mm when the sub-prime crisis to change the world What is the significance?
when the ice: the sub-prime crisis on the world's most immediate change is that the distribution of wealth patterns, both powerful players in the current human wealth accumulated over the years looted, including the distribution of wealth for the future system , to change the rules of distribution of wealth mm which means that in the future a long period of time, the impact of the subprime crisis will continue, continue.
my king the wealth of system security.
resources for the significance of China, mainly in three aspects:
First, the reduction of wealth. the gold standard was abolished after the notes to represent the symbol of wealth, some strong currency (such as U.S. dollars) to replace Gold, the world's most important currency of settlement and reserve currency, but because of banknotes out of the maximum physical limit, the right to control the currency by those who have an instinctive desire of wealth looted junk notes. After the subprime mortgage crisis , both the United States, Europe, Japan, are the currency through the spam to promote the economy out of crisis, China is no exception, however, because the RMB is not an international currency, the National Competition as this rescue the biggest victims. resources are the most real wealth, can effectively avoid the hard-earned money spamming people due to evaporation.
Second, the guardian of wealth. At present, the world economic integration process has advanced to the you in me I have your point, wealth was powerful players in the way to more and more predatory. Therefore, I am World without dispute, even guard their wealth and refused to leave, it can not ensure that the wealth created by their hard not to be plundered. bitter guard to live his own wealth.
is for two main purposes of natural resources.
Third, to enhance the value of their wealth. technology is to enhance the value of the wealth itself, the most important tool, a product After being given a certain technology, its value can be several times or even several times, the times to improve. In this case, the technology has not only indirectly with some of the features of money, but also from the perspective of purchasing power, technology purchasing power is more powerful, and therefore the most valuable asset.
subprime mortgage crisis in the context, the importance of technology in particular. We know that, although Japan has experienced a decade of recession, but still highest in the world the list of the three major economies, the key is to rely on technology, as if there is no technical support, this resource is extremely scarce in the island, the economy has collapsed long ago. technology to make up for the shortcomings of its natural resources.
2. Q: You said, is a fire sale of wealth. Now, our country, the biggest problem is not the resources to reserves, but to prevent resources from being wantonly fire sale!
fire sale of wealth in China is very serious and distressing situation. I, to do, Asian American Coal Co. mainland, only $ 30,000,000, to have a value of nearly one billion Chinese state-owned coal mines mm Asian American Daning Energy Co. a controlling stake and management rights .2007 December, Asian American Daning Mine has just put into production soon, the foreign equity holdings of 56% of the total sale. orchids in your element, chairman He said: do not give us pay, so people feel bad! more serious is evident.
3. Q: You, for example, China does not pay attention to rare earth, coal and other resources of the reserves, but will focus on the dollar reserves, this is only because the short-sighted it? In addition to promoting the conservation of resources , reserve resources, awareness, China should do? If the problem is the system, but also how to improve?
when the Ice: I have repeatedly stressed in the book, as a typical representative of paper currency is bound to devalue the dollar , and dollar reserves is not only shortsighted, but also extremely stupid. It means not only the key to control of our wealth by the United States took, and even wealth by their holding. vigorously for buying U.S. debt, but is a form of nature and no different.
2009 年 5 12, Paul. Krugman told reporters in China made it clear that the U.S. dollar did not state the responsibility to save reserves. His words were: the judge, so the accumulation of foreign exchange reserves so large, I feel a little less consideration has now seen the results. then, when the accumulation of dollar depreciation of U.S. dollar have not thought of it? no good way now, and will certainly be a great capital loss, the Americans will certainly pay the debt, but these bonds with the U.S. also promised that if the depreciation of U.S. dollar and other currencies, then there is no other way, which was before the judge asked the U.S. to save errors hh too much foreign exchange reserves are reserves of the country, so demanded that the U.S. is not right. I think that China should give up this foolish act of foreign exchange reserves, but should be replaced with two: First, alternative reserve currency reserve in kind. Second, the huge amounts of money to invest in science and technology, improve the technological level and R & D in China capacity, improve the added value of our products, increase national income and national wealth accumulation. and then, through this accumulation of wealth, create and improve the social security system, activate the domestic demand, while domestic demand is the Chinese economy overall are living life.
