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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
Africans had no say when the Europeans were carving up
Mama Africa among themselves.
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
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
First Single released from my upcoming EP.
The way the system is designed is if you work really really hard they will spit out just enough cash to keep you above what I call the Revolution level. Where my way is, you can put out enough transcendent energy to gain wealth and through your wealth make everyone else around you become even richer.
➡️ GET YOUR TICKETS NOWGroundings With My Brothers And Sisters | A Holistic Health Conferencehttps://www.eventbrite.com/e/g....roundings-with-my-br Sign Up Today To Join The 'I Never Knew Tv' Movement:https://ineverknewtv.com/sign-up/Enjoy 'Throw Forward' clip from Okunini Kwasi Konadu is a professor, healer, and author. In this clip Konadu speaks about why Europeans feared obeah and voodoo so much. ➡️Please support Dr. Kwasi Konadu and purchase his books at:https://kwasikonadu.info➡️ Tune into 'I NEVER KNEW 📻'🇲🇱Roots, Rock, Reggae Music🇲🇱Hosted By : Jr of 'I Never Knew Tv'https://www.WLOY.orgSunday 9 -11 AM ESTWednesday 8- 10 AM ESTThursday 10- Noon AM EST#voodoo #ineverknewtv ineverknewtv
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the Islamic slave trade, also known as the Trans-Saharan and Indian Ocean slave trades, played a significant role in African history. It began in the 7th century after the rise of Islam and continued for over a thousand years. Okunini John Azumah exposes the legacy of the Arab-Islam slave trade in Africa. ✊🏾The Black Africa Book StoreBuy the hardcover version of this coffee table book on authentic African history.Thanks for supporting Us : https://blackafricabooks.orgDownload a free Ebook version of "Black Africa : An Illustrated History"https://mailchi.mp/historiaafr....icana/historia-afric authentic African history (Join and Share). No ads and No anti-black censorshiphttps://www.blackstream.io 💖Our Websitehttps://historiaafricana.org🗣️ Let's Extend the Discussion----------------------------Discuss authentic African history with like minded people. Join our discord server with this invitation code. https://discord.gg/JTjgFVGB3G💖 Support Our Channel------------------------Patreon Page (Extra video content) : https://patreon.com/HistoriaAf....ricanaYoutubeChannel me a coffee : I spend a lot of late nights creating videos. Support my efforts :) https://www.buymeacoffee.com/h....istoriaafricanachann music and sound effectshttps://share.epidemicsound.com/01ghlx🎥 Video Copyright Disclaimer: All materials in these videos are used for entertainment purposes and fall within youtube's guidelines of fair use. No copyright infringement was intended in the making of this video. If you are, or represent, the copyright owner of materials used in this video, and have an issue with the use of said material, please send an email to subscribe@historiaafricana.org
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Learn the Igbo alphabet and pronunciation - https://www.youtube.com/watch?v=V_iU75KSdOc
67 Igbo Phrases for Beginners - https://www.youtube.com/watch?v=Hh8Nt-SG9VU
Learn Colours in Igbo language - https://www.youtube.com/watch?v=K969kj5LAhk&t=25s
How to introduce yourself (& others) in Igbo Language - https://www.youtube.com/watch?v=8q7mPYuCvLE&t=242s
WHO AM I?
If we haven't met before- Ndeewo (Hello)! I'm Yvonne, a University lecturer-turned-Cultural Consultant and Educational Content Creator. Discover more about Igbo, Black, and African cultural heritage through my videos on this channel and my Learn Igbo Now community.
#igbolanguage #igboforbeginners #yvonnembanefo This video will teach you 31 Simple Igbo Phrases about Giving Orders, Directions & Instructions.
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Learn Igbo with Yvonne Mbanefo: Igbo language, Igbo history,
Igbo Culture lessons that help people of Igbo descent reconnect with their roots.
What You can expect from this channel: hacks, tips and tricks to help on your journey to speaking Igbo
fluently and answer your questions about Igbo people.
#igbolanguage #igbophrases #yvonnembanefo
Want to deepen your Igbo learning? Join our Private Igbo Learner's Community: https://members.learnigbonow.com/
FREE Printable Igbo Flashcards with Audio Support: https://www.learnigbonow.com/
Check out My Igbo Books on Amazon: https://www.amzn.to/45Kwns0
Free Talking Igbo Dictionary: https://www.youtube.com/@talkingigbodictionary
Request Videos Here: https://forms.gle/3HUZhfWq4ahjfdpE8
🍿 WATCH NEXT:
Learn the Igbo alphabet and pronunciation - https://www.youtube.com/watch?v=V_iU75KSdOc
67 Igbo Phrases for Beginners - https://www.youtube.com/watch?v=Hh8Nt-SG9VU
Learn Colours in Igbo language - https://www.youtube.com/watch?v=K969kj5LAhk&t=25s
How to introduce yourself (& others) in Igbo Language - https://www.youtube.com/watch?v=8q7mPYuCvLE&t=242s
WHO AM I?
If we haven't met before- Ndeewo (Hello)! I'm Yvonne, a University lecturer-turned-Cultural Consultant and Educational Content Creator. Discover more about Igbo, Black, and African cultural heritage through my videos on this channel and my Learn Igbo Now community.
#igbolanguage #igboforbeginners #yvonnembanefo This video will teach you how to say I love you in Igbo language .
------------------------------------------
❤ Please, support my channel & work in one (or more😊) of these ways:
😊 subscribe to my channel: ► https://www.youtube.com/c/learnigbo?s...
💟 Buy me a coffee ► https://www.buymeacoffee.com/learnigbo
💟 Patreon ► https://www.patreon.com/learnigbo
------------------------------------------
READY TO TAKE YOUR IGBO TO THE NEXT LEVEL?
Visit ► https://learnigbonow.com to see what Igbo learning materials are available.
Private Membership for Adult and Children ► https://www.members.learnigbonow.com/
Illustrated Igbo Dictionary for Children on Amazon ► https://amzn.to/3HpHBpv
Igbo /English Storybook on Amazon - Gini ka osa na-eme ► https://amzn.to/3HpHBpv
Igbo / Engish Storybook on Amazon - Osita Osinri ► https://amzn.to/3EIdQOM
----------------------------------------
SHOP LEARN IGBO NOW (IGBO SWAG) MERCHANDISE
Merch ► https://www.igboswag.com
-----------------------------------------
GET SOCIAL WITH LEARN IGBO NOW
Instagram ► https://www.instagram.com/learnigbonow/
Facebook ► https://www.facebook.com/Learnigbonow/
YouTube Community ► https://www.youtube.com/learnigbo
Twitter ► https://twitter.com/learnigbonow
Newsletter with Subscriber Freebies ► https://www.learnigbonow.com/Igbotic-...
-----------------------------------------
MORE ABOUT LEARN IGBO CHANNEL & LEARN IGBO NOW
Learn Igbo with Yvonne Mbanefo: Igbo language, Igbo history,
Igbo Culture lessons that help people of Igbo descent reconnect with their roots.
What You can expect from this channel: hacks, tips and tricks to help on your journey to speaking Igbo
fluently and answer your questions about Igbo people.
#igbolanguage #igbophrases #yvonnembanefo
