經濟,財務,統計學,數理科學與政治評論

Dear American fellows:

  I have to express my deepest sorrow about the dispute of China-Japan this time. I CHOOSE to stand on the side of China. Before one hundred years ago and before the rising of U.S.A., the China is the only super power in the East Asia. At the time, The Korea is just a part of the great China. The Diaoyu islands are part of China. That is the sure thing before the USA inteferes into the events of Asia. I have to remind that you have abandoned us at the time of Truman, Nixon, and Jimmy Cater. That is the reason why the communist China gets its greater power. But we are still Chinese. The island belongs to China- the concept of a great China. That is no question.

  I really hope the USA should not interfere the dispute this time. We do want to see how it will develop between the Red China and the Japan. Maybe, it is time to tell Japanese that we still do not forget those 8 years tortures in the WWII. And they still do not show their deepest regrets to those things. Millions of Chinese childrens had been killed by Japanese soldiers. Million of Chinese women had been raped by Japanese. Million of Chinese men have been tortured and killed by the notorious Royal Japanese soldiers for fun. Japaneses have to pay the prize.

  You know I do support the economic reviving of America and Japan. And I do believe that the USA is the strongest nation compared with the Red China. But Chinese people do have their sorrows inside and Japaneses never show their sorry for all those things. That is the reason why I support China now.

Dear American people:

  It is a tough time. But you still need to face the issue seriously. I know American people have a warm heart and that is why you help Israel so much. American people have paid trillions of US dollars to help those issues around Israel, Afghanistan and other nations in the Middle East. Even the event of 911 is considered as the price to pay for the Middle East Issue. The latest Boston Bomb issue is another case people from the Russia who try to catch your eyes on the conflict between Russia and Chechnya. I know American people are with warm hearts. Sometimes it makes people wonder how come American people treat your own people so bad and do not want your own people to have an insurance. The British people have the national health care. The Canadian people have that one. Even people in Taiwan have the national health care already more than fifteen years ago. But it is what American people do not have NOW because the federal government of US is been shutdown. It make people wonder how come Americans treat other people so well, but Americans treat American people so cruel.

  To be honest, if Mr. Obama is the leader of People's Republic of China, Mr. Xi Jinping. Mr. Obama is definitely considered as a good leader who sticks to the right thing without compromise. But Mr. Obama lives in the USA. In the US, everything has to be compromised and everything is half done, especially the crucial one. The half-done always means it is not done. I know American is not in the war time. Mr Obama can not have the rights as Mr. Roosevelt who can do a lot of things in the name of national security and emergency. I also learn it from the latest dispute in our own nation that the right thing is processed in the wrong procedure still have to be thought as a wrong one. IT is what you called the DEMOCRACY. But Mr. Obama just wants to be a leader who makes a wise decision for whole American people.

  A good national health care system can largely reduce the corporation burden on the medicare issue, especially for the elder retired people. A good national health care system can largely reduce the insurance cost of private insurance policy because there will be a lot of items covered by the whole American people and the national health care system with the coordinated effect which can reduce the cost by the economic scale. A good national health care system surely will ask people to pay in a progressive way which will have the function of a automatic stability for the society as the poor are supported by the rich and the illness people are supported by the healthy ones. A good national health care system can reduce the discrepancy between the illness poor and the healthy rich because it just show the warm hearts of the wealth. A good health care system can be treated as the other way to decrease the discrepancy among all races in the society. If American people can handle the issue well, it will bring Americans great happiness Americans have never thought before. 

  But now, it only happens under the renegociation between your president and congressmen. We are already familiar with the non-renegociation between the Israel and the Iran, between the Israel and the Egypt, and between the Israel and other nations in the Middle East. We are already familiar with the non-compromise between the Usrael and the Iran. But this time, we need the renegociation between the US and the Iran. We need the renegociation between the Israel and the Iran. And the most important thing we need right now is the renegotiation between the Mr. Obama and the congressmen. American people are in title to have a great national health care system just as the British or the Canada. But now, the right thing under the non-renogociation conflict dispute procedure seems to be a wrong thing. How does it happen? It makes people wonder what's wrong with the democracy. What goes wrong in the process of democracy?

  The leader of China can demand the right thing to happen in 1 second. The leader of USA can not demand congressmen to let American people all have a decent insurance cover. How does it happen?

  How come America can be a stronger support of Israel which the US pays trillions of US dollars to help the Israel to stand on its feet, but the USA can not let all American people to have a cheaper insurance? How come American people are warm to people in the other nation but are so cruel to its own people? It makes me wonder whether the democracy goes to the deadlock or that kind of dead-end. It is surely behind our imagination.

Dear American people:

  It is not an easy job to be here. It takes such a long road. But it is the middle point, not the destination. America still has huge deficit and a lot of unemployed people. You still need to fight for it. The US dollar has no reason to be that strong compared with other currencies lately because the USA has 16 trillion government debts which includes 3.5 trillion assets on the book of Fed. America still lacks some big improvement on the job market as the manufacture jobs does not increase that much as some economists expect and the new service jobs are with lower payments. The living standard of USA may be high enough, but it may not be the reason why American people can not have those higher paid jobs. I have to remind you that the China has less than 1 trillion foreign reserves around 2008 but it has 3.5 trillion foreign reserves in 2013. The foreign reserves of China include 1.28 trillions of US treasuries and several billion of US Mortgage backed securities. The most parts of China foreign reserves are those higher-rated debts of the USA. I have to remind all Americans the power of compound interest.

  People are aware that American people may need a fair tax code system which can let people have equal opportunities to make a living in the society. People do not believe the tax deduction you have made can really bring a fairness to all American people. The reason is simple as the increase of the tax base to let more people pay taxes does not mean they can afford it. It just shows the truth that a lot of American people do not need to pay income taxes as they do not earn that much. So in the end, the American government does not collect enough money for a lot of things that American people need, like medicare, social security, education and other issues. It has to be changed somehow as twenty percent American people own more than 75% America wealth now. It is not a good news for the society because it means that ordinary American people can not spend that much as used to be. A greater fortune on the hand of the 20% American people means that the other 80% people do not have enough money to spend. It will deter the value creation process of the USA as ordinary American people do not have enough money for the circulation anymore. It will be a disaster for American people.

  The rich people in Asia, including China, Hong Kong, Taiwan, Phillipins, Malaysia, Indonesia and Singapore, just raise their house stakes in their portfolio holdings in local areas when they earn a lot of money these days. The money has nowhere to go. So the property price in those areas just goes up without the ceiling. The same situation happens on the wealthy Americans in the US. The ten year US treasuries yield went up from 1.7% to 2.7% lately. It shows the wealthy Americans do not know how to invest their money, so the only way to preserve their wealth is to let the yeild of treasuries go even higher to protect their own investment portfolios. A higher yield of US treasuries shows that the stock markets have to perform even better and the bond markets will perform even better after the stock markets reach the limits. It shows how wise those investors and it also let us see the true nature of free financial market mechanism. The wealthy people in the free financial markets are always the big winners. The free financial market mechanism cares about its efficiency instead its distributive effect. The mechanism cares about only how to let the market to be fairness for all participants but does not care about who owns those benefits. We see a lot of poor American people who even can not pay their daily bills or keep the food on the table. We also find that the wealthy American prvivate equity funds buys a lot of US house units and rent them out in a higher rate. That is what the market works in the USA. It shows the inevitable conclusion which lead the wealthy American people even richer and the poor even poorer. It is nothing we can do. 

