JPMorgan Chase is known in the United States for its integrated banking, investment,** and other financial services. Someone who can control such a company will naturally speak with all his words. Jamie Dimon is the current CEO of JPMorgan Chase and Co., and he has spoken on the issue of federal debt in the United States.
Dimon called it "the most predictable crisis" in history, leaving Americans without housing, money to spend, and money to pay for a massive military. In fact, it's something that everyone knows, and I've said it many times. However, the meaning of the words of the heads of the major US banks is very different.
Some foreign media went to some bigwigs in the financial circle, and they all found the same opinions as Dimon. In fact, the "biggest threat" was not raised by Dimon, but by former US Congressman Paul Ryan. Talleb, a leading US financial scientist, makes a more straightforward view that the US economy is in a "death spiral".
Since the U.S. has a debt of 34 trillion and continues to rise, it is only the big companies that are upset about it. That's 120 percent of the U.S. gross domestic product, or $100,000 per American. Of course, the United States is not without its debt problems, and Wednamp, an expert in finance at Columbia University, insists that the current average annual interest rate on federal debt is as high as 4%, and the total assets of $34 trillion are equivalent to only 5 percent of GDP2%, and the interest rate to be paid for the year is only 5.5 percent of GDP2%。
The U.S. fiscal revenues are equivalent to about 18 percent of gross domestic product. In this case, his income is less than 30%, so it is not a high debt. But Widkamp forgot that he didn't even think about whether he would lose the money. In fact, it is clear to the whole world that the United States is now in debt, like a terminal illness.
The main reason why the United States has so much debt is that it maintains its two major hegemonic positions: one is the dollar, the second is the US team, the third is the United States, and the third is the United States. Therefore, American soldiers are also very concerned about debt. More than 10 years ago, the federal debt of the United States was as high as 19 trillion, although it is a drop in the bucket compared with the current figure, but Michael Mullen, then chief of staff of the US Army, said that for the United States, debt is the greatest danger.
And now, his fears have come true, and the U.S. fiscal deficit has exceeded $1 trillion, which is more than their military budget. Correspondingly, the financiers in the United States are also very cautious about the rule of the military. Dimon has said that both the U.S. military and the U.S. bankers should become stronger.
Over the past 20 years, however, the U.S. military has shrunk. The last U.S. victory in Iraq was the overthrow of Saddam Hussein's rule and the hanging of Saddam Hussein himself. But since then, the United States has not succeeded in the wars in Iraq and Afghanistan in the real sense, on the contrary, they have also fallen into a quagmire and have been forced to withdraw from the war. The U.S. team does not dare to use force in front of China, Russia, or even Iran or North Korea.
If our military power is destroyed, then our American debt will not be able to **, and we will not have enough money to support our industrial upgrading and our army. If the war is lost, then it will become more difficult to sell US debt, and the large amount of social welfare and military spending will not be able to continue, creating a virtuous circle. This is a difficult problem that the United States is facing now. Gomez, a professor of finance at the Wharton Business School at the University of Wall University, said the U.S. could have relied on Chinese and Japanese investors to bond bonds. However, those buyers are slowly selling, and US bonds are becoming less attractive.
We are now studying the link between US debt and military power, not to make a fool of the United States, but more to give everyone a warning. Once the US foreign debt erupts, the US financial and military circles will absolutely not sit idly by. In order to avoid defeat, they are bound to conduct a fanatical military campaign. Not only China, but all peace-loving countries should unite against the United States pushing its own catastrophe against the whole world.