【95】 Kinghood Explore the multinational financial warfare (Part II)
In fact, consumer credit for economic development and people's lives affect the already penniless the United States have shown. The emulating reiterate of consumer credit in the United States History:
consumer credit is from the early nineteenth century into the American family, before that, the fashion of U.S. dwellers still adhering to the respect for thrift , detest debt mindset (and the Chinese people are the same.) The idea comes from traditional civilization and religious faiths. In the eyes of the monk, the debt is with the disease, linked with the demon Recommended to the faithful Protestant priest in Sao Paulo, chien words:
course buyer credit business originated in the early nineteenth century for the improvement of housing, user durables such as cars and refrigerators taken installment tactics. Initially, the total price consumers must premier disburse 30% of the down disbursement, the remaining loan to pay off in 6 months alternatively a year, afterward amplified to be paid yearly. The 19th century, 20 years, payments are every month payments along year's The temptation in the business, build up families effect the American imagine house, dream automobile willingly put themselves in the chains of debt. From 1920 to 1929, real per U.S. family debt increased from an average of $ 387 $ 739. In 1930, the United Auto 75%, 90% of the furniture, bathing machines 80%, 75% of the radio to be sold in installments. Rely above
stock market break in 1929 in the United States, consumer credit, agent of the U.S. economy out of the surface. From 1929 to 1933, jewelry, architecture materials, automobiles, furniture, utensil sales decreased by 85%, 82%, 78% and 69%,
womens tods driving shoes, because the overdraft before too much consumer credit market. However, consumer credit, wrong debt losses are small, only 1% of total loans.
can be seen from this example, consumer credit for economic development and there is not much good, on the contrary that, when the outbreak of the crisis, its side-effects of economic development characterized the ultimate'd . More to the point, the real profit in the consumer credit, is the lending bank - you have to play the loan, he earned; you are not from the loan, his back to you.
course, is the explosion of the subprime mortgage crisis consumer credit also has eye-catching performance:
February of this year, Deutsche Welle Web site, sub-loan crisis of the U.S. financial crisis has spread to the credit card field, the colossal wastage of credit card defaults will soon open, so not out of the subprime crisis hit the U.S. economy suffered a new circular.
70% of
today's U.S. economy driven by private consumption and personal consumption is carried out by debt. Now, the U.S. credit card debt has been accumulated to 915 billion U.S. greenbacks, there are 1.5 trillion U.S. dollars in cars and other consumer debt, 10 trillion of personal mortgage debt. American consumers a lot of money, but not spend their own money, but money on the credit card. Unemployed people is increasing, the situation can not make credit card payments increased significantly. Subprime pledge emergency intensified, there will be speed up of the cardholder to pay his debts, which will inevitably lead to the U.S. economic downturn.
However, Americans have adult a accustomed of consumer credit and a deep fall in it, as with addictive as drugs - drugs will persist to dead, pill is preferably die than live, even more complicated - Farewell to rely on economic models of consumption loans is that the U.S. economy can not bear. We blunder the United States to go the way it?
In fact, consumer credit is also secret back a more sinister secret - the international financial forces wish to create a very small number of people ruled by a earth government, the people of the globe become their slaves, and then on Earth dictate the landlord of Of course, the people who set the shackles of debt it is no longer the chains - the chains of debt in order to set in the world who depend on consumer credit to lively people - not from the mortgage, it becomes the slaves. In elite, globalization is thought that Russell.
If the thought of a household to live comfortably and carefree, we must do two things, one can not bet, two do not borrow. The same is true of a country engaged in the economy, in order to flat economic development, one can not encourage speculation, and the second can not rely on debt-fueled economic development. With massive credit expansion to motivate the economy is Keynesian view, Cairns, Russell and international financial forces, is itself a pair of pants to dress. Keynes this outlook is widely secondhand by Governments, after the result is wasteful caused excessive growth of consumer goods and services, which gives the sound development of national economy, leaving a serious risk, for a country can expand production process accessible funds are limited, more wasteful spending, long-term investments less surely. Moreover, such a waste of resources by stimulating economic growth, achieve their objective approach, will send calamity to all mankind, on this point, I will elaborate in Chapter VI.