  People are fully aware that American people do worry about the too much deficits taken by the American government. People do know the compound interst well and it just happens on the foreign reserves of China. It accumulates so much US treasuries and MBS because the wealth is on the hand of Chinese goverment and the US just needs a lot of money to do a lot of irrelevant things for its own people. The USA spends a larger stake on the war affairs but spends too little for the welfare of its own people. Mr. Carter, Mr. Clinton and Mr. Obama spent around 2 trillions government debt quota to help American people. And you lost too much friends in the Middle East who were once your best friends, including Iran.

  To reduce the deficit, the America needs its own people can pay more taxes which means that people need to have decend jobs and stable incomes. It takes time to be there from here today. It seems to be a long road to pay down the deficit which the USA has today. Let's try to emphasize on the employment issue and the tax code issue FIRST. To largerly reduce the US government debt and to have an enough lower unemployment rate are the first two prioity things American have to be.

  After the problems are resolved, then American people can try hard to fix other issues. But the time has not come yet.

Dear American people:

  As you know, you have the most lowest growth and the most well lagged employment growth rate in those decades. It just reminds us the situation before the WW1 and WW2 and between them, the great depression of 1930s. The solution for the US depression is by using the large investment on the infrastructure and the mass production of weapons for other nations. The most important one is to force American people to save a lot during the years of war and to loan lots of money for weatern European countries to rebuild their world. Those kind of ideas are mainly focus on how to increase American's savings and use them properly. It solves the American depression and bring the prosper to the States for more than fifty years after the WWII. During and before those derpession years, your grandparents or grandgrand ones waste all their savings on houses and crazy investments. Now you face the same problems. At the old time, your politican promotes many ways to solve the problem. The most effective one is the infrastructure investment. From today's perspective, it seems to be an outdated strategy as the USA now has the most porfitable service industries, incluing the most profitable financial institutions, the retailer chain stores like the WalMart and the MacDonald, the airplane builders and military service providers. People think American have a lot of opportunities who can communicate with each other easier and more cheaper way to reduce the cost of domestic trade. People think that is the reason why you do not need the super-highway transportation unless you have the budget.

  The experience of China shows when a larger amount of money is accumulated in the specific group, we may see the rent cost go up as a lot of people have to rent a house. The more house vacancy of China big cities have, the higher rent it brings to the house renter for the compensation of houseowners. There is a statistic that shows a Chinese youngster owns more than 280 houses as his parents has accumulated so much wealth and invest it on houses. On the other hand, there are million of Chinese middle class who just can not afford to own a house. It is pretty odd in China. But it is the reality for Chinese people in the mainland. It also shows that in the situaiton where a lot of people rent a house, the rising rent cost just reduce their purchasing power more than we know. For those who just get a temporary instead a regular permanent job, those kind of situations just make it worse. So is the USA.

  American People may lose faith on a lot of things. American people show us repeatedly that the cost of higher education is much a higher burden in the USA than other nations. To be honest, America has a higher quality of advanced education compared with other nations. But it does cost people a fortune. That is the reason why American youngsters have to use 5 or 7 years to pay down their student loans. After that, they may have some money to save. People are fully aware that the student loans is the most important obstacle for the American youngsters. (So is Taiwan NOW.) And the report also shows that there are around a quarter unemployment rate between 17 to 26 years American old people who can not find a decent job. (So does Taiwan NOW, maybe we are lower, bu the figure is still around a fifth.) This is a warning sign that America just can not produce enough jobs for the those young people. It also shows the education can not promise their bright futures in the USA. I also notice that the US government tries hard to reduce its burden of government employment, including the US Mail system and the Federal government. Those bad news also deter the employment and make the issue more severe than anyone can imagine. So all the house issue just goes back to the employment and wage raising ones. The severe employment issue brings the lower wages and higher house rents for Americans right now.

  I do not believe that if the Republican gets the president's seat can resolve the problem, because it is structural. The wealth redistribution effect is not that obvious this time during those QE times and you just do not have the leader who is determined to raise the taxes for the rich and waive the burden for the poor which can increase the saving rate of the poor. The well-function financial market just get the situation even worse. It lets the rich can accumulated their wealth more easily and make the poor feel relatively poorer. The history always teaches us the tax reform is a must-be-that-way for the America today. That is the lesson from the great depression of last century. A more wealth distributed nation is good for investment and consumption. It is not the case for Americans now. That is why you should work hard on those issues. Or Americans will just see the dark side of democracy which shows those men or womem who have the power just take care those ones who have deep pockets instead those ones with no prospect. And the poor are ignored and left in the desert without a way out. All American politicans should do is to take care the eighty percent poor Americans and give them hope and prosper.

  Dear American people, you have to write to your senators to ask for the tax reform NOW. You may face the unemployment problem sooner or later even if you have the job now. If you do not change the course of the USA, you will see the USA is dying every day. The tax reform and the national healthcare system have to be done step by step NOW. The wealth redistribution has to be implemented by those actions. If you do not try to change the wrong course, the youngsters could not have the chance to have a decent job. Then we will see the vicious circle run over all those things again and again.

  My Dear American fellows, it is time to act now. You have to change the way that the America is run today. Do not let the bad situation happen all over again and again. Do not let America to be another Japan. May God bless you!

Dear American people:

  The thought I write in English now has been known by a lot of people but in the form of (traditinal) Chinese. The Chinese version has been written more than months ago. But I am so busy and do not know how to express it in a way of legitimate English. I do not take those US-QEs as they should be that way, I think it is the most innovative idea in the 21 century. What it counts depends on a lot of coordinations, such as a lower US dollar currency, a more coordinate trade policy America has to deal with its partner countries, a more advanced tax system America needs to rennovate itself and a more IT and industrial revolution America needs to bring to the world. That is what the Japan-QEs lack, but the Ch-QEs care. If American people just want to know whether the liquidity of US financial markets is solved, the answer is yes. Then the QE can be stopped. If American want to know if all those problems in the USA are solved, the answers will be no. It has not been solved yet. Americans should try hard to fix their system problem, such as their medicare and their tax reform issues.

  (Here I should remind the readers, before 1997, the RMB depreciates from 4.5 RMB/per USD to 8 RMB/per USD. That is the reason why China has such a great growth moment more than two decades.)

  I have to say that the China-QE will not stop because they are fully aware that the China old-days growth depending on the cheaper manpower is over. The chinese government faces an even severe umnepmloyment issue than we think today. Now the RMB appreciates every day for a longer period of time, we expect it will just go on for several years. A lot of people think the RMB is overvalued, but the Chinese government does not dare to let RMB depreciate. At the same time, we do not see any sign that Chinese government stop using its QE to promote its domestic trade activities. Therefore, we know that the China-QE is coordinated with other structural reforms in China. It is not seen in the US-QEs, that is why scholars recommend the USA may stop using US-QEs. If the thing goes well, people expect service categoies in China may create some values with the coordinated China-QE. It is what we expect the US-QEs to have the same effect long time ago.

 Unfortunately, we just see the wealth redistribution in the USA which makes the rich even richer but the poor even poorer. There is an calculation saying that the ten percent US citizens own more than half the US total wealth and the twenty percent US people own more than 75 to 80 percent of the US total wealth. It is an unbelievable fact. I think it is a serious warning to the USA. The monthly salary of ordinary people in the USA falls back to the level of end of 1990's(around 15 years ago). It is a warning sign that the US-QEs should coordinate the tax-code reform with the Obamacare medication reform. If it is not, then it should be abandoned.

