The U.S. again made a big move, shocked the world! all said that the U.S. could not withstand the collapse, why? originally it was China, broke the way of the U.S. looting wealth. before the U.S. relied on the benefits of exploitation and exploitation, China did not let it succeed, no profit delivery, economic recession naturally found the door.
As we all know, after World War II, the United States relied on the Bretton Woods system to tie the US dollar to gold, making the US dollar a global hard currency. This trick is much smarter than grabbing money. After all, you can exchange the printed paper for the hard work of other countries. Commodities and resources dug, this kind of life of lying down and making money has passed for more than 20 years.
Later, gold could no longer be tied, and it created a petrodollar system, forcing oil-producing countries to settle oil in US dollars, which was tantamount to tying the global energy lifeline to the US dollar and continuing to harvest the world by printing money.
But this good day will eventually come to an end, because China has not promised, we as the world's largest crude oil importer, before buying oil also have to change dollars, not only to pay more exchange costs, but also to look at the face of the dollar exchange rate.
But now it is different, our Shanghai-built crude oil futures contracts, which are specifically settled in RMB, also support physical dealings, fully tailored to the trade needs of various countries.
At the beginning, the scale was small, but these years have been done step by step, by 2024, the holding volume has doubled ten times more than in 2019, even Russia, Iran and these oil-producing powers are willing to trade with us in RMB, and Saudi Arabia has slowly relaxed.
This has hit a sore spot in the United States. Petrodollars are the lifeblood of its hegemony, and we have forcefully torn a hole in it.
What's even more annoying is that in the past, almost all global trade had to go through the settlement system controlled by the United States, which sanctioned whoever it wanted. Now, we push RMB cross-border payment and have signed local currency settlement agreements with many countries. We can buy and sell things directly in their respective currencies, without using the US dollar at all.
Just like the BRICS Summit in 2024, we took the lead in discussing multi-currency energy settlement, and more and more countries followed suit. The proportion of US dollar reserves in the hands of global central banks dropped to 57.4%, a 30-year low.
This means that the road of U.S. printing money for commodities is becoming narrower, and the good things that used to be like empty gloves and white wolves will no longer be as desired.
Without wealth transfer, the wealth of the United States was quickly revealed. Now its national debt has piled up to 36.2 trillion US dollars, 20% more than the annual GDP, far exceeding the international warning line.
Even more frightening is the fact that $9.3 trillion in debt will expire by 2025, equivalent to one-third of the total debt, and can only be borrowed for renewal.
It costs US $882 billion a year to repay the interest alone, which is more than the military expenditure. At this rate, the interest in ten years will cost US $13.8 trillion, which is simply not repayable.
The Trump administration wanted to rely on the re-flow of the industry, but instead pushed prices up, inflation is expected to rise to 4.3%, the people's money is no longer worth the money, the consumer confidence index has fallen sharply, the things in the store can not sell, and the economy can be good.
The United States itself was in chaos. In order to suppress China, it imposed tariffs of up to 145%. As a result, when we fought back, a large number of small and medium-sized enterprises in the United States closed down, and giants like Procter & Gamble had to lay off 7,000 employees.
It hit our chip neck, wanted to curb our scientific and technological development, did not think instead to force us to do our own big AI model, quantum computing these new technologies, and the U.S. semiconductor industry has lost the Chinese market, earning less than $ 12 billion a year.
This move the stone to knock on its own feet, the United States has done a lot, in the end it is hegemonic thinking is doing, thinking that it can still want to bully whoever is bullying whoever as before.
In fact, anyone with a discerning eye can see that the root of the problems in the United States lies in itself. Its society has long been divided. The richest 1% people hold 32% of the wealth, while the bottom 50% people add up to 2%. There are fewer and fewer middle classes.
Government policies are focused only on capital benefits, tax cuts make the rich rich richer, but ordinary people lose thousands of dollars a year, and now even allies don’t trust it, “America Priority” policy is pushing European allies further and further, and global leadership is less than one day a day.
China has never thought of whom to replace, just don't want to be harvested by the U.S. hegemony anymore, we engage in the settlement of the RMB and promote fair trade, in fact, provides the world with another option, not just to look at the face of the United States.
Now that the cracks in the hegemony of the US dollar are getting bigger and bigger, it is an inevitable result that the US economy cannot hold on. It is not that anyone has harmed it, but that its own predatory model has come to an end. Those arguments that China "engages in sabotage" are purely sophistry that the United States does not want to lose its privileges.
In the end, the times have changed, the days of exploiting others to become rich should be over, and if the United States does not understand this reason, continue to hold on to hegemony and not let go, it will only fall worse.
