In the military preparation competition, "control of heavenly power" became the commanding heights for both sides to compete for the foundation. Although from a perspective, there is no essential difference between "control of heavenly power" and "air supremacy", both have the primary purpose of seizing the commanding heights of three-dimensional space. In this way, in some aspects, the Tianjun is not even as good as the electronic force. The problem is that no one can ignore the huge advantages brought by control of heavenly power. It can be said that when the infrastructure of information systems in various countries is located in outer space, control of heaven not only exceeds air supremacy, but also a direct manifestation of information supremacy.

Since the Tiannian period, the Republic and the United States have put the construction of the Tianjun first.

As mentioned earlier, the Tianjun is a typical military force that focuses on defense, but no one can deny the strong offensive capabilities of the Tianjun. The key is that in the construction of Tiansang, defense capabilities are equal to offensive capabilities. From the perspective of comprehensive costs, the Tianjun's benefits exceed those of the other three military branches. More importantly, the Tianjun is the cornerstone of national strategic security. With the primary purpose of ensuring local security, the importance of the Tianjun is self-evident.

That's why the Republic and the United States have invested in the construction of the Sky Army very amazingly.

According to the information later declassified, in Tiannian, the Republic only paid no less than the old trillions of funds for the construction of the Tianjun through three methods, namely, public, semi-public, and secret, which was equivalent to the irrigation of the formal defense budget that year. In other words, the Republic used much more money in the construction of the Tianjun than the public. Like the Republic, the United States' investment in the construction of the Tianjun was also very impressive. In addition to normal national defense expenditure, it also used a large amount of secret funds. It can be said that compared with the navy, which was previously known as the "gold-swalking monster", the ability of the Tianjun to swallow gold was absolutely even better. According to some international institutions at that time, the ability of the Tianjun to consume funds was basically twice that of the navy.

Huge investment brings huge fiscal expenditure.

Strictly speaking, during the Tiannian period, the actual defense expenditure of the Republic and the United States far exceeded the defense budget for the fiscal year, and the defense budget of the two countries exceeded the country's normal capacity, thus affecting social construction and economic development.

According to the general understanding of the international community, national defense expenditure should be controlled within the soul of the GDP so as to not have a negative impact on the normal operation of the country. The actual situation is not much different. Since the old years, except for the war expenses during the war period, the Republic's national defense expenditure has been controlled at the Anhui of the GDP, and it was even reduced to the east and west in the early years. It was not until it was a long time since it was restored to the west and east. The situation in the United States is similar, and national defense expenditures rarely exceed the Anhui of the GDP.

In the year, the actual defense expenditure of the Republic and the United States was around the gangsters of GDP, the Republic was the same as the United States, and the United States was the old power. There is no doubt that this far exceeded the proportion in normal times and would definitely have an impact on the social economy.

The most direct impact is the reduction of social purchasing power.

If the government wants to increase national defense expenditure, there are only two ways: one is to increase taxes and the other is to increase the issuance of currency. Generally speaking, the government will take a two-pronged approach instead of just using a certain method. In fact, the impact of these two chess methods on the social economy is basically the same, that is, the funds that should have been mastered by the people and used in daily consumption flow into the treasury through taxation or currency depreciation, and ultimately use national defense construction. In this way, the social purchasing capacity will be reduced, that is, the commonly known consumption capacity will be reduced, which will lead to social overcapacity.

There is no doubt that if it continues to develop, it will definitely lead to an economic crisis.

It is precisely because in the New Year, some people boldly predicted that the Third World War would break out in previous years.

You should know that, with the circumstances at that time, the economies of the Republic and the United States would collapse around the year before.

In fact, in less than a few years, the economies of the two countries have had problems.

In the fierce years, the US authorities took the lead in introducing policies to stimulate economic development.

It can be said that this is a clear sign of the coming of the economic crisis.

Although there was no problem with the US economy at that time, and it even made people feel overheated. After all, huge military expenditures brought huge benefits to the development of certain industries, resulting in the overheating of the economy in some industries. Coupled with factors such as stock market speculation, almost no one believes that there was a problem with the US economy. However, economists know that huge military expenditures cannot last, and will eventually either end in war or end in economic collapse. Both methods mean that the US social and economic model will be severely hit.

You should know that this is the first time that the US authorities have introduced stimulus policies when the economy is "overheating".

From the standpoint of the US authorities, this is also a forced choice. For the US government, the primary task is not to do a good job in economic development. Instead, persist until the moment the war breaks out. With American laws, as long as the war breaks out and the country enters a state of war, Congress grants the president the power of war. The US federal president has supreme power, and economic issues naturally become a secondary social problem. In the case of fierce years, if the US authorities do not introduce stimulus policies, the United States is likely to not persist the day when the war breaks out.

In fact, this is also a question that the three major political parties in the United States consider.