  The wealth redistribution is an important part with the success of US-QEs. I think Americans are in title to know the truth. I beg all American people to the issue of "PLEASE do not let America become another Japan." Let America to be a nation like China which is a nation whose people have tons of money in their pockets and have confidence to their own future.

Dear American people:

  The big difference among the US-QEs, the Japan-QEs and the China-QEs is that Americans become fully aware of the income inequality problem. American people know deep in their hearts that the inequality comes from the mismanagement and system-bugs of financial markets. That is what Americans have to face. Americans know quite well a good society should build on the trust and the fairness. Each one has an equal opportunity to chase one's dream. 

  We know that the Japan-QEs only protect the wealthy Japanese, the poor Japanese gets even more miserable life more than decades. The property price just goes down and down for two decades already. We finally see some hopes in some areas of Japan lately. It gives us a lesson which shows the income and wealth inequality issue is severe in Japan more than people realize. The workers in Japan could not get a decent life because their employers take too much share and the Japanese government just take too much burden of those bad investments and bad debts made by those wealth Japanese people. When managers or employers make some big mstakes, the Japanese government just uses the monetary policy to cover all those troubles without thinking. Japanese government does not dare to challenge or to punish those people who mess up with the society. And Japanese government does not take the income inequality seriously enough and try hard to harmonize the difference between the wealthy people and the poors. In the end, The Japan-QEs just protect the wealthy Japanese at the costs of the whole Japanese citizens in those years. It forces the Japan government to keep the interest rate and the yield of 10 year Japanese treasuries at a lower level more than two decades. The vicious circle happens all the time and the Japanese financial system is broken as Japanese people have not dare to challenge their own future and make a change. Japan is dying every day, just at a slower pace.

  It is nothing but a fact. Japan is dying, so is China. A country without the democracy needs the wise guy to run the country in an absolute means. But we know that no one can be that smart which may let the mainland China lose a lot of chances to grow. Market always needs to play its role on the innovative issues. The innovation needs some tolerance and some free air to breathe. In a country where all those innovations and developments is on the government hand, I do not know if it may create an even bigger waste and inefficiency on all those industries the government concerns. That is the reason why people worry about China. That is the reason why people think China is in title to move the earth now but it just can not and those kinds of thing will not be found in China.

  China is the nation which has a lot of savings. China should have the ability to help the world on the IT and industrial revolution. This kind of revolution should base on what Chinese people really need and want in their daily life. But what we learn from China is those needs and wants are directed by the government. The government always plays the role to tell people what they need and want. It should not happen in the 21 century. People should embrace the world by themselves. People should try hard to innovate daily life instead to wait others tell them what to do next. It will not bring the innovation to the world. So we do not see any innovation but just a lot of copycats in China which are well protected by the Chinese government. You can not see the Facebook in China, but you will find others. You can not use the google search, but you can use the other search engine. You can not log on Amazon, but you can log in Alibaba. That is the business model we see these days in China. How can you expect China will bring something new, no matter it is a totally new concept or a totally new design, to the world? We just see a lot of me-too services or products originated in other nations. And the orignal oversea ones just can not be imported or just be restricted to use in China.

  I am so sorry to say that kind of society can not sustain itself for a long time. China is not an empire anymore. It is a nation which belongs to all Chinese people. A place without democracy will not be a good place to live. What we concern is not that if China is democratic or not, but it is a nation with a lot of savings. History always tells us a contry with large savings should play the role for the world innovation because it can pay it a lot. Unfortunately, we do not see that happen in China. And we just can not see that happens in the USA now. The reason is simple, Americans are broken. What I mean here are those 80 percent ordinary American people. So we need American to keep on using the US-QEs until it solves the unemployment issue and lets all American people save a lot. Then we could depend on American people for the new innovation. It is pretty ironic, right? But that is the way it is. As China is still an underdeveloped nation, the catch-up-with-Jones effect does play its role. China can still perform those policies which has been implemented in America 50 or 60 years ago. The infrastructure, the media development, the communication, the electricity and clean water supply issue and the standard settings for its own people's healthy on foods and related ones are main drivers for the future growth of China. Of course, China will face an even higher unemployment issue, especially when China has seven million students graduate from colleges or universities each year hereafter. The Ch-QE is also a must-be-that-way policy when China faces the pressure of over-crowded population, not the population-dividend but a burden. It makes China not dare to stop using Ch-QEs now. The enormous savings of Chinese people do provide many opportunities on daily necessities. That is what the savings counts.

  For the issue of the Japan-QEs, the failure of Japan-QEs have many reasons. The first one is it didn't accomodate itself to adjust the profit sharing system of the whole society. In short, Japanese government was unreluctant to pursue an even larger tax-code reform which can provide a better life for all Japanese people. The second one is it didn't want to let the Japanese Yen depreciate with those unconventional monetary policies. Those monetary policies just can not reduce the cost of those implementations if the Yen does not depreciate accordingly. I still think the reason is not from American pressure but from the fear of value desvastation, especially for the wealthy Japanese people. It just shows the problem of profit sharing between the wealthy Japanese people and the poor again. The suddenly falling Yen may bring higher inflation occasionally. But it also triggers the wealth redistribution to the whole Japanese society. From the perspective of today, the second failure is tied with the third one. The third one is that Japan didn't give up its old-fashioned thinking about its financial market. The financial markets of USA is open to the whole world, anyone who can make a big fortune is welcomed in America. But it is not the case in Japan. Japanese government and Japanese people are innocent to think if they open the market, those profits will largely flow into others' pockets. Unfortunately, it is not the case. The open market can let the market participants all around the world to take the burden of the falling Yen. They share the burden of Yen depreciation. It is a protection instead a threat. The experience shows as one nation open its financial market to the whole world, the larger share of those profits goes back to local people. The wealth creation process could be learnt from local companies and local people. They can fully aware what it is like and just try to use the same strategy for their future life. This kind of effect is much larger than Japanese people can imagine. From the experince, when the USA opens its markets to Japan, we see a larger share of profits flow back to Americans. And the even better thing to American people is they can have a better product to use and get a better life. That the Japan is reluctant to open its financial market, especially when Japan has its big trouble on its own financial issues, is a miscomprehension to Japanese people. The reason is due to the mismanagement of Japanese government which is the same as China. The industrial and investment decision makings depends on the economic department of Japanese governement ONLY instead on hands of the whole Japanese people and the financial market. It brings the distortion. The Japanese is more conservative than we think. Japan is the nation which can not have an advanced society, especially on its financial industry. The more Japanese are reluctant to open its market to others, the more severe damage it makes to itself. Japan may lag far behind the world. The don't-want-to-change also deters the progress of Japan. The coordination of a mighty government just let Japan stay where they were several years until now. It just reminds us that we should not let the government tell us what to do but to tell the governement what we need. Those lessons are valuable to the whole world.

Dear American people:

  Mr. Buffet always tries hard to convince us that this time is no difference. Do not always look at the nagative, try hard to look at the reality. The reality is the cash cow business is always and the foremost the great business that each one is eager to invest. The wise American people know that well and the wealth discrepancy can be shown from the perspective with different attitudes. The wise American people know how to use the leverage to create their own wealth. The wise Americans know how to grab the opportunity to become an even richer person. But it comes out another question which is how to make other people who are inferior or just could not have the chance to become the one who can be the joint force of this millionaire-creation train.

  Just as some people say that the only two things the America should do are (1)a better tax system and (2)a better healthcare system. The former one brings the chance to all Americans to be a millionaire just as Mr. Buffet and the latter one let everyone reduce their life burden and have a chance to deal with their own challenge. Every one could grab one's moment in lifetime. Of course, there will be some gains and some loses. But if people can grab the chance well, it just makes them rich. It is what those QEs and OTs mean, it brings a well-run system in front of all Americans and let people grab their own moments. 

