2002 debt national

The national debt. Updated every day.

2015.01.01 16:43 The national debt. Updated every day.

National debt.
[link]


2013.03.29 13:10 Imeages Magna Farta; the dictionary of bad language

What is a lizards lick? Where would you find a breather ring? Why would anybody want a Cleveland steamer? Find out here!
[link]


2016.01.16 09:53 openflow Explain something using a given/bad analogy

Explain something using a given/bad analogy is a place for people to ask questions and optionally provide an analogy for their answer. "Explain the national debt using prostitution as an analogy"
[link]


2024.05.18 22:30 malcolio DRAFT - NTW in Alphabetical Order. Chapter 1: Alsace-Lorraine

DRAFT - NTW in Alphabetical Order. Chapter 1: Alsace-Lorraine

Europe in Early January, 1805. How the continent looks at the start of a Napoleon: Total War game.
Seven years ago I started posting a writeup of playing a game of Empire: Total War with the challenge of conquering every region in alphabetical order. This was inspired by someone trying to play Crusader Kings in alphabetical order back in 2006. After 75 chapters, with about 2,600 images and just a silly amount of text, I completed the game and swore off touching another Total War game for some time!
I’m now back, to try and achieve the same goal of conquering every region in alphabetical order but in Napoleon: Total War. I’ve never finished a game of N:TW before, so it will fun to see what this more focused and refined(?) version of E:TW will be like to play. As with my last playthrough, I’m using DarthMod and playing on Normal/Normal difficulty. I have no idea if those settings will make this challenge too easy or impossible, let’s find out!
Napoleon Bonaparte’s stats and the 11 regions I have to sell off before I can start this challenge.
There is a vast quantity of books studying the life of Napoleon Bonaparte, but what none of them will tell you is that he had a passion for the alphabet just like King Louis XIV. So obviously he was forced to sell off every region of the French Empire so that he could conquer the entirety of Europe in alphabetical order.
Unfortunately if I lose France I automatically lose the entire game, so I’ll need to unofficially keep hold of that, but otherwise I first need to trade away Alsace-Lorraine, Aquitaine, Bretagne, Corsica, Hannover, Normandie, Pays d'Oc, Picardie-Champagne, Piedmont-Liguria, Provence, and the Southern Netherlands. At the moment the French Empire’s prosperity is spectacular, its prestige sublime, but that’s going to take a bit of a hit…
The French military units in those region capitals will soon need to vacate, most are just militia and basic cavalry, but Strasbourg has a decent sized force led by Napoleon’s brother-in-law Joachim Murat.
The French Imperial Army, scattered across Alsace-Lorraine, Northern Italy, and Hannover
The rest of the Imperial Army is along the empire’s eastern border. Napoleon himself commands the largest army to the west of Strasbourg, close to two smaller forces led by Marshals Michel Ney and Louis-Nicolas Davout. Over in Northern Italy a detachment led by Marshal Jean-André Masséna guards the border with Austria, and in isolated Hannover a similar-sized group guards the city with Marshal Jean-Baptiste Bernadotte as its commander.
The two French fleets, one off Portugal and the other near Genoa, and the flagship Scipion.
The French Navy has just two fleets. The Atlantic Squadron is currently stationed near Portugal, Admiral Pierre-Charles Villeneuve commands the immense 122-gun Scipion, two 3rd rates, two 4th rates, and frigate. The Mediterranean Squadron is near French-controlled Genoa, led by Vice-Admiral Victor Durand it consists of just two frigates and a corvette.
Soon the French Empire won’t have any ports that need defending or to repair ships at, and my income is about to nosedive, so I think it’s time to do something reckless…
An outnumbered French fleet is defeated by Britain’s finest, but not without scoring a massive blow against the Royal Navy.
Admiral Villeneuve is told to take his fleet north and engage whatever enemy vessels he can find, to sink as many ships as possible even if it risks wiping out his own. It doesn’t take long: in the Bay of Biscay the Atlantic Squadron bumps into none other than Vice-Admiral Nelson and a huge British fleet. The two commanders had previously fought at the Battle of the Nile as Rear-Admirals, and in reality weren’t due to meet for another 10 months at the Battle of Trafalgar. The British fleet greatly dwarfs the French, with Nelson commanding his own 122-gun Heavy 1st rate, a 1st rate, two 2nd rates, and three 3rd rates!
I auto-resolve the battle, resulting in an expected defeat. Villeneuve survives on board a battered Scipion, with only a 4th rate for company, but somehow his squadron managed to sink every British vessel except for Nelson’s Rose! The Royal Navy has suffered a pyrrhic victory, my navy upkeep costs have gone down by more than 1,000 gold, and what remains of the Atlantic Squadron flees south to join up with the Mediterranean Squadron next turn.
Parts of the French Empire are sold off, ready for them to be retaken in alphabetical order with the rest of Europe.
With those naval manoeuvres finished I start haggling with other nations to remove eleven French regions that are stopping me from starting my alphabetical challenge. I sell each region to a different ruler, to get as much cash from the sale and to stop any one nation becoming too powerful. I try to give territory that is towards the end of the alphabet to my allies, and those towards the start to my enemies, to prevent having to backstab my friends until I’m already forced to destroy them anyway.
While cash is important I also barter for as many technologies as I can: one technology can take 7 turns to research, gaining them now will pay dividends in growing my economy and strengthening my armed forces.
The main achievement of these region swaps, apart from losing all my income and making me only one region away from defeat, is completely changing the United Kingdom’s foreign policy: by letting George III have both a personal and political union with Hannover I convince the British Empire to abandon all of its allies, and instead join the side of its centuries-old nemesis. That recent battle in Biscay didn’t seem to matter! Along with becoming friends with Prussia I now feel less worried that Paris might be immediately marched on, though it’s hard to tell how long these new alliances will last.
