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Free Online Forex Trading Courses - Some Basics

Are there any good free online courses on the Internet? It all depends who you talk to. Before you decide to believe everything that you read after you download free online courses there are a few issues that you should be aware.

First of all, the best things in life are not always free and the same can be said of these free online courses. Consider who is offering the free online course. Why are they giving the book away? Are they promoting a particular site or trying to get you to enroll it? How pushy is the material inside the book when it comes to getting you to invest on a certain website? The answers to these questions could all be factors regarding the integrity of the information you are being handed for free.

Another mark of better quality free online courses is a lack of replication of widely available information. You know you are reading a book that is probably not written by a good if most of the information in it can already be easily found by surfing on the Internet. You might be better off simply sticking with the and how-to articles offered on the company sites rather than being guided by a badly written e-course or e-book.

The best free online courses will not be limited to the discussion of how just one company . It will give you a comprehensive view of how all of the sites run by major work when it comes to the process of .

Many sites that offer also offer free online courses. This is part of their incentive to get you to sign up with them. These courses are invaluable, especially if you have decided you will already sign up with a company as a .

Tiffany Walker has cracked the code to in online. Read her most recent articles here: Free Online Forex Trading Courses.

Posted by admin on December 13th, 2008

How To Make A Million Dollars Online

There are many stories about making it big on the Internet. The mere fact that a of companies, including multinationals and very big local , are now a of to have a slice of the untapped Internet market is enough that internet can offer you a chance to earn a if you only knew how.

To put it another way the is there. The market is there. You *can* create one online.

If you are truly interested in getting rich and making via the internet, you need to have a of in studying the ins and outs of the cyber world. Below are some ways on how you can make millions of dollars online:

Online auctions

A of have really made it big with the help of online auctions. Even before online stores were put up, online auctions have already established themselves as venues where you can buy and sell almost anything under the .

(Hint: Start small and on what works. Then, on consistent growth, not hitting it big instantly.)

If you want to make it big on online auctions you need to provide items that are rare, inexpensive, or unique and creative. Collectibles, hard-to-find toys, first edition , antique command very big . Therefore, if you are willing to part with your own collections or have an eye for finding good bargains, you will surely make millions of dollars on the Internet in no time.

(Hint: Find a “secret supplier” and you’ll make a online faster than you can imagine.)

Another way of getting rich via online auctions is by looking for suppliers that will give you huge discounts on popular items. For example, you can make big bucks by popular items, such as toys or , at wholesale prices and selling them at regular prices.

Again, the key here is finding suppliers that will provide you with bottom prices and a big profit .

Creative and unique items are also hot on the Internet. Most items that popular celebrities have used, such as toothbrush, a half-eaten sandwich, a table napkin with a lip imprint, are bona fide cash cows. Moreover, items of political figures, literary icons or well-loved artists are also in demand on the Internet. If you have access to these things, you can really make it big.

Secret: your connections and your . your . Write an and sell it on again and again. Remember, on what works, then on growing that.

Beware selling celebrity items…

The only problem with such items is how you can prove to the public that what you have is the real thing. If you defraud into believing that what you are selling is authentic, even if it is not, there is a big chance that your customers will give you bad reviews and will be sending out emails about your actions. Thus, you must remember to be honest and fair when dealing with online customers.

How else can you make a million online? Sell your goods over the internet.

Aside from online auctions, you can also sell your goods or services via the internet through your or company website. If you are a producer or a manufacturer, your customer base will expand, including potential customers overseas. Thus, you can instantly make your small local company into a global entity with the help of the World Wide Web.

Remember, your million online can start with just one on a topic you are an on. Think about it!

Since you are dealing with different from different countries, you need to ensure that you already have a good of freight or delivery rates before you even start selling online. shop online because they do not want to go to shops anymore and would just like to receive the things that they bought in the comforts of their own homes or offices. Thus, you must look for delivery services that are not only fast, but also affordable.

Aside from goods and products, you can also sell your services over the internet. You *can* be a consultant, and you *can* make a of from it.

There are many freelance writers, fashion designers, architects, translators and even secretaries that make big just by providing their services to companies or via the Internet.

Here’s another way…

Online

In just a couple of months, you will be able to earn millions if you know how to trade online. However, is very risky, so you need to study the market, the and news all over the world before you start dipping your hand to such an undertaking.

Ensure that before you even invest a on online , you should have at least attended free tutorials or have read about .

There are many factors that affect the rise and fall of so you need to have a good of what these factors are and how these would affect the basic you want to trade.