  I think if Mr. Bernanke could stay for another term as the chairman of the Fed, it is welcomed by the whole world. The next term for Mr. Bernanke in the Fed may be a good idea as the USA right now faces the unsolved structural unemployment problem and the fiscal policy just has its limitation. Mr. Warren Buffet also recommends another term for Mr. Bernanke in the Fed. I support the idea as the monetary policy seems to be the only solution and the most powerful solution for the USA right now. I have mentioned the issue several months ago and hope Mr. Obama can let Mr. Bernanke stay in the Fed for another term. It is the best choice for the American people and it can resolve those disputes from all the people in the congress, the academics and the society these days.

  Mr. Buffet has mentioned a lot in his lately conversation in the Georgetown university with the CEO of BofA, Sep 19,2013. I think the most important issue this time may be the healthcare system. If you do not want to impose a new tax burden on the wealthy people. It is a good time to ask the wealthy people pay a little bit more for the national healthcare system. In our healthcare system in Taiwan, the employer has to pay a little bit more. The manager of private corporations and doctors also have to pay more. The fee payment of national healthcare system is preogressive with the personal job position and income.

  As the healthcare system is implemented on the usage of real Medicare or medical costs, it would not waste too much like other fiscal policies because the medical cost just can not be paid in advance. Each payment must have its own receipt. The issue of money wasting on medicare can be largely reduced by the well-run system which can be built on the experience of other nations. It also can largely reduce the life inequality between the wealthy people and the poor because each one in the society can use the system equally. If you have bad health, you just need to pay more. If you are in good condition, you can help people by paying a bill according to your job title and the range of income. When you get older, you will need others to help you. The healthcare system can really decrease the unfairness among different classes in the society. A good healthcare system can bring Americans to be a more united nation because every one can has one's fair share on the healthcare issue.

  Those problems and issues I mention above just show how delicate those issues can be and how hard to have a perfect solution for all those problems. "Some gain, some lose." is always the tradeoff between those decision makings. I remeber an article I read before which mentions about your late president Mr. Roosevelt, in his third term, wants to let the country have its own national healthcare system during his last days in the world. Unfortunately, he died before the dream came true. And the dream has not been fulfilled from that time till now. Now the dream is even harder to be realized.

  I have been taught from American books that we should have the idea that every one is equal in this world. Lately Americans just show me the opposite. In the USA, doctors can ask even more shares from the society and experienced market traders can have an even larger shares of those trading profits which even jeopardize the financial system. Americans forget those wisdoms of founding father and mother and become selfish. That is striking me. It makes me feel sad about Americans. Americans should be those people with warm hearts and love to help each other. Americans should be the special group who love to create something new and make a big difference for the world they live. The US QEs is not only saving the USA but saving the whole world. Those facts are just shown from the late situations of India, Indonesia, Mexico and Brazil. It shows the US has built a system connecting the whole world nations which can trade with each other freely. That is the true meanings behind the US QEs.

Dear American people:

  Mr. Bernanke is a great chairman of the Fed in those years because he is so smart to let the yield of ten year treasuries rise to near 3 percent by using lips service only. The signal effect of the Fed is successful this time, strarted from the March 2013.

  The action also brings out a question is what is the most suitable level of the ten year US treasuries for the USA. Many researchers think the rate should be dynamically balanced for the situation of market. A too low yield may bring some information-asymmetric lousy investments which corporations may make or others may waste on investing, but a too high yield may increase the burden of hoemowners with heavy house mortgage debts. We need a balanced act at this time. The most important issue is that the unemployment rate is still high as American people try hard to adapt themselves into another IT and industrial revolutions.

  It is a cross road that Americans face some big jump lead or revolution about the way of living. The example of mainland China these years is to use the infrastructure to increase its domestic trade activities among Chinese people or others in the country. Building those high-speed railroads becomes a big adventure for the mailnland China when they take a larger burden of those debts in the balance sheet of mainland Chinese government. China ia a much lower developed nation. It does show those infrastructures bring a lot of opportunities for the nation which are lack of higher technologies on daily necessities and well-run financial markets. The lack of higher technology makes China need to import many important key parts such as engines for its manufacture of cars. The lack of well-run financial markets and the failure of USA in 2007-2008 let China feel that it is unnecessary to increase its financial service employment and development. But we also notice that China builds its 24-hours commodities exchanges for its commodities trading. The much lower developed financial market may be the part that the US can try to join or help the future development of China. 

  From the experience of China, The USA may need high-speed railroad system this time. The goal of high-speed railroad system of the US is to shorten the trading cost and to reduce commercial barrier between many important states or cities in the USA. The more traveling between big cities can also be brought out when the USA starts its high-speed railroad infrastructure. Of course it will have substitute effects for the airplane routes, but they can have different effects just like the old day replacement effects between the airplane flights and the traditional railroad transportations. But it brings new opportunities. Those expenditures brings an important question, if the USA can afford it this time when the US debt limit is reached AGAIN.

  All those things just show how vulnerable the USA could be. That is also the reason why the USA needs a stronger monetary policy. I know it sounds strange when we talk about the "vulnerable", which means people are so easy to be scared and panic. But it is not that definition for the wise Americans. For Mr. Warren Buffet, "the vulnerable" means "the opportunity", "the vulnerable" means that there is an enormous money-making chance. If people do know how to take those chances, put their fortunes on one stuff can bring an endless wealth-making process. That is for real. That is why Mr. Buffer always talks about that the US has the most well-function financial market which is nobody can deny. The system makes people feel alive and optimistic about their future. The system is so great that everyone is so eager to be the joint force. The negative thing now becomes the positive one as the wise American people know the pros and cons of its system and know, deep inside their heart, how to use the well-function system well as they wish maybe. It is the magic part of USA where the other nation can't reach.

  We often see the higher property price go on and on in other nations, but we will never see that happen all the time in the USA because Americans always know how to cope with the situation they face in their times and always know to draw others' attention on the new situation they encounter. That is the reason why people, like Mr. Buffet, don't worry about the tremendous buying of the Fed for the US treasuries and the government-sponsored MBSs. Those buying brings the Fed tremendous interest payments and capital gains that can be recycled back to the US financial system. Mr Buffet treats those actions as one great hedge funder tries hard for huge buying those securities and makes a great fortune on those investments, but this time the benefit just goes all the way back to the every citizen of the USA.

  That is what amazes people. That is what the new definition of economics textbook is lack of. Mr. Bernanke just rewrites the economics textbook about what the monetary school of Milton Friedmans once discuss. 

Dear American people:

  It is not a cross road Americans face the first time, but I still think it is a must-be-that-way for all Americans. It is the without-holding-back quantitative easing. In the first place, the goal of QE 1 is to provide the liquidity for the US financial markets and to raise those deep-underpriced financial securities, including stocks, bonds and other public traded ones. To make a good cycle and to rebuild the faith on those financial securities are the priority of QE 1. The OT(Operational Twist) and the QE 2 are for the US homeowner who tries hard to reduce one's burden and to have more money for saving and investing. To raise the property price is the first priority of the QE 2 which makes those deep-underpriced properties to show their true nature. I think every well-knowledged scholar can't deny those QEs do fulfill those goals, but those actions of QEs are not conventional and considered to be some shocking steps we have ever seen.

