Author: matt605

Former US Treasury Secretary says dump T-Bills. [Copy link] 中文

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Post time 2006-6-25 02:18:40 |Display all floors

Opportunity, Not Obstacle

" yeah...how are you going to "link up" 20 million enterprises in China!
how is the small businessman with his pull cart store going to install a credit card/debit card."

Hey, that is a HUGE opportunity, not an obstacle!!  Imagine what that would do to the China credit card machine industry.  Also, the smart ID card is already in the pocket of every citizen.  I

" how you going to defend the "electric data system" from being corrupted by "foreign sabatours" or even "local chinese triads".....
It's voodoo.....way too advance for the present state of affairs in China.... "

Legislation plus techonology will prevent 99% of the problems.  If it is a "closed" system, and the "money" cannot leave the system (or go overseas), everything remains traceable.  Crooks may be able to get the "money" temporarily, but if the proper legislation is in place, the act alone of improperly trying to rip off the system would be a criminal act, subjecting the perpetrator to process and prosecution - and the beauty is that they cannot take the money with them.  All is electronic, and what the government giveth, the government can just as easily taketh back.

" Just wait 25 years when i predict China farmers will be working on 40 hectare farms (average) and 75% of our citizens lives in Cities with a wide range of services..."

You are way too pessimistic.  Sitting on hands is now how New China got to where she is, nor the way to march into the new century.  Farming is definitely not the way to go.  Full development of the service sector, and further expansion of manufacturing, is how China will be the undisputed No. 1 in the world.

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Post time 2006-6-27 10:34:18 |Display all floors

I'll make it short and sweet

China needs cutting edge technology for military and for economy

That means stopping smart Chinese people from permanently leaving China

The brain drain is the biggest danger

Chinese must be more proud of modern China and not glorify western culture!

Chinese must know that living in a western society is not "raising their status"..... it is lowering their status because now they are at the bottom of a racist western imperialistic order.

Stay in China and be a proud part of the Chinese nation and Chinese economy! Do not sell out yourself and your children to the "white masters".

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Post time 2006-6-27 12:27:42 |Display all floors

Reply #15 tongluren's post

ha ha ha

now we are having fun...
nice to know that you probably realize that you do not have full control.....
well, smart cards, credit card to dispense money could be a good way for a central control government..
maybe you can add a simple language with few tones so that people obey and understand what you said....
and maybe standardized the food we have, they way it is being cooked in the standard few methods which makes tracing by the government easy...
and we can have some "complaint king" politicians telling how "unhappy" they are and how the citizen should follow "his way of living" or "his gods"...

ha ha ha

Just another day....
Sorry, Mr. Tong..you do not have full control.......
You are just "swimming (or floating) in a fast flowing river"....
If you had....it would have been done long time ago..
and not now, with foreign investment, knowhow, Taiwan, Hong Kong, Overseas chinese, Amerikan, British, European influence...

Not so easy....
Never was.....

Even for the Amerikans....



Green Dragon
Third Force

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Post time 2006-6-28 10:41:58 |Display all floors

Reply #16 roger604's post

like i said...why don't you simplify our language further...
make it easy to understand....
and loud...

ha ha ha

yes, keep everybody in China...
in fact, drum into them a set of rules...your rules...

and guess what would happen to China in about 100 years down the line...

probably become a new beggar nation!!!!

ha ha ha

Green Dragon
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Post time 2006-6-30 15:56:25 |Display all floors

It is a Fine Balance

Some control is always necessary.  That's why countries have laws.  Too much control is stifling, that's true.  But how much is enough, is always a balancing act.  

Traceable money and elination of cash transactions has been the dream of many governments.  The benefits are many.  The rise in efficiency alone means hundreds in billions in savings.

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Post time 2006-7-1 13:35:26 |Display all floors

Reply #19 tongluren's post

The fallacy on the PRO-CONTROL people!

Instead of "Floating on the fast flowing river" as advised by our great SOLDIER, Mr. Mao...
Mr. Tong insist on WESTERN style control and tyranny!

Try this little experiment, Mr. Tong....
Take a gal friend to a dinner somewhere you are familiar and nice in Beijing...
Buy her a meal, which has something not so tasty on it....

Bet you find that, she'll pass that bit to your plate...

ha ha ha


and Governments are like that....
If you allow Governments to be TOO LARGE...
a CLIQUE will form, a CORRUPT CLIQUE.........

and they will start passing the BAD PIECE on that plate to you....
In Malaya...the RIAU GOVERNMENT has been trying hard to AVOID that practise..
but in actual effect, the corner 50% of the central bank controlled banks, 80% of the automotive manufacture business, 60% of the government funded education business, 95% of the petroleum industry......

and gave away the worse to the Chinese, Indian, Natives, and Patani people.

In Singapore, the Government took 60% of the economy, paid its people of the Hai San gang the highest civil servant salaries in the world!!!!! and left the people only to TAP for work and taxes. The Singapore government does not work, the STRONG ARM you to pay 2 to 3x the average cost of utilities, monopolized the real estate business, take away all your savings in compulsory CPF savings, prevents you from spending so that they corner the FOREX $ that you work hard to get and give you the "free" local units.


Is that what Mr. Mao wanted??????
I doubt it......
If you look at the "manipulation" of Mr. Mao....
he created "autonomous" districts, so that people of all colour have "local decision making"....yes Mr. Mao is the RAINBOW EMPEROR!!!!!
he created "self sufficient" military units -so that the "people's armed forces" does not feed on the sweat of the people...but a unit dedicated to protect the intergrity of the Chinese nation.
he wanted to create a simple language to "GAP" between the uneducated rural poor and the wealthy city rich. But i guess, if he did it "our way"...he would build more cities and make the farmer rich by more land/production which would keep the supply of assembly labour salaries high...!!!!

which would make city folks richer!

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Post time 2006-7-25 14:26:14 |Display all floors
havent read the post yet.
first comment without reading.it lookds like a textbook! haha.financial management foundations,published by mcgraw hill,2006.june.
round about midnight. where theres venus and sunrise, theres home

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