Waken Up Lions

Central District, Hong Kong

#230 Jan 25, 2014
How can an average Citizen take advantage of Mutual Credits?

Mutual Credits is about Government Currency Swaps in two-way trade or investment. It will require:

(H) Model farm, model village, model town, model city developers. The fastest way to develop the eco0nomy is replication. With advanced remote monitoring and control technology via the Internet, restaurant, retail, service chains can be quickly replicated.

Farms may vary with the climate, soil and other conditions. For example, in African Countries, there may be enough sunlight to make solar energy a much more significant factor. The models can be joint projects started at academic institutions.

Once the models are in place, getting the developing Nations on track for fast GDP growth will not be a problem.

One World, One Dream.
Waken Up Lions

Central District, Hong Kong

#231 Jan 25, 2014
How can an average Citizen take advantage of Mutual Credits?

Mutual Credits is about Government Currency Swaps in two-way trade or investment. It will require:

(I) Property Developers. Hong Kong is famous for its skyscrapers and much of the wealth generated is via property development. A private development Company can approach the Government and propose to develop a piece of property. Once approved, much Meaningful Economic Activity and wealth is generated.

In China, one of the growth engines is property development. A piece of farm land has limited value. Once it is approved for development, its value sky rockets. Alternatively, the Government outlines the plans for development and private developers bid to get different pieces of action.

A similar thing will happen in many of the developing countries. Many jobs and Meaningful Economic Activities will occur in this sector. Most of the labor force will be local.
Lion W

Central District, Hong Kong

#232 Jan 25, 2014
Dear Waken Up Lions,

I think that you have proven your point. With Mutual Credits, a Country can expand its Meaningful Economic Activity base beyond its borders.

For example, Farming is not viable in Hong Kong. The land is too valuable. The revenue per acre is much too small compared with property development. However, farming in an African Nation may be very profitable. Hong Kong can develop advanced farming techniques and models to be applied to the African Nation. The variety of jobs and Meaningful Economic Activities are greatly expanded.

Capital is not a problem. Knowledge is the key. Mutual Credit Arrangement will encourage the African Nation to accept Hong Kong to invest and develop the farming industry together.

One World, One Dream.
Waken Up Lions

Central District, Hong Kong

#233 Jan 26, 2014
How can an average Citizen take advantage of Mutual Credits?

Mutual Credits is about Government Currency Swaps in two-way trade or investment. It will require:

(J) Calm, Mature, Old Heads to act as think tanks. Since Mutual Credits extends the scope of Meaningful Economic Activities to beyond the Country Borders, the Countries need great thinkers and observers. Many retirees do not have the physical strength to do laboring work but they have time to think.

They can contribute via discussion forums without leaving the comforts of their home.(Waken Up Lions are examples.) They can take or ignore insults. They have much world experience and are less likely to fall into temptation…..
Rich Man X

Central District, Hong Kong

#234 Jan 26, 2014
Can you talk about the possible disadvantages of Mutual Credits?
Economist 333

Central District, Hong Kong

#235 Jan 26, 2014
(1) The first disadvantage of Mutual Credits is that it directly threatens the role of the US Dollar. The US Government will not sit idle. It will fight back.

The fighting back will take many forms. The one thing I worry most is WAR – war with Japan.
Economist 333

Central District, Hong Kong

#236 Jan 26, 2014
(2) The second disadvantage of Mutual Credits is that it is too easy. Some Government Officials will use the Swapped Money for personal gain (corruption). Since the average Citizen is not directly affected, there will be less complaint. Such practices might be tolerated and become wide-spread.

Government Officials may focus working more on their own benefits than on the benfits of the Citizens.
Economist 333

Central District, Hong Kong

#237 Jan 26, 2014
(3) The third disadvantage of Mutual Credits is that it lacks academic backing. When it is promoted as an economic atomic bomb that will wipe out IMF and World Bank, there would have been hundreds if not thousands of academic papers and analysis.

Until that happens, Mutual Credits is only an interesting idea.
I can read

Edinburgh, UK

#241 Jan 27, 2014
Another feast of spam to make sure nobody in the West reads that well over 60% of people in Hong Kong voted for less control from Beijing and they had the exact opposite imposed on them by their oppressors in the CCP.
Waken Up Lions

Central District, Hong Kong

#243 Jan 28, 2014
China is now the largest trading partner of Taiwan.

No need to use military force for effective unification.

Soon there will be large Mutual Credit (Currency Swap) agreements. Citizens can already travel in both directions.
I can read

Edinburgh, UK

#245 Jan 28, 2014
Waken Up Lions wrote:
China is now the largest trading partner of Taiwan.
No need to use military force for effective unification.
Soon there will be large Mutual Credit (Currency Swap) agreements. Citizens can already travel in both directions.
More spam to make the evil CCP look better.

