At the critical moment when the government shut down and the scale of US debt exceeded 38 trillion yuan, US President Trump still insisted on fighting the trade war and tariff war with China to the end.

This not only reminds us that President Zhang Zheng once said that if Trump could be elected president of the United States, he could be the first American president to lead the United States from the world¡¯s leader to the world¡¯s second oldest.

Why did the debt of the U.S. government expand sharply after Trump took office? How will Trump lead the United States from the world's boss to the world's second?

US debt exceeds $38 trillion

According to the latest data released by the U.S. Treasury Department on October 22, the U.S. federal government debt has exceeded US$38 trillion for the first time so far.

In just over two months, the U.S. government's debt has increased by $1 trillion, and the speed of debt inflation far exceeded previous expectations.

According to calculations by the U.S. Congressional Budget Office, it is estimated that in fiscal year 2025, the fiscal deficit of the U.S. federal government will reach $1.8 trillion, equivalent to 6% of U.S. GDP.

Such a huge fiscal deficit, followed by the scale of $3.1 trillion and $2.8 trillion during the Great Epidemic in 2020 and 2022.

To make up for these gaps, the U.S. government has no choice but to carry out a new round of quantitative easing, with large amounts of banknotes blocking the pit.

In response to a possible imminent debt crisis, according to people familiar with the matter, the Federal Reserve has begun to brew new rules to significantly relax capital increase requirements for large U.S. banks.

This move will help reduce the pressure on the U.S. banking system, so that large U.S. capital can have sufficient liquidity to participate in the auction of U.S. debt.

The bad news of Trump's administration in one day will not end like this. According to the latest media report on October 23rd, the U.S. Senate did not pass the temporary appropriation bill proposed by the Republican Party, which means that the shutdown of the U.S. government will continue.

This is the 12th time the Senate has vetoed the bill, the Republican and Democratic parties in the United States have great differences on core issues such as health insurance-related welfare spending, and the federal government's funds forining normal operation have been exhausted.

The U.S. government shutdown may have exceeded everyone¡¯s expectation, as the government shutdown has now exceeded 23 days.

What the Trump administration needs to address now is not just the failure to pass the provisional funding bill, but the bigger issue in the future is where the U.S. federal government¡¯s money comes from.

It is clear that simply relying on raising debt and tariffs is not able to meet the Treasury¡¯s demand for cash flows.

Trump will lead the United States to the world¡¯s second place.

There is no doubt that since Trump took office, the decline of the United States has obviously been much faster to the naked eye.

Kissinger once said that breaking with China was an important reason for the collapse and disintegration of the Soviet Union. Similarly, decoupling from China was also an important reason for the rapid decline of the United States.

In the past, the global trading system and world structure were established by the United States and Western countries after World War II. Since Trump took office, the United States and Western countries are rapidly destroying the global rules and systems established by them.

China has been reminding the United States that the world is big enough to accommodate two major powers, but people's hearts are too small to accommodate two ideas.

Even in the Obama period, the United States has also put forward the idea of the global G2, but the current world pattern is different from the Obama thought is that the United States is the old two.

And the series of uncertain policies of the Trump administration has led to a major change in the world, which is that the global foreign exchange reserves, the dollar has fallen by 40%, and this figure at the beginning of 2000, is still 70%, that is, the dollar hegemony has taken 20 years to fall from the altar, leading now the global central banks start to increase the proportion of gold in foreign exchange reserves.

The last time the US dollar declined so rapidly was when the United States failed in the Vietnam War. Countries around the world believed that the United States had no military strength to ensure US dollar hegemony.

The same is true now. Central banks around the world may choose to decouple from the US dollar at any time, and credit currencies will re-anchor gold.

Trump's policy formulation against China is often contradictory. He wants to use extreme pressure to coerce China to compromise with the United States, but the result is that the United States compromises again and again in extreme pressure.

On the surface, it is the United States that manipulates some European countries and is implementing containment policies against China, but in fact some large capitals are manipulating the United States.

For example, when Huawei's mobile phone market share surpassed that of Apple, but its chips did not use Qualcomm in the United States, Qualcomm used various lobbying to hope that the U.S. government would impose sanctions on China's high-tech companies and use this abnormal competition to coerce China's high-end manufacturing industry to rely on the United States.

This is a typical example of capital controlling the U.S. government, and then lobbying Europe through various methods, ultimately forcing China to complete domestic breakthroughs and autonomous controllability.

And with China's efforts, many industries in China are becoming industry leaders and rule makers, while many industries in the United States have become the second largest in the world.

The ultimate problem is that the United States cannot obtain sufficient benefits around the world to support the operation of its hegemonic system, which ultimately leads to a debt and fiscal deficit crisis, and until it affects the decline of the comprehensive strength of the United States.