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China tries to limit the impact of global financial crisis

Open Letter to President-Elect Obama

I like the analysis:

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Let me simplify the steps so that we can have a meaningful discussion.  The following simplified steps bring out the root of the problem.

(a)        The Federal Reserve Bank creates Money.
(b)        The money is passed to private banks.  These banks can further magnify the money by leverage – loan out more than they receive in deposits.
(c)        Since banks earn interest from thin air, it is to their advantage to loan out as much as possible.
(d)        The Federal Reserve Bank and the private banks created too much money over the years.  If the money were used to buy real goods and services, the price of such goods and services will go sky-high
(e)        Some guys in Wall Street thought up derivatives and helped to create the biggest casino in the World.
(f)        The banks sell and buy the derivatives with no real assets.  The excess money found a way to circulate without causing huge inflation.
(g)        With no sensible Government monitoring, some guys in Wall Street extended the madness into the mortgage market.
(h)        They loaned to individuals without vigorous checking.  The assumption was that the property prices would go up.  If the individual failed to pay, the real estate would have value.  The banks could sell such property.
(i)        To improve liquidity, the mortgage was packaged into financial instruments and sold as grade A assets all over the World.
(j)        The mortgage companies and banks could loan out more and earn more interest from thin air.  The derivative financial papers inflated the value so much that selling the underlying assets will not get the paper buyers any significant money.
(k)        The bubble eventually burst.  USA real estate prices stopped going up and started falling.  Many investors and homeowners defaulted.  The so-called grade A assets lost value.
(l)        Some of the largest mortgage companies, Investment Banks and Savings Banks started to collapse.  The George Bush Government did not see the danger immediately.  They allowed some of these so called trusted financial institutions to fail.  That caused panic Worldwide.  Even the Hong Kong citizens lost billions in the Lehman Brother Papers.
(m)        Many banks sold and owned many financial papers.  They became reluctant to loan and got worried about their own survival.  Many also issued similar derivative based financial papers.
(n)        Once Banks became reluctant to loan out money, many legitimate businesses suffered or collapsed.  This is how we got into the present financial crisis.

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This is the clearest explanation of the cause of the financial crisis I have read so far.

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Open Letter to President-Elect Obama

Dear ltseung888,

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

If not, what are the alternatives?

Maggie

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Sure-win Business and Smart Card

Dear Lawrence,

I find the concept of sure-win business and smart cards intriguing.  They are described somewhat in http://www.energyfromair.com/thebook.htm.

However, I still do not understand how they can be implemented?  Do you think that they are the right medicine for the present global financial crisis?

Maggie

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Lead-out-energy and flying saucers

Dear Lawrence,

Thank you for explaining sure-win businesses and smart cards.  Both are bold and innovative concepts – yet they sound logical.  At least the economists will have something interesting to discuss.

Can you elaborate on your last point of how lead-out-energy machines and flying saucers change the World Economy?

Maggie

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Lead-out-energy and flying saucers

Dear Lawrence,

I have read the ebook in http://hk.geocities.com/winghang20022002/.  Your story is interesting and there are many innovative suggestions.

Are you getting support from the Chinese Universities on the theory of lead-out-energy machines and flying saucers?

How about the Western Universities?  Do you need help in getting the Western Universities to examine your material?  I can activate the Old Girls’ network in England and USA if you do not object.

What are the experiments or prototypes you can bring to USA if there is sufficient interest?  I am in Los Angeles.

Maggie

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The flying saucer experiment

Dear Lawrence,

Experiment001 looks simple enough.  My University training tells me that it is scientifically correct.  Newton’s Third Law was never violated.  I would like to hear more from those raising such objections.

I shall be glad to pass the information on Experiment001 to my old girl's network and to some University Professors I personally know.

Have you written scientific papers on this topic to scientific journals?  The peer review process will give it more weight?

Maggie

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The flying saucer experiment

Dear Lawrence,

Thank you for your posts related to the flying saucer.  The youtube video appears to be Experiment001+Experiment002.  It looks simple enough to replicate.

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

Is the Lee and team prototype a larger scale version that can generate enough force to hover and fly?  If so, what is the military secret?

Maggie

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The flying saucer experiment

Dear Lawrence,

I also found this on youtube:

http://hk.youtube.com/watch?v=wkkwRmSIR9k

What is your opinion on this UFO in Nanjing?

Maggie

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Lead-out-energy machines

Dear Lawrence,

Now I understand the flying saucer technology.  It is not complicated at all.  

Please explain the lead-out-energy devices.  I am particularly interested in the USA 225 HP Pulse Motor.

Maggie

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Lead-out-energy and flying saucers

Dear Lawrence,

If you can bring both the Wang electricity generator and the Lee Flying Saucer to USA, I am sure that you and your team will have great publicity.  The USA Press will love them.  I can see the reason for the Open Letter to President-Elect Obama now.

You already have the theory.  It is just a matter of seeing the working prototypes.  I can smell the military and power significance.  The Nation that masters such technologies first will be the leading Nation in this world.  No wonder that politics and paid debunkers will appear.

Continue the good work.  You have my support.  You will soon have the support of my old girls’network.  Demonstrate the two above prototypes and the World will be behind you.  Nothing can stop you then.