Hint; If you’re serious about making a million bucks online you need a . (That is certain.)

So…

Are you interested in starting your *own* online today?

Are you really interested in making online, with almost no effort?

Are you interested in getting started today, right here, right now?

Creating an Online Business 101 - the of building your own that earns $1,000s a month in a matter of weeks.

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Start living the life you want. Enjoy your . Kill your day . Create an online starting right now.

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Posted by admin on November 16th, 2008

Who is Dr Ralph Wilson - An in Depth Review

Dr. Ralph Wilson is widely regarded as being one of the most influential and highly rated international internet consultants in the nation today. He has gained this well deserved through his years of work both with online companies and with real world as well.

throughout the are awed by the humility and kindness that this man shows to all around him. He is also the founder and editor-in-chief of his own company and publication that is entitled Web Today, which was established in 1995. Web Today quickly found a market for itself and is continuing to grow in among the internet community.

His website has over 2500 pages and 1700 links. The sheer size of this undertaking is inspiring. have been amazed at the depth of and information that Dr. Wilson is capable of providing to them in relation to and . He has created some highly innovative that does a wonderful at helping you keep your afloat and on this website he has plenty of links and tools that you can access for free.

Ralph Wilson is a winner of the Tenagra Award for Internet Excellence and he has personally written hundred of and articles, many of which are found online at this moment.. Some of the online publications by him include Planning your Internet , The E- Handbook, and The Cart Report. These have all enjoyed an amazing acceptance by in and . His opinions and ideas are often sought both by experienced and companies alike.

In his many frequent online writings, Dr. Wilson is able to share his ideas on the internet market today, as well as his thoughts and predictions on future trends. The ideas and concepts that he has been proposing and giving voice to over the years are some of the most dynamically successful ones that are used today.

Ralph Wilson is much in demand as a dynamic and charismatic on internet , online growth and e-commerce. His seminars and classes are usually standing room only. Students at many of the university campuses all over the nation have been introduced to this well spoken and intelligent businessman.

As an ordained minister he serves in local congregations and maintains his own internet Studies as well as a Christian writing ministry. He is not a man who will shy away from his beliefs and convictions and he even includes links to his faith in his top websites.

Ralph Wilson remains a simple man with simple tastes in life and he loves to play the guitar, do woodworking, read Civil War , and walk in the woods. He lives with his wife and family in Loomis, California and has several degrees from colleges.

Joshua Valentine is a top internet who works with industry leaders from around the world. He has a for achieve their , and aspirations. To more about Joshua Valentine and his team of Marketing Mentors Click Here

Posted by admin on November 15th, 2008

Forex Trading Tips For the Successful Trader

The market is the world’s largest market, attracting thousands of around the world. Traditionally, the market involved between , , multinational , and other . Recently, the market has been an area of interest for individual as well, thanks to the burgeoning of online . The extensive of the market and its long hours allows the transactions to be of a varied nature, potentially very for .

The potential gains from the market come from the state of constant flux the rates experience. Traders should look at volatile activity as something to take of, instead of being alarmed by the same and cutting off . There is always the of in , and perhaps more so than other options, as there is no controlling body or one centralized system to guarantee returns. The traders agree on a credit system that they use for with themselves, and you will come across brokers that practice arbitrage, using different spreads, and different margins. It is always a good idea to select brokerage firms that offer low spreads, and high levels and have an appropriate figure.

Keep an open mind when , because the values are always in a state of flux. Instead of being ambitious, try to opt for reasonable , and look for the most opportune moments to sell off a pair, when the most quote is reached for that pair. As a first time , it is best to stay away from however, because larger amounts than your deposits might induce the factor, and hamper your . Know how to calculate values, which are basically representative of the smallest movement that is possible in the price of one against another . This will help you make a .

Try in off peak hours, when the posses a substantial to small retail traders, somewhere between 2200 CET and 1000 CET, as the positions of the is flexible during the time when there is small transaction volume passing through. When the latest , exchange rates are released, the market volume is high, and this is the time serious throw in large . It is crucial that you are aware of the latest exchange rates, values so that you can calculate how much you stand to gain for a particular transaction.

To make the most , always use a to support your decision making. Such a can mean hundreds or even thousands of extra dollars in your pocket each and every month.

To read more about 1 recommened , click here: Forex Killer Review.

John works from . He writes often on , , and . There is more than one . To read John ’s of the 2 best ones, click here: Automatic Forex Trading Robots.

