US Treasury yields are so high that some conservative banks (buy a bunch of Treasury bonds) are waiting to close.
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While the FED can't lower interest rates at all, the vast majority of people think the FED is for suppressing inflation.
The fact is that the FED needs to keep the dollar strong (tens of trillions of dollars in the future in order to sell off smoothly), and once the dollar starts to weaken, the US economy will collapse completely.
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The United States has been printing a lot of dollars (it has printed $25 trillion so far in 2008 and another $2 trillion in the future), and it is growing more and more.
When the dollar weakens against the renminbi, these funds will be siphoned off by China and used in the global setup (Belt and Road), which not only strengthens China's national power, but also weakens the United States.
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This is also the reason why the United States is so bad.
AFTER ALL, IN THE LAST 3 OR 40 YEARS, IN ADDITION TO INTERNAET, THIS HIGH-TECH IS DOMINATED BY THE UNITED STATES, EVERYTHING ELSE IS CLEARLY BEHIND THE U.S. (ESPECIALLY IN COMMUNICATIONS), EVEN TODAY'S FIERY AI, THE U.S. IS LEADING THE WAY, IN ADDITION TO CALCULUS, MORE IMPORTANT DATA (THIS IS THE ADVANTAGE OF CHINA, INDIA), TALENT (WHITE PEOPLE IN THE UNITED STATES ARE THE PRIORITY Under the circumstances, it will be more difficult for the United States to absorb global talent).
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The United States has always printed banknote bailouts (2 trillion dollars a year in the future), but the country invests very little in high-tech (less than 300 billion per year).
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P.S. The most important of AI technologies is: data DATA; secondary: talent (designing advanced expression models to achieve faster, more power saving), and finally numeracy (including the ability to communicate quickly)...