There has never been printed wealth in this world, and wealth can only be created by labor. This is the most basic law and th
There has never been printed wealth in this world, and wealth can only be created by labor. This is the most basic law and the simplest theory. Therefore, the statement that US GDP is printed in dollars should be nonsense and cannot stand scrutiny.
So far, no country in the world has become rich through excessive currency issuance, and no country has become a powerful country through excessive currency issuance. In fact, this argument of printing GDP is far-fetched in theory and can't stand scrutiny in argument. In essence, it is extremely harmful, which will lead people to ignore the inherent laws in economic activities and encourage the thinking mode of "cutting corners", and finally they can only pay the bill themselves. Zimbabwe has tried it, and Venezuela has also tossed it. As a result, it is obvious that both economies are in a mess.
It is often seen in some comments that the United States is the world's number one GDP by printing US dollars, and it is also the world's number one power by printing US dollars. If there is any doubt about this statement, someone will move out of the hegemonic system of the dollar and say something. In fact, this is hard to justify. For example, the Federal Reserve, known as the "printing press", was founded in 19 13. In other words, it was not until 19 13 that the United States had a traditional central bank. However, as early as 1894, the GDP of the United States has surpassed that of Britain and become the first in the world. How do you explain this?
Before the start of World War II, even after the unprecedented Great Depression, the total GDP of the United States was far ahead of other countries. Take the data of 1938 as an example. At that time, the GDP of several major countries in the world was $84.7 billion, Germany $36 billion, Britain $27.5 billion, Soviet Union $23 billion, France 162 billion and Japan $9.4 billion. Obviously, the gap between the United States and other countries is obvious.
During World War II, the United States produced 102000 heavy tanks, 2.38 million vehicles, 2,625,024 fighter planes, more than 260,000 guns, 156 aircraft carriers and 1300 other warships. The weapons delivered to the allies alone are as high as 34 million tons.
The Bretton Woods system (dollar system) agreement was signed in July 1944. At that time, World War II was drawing to a close, and the overall situation was decided. The time when the Bretton Woods system really worked was after World War II. In other words, when the United States became the world's largest GDP, produced so many weapons and became the strongest country in the world as a whole, the dollar system had not yet been established, which naturally had nothing to do with dollar hegemony.
There were two basic conditions for the establishment of the US dollar system (Bretton Woods system) at that time. First, because the two world wars led to the disorder and chaos of the world financial order at that time, a "carrier" was needed to regulate and balance it. Second, at the end of World War II, the United States praised 75% of the world's gold. Therefore, on the premise of the gold standard, the dollar has the ability and stability to become the intermediate carrier of currency conversion, and naturally has the credibility of reserve currency. In order to ensure these two basic duties of the dollar, the World Monetary Fund and the World Bank came into being.
With the recovery of the post-war world economy and the massive increase of some newly independent economies, the demand for US dollars as a world currency has soared, but the growth of gold obviously cannot keep up with the demand for US dollars, and the little gold reserves in the United States can no longer match the US dollars. In the long run, not only the credibility of the dollar will be lost, but even the world economy will be affected by it, and the world financial order may fall into chaos again. In desperation, the United States had to abolish the Bretton Woods system in the early 1970s.
During the Middle East War, some major oil-producing countries in Arab countries twice punished western countries that supported Israel by reducing production and embargoes. The consequence is that there is no winner. Because the economies of western countries have been damaged, and these oil-producing countries have no money, this has also affected other countries in the world. Based on this, the United States began to pay attention to the oil problem and established a new dollar system linking oil to the dollar. Therefore, from the original intention, the original intention of the United States to establish a new dollar system is only to stabilize its own resource supply. The starting point is not to make profits through money, because the United States also has to pay for oil, and the price is not lower than other countries.
Of course, after the oil is tied to the US dollar, especially the nature of the US dollar as an international currency and a major reserve currency, it will naturally make the United States gain economic benefits that are close to the water, as well as political interests that use the US dollar tool to interfere in international affairs. There is indeed a hegemonic factor in this. However, the world is a little helpless. For example, people can envy and envy bankers for making money easily, but the prerequisite for bankers to make profits must be capital and credibility. So we can't ignore the stability, appreciation and support of the dollar system. In other words, if other currencies want to replace the dollar, they must have the above three characteristics of the dollar. Otherwise, it can only be a fantasy. Historically, the yen and the euro also have strong momentum, but both gave up the challenge to the dollar because of lack of stability, appreciation or support.
