What will happen if the United States prints 37 trillion yuan in one go and pays off all its debts? Once the United States does this, it will be jointly kicked out of the international circle by China, Russia, Britain and France, the four permanent members of the UN Security Council, the next day. In the end, it will be the American people who are unlucky.
As of January 2024, the U.S. federal government debt has officially exceeded US $34 trillion, accounting for more than 130% of the annual GDP of US $29.18 trillion, of which nearly US $7 trillion is held by foreign governments and institutions. China, Japan, The United Kingdom is the main holder of this batch of foreign debts.
This operation of the printing machine to catch up with the engine of the aircraft is essentially the dilution of global wealth with the "paper-to-money" play, and history has written the end of this route clearly.
Zimbabwe in 2008 was the most vivid mirror, in order to fill the fiscal hole crazy printing banknotes, in November the inflation rate jumped to 80 billion%, the 100 trillion-value banknotes just printed, not even a bread can afford, the people to buy rice with a bag of money, finally the central bank is poor to have no money to buy printed banknotes, the monetary system completely collapsed.
If the United States spends this 37 trillion yuan, it is equivalent to nearly doubling the amount of dollars in the market out of thin air. In March 2025, the US dollar's 49.08% share of the global payment market was already in jeopardy. If this happens, the inflation rate will exceed 20%. It is not surprising that by then, Americans will have to weigh the dollars in their wallets by the weight.
What's even more fatal is that the credit foundation of the US dollar will collapse directly, which is the "anchor" of American financial hegemony.
To know that countries have long been quietly “de-dollarization”, China as the main creditor, the US debt held in 2024 has dropped to a low of $ 76.1 billion, and the U.S. imports of daily goods from China account for up to 75%, lithium batteries and 87% depend on imports.
The UK’s own CHAPS clearing system has long been able to play euro settlements, directly linked to the European TARGET platform, and 4,500 secondary institutions can bypass dollar transactions through agents.
More thoroughly, Russia exchanges 40% of its energy exports for yuan, and China's energy transactions settles 90% in its own currency, the dollar has long been a "margin option".
As the core of the European Union, France is promoting the internationalization of the euro through nuclear power price negotiations, and wants to tie the nuclear power price of 70 euros per megawatt hour with euro settlement.
Together, the four permanent councillors can overturn the dollar table without arms — either marginalizing the dollar channels in SWIFT, or directly using the CHAPS and euro settlement systems, after all, the dollar’s share in trade settlement is 47%, really kicked out, and the U.S. financial system has to “break food.”
As soon as the door to the international circle closed, the American people had to swallow all the bitterness themselves. In 2025, 65% of U.S. imports will be consumer goods, and just-needed items such as clothing and furniture will all be imported from overseas.
Once the dollar depreciates, imported computers may rise from a few thousand dollars to tens of thousands of dollars. Just like French people being suddenly charged with a 483% increase in electricity bills by an energy company, each bill costs a month's salary.
Even worse is the shrinking of assets, with Zimbabwe’s stock market falling 99.95% in 20 days, and U.S. citizens’ pensions and stock accounts likely to fall.
Business days are worse, commodity prices rise, overseas orders are lost, unemployment has to rise once the shutdown, and former Treasury Secretary Summers has calculated tariffs can make each household cost $5,000 more, this printed banknote disaster will only be worse.
It's useless to take to the streets to protest at that time. The government paid off the debt, but turned the people's lives into "Zimbabwe 2.0". This kind of operation that harms others and does not benefit themselves, and ordinary Americans will pay the bill in the end.
As of January 2024, the U.S. federal government debt has officially exceeded US $34 trillion, accounting for more than 130% of the annual GDP of US $29.18 trillion, of which nearly US $7 trillion is held by foreign governments and institutions. China, Japan, The United Kingdom is the main holder of this batch of foreign debts.
This operation of the printing machine to catch up with the engine of the aircraft is essentially the dilution of global wealth with the "paper-to-money" play, and history has written the end of this route clearly.
Zimbabwe in 2008 was the most vivid mirror, in order to fill the fiscal hole crazy printing banknotes, in November the inflation rate jumped to 80 billion%, the 100 trillion-value banknotes just printed, not even a bread can afford, the people to buy rice with a bag of money, finally the central bank is poor to have no money to buy printed banknotes, the monetary system completely collapsed.
If the United States spends this 37 trillion yuan, it is equivalent to nearly doubling the amount of dollars in the market out of thin air. In March 2025, the US dollar's 49.08% share of the global payment market was already in jeopardy. If this happens, the inflation rate will exceed 20%. It is not surprising that by then, Americans will have to weigh the dollars in their wallets by the weight.
What's even more fatal is that the credit foundation of the US dollar will collapse directly, which is the "anchor" of American financial hegemony.
To know that countries have long been quietly “de-dollarization”, China as the main creditor, the US debt held in 2024 has dropped to a low of $ 76.1 billion, and the U.S. imports of daily goods from China account for up to 75%, lithium batteries and 87% depend on imports.
The UK’s own CHAPS clearing system has long been able to play euro settlements, directly linked to the European TARGET platform, and 4,500 secondary institutions can bypass dollar transactions through agents.
More thoroughly, Russia exchanges 40% of its energy exports for yuan, and China's energy transactions settles 90% in its own currency, the dollar has long been a "margin option".
As the core of the European Union, France is promoting the internationalization of the euro through nuclear power price negotiations, and wants to tie the nuclear power price of 70 euros per megawatt hour with euro settlement.
Together, the four permanent councillors can overturn the dollar table without arms — either marginalizing the dollar channels in SWIFT, or directly using the CHAPS and euro settlement systems, after all, the dollar’s share in trade settlement is 47%, really kicked out, and the U.S. financial system has to “break food.”
As soon as the door to the international circle closed, the American people had to swallow all the bitterness themselves. In 2025, 65% of U.S. imports will be consumer goods, and just-needed items such as clothing and furniture will all be imported from overseas.
Once the dollar depreciates, imported computers may rise from a few thousand dollars to tens of thousands of dollars. Just like French people being suddenly charged with a 483% increase in electricity bills by an energy company, each bill costs a month's salary.
Even worse is the shrinking of assets, with Zimbabwe’s stock market falling 99.95% in 20 days, and U.S. citizens’ pensions and stock accounts likely to fall.
Business days are worse, commodity prices rise, overseas orders are lost, unemployment has to rise once the shutdown, and former Treasury Secretary Summers has calculated tariffs can make each household cost $5,000 more, this printed banknote disaster will only be worse.
It's useless to take to the streets to protest at that time. The government paid off the debt, but turned the people's lives into "Zimbabwe 2.0". This kind of operation that harms others and does not benefit themselves, and ordinary Americans will pay the bill in the end.