Just browse the "crash is coming" this book, the author is foreign, not domestic "brick", "call the beast". The foreigner predicted between the 2007 ~2010 world is going to be a long economic crisis, not only minor. If his prediction is accurate, but right or left to the experts to research.

In "collapse" the first few pages of the book, I think he describes such a reason, the amount of money in unit time should be and this time the commodity value, if the loan is a debt for consumer goods, once the economic system integrity and confidence question, then the outbreak of the crisis. Have so a words in the text: "in the past 30 years, the global money supply increased by 40 times, and the total quantity of goods grew by only 4 times. Since 1982, the U.S. Dow means increased to 12 times, compared to the original, USA GDP grew by only 4 times."

The western world and we now banks have vigorously advocated a financial instruments, credit card, in fact is to spend money to cope with future demand now, once the future no money, demand will stop.

The reason I don't intend to study, not the idea to go when the "brick house".

And I related is since the economic crisis, that is a bad thing, as one of the causes of bad things may be a bad thing. Spend money to pay for the future now, not good.

Loan to buy a house for most men China speaking, is a matter of no choice. No house will make the difficulty women marry you increase many times, women think and no house men fall in love, but before marriage must have a house, this is one of the necessary conditions for stable life.

However, in the society in which we live, a little common sense knows, collusion is not allowed to appear in official propaganda, actual also so seriously. To represent the interests of the people is completely sentence dog P.

Logically speaking, a house price shall be composed of three such expenses, (average bank interest rates in the total price (*) + house + (cost) within 70 years of land use fees paid by the government).

But let's characteristic, so also the extra fees. This is the American loan buy a house with a 10 year time line, Chinese would take 20 years to 30 years.

Buy a house in Chinese loans, directly bring a consequence, buy a house to wealth deprive future opportunities. Will the next 20 years of one-time revenue spend out, after working 20 years, received only a house. Unless it is to do business will house mortgage loan.

And the loan to buy a car is a kind of behavior more stupid than to buy a house, low efficiency cost ratio cannot achieve earnings, the costs of the tax is also chaotic.

I think ah, mortgage Judai if this economic crisis broke out, always like this. You think, bank credit card Is it right? Always urge you to return? There is no more than a year?

Loan business has no money borrowed is 20 years? Banks are afraid of it.

Why banks, real estate developers dare to lend you the money to live in the house for 20 years? Because they know that your future income is their.

1 years, 2 years, 3 years loan you are okay, time is long, who also cannot be guaranteed. The world economy from future loan for 10 years or more, so the crisis became the world bank bad debts.