Tech War […]
China National Security USA Semiconductor
Tech War – US – China Proxy Tech Conflict
More US semiconductor restrictions loom for China. The United States government is expected to impose more semiconductor restrictions on China, after banning Nvidia and Advanced Micro Devices (AMD) from selling advanced chips used for artificial intelligence and high-performance computing work to the world’s second-largest economy… Continue reading Tech War – US – China Proxy Tech Conflict
The Biden administration contemplates a Huawei-caliber ban on China’s access to technology that fuels its supercomputing, data center, and AI industrialization.
The sweeping export ban will include all global companies that procure US technology, software, or equipment in their semiconductors.
Chinese entities potentially affected by this ban will go beyond surveillance and military operations to affect companies such as Alibaba, traffic control terminals, and universities that use supercomputers.
#China #technology #investment #chinabigidea
China: From Manufacturing Giant Factory to World Manufacturing Powerhouse
Editor Desk – r” US – China: – From Trump to Biden – Trade Wars and Tech Wars Analysts generally point to Made in China 2025, Beijing’s … Continue reading China: From Manufacturing Giant Factory to World Manufacturing Powerhouse
Tate Yoko Research Institute – TRI Biden Administration Releases Plan for $50 Billion Investment in Chips U.S. Department of Commerce – 7h • 7 hours … Continue reading US Plan $50 Billion Investment in CHIPS
03/30/2020 Said El Mansour Cherkaoui and China – January 24, 2020 新年快乐 – Xīnnián kuàilè Thank you and my Best Wishes of Prosperity and … Continue reading Said E. Cherkaoui Works on China
China Facing U.S. Tech Restrictions
Editor Desk – Said El Mansour Cherkaoui – September 18, 2022 What is considered as stalling, it is simply a House Cleaning and Putting Order in … Continue reading China Facing U.S. Tech Restrictions
U.S. National Security and Foreign Investment in the Intelligence of Technology
“This Executive Order (E.O. or the Order) is the first E.O. since CFIUS was established in 1975 to provide formal Presidential direction on the … Continue reading U.S. National Security and Foreign Investment in the Intelligence of Technology
US and China: Their Chips Challenges are Not Cheap
“This bill is about more than chips. It’s about science as well… It authorizes funding to boost our research and development funding… This increased … Continue reading US and China: Their Chips Challenges are Not Cheap
China State Companies Exit New York Stock Exchange
Said El Mansour Cherkaoui 
August 14, 2022 Five Chinese state-controlled economic behemoths valued at a collective $318 billion, requested delisting from the … Continue readingChina State Companies Exit New York Stock Exchange
Doing Business in / with China China and Said El Mansour Cherkaoui – GLOBAL LEVERAGE My interest in China Development Strategy since 1976 in … Continue reading CHINA
Review of the Press on Tech: In 2014, LinkedIn officially launched a Chinese beta version of its professional social network under the name Lingying (领英). … Continue Reading → globalleverage.wordpress.com/2021/10/18/linkedin-linkedout-in-china/
NOTHING STOPS PROGRESS AND CHINA CHIP MAKER SMIC IS COPYING NIKE’S SLOGAN:
JUST DO IT AND KEEP DOING IT
Semiconductor Manufacturing International Corp (SMIC), China’s largest chip maker, has started construction of its new 12-inch wafer fab in Tianjin, even as the northern city remains under a partial lockdown to battle the latest wave of Covid-19 infections.
The project, with a total investment of US$7.5 billion, began construction last Saturday, according to a report by Tianjin Daily, the city’s official newspaper. Tianjin has been under partial lockdown to combat Covid since late August.
SMIC said on August 27 it had entered into a cooperation framework agreement with two local government authorities in the Xiqing district to build the new fab.
The latest coronavirus outbreak is believed to have started at a football game in the city, where two thirds of participating players were infected, according to local authorities. Up to 252 cases of the Omicron variant of the virus have been traced to a shopping center in the Xiqing district, marking the largest transmission chain during the latest wave.
More on this at the following article:
China’s biggest chip maker SMIC pushes ahead with construction of new Tianjin plant despite Covid-19 lockdowns
The project, with a total investment of US$7.5 billion, began construction last Saturday, according to reportThe new plant will have a capacity of 100,000 12-inch wafers per month and cover mature semiconductor manufacturing process nodes
#investment #project #manufacturing #china #semiconductor #localgovernment #china #chinatech #technology #covid #covid #tech #intelligence #nationalsecurity #nationalsecurity #nationalsecurity #construction #construction
Said El […]
Iran USASaid El Mansour Cherkaoui – September 26, 2022
Introduction
Iran’s complex political system combines elements of a modern Islamic theocracy with democracy. It depends which interpretation and definition of democracy is to be. The whole Iranian system operates under a Supreme Leader who is, in theory, appointed by an elected body but is in practice answerable to no-one. The key question is how this system develops in the ongoing struggle between reformists and conservatives. It is also a political experiment and its performance is keenly watched by secularists and Islamists elsewhere in the Muslim world.
On the other side, Iran is considered by the western analysts as an Islamic theocracy and monolithic exercise of power that one man, the Supreme Leader, exerts ideological and political control over a system dominated by religious – clerics who shadow every major function of the state.
Iran, also called Persia, and officially the Islamic Republic of Iran, is a country in Western Asia. Wikipedia
Population: 83.99 million (2020) World Bank
Currency: Iranian rial
Official language: Persian
Government: Theocracy, Parliamentary system, Unitary state, Presidential system, Islamic republic
While Western governments welcomed the election of Mohammad Khatami — a forward-thinking cleric known for his moderate views — to the presidency in 1997 (and again in 2001), there are areas of the Iranian power structure over which he has virtually no control, including the armed services. Read more on this.
The Whole Iran Episode is not about Religion, it is a Script about Power in the Middle East
The whole script of the Middle East written by Western States can be qualified as the 1000 and 1000 Lies and deceits written and acted by the western nations and powers.
This is a power struggle and geo-political arm wrestling and has nothing to do with Religion at all.
It is all about money at the end of the day.
People remains the ones who pays the “douloureuse” the tab without having read the menu, without having knowledge about the ingredients, without having place the order, without even have been in the place, it is a delivery of madness to the step of their doors and they have to pay for it, and here in this example of this young girl, with their life.
While the address where all these goodies are delivered remains the residence of the rulers and their allies and the ones who configure the social base of their powers.
Religion has nothing to do with this, it is social class and power struggle and fights.
Iran’s army threatened violence against widespread and growing anti-regime protests sparked by the death of 22-year-old Mahsa Amini as the country’s president arrived home following a trip to the United Nations.
“The army is ready to defend the security and interests of the Iranian nation against the conspiracies of the enemies,” said the army’s statement.
We do not have to forget that such interference of internal interests conflict is reflected in the role played by the various factions that came and hold the power of decisions in Iran with the common goal and denominator that Iran has not really acted against Israel the best ally of the US in the region, Iran has never fought directly against the US in the Middle East, they helped Syria but against Sunny Muslims which what they did to help the US within Iraq and in all the Middle East.
Iran has served the interests of the West and the United States and has never served any Islamic interests.
The West returns the favors to Iran through conversations and negotiations on the nuclear while for Saddam Hussein, his attempt to build such operation were completely turned in rubles by Israel air raid.
By the way, who is now controlling Iraq?
We can multiply the examples how Iran is cajoled by the West to keep the fighting force against Muslim Sunni. Iran is the local counter-balance of the weak forces that are put on the scale of the Middle East. Iran played the role of balancing the forces present on the territory but in position of weakness and relative dependency toward external forces for its own survival.
In Catholicism, we have Lace Catholic Veil Church Veil Chapel Veil Head Covering Latin Mass.
The question is not covering the head, it is more about covert actions that destroyed Heads of Foreign States and Antagonistic Interests.
Iran is the best ally of the West in the space where Sunni Islam is the dominant religion and believe orientation.
Iran has never done any action, military speaking against the interests of the West in the Region.
Iran has always supplied the west with the needed energy.
BAZZAR BIZZARE: The Bazzarists Metamorphosed in Heads of State
The mullahs who have the power in Iran, are the ones that Ford and Giscard have allowed and helped to take power from the Chah. They were Bazzarist selling goods in the Bazaar of Tehran while Khomeini was taken to France out of Bagdad where he was in exile for 18 years.
If Iran was a foe and all this mic mac on nuclear power building, a long time ago, their facilities would be turned in Rubble like it happened for Iraq, completely destroyed by the Israeli air force.
Between Israel and Iran is only do you believe in the Holocaust or not?
No military action, just enough to give a sense that there is animosity in the air while no flying jet fighters or drones are in the air. Cheap polemic to keep the minds focused on past to forget the present. Iran has never lift a finger for the problem of the Palestinians in Israel and have always kept a low profile. Iran has never declared or denounced the treatment of the Sacred Dome in Jerusalem or the attacks that Palestinians are subjects to in the Dome or in their lands, homes and lives.
While, these Bazzarists didn’t forget their origins and roots, once in power they started trading, selling and barter oil, they still in the Bazaar mentality that these Mullahs of Iran barter oil for gravestones from South Korea.
Within what we called “Arab Spring” Iran was not disturbed as happened in all the Middle East, remember Iraq, Syria, Somalia, Yemen, Soudan, Egypt, Libya, Tunisia and lesser degree Lebanon.
Iraq was completely depleted of its own strengths, it used to be the place of the most educated people in the Arab and the Real Islamic World and check now how illiteracy, ignorance and uneducated population is the dominant weakening force in this country. In the past, Iraq use to be the land for the immigration for the Arabs and Sunni Muslims from all around the world.
“Meanwhile, the Iraqi civil war sparked after the 2003 US-led invasion had a brutally sectarian cast to it, and the pseudo-democracy that emerged afterward empowered the Shia majority (with some heavy-handed help from Washington) at the expense of the Sunni minority.
The two groups don’t trust one another and so far have competed in what they see as a zero-sum game for control over Iraqi political institutions. In 2013, Shias used to have control over the police force to arbitrarily detain Sunni protestors demanding more representation in government.
So long as Shias control the government, and Sunnis don’t feel that they’re fairly represented, ISIS has an audience for its radical Sunni message. That’s an important part of how the group built up support in Iraq’s heavily Sunni northwest.”
“ISIS is merely the most recent in a parade of horrible groups, Shiite and Sunni, religious and secular, murderous and even more murderous, to which we have been introduced through the years. They sometimes are our friends, though secretly helping the other side, or they are sworn enemies of the imperialist aggressor (that is, us), but still secretly taking bribes from the C.I.A.” Source
Labeling the ISIS as a terrorist organization was also a leverage for the US to impose its presence and protection to the Shia Government of Iraq who is willing to accept the US proposed help on security against the Islamic State:
After years of failing to heed U.S. advice to broaden his outreach to Iraq’s Sunni minority and to accept more U.S. counterterrorism assistance, Iraqi Prime Minister Nouri al-Maliki now appears ready to listen, according to senior Obama administration officials.
As an incipient sectarian war between Maliki’s Shiite-led government and al-Qaeda-linked Sunni extremists has boiled, the Obama administration has moved to rush additional arms and intelligence to Iraq, much of which Maliki had previously rejected.
“We had to get to zero in order to build back up a real security relationship,” said one senior official, who described a new level of cooperation following the wilderness years after U.S. troops left Iraq in 2011. Iraqis “didn’t really believe they would get their sovereignty back. . . . They had to test it, and then figure out [they] actually need” the assistance.”
To overthrow Assad of Syria, the Western powers had to use this stratagem, dividing Iraq to create a space for recruiting Sunnis in Iraq which can reduce the resistance and the opposition of the Iraqi Sunnis to the plan to give Iraq to the control of Iran while installing a government in Baghdad that will be pro-Iran and pro-West without the threat of the Sunni that are the reminiscence of the Saddam Hussein Regime.
Where is the Islamic Caliphate and the Islamic State, where is Al Qaeda?
The rest of the countries, including Iran, took a booster of the vaccine; they were not even put in quarantine.
More, Iran participated in putting together the logistics for the Islamic State that was a creation of the Arab Spring to the benefit of whom?
Oussama Bin Laden was an agent of the West financed by Saudi Arabia the Land of his Mother, Pakistan, and Western Liberal Nation and was given all the weapons needed to recruit Islamic fighters and to train the Taliban and made of them fighters with western made weapons, including the Stringers to expel the Soviet Union from Afghanistan. Once the Mission Accomplished, he was not paid in terms of the promises made either to the Taliban and both became foes.
Ben Laden even served as reason to overthrew other regimes and was used as scarecrow to manipulate other states using fears and insecurity along national interests to destroy or to impose military presence or military control of the sacred territories. The Islamic State was then the complement of such tactics and geo-strategic approach that worked in defining the new rules, terms and conditions of globalization and the integration of former Third World Nations in the global market, financial, economic, trade and even military alliances and regional partnerships.
Once all this has been achieved, all the ingredients of fears started to crumble and fell like the domino effects, so the containment strategy of the Cold War was put upside down to reach the slogan of “Mission Accomplished”
Now we are back to the future, the politics of containment is the responsibility of the NATO and the European Union Members states which have resulted in aggravating their relationships with Russia who felt strategically surrounded facing a new threat at the doorsteps of its own western frontiers.
Russia was then pushed to the limit of condescended, it is not by chance that just after the meeting between Biden and Poutine, Russia launched its forces against Ukraine and called it Special Operations.
In the Russia – Ukraine Conflict, are there religious reasons or problems?
Ukraine continues to receive support from all the Western nations of Europe and the United States and its allies around the world.
Lies and deceits are the fashions to carry such load of antagonism and sanctions against Russia.
– Écrits de Said El Mansour Cherkaoui – English Language and Langue Française Introduction – Août 14, 2014 Etat et Conditions Sociales du Pouvoir La poursuite de la Paix par les administrations de Washington est complètement figée et sans issue, telle que cette porte peut le symboliser. Au niveau national et au sein de ses…Continue Reading → June 19, 2022
Yemen, a small country on the Arabian Peninsula, has become the site of grievous civilian suffering amid an intractable civil war. Many analysts say the fighting, now seven years old, has turned into a proxy war: Iran-backed Houthi rebels, who overthrew the Yemeni government, are pitted against a multinational coalition led by Saudi Arabia. Continue Reading →
Said El Mansour Cherkaoui Septembre 12, 2014 · Shared with Your friends UPDATE ET MISE A JOUR 7 ans après la publication initiale de cette photo et mon correspondant commentaire, rien n’a changé Le Moyen Orient fut et continue d’être le théâtre de désastres et de souffrances pour des peuples entiers dont la seule faute est…Continue Reading →
USA, EU and China: Actions and Reactions toward Russia – Ukraine War
The European Commission and the United States deployed an array of monetary, financial, trade, and investment sanctions against Russia with an approach that is more relevant to a gradual escalation. These sanctions have also demonstrated that their effects cannot be fully effective if other countries outside of the Eurozone continue their relations with Russia. … Continue Reading → March 31, 2022
New World Order and New Global Pax Americana
Said El Mansour Cherkaoui – July 23, 2014 · Update 3/15/2022 You see Orange Tree, I see the Tree of Oranges that Hides the Forrest of Bitterness I see the bleu Sky and the Golden Trail – What Wonderful World we lived in 1982 ””…?…”” I arrived the same year at Berkeley in 1982, I was in the Doctoral Exchange…Continue Reading → November 26, 2021
Said El Mansour Cherkaoui – July 23, 2014 · 6/19/2022 Gun Diplomacy and Round Table for Ghost Negotiator of Buried Peace in the Zombie’s Land Said El Mansour Cherkaoui – August 27, 2014 · La poursuite de la Paix par les administrations de Washington est complètement figée et sans issue, telle que cette porte peut le symboliser. Au niveau national et au…Continue Reading → November 26, 2021
Watch: Madeleine Albright Saying Iraqi Kids’ Deaths ‘Worth It’ Can be watched here: And what pain has the value of these millions of children and individuals who have lost their lives just because they have the curse of being of parents who were born in a country or in a part of this world where…Continue Reading →
MEMORIES YOU MAY HAVE MISSED Said El Mansour Cherkaoui – Said El Mansour Cherkaoui, Ph.D. Active June 19, 2014 · 8 years ago Shared with Your friends – 8 years ago Jeux de la Coupe du Monde et Enjeux de la Politique Mondiale: Vice-président Américain et l’Irak Déclaration sur l’Irak de Son Excellence Joseph Biden, le…Continue Reading →
Brief for Congressional […]
China India Russia USA
by Elizabeth Wishnick – June 14, 2019
This brief outlines Chinese and Russian interests in North Korea, examines how those interests play out in the case of the North Korean nuclear crisis, and provides an assessment of implications for the alliance between the United States and the Republic of Korea (ROK).
