PANews reported on December 21 that according to Jinshi, Hong Hao, chief economist of Si Rui Group, said that the current market consensus is that Trump's coming to power can change many things in the United States, and even in the world. But the market's medium- and long-term inflation expectations have been high for two years before he came to power. This is because the total amount of broad money generated by the United States in the three years of the epidemic is equivalent to the total amount of all broad money from the founding of the United States to 2020. In the next few years, US government spending will rise in a straight line. There is a big question mark as to whether such a deficit-based fiscal policy can be sustained. The market's misunderstanding is that Trump alone can change the world's situation, but facts and data have proved that inflation expectations have not come down. And this inflation expectation is related to the entire US dollar credit currency system.