The Lee-Tseung Lead Out Theory

[critic]

From http://www.energyfromair.com/thebook.htm

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Translated and enhanced when appropriate:

4.2  Smart Card for Every Citizen - The Economic Atomic Bomb

The multipurpose Smart Card issued by the Government will include many traditional functions such as personal identification, medical card, insurance card etc.  One of the new functions we are proposing here is for the purpose of supporting the economy.

The Government can use the Smart Card to encourage Citizens to buy selected goods or services.  This will support and encourage sure-win businesses; stimulate and regulate the growth of the economy.  The Government allocates a certain sum of money to the Smart Card of every citizen every month (named “Money for the Stimulation and Development of the Economy”).  The poor and the needy may receive more.

This process will create demand; stimulate supply; guarantee the quality of products and services; developed the joint Government and Private enterprises so that they become sure-win or sure-profitable businesses.  The share prices of these Joint Enterprises will increase and much money will flow back to the Government.  The Citizens will see rapid increase in their wealth together with the rapid increase in meaningful economic activities.  The ones who benefit most are those responsible for creating such meaningful economic activities.

This is an example of the planning right-hand working with the market driven left-hand.  Shops may have on-line monitoring systems so that all shareholders (effectively every citizen as the Government is an important shareholder) can see the daily transactions.  It will be more difficult to cheat.  This will accelerate the pace in moving to the Wisdom Society.

This innovative suggestion was written for solving the Asian Financial Crisis in 1997.  May be this strong medicine is right for the present Financial Crisis.

[Devil]

From http://www.energyfromair.com/thebook.htm

Translated and enhanced when appropriate:

This innovative suggestion was written for solving the Asian Financial Crisis in 1997.  May be this strong medicine is right for the present Financial Crisis.

Critic, you quoted part of the book.  You should quote the other part related to the banking system of the West.

The Western Governments allowed Banks to 'create money' or number in trusted financial institutions.  A Bank is allowed to loan out more than it takes in as deposites.  It is effectively earning interests from thin air.  Investment Banks attract capital by issuing financial papers on derivatives or questionable assets.

Such a setup requires 'trust'.  The Bush adminstration is extremely stupid in allowing the big US Mortgage Companies and Banks to fail and destroy that trust.  It did not do the monitoring job in the first place.  Humans are stupid.  They go for excesses if permitted.  George Bush is more stupid than most.  The stupid Americans voted him to lead them.  This is the result.

[critic]

Critic, you quoted part of the book.  You should quote the other part related to the banking system of the West.

The Western Governments allowed Banks to 'create money' or number in trusted financial institutions.  A Bank is allowed to loan out more than it takes in as deposits.  It is effectively earning interests from thin air.  Investment Banks attract capital by issuing financial papers on derivatives or questionable assets.

Such a setup requires 'trust'.  The Bush administration is extremely stupid in allowing the big US Mortgage Companies and Banks to fail and destroy that trust.  It did not do the monitoring job in the first place.  Humans are stupid.  They go for excesses if permitted.  George Bush is more stupid than most.  The stupid Americans voted him to lead them.  This is the result.

On page 121 of the Innovation Book, the argument for a Government to create money for infrastructure projects was presented:

The first example was the issue of increasing the money supply.  The nephew was complaining about the need to raise money to build a road.  He said that China was poor and needed to borrow money to build the road.  Tseung said, “It is total nonsense.  China can and should print money to build the road.  China already possesses the know-how to build the road.  Most of the materials are available within China.  China must print money to build the road.  Assume China prints 1 billion RMB to build the road.  After the road is built, the real asset or value of the road to China is at least 1 billion RMB.  The economic activities in building the road easily exceed 1 billion RMB.  The workers need to eat and have entertainment.  The printing and spending the 1 billion RMB can easily stimulate 4-5 billion RMB worth of meaningful economic activity.  If China does not increase its money supply, how can the Chinese people be wealthy?”

China used the above strategy very well.  Its sustained GDP growth of around 10% is no accident.  The ‘Bible of the Nine Yin’ (How to win the global economic war) has its place in history.  The Chinese version is in http://www.energyfromair.com/thebook.htm.  The new US president should get someone to translate it and circulate it to all his economic decision makers.

[chrisC]

On page 121 of the Innovation Book, the argument for a Government to create money for infrastructure projects was presented:

....  The new US president should get someone to translate it and circulate it to all his economic decision makers.

.  The new US president should get someone to translate it and circulate it to all his economic decision makers.

[/quote]

Blah, Blah Blah Blah! You're beginning to sound like your age Mr Tseung. Get a life! Go play with your grand children. I'm sure the President of the U.S does not need a retiree with no 'O' level credentials for advice on his economic policies!

This thread sucks!

cheers
chrisC

[utilitarian]

From http://www.energyfromair.com/thebook.htm
Translated and enhanced when appropriate:
This innovative suggestion was written for solving the Asian Financial Crisis in 1997.  May be this strong medicine is right for the present Financial Crisis.

This is hardcore socialism.  The government, in effect, is promoting certain businesses at the expense of others.  Sure, the businesses where people are given "free money" to spend will be "sure win."  But what about their competitors?  This is unfair competition.  It is not up to the government to decide what business should succeed, but rather the free market.

Tseung, you are a Marxist.  Keep your Marxist ideas in China, where they belong.  It's already bad enough here with the bailouts, we do not need more of that crap.