Maggie

[ Last edited by MargaretLo at 18-11-2008 04:40 ]

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Flying Saucer

Dear Lawrence,

I have read some of the discussions related to the flying saucer in overunity forum.  What is the argument on Experiment001 about? http://hk.geocities.com/winghang ... er.files/frame.htm.

The first step is repulsion of two identical magnets by an electromagnet.  They will travel with high velocity in equal and opposite directions.  That is a simple case of Newton's Third Law (Action = Reaction).

The next step can be separated into hitting the top and the bottom surfaces.  The magnet hitting the top padded surface will exert a force F1 given by Newton's Second Law (Force = mass x acceleration or Force = rate of change of momentum).  With the padded surface, the time taken to bounce the magnet back is longer.  Some of the energy is absorbed and dissipated.  The bouncing back velocity will be lower.  Thus the Force F1 must be less than F2.  F2 assumes an elastic collision with the magnet bouncing back after hitting the bottom surface.  The net force on the device F3 must be (F2 – F1) and in the direction of F2.

This is basic Physics.  The device will move in the direction of F2 or the unpadded surface.  The experimental result must prove the above theory.  Just do the simple experiment.  Why make things more complicated?

Maggie

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Flying Saucer

Dear Lawrence,

I am quoting your post in the overunity.com forum:

The full experimental001 details are:

(1)   Use similar coil and magnets as shown in your (Tinselkoa) video.  http://www.youtube.com/watch?v=524n9DeyLRg)
(2)   In the transparent tube, put in the two permanent magnets and separate them physically as in the Experiment001 diagram.
(3)   On one side of the tube, put in padding material – cotton wool will do.  Fill about one third of that part of the tube.
(4)   Place the tube on a smooth, level table.
(5)   Pass direct current as a single pulse so that the polarity of the magnets and electromagnets are as shown in Experiment001.
(6)   Video the experiment and carefully mark the direction of motion of the tube.

You and I both know the result.  It will be in the direction towards the unpadded surface.  In China, I know that the professor at Tsinghua University and the Lee Cheung Kin Group have done that.  Post on this forum if you have any doubts on the experimental setup.  Lee Cheung Kin is looking for publicity before the demonstration to President Obama with the full flying saucer prototype.


Is the movement in the direction towards the unpadded surface sufficient to prove your flying saucer theory?

Maggie

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Flying Saucer

Dear Lawrence,

Are you saying that Tinselkoala and others may have been misled by the Power about the cave?  His understanding or explanation of Experiment001 is wrong.  

He already knows the Experiment001 result – the device will move towards the direction of the unpadded surface.

Few forum members are like Lee Cheung Kin and team – spend months improving Experiment001+Experiment002.  Tinselkoala does experiments for others for a living.  I doubt that he will spend the time and resources to complete and improve Experiment001+Experiment002.

Maggie

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Flying Saucer

Dear Lawrence,

I am thinking about your Experiment001+Experiment002:

The detailed specifications are:
(1)   Wait until Experiment001 is done and confirmed.
(2)   Program the DC current so that after the first strong pulse, there is a weak pulse attracting the two magnets back to the initial position of Experiment001.  
(3)   The weak pulse should not cause much motion of the tube.
(4)   Repeat Experiment001+Experiment002 so that a steady pulse force will move the tube in the direction of the unpadded surface.
(5)   Put the tube to a compression scale so that you can measure the pulse force exerted.
(6)   Modify the padding and pulsing mechanism so that a long, steady and strong pulse force can be measured.  (The cotton wool will be pounded and lose its texture after a few thousand pulses.)
(7)   Keep improving (6) until the net pulsing force is greater than the weight of the tube and the magnets.


Does that mean the pulse rate is important?  How is it related to the resonance frequency of the device?  Does it require physical collision of the magnets with the surfaces?

I can see that this is an exciting time for the Chinese and other scientists.  They are going to have fun.  The Experiment001 to Experiment005 are so easy that almost any Country can do them.  If Lee Cheung Kin and team can build the prototype within 6 months, these Countries will be able to do the same or better in a shorter time.  The transportation revolution is inevitable.

I can understand why Lee Cheung Kin was so keen in sending the Open Letter to President-Elect Obama.  He and his team will have a place in history.

Maggie

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Flying Saucer

Dear Lawrence,

I found your following post in the overunity.com forum:

(1)        Remote control car in Normal Operation
http://hk.youtube.com/watch?v=aJqC-HdP2qE

(2)        Remote control car in a Box
http://hk.youtube.com/watch?v=M210ayvq5ys

The comparison experiments above are to determine whether a propulsion system based on unbalanced internal forces can be built.  In (2), the forward motion was increased quickly to the maximum so that it will hit the surface with maximum velocity.  The backward motion was increased slowly so as to get back to the starting position inside the box.  

This crude experiment done by Ms. Forever Yuen and team is not a replacement for Experiment001 but it is a ‘quick and dirty’ experiment showing that the work is worthwhile.  The possibility of a propulsion system based on unbalanced internal forces is there.


I can understand that while the simple experiment is not conclusive, it does indeed indicate that a propulsion system based on unbalanced internal forces is possible.  This line of research should be explored further.  Experiment001 is the much more direct conclusive proof.  It is a pity that Tinselkoala cannot setup his equipment to do it.

Maggie

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