4. Q: In your book you cite the United States, Japan's example, telling the reader how the two countries strong reserve resources, the development of high technology, then they apply to our practices do?
when the Ice: The United States and Japan are two different economies, there is a considerable difference, but in the great reserves of resources, the development of high-tech area, are doing exactly the same choices mm Japan and the U.S. is the world's few external dependence is lower than the technology 5% of the country.
the success of the United States and Japan itself, what it means? means, reserve resources and vigorously develop hi-tech these two options is not only important and forward-looking, and that is a universal significance, China, of course, can do.
in the increasingly accelerated pace of global economic integration today, China's natural resources or cheap, seriously lagging behind in the technical aspects of the current situation is disastrous consequences. China's awakening as soon as possible, and strictly mm absolute prohibition against fire sale of resources to support all aspects of science and technology R & D and investment, through the advancement of technology, improve, enlarge the value of the resource itself, the shadow of the Chinese nation out of crisis, to the students to realize national rejuvenation mm This is the way forward will be !
5. Q: You refer to the resource consists of two parts, in addition to mineral resources, we have just discussed, there are established on the basis of knowledge in high technology product development, training of technical personnel and reserves. This is both Which is more important?
when the Ice: Both are important, if you must choose one, then, the importance of technology to more than its mineral resources, resource-poor Japan has to be the case, the world's third largest economy body is the most obvious example.
Japan attaches great importance to R & D, from government to enterprises so. Japan has been trying, through science and technology development to solve the problem short-board resources. For example, the Japanese Ministry of Education decided to set aside from 2007 a special research funds to support the development of high-tech industry indispensable indium, platinum and other metals of the alternative materials, or to minimize the use of rare metals technology.
government attaches great importance not only in Japan also attaches great importance to new technology companies The new product research and development, economic strength is not very strong even to this very great importance of SMEs. Even in the case of the Japanese economy into recession, from 1995 to the present, Japan's R & D investment in GDP has been more than 3%, the ratio is the highest in the major developed countries. Moreover, Japan's R & D expenses 70% of their expenditures by private enterprises, the ratio is also higher than the United States, Germany, Britain and other developed countries.
It is this technology all the people all the good and positive atmosphere created in Japan under such an extreme shortage of resources, economic power. This is a miracle! gap and the struggle is also our goal!
6. Q: In your this chapter that the resources can be looted from the financial crisis, resources are the real wealth. in the context of the economic crisis, facing the The most reliable, most genuine currency mm resources resources (of course, the resource control must be humane rather than predatory, for example, the host country's environment, conserve resources, etc.).
in February 2005 and February 2008 of the world iron ore prices negotiations, Japan had the first significant increase of iron ore reached an agreement (in February 2005 is up 71.5%, in February 2008 rose 65%), and thus, the Chinese were forced to pay high import costs of iron ore. Why? Japan, 85% rely on overseas imports of iron ore, why does it willingly accept the high prices? the original, back in a few decades ago, to buy resources around Japan, and now, Japanese companies control the resources of iron ore has come (Japanese Mitsui Group to holding a share of 45,285,000 tons of iron ore, accounting for 7.87% of total world trade volume), it can obtain from the iron ore price rise huge profits! control of the resources make Japan as the iron ore prices to benefit the most direct who, when the role has been changing in Japan, when many people still remain in the understanding of the level of resource-poor Japan, which is very sad mm not only within its own country's resources are their resources ah!
course , to go out the acquisition of mining resources, China is facing the reality of the plight of the country where mining resources mm strong reaction and numerous restrictions. question is, why Japan can buy resources from around the world, China is not? Japan does not have trouble met all of China? because the Chinese investment in mining resources abroad enterprises are basically state-owned enterprises, have been taboo foreign vigilance and government background, and Japan to foreign investment enterprises are basically private enterprises. Therefore, we should possession of resources to the people, such as Japan to learn, and vigorously support the acquisition of resources for private enterprises to go abroad.
, we must also improve resource use efficiency and avoid waste of valuable resources, so that the limited resources to create more value.
To this end, China should support the full range of scientific and technological development, increase investment in science and technology to further increase protection of intellectual property for those who are active in R & D enterprise to be truly rewarded. This incentive mechanism, once formed, to National investment in science and technology can make a lasting and enduring passion for power.
In my opinion, the key is to have the natural thing. So I hope that policy makers, businesses and citizens, can attach importance to rich society and strengthening the objectives of harmony, and ultimately help us to eventually achieve the great rejuvenation of the nation.
on June 11, 2009
Appendix: My two recent events (Guqin performance + Investment Seminar)
First, Zhao Jiazhen students Guqin Concert (with photo show posters, original address in the
seen the movie The play, from my guqin teacher, the Central Conservatory of Music Professor Zhao Jiazhen. Professor Zhao Jiazhen have to 18 May, Professor Zhao Jiazhen held in the Beijing Concert Hall, Professor of more than ten years, but due to busy work, neglect of the piano, in order to force me to work hard, Zhao also printed my photos to posters, sweat ing, recently had mad reactive. Guqin bring quiet to help me dispel depression The most important force. recently read medicine, health overdraft serious, is nursed back to health, has insisted for some time how late at night is not tonight, then boil a careless. I hope one day to give up everything to follow the teachers wholeheartedly piano, to be far away from the hubbub of the farmer.