The 2017 U.S. National Security Strategy depicts China and Russia as presenting a joint challenge to U.S. interests, influence, and security. Unlike in the 1950s, when the United States was able to exploit the divisions between the two countries, the differences in Chinese and Russian interests today only serve to enhance their combined challenge to the United States. That challenge is visibly manifest in the case of the North Korean nuclear crisis.
To address this challenge, U.S. policymakers must keep the dynamic of Sino-Russian cooperation regarding the Democratic People’s Republic of Korea (DPRK) firmly in mind. To better inform that discussion, this brief outlines Chinese and Russian interests in the region, examines how those interests play out in the case of the North Korean nuclear crisis, and provides an assessment of implications for the alliance between the United States and the Republic of Korea (ROK). The brief concludes with a list of relevant congressional initiatives to address these challenges. Read more
The Sino-Russian Partnership and the #NorthKorean Nuclear Crisis:
#people #security #strategy #china #russia #northkorea #missile #ChinaRussia #asiapacific #southasia #southeastasia #nationalsecurity #usa #europeanunion
fr.moroccodigitall.com and Tate Yoko Research Institute may quote, compile content of others articles and publications in our work here with which we do not agree or follow their thoughts, ideas and goals. fr.moroccodigitall and Tate Yoko Research Institute may include hyperlinks to websites maintained or controlled by others for with we are not responsible for and does not routinely screen, approve, review or endorse the contents of or use of any of the products or services that may be offered at these websites.
– Said […]
Crypto Companies USA
Creepy Crypto News and Abuses – Crypto Secret Mania – Crypto Greedy Mafia
I have no idea how they can put people in front of a camera and have nice looking studio around while talking with assertiveness and they are introduced to us as the creme de la creme working for these companies that are the Top of the Top in their fields of actions and operations. After all these superlatifs, when we are listening to their explanations, all I am obliged to do is to try to discern what is the explanation and where is the analysis or even just the expression of descriptive narrative in their talk and answer, as we say again in French, “on reste sur notre faim” with these talking heads not thinking heads.
La Creme de la Creme turn out to be real sour and profoundly moldy and has no flavor or taste of great thought. It is worse than those “torchons” not of the Kitchen but what we call in Parigot, the language of Paris, the Newspaper that are only good to clean with the grass left on the counter or on the pot before passing them under the water to be clean.
There is apparently nothing to clean, as we say in America: “Where is the Beef” yes indeed, there was no beef at all so the pot and casseroles are clean.Given that Miss Clean has replaced Mr. Clean in the screen of these programs of TV Bidon, here is my predictions on what we are actually witnessing at the level of these assets that went South and wracked in Bahamas and Seoul before and in many other places around the world of the creepy and greedy ones that found their destiny drowned in a virtual world of supply chain of scams and Ponzi schemes with a plus: an Artificially Intelligent Scammer.
All comments, responses or any other possibilities of communication on these publications or other ones, here is my email: saidcherkaoui@triconsultingkyoto.com
Here are my publications that some were initially published as “Warning” and “Preventive Calls” and this on December 2021:
Former FTX CEO Sam Bankman-Fried arrested in Bahamas
FTX CEO Sam Bankman-Fried is talking about his crypto company’s final days : NPR – npr.org
Cryptocurrency company
FTX Trading Ltd. is a defunct company, currently in bankruptcy proceedings, that formerly operated a cryptocurrency exchange and crypto hedge fund. The exchange was founded in 2019 and, at its peak in July 2021, had over one million users and was the third-largest cryptocurrency exchange by volume.
Founders: Sam Bankman-Fried, Gary Wang
CEO: John J. Ray III
Headquarters: Nassau, New Providence, The Bahamas
Founded: May 2019
CTO: Gary Wang
Subsidiaries: FTX, QUOINE Corp., FTX EMEA Limited, LT Baskets Ltd., Technology Services Bahamas Limited
Owner: CEO Sam Bankman-Fried
LinkedIn News – 11/24/2022
FTX founder Sam Bankman-Fried has issued an apology to staff over the shock collapse of the crypto exchange, saying that the company’s collateral crashed to $9 billion from $60 billion. “I didn’t mean for any of this to happen, and I would give anything to be able to go back and do things over again,” he wrote, in a message seen by Bloomberg. His comments came as FTX’s lawyers offered a dire portrait of the company’s finances during a bankruptcy hearing Tuesday, saying a “substantial amount of assets have either been stolen or are missing.”
The contents of FTX’s Chapter 11 First Day Affidavit are SHOCKING 🤯
The appointed restructuring CEO John Jay Ray III, who oversaw Enron’s bankruptcy proceedings, says FTX’s case is the worst he’s seen in his career…possibly WORSE than Enron’s.
Here are the most important findings:
What do you make of this new information?
#ftxcrash #ftx #LItrendingtopics #digitalassets #cryptocurrency
#OECD #inflation rises to 
.
% in September 2022, with inflation pressures broadening beyond food and energy in most countries.
Find out more 
https://fal.cn/3tm8R
For the U.S. Financial Regulators, the Limit is NOT the Sky of the Financial Space, It is the Crypto Cloud Platforms
Next the European Central Bank will follow the Course
Said El Mansour Cherkaoui
The U.S. Financial Stability Oversight Council meets, with Treasury Secretary Janet Yellen presiding, as the cost-of-living crisis grows.
United States Financial regulators recommended a series of new safeguards to ensure that establish frame of work and legal environment to the growing and unregulated cryptocurrency market trying to isolate the repercussions of the cascade of bankrupcies and scam affecting the crypto assets online businesses.
The U.S. Treasury Secretary Janet Yellen presided a financial stability council meeting today [10/3/2022] aiming to neutralize the risks coming from the Crypto Assets that can erode the U.S. financial stability.
#Reuters #live #news #treasury #inflation #Treasury SecretaryYellen #JanetYellen
This report comes at the direction of President Biden’s executive order in March that tasked federal government agencies with studying cryptocurrencies and proposing how to best regulate them. The U.S. Treasury warned in three new reports last month that cryptocurrencies pose meaningful risks for consumers, investors, and businesses if not properly regulated. The FSOC has been monitoring cryptocurrencies and distributed ledger technology since 2015.
The FSOC says it will continue to monitor risks posed by crypto. Given the risks, FSOC offers 10 recommendations to rein in the risks of crypto, including Congress passing new legislation to give regulators authority over the spot market for crypto assets that aren’t securities; legislation to regulate stablecoins; and legislation that would give regulators authority to see across a crypto firm’s full business that has multiple subsidiaries operating under different regulations.
The report also encourages agencies to continue to enforce existing rules and regulations and coordinate with each other to regulate crypto companies, such as stablecoin issuers or crypto-asset platforms, particularly in cases where different players with similar activities may be subject to different regulations.
Who is Next: The European Central Bank !
Frankly, everything that affects crypto today is an adventure without discoveries or exploration except bankruptcy at the end of the road if not hanging over the heads of investors seeking refuge, a territory no state’s land, a scam noiseless digital. These characteristics are the attractions and strength of crypto which are based on the effect of the sheep of Panurge and the glorifying and banging talk of endless profit.
All this din has found its own limits and the States are now dealing with this aspect which has become a gangrenous part of the State monetary system and which puts the judicial system in front of a dilemma and a flagrant situation of scam which presents itself as victim of the upheavals of the capitalist financial and productive conjuncture.
Thus, in the United States, a rise in protests parallel to the emergence of groups of investors in crypto are forming to be able to defend their interests in the face of this cascade of bankruptcies bringing down the blockchains and the companies managing the funds, thus making everything that touches on crypto whether it is investment such as lending from the nebulous effects of an inflationary trend that has no origin or fiduciary production base secured by deposits and reserves or withdrawal rights in banking institutions, financial or even monetary with the direct and indirect endorsement of national States.
Friday 11/18/2022 – LinkedIn News
The U.S. House Financial Services Committee will hold a hearing into FTX next month, following the collapse of the crypto exchange. Former FTX CEO Sam Bankman-Fried, as well as involved parties from FTX, sister company Alameda Research, and Binance — which pulled out from a deal to acquire the now-defunct company — are all expected to testify.
Over $1 billion in investor funds are believed to be missing from FTX, Reuters reported, citing anonymous sources. The platform filed for bankruptcy last week, sending the crypto world into a tailspin.
Time has given me confirmation and make my analysis right on the money and here the article I published on December 5, 2021 about Crypto Currencies as Crypto Casino Royal in reference to James Bond and the Secret Agents manipulating the CryptoMania
#Bitcoin and #crypto are two completely different things. Bitcoin is decentralized money that can’t be manipulated; cryptos are decentralized in name only (DINO) and exist on a spectrum of misguided/infeasible to outright scam. Unfortunately, this can be an expensive lesson for some people to learn.
Over $1 billion in investor funds are believed to be missing from FTX, Reuters reported, citing anonymous sources. The platform filed for bankruptcy last week, sending the crypto world into a tailspin.
FTX’s “unprecedented” collapse shocked even the person appointed to liquidate Enron more than two decades ago, in one of the biggest U.S. corporate fraud cases ever.
FTX’s new CEO, John J. Ray, said in a filing to federal bankruptcy court, that “never in my career have I seen such a complete failure of corporate controls.”
The crypto exchange’s new CEO John J. Ray III, a lawyer who helped recover creditor money after Enron’s 2001 bankruptcy, described FTX as a workplace ruled by chaos, with lax financial reporting, incomplete record-keeping, and questionable management practices, according to a bankruptcy court filing on Thursday.
Sam Bankman-Fried, FTX’s former CEO, couldn’t immediately be reached for comment. He has said on Twitter that he is meeting with regulators and working toward making customers whole.
April 2022, under the Hood, Robinhood have already fired 9% of its workforce in a previous round of layoff.
Robinhood’s Crypto Arm Fined $30 Million Over Anti-Money Laundering Failures. New York’s top financial regulator on Tuesday August 2, 2022 fined the crypto arm of broker Robinhood Markets $30 million for allegedly breaching anti-money laundering and cybersecurity rules.
Online brokerage Robinhood is laying off 23% of its workforce in its second round of staff cuts this year. The companywide job cuts are “part of a broader company reorganization,” CEO and co-founder Vlad Tenev wrote in a blog post, but the reductions mainly affect operations, marketing and program management roles. Tenev also says the decision for further cuts came after realizing April’s 9% headcount reduction “did not go far enough” when accounting for inflation and the crash in crypto markets.
SEC charges 11 people in alleged $300 million crypto Ponzi scheme
The Securities and Exchange Commission has charged 11 people with running a crypto-based Ponzi scheme that raised more than $300 million from investors. The platform, Forsage, allowed people to enter into so-called smart contracts that operated on the ethereum, tron and binance blockchains but which functioned like a pyramid scheme, in which profit could only be earned by luring others into it. Among those charged were three unidentified U.S.-based promoters who endorsed Forsage on their
Don’t send money over the internet to people you don’t know.
Ruja Ignatova of OneCoin known as the “Cryptoqueen,”
July 20, 2022 – Troubled cryptocurrency lender Celsius Network has filed for Chapter 11 bankruptcy protection, a month after it froze more than a million customer accounts. Before halting withdrawals, the New Jersey-based firm had accumulated more than $20 billion in assets by offering depositors interest rates as high as 18%. Celsius is the latest casualty of a crypto crash that has wiped out $2 trillion in value. Crypto broker Voyager Digital filed for bankruptcy last week, and major crypto hedge fund Three Arrows Capital sank into liquidation late last month.
Insolvent crypto lenders Celsius and Voyager Digital have both filed for Chapter 11 bankruptcy via Kirkland & Ellis, while Babel Finance has retained the behemoth corporate law firm to advise its restructuring.
The crypto lenders chose Kirkland for its past successes in Chapter 11, legal experts say, and Kirkland took on the three cases to give itself a reputation as a leader in crypto firm restructurings — which appear to just be getting started.
Lawyers told Blockworks it makes sense the three bankrupt lenders would each hire Kirkland, given its sterling reputation. Kirkland led the two shortest Chapter 11 restructurings in history, both clocking in under 24 hours.
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If you have been crippled by the Crypto Casino Royal Market and lost all of your bets, better to get this Shock Treatment prescribed by those who know the best of the Crypto Scam, the New layers of liars who want to take what is left around you and still own by you, they are the new Savers and the new Warriors of the recovery process for themselves. These are the New Vultures trying to gauge themselves on the carcasses of the Crypto dead structures of the crypto scams.
Join more than two dozen scam industry experts including hedge fund managers, founders, CEOs, and blockchain pioneers as they gather to reveal the best opportunities in the future of crypto.
If they are that EXPERTS why they need to tell unknown people how to get rich while they are just paid for their presentations and could use first their advises for themselves and get rich and not to have to waist time in these presentations.
These EXPERTS will tell you how to give your Money to them and make them rich while you will be sitting there on the Docks of the Crypto Bay wondering what happen to my money while it is flying away and time cannot and will never bring it back to your way.
The Cascade of Crypto Virus is Spreading to the Ocean of Investments and the Sea of digital assets management
Posted December 5, 2021 – Said El Mansour Cherkaoui – Updated June 19, 2022 & July 6, 2022 Sciences Po, Grenoble Institut de Recherche Economique et de Planification, Grenoble Institut des Hautes Etudes de l’Amérique Latine, Paris Université de la Sorbonne, Paris III Time has given me confirmation … Continue reading
By Theunis Bates, Editor at LinkedIn News 7/6/2022
Troubled crypto brokerage Voyager Digital has filed for Chapter 11 bankruptcy protection, becoming the latest casualty of the spiraling crisis in digital asset markets. The Toronto-listed company commenced bankruptcy proceedings at a federal court in Manhattan after losing more than $650 million on a loan to Three Arrows Capital, a crypto hedge fund that fell into liquidation last week. Voyager stated in its filing that it has more than 100,000 creditors and between $1 billion to $10 billion in assets. It has liabilities in the same range.
Voyager last week froze all withdrawals, deposits and trading on its platform; other crypto firms, including Celsius and Babel Finance, have taken similar steps.
The overall market capitalization of crypto assets has plummeted from about $3 trillion last November to less than $1 trillion today.
Bitcoin dropped below $19,000 for the first time since late 2020, and Ethereum tumbled below $1,000, as cryptocurrencies’ “brutal slide” gets aggravated by the Fed’s aggressive rate hike, CNBC reports. The rate increase led to a pullback on high-risk investments in the midst of the crypto market’s monthlong $2 trillion beating. Over the past few weeks, the crypto ecosystem been hammered by the $60 billion implosion of two coins — including one of the most popular U.S. dollar-pegged stablecoins — layoffs and at least two firms froze withdrawals.
Crypto coined assets bad news week as told by Babel, Celsius, and Three Arrow Capital – The Verge
Three big firms — Celsius Network, Three Arrows Capital, and Babel Finance — appear distressed. The trouble in the market …
Crypto was touted as a bulwark against currency debasement and a hedge against inflation but just when the dollar inflation hit a 40 year high, the cryptos failed in its single most important mission – protect value!
With the cryptocurrency market in meltdown, Babel Finance on Friday halted all withdrawals, becoming the second major digital-token lender in a week to order a freeze. Valued at $2 billion last month, the Asia-based firm said it was facing “unusual liquidity pressures.” The announcement comes just days after the Celsius Network — which hosts the savings of more than 1 million people — paused withdrawals to stop a crypto bank run. Bitcoin has lost 70% of its value since November, while the value of all crypto has plummeted from $3 trillion to $1 trillion.
Crypto lenders do not have the investor oversight and legal protections of traditional banks and brokerages, so customers risk losing all their assets in a crash.
Bitcoin dropped some 15% to a new low during Monday, falling below $24,000. It’s an 18-month low for the world’s biggest cryptocurrency and forced crypto lending firm, Celsius Network, to hold withdrawals and transfers, a “drastic action [that] risks insolvency,” a crypto expert told by Yahoo. Bitcoin’s value tumbled after U.S. inflation hit a 40-year high Friday June 6, 2022 June , ramping up pressure on the Federal Reserve to continue increasing interest rates. Over the weekend, more than $200 billion was erased from the crypto markets.
Stocks are also sinking following Friday’s inflation news, with indices across the board taking a dive.
Inflation has surged to yet another 40-year high, startling economists and ramping up pressure on the Federal Reserve to continue increasing interest rates. The consumer price index soared by 8.6% from a year ago, according to the Labor Department — a 1% jump from last month, shattering economists’ expectations. The voracious growth in consumer prices is being felt in many facets of American life, particularly when it comes to groceries, rent and at the gas pump.
