Ufo propu engine, closed loop

[ltseung888]

"Meaningful" is an obscure term, subject to
personal opinion and subjective perspective viewpoints.

To ME, a meaningful economic endeavor is one that
provides a maximum production to the public at a minimum cost.

To an economist, this is business suicide.
Their goal is to maximize profits, with little or
no regard to their consumers.

Price deflation is 'meaningful' because we (the consumers) can pay less
for the same product.

To an economic entity - price Inflation is 'meaningful'
because they can charge us (the consumer) more money
for the same product.

Which side of the game are you on?

I play the role of "super consultant".  As a super consultant, I take no sides.  I examine the issue from the standpoint of a detached observer.  For example, take the following issue:

"Is it a Meaningful Economic Activity for China to:

1.  Build Infrastructures in another Nation for negligible or negative financial returns?"

As a detached observer, I can see that knowledge and technology can be learned by all Nations.  All human beings can acquire the knowledge and technology to build infrastructures.  It is a matter of time and the right type of leadership. 

It is meaningful for China to build a road to link a remote village to a nearby city even if the benefits are mainly for a few villagers.  China treats that as increase in GDP and the local officials are rewarded on their ability to increase the National GDP.  The cost of building the road may never be recovered via tolls or value of goods passed.  But China can afford it!  China has the technology, the engineers, the workers and the thin-air money to indulge in this economic activity.

Let us examine whether it is meaningful for China to build a road in Ethiopia for negligible or even negative financial returns.  Can the building of that road benefit Ethiopia?  Can China view that as an increase in the Global GDP?  Can China afford it?  Can China and Ethiopia see that as a win-win.  Can Ethiopia learn the technology of building the road and improve the technology to adapt to its environment?  Can the good-will be developed to a higher level?  Can China view that as efficient use of its resources of talent and material?  Can China view that as continued high GDP growth to avoid the Middle Income Trap?

Does that really matter if the road were built in Sudan or a war torn country?  Is it more meaningful to build it in a stable nation where such action is appreciated?  A super consultant should treat himself as "god-like" in the super Silicon Valley Mentality sense.  He should re-examine the existing rules and order.  He should be free to propose solutions outside the box.

[ltseung888]

Is it a Meaningful Economic Activity for China to:

2.  Raise the standard of living of citizens in remote villages to the equal of major cities?

As a super consultant, I shall recommend the following:


a.  It is very meaningful to raise the standard of living of every citizen to an increasing prosperious level.  It is the duty of any responsible government.  Singapore is a good example.
b.  The first thing is to ensure that every village has electricity, running water, connection to Internet, health care, food and emergency facilities.
c.  It may not be meaningful to develop village factories that are subsistence.  Such factories will not be able to compete nationally or internationally.
d.  It may be better to turn many villages to tourist resorts or weekend relaxation centers.  Government funding can go towards top quality hotels, spas, entertainment parks, sports facilities etc.  Villagers can be trained to be managers, performers and service professionals with quality matching the best in the World.  Computer systems linked via Internet can do much training, sharing and monitoring.
e. Treat such activities as increase in National GDP.  Government Officials are encouraged to define and introduce them.  (Officials can become wealthy legally as examples to show the possibilities to the local villagers.  This already proved success in many villages.  Officials do not doze the day away but busy building wealth. )
f.  The village hotels can also serve as exhibition centers for selected goods such as induction cookers, energy saving gadgets, latest electronic inventions or anything worth demonstrating.  Some special events such as International Nights, USA, Russia, Germany Nights etc. will be hosted.  Special food and performances for such events can be funded and International help is encouraged.
g.  The sports facilities should aim for International Competition Standard.  Local and regional competition events can take place.  Use the concept that a certain population will justify certain facilities. 
h.  This will help China to move towards a "service or consumer" economy.  Citizens can enjoy a higher standard of living.

[ltseung888]

Is it a Meaningful Economic Activity for China to:

3.  Define a new financial structure for the World to ensure win-win?

In the gambling world, if there were no limit on the betting amount, the side with overwhelming capital will always win.  Many of the stock market rules such as derivatives (Calls, Puts, Index etc.) have no limits.  The wealthy, Hedge Funds or Nations will always win.  The Asian Financial Crisis in 1997 was a good example.

Before the Asian Financial Crisis, Hong Kong Officials believed in the "Market" and took the attitude of no intervention.  During and after the Crisis, it learned that only combined actions from the Hong Kong and Chinese Government resources and efforts could defeat the Crocodiles (Hedge funds, notably George Soros).  Now continuous monitoring and willingness to step in have become the required practice.