public nature of this concert performance is the lowest fare is only 10 yuan, up 100 yuan, less than usual Tickets Zhao tenth, intended to promote Chinese Guqin music, heritage national culture, has just started selling tickets already sold more than 8 percent.
performed following notice:
days Qin Zhao Jiazhen Voice of Arts student concerts
open the door to
listen to soothing music Tao Wen Daya
film . show the form of colorful, novel and unique arrangement, both the calligraphy and painting students live performances, qin solo, trio, ensemble, there are bow flute, Xiao Xun, clarinet, tambourine in Xinjiang, China and the Qin and Ming drums, etc.. concert tracks both There Guanglingsan, Meihuasannong, water and other traditional songs, there are spring, Qin Xiao cited, Deep in the Night (premiere) and other modern outstanding creative track. ancient qin songs across time and space to bring you a cultural tour of the Guqin, invited Guqin your site to listen to charm, personal understanding and experience the world intangible cultural heritage br> Host: Beijing Concert Hall Cultural Centre Guqin
Zhao Jiazhen Beijing Concert Hall Ticket Phone: 66057006 66055812
Beijing Concert Hall Website: www.bjconcerthall.cn
tickets in speech communication: 6,406,888,864,069,999
ticketing through website: www.piaowutong.com
Tickets: 100 80 60 40 20 10
see Zhao blog description, click to enter.
Second, when the ice finance and investment seminars in Wuhan (invited to be friends and do many times, and I also did a study experience to tell. lectures for professional investors, non-professional investors do not read the following quote from the original host):
began in late 2008 this wave of stock and property markets rally sustainable? If there is a turning point, the point may be located? how to grasp the trend early, and how to avoid risk, profit? how the current macro-economic trend? this stage, investors can seize opportunities and hot spots where? what they need to guard against risk?
2009 年 6 27, when the ice will be financial commentator in Wuhan, talked about the recent stock market (including stocks), commodities (gold, coal, non-ferrous metals, oil, etc.) and price trends, on-site to answer your questions.
topic: how do we do? mm investment opportunities under the new situation
Time: 2009 6 月 27 日 14:00 mm17: 00
Location: Youth Road, Hankou, Wuhan Ramada
Booking: Wuhan: 83609167
Tickets: 500 yuan (top 50 will receive a signature when the Ice change the world 1.13:30 - 14: 00 Registration Time
2.14:00 - 14: 10 host address
4.14:10 - 16: 10 时 Ice presentation time
5.16:10 - 16: 30 interaction time
6.16:30-17: 00 person signing time
Speaker:
when Ice: Ice name names when the .70 s were the warm words. now lives in Shanghai. best-selling book do? mm when the sub-prime crisis to change the world, research, the interests of original analysis, often bold and accurate judgments amazing. For example, first half of 2007, when the ice in the media openly warning that the subprime mortgage crisis will evolve into the financial crisis and economic crisis, so CCTV said he was One is that the stock market will reach record highs in early October that year, then fell into the orbit, and a clear call to issue short positions, then the Chinese stock market has stopped falling before more than 1,600 points down; the same time, he believes the U.S. stock market is already 14,000 spent force, will enter a large decline as a result, the U.S. Dow Jones industrial average soaring oil prices the first half of .2008, most people continue to call, but the June 25, 2008, when the ice on CCTV explicit assertion that oil prices turning point appears to be the National Day that year, after three months, oil prices fully confirmed his judgments .2008 November, the central authorities have introduced 4 trillion rescue plan, the author pointed out that when the ice open , cement blocks will be out of the wave of the trend of spectacular results all the cement stocks have turned at least 2 times more to achieve the benefits In 2009 January 15, when the ice has written that the gold will be in the inaugural U.S. President Barack Obama After the rally out of the wave, then, gold soared, breaking the $ 1,000 as a full-time hh
financial commentators and researchers, when the ice in a serious, hard work and rigorous known .2008 December, he published debut, credit crisis behind the layers of fog, and the future development trend of the forward-looking judge, also made a series of countermeasures. the book available to a warm welcome, set a two-month sales record of 120,000 sales . dozens of cities, the Office : depreciation of the dollar will lead to even more serious crisis mm A value of Q
China Network links: rich people are the root of the problem means
crisis.
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