Former US Secretary of State and Democratic Party veteran Hillary Clinton’s recent remarks have aroused strong reactions in American society.
In an exclusive interview with NBC host Jimmy Fallon, Hillary Clinton made an unabashed appeal to American voters when asked how voters should choose between Trump and Biden, “Please go against your will.” , because you can only choose between these two people.” Hillary then began canvassing votes for Biden, claiming that despite his age, Biden was still effective and compassionate. Then she changed the topic and disparaged Trump, saying that not only was he older, but he had also been accused of multiple crimes.
However, Hillary’s remarks about “asking voters to go against their will” were widely criticized. MSNBC’s accusation of Clinton’s lack of empathy is an act bordering on contempt.
Hillary’s statement is equivalent to asking people to choose between feces and garbage. If you don’t want to eat feces, you have to choose garbage against your will. If you ask why this is the case, she will tell you that this is the best choice given to you by the best system. This is American democracy.
Looking back on the eve of the collapse of the Soviet Union in 1991, American political scientist Fukuyama once described American democracy as “the end of history” and considered it the best system in the world. But as decades passed, Americans began to discover the serious shortcomings of this system. The famous American journalist Joshua Kurlantzick wrote a book about democracy titled “Democracy on the Ebb”. Kurantik raises important questions, “If democracy does not promise a better life, then why should we pursue democracy? Why are the middle classes rebelling? Will representative politics decline? A world-wide change is quietly taking place. This A great change, rarely seen in a century, is waiting for us to make a choice.”
This is what Kurantik asked, but he didn’t give a good answer. American democracy indeed reveals various deep-rooted problems.
First, fake freedom. The American political arena has been completely monopolized by the elderly. The two presidential candidates are a 77-year-old and an 81-year-old. If the old man lingers in the political arena, young politicians will have no chance of taking office. The key is that there is a Deep State behind the United States. This small group, composed of oil companies, the military-industrial complex, and Wall Street, controls American political power. If not for this manipulation, why would voters have no choice? Under the control, the president standing in the front office is just a political agent. They get the support of the boss behind the scenes, participate in the election in a spoils-sharing style, and take turns to be the banker. It is either you or me. This is the choice of excrement and garbage. If democracy once represented political freedom, the cruel political reality in the United States has told everyone to stop fantasizing.
Second, false equality. The Dark Empire monopolizes politics and naturally wants to share social resources. Once upon a time, in the glorious age of England in 1688, the bourgeoisie rose and challenged the royal power through parliament. Finally, the power of the emperor was abolished and representative politics was formed. Conceptually, representative politics allows for the participation of different interests and the equalization of interests through the political system. It is originally a system that prevents monopoly of interests and is relatively fair.
However, over the past few hundred years, the Dark Empire has learned how to play this game. As elections become bigger and bigger, more and more funds are spent, and political parties require extremely huge resources. In addition to the huge amount of money spent on elections, When a U.S. government takes office, 3,000 staff members have resigned. How to support a large number of opposition staff members is a headache. So politics becomes an expensive game, ultimately dominated by the Dark Empire. As a result, there is a so-called 1:99 phenomenon, where 1% of Americans control 99% of American wealth.
The 2008 financial tsunami was mainly caused by the greed of Wall Street. Fake sub-mortgage bonds were carefully designed and packaged into investment-grade bond products, and finally caused an epic financial disaster. The way to deal with this disaster is for the Federal Reserve to decide to cut interest rates to zero, and then engage in quantitative easing and continue to print US dollars to fill all the holes. Not only were the Wall Street giants not punished for their mistakes, but they made a fortune because of the remedy of printing money. In the end, only small investment banks such as Lehman were punished. The younger brothers became the scapegoats, and the giants continued to live happily. So regardless of the fact that the U.S. economy looks good, there is basically no trickle-down effect. The wages of ordinary people seem to be very high, but because things are more expensive, their quality of life is far inferior to that of the Chinese working class.
Third, fake development. Because the Dark Empire was too greedy and was not satisfied with the manufacturing industry, after it developed to a certain stage, it decided to only do the easiest things and outsource other complicated processes, so that its production capacity could be greatly expanded. Make more quick money. For example, the United States only does research and development and design of chips, and outsources a large number of production processes to Taiwan, Japan, South Korea and other places. Americans do not want to manage factories, but just want to write good financial statements and make big money in the stock market. The United States deliberately avoids reality and makes the lack of core manufacturing capabilities a fundamental choice of the Americans. Now it is blamed on China, accusing the Chinese of stealing their business.
In the final analysis, the disease in the United States is a problem with the system. Elections are held every four or five years, creating the illusion of selection. The same people are elected again and again. Behind the scenes, the dark empire controls the government and tells the government to continue to issue debts and spend money so that people can make money. The boss behind the scenes makes more quick money and makes himself fatter and fatter, which does nothing to help Americans have a better life.
The American democracy has become so monopolized and distorted, and the people’s self-rescue has turned into populism, electing more radical actor-style leaders, but this only brings disaster rather than good medicine.
