Crazy! Should US Bonds Rise To 51 Trillion Yuan? If China Doesn't Take Over, ...

Is the United States going crazy, with US debt rising to $51 trillion? Is this a plan to have the whole world buried together?
Recently, during a hearing in the US Congress, some lawmakers questioned US Treasury Secretary Yellen whether the Biden administration is prepared to propose a debt ceiling of $51 trillion? In the face of questioning, Yellen did not respond positively, which precisely indicates that this matter is likely to be true, and this has naturally attracted global attention.
In fact, if the United States really dares to do so, it would be equivalent to declaring the surrender of the US dollar to the world, and the United States can no longer afford to pay its debts. Why do you say that?
As we all know, American bonds have long been insolvency. Moreover, according to many news reports, the American government has been unable to pay back the money and will default in succession. Once it defaults, the credit rating of American bonds will decline significantly, because the credit impact of debt default on issuers is very, very large.
Now, the US government has announced an increase in the debt ceiling, adopting the method of borrowing new to repay the old. Once borrowing new to repay the old, it means that the US is already in danger, let alone such a huge number. Moreover, once this increase is made, it means that this method will be adopted for a long time in the future.
In the long run, we have maintained our credit rating, but issuing a large amount of US dollars is not equivalent to deceiving the world and making it pay? Are you treating us like fools? It's really wicked of Lao Mei to do this, and it's not too much to describe it as insane!
And such an operation will only greatly reduce the credit of the United States and have no effect at all.
However, to put it another way, can Lao Mei sell so many additional US bonds? From now on, it is highly likely that it will not be sold out.
Firstly, let's talk about the country that holds the most US debt, Japan, with over 1.1 trillion US dollars in US debt holdings. As the younger brother of the United States, Japan has always followed the orders of beauty. However, this time, it may not be possible to count on it. After all, Japan's own economy is on the brink of collapse, and once it buys US debt again, it is accelerating its own death. It is not foolish and will definitely not do so.
After Japan, it is China that holds the second largest stake, let alone China. It will definitely not buy again and will continue to sell. Of course, it is not entirely impossible to increase its holdings, but the key depends on what price the US is willing to pay.
As for the third and fourth countries, respectively, the UK and Belgium, which have bought nearly a trillion US dollars in US debt. It should be noted that the combined economic output of these two countries is not one-third that of China, and even inferior to India. It's really because they have mines at home and dare to buy so many US bonds. It can be imagined that once the US debt explodes, these two countries will probably also be scrapped, and they should now be suffering from the pain of the US interest rate hike and have no ability to make further purchases.
The top four countries have no drama left, who else can you count on and who else has this ability.
As for the domestic banking industry in the United States, there has been a crisis, and I am already struggling to survive by selling US bonds to cash in. How could I possibly buy again. So, there's only one last possibility left, the Federal Reserve. Everyone knows that the Federal Reserve is a money printer, but it does not create value. Once it purchases US bonds, it is equivalent to issuing US dollars, and the United States has been raising interest rates. Isn't it hoping for less currency to circulate? These two are inherently contradictory, how can a good car be driven when the accelerator and brake are pressed together?
Of course, this is a great benefit for our country, and a once-in-a-lifetime opportunity for the RMB. However, before this, people all over the world must pay a certain painful price for the American act of death. In the future, more and more countries will inevitably choose the renminbi, and the renminbi will have an increasing voice internationally.

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