The CEO of Bank of America, the second largest bank in the United States, said at an important meeting: "Our survey analysts have noticed that pressure points are forming in many areas of our economy and finance, which may lead to stress in the future."
In a rare move, Wells Fargo's CEO agrees.
He told a group of elite investors: "Without intervention, a broader economic weakness is expected to occur, which will lead to more credit delinquencies and increased losses. Even this year, 2024, our economy will truly enter a recession. A decline that cannot be delayed or saved.
Daxia Enterprises have taken too much profit margin from our enterprise, and now Jiuzhou Technology is even trying to use mecha games to show force to the outside world!
They do not need war and never dominate in public, but as long as they use technological products to force the participation of other forces as they do now, our trade-off system will be broken one by one, and our financial system will collapse accordingly. "
In American responsible companies, big capital has such overwhelming power that even the CEO of Wells Fargo dares to face a group of elites at an important meeting and say things that only elite politicians should say.
Most banks are currently strengthening their reserves for loan loss provisions as inflation caused by the clampdown on technology and the hollowing out of the real industry has cast a long-term shadow on the future prospects of these banks.
After a bunch of capitalist spokesmen explained the recent difficulties, their spokesmen began to announce the processed data in a high-sounding manner.
A middle-aged white man with a big belly walked to the stage, picked up the folder in his hand, and said with a confident but dignified tone: "For several months, our inflation expectations have continued to worsen. In the fourth quarter of 2023, consumption The consumer price index rose by 9.3% compared with the same period last year.
In the face of high inflation, the Federal Reserve has adopted six consecutive aggressive interest rate increases, 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 US$32 trillion, which greatly exceeds the total GDP of US$23 trillion in 2021. Not only has it exceeded the original legal debt limit of US$31.4 trillion, it has also allowed Congress to raise the upper limit again.
Inflation, rising interest rates, huge U.S. debt and other factors are crushing our already fragile economy.
Although our Inflation Reduction Act is curbing price increases caused by a variety of factors, the latest debt data is still very ugly.
Therefore, we must find new economic growth points and revitalize our economy! "
If it were before the rise of Daxia, and the American elite thought of maintaining economic growth, their first reaction would be the troika of investment, consumption and exports. ,
Among the methods of calculating GDP, one of the formulas is: investment + consumption + net exports + government purchases.
American investment has always been an investment strategy that other Guo Jiahe regions around the world dare not speak out about. Although it can drive the development of multiple industries, due to the greedy nature of capital, it will definitely destroy the ecology of local related industries.
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[Technology: Breaking the global hegemony] []
Consumption is even simpler. Companies get investment and start producing goods, and people get banknotes through labor or welfare, and they spend money waving them around.
But one of the reasons for the current debt crisis in the United States is that too much paper money is printed and the credibility cannot keep up.
And what about exports?
Exporting luxury goods, technology products, medicines and even services, each export project has the capital of a specific interest group, and now people from the military-industrial complex and medical groups are sitting in the conference room.
Although they didn't look very anxious, their hearts still jumped when they heard the debt figure of US$32 trillion.
Some people objected.
"Sir, do you know what a debt of 32 trillion U.S. dollars is? If distributed equally among our people, it would be equivalent to a debt of more than 96,385 U.S. dollars per person!"
Faced with this objection, the person on the podium did not deny it, but said with a suddenly serious expression and even a little anxiety: "Yes sir, and this debt figure is actually not accurate, its actual amount will only be more No less.
And interest payments on these huge sums of money, as well as other costs the government spends over the course of a year, continue to grow, already consuming trillions of dollars of the annual budget and on track to bankruptcy. Our budget office estimates that without changes to current taxes and spending, the fiscal deficit will reach $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 head of the Congressional Budget Office expressed his final conclusion with a serious look on his face.
And this conclusion made the elites who were originally looking a little relaxed suddenly change their expressions.
"Impossible! We control the world's oil and finance, and our medical biology ranks first in the world! How can we have such high debt!?"
"The budget department should pursue accurate data instead of compiling a number that is so exaggerated that we cannot accept it!"
"You greedy people, aren't these tens of trillions the number you are pursuing 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? It's a secrecy mechanism like shit!"
"In fact, we can reduce government expenditures, such as the public health budget? Or we can learn from Europe's Guo Jia and reduce defense expenditures."
"Expenditures such as the defense budget and public health care cannot be reduced!"
"We need more profits! Whether it's taxes or war!"
When a certain state election elite shouted the words tax and war, the conference room suddenly fell silent...
Benjamin Franklin, one of the three founding fathers of the United States, once said: "In this world, the only things that cannot be escaped are death and taxes."
And war, isn’t it one of the synonyms of death?
Someone seemed to be meeting this state propaganda elite for the first time. He refuted the opponent exaggeratedly and said: "We have more choices, but it should definitely not be more taxes or war!"
The head of the budget department glanced at the man with glasses and a teacher's temperament inadvertently, then smiled and nodded: "Yes, sir. We shouldn't prepare to do these things in a hurry."
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[Technology: Breaking the global hegemony] []
"Of course, we need to discuss these important issues carefully."
The atmosphere in the conference room gradually became lively, but anyone with enough loyalty in the interest group knows one thing - when technology and finance cannot save Guo Jia, then other blood bags must contribute more. .
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