** you can't sleep with $50,000 a second.** you're right. As of may 2026, the united states treasury debt had swelled to **39 trillion dollars**, equivalent to the debt of ** 116,000 dollars** per united states national, including a newborn child. What is even more alarming is its rate of growth: two years from $3 trillion to $3. 6 trillion, and two months from the recent addition of $1 trillion — the conversion of the national debt, which is increasing at a rate of about $50,000 per second.** it's not just numbers, it's penetrating through the pacific ocean, directly affecting your wallet, stock market accounts, even your company's next orders. How do we get the bottom of the ponzi trap of american finance? The biggest problem with united states debt is not the size of the figure, but the fact that it is caught up in a cycle of new and old borrowing. For the 2025 fiscal year, the united states had approximately **9. 3 trillion dollars** in public debt due, or one third of all debt; to pay off that money, even more new debt would have to be issued. The pattern of paying back old debts with new ones has been labelled as a “ponzi scheme” by a number of analysts. Another mine in this game is interest. Annualized interest expenditure on the united states treasury debt is projected to be as high as **1. 2 trillion dollars** — for the first time in history, exceeding the overall defence budget. (blockview://markdown-image-tos-cn-i-tt/e918774d13930301fa76bdce508fee978) in 2028**, the interest-rate logic is almost non-existent. For every $100 tax, $26 is paid directly. The warning of dalio, founder of the bridge water fund, is even more forthright: the united states has crossed a debt threshold that cannot be reversed, and the fed may be forced to resort to “financial disincentives” similar to those of the 1930’s – artificially lowering interest rates, while diluting debt by pushing inflation. Why would you let china lie down with a gun? China is the third largest overseas holder of united states debt. As at ** march 2026**, china held united states debt ** $65. 23 billion**, the lowest value since 2008. Although the holding stock has been cut off from its peak of $13. 2 trillion in 2013, it still accounts for about **18. 95 per cent of the $34. 22 billion in foreign exchange reserves of the country. This means that:** fluctuations in united states debt prices directly offset the book value of foreign reserves**. In march 2026, the 10-year yield on united states debt went up **38 basis points**, which alone reduced china's holdings of united states debt by approximately **1. 7 per cent**. The central bank of china is not waiting for death — it has been holding gold for 19 consecutive months **, with reserves of **,74. 96 million ounces as of may.** multinational central banks are also following the wind: poland has been the world’s largest buyer of gold for two years in a row, and france has returned all the gold stored in the fed. Exchange rates, stock markets, debt markets, three “cables” are transmitting the risk of leakage of electricity and united states debt to china, not the question of “impact or no impact”, but the question of how much impact** is affected. ** exchange rate channel:** when the 10-year united states debt yield is close to 4. 6 per cent and the 30-year period breaks down by 5 per cent, global capital flows naturally to the dollar, reducing demand for emerging market currencies such as the renminbi. In april 2026, china's industrial output grew by 4. 1 per cent over the same period** and retail sales by only **. 2 per cent**, both of which fell short of expectations, with weak domestic demand combined with pressure on capital outflows, and the renminbi under pressure. However, china gold stated that the upward trend in the current round of us debt was driven mainly by term premiums (market compensation for us fiscal risks), the transmission of the renminbi was weaker than the traditional interest-rate hike, and the downward pressure on depreciation was expected to ease in the second half of the year. ** financial channel:** united states debt is the “ground-based” for global asset pricing. As a result of the ground-based movement, the high-value segments of unit a were the first to be hit — particularly the growth units of ai, which were funded. On the positive side, domestic debt markets, backed by independent monetary policy by central banks, are relatively manageable, and east wu securities suggest long-term diversification. **export corridors:** u. S. Debt quagmire will further reduce its fiscal policy space. The tariff escalation that may be imposed after the elections, coupled with the double pressure of shrinking demand in the global economy, will impact on export-oriented industries such as china's power and electricity and textiles. The decline in corporate willingness to remit — the high return on the dollar and the preference to hold the dollar rather than convert it into a renminbi — would further tighten the supply of the renminbi in the market. What does that mean to you? This is not a question of whether something is going on, but of how it is prepared in advance. - ** if you have overseas investments or foreign currency assets:** keep an eye on the rates of return on united states debt and the fed's interest rate conference. If the 30-year-old united states debt yield continues to stand at more than 5 per cent, global risk avoidance will continue to rise, the united states dollar may become more phased, and your non-dollar assets will need to be sensitive to hedging exchange rate risks. - ** if you are a shareholder or a citizen:** high-value boards such as ai, xinjiang, are more vulnerable to us debt interest rates and are concerned about whether central banks will be “lax” at the domestic level against external shocks. - ** if you are the exporter:** the early deployment of the exchange-rate lock-in tool, with attention to the opportunities for settlement innovation arising from the internationalization of the renminbi. ** this is more like a protracted war for china. ** according to haihong, an expert of the chinese academy of social sciences, the weakening of the united states dollar's credit offers a long-term opportunity to internationalize the renminbi. The central bank has set a buffer for “de-us debt dependence” by increasing gold on a continuous basis, promoting the diversification of external reserves and expanding the exchange agreement. But the short-term reality that you can see is: ** the united states is paying 39 trillion dollars in debt, and you — you might be helping it to “get together” **. Please take a look at the announcement of the next fed meeting or the variation in the rate of return on the united states debt — because it concerns you。