Grocery prices are up 11.9% annually — their highest rate since 1979, according to government data. Further, energy prices jumped 34.6% from a year earlier, with gas prices up 49%.
The irrepressible growth of consumer prices is a worldwide problem, as Russia’s invasion of Ukraine ensures inflation becomes “stubbornly entrenched in countries around the globe.”
A “pyramid scheme,” “worth nothing” and “not reliable” — cryptocurrencies have been given a scathing review by top officials gathering in Davos, Switzerland for the World Economic Forum’s 2022 meeting.
Digital assets are a hot topic after the collapse of stablecoin TerraUSD sparked a major cryptocurrency crash this month, with around $1 trillion wiped out of the market.
Bitcoin, once worth more than $54,000, was trading at $23,424 on Tuesday, according to Coinbase, and is down by around 37% year-to-date. Other popular cryptocurrencies, like Ethereum and Solana, have seen even bigger year-to-date losses.
International Monetary Fund Managing Director Kristalina Georgieva compared some cryptocurrencies to pyramid schemes.
“When somebody promises you a 20% return on something that is not backed by any assets, what would we normally call this? We would call it a pyramid,” she said during a panel discussion on Monday.
“In other words, this is a pyramid [scheme] in the digital age.”
Speaking to WEF Founder and Executive Chairman Klaus Schwab for an episode of Radio Davos, European Central Bank President Christine Lagarde said “cryptocurrencies are not currencies at all.”
“They are speculative assets, the value of which changes enormously over the course of time, and they present themselves as currencies, which they are not,” she said.
“We should call a spade a spade. An asset is an asset, it has to be regulated as such, has to be supervised by the asset regulators and supervisors, but should not claim that it is a currency. It is not.”
François Villeroy de Galhau, governor of the Bank of France, said at Davos on Monday that he does not refer to crypto assets as cryptocurrencies.
“They are not reliable currencies, they are not a reliable means of payment,” he said. “In order to be a currency somebody must be responsible for the value — nobody is responsible for the value of cryptos. And it must be accepted universally as a means of exchange — it’s not.”
Meanwhile, Sethaput Suthiwartnarueput, governor of the Bank of Thailand, told an audience at Davos: “It’s fine if you want to invest in [crypto], but we don’t want to see it as a means of payment because it’s not appropriate.”
Thailand’s central bank is developing a digital currency for the public, but the country announced earlier this year that it was banning the use of cryptocurrencies as a method of payment, saying widespread use of digital assets was a threat to the Thai economy.
Bitcoin plunges overnight – CNN
04/12/2021 – Bitcoin prices plunged overnight to a low of about $43,000.
Nine months of analysis and experimentation, “has led us to decide to move up a gear and start the digital euro project,” ECB President Christine Lagarde said.
#blockchain #cryptocurrency #crypto #bitcoin #euro #venturecapital #angelinvestors #banking
KEY POINTS BY European Central Bank President Christine Lagarde
“Our work aims to ensure that in the digital age citizens and firms continue to have access to the safest form of money, central bank money,” Christine Lagarde, the ECB’s president, said.
The digital euro would allow consumers to pay electronically, without the need for banknotes and coins.
However, it would “complement” the existing monetary system rather than replacing physical cash and erasing the business of commercial lenders.
The famous infamous Dame
which I baptized as Madame “OneCoin Maniac”?
OneCoin, led by the now infamous international fugitive Ruja Ignatova known as the “Cryptoqueen,” sold educational cryptocurrency trading packages to its members, who were then given commissions to sell packages to more new members. At its peak, the company claimed to have as many as 3 million members from around the globe.
“Cryptoqueen” accomplice Christopher Hamilton is facing extradition to the U.S. after a British judge rejected his bid to delay the process on Tuesday.
District Judge Nicholas Rimmer rejected the bid to hold off on extradition, Law360 reported. Hamilton is accused of laundering $105 million in connection with the OneCoin ponzi scheme.
OneCoin “induced investors all over the world to invest in this actually worthless currency,” according to Europol. The Ponzi scheme is estimated to have netted about $4 billion. Ignatova is on Europe and the FBI’s most wanted list. It is widely considered the biggest scam yet in the history of crypto.
Since the fire baptism, she has never shown the other side of this “OneCoin” as she has never shown the other side of her real face, Bingo et Hasta la Vista Crypto !!!
In early June 2016, 36-year-old businesswoman Dr Ruja Ignatova took the stage at Wembley Arena in front of thousands of raving fans. She was dressed, as usual, in an expensive ball gown, wearing long diamond earrings and bright red lipstick.
She told the enthusiastic crowd that “OneCoin” was set to become the world’s largest electronic currency “for anyone to make payments anywhere”.
“Bitcoin” was the first electronic money and remains the largest and most well-known – its rise in value from pennies to several hundred dollars per coin in mid-2016 had caused a frenzy of enthusiasm among investors.
The idea of digital currency had only just come into vogue. A lot of people were looking to get involved in this strange new opportunity.
“OneCoin,” Dr Ruja told the Wembley audience, was the “Bitcoin Killer”. “In two years, no one will be talking about Bitcoin!” She cried.
All over the world, people were already investing their savings in OneCoin, hoping to participate in this new revolution.
Documents leaked to the BBC show the British spent nearly € 30m (FCFA19,678,709,999) on OneCoin in the first six months of 2016, including € 2m (FCFA 1,311,913,999) in just one week – and that the investment rate could have increased after the Wembley extravagance.
Between August 2014 and March 2017, more than 4 billion euros (2,623,828,000 FCFA) were invested in dozens of countries.
From Pakistan to Brazil, from Hong Kong to Norway, from Canada to Yemen… and even in Palestine.
Ruja Ignatova called herself the “queen of digital currency”. She told people that she invented electronic money to compete with Bitcoin, and persuaded them to invest billions.
Then, two years ago, she disappeared.
The use of crypto assets as a currency is forbidden for Muslims, according to Indonesia’s council of religious leaders. Nov 11, 2021
For the moment it is a pure scam like the casinos
A currency that floats without direction, nor productive and growing added value, and which is also not based on a reserve.
This reserve should be a surplus of which several interbank transactions verify and sanction, control and increase its basis for transfer, convertibility [example of central banks and LIBOR] and achievements as a form of deposit, exchange, conversion, settlement. , loan and support for integrated productions in the circuit of regional, national and interbank international circulation.
Add to this, Cryptomania is not used for the payment of debts, financial obligations such as taxes.
If all these procedures do not exist in the fiduciary identity and the financial value of Cryptomania, it cannot therefore claim institutional financial and legal legitimacy.
It is neither the number of participants, nor the level of transactions, nor the amount achieved, nor the slogans and propagandist speeches that will give legitimacy to Cryptocracy and Cryptorobotech.
The Suitcase and the Briefcase – Empty Case
This new monetary technology is not geographically limited because it is based on the Internet. Among the most famous currencies, we find Bitcoin, Ethereum, Litecoin, XRP, Cardano, EOS, Monero, etc ….
Cryptocurrency is a new form of currency whose nature ultimately remains unclear or ambiguous, insofar as it cannot be reduced to either scriptural or fiat money. Payment information is stored on a smartphone and is securely encrypted to authorize payments.
It is a currency that allows you to make online payments from a website. This currency does not belong to any state, it is not materialized and is not issued by any central bank, and which is not subject to any supervision by any country or any other regulatory body, it is a currency without bank, received by its own network users. Cryptocurrencies have multiplied and varied, and the differences between them are related to creation, time spent in the trading process, method and distribution, and others are related to the algorithms responsible for the process of trading.
The most important risk is that these users are not fully protected, so the responsibilities in case one of the parties does not respect these commitments is difficult to determine if not impossible, even the modalities of dispute resolution.
This situation does not please the States or the central banks, which today want to regulate this virtual currency which escapes them, certain countries like Japan or France even want to tax the exchanges in bitcoin, other States have outright banned like the China and Bolivia.
Nigeria has one of the fastest growing peer-to-peer Bitcoin markets in the world, but so far the country has banned cryptocurrency and warned its citizens that Bitcoin investments have no cover. legal. On January 12, 2017, the CBN (Central Bank of Nigeria) warned all banks and financial institutions in Nigeria to never use, hold, exchange or trade any virtual currency. On February 5, 2021, the CBN ordered banks across the country to close the accounts of anyone transacting in cryptocurrencies.
Not only Nigeria, but also Morocco, Algeria, Libya, Egypt, Zambia, Zimbabwe, and Namibia have banned the use of cryptocurrency. In Kenya, the government is neither receptive nor opposed to cryptocurrency. However, it also warns its citizens that it is not legal tender, and therefore offers no protection for any failure that may appear in the cryptocurrency business. In South Africa, there are no specific laws or regulations that deal with the use of virtual currencies, however, a working group has been established on the regulation of crypto assets examining the country’s position on the subject.
For demand factors, E-commerce has created the need among users to be able to consume at a distance, it should be noted that crypto-currencies are used in E-commerce operations. Today, millions of virtual money transactions are exchanged, such as bitcoin and others (Amazon coins, Ripple, Litecoin, Solidcoin, etc.).
What is attractive to these companies is that cryptocurrency has the irreversible nature of payments. In other words, a settled transaction gives sellers a guarantee that the transaction is not at risk of being canceled.
Economic instability in Africa is one of the reasons Africans are switching to cryptocurrency. Companies like Bitcoin do not have a single domain, the money exchanged by the company is not affected by the inflation rates of a single country allowing citizens to protect their income from a failing economy. In addition, cross-border payments are easier with Bitcoin.
For example, Paypal has already been banned in Nigeria due to its fraudulent and money laundering activities, but cryptocurrency companies use blockchain technology that stores public documents in a decentralized system, which means transactions cannot be banned from a single country. In addition, cryptocurrency transactions are fast, transaction costs are lower and there are no intermediaries as they are decentralized.
Finally, they are cryptographically secure. Business owners in Africa often want to expand their business internationally. Some of these companies have started using blockchain and cryptocurrency in order to gain the attention of the international market and protect companies against currency devaluation.
Thus, the government ban on cryptocurrency cannot stop virtual currency online transactions. Some of these companies have started using blockchain and cryptocurrency in order to gain the attention of the international market and protect companies against currency devaluation.
Said El Mansour Cherkaoui Honorable Christine Lagarde – 22/7/2022 European Central Bank Today we took our latest monetary policy decisions:
We raised interest rates by 0.5 percentage points, a further step in normalising our monetary policy More rate hikes will come. They will depend on how we see the economy and inflation developing We also…Continue Reading →
Said El Mansour Cherkaoui – 7/26/2022 Fighting Recession with a Sword that has Two Cutting Edges: Unemployment and Interest Rate Have you being recently fired? This may leave you feeling like your career path is suddenly falling like a Castle of Cards. Being Fired is to Be Between Two Fires WASHINGTON, July 27 (Reuters) –…Continue Reading →
Moscow: The Russian ruble has almost completely recovered from the drop suffered from the sanctions imposed by the United States and its allies. The ruble was valued at 79.7 ruble per dollar at closing on Thursday April 7, 2022. Less than a month ago –the ruble had recorded a new low of about 121.5 ruble…Continue Reading →
Russian forces are intensifying their attacks on Kyiv and western Ukraine as it prepares to shift focus to the eastern Donbas region. The New York Times says Russia’s strategy seems to involve “degrading” Ukraine’s capabilities across the country before renewing its offensive to the east. Meanwhile, Russia has warned the U.S. and NATO that they…Continue Reading →
The European Commission and the United States deployed an array of monetary, financial, trade, and investment sanctions against Russia with an approach that is more relevant to a gradual escalation. These sanctions have also demonstrated that their effects cannot be fully effective if other countries outside of the Eurozone continue their relations with Russia. It…Continue Reading →
Said El Mansour Cherkaoui Oakland California – USA 15 Janvier 2021 Work and Research by Said El Mansour Cherkaoui on Latin America L’Accord de libre-échange nord-américain (ALÉNA) – … Continue reading Said El Mansour Cherkaoui and Latin America GLOBALLEVERAGE … Continue Reading →
Monetarism, Liberalism and Globalization: US Reactions and Coronavirus Clashes
The Aftermath of Coronavirus? Is this a Mathematical Formula or New Readings of Economic State Intervention? Where is the Invisible Hand of the Market? A second lecture more sincere of the works of David Hume and Adam Smith as well as David Ricardo needs to be conducted without having preconceived prism on our thoughts and perspectives that focus only and extract as well as manipulate … Continue reading Monetarism, Liberalism and Globalization: US Reactions and Coronavirus Clashes
The increased use of cryptocurrencies could have profound consequences for the financial system as well as the conduct and effectiveness of monetary policy. Demonetization has important consequences for all monetary and economic aggregates.
In his book “The Curse of Cash” published in September 2016, economist K. Rogoff writes: “Liquidity stimulates the growth of the underground economy rather than that of the official economy”. He adds: “I am not in favor of a society without cash, which would neither be feasible nor desirable at the present time. However, a society without cash would be fairer and more secure ”.
On the other hand, in a recent IMF study in 2017, the impact is major at the level of monetary policy, thus the Bundesbank, in a 2014 study, estimates that reducing the costs of transformation would allow a gain of 2 to 3% of the GDP in Germany. The effects are however more structuring in monetary matters. As long as there is the possibility of having an electronic wallet [15].
However, complete demonetization presents risks for the control of monetary aggregates on the one hand and for financial and monetary stability on the other. The central bank is unable to control interest rates.
On the demand side, the public prefers to use cryptocurrency issued by the private sector rather than the primary currency issued by a public organization for privacy reasons.
The supply of cryptocurrency in particular by the private sector is inflexible in relation to the money supply circulating in the economy. The widespread use of cryptocurrencies despite their unsatisfactory characteristics compared to legal currencies. The question then arises: why is this currency incapable of playing the roles of medium of exchange, unit of account and store of value – because the supply of this currency is inelastic – is chosen?
Monetary policy instruments are of two kinds: reserve requirements and interest rate instruments such as open market operations which serve to signal the stance of monetary policy.
Financial innovations, the rise of international financial markets and the transformation of forms of money, which have called into question the dominant conceptions of monetary policy. All this forced the monetary authorities to adopt new provisions to control the issuance of the cryptocurrency and its management in order to conduct an effective monetary policy [12].
Demonetization and monetary policy, the case of Sweden: among the world’s leading cryptocurrency economies; we cite Sweden, with a drop in liquidity of more than 50%, and this since 2010. This has enabled the Swedish state to fight against tax evasion and corruption. This particularly reflects monetary policy in a remarkable way.
The Riksbank (the Swedish central bank) has set up its central digital currency called “E-Krona”.
The Riksbank considers the lack of cash as a threat to the payment system, this criterion was taken into consideration when preparing the E-Korna cryptocurrency.
In fact, this risk manifests itself because money creation by the private sector outside the cycle of the Swedish central bank generates a risk of finding itself in monopoly situations led by private suppliers, which is passed on to the costs by the bank. Swedish central. Following. The central bank fears in such a situation of losing control of the currency and therefore of the effectiveness of monetary policy.
The Riksbank took the decision to make a gradual transition and introduce a core cryptocurrency with the aim of increasing its ability to manage the money supply and ensure the stability of the payment system and maintain its role as a bank. banks. In this context, a new dematerialized version of the currency was tested by the Riksbank, with the aim of ensuring the sustainability and resilience of payment systems.
The E-Korna, which is in the technical and legislative study phase, will be the object of a design so as to take the form of electronic money and this by proposing to the public to open accounts at the central bank which allows them to exchange legal tender in central currency via an exchange rate set by the central bank, and in a separation of these two forms of currency, or by issuing a central cryptocurrency by the Riksbank on an electronic wallet while maintaining the anonymity of transactions. Anonymity is only guaranteed for transactions below a certain threshold (currently at 250 euros) which is set by the central bank.
Thus, E-Korna can either take the form of electronic money at the central bank or of course the form of cryptocurrency in an electronic wallet. Whether in the first or second case, transactions take place on a distribution ledger managed by the Riksbank connecting private payment service providers, end users and all. Anonymity is only guaranteed for transactions below a certain threshold (currently at 250 euros) which is set by the central bank. Thus, E-Korna can either take the form of electronic money at the central bank or of course the form of cryptocurrency in an electronic wallet.
Whether in the first or second case, transactions take place on a distribution ledger managed by the Riksbank connecting private payment service providers, end users and all. Anonymity is only guaranteed for transactions below a certain threshold (currently at 250 euros) which is set by the central bank. Thus, E-Korna can either take the form of electronic money at the central bank or of course the form of cryptocurrency in an electronic wallet. Whether in the first or second case, transactions take place on a distribution ledger managed by the Riksbank connecting private payment service providers, end users and all.
