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China tries to limit the impact of global financial crisis

Excellent article.

There are some very innovative suggestions.  An example is the Open Letter to President-Elect Obama in http://hk.geocities.com/winghang20022002/Open_Letter2.doc.

Some partial extracts include:
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(3)        The Innovative Alternatives

Modern Wealth is the quality and quantity of meaningful economic activities.  We must increase these meaningful economic activities.  Two of the coming pillars are:
(a)        Lead-out-energy machines and
(b)        Flying saucers.

In USA, the Jupiter Financial Group based in Corning, Arkansas funded a 225 HP Pulse Motor.  That particular motor is known to USA Government sources as it was prevented from being sent from the USA in October 2006 to China.  That particular motor uses batteries to start.  Once started, it leads out magnetic energy (more correctly electron motion energy) and runs without burning any fossil fuel.  That particular group could not understand the source of energy at that time.  I met them including their Chairman, Mr. John W. Bush, at Tsinghua University, Beijing.  (Contact Information - telephone: xxxxxx, email:xxxxxx)

I explained the theory behind their invention and also extended the explanation to the design of a flying saucer.  The explanation is available at http://www.energyfromair.com/IOE_talk.

These innovative solutions will let the World focus on the potential of non-polluting, virtual inexhaustible and easy-to-extract energy.  The technology can be applied to replacing all power plants, home generators and every electrical appliance.  The opportunity for further development and investment is huge.  The flying saucer technology is also mentioned in the same presentation.  The prospect of that is even greater – the flying saucer is likely to replace the home as the most important asset of every family.  It can fly to anywhere including outer space.
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More on Flying Saucer

Mr. Lee Cheung Kin supplied the Appendix on a Flying Saucer Prototype in the Open Letter to President-Elect Obama.  

The PowerPoint presentation of that invention is available in:
http://hk.geocities.com/winghang20022002/Flying_Saucer.htm

The flying saucer can replace the home as the most important asset of every family.  It can fly anywhere including outer space.

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More on Innovation

One of the most important mindset in solving the global financial crisis is the willingness to jump out from the box.  Or be innovative.

The ebook on Innovation - The Story of Lawrence Tseung is in:
http://hk.geocities.com/winghang20022002/

The other ebook on How to win the Economic War writter ten years ago on how to deal with the Asian Financial crisis is in:
http://www.energyfromair.com/thebook.htm

Some of the important innovative concepts are explained - such as
(1) Mutual Credits,
(2) Sure-win businesses,
(3) Smart Cards,
(4) Money as a number in a trusted financial institution.

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Open Letter to President-Elect Obama

Dear MargaretLo,

Thank you for reading the Open Letter in http://hk.geocities.com/winghang20022002/Open_Letter2.doc.

It took us sometime to understand the cause of the present Global Financial Crisis.

In the Financial World, one key word is TRUST.  Money is just a number in a trusted financial institution.  The Investment Banks in USA sold too many innovative financial products including derivatives that had no underlying value.

Once that TRUST or blind faith in Wall Street is gone, those financial papers became worthless.  When Lehman Brothers was allowed to collapse, many investors lost heavily on what they believed to be very safe investment.  Even the largest Investment Banks had to convert to Commerical Banks to save themselves.

Rebuilding that TRUST will take time.  But the World Leaders cannot allow a meltdown of the Financial System Worldwide.  Some compromise must be made.

The voice from China will be heard.  It is a good opportunity for China.  Can China use this opportunity well?

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Open Letter to President-Elect Obama

Dear Maggie,

You raised an excellent question.  I have to answer that in multiple parts.

The answer is quite complicated.  Part 1 – the question of TRUST.

TRUST is a very abstract thing.  Many Governments now guarantee Bank Deposits with no upper limit.  If one trusts the Government, one will be happy to leave the money with any Bank including the newly formed Commercial Bank of Goldman Sache etc.

When the financial paper of questionable value matures, one may just convert it into cash and leave it with one of the International Branches of Goldman Sache where the Government has no-upper-limit guarantees.  Thus Goldman Sache does not need to default on its financial papers.  

