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Mali Cuts Ties with Ukraine After Ukrainian-Backed Terrorist Attack on Mali Armed Forces (REACTION)
Mali Cuts Ties with Ukraine After Ukrainian-Backed Terrorist Attack on Mali Armed Forces (REACTION) Kwabena Ofori Osei 48 Views • 2 years ago

S U P P O R T
Cash App - $NelsonAmadeus
PayPal- GlobalHitsWorld@gmail.com
EMAIL - KingNeferkare@gmail.com
Twitter @NTDessalines
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10x bigger than Bitcoin, Tether, and Gold: China's Central Bank Digital Currency will dwarf the
10x bigger than Bitcoin, Tether, and Gold: China's Central Bank Digital Currency will dwarf the Kwabena Ofori Osei 48 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

OSAGYEFO:Live The Life U love
OSAGYEFO:Live The Life U love Ọbádélé Kambon 48 Views • 2 years ago

@OsagyefoMusic LIVE THE LIFE U LOVE produced by ZAPP MALLET,mixed and mastered by IBEE.Video directed by FRED DRED
White South African ARRESTED For Doing The UNTHINKABLE (REACTION)
White South African ARRESTED For Doing The UNTHINKABLE (REACTION) Kwabena Ofori Osei 48 Views • 2 years ago

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Cash App - $NelsonAmadeus
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Ford Motor CEO visits China, sees existential threats, opportunities, and overhauls in Ford Motor co
Ford Motor CEO visits China, sees existential threats, opportunities, and overhauls in Ford Motor co Kwabena Ofori Osei 48 Views • 2 years ago

Of all the legacy carmakers, Ford Motor Company is best positioned to survive the onslaught of Chinese auto brands. Ford dominates in pickup trucks and commercial vans, industry segments in which Chinese automakers are not yet competitive abroad. They are also the most profitable markets on a per unit basis. The high tariffs and import bans that are designed to keep Chinese models out of North America are of little help to Ford, but serve ironically as a lifeline to Japanese and European companies who exist only as long as the tariffs do.

But Jim Farley, the CEO of Ford Motor, nevertheless is making huge changes at Ford based on his recent experiences in China. In a new strategy, Ford will abandon entirely its ambitions to compete in China in the passenger vehicle markets, and everywhere else in electric vehicles made by Ford's domestic factories. Instead, they will aggressively build new electric vehicle models in light and heavy trucks, designed by their engineers in the US, but produced and distributed by their Chinese joint venture partners.

Resources and links:

Kelly Blue Book, The 25 Best-Selling Cars of 2024 … So Far
https://www.kbb.com/best-cars/....top-10-25-best-selli

Wall Street Journal, What Scared Ford’s CEO in China
https://www.wsj.com/business/a....utos/ford-china-ev-c

Wall Street Journal, Ford Cuts Lightning Output in Latest Sign of EV Downshift
https://www.wsj.com/business/a....utos/ford-to-cut-pro

Wall Street Journal, A Chinese Phone Maker Did Something Apple Couldn’t: Make an EV
https://www.wsj.com/business/a....utos/a-chinese-phone

New Report: SUVs, Ford F-series, Toyotas are 2023’s bestselling cars in America
https://insurify.com/car-insur....ance/insights/bestse

Americans Review The BYD Shark Plug-In Hybrid Pickup And Love It
https://insideevs.com/news/733....031/americans-review

Motor Trend, It's No Mystery Why the F-150 Lightning EV Isn’t Selling Like Ford Hoped
https://www.motortrend.com/new....s/ford-f-150-lightni

Reuters, Changan Ford Motor to set up electric car JV with Chongqing Changan Auto
https://www.reuters.com/market....s/deals/changan-ford

Investors Business Daily, Ford's China Partner Makes Bold EV Move In World's Top Auto Market
https://www.investors.com/news..../fords-china-partner

Closing scene, Gaoyi Mountain Scenic Area, Chenzhou, Hunan Province

Grandcestor Presentation at Pine and Ginja
Grandcestor Presentation at Pine and Ginja Ọbádélé Kambon 48 Views • 2 years ago

Featuring Kwaku, Akosua, Heru, Akbar
The 14 Countries Still Under The Hostage Of France's Colonial Tax Rule.
The 14 Countries Still Under The Hostage Of France's Colonial Tax Rule. Kwabena Ofori Osei 48 Views • 2 years ago

The 14 Countries Still Under French Grip

African leaders often face accusations of corruption and perceived alignment with Western interests, which can be attributed to a compelling reason. These leaders find themselves in a delicate position, driven by concerns about their personal safety and the stability of their nations. Their actions, seeking powerful nations' support, stem from a desire for protection against the risk of coups or threats.

