Musk finally couldn't hold back, saying, 'America is heading towards bankruptcy.'#BabyMavin合约地址f9c7

According to the latest data released by the U.S. Treasury, the total amount of U.S. debt has already surpassed $35 trillion, a figure equivalent to the total economic output of China, Germany, Japan, India, and the United Kingdom combined!

Some experts have expressed concern: the current level of U.S. debt has already exceeded many dangerous indicators, which not only has a backlash effect on itself but will also bring harm to the world. Recently, the UK, which has consistently followed the U.S. in 'misdeeds,' announced bankruptcy; this is probably a typical example!

In the past, the U.S. economy was booming, the financial industry was developed, and U.S. debt was a dazzling gem in the global market, fiercely contested by many financial institutions. Because of this, U.S. debt had strong liquidity, allowing for easy conversion to dollars, seamless payments, and attractive interest rates.

However, starting in 2020, U.S. debt expanded dramatically; on one hand, it was to cope with the mask challenge, costing huge sums; on the other hand, it was because the economy was severely impacted, and Americans had to massively incur debt, directly injecting funds into the public and businesses in an effort to revive the economy.

Although the mask haze has dissipated, the U.S. economy is declining, and U.S. debt is expanding like an uncontrolled snowball, leaving holders worried. U.S. Treasury Secretary Yellen is also at a loss, only able to watch as the debt continues to rise.

At this moment, many countries around the world not only did not increase their holdings of U.S. debt, but instead initiated a selling frenzy, with China leading the way. In just three months, China reduced its holdings of U.S. debt by $48.9 billion, bringing its holdings to the lowest point in 15 years. After our country made this decision, the BRICS ten countries reached a consensus, announcing the creation of an independent financial system and advancing the process of de-dollarization!

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