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When It Is Made of U.S. Money Notes (2)

27 March 2010
 

America’s match fixing practice in the international financial game has finally backfired in 2008.

The nature of the 2008 financial crisis is of no difference to the Asian Financial Meltdown occurred in 1998, all are directly resulted from American financial institutions’ shady practice of deception. The only variation is that in the late crisis, America's investment banks not only tricked and ripped off people in the foreign states, but targeted their fellow countrymen as well, and the amount involved is believed to be way too large. Consequently, their own system collapsed.

Please take a look at the man in the front of the picture featuring on the cover of the Time Magazine. Yep, he was the the Chairman of the Federal Reserve of the United States for 19 years and the number one culprit responsible for the Wall Street financial crisis 2008. He made not just one or two mistakes, but a long string of them in a time span of ten years when he was in charge of American financial institutions. How can we ever trust this man again? And ever believe the myth about the invincibility of the Western economic system that he represents?

Please also take a look at the man in the right back of the picture with a stony poker face. Yep, he is the one who accused Asian financial system of being responsible for 1998 financial meltdown. But can you tell me American banks are free of the sins that are said to be committed by Asian banks? In the 2008 crisis, American myth burst and now the Three Marketeers are look less like Three Musketeers, but more like three Masters of Cheats.

As this being said, when you read the flattery words next to their images, don’t you feel your intelligence has been insulted by the typical American-style propaganda?

The current problems with the American dollar are clearly due to the double pressure placed on the currency: an outstanding trade deficit and a massive government debt. You don’t need an economics degree to figure out that there is only one solution to the problem: reduce either the trade deficit or the government debt. There's no other way round.

Now you can see, economics is basically a simple subject, very simple. However, until this financial crisis, America’s economic gurus who have collected 80 percent of the Nobel Economic Prize were virtually all blind to the economic reality.

The Western economic studies have gone astray. Of course, it wouldn't really matter to most people in the world had American economics kept their pathetic theories to themselves and refrained from meddling in matters related to the economic policies. Sadly, it is not in their nature, and they just can’t help it. Therefore, these people are responsible and unforgivable for the financial troubles in today’s world.

Do you know how fast the Americans are accumulating their debt? In 2007, it is $1 million per minute; in 2010, $285 millions per minute. Go figure.

If the United States is a man drowning in a stream, by now the water has reached his chest level. But soon, it will rise to his neck. And if he can’t get himself out of the mess very quickly, he will drown for sure.

So as you can see, American government has to take big measures without delay and American people need to alter their parasite lifestyle immediately.

But has anyone ever detected any signs of a meaningful change in that country? Nope. So far, it's business as usual. While deep in debt, Americans are still searching around to find more money to borrow in order to support their lives in luxury.

If they keep going on like this, I doubt America as a nation will be able to hold itself up beyond 2020.

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Excerpt of the post in Chinese:

2008年的金融危机其基本性质和1998年的亚洲金融危机是一样的,都是圈钱行骗。但是在实际操作上2008年的骗局有两点非常不同:第一,骗外国人的钱,也骗自己美国人的钱;第二,金额数目太大,导致美国作法自毙。

读者看到图01站在中间最前面、那个头像最大的英雄人物吗?他就是做了19年(1987~2006)美国联储会主席的葛林斯潘,是【时代】杂志吹嘘的拯救世界经济的美国“三剑客”的首席剑客。

读者看到图01站在右后方没有笑容的人物吗?他就是接替鲁宾(左后方带笑容)的前财政部长萨默斯。面对金融海啸所留下来的烂摊子,萨默斯10年前指责亚洲金融体系的一堆重大缺点有哪一样美国没有犯?

想想看,2008年金融海啸美国政府所犯的错误,没有一个决定葛林斯潘没有参与其中的决策。葛林斯潘是2008年金融海啸的第一罪人。葛林斯潘所犯的错误不是一个或两个,而是十多年来一连串的错误决定累积造成的。所以葛林斯潘所犯的错误不是意外或偶然,而是愚蠢和无知,再一次证明西方经济理论基础的薄弱与荒谬。

美国的经济理论能听从、金融制度能信赖吗?金融海啸冲垮了美国的金融体系,【时代】杂志吹嘘的“三剑客”现在看起来不就是「三个小丑」吗?不,他们更像「三个骗子」。读者再看一眼【时代】杂志这个封面照片和旁边的阿谀之词,这是典型的美式宣传,你不觉得自己受骗吗?「三个小丑」外表道貌岸然,表现出得意和一股无可置疑的权威,原来却是些阿斗。

美元问题的根本是「国际贸易赤字」和「政府开销赤字」这个双赤字所形成的压力。读者不需要读任何经济学,基本常识和小学算术就告诉我们:除非美国的双赤字至少有一个消失,美元问题不可能得到解决。

看到没有?经济的问题和解决的方向就是这么简单。但是直到金融海啸爆发美国的经济学家,包括曩括80%诺贝尔经济奖的美国经济学大师们,极少有人在这方面作出论述。这是YST最看不起美国经济学家的地方,他们避重就轻,弃实务虚。

经济学术的研究走火入魔倒也无所谓,经济政策犯肤浅的错误就不能原谅了,到了经济问题发生后胡乱出主意背离基本常识使经济学变为荒谬学,这就不可思议了。

美国赤字增加的速度到底有多快?答案是:2007年的估计大约是每分钟一百万美元;2010年的估计是每分钟285万美元。

如果我们用溺水来作一个形象的比喻,那么目前水已经淹到了美国胸口。如果美国现在开始大刀阔斧地行动,那么水也许上升到了脖子就会停住。如果美国现在没有行动,把工作留给下一任总统,那就可能遭到灭顶了。

美国政府不但需要对赤字问题马上展开行动,而且幅度要很大。换言之,美国人民需要在生活方式上立即做出巨大的改变,否则就来不及了。

但是直到现在,美国人的生活一切都如常,改变并没有发生,一点点都没有。这就像一个债台高筑、面临破产的家庭,享乐成性仍不想工作,一方面四处打电话借更多的钱,一方面爸爸妈妈带着孩子们照样坐头等舱、住五星级酒店、悠闲地豪华度假。

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