Such an arrangement does not depend on the underlying value of the financial papers but on the Government guarantees.  TRUST can be restored because the holders of financial papers feel that they will not lose any money.

(This is the reason why Goldman Sache and other Investment Banks became Commercial Banks.)

Lawrence

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Open Letter to President-Elect Obama

Dear Maggie,

Question: Do you think that the buying of foreclosure homes by the US Government is a necessary step to restore TRUST?

Part 2 – The price of houses in USA

The most important asset for the average USA family is the home.  The average American families are willing to put much resource to improving their homes.  They will trade up when their income increases.

Previously, about 10 years ago, Banks were very cautious in their lending practice.  They would lend approximate two-years salary of the family.  That put a ceiling on the price of the average home.  Then they relax the rules.  Some Banks even ignored the checking of income.  The Banks thought that if the price of houses were always upwards, they could always recover the loan by selling the foreclosed properties.  They were right for a period of a few years.

Unfortunately, the situation went out of hand with no effective monitoring.  Some individual obtained loans that were totally out-of-line with their income.  They could not possibly accord the mortgage.  Some even gambled to have two or more houses – hoping to sell and make profit with the appreciating housing value.  The unfortunate part is that some were successful.  That encouraged many more to follow.  That created the property bubble.

As with all bubbles, they will burst eventually.  In the case of USA, the Wall Street guys invented financial papers based on such property and/or mortgages and sold such financial papers worldwide.  Some even packaged such with derivatives and the whole thing depended on TRUST to continue.  Once that TRUST is gone, such financial papers become worthless – as evidenced by the Lehman Brother papers when it collapsed.

In a free market, when there are many vacant houses (excess supply), the price of houses will fall.  This created the phenomena of people with negative worth – familiar to Hong Kong Citizens.  For example, one owns properties worth US$2 million and have total mortgage of US$160 million.  The net worth is US$40 million.  When the value of property drops by 30%, the property is worth only US$140 million.  The person joins the rank of the negative worth.  If the person loses his job, he might be forced to declare bankruptcy.  Such a person is even worse than poor – psychologically and credit wise.   

Thus Governments cannot allow price of houses to fall too much.  When and how to rescue is important.  If the politicians are divided, the result may even be panic and meltdown.

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Sure-win Businesses and Smart Card

Dear Maggie,

In order to understand sure-win businesses and Smart Cards, we need to first understand the following:

(1)        A Government must increase its money supply in order for its citizens to get wealthy as a whole.  If there were no increase in the money supply, the only way will be via redistribution.  In redistribution, if one gets richer, someone must get poorer.
(2)        However, this increase must be carefully controlled to avoid excessive inflation. The increase in money supply must be in step with the increase in meaningful economic activity.
(3)        Some Governments use Banks or other Financial Institutions to do this task for them.  A Government must be seen as just, fair and one section cannot contradict another.  This inflexibility in many cases will hamper successful implementation.

Once the above is understood, the concept of sure-win business and smart cards can be understood easily.

(1)        The sure-win businesses essentially receive some of the income from the controlled increase in money supply either directly or indirectly.  For example, in a model restaurant, there could be 24-hour monitoring cameras for the investors to have a glimpse of the business environment.  The income and expenses can be reported automatically daily.  The shareholders can vote on some of the decisions on-line.  The initial model can be developed with Government funds from the ‘increased money supply’.
(2)        The Government can own some shares in these model restaurants.  It can help to increase their businesses by issuing coupons for the Civil Servants to eat in such restaurants.  It can ask these restaurants to provide or deliver food to Old People’s Home etc.  The money essentially comes from the ‘increased money supply’.
(3)        The Smart Card essentially gives a bit of the ‘increase money supply’ to every citizen to buy approved goods and services.  The underprivileged can receive more.  This serves both as a safety net and a distribution of the ‘increased money supply’.  
(4)        If the Model Restaurants accept the use of the Smart Card as payment, their businesses will further increase.  The chance of creating ‘sure-win’ businesses will be very high.  The Government can then sell some of its shares to ‘absorb back some of the increased money supply’.
(5)        Such practices should not be over done.  It is a matte of coordinating the planning right hand with the market driven left hand.
(6)        The full model can be implemented in one or more selected cities first.  It is not the classic socialism or communism.  It is the new model of ensuring every one gets a piece of the new pie created with new technologies such as infinite lead-out-energy and flying saucers (or improvement on existing technologies or models).  