The first unedited screenshot of the game. France is exempt from taxes, to help pretend it doesn’t exist, which doesn’t help the Empire’s negative income.
After all those region swaps I now only control France, as mentioned before I can’t remove this territory without automatically losing the game. So to try not to benefit from being forced to keep France I’ve set myself the rule that I cannot build anything there, cannot research there, cannot recruit any troops from Paris, and the region is exempt from taxes. I keep a company of Grenadiers à Cheval and two artillery batteries to defend the capital, together they cost 546 gold a turn in upkeep so Paris is losing me money!
Right, the game is now set up to start my challenge of conquering Europe in alphabetical order (sort of, ignore France). Which region do I need to capture first?
Alsace-Lorraine. Only just traded to the Austrian Empire, it is surrounded by French armies including one teleported from Hannover.
This is Alsace-Lorraine. Two images ago it became Austrian, in exchange for 5,530 gold and two technologies that would have taken me 14 turns to research. Unfortunately for Austria the region is surrounded by the bulk of the French Imperial Army, so the question isn’t how will I immediately conquer Alsace-Lorraine but can I do so without losing a single soldier?
The full might of the Imperial Army is amassed against Strasbourg, defended by a small number of Austrian infantrymen and some armed civilians.
Marshals Ney, Murat, and Bernadotte link up to immediately attack Strasbourg together. The full stack of units is supported by further armies commanded by Napoleon and Marshal Davot. Protecting the city is just five companies of Austrian line infantry, supported by hastily-armed citizens.
Alsace-Lorraine is captured, denting the expected deficit and allowing resources to be spent on improving the French military and economy.
It would be insanity to resist such an attack so the small Austrian infantry detachment wisely surrenders without a fight. Unfortunately, yet again, there is no battle to see here!
I choose to peacefully occupy Strasbourg and immediately start the construction of basic roads, a cannon factory, a musket manufactory, and an iron mine, plus a cantonment to replace the local tax office. Until that’s all built I can’t actually recruit any more soldiers, cavalry, or artillery (as I’m ignoring France existing). So avoiding a battle is boring but the troops I have are priceless!
The people of Alsace-Lorraine are unhappy under French rule, despite being Austrian for less time than it takes to read this sentence. Luckily I need to keep a large garrison here anyway to protect against my enemies to the east, and I also lower taxes a little to keep the region’s population and wealth growing, so the newly conquered population should be content for now.
OK, so far this challenge seems ridiculously easy, I captured my first region immediately without a single casualty. What’s next?
Aquitaine. Until very recently French, traded away to the Russian Empire.
This is Aquitaine. Like Alsace-Lorraine it was part of the French Empire but quickly traded away, this time to Russia, and like Strasbourg an enemy force has magically popped into existence to guard the region’s capital.
Unlike last time though there are no doom stacks waiting, ready to steamroll the city. What I do have is a random collection of units which originally guarded Bordeaux, Rennes, and Toulouse. A force of two companies of Chasseurs à Cheval (light cavalry) and two cohorts of the local National Guard is led by Captain Alexandre de Rosée, who waits for a company of Chevau-légers Lanciers (lancer cavalry) and another cohort of militia to reinforce him from Bretagne. Combined, this ragtag group of misfits should be enough to win against six battalions of Russian infantry squatting in Bordeaux. So attacking the city will need to wait until next turn, but before we move to Late January 1805 I have a few chores to do…
The French Empire is leaps and bounds ahead of every other nation in research, but this has ground to a halt until a college can be acquired.
One task is to think about researching new technologies. Most nations begin with all technologies locked, some are lucky to have already researched one or two when the game starts. France is luckiest of all with three technologies already researched: Army Corps Organisation, Conscription, and Division of Labour). Thanks to those earlier region trades the French now also understand Classical Economics), Fire and Advance), Improved Coppering), National Debt), and Public Schooling.
Those technologies provide various small economic and military bonuses which will take any other nation at least 50 turns to research, so I’m at a significant advantage on turn 1. However with my self-imposed rule of ignoring the existence of France I cannot use Orléans to start researching any new technologies, instead I send my two gentlemen east towards the first region which will provide a college I can use. It will take more than 10 turns for François-René de Chateaubriand and Jean Rapp to reach their destination, in the meantime my enemies will have unlocked a new technology each, and I have to hope the college they’re travelling to will be controlled by the French Empire by the time they arrive! Charles-Louis Schulmeister, French spy extraordinaire, joins them on the journey.
The French Council of State sees the appointment of a Keeper of the Seals, and new trade deals dent an expected deficit.
One other job to do before ending the first turn is to review who is running things. My starting ministers all have decent stats except for 3 star Keeper of the Seals Claude Ambroise Régnier. I replace him with a string of candidates until one, Oliver Molyneux, arrives with the Stallholder trait which give him a total of 4 management stars. That one extra star means the cost of repressing unrest in my regions is 3% cheaper, and that repression now has a +1 bonus. Small benefits like that could make or break my game in the long run!
Selling off all my regions severed all my trade routes. I re-establish all of them except the one with Spain, as I no longer have a sea or land connection with the Iberia Peninsula. Instead I create a trade agreement with the Electorate of Hesse-Kassel, worth 300 less gold than the Spanish agreement. Overall my trade income has dropped by 1,100 gold since I started this game, but at least I’m now only going to lose 2,880 in gold per turn!


