Wall Street's Day of Reckoning

Wall Street's Day of Reckoning

As promised.

The Great Wall Against Wall Street -- How To Prevent The American Depression From Reaching China?

PART II. How Great Wall of China can be used to defend against failing Wall Street & its ideology?

Jordan C. Fan

(1) The Chinese government should nationalized or expel foreign companies such as Walmart. The business and employment practice of those companies must be frown upon by the Chinese government and people. The products & services of some of those companies must be boycotted by Chinese.

(2) All non-Chinese foreigners must be restricted or expelled from China because they are false indoctrinating the Chinese people. The main purpose of those foreigners were to mislead Chinese to prevent them from success and getting wealthy. Many foreigner are trying to create Chinese minorities uprising such as Tibetans to destabilized the government and take advantage of their crisis. Others are simply spies from other nations. Yet many simply trying to take away the already limited jobs from hardworking Chinese.

(3) The Chinese government must now redeem their enormous holding of U. S. Treasury Bonds and Bills because the American dollars are falling very quickly against the yuan due to inflation and economic downturn in the United States. The alternate investment for the government should be valuable and collectable items such as gold/silver coins, precious metal ingots, old currencies, antiques, historical objects & documents, books, postage stamps, designer jewelry, and furniture. Most importantly hire highly intelligent people with special talent and abilities. After cataloging and arranging those collectable items the government can then auction & sell them to the Chinese people to generate cash for more purchases.

(4) The Chinese economy should begin to slow down gradually without causing drastic downturns. Their exports should be concentrated on newly developed Asian, Australian, European and South American countries. Especially those petroleum, metal and other natural resources producing nations such as Russia. Chinese should avoid doing business or depending economically on the United States.

(5) The Chinese government should devote most of its money and resources in educating their people. The world’s most intelligent scientists & teachers in the world must be seek out, to become professors and teachers in universities & local schools.

(6) China should now demand foreign countries to return all archaeological, antiques & other valuable items which were stolen or acquired illegal/unfairly from China especially those before Liberation. Cash and gold/silver that were paid by Chinese during the nineteenth & early illegal & unequal treaties during twentieth century must be repaid back to China with interest.

(7) Environment Conservation. Since there are little wilderness or natural resources left in China and the world. China should again slow down its industries & construction of manufacturing facilities. Wildlife and plants must be strictly protected turned into Chinese national parks.

The Great Wall Against Wall Street -- How To Prevent The American Depression From Reaching China? PART II

The Great Wall Against Wall Street -- How To Prevent The American Depression From Reaching China?

By: Jordan C. Fan, Prophet Of Environment.

PART II. How the Great Wall of China can be used to defend against the failing Wall Street and American ideology?

(1) The Chinese government should nationalized or expel foreign companies such as Walmart. The business and employment practice of those companies must be frown upon by the Chinese government and people. The products and services of some of those companies must be boycotted by Chinese.

(2) All non-Chinese foreigners must be restricted or expelled from China because they are false indoctrinating the Chinese people. The main purpose of those foreigners were to mislead Chinese to prevent them from success and getting wealthy. Many foreigner are trying to create Chinese minorities uprising such as Tibetans to destabilized the government and take advantage of their crisis. Others are simply spies from other nations. Yet many simply trying to take away the already limited jobs from hardworking Chinese. Regardless of what their actual purpose, most are in China for false intentions.

(3) The Chinese government must now redeem their enormous holding of U. S. Treasury Bonds and Bills because the American dollars are falling very quickly against the yuan due to inflation and economic downturn in the United States. The alternate investment for the government should be valuable and collectable items such as gold/silver coins, precious metal ingots, old currencies, antiques, historical objects and documents, books, postage stamps, designer jewelry, and furniture. Most importantly hire highly intelligent people with special talent and abilities. To facilitate the collection and authentication of such collectable items the government should recruit large numbers of connoisseur and auction experts from shops worldwide and in on-line auction and sale groups. After cataloging and arranging those collectable items the government can then auction and sell them to the Chinese people to generate cash for more purchases.

