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Gu Junhui, China's positioning expert, Gu Junhui Strategy Position founder, has published his personal book titled "Positioning is Just Talking".
Text version:
The US debt now exceeds 34 trillion dollars and it will take nine decades to pay off the debt plus interest. You don't think this is crazy? I'm going to hell! This isn't lending money; it's stealing. The US has to pay annual interest of five trillion dollars on its debts. It's very terrifying.
The military spending of the US annually does not exceed eight billion dollars, and the tax revenue only amounts to four point four trillion dollars per year. Don't even talk about repaying principal or interest. Even if you talk about paying back the interest, the US would have to raise ten percent of the tax revenue to do so. That's already a lot!
If we need to pay back interest over four trillion dollars in thirty-four years, let alone the principal, how long will it take to repay? If you add the interest for thirty-four trillion dollars, it takes almost 90 years. And after that, it will take another 150 years to repay the interest. Don't you feel crazy?
This is a path that I can't walk down.
So there's huge risks involved with the dollar.
In the long run, I don't see the US Dollar doing well. This is a significant change. The east is going up while the west is going down. This is a world-wide phenomenon that has never happened before. And it's unstoppable. |
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