The political arena is full of chaos, and the media bluntly say that "American democracy" has disapp

Original title: political chaos, the media bluntly said that "American democracy" has disappeared
In recent days, the US political arena has been full of chaos, the two parties have been deadlocked on the debt issue, the Federal Reserve scandal and various negative political events have been frequently seen in the major media. These chaos have exposed the deep-seated problems of American political operation. Some media say that "American democracy" has mysteriously disappeared.
The two parties are deadlocked on the debt issue
The debt impasse in the United States has lasted for many days. The two parties have been entangled in multiple issues such as the responsibility and procedures for debt repayment, and it has always been difficult to unify. US President Biden delivered a speech on October 4 local time, attacking the Republican Party's opposition to raising the debt ceiling as "hypocritical, dangerous and shameful".

△ screenshot of ABC Report
According to CNN, if the debt ceiling cannot be raised in time, millions of Americans will stop paying for their survival, including workers' salaries, medical insurance benefits, military salaries, tax rebates, pension insurance, etc. This will lead to novel coronavirus pneumonia recovery funds, which are rising unemployment, tens of billions of new pending pneumonia, and credit markets will freeze. US Treasury Secretary Yellen has repeatedly warned that if the US Congress does not solve the debt ceiling problem in time, it may lead to a financial crisis and economic recession.

△ screenshot of CNN report
The deadlock between the democratic and Republican parties on the debt ceiling not only reflects the lack of political consensus, but also puts pressure on the U.S. sovereign credit rating.
Fitch, an international credit rating agency, recently issued a statement saying that if the United States is deadlocked on raising the federal government debt ceiling or suspending the effectiveness of the debt ceiling, the U.S. sovereign credit rating will be under pressure. Once the United States fails to repay its debt in time, Fitch will downgrade the default rating of U.S. foreign currency issuers to "limited default" until it is determined that the event of default is resolved.

△ screenshot of Fitch's official website
Fed scandal continues to ferment
In the face of the current situation of high inflation in the United States, the Federal Reserve has not only been unable to realize the lie of "temporary inflation theory" before, but has recently been investigated and criticized for officials' immoral insider trading.
According to the U.S. consumer news and business channel, on the afternoon of October 4 Eastern time, the Federal Reserve said it was cooperating with the office of the inspector general (OIG) to review the trading activities of some officials in 2020.

△ screenshot of American consumer news and business channel
Bloomberg novel coronavirus pneumonia reported that the Fed's financial information showed that in February 27, 2020, the day before the Federal Reserve Chairman Powell issued a new policy on the possibility of a new crown pneumonia outbreak, the Fed vice chairman Clarida realized the value of about $100-500 of the Pacific Investment Management Company's bond fund and bought other funds and stock funds. In 2020, there were five transactions in Clarida.

△ screenshot of Bloomberg Report
In this regard, Elizabeth Warren, a democratic "heavyweight" Senator who participated in the U.S. presidential election and appointed the chairman of the Federal Reserve with voting rights, criticized the insider trading of the Federal Reserve as "evil" and asked the U.S. Securities and Exchange Commission to investigate whether its trading was "illegal".
The negative news in the political arena continues, and "American democracy" has disappeared?
The recent negative news in American politics is not only that. According to politico, a US political news website, Gao Hongzhu, a senior adviser to the US State Department, suddenly announced his resignation and issued a severely worded internal memorandum before leaving, criticizing Biden for using the improper policies of the trump period to expel immigrants from the southern border.

△ screenshot of politico website report
Various problems have emerged one after another in the US political arena recently. Hong Yuan, a researcher at the Institute of American Studies of the Chinese Academy of Social Sciences, analyzed in an exclusive interview with global information broadcasting that the chaos in the US political arena indicates the decline of the US country and society.

Hong Yuan said that these amazing facts make people have reason to doubt whether the state machine of the United States operates normally and efficiently, and even whether such a system is still running on the right track. In history, such a situation often indicates the rapid decline of a country.
As Martin wolf, the chief economic commentator of the financial times, lamented in his article entitled "the bizarre demise of American democracy" a few days ago, the political polarization and partisan division in the United States are increasing, "Why is this happening? The answer is in an increasingly diverse country, when greed, ambition and anger are combined with an economy that fails to bring security and prosperity to the majority of the population."

△ screenshot of Financial Times report
Reporter Wang full text
Editor Wang Huanxing
Reviewed by: Yan Ming, Zou Haoyu
Producer Guan JUANJUAN