Posted by admin on October 28th, 2008

Make Money Online - Legitimate Ways to Earn Real Money

If you are interested in starting your own online but do not know where to start, the following information may be helpful. Start out by doing a search on your favorite for ‘work at ’ opportunities. This will seem overwhelming to you as there are thousands of ads that will come up.

Since you do not want to waste time, how do you weed out the and find the legitimate opportunities? If the website does not offer enough information, does not have information, demands a large or makes unrealistic , move on.

When you do find a program that interests you, pay attention to the product. Is it digital information or a physical product? If it is something you have to promote to make , you need to have some of the product in order to convince others to buy it.

A crucial component of any is the support you receive. Does the program you are interested in offer you support and guidelines before, during, and after your ? Or do they take your and leave you on your own?

If there IS an required, always proceed cautiously. Is the cost reasonable and does it the program requirements? Can you get a refund if you request it?

Can you really make from the program? Never waste your time or on something that makes unrealistic of quick cash for no work. Any requires an of work and time to build an income.

Make sure your expectations are realistic. It will take time to start earning an income. If your requires you to market a product, develop a plan. If it does not work, be flexible and try something else.

Listed below are some legitimate online work at opportunities:

*Affiliate Programs: Considered by many to be the easiest way of making online, being an affiliate means you are promoting products owned by other . You make your by referring customers to their website.

Affiliate programs should not charge any start-up fee. Make sure the are generous, at least 50%.

*: The largest online site, drawing millions of every day, is one of the easiest and most ways of making online. It is the first place most check when they are looking for items, both new and used. You can sell almost anything you can think of.

Make bargain hunting your new . The best places to find items to resell on are garage and yard sales, estate sales, local auctions, and newspaper classifieds.

*Paid Surveys: There are hundreds of companies online searching for to take their online surveys. Do your research and take your time to determine what companies actually pay you cash and what companies enter your name in a drawing for prizes. This can be a very lucrative .

In addition to the above opportunities, there are many other .

*Work-At- Directory Listings: There are many legitimate work at directories available online now. One of them is WAHM (Work At Moms). This is a very good place to start. Their site offers listings, helpful articles, message boards, and classifieds.

*Company And Corporate Websites: All major and companies have their own websites. If they have a website, there will be a link for . You may have to spend some time searching, but it will be there.

*General Employment Sites: There are many websites for general searches (monster.com, careerbuilder.com, etc.). Just do a search for and you are on your way.

*Online Newspaper Classified Ads: Nearly all newspapers have their own websites. Check out their classified ad section. You can also do a general search for ‘newspaper classifieds’ and you will get hundreds of links.

The only requirements to finding a online are time, commitment and perseverance. You must stick with it and stay focused. There ARE out there. Hopefully, the listed above will help you in your search for legitimate -based .

Debra Gropp makes on the Internet by doing everything from paid surveys to working for affiliate programs. Her articles pertain to the subjects she is most interested in, online income opportunities, diet, fitness and health-related information.

Posted by admin on October 23rd, 2008

Putting The “Federal” Back In The Federal Reserve

In a July 19 Wall Street Journal article titled “Why No Outrage?”, James Grant quoted Mary Lease, a 19th century Populist who urged farmers to “raise less corn and more .” Grant notes that behavior that would have been with outrage in the 19th century is now with near-silence from a too-tolerant populace. For decades after the Civil War, monetary reform was a chief political issue, one around which whole political parties formed. Why is it hardly mentioned today? Grant suggests that the lack of outrage may be because the old 19th century Populists actually won:

“This is their system. They had demanded paper , federally insured deposits and a heavy governmental hand in the distribution of credit, and now they have them. The Populist Party might have the elections in the hard times of the 1890s. But it won the future. . . . They got their government-controlled (the opened for in 1914), and their government-directed credit [Fannie Mae and Freddie Mac]. In 1971, they got their pure paper . So today, the Fed can print all the dollars it deems expedient and the unwell federal giants, Fannie Mae and Freddie Mac, [to] dominate the of origination . . . .”

Mr. Grant may have answered his own question, in another way than he intended. Most , evidently including Mr. Grant, actually think that the is a federal agency; and that paper dollars are issued by the government; and that Fannie Mae and Freddie Mac are federal giants. The American are silent because they have been duped into believing they have gotten what they wanted. In fact, what the got was not at all what the Populists fought for, or what their leader William Jennings Bryan thought he was approving when he voted for the Act in 1913. In the stirring speech that won him the Democratic nomination for President in 1896, Bryan expressed the Populist position like this:

“We say in our platform that we believe that the right to coin and issue is a function of government. . . . Those who are opposed to this proposition tell us that the issue of paper is a function of the and that the government ought to go out of the banking . I stand with Jefferson . . . and tell them, as he did, that the issue of is a function of the government and that the should go out of the governing . . . . [W]hen we have restored the of the Constitution, all other necessary reforms will be possible, and . . . until that is done there is no reform that can be accomplished.”

