Can the U.S. economy only have a deficit to take advantage of the world? Why?

Personally, I don't think it's all, as the world's largest economy, the status of the US dollar as the world's common currency is incomparable.

In recent years, there have been many currency wars, and the deficit can be taken advantage of, but not all.

After all, there is a gap between the export volume of its own sweaters and the growth of the export volume, just like one punch is hard to beat four hands.

What's more, the internal friction in the United States is also very large, and imports are still unavoidable. And, it's going to get bigger and bigger.

You can write something from dollar status.

Personal originality, hope. Hope it helps, thank you.

The deficit of the United States is that imports are greater than exports, and the so-called advantage means that it can consume goods and services from other countries for free, so why is it free? Because the dollar is the world currency, the United States has an absolute advantage that all other countries do not have, the dollar can buy things all over the world, and the deficit means that the United States needs to pay a huge amount of money abroad. When the U.S. doesn't have enough money, it can print money and let the world bear the inflation, but if the U.S. keeps running a deficit, it will have a huge debt, a debt crisis, and when all the creditor countries come to ask for debt, the U.S. can't cope, but it's hard to happen because the U.S. is the largest economy.

It is not enough to take advantage of the country that suffers from the loss.

First of all, let's popularize a financial common sense, what is called".DeficitFor example, there is ** exchange between our country and the United States. We exported our products to the United States, sold for $200 billion.

And the goods that the United States exports to our country sell only 150 billion dollars. That's a surplus for our country.

Earned $50 billion. For the United States, it is the first deficit, with a loss of $50 billion. According to official statistics, the U.S. deficit in 2021 reached a record high of $860 billion.

So what does the United States use to support such a high ** deficit?

1 .The economy is large

The GDP data of the United States in 2021 is about 23 trillion US dollars. What is this concept? It accounts for more than 1 4 of the world's total GDP.

The advantage of a large economy is that it can calmly cope with shocks from all sides. In 2021, although the U.S. deficit is as high as $860 billion, compared to the size of the economy, this data is simply insignificant. The United States does not have to worry at all, because of the economic shock caused by the ** deficit.

2 .The dollar is firmly in holdWorld currencyHegemon, banknotes and treasury bonds can be printed at will

What does a deficit mean? It is the flow of money from one country to another country. But the last thing the United States lacks is dollar money.

Because of the international **, they are all settled in US dollars. And the dollar is printed by the United States itself, so as soon as the money printing machine is started, there is a lot of money. Most importantly, the US dollar has always dominated the world currency.

The first exchange between countries in the world must use the US dollar. Then every country believes that jujube must reserve dollars. Therefore, even if the United States prints hundreds of billions of dollars more every year, it will not lead to the depreciation of the dollar.

3 .The United States is not at all afraid of going into debt

The debt owed by the United States is as high as $28 trillion, which is higher than its GDP figures, and it is the only one in the world. The annual deficit will be compensated by issuing some treasury bonds. Some people may ask, why is the United States not panicking at all when its debt is so high?

Because there is no need to panic at all. The dollar slippery dismantles the world's common U.S. bonds.

It can also be used directly for settlement**. As long as there is a successor, the United States will not have to worry about its debt problem. It is only necessary to "tear down the east wall and make up for the west wall", issue new US bonds, and repay the old US bonds.

Therefore, not to mention that it owes 28 trillion, even if it is 38 trillion or 48 trillion, it is just a number for the United States.

China and the United States, the two countries' most advanced travel between Chuntong, we are in surplus. On the surface, it seems that we are more good at doing business and making money. However, we have a population of 1.4 billion, while the United States has only 400 million, which also reflects that the United States' consumer purchasing power is much stronger than ours.

And the fundamental reason is that the American people are relatively wealthy. Our country has always given people a strong and prosperous feeling in recent years, and it has become more and more influential in the international community. However, we must also clearly understand that although it is strong, the gap between it and the United States is still not small.

If the renminbi can compete with the dollar, it will still take many years of hard work.

The low-end industry in the United States is underdeveloped, and the daily necessities of the people need to be imported from other countries in large quantities. They support the deficit through the rate of return of high-end manufacturing and high value-added industries.

