Name: 英國災難性經濟危機雪上加霜！ (UK’s Catastrophic Economic Crisis is Getting Worse)
Uploaded: 2026-01-23T18:31:21.000Z
Duration: 10 min 34 s

Last year, more than 16,000 millionaires left the United Kingdom.

去年，有超過一萬六千位百萬富翁離開了英國。

轉承詞

And that's a catastrophe, because millionaires are the people who are creating jobs or investing in these businesses.

這簡直是一場災難，因為百萬富翁正是創造工作機會或投資這些企業的人。

程度副詞

So every rich person leaves the country means that something is deeply wrong with the economy.

所以，每有一位富人離開，就代表經濟出了嚴重的問題。

But the British economy is still one of the largest economies in the world.

但英國經濟仍然是全球最大的經濟體之一。

The truth is that the British economy is on the brink of catastrophe.

事實是，英國經濟正處於災難的邊緣。

And it might seem like an exaggeration, but let me show you the facts.

這聽起來可能有點誇張，但我會用事實來證明。

The UK is one of the largest holders of the US treasuries.

英國是美國國債最大的持有國之一。

它持有約八千八百八十億美元。

That's almost a trillion dollars worth of US treasuries.

這差不多是兆美元價值的美國國債。

And recently it has been exponentially growing its reserves.

而且最近，英國的儲備也呈指數級增長。

So the question is, why wouldn't the United Kingdom take the $900 billion invested in the United Kingdom and build an environment that would keep rich people in the UK or, or attract more rich people from outside the uk?

所以問題來了，英國為什麼不利用這九千億美元的投資，來打造一個能留住英國富豪，或是吸引更多國外富豪的環境呢？

When rich people come, they create jobs, they bring investment, and

富豪們來了，他們會創造工作機會，帶來投資，

they spend far more money, which grows your gdp, which grows the tax revenues, and

而且他們會花費更多的錢，這能增加你的GDP，增加稅收，

But the reality is that these $900 billion do not actually belong to the British government.

但事實是，這九千億美元其實並不屬於英國政府。

And that's why Britain cannot possibly spend that money.

這就是為什麼英國不可能花掉這筆錢。

The global economy runs on the US Dollars, which means that if you want to use dollars, you have to use American banks.

全球經濟是以美元運作的，這意味著如果你想使用美元，你就必須透過美國銀行。

But there are a lot of restrictions with the US Banks, which means that if the rest of the world wants to actually use US Dollars, it is extremely difficult for them to do so, which is why they're using the United Kingdom as the middleman to do business with the US Dollars from all across the globe.

但美國銀行有很多限制，這意味著如果世界其他地方想實際使用美元，他們會非常困難，這就是為什麼他們會利用英國作為中間人，來處理來自全球的美元業務。

And secondly, there is a huge time zone difference.

When the rest of the world wants to do business, US Banks might actually be closed.

當世界其他地方想做生意時，美國銀行可能已經關門了。

And that's the gap that the United Kingdom is filling.

UK Banks are not as regulated as the US Banks, which means that they can take a lot more risks than American banks.

英國銀行不像美國銀行那樣受到嚴格監管，這意味著它們可以承擔比美國銀行多得多的風險。

The problem with American banks is that they're highly regulated.

美國銀行的問題在於它們受到嚴格監管。

And even when American bank opens a branch outside the United States, in any other country, it's still being regulated by the United States because the parent company is in the United States.

即使美國銀行在美國以外的任何國家開設分行，由於母公司在美國，它仍然受到美國的監管。

American companies, American citizens are paying taxes to the United States even if they operate globally.

美國公司、美國公民即使在全球營運，也必須向美國繳稅。

But that's not the problem that the British banks have.

但這不是英國銀行面臨的問題。

British banks are trusted by across the world because Britain has been the global financial capital of the world for the last few hundred years.

英國銀行受到全世界的信任，因為在過去幾百年裡，英國一直是全球的金融中心。

So the UK has built a business model where it's the place that all other investors are parking their money and buying U.S.

所以英國建立了一個商業模式，讓所有其他投資者都將資金存放在這裡，並購買美國國債。

If you want to lend money, if you want to do business internationally, you need to have US Dollars.

如果你想借錢，如果你想做國際生意，你就需要有美元。

But holding a lot of dollars makes no sense because there is inflation and the dollar is losing a lot of its value.

