The Leaders of 20G
Summit
Presidents or
premiers
Dear Sir/Madam,
I learn
that Your Excellency will be
attending the G20 Summit this
week in London, and how to
cope with the financial tsunami of once-in-a-century to
have a common view with a good recipe that will
certainly draw the attention of the world and I hope
that this document is truly worth your attention and may
it be used as a reference.
Before the commencement of G20 Summit meeting, the
views of different national leaders have been
circulating through media:
1.
The European leaders
have suggested the need to re-form financial institution
practices;
2.
Chinese central bank
chairman Mr. Zhou Xiao Chuan has proposed the
creation of an ultra sovereignty reserve currency to
replace the existing United States Dollars for
international trading. The suggestion is well supported
by Russia, India and Brazil.
3.
President Obama
replied that investors are still optimistic about the
United States’
economy and at present US Dollars is exceptionally
strong and stable. Thus Obama
dismissed the need
to create an international reserve currency. President
Obama also emphasized that lowing medical
healthcare cost can help to lower the national deficit.
4.
The United Kingdom’s Bank of England (BOE) Chairman
Mr. Mervyn King was saying that, the
bloating goal is necessary, and must realize the price
stability.
5.
European Central Bank
(ECB) vice-president
Mr. Lucas Papademos
express also than the more conventions measures to
carry out, the quantification-easing of monetary policy
it may be a select of Central Bank, but it should be
find out the difference of quantification-easing
between the relaxation of credit.
6.
….
Above is the subject of the 20-nation summit
also perhaps not far from, the other leaders of Europe
was to express must be to
rectify the financial order and Brazilian President
Lula was to express
that 20-nation summit must be a result on 27/3/2009,
otherwise, people would be hard to believe that the
future 20-nation summit, therefore, leaders of 20-nation
summit must know where is the disturbance of financial
order, as follows the background case it was not to
tolerate to overlook:
a.
If you do not
forgetful, you should remember that I wrote in May 8,
2008 and August 2 two letters in Hong Kong through the
consulate in your country give you by fax, the two
letters pointed out that the Chinese government
intervened to interfere the exchange rate of yen since
2004year and the interfere-cost is the key to touch off
the crisis of inferiority mortgage loan, the
contents of the letters of the website can be link to:
www.ycec.sg/lzm/080508.htm
or the main pages is
www.ycec.sg/lzm.htm
b.
However, the
foregoing case of Chinese government to interference yen
since 2004year and my advise did not receive
international attention. Because of the
sovereignty-fund of the Chinese government to assist the
Hong Kong Monetary Authority to use the leveraged of big
Margin trading to sell yen and buy currencies of other
countries to force the yen revaluation, the Japanese
government has failed to feel quite helpless and can
only to see with one's eyes the yen revaluation to at
the 90.88 on revaluation at once, the Chinese
government's target at my Margin account all the Deposit
at 91.14 yen was clearing up to!
c.
In virtue of the
Renminbi (RMB) is a closed currency, so the Japanese
government can not to retaliate, Japan’s dignity was to
suffer a challenge! Therefore, the yen exchange rate
was control by Chinese government until the first
ten-day period of February of 2009year, until the
Japanese government announced that it would be stationed
a helicopter ship at Diaoyu-Islands, by thus opposition,
so Chinese government to give way to adjust the yen
exchange rate between to 96-99.00 again to haggle over
prices with Prime Minister Mr.Taro Aso. At this
time, Japan announced export was to descend nearly half
of 45.7% on the last third part of February of 2009, in
the news, Prime Minister Taro Aso was to be
enraged and hand tremors very critical, but the Japanese
export industry was maximum sufferer just too.
I. About
how to rectify the banking order
Prime Minister Taro Aso will attend the 20-nation
summit, the case will be confirmed. Chinese government
interference the yen exchange rate it in the end how to
impacting the economic order?
First of all, the tide of interest
arbitrage in 2007 is a lure of the inferiority
mortgage loan intensification, I believe that no one
would object to such a definition. In Hong Kong, the
inferiority mortgage loan by financial companies
affected by the small, but in the U.S., banks involved
in the transition to seed down for the crisis of the
inferiority mortgage loan. At this moment, when the
Chinese government to intervene against the Japanese yen
exchange rate it was to
twist the
market-law by July of
2007year (¥ 119.0), and after, the yen's appreciation
again and again to raise the quota the inferiority
mortgage loan of interest arbitrage, but also time
and again to make the early phases of the mortgage loan
to stop pay out the funds, so the
crisis of tinferiority mortgage loan
it was to lead to the
bank’s bad account of the inferiority mortgage loan
quick lift and to lead Obama
to use ten thousand and
hundred million U.S. dollars for purchase the bad
account, Obama
must to know this cause and effect.
Secondly, today's question-bank of
financial tsunami is not entirely bad debt from
mortgages, the 20-nation summit leaders also need to
know the Chinese government to intervene against the
Japanese yen exchange rate
and twist the market-law of foreign exchange it
brought
more serious the consequences of what ?
In
addition to the mortgage business, the Margin Deposit of
scalp foreign exchange is a great business in banks for
another. In general, not to think that banks provide
customers with Margin Deposit of scalp foreign exchange
only for gain the price difference of commerce, under
the past statistics, the customers of Margin Deposit of
scalp foreign exchange account which 70-90% are losers,
the bank's Margin Deposit trade department have some
financial experts, but also in the capital when the
solid to play a "market maker" role to earn even
greater profits! However, the Chinese government to
intervene against the Japanese yen exchange rate of the
twist of the law of the foreign exchange market can be
non-financial experts predict and that today's financial
tsunami from the question-bank more so at
sovereignty-fund’s intervene and huge losses to be at
sea.
Clearly, today's foreign exchange margin trading market
has been basically in shock, some banks simply the end
of the Ministry of foreign exchange margin the first
time. Original, the foreign exchange margin trading
market is an important place to retrieve scattered funds
of the society’s middle, upper classes, if not this
market, the flow of currency will be a serious decline,
as a result, employment and the currency’s
quantification-relaxed environment can hardly viable.
A result of the above, the 20-nation
summit to rectify the financial order must have the
following two important measures:
A.
In addition to
repurchase the bad debt of bank mortgage and to
establish a un-laissez-faire article for the mortgage
loan;
B.
To put in order that
similar to China's sovereignty against the background of
the customer funds out of foreign exchange margin
trading market;
II. About to
replace the existing reserve currency and
the
quantification-easing of monetary policy
Chinese bank president was advocated to development a reserve
currency of exceed sovereign rights to replace the existing
reserve currency the U.S. dollar is not realistic,
Obama
need not annoyed, Chinese bank president was a childliker
people, because the reserve currency must show that there is
movement of the market and value, could it wait the Chinese bank
president how to find an extraterrestrial being to assure for
the reserve currency of exceed sovereign rights? Furthermore,
the 20-nation summit doesn't have to waste time for it.
Secondly,
Obama pointed out that the U.S. economy chronic treatment
drugs are NOT God's mistake, God is the medicine the Federal
Reserve Board to acquire treasury of 300 billion to one
trillion, 700 billion refund of Chinese treasury bonds, which is
the number of Chinese migrant workers which blood and sweat of
long for thirty years accumulation of wealth it should be return
to the people, but regardless how to use the 700 billion funds
by Chinese bank president, Bank of England (BOE) governor to
achieve the inflation objective of price stability and the
quantification-easing of monetary policy of European Central
Bank (ECB), vice president can also be easing immediate to come
true.
G20 should
be to repair the financial system as a primary mission and avoid
reviving the global economy an enormous amount of money invested
will be in vain.