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⁣The HYPOCRISY of White Power

"For a Few Dollars More" is a 1965 spaghetti Western film directed by Sergio Leone. It is the second installment in what is commonly referred to as the "Dollars Trilogy," following "A Fistful of Dollars" (1964) and preceding "The Good, the Bad and the Ugly" (1966).

Welcome back to Powered by Nyame (PbN). This week at PbN we focus on perspective, a world-view or a sense of the world often missing or misapprehended in our daily, mundane lives. You might be pleasantly surprised by one or more insight offered in this episode. Stay tuned.

Jamaica News Today - Television Jamaica (TVJ) a Trusted Source for News, Sports & Entertainment.

For Jamaican news, sports and weather reports with a mix of reggae music (dancehall, ska, mento), Jamaican entertainment and information shows for the entire family.

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What if I told you that one man's vision could transform an entire nation's agriculture? What if this transformation didn't just promise food security, but also symbolized a bold move toward real independence? Ibrahim Traoré, the young and dynamic leader of Burkina Faso, is making waves with his groundbreaking initiative to bring 2,000 tractors to revolutionize his country's agricultural sector. This isn’t just about machines—it’s about empowering rural communities, tackling food insecurity, and pushing Burkina Faso, along with the broader Sahel States, toward true independence from former colonial powers like France. Agriculture is the backbone of many African economies, and it’s time for countries like Burkina Faso to stop relying on outdated farming methods and foreign imports. Ibrahim Traoré’s tractor initiative is poised to change that, giving farmers the tools they need to increase productivity and reclaim control of their land and future. Stay with me as we dive deep into how this ambitious project is unfolding and why it could be a game-changer, not just for Burkina Faso, but for the whole of Africa. Burkina Faso’s agriculture, like much of sub-Saharan Africa, has long struggled under the weight of traditional farming practices, climate change, and a lack of resources. The country’s agricultural sector still relies heavily on manual labor, with farmers working with basic tools, outdated methods, and minimal technological support.

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

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

The Imperial Age of West African History
Ancient Ghana
Wagadu

US Wins Deals in Tanzania & Ghana: Should Russia & China be Worried?
The US has won two deals in Africa this week. In Tanzania, the US will spend $250 million developing a railway line. The line will help connect Angola's Lobito port in the Atlantic ocean to Tanzania's Dar es Salaam port in the Indian ocean. This Lobito corridor will help Washington exploit the mineral wealth in Zambia and the Democratic Republic of Congo. Meanwhile, the US also won a contract in Ghana. An American firm will set up a small nuclear plant in Ghana. The US company has beaten Russia to secure the Ghana nuclear contract. The US is expanding its influence in Africa. It is directly challenging China and Russia on the continent. Is this a new Scramble for Africa?United States | Tanzania | Ghana | Russia | China | Firstpost | World News | News Live | Vantage | Palki Sharma | News#unitedstates #tanzania #ghana #russia #china #firstpost #vantageonfirstpost #palkisharma #worldnewsvantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.The show is anchored by Palki Sharma, Managing Editor, Firstpost.By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms. ​Subscribe to Firstpost channel and press the bell icon to get notified when we go live.https://www.youtube.com/@FirstpostFollow Firstpost on Instagram:https://www.instagram.com/firstpost/Follow Firstpost on Facebook:https://www.facebook.com/firstpostin/Follow Firstpost on Twitter:https://twitter.com/firstpostFollow Firstpost on WhatsApp:https://www.whatsapp.com/chann....el/0029Va6zOIrEQIams