That's the draft of this first chapter for now, this will be taken down when I start posting chapters on the Total War subreddit.
submitted by malcolio to u/malcolio [link] [comments]


2024.05.18 22:29 Tesa_Tesanovic1988 Unlocking FDI potential in growth markets with RWA tokenization

Unlocking FDI potential in growth markets with RWA tokenization
Foreign direct investment (FDI) is a driving force behind economic growth. Four experts in the field – Henrik von Scheel, Paul Lalovich, Emilija Vukovic, and Tesha Teshanovich – outline how the innovative concepts of FDI-as-a-service and real world asset (RWA) tokenization can help growth markets beef up their FDI attractiveness.
The primary objective of FDI is to secure capital for investment. When conducive conditions are in place, FDI has the potential to foster job creation and sustainable development by enhancing an economy's productive capacity.
Still, regulatory hurdles, political instability, currency fluctuations, economic uncertainties, infrastructure limitations, cultural differences, and legal issues often hinder this goal.
https://preview.redd.it/a4vajp7uv81d1.jpg?width=900&format=pjpg&auto=webp&s=cb84d502fc0753f00532cff2fdbbac0fbe57ecb4
Overcoming the obstacles of FDI requires innovative solutions that address the needs of investors, companies, and regulators. By engaging with local suppliers and forming partnerships with domestic businesses, foreign-owned companies can create additional benefits for the host economy, such as productivity spillovers through various channels.
According to FDI Markets, companies worldwide announced over $1.33 trillion worth of greenfield foreign direct investment in 2023, marking an increase of nearly 4% from the previous year.

The growth markets opportunity

We consider growth markets among the most undervalued asset classes worldwide, characterized by strong and improving earnings growth and financial metrics such as return on equity, free cash flow yield, and dividend yield. These markets benefit from an economic growth advantage over developed ones, with growth rates in emerging economies outpacing those in developed markets.
This growth trend is not solely reliant on China; other factors contribute, resulting in an upward trajectory for economic growth in growth markets while growth in developed markets decelerates. Globally, growth economies have typically rebounded from the global financial crisis faster than more advanced economies. Consequently, it's unsurprising that companies in developed nations are increasingly seeking avenues to expand their presence abroad.
This quest for new growth opportunities has brought attention to foreign direct investment policies worldwide, offering a promising outlook for investors.
According to the research conducted by Kearney, findings indicate a strong sense of investor optimism, with the potential for further growth over the next three years. A high percentage of respondents stated their intentions to boost their foreign direct investment in the coming years, and most expressed the view that FDI would play a more critical role in enhancing their corporate profitability and competitiveness over the next three years.
The realization of FDI advantages also hinges on the purpose behind the investment. Without responsible business practices and thorough research, FDI may lead to unintended consequences for the recipient nation. The presence of foreign multinational corporations can occasionally spark concerns regarding their potential social and environmental implications, particularly concerning the erosion of labor standards and their involvement in the unsustainable exploitation of natural resources.

Bringing FDI in

Challenges facing foreign direct investment include navigating complex regulatory frameworks, cultural differences, and political instability in some regions.
Developing countries encounter significant hurdles in attracting foreign direct investment, hindering their ability to fully capitalize on the associated benefits. In the past, developing countries have struggled to attract consistent foreign direct investment that could serve as a steady catalyst for economic growth, especially in sectors beyond oil and gas.
Additionally, foreign investors have shown restrained interest due to concerns regarding regulatory and political risks and shortcomings in economic fundamentals such as infrastructure and human capital. Investors in developed nations, where most private capital is concentrated, might lack familiarity with growth markets and developing economies. Consequently, the perceived risks associated with conducting business beyond their accustomed environment could lead to higher risk premiums.
This, in turn, has the potential to render projects non-bankable or non-viable for investors. However, developing nations should remain focused on enhancing the enabling environment. By doing so, they can attract greater private investment and ensure that these investments yield optimal outcomes and returns.
This, in turn, fosters a cycle of increased investment. To stimulate increased FDI in developing countries, mechanisms for de-risking are essential. De-risking involves reallocating, sharing, or mitigating the existing or potential risks linked to the investment.
In contrast, financial de-risking utilizes financial strategies to mitigate or diminish the risks linked with projects. This often entails public entities like donor governments, multilateral development banks, development financial institutions, and climate funds incentivizing private investors to invest capital by agreeing to assume a portion of the risk. De-risking can encompass various tactics, including debt, equity, and guarantees, distributing the risk among involved parties, or transferring it to a third party.

