Three Kingdoms Bond Game

The program started with Maodan for economic analysis, and then the program team members discussed it. Maodan sat at the round table and said: "Looking at the trajectory of the world economic development over the past 63 years, it can be said to be ups and downs. Since the founding of industrial countries, Daguo countries have gradually faced the environmental pressure caused by industrial development. With the appreciation of currency and the increase in wages, Daguo countries began to transfer light industry and industrial enterprises with high pollution to developing countries. This is industrial transfer.

Industrial transfer has improved the environment of Da countries. Developing countries take advantage of their large population to vigorously develop labor-intensive industries. They produce a large number of low-quality and low-priced light industrial products and sell them to Da countries. They allow Da countries to enjoy high-quality and low-priced light industrial products in a beautiful natural environment. This has enabled Da countries to enjoy the best of both worlds. Multinational corporations in Da countries monopolize the distribution of world wealth. They control the flow of resources and wealth through capital output. Most of the world's wealth flows into Da countries through product exchange. Da countries have money and their citizens enjoy high welfare. So Huda countries gradually evolve into several happy countries with high wages and high welfare.

However, the appreciation of currency and the increase in wages have also pushed up the cost of living. This trend has forced factories in Delta to transfer to developing countries one by one, and the remaining core parts of product research and industrial products in Delta are the only ones left.

This situation has lasted for decades. At the beginning, the country relied on selling cars, aircraft, and computers - high-tech products, and exchanged them from developing countries for light industrial products. In the past few decades, the country has also risen and caught up. What they want from the country is advanced production technology, but the country does not want to sell its own technology to other countries.

In recent decades, domestic factories in advanced countries have been almost transferred outward. Their citizens have to import needles, threads, screws, and cranes and aircraft, and automobile parts from developing countries, which has led to a trade deficit.

What are the trade deficits in the country? They are thinking that the high technology they own cannot be sold, and the resources they own cannot be sold, so what are the remaining ones to make up for the deficit? Later, a smart man came out and he suggested to the politicians: We sell our own national debts to the developing countries. The politicians in the country immediately adopted this trick. They talked about the conditions with the developing countries. They said: The US government bonds are the safest national debts in the world and the best interest rate conditions. If you buy them, you will maintain value and increase your value.

When developing countries face the advanced technology, they don’t sell their resources, and don’t sell their good things, so what can they want? Later, through comparison and comparison of the national bonds of countries around the world, they thought it was still feasible to buy US Treasury bonds. In this way, industrial finished products produced by developing countries were sold to the United States in a steady stream to exchange for US dollars; and then they bought US Treasury bonds with US dollars.

Americans are happy. They do not have to work and just print and print government bonds. Selling government bonds can use the best industrial products produced by developing countries for their own enjoyment, so as to maintain high welfare in their own country.

But this trend is getting worse and worse. Americans have sold more and more national debts in more than ten years, and even his government has to rely on raising the debt ceiling to maintain operations. Things in the world always end. Borrowing money requires repayment. Now I don’t know what this national debt game will look like at the end of the curtain call?” He said that it was time to rest here. If you want to know the full picture of the world economic trend, please listen to the next episode to explain it.
Chapter completed!