Feder Crazy Rate hike has brought disaster-level impact on the global economy. 36 major currencies in the world depreciated sharply against the US dollar, and the bond market and stock market were in a mess. U.S. stock is also not spared, and the three major indexes fell all the way.
The United States is still betting on its own and the world economy, regardless of the danger of a great recession, and its sinister intentions will surely bear the consequences.
At present, the serious consequences of interest rate hikes have affected all aspects of the United States, which will also be God's inevitable punishment for the initiator. As of , closing at 16:00 on September 29, ET, the three major U.S. stock indexes hit new lows in recent years, shrinking by about 33 trillion US dollars compared with the total market value of at the beginning of the year. The decline in US stocks has caused Americans to complain, with an estimated loss of more than $9 trillion. Some U.S. experts said that if the losses in the US debt market are accumulated, the current losses in the US financial market will reach US$9.5 to US$10 trillion, equivalent to 43% of the US GDP, which is almost the same as the annual GDP of Germany and Japan. Many American families have already experienced poor financial situations and their living pressure has increased significantly.
Feder interest rate hike , in addition to evaporating the wealth of the American people, also affecting the normal expenditure, borrowing and investment of individuals and enterprises. Both physical companies and financial institutions are conservative about further investment. Bank deposit returns are already enough to keep wealthy people and financial giants holding large amounts of dollars in maintaining low-risk, substantial returns.
The ordinary working class in the United States will face the risk of unemployment due to the shrinking business development of the company. It can be predicted that in the future, more unemployed people in the United States will take to the streets to form the "most beautiful scenery".
Compared with the wealthy class in the United States, which accounts for less than 20% of the United States, although their overall wealth has also shrunk accordingly, their total wealth is still very high and they can still continue to live a luxurious and luxurious life. This will inevitably intensify social conflicts, smashing, looting and looting will occur frequently, and the so-called Western "democracy" that the United States claims will be worthless.
According to economists' analysis, the United States will pay a heavy price for this round of irrational, irresponsible, and unconscientious interest rate hike. The first thing to be affected is that the US economic development will decline in the future, and the annual GDP growth rate will further decrease or even stagnate. Secondly, the general manufacturing industry of the United States will decline and increase its dependence on imports. If the world is unstable, and manufacturing powers like China reduce their exports to the United States, it can still make the United States' abacus on raising interest rates and resolving inflation fail.
hike rate is a double-edged sword. The poor common method of the United States to easily harvest world wealth through US dollar hegemony again will not be fully effective now. After all, this world is not the world of the last century, not 2008. Nowadays, the proportion of the total U.S. economy in the world has dropped a lot. Economies and emerging developing countries such as EU , China, India, ASEAN , Brazil are slowly rising, the world's economic ties are getting closer and closer, and the division of production is becoming increasingly balanced. Without the United States, the world can also develop, and it will develop better!
The United States' deliberate wave of interest rate hikes will greatly reduce its national credibility, and its prestige of world leaders will be questioned by more countries, including the United States' allies. The United States will pay the price it deserves for its irresponsible stupid practices.
text/Guo Fucong
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