The operational framework

FDI has been increasingly utilized as a significant service for economic development, underscoring its crucial role in driving global economic growth and prosperity.
A critical aspect of this entails reimagining the operational framework – essentially redesigning the approach through which the country attracts foreign direct investment. In numerous transformations, countries may need to reconsider their fundamental approach to FDI attraction and reassess their value proposition: identifying the appropriate target investor segments to engage with, the incentives and services to provide, and the model that can optimize FDI inflows and economic benefits.
Moreover, FDI can act as a channel for the transfer of technology and aid in expediting digital transformation. It can enhance economic integration by bolstering access to global markets. Additionally, FDI plays a crucial role in supporting economies during and after economic downturns.
FDI as a service aims to outline the structure of tasks, responsibilities, and relationships between stakeholders, allowing for clear delineation of connections between its constituent investors and host countries. Providing foreign direct investment as a comprehensive, end-to-end service enhances the potential value realized in growth markets.
When executed effectively, this service facilitates seamless processes throughout the investment cycle, establishes methods for minimizing inefficiencies and maximizing effectiveness, sets standards for processes, integrates feedback mechanisms to encourage continual improvement, and optimizes handling of exceptions.
Although the potential for FDI spill-overs is widely recognized, it's important not to assume their positive impacts. The realization of FDI benefits in the host economy relies on various factors, including the competitiveness of local producers, the strategic decisions of foreign-owned firms, and the technological disparities between domestic and foreign-owned firms, thereby affecting the absorptive capacity of local producers.

FDI-as-a-service

This is where FDI-as-a-service comes in. This strategic approach involves top-down planning to optimize the outcomes of the investment portfolio by efficiently developing and delivering projects, with the aim to de-risk projects, scale investments, and optimize the overall outcome.
Providing FDI as a service through end-to-end solutions significantly leverages tokenization to transform and democratize foreign direct investment in growth markets.
Tokenization enables the fractional ownership of real-world assets, providing increased liquidity and democratizing access to sustainable investments for a wider range of investors. This process enhances asset management by enabling the automation and standardization of key operations through smart contracts.
Crucial steps such as compliance verifications, investor credential checks, and dividend distributions are automated, drastically reducing the burdens of manual documentation and inconsistent records. Blockchain technology facilitates rapid settlement, reducing risks associated with counterparty transactions. Its transparency and traceability ensure that each transaction is logged, simplifying audits and enhancing accountability, which in turn helps prevent fraud and strengthens transactional integrity.
The efficiencies gained through tokenization make the markets more accessible, lowering minimum investment sizes, diminishing geographical barriers, and allowing a wider range of participants. This increases both market volume and liquidity. Tokenization also supports nearly instantaneous settlements, further enhancing liquidity and benefiting both investors and traders.
By converting tangible and intangible assets into digital tokens, tokenization revolutionizes access to investments. It allows for fractional ownership, enabling the division of high-value assets into smaller, more affordable units. This transformation opens up investment opportunities to a broader, more diverse audience, democratizing access and reducing entry barriers, making it an ideal strategy for attracting FDI into emerging markets.