In order to ensure a valid business model, the Bank of Canada consulted with payment service providers and merchants. Finally, and in order to prevent the illicit use of this currency, the Bank of Canada consulted various public bodies to discuss how to reconcile considerations of confidentiality and anonymity of transactions.
Conclusion: In conclusion, demonetization is now a challenge for monetary authorities, it presents an opportunity to further improve the effectiveness of monetary policy, but this must be done taking into account the enormous risks associated with the stability of the financial system, as well as the mechanisms by which these activities are carried out, the reduction of these risks associated with payment systems necessarily requires the deployment of encrypted central money and better control of its issuance, within a regulatory and legislative framework that is well defined, ensuring a good climate of competitiveness but above all a high level of security and guarantee for the entire system and its stakeholders.
Said El Mansour Cherkaoui – California – 15 Janvier 2021 Changing World Economy During the 1980s, the differences between non-Western countries and Third World countries became evident with regard to economic changes and progress at the level of the participation in the new industrial division of labor … Continue to read. إذا ريتا منكرن فغيره بي يديك فين لم تستطيع فغيره بي ليسانك فين لم … Continue reading
Coronavirus + Crise × Intervention de l’Etat => Circulation de Monnaie + Inflation = Chômage
COVID-19 – Coronavirus et le Besoin d’une Nouvelle Économie du Développement comme Remède National 5 – 4 = 2020 – Le 5 Mars 2020 Un Modèle Libéral Essoufflé par le Mal-Développement Durable et Ébranlé par l’absence de … Lire la suite
Débat sur la Monnaie: Economie Politique ou Politique Economique
Said El Mansour Cherkaoui 25/9/19 Oakland USA Sciences Po, Grenoble Institut des Hautes Etudes de l’Amérique Latine, Paris Université de la Sorbonne, Paris III Théorie Quantitative de la Monnaie. Vue sur la Nouvelle Economie Economie Politique ou Politique Economique MISE À JOUR LE 19 FÉVRIER 2020 Des origines lointaines Dès la … Lire la suite
Libéralisme pour le Capitalisme National et Protectionnisme pour le Commerce International
Initialement publié en October 25, 2018, 9:00 am Collection et Recueil par by Said El Mansour Cherkaoui – publié en partenariat avec le Forum MEDays. “Laissez faire!”, disaient les chantres du libéralisme au XIXème siècle. En réalité, la seule nation qui pratiquait, à cette époque, un libéralisme directement inspiré des manuels d’économie politique, était la Grande-Bretagne. … Lire la suite Libéralisme pour le Capitalisme National et Protectionnisme pour le Commerce International
First of all, I would like to have specific quotes on what you write as such and I quote you:
“Today, countries, large institutions and international companies have converted some of their money into crypto …”
In addition to giving names, I would also like to know the amounts and their end use by these countries, institutions and international companies.
Likewise, these conversions of “a portion of their money into crypto ..” are carried out and again, what are the end uses and their corresponding transactions.
These amounts in foreign currencies, they have what like guarantee and reserve of reference of their solvency at the level of the nominal value, the exchange value and the level of the convertibility value.
Regarding the reaction of legal tender of central banks and cryptocurrency, through the central bank’s controlled introduction of central cryptocurrency, within an appropriate regulatory and technical framework.
Apart from supply and demand and once again I quote you:
“Today, countries, large institutions and international companies have converted some of their money into crypto …” Do these types of transactions have the same instruments as the foreign exchange market (FX or forex) or national currencies they exchange against each other via cryptographic realizations.
Does this crypto conversion provide hedge against international currency and interest rate risks and allow them to speculate on geopolitical events and diversify their portfolios?
On the other hand in FOREX, the main players in this market are usually financial institutions such as commercial banks, central banks, fund managers and hedge funds, there is no country.
But you support and once again I quote you: “At present the countries,…. Have converted part of their cash into crypto…. So the question that arises is, how do countries stay away from FOREX and invest in crypto?
Do you have the floor to explain this suicidal choice of public funds?
Does Crypto allow global companies to be used as is the Forex function with respect to forex markets to hedge the currency risk associated with foreign transactions and anonymous transactions that convey money laundering as well as illegal goods transfer operations under the table?
In addition, more than 70% of bitcoins are stored for speculative purposes, this can be detrimental to its use, which calls into question its credibility following the fluctuations that these prices are experiencing as a result of these speculative operations. In addition, anonymity is used by technicians and e-merchants to purchase illicit goods.
At the start of 2017, there were over 500 virtual currencies with a total market value of $ 16.8 billion, Bitcoin alone accounted for around 85% of the market.
New technologies have given birth to new instruments of currency circulation in contemporary economies, such as cryptocurrency, therefore the creation of a global capital market requires the internationalization of currencies that circulate outside their space of traditional area of operation.
Crypto Casino Royal – Cryptop Secret Mania CRYPTOCURRENCY Posted December 5, 2021 – Said El Mansour Cherkaoui – Updated June 19, 2022 & July 6, 2022 Sciences Po, Grenoble Institut de Recherche Economique et de Planification, Grenoble Institut des Hautes Etudes de l’Amérique Latine, Paris Université de la Sorbonne, Paris III Time has given me confirmation … Continue reading
Research by the Energy Price Comparison Service shows that the amount of energy spent on Bitcoin mining around the world has already exceeded the amount used on average by Ireland and most African nations and is greater than the annual usage of nearly 160 countries. Miners are turning to increasingly powerful computers to accomplish these tasks and earn Bitcoin, and as a result mining (and, in return, Bitcoin transactions) is consuming more and more electricity. Indeed, according to the Dutch bank ING, a single Bitcoin transaction consumes as much electricity to power a house for an entire month.
https://www.do4africa.org/adoption-de-la-crypto-monnaie-en-afrique/9092/embed/#?secret=CmXtNFvWcv
https://www.econstor.eu/bitstream/10419/142671/1/EERI_RP_2014_08.pdf
Cryptocurrency and Currency – Hamadi Mokhtar
Are Matt Damon and LeBron James suffering from crypto regret? They are just some of the big names who’ve boosted cryptocurrencies in ads over the past year, portraying digital currencies as a financial revolution — and an easy way to make a stack of cash. But with the crypto market in meltdown, those same celebs have gone silent, reports The New York Times. Critics are now accusing the stars of pushing fans toward volatile investments without explaining the risks. And marketers are wondering if a continued crypto downturn will damage these celebs’ reputations.
Fortune doesn’t favor the brave, it favors the educated.
You know what would be cool, if celebrities did flashy advertising campaigns for financial literacy instead of endorsing a digital currency or investment.
As an advisor who’s been helping people with their money for over 16 years – rarely, if ever, does advice (if we can even call it that) from advertising campaigns provide any real value to those it targets.
Imagine if we put a focus on financial education and advice led planning instead of trying to push what is hot & sexy today?
I have nothing against crypto but investing in it, or virtually anything, because a celebrity told me to does not appear to be a great plan.
I would love to see those who have the influence to focus more on promoting education that genuinely help the end customer.
It may not pay Matt Damon and others as much, but it certainly will drive a lot of good will and have exponentially positive effects.
What do you think, should celebrities be touting “investments”, financial education? Something else?
#financialliteracy #education #investments #crytpo #litrendingtopics
As I discussed at the recent Milken Institute Global Conference, most cryptocurrencies are currently 0 for 3 when it comes to PGIM‘s criteria for a fiduciary investment – clear regulatory oversight, a steady store of value beyond what someone else will pay for it, and predictable correlations with other asset classes. While we don’t believe crypto should be an investment option in fiduciary accounts, there are emerging opportunities in the broader blockchain ecosystem.
For more perspectives on crypto, see the latest installment of PGIM’s Megatrends research here: https://on.pru/3wrGfrM #Cryptocurrency #MIGlobal #CryptoInvesting
It’s not and was a never a risk free opportunity, nor did they make any promises or need to hold any responsibility. The marketing and branding being done by the exchanges is completely irrelevant to the state of the market. Do people start blaming Charles Schwab and Etrade commercials when the stock market goes down? More than anything this just shows what a nascent space this still is, yes it provides the opportunity for financial freedom but the best advice always will be DYOR and know your risk.
Do the sheep, who listened to Matt Damon have crypto regret? Does Matt? He was paid in BITCOIN, turned that into American cash, and put it in his MSFT, Alphabit, AMZN, stocks, and he is quite happy. He probably put some cash into a stock (F), and maybe DOGE? Nah, he didn’t buy that.
I love your list of side effects. Nice
Didn’t he say, and I quote, ‘Fortune favors the brave’?
It is hubris and ignorance to think that someone with no professional financial training and experience should tout an investment. Because he’s an actor we should follow his financial advice?
My question is, why are we pointing fingers at these celebrities and advertisements when it is OUR responsibility to make intentional, informed investments? Do your research, know the risk involved, and be confident in your investments for the long run.
They all got big bucks for those commercials. Laughing all the way to the bank…unless they were stupid enough to ask to be paid in crypto.
In my opinion, someone burned $5,000,000 for a qr code in a game of pong (70’s arcade video game).
Will we look back on all the crypto commercials this year the same way we look back at all the dot-com ads of 1999? I’m looking at you Puppet Dog Sock thing…
just pay the roof over your head.
Once an actor gives investment advice….
This is the beginning of the next four year cycle.
if something is being sold as too good to be true it probably is.
My AAPL is tanking harder than my BTC so what is the point exactly?
Outrageous to see all these celebrities take money to tout something they know nothing about, with gullible star gazers following them like lemmings off the financial cliff
Yes, so true. when times are good, people can get bold and forget about that the risks are real
Never smashing my Bourne DVD collection. Great films.
(And the books are even better! Very different than the films)
More than $200 billion was wiped from cryptocurrency markets Thursday after the “stablecoin” TerraUSD suddenly plummeted in value, sending shockwaves through the whole sector. Stablecoins are supposed to be backed by reserves such as U.S. dollars or other traditional assets and are intended to serve as safe havens in times of market volatility. But TerraUSD is an algorithmic stablecoin backed by code, not cash. A sell-off in its sister currency, Luna, sent Terra to a low of 23 cents Wednesday. Other cryptocurrencies also took a beating amid the panic:
Tether, the world’s largest stablecoin, sank below its $1 peg Thursday.
Bitcoin, the largest cryptocurrency, dropped to its lowest level in 16 months; it has lost more than 45% in value so far this year.
Cryptocurrency trading platform Coinbase has lost more than half its value in a week.
For anyone following the $LUNA debacle and the #crypto meltdown:
I have zero useful technical expertise to explain what happened and why, but this feels like a game changer in several respects:
1. The dollars are big: if my math works, $90 bn in a month.
2. The human impact is real: Per reddit, many people lost their life savings and some are suicidal.
3. This will be THE crypto story for a while — just smells like a massive ponzi scheme on steroids when you get promised 20% returns with no risk.
4. Regulators — both in the US and abroad — will face huge pressure to act and act fast.
5. Political will of the crypto lawmaker lobby will wither.
6. Institutions like banks will need to step back to reassess everything — no one wants to get dragged into the next litigation blender.
We shall see..
There is a crash in the cryptocurrency world. Around $600 billion in digital asset market capitalization has been wiped away in the last week, with the price of Bitcoin falling 25%.
Part of that has to do with the stock market, and investor sentiment for bets that are viewed as risky.
But the meltdown of a stablecoin called Terra—designed to be pegged to the U.S. dollar—was a significant factor. It comes as lawmakers press for new regulations on stablecoins, which represent the bedrock of the crypto economy.
My story for Barron’s:
Stablecoins offer the benefits of Decentralized Finance, minus the volatility of traditional tokens. At least that’s the theory.
In practice, some stablecoins have struggled to maintain their value — leaving customers bruised and confused.
Current market turmoil paves the way for more regulation and broader adoption of stablecoins as official government currency.
Crypto Armageddon is underway as panic selling hits crypto markets, Tether breaks its dollar peg, and Bitcoin hits new lows.
While I normally don’t write much about crypto, tonight, there really is only one story: the crypto market tanking!
I’m sorry to report this, and I am not gloating, even if I disapprove of the raw greed that the sector seems to worship. Still, this will be seen as a historic day given the magnitude of the losses, so let’s dive in.
Why are markets tanking? The obvious explanation is their high degree of correlation with equity markets, which are pounded by rate rises. That makes sense, but I do believe that there is more to the story.
My take on it is that fear levels have simply reached the breaking point for the majority of crypto holders.
Just like a religion, crypto markets are challenging the faith of their followers, and the vast majority have had enough. Most are simply not going to sacrifice what little savings they have left on the alter of crypto.
Can you blame them? Who can afford to watch losses of 50+% and stand there and do nothing?
Now it’s not just the losses. The headlines from this week show not just loss, but corruption:
1) Failure of Terra algorithmic stablecoin dropping some $50bn in market capitalization hit the market hard.
2) Reports that Terra founder Do Kwon launched another failed algorithmic stable coin a few years ago! “If at first, you don’t succeed, try, try again!”
3)Bitcoin’s ongoing slide, which, while exacerbated by Terra, was well underway before Terra’s fall.
4)Reports this week that 40% of crypto owners are now losing money on their investments.
5) Coinbase, which is down 78% for the week, will have the rights to your crypto if they ever go bankrupt!
6) Reports from SEC head Gary Gensler that crypto exchanges are “trading against their customers often because they’re market-marking against their customers.”
Still, despite the crash and bad news, this doesn’t mean that crypto is dead even if most of it should die.
One constructive comment on cryptos’ future that I hope the community can get behind came from a surprising place.
CZ, the billionaire head of Binance stated on Twitter that:
“At the end of the day, we need to go back to fundamentals. Build real products, not reliant on short term incentives, or promotions, but with intrinsic value that people use.”
So I don’t wish ill will toward crypto holders, nor am I gloating at their losses.
I do, however, wish that the considerable talent and resources of the crypto world would go back to “building real products with intrinsic value that people use.”
More like un-stable coin… 300M so far in processed redemptions is peanuts compared to its 83 Billion dollar market cap… THEY DO NOT GUARANTEE REDEMPTIONS!!! #crisisofconfidence #bitcoin #tether #crypto
Over the past 48 hours in crypto it’s all been a little hectic. A mixture of genuinely unprecedented events and normal market turbulence has led to a great number of news stories about crypto, coinbase, btc, LUNA etc. I speak with great crypto funds all the time – and wanted to quickly share their perspective over the past two days.
Firstly, fundamentals haven’t changed. All coins, and all stable coins are somewhat vulnerable to sophisticated attacks. Everyone knowledgeable in crypto knows that these types of long tail risks exist – and this hasn’t changed. Nobody is packing their bags because of this.
Secondly, crypto is still very very young. The fact that some genuinely brilliant journalistic outlets don’t understand crypto or defi is a sign that we’re still nowhere near to saturation.
Lastly, good processes and good systems are the most important thing in moments like this. It’s super noticeable that people with good risk management, strong systems and tools have been much much calmer. For them, this is the typical come and go of the market and they’re still focusing on their goals. #crypto
Unbelievable volatility in one of top 10 coins/stable-coins recently. Keeping aside what happens to Terra Luna eventually or the future potential of crypto-currencies, from a financial investment perspective, this only goes on to reinvestment the age-old risk diversification principles.
1) Do not look at returns on a absolute basis. Always look at it relative to the amount of risk you are taking, risk being measured in terms of volatility. So in this example, one can very well imagine, what would be annualized volatility of an asset that can crash 98% in one day.
2) However good the projected return, do not put all eggs in one asset or even one asset class. Diversification can reduce the pain significantly.
3) Diversification should be among assets with low correlation. So investing in a ‘diversified portfolio’ of crypto currencies, is not achieving true diversification as all of them could go down together.
#investing #riskmanagement #diversification
10 things I learnt from the ongoing Crypto Crash:
1. I am not smart enough to understand these complex crypto solutions. Neither are many of the founders of these Crypto solutions
2. You cannot create/mine/mint money out of thin air unless you are a government and has the military might to go along with it
3. On the way down, BTC and crypto’s looks like NASDAQ on steroids
4. Janet Yellen is more powerful than Do Kwon
5. SEC is more powerful than Terraform labs
6. After UST fiasco, regulators have no choice other than to come after other stable coins. USDT will be in the cross hairs next. And the outcome may not be pretty when the details of the commercial papers backing it comes out
7. Though BTC may be logically sound, if the pillars that holds it up like UST and USDT gets impacted, BTC can go a long way down
8. The last 2 days have been a great learning experience – nothing like real world flashing reds on computer screens
9. I think there are lot more lessons to be learnt in the coming days and we all need to start thinking more logically than getting carried away with exotic ideas
10. I am not smart enough to understand these complex crypto solutions. Neither are many of the founders of these Crypto solutions
#crypto #bitcoin #cryptocrash
If only there was a form of governance…
Maybe a central entity of some sort…
Wait a min…#stablecoin #terra #luna #defi #monetarypolicy #crypto
Interesting story emerging about TerraUSD, an algorithmic stablecoin that seeks to maintain its value of 1:1 with the US dollar … a “peg.”