Bryan in 1896 and again in 1900, but he went on to lead the opposition in Congress. A major panic in 1907 led to a bill called the Aldrich Plan, which would have delivered of the banking system to the Wall Street bankers. However, the alert opposition, led by Bryan, saw through it and soundly defeated it. Bryan said he would not support any bill that resulted in private being issued by private . Notes must be Treasury , issued and guaranteed by the government; and the governing body must be appointed by the President and approved by the Senate.

To get their bill past the opposition in Congress, the Wall Street faction changed its name to the Act and brought it three days before Christmas, when Congress was preoccupied with departure for the holidays. The bill was so obscurely worded that no one really understood its provisions. Its backers knew it would not pass without Bryan’s support, so in a spirit of apparent compromise, they made a show of acquiescing to his demands. Bryan said happily, “The right of the government to issue is not surrendered to the ; the over the so issued is not relinquished by the government . . . .”

That was what he thought; but while the national supply would be printed by the U.S. Bureau of Engraving and Printing, it would be issued as an or debt of the government to a private central . The is wholly owned by a consortium of private ; it is controlled by bankers; and it protects their interests. It issues Notes ( bills) for the cost of printing them (or, more often, for the cost of entering numbers on a computer screen). This privately-issued is then lent to the government, and it is owed back to the private with interest. The interest is eventually refunded to the government, but only after the Fed deducts its operating and a 6 percent guaranteed return for its shareholders.

Congress and the President have some input in appointing the Board, but the Board works behind closed doors with the regional bankers, without Congressional oversight or . CEOs actually on the boards of the Fed’s twelve branches. As just one recent example of the private of public monies, in March of this year the New York agreed in private weekend negotiations to advance $55 billion of the ’s so that JPMorgan Chase could buy Bear Stearns at the bargain basement price of $2 a share, down from a high of $156 a share. It was a hostile takeover, not approved by the Bear Stearns shareholders or the American voters. JPMorgan Chase is the founded by John Pierpont Morgan, who sponsored the Act in 1913. Jamie Dimon, the of JPMorgan Chase, sits on the board of the of New York, which dominates the twelve ; and he has huge holdings in JPMorgan Chase. His participation in the decision to give his $55 billion in is the sort of conflict of interest that federal statute makes a criminal offense; but there is no one to prosecute the statute, because the banking lobby is too powerful to be denied. The banking lobby is powerful because private bankers, not the government, create our and who gets it. (See Ellen Brown, “The Secret Bailout of JPMorgan,” May 13, 2008, www.webofdebt.com/articles; and “What’s the Difference Between Lehman Brothers and Bear Stearns?”, June 14, 2008, ibid.)

The Act of 1913 was a major coup for the international bankers. They had battled for more than a century to establish a private central in the United States with the exclusive right to “monetize” the government’s debt; that is, to print their own and exchange it for government securities or I.O.U.s. The Act authorized a private central to create out of nothing, lend it to the government at interest, and the national supply, expanding or contracting it at will. Representative Charles Lindbergh Sr. called the Act “the worst legislative crime of the ages.” He warned prophetically:

“[The Board] can cause the pendulum of a rising and falling market to gently back and forth by slight changes in the discount , or cause violent by greater variation, and in either case it will possess inside information as to conditions and advance of the coming change, either up or down.

“This is the strangest, most dangerous ever placed in the hands of a special privilege class by any Government that ever existed. . . . The system has been turned over to . . . a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible from the use of other ’s .”

In 1934, in the throes of the Great , Representative Louis McFadden would go further, stating on the Congressional record:

“Some think that the are United States Government . They are private monopolies which prey upon the of these United States for the of themselves and their foreign customers; foreign and domestic and swindlers; and rich and predatory . In that dark crew of pirates there are those who would cut a man’s throat to get a out of his pocket; there are those who send into states to buy votes to our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic of crime.

“These twelve private credit monopolies were deceitfully and disloyally foisted upon this by the bankers who came here from Europe and repaid us our hospitality by undermining our American .”

