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Author Topic: Ufo propu engine, closed loop  (Read 472122 times)

ltseung888

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Re: Ufo propu engine, closed loop
« Reply #720 on: November 22, 2016, 10:13:18 PM »
The future of the World in pdf format

ltseung888

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Re: Ufo propu engine, closed loop
« Reply #721 on: November 24, 2016, 11:24:54 PM »
If a Nation wants to be rich and remain rich, it should help other Nations become rich.

China is following this strategy.  The Asia Infrastructure Investment Bank and the Modern Silk Road Initiative are good examples.

What will happen if other Nations such as Japan, Germany, Russia follow the same strategy?









ltseung888

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Re: Ufo propu engine, closed loop
« Reply #722 on: November 27, 2016, 06:51:02 PM »

Visited a family style fishing place:
Blessedvilla.net

It is a "subsistence" operation - small, no space to expand and primitive facilities.  One or two 50 passenger tour bus will overwhelm its facilities.

Difficult to get to.  Suitable for family with cars for a day trip.


*** Defining Meaningful Economic Activity is not a piece of cake.  What is Meaningful for a family may not be Meaningful for a village.



ltseung888

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Re: Ufo propu engine, closed loop
« Reply #723 on: November 29, 2016, 11:00:22 PM »

Visited a family style fishing place:
Blessedvilla.net

It is a "subsistence" operation - small, no space to expand and primitive facilities.  One or two 50 passenger tour bus will overwhelm its facilities.

Difficult to get to.  Suitable for family with cars for a day trip.

*** Defining Meaningful Economic Activity is not a piece of cake.  What is Meaningful for a family may not be Meaningful for a village.


Is it a Meaningful Economic Activity for China to:


1.  Build Infrastructures in another Nation for negligible or negative financial returns?
2.  Raise the standard of living of citizens in remote villages to the equal of major cities?
3.  Define a new financial structure for the World to ensure win-win?
4.  Charge ahead on technology and innovation - create money from thin-air to support such efforts if needed?
5.  Take over the role of the Number One financial Power replacing USA?
6.  Avoid the Middle Income Trap via sharing the technology and knowledge with other Developing Nations?
7.  Introduce the super Silicon Valley Mentality to stimulate its Citizens?
8.  Focus on long term globalization and ignore the many border disputes and ideological quarrels?

sm0ky2

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Re: Ufo propu engine, closed loop
« Reply #724 on: November 30, 2016, 05:41:31 AM »
"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?

ltseung888

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Re: Ufo propu engine, closed loop
« Reply #725 on: November 30, 2016, 05:43:01 PM »



"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

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Re: Ufo propu engine, closed loop
« Reply #726 on: November 30, 2016, 11:29:05 PM »



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

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Re: Ufo propu engine, closed loop
« Reply #727 on: December 01, 2016, 09:17:17 PM »


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

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Re: Ufo propu engine, closed loop?
« Reply #728 on: December 02, 2016, 05:44:52 PM »




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?
« Last Edit: December 02, 2016, 11:24:13 PM by ltseung888 »

ltseung888

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Re: Ufo propu engine, closed loop
« Reply #729 on: December 03, 2016, 01:52:25 PM »

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???

ltseung888

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Re: Ufo propu engine, closed loop
« Reply #730 on: December 04, 2016, 12:42:47 AM »



Is it a Meaningful Economic Activity for China to:

6.  Avoid the Middle Income Trap via sharing the technology and knowledge with other Developing Nations?



The story of an entrepreneur.

This entrepreneur started his fortune from a Bakery.  Instead of the family style, he used modern equipment and management techniques.  He introduced standardized procedures and webcams to monitor the production and the customer flow.  He obtained venture capital to expand.  In a five year period, his branches and franchises increased from one to over 30 and covered a few cities.

He had enough money to retire and enjoy life.  He had achieved more than Middle Income.

He was approached by the Chinese Government.  The Official told him that China wants to replicate his success model.  The management technique can cover more than just Bakery.  The managers can monitor the business and the customer flow at any branch or franchise via the Internet.  The on-line income and expenditure can be analyzed.  China wants to expand such technology to cover the one-belt-one road.  The number of branches or franchises can be counted in many thousands.  His consulting and royalty income will be in millions of RMB.  The Official told him not to be contend with Middle Income.  He should get his Company on the Stock Market and become one of the Billionaires.

Such stories are very common in China.  One of the accusations was that many Officials got rich via supporting such entrepreneurs.  Their spouses or relatives can get good jobs and shares in such Companies. This was regarded as conflict of Interest by some opponents but accepted by many as a legal way to get China prosperous.  The Officials are no longer road blocks but are effective business partners.

Personally, I had the following experience.  I had a dinner party at an old boys reunion.  An old boy got a phone call from a Chinese Official at 11:30 pm at night.  I asked whether Chinese Officials work overtime at such a late hour.  He laughed: "They are more keen to making the venture successful than me!"

Can China avoid the Middle Income Trap?  With the Officials supporting entrepreneurs to help each other get wealthy legally; with opportunities inside and outside China; what are the chances of avoiding the Middle Income Trap?


