Chapter 52: Economic Pains

1. The quagmire of debt

Five children sat around the small round table in the studio, according to the bistable arrangement, among the five children were eight-year-old children Xia Lun and Hu Zhou, the host wanted them to say something childish; there were two 12-year-old classmates, Xiang Shuhua and Hao Chao, they were girls, and the host wanted them to say something sensible; the last guest was 16-year-old Guan Shijie, who was a middle school debater, known for his profound knowledge, quick thinking, and sharp speech. Pen "Fun" Pavilion www.biquge.info

These five people, plus the host of the bistable state, they sat together, and what they said was truly amazing. The program began with a leading speech by the host.

Shuangwen said: "Your five classmates are all rich second generations, your father and mother, some are bankers, some are real estate bosses, some are the CEOs of road construction engineering companies, and Guan Shijie's father is an economic commentator in the newspaper. We can start from the things around us and talk about the current situation and future development trend of the world economy. The period is from the middle and late twentieth century to the early part of the twenty-first century.

We are talking about economic issues, and their scope includes everything from the things around us to the development of the world economy. We don't have any restrictions on what we can say in this show, we can say whatever we want. ”

He paused at this point, then raised his hand and said, "Our show starts with Charlen's children." ”

As soon as the child heard that he should let himself speak first, he reached out and took off the sun hat on his head, scratched his head with the other hand, and said with a somewhat embarrassed expression: "Let me say something! He paused for a moment and then said, "The host asked me to talk about the things around me, so I will talk about the things around me." ”

He continued, he said: "My father is a big real estate boss, and three days ago he called me to the wine table and said to me: 'Son, I'm afraid my company is dying.'" I hurriedly asked, 'What are we going to do if the company is gone?' Dad took a puff of his cigarette and spat out a smoke ring in his mouth, and then said, 'Yes, I'm worried about this?' He then reached out and took two sips of his glass and began to grumble. He said: "There are some bastards in this world, and we have a company that has been developing for a hundred years, but those bastards have hundreds of real estate companies competing with us at once, and the result is that there are too many houses, so many houses that people can't live in them, and the houses can't be sold, so everyone has no work to do." 'Dad's words touched me a lot, and I wondered why the house couldn't be built slowly so that the workers could work every year?" he paused here and said, "I want to ask my big brother and host about this matter, what impact does this matter have on economic development?"

The little girl Hao Chao hurriedly stood up and said: "My father is the president of the road construction engineering company, and he told me that road construction, road construction, we only took a few years to build all the roads in the area, and now it is the county and county through the expressway, what should we do if the road construction workers have no work in the future?"

Huzhou children said: "According to you, it's better to be slow than fast, and after a few years of speed, all the work will be done, and there will be no work in the future." Wouldn't it be nice for the workers to have no work in the future?"

Guan Shijie said: "Why don't you have no work? If the workers who build the building don't work, the industries related to the building will not work." This involves a question of economic ups and downs. ”

Hao Chao said anxiously: "In a short period of time, we have concentrated a lot of manpower and material resources to build a lot of buildings and build a lot of roads, so that the economy is developing by leaps and bounds. This situation is like this in many countries around the world. Building buildings and roads can boost the economy, but the earth we own is such a big place, and we can't build all the places into buildings and roads. We still need to eat, and we need to plow the land. In addition, there is also a problem of market demand when building and selling buildings, and if you build more buildings, you will inevitably not be able to sell them. ”

Xiang Shuhua spoke, she said: "I am talking about another topic, in 2012, because of the huge scale of the United States' debt, in 2014, American policymakers used "procrastination" to resolve debt negotiation crises again and again, and the international market is often like a celebration of this.

But while people were celebrating, people wondered what the world economy would be like if one day the U.S. government had borrowed its debt to the top and could no longer borrow foreign debt.

Hao Chao then said: "If the US government's debt is borrowed to the top, how will he repay the debt?"

Hu Zhou said: "If an enterprise goes bankrupt, it has to auction off land and real estate to repay foreign debts, and if the US government goes bankrupt because it cannot repay its foreign debts, how can the creditor country settle the debtor country?"

Xiang Shuhua said: "There are also a lot of domestic debts in the United States, Europe, and Japan, and Asia is about to enter the quagmire of heavy debt------。 ”