The United States harvests India, liquidates, withdraws 9 trillion from India, and India may regress 20 years

A report published on September 11 warned that a wave of large-scale corporate bankruptcies in the United States is about to hit the US economy, causing a blow to the economy. On September 10, Jamie Dimon, CEO of JPMorgan Chase, also said that although his confidence in the decline of US inflation from high levels has increased recently, he still does not rule out the possibility of the United States falling into a recession and rising inflation. On August 31, Musk, the world's richest man, also tweeted: "The United States is on the fast track to bankruptcy," issuing a stern warning about the dangerous trajectory of US federal debt spending. According to the latest data released by S&P Global on September 11, the number of corporate bankruptcies in the United States is "historically surging," and heavily indebted companies are finding it difficult to adapt to the new era of high interest rates. In June, 75 companies across the United States filed for bankruptcy, setting a record for the highest number of bankruptcies in a single month since the beginning of 2020, bringing the total number of bankruptcies so far this year to 346, significantly higher than the same period in the past 13 years. To make matters worse, JPMorgan Chase said in a report released on September 2 that the Bank of Japan may raise interest rates again this year at lightning speed, reaping the benefits of the U.S. financial market in reverse. This has led to the continued intensification of problems in the U.S. banking industry, which reflects the health of the U.S. financial market. Deposits are being evacuated in large numbers, and local branches continue to close at an alarming rate. Analysts believe that the U.S. economy is facing these headwinds, and investors may be ready to press the sell button at any time, including iconic dollar assets such as U.S. Treasuries and U.S. bank deposits. Bob Michele, a portfolio manager at Morgan Asset Management, believes that currently, U.S. money market funds have $6.2 trillion ready to withdraw immediately after the Federal Reserve officially starts the interest rate cut cycle.