Market liquidity will mainly come from the Federal Reserve's purchase of US bonds, rather than from interest rate cuts. The United States will remain in a state of high interest rates for a long time, but it will not affect the resurgence of the US dollar. It may be a bit difficult to understand, but that's how it turns out. The 30-year US Treasury yield has once again exceeded 5%, and neighboring Japanese bonds have also failed to sell on a large scale. China continues to reduce its holdings of US bonds and hoard gold. The United States stands up and looks around. There is no one outside who has the ability to buy US bonds, only the Federal Reserve itself. If the Federal Reserve personally takes over the issuance of US bonds, it will directly bring a large amount of base currency to the market, whether it is Bitcoin or gold, which will continue to be pushed to new highs. So next, we will focus on the situation of US Treasury bonds, rather than cutting interest rates. The higher the yield on US Treasury bonds, the more severe the crisis, which will force the Federal Reserve to personally intervene in the end.