Nowadays, the world is indeed forming a competition between two systems, but it is not a competition between democracy and authoritarianism, but a competition between the inefficient democracy of the United States and the West and the efficient Chinese model. China will not change its government every few years. It will maintain policy continuity, concentrate its energy, work hard for a long time, and accomplish great things. The country will develop in this way. It seems very simple, but it can never be achieved in the United States and the West. The current U.S. government attaches great importance to new energy, but the next government will say that it will redevelop traditional fossil energy. Policies are constantly changing. What future does the country have?
Under false democracy, even after Americans cast their vote, all national interests will flow to the hands of the dark empire. If a country cannot even build a high-speed railway, is it really a powerful country?
Lu Yongxiong
U.S. Treasury Secretary Yellen visited China, and on the surface she reached some fictitious consensus with China. But in fact, Yellen’s biggest hidden agenda is to ask China to take over the continued issuance of bonds by the United States. This is the goal of the U.S. Treasury Department. Number one problem.
Before and after the meeting between the heads of state of China and the United States in San Francisco last November, China significantly increased its holdings of U.S. bonds, buying more than 100 to 300 billion in U.S. bonds a month, which is interesting, but it is open to the issuance of bonds by the U.S. government. It seems that there is not much that can be filled in the blood market. It is estimated that China will still buy U.S. bonds in a social way in the future. The United States, both as an individual and as a country, spends too much money. This is another symptom of the American disease.
First, it’s a big deal. As of April 8, the total national debt of the United States reached 34.6 trillion U.S. dollars, and it is growing at an alarming rate of 1 trillion U.S. dollars every 100 days. It seems that the United States does not have to repay the money it borrows. However, even if the principal is not repaid, it can issue new debt and replace old debt, but the interest still has to be repaid. Bank of America estimates that if the Federal Reserve does not cut interest rates this year, interest expenses in the United States will increase to US$1.6 trillion per year by the end of the year, which will exceed social security, health, Medicare and defense expenditures and become the largest expenditure item of the U.S. government. Just paying interest on the debt alone will cost $1.6 trillion, which is really scary.
Second, the interest rate is high. Don’t think that the United States will raise interest rates like crazy and raise interest rates by 5% within two years. The United States itself will not have to pay the price. In fact, the high interest rate on the national debt is the price. This year is an election year, and President Biden certainly hopes that the Federal Reserve can cut interest rates. Cutting interest rates can not only boost the economy, but also boost the stock market. The market now expects that the Federal Reserve may cut interest rates three times this year, and the market expects that there is more than a 50% chance of an interest rate cut in June. However, whether the United States can cut interest rates still depends on inflation figures, but the recent figures are not very good.
As of last month, although the U.S. inflation rate has dropped from a high of 9.1% to 3.2%, inflation seems to have turned back recently. One of the U.S. Federal Reserve’s indicators for estimating inflation, the Personal Consumption Expenditures Price Index (PCE), rose year-on-year in February. 2.5%, an increase of 0.1 percentage points from January, showing that U.S. inflation rebounded in February. The rebound in inflation is closely related to the rebound in energy prices. In February, U.S. energy prices rose by 2.3% month-on-month. This calls into question whether U.S. Federal Reserve officials’ previous prediction that interest rates can be cut three times this year can be realized. If the U.S. does not cut interest rates, or if it cuts interest rates less than expected, it will have a huge impact on U.S. debt.
Third, there is a crisis. Many people say that the U.S.’s debt is high, but many people also say that because the U.S. has the hegemony of the U.S. dollar, everyone regards U.S. debt as a risk-free asset and is not worried about the U.S. going bankrupt, so it is just nonsense to say that the U.S. will go bankrupt. But the rise in U.S. debt at such a rate has indeed triggered concerns from all parties.
Bloomberg recently conducted a simulation test, which involved one million simulated estimates. The results showed that in 88% of scenarios, U.S. borrowing would be unsustainable. In the worst 5% simulation scenario, 10 years later, in 2034, the U.S. debt-to-GDP ratio will exceed 139%, which means that the U.S. will have a higher debt ratio than Italy, which had a debt crisis that year. Bloomberg predicts that in this case, there will be a crisis, either because the U.S. sovereign credit rating is downgraded, triggering a collapse of the Treasury market, or the federal Medicare or Social Security trust funds are exhausted, triggering panic. No matter what scenario arises, it is a case of playing with fire.
Although Bloomberg said that due to the core position of the U.S. dollar in world finance, the possibility of a burnout is reduced, and a lot of things will have to happen to shake investors’ confidence in U.S. Treasury bonds as the ultimate insurance asset, but when this confidence is really lost, This is the moment when the dollar’s watershed occurs, when the United States will not only lose its financing channels, but also its global credibility and strength.
What Bloomberg issued is an objective warning, not without purpose, and the market is also worried. Looking at the U.S. 10-year bond interest rate, even with the prospect of interest rate cuts, the current price is still as high as 4.43%. This shows that because the U.S. debt supply is rapidly expanding but demand is weak, it can only use higher Treasury bond interest rates to attract investors.
High borrowing in the United States is a disease, and under the political structure of the United States, this disease is not easy to cure. In the Obama era, the contribution of U.S. government spending to GDP growth reached a low of 5.2%, increased to 8.7% in the Trump era, and increased crazily to 14.6% in the Biden era. Spending money to buy votes has become a drug addiction for politicians. They seem to think that borrowing money does not have to be repaid.
Lu Yongxiong
#America #sick #key #Western #democracy
2024-04-10 11:27:26