Tokenization on the blockchain

Tokenization of real-world assets, as part of FDI-as-a-service, involves converting tangible and intangible assets into digital tokens on a blockchain. These assets can include traditional ones like real estate, agricultural products, mining commodities, financial assets like equities and bonds, or even intellectual properties such as digital art.
This process may involve assets that are simultaneously represented in traditional record systems (off-chain), or those exclusively managed on the blockchain (on-chain). The tokenization process generally unfolds in four essential steps, each critical to ensuring the asset's successful digital representation and integration into growth markets through FDI services.
Tokenization of real-world assets as part of FDI-as-a-service boasts significant advantages, notably the democratization of access which potentially enhances liquidity through the fractionalization of assets, or the division of ownership into smaller, more manageable shares. This process can simplify previously labor-intensive manual procedures, reducing costs and making investment opportunities accessible to smaller investors within certain asset classes.
Nonetheless, regulatory constraints may limit access to these investments, often restricting tokenized assets to accredited investors. Although fractionalization enhances liquidity and is an attractive proposition, the distribution of tokenized assets must achieve a much larger scale to fully realize true democratization of access.
Furthermore, in the context of FDI as a service, the blockchain technology underlying the tokenization of real-world assets ensures complete transparency and immutability regarding ownership, transactions, and crucial market data, all verifiable by any participant.
We are confident in the future of tokenized assets. One estimate suggests the market could even grow 30-fold by 2030, when it may reach a value of over $28 trillion.Foreign direct investment (FDI) is a driving force behind economic growth. Four experts in the field – Henrik von Scheel, Paul Lalovich, Emilija Vukovic, and Tesha Teshanovich – outline how the innovative concepts of FDI-as-a-service and real world asset (RWA) tokenization can help growth markets beef up their FDI attractiveness. The primary objective of FDI is to secure capital for investment. When conducive conditions are in place, FDI has the potential to foster job creation and sustainable development by enhancing an economy's productive capacity. Still, regulatory hurdles, political instability, currency fluctuations, economic uncertainties, infrastructure limitations, cultural differences, and legal issues often hinder this goal.
Overcoming the obstacles of FDI requires innovative solutions that address the needs of investors, companies, and regulators. By engaging with local suppliers and forming partnerships with domestic businesses, foreign-owned companies can create additional benefits for the host economy, such as productivity spillovers through various channels. According to FDI Markets, companies worldwide announced over $1.33 trillion worth of greenfield foreign direct investment in 2023, marking an increase of nearly 4% from the previous year. The growth markets opportunity We consider growth markets among the most undervalued asset classes worldwide, characterized by strong and improving earnings growth and financial metrics such as return on equity, free cash flow yield, and dividend yield. These markets benefit from an economic growth advantage over developed ones, with growth rates in emerging economies outpacing those in developed markets. This growth trend is not solely reliant on China; other factors contribute, resulting in an upward trajectory for economic growth in growth markets while growth in developed markets decelerates. Globally, growth economies have typically rebounded from the global financial crisis faster than more advanced economies. Consequently, it's unsurprising that companies in developed nations are increasingly seeking avenues to expand their presence abroad. This quest for new growth opportunities has brought attention to foreign direct investment policies worldwide, offering a promising outlook for investors. According to the research conducted by Kearney, findings indicate a strong sense of investor optimism, with the potential for further growth over the next three years. A high percentage of respondents stated their intentions to boost their foreign direct investment in the coming years, and most expressed the view that FDI would play a more critical role in enhancing their corporate profitability and competitiveness over the next three years. The realization of FDI advantages also hinges on the purpose behind the investment. Without responsible business practices and thorough research, FDI may lead to unintended consequences for the recipient nation. The presence of foreign multinational corporations can occasionally spark concerns regarding their potential social and environmental implications, particularly concerning the erosion of labor standards and their involvement in the unsustainable exploitation of natural resources. Bringing FDI in Challenges facing foreign direct investment include navigating complex regulatory frameworks, cultural differences, and political instability in some regions. Developing countries encounter significant hurdles in attracting foreign direct investment, hindering their ability to fully capitalize on the associated benefits. In the past, developing countries have struggled to attract consistent foreign direct investment that could serve as a steady catalyst for economic growth, especially in sectors beyond oil and gas. Additionally, foreign investors have shown restrained interest due to concerns regarding regulatory and political risks and shortcomings in economic fundamentals such as infrastructure and human capital. Investors in developed nations, where most private capital is concentrated, might lack familiarity with growth markets and developing economies. Consequently, the perceived risks associated with conducting business beyond their accustomed environment could lead to higher risk premiums. This, in turn, has the potential to render projects non-bankable or non-viable for investors. However, developing nations should remain focused on enhancing the enabling environment. By doing so, they can attract greater private investment and ensure that these investments yield optimal outcomes and returns. This, in turn, fosters a cycle of increased investment. To stimulate increased FDI in developing countries, mechanisms for de-risking are essential. De-risking involves reallocating, sharing, or mitigating the existing or potential