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Kɔrɔ Naka
37 Views · 2 years ago

The People of Africa need Foods on the table, quality education, good Health care, quality roads, clean and safe water, security and peace.

Kwabena Ofori Osei
37 Views · 2 years ago

The Dogon tribe knew about a star that is invisible to the human eye years before it was discovered, how could this be possible? See more in this scene from Season 1, Episode 6, "Mysteries of the Outer Realms."

Watch all new episodes of Ancient Aliens, Fridays, at 9/8c, and next day on The HISTORY Channel website at http://history.com/schedule.

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"Ancient Aliens" explores the controversial theory that extraterrestrials have visited Earth for millions of years.

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Kwabena Ofori Osei
37 Views · 2 years ago

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Kɔrɔ Naka
37 Views · 2 years ago

⁣Africa needs to regain her pride says eminent Senegalese professor of History, Abdoulaye Bathily. He is not impressed with African leaders rushing collectively to meet one leader of a so-called partner nation. Prof. Abdoulaye Bathily warns that Africa is being taken over militarily by the same people who colonised Africa. He was delivering the annual Thabo Mbeki Africa Day lecture 2024 in South Africa.

Nana Kamau Kambon Archives
37 Views · 2 years ago

AUTOBIOGRAPHICAL STATEMENTS OF BABA KAMAU KAMBON.
-- 2005

Babasola Adejola
37 Views · 2 years ago

When you forgive without justice, the injustice and inequality increases and you reward injustice - Nana Amos N Wilson...Africans continue to reward Racism.

Kwabena Ofori Osei
37 Views · 2 years ago

In this video, we explore the history of the Zulu kingdom and the rise of their most memorable king, Shaka. We'll learn about Shaka's early life, his military genius, and his ruthless rule. We'll also see how the Zulu kingdom became one of the most powerful forces in Southern Africa.

This video is perfect for anyone who is interested in African history, military strategy, or just fascinating stories of power and ambition. So sit back, relax, and learn about the rise of Shaka Zulu and the Zulu kingdom.

Kuhani Mwadilifu
37 Views · 2 years ago

⁣Kuhani Mwadilifu Interviews Talawa Adodo On Black Nationalism And More

Kwabena Ofori Osei
37 Views · 2 years ago

Worldwide adoption of China's currency, the renminbi (RMB), is gaining steam as the de-dollarization push takes hold across the non-G7 countries.

Two macro factors are accelerating the growth of the RMB in place of the US dollar as the preferred currency for trading and settlements. The economic sanctions against Russia, which froze and then seized billions of dollars of Russian USD reserves held in custody in Western banks, are forcing countries and companies to de-risk by moving their reserves from SWIFT-associated financial institutions. Another crucial factor is the high US interest rates, which are sucking in hundreds of billions of dollars from global accounts to feed huge and growing fiscal deficits.

High US government borrowing causes USD to be drained from the global system. Ironically, this causes USD to gain in value outside the US, while feeding inflation and reducing the dollar's strength inside the country.

Simply by moving its USD and Euro reserves from US and European banks to Chinese-based institutions, Chinese banks enjoy the best of all worlds: they receive billions of USD and Euro every day through trading surpluses, and can then lend those foreign currencies and create assets and economic activity on their own balance sheets. Analysis of Chinese banking and lending data confirm explosive growth in Chinese lending abroad, in both RMB and USD.

Resources and links:

Inside China Business, China isn't dumping dollars. They're dumping banks, and setting up a new financial system.
https://www.youtube.com/watch?v=DnzuR-kog-w

National Debt of the United States
https://en.wikipedia.org/wiki/....National_debt_of_the

SCMP, Global use of China’s yuan up sharply, beating pound and yen on internationalisation index
https://www.scmp.com/economy/e....conomic-indicators/a

The renminbi overtakes the euro as a trade settlement currency as its use in global trade finance accelerates
https://asiahouse.org/research...._posts/the-renminbi-

Bloomberg, The Yuan Is Finally Showing Some Muscle in International Trade
https://www.bloomberg.com/opin....ion/articles/2023-12

Third time lucky? China’s push to internationalise the renminbi
tps://www.bruegel.org/policy-brief/t....hird-time-lucky-chin

Closing scene, Guilin, Guangxi province

Kwabena Ofori Osei
37 Views · 2 years ago

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




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