Economics
White South Africans Are Only 7% of the Total Population Yet Own 72% of the Farmland
Explore the stark reality of land ownership in South Africa, where white South Africans, comprising just 7% of the population, own a staggering 72% of farmland. This video delves into:
• The historical roots of this imbalance, tracing back to colonial times and apartheid
• Key legislation like the 1913 Natives Land Act that shaped racial segregation
• The ongoing impact on black farmworkers and rural communities
• Current efforts and challenges in land reform
Uncover the complexities of South Africa's land issue and its implications for the nation's future.
https://medium.com/@hrnews1/wh....ite-south-africans-a
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#southafrica #landreform #apartheid #economicinequality
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How The West is Looting Botswana
DeBeers & Western Capitalism’s Exploitation of Botswana’s Diamond Wealth
Uncover the shocking truth about how Western corporations, especially De Beers, have been exploiting Botswana's diamond wealth for decades. This video exposes:
• De Beers' monopolistic control through Debswana
• How Cecil Rhodes founded De Beers and shaped the diamond industry
• The impact on Botswana's economic development
• Questionable practices in diamond valuation and pricing
• Limited local beneficiation despite promises
• Environmental concerns and community displacement
Learn how this arrangement has allowed foreign companies to profit immensely while potentially limiting Botswana's returns on its natural resources. We'll explore the history, current situation, and what needs to change for Botswana to truly benefit from its diamond wealth.
https://medium.com/@hrnews1/ho....w-the-west-is-lootin
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#botswana #diamonds #debeers #economicjustice #naturalresources
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Millions of tons of annual agricultural trade is now being conducted outside the US dollar, and within the new BRICS framework.
This represents a tectonic shift in global finance, as the dominant trading hubs of New York, Chicago, and London are replaced by a multipolar system of bilateral trades using national currencies and non-USD-denominated pricing and contracts.
The already huge volumes of trade in ag, energy, and raw materials are destroying price discovery in global markets. Decisionmakers and executives in Western companies are unable to see markets, nor can they know what parties are driving demand, nor which suppliers are emerging to meet that demand. Our senior-level business managers and planners are flying blind, and only after realizing giant losses we learn that we are now suppliers only of last resort: the BRICS countries and their allied countries across the world are producing and trading at prices far below our cost of production.
Resources and links:
Record U.S. Agricultural Trade Deficit Forecasted to Keep Growing
https://www.fb.org/market-inte....l/record-u-s-agricul
Why U.S. agricultural exports are down almost 20% from last year
https://www.marketplace.org/20....23/09/29/why-us-agri
Why is China canceling US wheat shipments?
https://www.dw.com/en/why-is-c....hina-canceling-us-wh
Bloomberg, China’s Waning Hunger for Grain Spells Trouble for World Market
https://www.bloomberg.com/news..../articles/2024-06-12
Visual Capitalist: visualizing the BRICS expansion in 4 charts
https://www.visualcapitalist.c....om/visualizing-the-b
Inside China Business, China wrecks wheat markets in US, Europe, and Australia. Should American farmers sell off land?
https://www.youtube.com/watch?v=ZtSXC6mdchM
CME Group futures markets for near-dated contracts
https://www.cmegroup.com/marke....ts/agriculture.html#
Futures heat map from
www.finviz.com / futures
Closing scene, Dalian, Liaoning province
In a thought-provoking interview, a French professor delves into the complex dynamics of global geopolitics, exploring why and how Western powers may not genuinely support the development of African nations. The professor argues that there are economic and strategic interests at play that could be at odds with Africa's progress. He suggests that Western countries benefit from maintaining a status quo where African countries remain dependent on exporting raw materials rather than developing their own industries. By keeping Africa in a state of economic vulnerability, the professor contends, Western nations can continue to secure cheap resources while selling their own manufactured goods back to the continent, thus preserving a system that favors them. This interview sheds light on the intricacies of international relations and raises important questions about the true intentions behind foreign aid and economic policies.
Despite high tariffs against Chinese-built products, the United States imported record volumes of manufactured goods from China in July.
Policymakers in the United States, along with governments in friendly countries and those in North America, expected that after years of high tariffs and sanctions, that supply chain managers would be moving supply chains out of China, and bring them home.
The opposite happened, and imports from China are not merely larger than ever, but are accelerating relative to countries most friendly to the United States.