  From the consequence of mainland China QEs, we know the China-QE has some side effects which include the property prices bubble shown in big Chinese cities, higher necessities prices and the metal commodities chasing, such as gold and silver. Those actions are meant to preserve people's purchasing power. Those kinds of side effect are little found in the USA because the USA has many well-run financial markets. The USA has well-run markets of derivatives which can reduce unreasonably anomalies. Also, the USA is a country with a larger output of agricultural commodities and meats. The mainland China once had lacked enough pigs to feed its own people, causing the price of pork rise into the sky in 2011 and 2012. All those things has not shown in the States because America has a decent financial market where the Fed tries hard to protect. When the property price has stabilized in the USA, the property rising seems to be a big issue to the USA again.

  A higher property price brings a variety of issues to discuss. A higher property price can encourage American families to own their houses. But the higher property price may let people choose not to own a house but to rent one. That is the reason which makes scholars confused. The goal of QE 2 is to reduce the cost of owning a house and to stop the endless falling property prices(according to the Cass-Shiller index). The QE 2 does stop the free-falling of property prices, but unfortunately the goal is not to be fulfilled to let families own their own houses when the payroll is still low and the job market is still bad in the USA. Because the USA is a free market society, the mortgage rate rises with the yield of the US ten year treasuries may become a problem. Researchers do worry about it may let US families not want to own houses. The side effects of rising yield of US treasuries are (1)The wealthy people may choose to own the treasury bonds instead to invest in the stock or other financial instruments which can promote the employment of the USA, and (2)The higher yield of US treasury may increase the burden of still fragile American family's balance sheet which decreases their pruchasing powers and deters the employment of other Americans.

  Of course, it can not be deny that the rising yield of US treasuries can restore the bad investment decisions to the normal level which may stop some disasters. The higher cost of capital leads the society avoid those lousy investments that may lead to some big troubles like the Sharp corporation in Japan. It is the belief of the British society which thinks it should keep a higher treasury yield to keep those lousy investments away and to help those retired elder people have a decent life. It is not a wrong idea, but it may not be a right one for the deep-unemployed society of the USA.

  The Chinese-QE makes their property price in big cities go even higher. The reason behind is obvious. The mainland China does not have a well-run financial market to store its wealth. The rising property price does have several bad consequences to their middle class. The first one is the middle class has to rent a house. Paying a higher rent may make them have less money to save and investment for their future. The second one is if the middle class tries hard to own a house, it doesn't mean the house price will not go down in the future when the price of house doubles or even triples its value after those years. According to the situation they face, we know the same situation may happen in the USA. It may be a minor impact when Americans have well-run financial markets that is what the China lacks.

  People in the USA can invest in the REITs or something else to share the profit of rising property prices, but those investments are still restricted by Beijing to all Chinese in the mainland China. It is undeniable if the home property price goes up even further and American families can not share the benefit. We may also see the same thing happens in the USA. The side effect is directed to the middle class of USA. That is why American people have to pay attention to their rent payments and related issues. That is the reason why scholars think it may be a good time to let the yield of US ten year Treasuries to go down a little bit and stabilize around 2.5%. The goal here is to encourage American families to own their houses as the propery price may go even higher. But the higher unemployment rate is the obstacle which stops American people to own their houses.

Dear American people:

  From the experience of national healthcare system in Taiwan, our registration fee to see a doctor is around 3 to 5 US Dollar each time, and we have to pay the treatment fee and the medicine fee and other self-covered fee like other medicare treatment for which the healthcare organization would not pay. Those fees could be covered by the private insurance policy if you have ones. Of course, as the US has higher living standard, the registration fee may be as high as around 6 to 10 USD each time, and the coverage of national healthcare system may be trimmed to some specific diseases like cough or other non-hospital-stayed treatments. In our system, teeth watching is covered but the teeth replacement is not. And the hospital-stayed coverage is limited to the 2-persons or the 4-person room and each patient just could stay in the hospital no longer than 14 days. If you want to have single-person room, the partial fee is covered and the rest is self-covered. Beyond 14-days, the self-coverage must be applied. Therefore, the private insurance policy is still an essential for ordinary people. 

  We learn that the private insurance policy is more expensive in the USA than in our country which may be due to the sophisticated treatment or more expensive one even the service is the same between both nations. That is the reason why the Americans may need a national healthcare system. It comes to some issues lately in our country, like over-used ambulance, the fee unpayment of the poors and other information asymmetric problems between the hospital (or doctor) and patients (or patients' family members). We still work on ways to solve those issues. Also, we face the shortage of doctors, like obstetric and gybecology doctors, surgical doctors and other easy-to-be-sued categories as patients may have a lot of misunderstandings or the doctor just wants to earn a little bit more (so he asks the patient to do the unnecessary treatment). Those doctors in the above categories are aged and more than fifty precent doctors are above 60 in our country as new comers from the medical school do not want to choose those categories. It just shows the low payment of our doctors and nurses since our national healthcare system works more than a decade. That is what you need to know. Do not follow our system setting and try to avoid those problems we have NOW. This time our system is doomed to collapse by itself in 15 years. We try hard to replace it with a better one. But all the rising costs faces the issue of who pays it. It is still an open question. Doctors and nurses here are full of disappointments about our healthcare system. That is not the case you should try hard to follow.

  All those regulations need a process of trial-and-error, to be honest to say, which needs some costs for the system training. If you really hope the system can work as you wish, you have to think through a lot of issues and take other country's experiences as your baseline for consideration.      

My Dear American fellows:

  My country, the Republic of China, the one you call it Taiwan, faces a big problem right now. I have to ask your help for this unresolved problem. All those years, I know the USA is a great nation which loves to help the innocent people all around the world. Now we need it. I really hope Americans can help us on this unresolved issue.

  Our Dean of Legislature Yuan, Mr. Wang Jing-Pin(王金平先生), accidently broke the law and asked the Minister of Justice not to recharge a specific law case. Based on this reason, his duty is relieved by our president, Mr. Ma Ying-Jeou, as Mr. Wang who was annominated by the Kuomintang(KMT). Our president, Mr. Ma, thought that Mr. Wang broke the law and used the power of the Dean, the Legislature Yuan, to ask the Minister of Justice not to charge a suspect, Mr. Ker Chien-ming(柯建銘先生), also a lawmaker of another party, the Democreatic Progressive Party (DPP). Mr. Ma thought what Mr. Wang and Mr. Ker did seriously damages our law system. Our president asked the Dean of Legislature Yuan, Mr. Wang Jing-Pin(王金平先生), to resign from his position. Unfortunately, he refused to do that. Our president, Mr. Ma Ying-jeou, had to removed Mr. Wang's party memebership which also caused the Dean lose his seat in our congress, the Legislature Yuan. Mr. Wang's seat is nominated by the KMT and the reason he can get the seat according to the total votes of our people calculated from the whole nation. As the Kunimtang(KMT) revoked his party membership, the once Dean, Mr. Wang Jing-Pin (王金平先生), lost his party membership and his seat in our Legislature Yuan. Mr. Wang also lost the title, the Dean of the Legislature Yuan. His seat losing was also reclaimed by our Central Election Commission. Mr. Wang was no longer our congressman anymore, but many people think the other way.

  Mr. Wang didn't want to surrender to the fact, he filed a lawsuit to the court to reclaim his party membership even he already lost the seat the day before yesterday. And he also used his people in the Legislature Yuan to delay the process of his own seat revocation. Mr. Wang chose not to leave his office. 