As for Fannie Mae - the Federal National Association - it actually began under Roosevelt’s New Deal as a government agency. But like the , Fannie Mae is now “federal” only in name. In 1968, it was re-chartered by Congress as a shareholder-owned company, funded solely with private capital. If it were a , today it would be the third largest in the world; and it makes enormous amounts of in the market for its private owners. In 1970, Freddie Mac (the Federal Corporation) was created to provide competition and end Fannie Mae’s monopoly in the secondary market. But Freddie Mac too is a wholly shareholder-owned, publicly-traded corporation.

Under a 1992 law, if either of these two giants is seen to be severely undercapitalized, it may be placed into government conservatorship. But the plan now being pursued is to bail out these private by increasing their capital base with taxpayer and their profit margins with greater access to . The result will be to privatize to their management and shareholders while socializing to the taxpayers. We the will foot the bill. If the are going to bear the , we should reap the . Either these two mega- should take their licks in the market like any other private corporation, or they should be nationalized, delivering not just their but their to the taxpayers. Not just Fannie Mae and Freddie Mac but the itself should be made truly federal entities, as the voters have been led to believe and their names imply. Remove the myth that these Wall Street-controlled entities act by and for the rather than being run for private gain, and we will soon see the outrage Mr. Grant says is curiously missing.

Ellen Brown, J.D., developed her research skills as an attorney practicing civil litigation in Los Angeles. In “Web of Debt,” her latest book, she turns those skills to an analysis of the and “the trust.” She shows how this private cartel has usurped the power to create from the themselves, and how we the can get it back. Her eleven include the bestselling “Nature’s Pharmacy,” co-authored with Dr. Lynne Walker, and “Forbidden Medicine.” Her websites are http://www.webofdebt.com/ and http://www.ellenbrown.com/

Posted by admin on October 21st, 2008

Best Foreign Exchange Trading Tips And Strategies

I’m here to help you find the best and that you can use on your daily to help you be a better . This is an exciting market, and for most , they are new and want to as much as they can. I’m here to share a little with you.

  • The Point of a : A platform (or account) is a way to practice without actually having to use your . It’s really just a simulator of the process. accounts won’t make you an . It isn’t designed that way. You will often hear experts claim that demos are a waste of time and that is precisely the why. They have a great role for new though. The first thing is that you get to how to use your platform. You don’t have to worry about making a or pushing the wrong button. If you don’t know what something is, push and find out. The second thing is that you can work to develop a routine for yourself. A way to start acting on a regular basis with your platform. Lastly, you can try out some to see how good you are to start with.
  • You Trade In : All this means is that a single in itself doesn’t really have a value. It’s value is always with to another . You have to be aware that when you’re looking for a good trade, you may not see one. But if you change what you’re comparing it against, it could be an excellent buy for you. The Euro compared to the Canadian could be considered a bad trade, but the Euro compared to the USD could be a great buy. Always remember you’re viewing things in .
  • : You should get your hands on like Killer. All the big and have working for them, so you should take of it too. They allow you to automate your process. They also have ways of find trends that could be very for you.

I’m currently giving a 7 day free forex training course. and experienced are all welcome. If you’re interested in participating, check out the Casual Forex Trader.

Posted by admin on October 21st, 2008

Teleconferencing Technology

Teleconferencing has provided businesses with an entirely new way of communicating over long distances. In fact, it helps save on and has also helped owners increase the productivity of their by providing them with the ability to communicate via telecommunication methods. Finally, as more businesses catch onto the teleconferencing wave, will see more and more businesses reaping the.

Teleconferencing gives businesses the ability to have meetings over long distances, conduct briefings, employee , workshops, seminars, lectures and more between individuals who might not otherwise be able to easily get together. So what exactly is teleconferencing and how does it work?

First, there are different forms of teleconferencing . For one thing, teleconferencing is not only available to businesses; it is also available to individuals in their homes. The most simplistic version of teleconferencing can be identified in the use of three-way calling, a simple that allows several individuals to talk at one time while they are all located in different locations. Many make use of this on a , to communicate with and family and thoroughly enjoy the ability to all talk together.

As well, businesses and make effective use of such . Every day, businesses conduct conference calls that make information exchange between offices, employees, or from one location to another far simpler than in the past when they relied on special mailing and meetings to share such information.

Thus, serving both the individual and businesses, teleconferencing appears to have a promising future indeed.

Teleconferencing can also be conducted online, along with other types of online conferencing services. , yet similar, to teleconferencing are the web conferencing techniques that are also available. With the Internet, companies can use both live web feed and audio to conduct meetings and make . Further, with various web conferencing features, businesses can from the use of special applications like that in Excel, Access, PowerPoint, and can transmit various images from one place to another within a matter of moments. Conversely, a simplistic method of web conferencing includes using instant messaging systems and privately designed in which businesses can conduct discussions, meetings, planning of projects and more.

