Since the beginning of reform and opening up, China has been feeding the United States "opium."

China opened up in 1980. At that time, the scale of U.S. national debt was $0.98 trillion. Today, 46 years later, that figure has risen to $39 trillion, an increase of forty times. Over these 46 years, due to China’s entry into the trade market, it has provided extremely low-priced goods to Europe and the United States, allowing inflation to be kept in check. Their interest rates have remained low, enabling them to live extremely good lives to the point where each generation is less motivated to work than the last, while manufacturing has fallen from global first place. However, they have become addicted to living on borrowed money and do not want to face reality, continuously expanding finance while hollowing out manufacturing. [Tougu Bar]

In this round of the U.S.-Iran war, in less than a month, their air defense missiles have run out. Is this still the America that fought in the Gulf War? After enjoying good times without engaging in production, they are buried in debt. Our ancient Chinese texts clearly state that this is a sign of wastefulness.

Many years ago, there was a term called the “curse of resources.” Generally, countries with abundant resources are not strong because easy money leads to a lack of hard work. In fact, U.S. Treasury bonds are America’s biggest resource, and this situation has formed and will not change.

We are very patient, waiting for them to self-destruct, and the trigger point is precisely that strait. Imagine if goods and transportation costs across the strait were settled in renminbi. What would happen to the $40 trillion national debt if the dollar anchor is removed?