The most serious financial crisis we have even seen caused by a series of bankrupt of banks—invest banks and commercial banks, and the
I answered: “Yes, we can! But we must work unity together.”
First of all, we must realize that what made this black hole of financial?
It came from “Money Game”! Banks recruited the most talented persons who were hired to develop the “Derivative Products” for selling in the world. The sucked-in principal immediately distributed as commissions, rewards and etc to make a gaping
They were greed and irresponsibility to keep digging and digging day by day and night by night until the soil of earth completely collapsed, to make it not only be a black hole, but also “the Abyss”!
The diameter of the earth is 12,756 kilo-meters. It’s said that there were USD 5 trillion evaporated at this crisis; the length of par value 100 dollar’s US Dollar about
Money game players did not do any investment on production, because they invented a “daily rick rate” proudly, and said that “rate must below 0.4% per day”. The excellent invention driving them to brain storm in the very narrow field, shrinkage of the investment ranges to minimum, only stocks, bonds, gold and equitant left. They’ve been running among “trade money in and out” to bear the bad fruit of plague by the simplest money.
Consequently, the production ceased in the countries of high GDP, assembly lines moved to the world factories to remain the local unemployment. The society has become the consuming society to push people into moan and mourn.
Under the popular of money game, that prices of real estate, oils, steels and every necessaries that were stimulated to go up and up; meanwhile, the publics’ regular incomes decreased until they could not put up with the bad situation, their jobs shed that could not afford the loans to cause the subprime lending crisis, then a series of disasters followed from that.
Some greedy tycoons irresponsibly took advantage of the tax heavens to irrigate the water into their revenues, and enlarge their incomes from one billion dollars to hundreds of billion dollars like blow the air into balloon; the storm and raging water of financial crisis coming up that as if a needle pierced the balloon, there were no any fillings, but only
Some ferocious tycoons who produced the out-of-dated products, which were sent to the electronic graveyards to make the false accounts to deceive the publics. They were drowned at this furious storm to harm the innocents.
How to resolve above mentioned problems? We are human beings, how can we fill the abyss up?
Fortunately, we received the vision in 1986, put the surplus in incubating new industry for resolving the jobless problem; at present, the time has come, the derivative value chain will be driving to be much more that the evaporated money, how could the black hole not be shut?
In my view, “Returning to the Productivity Society by the general implementation of Golden Net on the land, and terminating the money games thoroughly.” Then, the bad situation can be remedied.
An analyst of Wall Street in
I replied that “My investment objects were all nascent enterprises, I was just like an incubator to foster them grows...”He shook his head and calculated by instrument, and then said to me a conclusion: “You got 100% risk!”
Recall that if we did not turn the
The conversion of
We can no longer afford indifference to suffering outside our borders; nor can we consume the world's resources without regard to effect. Consequently, we utilized the surplus carefully to reach our hands to the needy, to help them incubating something new for reviving the economy.
In the meantime, we emphasized on researching and developing ”new industry” in order to create new jobs for resolving the jobless problem.
And we carried forth that concept and delivered to the APEC since 1997 for proclaiming that a storm and raging water of economic will come, we need to do something for preparation to prevent the damages.
New industry that we invented as a global channel specially designed to create new jobs for those most in need. This invention was by means of a pico-tech to make a couple—TranSmart card and RF Transmitter, the later also be called “Toller” which can be mounted on the facilities of transaction and identification for “technologicalization of traditional industry”.
TranSmart card can be taken by the citizens for obtaining the goods. Government can issue the cards (for it’s a stored-value card) for abundance of treasury to build the infrastructures, to succeed the educations, and to undertake the social welfare effectively.
I proclaimed to issues 1.7 billion TranSmart Cards to raise SRI Fund of USD 85 billion for the general implementation of best practices at APEC CEO SUMMIT
Furthermore, government is also able to apply the fund from issuing the cards for fostering the young entrepreneurs to form a new industrial chain step into the new economic era.
I promoted in the APEC CEO SUMMIT 2006 about “Best Practice Policy” which was according to our proposal of “Global Channel-TES” that officially submitted at APEC MM
The money will flow fluently as TranSmart cards applied by the citizens. The enterprises will have incomes and restocking as the goods are sold. The governments will take the taxes at once as the global channel is operated. We proclaimed that “one eStore one business one job” that will provide the flexible working time for store-keeper, single mothers are possible to take care of their children. TES, The eStore System will let people, enterprises and governments in triple-win, so that be called “Voluntary CSR Practice at best”.
Some still questioned that “What is the eStore? What is the TES? What is the global channel? What is the golden net?” The answer should be same that “those all were social responsibility investments, were the promise of the Most High gave the gift to pave the way, redeem the people, for restoration and recovery.
Our world can be free movement of people, goods, services and capital again; approaching the goal of “the talent of people must be achieved, the benefit of land must be accomplished, the flow of goods must be circulated, and the use of materials must be completed”.
Every eStore will be similar to a foundation pillar, connected with one another to the eStore system (TES) through networking of radio frequency that like to lay the steels and reinforced bars above the
At one time, some of tycoons hooked with politicians to assemble the corruption entities through the illicit activities for the illegal interests, and resulted in exploitation of the legitimate economy. APEC’s Leaders declared that “Corruption in both the public and private sectors is a serious threat to social and economic development in the region. We agreed to leverage our collective will to combat corruption…” in 2008.
US’ President Obama said that “To those who cling to power through corruption and deceit and the silencing of dissent, know that you are on the wrong side of history…”
And "Let it be told to the future world...that in the depth of winter, when nothing but hope and virtue could survive ... that the city and the country, alarmed at one common danger, came forth to meet it."
Before the new era, new technology will be applied that similar to the vacuum tube was replaced by transistor in 1969, there a lot of stuffs would be adjusted, and the prosperity came to spring finally in 1973.
Nowadays, we have to put much efforts to do adjustment in 2009 for repairing the
Prepared by Li-Chang Kuo
Investment
