According to data released by the United States, US Treasury bonds exceeded US$31 trillion for the first time, and the United States did not have US$23 trillion in GDP in 2021, while US Treasury bonds have been on a trend of setting new highs. Judging from the debts of the United States, the United States can no longer repay its treasury bonds, so it can only adopt the strategy of "demolition of the east wall and supplementing the west wall", that is, continuously investing in treasury bonds to maintain the operation of the US government. The US fiscal revenue can no longer be used to repay the increasing debts. If it goes on for a long time, it will lead to the collapse of US credit and the US dollar's status will "spent thousands of miles." As US Treasury bonds continue to hit new highs, the US inflation did not slow down, which made the US Biden administration anxious.
US President Biden visited Israeli and Saudi in July. Biden went to Saudi Arabia because he wanted to Saudi Arabia. Because the United States was in an inflation crisis, Biden urgently needed low oil prices to increase the support rate of the American people for the Democratic Party. The United States will hold a "midterm election" in November. If the Democratic Party wants to maintain its slight advantage in the two houses of the US Congress, many realistic problems need to be solved, so reducing fuel prices becomes a necessity. Biden's visit to Saudi Arabia is to allow Saudi Arabia to curb the rise in crude oil prices by increasing oil production. However, Saudi Arabia did not give Biden a good face because Saudi Arabia's increase in production was just a matter of meaning and quickly canceled the increase in production.
When US Treasury bonds hit a new high, the US CPI index continued to break through records. The CPI index was not reported as an important sign of the United States' falling into inflation. Just after Biden could not convince Saudi Arabia to increase oil production, bad news has come now. The Organization of Petroleum Exporting Countries OPEC and Russia held an OPEC+ meeting, and during the period, unanimously decided to cut oil production by 2 million barrels per day, so that the oil prices can be maintained. Don't steal the ball when talking about *basses. OPEC and Russia's decision has had a huge impact on the United States, and the Biden administration of the United States has expressed concerns. Just after OPEC and Russia announced oil production cuts, international crude oil prices rose.
When the US Congressional election is only one month away, OPEC and Russia jointly cut oil production, which will cause serious impact on the Biden administration in the United States, because Biden can no longer suppress the inflation in the United States, and Biden has repeatedly made the wrong moves. Previously, US President Biden announced his insistence on a trade war with China, thus missing the opportunity to curb inflation. 202210063/Global Defense Observation/Ali, the United States wants to import a large number of goods from China. If the trade war against China is abolished, the price of goods can be directly reduced, which can benefit American consumers and increase the support rate of the American people for the Democratic Party. However, the Biden administration of the United States "will insist on doing its own thing" and insists on continuing the trade war. Now it has encountered a joint "blocking" between OPEC and Russia.
U.S. Treasury bonds have exceeded 31 trillion US dollars. Faced with the rising trend of oil prices, the United States will inevitably invest more Treasury bonds to maintain the operation of the US government. Therefore, the joint action of OPEC and Russia has made the United States worse. Judging from the multiple crises in the United States, the Biden administration's low ruling ability has been exposed. During the Russian-Ukrainian conflict, the United States took the lead in increasing sanctions on Russia, including sanctions on Russia's energy exports. Now the United States is "shotting itself in the foot" and has encountered Russia's countermeasures. Therefore, the Democratic Party of the United States no longer has much advantage in the congressional elections, and the Biden administration in the United States will be subject to the US Congress.