It does this with a complex combination of code, trader incentives, some smart contracts, and by working with a crypto token in the same ecosystem (Luna) which can be swapped for UST and vice versa by traders to keep the price of UST where it should be. A-list investors, a dollar peg, 15-20% “risk free yields,” all seemed like a crypto dream.
Only now it has come undone with stunning speed. A week ago, the future looked bright. On Monday, all of the mechanisms that were supposed to keep UST stable didn’t … it fell to a low of 60 cents. On Wednesday it crashed to 20 cents. They are now attempting to raise $1.5 billion from new and old investors alike to provide more collateral to UST, hoping to rebuild the token’s liquidity after it virtually disappeared from order books overnight.
Exactly why all of Terra’s carefully-planned mechanisms failed to do their job remains unclear. Let’s see if the peg holds.
#Luna #crypto #cryptocurrencies
Thank you, Emily Chang & Bloomberg LP, for having me on to discuss what happened with #UST, Luna’s algorithmic stablecoin, this weekend into this week.
UST is an algorithmic stablecoin that depends on a mint & burn function between LUNA and UST when the value of UST goes above or below its 1:1 ratio. Every time $1 worth of UST token is bought, $1 worth of LUNA is burned, and vice versa.
The Terra team has also launched a number of applications, most notably, Anchor Protocol – which supplied a 20% yield on UST deposits to the pool. This pool hit $17bn in total value locked on Monday at its peak and consisted of money from every persona: retail, protocol treasuries, crypto native, traditional asset managers, venture funds, hedge funds, etc.
This weekend, a motivated seller sold a significant amount of UST, de-pegging the algorithm. Why does this matter?
Loss of confidence in UST triggered a bank run which applied further downward pressure on the price of UST. UST is redeemable for $1 Luna up to a certain daily cap after which slippage increases. That cap was hit very quickly. The only alternative exit in DeFi is a liquidity pool on Curve. It contained $1bn of liquidity and got depleted by Monday morning.
Anchor went from $17bn in total value locked to $2bn today, with majority of folks rushing to pull out UST from the pull and convert to USDC or dollars as the peg saw lows of $0.3 today.
What does this mean for algorithm stablecoins? All eyes on Frax, and TRON’s stablecoin, to see how these token fundamentals react to volatile markets.
Some bumps in the road are unavoidable with the pace of crypto development. The failure of TerraUSD’s peg to the dollar (and the crash of UST and LUNA) is a big one. Coinbase has shaken both investors and users with the news that accounts would be considered unsecured creditors in the event of bankruptcy. Ultimately it’s a reminder that the path forward (or upward) is not always going to be a straight line (or a hockey stick). Digital assets, DeFi, Web3, etc. will be the future but not everyone is going to come out as a winner.
#cryptocurrency #stablecoin #terra #ust #luna #bitcoin #coinbase #digitalassets #defi #web3 #crypto
#Bitcoin and #crypto are two completely different things. Bitcoin is decentralized money that can’t be manipulated; cryptos are decentralized in name only (DINO) and exist on a spectrum of misguided/infeasible to outright scam. Unfortunately, this can be an expensive lesson for some people to learn.
With 7.5% inflation, you will lose half your money in 9 years. Crypto, I have discovered, is the only way to consistently outperform that. I have already lost half my money this year.
(from https://lnkd.in/egR9VTtb)
My latest story on the biggest implosion in crypto in years:
the Luna Foundation Guard’s billions of dollars in bitcoin without an actual infrastructure ready to deploy left Terra’s $18 billion stablecoin UST vulnerable to a ‘Soros-style attack’.
This is where #crypto is going off the rails & feels like a big ponzi scheme.
1 crypto (#terrausd) is built upon another crypto (#luna) which can be sold for other cryptos like #btc .
What investor is going to pony up $1.5B to stabilise the market when there is no central bank as a backstop?
When the world melts down and investors dump risk, investments with shaky financial backing get crushed.
Investors are indiscriminate when trying to raise cash and sell everything.
While #BTC may hang in there, the periphery cryptos will be crash tested.
Theoretically, BTC works.
Others?
Let’s wait for Godot – Sidna Kdar for better
If your vision is based on regulation by a trusted third party, it is because you have indeed not understood much about crypto-assets.
At present countries, large institutions and companies of international scope have converted part of their cash into crypto….
I invite you to analyze the crypto market cap you will undoubtedly understand that it has no relation to gambling, except perhaps the future markets but it also exists in the conventional stock exchange
Quick Response of Said El Mansour Cherkaoui:
Weird Statment made here by Mr Hamza Dalil and Ignorance about the reality of the Crypto Casino Business
Some of my publications related to the topic addressed by Presidente Christine Lagarde can be used as complement for my aforementioned comment while presenting the role of the World Bank and the International Monetary Fund in shaping the evolution of the World Economy with emphasis on the economies of the Southern countries. (The articles are written en Français et/and English).
Said El Mansour Cherkaoui – California – 15 Janvier 2021 Changing World Economy During the 1980s, the differences between non-Western countries and Third World countries became evident with regard to economic changes and progress at the level of the participation in the new industrial division of labor … Continue to read. إذا ريتا منكرن فغيره بي يديك فين لم تستطيع فغيره بي ليسانك فين لم … Continue reading
Chapitre 27 – De la monnaie et des banques On a déjà tant écrit sur la monnaie, que, dans le nombre des personnes qui s’occupent de cette matière, il n’y a guère que les gens à préjugés qui puissent en méconnaître les vrais principes. Je me bornerai donc à un aperçu rapide de quelques unes … Lire la suite
Coronavirus + Crise × Intervention de l’Etat => Circulation de Monnaie + Inflation = Chômage
COVID-19 – Coronavirus et le Besoin d’une Nouvelle Économie du Développement comme Remède National 5 – 4 = 2020 – Le 5 Mars 2020 Un Modèle Libéral Essoufflé par le Mal-Développement Durable et Ébranlé par l’absence de … Lire la suite
Said El Mansour Cherkaoui – USA 15 Janvier 2021 Sciences Po, Grenoble Institut des Hautes Etudes de l’Amérique Latine, Paris Université de la Sorbonne, Paris III During the 1980s, the differences between non-Western countries and Third World countries became evident with regard to economic changes and progress at the level of the participation in the new industrial division of labor and the implementation of industrial strategy. East … Continue reading
Débat sur la Monnaie: Economie Politique ou Politique Economique
Said El Mansour Cherkaoui 25/9/19 Oakland USA Sciences Po, Grenoble Institut des Hautes Etudes de l’Amérique Latine, Paris Université de la Sorbonne, Paris III Théorie Quantitative de la Monnaie VIEW ON THE NEW ECONOMY Vue sur la Nouvelle Economie Economie Politique ou Politique Economique MISE À JOUR LE 19 FÉVRIER 2020 Des origines lointaines … Lire la suite
Published on July 23, 2022 Emmanuel H. Consultant crypto/Blockchain (Technique/Finance/Géopolitique/Ecologie) #Bitcoin 14 articles Petit retour sur l’histoire de la monnaie. Je ne suis pas économiste, je ne suis pas historien. Je creuse et je cherche à comprendre. Si jamais vous avez des objections, des améliorations, n’hésitez surtout pas, je ne détiens pas la vérité, si…Continue Reading →
Thank you Hamza Dalil for your answer which allows me to extend these questions to a more global level, please find here below part of my answer given that the complexity and the various repercussions of this topic need to addressed more deeply.
First of all, I would like to have specific quotes on what you write as such and I quote you:
“Today, countries, large institutions and international companies have converted some of their money into crypto …”
In addition to giving names, I would also like to know the amounts and their end use by these countries, institutions and international companies.
Likewise, these conversions of “a portion of their money into crypto ..” are carried out and again, what are the end uses and their corresponding transactions.
These amounts in foreign currencies, they have what like guarantee and reserve of reference of their solvency at the level of the nominal value, the exchange value and the level of the convertibility value.
Regarding the reaction of legal tender of central banks and cryptocurrency, through the central bank’s controlled introduction of central cryptocurrency, within an appropriate regulatory and technical framework.
Apart from supply and demand and once again I quote you:
“Today, countries, large institutions and international companies have converted some of their money into crypto …” Do these types of transactions have the same instruments as the foreign exchange market (FX or forex) or national currencies they exchange against each other via cryptographic realizations.
Does this crypto conversion provide hedge against international currency and interest rate risks and allow them to speculate on geopolitical events and diversify their portfolios?
On the other hand in FOREX, the main players in this market are usually financial institutions such as commercial banks, central banks, fund managers and hedge funds, there is no country.
But you support and once again I quote you: “At present the countries,…. Have converted part of their cash into crypto…. So the question that arises is, how do countries stay away from FOREX and invest in crypto?
Do you have the floor to explain this suicidal choice of public funds?
Does Crypto allow global companies to be used as is the Forex function with respect to forex markets to hedge the currency risk associated with foreign transactions and anonymous transactions that convey money laundering as well as illegal goods transfer operations under the table?
In addition, more than 70% of bitcoins are stored for speculative purposes, this can be detrimental to its use, which calls into question its credibility following the fluctuations that these prices are experiencing as a result of these speculative operations. In addition, anonymity is used by technicians and e-merchants to purchase illicit goods.
At the start of 2017, there were over 500 virtual currencies with a total market value of $ 16.8 billion, Bitcoin alone accounted for around 85% of the market.
New technologies have given birth to new instruments of currency circulation in contemporary economies, such as cryptocurrency, therefore the creation of a global capital market requires the internationalization of currencies that circulate outside their space of traditional area of operation.[3]
https://globalleverage.wordpress.com/2021/12/05/crypto-monnaie/
Initialement publié en October 25, 2018, 9:00 am
Collection et Recueil par by Said El Mansour Cherkaoui – publié en partenariat avec le Forum MEDays.
“Laissez faire!”, disaient les chantres du libéralisme au XIXème siècle. En réalité, la seule nation qui pratiquait, à cette époque, un libéralisme directement inspiré des manuels d’économie politique, était la Grande-Bretagne. … Lire la suite
Monetarism, Liberalism and Globalization: US Reactions and Coronavirus Clashes
The Aftermath of Coronavirus? Is this a Mathematical Formula or New Readings of Economic State Intervention? Where is the Invisible Hand of the Market? A second lecture more sincere of the works of David Hume and Adam Smith as well as David Ricardo needs to be conducted without having preconceived prism on our thoughts and perspectives that focus only and extract as well as manipulate … Continue reading Monetarism, Liberalism and Globalization: US Reactions and Coronavirus Clashes
Certaines de mes publications présentent le système monétaire international et le rôle de la Banque mondiale et du Fonds monétaire international dans la formation de l’évolution de l’économie mondiale en mettant l’accent sur les économies des pays du Sud.
Said El Mansour Cherkaoui – California – 15 Janvier 2021 Changing World Economy During the 1980s, the differences between non-Western countries and Third World countries became evident with regard to economic changes and progress at the level of the participation in the new industrial division of labor … Continue to read. إذا ريتا منكرن فغيره بي يديك فين لم تستطيع فغيره بي ليسانك فين لم … Continue reading
Cours et Compréhension: Monnaie et Banques
Chapitre 27 – De la monnaie et des banques On a déjà tant écrit sur la monnaie, que, dans le nombre des personnes qui s’occupent de cette matière, il n’y a guère que les gens à préjugés qui puissent en méconnaître les vrais principes. Je me bornerai donc à un aperçu rapide de quelques unes … Lire la suite
Coronavirus + Crise × Intervention de l’Etat => Circulation de Monnaie + Inflation = Chômage
COVID-19 – Coronavirus et le Besoin d’une Nouvelle Économie du Développement comme Remède National 5 – 4 = 2020 – Le 5 Mars 2020 Un Modèle Libéral Essoufflé par le Mal-Développement Durable et Ébranlé par l’absence de … Lire la suite
Said El Mansour Cherkaoui – USA 15 Janvier 2021 Sciences Po, Grenoble Institut des Hautes Etudes de l’Amérique Latine, Paris Université de la Sorbonne, Paris III During the 1980s, the differences between non-Western countries and Third World countries became evident with regard to economic changes and progress at the level of the participation in the new industrial division of labor and the implementation of industrial strategy. East … Continue reading
Débat sur la Monnaie: Economie Politique ou Politique Economique
Said El Mansour Cherkaoui 25/9/19 Oakland USA Sciences Po, Grenoble Institut des Hautes Etudes de l’Amérique Latine, Paris Université de la Sorbonne, Paris III Théorie Quantitative de la Monnaie VIEW ON THE NEW ECONOMY Vue sur la Nouvelle Economie Economie Politique ou Politique Economique MISE À JOUR LE 19 FÉVRIER 2020 Des origines lointaines Dès la … Lire la suite
American Caricature […]
European Union Russia USAAmerican Caricature on Russia House of Cards Peace Construction, published in 1904
World Affairs – Global Economy – International Policy – Vision and Innovation
“Patience is the birthplace of Passion” by Said Cherkaoui
New MILKY WAY
Globalized Milk Cow
Prove them Wrong with Propaganda
Show the Money of the Black Gold
Sipping the Energy out of the Barrel
Be on the edge of the social crepuscule and the financial precipice
Request higher level for External Debt Propensity
Where is MLK, is it the Martin Luther King Way?
Take the walk on the wild side Babe
Get the blues out of the blue horizon
Cross the desert with the Blue Men
The Sky’s the limit for the drones
The waves are the engines of the vessel drones
Robotdrones are the New Dynamics of Wars
Freedom is becoming a gift to buy and offer
Finance drives the competition and rewards confrontation
Said Cherkaoui
🌐Morocco🌍Tech🌐
🌍 AFRICANA🌍 ENTREPRISE🌍
Tate Yoko Research Institute – TRI
Tate Yoko Research Institute – TRI
#entreprise #finance #tech #research #energy #money #freedom #confrontation
This Cart of Food is not from a Country where the Sanctions has Reduced the Income and the Purchasing Power of the Masses
Domestic food price inflation and world food prices
Domestic food price inflation persists in many countries. Supply disruptions, increasing production costs, and appreciation of the U.S. dollar have exerted upward pressure on domestic food price inflation in most countries. Food price inflation in South Asia averaged 20% in the first three quarters of 2022 (y/y); the average for most other regions was 14%. The exception was the East Asia and the Pacific region where food price inflation averaged just 6%, in part due to stable rice prices, a key staple in the region. More data.
Russia Defiance and Western Europe Precipitation in Precipice
– Scoop on Russia – European Union – US and NATO
– World Economy in the Scope of Inflation and Recession: Twin Peaks for Depression
Russia’s Annexation […]
European Union Russia Ukraine USA
Only the […]
European Union Gazoducs Russia - GermanyOnly the gazoduc coming from Russia and supplying Germany had its pipelines leaking following a blast
A large disturbance in the sea can be observed Tuesday September 27, 2022 off the coast of the Danish island of Bornholm following unusual leaks in two natural gas pipelines running from Russia under the Baltic Sea to Germany. Danish Prime Minister Mette Frederiksen says she “cannot rule out” sabotage on Nord Stream 1 and Nord Stream 2. Danish Defence Command via AP
Escalation or opening of another front in the indirect confrontation between the Western Nations (USA and European Union) and Russia.
Were the sanctions not efficient and now we are using covert action and sabotage to impact Russian economy and the value of the Rouble?
Fiction is joining the reality, while the European Union was denoucing the weaponizing of the energy product by Russia, here we have the gazoduc used as weapon against Russia as James Bond will have conducted as his special secret actions in his movies.
Russia is deliberately weaponising the gas trade.
They aim to spread uncertainty and destabilise the European market. 12 EU countries are already directly affected by a partial or total cut-off of Russian gas.
Filling our gas storage capacities before this winter can help us prepare for possible further gas supply disruptions and cut-offs.
For this, all EU countries need to: 
Fill at least 80% of their gas storage before this winter Put in place their national contingency plans
We need to make sure that in case of full disruption, the gas flows towards where it is most needed.