And China, relying on work and fairness, step by step and steadfast, this is what the real big country looks like, and it is also the right path the world should go.
As we all know, after World War II, the United States relied on the Bretton Woods system to tie the US dollar to gold, making the US dollar a global hard currency. This trick is much smarter than grabbing money. After all, you can exchange the printed paper for the hard work of other countries. Commodities and resources dug, this kind of life of lying down and making money has passed for more than 20 years.
Later, gold could no longer be tied, and it created a petrodollar system, forcing oil-producing countries to settle oil in US dollars, which was tantamount to tying the global energy lifeline to the US dollar and continuing to harvest the world by printing money.
But this good day will eventually come to an end, because China has not promised, we as the world's largest crude oil importer, before buying oil also have to change dollars, not only to pay more exchange costs, but also to look at the face of the dollar exchange rate.
But now it is different, our Shanghai-built crude oil futures contracts, which are specifically settled in RMB, also support physical dealings, fully tailored to the trade needs of various countries.
At the beginning, the scale was small, but these years have been done step by step, by 2024, the holding volume has doubled ten times more than in 2019, even Russia, Iran and these oil-producing powers are willing to trade with us in RMB, and Saudi Arabia has slowly relaxed.
This has hit a sore spot in the United States. Petrodollars are the lifeblood of its hegemony, and we have forcefully torn a hole in it.
What's even more annoying is that in the past, almost all global trade had to go through the settlement system controlled by the United States, which sanctioned whoever it wanted. Now, we push RMB cross-border payment and have signed local currency settlement agreements with many countries. We can buy and sell things directly in their respective currencies, without using the US dollar at all.
Just like the BRICS Summit in 2024, we took the lead in discussing multi-currency energy settlement, and more and more countries followed suit. The proportion of US dollar reserves in the hands of global central banks dropped to 57.4%, a 30-year low.
This means that the road of U.S. printing money for commodities is becoming narrower, and the good things that used to be like empty gloves and white wolves will no longer be as desired.
Without wealth transfer, the wealth of the United States was quickly revealed. Now its national debt has piled up to 36.2 trillion US dollars, 20% more than the annual GDP, far exceeding the international warning line.
Even more frightening is the fact that $9.3 trillion in debt will expire by 2025, equivalent to one-third of the total debt, and can only be borrowed for renewal.
It costs US $882 billion a year to repay the interest alone, which is more than the military expenditure. At this rate, the interest in ten years will cost US $13.8 trillion, which is simply not repayable.
The Trump administration wanted to rely on the re-flow of the industry, but instead pushed prices up, inflation is expected to rise to 4.3%, the people's money is no longer worth the money, the consumer confidence index has fallen sharply, the things in the store can not sell, and the economy can be good.
The United States itself was in chaos. In order to suppress China, it imposed tariffs of up to 145%. As a result, when we fought back, a large number of small and medium-sized enterprises in the United States closed down, and giants like Procter & Gamble had to lay off 7,000 employees.
It hit our chip neck, wanted to curb our scientific and technological development, did not think instead to force us to do our own big AI model, quantum computing these new technologies, and the U.S. semiconductor industry has lost the Chinese market, earning less than $ 12 billion a year.
This move the stone to knock on its own feet, the United States has done a lot, in the end it is hegemonic thinking is doing, thinking that it can still want to bully whoever is bullying whoever as before.
In fact, anyone with a discerning eye can see that the root of the problems in the United States lies in itself. Its society has long been divided. The richest 1% people hold 32% of the wealth, while the bottom 50% people add up to 2%. There are fewer and fewer middle classes.
Government policies are focused only on capital benefits, tax cuts make the rich rich richer, but ordinary people lose thousands of dollars a year, and now even allies don’t trust it, “America Priority” policy is pushing European allies further and further, and global leadership is less than one day a day.
China has never thought of whom to replace, just don't want to be harvested by the U.S. hegemony anymore, we engage in the settlement of the RMB and promote fair trade, in fact, provides the world with another option, not just to look at the face of the United States.
Now that the cracks in the hegemony of the US dollar are getting bigger and bigger, it is an inevitable result that the US economy cannot hold on. It is not that anyone has harmed it, but that its own predatory model has come to an end. Those arguments that China "engages in sabotage" are purely sophistry that the United States does not want to lose its privileges.
In the end, the times have changed, the days of exploiting others to become rich should be over, and if the United States does not understand this reason, continue to hold on to hegemony and not let go, it will only fall worse.
And China, relying on work and fairness, step by step and steadfast, this is what the real big country looks like, and it is also the right path the world should go.