The Federal Reserve often overspends, and the foreign debt of the United States has reached a record $28 trillion. In addition, in the proportion of GDP in the United States, the proportion of secondary industry (industry) is only 18%, while the proportion of tertiary industry in the United States is as high as 8 1%. Based on the above three points, there is a saying that "US GDP is printed in dollars". In fact, in the GDP of the United States, the financial industry only accounts for 6%. In fact, the financial industry in other countries accounts for a large proportion. The reason why American financial industry supports GDP is that American financial derivatives are developed. This also shows from the side that the financial derivatives industry in other countries is not open enough, and there is still room.
Let's talk about America's foreign debt and excess currency. First of all, it needs to be clear that the Federal Reserve, an institution that issues money in excess, is not a state-owned central bank in the traditional sense. Its assets do not belong to the U.S. government, but to shareholders. The composition of shareholders is not only complex but also dynamic. In essence, there are two basic conditions for the Federal Reserve to issue money on behalf of the US government. Second, the U.S. government should not only pay back the money, but also pay interest. To put it bluntly, it is to borrow money to "consume in advance" and stimulate the economy. Stimulating the economy has two purposes, one is to survive, and the other is to "pay off debts." And since the debt has to be paid, it can't be printed. For example, the principle of buying a house with a mortgage loan is similar to that of the US dollar.
Probably many people have had the experience of buying a house with a mortgage loan. Obviously, it was borrowed from the bank. Then what nature works hard, works hard, and the purpose is to pay back the money. So, in essence, your house is earned by your labor, not a bank loan. Of course, if you don't return it, that's another matter! But is it possible? America's foreign debt is similar to this principle.
It is natural that the US foreign debt that has exceeded $28 trillion needs to be repaid. Otherwise, the dollar will lose its credibility and the American economy will collapse. How to return it? Of course, it depends on labor income. As we all know, there are two forms of labor, namely manual labor and mental labor. The United States is a financial "master" and a powerful country in science, technology and manufacturing. Therefore, in addition to the financial industry and financial derivatives, the GDP composition of the United States is also high in technology products and added value of manufacturing, and the profit margin is naturally large. Therefore, the United States has the ability to pay the interest on the "loan" and return the principal that creditors urgently need to recover in time, because in principle, the foreign debt of the United States can be released at any time. On the other hand, the reason why many economies subscribe for American debt can at least show that they believe that "capital" will not be wasted.
Playing finance requires capital and brains, as well as taking risks. High-tech needs capital, education, technology and brain power. And mental work is also labor. To sum up, it has actually answered the question of whether the GDP of the United States is printed or earned.
One-third of American GDP is based on high technology, one-third is plundered by war, and one-third is cut by printing money and shearing wool. So Americans live a free and chic life. If they don't have enough money, they will print it out and high-tech companies will sell it at sky-high prices. Only America can have it. Who refuses to do it, and only China does it.
Is the GDP of the United States printed in dollars or actually made? Just look at the most superficial things in the United States and you will know how the GDP of the United States came from-
1, Hollywood film and television drama, do you think any country in the world can compare its film and television drama production level and overall strength with Hollywood in the United States? The top ten movies at the global box office are all from Hollywood, and the top 50 movies at the global box office are all from Hollywood. Therefore, the "GDP" of the film and television drama industry ranks first in the world in the United States, which should be indisputable. Hollywood movies such as The Matrix, Star Wars, Godfather, Terminator, Avatar and Titanic have become phenomenal movies in the world, while American TV dramas such as Friends, The Big Bang Theory, 24 Hours and Lost have become phenomenal TV dramas in many countries around the world.
Can Hollywood's "GDP" be printed by printing dollars?
2.500 companies, the least important thing is that in recent decades, the United States has always accounted for the highest proportion of the world's top 500 companies, and the United States has also accounted for the largest proportion of the 100 companies. Among the top 500 companies, the total number is also the largest in the United States. In the list of the world's top 500 companies in 2020, five American technology companies, including Apple, Microsoft, Amazon, Alphabet and facebook, occupy the top five. In the top ten, only China's Tencent and Ali occupy the sixth and seventh places, while others are American enterprises.