The truth is that while many in Taiwan want reunification, pretty much none of them want to surrender all their freedoms to live under the oppression of the CCP.

China could be reuinified tomorrow, they just have to get rid of the CCP today.
Economist 333

Central District, Hong Kong

#246 Jan 28, 2014
(4) The Fourth disadvantage of Mutual Credits is that the poorer Country may depend too much on the richer country.

I have been to Africa. One difference in the average African Citizens is the attitude. Chinese always want to better their living standard. They work longer hours; learn and use the latest and best technology; give up leisure time etc.

Most Africans are content to earn enough to get by. They value their leisure time; their singing etc more.

An example is raising chickens. An African chicken farmer is content to have a few dozen chickens living within his hut. A Chinese chicken farmer in Africa raises thousand of chicken in a specially built farm; hires workers; pays attention to hygiene and disease control etc.

It needs a mind-set change for the African Nations to rapidly develop. Doing everything for them will be a dis-service!
Economist 333

Central District, Hong Kong

#247 Jan 28, 2014
(5) The fifth disadvantage is the likelyhood of raoid inflation. When money is cheap, goods will be more expensive.
Waken Up Lions

Central District, Hong Kong

#248 Jan 28, 2014
Economist 333 wrote:
(5) The fifth disadvantage is the likelyhood of raoid inflation. When money is cheap, goods will be more expensive.
Thank you for sharing your insight. The economic atomic bomb must not be taken lightly. Many planning, monitoring and control mechanisms must be established first.....
Waken Up Lions

Central District, Hong Kong

#249 Jan 28, 2014
Are the Chinese Economists - with the "feeling the stones to cross the river method" - better in analysis than the Western Counter parts relying on the education from top Universities?
I can read

Edinburgh, UK

#251 Jan 29, 2014
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60%+ voted against Beijing last time and they still had a government imposed upon them by the evil oppressors.
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CCp = evil
Waken Up Lions

Central District, Hong Kong

#253 Jan 29, 2014
If you google Currency Swap or Mutual Credits, the explanations do not cover what you described here.

Dear Lion T,

Thank you for your google search.

The Mutual Credit we described here is indeed different from the explanations in the Google search. It means that the concept is very new and not commonly accepted yet.

If so, we can be the first ones to introduce a great concept to the World. A group of retired old folks with poor eyesight, bad hearing, shaky hands can lead the World!

God Bless.
I got it

Central District, Hong Kong

#254 Jan 29, 2014
The entire discussion here can be boiled down to the following:

(1) Modern Wealth is the quality and quantity of Meaningful Economic Activities.
(2) A Country must increase its money supply or currency for its citizens to become wealthy. The rate of increase must be in step with the rate of increase in Meaningful Economic Activities.
(3) Country X can give some of its currency to Country Y so that Country Y can increase the Meaningful Economic Activates at Country X and vice versa.
(4) Meaning Economic Activities may vary with time and development. They normally include food, clothing, housing, transportation, entertainment, education etc.
(5) Nowadays, Meaningful Economic Activities may include access to Internet; building infrastructures; owning a mobile phone etc.

Economics is elementary. Amen.
Economist 333

Central District, Hong Kong

#255 Jan 30, 2014
I got it wrote:
The entire discussion here can be boiled down to the following:
(1) Modern Wealth is the quality and quantity of Meaningful Economic Activities.
(2) A Country must increase its money supply or currency for its citizens to become wealthy. The rate of increase must be in step with the rate of increase in Meaningful Economic Activities.
(3) Country X can give some of its currency to Country Y so that Country Y can increase the Meaningful Economic Activates at Country X and vice versa.
(4) Meaning Economic Activities may vary with time and development. They normally include food, clothing, housing, transportation, entertainment, education etc.
(5) Nowadays, Meaningful Economic Activities may include access to Internet; building infrastructures; owning a mobile phone etc.
Economics is elementary. Amen.
Dear I got it,

Well said. That is the secret of "cross the river by feeling the stones". China prints its currency to get its citizens wealthy. It swaps its currency for win-win. China can handle any World FInancial Crisis. Growth at >7.5% for the next 20 years possible.....
Waken Up Lions

Central District, Hong Kong

#256 Jan 30, 2014
Economist 333 wrote:
<quoted text>
Dear I got it,
Well said. That is the secret of "cross the river by feeling the stones". China prints its currency to get its citizens wealthy. It swaps its currency for win-win. China can handle any World FInancial Crisis. Growth at >7.5% for the next 20 years possible.....
Dear Economist 333

It looks China can do two things:

(1) Create many models and replicate them within China. Increase the money supply to motivate its citizens to take advantage of such models.

(2) Ensure supply of raw material via many Mutual Credit or Currency Swap agreements. Promote One World One Dream.

The increase in Meaningful Economic Activities can still be planned at whatever percentage the computer models predict as most appropriate.

Ignore the insults or sugar poisons. NO wars.

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