Perspective of current Affairs

U.S. President Biden recently submitted a federal budget of US $ 6900 billion (approximately S $ 9970 billion) in 2024, of which 1800 billion yuan was a deficit.Federal revenue in the United States is only $ 51 billion, and it cannot be eaten up.18,000 billion yuan was 35.3%of its revenue.Yin eating grain is the long -term consistent approach of the US government. This is why the US federal government's debt is as high as $ 32 trillion.It is just that the number of reds is increasing, from a little more than 1 trillion yuan in previous years to nearly 2 trillion yuan.

As follows, Republicans estimate that the US federal government's debt will increase by more than 100 trillion yuan in the next 10 years, and soon reach 500 trillion yuan.With the increase of debt, the US government's ability to borrow money will become more and more difficult.China and Japan, such as US bonds, hold large powers in the past and are selling U.S. debt in their hands to protect themselves.This will exacerbate the US government's fiscal crisis.

The ultimate reason for the collapse of the empire in history is all because of the fiscal crisis.At that time, France was trapped in severe fiscal difficulties because of the seven -year war. The Treasury Secretary repeatedly advised Louis XVI to act carefully and not to be involved in the war between Britain and its colonies.The independent war caused France to fall into a deeper fiscal crisis, which triggered the famous French Revolution. Louis XVI was therefore on the fault.

The US debt is now high, which should reduce its own financial pressure, but the Bayeng government can't help but "weaken the temptation of Russia with Ukraine", deeply trapped the Russian and Ukraine War, and further deepened the US fiscal crisis.

The elite of the United States wants to weaken Russia and China and think that it is safe to weaken opponents.As everyone knows, it will also weaken himself in the process of weakening his opponent.What the United States needs is to weaken opponents, but to better strengthen its own financial health.The United States is now facing various problems, drug flooding, homelessness, food safety guarantee, and various civil facilities degenerate and old. These are problems that cannot be solved because of limited financial resources.

Because of the Russian -Ukraine conflict against Russia, the United League had undergone unprecedented sanctions on Russia.Forced to death.This is undoubtedly a serious blow to Russia.But what the United States and allies are unknown is that their sanctions can only kill one thousand enemies and damage 800.Sanctions against Russia have seriously damaged the credibility of the United States; let China, Saudi Arabia, Iran, India, and Brazil see the unreliable United States, forcing them to prepare for sanctions by the United States and its allies in the future.

To survive in Russia, it can only start another stove, bypass the US dollar with other BRICS countries such as China and trade with local currency.Now more than half of Russia's foreign trade has been changed to RMB. In Russia's foreign exchange reserves, the US dollar has been cleared, and RMB has become a big head.Without US sanctions, this kind of thing cannot happen at all.

The US sanction in Iran has forced Iran to pay well with China. The two countries have signed a 25 -year agreement to purchase Iranian oil with RMB.Saudi Arabia was originally an important ally in the United States in the Middle East.The US dollar hegemony is maintained by Saudi Petroleum U.S. dollar policy.However, after the Russian -Ukraine conflict, the United States demanded that Saudi Arabia increases oil to cooperate with the United States to weaken Russia's plans.Saudi Arabia rejected the United States for its own interests.The United States immediately stated that she would give up the security commitment to Saudi Arabia, which made Saudi Arabia aware of the unreliable United States, so it accelerated its contact with China.Chinese President Xi Jinping was invited to visit Saudi Arabia, and the two countries signed dozens of cooperation agreements.Saudi Arabia has abandoned the Petroleum US dollar policy and allows China to pay Saudi Petroleum with RMB.This is the same as the weakening of the US dollar.

Under the matching of China, the recent meeting between Saudi Arabia and Iran met in Beijing and restored the diplomatic relations that had interrupted in 2016.The Middle East has always been the ban on the United States, but now China has taken the lead.Although the United States pretended to be calm, the loss in their hearts is inevitable.This incident shows the potential of China to the world, and it is not inseparable from the world that the world is inseparable from the world.Without the support of China, the largest trading country in the world, and the support of a large number of energy powers, the US dollar hegemony will be greatly reduced.

Under this international climate, although the U.S. government and the military have repeatedly said that to fight against Taiwan with mainland China, its fiscal crisis will be limited to overseas large -scale wars.

I hope that the American elite and the American people can realize it early that they can ignore the Russian conflict, and they can ignore the conflict of the Taiwan Strait.There is no need to care about the United States.The most important thing in the United States is the matter of its own country.

The author is the University of Wilson, Wallen, USA

Professor of Political Science