What is the source of America’s strength? Will there be a second country as powerful as the United States?

The strength of the United States mainly lies in two points, one is the US military and the other is the US dollar.

Half a century ago, the United States relied on dollar hegemony to save itself from the abyss time and time again. After the collapse of the Bretton Woods system, the United States fell into a ten-year stagflation crisis, characterized by low economic growth, high inflation and unemployment. Volcker, the greatest Federal Reserve Chairman who ever descended from heaven, led the US dollar to sweep away its decline with a highly responsible and pragmatic attitude. The Federal Reserve once again found a way to control the global monetary system with the US dollar. The end result is that the hegemony of the US dollar continues and the US economy regains its vitality. Then Soros coined the term "Reagan Cycle" with great praise.

Since the founding of the United States, the United States has established an efficient institutional system. Throughout the history of the United States, its policies have rarely made mistakes. During the economic crisis during World War II, most capitalist countries embarked on the path of fascism, such as Germany, Italy, Japan, etc. Even the United Kingdom was once obsessed with fascism and could not extricate itself, while the United States due to domestic Due to the constraints of the system, it successfully survived the economic crisis without embarking on the path of fascism, and became an important force in the anti-fascist movement. Even today's President Trump is said to be extremely unreliable. In fact, a series of policies he implements are based on the interests of the United States and are in line with the national interests of the United States. The correct direction of U.S. national policy is the fundamental reason for the strength of the United States.

The United States is the leading big brother in the capitalist world, and it is followed by many younger brothers, such as NATO countries. In addition, the United States has absolute say in North America and has followers throughout East Asia, such as Japan and South Korea. The United States has established a strong alliance group. It is with the support of its allies that the United States can stabilize its position as the world's leader. Relying on the vast land and abundant resources and the hand-to-hand teachings of European brothers, Europeans have gone through more than 200 years of industrialization, and the United States has completed it in less than 100 years and accumulated a lot of wealth.

However, Trump is another mirror of the United States, and perhaps he is the turning point for the future economy of the United States.

When he has the ability to bring the economy into full swing and make the stock market reach its highest point, no one will doubt his re-election. People believe that he will lead the United States to continue to be strong.

But when the epidemic burst this bubble, people discovered that the class divisions caused by racial issues, the shrinkage of the middle class caused by the hollowing out of industry, and the high debt caused by high welfare and limited food, these problems They are all dead ends with no solution. Under the current economic stimulus policy of unlimited quantitative easing, the high unemployment rate of more than 40 million people still cannot be solved. The epidemic has evolved and worsened time and time again, and the number of new cases every day has repeatedly reached new highs. As the country with the worst epidemic in the world, the turning point is not known when it will come. Trump himself tried his best to contract the new crown, and it took him a few days to treat it, and his blood was miraculously full. The resurrected myth is here to tell everyone that the new crown virus is not terrible. This is nothing more than another drama to attract votes for the US election in three weeks.

Let’s talk about the financial industry that the United States is proud of. The financial industry is the strength of the United States. New York, with Wall Street, is the financial capital of the world. The U.S. financial industry is extremely developed, with various financial derivatives emerging in endlessly. Most innovations in the financial industry occur in the United States, including financial giants such as Buffett and Soros. Our country's financial industry is also good, especially in the past ten years, it has developed rapidly and is second only to the United States in scale. As the opening up of the financial industry continues to advance, the added value of the financial industry will gradually catch up with the United States.

Let’s look at the manufacturing industry. At present, our overall manufacturing level is at an upper-middle level in the world, and we are moving towards high-end, sophisticated fields and beginning to seize the territory of developed countries. The United States has maintained its title as the most developed manufacturing country for more than a hundred years. However, in recent decades, over-reliance on the financial services industry has severely hollowed out the manufacturing industry, and the overall competitiveness of the United States has continued to decline. Although Americans have realized this in recent years and have begun to advocate the reshoring of manufacturing, the results have not been good.

Let’s look at China’s GDP. Compared with the "expenditure method" adopted by the United States, the "production method" adopted by China has the advantage of avoiding double counting and paying more attention to the accounting of the value of social products.

China's GDP is underestimated. If calculated according to the United States, its total GDP may have exceeded that of the United States. According to the questioner's question, the second country as powerful as the United States has emerged, and that is China. Judging from the current global epidemic, China is the country with the highest prevention and control efficiency, the fastest action, and the first country to contain the spread of the virus. China has already demonstrated its people-centered national spirit with actions. Compared with the United States, which still remains indifferent as the number of deaths due to the epidemic exceeded 210,000, you should feel extremely proud and proud of being in China!

China’s future economy, especially the private enterprise economy, will continue to grow with an unstoppable momentum of development. The difference is that most of the fields in which private enterprises participate are new industries and new economies, especially high-tech industries, new economic industries, In areas such as the Internet and other non-traditional areas. Especially in the past two years, the rapid development of the semiconductor chip field has made us no longer constrained by the United States in the future. All areas that cannot be covered by state-owned enterprises and central enterprises will be comprehensively developed by private enterprises. In these areas, Chinese private enterprises will lead the global industry leaders. We must fully believe in China's future!