Group 1 - The article discusses the emergence of a significant buyer for U.S. Treasury bonds, which has purchased approximately $1.5 trillion in bonds over 18 months, surpassing the combined holdings of Japan and China [1] - The total U.S. debt has exceeded $36 trillion, with annual interest payments alone costing over a trillion dollars, making it challenging for the U.S. to rely solely on economic growth and fiscal surplus to manage this debt [3] - The U.S. has turned its attention to the cryptocurrency sector as a means to address its debt issues, initially through the speculative trading of Bitcoin, which attracted global investors to convert their currencies into dollars and invest in U.S. Treasuries [4][6] Group 2 - The article explains the concept of stablecoins, which are digital currencies pegged to traditional currencies, requiring issuers to purchase U.S. Treasuries to back the stablecoins they issue [8] - A recent U.S. Senate bill mandates that stablecoins must be fully backed by cash, demand deposits, or short-term U.S. Treasuries, making them attractive in countries with depreciating currencies [10] - Companies issuing stablecoins are profiting significantly from the interest on the U.S. Treasuries they purchase with the funds raised from stablecoin sales, with estimates suggesting that by 2028, stablecoin issuance could reach $2 trillion, creating an additional $1.6 trillion demand for U.S. short-term debt [12][14] Group 3 - The article raises concerns about the reliability of stablecoins, suggesting they are essentially a "new bottle for old wine" and could collapse if U.S. credit issues arise or if the cryptocurrency market crashes [16] - It highlights a recent incident where the USDC stablecoin lost value due to its association with a failing bank, illustrating the risks involved [18] - The long-term strategy of using stablecoins to alleviate U.S. debt issues is deemed unrealistic, as debt repayment ultimately relies on a solid economic foundation and national credit [21]

【文/观察者网专栏作者 张仲麟】 5月28日，《纽约时报》爆料称特朗普政府暂停了允许美国公司向商飞出售产品和技术的许可证，实质 上限制了美国企业向商飞出售包括航空发动机在内的一系列产品与技术。 这意味着由美国通用电气与法国赛峰合资成立的CFM国际很可能无法继续向中国出口leap1C发动机，而 这是中国大飞机C919当前使用的发动机。 在中美刚刚就关税战在日内瓦达成共识并同步降温的当下，特朗普政府这一举动无疑是在重新点燃贸易 战的战火。根据纽约时报的消息，特朗普政府本轮对航空领域的限制是对中国限制稀土矿产出口的报 复，然而我们都知道稀土出口管制是针对美国半导体限制的反制措施。如今特朗普政府针对中国稀土出 口管制进行航空禁售，无疑是在挑起新的事端。 纽约时报爆料，美国政府将针对中国稀土出口管制进行航空禁售 这样的场景每时每刻都在上演 对特朗普政府来说，想要卡C919的脖子早就不是一天两天的计划了。早在2019年底，特朗普第一个总 统任期的末尾，美国媒体就爆料称特朗普计划对C919采取发动机禁售。在媒体爆料禁售计划后一个月 左右，白宫出面否认，将这一传闻画上句号。对比5年前的情况，只能说：此时此刻恰如彼时彼刻。 出 ...