This is because many countries are trading in dollars, which is why this situation occurs, and it is related to the development of the United States.

Because the industrial structure of the United States determines that the United States needs to import a large number of products, it needs to solve the market demand in the country by destroying low-end manufacturing products; Because it is a hard currency, it can be used in any country.

Disadvantages: Change the traditional concept of pursuing a surplus and strive to pursue a balance in foreign trade. The traditional concept is that exports are good for foreign exchange earnings, and a surplus is a good thing, and a deficit is a bad thing. This concept has dominated China's policy and practice for a long time.

In fact, a country's foreign affairs should pursue a long-term basic balance of imports and exports, rather than a long-term surplus. China is a large developing country, and not all the benefits brought by the long-term ** surplus. First of all, although the surplus increases foreign exchange reserves, from the perspective of maximizing the utility of resources, the resources are underutilized; Second, the sustained high surplus leads to the expectation of RMB appreciation, which in turn leads to an increase in net capital inflows, which in turn leads to the pressure of RMB appreciation. Third, a huge current account surplus will translate into pressure on a large amount of money, which will become an important factor in the rise of the inflation rate.

On the contrary, the results of the deficit are not all bad. First, an appropriate deficit is conducive to alleviating short-term disputes and long-term stable growth; Second, the deficit is actually equivalent to investment in the purchase of productive equipment, as long as the investment project is properly selected, it can not only supplement some domestic shortage of raw materials, but also quickly increase production capacity, increase employment, and increase economic aggregate; Third, the deficit can reduce the expectation of RMB appreciation and slow down the rate of net capital inflow. Fourth, the short-term deficit will help ease the pressure of inflation in our country and increase the room for operation of our monetary policy.

One of the important reasons why the United States imports more than exports for a long time, I think, is that the cost of human resources in the United States is so high that the United States has to import from other countries to reduce its costs. The advantages are obvious: make full use of comparative advantages, save domestic labor and product costs, obtain greater output with the cost saved, and use resources for more reasonable purposes, because most of the United States imports some labor-intensive and resource-intensive products, and technology-intensive products are produced by the country itself; The disadvantage is that the U.S. economy has been in a passive state for a long time, and the friction with other countries will increase, coupled with the large economic deficit of the United States in recent years, it has been continuously increasing the supply of dollars, making the U.S. dollar continue to depreciate, and the credit of the U.S. dollar is declining.

In order for the dollar to become the only world currency, it must bear the obligation of the United States to become an absolute deficit country. Originally, a country's currency was circulated in its own country from the central bank.

Now that it is the world's currency, the dollars printed by the Federal Reserve must be circulated globally, and if there is no large outflow out of the United States, how can people in other countries have dollars. Therefore, the deficit of the United States is inevitable and has little to do with ** in essence. After the collapse of the Bretton Woods monetary system and the decoupling of the dollar and **, the United States as a whole has always been in deficit.

If a country often has a deficit, in order to pay the import debt, it must sell its own currency in the market to buy other countries' currency to pay the debts of the exporting country, so that the national income will flow out of the country, weakening the country's economic performance.

In order to improve this situation, it is necessary to devalue the country's currency, because the decline in the value of the currency, that is, the reduction of export commodities in disguise, can improve the competitiveness of export products.

The value of the U.S. dollar is greater at the same exchange rate because it is more liquid. For a country with the same value of dollars and yuan, everyone must give preference to the US dollar. Because of the dominant position of the US dollar, the value of the US dollar is definitely higher than **.

In this way, in the process, everyone will generally give priority to earning dollars. Coupled with the fact that countries such as China restrict the international circulation of their currencies and buy large quantities of U.S. Treasury bonds, the U.S. ** deficit is inevitable.

The United States and many other countries have a deficitBut he is the world's largest consumer market, but the economy of the United States is still very large, and people in the United States generally put their money in insurance, they like to invest, and the money is stored in investment businesses such as real estateWon't put money in the bank.

