Financial Crises: Boom And Bust Chakkar
Duniya ki modern economic history ek heart-beat wali straight line nahi hai. Yeh Roller-coaster hai. 10 saal khoob tezi (Boom) aur phir achanak dhadammm (Bust/Crash). Ye bar bar kiyu hota hai?
Jab Central Bank 'Interest rate' sasta karte hain, naye credit se fake boom aane lagti hai. Log nayi gaari aur ghar khareed letay hain aur sab khush. Lekin iski wajah se 'inflation (mehangai)' badhna shuru hoti hai. Ab uss badhti mehangai ko control karne central bank interest rate badhata hai.
Jab interest badhte hen, 'sasta karz' rukhh jata hai. Jinhone pehlay hi aukaat se zyada mehange ghar le liye thay unki 'EMI (Qishtain)' aasmaan pe chali jaati hain. Woh payment default karne lagtay hain. Ghar bank chheen lenge, property market ki qeematein girengi aur Banks nuqsan mein aayenge. Ise 'Bust' ya 'Recession' kehte hain.
2008 ki Sub-prime mortgage crisis aisi hi hui. America mein logon ki income check kiye baghair, kutton aur murdon ke naam py loans baante gaye. Jab rates badhe aur default huwe, toh Lehman Brothers jaise baray banks gir gaye aur poori duniya ki market dhap-se gir gayi.
Sochiye: Kya yeh saara Boom aur Bust kudrati hai ya phir un logon ka deliberately create kiya hua cycle hai jo saste mein public ki properties bank default hone par zabt karne ki taak mein rehtay hain?
Key Takeaway
Financial crises koi accidents nahi hote, balkey Credit-expansion aur Credit-contraction ky banking cycle ki designed natural result hote hain jahan nuqsan aam aadmi ki jeb se bhara jata hai aur faida banks uthatay hain.