(4) The Chinese economy should begin to slow down gradually without causing drastic downturns. Their exports should be concentrated on newly developed Asian, Australian, European and South American countries. Especially those petroleum, metal and other natural resources producing nations such as Russia. Chinese should avoid doing business or depending economically on the United States.

(5) The Chinese government should devote most of its money and resources in educating their people. The world’s most intelligent scientists and teachers in the world must be seek out, head hunter style, to become professors and teachers in universities and local schools.

(6) China should now demand foreign countries to return all archaeological, antiques and other valuable items which were stolen or acquired illegal/unfairly from China especially those before the Liberation. Cash and gold/silver that were paid by Chinese during the nineteenth and early illegal and unequal treaties during twentieth century must be repaid back to China with interest.

Any refusal should result in arm confrontation.

(7) Environmental protection and resource conservation. Since there are little or no wilderness or natural resources left in China and the world. China should again slow down its industries and construction of manufacturing facilities. Wildlife and plants must be strictly protect. Many scenic or wildlife area should be protect and turned into Chinese National Parks for our next generations and children to enjoy.

If all my recommendations and theories are put into practice, China and people will enjoy safety and prosperities in the 21 Century.

The Great Wall Against Wall Street -- How To Prevent The American Depression From Reaching China?

The Great Wall Against Wall Street -- How To Prevent The American Depression From Reaching China?

By: Jordan C. Fan, Prophet Of Environment.

PART I. Economic Situation In the U. S. A.

The Wall Street is currently continuing its drastic collapse and there is no light can be seen at this tunnel to Hell. Much of the U. S. economic problems are related to their current election. The economy of China is currently also at risk since China is very dependent on goods to beexported to the United States. The following are my perspective to the the current economic situation Worldwide. My main purpose is to isolate China from this crisis rather than solving our World’s economic problems.

(1) The current stock market collapse may be artificial which was cause by Blacks who want to create sight of economic downturn to force Americans to elect Barack Obama for a solution of their problems. Small investment groups of minorities could short sale in the stock market to bring about drastic Wall Street collapse.

(2) The U. S. housing could be caused by Black who might have relocated to other states and live with relatives and friends to generate favorable electoral environment and vote counts according to percentages of state population. This is to help Obama in their election. So there is a possibility that the housing crisis could be resolved after the election.

(3) The housing crisis was cause by the White people also for favorable election outcomes in a particular state. This is similar to situation number (2). In general, the American political system is now proven to be a great failure which has and will continue to affect the well being of Worldwide economy for long term. Whenever there is a election, one side always need to create economic downturn to blame on the incumbent government. Also, a change of governing party will create instability and insecurity to invite terrorist attacks such as the September 11, 2001 disaster. The U. S. should adopted new form of political system and learn from the Chinese before it is too late. Communism Chinese style is the best form of political system.

(4) On the other hand, the American economic crisis could be real and there will be no solutions in sight and the Great Depression II is imminent. So Environment help us!

PART II. How the Great Wall of China can be used to defend against the failing Wall Street and American ideology?

(1) The Chinese government should nationalized or expel foreign companies such as Walmart. The business and employment practice of those companies must be frown upon by the Chinese government and people. The products and services of some of those companies must be boycotted by Chinese.

(2) All non-Chinese foreigners must be restricted or expelled from China because they are false indoctrinating the Chinese people. The main purpose of those foreigners were to mislead Chinese to prevent them from success and getting wealthy.

Credit and Housing Crisis.

I would like to bring this comment to the attention of Mr. Zuckerman, Editor-in-Chief.

The thought occurred to me that we could fill up the many empty houses we have in this country by offering a "green card" to any immigrant (in good standing; i.e. no criminal record---other than being here "undocumented") who will buy a house!

This could also apply to persons now outside the country who want to come here.

Mr. Zuckerman: Please use your good offices and your political connections to promote this idea.

Buy a house---get a green card! I think it would really help.

Mr. Zuckerman, thank you for your attention to this matter.

Thank you and best regards, Kurt F. Frank (U.S. News Subsriber).

