https://news.joins.com/article/23751038?cloc=joongang-home-newslistleft

[출처: 중앙일보] 세계 유일 사재기 없는 나라···韓 코로나 기현상 이유 있었다

The whole world thought the Qing dynasty was the superpower until the mid-19th century.

Every country wanted to trade with China. All transactions between countries were paid 

in silver that Chins wanted. Her GDP was unmatched. Chinese believed that China 

was the center of the world and other countries were inferior to China. They were certainly oblivious to

what went on on the other side of the world.

Nobody knew the real China at that time until the British knocked on the door. The Opium War in 1840-1860

proved that China was just a paper tiger. China had been irreversibly damaged because of internal corruption 

and antiquated system far short of modern ideas and science. 
 

Coronavirus, the invisible enemy is uncovering the wools hiding the real America. It is showing 

the gaps between the U.S. and other developed countries have narrowed and it became hardly noticeable.

Innovation is critical to America to maintain the growth of the economy and GDP. The national 

debt is growing. By the time the Coronavirus crisis is over, the national debt will grow by about 3-4 trillion 

dollars. The total would be close to 20 trillion. We, taxpayers have to pay the interest on the debt.

As long as GDP grows, the tax revenue will be enough to pay the interest. However, GDP depends

on innovation. If the U.S. fall behind other countries, GDP does not grow, tax revenue goes down,
budget deficit follows, and inflation ruins the economy. And the nation defaults. 

The U.S. as a nation, can not default because they can print money (the U.S. dollar)

at any time and at any amount. So, the U.S. can pay any amount of debts it may owe.

Despite printing so many dollars, the value of the dollar is not getting diluted

but, actually in this world now, getting stronger. It is amazing to see that.

This may be because of other people's confidence that the U.S. can not and will not bankrupt

despite of the dilutional effect of more printing of the dollar.

I believe that it's because other countries are printing their own currencies as well.

However, the U.S. dollar and a few major currencies may get still honored

while other minor currencies may get ignored and completely lose their value.

At some point in the future, even the major fiat currency systems of the world will break.

The paper money will have no value just like a piece of paper.

It will be replaced by the bitcoin (or similar blockchain system) or the currency backed by gold.

Some people are preparing for the day by accumulating precious metals or some bitcoin system.

There is a rumor that the World Bank is considering bitcoin (or similar) as the world's legal currency.

No one knows when, where, and how this will happen.

Just my (and other financiers) speculation.

https://news.joins.com/article/23751752?cloc=joongang-home-newslistleft

[출처: 중앙일보] 美 사망 중 70%가 그들인데… 흑인이라서 마스크도 못쓴다

https://news.joins.com/article/23751926?cloc=joongang-home-newslistleft

[출처: 중앙일보] 뉴욕 사망자 7060명, 中추월…영안실 넘치자 섬에 집단매장

https://news.joins.com/article/23752332?cloc=joongang-home-toptype1basic

[출처: 중앙일보] 부활절 앞둔 美, 세계 처음으로 하루 사망자 2000명대 나왔다