但持有大量美元沒有意義，因為有通貨膨脹，美元正在貶值。

Which is why hedge funds, pension funds, businesses are actually holding the US Treasuries, since they receive an interest rate on that that is higher than inflation.

這就是為什麼避險基金、退休基金、企業實際上持有美國國債，因為它們能從中獲得比通貨膨脹更高的利率。

Which is why all of these financial institutions, in order to do business globally, are holding their assets in U.S.

這就是為什麼所有這些金融機構，為了在全球開展業務，都將資產持有在美國。

Which is why when you look at this number, it is not that the British government or British companies, that $900 billion of the US treasuries, but

所以當你看這個數字時，並不是英國政府或英國公司，那9000億美元的美國國債，而是

this money actually belongs to the global investors from all across the globe.

這筆錢實際上屬於來自全球各地的國際投資者。

But here is the real problem that the British government is facing.

但這才是英國政府面臨的真正問題。

Over the last 20 years, when interest rates were extremely low, a lot of companies got hooked on cheap money.

在過去20年裡，當利率極低時，許多公司都迷上了廉價資金。

They started borrowing as much money as they can, including the United Kingdom.

他們開始盡可能多地借錢，包括英國在內。

But now, since interest rates are much higher because there is global inflation, refinancing those debts is a lot more expensive.

但是現在，因為全球通膨，利率變高了，所以要再融資這些債務的成本就高很多。

Which is why all of these governments suddenly are running chronic deficits.

這也是為什麼所有政府突然都面臨長期的財政赤字。

Between 2024 and 2025, the British government spent about 1.3 trillion pounds, while it received from taxes only about a little over $1.1 trillion pounds.

在2024年到2025年之間，英國政府花了大概1.3兆英鎊，但從稅收只收到略高於1.1兆英鎊。

Which leaves the government with a deficit 137 billion pounds.

這讓政府的赤字高達1370億英鎊。

That deficit is primarily because the government has to make a lot of interest payments.

這個赤字主要是因為政府必須支付大量的利息。

And that deficit is 3.7percent of the entire GDP or 8.3% of the entire total budget.

這個赤字佔了整個GDP的3.7%，或是整個總預算的8.3%。

And the only way to fix this is either to bring inflation down to a sustainable 1 or 2% so that interest rates on the debt is going to go down to 1 or 2%.

要解決這個問題的唯一方法，就是把通膨降到可持續的1%或2%，這樣債務的利率就會降到1%或2%。

And at that rate it is going to be sustainable.

以這個利率來說，它就會是可持續的。

The second option is to devalue the currency so that it gets a lot easier to pay off the debts.

第二個選項是讓貨幣貶值，這樣還債就會容易很多。

Since the economy is measured in the currency, and

that currency artificially could be created out of nothing, you can inflate your currency.

而這種貨幣可以憑空人為地創造出來，你就可以讓你的貨幣貶值。

So your total GDP is going to grow, even though that your real economy did not grow.

所以你的總GDP會成長，即使你的實體經濟並沒有成長。

For example, let's say that 10 years ago you borrowed $3 trillion.

例如，假設10年前你借了3兆美元。

And today the total size of your economy is also $3 trillion.

而今天你的經濟總規模也是3兆美元。

那麼總債務對GDP的比率就是100%。

But what if you suddenly start printing a lot more money?

但是如果你突然開始大量印鈔呢？

What if you suddenly print way more money that your total GDP is going to double to $6 trillion?

如果你突然印了更多的錢，讓你的總GDP翻倍到6兆美元呢？

Now, did the Real size of your economy grew?

那麼，經濟的實質規模有成長嗎？

You simply inflated your economy by printing more money.

你只是透過印更多錢來膨脹你的經濟。

Your debt is still $3 trillion, but now your real economy is $6 trillion.

你的債務還是3兆美元，但你的實質經濟現在是6兆美元。

So the new debt to GDP ratio is not 100% but rather 50%.

所以新的債務對GDP比率不是100%，而是50%。

And that's how you get rid of your debt, by devaluing your currency.

這就是你如何擺脫債務，透過貶值你的貨幣。

That's what the United States is trying to do.

It is printing trillions of dollars, lowering down interest rates to drive down the value of the dollar as much as possible to make it way easier to pay off that debt.

它正在印製兆美元，降低利率以盡可能壓低美元價值，讓償還債務變得容易得多。

That debt is going to exponentially grow, but so will the economy.

那筆債務將會指數級增長，但經濟也會。

Not the real economy, but the economy in US Dollars.