  My Dear American people, our country is in a jeopardy right now. Our country has faced a difficult situation. It may make our Legislature Yuan stop working on the law-making as each one wishes. I urge you to give us a big hand because our leaders do not know how to solve this conflict between our president and the dean of Legislature Yuan. Poeple's selfishness may cause our nation not to have the trade agreement with Mainland China passed in time. It also delay the further talk with the Singapore. It will let the world investors investing heavily in our nation to have a tremendous loss. I have to ask your help for the resolution of this situation.

  Could you send a group of people here to resolve our constitutional crisis? Mr. Wang had lost his seat in our congress, the Legislature Yuan, but he didn't want to leave. We need your help on this issue as the USA is the stronger supporter of our nation. We learn our democracy from the USA. We need your help badly. I am begging you to help us now.

Dear American People:

  Now you have to face the fiercely competition of Chinese cell phone companies or brands in CHINA, especially the one that is called XiaoMi 3. It uses the software of Miui V5 that is not Android or Microsoft one. XiaoMi starts its phone from the software perspective. So it can be largely extend its system with the hardware it wants. It will not be restrained by the software designed from the Android or other platform. The most important part is XiaoMi uses the Sharp screen and it also uses the latest version of Qualcomm CPU, and it also use the design to save its energy. It has the latest power management by using the other CPU to reach that. It also combine the idea of Nokia Lumia but it is much better than the previous one.

  Apple faces the not-equal competition just like other US companies in China. You know in China, you can not use Facebook or Google. You have to use Alibaba and Baidu. That is the reason why the e-commerce in China has its own way to work on. The most important issue is the advantage ot those US companies can not be used by people in China. They are trained to use Baidu and other service provided by China owm companies. It will be a big discrepancy for the Apple to get into the market of mainland China.

  I think the strategy of Apple has to change with this new situation. And the most important one is to consider develop some software that is specific designed for Chinese people in the mainland. It has to create an feeling of intimacy. It has to create some sort of fans who love to use iPhone 5c. It has to motivate people in China love to use Apple's cell phone to communicate with the one who also has the Apple's iPhone. The Apple has to design several softwares that can be used between all Apple's cell phone without any further costs which can draw great attetion of Chinese people in China. The iPhone 5c needs some good functions which can target the user habit of Chinese people in China. So it can compete with XiaoMi's own system Miui v5. The design of XiaoMi 3 is a breakthrough, people in China think it can be a great threat to Samsung as it does increase its popularity these days. So it will be a big threat to the latest unrevealed iPhone 5c. In the old saying of our wisdom ancient Chinese, "if you can not fight against your enemy, the fitst thing you should do is try to follow same steps your competitors do. Then try hard to have your own strategy that shows your true nature which can drag the eyeballs  of those ones who can afford the product." Watch out, XiaoMi may be the next Nokia somehow. XiaoMi will succeed to have its place and even greater market shares in China.

Dear American people:

  This time is no difference. The failure of Vietnam War is due to the selfishness of South Vietnam people. So is the Iraq and the Afganistan. I think the issue of Syria is not that different. The world is a cold blood place, even American people are with warm hearts. It does not change the world that much. Don't feel pity for yourself. Do not regret those silly wars. It just happens because American people are naive and with warm hearts. Children in Syria are suffered. People are weeping and women are crying. It is absolutely true that we still cage our souls in the deep dark world. Russia wants to sell their weapons to Syria, so does Red China. They have their benefits or interest there. Think about it, if American people borrow a lot of money in order to attack Syria, what will happen? Russia may use the money earned from the weapon selling to Syria and invest it in your treasury bonds and get those interest payments (which comes from American tax payers). So is China. This time is no difference.

 People think American just demonize the leader of Syria government. I have to remind you it just can not be done on one man's hand. There is an interested group that wants to keep their power and interest forever THERE. So how could you face that when you only try to remove the regime? The situations of Afganistan and Iraq tell us, it is just not the issue of who is in charge but how to have a peace in those countries. Democracy seems to be a stange word to Arab. I do know people may say that "Hey! You! Mind your own business!" But it is a pretty silly thing to see those happen again.

  There is an old saying in our wisdom ancient Chienese:"If you want to make someone a great general, give him/her a lot of wars to prove it. And there will be a lot of soldiers die for the general to show how greatness he/she is." I think this time is no difference that American people just try hard to have their own hero of the war AGAIN. But deep inside, you should ask yourself a question:"How come I pay so much to make a great general who seems to be irrelevant to my daily life? Just because I feel pity for Syria people? But they may get even worse hereafter as those things happen in Iraq NOW." There may be a lot of endless violences after the USA removes the regime. The situations of Afganistan and Iraq may happen in Syria, too. So we will face that..children are crying, women are weeping and men are just dying. 

  It seems to be the question that American people have to ask themselves: "Will American people want to occupy Syria until they have their decent peace or democracy just like Iraq and Afganistan?" What will happen if American people can not afford that? What will happen if American people get tired to be the world police? These days you just want to leave out Afganistan and Iraq without any reasons, right? We all know that the democracy has not been deep rooted in the world of Arab. They do not know the true meaning behind that the democracy is a form of debate without killing each other. American people always debate about some issues, always have different angles about a lot of things. But you will not kill each other by using forces, weapons,or even the gas. You debate and argue with each other and reach the consensus. We learn those kind of things has not happened in the world of Arab, especially from the lesson of Egypt. It just doesn't work that way.

  An alternative way may lie on how to let Syria to be a more civilized nation. That is what you should do. To teach the leader how to be a great leader without using that terrible ways to treat its own people. Or you should make sure the force used against the regime will not create Syria to be another Iraq or Afganistan. People are still dying and crying there, Iraq and Afganistan, EACH DAY.

  And from the economic perspective, everyone knows if the war starts, American may face the situation of Vietnam time again - the higher oil price and the higher pressure of inflation. So money will flow out of the States again. It will drive the US stock market go down. The USA is a country which depends a lot on its service business. How can you expect people get hired when their employers worry about the rising living standard of their own? I guess the war is bad to the States NOW. That is a sure thing. Of course, those people who live on trading may be happy finally as the weaker dollars give them another chance for the carry trade. But it is bad to ordinary American. It is the reason why I am oppose(this is the word what Mr. Kissinger uses.) the idea to remove the regime of Syria RIGHT AWAY this time.

  Besides, American do not need another Rambo to ruin their small town THIS TIME. Right?

Dear American people:

  You know Americans just can not afford higher medicare anymore if you do not have private insurance to cover those costs. That is the issue why American need the Obamacare this time. I know even those ones in the congress can not afford it if they lose their seats in the congress. It is the truth that nobody can deny. So the problem comes to mind is how to adjust the healthcare system and what it needs to be. That is not an easy job. That is the reason why no other president dares to challenge this issue except Mr. Obama.

  That is one side story. On the other hand, the story goes like this one: You can subsidize those disgusted money games of Wall Street for those years, they have wasted trillions of US dollars on their own safe and sound. How come you can not subsidize ordinary American people, to let them have some better and cheaper medical treatments? It is a SERIOUS question you should ask yourself. Just because they can't let those congressmen or congresswomen have what they want? just becasue they can't afford those elections you hold for those years? They do not donate that much to those compaigns? Or just because those people in the congress care nothing about ordinary Americans?

  Another side of story goes like this one. How come you can not have more doctors, more nurses and more hospitals and how come the price competitions just can not function well between them? The more supply should decrease the price of services and increase the welfare to all the people,right? So the reasonable question seems to be: How come the USA government does not provide more scholarship or tuition subsidies for those doctor and nurse raising programs instead to subsidize those wars far far away??