American enterprises are leading enterprises in many industries. Boeing for airplanes, Apple for mobile phones, Amazon for e-commerce, Facebook for Internet socialization, Microsoft for computer operating system, Ford GM for automobiles, Tesla for electric vehicles, GM for motors, AMD for chips, Harley for motorcycles, Wal-Mart for traditional retail, Johnson & Pfizer for biopharmaceuticals, JPMorgan Chase for commercial banks, Disney for entertainment industries such as movie theme parks, Netflix for streaming media, Coca-Cola for beverages, Nike for sporting goods, and so on. In today's world, almost no second country can have so many leading multinational companies in industries and even fields. Europe is dying, and there are very few leading enterprises. Apart from German cars and French fashion brands, Japan is dying. In addition to Toyota, it is also a leading enterprise in the automobile industry. Most of them are weak, and most of them are overtaken or even a few blocks behind by China enterprises. China is probably the only country that can compete with the United States, but only the Internet and emerging industries can China truly be called a world-class industry leader. In other fields, especially traditional physical industries, although the overall manufacturing industry is also very strong, the overall strength of the selected enterprises is still far from that of the United States. Manufacturers in many industries are reluctant to do it in the United States. The most typical example is that Apple, the top-end mobile phone company, is American, but Motorola, once the most powerful mobile phone company in the world, sold it long ago and is now in Lenovo's hands. However, the overall strength of Lenovo mobile phones belongs to the "other" level outside the top five, both at home and around the world.
These GDP in the United States cannot be printed by "printing dollars".
3. Military strength: Lockheed Martin, Boeing, Raytheon, Northrop Grumman and other military enterprises are all top enterprises in the world. Many fighters, warships, missiles, all kinds of guns and weapons they developed and manufactured are supplied to the whole world, except China and Russia, so the US military has all the top military weapons in the world. No matter the Gulf War or it has been proved that these weapons made by Americans are top in performance and power in the world today. No country can match their weapons. In the past, there were weapons made by the Soviets that could compete with them. Now Russia has fallen. Although the thin camel is bigger than the horse, it is a thin camel after all, and China may compete with the United States in the future.
The GDP earned after American weapons are exported to the world cannot be printed by printing dollars.
4. American agriculture. The real agricultural population in the United States accounts for less than 3% of the total population in the United States, which means that there are only a few million real farmers in the United States. The grain output of the United States accounts for about 1/5 of the world's total output, and it is the largest exporter of crop products in the world.
5. Animal husbandry, etc. We all know that American cows are famous all over the world, so the United States has always been a superpower in the production and export of livestock products, ranking first in the world; The output of pork accounts for 10% of the world's output, ranking second in the world; Poultry production accounts for 22% of world production, ranking first in the world; Egg production accounts for 9% of world production, ranking second in the world; Milk production accounts for 15% of world output, ranking first in the world. Cheese production accounts for more than 30% of the world's output, ranking first in the world.
American cowboys are famous all over the world.
Others are fishery production, ranking sixth in the world; The output of forest products such as hazelnut and walnut ranks second in the world.
Although natural disasters and various forest fires that may be caused by human beings in the United States have brought great trouble to the United States, the most famous one is the various disasters brought by American tornadoes to many parts of the United States, so Hollywood even made a movie called Tornadoes. Many Hollywood film and television dramas have mentioned the various disasters and influences brought by tornadoes to the United States, but the strength and level of the United States in fishery, animal husbandry and even forestry products are among the top ten in the world, and it is profitable.
6. Energy. Although Texas, the largest energy region in the United States, has recently experienced a man-made disaster of power shortage, it is undeniable that the United States has become the world's largest oil producer with shale oil. In fact, shale oil is not only available now, but the United States has always been a world-class energy power. Have you seen China's movie Entrepreneurship in the 1970s? Before leaving China, the big boss of American oil company shouted: "Mobil ... Without Mobil, you will be in darkness ..." (Haha, I'm sorry, it seems that this line has forgotten, which means that China people will be in darkness without Mobil oil) Of course, New China has not been in darkness without Mobil oil, but China has really been in a relatively backward position in oil production, and its overall industrial strength has been relatively weak, and its power supply time has been relatively long. But American oil companies have always been the top companies in the world, the most famous ones are Exxon and Mobil (it seems to be a merger), as well as China's PetroChina and other large state-owned enterprises. My impression is that they will gradually catch up with world-class oil companies in Europe and America after the new century. At present, China's energy industry, especially the new energy industry, is among the best in the world, but the United States has always been a world-class power in energy.