(3) sale bubble bubble
for marketing, can be understood, standing corporate class, is due to administrative and sales staff occasioned by the excessive increase in physical output per unit of the overall cost of the increase; standing in the community level, is the daily total amount of fashionable production of material goods and fatigue productivity did not enhance many the case, GDP has increased substantially.
As market competition intensifies, enterprises in order to survive and develop, the investment in marketing efforts more and more in 2007, traditional medium ad spending in China totaled 312 billion yuan, 7.0 billion total online advertising, the same year, GDP was 22 trillion yuan, an advertising list for only 1.5% of GDP. Now, many industry product prices with the market retail price of less than 20% are accounted for, averaging that 80% of consumer spending to the circulation. This rational? This is called marketing bubble. The greatest avail is that the bubble can be expressed in financial terms the hands of the people of wealth, so as to achieve the purpose of pillaging the wealth of the people. Whether it is a speculative bubble, the debt bubble in the bubble or marketing, are true.
course, along to some of the essence to say, return on investment, particularly in the circulation to the transfer of consumption - as if it is a day by the way entities Italian. Really true? This year, it is not long in idea the consumption.
prevalence refers to the merchandise produced, via transport, storage, and marketing to reach consumers in the middle portion. Circulation does not build merit, only melodrama a character in the transmit value of the goods. Indeed, the commodity prevalence to value and use value can not be the missing link, but the value of goods created by the production process. Production is fundamental, circulation is the leaves, branches and leaves can not be more major than the fundamental right? Why is there such a confusing location? Natural for us to ponder the causes - which is not favorable to social righteousness, will also influence the efficiency of social production.
fact, this is a waste of the market economy system inherent ecology of the determination. With access to the purchaser from a seller's market, businesses face increasing competitive pressure, in order to survive, businesses must be put out of production and sales to manner the behind partition to survive. However, in a buyer's market, all manufacturers want to sell products, products of the gap itself is not excellent - the so-called product differentiation is more a consumer's subjective feeling of it (and efforts to enhance the purpose of the manufacturers), in fact, All fit product differentiation is not large, they are in line with national production standards (besides for counterfeit products); course, every product has a pass rate of problems, which are the same for all products, though numerous renowned promote their own brand products in how quality is peerless, in fact, far differ than you'd consider.
order to contend for limited consumer, businesses must increase investment in the marketing chain. It is like chasing a girlfriend, favor, while only a boy to go for a girl, he will not be much price to pay; the accident of a large number of competitors, think about this an girl would have to spend to grab up with big costs , or else to catch up, but if chasing girls spending is borrowed two of their marriage so the girls have to follow the debt.
, of course, the emergence of extravagant competition and not enough message about the investors (either considered to be a good opportunity to obtain rich, get a lot of opponents after the breakthrough, the tangible profit is far many thought). This wash its hands of the government on the market (
When an economy too much invested in the circulation of money - these must be counted into the cost of goods inside - in the last thinking or to the consumer to foot the bill, which formed a solemn waste, but also led to commodity prices and value of a serious departure from, this is the marketing bubble.
in the market economy, the government investment business in the circulation increase in the quantity can not be prevented - it is in the way of free market tournament, so in a market economy, people waste of social resources is inevitable.
In increase, the so-called With a see at:
a sometime Chinese Ambassador to the U.S. Commercial Consul in San Francisco in 2004, an economic examine was done, he is a survey of commodity prices in the domestic exports to the plenary United States the process of price changes, with a look at: 1 U.S. dollar manufacturing plant in China - Chinese exporters $ 1.05 - U.S. importers $ 1.4 - $ 1.75 colossal U.S. wholesaler - U.S. distributor $ 2.0 - $ 4.0 U.S. consumers (or even $ 8.0).
the price account we discern the fact, what is sweatshop! Chinese exporters earn $ 0.05, less than 5% margin,
tods bags, Americans in circulation revenue was $ 2.95, they also do not really generate! What is this? This is the blood of the Chinese people suck! China faces some of the elite actually have to follow what is barking We are not produced, to create a profit I see you! You must Hexibeifeng go!