不是實體經濟，而是美元計價的經濟。

And over time, paying off that debt is going to be a lot easier.

而且隨著時間過去，償還那筆債務會容易得多。

The problem is that the United Kingdom does not have that option.

If you look at the British economy, it is not a self sustaining economy because it's a very little island and it depends on inputs to sustain itself.

如果你看看英國的經濟，它不是一個自給自足的經濟，因為它是一個很小的島嶼，需要輸入才能維持運作。

Historically, the United Kingdom has always been running a trade deficit.

歷史上，英國一直處於貿易逆差。

For example, in 2023 it exported $452 billion while it imported $732 billion.

例如，2023 年出口了 4520 億美元，進口了 7320 億美元。

Because the United Kingdom is geographically very small and it has no natural resources whatsoever.

因為英國地理面積非常小，而且完全沒有天然資源。

It, it doesn't have plenty of oil like Middle Eastern countries or even the United States or even Venezuela.

它不像中東國家，甚至不像美國或委內瑞拉那樣擁有豐富的石油。

So it can actually extract all of these resources.

所以它實際上可以開採所有這些資源。

Secondly, the UK has a very small population compared to the United States, around 65 to 70 million people.

其次，與美國相比，英國的人口非常少，大約只有 6500 到 7000 萬人。

So you don't have large enough population, you don't have enough resources.

所以你們沒有足夠的人口，也沒有足夠的資源。

So basically you can actually self sustain yourself.

所以基本上你們實際上可以自給自足。

Which is why the model that Britain has followed historically for the last few hundred years is to become the global financial capital of the world and provide expensive services to investors from all across the globe.

這也是為什麼英國在過去幾百年來一直遵循的模式，就是成為全球金融中心，並為來自世界各地的投資者提供昂貴的服務。

That allows a lot of capital to flow to the United Kingdom.

And also the United Kingdom is going to have a very strong currency.

而且英國的貨幣也會非常強勢。

When you have a strong currency, imports are going to get a lot cheaper because you have a very strong currency.

當你的貨幣強勢時，進口會變得便宜很多，因為你的貨幣非常強勢。

Manufacturing anything in your country is going to be a lot more expensive than other countries.

在你們國家製造任何東西都會比其他國家貴很多。

And that's why the UK can compete with China on manufacturing buses, on manufacturing cars.

這也是為什麼英國可以在製造巴士、製造汽車方面與中國競爭。

China is always going to win that competition.

中國在這場競爭中總是會獲勝。

And even if you look at the British pound, it is much stronger than the United States dollar.

即使你看英鎊，它也比美元強勁得多。

Even though that the United States dollar is the global reserve currency.

Well, the British economy is a fraction of the US economy because it's vitally important for the UK to have a very strong currency to make it affordable to live in the UK because every single thing is imported from, from food to energy.

嗯，英國經濟只是美國經濟的一小部分，因為對英國來說，擁有強勢的貨幣非常重要，這樣才能讓英國的生活負擔得起，因為從食物到能源，所有東西都是進口的。

That leaves the British government in a very strange dilemma.

這讓英國政府陷入了一個非常奇怪的困境。

On one side, if we are going to continue having a strong currency, it is going to be very difficult to pay off that debt that we have accumulated over the last 20 to 30 years.

一方面，如果我們要繼續維持強勢貨幣，那麼要償還過去 20 到 30 年累積的債務將會非常困難。

On the other side, if you are going to follow the strategy that the United States right now is following, which is devaluing the currency, devaluing the dollar, or even that Japan has followed and devalued its currency to keep its economy sustainable, that means that imports are going to get a lot more expensive, which means that the cost of living is going to drive exponentially higher.

另一方面，如果你要採取美國現在採取的策略，也就是讓貨幣貶值，讓美元貶值，或者像日本那樣讓貨幣貶值以維持經濟的可持續性，這意味著進口商品將會變得貴很多，這意味著生活成本將會呈指數級上漲。

So which option do you think the British government should choose?

那麼你認為英國政府應該選擇哪種方案呢？

Devalue the currency and make it even more expensive to live in the UK or keep the currency very strong.

是讓貨幣貶值，讓英國的生活成本更高，還是維持貨幣強勢。

But the government cannot possibly afford to pay off its debts.

That's why the British government is so desperate.

這就是為什麼英國政府如此絕望。

It's taking actions that it shouldn't take tick because it is hurting the economy in the long run.

它正在採取不該採取的行動，因為這會損害長期的經濟。