  I guess those questions need your sincere answers and discussions.

  (to be continued)

Dear American people:

  Obamacare is what you need desperately NOW, especially this time. When your people get their paychecks largerly less than few years ago. The USA need a big overhaul, but it can not be done in one day. Everything has to be discussed and has some concensus. We, ROC, or you call Taiwan, have the national heathcare system. Our doctors and nurses get much less paided, and sacrifice a lot of things on their fanily needs in order to support the system.

  As your talk show queen onces mentioned, it just can not happen in the States. For the beginning, your medical school need more funds to have a good doctor produced, how can you expect those doctors ask less money when they have a big burden of their tuitions in the school? They paid a lot on it. Every doctor has its school debt after they just graduated and become a doctor. How can you expect they sacrifice a lot to save others for free or almost nothing when they need to pay for those costs? Just as your MBA, everyone paid a big buck to graduate and become a master. How can you expect those ones do a lot of things without a big paid? So you may say that is the reason why it needs the government support. But it comes to a question. How much should the government pay for it? How to get those money to pay for it? In our experience, if the governement does not want to pay for it and does not want to ask the wealthy people to support, then all it has to do is to use the FLAT headcount TAX for all people in the country. Then it comes to the issue, those burden just goes to the middle class as the poor families have no money to pay for it. So they just do not pay for it even the governement impose a lot of restrictions on them. To cut their medicare, to not them join or use the healthcare system, to let them be discriminated or look down will get the attention of media that everyone thinks the government is cold blooded. They have no money, and we are a nation with democratic society. So in the end, we just let them use the national healthcare for FREE. We do not ask them to pay for the money they owe to the healthcare system unless they can have some decent jobs. But who knows when... We do not ask them to pay for it and we also give them some subsidies, the government transfers, if their family members need other things like school tuition, meals for every day life, etc. In the end, we find that our middle class is just disappearing even faster as their burden just get even bigger. And the government do not dare to ask the wealthy people to pay a little bit more for the healthcare system. So that is the situation we have. The others is we have poor doctors and nurses, they are so easy to have cancer than those doctors and nurses in other nations because they are so tired to cpoe with patients. And that is the reason why our government uses a lot of nonsense to cut the payments to doctors even they use right treatments on patients. Our healthcare authority just does not want to pay all of them and leave doctors or hospitals to cover those costs. They use a lot of excuses to refuse to pay for those treatments. It is the truth in our nation. So they just transfer those burdens on our doctors, nurses and hospitals. Is that what you want?

  It comes to your mind, if the Obamacare does work? If it does, then you have to change your a lot of things and even your mindsets on the issue. It is more than you know or imagine. On how much money you need to raise a mature doctor, on how much money you need to pay for the Obamacare. Even on how many items the Obamacare has to pay for. If the flu or other treatment without to stay in the hospital can be covered and that is all in the Obamacare. Will that be O.K. with you? Other things need a big operation or daily care do not be covered ny the Obamacare, is that O.K. with you?

  In our experience, it is not O.K. The reason is that our system wants to help those ones need daily care or daily assistant like kidney issue ot other natural defections. So everyone pays some for those who need that kind of treatment. The youngsters pays some even they do not use the system. The elder people get the most benefit when they just get old and need some hospital-stayed treatments. So it comes to another question, if your pension system does not need to pay for it anymore, will you want to have a burdenless pension system in order to change for those treatments covered in the Obamacare? Everything is connected with each other. Everything needs to be considered thoroughly if you want the Obamacare to be workable.

  It is a issue of some gain and some lose, you need to cut something in order to subsidy others. That is the reason why the Obamacare in some sense means a big society overhaul for your nation somehow.

Dear American Fellows:

  A greateness USA is gone for a long time. You overlook the burden of the world instead look at your own problems. The poor issue, the less education issue and the debt burden issue are all American should face. The discrepancy of wealthy people and poor ones in the States is more severe than you thought. The important ones are as follows: The first one is the problem of decreasing or shrinking manufacture jobs provided in the States. You often want to get the whole world's resources employed for your own good. People in many countries may not be that grateful to what you have done. Of course, I am grateful to what you have helped us for such a long time. But it has its limitation, We just can not waste our own savings to do the senseless thing - to join the careless and HORRIBLE money game you played in those years.

  The second one is Americans have to save their own country by saving more and to keep your financial system with a fairly distributive rule. The fairness here means that everyone wants to get richer, he or she has to work hard. The risk taking business should be rewarded on its creativity and entrepreneur. You should not make a fortune on the expense of others' savings. It is wrong. The financial system should benefit the hard-working ones instead merit the gamblers. Those who do nothing but the money games should be punished. It builds nothing but just piles up the indices means that you have to face the consequence if those indices just go down AGAIN. A vicious circle happens again and again in those years when we see some wealth redistributive cycles of bad money games. The riches get even richer, but the poors gets even poorer. It should be forbidden.

  There ia an article written by Dr. Titman in the Journal of Finance, 2013, which mentions about the negative externalities of financial investments. The USA seems to fall in such a vicious circle these days. The boom and bust financial markets just show the wealth redistribution from the governments of weastern nations to the wealthy people, from the taxes collected from each western nations to the private equity owners or hedge funders. It is undeniable that there are good private equity owners who invest in the FaceBook, the Apple corporation and other well known technology firms. But there are a plentiful ones who just move the gold bars from the system to their homes. The disgusted money game just can not repeat itself anymore.

  Americans have to change their mindsets that "the cheaper" is not the best way to live. Amercians people should have their national ideology that ones should buy a lot stuffs manufactured in the States, just like those people of South Korea. South Koreans love to buy Samsung, LG, and other things manufactured by themselves. Americans just want to buy cheaper things and do not care if it is manufactured in the States. You can go to the souvenir stores of Metropolitan museum located in the New York city, you will find out that ALL is NOT MADE in the USA. I was surprised by this kind of things several years ago. When I tried to bring  home with something made in the USA, I got no one. So I decided to buy NOTHING. It is a warning sign. Besides, the warning also tells us that your people even do not buy daily necessities that is made in the USA amymore.Yes, it may be more expensive but it provides jobs. How can you expect people live in the States have money to save if they can not get decent jobs? It is wrong. The free market spirit should be preserved, but some of those products should be built in the States if you really want to save more money.

  The good cycle begins from the jobs creation, to the money saving and to the well functioning financial markets, and it just bring the wealthy people to take risk and build something new, so more job created and more money can be saved by the Americans. The good cycle has to be rebuilt and the old-bad-money-game has to be shattered.

  It is a common sense but it just should be repeated all the time until American people get those messages done in the future. Or you will never solve the wealth inequality issue between wealthy families and poor ones. And the middle class of American will disappear even further than you know NOW.

  Make a big change and no more money games,PLEASE. May God bless you.

Dear American fellows:

  I am so sorry to let you know the truth that American still can't get on its feet. And there are many constraints you have to face. In the following paragraphs, I have to mention a couple of things that you need to be notified.

 (1) The Amercian pension system: As the economy can not have such a big growth and Americans can not save so much money anymore. The old pension system comes to the crossroad. Anyone knows the detail will have to tell you that it needs a big overhaul. Defined benefit system has to be changed to be a system with some defined benefit for the basic livings and with a large part of defined contribution for the extra. When the USA just barely to grow 2 percent a year in the booming time, it just show how ridiculous the old pension system can be. No one deny that the elder people did contribute a lot to the society of the States. But they also enjoy and take a larger share of those benefits in those years already. American people have to tell them it just can not go that way anymore as we couldn't earn that much money to help your retirement. It has to be changed! If it can't be changed, there will be little incentive for the job creations as the USA has the big burden on the pension issue. The corporation are afraid to go bankruptcy if they hire too many people this time.

