Ufo propu engine, closed loop

[ltseung888]

Question 25: What do you think of Binary Options?

It is a scam.

U.S. FBI investigation


In February 2017, the Times of Israel reported that the U.S. Federal Bureau of Investigation is conducting an active international investigation of binary option fraud. It quoted an FBI supervisory special agent as saying, "Our agents are going to look under every rock and stone....We are not limited to the USA." Victims from anywhere in the world were asked to contact an FBI field office or the FBI's Internet Crime Complaint Center. The investigation is not limited to the binary options brokers, but is comprehensive and might include, for example, the industry's backend, providers of services that allow the industry to operate. Credit card issuers will be informed of the fraudulent nature of much of the industry, which could possibly allow victims to receive a chargeback, or refund, of fraudulently obtained money.[4]

[ltseung888]

Question 25: What do you think of Binary Options?

It is a scam.

U.S. FBI investigation


In February 2017, the Times of Israel reported that the U.S. Federal Bureau of Investigation is conducting an active international investigation of binary option fraud. It quoted an FBI supervisory special agent as saying, "Our agents are going to look under every rock and stone....We are not limited to the USA." Victims from anywhere in the world were asked to contact an FBI field office or the FBI's Internet Crime Complaint Center. The investigation is not limited to the binary options brokers, but is comprehensive and might include, for example, the industry's backend, providers of services that allow the industry to operate. Credit card issuers will be informed of the fraudulent nature of much of the industry an, which could possibly allow victims to receive a chargeback, or refund, of fraudulently obtained money.[4]

"Tseung, if Binary Option is a scam and Forex is a game, what is real?"

In the world of paper money, the money is backed up by the authority of the Government. Citizens believe in it and accept it as media of exchange. It is more convenient than carrying gold or silver. But the era of paperless money is coming. China is much more advanced than Hong Kong. Almost all payment and money transfers can be via the smart phone. There is no need to carry paper money. It is safer and people are having more confidence in using it. It is better than credit cards.

[ltseung888]

"Tseung, if Binary Option is a scam and Forex is a game, what is real?"

In the world of paper money, the money is backed up by the authority of the Government. Citizens believe in it and accept it as media of exchange. It is more convenient than carrying gold or silver. But the era of paperless money is coming. China is much more advanced than Hong Kong. Almost all payment and money transfers can be via the smart phone. There is no need to carry paper money. It is safer and people are having more confidence in using it. It is better than credit cards.

The smart phone transactions are better because the transaction can always be traced. If everyone has a smart phone (which is likely in China soon as Government is backing it up), the retail shops know that they can be paid. The customers know that the retail shops will have to be responsible for the quality of the products. All can be traced.

The role of a government will change. Citizens will demand that the Government must ensure honest and fair play in almost all aspects related to their well being. Food security and safety; building safety; transport comfort and safety; education quality; travelling expectations; health care; retirement benefits; disaster relief, etc will fall on Government shoulders.

Defense is no longer restricted to physical wars. It will extend to cyber attacks; currency wars; draining the Foreign Currency Reserve, attacks by hedge funds or crocodiles etc. Many Government Officials today are not trained in such matters. Will China learn faster?

Will the competition change to - helping poorer nations develop?

[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.

"Tseung, do you know the effect of your posts on the 5 trillion USD a day industry?"

"You suggested that China and every other Government should have its own Foreign Exchange and become the market maker or dominant market player in their own currency. The London and New York Forex Exchanges will lose their major customers. The Hedge Funds can no long manipulate to devalue the currency of any Nation. The West cannot use Forex as an economic war weapon any more. You have upset many powerful forces. They have locked up the two top financial brains in Hong Kong. Your fate is likely to be worst."

Tseung: "I am old and retired. (so are the two locked up former officials) I advocate the better game of two camps competing to develop poorer nations. Many of the poorer nations suffer from lack of education and knowledge. Some still do not understand contraception and the need to control the birth rate. Some persons object on religious grounds. Some are just ignorant. I believe my posts will help many leaders see the light. I do not worry about how the powerful might do.  They killed the Red Indians at one time. They exported opium at one time. They made many Africans slaves at one time. They can prolong the sufferings of the poorer nations. They can ask the lowest bidder to supply goods (essentially cutting each others' throats) and they pay with thin-air money."

Tseung: "China was able to use the opportunity to learn. China used its low-paid labor force to produce goods for export but learned the production technology, the management techniques and the marketing skills. China polluted its environment but it could clean it up again with the new found knowledge and confidence.  Poorer Nations should learn from that experience."

[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.

A banker friend: "China will have to move from a material economy to a financial economy. The financial economy relies on numbers or derivatives. China has seen its property market increased in value but ghost towns and vacant units are everywhere."

Tseung: "China can still invest in infrastructures – not just in China but aboard. China can invest heavily in social services for the elderly – seniors typically do not want to spend, someone has to spend on their behalf. China can invest heavily in village hotels – pay the seniors (and supporting agencies) to enjoy life in these hotels."

Banker: "Sooner or later, China will have to move to financial services. China can regulate its Forex Industry; ensure that it will not have its Reserve drained; be the dominant market maker of RMB transactions etc. Do not try to kill the 5 trillion USD a day industry. Expand it so that the middle income Citizens have a place to invest their spare cash."

Tseung: "I still believe getting them to invest to benefit the poorer Nations is much better than investing in games."