b*3
发帖数: 1 | 1 Gundlach Warns US Is On A "Roadmap To Losing Global Reserve Currency Status"
http://www.zerohedge.com/economics/gundlach-warns-us-roadmap-losing-global-reserve-currency-status
JEFFREY GUNDLACH: Well, the US has enjoyed the status of sole reserve
currency globally for decades. And it's an incredible benefit. We also have
the biggest military in the world, which just kind of goes hand in glove
with being a reserve currency, I think.
But in the aftermath of the lockdowns and pandemic that continues to wear on
, the strongest economy in the world, by far, has been the Chinese economy.
And the US economy has bounced back with a lot of consumption. A lot of that
consumption is going to China. It's one of the reasons China has such a
strong economy.
So what we're seeing is the United States is starting to fall behind in
economic growth. That's not a new thing. That's been going on for a
generation-- the US falling behind. But the Chinese economy is growing so
rapidly that the estimates as to when the Chinese economy will be the
largest in the world keep getting pulled forward. 20 years ago, it was
thought to be 2050 the Chinese would be bigger than the US, and then it was
2040.
And now, the estimates are maybe it's in the 2020s-- maybe even 2028, the
Chinese economy gets bigger. And China's made no secret of the fact that
they want to be a global player and have at least a seat at the table of
global reserve currency status. And they're spending like crazy on military
and have also made no secret of the fact that they want their military to be
dominant, maybe the biggest in the world.
Also, they have huge savings in China. They have a culture of savings-- the
gold medalists of saving historically. And so when you put all those things
together with the US growing debt like crazy-- we have debt to GDP that is
fueling the majority of our so-called economic growth. So is it really
economic growth when you borrow money or print money, send checks to people
who turn around and buy goods on Amazon, in addition to maybe paying down
debt speculating, and these goods come in from China?
So we're running our economy in a way that is almost like we're not
interested in maintaining global reserve currency status or the largest
military or global, call it, a superiority or control. And so as long as we
continue to run these policies, and we're running them more and more
aggressively-- we're not pulling back on them in any way-- we are looking at
a roadmap that is clearly headed towards the US dollar losing its sole
reserve currency status. | d****o
发帖数: 32610 | 2 ZeroHedge网民都是弱智
一边反全球化
一边担心美元失去全球储备货币地位
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【在 b*3 的大作中提到】
: Gundlach Warns US Is On A "Roadmap To Losing Global Reserve Currency Status"
: http://www.zerohedge.com/economics/gundlach-warns-us-roadmap-losing-global-reserve-currency-status
: JEFFREY GUNDLACH: Well, the US has enjoyed the status of sole reserve
: currency globally for decades. And it's an incredible benefit. We also have
: the biggest military in the world, which just kind of goes hand in glove
: with being a reserve currency, I think.
: But in the aftermath of the lockdowns and pandemic that continues to wear on
: , the strongest economy in the world, by far, has been the Chinese economy.
: And the US economy has bounced back with a lot of consumption. A lot of that
: consumption is going to China. It's one of the reasons China has such a
| w****v
发帖数: 2756 | | c****o
发帖数: 32446 | | b*3
发帖数: 1 | | S*******l
发帖数: 4637 | 6 债券王
【在 c****o 的大作中提到】
: 这个人是谁
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