Chapter 544

Chen Tong said nothing with a smile. Golds turned his back and looked at the scenery. It seemed that he said unintentionally: "Mr. Xiang has been very busy, right? I always think he's gone, but there's going to be a problem. "

What does this mean? Can Chen Tong not hear it? She said with a smile, "it can be said that he can't do anything without me."

What Chen Tong said is very confident, which is true at all. Not excited, just like the lake in the manor.

Gores nodded. He turned to look at Chen Tong and said, "I'd like to hear what you think of Du Le?"

"He is a businessman with characteristics, and he has a clear purpose and a lot of courage. There are really few such people. " After Chen Tong finished, gores gave a little smile and said in a low voice: "ambition is also very big. It's like a bottomless hole. Dole has a greedy nickname in the business world. He will eat all his partners, not even bones. For him, there are no friends or enemies, only interests. This man is really terrible. "

Chen Tong laughed, did not speak, did not deny.

Golds also said with an embarrassed smile, "I don't think it's good to say what to do with it."

Chen Tong says in a low voice: "you are very anxious actually."

"Oh? Anxiety? "

"Now the Rothschild family is very anxious. You are more sensitive than anyone at the top. You know that your position is not easy, so you know that the world will soon usher in a big turmoil. After all, you can see more comprehensively and the perspective is more similar to that of God. Is that right? "

When Chen Tong finished, gores was stunned. He did not expect that this young Chinese woman should have directly expressed his hidden worries.

Golds looked at Chen Tong suspiciously. He pretended to be silly and said, "can you tell me more about it?"

"Then I'll make a fool of myself. Let's talk about it briefly. In fact, we found some problems in trading, such as the problem of white hawk. White eagle's output of physical products has been very little, you now focus on finance, and virtual economy. For example, futures. The main thing is to manipulate the capital flow. However, if we all do this, it will cause a serious problem, that is, the problem of economic hollowing out. After the decline of real manufacturing capacity, Baiying's technology research and development capacity is strong, but its implementation capacity is weak. Many of them are just for the sake of technological property rights, not for technological products. Whether it can be realized or not is beyond their consideration. They only need authorization. So production capacity is declining. "

"And then, you have a huge hidden danger, which is the subprime mortgage crisis. The more loans you have, the less debt you can repay. In fact, it will not be long before a global financial crisis breaks out. The crisis will spread from white eagle to the whole world. White eagle, CHONGYING and Europe will all be spared. The economic growth of developing countries will slow down, and the world economy is facing the most severe challenge since the 1930s. "

"You mean the financial crisis?" Golds looks at Chen Tong suspiciously. Chen Tong smiles and says in a low voice, "do you need to say more?"

"Tell me, I think it's novel."

"A new liberalism is emerging in your country, and under this policy, financial products are over innovated and financial markets are over speculated. The new liberalism policy of deregulation. More and more financial institutions will be attracted to engage in speculative business, and a lack of regulatory financial market will lay a curse on the emergence of financial bubbles.

"Second, if the monetary policy is not properly operated, there will be a very serious crisis. Since 1980s, the monetary policy of your country has been insisting on the low interest rate for a long time. The long-term low interest rate has pushed the whole white hawk stock market to boom and bubble periodically, and this problem will become the exploding point of the world sooner or later.

"In addition, the scale of the manufacturing industry is stagnant, but the excessive abuse of financial innovation. Your country's financial policies provide external conditions for financial product innovation. Driven by the maximization of interests, the types and scale of financial derivatives have expanded rapidly. After the expansion has reached an excessive level, I believe you can understand what will happen if they explode! "

"Moreover, the marketization of the pension security system has stimulated the demand for financial products. Since the 1980s, almost all developed countries have been implementing the pension marketization reform of reducing welfare expenditure. The increase of household demand for risk aversion and liquid financial derivatives not only promotes the excessive prosperity of the financial market, but also further weakens the investment in the real economy. The shrinkage of the real manufacturing industry is doomed to shake the market. The essence of the market is manufacturing, not finance. You put the cart before the horse. Therefore, from the appearance, these have already indicated the arrival of a great disaster. "

When gores heard Chen Tong's story, he frowned slightly, and then asked, "you mean, these are all superficial reasons, but what are the deep reasons?"

"Deep reasons? Ah, the deep reason for the financial crisis in your country is the result of the long-term imbalance between the virtual economy and the real economy! Generally speaking, the real economy refers to manufacturing, construction and transportation, while the virtual economy refers to finance, insurance services, real estate and leasing services. Since the Second World War, great changes have taken place in the internal structure of Baiying's GDP. The real economy has been declining, the degree of economic "virtualization" has been deepening, and the vulnerability of the financial industry has been transmitted to the whole national economy. In other words, Baiying used to be a very hard and solid economic system. Now, although you are big, you used to have brick walls, but now you are built with building blocks. With such rapid expansion, do you think it's possible that you can't collapse? ""Ha ha, the imbalance of the real economy... Well said! I didn't expect Miss Chen Tong to have such insight! I really admire it. However, I would like to ask, what do you think is the root cause of the problem? "

Chen Tong laughed, she whispered: "root cause problem, this always told me."

"Be sure to talk about it!" Golds said politely.

"Since the 1980s, the Neo liberal economic policies generally implemented by the capital countries represented by your country and the international monetary system dominated by the US dollar have constituted the institutional environment for this crisis. From the root point of view, the impending financial crisis is not only a financial market problem, nor a simple imbalance between the real economy and the virtual economy, nor a problem of capitalist greed for human nature, but an inevitable result of the further development of China's basic contradictions under the new historical conditions. "

"In the final analysis, this is the contradiction between the socialization of production and the private possession of capitalist means of production, and it is still the basic contradiction in Contemporary Chinese society. The relative overproduction caused by this contradiction is the essence of the economic crisis. "

"In addition, the combination of highly monopolized financial capital and highly speculative financial capital has pushed the basic contradictions in your country to a new height. The new freedom theory intensifies the anarchy of capital market economy, and the excessive development of virtual economy not only causes the imbalance of economic structure, but also creates huge market risks. Therefore, the root cause is determined by the system, which can not be avoided. Of course, you can choose to be alone. Avoid this storm and not die in this crisis. "

Chen Tong doesn't talk about it any more. When gores heard this, he stopped asking.

Because he has all the answers, Xiang Qianjin can see through, and Chen Tong, a woman, can win over, because she is a real understanding person! Now in Baiying, a large number of capitalists seem to be crazy, optimistic about the domestic capital. They are crazy to use innovation to increase financial projects in order to pursue profits. Make your capital bigger. But from Geers's point of view, the more they are, the bigger the bubble and the bigger the bubble, the less investment in physical manufacturing. The final result is that as long as there is only one country, it will lose the production capacity of manufacturing industry, and become a castle of building blocks from a country built of reinforced concrete pure land.

This kind of economic system, does not collapse only then damned!

Gold's eyes were full of appreciative color. He nodded and said, "it's really extraordinary. It seems that I must see Mr. Xiang today! "