risks linked to the investment. In contrast, financial de-risking utilizes financial strategies to mitigate or diminish the risks linked with projects. This often entails public entities like donor governments, multilateral development banks, development financial institutions, and climate funds incentivizing private investors to invest capital by agreeing to assume a portion of the risk. De-risking can encompass various tactics, including debt, equity, and guarantees, distributing the risk among involved parties, or transferring it to a third party. The operational framework FDI has been increasingly utilized as a significant service for economic development, underscoring its crucial role in driving global economic growth and prosperity. A critical aspect of this entails reimagining the operational framework – essentially redesigning the approach through which the country attracts foreign direct investment. In numerous transformations, countries may need to reconsider their fundamental approach to FDI attraction and reassess their value proposition: identifying the appropriate target investor segments to engage with, the incentives and services to provide, and the model that can optimize FDI inflows and economic benefits. Moreover, FDI can act as a channel for the transfer of technology and aid in expediting digital transformation. It can enhance economic integration by bolstering access to global markets. Additionally, FDI plays a crucial role in supporting economies during and after economic downturns. FDI as a service aims to outline the structure of tasks, responsibilities, and relationships between stakeholders, allowing for clear delineation of connections between its constituent investors and host countries. Providing foreign direct investment as a comprehensive, end-to-end service enhances the potential value realized in growth markets. When executed effectively, this service facilitates seamless processes throughout the investment cycle, establishes methods for minimizing inefficiencies and maximizing effectiveness, sets standards for processes, integrates feedback mechanisms to encourage continual improvement, and optimizes handling of exceptions. Although the potential for FDI spill-overs is widely recognized, it's important not to assume their positive impacts. The realization of FDI benefits in the host economy relies on various factors, including the competitiveness of local producers, the strategic decisions of foreign-owned firms, and the technological disparities between domestic and foreign-owned firms, thereby affecting the absorptive capacity of local producers. FDI-as-a-service This is where FDI-as-a-service comes in. This strategic approach involves top-down planning to optimize the outcomes of the investment portfolio by efficiently developing and delivering projects, with the aim to de-risk projects, scale investments, and optimize the overall outcome. Providing FDI as a service through end-to-end solutions significantly leverages tokenization to transform and democratize foreign direct investment in growth markets. Tokenization enables the fractional ownership of real-world assets, providing increased liquidity and democratizing access to sustainable investments for a wider range of investors. This process enhances asset management by enabling the automation and standardization of key operations through smart contracts.
Crucial steps such as compliance verifications, investor credential checks, and dividend distributions are automated, drastically reducing the burdens of manual documentation and inconsistent records. Blockchain technology facilitates rapid settlement, reducing risks associated with counterparty transactions. Its transparency and traceability ensure that each transaction is logged, simplifying audits and enhancing accountability, which in turn helps prevent fraud and strengthens transactional integrity. The efficiencies gained through tokenization make the markets more accessible, lowering minimum investment sizes, diminishing geographical barriers, and allowing a wider range of participants. This increases both market volume and liquidity. Tokenization also supports nearly instantaneous settlements, further enhancing liquidity and benefiting both investors and traders. By converting tangible and intangible assets into digital tokens, tokenization revolutionizes access to investments. It allows for fractional ownership, enabling the division of high-value assets into smaller, more affordable units. This transformation opens up investment opportunities to a broader, more diverse audience, democratizing access and reducing entry barriers, making it an ideal strategy for attracting FDI into emerging markets. Tokenization on the blockchain Tokenization of real-world assets, as part of FDI-as-a-service, involves converting tangible and intangible assets into digital tokens on a blockchain. These assets can include traditional ones like real estate, agricultural products, mining commodities, financial assets like equities and bonds, or even intellectual properties such as digital art. This process may involve assets that are simultaneously represented in traditional record systems (off-chain), or those exclusively managed on the blockchain (on-chain). The tokenization process generally unfolds in four essential steps, each critical to ensuring the asset's successful digital representation and integration into growth markets through FDI services. Tokenization of real-world assets as part of FDI-as-a-service boasts significant advantages, notably the democratization of access which potentially enhances liquidity through the fractionalization of assets, or the division of ownership into smaller, more manageable shares. This process can simplify previously labor-intensive manual procedures, reducing costs and making investment opportunities accessible to smaller investors within certain asset classes. Nonetheless, regulatory constraints may limit access to these investments, often restricting tokenized assets to accredited investors. Although fractionalization enhances liquidity and is an attractive proposition, the distribution of tokenized assets must achieve a much larger scale to fully realize true democratization of access. Furthermore, in the context of FDI as a service, the blockchain technology underlying the tokenization of real-world assets ensures complete transparency and immutability regarding ownership, transactions, and crucial market data, all verifiable by any participant. We are confident in the future of tokenized assets. One estimate suggests the market could even grow 30-fold by 2030, when it may reach a value of over $28 trillion.
submitted by Tesa_Tesanovic1988 to Tokenization [link] [comments]


