Ufo propu engine, closed loop

[ltseung888]

An imagined meeting in Washington

Economist A: "We have visitors from U.K. They brought the news that China would trade through their own Forex Exchanges. Our Hedge Funds could no longer drain their Foreign Currency Reserve."

Economist B: "Does that mean China can freely determine their RMB exchange rate? What happens to our preaching of Market Forces?"

Economist C: "The Chinese finally understood that in free market, the big fish eats the small fish. Trading in our Forex Exchanges is sending small fishes to be devoured. I know that sooner or later, it would dawn on them."

Economist B: "They are not that bright. We already drained 1 trillion USD of their Reserve."

Economist A: "If they embark on their one-belt, one-road initiative and use their spare production capacity well, their GDP will continue to grow. They may really surpass us. We no long have the currency atomic weapon against them. They are not like the USSR nor the Asian Tigers."

Economist C: "Start wars in their region. Get South Korea to fight North Korea. Get Japan to go to war with China. Raise the South China Sea Dispute issues. Get Vietnam or Indonesia to attack China. Get Taiwan to declare independence. China will use force. We can then justify nuclear wiping out China."

Economist D: "What would Russia do? They have the potential to wipe us out as well."

Economist B: "President Trump is friendly with Russia. We should have let him keep his soviet-sympathy advisors."

Economist E: "Starting Nuclear War is no good to anybody. China have been acting as our willing slaves. We place orders and they work feverishly to fulfill them. All we need to do is print more thin-air dollars. Why can't we continue the same path?"

Economist A: "The Chinese are very cunning. They learned the production techniques, the management and marketing. Now they even learned the financial war weapons. They focused on technology, technology and technology. They copied and improved. We thought that they were stupid to cut-throat to get our orders; accepted our thin-air dollars; and played according to our rules. We stupidly let our manufacturers out-source to take advantage of the low labor cost. They leaked the technology including the i-phones."

Economist B: "Let us think of another Economic War Weapon. We are still the big fish (crocodiles or sharks). We still have military superiority. We can get Hong Kong to imprison their top financial brains. We can get the Hong Kong Newspapers and their Legislators to disrupt their progress. We can use our propaganda machines and our Internet hackers to develop another Economic War Weapon."

Economist C: "We must prevent the Chinese Students from attending our top Universities and learning our secrets. Building a wall to prevent Mexicans from coming is not as important as preventing the Chinese from learning our technology and our strategic secrets. Anyone agree?"

All raised their hands.

 



   

[ltseung888]

An imagined meeting in Singapore

Economist A: "It looks like China is going to Forex Trade via their own Forex Exchange. How would that affect us?"

Economist B: "We have been doing that years ago. Our Government does not worry about the crocodiles or sharks. When we trade via our own Forex Exchange, we can effectively control the USD/SGD rates. We deliberately allow Market Forces to give it some volatility. Thus the USD/SGD pair is one of most traded."

Economist C: "China trades via us at some time in the day as we are in almost the same time zone. Losing that business will not have a major impact."

Economist D: "If China allows and regulates Forex Trading within China, the Daily Forex Trading Volume is likely to increase to beyond 7 Trillion. That will help the entire Forex Industry."

Economist A: "China is likely to invite some of us to Beijing to discuss this issue. They want to learn from our experience. Who would like to go?"

All Raised their hands.

[ltseung888]

An imagined meeting in Hong Kong

Economist A: "It looks like China is going to Forex Trade via their own Forex Exchange. How would that affect us?"

Economist B: "Hong Kong is an Open Economy. The Philosophy taught by the British was that the Government should not mess around with businesses. Hong Kong Government will never trade Forex. "

Economist C: "Hong Kong Government intervened heavily in the stock and currency markets in 1998."

Economist B: "That was a special case. Even George Soros admitted that was a right move. Otherwise, Hong Kong would have suffered heavily similar to the other Asian Countries."

Economist D: "We put the two guys most responsible in fighting the crocodiles behind bars. Some commented that it was a plot by the West. Chinese history had many cases to show that Emperors were tricked to persecute their most competent Officials."

Economist E: "The judiciary system in Hong Kong is dominated by British Judges. Some newspapers are known to be funded and thus influenced by the West. I am not surprised as the British are notorious for their cunningness."

Economist A: "Who will stand up for the two jailed Officials?"

Nobody raised their hands.

[ltseung888]

https://www.youtube.com/watch?v=KIqSyVAg6Vc&t=2304s

One-belt, one-road is the new globalization from China. It is not the Western Way of building ones happiness on the suffering of others. It is respect for each other. Let every Nation examine the various ways and chose the best way for them.

Every Nation must examine the present rules. Every Nation should listen to the "wisdom" from other Nations. The Internet is a good place to get information but the information must be carefully analyzed.

China's philosophy is "to cross the river by feeling the stones". China now have the confidence that it is on the right path.

[ltseung888]

Future of Hong Kong

The recent land auctions in Hong Kong elevated Hong Kong to the most expensive place in the World in terms of property (dollar per square foot). The chance of an average wage earner hoping to save enough to own his home is getting less and less. What does that mean for the future of Hong Kong?

Senior A: "It is not my problem. I am retired and live in relative comfort at Tanner Hill. I plan to die in this comfortable estate. Let my children and grandchildren take care of themselves. I have given them the best education."

Senior B: "Your children are all living aboard. That is why you are lonely at Tanner Hill. They only come to visit you once a year. Mine are the same."

Senior C: "Most upper income earners like us do not worry about the economy of Hong Kong. I rented out my own apartment. The rent easily cover the rent at Tanner Hill and my daily expenses. I still have income from stocks, bonds and rental property. My lawyer and management agents take care of all necessary fees, taxes and maintenance. My children are in the financial services. They all have foreign passports and properties aboard. Hong Kong is still the best place to make money for the highly educated and connected."

Senior A: "Will that last until our passing away? According to statistics, I still have 15 more years."

Tseung: "We can spend our time speculating what might happen to Hong Kong. Anyone care to fire the first shot?"

Senior C: "Hong Kong should focus on financial services. Hong Kong can raise more money than New York or London as the Chinese Economy further expands. The fees in bring a Company onto the Stock Market is in Billions of Hong Kong Dollars."

Senior B: "Hong Kong is a legitimate tax heaven. It is one of the money laundry Cities – not just Chinese money but worldwide. Such transactions are not in Official Records but the number must be in trillions of Hong Kong Dollars per year."

Tseung: "If Hong Kong takes on the Forex trading to help China, the daily forex transaction volume will increase tremendously. Macau is the gambling center of the World. Hong Kong can be the Forex Casi*o center of the World."

Senior A: "Let us continue with our game of Bridge."