- there was not whichever problem of profit-shifting, there are only aliens in the press of the Chinese people's blood and perspiration! So, because this sweatshops, not 2 words, and resolutely shut down! Not to use managerial method to mall means, the commute rate mentioned it, and coerce them to sell technology to compel them to learn to sell the brand with foreigners.
now the United States imported productions directly from China about 700 billion U.S. dollars, which is China's manufacturers and export trading company's total revenue, total profit of up to 30 billion, but alien wholesaler of earnings? 700 billion. Even whether the web 40 billion in treatment and bargains expenses, there are 300 million profit, is 10 times the profit! People enjoy high welfare conditions of foreigners, of course, of course paid holiday, travel bring offthe world!
Obviously, in the chain from production to consumption, the lower are to foreigners accounted for, others for a long long time, catching advantage of honest, natural enough for your own reasons - -
the second chapter, the disintegration of a country's economy foam of the maximum classical circumstance of
1, Plaza Accord
In 1984, the U.S. present account shortage reached a record 100 billion U.S. dollars, trade frictions with other countries. To this end, in September 1985, the United States, Japan, Germany, France, Britain and other developed countries, 5 finance ministers and central bank rulers appointment in New York Plaza Hotel, the government resolved to 5 mutual intervention in currency markets, the dollar orderly decline of major currencies in order to increase the competitiveness of U.S. exports to resolve the massive U.S. trade deficit, known as the Since then, under pressure from the United States, all the way to the appreciation of the yen, in a few months from the native $ 1 250 yen to surge to 120 yen 1 U.S. dollar.
fear of the Japanese yen ambition amplify export prices, reducing competitiveness in abroad markets, the Japanese government began to modify the economic growth, servant demand-oriented policies, the Japanese central bank tear interest rates to depress the savings rates, stimulating expense, whatever, triggered distinct inevitable consequence is that money afford growth. As under the existing industrial framework, economic growth in Japan is saturated and tin not properly guide the flow of money supply increased rapidly; paired with dramatic changes in currency exchange rates (appreciation of the twice) to export a ponderous blow to the manufacturer, to make up for all corporations export losses have speculative lending from the bank, so huge amounts of money flowed into the stock market and real estate.
be famous that this policy does no condone assumption consistent with the industrial policies of Japan in the quondam. Fifties and sixties, before the Japanese administration is strictly restricted monetary presumption, Japan's plan namely apt navigate the policy of bank credit to invest in the field of industrial development and infrastructure construction ahead 1985, the evolution of Japanese manufacture is amazing. Bank of Japan during this time the lend quality is likewise very high. Before 1965, Japan's 150 largest banks in the loans,
tods ballet Flat, to invest 65% of the creation areas of the national economic, only 6% to the non-production places (ie finance, insurance, real estate and service industries); to 1975 150 Japan's largest bank lending, there are still extra than half the amount of loans to invest in the production areas. After 1978, in Russell to stop the spread of industrialization and globalization policies under the guidance of the Bank of Japan's investment converge from production and shift out of industrial areas,
tods, to invest in post-industrial society, the service sector bank loans surged. Production areas in 1985 the total loans dropped to 38%, yet still higher than at this period to invest in loans to non-production areas (26% of total loans), smudged diseased Japanese economy behind ten annuals to do.
1978, Japan had blueprinted to Latin America, Asia and Africa, 500 billion U.S. dollars investment in amplifying countries for the development of railways, water supply and power generation infrastructure, but the then U.S. Secretary of State fabric Japan Hot Jin Siji mighty oppression exerted - to discourage industrialization of poor countries, globalization is the quintessence of Russell. Japan, the world's infrastructure development fund if successful, is the second Marshall Plan, even now does not help the yen to become the new hegemony, but also allows the yen and U.S. dollar Euro detach categories. However, Japan is not an independent country, it is in the U.S. Japan can not stand the pressure of Brzezinski, was forced to relinquish the large-scale investment plans.
