Why did this country collapse?

Schiff used convincing and challenging words to explain how the United States got into the quagmire and how to get out of it. Schiff told us that the United States is becoming a bubble blown by the government, a bubble that will eventually burst in the face of cruel reality ... the American economy and even each of us will face disastrous consequences. Schiff pointed out that when billions of dollars of stimulus funds are injected into economies without hematopoietic function, it will only create a deeper trap: the US government will only spend more unscrupulously, but it will not find a source of wealth to repay debts. In the end, Americans will struggle and the country will be on the verge of bankruptcy. Peter Schiff believes that the whole United States is on the verge of collapse, and there are only two ways ahead. This road at the foot of the United States will lead to irreversible currency and sovereign debt crises, completely destroy the United States, and make the vast majority of Americans fall into poverty. He warned the world with sharp eyes that the United States should face the reality, declare bankruptcy, restructure debts and fundamentally reform the entire social system. Peter Schiff believes that the United States, which is in danger of collapse, has great reference significance for China. Although China is implementing many correct decisions, her economic reform has not been completed. In the next few years, China will face a difficult choice-whether to limit the expansion of the government or pursue the welfare state policy regarded as a great success by western democratic society. At this point, China must act rationally and decisively. With the strength accumulated by generations of hard work and thrift, China is fully capable of preventing the global currency from falling into a vicious circle of bankruptcy. However, to turn this ability into practical action, what is needed first is courage and determination. In addition, we are also required to believe in the market and the inherent rationality of human beings in the process of pursuing our own economic interests. There is no doubt that China's policy adjustment will ignite the global economic crisis, which I think will be inevitable. I also firmly believe that if we can manage it rationally, the future of China will be infinitely beautiful. Peter D schiff, the top author, is a famous economist, investment broker, financial writer and financial critic. 20 10 participated as a Republican candidate in the US Senate primary in Connecticut. He is often invited as a guest to participate in financial columns such as American Consumer News and Business Channel, TV Station and Fox News Channel. As the best-selling author of The New York Times, he has published several best-selling books, such as The Dollar Crash, Why the Economy Crashes, How to Invest in a Bear Market and so on. Top-level directory recommendation order //xvii

Published in China//Foreword 21

Write in front //XXVII

Introduction //XXIX

The root cause of the first collapse

Chapter I Present Situation and Future //003

From the Internet bubble to the real estate bubble, and then to the government debt bubble //004

Deep-rooted national debt problem //005

The state government on the verge of bankruptcy

A government that pushes people into the abyss of debt //009

Spending money is patriotism //0 10

Saving is treason //0 12

Look at the deficit from the figures //0 13

Consumerism is not equal to capitalism //0 14

Introduction //XVII Introduction to Chinese Publishing //XXI Written in the Front //XXVII Introduction //XXIX The Root of the First Collapse Chapter I Present Situation and Future //003 From the Internet Bubble to the Real Estate Bubble, Then there is the government debt bubble //004 the deep-rooted national debt problem //005 the state government on the verge of bankruptcy //007 the government that pushes people into the abyss of debt //009 spending money is patriotism //0 10 savings is treason //0 12 Why does the US trade //0 14 the government not want to let? Kloc-0/7 Government expenditure brings false prosperity //0 18 The government hides its shame with bubbles //0 19 When the government bubble bursts //020 "Print more money!" //022 Treating pain: Long-term pain is better than short-term pain //023 Chapter II Government: the root of all evils //025 Federal Reserve: the core of the problem //026 Supporting war with virtual currency //027 The bursting of the war bubble //029 Inflation in the 1920s //03 1 Hoover's "New Deal"// 036 Why is this real estate //038 Fannie Mae and Freddie Mac: "The most successful story in history" //04 1 Fannie Mae and Freddie Mac: bubble makers //042 Boosters to make bubbles //044 Another bubble, which burst again //045 Federal Reserve's generous rescue of the market //046 Government bubble //047 Where is the way out? Chapter III Employment or Employment //053 "stimulus plan" does not stimulate //053 Where does employment come from //055 Real employment and pseudo employment //056 Employment punishment //058 Employment tax //059 Solution: End employment tax //06 1 More employment punishment //062 Small companies are punished for employment. Risk //070 All controls are stifling employment //074 Chapter IV How to repair the financial industry: Can the market talk //077 The "New Deal" that cannot escape responsibility //078 Moral hazard brought by deposit insurance //080 Mission gradual change //08 1 Replacing government supervision with market constraints //083 Dangerous combination: subsidies and deregulation// Wall Street //088 Absurd Regulatory System //092 US Securities and Exchange Commission //093 Blind Confidence //096 One Solution: Abolish Wall Street Regulators //098 Solution 2: Tort Law Reform/102 Solution 3: Stop the rescue/105 Don't let them. The road to ending government aid/108 Chapter V All problems are rooted in money: returning to the gold standard/11What is money/112 Is this the greatest invention in the world/1/kloc? When the government intervenes in the currency game/115 Where does the value of paper money come from/1/6 The end of the Federal Reserve and the gold standard//1/7 Politicians love idle money/1/kloc. 5438+022 Persistent deflationary nightmare/123 Deflation is the natural law of the economy/124 If prices fall, Does anyone still consume/125 How to stop the continuous devaluation of the currency/128 gold standard: stop the devaluation of the currency/130 Chapter VI On the eve of the collapse: Whose cheese did the tax move/133 The chaotic American tax/1 Let go of my hard-earned money "/152 suboptimal scheme/154 Chapter VII Cut off the" electric shock net "/161jaw-dropping expenses/162 What is social security//kloc-0? The "equity plan" doesn't give you any rights/166 Ponzi scheme/171The scheme is falling apart/174 The so-called trust fund/175 Political effect/1. /180 solution: let social security die/183 medical insurance/188 put an end to all rights and interests/188 Chapter VIII American higher education: input and output/189 Is education expenditure worth it//klc? Waste of energy/194 Cost is better than income/196 It should be cheaper to go to college/198 Why is the cost of going to college so high //200 Borrowing cost //203 If there is no student loan, What choice will we make //205, not going to college //206, the way to solve the problem of higher education //208, the reform of "compulsory education" //2 10, the missed medical reform plan for schools with insufficient responsibilities //2 17, the cost of medical services //2 19, and the fault is not technology //220 Smash the employer-funded medical service system "//232 Strengthen the life insurance market //235 Reform against medical malpractice //236 Open the medical market //237 Combine medical insurance and medical assistance //238 Dissolve the Food and Drug Administration //239 The free market is the key to solve the problem //240 Chapter 10 Let the government return to its original position //24 1 Where the government intervenes. Streamline government agencies //243 Pay attention to enterprises //244 national defense //246 overseas garrison //246 excessive intervention //248 military: * * And the party also likes big government //249 extremely stupid immigration policy //25 1 No one will take your job //252 American plan: open the door and watch the fence//.