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jie li
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Comments by "jie li" (@jieli3313) on "Trump’s last day as President: “Movement we started only just beginning” - BBC News" video.
The annual increment of US GDP is only 400 billion to 600 billion US dollars. Even if the interest rate of the US foreign debt is 3%, it needs to pay more than 150 billion US dollars of interest every year. According to the US bond interest rate of US $12 trillion and 3.5% per year, the US needs to pay about US $500 billion to US $600 billion per year. The bond interest that the US needs to pay every year devours the GDP growth of the US. Therefore, there will be a debt default between the increment of US GDP and the interest to be paid! This will cause the depreciation of the US dollar! Again, in 2020, US GDP negative growth! The risk of US dollar depreciation is increasing!
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