Till today US has not found right way to solve credit crisis.

Author: David Sun  from Knowledge Bank and Foresight

Before November of 2007 almost nobody including economists, analysts, governmental officers, journalists and enterprisers in the world awaked that loan crisis from real estates will bring serious crisis on finance and investment market.  However on August 18, 2007 we predicted that loan crisis was only one part of economical crisis for United States. We also forecasted that American economy will go down for at least three and five years on November 20, 2007.

Now more and more people recognize that this loan crisis is over their thinking. Today US government adopts a series of emergency policies to overcome the credit crisis such as reducing bank interest and cut over one hundred billion dollars taxes. These urgent policies are important and necessary to ease credit crisis, but they are not right way for American economy.

As we know there have been a lot of series problems and crisis for American economy for long years such as huge amount of deficit, overdraft consuming, industry moving abroad, more and more larger gaps between the rich and the poor and so on.  However government and powerful men did not take enough attentions on these issues. Loan crisis is only one part of economical troubles.

Of course US still has most advanced system of market economy in the world today, however all the theories and experiences of market economy which we have today are coming from the knowledge and practices in Agriculture era and primary industry era.  After 2000 human being gets into knowledge and information’s era.  Knowledge Era is quite different from Agriculture era and industry era. These differences include political system, economy system and culture system.  Those past successful system which we used in the past should be improved and changed today and in the future, it is the trend of human development, nobody can stop the trend.    Although market economy has played most important role in agriculture era and industry era, there are lots of inner defects in market economy system. These inner shortages have produced much crisis in the past and will produce much more crisis in the future for the world.

Today United States does not find the fundamental reason of the credit crisis, of course US can not find the right way to solve the crisis.  We believe that US can find the right way to solve the crisis after two or three years because there are many integrity scientists and scholars in US.

Foresight Marketing

http://foresight.spaces.live.com, http://foresight.blog.sohu.com,

Knowledge Bank

http://knowledgebank.spaces.live.com, http://knowledgebank.blog.163.com,

March 5, 2008