How to survive in the financial crisis

It is a financial crisis, so it is only a redistribution of social wealth, so there is no need to make a fuss.

The bottom workers make a living by working. It doesn't matter whether the economy is in crisis. They always lead a hard life and are bullied by the rich. When prices go up, so will their wages. If there is unemployment, the state will inevitably increase subsidies for stability, otherwise social unrest will overthrow the regime. In this case, the country has sufficient materials and there will be no problem in survival.

Farmers are not afraid and self-sufficient, as long as the state does not levy such heavy taxes. If taxes are heavy, farmers will also be dissatisfied, which is a tradition in China since ancient times.

Real estate owners in other cities rely on their wisdom. In the process of economic collapse-recovery, some will go bankrupt and some will become rich. Wealth is redistributed. According to Adam Smith's The Wealth of Nations, wealth is only the ability to dominate the labor of others. The rich can get more social labor products than the poor, and this ability is called wealth. Owners holding cash assets will be deprived of their wealth under inflation.

What is not afraid of inflation is the property owners whose cash assets account for a relatively small proportion of total assets. For example, a house slave who buys a house and lives in it. As long as you don't lose your job, you can survive the economic crisis. After the economic recovery, the increase in income will make the current pressure on housing supply insignificant, while proletarians are still sighing for high housing prices. China has a large population and few houses, so it is difficult to solve the contradiction between supply and demand of real estate. No matter whether house prices go up or down, the poor can't afford commercial housing.

Personally, China has sufficient foreign exchange reserves and no shortage of materials. In addition to oil, if there is an economic crisis, it is also a major adjustment of social wealth caused by the financial crisis.

Foreign wars or domestic protests against the government are unlikely.

In this case, the way for the owner to protect himself should be

1. To find a stable job, the income doesn't have to be high.

2. In terms of asset allocation, RMB cash can be allocated less, foreign exchange and fixed assets can be allocated appropriately, and liabilities can be allocated appropriately. Under inflation, fixed assets can increase in value, but liabilities will depreciate, so it is a wise choice to own a house when you can afford it before the next cycle of economic depression-recovery comes. Provided that you are not unemployed.

3. In terms of investment, stock allocation should be appropriate, blue-chip stocks should be allocated, and heavy positions should not be held.

4. Other investments, except intellectual investment, other financial and industrial investments should not be too much. Intellectual investment can get you a high-paying position after the economic recovery.