How Do I Become a Casino Host?

When is the editor recommended house price rise?
Why do bank deposits become less and less?
Banks were greedy, investors were stupid, regulators were numb, the government fell asleep, the market became a casino, the financial crisis broke out, and it finally ruined our good life.
Where do we go from here?
The truth is in "Don't Let These People Turn the Market into a Casino"!

Don't let these people turn the market into a casino

Media commentary BBC reporter Robert Peston used his unique frankness to explain how the world has fallen into a financial quagmire and reminded us how we should get out of this quagmire.
--"Financial Times"

In the financial crisis, it's not just the person who made the mistake-bank greed, stupid investors, numb regulators, and government inaction should all be counted as the cause of the crisis. As consumers, we are not just bystanders.
No matter whether it is the European debt crisis or the US debt crisis, Robert Peston can only blame the government and the regulators for being deceived by the financial institutions represented by banks, and even willingly deceived. What a gamble? Unfortunately, the last thing we lost was the good life of our people.
-Amazon Reader

Chapter 1 The Prelude to the Financial Crisis-Banks use our money to gamble. I found that the blind gambling market is a market where gambling mentality fails. Casino banks have the desire to lend infinitely. Bank crisis: For profit, forget the risk. Bankers are always winners. Chapter 2 Financial Globalizationan innovation in debt globalization, a venture capital risk will not be reduced due to globalization. Globalization will lead to more cross-border debt. Financial globalization means the dilemma of debt complexity and financial expansion. 3 Chapter Surreal financial weirdnessthe poor lend money to the rich and the poor are not poor. Those who are not rich and lend money to others are safer and the water flows to lower places. It does nt matter if the money owes money to higher places. What matters is Repaying money and raising debt is not a long-term plan. Chapter 4 The main driving force of the financial crisis-poor and miserable banks and banks tried every means to make the poor buy a bank. Only then did people feel that the crisis bank was desperately blowing bubbles. The bubble will eventually burst. Chapter 5 The crisis is the result of a game-the weak regulators of the financial market have distorted the belief that market regulators are too trusting in banks' free markets, leading to a herd mentality Chapter 6 Difficulties in the Financial CrisisFinancial Crisis Monetary Union Cannot Solve the Financial Crisis Financial Crisis is the Financial Crisis Chapter 7 The Opportunity in the Financial CrisisImagine the Savior The Savior's Way to Save Himself First The way to survive in the financial crisis-warming up in groups The financial crisis is a currency crisis and a national crisis. At present, the euro area is in danger of disintegration. The ants that are pulling out of the crisis may trip over the elephants and do not want to struggle alone. Lessons from the Financial Crisis-We cannot be held hostage by banks to make every financial transaction rational. Say goodbye to false prosperity. Financial subsidies and financial intervention must not neglect to patch up the existing financial system. Bank reforms must be carried out without delay. Chapter 10 The Enlightenment of the Financial CrisisThe road ahead is full of bumps. The financial crisis highlights the role of the government. The financial crisis spreads out the income problem. Financial stability is always facing challenges. Seizing opportunities in the financial crisis. The financial crisis is not a hurry.

When I come back as a helmsman, how can we clean up the mess of the financial crisis?
The brains of the world are thinking about this, and I am also thinking about it.
The role of this book is equivalent to a road map, which will explain how stable economic growth has evolved into a crisis-overheating economy, and then how this economic overheating has evolved into the worst financial crisis since the 1930s. Finally, we will clearly understand where the problem lies, and we will know what to do.
Sometimes, we may have to fly to an altitude of 40,000 feet to see the growing ground faults of global finance, instead of watching the bankers, regulators, and politicians like viewers standing in the auditorium Of course, it also includes most of us-one by one immersed in whirlpools of greed, credibility, laziness and shortsightedness.
Perhaps you will worry that future stories are destined to be sad. You need not worry too much about this, because we are far from desperate.
Maybe you hate your teeth hate the regulators that you believed you could prevent the banks from taking hasty risks, or hate yourself for participating in fanatic lending regardless of the consequences.
Maybe you ask, "Why is this so?"
In fact, the baseline of the entire story is simple. That is, over the past few years (most recent 30 years), most western developed countries have failed to cope well with the challenges of globalization and failed to cope with the increasingly severe competition from China, India, Brazil and other emerging economies.
The story has a resounding name-"faltering globalization."
The protagonists of this story (many times they are prone to trouble and they are confused) include bankers, heads of central banks of various countries, financial regulators, finance ministers, and so on.
The main plot of this story is that the United Kingdom, the United States, and many western developed countries have failed to make ends meet after the sovereign credit of the economy was destroyed. The key point is that many countries in the euro zone make ends meet after the sovereign credit of the economy is destroyed.
Specifically, although the plight of Greece, Spain, and other weak economies in the euro zone is similar to that of Britain and the United States-such as excessive bank lending and deliberate concealment of risks they face; spiraling housing prices The rise has reached a point where it is out of control; the government cannot find in time that tax growth is unsustainable (because the scale of the tax is blown by the economic bubble). However, in contrast, only the crisis in the euro area can turn into a catastrophe.
It is not clear how the European and American countries became heavily indebted. However, this must start with a series of purely idealistic theories, because those who have failed the global economic authorities that we trust will take these theories as gods. These theories include:
1. In the global economy, if some countries always borrow and others can always produce surplus products, the global economy will eventually return to equilibrium and there will be no economic crisis.
2. It is harmful and unhelpful for regulators and governments to intervene in the market to stop the rapid growth of borrowings (including household borrowings, commercial borrowings, and bank borrowings) or skyrocketing asset prices (such as house prices).
3. In order to enhance the strength of their banks, bankers will strictly follow the spirit embodied in the intricate international rules drafted in a quiet and simple Swiss town, and will not cruelly manipulate these rules to cover up the risks they face. .
Fourth, those innovative financial products that few people can understand will make the global economy more secure without laying a time bomb.
Fifth, let investment bank salesmen and brokers, retail bank executives and other well-paid people work together in large groups, will not create a dangerous or profitable gambler culture within the banking system.
It is these paradoxical theories that allow governments and so-called authorities to take us from prosperity to crisis, and make the experience of the past 20 years and what may happen in the next 10 years creepy.
It stands to reason that on the ship of the world economy, governments and powers of various countries are helmsmen, and I am at best a sailor. But now, I need to change from a sailor to a helmsman. Take a step back and say that even if I can't be a helmsman, I have to influence those helmsmen to make them real helmsmen. I volunteered to be the helmsman because I worked for the BBC for more than six years and before that I worked for a newspaper for more than 20 years. Over the years, I have been fortunate to be able to meet those "helmsmen" up close and make real-time comments on the economic development trend.
As we sang along the way to the quagmire, I had successfully discovered the danger and shouted loudly in order to alert the world-but unfortunately few people paid attention to it. On the contrary, someone asked me to close the crow mouth.
I ca nt close my mouth. I wrote this book to a certain extent to understand why we did nt find the imminent disaster in time. It was nt until the economic express train rushed down the mountain that we found both the steering wheel and the brakes. It has failed.
If there is anything special about this book, it is that we all need to understand how the financial system that sustains economic prosperity works, and then we need to use this knowledge to tell everyone how the recent financial crisis happened. In the past, we were eager to save trouble and trusted the nobles of the financial system, including bankers, central bank executives, and senior officials of regulators. They gave them full control of the financial system and turned the financial market into a casino alive.
We must be soberly aware that prosperity and recession always alternate, and we cannot stupidly believe that the road to happiness in life will continue forever.