Three Treasury Games

At the beginning of the program, Mao Dan made an economic analysis, and then the program team members made speeches and discussions. Sitting at the round table, www.biquge.info said: "Looking at the trajectory of world economic development in the past 63 years, it can really be described as ups and downs, developed countries have started from industrial countries, and slowly faced the environmental pressure caused by industrial development, with the appreciation of currencies and the increase in wage levels, developed countries have begun to transfer light industry and polluting industrial enterprises to developing countries, which is industrial transfer.

Industrial transfer has improved the environment of the developed countries, and the developing countries have taken advantage of the large population to vigorously develop labor-intensive industries, and they have produced a large number of high-quality and low-cost light industrial products that are continuously sold to the developed countries, so that the developed countries can enjoy high-quality and low-cost light industrial products in a beautiful natural environment, and this has enabled the citizens of the developed countries to enjoy the best of both worlds. Transnational corporations in the developed countries monopolize the distribution of world wealth, they control the flow of resources and wealth through the export of capital, and most of the world's wealth flows into the developed countries through the exchange of products.

However, the appreciation of the currency and the increase in wages have also pushed up the cost of living. This trend has forced factories in developed countries to move one by one to developing countries, and only the core parts of product development and industrial products remain in developed countries.

This situation lasted for decades, and at first the developed countries relied on selling high-tech products ------ automobiles, airplanes, computers, and other high-tech products to exchange for light industrial products from developing countries. In the past few decades, the developing countries have also been trying to catch up and catch up, and what they have asked the developed countries is advanced production technology, but the developed countries do not want to sell their own technology to other countries.

In the past few decades, the domestic factories of the developed countries have moved outward, and their nationals have to import everything from needles and threads and screws to cranes, airplanes, and auto parts from developing countries, resulting in a trade deficit.

What do the developed countries use to make up for the trade deficit? They are thinking that they cannot sell their own high technology and their own resources, so what else can they sell to make up for the deficit? Later, a wise man came out, and he offered a plan to the politicians: We sell our own treasury bonds to the developing countries, and the politicians of the developed countries immediately adopted this clever plan, and they talked about the conditions with the developing countries, and they said: The US treasury bonds are the safest treasury bonds in the world and the treasury bonds with the best interest rate conditions, and if you buy them, they will maintain and increase their value.

What can developing countries want in the face of the fact that the developed countries do not sell their advanced technology, their resources, or all their good things? Later, through comparing and comparing the national bonds of various countries in the world, they felt that it was still feasible to buy US Treasury bonds, and in this way, the manufactured industrial products produced by the developing countries were continuously sold to the United States in exchange for US dollars, and then they used US dollars to buy back US Treasury bonds.

Americans are happy, they don't have to work but print and print Treasury bonds, which they sell and sell to use the best manufactured goods produced in developing countries for their own enjoyment, in order to maintain the high welfare of their own countries.

But the trend has gone from bad to worse, with Americans selling more and more national debt in more than a decade, and even his government has had to raise the debt ceiling to stay afloat. There is always an end to things in the world, and borrowing money is to be repaid, and now I don't know what this national debt game will be like when the curtain calls?" he said, and it was time to take a break, and if you want to know the full picture of the world economy, please listen to the next episode.