That’s why we are now working on a coordinated approach — our European emergency plan.
Learn more about our gas storage regulation → europa.eu/!4K64YV
Images ©Adobe Stock
#REPowerEU #EuropeanUnion
The incident overshadowed the inauguration of a long-awaited pipeline that will bring Norwegian gas to Poland to bolster the continent’s energy independence from Moscow.
The first explosion was recorded early Monday September 26, 2022 southeast of the Danish island of Bornholm, said Bjorn Lund, director of the Swedish National Seismic Network. A second, stronger blast northeast of the island that night was equivalent to a magnitude-2.3 earthquake. Seismic stations in Denmark, Norway and Finland also registered the explosions.
“There’s no doubt, this is not an earthquake,” Lund said.
On Wednesday, Danish defense minister Morten Bødskov will travel to Brussels to discuss the leaks with NATO chief Jens Stoltenberg.
Denmark’s Foreign Minister Jeppe Kofod said Sweden, Germany and Poland have been kept informed, and “we will inform and reach out to Russia in this case.”
Denmark’s foreign intelligence service didn’t see any increased military threat against Denmark after the three leaks on the Nord Stream 1 and 2 pipelines.
Speaking on Tuesday, U.S. Secretary of State Antony Blinken acknowledged the possibility that the damage to the pipelines was deliberate, then added: “If it is confirmed, that’s clearly in no one’s interest.”
SERIOUS THINGS BEGIN FOR EUROPEAN PEOPLES!
Former #Polish Minister of Defense and ex-Minister of Foreign Affairs Radoslaw Sikorski thanks the United States for the explosion on the Nord Stream 1 and 2 gas pipelines.
According to #Reuters and #DerSpeigel, the CIA services had, for several weeks, warned #Germany about possible attacks against the Nord Stream gas pipelines in the Baltic.
As President Biden explained, the current military escalation (“Provoke the Bear”) is not really about #Ukraine. Biden promised from the start that no American troops would be involved. But he has been demanding for more than a year that Germany stop the Nord Stream 2 #gas pipeline from supplying its industry and housing with cheap gas and turn to US suppliers, whose prices are much higher.
Thus, the most pressing US strategic objective in this #NATO confrontation with #Russia is soaring oil and gas prices. In addition to creating profits and stock market gains for American companies, higher energy prices will take much of the steam off the German economy.
Der Spiegel, the leading German weekly, asks: How deep will the German recession be? and see the obvious:
Early German companies have started to throw in the towel, and consumption is collapsing as a result of the fallout from soaring energy prices. The #economy is sliding almost uncontrollably towards a crisis that could permanently weaken the country.
The article discusses the five stages in which disaster will occur:
When Germany has between 6 and 10 million unemployed, and the government will have less tax revenue because only a few companies will be profitable, the social system will collapse.
“European industry bends under the weight of soaring energy prices”, headlines the Irish Examiner: Volkswagen, Europe’s biggest carmaker, warned last week that it could relocate production out of Germany and Eastern Europe if energy prices do not fall.
Europe pays seven times more for its gas than the United States, underscoring the dramatic erosion of the continent’s industrial competitiveness and threatening to cause lasting damage to its economy.
THE TRAP IS CLOSING ON EUROPEAN PEOPLES!
LES CHOSES SÉRIEUSES COMMENCENT POUR LES PEUPLES EUROPÉENS !
L’ancien ministre #polonais de la défense et ex-ministre des affaires étrangères Radoslaw Sikorski remercie les États-Unis pour l’explosion sur les gazoducs Nord Stream 1 et 2.
Selon #Reuters et #DerSpeigel, les services de la CIA avaient, depuis plusieurs semaines, averti l’#Allemagne concernant d’éventuelles attaques contre les gazoducs Nord Stream dans la Baltique.
Comme l’a expliqué le président Biden, l’escalade militaire actuelle (« Provoquer l’ours ») ne concerne pas vraiment l’#Ukraine. Biden a promis dès le départ qu’aucune troupe américaine ne serait impliquée. Mais il exige depuis plus d’un an que l’Allemagne empêche le #gazoduc Nord Stream 2 d’approvisionner son industrie et ses logements en gaz à bas prix et se tourne vers les fournisseurs américains, dont les prix sont beaucoup plus élevés.
Ainsi, l’objectif stratégique américain le plus urgent dans cette confrontation de l’#OTAN avec la #Russie est la flambée des prix du pétrole et du gaz. En plus de créer des profits et des gains boursiers pour les entreprises américaines, les prix plus élevés de l’énergie vont enlever une grande partie de la vapeur de l’économie allemande.
Der Spiegel, le grand hebdomadaire allemand, s’interroge : Quelle sera l’ampleur de la récession allemande ? et constate l’évidence :
Les premières entreprises allemandes ont commencé à jeter l’éponge et la consommation s’effondre sous l’effet des retombées de l’explosion des prix de l’énergie. L’#économie glisse de manière quasi incontrôlée vers une crise qui pourrait affaiblir durablement le pays.
L’article évoque les cinq étapes au cours desquelles la catastrophe se produira :
– Premier acte : le gel de la production – Le coût de la production en Allemagne devient prohibitif.
– Deuxième acte : le piège des prix – Personne n’achète des produits allemands au prix trop élevés.
– Troisième acte : La crise de la consommation – Obligés de payer les prix élevés de l’énergie, les consommateurs allemands achètent moins de tout le reste.
– Quatrième acte : La vague de faillites.
– Cinquième acte : L’acte final sur le marché du travail.
Lorsque l’Allemagne comptera entre 6 et 10 millions de chômeurs, et que le gouvernement aura moins de recettes fiscales car seules quelques entreprises seront rentables, le système social s’effondrera.
« L’industrie européenne plie sous le poids de la flambée des prix de l’énergie« , titre l’Irish Examiner : Volkswagen, le plus grand constructeur automobile européen, a prévenu la semaine dernière qu’il pourrait délocaliser sa production hors d’Allemagne et d’Europe de l’Est si les prix de l’énergie ne baissent pas.
L’Europe paie son gaz sept fois plus cher que les États-Unis, ce qui souligne l’érosion dramatique de la compétitivité industrielle du continent et menace de causer des dommages durables à son économie.
LE PIEGE SE REFERME SUR LES PEUPLES EUROPEENS !
FÜR DIE EUROPÄISCHEN VÖLKER BEGINNEN ERNSTE DINGE!
Der ehemalige #polnische Verteidigungsminister und Ex-Außenminister Radoslaw Sikorski dankt den Vereinigten Staaten für die Explosion der Gaspipelines Nord Stream 1 und 2.
Laut #Reuters und #DerSpeigel warnten die CIA-Dienste #Deutschland seit mehreren Wochen vor möglichen Angriffen auf die Nord-Stream-Gaspipelines in der Ostsee.
Wie Präsident Biden erklärte, geht es bei der aktuellen militärischen Eskalation („Provoke the Bear“) nicht wirklich um #Ukraine. Biden versprach von Anfang an, dass keine amerikanischen Truppen beteiligt sein würden. Aber er fordert seit mehr als einem Jahr, dass Deutschland die #Gaspipeline Nord Stream 2 daran hindert, seine Industrie und Wohnungen mit billigem Gas zu versorgen, und sich an US-Lieferanten wendet, deren Preise viel höher sind.
Daher ist das dringendste strategische Ziel der USA in dieser #NATO-Konfrontation mit #Russland steigende Öl- und Gaspreise. Neben Gewinnen und Börsengewinnen für amerikanische Unternehmen werden höhere Energiepreise der deutschen Wirtschaft viel Dampf nehmen.
Der Spiegel, die führende deutsche Wochenzeitung, fragt: Wie tief wird die deutsche Rezession sein? und sehe das Offensichtliche:
Frühe deutsche Unternehmen haben begonnen, das Handtuch zu werfen, und der Verbrauch bricht infolge der Folgen der steigenden Energiepreise ein. Die #Wirtschaft schlittert fast unkontrolliert auf eine Krise zu, die das Land nachhaltig schwächen könnte.
Der Artikel diskutiert die fünf Phasen, in denen eine Katastrophe eintritt:
Wenn Deutschland zwischen 6 und 10 Millionen Arbeitslose hat und der Staat weniger Steuereinnahmen hat, weil nur noch wenige Unternehmen profitabel sind, bricht das Sozialsystem zusammen.
„Die europäische Industrie beugt sich unter dem Gewicht steigender Energiepreise“, titelt der Irish Examiner: Volkswagen, Europas größter Autobauer, warnte vergangene Woche davor, die Produktion aus Deutschland und Osteuropa zu verlagern, wenn die Energiepreise nicht sinken.
Europa zahlt siebenmal mehr für sein Gas als die Vereinigten Staaten, was die dramatische Erosion der industriellen Wettbewerbsfähigkeit des Kontinents unterstreicht und droht, seiner Wirtschaft dauerhaften Schaden zuzufügen.
DIE FALLE SCHLIESST SICH FÜR DIE EUROPÄISCHEN VÖLKER ZU!
More to Read on Russia – Ukraine – European Union and United States
European Union and Russian Oil Embargo !
European Commission 7/10/2022 Russia is deliberately weaponising the gas trade. ❌ They aim to spread uncertainty
Western Diplomacy Blend of Waltz and Petrushka: USA – Europe Union – Russia Loves and jealousies of two figurines: US and EU along with one puppet: Ukraine Bringing Freedom to Ukraine, like liberating Women in Afghanistan and giving the best gift in life to Iraq and Democracy to Libya and Syria, Who is Next Reserve your seat for the next Arab Spring Trip They close … Continue reading Western Diplomacy Blend of Waltz and Petrushka: USA – Europe Union – Russia –
Europe, Pomme de Discorde et Fin de l’Idylle de l’Eden Occidental ★ GLOBAL LEVERAGE ★ Said El Mansour Cherkaoui, Ph.D. 5/10/2022 President Emmanuel Macron “a averti que si l’Europe aidait maintenant l’Ukraine, il arriverait un moment où Moscou et Kiev demanderaient la paix et à ce moment-là, aucune des parties ne devrait être humiliée ou exclue comme cela s’est produit pour l’Allemagne … Continue reading Europe, Apple of Discord and End of the Idyll of Western Eden –
Said El Mansour Cherkaoui, Ph.D. 05/05/2022 BRICS (Brésil – Russie – Inde – Chine – Afrique du Sud) Triangle Russie – Inde – Chine La formation du groupe BRICS en 2010 a souligné que “le monde subit des changements importants et rapides qui mettent en évidence la nécessité de transformations correspondantes de la gouvernance mondiale dans tous les domaines pertinents”. Ses membres ont également fait valoir que leur contrôle … Continue reading Brexit ou pas Brexit, le Royaume-Uni et l’Union européenne en Inde pour Briser les liens des BRICS avec la Russie –
Said El Mansour Cherkaoui, Ph.D. 5/5/2022 BRICS (Brazil – Russia – India – China – South Africa) Russia – India – China triangle In particular, the formation of the BRICS group in 2010 emphasized that “the world is undergoing significant and rapid changes that highlight the need for corresponding transformations of global governance in all relevant areas.” Its members have also argued that … Continue readingBrexit or not Brexit, United Kingdom and European Union in India to Break Ties of the BRICS to Russia –
Par Dr. Said El Mansour Cherkaoui Les Prix de l’essence a gauche Californie du Sud, dans les mains du Président Biden, Californie du Nord, c’est une moyenne pour un Gallon l’équivalent de 3.785411784 L. Oakland – Californie – Houston – Texas – Paris – France – El Jadida – Maroc INFLATION PAR LA POMPE PRIX DE L’ESSENCE LE GALLON AMÉRICAIN A OAKLAND, CALIFORNIE et HOUSTON … Continue reading Far-Est Division et Éclatement de l’Europe –
European Commission As the brutality of the Russian invasion increased, the European Union approved the fifth package of sanctions against the Kremlin’s war machine. These measures are broader and harsher and dig even deeper into the Russian economy. They follow atrocities committed by Russian forces in Bucha and elsewhere in Ukraine under Russian occupation. They target six main issues: import of coal from Russia transactions with 4 … Continue reading Russia★China & Europe★USA –
Said El Mansour Cherkaoui English Version: Nationalism Versus Liberalism: War and Finance in Europe Quelle est votre réponse à ce sujet ? Council on Foreign Relations Un groupe de réflexion La Crème de la Crème mais republiant des articles avec sensation cette réalité, avec mon respect pour tous les autres écrivains éminents. Sebastian Mallaby soutient que, même si la Russie et la Chine sont mécontentes … Continue reading Nationalisme Contre Libéralisme en Europe: Guerre et Finance –
Russian forces are intensifying their attacks on Kyiv and western Ukraine as it prepares to shift focus to the eastern Donbas region. The New York Times says Russia’s strategy seems to involve “degrading” Ukraine’s capabilities across the country before renewing its offensive to the east. Meanwhile, Russia has warned the U.S. and NATO that they risk “unpredictable consequences” by continuing to arm Ukraine with “sensitive” … Continue reading Nationalism Versus Liberalism: War and Finance in Europe –
Honorable Christine Lagarde 6/9/2022 Our prior and predictive work on the Inflation and Staginflation in Europe and the economies linked to the Supply Chain coming and going out of European Countries, for more details read more in the following link: European Central Bank: Eurozone, Money and Inflation AFRICANA ENTREPRISE ★ GLBAL LEVERAGE ★ MoroccoTech European Commission European Central Bank OECD – OCDE … Continue reading European Central Bank: Eurozone, Money and Inflation –
US seizes Russian oligarch’s yacht The U.S. has taken possession of a superyacht said to be owned by a Russian billionaire and has filed a warrant to seize two private jets owned by another oligarch.View news story 3,855 2,306 comments 647 shares Elmahdi Oummih(He/Him) 1st degree connection1stManaging Director at Medical Device Group 3w Nothing Biden Administration/Congress has said about the Conflict in Ukraine has been … Continue reading Sanctions Against Russia Oligarch – Billionaires: People Reactions –
EU countries announced last night that they had agreed to a substantial ban on the import of Russian oil. After opposition voiced by Hungary, imports will only be halted on oil that arrives by sea, but the sanctions still account for two-thirds of all Russian oil supplied to the EU. Russia had been delivering 27 percent of the EU’s imported oil and was receiving roughly … Continue reading Russian Oil Embargo or in Barco ! –
ACTUALITÉS – CHRONOLOGIE le 04 janvier 2000 à 00h 00 1991 – 8 décembre : les présidents des trois républiques soviétiques de Russie (Boris Eltsine), d’Ukraine et du Bélarus «constatent» la fin de l’Urss, à Belouvejskaïa Pouchtcha, près de Minsk (Belarus), et décident de créer une Communauté d’États indépendants, la CEI. – 21 décembre : création à Alma Ata (Kazakhstan) par onze ex-républiques soviétiques (sauf la Géorgie) … Continue reading Les grandes dates de la politique extérieure russe depuis la chute de l’URSS –
Carnegie Endowment for International Peace Original Title: Crying Genocide: Use and Abuse of Political Rhetoric in Russia and Ukraine MATTHEW KUPFER, THOMAS DE WAAL JULY 28, 2014 Summary: The word “genocide” has long been abused in Eastern Europe. In the current Ukraine crisis, such fiery rhetoric is fueling a dangerous conflict and hindering reconciliation. Rinat Akhmetov, a powerful oligarch who had been wavering in the conflict … Continue reading Look at the Roots of Genocide: Russia – Ukraine War of Rhetoric –
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Doing Business in China Said El Mansour Cherkaoui USA
Globetrotter for Trade and Business Cultures – GLBAL LEVERAGE
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The Paris Motor Show saw Renault present their Showcar K-ZE, which is a prototype for the announced City SUV models, which will be released in China next year. Furthermore, the automobile manufacturer has announced additional PHEV and HEV versions of current vehicle models. Renault plans to sell the Clio as a hybrid version, Read more
Less than two years ago I stood in front of this large blank slate field just South of Shanghai with a handful of my Tesla peers in the early stages of GFSH design. The second picture shows what this field Read more
Invited by the Chinese Government to facilitate the international expansion of Chinese companies and to provide training to the leaders of Chinese companies on the requirements of business internationalization and the development of logistics sof market-entry including distribution in Western Europe and United States of America.
This invitation followed the organization of a 3-month training course that I had prepared in Oakland and Berkeley within the Center for International Trade Development (CITD) in collaboration with academic and professional institutions located in Oakland and Berkeley in the San Francisco Bay and Northern California.
These study and training programs provided to Chinese delegations was composed of businessmen, CEOs and regional representatives of the authorities of central power and was part of the cooperation agreements between China and United States.