U.S. signed the Plaza Accord in Japan to force the disintegration of the Japanese economy is fair the first step. The surge in the yen hit Japan's export fabrication industry, weaken the international competitiveness of Japanese companies; the same time, the United States by limiting investment in third world countries, Japan, forcing Japan cut interest rates due to emission of huge amounts of money and nowhere to to, ultimately, blowing a huge bubble. In addition, the Japanese yen's appreciation of the industrial equipment becomes more priceless, poor third world countries can not afford more, and in order to encounter Russell in the International financial forces slay 3 birds.
Plaza Accord on the Japanese government cut interest rates several times after, the U.S. government is not satisfied, insufficient cheap enough interest rates in Japan - a deficit of the Reagan Administration policy also absences to huge yen advocate. October 1987, the New York stock market crash. Japan, U.S. Treasury Secretary Baker to put pressure on the Bank of Japan cut interest rates to continue, so you can preoccupy the funds into the Tokyo market. Bow to the Japanese government, the yen interest rate cut to 2.5%, Japan's banking system began to spread of serious liquidity. At this time, the proportion of Japanese bank loans to invest in is entirely reversed - to invest in non-production areas of the loans began to invest in production areas higher than the proportion of loans. However, this alternative of the Japanese government, Shishuwunai. After interest rate cuts, there has been a huge money supply is nowhere to sprint - domestic investment has been saturated, and cast the third world countries the United States (precisely the international financial forces) do not engage that these funds can flow to where?
2, blowing a large bubble
huge amounts of money flock to the stock market and real estate, after the stock market in Japan and the housing bubble prosperity. Annual growth rate of Tokyo's stock was up 40%, real estate or even more than 90%. December 29,
tods gommino, 1989, the Japanese stock market reached a historical tip, the Nikkei was rushed to the 38,915 points. The rendition of the housing market is greater. 6 major cities in Japan, residential, commercial and industrial land prices rose by double digits every year, from 6 per square meter in 1970 to thousands of dollars, surged to 1991 $ 62,000 per square meter, up by as much as 10 times, set a world log unheard of. In contrast, New York City land price is only 1,200 dollars per square meter. To the late 80s, Japan has accounted for the land of asset for 70% of the total citizen wealth. Then there are the Japanese arrogant to say: Unfortunately, the arrogance of the Japanese do not know, Japan's land prices are forcing Americans rose up.
Japan's economic bubble bubble to expand to this point, and then the arrogance of the Japanese intellect is instantly narrated. Because the stock market and housing market speculation is the root of faith. No trust in super super how will the bubble? After the Second World War, Japan has been under the ministry of the United States, the United States is the conservation of Japan, so Japan ought follow in all materials the arrangements for the United States, the Americans say, the Japanese can only mention Now Japan has become the largest creditor, so the Japanese have each reason to mention There was a mini fable illustrates the arrogance of the Japanese level: a Japanese proposition to the U.S. government, the California sold to the Japanese, between Japan and the U.S. to residence the huge debt problem. A very agreeable reason, California from Japan recently, most Asian people, commerce and investment narratives with Japan are the most ... ... California has convert prevailed by the Japanese, the Japanese ought buy it in California. Japanese are smart enough to understand money can buy, the year Alaska from Russia hands not that Wallace bought it?
deeply immersed in the entire piece of Japan to the United States say
tods gommino loafersandThe ladies favor boys ( Yao Yao aboriginal )
tods womenandMen ought be favor this
jp tods mocassinsandMan have to discern asset, no into girls
see this, the wind had burst into tears, and he is really good sorry, he really should not believe those 'friends', he tried to hold her, desperately of shouting at her, but she can hear me?
friends: a lot of things are often only know how to cherish and so lost! You handsome, I hope you can take good care of after reading your girlfriend or wife, no matter how ugly she was, since you have chosen to love her, we must make good on her, not so lost to know regret, when it was too late the
I hope you will help me after seeing a turn, so that more people do not regret it! Does not turn you saw not regret Oh! Perhaps the above story will repeat itself in your body Oh! Ha ha ...
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tods bagsand【 95 】 Kinghood Explore the internat
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