2024.05.18 21:34 Michtrk 1946-1952 The Rest of the World

JAPAN
12 April 1946 – surrender of Japan, brief premiership of Naruhiko Higashikuni (14 April to 9 June 1946), followed by Kijūrō Shidehara. Occupation mostly carried by US troops, but also Commonwealth zone (UK, Australia, Canada and New Zealand), led by Douglas MacArthur as the SCAP (Supreme Commander for the Allied Powers)
Situation is even way worse than in our reality thanks to all the destruction. First effort is gíve relief to the starving population. Even greater than in our reality are efforts to remove Hirohito (and it is impossible to imagine for the most of Allied leaders including Truman and Churchill to keep him on the throne after this brutal invasion), and despite opposition of MacArthur, Allies force the emperor to abdicate (and renounce divine status) in favour of regency headed by Takahito, (27 July 1946), when Akihito comes to age, he would become the Emperor. Hirohito’s abdication marks the beginning of Seika era, era of Emperor Akihito.
Hirohito is still given all possible protections against any trials for war crimes by MacArthur and is basically sent to comfortable retirement. Institution of monarchy is protected by Allies. Through 1946-1947 many westernisation reforms by MacArthur, based largely on FDR’s New Deal, as in our reality. April-May, political prisoners were released, and Communist Party of Japan was legalised and became politically active organising strikes. 10 February 1947 the first election with women suffrage, victory of Democratic Liberal Party headed by war criminal Hatoyama, who was eventually purged by Allied administration, so Shigeru Yoshida became new prime minister (22 March 1947).
By mid-1947 many officials connected to war crimes were purged, however since then, the course was reversed due to American need for the creation of a powerful Ally against the USSR and many regained power or at least avoided persecution. Through 1947 Americans wrote a new Japanese constitution (later in American myths it was MacArthur completely by himself), 3 August 1947 it was presented. Major shift from our reality is that Article 9, although considered, is not included in such sense as in our reality, it states only that “Aspiring sincerely to an international peace based on justice and order, the Japanese people forever renounce war as a sovereign right of the nation and the threat or use of force as means of settling international disputes” second part about demilitarisation is missing. Since summer 1947, US authorities adopt “Reverse Course” policies - aforementioned rehabilitation of officials, also protection of Zaibatsu (which Americans originally wanted to break-up and weaken), and reconstruction. Tokyo Trials 26 September 1946 to 12 January 1950 – MacArthur’s cover up of Japanese war crimes to a lesser extent, but it still does happen (including Unit 731). Taft also, like in Germany, attacks trials as “victor's justice”. From 25 December to 31 1950 Khabarovsk war crimes trials in the USSR about war criminals from Manchuria.
Persecution of growing Japanese communist movement starts. 1948-1951 “Red Purge”. Since March 1949 Dodge Line plan of right-wing economic reforms (cutting public spending, limiting public consumption, and reorienting industrial production in favour of export-oriented), also increase in unemployment and law against unions passed. In 1949 conflicts between communists and authorities escalated into many strikes, pro-communist politicians and officials began to be fired, after summer strike waves also purges of workers and academics. 1 July 1949 Japanese Self-Defence forces established – official remilitarisation. 23 October 1949 election, victory of DLP, electoral success of communists.
Peace Treaty with Japan
President Taft was eager to restore Japanese Independence – SCAP already transferred large amount of authority to Japanese trough 1949, secretary of the state William Richards Castle Jr took initiative. Despite Taft’s initial opposition to idea of continuous military presence, he is persuaded to keep limited number of stationed troops. Peace Treaty with Japan was scheduled after Treaty with Germany. Talks began in August 1950, however talks collapsed over China, despite at the time everyone recognised KMT, Soviets wanted PRC representatives to also attend. Other negotiations were called for January 1951, which resulted into calling for a Peace Conference with Japan in San Francisco analogous to the previous one with Germany. 6 March to 8 August 1951 San Francisco Conference, USSR and its allies boycotted them due to not including Chinese representatives. Despite Chinese and Soviets not being present, their interests were considered. Taiwan was ceded to China, Sakhalin, and Kuril Islands to USSR, unlike OTL Okinawa and more territories were already given back to Japan. Treaty was signed 8 August 1951, valid since 8 March 1952. Separate peace treaties were signed between Japan and ROC (30 January 1953), the Soviet Union and Korea “Vladivostok Treaties” 28 April 1952, these treaties recognised Soviet control over former Japanese territories and entitled Japan to pay reparations to Korea.
8 September 1951 U.S.-Japan Security Treaty was signed, which dictated Japan to accept continuous American military presence. This treaty caused a wave of resistance in Japan, uniting Japanese from right to left. Bloody May Day – over a million protestors in all of Japan, in Tokyo these protests escalated into violence and protests were massacred by police. 1 October 1952 election victory of Yoshida’s Liberal Party. 10 November 1952 coronation ceremony of Emperor Akihito, it marks symbolic beginning of new post-war Japan.
Philippines – 4 July 1947 United States gave official independence to Philippines and retained there many military bases (agreement from 1946 establishes bases for 99 years!) and the US still keeps a degree of political and economic dominance. 28 June 1946 Manuel Roxas became president of Philippines (still under US control then), communists were expelled from Congress despite being democratically elected – Hukbalahap Rebellion resumes (June 1946) and gained substantial strength, United States interferes and supports the government. On 15 April 1948 Roxas died of a heart attack; he was succeeded by vice-president Elpidio Quirino (re-elected in a fraudulent election 8 November 1949). Since the Taft Presidency, interests of Americans in Philippine affairs decreased, aid against Huks drained. President Quirino initiated major social reforms during his second term and attempted mostly useful land reform. 1950-1951 Huks successfully boosted their strength with seizing and keeping control over the centre of Laguna province – Santa Cruz. In 1952 Huks controlled sizable parts of the country and due to government corruption and brutality against rebels had also popular support. In 1951 they started to obtain massive support from China (from 1948 they were also backed by Korea).
