Ufo propu engine, closed loop

[ltseung888]

The attached USD/CNH one minute chart clearly showed the battle between two sides.  One wants the rate up. The other wants the rate down. The difference between two values easily exceed 30 PIPs.

Is China still playing in the London Forex Exchange – battling against the crocodiles?
When will China ever learn?

[ltseung888]

Question 22: Do you think that Governments must have a role in the "financial markets"? Will the simple law of supply and demand be sufficient as the controlling mechanism?

Past experiences tell us that the "free market" will sometimes swing to extremes. For example, the Hong Kong Housing Market is going crazy. Property Developers bid up the land prices to unsustainable new heights. There is no supply of new lands to cool down the Market. Housing is no longer for living but has become a vehicle for speculation.

The crocodiles know this too well. They can devour the unknowing Public and even Nations.

Responsible Governments must have the "shark prevention" nets and the trained officials to regulate, monitor and intervene if and when necessary. They should have "friendly" hedge funds...

I was surprised to read a Hong Kong Newspaper article claiming that the high bidding price for land in Hong Kong was nothing to worry about. Hong Kong Government benefits from the land sales. Hong Kong Government can build more low cost housing for the low income.


Property speculation helped many to become rich. The average home owner in Hong Kong can easily sell his home and buy a much larger piece of property in USA, Europe, Canada, Australia and China. He does not need to live in Hong Kong.


Is he right???

[ltseung888]

I was surprised to read a Hong Kong Newspaper article claiming that the high bidding price for land in Hong Kong was nothing to worry about. Hong Kong Government benefits from the land sales. Hong Kong Government can build more low cost housing for the low income.

Property speculation helped many to become rich. The average home owner in Hong Kong can easily sell his home and buy a much larger piece of property in USA, Europe, Canada, Australia and China. He does not need to live in Hong Kong.

Is he right???

If the two camps (USA, China+Russia) compete to help poorer Nations rich, having Hong Kong Citizens move to such Nations to help in the development may be a good suggestion. Hong Kong Citizens have developed the entrepreneur spirit. They have built a prosperous Hong Kong. They helped to create the China Miracle.

The educational level is amongst the best in the World - better than most developed Nations. I am sure that the elites in Hong Kong can spot the many opportunities in the poorer Nations. In fact, most wealthy families plan to have their children settle elsewhere and not just stay in Hong Kong. With the one-belt-one-road initiative from China, achieving win-win will not be an obstacle.

[ltseung888]

Question 23: Do you think that the 5 trillion a day Forex Market is just a game? If China trades through its own Forex Exchange and posts the results in the Forex Computer Systems, it can theoretically achieve any exchange rate? All other Nations can do the same? Individuals can still trade and participate in the 5 trillion a day trading. Is it meaningful?

I have been discussing this with many others. It is like gambling in the casi*o owned by the family. Losing or winning makes no effective difference. The result of the trading is posted as the "official exchange rate"! It clearly is a game.


*** I have to admit that I enjoy the game - even with fake or demo money. It is intellectually challenging. It get me to read much more about the "international happenings" including unemployment figures, trade balances, news events and articles by journalists. It is more addictive than almost any computer game. I can start conversation with almost any stranger with the opener - I think I have a sure-win strategy based on the crocodile attack on the RMB.

[ltseung888]

Question 24: This Question was from a fellow Senior Citizen living in the same retirement complex. He said: "I do not know anything about Forex but I have common sense. What you are claiming is that if China "Forex Trades" through its own Forex Exchanges, the results will be honored as proper transactions in the International Forex System. Thus China can effectively be the dominant market force and establish any exchange rate it desires. This is against common sense. If it were true, why did China not do it before? Why would China drain a trillion USD of its Reserve?"

Tseung: "China is going through the learning process in the financial markets. China first plays by the rules set up by the West. China then examines these rules and finds their drawbacks. The Forex Exchange Market caused China 1 trillion. But the same rules caused USSR to disintegrate. The same rules evaporated the Asian Miracle in 1997. China now understands. If it still plays in the old way – in the foreign forex exchanges and drains its Reserves – the Communist Government will be the laughing stock by the West and by its own citizens."

Hong Kong financial elites can save China. (Even if the West managed to lock up two of its top financial brains in jail!)