Ufo propu engine, closed loop

[ltseung888]

https://www.youtube.com/watch?v=WM0jQ8QN-rw&t=4s


The talk discussed the devaluation of the USSR ruble. Should we say - the collapse of the currency?

[ltseung888]

IMO you're idealizing China too much. Every sufficiently powerful country will start to behave like the geopolitical power in similar way, like every sufficiently large company will use monopolist practices soon or later. It's visible on China's attitude over Senkaku islands for example: why it couldn't embrace them, if it can and some oil is there? So it grasps the opportunity.

They were using my book written in Chinese in 2003. The title was - How to Win the Economic War. That book needs to be updated.


The English extract (Innovation.doc) was posted in 2010 at:
http://www.overunityresearch.com/index.php?topic=2100.0


Inside both was the important article on Blueprint for the Economic Development  of China.

[ltseung888]

Imagined Discussions at PBOC

PBOC is People's Bank of China. It is the equivalent of the Central Bank where major financial decisions are made.

Economist A: "You have all received the article on China trading Forex through its own Forex Exchange and save trillions of Foreign Currency Reserve. We would like to have your views."

Economist B: "I cannot believe it. We have been spending billions of our Reserve daily to pop up the RMB Exchange Rate. This proposal suggests that we do not need to spend a dollar of our Reserve and we can control the RMB Exchange Rate. It is too good to be true."

Economist C: "What does our section head say?"

Economist A: "We are here to discuss the merits and drawbacks of the article. We are supposed to give our most professional opinion. We should not be influenced by the opinion of our superiors."

Economist D: "I have been thinking about the article. It compares the situation as gambling in casi*os. Playing in the Forex Exchanges of London and New York is like gambling in a Foreign Casi*o. They get to profit whether we win or lose. When we are the only major player popping up RMB, we are bound to lose. Playing in our own Casi*o and have the results accepted in the International Forex Computer Systems is simply brilliant."

Economist B: "Will the trading results be accepted as Official?"

Economist C: "At present, we trade through many Forex Exchanges including London, New York, Hong Kong and Singapore. What will be the difference if we trade through an Forex Exchange in Shanghai or Shenzhen?"

Economist A: "I propose to set up a special team to look into the matter. Anyone second?"

All raised their hands.

[ltseung888]

An Imagined Meeting in Moscow

Economist A: "In front of you is an article suggesting that China trades RMB Forex in a Chinese Controlled Forex Exchange. What are your views?"

Economist B: "If we thought of it in the 1990s, USSR would not have disintegrated. The Ruble would never have depreciated to 1USD to 1,700. The Economy would not have collapsed."

Economist C: "We all learn from hindsight. China learned after losing 1 trillion USD. We never had that amount of Reserve."

Economist A: "Should we also trade Forex through our own Forex Exchange?"

All raised their hands.

[ltseung888]

An Imagined Meeting in London

Economist A: "In front of you is an article suggesting that China trades RMB Forex in a Chinese Controlled Forex Exchange. What are your views?"

Economist B: "We would lose hundreds of Billions in profits. China was handing a good portion of their 1 trillion USD to us in the last eighteen months."

Economist C: "Think of something quick. Say that the Chinese Trading will not be recognized or something."

Economist A: "Let us consult the Americans. They have hedge fund managers such as George Soros who are cunning and command huge resources."

Economist B: "I never believed PBOC have brilliant Economists. I helped to train many of them. They were like sheep – just copying and reciting what I fed."

Economist C: "At the back of their minds, the Chinese never really trusts us. We imprisoned two of their top financial brains."

Economist A: "We underestimated the Chinese. They have more than two financial brains. Who wants to go to Washington to meet our USA allies?"

All raised their hands.