Chen Sijin: Why Are The Days Getting More And More Sad?

In the farewell to 2010, a radio station in Canada was discussing a topic. The host wanted the audience to discuss why:

People in Call in say that housing prices have risen by 20% since the recession. Housing accounts for almost half of the after tax expenses, and food prices are getting higher and higher. It is necessary to save money in the new year and save as much as two months of emergency living expenses, so as to avoid the need for dismissal.

People feel more and more insecure about the future, and life is becoming more and more difficult. Who should be blamed for such a situation? Some people accuse the government of the fact that the government should intervene when the situation has not yet reached the extreme. But some people believe that the government's intervention, such as tightening loose monetary policy or raising interest rates, will bring uncertain pressure to the uncertain market when the family debt is rising rapidly.

Hearing this, I can not help remembering that twenty years ago when I first came to the United States, my first visit was my five aunt.

At that time, my eyes were black and the future was very slim. She encouraged me to say, "don't worry, everything will be better when you graduate and get a job."

Five aunt is entitled to say so.

In the 60s of the last century, five aunt went to Taiwan with her husband from Taiwan. At that time, they did not know a word (not knowing English), but also dragged four children. Six families had only one aunt to earn money, but their days were better than that of Taiwan. When they had no debts, they not only managed to have four children, but also made them all accept higher education, then they worked and married and had children.

Last year, the big Auntie (the five aunt's eldest daughter) came to Toronto for a visit. When everyone chatted about their family affairs, she sighed, "only my father went to work alone in the old days. We still had rooms and cars, and the food used was very cheap. The days were good. But in our generation, most of the families were double employees, and most of the children only had two. The days were tied up tightly, prices rose, taxes rose, university fees rose, prices rose, and children read books only to ask the bank for loans.

Now I am finally over my head, but my daughter is not married. She is not going to have a child. Her son prefers to be single and die. He says he will not get married. He says that the cost of getting married is too high. "Raising children is a prison sentence and a fine of $250 thousand."

Think about it too.

In the 5 and 60s of last century, in a typical American family of five, the couple needed only one person to go out to work, the other at home to take care of their children's housework, to bring a dog to live in, and to live in an independent villa with a vestibule backyard.

Over the past thirty years, this family life mode has been broken, more and more people out of the family, two couples earn money together to support their families.

Is family income increasing? Is life richer or happier? The answer is clear, not so.

Although the total household income has increased, the cost of "foreign" housing has reduced most American families into debt slaves (including Canada).

With the rapid development of science and technology and the increasing productivity, especially in the last or two hundred years, the productivity has increased dozens of times, and the goods are greatly enriched, such as electronic products such as TV, computer, mobile phone, and so on, and the price is getting lower and lower.

Our life should be like buying electronic products, feeling more and more relaxed, better and better, and the pressure should be lower and lower.

But in addition to electronic products, why everything else is getting more and more expensive, making our day worse? {page_break}

I think it must have been caused by many factors.

For example, in the subprime mortgage crisis of 2007, the total amount of subprime loans was only 1 trillion and 300 billion dollars, and the amount was not large. But after the securitization, the assets first became a sub debt of 2 trillion dollars, and then a credit default swap was introduced. Finally, the unliquidated credit default swap contract reached as high as 55 trillion dollars.

The bank for International Settlements report pointed out that as of June 2008, the value of all other derivative products produced by similar methods and unsettled OTC derivatives amounted to US $648 trillion.

What is this concept? This is equivalent to 8.27 times the global GDP total of 78 trillion and 360 billion dollars in 2008. The value of such assets per capita worldwide is US $about 100000, and almost everyone is a millionaire if it is converted into Renminbi.

Is there really much wealth in the world?

Here we can borrow the example of Peter Schiff, an American economist, to illustrate that fisherman Adam lived by fishing. He could only catch one fish a day with his hands. He only had enough to eat himself. Later, he switched to a fishing net and could catch ten fish a day, and he could eat five of his family, and the remaining five fish were stored.

But at that time, financial capital intervened, and it was said that the effective allocation of resources would enable resources to move from inefficient industries to highly efficient industries, which could promote the economic growth and progress of the whole society.

But the fact is that the remaining five fish were amplified by financial capital and leveraged in the form of leverage. Most of them went into the pockets of financial capitalists. Further playing, even Adam left five fish for their own consumption, becoming smaller and smaller. At last, the Adam family simply couldn't eat enough.

It is easy to see that the cake of the entire social wealth is virtual.

There is no coincidence.

Recently, my friends and relatives in the country often complain that everything else is going up except for the wage increase.

It seems that due to globalization, the disease has also spread to China.

Because of limited space, it is impossible to clarify this problem in an article.

The right to this article should be a brick.