Resources and links:
Descartes, July 2024 U.S. Container Imports Break 2.5M TEUs
https://www.descartes.com/reso....urces/knowledge-cent
US volumes break 2.5 million TEU mark in July; Imports from China set record high
https://container-news.com/us-....volumes-break-2-5-mi
Reform & Opening-up｜How was the world-class port of Qingdao made?
https://www.ourchinastory.com/en/11148/Reform&Opening-up
Top 20 North American ports
https://www.ajot.com/premium/a....jot-top-20-north-ame
Infographic, Top 10 busiest container ports in 2023
https://twitter.com/_ValiantPa....nda_/status/18182284
New Tariff Policy Amplifies the United States’ Efforts To Bolster Nearshoring Strategy
https://www.swlaw.com/publicat....ion/new-tariff-polic
Definitions and applications of Reshoring, Nearshoring, and Friendshoring
https://www.aatcc.org/aatccnews_2024_01a/
Closing scene, Qingdao Container Port, Shandong
Discover the truth behind Ghana's newly inaugurated gold refinery. Touted as a game-changer for Africa's economic independence, this refinery hides a controversial reality. With only 20% owned by Ghana's Central Bank and 80% by foreign entities with no refining experience, is this really the path to prosperity? We'll uncover the hidden facts, compare Ghana's approach to other African nations like Burkina Faso, and explore what this means for the future of Africa's rich mineral resources. #ghanagold #goldrefinery #economicdevelopment #environmentalconcerns #goldindustry #2024news
Global auto markets were rocked by a recent agreement between Uber, the global ride-sharing app, and BYD, a Chinese electric vehicle brand that is now the world's largest EV manufacturer and exporter.
While BYD will surely benefit through its partnership with Uber, the extra 100,000 vehicles in the first phase of the agreement with Uber represents only a modest percentage increase in BYD"s global sales.
Far more important is how this agreement will transform Uber. BYD is the most vertically integrated motor vehicle company today, and earns very high marks for vehicle quality and reliability, which will keep its cars on the road instead of in costly repair shops. The cars are fast-charging, with long-lasting battery life. And BYD can produce at far lower costs than non-Chinese carmakers.
This all adds up to Uber now able to create new markets as fast as BYD delivers cars to put on the road.
Resources and links:
Uber and BYD Partner to Accelerate Global EV Transition
https://investor.uber.com/news....-events/news/press-r
BYD to unleash 100,000 EVs globally with its new partner, Uber
https://electrek.co/2024/07/31..../byd-unleash-100000-
Uber and BYD partner to introduce more EVs to global markets
https://www.automotivedive.com..../news/uber-byd-ev-pa
Uber, China’s BYD, form partnership to deploy 100,000 EVs in EU and Latin America
https://apnews.com/article/chi....na-uber-byd-ev-5c45f
BYD press release
https://www.byd.com/us/news-li....st/BYD-and-Uber-Part
Rocky Mountain Institute (2018) Ride-Hailing Drivers Are Ideal Candidates for Electric Vehicles
https://rmi.org/ride-hailing-d....rivers-ideal-candida
Federal Reserve Bank of Minneapolis, Despite easing inflation vehicle repair costs soar
https://www.minneapolisfed.org..../article/2023/despit
Surging auto insurance rates squeeze drivers, fuel inflation
https://apnews.com/article/aut....o-insurance-inflatio
New Car Price Trends in 2024 (August Update)
https://caredge.com/guides/new....-car-price-trends-in
Closing scene, Yingwuzhou Yangtze River Bridge, Wuhan, Hubei province
China is pushing Hong Kong as a global hub for Stablecoins, which are digital currencies backed by fiat money.
Western analysts correctly point out that China, uniquely among large economies, is aggressively building out the financial infrastructure and regulation for digital currencies, issued by the central bank. But these analyses err on a major point: the stablecoins issued by Hong Kong institutions will not be China-yuan denominated, as they assume. Instead, they will be denominated in US dollars, and will be a powerful driver of economic growth to the benefit of the Chinese financial system, and without exposing their own currency to outside speculators, seizure, or debt issuance.
To see how this may play out, consider the explosive growth of Tether, a stablecoin with stated US dollar reserves of $116 billion and 1-to-1 parity with the US dollar. The sudden rise and global acceptance of Tether serve as a playbook for Chinese banking regulators, who are sitting on nearly $4 trillion in US dollar reserves, with hopes to deploy these deep capital pools but without exposure to the Western banking system.
