Ufo propu engine, closed loop

[ltseung888]

author=ltseung888 link=topic=15077.msg496605#msg496605 date=1480456822]

Is it a Meaningful Economic Activity for China to:
7d.   Introduce the Super Silicon Valley Mentality to stimulate its Citizens?

One of the key elements in the super Silicon Valley Mentality is that everything is third class. The group in charge should improve it to second or first class. The new group in charge later should treat the thing as third class only and further improve it. This will keep an individual, an organization or a Nation progressing.

Let us use another example – should a place like Hong Kong join China in the one-belt-one-road initiative?

The income per capita of Hong Kong is high enough to rate it as Developed. Its GDP growth rate is in the two percent range. Some politicians and economists viewed that as normal for a Developed Economy. The major complain from many Citizens is the high housing prices. It is almost impossible for a young couple to own their own home on salaries.


In the 1998 era, the house prices dropped and got many citizens into negative worth. That incident forced the hand of the Government to house prices high. Many youngsters feel that there is not enough opportunities inside Hong Kong. The frustration led to the "occupy Central" movement and the election of candidates who advocate independence".

The mood in China is very different. Citizens feel that it is the best time to get rich. Building Infrastructures are like gold mine. They can continue via the one-road-one-belt initiative and build Infrastructures aboard. The Chinese currency (RMB) is gaining the status as reserve currency. They can see the tall sky scrapers. They can ride on the high speed trains. They can shop and become shop-keepers via the Internet. They can voice their opinions via the numerous forums.

One suggestion is for Hong Kong to help in the one-belt-one-road initiative. Hong Kong has mastered the "internet managed" restaurants, retail stores etc. very well. Such businesses can easily expand outside Hong Kong. Students interested in agriculture can see opportunities in Africa...

[ltseung888]

Is it a Meaningful Economic Activity for China to:
7e.   Introduce the Super Silicon Valley Mentality to stimulate its Citizens?

One of the key elements in the super Silicon Valley Mentality is that everything is third class. The group in charge should improve it to second or first class. The new group in charge later should treat the thing as third class only and further improve it. This will keep an individual, an organization or a Nation progressing.

Let us use another example – should Government compete with the private sector in providing goods and services?

In Hong Kong, public housing was at one time of low standards. Bathroom facilities were shared. Lifts did not cover every floor. The thought was – anything was better than living in the streets. Then the quality steadily increased. At one time, even club houses, high speed Internet connections and gym facilities were available. The quality matched and exceeded those of private housing. There were complaints from private property developers. The Hong Kong Government then cut the amenities offered by public housing.

In Singapore, the Economic Development Board was introduced. The role was to help Singapore Businesses to prosper and compete with the World. It was very successful. China copied and improved on the model.The China Miracle is now established for all to see.

Some years ago, a friend of mine opened a prawn fishing facility in China. It was very successful since it was novel and attracted much attention. Then the local government funded and opened a larger and better equipped facility. My friend complained bitterly that the competition was unfair. He had no choice but to close down his once profitable business. He was innovative and became successful in other ventures with help from the same local government.(He was able to lease abandoned farmland at low rents.)

Some economists commented that competition will come when any venture is successful. When investors see profit in the prawn fishing operation, they will invest to compete. It just happened to be the local government in this case. But some economist argued that any government competition is theoretically unfair. Governments have deep pockets and can establish or modify policies.(Private Companies including Multi-Nationals cannot compete with State Enterprises in general.)

My view is that if the result is a better facility for the region and for the consumer, who owns or runs the facility does not really matter.

[ltseung888]

Is it a Meaningful Economic Activity for China to:
7f.   Introduce the Super Silicon Valley Mentality to stimulate its Citizens?

One of the key elements in the super Silicon Valley Mentality is that everything is third class. The group in charge should improve it to second or first class. The new group in charge later should treat the thing as third class only and further improve it. This will keep an individual, an organization or a Nation progressing.

Let us use another example – should the average person invest in Gold?

When Governments print money, what should happen to the price of Precious Metals such as Gold? The common sense approach is that such prices should go up. But the US and other Western Governments want to get people to turn away from Gold. Thus they artificially lower the price of gold.https://www.youtube.com/watch?v=DPgGmTfIBPc

China and Russia are buying gold and gold mines. There is only a limited amount of Gold. Western Market Makers are "selling gold they do not have". They hope that by fixing and keeping price of gold low, many holders will sell or forced to sell. Storing gold will not earn any interest. (Keeping money in Banks hardly earn any interest this days.) China, Russia and many other Nations are not happy with the US dollar dominance. They feel that it is not justified.


The new wealth will be the quality and quantity of Meaningful Economic Activities.Will owning gold or wearing gold necklaces be a Meaningful Economic Activity? When China becomes the Number One Economy in the World, faith in the US Dollar will fall. Where will the rich in the West invest? One likely place is Gold.

[ltseung888]

Is it a Meaningful Economic Activity for China to:
7g.   Introduce the Super Silicon Valley Mentality to stimulate its Citizens?

One of the key elements in the super Silicon Valley Mentality is that everything is third class. The group in charge should improve it to second or first class. The new group in charge later should treat the thing as third class only and further improve it. This will keep an individual, an organization or a Nation progressing.

Let us use another example – should the average person invest in Gold (continued)?

I just finished talking to a wealthy senior on investing in Gold. He has the following comments:
(1)    There is no point in further investing when he already has more than enough to spend for the rest of his life. He sold his many pharmacy stores and still own a couple of apartments. The rental income provided him a steady income – more than he can spend.

(2)    His children are already established. One is a medical doctor and another is an engineer. Both have good income, home and rental property. There is no need to worry about catering for grandchildren.

(3)    His wife passed away a few months back. His regret was not spending time and money earlier when his wife was alive.

(4)    He said that the right thing for individuals to do is to earn and spend whatever they could comfortably afford. Eat better. Enjoy life more. Do not wait until old age when one cannot see, hear or walk too well. Travelling will not be a joy. When one has no teeth, food will not be as enjoyable.

Meaningful Economic Activity will mean different things to different individuals and different Nations. That is the fun of knowledge...

[ltseung888]

One of the key elements in the super Silicon Valley Mentality is that everything is third class. The group in charge should improve it to second or first class. The new group in charge later should treat the thing as third class only and further improve it. This will keep an individual, an organization or a Nation progressing.

Let us use another example – should the average person invest in Gold (continued)?

I just finished talking to a wealthy senior on investing in Gold. He has the following comments:
(1)    There is no point in further investing when he already has more than enough to spend for the rest of his life. He sold his many pharmacy stores and still own a couple of apartments. The rental income provided him a steady income – more than he can spend.

(2)    His children are already established. One is a medical doctor and another is an engineer. Both have good income, home and rental property. There is no need to worry about catering for grandchildren.

(3)    His wife passed away a few months back. His regret was not spending time and money earlier when his wife was alive.

(4)    He said that the right thing for individuals to do is to earn and spend whatever they could comfortably afford. Eat better. Enjoy life more. Do not wait until old age when one cannot see, hear or walk too well. Travelling will not be a joy. When one has no teeth, food will not be as enjoyable.

Meaningful Economic Activity will mean different things to different individuals and different Nations. That is the fun of knowledge...

The above is the lesson from Hong Kong - making money is glorious. The wealthy senior is a good example. The environment in China is ripe for this to happen.  The brilliant strategy from China is to expand beyond China.  Make other Nations rich at the same time.  When citizens focus on making money legally, they have fewer protests or demands from the government.