"Kunpeng".
The United States is sick, and the whole world is taking medicine. It can be said that this is how the United States has come to be, which is why the only way for the United States to face a crisis is to release water. Water heals. But not in China, after all, we are not the same as the United States, and China is very different from the United States. Faced with the same problem, China and the United States have taken different countermeasures, is it due to the cultural differences between China and the United States, or is it due to the economic system problems of their respective countries? Is U.S. stimulus spending really a panacea? Why can't China, the world's second-largest economic power, learn from it?
Why doesn't China learn from the United States?
China and the United States are both very strong in economic strength, but after all, there is a big gap, and even if China follows the example of the United States, it may not be able to achieve the desired results.
First of all, we must understand what is the nature of encouraging spending. Promoting consumption is to enable more people to dare to consume and have the courage to consume, rather than "substitution".
A good example of this is that the U.S. is handing out currency to the American people, but have they ever enjoyed real benefits? I don't think that's inevitable. Why? This is largely due to inflation in the United States, which is constantly issuing money.
In other words, even though the U.S. is issuing money, the product after the price of goods does not allow you to fully enjoy the benefits. Instead, it is swallowed up by inflation.
What's more, there is a big gap between China and the United States. As we all know, the United States has grown on economic development. Therefore, from this point of view, China's industrial chain is relatively long, so even the direct pull effect on consumption is not significant.
Also, you have to understand that the appropriation is paid for by the appropriation, and the expense is the tax. Therefore, the so-called "sheep into the flock" is actually what the United States can do.
Everybody knows that the United States is universal, and it can print more money, so that the American people can get more money, and those money will be diluted by those who have these dollars. And we all know that there are tens of trillions of dollars abroad, which is a big number.
This means that all dollar holders are paying the bills of the United States, and we, as the second largest creditor of the United States, will naturally not be affected.
But we are different, most of the renminbi is used in our country, not around the world, so we issue currency, which will reduce the consumption power of the renminbi and allow more people to have more currency, which is the so-called currency depreciation.
We cannot transfer this responsibility, we must bear it ourselves. And that's not even counting the shock of rising interest rates in the United States. There is already a big gap between the exchange rates between China and the United States, and if we continue to print money, it will have a great impact on the dollar, which is what the United States wants.
There is also the possibility that we do not have enough money to spend. Actually, no, the key is people's worries and fears about the future, and another reason is that many people don't have enough money to spend money, and those who don't want to spend money, they have enough money.
As a result, we will find that our savings are increasing rapidly, but many people are afraid to spend them. Besides, will the money we give them be used to spend it right away? I believe that most people's first thought is to pay off their debts.
Therefore, if it is positive, it may not have any substantive effect, but will have some bad consequences. The best way is to let those who can spend money, spend as much money as possible, let the money circulate in society, improve the living standards of the lower classes of society, and make their lives safer.
Therefore, this move by the United States can only be regarded as a temporary solution to the problem, rather than a solution to the fundamental problem. The solution to the problem is to make the money move and benefit more people. This is the most important thing.
Moreover, the result of doing so is also very clear, that is, sitting on the mountain and eating nothing.
The harm of direct cash transfers.
You can only see the thief stealing, but you can't see the thief being stolen. It looks comfortable for the United States to send them money, but why don't they give something? No, it's just delayed.
But from now on, we can see that the economic crisis in the United States has already begun to appear. It is well known that the issuance of money in the United States triggers inflation, so it has been more than two years since the United States has never returned to around 2%, even though the United States remains at a high level.
Compared to the 5% interest, this income is nothing at all for most people, and inflation will be weakened, it is better to issue coupons, expand production, and expand employment.
The U.S. economy is ostensibly saved, but in fact, theirs is the most important thing. And we can also look at what happened to US bonds. Banks around the world are buying U.S. bonds, and U.S. bonds are also increasing.
In other words, the United States plundered all the world's currency and then used this method to pay off America's debts. In other words, the United States is using its own strength to make money, but the price it pays is that their power is weakening little by little.
But we also understand that the impact of spending money on the middle class and society is enormous. Even if they can make enough money in a short period of time, they can't stay that high. I find it difficult.
When the time comes, they will lose all their wealth, and when the time comes, their lives will become even more difficult. This sounds like a plan to stimulate the economy, but it's actually a poison.
What's more, the United States is still joking about its own credibility, which will make the credibility of the United States collapse faster, but it has not collapsed for the time being. However, that day will come soon, and when that day comes, the US currency will surely be eaten back.