Of course, there are those American debt holders, who are also stupid birds fooled by the value of the dollar and the yield of American debt. When the dollar dies, the dollar claims in the hands of American debt holders also become waste paper claims. The dollar repaid by the US Treasury is zero value of waste paper, and hard work and sweat are real money. The dollar debt purchased lost its currency depreciation, and the real money was gone. Both people and the economy will be fooled.
On the first question, it is certain that the dollar is not dead, but it is also dying, and it is not far from death. The snowstorm in Texas caused people to cut off water and electricity, which made some elites in Washington think there is a great opportunity to revitalize the economy of the superpower. The huge transformation of people's livelihood infrastructure needs trillions of dollars of capital investment, which will create huge jobs for the low-income class and inject strong impetus into the economic development of the United States. The depreciation of the dollar and the US debt crisis are no longer problems.
But where does this trillion-dollar investment come from? Biden's government plans to invest 2 trillion yuan this year, which is just a little sesame salt. The transformation of people's livelihood infrastructure in superpowers is not only a decades-long debt of power facilities, but also an all-round and systematic huge demand. It must rely on promoting social capital and even the international community to invest on a larger scale, which is in line with the interests of superpower capital politics; The interests of 50 places in the federal system are divided; Divide the spoils of capital profits; How can a little sesame salt invested by the government drive such a huge social investment when the return on investment of most rulers cannot be guaranteed? Those elites expect to save the superpower debt crisis, and the dream of preventing the dollar from "dying" cannot be realized!
The government's return on investment only continues to inject water into the depreciated 15% dollar value. Before the power outage in Texas, the Trump administration issued an additional 5 trillion yuan to pay for deficit investment and greatly increased US debt to save the economically difficult market, totaling 28 trillion yuan. While the government's sovereign credit hit the US dollar exchange rate, the value of Bitcoin against the US dollar soared 12 times in China, and the value of the US dollar plummeted by 92%!
Biden's policy of "Healing America" plans to reissue 1.9 trillion US dollars, which makes Pang Brianaud, the owner of Bitcoin Asset Management Company, frantically clamor that Bitcoin will increase in value to 1 bit per million, while the JPMorgan Chase consortium and UBS Group AG authorities pessimistically predict that the value of the US dollar will drop by another 35% this year. Because this fiscal year, Biden's government needs to pay about 7 trillion yuan in addition to fiscal revenue. While continuing to substantially dilute the value of the US dollar, it also expanded the US debt to 35 trillion in one fell swoop. The faster approaching of the two major crises will cause more serious damage to the government's sovereign credit. The assessment that the international community's foreign exchange reserves of more than $5 trillion will inevitably be sold off on a large scale should be a bit too conservative to devalue the US dollar by 35% this year.
Even more deadly is the approaching of the US debt crisis. With the US debt base of 35 trillion yuan, the government needs to pay about 1.3 trillion yuan in debt interest next year, and this burden is beyond the control of the government's artificial policies. Even if military investment is cut off for global hegemony, or the government stops completely, it must be repaid, otherwise the consequences of debt default will be the outbreak of the US debt crisis.
Moreover, the payment of this debt interest depends on continuing to expand the debt base, and the amount of debt interest continues to expand faster and faster. It won't be long before the value of the dollar becomes rubbish. If Biden's government invests in upgrading the infrastructure of American people's livelihood, this result will come faster. Not only can it not revitalize the superpower economy again, but it will completely destroy its economic foundation! Dominate the world and fool the giant baby himself, which is the dream of the superpower giant baby.