You can say that American energy history is closely related to American military war history, but you can't say that American energy GDP is in Indian dollars. Especially in the past decade, Americans have made great achievements in the research, development, manufacture and production of shale oil. More than a decade ago, I also read media reports that Americans have various problems in shale oil refining, but in recent years, the United States has become the world's largest oil producer with shale oil. This is definitely not by "printing dollars", but by down-to-earth exploration, research, exploration, various scientific and technological innovations and real work to win performance.
No matter what you are anti-American for, no matter how varied you are, I personally think there is nothing wrong with it, as long as you feel good about yourself, as we often say, "You are happy", but it can be said that the United States ranks first in the world by printing US dollars for GDP, just as some people say that the United States is strong by making war money, and its mentality is a bit of a frog in the well, or it is a kind of self-paralysis. Think about how many American products you use, and see how much American culture my answer involves. Go out and walk on the main road to see how many people are using American products, how many American cultures are in it, or how many American products and American cultures are hidden in front of your eyes. You should not know the power of the United States in this way, which is not harmful to your correct understanding of the world and the development of China.
Both. First of all, it is dry. The second is to print more dollars, which are made of wool from all over the world. The third is to wage war and sell arms! The fourth is to fight a trade war, with sanctions and tariffs as the starting point.
If printing money can make countries rich and strong, then Venezuela and Zimbabwe must be the richest countries in the world. But in fact, the collapse of their financial system fully shows that it is not feasible to get rich by over-issuing money, and in the end, they will only shoot themselves in the foot.
The strength of the US dollar, as well as its strong liquidity and reserve currency attributes, make many people have the illusion that the strength of the United States is achieved by printing dollars indiscriminately, thus gaining the wool of the world. This view is not only ignorant, but also dangerous. If we want RMB to go to the world one day and become a common currency in the world, we must fully understand the US dollar, learn its advantages and absorb its advantages. If we always think that the US dollar belongs to bonus hunter and look at it with colored glasses or even hostility, it will be harmful to us. Know yourself and know yourself, and you will win every battle.
Theoretically, the Federal Reserve, which issues dollars, does not belong to the US government. It is an independent company. To put it bluntly, the Fed's over-issuance of money actually means lending money to the US government, and eventually it will have to pay back the money. It's like borrowing money from a bank to buy a house. Do you think the bank gave you this house, or did you work hard to get it? Be clear at a glance.
In fact, the financial industry only accounts for 6% of US GDP. The dollar is strong because the financial derivatives in the United States are very developed. Compared with this, we have a big gap in this respect, which is the direction we should work hard. The reason why the American economy is developed is that science and technology are developed, and financial derivatives are used to promote the development of industry, agriculture, commerce and tertiary industry. This is the real reason for its development.
Don't say that the dollar is the wool of the world. Before the establishment of the Bretton Woods system, the GDP of the United States was the highest in the world. Any accumulation of wealth comes from hard work. The United States can have today's status and the dollar can have today's credibility, all of which are the results of the efforts of more than ten generations of others. We don't sell ourselves short, let alone sell ourselves short. Only by keeping our feet on the ground and working hard can we finally catch up with the United States.
The GDP of the United States is produced hard and printed in dollars. Why do you say that? Just look at the history of America. But this "hard work" of the United States relies on war and plunder, and it is a real work of war and plunder.
This land in America originally belonged to Indians. It was Europeans (mainly British and French) who killed the local Indians with guns, plundered them, and robbed a large area of land from Mexico through the US-Mexico War, thus forming a big country-style America. In order to develop the economy, white Americans started the idea of human trafficking. They caught a large number of blacks from Africa and other places as slaves of farmers and miners, and made the first pot of gold by forcing these blacks (and Asians) to work.
