The world’s largest non-polar desert, is actually the widespread burial grounds of countless, mysteriously unknown, ancient ruins & civilizations, that have long since been forgotten, having been consumed and hidden by the sands of time, thousands of years ago. And here’s the thing…when I say “thousands of years ago”…that’s the part where things start to get really strange…

I'm Jimmy Corsetti, and my channel is called Bright Insight.
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Image Credit: Thank you to the outstanding work of Sean McKnight (https://www.deviantart.com/yno....t1989/art/Seas-of-th for green sahara image seen multiple times in this video, starting at 4:04.

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

Featuring Nana Kamau Kambon @ Black Issues Forum.

Project-Based Learning at New Alkebulan STEM School.

MaMa Kali Sichen, The NorthScale Institute and the entire MaMa Moringa family Remember Dr. Kweku Andoh. Special Thanks go to Gyasi Igyan, Asma Muhammad and Auset Aswad of Cosmic People Time Network for their help with this Tribute.

Snippet of an interview by Mansa Foday Ajamu on Pan Africanism and the Historic Role of Sierra Leone w/ Sister Afiyah Koosman

⁣Safa Saphel' Isizwe · S'busiso Ngema

Sarafina! The Sound Of Freedom

℗ 2006 Next Music

Released on: 2006-09-01

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Music

Power and Powerlessness explained by Okunini Amos Wilson

4 November 2024

⁣Welcome back to ABIBITUMI TV, your trusted source for unfiltered news and analysis on African and African Diaspora affairs.
I'm your host, and today we're diving into a landmark decision on October 30, 2024, President Ibrahim Traoré of Burkina Faso dismissed several top military officers and senior government officials accused of corruption and compromising national security. This decisive move underscores Traoré's commitment to integrity and a corruption-free Burkina Faso. Among those dismissed were prominent figures accused of betraying the nation’s trust by allegedly collaborating with foreign powers and siphoning funds intended for the country's vulnerable citizens.In this powerful video, we delve into the implications of Traoré's actions, his unwavering stance on honesty within public institutions, and his vision for a transparent, accountable Burkina Faso. Watch to hear President Traoré’s inspiring full speech as he addresses his nation, calling for a unified fight against corruption and a commitment to a brighter, more honorable future.🌍 Support our mission by sharing this video, liking, and commenting with your thoughts. Subscribe and hit the notification bell to stay updated on important African leadership and governance stories.
**Timestamps:**
0:00 - Intro and Overview of Traoré’s Actions1:35 - Background on Dismissed Officers and Allegations3:20 - President Traoré's Stance on Corruption and National Security5:50 - Broader Implications for Burkina Faso's Government and Society7:30 - President Traoré’s Full Speech: The Fight for Burkina Faso’s Future15:10 - Closing Remarks and Call to Action for a Corruption-Free Burkina