Ufo propu engine, closed loop

[ltseung888]

A crazy, innovative idea

As many of you already know, China is embarking on encouraging innovation. Venture funding is easy to obtain. Crazy ideas will be listened. The following is one of the craziest (and most innovative) ideas that came to my attention.

(1)    The entrepreneur wants to develop a bicycle that can charge batteries. The batteries can be used on the same bicycle or removed to other bicycles.
(2)    The bicycles will be owned by local governments that build special bicycle lanes.
(3)    The user of such bicycles actually get paid!
(4)    If the battery of the bicycle is run down, there will be additional payment for recharging.
(5)    There will be many "reverse rental" stations facilitating the renting and parking of such bicycles.
(6)    Riders can even ride such bicycles to their own homes and use them to ride to work or to the nearby mass transit stations.
(7)    The payment can be via Smart Phones.
(8)   Many youngsters with no means of earning money can earn money this way.
(9)    This is a green revolution.  Many will not buy cars and pollute the environment.
(10) The health of Citizens will improve with the exercise.

Is the above idea crazy or innovative? Does it deserve support? Should such crazy ideas be promoted?

[ltseung888]

Daring Ptoroposal

Tseung, the main Reserve Currency is the US Dollar. The Dollar has value because the USA Government is behind it. There is no viable alternative at present.

When China is the main trading partner with most Nations, the trade can be done via Mutual Credits or Currency Swap without involving the Dollar. China can then take the position of Reserve Currency. Other currencies can be pegged to it. China can pledge to defend the Currencies of these other Nations. As the Reserve Currency, China can print the necessary thin-air money to do so.


USA allowed the Hedge Funds to attack the financial stability of other Nations. (If USA defended Thailand in 1997, the Asian Financial Crisis would not have happened.) Developing Nations can focus on Meaningful Economic Activities rather than fearing another attack by the Hedge Funds.

Let me use the following analogy that may offend many people.
(1)    Person A got very rich via unfair means such as selling drugs and robbing others. He stopped doing bad things and got on with legitimate businesses. At the back of his mind, he is afraid that those whom he hurt might revenge. He protects himself with high fences, security guards and acts as "policeman". When he sees Person B getting rich, his first reaction is – does that post a threat to his wealth? Would Person B revenge? He might deliberately suppress or destroy Person B – treating Person B as a potential enemy.

(2)    Person C got very rich via innovation and does legitimate businesses from the very beginning. Person C does not feel that he has any enemies. He is happy to share the secrets of his wealth. He may still have high fences to safeguard his wealth but he is happy to invite others to share his happiness.

(3)    The tactic used by Person A is to keep the "poor" away and even keep them poor by any means available. The tactic used by Person C is to get the "poor" wealthy.

I think I have already offended many. But the Internet allows anyone to post his thoughts...

Do I really understand the present foreign exchange rules?


(1) Many Nations adopt a floating rate policy. Some use managed float (pegged to the US Dollar but allow some up or down movement).
(2) It is the responsibility of the Central Bank of a Nation to "defend" the Exchange rate.
(3) Take the case of the Chinese Currency - RMB. If someone sells RMB, Bank of China must buy it if there were no other buyers. Otherwise, the exchange rate will go lower.
(4) If the Hedge Funds get together and all sell RMB, Bank of China will have to use the Foreign Currency Reserve to buy and thus slowly deplete the Reserve.
(5) If the Foreign Currency Reserve is depleted, China will have no option but to allow the RMB to float and devalue. (Under present rules).
(6) If the Hedge Funds can borrow or obtain RMB at low cost, they can keep selling RMB and deplete the Chinese Foreign Currency Reserve.
(7) The Hedge Funds can spread the rumour that RMB is about to devalue and cause many RMB holders - Chinese Citizens, Companies or Trading Partners etc. - to exchange their RMB for USD. There will be many sellers. Bank of China may become the only buyer.
(8) If Bank of China does not buy, the exchange rate will fall, there will be more panic to sell the RMB for USD to preserve the wealth.
(9) The Hedge Funds can claim that it is "Market Forces" at work. They can always blame the collapse of the RMB (and the inevitable instability and loss of confidence in the Chinese Government) on Chinese corruption, massive debt, over expansion and inevitable failure of Communism).


Am I correct?

[ltseung888]

A crazy, innovative idea

As many of you already know, China is embarking on encouraging innovation. Venture funding is easy to obtain. Crazy ideas will be listened. The following is one of the craziest (and most innovative) ideas that came to my attention.

(1)    The entrepreneur wants to develop a bicycle that can charge batteries. The batteries can be used on the same bicycle or removed to other bicycles.
(2)    The bicycles will be owned by local governments that build special bicycle lanes.
(3)    The user of such bicycles actually get paid!
(4)    If the battery of the bicycle is run down, there will be additional payment for recharging.
(5)    There will be many "reverse rental" stations facilitating the renting and parking of such bicycles.
(6)    Riders can even ride such bicycles to their own homes and use them to ride to work or to the nearby mass transit stations.
(7)    The payment can be via Smart Phones.
(8)  Many youngsters with no means of earning money can earn money this way.
(9)    This is a green revolution.  Many will not buy cars and pollute the environment.
(10) The health of Citizens will improve with the exercise.

Is the above idea crazy or innovative? Does it deserve support? Should such crazy ideas be promoted?

Let us make it more crazy.
(1) If the bicycles are modified to run on rails.
(2) The rails can be on same levels as the elevated, multilevel electric mass transit.
(3)  One pays to use the mass transit. One gets paid to exercise on the new bicycles.
(4) The new bicycles will be totally safe as they are on rails (even 4 wheels?)
(5) Passengers may travel part of the journey on mass transit and part on new bicycles.

[ltseung888]

Let us make it more crazy.
(1) If the bicycles are modified to run on rails.
(2) The rails can be on same levels as the elevated, multilevel electric mass transit.
(3)  One pays to use the mass transit. One gets paid to exercise on the new bicycles.
(4) The new bicycles will be totally safe as they are on rails (even 4 wheels?)
(5) Passengers may travel part of the journey on mass transit and part on new bicycles.

More crazy or more innovative.
(1) The new bicycles can be run standalone so that riders can ride it home.
(2) The new bicycles can be attached to the new rails as a means to provide power.
(3) The new rails has carriages for people who prefers leisurely travel and get paid.
(4) The whole family can ride together on the new bicycles and new carriages.
(5) All the new research, development and implementation can be added to GDP.
(6) There will be less need for dedicated bicycle parks as most of them are on the rails.
(7) Is it one of the Meaningful Economic Activities?

[ltseung888]

More crazy or more innovative.
(1) The new bicycles can be run standalone so that riders can ride it home.
(2) The new bicycles can be attached to the new rails as a means to provide power.
(3) The new rails has carriages for people who prefers leisurely travel and get paid.
(4) The whole family can ride together on the new bicycles and new carriages.
(5) All the new research, development and implementation can be added to GDP.
(6) There will be less need for dedicated bicycle parks as most of them are on the rails.
(7) Is it one of the Meaningful Economic Activities?

The idea is as crazy as the UFO.