The monetary system

Abraham Lincoln's money solution

As a scientist, I am disappointed with people in the field of economic for not developing a clear, testable, hypothesis that explains the money crisis. The hypothesis should start with the most fundamental unit of the monetary system: money.

The basic questions are, “Who issues or creates the US money supply?” and “What effect does the answer have on the economic system?”

The two legal sources of money are the US government and the privately owned Federal reserve and the member banks that comprise the system. Although the US government has the authority to issue money in all form, as it did during the Civil War in the Lincoln Administration, today it issues coins only. The Federal Reserve and its member banks issue or create the remainder of the nations money (about 99.5%of the nation’s money) as the principal of government bonds and private loans.

So, the entire M3 money supply, with the exception of coins, is created as debt, money equaling debt, essentially.

Loan contracts specify that the debt must be repaid with interest; but no one issued or created the money to pay the interest; therefore, fulfilling all of the loan contracts is impossible to fulfill, when regarded as a collective whole including all bonds and loans. When the banking system repeatedly originates new loans, creating money to service old loans, keeping the system from self destructing, growing a pyramid of debt; the system is operating as a pyramid or a Ponzi Scheme. Foreclosure is an inherent consequence of such a monetary system. No amount of regulation, oversight or tinkering will eliminate the structural flaw in the system.

The alternative is to use the system initiated by Abraham Lincoln and formalized by the Supreme Court, having the US treasury issue the nation’s money supply in all its forms.

A comparison of the two monetary systems shows: both can lend money into the economy at interest; but only the Treasury can create and spend money directly into the economy, funding needed programs and projects, increasing the money supply as the population grows, supplying the economy with extra money to pay the interest on loans and bonds; and only the government can use taxation to fine-tune the money supply, creating a stable currency and a sustainable economy.

Bail Out

Obama is now making Marxist speeches about the evils of capitalism. But America is only a quasi-capitalist country, so how can you blame capitalism? The last thing we need is more government meddling, but since the Fed played a part in screwing things up, they should have to play a part in fixing things. Only fake-capitalists don't want a government bail-out, I, as a capitalist, insist the government clean up the mess it helped to create. You can't just have the Fed interfere in the capitalist process when times are good, and run away when times are tough.

wall street

Once again we can trail this to failed Clinton Policy's. Mr. Greenspan is also to blame for this mess. The idea that you can create a govt. program, be it welfare, sub-prime market. The one thing you can always expect is fraud. And even when it was known that the mortgage bundles where fraudulent. No one intervened just as with welfare. And this is a prime example of what we can expect from a govt. sponsored health care program. On the salary of ceos is a state and shareholder issue. The state incorporation laws have allowed the creation of this situation. And the Feds. should only deal with the company's that chose to sell their bad debts to new RTC being created.

Bail Out

Excelent show this week!

I agree with the first poster completely. Everyone keeps saying it will be catastrophic if we don't bail out these institutions. What if we didn't?

People took risks, let them suffer the consequences. Are we for free markets or not? It's too easy for politicians to band-aid over the problem (in time for elections).

I'm completely outraged at the thought of all this bad debt being thrust upon the taxpayers while letting those who screwed up walk away. And please don't let "homeowners" holding bad mortgages be bailed out too!

This whole thing has been a real eye-opener WRT how the government is so predisposed to bail out the financial markets but "not so much" for other area of economic importance to the US such as energy, education, mfg, health care. I could get behind a $1T education infusion (imagine that!), but not this.

R Farmelo

Engineer

Roseville Ca.

Bailout

This proposal is blatently too much, too fast, too important.

Paulson alleges the whole system will come crashing down if his proposal to save the bank sinners amounting to $700 billion is not enacted by next Friday. Really?

Bush currently has an approval rating hovering about 30%, Congress is about 17%. We should trust these nin-compoops to saddle us with additional humongous debt without adequate examination? One must remember that if Paulson's plot is enacted, all the banks will be relieved of their greed laden bad loans so they can "get back to business as usual"? I don't think that's a good idea!

How about increasing lender's equities rather than relieving them of debt? Let them, with LOTS of regulation, work their way out of all the bad loans THEY created!