The United States has been clamoring that there is a huge deficit with other partners, and Trump also hopes to narrow this deficit through the escalation of friction, so that the deficit between the United States and other countries can be narrowed. Actually, beautyChina not only has an annual deficit of $100 million with China and other countries, but also has a huge deficit with most countries in the world.

Don't look at the United States, which has a population of only 100 million, but the United States is the world's largest consumer marketAnd Americans like to spend ahead of time and overdraft consumption. However, in the United States, the low-end manufacturing industry is basically blank, and it can only import a large number of cheap goods to other countries. To put it bluntly, after the global division of labor, the United States is mainly engaged in high-end manufacturing, while the daily necessities of the American people can only rely on imports.

In this context, it is not surprising that the United States has a large deficit with most countries.

The average American has five insurance policies and keeps the money in insurance. Because the rate of return on insurance is 5% or higher, which is much higher than the savings rate of American banks, and has long-term benefits, many insurance companies have more money and more say than banks. Because the U.S. benefits are better, and insurance can play the greatest leverage, soAmericans are more willing to invest, real estate, industry, bonds, trusts, collectibles, etc. occupy most of the investment market, and no one wants to put their money in the bank.

1.Exports, including: Exports, high-tech chips, electronic products, mechanical and electrical products, automobiles and spare parts, aircraft, agricultural products, livestock products, beverages, food, seafood, power generation equipment, machinery and equipment, film and television entertainment, tourism revenue, services.

2.The calculation of the deficit is inaccurate, although an Apple mobile phone is assembled and produced in China and shipped to the US market for sale, it can be seen from the distribution map of Apple mobile phones that many raw materials and profits are not made by China, and in the entire interest chain, China only has artificial profits. The largest profit was made by the United States, but the single mobile phone was calculated in the deficit.

3.Issuing bonds and borrowing money, starting the money printing press, and using various means to depreciate and shrink the dollar reserves of all countries in the world.

What ** deficit, that is all raw materials or low-value things, the United States will earn back several times by selling some high-tech things, and these accounts cannot be seen, for example, in China's foundry, the things sold pay taxes to China, which is considered that China sells its own people, but in fact, many profits are taken by the Americans.

Printing money and borrowing money for its so-called prosperity, the American idea is that he is a policeman, and if he dies, the whole world will be gone.

Quite simply, the US dollar is recognized as the world's most recognized international currency!

The U.S. central bank only needs to exchange pieces of paper for a large amount of valuable resources or other commodities, and it doesn't matter whether it is in deficit or not!

It's like if you take a piece of paper, write down the amount of money, and exchange it for someone else's things, what else do you have to think about?!!

Just print money.

In most countries, physical goods are exchanged for U.S. dollar bills in the United States.

International Oil** requires settlement in US dollars.

Due to several reasons, it is possibleThe United States only needs to turn on the money printing machine to buy goods from all over the world, American services**, the financial industry, intellectual property, and travel are all profitable, and the ** bonds of the United States will make the money flow back。So the United States is still the most economically powerful country.

First,From an international point of view, the U.S. currency is the world's most important settlement, so the United States, which issues the U.S. currency, must have its funds outflow internationally, otherwise other countries will not have U.S. dollars. The United States will go out with its dollar, but as long as they have a money printing machine, they are not afraid that they will run out of money. As long as the United States starts the printing press, it can buy the goods of the world.

Second,The outflow of capital from the United States, its main services**, the financial industry, the knowledge industry, and travel services can all bring huge profits to the United StatesFor example, last year, the United States had a deficit of 620 billion yuan, so the financial industry, intellectual property, services**, and travel earned 300 billion, and their surplus was only 300 billion. So even with a deficit, he is still an economic powerhouse.

Third,The ** bond issued by the United States, this bond can earn interest from other countries, and this way can allow other countries' funds to flow back to the United States. For example, if China has a surplus of $300 billion in goods with the United States every year, then China holds more than $1 trillion in U.S. national debt. This kind of behavior of the United States is to collect interest from other countries, and it is the same as charging interest for loans to other countries, so even if the United States has a national deficit, it is also the most economically powerful country.