As the world's largest economy, the United States is now facing significant economic issues.

Under the unrestrained spending in the U.S., the national debt has reached a staggering $35 trillion.

Many people don't have a concept of such a large sum, but if you divide this $35 trillion of U.S. national debt among every American, the per capita debt would exceed $100,000.

Under these circumstances, the U.S. economy is facing a major crisis.

At this time, the usually arrogant United States suddenly changes its attitude, and high-ranking U.S. officials have begun frantically visiting China.

This leaves people very puzzled, could the U.S. be coming to borrow money again?

The reason for saying "again" is that the U.S. has borrowed from China more than once before.

In 2009, the U.S. had already tried to persuade China to increase its holdings of U.S. Treasury bonds more than once.

Within half a year, China increased its holdings by nearly $200 billion, surpassing Japan to become the country with the highest holdings of U.S. debt.

However, later on, China sold some of its U.S. debt, which once again made Japan the country with the highest holdings of U.S. debt, but it also reduced the risks associated with U.S. debt.

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The U.S. is also aware that having China hold a large amount of U.S. debt could put the U.S. economy in a passive position.

Former President Obama also said that the U.S. cannot keep borrowing from China.

But not long after, the U.S. Treasury Secretary still came to China, and many people speculated that the reason for the visit was to borrow money from China again.

Although the U.S. was constantly borrowing from China and other countries at that time, the scale of U.S. debt was not as huge as it is now.

So why has the U.S. debt scale grown so quickly?

In fact, the reason for the rapid growth of U.S. debt is that the U.S. is spending without restraint in various areas, and this includes military spending.

As everyone knows, the U.S. is one of the most powerful military nations in the world today, and its naval power is even known as the maritime hegemon.

This strong military power is largely built on money.

The treatment of the U.S. military is much better than that of many countries.

Even during World War II, the food provided to the U.S. military was envied by soldiers from many countries.

Such excellent treatment has made the combat power of U.S. soldiers very strong.

Moreover, the weapons and equipment of the U.S. military are also very good and have a certain status in the world.

These are also obtained in exchange for huge military expenditures.

And the expenditure on these weapons and equipment is not a one-time thing.

The maintenance of many weapons and equipment is also a very large expenditure.

Take the aircraft carrier as an example, the maintenance cost of an aircraft carrier even exceeds its construction cost, but the U.S. has 11 aircraft carriers, and the maintenance of these aircraft carriers is also a huge consumption of military funds.

Of course, this is not enough.

If the development of military equipment remains unchanged, it will be surpassed by other countries.

So, in order to maintain its dominant position on Earth, the U.S. also spends a lot on military research.

It is precisely because of this that the U.S. military expenditure is more than one year after another.

Even the U.S. military budget this year has once again become the highest in history, reaching $886 billion.

At the same time, the U.S. expenditure on other projects is also increasing.

This has led to the continuous increase of U.S. debt.

So, as the U.S. debt continues to grow, does the U.S. have no restrictions?

In fact, a long time ago, the U.S. Congress had set a debt red line to prevent the U.S. from causing an economic crisis due to the endless issuance of debt.

But since World War II, this red line seems to have become a decoration.

Since World War II, this debt red line has been raised more than 100 times, which shows how unlimited the U.S. is in issuing debt.

Moreover, the U.S. has been continuously provoking wars in recent years, and many overseas battlefields are also increasing the expenditure of the U.S.

In the past 20 years, the U.S. expenditure on wars has exceeded $8 trillion, which is about a quarter of the U.S. debt.

The U.S. debt has put a lot of pressure on the U.S. economy, and it may even lead to the collapse of the U.S. economy.

Before this, the UK had declared bankruptcy.

So in the face of economic pressure, the U.S. needs some economic support to alleviate the pressure.

Coincidentally, at this critical time, high-ranking U.S. officials have visited China many times.

Could they have come to borrow money?

In fact, since March of this year, China has begun to reduce its holdings of U.S. debt, and in the following two months, China has continued to reduce its holdings of U.S. debt.

In March of this year, the scale of U.S. debt in China's hands was only $767.4 billion.

Under the situation where China is continuously selling U.S. debt, the scale of U.S. debt is still rising, which poses a huge challenge to the U.S. economy.

During this period, the U.S. Deputy Secretary of the Treasury has been visiting China continuously, and a working group has been formed with the People's Bank of China.

From September 2023 to August 15-16 of this year, this group has held five meetings.

However, the members of the U.S. delegation visiting China this time include the Assistant Secretary of the Treasury, and he said before leaving that the agenda of this meeting included loan-related matters, so these U.S. officials are very likely to come to China to borrow money.

After all, the scale of U.S. debt is so huge, and China is still selling U.S. debt continuously, which makes it difficult for the U.S. economy to bear such pressure.

In fact, it is true that the huge scale of U.S. debt is like a balloon full of water.

Although it looks intact from the outside, the pressure inside is already very great.

And this balloon is still continuously injecting water into it.

Although there is no problem for the time being, if it continues, the balloon will eventually not withstand the pressure and burst.

In this way, it will collapse completely, and the splashing water will also affect the economies of other countries.

So it is the safest to find a way to slowly let the water out.

So in this situation, the U.S. is very likely to seek China's help to alleviate the fiscal crisis.