Ufo propu engine, closed loop

[ltseung888]

Overheard on a bus trip:
Person A: "I just came back from my Village. A high speed rail will be built cutting the village."
Person B: "There must be protests as Government will take away the land."
Person A: "On the contrarily, the villagers welcomed it with open arms. The compensation package was too good. The cash compensation was 150% of the initial estimated value. There was a free 100sq. meter flat with all electrical appliances in one of the ghost cities."
Person B: "Why would I move to a ghost city?"
Person A: "Many of the neighbors would be there. Many jobs would be available including maintaining and cleaning the vacant units."

China understands the money incentive very well. In the 2008 World Financial Crisis, China pumped trillions of thin-air money to build Infrastructures. China compensated the affected villagers generously. That was why China could build so many high speed rails without objections. Money, Money and Money. (State Capitalism uses the money incentive.) There will be more high speed rails. There will be more compensations. The ghost city problem will be solved. (Build and furnish the units first. People will see actual units rather than promises. Most are happy to move.)

From a Senior Citizen:
I now understand why China can always meet its GDP growth target. China includes the parties and gifts to us as contribution to GDP. I received gifts of blankets, biscuits, noodles, fruits at the mooncake festival. I expect more for the Chinese New Year.
Hail to the Chinese Economic Miracle...

[ltseung888]

 Is it possible for China to achieve its goal of removing poverty in China by 2020?
(1)    Can China provide enough food for all citizens no matter which part of China?
(2)    Can China guarantee every child has access to education (via Internet if needed)?
(3)    Can China ensure that every household have electricity, clean water, access to Internet?
(4)    Can China provide emergence to any province in case of Natural Disasters such as Earth Quakes, Floods, Draught, Forest Fires etc.
(5)    Can China provide opportunities for every citizen to have life-long education and see prospects of improving standards?
(6)    Can China provide entertainment to enrich the life and happiness of all its citizens?
(7)    Can China provide the medical and hospital care in case a citizen falls ill?
( 8)     Can China provide the social benefits to the disabled, old, sick, unemployed?
(9)    Can China provide clean air, water and non-polluted food to its citizens?
(10) Can China provide ease of travel to all its citizens?
(11) Can China use its excess capability to help other Nations richer?
(12) Can China provide super democracy so that every citizen can express his opinion and vote on important issues directly?
(13) Can China help its citizens to generate the self-confidence and compassion for other Nation or individuals not so blessed?

Achieving the above means that China will have achieved the status of a Developed Nation. If China can continue State Capitalism with the necessary Five Year Plans and focused development, China and the World will be a happier and more prosperous place. Can the above be accomplished by 2020?

[ltseung888]

Trump wants RMB to appreciate so that Chinese Goods will not be that cheap.  If USA and Chinese Governments join hands to force the RMB up, what are the chances of Hedge Funds and Currency Speculators able to force the RMB down?

From another Senior Citizen:

"Tseung, we are too old to do anything concrete. We can spend our time speculating and discussing various strategies. Others younger and brighter are in better position to take action. The posts will alert them on some possible areas that they may have missed."

The Chinese Economists would have analyzed the fall of USSR and the Asian Financial Crisis. They can read our points of view. They are likely to have done much more what-if analysis. Some moves may be kept secret and deployed only when needed.

But helping other Nations rich is a good idea...

[ltseung888]

From a bitter retired senior citizen:

"Tseung, learn one lesson. In the financial world, the one with vastly more money will win. All the cleverness, cunningness and knowledge will not overcome the odds. I learned my lesson the hard way - loss amounts to many millions."

[ltseung888]

Some comments on currency war (dr@dailyreckoning.com wrote:)
In order not to deplete foreign exchange reserve in defence of yuan depreciation expectations, China may resort to maxi-devalue Yuan by 10% or more overnight.  Such currency manipulation tactics should surely drown Soros style crocodiles and rock US market with one shot.

*** When Soros and Inc. are betting the Yuan to devalue, a large devaluation will provide them with huge profits. Does "drown" mean drowning them in money? Such postings are meant to confuse. I think the author is trying to scare the Yuan (RMB) holders to convert their holdings to USD. Currency War is fought with words, rumors, half-truths etc. Will the Chinese Central Bank take effective action (slowly draining the foreign reserve may not be the best move).

China needs to keep the "trust worthy" image. The "drain your currency reserve to force your currency to float(wildly depreciate) and then rob your resources" tactics succeeded against USSR and the Asian Tigers. Will it succeed against China?