These economic concepts must be thoroughly discussed and understood by the econimists and the general public before actual implementation.  They can cure the present financial crisis as people are willing to listen to innovative ideas now.

Lawrence

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Lead-out-energy and flying saucers

Dear Maggie,

The lead-out-energy machines essentially solve the World Energy Crisis.  The lead-out-energy machines lead out gravitational or electron motion energy.  Such energy is pollution-free, virtually inexhaustible and available anywhere including outer space.  With infinite energy, the World can have infinite modern wealth – the quality and quantity of meaningful economic activities.

In the lead-out-energy from still air, we have the technology to reverse global warming.  Thus technology has come to the rescue once again.

The flying saucer technology essentially replaces all vehicles including cars, ships and airplanes.  If you use Internet Explorer, you can see the PowerPoint presentation slides at http://hk.geocities.com/winghang ... er.files/frame.htm.  The flying saucer can takeoff and land vertically.  It will not eject any hot gases.  It will not disturb the air as it does not use propellers.  It will likely replace the home as the most important asset of every family.  It is effective the home but it can fly anywhere including outer space.

The additional bonus of these two technologies is that China has an undeniable position.  The East will shine.  This will stimulate the citizens of China, India, Pakistan, Vietnam, Korea, etc.  The West no longer has the complete dominance in science and technology.  The World will re-examine every rule and regulation – in science and in economics.  The coming progress will be faster than any other period in human history.

Lawrence

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The flying saucer experiment

Dear Maggie,

Let me describe the prototypes or experiments that can be shared worldwide one-by-one.  The first one I would like to talk about is the flying saucer prototype provided by Mr. Lee Cheung Kin and team.  Mr. Lee sent the information out in an open letter to President-Elect Obama as soon as Mr. Obama had a commanding lead on November 4, 2008.  Mr. Lee wanted to ensure a spot in the expected scientific development of the flying saucer technology for him and his team.

The full PowerPoint presentation can be viewed in Internet Explorer - available in http://hk.geocities.com/winghang ... er.files/frame.htm.

The most important experiment is experiment001 in slide 3.  In this experiment, a rectangular container is placed on a flat, smooth surface.  In the middle of the container is an electromagnet that can repel two permanent magnets with equal mass at equal velocity towards the two ends of the rectangle.  One end is a hard, smooth surface.  The other end is a padded surface.  The net force is expected to move the rectangular container towards the direction of the hard surface.

That particular experiment is an absolute confirmation of the China Patent application 200510120813.5 with inventors Wini Woo, Bill Fong and Lawrence Tseung.  Mr. Lee Cheung Kin worked with his Military College Alumni friends in May 2008 and had a flying saucer prototype flying in a stadium in China at the last week in October 2008.  He is taking full responsibility for the demonstration, disclosure or publicity of that prototype.  He can be contacted in Hong Kong at (852) 2707 9729 or email: cheungkin331@hkbn.net.

Experiment001 cannot be wrong both theoretically and experimentally.  Yet some people raised the objection to reactionless drives or inertia propulsion.  They said that according to Newton's Third Law – action is equal to reaction; such inertia propulsion systems are impossible.

If you have connection with the Physics or Electrical Departments of Universities, please ask them to replicate experiment001 and publish their independent results.

Lawrence

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The flying saucer experiment

Dear Maggie,

Let me describe the prototypes or experiments that can be shared worldwide one-by-one.  The first one I would like to talk about is the flying saucer prototype provided by Mr. Lee Cheung Kin and team.  Mr. Lee sent the information out in an open letter to President-Elect Obama as soon as Mr. Obama had a commanding lead on November 4, 2008.  Mr. Lee wanted to ensure a spot in the expected scientific development of the flying saucer technology for him and his team.

The full PowerPoint presentation can be viewed in Internet Explorer - available in http://hk.geocities.com/winghang ... er.files/frame.htm.