In the end, the of teleconferencing and web conferencing are tremendous. Businesses and individuals can communicate with relatively little expense and just a of planning. Plus, travelling is not required to keep employees or other individuals up-to-date and informed about important events. Likewise, for the individual, both teleconferencing and web communications offer a unique way for to keep in touch with one another. Thus, in saving of precious time, equally precious , and in the ease with which communication is established and maintained, teleconferencing and web conferencing provide unique to all individuals that choose to embrace and utilize the technologies afforded to them.

——————————————————-
Michael Russell
Your Independent guide to Teleconferencing
——————————————————-

Posted by admin on October 17th, 2008

A Shell Game of Coal Dust and Green Olympics

There are only 270 days left until the opening ceremony at the Beijing Olympics. Between now and the time the torch is lit and the Green games start, 38 new pulverized-coal fired power plants will open.

Statement after statement about how this Olympiad will be environmentally friendly and the amazing lengths China is going to with to power generation in Beijing is plastered around the news media daily. That is the - well, half of it. Media releases seem to conveniently leave out the other half of the information: While there is tremendous on this single city in Green development, the remainder of the is left behind in a haze of contaminants and smokestack particulates settling on nearly every square centimeter of land except a few isolated pockets in remote mountainous areas.

On one hand, China claims to the world it is going green to help us all against change and pollution . But read the newspapers - for example, “Nation not a Threat to World ” in the China Daily. That article boldly claims that coal accounts for 70 per cent of the ’s needs and with proven reserves of one tons, these reserves can satisfy Chinese demand for the next 100 years. It also paints a different picture.

We need to look deeper into the mind frame of Chinese society to understand why this is happening and why coal use is set to intensify as our planet a further drop in conventional crude oil production.

Making : Chinese society is complex in ways Westerners overlook or do not understand. “Mianzi” or “”, for example, is the biggest stumbling block to our understanding consumption patterns of and electricity usage in modern China. “Mianzi” is best explained as , social standing or how others see you in their eyes. The Chinese are pre-occupied with “mianzi” to the point that made in life are all about appearance. This includes government and . In order to continue with a roaring that pollutes along the way, China has to “make ” with Western showing that they are committed to help solve their own pollution problem from within. This is their front , what lies behind is the true . There are always two faces to everything in China.

Construction of hundreds more pulverized-coal-fired power plants assure coal will likely remain the fuel of choice for many decades in China. Despite economic, social, and environmental problems coal creates, it is the fuel that will allow the Chinese sector to continue expanding along with coal affiliated mega- involved in power generation, utilities, railroads, mining and all of the in between listed on the Hong Kong, Shenzhen and Shanghai . Unemployment is the biggest concern for the central government at the moment using an economic growth policy focused on creating as many as possible supersedes environmental protection every day of the week.

Renewable : China’s national renewable- law went into effect in January 2006, offering incentives for renewable development. Chinese authorities want to generate 16 percent of their needs from renewables by 2020; this includes small and large scale hydropower, wind, biomass, and solar power. Gargantuan expansions of nuclear power and coal to liquids projects are on the as well.

Forecast coal output is expected to reach 2.7 billion tons in 2010. In the first half of 2007, China generated 1,122 billion kilowatt hours (kw/h) of electricity, up 13 percent from last year. During the six month period, hydro-electric generators provided a total of 156 billion kw/h, increasing 22 percent year on year; thermal-electric generators provided 940 billion kw/h, up 12 percent; nuclear generators provided 26 billion kw/h, up 15 percent, according to the China Electricity Council (CEC). Even at 16 percent renewable generation by 2020 the enormity of coal consumed to generate over 6 billion kW will increase total coal usage exponentially compared with today.

Predictions for substitution levels of hundreds of millions of kilowatt hours to be reached are “mianzi” driven and notoriously uncertain, if not overstated, to “gain ” on the international stage. Feasibility studies of these projections are in question especially with severe water shortages plaguing the and talk of the being able to reduce its reliance on coal is disheartening when looking at increases in coal mining, usage and importation in the last two years, which were the highest levels ever.

Lies and Statistics: Half-truths are so common in China that there is no negative stigma attached to lying, especially if it is to “save ” for your family, self or . For example, six months back China forbade ethanol production using consumption grain crops because droughts and floods were set to decrease the season’s harvest. Two months back, with prices becoming too high, the government sold stored grain at onto the market to bring down prices.

