Chapter 878 The Crisis Is Near

The CEO of Bank of America, the second largest bank in the United States, even said at an important meeting: "Our survey analysts have detected that pressure points are forming in many areas of our economy and finance, which may lead to pressure in the future."

The CEO of Wells Fargo also rarely agrees.

He told an elite group of investors: "Without intervention, a broader economic weakening is expected, which will lead to more credit defaults and increased losses. Even this year 1024, our economy will actually enter a recession. A decline that cannot be delayed, cannot be rescued.

Daxia Enterprise has robbed us of too much profit margin, and now Kyushu Technology is even trying to use mecha games to show its force to the outside world!

They don't need wars, and they never dominate in public, but as long as they use technological products to force other forces to participate, our trade-off system will be broken one by one, and our financial system will also collapse. "

In a responsible company in the United States, the power of big capital can be described as monstrous. Even the CEO of Wells Fargo dared to speak to a group of elites at an important meeting, saying what politicians and elites should say.

Most banks are now beefing up their reserves for loan losses, as inflation from the wind-up of technology and the hollowing out of real industries casts a long-term shadow on the banks' future prospects.

After a group of capitalist spokespersons explained the recent difficulties, their spokespersons began to announce the processed data in a high-sounding manner.

A middle-aged white man with a big belly walked up to the stage, picked up the folder in his hand, and said in a confident but dignified tone: "For several months, our inflation expectations have been continuously deteriorating, and consumption in the fourth quarter of 1023 The consumer price index rose by 9.3% over the same period last year.

In the face of high inflation, the Fed has raised interest rates aggressively six times in a row, raising short-term interest rates to a range of 4% to 4.5%, the highest level in 16 years.

Our total national debt has also exceeded 32 trillion US dollars, which greatly exceeds the total GDP of 23 trillion US dollars in 1021. It not only broke through the original legal debt limit of 31.4 trillion US dollars, but also allowed Congress to raise the limit again.

Multiple factors such as inflation, rising interest rates, and huge U.S. debt are crushing our already fragile economy.

Even though our Inflation Cutting Act is keeping a lid on rising prices caused by various factors, the latest debt figures are still pretty ugly.

Therefore, we must find new economic growth points and revitalize our economy! "

If it was before the rise of Daxia, the American elite thought of maintaining economic growth, and the first reaction would be the troika of investment, consumption, and export. ,

In the method of calculating GDP, one of the formulas is: investment + consumption + net exports + government purchases.

American investment has always been an investment strategy that other Guojiahe regions in the world dare not speak out. Although it can drive the development of many industries, due to the greedy nature of capital, it will definitely destroy the ecology of related local industries.

Consumption is even simpler. Enterprises get investment and start producing goods, and people get banknotes through labor or welfare, waving banknotes for consumption.

But one of the reasons for the current debt crisis in the United States is that too much paper money is printed, but the credibility cannot keep up.

And what about export?

For the export of luxury goods, technological products, medicine and even services, each export project has a specific interest group capital, and now people from military-industrial complexes and medical groups are sitting in the conference room.

Although they didn't seem very anxious, their hearts still jumped when they heard the debt figure of 32 trillion U.S. dollars.

Someone objected.

"Sir, do you know the concept of 32 trillion US dollars in debt? If it is evenly distributed to our people, it is equivalent to more than 96,385 US dollars in debt per person!"

Faced with this objection, the person on the podium did not deny it, but said with a serious expression and even a little anxiety: "Yes, sir, and this debt figure is actually not accurate, and its actual amount will only increase." No less.

And the interest payments on these huge sums of money, along with other expenses that the government spends over the course of the year, have sapped trillions of dollars of its annual budget and are on track for bankruptcy. Our Office of the Budget estimates that if current taxes and spending remain unchanged, the fiscal deficit will be $100 trillion over the next 30 years.

And at that time, we... believed that God did not want to see America at that time. "

The person in charge of the Congressional Budget Office stated the final conclusion with a heavy face.

And this conclusion made the faces of the elites, who were still a little relaxed, suddenly change.

"Impossible! We control global oil and finance, and our medical biology is the world's number one! How could there be such a high debt!?"

"The budget department should pursue the accuracy of the data, instead of compiling a figure that is so exaggerated that we cannot accept it!"

"You greedy people, aren't these tens of trillions the number you pursue again and again?!"

"I can't believe that our debt crisis has reached this point. Why didn't you tell us before? Keep us in the dark? A shitty secrecy mechanism!"

"Actually, we can reduce government expenditures, such as public medical budgets? Or we can learn from European Guo Jia and reduce defense expenditures."

"The defense budget, public health care and other expenditures cannot be reduced!"

"We need more profits! Whether it's taxes or war!"

When a certain state election elite shouted out the words tax and war, the conference room was suddenly quiet...

Benjamin Franklin, one of the three founders of the United States, once said: "In this world, there are only death and taxes that cannot be escaped."

And war, is it not one of the pronouns of death?

Someone seemed to be acquainted with this state propaganda elite for the first time, and he exaggeratedly refuted the other party, saying: "We have more choices, but it should definitely not be tax increases, or war!"

The person in charge of the budget department casually glanced at this man wearing glasses with a teacher-like air, then nodded with a smile: "Yes, sir. We shouldn't be preparing to do these things in a hurry."

"Of course, we need to carefully discuss these important issues."

The atmosphere in the meeting room is gradually becoming active, but anyone who has enough loyalty in the interest group knows one thing - when technology and finance cannot save Guo Jia, then other blood packs must contribute something more up.

The last chapter was sealed,. It won't be lifted until tomorrow.