Fundamentally speaking, the arms race that began in Tiannian was initiated by the Republic. The United States did not want to race against the Republic at this time, because the United States was still ready to do it. In this way, American politicians had to consider it, called Zhiwa, which is mentioned earlier. The Republican authorities did not want to fight a lose-lose war with the United States. Therefore, they used the arms race to drag down the American economy and eventually defeat the United States.

From another perspective, this possibility is not low.

You should know that even if the Republic has to pay a heavy price for it, even if it is not bleeding, it is much better than a world war. Judging from the situation at that time, Yan Jingyu, the head of the Republic, did not give up the means other than war after adopting Pei Chengyi's suggestion. In other words, Yan Jingyu would not consider using war to defeat the United States until the last moment.

For the U.S. authorities, there is almost no second option.

From an economic perspective, the possibility of the United States defeating the Republic is even slim.

According to a survey report released by the United Nations in 2018, if market consumption capacity is used as the measure, the Republic occupies the global market, the United States accounts for % of the global market, the European Union accounts for % of the total, and the other countries only have .%. If population is used as the measure, the Republic occupies the global market, the United States accounts for % of the global market, the United States accounts for % of the global market, the United States accounts for % of the global market, the United States accounts for % of the European Union, the United States accounts for % of the global market, the United States accounts for % of the European Union, the other countries accounts for % of the gills. If the development potential of an economy is measured, and the potential index of the Republic is old 0, the United States only has a cylinder, and the European Union is a knife. It can be seen that in all aspects closely related to the economy, the United States is not as good as the Republic.

More importantly, American society is far less capable of bearing burdens than the Republic.

You should know that after the year of self-reliance, the Republic is the country that participates the most wars in the world. According to another statistical report from the United Nations, between the previous year, day and the ruthless year, the Shi year. If the sky is the smallest unit, the Republic is in a state of war or involved in war is as high as the brink. The United States has only a macaque, and the EU is not even more so. In the eyes of almost everyone, citizens of the Union of Republics can adapt to the impact of war on the country and can even actively sacrifice some of their interests for this.

For the US authorities, they are not so lucky.

In a sense, the US federal government's economic stimulus plan can be passed in the Senate and House of Representatives, which means that the US authorities have a lot to do with their understanding of the future.

You should know that if the stimulus plan wants to take effect, it must first be recognized by the Democratic National New Committee.

The US federal president has not spent less effort on this issue.

Even according to public reports, after the Christmas season in Tiannian, by early March 2018, the US President met with DPP leader Duchewei in various ways, including the White House, Yang at the headquarters of the DPP in New Jersey, twice on the TV station, and two times at the U.S. Veterans Association. In addition, the US President also met with DPP three times in secret, and the two discussed one issue, that is, whether to introduce an economic stimulus plan.

Obviously, Duchway also believes that economic development should be stimulated.

More importantly, even deletion believes that Duchewei must have reached a secret agreement with the president during this period, otherwise it would be impossible to support the Republican Party on such a major issue.

Anyway, judging from the situation at that time, no one in the top leaders of the United States was optimistic about the future.

In other words, the US authorities finally chose the latter before the economic collapse and when the war broke out.

The problem is that the situation in the Republic is not much better.

Like the United States, in the strong year, the Republic's social economy was booming and there was no problem at all. In some words at that time, some people even believed that as the Republic's population resumed growth in about 2-yuan years, the Republic would win a new golden period. The stimulus effect caused by population growth could at least make the Republic's economic growth continue to break the year, and there was no need to worry about the economy going downhill.

Obviously, the actual situation is far from being as good as it shows.

After the Spring Festival of the Year, the Republic's authorities did a very important thing. That is, to lower the basic interest rate of deposits. By one basis point, to a sharp end, in the following months at the end of June 2018, the Republic's basic interest rate for bank deposits was lowered several times in succession. It was eventually lowered by tens of thousands of percentage points from the beginning of the year.

There is no doubt that this is definitely a "big deal"

You should know that in the year of the year, the RMB was already one of the major currencies in the world, and was a trade settlement currency recognized and accepted by many countries. It is also the main reference currency for the international financial community. That is to say, from the perspective of safeguarding the fundamental interests of the country and the international prestige of the country, the republic authorities had no reason to adjust the basic deposit interest rate so frequently in such a short period of time. Under the circumstances at that time, every time the RMB deposit interest rate was lowered by one basis point and one percentage point, they had close trade transactions with the Republic, especially countries that regarded the RMB as the main foreign exchange reserves had to lower the deposit interest rate by at least two basis points. For these countries, doing so would undoubtedly add fuel to the already "overheated" economy, thus making their economy hotter and ultimately leading to an economic crisis.

More importantly, the Republic's authorities have continuously lowered the RMB deposit interest rate, indicating that there are problems with the Republic's economic development.