Amazingly, just a ago I read that this year’s crop harvest was a bumper harvest and grain production had increased year upon year from 2004. This is considered “saving ” by telling a half-. The Chinese government wouldn’t want anyone to think negatively about them since they weren’t able to grow a record harvest, so by the loosest possible definitions of “harvest”, using released stored grain figures added to this year’s harvest, the numbers came up as a bumper year.

Rural electrification is mainly where the use of renewables will be concentrated. Base metals and prices make it un-economical to run electric lines into the countryside throughout the nation. For China this is a win-win situation, first by “gaining ” internationally and secondly by saving and in the process. The downside is once installed, these devices are non- creating, they are self functioning.

You can see the “mianzi” card being played with China joining the AP6, Asia Pacific Partnership on Clean Development and . Started in January 2006, the AP6 brings together China, the United States, Australia, India, , and the Republic of Korea in an agreement based on clean cooperation regarding coal and carbon capture and storage (CCS) technologies. Personally I feel China is unlikely to invest in CCS systems for coal plants or heavy industry in the next decade or two due to the cost and using CCS at the new Coal-to-Liquids (CTL) projects would slow down production, but the partnership strengthens their globally.

Seeking a Balance: Within China there has been a call publicly for a balance between economic growth and environmental protection. One political maneuver is to move polluting industries and antiquated factories out of urban areas. This is coded language for the polluters to the countryside, where sulfur dioxide and nitrogen dioxide plus other contaminants can thin out more quickly, but the side effect is coating the producing areas where most cities rely of for production with particulate. It is a shell , when industry pollution is moved out of town to clean the air it is replaced with vehicle exhaust from the 16,000 new hitting the roads every day.

Conservation has not been mentioned once in the Five-Year of the central government. Conservation=Non-Consumption. The number one agenda is creation to keep social stability so it not considered an option, it is not talked about and it will never be discussed. Some of my students who argue for conservation when asked about the possibility of turning off all of the neon lights on building exteriors around the city firmly said it just wouldn’t be China without the lights. They are part of Chinese culture.

Some have suggested that the Chinese are waiting for world political pressure and trade sanctions before addressing this problem in a meaningful way. It would then appear that by responding to this pressure they were conceding to world demands. My response to this is a resounding “No!” This would involve “losing ” by backing down and doing something that you are told to do by Western .

Instead, China makes preemptive that appear to be doing something to help solve the problem with renewable , when in actuality they are doing the opposite - increasing their reliance on coal for primary electricity generation. Coal is also used for source heat in smelting and the heavy-manufacturing industries. It is a primary resource for heat in the side. Many Chinese also use it for cooking.

Life-giving Force: Coal is by no means the sole cause of China’s pollution. Many other industrial pollutants add to the mix. According to a New York Times article, “Only 1 percent of China’s 560 million city dwellers breathe air considered safe by the European Union, according to a World study of Chinese pollution published in 2007″. I am obviously living in the bad air 99 percent. The and life-giving force from the is literally blocked out by polluted skies for weeks on end.

Electricity consumption continues to skyrocket even though nearly every resident in China knows there is a problem. Again “mianzi” is at play. Displays of wealth and glitz are considered “ gainers”, showing off the new $500 mobile phone or driving the latest 7 Series black Mercedes are at the top of the list for individuals. Rapid expansion of the means taller buildings being built in the cities, which need more elaborate light displays after dark consuming even more electricity. New freeways crisscrossing the are lined with triple sided billboards displaying endless consumer goods every 500 meters that light the night sky.

“Mianzi” is its own feedback loop. Development needs to be ever bigger and more ostentatious to show progress. This in turn drives the need to build more power plants to satisfy demand for a wealthier . Take note: wealth generation is in its infancy and credit cards are still considered a new thing.

I sometimes hear the argument that China could effectively leapfrog over the West in developing sustainable and growth if its citizens get hooked on renewable power before they join the middle classes, and if its existing middle classes can to conserve before they can afford two . This doesn’t take “mianzi” into account. and physical possession are deeply ingrained in culture and religion.

Romance, China-style: I will agree with the leapfrog jump, though. As oil reserves worldwide are depleted and as economic hardship sets in, coal will be used as liberally elsewhere as it is here in China. Coal is plan B for our world , not solar, not wind but a resource that is plentiful, that requires no new invention or technological breakthrough that will allow a continuation of economic growth. We are all in the fix together. We purchase products manufactured here every day, and I don’t know of any joint venture or production facility that would be established if it was only to be powered with wind or solar. Industry requires a constant, reliable power source and will settle for nothing less. Coal takes the lion’s share in the Land of Dragons, and it will continue to do so.

