Quantitative change leads to qualitative change, where does the quantity come from? Look at the two total amounts. Since the outbreak of the epidemic, Trump introduced an economic stimulus bill of 2.2 trillion (US dollars, the same below) last year; at the end of the year, he pushed another 900 billion; this year, after Biden took the stage, he pushed a 1.9 trillion economic stimulus bill. In one year, 5 trillion. It is not expected that Biden will be ready to launch an 8-year infrastructure plan of 2.25 trillion yuan later.
After the Fed’s financial tsunami, the scale of QE 3 times was 1.6 trillion in QE 1; 600 billion in QE 2; and approximately 1.7 trillion in QE 3. In 5 and a half years, about 3.9 trillion yuan. In contrast, it can be seen that under the epidemic situation, the United States has the same anxiousness and ruthlessness when it comes to picking up money from the streets. The United States printed silver paper, and then returned ten thousand dollars to the clan. This is the only way for the United States to harvest the world in the past 50 years. Nowadays, piggy-backing is both urgent and ruthless. No matter how innocent, you will never believe that the United States can solve its debt problem by raising domestic taxes alone. However, new changes have taken place in the global situation, and it is not easy to cut global wool.
The CCP’s latest judgment on the global situation is “rising in the east and falling in the west.” The east rises and the west declines. The right or wrong judgment must be known first. It is only necessary to have this judgment, which means that in the future the CCP’s desire for foreign colonization will only increase but not decrease. It is impossible to go back to the past and keep a low profile and learn from the advanced side of the West in a low-key manner.
The Tesla incident is one aspect. It reflects the CCP’s belief that after 20 years of deployment, China’s supply chain and the world’s factories are not what you want to replace, you can replace them overnight, even in the face of such a big reset time after the epidemic. If the CCP does nothing, it must follow CCP rules, so the US-led international order will gradually be eroded.
China, the United States, Russia, Europe and Japan have their own plans
The dominant international order of the United States is being challenged, and every major country must think about where it should stand when the world is out of order and how to use the current situation.
Russia, the leader who lost the Cold War last time to the disintegration of the Federation, still hides its true thoughts. This will be the biggest variable in the confrontation between the East and the West.
The European Union once made a profit on the renminbi’s accession to the SDR weight. It wanted to take advantage of China’s rise to undermine the US’s dominance and enter the Chinese market, but it did not want to accept the Chinese Communist Party’s rules.
Although Japan was among the strongest economies in the world after World War II, it has never been able to return to its normal status as a country.
These three have their own ambitions during the Sino-US duopoly, which is for the Five Games of the World.
The CCP believes that as long as the time is long enough, it will eventually catch up. This is time; the decline of the West and the rise of the East are a trend. The current situation is with me, I don’t take it today, but when. Although the hegemony of the US dollar is based on the hegemony of the United States, the two are complementary and indispensable.
If the CCP wants to challenge the US-led international order, it is impossible not to touch the hegemony of the US dollar. The weakness of dollar hegemony lies in the Triffin Dilemma, and the trigger point of the Triffin Dilemma is the weakening of US hegemony. So this is destined to be a world of great controversy that cannot be stopped when it starts. On the main axis of China and the United States, every country, every place and everyone is exploring and seeking their own new position. There is no nostalgia for the past and nostalgia for the past. space.