching $2.6 billion (after the Civil War).
1919: exceeded 20 billion, reaching 27.3 billion US dollars ( after of the First World War).
1946: exceeded 200 billion, reaching 269.4 billion US dollars (after World War II ).
1982: reached 1 trillion US dollars.
2008: During the financial crisis, the flood discharge gate was opened and US dollars were printed and the water was released, reaching 10 trillion US dollars.
2017: It reaches 20 trillion US dollars.
2021: reaching 30 trillion US dollars.
2022: It is about to exceed 31 trillion US dollars!
US debt repayment ability analysis
According to relevant data, in the case of low growth, medium inflation and medium interest rates, interest expenditure accounts for GDP may rise from 2% in 2022 to about 5% in 2032, higher than the forecast of the US Congressional Budget Office (CBO) 3.3%; the proportion of US government debt to GDP will also rise from 99% in 2022 to more than 110% in 2032.
U.S. Treasury bonds account for GDP
Currently, the proportion of GDP of 2% seems not high, but it is only the level of military expenditure in many countries. But in just ten years, with the influence of factors such as economic growth rate, inflation level, and government bond interest rates, it is likely to reach a high of 5-7%! what does that mean? By then, the U.S. debt interest expenditure alone will reach $5-7 trillion! It accounts for a large part of its annual expenditure, so why are B3W (rebuilding a better world) and MAGA (making America greater) all rogues? There is no money in my pocket.
Hat with Comrade Sichuan Jianguo slogan
What should I do if I can’t pay it back?
With the accumulation of huge amounts of debt and the increasing interest expenditure of Treasury bonds, the United States is likely to fall into a debt crisis. Will it learn the current Sri Lanka , directly declare the country bankruptcy, default on debt and apply for restructuring? Here are a few possible options:
- directly declares a national bankruptcy/debt default.
If this option is made, the image of the United States will fall to the bottom, borrowing interest rates will rise sharply, and the economy will be on the verge of collapse.
- chose not to default, but lowered the interest rate to 0 or even negative values, and started the printing press to print money frantically. This situation occurred in
, the US dollar credit also collapsed, and the country was in a desperate situation.
- launched a global war, attempting to take advantage of the situation and write it off.
takes a detour, provokes a global war, and writes off foreign debts. Since we dare to freeze Russia's more than 600 billion US dollars in national reserves and confiscate the 7 billion US dollars in Afghan , we can't afford it, what else can Uncle Sam not do?
Sorry, I won’t pay it back!
"Get out and get back sooner or later." After years of unscrupulousness, the United States has been in a dilemma. Announced a debt default has hit the US economy hard, causing the United States to collapse.If you tighten your belt and pay back the money, then fiscal austerity will lead to the US economy falling into stagflation and even recession, and will soon be overtaken by other countries, thus becoming an ordinary country, no longer a model of the so-called "city on the top of the mountain" and "democratic" country, "being the same as everyone."
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