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  • meet Uncle Sam he has a lot of bills to pay

  • almost four trillion dollars worth every year

  • Uncle Sam's income is a little over two trillion dollars per year

  • to make up the difference the deficit he does what most Americans do

  • he borrows money, When uncle sam picks up a loan

  • he calls it a bond, Bonds can be held by banks

  • investors or even foreign governments uncle sam has to promise to pay interest

  • on these bonds just as you do on any loan you take out

  • ever think about paying your mortgage with your credit card?

  • that's exactly what Uncle Sam does he takes out new loans

  • new bonds so that he can make payments on the old ones

  • all those loans and especially over interest adds up

  • right now uncle sam ows about

  • 14 trillion dollars to put that in perspective $14 trillion

  • is about the same as the national GDP the total value of all the goods and

  • services

  • produced by the American economy in an entire year it's such a huge amount of

  • money

  • the local same starting to run out of people to borrow from and he's having

  • trouble

  • just paying the interest on his loans the obvious

  • solution would be to either cut spending or increase taxes

  • but if it cut spending the people that he's spending money on

  • would complain that they don't have money to spend and that he was hurting

  • the economy

  • if he tried to raise taxes enough to close

  • this gap not only would people definitely have less money to spend

  • he probably have riots on a sense so

  • Uncle Sam chooses the easy way to make money just make it

  • he calls up the Federal Reserve which is our central bank

  • and like magic dollars are created and deposited in banks

  • all around america the problem is that the more something there is

  • the less it's worth same goes for the US dollar

  • the more dollars there are the less each one will buy

  • that's why commodities like gasoline

  • food and gold become more expensive when uncle Sam does his money making magic

  • the commodities aren't really worth more your money

  • is just worth less that's called

  • inflation remember the foreign governments

  • that lent money to uncle sam when they lent money to the american government

  • something interesting happened it made the us look richer

  • in their countries look poorer

  • when a country looks poor compared to america one dollar our money

  • buys a lot of their money so they can pay their workers

  • only a few pennies a day with such low labor costs

  • they can sell their products in america for lower prices

  • than any American manufacturer can I'll the easiest way for american companies

  • to compete

  • is to move their factories overseas and pay their workers

  • a few pennies a day to you this contributes to a recession

  • Americans lose their jobs stop paying taxes

  • and start collecting government benefits like Medicaid

  • and unemployment this means that Uncle Sam has even less income

  • and even more expenses at the same time the people who still have jobs

  • are desperate to keep them so they tend to do more work

  • but not to get paid anymore when your dollars are worth less

  • and you're not earning more them that's called stagflation

  • and this is why Uncle Sam's in a catch-22

  • he can't raise taxes or cut spending without making the recession worse

  • and he can't have the Federal Reserve create more money

  • without making inflation worse for now

  • he can keep borrowing money but since you can't even pay

  • the interest on the loans he already has it just makes his inevitable bankruptcy

  • even worse whether it's in two months or two years

  • the day will come when Uncle Sam can no longer pay his bills

  • when that happens the bank's investors

  • and foreign governments who are counting on that money will be able to pay their

  • bills

  • you see just like Uncle Sam governments

  • banks and corporations don't actually have much money

  • mostly all they have is debt to each other

  • if one late in the day chain stops paying defaults

  • the whole thing falls apart if investors can't pay their bills

  • corporations will be able to pay their employees if banks

  • can't pay their bills you'll be able to take out a loan

  • use a credit card or even withdraw your savings

  • if foreign governments can't pay their bills their own banks and corporations

  • will have the same problems that's called

  • a Global Economic Collapse

  • it's never happened before so nobody really knows

  • how bad it will be how long it will last or even

  • how will eventually get out a bit the house of cards

  • has already been built there's no painless way to dismantle it now

  • all we can do is to educate each other but what's actually going on

  • and to prepare for what may be very extraordinary

  • circumstances

meet Uncle Sam he has a lot of bills to pay

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A2 初級 美國腔

2018年美國的債務危機簡解解讀 (Debt Crisis of United States of America 2018 Explained in a Simplified Way)

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    王惟惟 發佈於 2021 年 01 月 14 日
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