We are not out of financial crisis
Posted on Jul-01-2010· by china investor
I read some bad news, which told us again, we are not out of the financial crisis.One bad news is come from ifeng.com, a reported tell us , in china, the price of the house rise up 68% a year. Also another reported told us, in the current 44% money is owned by 1% people.
Why it is bad news? Now in china , there are huge excess capacity in many industries, but china will find a tighten fiscal in global. So it is very important let chinese people have enough money buy these product. The diffecault is, people have no money, because the price of the house is the total amount of 25~35 years salary. People had to save money into bank, but bank waste many many money, many money was given to real estate company, we read some repote told us many money is wasted to build some “city” , although these “city” even have not one person living in it after they finished, at the same time and at the same province, The huge drought caused many many people hard to living at the local, the home, the “reason” is no money to repair reservoir! Actually, the most of reservoir is created at the “old china”, we are really have no money in that ages, in the current, just stop build “new city” or we can said “ghost city” because no any one living in it, we have enough money repaire reservoir, the reason is not no money, the reason it these money only offer service for a little people, and these people can get profit for themself from these “project” , although these “project” is no any income for the most people, repair the reservoir only need a little money, but no any specify can get personal profit from it! The money should be used for the most of the people! We need let young man can marry , have house , have money to buy everything, not forced to save in the money,or controled by a little people, the money should putted in the most of the people’s packet, the distribution system have big problem! It will caused financial crisis become a dead problem!!!
Another bad news is USA have more people lost job, I can not image how USA can go out from the financial crisis with so high a Unemployment rate so long? Could USA always feed so many people which have not job and income? The most important things in USA should be let people find a job, not always use hugh money to save bank, bank controled the money but now give money to little company so peopel have no jobs, why save bank? Now the banker are asking the highest praise but more and more people lost job! Forgot the nonsense created by FED, high Unemployment rate will stop the “Economic recovery”, not research 1980s , 1990s ,2000s, go back to research 1930s , all countries are fight with the Unemployment rate and the war solved the everything,I feel very strange what are MR Ben doing now?Why so optimism to say everthing will be o.k?
Bad news,We are not out of financial crisis , if we only follow the old way, We can not solved the problem, if in the current we fight with the issue in ourself’s system, we will not need to fight with each other, now we need begin the really reform, stop nonsense, begin change ourself. The best chance of “”Economic recovery”" are lost, we have more things to do now.
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financial crisis
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