In fact since 1995, I had already established direct and consulting relationships with Chinese officials when I served as Vice President of the International Business Commission within the San Francisco Chamber of Commerce. I also organized the visit of a delegation made up of members of research centers, businessmen and leaders of the provinces of Yunnan, Dalian and other regions of China.
Our prayers and thoughts go out to the valiant Chinese People for their recovery and for that of the Peoples of this World currently suffering from this epidemic which we hope will be banished from all our memories and from our human history by the scientific and divine will, Ameen.
03/30/2020
China and Said El Mansour Cherkaoui https://t.co/o9KmixIvXA
— Tate Yoko Research Institute – TRI (@DrCherkaoui) October 29, 2022
From Atlas Mountains, Alpes Mountains, Berkeley Hills to Jundu Mountains (军都山; Jūndūshān) August 23, 2021In “Asia”
Globetrotter for Trade and Business CulturesAugust 5, 2021In “Africa”
Trade MOROCCO USA November 10, 2021In “Doing business in the United States of America”
October 10, 2021
ASEAN, Asia, BRICS, China, Doing Business in China, Doing business in the United States of America, Global Center for Trade
China, Doing Business in China, Doing business in the United States of America, USA
Not Just Doing Business But Building Relationship in China
Said El Mansour Cherkaoui: International Conferences
“China and Said El Mansour Cherkaoui”
Said El Mansour Cherkaouit · Shared with Your friends Dr. Said El Mansour Cherkaoui – CITD – Center for International Trade Development in China
I have worked with the CITD in Oakland and Berkeley. I was among the first members who joined this organization in 1992-1993 and worked with the CITD that was located within the Vista Community College.
I participated in the first Statewide meeting of the CITD and contributed in drawing the organizational and working strategies of the California CITD.
At this date, only 5 CITD existed and Dr. Barbara Beno was the President of Vista Community College. In fact, I have during all the years since 1994 to 1998 and from 2001 to 2007, I have drafted all the strategies and the planning of the activities of the CITD and the East Bay Center for International Trade Development respectively located in Berkeley, Oakland and later on in Berkeley again.
Furthermore, I have organized outbound and inbound trade delegations from many countries including from China (several delegations), Egypt, Morocco, East and Western African countries, Vietnam, Japan along visits by entrepreneurs.
La sagesse universelle, le savoir-faire occidental et la connaissance humaine avec un éclairage de la Chine:
Dr. Said El Mansour Cherkaoui See less— in Guizhou.
La sagesse universelle, le savoir-faire occidental et la connaissance humaine avec un éclairage de la Chine:
Dr. Said El Mansour Cherkaoui en Chine — in Guizhou.
Les Trois Chandeliers et Dr. Said El Mansour Cherkaoui:
La sagesse universelle, le savoir-faire occidental et la connaissance humaine avec un éclairage de la Chine:
Dr. Said El Mansour Cherkaoui en Chine
Said El […]
Africa Afrique
Said El Mansour Cherkaoui Works on 🌍Articles and Reports on Africa developed by Dr. Said El Mansour Cherkaoui
Africa Regional and Trade Integration is presented in its expression of development and modernization of the infrastructure and transfer of values between African countries.
Here below you will be able to read the proven track of records build from the ground up by Said El Mansour Cherkaoui for the sake to promote Africa and the international trade and business around the world in his following profile:
★★ Version ★ English ★ Française★★ ★★Version ★★★★English Africa and Subcapitalism: Strategy of National Development? or Business Model for Global Integration ★★Version ★★★★Française L’Afrique et Lire la suite
Said El Mansour Cherkaoui ★ Africa ★ Afrique
AFRICA AFRIQUE ÁFRICA أفريقيا 非洲
🌍 Said El Mansour Cherkaoui, Ph.D. Published Articles on Africa
🌎 ★ Dr. Said El Mansour Cherkaoui
欢迎 Dr. Said El Mansour Cherkaoui with the Center for International Trade Development – CITD Dr. Said El Mansour Cherkaoui Developed Strategies and Directed Training on Market and Technology to Strengthen China Trade and Business in the United States, Africa, Europe and Middle East At Milvia we launched the First CITD in North California and the … Continue reading Dr. Said El Mansour Cherkaoui
Said El Mansour Cherkaoui: Africa Afrique
Said El Mansour Cherkaoui Works on Articles and Reports on Africa developed by Dr. Said El Mansour Cherkaoui Africa Regional and Trade Integration is presented in its expression of development and modernization of the infrastructure and transfer of values between African countries. Said El Mansour Cherkaoui ★ Africa ★ Afrique See the proven track … Continue reading Said El Mansour Cherkaoui: Africa Afrique
American Institute & Entrepreneurial Africa
American Institute of Entrepreneurship in Africa Said El Mansour Cherkaoui American Institute of Entrepreneurship in Africa American Institute … Continue reading
By Said El Mansour Cherkaoui / 26 Novembre, 2018 L’éducation transforme l’entrepreneuriat en pont pour faire joindre l’intégration de l’Afrique a la destination de l’amélioration des conditions de vie des africain/es Dr. Said El Mansour Cherkaoui INSTRUCTIONS POUR INSCRIPTION Participants a notre Webinaire – Seminaire DE FORMATION ET D’ÉDUCATION EN LIGNE Il s’agit de réunir un petit… Read More Webinaire Entrepreneuriat
Gold dinar, Spain, Almoravides. Yusuf ben Tasfin (1087-1106), struck at Segilmesa (Sijilmasa) in 480 AH (1087 A D). Africa had a regional trade integration establishing routes and infrastructure through the… Read More Trade and Integration in Africa: Lessons from the Past
Morocco’s relations with ECOWAS member countries have been strengthened thanks to the 23 recent royal visits to 11 countries in the region, which resulted in agreements that stimulated cooperation with the 15 member countries of the ECOWAS. Read More
Miloud Chaabi Doyen des Entrepreneurs Fils du Peuple … Read More Miloud and Chaabi Family
Morocco – Ivory Coast: Foundations of Economic Integration in Africa – English – Google Docs
https://docs.google.com/document/d/1fBfCVnoD8LJdpk6I-nYxEk9w9wGZoKaX7dkD9o9_Un4/edit?usp=sharing
Integration of Africa with Morocco Introduction: His Majesty King Mohammed VI visited the Republic of Côte d’Ivoire on Sunday, November 26, 2017 to seal business agreements and also participate in the work of the 5th AU-EU Summit. Read More
★ UPDATES ★ Friday July 7, 2020 ★ Worldwide Cases Overview The world reached two tragic milestones on Sunday — 10 million COVID-19 cases and 500,000 deaths — with 1 million infections added in the past six days even as nations eased lock-downs and focused on economic recovery. Five million people have recovered. Infections keep… Read More★ ★ ★ Coronavirus Trends ★ ★ ★
Coronavirus in Africa Tracker Last updated: 30-04-2020 08:31 GMT Confirmed cases in Africa Region Total confirmed cases Active confirmed cases Recovered Confirmed deaths Algeria 3,848Total confirmed cases 1,702Active confirmed cases 1,702Recovered 444Confirmed deaths Angola 27Total confirmed cases 18Active confirmed cases 7Recovered 2Confirmed deaths Benin 64Total confirmed cases 30Active confirmed cases 33Recovered 1Confirmed deaths Botswana 23Total… Read More Coronavirus Challenges Africa
Entrepreneurial Education, Digital and Knowledge Economy in Africa It is through the establishment of a digital economy that foreign trade officials and international financial relations can have access to reliable data and closer management of flows and their cyclical changes. The corresponding data can facilitate decision-making like any sectorial intervention without calling into question the… Read MoreAfrica Tech – Social Cost or Cost Opportunity
Entrepreneurship and High Tech in the Land of High Cuisine, High Culture and High Couture France ★ Africa Tech Entrepreneurship with Macron in Lagos
Reaching Another Level in Sino-African Trade Relations “China’s cooperation with Africa is clearly targeted at the major bottlenecks to development,” “Resources for our cooperation are not to be spent on any vanity projects, but in places where they count the most.” China’s President Xi pledges another $60 billion for Africa President Xi said, in a… Read More China Africa Relationship: Model or Deception
04 Sep 2019 / Article Africa CEOs Survey 2019: « 81% of business leaders view the impact of the AfCFTA positively » The AFRICA CEO FORUM and Deloitte have published a survey to better understand the African private sector. More than 120 company directors from all over the continent took part. According to the findings… Read MoreScore by African Economies in World Attractiveness Championship
Othman El Ferdaous • 1st#Morocco’s Secretary of State for Investment, assistant to the Minister of Industry, Investment, Trade & Digital Economy Industrial ecosystems allow global manufacturers to share competitive gains obtained by setting operations in hashtag#Morocco with the suppliers Morocco helps them attract. The Groupe PSA ecosystem in Kenitra is now home to 62 parts… Read MoreEcosystem by the Tenants of the Political Parties System in Morocco
Storm and Distress in the Nile for the Flagship of the Moroccan Banks: Attijarawafa Loss in Egypt ROUGH ROAD: Le Casse-Tête Banquier: Attijarawafa se casse les dents sur les Pyramides Finance: After its acquisition, Attijariwafa Bank is struggling in Egypt By El Mehdi Berrada, in Casablanca Posted on Monday, 22 July 2019 10:40 1904 – The Compagnie Française… Read More Attijara wafa in Egypt
African leaders suddenly became believers in the benefits of international trade liberalism, which are struggling to counter and fall back on the African continent. Africa has 43 members out of the 162 members of the World Trade Organization, and African countries represent more than a quarter of the actors in this institution. The WTO is… Read More Africa Stands for Your Trade Rights
New Car New Driver at the Reins of Power and at the Command of the State The fate of Abdelaziz Bouteflika crystallizes in itself the end of the taking and the controling of state power as a right acquired through the war of liberation against the Western colonial presence in Africa, Asia and the mercantilistic… Read MoreAlgeria Awakening 2019
Here Africa is getting paid virtually and no more shake hand-traditions to close deals. Forbes from Tangier and the Strait of Jabel Tarik to The Cape of Good Hope with great HOPES is betting on money drive through the Digital African Space – Meanwhile, we really hope that this virtual intelligent technology will not make… Read More Africa Status
Dr. Said El Mansour Cherkaoui has contributed in directing China market orientation and technology development toward Europe, Africa and Middle East Strategic Integration of China in the International Market Global trade and globalization helped China to bridge the gap at the level of modernization of its productive and industrial sectors. Global trade relations facilitate the… Read More China Global Trade Challenges
These News updates come to you from Oakland //rf.revolvermaps.com/0/0/6.js?i=55izdmc5crb&m=7&c=e63100&cr1=ffffff&f=arial&l=0&bv=90&lx=-420&ly=420&hi=20&he=7&hc=a8ddff&rs=80 Ford Passed Over by Nikola Electric Truck Startup The market value of Nikola Corp., a little-known electric-truck startup that went public last week, has surged past that of Ford Motor Co. and other car companies in recent days, as investors continue to bet on the growth… Read More Selected Top Global and U.S. News
Culture of Entrepreneurship, Innovation, Creativity, Social Progress “Education is the Foundation to Build on Entrepreneurship as the Bridge for the Integration of Africa and the Road for the Improvement of Living Conditions of the African Citizens.” Said El Mansour Cherkaoui. Interested in the Entrepreneurship in Africa? Education is one of the factors that… Read More American Institute of Entrepreneurship of Africa AIEA
Trade of United States, California with Morocco
The Moroccan-American friendship up-to-this date [2019] has lasted more than 240 years: The Barbary Treaties 1786-1816Treaty with Morocco June 28 and July 15, 1786 Dr. Said El Mansour Cherkaoui & CITD in Casablanca [Morocco], Berkeley and Oakland working to expand California – Morocco trade relations Dr. Said El Mansour Cherkaoui Promoting Moroccan-US Trade, Business and… Read More Trade of United States, California with Morocco November 26, 2018
“Economic globalization represents the trend of history, surging forward in relentless flow, ” Declaration of President Xi Jinping at the opening ceremony of the second China International Import Expo. #XiJinping#CIIE2019 China – Africa – Europe From Fuzhou to Nairobi and Trieste Silk Road, the ancient trade route, once ran between China and the West during… Read More China’s Silk Belt and World Trade Road
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Continuously updated with new inputs and trends For Better or Worse Emergent Technologies Changing Africa! Are these efforts going to increase the use of Information Communication Technologies and develop broadband penetration in Africa? Will technology increase the divide or help to integrate Africa? What are the Destiny and the Reality of the Technology in the… Read More Africa Startup: Boomerang of Micro-ECommerce
L’EFFET FLOYD… PART 2 LE GOUVERNEMENT GHANÉEN ORGANISE UN MEMORIAL… À GEORGES FLOYD… ET APPELLE À UNE ACTION MONDIALE COORDONNÉE CONTRE LE RACISME ENVERS LES NOIRS À TRAVERS TOUS LES PAYS DU MONDE… Le gouvernement Ghanéen a organisé un mémorial à Georges Floyd victime de brutalité policière aux Etats Unis… Il faut rappeler que depuis… Read More Said El Mansour Cherkaoui ★ and Africa ★ et l’Afrique
Dr. Said El Mansour Cherkaoui has organized several trade missions in California, North and Sub Saharan Africa, China, France and Spain. Similarly, he has contributed in the setting of trade relations within the scope of the US – Morocco Free Trade Agreement (MAFTA). Dr. Cherkaoui’s profile can be accessed at this link: https://www.linkedin.com/in/drsaidcherkaoui/ Morocco Background The… Read More USA and Morocco: Trade Profile
African Reports written in French and English Languages Dr. Said El Mansour Cherkaoui l’Africain #Infographiehashtag#Afrique A ce jour, le Maroc a signé 13 partenariats avec des pays Africains dans le cadre de la promotion des énergies renouvelables et du partage de savoir-faire de Masen hashtag#Infographichashtag#Africa To date, Morocco has signed 13 agreements with African countries… Read More Connect Africa t
Les critères utilisés et cités comme réformes favorables pour Doing Business et qui servent comme principales références pour déterminer l’amélioration du climat d’affaires demeurent rudimentaires et élémentaires par rapport a un réel développement des entreprises et une implantation des conditions structurelles pour le progrès social et économique national. ” Le score de la facilité de faire… Read More Africa’s Roots of Subcapitalism & Mal-Development
Dr. Said El Mansour Cherkaoui 9/11/2020 – El Jadida – Morocco – Oakland – California What are the prominent hurdles and hindrances for the Integration of Africa through Ecommerce and Digital Business ★ Inadequate terrestrial broadband backbone ★ High costs of broadband access (last-mile) limit growth of the cloud-computing market ★ Poor quality of service … Continue reading
CNUCED : l’Afrique, terre promise de l’économie numérique Par Aboubacar Yacouba Barma | En Afrique, le commerce électronique est à ce jour impacté par la faible connectivité et l’absence de véritables solutions de paiement ou logistique. (Crédits : Pixabay) L’économie numérique connaît une croissance sans précédent sur le Continent, portée notamment par la dynamique dans le commerce… Read More Made in Africa Digiteconomie
China Africa Relationship: Model or Deception – AFRICANATION
Said El Mansour Cherkaoui Silk Road to China Dr. Said El Mansour Cherkaoui was invited by the Government of China …. Read More China Africa Relationship: Model or Deception
China Africa Relationship: Model or Deception – West Versus East in Africa
Africa Visa Openness Report 2019
Africa Regional and Trade Integration is presented in its expression of development and modernization of the infrastructure and transfer of values between African countries
Stay informed or Join us in this endeavor to contribute in the Education of Africans
Continuously updated with new inputs and trends For Better or Worse Emergent Technologies Changing Africa! Are these efforts going to increase the use of Information Communication Technologies and develop broadband penetration in Africa? Will technology increase the divide or help to integrate Africa? What are the Destiny and the Reality of the Technology in the … Continue reading
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Dr. Said El Mansour Cherkaoui
Dr. Cherkaoui’s career combines an international consulting practice, executive and managerial business duties with E-Learning practices, applied research and academic responsibilities in Europe, United States of America with project development in Africa, the Middle East as well as in the rest of the Third World. He has a successful record in international trade, business, and market development for various economic sectors which span from agriculture to information technology and telecommunications industries. Dr. Cherkaoui has held Executive and Senior Management positions at Global Center for Trade (GLOCENTRA), East Bay Center for International Trade Development and California-Mexico Trade Assistance Center (EBCITD and CMTAC), Mercanteo/Amient, Sprint, Everex, the San Francisco Chamber of Commerce, Baker Associate and as Researcher with several institutes in Europe.
