American Way to Get Rich: Bid on $ 4.7 Trillion and USDC Stablecoin

Goldman Sachs revised its US GDP growth forecast for the third quarter from 9% to 5.5%, down 40%, indicating that US colleges are bad for the recovery of US business . Following the publication of the article, the Blues found new data.After Goldman Sachs, Bank of America also reduced its quarterly GDP growth in the United States from 7% to 4.5%, which also lost nearly by 40%. Some analysts predict that Bank of America will see U.S. GDP grow 6% in the fourth quarter and the first quarter of next year if the spread continues past the third quarter. It is never encouraging, because the transmission is gone, but in fact it is not. The Pantheon's now best macroeconomics also reduced its initial estimate of 30% from 10% to 7%. America's top schools slapped their cheeks and lowered their estimates for the previous term.

In these dire circumstances, the US government and the Fed cannot stand up. So the big news is that yesterday (actually August 24, US time), the House passed the Biden administration headquarters for a $ 3.5 trillion infrastructure plan for education. and health care. This plan is called “soft infrastructure”. This plan differs from the $ 1.2 trillion “hard construction” plan for public works that will be passed in September. With a combination of $ 4.7 trillion in assets and liabilities, such a large investment is a win-win situation for Biden's management. activity retake.

The construction plan, which was passed by the Senate and the House this time, was very good. The Senate vote on the 11th was 50:49 and the House voted 220: 212. on the 24th online only. In fact, Republicans aren't protesting, they're just fighting for the cause, and the challenge is usually the price. The $ 1.2 trillion physical infrastructure passed through the Senate on the 10th, and the vote dropped from 69 to 30. So the election to the House of Representatives in September will not be a problem. It started to create a $ 4.7 trillion strategic plan.

How's the income? No current response. The Blues estimate that the US Treasury now has over $ 1 trillion in cash, and the most important thing to do is pay off the national debt, which can be borrowed from major banks in the United States (with now more than 10 dollars in the bank). deposits.). solar). At this point, the US government can fundraise regularly.

What is more interesting is that the content of the hard and soft programs in the United States is in some ways similar to our national approach to “shared prosperity”. They differ from "capitalist versions of civilization". Retail campaigns and harsh campaigns are central to the distribution of wealth, especially consumer goods that directly contribute to community security and increase taxes on businesses, large commerce and the wealthy. The foundation of the plan is to support the American middle class of the 21st century and to work for tens of millions of Africans. Of course, this has been directly criticized by the Republican Party as "economic relations", but it does not support the "anti-economic relations" of Americans. socialism rather than capitalism.

It's no surprise that American prosperity bears some resemblance to that of the United States, even when Roosevelt came to power in 1929 during the Great Depression. You may not be able to continue. If you look at the current plans in the United States, the most important thing is to spend the money and not have a plan in the area like industrial development, home improvement and poverty reduction plans. . Roosevelt.

In fact, the industry was well aware in the industry that the stock exchange is an industry of investment, consumption and export. In a contagious world, trade can be restricted and capital must be digested. More energy consumption has become a priority, and the so-called prosperity is the key to increasing energy consumption in the country from an economic point of view, regardless of China and the United States. There are only two ways to increase national income and reduce consumption. It's impossible for the United States to cut spending like in Korea, so let's spend more money.

An important aspect of improving the “culture of governance” in the United States is that the Federal Reserve and the United States Treasury will do anything to support the rule of the US dollar. Why? A dollar cannot be spent for a dollar If the US dollar depreciates too much due to a number of factors, that is, if house prices rise too much, the $ 4.7 trillion would not be not half the expenses today? The efficiency is, of course, very low. Because this is a "culture", a strong surveillance variety will be strong. For the earnings cycle, the slowdown was most affected by the stability of the US dollar. Stablecoin compliance could reach new levels in the United States in the near future. The USDC is now the fastest to comply. Probably just a precaution.

By comparing the two major US dollar stability coins, USDT and USDC, we can clearly see that the stability of the USDT is far beyond the USDT and this situation will not change in the future.

USDT was jointly launched by Center Alliance Circle and Coinbase in October 2018, and although its history is shorter than USDT, the strength of the two owners is evident. Its market share was only 7.5% in May of last year, but it is now expected to increase by 23% in the fourth quarter. By comparison, USDT earnings are falling more than 80% to 58% year-on-year, and both companies need more announcements over the past year, but they often go up and down.

Why is this happening? You can tell by looking at the property. According to a USDC reserves report released by Circle in July, USDC has $ 22 billion in reserves, to which is added cash and US Treasury bills (about 72%), deposits of Yankee (13%) and a sell note (9%). ), company contracts (5%), city contracts and American contracts (0.2%). The USDC announced on August 22 that it would convert all of its U.S. funds to cash and 100% money market funds to U.S. dollars for compliance.

Therefore, if we look at the USDT again, 76% is cash and “stocks”, but the problem is, 65.39% is a lot of paper money! 24.2% is a deposit and the real money is only 3.87%! What is a Business Ticket? Do you mean “at equal price”? This is not true at all. Recently, China's "HENGDA" (not Chinese, not political) issued a number of business letters. In the past, credit was relied on from non-bank credit issuers Be it a business or business, business notes are worthless, now large corporate notes are nothing more that one of the crap in the home ticket industry, and nobody needs it. If US bonds are safer, can they be compared to US Treasury bonds?

Therefore, the big difference in the quality of US dollar holding on the two sides also shows that the risk levels of the two stabilities are completely different. The security of USDC is higher than that of USDT, and it has the downside that in the past it has been used almost exclusively on the Ethereum chain and has just started to cross the chain. However, over-safety and future improvements will be better than USDT, so if you pay close attention to the safety of your money, choosing a stable currency should not be ignored.