 (2) The incentive to save: Even American people earn less than used to be, you still need to save no matter what. It has to be that way. Please keep in mind that China is in a better shape this time, the only reason is they are not afraid of the downturn which is due to the greatly higher saving rate and a big pocket of every one.

 (3) The healthcare system: The USA has the most expensive healthcare system, it has to be changed. You should be briefed that it has some connections with your pension system. In our experience, if the healthcare issue is coped with well, the pension could be largely reduced as the elder people need most are the healthcare. The cost of healthcare could be reduced with the redution of pension scheme will be a lovely thing for Americans this time. And it has to be that way for the future of Americans.

  I do not like Mr. Obama either. But he is right from the beginning. He insists it has to be changed in the healthcare is right. But he forget to know the issue better. If the heanthcare system is adjusted with the pension system accordingly. It just shows the success of a big transformation of American society. American was one a great nation, but it is not anymore. The reason behind is the heavy burden of pension systen, the notorious healthcare cost and too much higher cost of livings. It just have to be changed or you will never get out wood until you figure out how to resolve those issues.

  The most thing I am impressed from those years is American peopl always have some flexibility for the new situation and always come out with some resolutions(temporary or permanent) on the newly emerging problems. I think the pension system and the healthcare issue are both the most important issues that the Obama administration has to face from now to those years to come.

  May God bless you!!

My Dear American people:

  I am sorry that I will never say those strong words to you. Even I really want to, but I could not. I believe in God.

  I should let you know that the money game must be end somehow. When American companies have their credit ratings back, and those universitiy endowments funds have their money back. The money game is about the end. Now you should try to create some decent jobs in manufactures instead of financial services maybe. It is obvious that your financial institutions do not want to share their profits with the whole country. That is fine! Do not count on the financial institutions which can create new jobs. I have to remind you. The white familiy is just as poor as the black family these days. And the situation just gets worse. There are a lot of families of white people just as poor as the illegal Latin families. It is the truth you have to face. The financial system need a big overhaul somehow. That is the only thing you have to do!!

  If Americans think that the nation is out of wood, I think the answer may be "Yes! In some ways! You are!! But on the other hand, you are not!!" The USA still has more than 14 trillions US debts outside. It has to pay back to those debtholders. The Obama administration tries so hard to turn all those ugly debts of every endowments of universities (esoecially Ivy league), all those nealy or just bankrupt companies, all those nearly collapse financial institutions (they should be institutionized! I guess!) into the burden of the USA government's own debt. That is the truth. But it just can not go on forever!! We can not count on  the financial market high flying all the time and just expect it well well above the reality. It must be ended. If you do not think that way, you can see the example of Venezuela. Its stock market goes thousand times than used to be. But people think it is a well behind nation. Be reasonable, the USA just can not be that way.

  I guess all I have to say is "May God bless the USA!!" It is blessed before, but it may not be that way ANYMORE if you do not change.

  其實老美自己也知道自身的金融產業跟相關知識都已經有點走到了盡頭;簡單的說,老美在金融產業上面是一蹋糊塗的,而老美在這個部分的知識其實大多都是錯得離譜的!!否則也不會荒謬到做金融機構的deregulation,放任投資銀行包裝一大堆的CDO與Subprime MBS等奇怪金融商品,還欺騙自己人去買了一大堆,最後不論是亞洲的保險公司,亞洲的銀行,美國自家的金融機構,歐洲的金融機構都賠掉原始投資金額的一大半以上,最後只好美國政府花大錢來收拾做QE跟OT,原因只是希望讓這些賠錢的金融機構自己去市場裡面套利,將賠掉的錢賺回來,很多亞洲的散戶在西元2008年根本是賠掉了一大半,也沒有辦法跟法人一樣有錢再投資去賺回賠掉的錢,而美國最後還是不肯將Glass-Steagall法案恢復,投資人也只能繼續心慌慌!歐洲的金融機構會做deregulation的原因在於很多金融機構都有政府的持股,因此銀行賺到錢是會回饋給政府的!其實外人也不是很適合去做甚麼評論,但是美國的投資銀行跟商業銀行該做切割是絕對正確的道路,這點美國人只要不做,美國的金融市場永遠都是有資訊的人宰割沒有資訊的人,我想這點美國人必須有很清楚的認知!當然我們也都見到了因為金融機構的問題,導致目前歐洲失業率這麼高與還有很多銀行是快要倒閉的情境!即便是德國都很難倖免於難,只是這就是金融機構過度自由化,以及放任避險基金到處賺各國政府的錢的問題,這點是美國,日本與歐洲的大問題!財富的分配與各國政府債台高築的結果,竟然是有錢人繼續有錢下去,說來也是件非常奇怪的事情!

  美國在2008年之後的救市,基本上就是拯救破產企業員工的退休金與很多有錢人的股票投資,說來也是有點可憐,因為連Harvard與Yale大約在上次金融海嘯當中也都虧損掉很多的endowment!當然知道美國政府做了這麼多的QE,這些endowments應該也賺回來不少錢,但是別忘了,最後這些都只是債務上面的移轉,從民間的各個角落移轉成為美國政府的債務,關於這點美國人是要有認知的,從全世界的各個角落移轉成為美國政府的債務!!美國政府至今只能繼續鼓勵大家,要對國家有信心,事實是...美國境內的白人目前貧窮的比率已經跟黑人差不多,很多很多的美國白人家庭窮困的情況並不輸給黑人以及後來非法移民到美國拉丁裔,我想這些都是美國自己必須要充分的認知!!繼續永無止境的金錢遊戲,賠錢再找政府出來賠,套句Obama過去自己說過的:"It has to be ended somehow! No more money game!"美國人需要的是真實的工作,跟金融遊戲無關的工作!! Americans need is a decent job. Do not let Americans play those horrible money games anymore. Let them have decent jobs!! It seems to be an echo to myself.Yes,I also have no job!!

  我們該體諒老美缺錢的窘境,希望亞洲人能夠再捐一點錢給他們!!我想這點,我是能夠多體諒的!!

My dear American people:

  Sorry for my lousy English! But this time, you have a big problem. As your banks get bigger and bigger, it may lead to two problems. One is the small scale company who can not get enough fundings for their own business development. And the other issue is you still in the danger of financial systemic risk. If those financial institutions get big trouble from their investment banking department, it may jeopardize the whole company. And even more,those holding companies may have big troubles and let your financial system to fail AGAIN. To be honest, a lot of people still think that the separation of investment banking and commercial banking is the only good idea nowadays.

  The separation of those banking departments can have a stable financial system. This time, the separation should come with the new regulation on investment banking. You should have rules for those investment bankers. The Lehman Brothers gives us a hard lesson. You finally found that there is no rule can be put on those investment banks. It causes a big problem when they have business relations with other financial institutions, like insurance companies. The contagion effect strikes. The things gets even ugly when those institutions has the long-term funds saved from ordinary people. According to those situations, a lot of people think this time YOU should be different. The States should have strict laws for those investment bankers. The USA should requires more capital reservation on the financial institutions with lager department of investment banking. This is the first priority that the States should pay attention.

  A lot of people think the separation promotes the employment and let the rate go down even faster than we think. It is a hypothetical theory which remains to be confirmed. But it may be a good idea to divide those banks to where they were several years ago.