The bigger issue is the concept of "reserve currency".  At one time, wealth was measured in Gold.  But the amount of Gold can no longer be the backup of the currency.  USA then tied Oil to the Dollar and the Petro-Dollar was born.  Since all Nations need energy (mainly in the form of oil) and if oil were traded in US dollars, all buyer Nations must use US dollars.  In addition, when a Nation have trading surpluses, it needs to keep the surpluses in some form.  The "default" form is the "reserve currency" or the US dollar.

The maintainer of the "reserve currency" have the huge advantage of printing the thin-air money to exchange for goods and services of other Nations.  At one time, many Nations including China, thought that having a huge foreign currency reserve was the right thing to do.  Now, they realize that numbers in some banks are not very useful.  USA can print more money and effectively dilute the value of the "hard earned reserve".

The new measure of wealth is the quality and quantity of Meaningful Economic Activities.  Infrastructures are Meaningful.  Improving standard of living is Meaningful.  Mastery of technology and knowledge is Meaningful.  Food Security is Meaningful.  Peace and Five Year Plans are Meaningful.  Helping other Nations rich is Meaningful.

What will the new Financial Structure be like?  It is likely to be based on win-win.  All Nations will realize the advantages and disadvantages of thin-air money and will not blindly seek material wealth or numbers in some accounts.  Nations will compare their standard of living; Citizens will travel; Innovations will be shared.  Hopefully, border disputes will not lead to conflicts or wars.  Real Globalization will happen and Nations needing help in infrastructure development or technology will get it.  Prosperity will spread to all.

Nations such as USA, China, Russia, Japan, Germany, France etc. will compete to help other Nations develop and increase their own GDP at the same time.  The excess talent and resources can be put to benefit the entire human race.

[ltseung888]

Is it a Meaningful Economic Activity for China to:

4.  Charge ahead on technology and innovation - create money from thin-air to support such efforts if needed?

To survive and prosper in the Modern World, charge ahead on technology and innovation is an absolute necessity.  In the nineteenth century, Japan modernized.  China tried to close its doors and assumed it was the greatest.  Everything could be produced within China.  There was nothing worth learning from the barbarians.  The result was a century of defeat and humiliation.

Have Chinese Leadership and Citizens learned the lesson?  Political dogma can rouse emotions but technology and innovation are the foundation stones.  In the 1950s, many Chinese dams were built without the technology.  There was the notorious production of steel from village farms.  The Great Leap Forward became Big Step Backwards.

In opening up to the World, China learned technology, technology and technology.  It used its cheap labor and vast market to tempt many foreign Companies to set up factories.  China learned and improved on the technology.  It re-examined every rule of the game.  It tolerated pollution and low pay.  It was a painful lesson.

Innovation means exploring into the unknown.  There will be foolish attempts.  There will be misdirected efforts.  UFO technology may be one of them.  But if there were learning in the process, go for it.


China has achieve food security.  Almost  every household has electricity, running water and access to Internet.  It is easy to fall into the Middle Income Trap.  The Modern Silk Road Initiative is a step in the right direction.  Make other Nations rich if China wants to become rich and remain rich.  Nations look for leaders who can innovate.  Nations will watch - can China avoid the Middle Income Trap?  Can China keep achieving a high GDP growth?  Can the GDP per capita become top?  Can the Flying Saucer replace the Car as default transport?  What will the future Cities look like?

[ltseung888]

Is it a Meaningful Economic Activity for China to:

5.  Take over the role of the Number One financial Power replacing USA?

China has a much larger population and thus a much larger potential market.  Both USA and China are increasing the thin-air money supply.  USA spends much of the thin-air money on wars and supporting big banks.  China spends much of the thin-air money on Infrastructures both within China and outside China.  China has taken up the number one spot in terms of global trade.  That role will increase much more in the coming years.  The one-belt-one-role initiative will further strengthen the role.

When China is willing to use the thin-air money in building infrastructures outside China, there will be much more Meaningful Economic Activities.  Other Developing Nations will grow faster.  The win-win trade with China will inevitably increase. 

When modern wealth is measured in terms of the quality and quantity of Meaningful Economic Activities, China is heading the Number One spot.  China has mastered much of the production technology.  The race of innovation is occurring.  China is using State Funding.  USA is relying on Venture Capital.  State Enterprises have won the battle against the Multi-Nationals.  Will State Funding win again this time?

The introduction of UFO technology will change the paradigm.  Which Nation will introduce it first???