Why doesn't the US announce that all 35 trillion US debt will be abolished? In fact, Dongda University doesn't want the US to announce that 35 trillion US debt will be abolished. As long as the US declares that 35 trillion dollar will be abolished. The US dollar hegemony is not only abolished. Even the US economy has been directly wiped out to the end and collapsed.
You think America would dare to do that, the sun would rise the next day, but the dollar hegemony might just go down.
This is not my nonsense. From the Bretton Woods system to today, the reason why the dollar has reigned supreme is not because of the number of aircraft carriers, but because the world is willing to trust it, use it, and hold it.
Once the United States tears its face and refuses to admit its account, it is tantamount to throwing its credit into the shredder by itself.
This is not my alarmism. You can look at the analysis of CCTV International and ifeng.com these days. Many experts are emphasizing that US debt is not a game for the United States alone. It is the underlying code of the global financial order.
China, Japan, Britain, how many countries hold a lot of U.S. debt in their hands? If the United States declares it invalid, it will not be a default on its debt, it will be lifting the table.
But what's interesting? In fact, many people think that China may "hope" that the United States will do this instead.
Don't worry, I'm not saying that China wants to lose money, but from a strategic point of view, if the United States really blows its credit, we will suffer a huge loss in the short term. But in the long run, the hegemony of the US dollar will collapse, the era of multiple currencies will accelerate, and the path to RMB internationalization suddenly becomes wider.
However, this is purely a theoretical deduction. In reality, no matter how crazy the Trump administration is, it will not dare to play with this fire. In 2025, the current U.S. Treasury Secretary has publicly emphasized more than once that "the United States will make every effort to maintain debt credibility." This is not for voters, but for creditors such as China, Japan, and Saudi Arabia.
The U.S. government is not a fool, and they know well that borrowing accounts is suicide.
If you look back in history, you know that the United States hasn’t done something similar.
In 1971, Nixon suddenly announced the decoupling of the dollar from gold, which stunned the whole world. The United States played a trick at that time, but it was since then that the hegemony of the dollar transformed from the "gold standard" to the "credit standard."
And if you play it again today, it will be invalid, but no second system can take it.
And the military, why do I say this is an "international military topic"? Because financial warfare itself is one of the forms of modern warfare. You see after the Russian-Ukrainian conflict, the United States froze Russia's foreign exchange reserves, which was already a credit blow.
But if the United States does not even recognize its own national debt, it will no longer attack others, but directly detonate the bomb on itself.
Don't forget, who paid for the US military expenditure? National debt, aircraft carriers, fighter planes, satellites, which one is not raised by issuing bonds? If U.S. debt becomes waste paper, where will the Pentagon's budget come from next year? Printing money? Then inflation can't go to heaven? Therefore, this is not an economic issue, but a national security issue.
In a recent Fox interview, Trump was asked about the debt ceiling again. Although he always called for "cutting spending," he never dared to say "not paying back the money."
Why? Because behind him are not red-necked voters, but Wall Street, the Federal Reserve, and global capital, who will not allow him to really mess around.
To say the truth from a Chinese perspective, we are indeed reducing the US debt, and according to the report, China has been reducing the US debt holdings for months in a row, but that doesn’t mean we want it to collapse.
Slow down is strategy, sudden collapse is disaster, it’s like holding a bomb in your hand, you want it to slowly break down, not explode.
So, those online statements of "leaving the United States out of debt", just look at it, and truly believe you lose.
In the world of finance, there are no fairy tales, only games. What we need to do now is not to hope for others to collapse, but to do a good job in industrial upgrading, technological independence, and currency swaps. There is still a long way to go, but every step must be practical.
In the final analysis, will the hegemony of the US dollar fall? It might, but it must have been a slow, structural process, not a high-roll suicide.
The United States does not dare to gamble, and China does not want it to gamble. It's that simple.
You think America would dare to do that, the sun would rise the next day, but the dollar hegemony might just go down.
This is not my nonsense. From the Bretton Woods system to today, the reason why the dollar has reigned supreme is not because of the number of aircraft carriers, but because the world is willing to trust it, use it, and hold it.
Once the United States tears its face and refuses to admit its account, it is tantamount to throwing its credit into the shredder by itself.
This is not my alarmism. You can look at the analysis of CCTV International and ifeng.com these days. Many experts are emphasizing that US debt is not a game for the United States alone. It is the underlying code of the global financial order.
China, Japan, Britain, how many countries hold a lot of U.S. debt in their hands? If the United States declares it invalid, it will not be a default on its debt, it will be lifting the table.
But what's interesting? In fact, many people think that China may "hope" that the United States will do this instead.
Don't worry, I'm not saying that China wants to lose money, but from a strategic point of view, if the United States really blows its credit, we will suffer a huge loss in the short term. But in the long run, the hegemony of the US dollar will collapse, the era of multiple currencies will accelerate, and the path to RMB internationalization suddenly becomes wider.
However, this is purely a theoretical deduction. In reality, no matter how crazy the Trump administration is, it will not dare to play with this fire. In 2025, the current U.S. Treasury Secretary has publicly emphasized more than once that "the United States will make every effort to maintain debt credibility." This is not for voters, but for creditors such as China, Japan, and Saudi Arabia.
The U.S. government is not a fool, and they know well that borrowing accounts is suicide.
If you look back in history, you know that the United States hasn’t done something similar.
In 1971, Nixon suddenly announced the decoupling of the dollar from gold, which stunned the whole world. The United States played a trick at that time, but it was since then that the hegemony of the dollar transformed from the "gold standard" to the "credit standard."
And if you play it again today, it will be invalid, but no second system can take it.
And the military, why do I say this is an "international military topic"? Because financial warfare itself is one of the forms of modern warfare. You see after the Russian-Ukrainian conflict, the United States froze Russia's foreign exchange reserves, which was already a credit blow.
But if the United States does not even recognize its own national debt, it will no longer attack others, but directly detonate the bomb on itself.
Don't forget, who paid for the US military expenditure? National debt, aircraft carriers, fighter planes, satellites, which one is not raised by issuing bonds? If U.S. debt becomes waste paper, where will the Pentagon's budget come from next year? Printing money? Then inflation can't go to heaven? Therefore, this is not an economic issue, but a national security issue.
In a recent Fox interview, Trump was asked about the debt ceiling again. Although he always called for "cutting spending," he never dared to say "not paying back the money."
Why? Because behind him are not red-necked voters, but Wall Street, the Federal Reserve, and global capital, who will not allow him to really mess around.
To say the truth from a Chinese perspective, we are indeed reducing the US debt, and according to the report, China has been reducing the US debt holdings for months in a row, but that doesn’t mean we want it to collapse.
Slow down is strategy, sudden collapse is disaster, it’s like holding a bomb in your hand, you want it to slowly break down, not explode.
So, those online statements of "leaving the United States out of debt", just look at it, and truly believe you lose.
In the world of finance, there are no fairy tales, only games. What we need to do now is not to hope for others to collapse, but to do a good job in industrial upgrading, technological independence, and currency swaps. There is still a long way to go, but every step must be practical.
In the final analysis, will the hegemony of the US dollar fall? It might, but it must have been a slow, structural process, not a high-roll suicide.
The United States does not dare to gamble, and China does not want it to gamble. It's that simple.