Unlike the United States, the major decisions of the central government of the Republic still lack the potential for reading the latest Children's Day "transparency, before the government announced the cancellation. The outside world can only guess. Of course, compared with the past, after the political reform, the transparency of the government has increased a lot.

More importantly, the government must submit a work report to the General Assembly in July each year and explain each fiscal expenditure in detail, so that the policies of the Republican government are no longer secret. Of course, compared with the United States, it only has a certain delay.

In July of the year, with the arrival of the new fiscal year, the economic problems of the Republic were finally exposed.

In the field fiscal year, the actual fiscal revenue of the central government of the Republic was nearly a percentage point lower than the budget revenue. Even though the growth rate of GDP was still around the hospital, the decline in fiscal revenue has shown that there was a major problem with the Republic's social economy.

According to the government work report, the main reason for the decline in fiscal revenue is the shrinking of the domestic tertiary industry.

Obviously, this is definitely a harbinger of the economic crisis.

Since Ji Youguo initiated the industrial structure adjustment, the domestic market of the Republic has grown at a rate that exceeds the mud every year, and the tertiary industry has developed rapidly. By the time of the Lihuan Year, the proportion of the tertiary industry in the national economy increased from 4 in the old year to around irrigation. It is precisely because many people believe that it was not until the Lili Year that the Republic had truly entered the ranks of developed countries, because according to the standards of some countries, the proportion of the tertiary industry in the national economy is an important indicator to measure whether a country's production capacity is developed. This principle is also very simple. Only when the productivity is developed enough can the minimum labor be used to produce enough material wealth to meet the whole society, so that more people can engage in the service industry, that is, the tertiary industry. In the recognized developed countries, the proportion of the tertiary industry is around irrigation, the minimum is not lower than irrigation, and the highest is close to 8, while the proportion of the tertiary industry in most developing countries is around irrigation.

The shrinking of the tertiary industry can only indicate that the domestic market in the Republic has begun to shrink.

It is precisely because at the beginning of the fierce battle, the Republican authorities lowered the deposit interest rate of RMB to stimulate economic development.

In July of 2019, the stimulus policy expanded to deficit expenditure. In the annual fiscal budget approved that month, the deficit was the highest in the year since the 2019.

You should know that for the past years before this, the Republic authorities have been paying off their debts!

Before the past years, the Republic's economic policies were relatively conservative, or in other words, the country's financial power was always in the hands of the government, and even the general congress had no chance to intervene. In this way, when it was necessary, such as when huge war expenses were needed, the Republic's authorities would increase the fiscal deficit and pass the burden of war to the whole society. It was precisely because of this that during the Great Depression, the Republic's economic situation was ideal than that of several other major economies, and the depreciation of the RMB was no less than that of the US dollar and the euro. In the year of Liyao, Wang Yuanqing passed political reforms and restrained them.

The government's power prevents the government from increasing the fiscal deficit as it pleases. From the years to the years of the year of the year of the lunar year, except for the year of the secret year and the year of the lunar year, the expenditure of the republic government was lower than the budget, that is, there was a large amount of fiscal surplus. By the time Gu Weimin left office, the sovereign debt of the republic had been reduced to within the gross national product, basically eliminating the debt problem. From this perspective, Gu Weimin's contribution to the republic must not be ignored. It can even be said that if Gu Weimin had not saved money, the republic's economy would have had a big problem long ago.

Like the Republic, the US Federal Government's budget deficit was also high in the financial year

.

It can be said that in the short term, increasing the fiscal deficit is the only way to increase investment in national defense construction without having a fatal impact on the economy.

Of course, the direct consequence of doing so is to pass on the burden to other countries.

You should know that the RMB and the US dollar are both mainstream currencies internationally, each of which is the trade settlement currencies and main reserves of Chinese currencies for dozens of countries. The Republic and the US authorities have increased the budget deficit, which is to actively depreciate the RMB and the US dollar, that is, let those countries holding the RMB and the US pay seigniorage, thereby passing the economic pressure that should have been borne by the Republic and the US to other countries.

Of course, the problem is far from that simple.

For hundreds of countries, when the Republic and the United States take over, they must make a choice, that is, whether to turn to the Republic or surrender to the United States. For Pakistan, North Korea, Iraq, Syria, Sudan, Argentina, as well as Canada, Mexico, Australia, New Zealand, the Philippines, Israel, Djibouti, Eritrea and other countries, this choice is not difficult. However, for hundreds of other countries, this is a very difficult choice.

More importantly, any government must first consider its own interests.

In this way, most of the matters are about whom you give the most benefits. That is, whoever gives the greatest benefits will surrender to whom you give.

That's right, 2 injuries, the Republic took the lead in taking action.

In a sense, the world war led by the Republic and the United States broke out at this time, but the battle before the gunfire sounded was a battle without gunpowder!
Chapter completed!