The most important experiment is experiment001 in slide 3.  In this experiment, a rectangular container is placed on a flat, smooth surface.  In the middle of the container is an electromagnet that can repel two permanent magnets with equal mass at equal velocity towards the two ends of the rectangle.  One end is a hard, smooth surface.  The other end is a padded surface.  The net force is expected to move the rectangular container towards the direction of the hard surface.

That particular experiment is an absolute confirmation of the China Patent application 200510120813.5 with inventors Wini Woo, Bill Fong and Lawrence Tseung.  Mr. Lee Cheung Kin worked with his Military College Alumni friends in May 2008 and had a flying saucer prototype flying in a stadium in China at the last week in October 2008.  He is taking full responsibility for the demonstration, disclosure or publicity of that prototype.  He can be contacted in Hong Kong at (852) 2707 9729 or email: cheungkin331@hkbn.net.

Experiment001 cannot be wrong both theoretically and experimentally.  Yet some people raised the objection to reactionless drives or inertia propulsion.  They said that according to Newton's Third Law – action is equal to reaction; such inertia propulsion systems are impossible.

If you have connection with the Physics or Electrical Departments of Universities, please ask them to replicate experiment001 and publish their independent results.

Lawrence

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The flying saucer experiment

Dear Maggie,

I have not written scientific papers on this topic to scientific journals yet.  One of the reasons was the publication of the experiment001-experiment005 details.  Mr. Lee Cheung Kin sent the information to President-Elect Obama without previous consultation with members of his team.

The information could bring vast fame and fortune to him and team.  When there is such interest dangling in front of them, they need time to sort out what to do.

My personal goal is to benefit the world.  I already published the second slide with the stick figure sending two balls in opposite direction inside a spacecraft in various forums since 2006.  I encourage all interested scientists and engineers to do Experiment001.  It may even be standard textbook material in a few years.  Optionally, these scientists or engineers can email the information back to me at ltseung@hotmail.com or to my granddaughter forevermango_118@hotmail.com.

My personal belief is that China, USA and a number of Countries have already developed some form of man-made flying saucer based on similar principles.  Some of the UFO sightings are real.  However such information is kept as top-secret as the military significance is high.  The flying saucers can potentially wipe out all planes, missiles, spaceships etc.

However, if every Country, every University and every Research Institute knows Experiment001, there is no secret any more.  China, USA and other Countries may then release the information to benefit the World.

Lawrence

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The flying saucer experiment

Found this from gilles.charles@univ-orleans.fr

http://hk.youtube.com/watch?v=anYxNitcrm0

Looks like some person at the Orleans University in France has done a similar experiment as Experiment001.

I shall contact him for additional details.

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The flying saucer experiment

Dear Maggie,

I know about the Nanjing UFO video.  It is much more sophisticated than the present Lee Cheung Kin prototype.  According to Mr. Lee, that craft was produced by students in a Military School.  That craft was supposed to be a military secret.  It already used lead-out-energy.

It is my strong belief that China, USA, Japan and some other Countries already produced some sort of flying saucer.  With the discovered youtube video by the French scientists, Experiment001 is basically confirmed.  The device in the video does not use padding but it uses pulsing forces.  Look at it again carefully:
http://hk.youtube.com/watch?v=anYxNitcrm0

Lawrence

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Lead-out-energy machines

Dear Maggie,

Please study the presentation slides section in http://hk.geocities.com/winghang20022002/

Ask questions after you have finished your study.  Treat the exercise as if you were at university getting ready for your final examination.

You may also find much background information in http://www.overunity.com in the Lee-Tseung lead out theory thread.  But you have to filter out much junk in that forum.

Lawrence

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Lead-out-energy and flying saucers

Dear Maggie,

The most famous lead-out-energy machine in China is probably the Wang Shenhe Electricity Generator.  The details are in http://www.energyfromair.com/beijing/wang3a.htm.

A rotating prototype can be seen at http://www.dsk.cn.

I am arranging a private demonstration of that device in Shenzhen in the coming weeks.  I plan to have pictures and videos of that demonstration published.  

When we put the lead-out-energy machines generating electricity on the flying saucers, the world will undergo both an energy and a transportation revolution.

We are living in an exciting world.  You are witnessing it.

Lawrence

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