First of all, although it is zero-sum, the value of assets fluctuates. Suppose you give me $65,438+000 today. I'm afraid I can't get back 623 RMB after RMB appreciation (market price is 20 13. 2. 18). Is this asset evaporation?

In addition, the current financial system is very developed, and most enterprises are leveraged (some of the money in hand is borrowed). The whole system, from banks to insurance companies to general production companies, protects each other, but has a certain degree of leverage. Once the intermediate capital chain breaks, it will produce a series of negative results. If banks can't recover loans, insurance companies will lose a lot of money, so will financial institutions that lend to banks and insurance companies be affected? Usually in a balanced state, most financial enterprises dare to borrow several times the basic inflow of money, which is very fragile in itself. Banks and other financial institutions rarely encounter liquidity problems, but when the financial crisis comes, I am afraid the problem will be big.

For example, at this time, banks can only offset the liquidity problem by selling assets cheaply, which is an emergency move, but I am afraid those assets are far more than that. Isn't that a bargain?

You see, although it is zero-sum, as long as the asset price fluctuates, its value is gone.

Think about it. You said your house was worth a million dollars. That's on the premise that it can be sold. If tomorrow is only worth 65438+ million, you can sell it to others or it will be zero. But won't this intermediate value evaporate? After a while, the economy improved, and millions of people bought your house and sold it. It's also a zero-sum problem. He earned all the money.