The Western model of Government is outdated.  Governments are no longer collector of taxes and redistribution of income.  Governments are responsible in increasing the quality and quantity of Meaningful Economic Activities.  They have to help Citizens more prosperous - not taxing and taking the wealth away from them!

ltseung888

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Re: Ufo propu engine, closed loop
« Reply #731 on: December 04, 2016, 10:04:51 PM »

 

 Is it a Meaningful Economic Activity for China to:
 7.   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 an example – printing thin-air money.  The Citizens of a Nation will not become wealthier if the Government does not increase the money supply.  If there were no increase, one person getting richer will mean another getting poorer.  An appropriate increase will stimulate the economy.

China is printing much thin-air money to support its many infrastructure projects within and outside China.  Is it a third class act?  How can it be improved?  Can it be improved via open advertising – telling the Developing Nations that it is part of the win-win solution? The thin-air money to build a dam in an African Nation will help the African Nation to have better irrigation and clean electricity – a win for the African Nation.  China can use its excess production of cement, steel and further develop its engineers – a win for China.  There is no exploitation involved.

The key for the fast development of China is technology, technology and technology.  The African Nation should not just watch the construction of the dam by the Chinese engineers and workers. The African Nation should learn and improve.(Ethiopia is a good example.)

ltseung888

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Re: Ufo propu engine, closed loop
« Reply #732 on: December 05, 2016, 11:35:55 AM »


 
 
Is it a Meaningful Economic Activity for China to:
 7a.   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 – building more high class restaurants.  When China has achieved food security, is it meaningful to introduce more tasty food and a more relaxing environment for Citizens to enjoy their meals?  Should this be left mainly to the hands of private enterprises?  Will the Citizens see it as improving their standards of living and enjoying the fruits of hard earned economic development?

One of the arguments was to let many private enterprises compete.  Some will fail and some will succeed.  There is no need to print extra money for such purposes.  In some cases such as remote villages or under-developed regions, Local Governments may want to turn such regions into holiday resorts.  Government money should be spent to provide the basic or even high quality tourist attraction facilities.


The third class plans or projects should be improved to second or first class.  One thing China did right was to judge the performance of an Official on his ability to increase the GDP and reduction of poverty.  In Hong Kong, I go to a fishing farm which is not in a zone targeted for re-development.  The facilities hardly changed for over 15 years.  One can say that 15 years was wasted.  The income of the owner did not increase much.  It was subsistence survival.  What would have happened if the local Hong Kong Officials in that zone were judged on their capability to increase local GDP and helping the Citizens get wealthier?

ltseung888

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Re: Ufo propu engine, closed loop
« Reply #733 on: December 06, 2016, 05:01:52 PM »

 

 Is it a Meaningful Economic Activity for China to:

 7b.   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 – the role of Government is no long to collect taxes and maintain peace and order.  The new role is to increase the quality and quantity of Meaningful Economic Activities.  The main revenue comes from printing of thin-air money, renting land and property, loaning out the thin-air money and encouraging the Citizens to buy stocks and bonds in State Enterprises.

Traditionally, China collected taxes from the farmers as main source of revenue to the emperors.  The tax was in the form of a portion of the crops produced.  This was a form of taxing the poor to support the rich.  The Communist Party finally had the sense of abolishing such taxes.  The farmers are treated as low income earners and no long pay any taxes.

Hong Kong taught China a capitalist way.  The British controlled Hong Kong and Shanghai Bank (HSBC) as the default Bank – both in printing and manipulating the money.  Property prices were kept high by restricting supply.  When a piece of land is released for development, HSBC was able to loan thin-air money to developers.  When the property is developed, HSBC was able to supply mortgages to the citizens.  So long as the citizens repaid the mortgages, HSBC was able to print and loan out more thin-air money.  HSBC became one of the largest banks in the World.

China learned the lesson.  It put many State-owned Banks on the Stock Market and loan out thin-air money.  Many of these banks become International giants.  Citizens worked hard to repay the loans; buy stock in such banks and created much more Meaningful Economic Activities.  Much money flows back to the Government.

China realized the best way to impress the Citizens is via development of Infrastructures.  Citizens can see the roads, bridges, subways, high speed trains, hospitals, schools and high sky scrapers.  The average Citizen can enjoy the fruits of such development.  They can see that some get rich faster but they view them as examples of inspiration.  The builders of Infrastructures got well compensated as billions of dollars flow in their direction.  When the number of worthwhile Infrastructure Projects within China decreased, the one-belt-one-road initiative was launched.  The opportunities of building more infrastructures increase.  It is a win-win even if China uses some of the thin-air money in other Nations.

The Super Silicon Valley Mentality tells the Citizens to think outside the box.  The new role of Government is not come to take money away from you.  The new role is to get you involved in Meaningful Economic Activities and enjoy a better standard of living.

ltseung888

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Re: Ufo propu engine, closed loop
« Reply #734 on: December 07, 2016, 08:08:42 PM »

 

 Is it a Meaningful Economic Activity for China to:
7c.   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 – the role of Government in providing food and social security for its citizens. Should a Government guarantee that all its citizens have food, shelter, electricity, running water, access to Internet, 10 years of free education, disaster relief, medical benefits, pensions, clean environment, jobs, efficient transport and all amenities associated with a Developed Nation? Is that the ideals of Communism? Is that improving the quality and quantity of Meaningful Economic Activities?

China is combining the Capitalist incentive – making money is glorious and the Communist role – all can share the fruits of progress. The Government has a delicate role to play. Too much benefit will get citizens into the Middle Income Trap. Not enough benefits will lead to social unrest. Too much taxing of the rich will destroy their incentive to grow the economy. Feeling the stone to cross a river (find one’s own model and pace of development) has its advantages…