However, this quest for security sometimes comes at a cost. Western powers, in exchange for backing, may expect these leaders to prioritize external interests over serving their own people or their nation's best interests. Former French President Jacques Chirac's declaration in March 2008 rings with a sobering truth: "France's significance could diminish to that of a third-tier power without Africa."

Chirac's predecessor, François Mitterand, foresaw this perspective as far back as 1957 when he prophesied, "The absence of Africa could render France's historical narrative incomplete in the 21st century."

Under a binding colonial pact enforced by France, 14 African nations find themselves compelled to deposit a staggering 50% of their foreign reserves into the French central bank, all under the control of the French Minister of Finance. Astonishingly, as of 2014, Togo and approximately 13 other African countries continue to shoulder the burden of colonial debt payments to France. The repercussions of dissent are grim; leaders who dare to resist face dire consequences, often falling victim to assassination or facing destabilizing coups.

In a troubling twist, those who comply with France's demands are rewarded with a luxurious lifestyle, supported by the French government. This stark contrast paints a harrowing picture of disparity, as the people of these nations grapple with extreme poverty and despair. The weight of this reality underscores the profound imbalance in the relationship between these African nations and France, raising crucial questions about sovereignty, economic justice, and the future of these countries as they strive for genuine progress and empowerment Let us take a closer look at these 14 African countries
Why is China hiding $700 billion dollars?
Why is China hiding $700 billion dollars? Kwabena Ofori Osei 48 Views • 2 years ago

China runs large trade surpluses with the United States. Typically these funds would be returned to the US as capital investments, either through buys of fixed assets, securities, or lending.

China, however, is liquidating stakes in companies in the United States, and is selling off its portfolio of Treasury bonds.

These two trends are resulting in enormous imbalances in Balance of Payments, which much be re-balanced via China's central banking activities. China is clearly recycling giant capital pools from the United States for investment purposes inside China, and among China's top trading partners.

And because the US dollars are never returned to the capital markets, it is also clear that China and the BRICS countries are setting up their own trading and economic bloc, funded largely with US debt instruments.

(Editor note: At about the 2:00 mark, I misspoke. The US ran a trade deficit of approximately $800 billion, not surplus. Apologies.)

Resources and links:

Bloomberg, US Trade Deficit Widens to $78.8 Billion, Largest in Two Years
https://www.bloomberg.com/news..../articles/2024-09-04

Why is China dumping US Treasuries for gold?
https://x.com/SputnikInt/statu....s/178313812393054619

Vanishing Act: The Shrinking Footprint of Chinese Companies in the US
https://rhg.com/research/vanis....hing-act-the-shrinki

China Should Explain ‘Enormous’ Data Gaps, US Ex-Official Says
https://www.bnnbloomberg.ca/in....vesting/2024/09/06/c

Bloomberg, China Plans to Sell Dollar Bonds in Saudi Arabia as Ties Deepen
https://www.bloomberg.com/news..../articles/2024-11-05

The Economist, Chinese firms are growing rapidly in the global south
https://www.economist.com/brie....fing/2024/08/01/chin

Closing scene, Yangzhou Gardens, Jiangsu

Notes from The Art of Leadership #6 10/14/24
Notes from The Art of Leadership #6 10/14/24 Baka Omubo 48 Views • 2 years ago

Without change we die. No moral, mental or martial purity; no discipline, no chance of victory.
Optimism is relative!

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The Haitian Revolution - Roots of Liberation and Freedom - Part 5
The Haitian Revolution - Roots of Liberation and Freedom - Part 5 Kwabena Ofori Osei 48 Views • 2 years ago

📜 The Haitian Revolution: Roots of Liberty - And here we come full circle. After fighting France for their freedom, then uniting against international powers, you would expect that the fighting would be over for Haiti. But Napoleon Bonaparte had different plans. He would send 80,000 men under the command of Charles Leclerc to fight and arrest Louverture. But Louverure's words will prove to be prophetic. And when the diplomatic Louverture is removed from the picture, France will have to reckon with the wrath of Dessalines.
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