Attended a webinar yesterday, thought it wasn't very interesting, but found myself very interested that meeting! It's all about accounting! Before I studied accounting, I was particularly interested in preparing a profit and loss statement, and I can prepare a very good income statement. Why should I prepare a good income statement? Because the income statement best reflects a company's financial health! If the profit and loss statement is well prepared, the company's loopholes can generally be seen from the profit and loss statement. Many companies fail because they did not stop the loopholes in time. The "loophole" is the main reason for the company's loss! So many companies don't even know why they go bankrupt? Because their accounts do not reflect the company's problems at all! Recently, I am very interested in U.S. bonds, because I am thinking about where "U.S. bonds" come from? And why is U.S. debt so high, yet the dollar is still so strong? These questions are really interesting! 30 trillion US dollars of US debt, very scary!

The "Profit and Loss Statement" is very important for a company because there are many important items in the "Profit and Loss Statement": Accounts Payable, Accounts Receivable, Depreciation, Bad Debt! And these are all changes in numbers, which is what we call the numbers on the books. A really good manager not only needs to be optimistic about your company’s accounts, but also needs to know how to find out the company’s problems from the accounts, because accounts receivable that won't become a bad debt? And how to set aside depreciation? Will it be too high, or too low, to accrue depreciation? These all directly affect the P&L! And if you don't manage your accounts receivable well, you may have a bunch of bad debts! Problems with depreciation will also cause the company to lose money! Thank God! In fact, I used to have good grades in economics and accounting! As long as I don't need to memorize subjects, my grades are pretty good! My physics, chemistry, biology and natural sciences are generally good, my worst subjects are geography and history, especially modern histroy~shit, which gives me a headache! I don't know why Darwin supported evolution and atheism? Because if we study biology, physical chemistry, astronomy and geology, we will definitely find traces of the Creator! Let's continue to talk about "U.S. debt"! "U.S. debt" is too high to be magical!

(Psalms 15:5) He that putteth not out his money to usury, nor taketh reward against the innocent. He that doeth these things shall never be moved. ~ This psalm was written by David! The integrity of a leader is very important! A leader with integrity will surely make their entire team a blessing! David is most blessed because of his integrity! David wrote: A person who does not lend money for profit or take bribes to frame others will always be blessed by God and will never be shaken! David tells us to "don't" these things in order to "do" and not waver! Chinese is fun! "No" and "Yes"! Why not, but can it be done? "No" means that we can't do it, that we can't do these things, and we must be able to move forward! "Moving forward" is not about doing it all the time, but if you want to move forward, sometimes some things can't be done! Just like when we walk, when we see a hole in front of us, we must "can't" cross the hole, we "can" move on, we can walk through the hole, we will never be able to do it at all, just fall into the hole and never move forward! So we should learn how to do not do and get to success, that is we should learn in our entire life!

"No lending for profits, no bribes" is the unshakable foundation that David told us, and the United States has a great institution called the "Federal Reserve". The "Federal Reserve" has completely shaken the national capital of the United States! The "Federal Reserve" has become a notorious institution in the world. The Federal Reserve lends money for profit, and the Federal Reserve is not an ordinary evil. This Fed institution is the most evil place in the world! The Federal Reserve not only lends money for profits, but also accepts bribes, deliberately bankrupting many countries and making their people forever the slaves of the rich in the United States! Many rich people in the United States are more rich than third world countries and control the people and assets of those countries. All these evils are caused by the Federal Reserve! What does the 'Fed' control? The Fed controls the "interest rate" of the United States, the Fed controls the "national debt" of the United States, and the Fed can print the "currency" of the United States, or more correctly: the Fed controls the American economy! The U.S. economy controls the world’s economy, because the U.S. dollar is the world’s currency in circulation, and the world’s commodities are priced and settled in U.S. dollars! These 3 magic weapons in the hands of the Fed can bring down many countries' economic, including China! Fed can make a lot of countries bankrupt!

We know that the US dollar has appreciated to 1:7 RMB, what does this mean? It is the output value of one American, which can be equal to the output value of 7 Chinese people! Why do I say so? So if I say this: Is the output value of an American equal to the output value of 15,000 Indonesians? Not so, we have to measure in local currency units! And both RMB and US dollars are consumed in "Dollars"! Like Taiwan, basically one dollar can no longer buy things, Taiwan must be in units of 10 dollars! And South Korea and Japan have the same algorithm, we have to look at the exchange rate in the country's smallest unit currency! Therefore, it stands to reason: 1 American is equal to 3 Taiwanese output value! This is the correct exchange rate concept! When we have the correct concept of exchange rate, we can more easily understand what "U.S. debt" is? And how did the "US debt" come about?

The general occurrence of "U.S. debt" is that the country's money is not enough! But why doesn't the U.S. have enough national money, yet the U.S. keeps printing dollars? It's very simple, the United States uses the US dollar as the world's settlement currency, so the United States has a higher currency turnover capacity, and the United States can continue to print dollars! The "U.S. debt" has made every American "$10,000" in debt, which means that when we get an American passport or your a America citizen, the debt starts! "U.S. debt" shouldn't be so high at all! The United States is already a high-tax country. The most basic reason for the generation of US debt is that the United States is already unable to make ends meet! If a country with high taxes can generate such high U.S. debt, it means that the country has a great chance of going bankrupt! Because the US government's financial management is vevy bad! And the exchange rate of U.S. bonds and the U.S. dollar is also directly linked!

I have been thinking that 1 American can never have the output value of 7 Chinese people, but 1 Chinese can definitely have the output value of 7 Americans! Why does the exchange rate show 1:7? Because U.S. debt drives up the exchange rate! The more unbelieveable thing is why America debts so high and Fed still can print banknote? And still have a lot of countries hold America bonds? To be more correct: American output is generated by borrowing! Therefore, when the U.S. goes bankrupt, the U.S. dollar will inevitably bubble directly, and the U.S. economy is even more of a domino effect! Now the United States can survive relying on the magic weapon of the Federal Reserve ~ U.S. debt, interest rates, exchange rates! "U.S. bonds" can be issued without restrictions, that is, there are countries and banks that hold U.S. bonds, and this is the reason why many small countries go bankrupt! These things are really interesting and can't be said in a few words! The Federal Reserve has profited from these three magic weapons throughout history, and they have moved the property of other small countries into the accounts of American business giants. Why are many huge business families in the United States able to control the small countries? They also turn American assets into liabilities, transfer American assets to business giants, and leave liabilities to Americans! Can assets of 30 trillion dollars prevent these business giants from becoming rich? The U.S. government should not take out debt! The U.S. government's revenue is simply a big surplus! And the huge debt of the US government proves the incompetence and corruption of the US government! This evil capitalist regime that has endangered the whole world should all collapse! Including evil regimes in Europe!