Dr. Said El Mansour Cherkaoui who has organized conferences on Africa in California, hosted trade and business delegations from Africa and represented US companies in trade shows and events in Morocco during the time when Africa was still considered as distant and untapped continent where differences and hurdles were more emphasized as risks than the present talk of opportunities.
Dr. Cherkaoui has also provided and continue to offer consulting, organized conferences, published, conducted presentations and research, and taught courses on Africa. Here in the following publications, you will find some of his extensive work on Africa written in English and French.
Dr Cherkaoui holds a Doctorate in Economics with Honors from the Universite de Sorbonne, Paris, France. with Research Directors as Drs. Frederic Mauro and Jacques Chonchol, two of the most preeminent Latin-American Experts and Researchers worldwide. Dr. Cherkaoui conducted an extensive doctoral research for 14 years and initially wrote 1400 pages for the doctoral thesis focusing on modernization, the early transfer of technology and their combined cause-effect relationship with international investment and regional development in Latin America as well as other developing countries.
Dr Cherkaoui also received his Master of Science degree in Prospective Science from l’Institut de Prospective et de Politique de la Science, Universite Pierre-Mendes France, (UPMF) Grenoble, France and a Diplome du Second Cycle in Economics & Finance from the L’Institut d’Etudes Politiques, UPMF, Grenoble, France. His graduate studies concentrated on Industrial Organization, Finance and the central economic role of the Moroccan State. His Bachelor of Arts degree in Accounting, Economics and Statistics is from the same Institute. Dr. Cherkaoui also holds several U.S. technical and professional certificates on Telecommunications, Information Technology, Entrepreneurship, Online Teaching, Sales, Business Management, International Trade, Trade Finance, Export-Import operations and Trade with Mexico.
Said El Mansour Cherkaoui Africa needs to wake up and stand for its rights to find its own ways and means to achieve self-sustainability and self-respect and not to fall into the traps of the disguised profiteers and subcapitalits servants of foreign interests that changing their faces and cloths but not their objectives through the offer of liberal approaches and free trade by paying with paper and receiving in exchange all the goodies, the goldies and what wealth has Africa under the lands of the tribes that watch their resources slipping away under their nose without having even the rights to smell or sneeze on the perfume of their ancestors belongings that is becoming the claims of international monopolies and oligopolies.
Africa Claim your own voice of integrity and accountability and decide about the progress of your own people.
The Presence […]
Caribbean Community Central America China Diplomacy South America USAThe Presence of China and Diplomatic Works in the Americas
Costa Rica is China ‘s second largest trading partner in Central America while China is the second largest trading partner of Costa Rica . In recent years, bilateral trade between the two countries has grown rapidly. In June 2007, China and Costa Rica established diplomatic relations. In November 2008, Chinese President Hu Jintao visited Costa Rica and announced with Costa Rican President Oscar Arias the launch of China-Costa Rica free trade negotiations.
Since 2007, however, the international context has changed. Despite the deeply intertwined nature of the U.S. and Chinese economies, relations between the two countries have deteriorated, and there is a growing consensus within the U.S. political class that China represents — in both business and military terms — a “threat.”
19 June, 2021
The establishment of diplomatic relations between Costa Rica and the People’s Republic of China in 2007 marked a turning point for the Asian power’s involvement in the region. Prior to the shift, every country in Central America had maintained ties with Taiwan, and the move took place within the context of an ongoing diplomatic battle between Beijing and Taipei. At the time, the change did not provoke an angry reaction on the part of the United States, which itself has maintained close relations with Beijing for decades.
Since 2007, however, the international context has changed. Despite the deeply intertwined nature of the U.S. and Chinese economies, relations between the two countries have deteriorated, and there is a growing consensus within the U.S. political class that China represents — in both business and military terms — a “threat.”
China’s engagement with the world is manifold, and differs according to a given region’s resources and opportunities. Evan Ellis, a research professor at the U.S. Army War College Strategic Studies Institute, with expertise in Chinese-Latin American relations, explains that, “in general…China’s pursuits in Latin America and the Caribbean are remarkably consistent with what it seeks globally: secure sources of commodities and foodstuffs, reliable access to markets for its goods[,] services, [and] strategic technologies.”
Beijing has waged a diplomatic battle against Taiwan vis-à-vis Central America, but China’s main interest in the region is geo-economic. On top of its strategic military value, geography has lent the isthmus an economic value as well, thanks to its proximity to the United States — its access to the Gulf of Mexico and its status as the “backyard” of the United States, or, in Ronald Reagan’s term, its “soft belly.” The region’s geographic position has meant that it has become a global communications and transportation hub. It is a key maritime and air traffic corridor — a bridge between two great oceans, and between the northern and southern subcontinents of the Americas. Ports, airports, multimodal transport platforms and the construction of roads are all important to the United States, but also to China, a rising global superpower.
Central America may not have the lure of Chile’s copper reserves, or Venezuela’s oil deposits, or Peru’s iron lodes, but it is a key trade corridor for Chinese access to the east coast of the United States.
As the global rivalry between the United States and China escalates, reactions to the region’s relationship with Beijing are changing. When Costa Rica established ties with China, there was no reaction from Washington, but the establishment of Chinese relations with Panama, the Dominican Republic, and El Salvador have prompted calls for U.S. diplomatic consultations in all three countries.
In January 2020 U.S. Secretary of State Mike Pompeo cautioned Costa Rica against Chinese promises, which, he said, “have often produced only debt, dependency, and even the erosion of sovereignty from some nations.” During a recent visit to El Salvador, President Biden’s special envoy to Central America, Ricardo Zúñiga, expressed concerns over the Bukele administration’s rapprochement with China — a confirmation of the U.S. political class’s growing worries over China’s presence in the region.
Even without considering the concerns of U.S. officials, and despite the fact that Honduras, Nicaragua, and Guatemala do not maintain diplomatic relations with China (even though Chinese businesses operate in Guatemala and Honduras), the increase in Chinese activity in the region is nevertheless a noteworthy development.
Chinese Relationships in Central America
Chinese involvement in Panama pre-dates the establishment of diplomatic relations. Hutchinson-Whampoa, a Chinese company based in Hong Kong, was involved in container transport operations there, and when Panamanian President Juan Carlos Varela started developing closer ties with Beijing, relations between the two countries advanced rapidly. Panama agreed to join China’s massive “Belt and Road” global infrastructure project, and President Xi Jinping visited Panama in 2018. Since 2001, trade between the two countries has grown by a factor of 22.
Conversations regarding a Chinese-Panamanian free trade agreement have stalled, however, as have Chinese investment projects in general. Chinese companies involved in copper extraction in Panama have pulled out of the country. Construction of a new shipping port is incomplete, and investments in electricity have slowed, as have various water management projects, including the construction of a fourth set of canal locks. Under the administration of Laurentino Cortizo, projects of interest to China have failed to materialize.
In response to warnings from the United States, the Cortizo government, in power since 2019, is putting the brakes on developing more ties with China. On a visit to Panama in October 2018, Pompeo warned Varela of the dangers posed by the Asian superpower, but the prospect of Panama backtracking on its diplomatic relations with China and recognizing Taiwan is highly unlikely. China will continue to invest in and trade with Panama.
Chinese companies are currently constructing a fourth bridge over the Panama Canal, and despite opposition, the government is set to renew its contract with Hutchinson for operation of the ports. The construction of a new convention center financed and built by China is already complete, and Chinese technology companies Huawei and ZTE continue to provide equipment for Panama’s telecommunications service providers, as well as for “safe city” surveillance systems in the port of Colón. The Chinese government’s global educational partnership program, known as the Confucius Institute, has a program at the University of Panama, and more than 200 Panamanian students have received scholarships to study in China.
Costa Rica’s relationship with China took off in 2007, when ex-president Óscar Arias severed ties with Taiwan after China agreed to purchase $300 million in Costa Rican debt. As a further token of appreciation, the Chinese government spent over $100 million building a new national sports stadium in San Juan, and the countries entered into a free trade agreement. This was followed by visits from presidents Hu Jintao and Xi Jinping, the donation of a new building to house Costa Rica’s National Police Academy, and donation of two of police surveillance airplanes. In February 2021, the Chinese government gifted millions more in motorcycles, body armor, and other security equipment to Costa Rican police. The Confucius Institute is active in the country as well, operating out of the University of Costa Rica.
Relations between China and Costa Rica have remained cordial, but the last two Costa Rican administrations have begun cooling ties in light of U.S. warnings. During a 2020 visit by Pompeo, the U.S. ambassador criticized Chinese road construction projects in the country.
But the relationship has been a positive one for both countries, and follows China’s pattern of relationship building with the developing world more broadly: gifts, coupled with an opening of local markets to Chinese exports. Today, China continues to import Costa Rican pineapples and beef, and Costa Rica recently purchased several Chinese passenger trains. In 2020, 2% of Costa Rica’s exports and 14% of its imports were with China.
Despite these cordial ties and trade benefits, the Chinese company responsible for expanding and modernizing Highway 32 in Costa Rica has yet to finish construction, due to design errors and delays in property expropriations. The proposal to create special economic zones has not seen any progress, and a project to upgrade the state oil refinery has drowned in a sea of corruption accusations. On the diplomatic front, the administration of Carlos Alvarado, plagued by its own internal problems, has neglected to strengthen ties with Beijing: the President has not travelled to China, and has not received any visits from any high-level Chinese officials.
Diplomatic relations, however, will remain unchanged. Costa Rica is valuable to the Chinese, and despite any logistical difficulties, trade will continue to grow. Infrastructure and technology projects may cause concern in the United States, so Costa Rica will have to work toward finding a balance.
Bukele Pivots to Beijing
In El Salvador, on the other hand, the turn toward China has been significant. In the face of criticism from Washington for his authoritarian maneuvers (ousting several constitutional judges as well as the Attorney General), and with the publication by the U.S. State Department of a list of corrupt Central American officials, which included members of Bukele’s government, the President has moved to strengthen ties with China, and during the new U.S. administration’s first visit to the country, he refused to meet with President Biden’s special envoy. Bukele has also engaged in vaccine diplomacy with the Asian power, thanking President Xi Jinping for helping El Salvador acquire 500,000 doses of Covid-19 vaccines from Chinese drugmaker Sinovac Biotech.
Critics of Bukele have denounced Chinese “interference,” prompting the Chinese Embassy to assert that their aid is not tied to geopolitical interests, and that they have never used foreign assistance to interfere with the internal affairs of another country.
The day after the U.S. government published the list of corrupt Central American officials, the Bukelista majority in the Salvadoran Legislative Assembly rushed through the ratification of a 2019 cooperation agreement with China. According to an announcement delivered by Bukele himself, the agreement will deliver $500 million in Chinese financing for mega-projects, including a national stadium, a national library, a water treatment plant in Lake Ilopango, tourism infrastructure, the restoration of an archaeological site, and the renovation and expansion of the port of La Libertad.
Salvadoran exports jumped to $85.5 million following the establishment of diplomatic ties with China in 2018, but in 2019 that figure dropped to $51.9 million; that same year, Chinese imports to El Salvador rose to $1.723 billion.
Additionally, as in Panama and Costa Rica, El Salvador has welcomed the Confucius Institute, which operates out of the national university in San Salvador.
China continues to increase its presence in Central America, as warnings from the United States intensify. The situation in the isthmus will continue to be one of competition rather than confrontation, but the United States will also continue with its nineteenth century Monroe Doctrine approach to the region, pushing back against extra-continental insertions into its zone of influence.
Lawyer, political scientist and professor at the Univ. of Costa Rica. Higher Degree in Political Studies, Univ. of Bordeaux I. PhD in Political Sociology, Univ. of Paris.
® LATINOAMÉRICA21.COM – 2022
Despite U.S. Pressure, China’s Presence in Central America is Growing
El establecimiento de las relaciones diplomáticas de Costa Rica con China, en 2007, marcó un hito en la relación de la potencia asiática con la región. Sin embargo, el acontecimiento no provocó reacciones airadas por parte de los Estados Unido.
December 13, 2021
The installation of a space communications base of the People’s Republic of China in Neuquén, Argentina, in 2017 operated by military personnel , is a sign that the Asian power will cautiously build military facilities on foreign soil when strategic needs require it.
The Chinese military component in support of economic expansion led by Chinese state-owned companies has proceeded cautiously for a long time. But some experts have anticipated the imminent establishment of a base by the Popular Liberation Army (EPL) in Panama , since the Chinese company Hutchison Whampoa won concessions to operate two ports there in 1999 , or in El Salvador , since the announcement of Chinese plans for a megaproject in La Union .
Due to China’s reliance on established powers like the United States and the European Union for access to markets and technology, the Asian country has generally avoided establishing alliances and formal military bases, particularly in regions of the world such as the Western Hemisphere. and in areas where the United States is sensitive to the Chinese presence and where the PLA does not yet have the capacity to effectively defend such bases.
However, in its 2015 and 2019 White Papers on defense strategy, the Chinese military explicitly recognizes the importance of global military engagement in support of China’s growing commercial presence in the world. The counter-piracy operations of the PLA Navy off the coast of Africa since 2009 , and the establishment in 2017 of a military base in Djibouti , strategically located in the vicinity of the Suez Canal, are an example of the tendency of the Chinese army to expand its armed forces abroad.
The Chinese strategic advance in Argentina
In addition to the space communications base in Neuquén, China currently has an interest in building and possibly operating an Antarctic “logistics base” in Ushuaia , in the far south of Argentina. This raises concern because it is very consistent with the logic and pattern of the PLA’s advance in expanding its global strategic reach. The project would cost 300 million dollars and could in principle be financed by China . Although as the then head of the United States Southern Command, Admiral Craig Faller pointed out when visiting the area , the question is who operates it .
In commercial terms, the Chinese deep-sea fishing fleet maintains a regular presence in the nearby waters of the South Atlantic, and sometimes within Argentina’s Exclusive Economic Zone. Regarding oil and minerals, although China has technically been a signatory since 1983 of the 1959 Antarctic Treaty that prohibits territorial claims on the continent, and as a consequence, its commercial exploitation, the treaty becomes modifiable in 2048 . In fact, in October 2021, at the G20 meeting in Rome, the Foreign Ministers of Argentina and China signed a cooperation agreement for the exploitation of the Antarctic region and the surrounding oceans .
In military terms, the People’s Republic of China has shown a growing interest in Antarctica. It has maintained a presence there since 1984 and currently has four research bases, including one in the area corresponding to Argentina’s historical claim .
In 2013, a Chinese naval task force that included two Navy missile frigates traveled to the region and conducted military exercises with their counterparts from Chile, before passing through the difficult waters of the Strait of Magellan , and then making port calls. both in Argentina and Brazil. The PLA Navy’s Xue Long II icebreaker made its first voyage to Antarctica in November 2019 and is also in talks with Chile to access Punta Arenas to support the resupply of its Antarctic bases from there.
The construction and operation of a polar logistics base in Ushuaia fits the pattern of the Chinese Navy to expand its global presence in multiple ways. First, such a base would support China’s access to an area of interest. As with China’s base in Djibouti, establishing an ostensibly commercial facility in the far south of Argentina would give the PLA plausible deniability of its military intentions. The impact on the United States would also be limited by its distance from this country, and would have the advantage of being carried out in an area where China already has a significant commercial and strategic presence .
What are the implications of the Chinese military presence in Latin America?
For now, the Argentine government has tried to give assurances that it is not moving forward with setting up a Chinese-controlled base in Ushuaia, but the strategic implications of such a presence should not be taken lightly. From a strategic point of view, the prospect of China controlling transit from the Atlantic to the Pacific through the Strait of Magellan or Drake Passage in times of conflict would be important, particularly if the power could close the Panama Canal in the context of a war like the one potentially unleashed by his attempt to forcibly incorporate Taiwan.
For the British, China’s presence would add to the threat posed by Argentina to the Falkland/Malvinas Islands, heightened by Argentina’s scheduled acquisition of Chinese FC-1 fighter jets .
The apparent pause in the incorporation of China to the planned base in Ushuaia does not represent the end of the threat as long as the PLA’s naval power projection capabilities continue to grow and as long as the Argentine government continues to strengthen its ties with China in commercial, financial and commercial terms. politicians. The area known as the “end of the world” may be geographically far from Washington, but the impact on the United States and the region of the decisions made there regarding China is not minor.
* Column initially published on the REDCAEM website .
Professor and researcher on Latin America at the US Army War College Strategic Studies Institute. Member of the China and Latin America Network: Multidisciplinary Approaches (REDCAEM).
https://latinoamerica21.com/es/la-presencia-militar-china-en-latinoamerica/