In World War I and World War II, the United States made a fortune by selling arms, and became a world power and the world's first power. After World War II, the United States played the role of the world police. In order to export American-style values and weapons, it constantly waged wars to safeguard its hegemonic role. After establishing the role of national hegemony through war, it also engaged in financial hegemony, established the hegemonic position of the US dollar in the world, collected wool from other countries with Indian dollars, and continuously transfused blood to the American economy.
Therefore, hegemony is the foundation of US GDP development, arms sales are the main channel of US GDP development, and printing US dollars and bonus hunter are the main ways to maintain the hegemonic position of US GDP. Hegemony, weapons and the dollar complement each other, forming a seemingly unshakable picture of America first, but this is just a fog, which will be broken by the people of the world one day.
The Yangtze River sometimes breaks the waves, straightens my muddy sails and builds a bridge in the deep sea. The upcoming events cast a shadow over us. We need to make the wind and waves rise steadily, which is the mind of Diaoyutai. Only by doing things can we revitalize the country. No force can stop the great dream of the Chinese nation's rejuvenation.
According to the representative of the topic, America is: weapons support hegemony, hegemony supports dollar, and dollar in turn supports weapons. But have you ever thought: Can dollar hegemony support advanced weapons? This is definitely impossible. Being rich doesn't mean having advanced weapons. Then, it is obviously impossible to have the most advanced weapons if you have money. Advanced weapons mean advanced science and technology-advanced science and technology means more talents-more talents means good education, attracting talents and giving full play to talents. In fact, to put it bluntly, it is still a human problem. I didn't say so much about defending the United States, but I just wanted to tell you a truth: the rigor of logic is very important, and you can't look at the problem one-sidedly. Telling the truth is still helpful to people.
Let's talk about dollar hegemony. In fact, dollar hegemony was slowly formed after World War II. World War II led to the decline of most powerful countries and big countries, and the United States became the only economic power. As a result, they established the "Bretton Woods system" in which the dollar and gold were on the same footing, making the dollar a universal commodity.
Later, with the development of economy, the dollar could not be mixed with the benchmark gold, because gold was limited and there were too many dollars. The United States once again linked the dollar to oil, so the dollar became the final settlement currency of world commodities, and its hegemony continues to this day. This can also explain why the United States is so concerned about the situation in the Middle East because there is oil in the Middle East.
I want to say that as early as 1894, the United States surpassed Britain at that time and became the world's first industrial power. It seems that he was "the first in the world" before World War II. At that time, the dollar was not in the position of the world's currency overlord! That doesn't make sense either. The rise of the United States as a world superpower is only due to the hegemony of the dollar.
The only reasonable explanation is that in World War II, the United States and the United States showed great strength and won. The mainland did not suffer losses and became the country that benefited the most, and then the US dollar became the world currency! You have time to find out how many things America made in World War II. ...
Advanced weapons have something to do with the dollar, but it is not the only relationship. As mentioned earlier, advanced weapons prove advanced science and technology, and advanced science and technology proves advanced talents. Talents explain two things: 1, a good talent training environment; 2. Only people are willing to go. Everyone should know where talents all over the world love to go!
The number of people who have won the Nobel Prize in American countries is more than that of other countries in the world combined. Check the number of inventions and creations in the United States on the Internet. The things we use online are basically invented by the United States, such as the Internet, mobile phones, computers, mice, keyboards, chips and so on.
Is America's GDP printed in dollars? I doubt the fact that the United States prints dollars indefinitely. Because according to the published data, it is not the United States that prints the most money, so you can find out which M2 (broad money) is stronger when you have time.
In fact, if a currency can be used as the world currency for a long time, it must meet two conditions: first, the country can maintain long-term stability and the currency will not become paper; Second, the currency will not depreciate sharply, otherwise the holder will not be willing to hold it. In short, everyone is not stupid. Never heard of anyone willing to hold a large amount of Venezuelan currency!
GDP means: the gross national product in a certain period, usually calculated in years. The GDP of the United States is about 2 1 trillion dollars, which is composed as follows:
The tertiary service industry accounts for more than 70%: finance and real estate (20.3%), professional services (12.2%), education and medical care (8.3%), wholesale (6. 1%) and retail (5.9%).
The secondary industry is dominated by manufacturing, accounting for about 28%.
The primary industry is agriculture, forestry, animal husbandry and fishery, accounting for only about 1%.