Resources and links:
Reuters, Tether's $100 billion stokes stablecoin stability concerns
https://www.reuters.com/techno....logy/tethers-100-bln
Learn how Tether (USDT) Makes Money
https://www.markets.com/educat....ion-centre/how-tethe
Inside the Russian Shadow Trade for Weapons Parts, Fueled by Crypto
Hong Kong to increase digital asset regulation in next 18 months, with focus on stablecoins
https://coingeek.com/hong-kong....-to-increase-digital
Tether’s Ascent: Breaking Down the Dominant Stablecoin's Growth
https://coinmetrics.substack.c....om/p/state-of-the-ne
Forbes, The House Bans The Fed From Building A CBDC Like The Digital Yuan
https://www.forbes.com/sites/d....igital-assets/2024/0
Reuters, What and where are Russia's $300 billion in reserves frozen in the West?
https://www.reuters.com/world/....europe/what-where-ar
China contends for the central position in the global economy
https://merics.org/en/6-china-....contends-central-pos
ASEAN: The ultimate winner of a China-US rivalry (Part I)
https://www.thinkchina.sg/econ....omy/asean-ultimate-w
Tether Stablecoin Home Page
https://tether.to/en/
Closing scene, Hong Kong
Auto industry insiders were stunned when Caresoft, a highly regarded engineering consulting firm, tore down BYD's mass-market EV, the Seagull.
Priced around $11,000, the engineers found the Seagull to be well-designed, user friendly, rich with options, and of surprisingly high quality and reliability.
The US automakers reacted swiftly, and produced reports insisting that BYD's entrance into US car markets would be met with strong enthusiasm from buyers, and legacy carmakers would be unable to survive.
Because of the Seagull's low price point, US tariffs of 25% would be irrelevant: BYD could still make high profits even after the tariffs were paid. Or, BYD could simply place final assembly plants in Mexico and avoid them altogether. Aware of this, the Biden Administration in May jacked the tariffs up to 100%, and announced that Chinese car plants even in tariff treaty countries would be cut off from US markets.
Correction: I was wrong when I said that EV's are lighter. Apologies. I was working with three sets of notes, and the changes didn't make it over in the final draft. It was my fault. Cheers. Kw
Resources and links:
American Test Of $11,500 BYD Seagull: 'This Doesn't Come Across Cheap'
https://insideevs.com/news/710....364/byd-detroit-impo
On a collision course: China's existential threat to America's auto industry and its route through Mexico
https://www.americanmanufactur....ing.org/wp-content/u
CNBC, Why a small China-made EV has global auto execs and politicians on edge
https://www.cnbc.com/2024/03/2....2/byd-seagull-ev-put
American Test Of $11,500 BYD Seagull: 'This Doesn't Come Across Cheap'
https://insideevs.com/news/710....364/byd-detroit-impo
5 takeaways from Biden's tariff hikes on Chinese electric vehicles
NPR, 5 Takeaways from Biden's new tariffs on Chinese cars
https://www.npr.org/2024/05/14..../1251096758/biden-ch
Associated Press, Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry
https://apnews.com/article/chi....na-byd-auto-seagull-
Forbes, China’s Seagull Leads The Way In Cheap, Well-Made Electric Cars
https://www.forbes.com/sites/j....oshmax/2024/05/14/ch
Caresoft Global, company page
www.caresoftglobal.com
BYD’s new Seagull EV shocks the industry
https://electrek.co/2024/03/22..../byds-new-ev-startin
Closing scene, Harbor, Hainan Province
For the first time ever, global business executives ranked the United States outside the Top 10 in international surveys of competitiveness. The US was firmly in the top spot for decades, and was never out of the top three. According to this year's survey, executives pushed the United States to #12, while Asian economies Singapore, Hong Kong, Taiwan, and the UAE snagged four of the top eight spots.
This survey of international business leaders mirrors what everyday Americans tell pollsters at home: the United States is on the wrong track, and American citizens' confidence in national institutions are at all-time lows.
But our policymakers rely on other surveys, such as from the World Economic Forum and the UN, which continue to show the US as the most competitive. Why is there such an apparent disconnect, between what business executives say about doing business in and with America, and what transnational organizations claim?
Resources and links:
Is the United States Really One of the Most Competitive Economies in the World? No.
https://www2.itif.org/2022-ina....ccurate-competitiven
The US drops out of the Global Competitiveness Top 10
https://aheadoftheherd.com/the....-u-s-drops-out-of-gl
U.S. High School Students Lag Foreign Peers in Achievement Scores
https://www.ethicssage.com/202....2/03/us-high-school-
Statista, The world's most competitive economies
https://www.statista.com/chart..../30231/the-worlds-mo
U.S. Education Rankings Compared to Other Countries
https://www.thebalancemoney.co....m/the-u-s-is-losing-
Gallup, Satisfaction With the United States
https://news.gallup.com/poll/1....669/general-mood-cou
Historically Low Faith in U.S. Institutions Continues
https://news.gallup.com/poll/5....08169/historically-l
Majority of American voters say country is headed in wrong direction
https://nypost.com/2024/07/16/....us-news/majority-of-
Closing scene, Chongqing riverside
Confidence in colleges and universities hits new lows, per FIRE polls
https://www.thefire.org/news/c....onfidence-colleges-a