Everything you have heard about the high levels of pollution is true and becoming worse by the day. Electric demand is insatiable; all of the building is barely able to keep up with demand. Pollution levels are expected to double or possibly triple by 2015, this is truly an un-believable statement, if it is true than there will be nothing left living in this part of the world. As Peak Oil starts to affect our planet’s , what I see here right now is what the future holds for us worldwide. No government will let their crash and burn economically if there is a viable . I present to you a vision of the future: China has already leapfrogged to where we in the West will be within a decade, using coal to power our economies and cities as conventional worldwide oil production continues to . The pollution could be the sight and smell of economic growth in such an environment.

Looking at the future in front of me, gazing into the city from my balcony downtown as I hold my girlfriend’s hand, I think to myself, “Construction crane silhouettes in the smog at sunset. How romantic.”

David DuByne is from the United States and is presently living and teaching English in Chongqing, China. His website http://www.daveseslbiofuel.com is devoted to oil depletion in an English as a Second Language (ESL) format for students around the world to discuss issues.

Posted by admin on October 11th, 2008

Trading Forex - New Korean Currency Crisis?

Back in 1997 major slump rocked number of countries in Asia, an event that became known as “Asian ”. Effected countries included Taiwan, Thailand South Korea and others. One of the memorable of the time came from one of leading Thai politicians. He blamed this whole mess on , with George Soros being the main culprit. The remarks went so far as to public statement of “not being able to guarantee his safety if he visited Thailand”. Quite ominous.

The fallout in South Korea was brutal. The US has about doubled in value against the Won, with USD-KRW from just above 800 in early 1997, to 1600 by the year’s end. Local market suffered similar fate, as did all areas of . Perhaps most telling was an enormous spike in unemployment, as the jobless soared to almost double digits, with about 9 million out of work.

This author observed the aftermath first hand, during one of his trips to South Korea at that time. Collapse of once high flying conglomerate Daewoo under burden of debt. The sight of many construction projects suspended or stopped all over Seoul and Pusan. Daily of scores of small . It was good time to visit South Korea, due to low prices, but very difficult period for residents.

The has rebounded nicely since then and became one of Asia’s most dynamic economies. KRW strengthen considerably reaching level 900 against USD in 2007. The market has recorded double digit gains in four of the last five years, gaining 32% in last year alone. Korean companies like Samsung Electronics Co, and Hyundai Motors Co, have established themselves as some of the world’s leading .

Things have changed in 2008. like high , , external debt and account deficit have shaken . While many countries have seen outflow of funds into the , this process became especially painful in South Korea. The Won has become the Asia’s worst performing , loosing 20% to date. market was no better, falling 25%, with farther sell off of equities expected.

These developments created widely spread comparisons to situation from 1997 and were quick to be picked by the press. International Monetary Fund disagrees with this assessment and expressed by saying that South Korea is a mature and resilient with ’s fundamentals much stronger than a decade ago. Korean authorities, however, felt obligated to act by intervention on Wons behalf in the open market. This seemed to stop the bleeding for now.

What can be expected next? In all reality, 1997 type sell off is extremely unlikely. As South Korean is cooling down together with the rest of the world, Seoul might not be able to stop bleeding of the market but there is one thing they can do- keep intervening on behalf of its . Unlike before, there are huge foreign reserves, about 250 billion dollars worth of, and they can be used to support Won.

Very likely scenario, as of this writing, is continued fall of Korean equities, in tune with broader declines. The Won should also keep dropping, but in much more measured and steady pace. Central has not mentioned what the comfortable level for USD-KRW is, but as we noticed over last few years, major trends are very powerful and can go through any “line in the sand’ drawn by anybody.

is around 1150. Even with expected interventions, Won can easily weaken to 1300 and maybe 1400, but far short of the previous low of 1600. Also, one shouldn’t look for a fast move, but rather steady depreciation, lasting a year or two. This is not a situation for active traders, but for those who prefer longer term positions development might present good opportunity for farther selling of KRW.

Mike P. Kulej is a Chief Strategist for Spectrum LLC. He specializes in mechanical systems as explained on http://www.spectrumforex.com . Spectrum LLC offers numerous services to . He also publishes http://www.fxmadness.com. With questions and e- him at kulej@spectrumforex.com

Posted by admin on October 11th, 2008

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