By Sameh Selim: The Secret Word in American Debt

Mr. Sameh Selim

 

Written by Sameh Selim: The Secret Word in American Debt

Talk about American debts that have exceeded the barrier of 3 trillion dollars has become a concern for American society and the American treasury and has begun to reflect on the American citizens and companies, but there is hope to reduce this huge amount of debt. Printing banknotes requires a cover of gold, oil, or gas. Is this enough? Of course not. Industry and production are the locomotives of the country's advancement, as China, Japan, and other countries have done. However, the secret word in this industrial renaissance is electronic chips or semiconductors. This industry is the engine of everything in the world. Whoever owns it owns a large part of the world's economy. This huge amount of debt means nothing to countries that own electronic chips.

The secret word in solving the puzzle of the accumulated American debts, which seem terrifying to the American citizen or investor, means nothing to the planner and mastermind of the economy because the global need for these important elements that enter into all industries is considered a turning point in the history of humanity and the modern advanced state that seeks to rise and depend on itself. The United States is now seeking to triple the production of electronic chips by 2032 and to attract global companies to establish factories on its lands by giving them financial, legal, and legislative incentives to increase the percentage of global production on American lands. It also provides grants and loans to build factories in Arizona to enhance local biotechnology production.

Now, let's delve into the crux- acquiring the raw materials that fuel these strategic industries. These materials, including white and black sands and rare minerals, are abundantly available in North Africa and the Middle East. This presents an economic turning point for these regions, underscoring their strategic importance in the global economy.

Finally, I want to instill confidence in the American community and those who rely on it. The United States is steadfast on the right path, and there's no need for concern. The future of the American economy is promising.