The relationship between primary, secondary and tertiary industries is that the primary industry is responsible for providing raw materials, the secondary industry is responsible for processing and manufacturing, and the tertiary industry is responsible for consumer services.
From this, we can also find out why the United States, with a population of less than 400 million, has become the largest consumer market in the world, just because the tertiary industry is developed!
Does the low proportion of manufacturing in the United States mean that they can't? I don't think so. After all, people are still at the top of the supply chain Everyone should know that the global chip supply is tight now! In fact, some problems have been explained.
Have you ever seen any country print GDP by printing money? In this case, aren't countries like Venezuela and Zimbabwe the first in GDP in the world? After all, there are countless zeros behind a bill.
Finally, I want to say that American countries do have the problem of hollowing out industries, so they want to return manufacturing to strategy. However, it is also true that the United States currently occupies the commanding heights of science and technology, and it is also true that most of the products we manufacture are low value-added products! What we have to do now is to strengthen the cultivation and introduction of talents and rise up in high technology. No way, the future fight is who mastered the core technology first. Of course, the GDP of the United States comes from hard work, and the status of the dollar also comes from hard work. The status of the dollar comes from World War II, the powerful manufacturing industry in the United States, 100 more than aircraft carriers, hundreds of thousands of planes, hundreds of thousands of tanks, and millions of guns directly crush the Axis countries. After World War II, Britain, France, Germany, Japan, the Soviet Union and Italy were in ruins, which was also the Marshall Plan of the United States. However, through the loan bill, it provided more than13 billion military aid to the Soviet Union, and the United States became a world creditor. At that time, the dollar was linked to gold, and the world's major currencies were also converted in dollars!
After World War II, the economic, technological and military strength of the United States has always been the first in the world. Although the former Soviet Union had a short-term military strength that could compete with the United States in the 1970s and early 1980s, its economy and technology were still no match for the United States! The United States dominated the disintegration of the former Soviet Union in the 1990s. The first air force in the world is the US Air Force, and the second in the world is the US Marine Corps. The first navy in the world is eleven nuclear-powered aircraft carrier brigades in the United States, and the second in the world is the retired conventional power aircraft carrier in the United States! The number of the army is small, and the overall combat capability is the first! In terms of science and technology, the United States has the largest and best university, the world's first Nobel Prize, the first country to land on the moon, the first aircraft to fly out of the solar system (Voyager I and Voyager II), the world's largest GDP, the world's largest financial center, the world's largest stock market and so on! So many firsts, in turn, protect the status and credit of the dollar and make it a world currency! Iran, Venezuela, South Africa and Zimbabwe without dollars are all countries with economic crisis and inflation!
I totally agree with Qin An's point of view that weapons, hegemony and dollars support each other and develop as one!
After the United States seized territory by killing Indians, it built more than 10,000 dams and 600,000 kilometers of railways (later demolished 200,000 kilometers) by virtue of superior geographical conditions and bizarre capitalist development, which laid the foundation of the national economy! 1 1 1 developed transportation, and 2.6 billion mu of mechanized cultivated land will be protected by drought and flood!
In the future, we will buy and sell wealth in countries around the world by hegemony, and then subsidize the money earned by selling weapons in agriculture, and print a lot of dollars to exchange reserves in countries around the world!
Suppress the economic crisis with hegemony!
Suppress the economic crisis by selling weapons by force!
Suppress the economic crisis by forcing other countries to reserve dollars!
Therefore, American imperialism will not die!
American GDP was stolen and robbed! Some people may not believe that the GDP of the United States was indeed stolen and robbed.
First of all, American land was stolen and robbed. As we all know, the land they now own belongs to Indians, and they got it at the expense of Indians' near extinction.
Second, American technology was stolen and robbed. Germany was robbed during World War II, and later it was robbed from Europe and Japan. Both Japan and Europe have had painful experiences, but they dare not speak out.
Third, American oil hegemony and dollar hegemony were stolen and robbed. Don't say this, a data can explain the problem well. Since the founding of the United States, there has been no war for only 16 years! For more than 240 years, only 16 years did not fight. If it weren't for stealing, how could there be America now?
So many people see the power of the United States, but they don't care about the reasons behind it. Now America is supported by people all over the world. It's not how smart Americans are, nor how good they are at things. The United States is just a robber country and has done everything it wants!