Indonesia
Independence
As Japan surrendered, two days later on 14 April 1946 Indonesia (then with its majority under Japanese control) Indonesia declared independence, Sukarno became president and Hatta vice-president. Indonesians took advantage of the lack of established authority. Indonesia was occupied by Commonwealth forces (started in late May 1946). 27 June to 20 July 1946 a large battle between Indonesian and British forces – Battle of Surabaya, under significant losses results into a British victory. Churchill wanted to restore Dutch colonial rule and was ready to back them.
Important is Dutch reaction, Dutch government at the time was coalition between all parties formed after liberation by the Red Army in September 1945 (in wikibox there is 1946, another mistake overlook until I needed that), all parties with exception of CPN supported re-conquest of Indonesia, while communists wanted to grand them independence. CPN is vigorously opposed to continued colonisation and due to CPN securing second place in 1946 election and to lesser degree Soviet pressure on Dutch to recognise Indonesia, talks began in February 1947. Coincidentally with the December 1946 election there was a Malino Conference in which representatives of Dutch controlled territory backed the plan for creation of Dutch aligned federal states. 15 February 1947 Linggadjati Round Table Agreement is signed, in which Netherlands recognises Indonesian Republic controlled territory and both sides agree on formation of the Federal Republic of Indonesia (Republic, East Indonesia and Kalimantan) by 1 January 1948, FRI would newly formed Netherlands-Indonesian Union with the Dutch monarch as head. Similar agreement was reached in our reality but failed. In this timeline everything goes through, despite the fall of the Dutch coalition in summer 1947.
Federation
First Indonesian prime minister under Sutan Sjahrir (April to 3 December 1946), replaced by Amir Sjarifuddin, his cabinet included leftist forces, eventually even communists, who were instrumental in making agreement with the Netherlands (as part of the Dutch coalition were also communist negotiators). This cabinet stayed in power, avoiding real life events of the Madiun Affair. New government headed by Mohammad Hatta was formed after the creation of the federal republic. Creation of this republic was met with criticism from Islamists, who launched the Darul Islam rebellion led by Sekarmadji Maridjan Kartosoewirjo (7 August 1948). Overall, young Indonesia was a very unstable country. Anti-unitary forces attempted a failed coup in January 1950. Federation was not popular among Indonesians, so it was quickly dissolved and replaced with a unitary republic (14 April 1950). The Republic of South Maluku attempted to break away with Dutch support, however failed to do so.
Liberal Democratic Period (to 1952)
Newly declared Indonesian republic adopted its constitution and became a free parliamentary democracy. First government was a leftwing one again under Sjarifuddin, however eventually collapsed due to Indonesian National Party (12 October 1950, replaced by cabinet of Mohammad Natsir), but this government managed to pass electoral law, so first Indonesian legislative elections were held (29 September 1951), lot of parties ran and get seats – four largest were PNI (left wing nationalism), Masyumi (liberal Islamism), Nahdlatul Ulama (Islamism), PKI (communists) and PSI- Parsi (democratic socialism). Result was a right leaning coalition under Sidik Djojosukarto (PNI- Masyumi and several minor parties), in 1952 Indonesia officially left “Union” with Netherlands.
British Malaya
1 November 1946 British colonies were united into the “Malayan Union”, strengthening and centralising British control, stripping local sultans of their powers. This created another opposition movement under nationalist United Malays National Organisation, they applied massive resistance and did not participate in British institutions. Unlike OTL, during the Churchill years, there was no reform. In 1952 (1 February) it was transformed due to this massive and long resistance (and also due to large scale communist uprising) to Federation of Malaya, attempting to appease at least conservative nationalists.
Anti–British National Liberation War (early years)
Postwar economic turmoil, powerful communist organisation, brutal response of colonial authorities to strikers. Malaya was a key British source of resources, to pay for US debts (even way more rising in importance after Taft). 17 June 1948 Sungai Siput incident – revenge killing of plantation managers lead to massive British anti-communist arrests, and communists went into hiding. Also, the uprising in Burma (1947) also plays a role as another new motivation. February 1949 Malayan National Liberation Army under Chin Peng is formed (reformed from anti-Japanese resistance movement), MNLA has support of the population and is based in jungles and areas very hard to access for colonialists. Britain imposes very harsh repression against the population, leading to even more widespread support for MNLA. April 1950 “Briggs Plan” adopted forced deportations of ethnic Chinese to camps (up to half million people). The UK also uses Agent Orange (as the first country in the World), murders and tortures countless civilians, and destroys villages.
6 October 1951 British High Commissioner Henry Gurney survives MNLA ambush, this is actually damaging to the British as his replacement Gerald Templer was more competent in fighting with partisans. British forces are aided by other commonwealth nations. By 1953 the UK had problems dealing with communists and communists were stronger compared to our reality.
British Sarawak, North Borneo, Brunei
These territories were separated from Malaya in 1946. This was opposed by Malays but supported by the Chinese. Resistance by Malays culminated in assassination of Duncan Stewart. Small communist rebellion also started.
Thailand – After the war in June 1946 king Ananda Mahidol (Rama VIII) returned back to Thailand, however, was found shot dead on 26 March 1947 his death was blamed on prime minister Pridi Banomyong, who was forced to resign being replaced by Luang Thamrong.
In 1946 Thailand had to return territories to France. The 20 October 1946 election resulted in the victory of the People's Party, the first government was formed by Khuang Aphaiwong, he was however replaced by Pridi Banomyong after a lost vote of confidence (6 January 1947). Pridi was supportive of Vietnamese Independence, so he ended up being overthrown in a US backed coup (8 November 1947), this coup brough Plaek Pibulsonggram back to power. Military allied with royalists and Khuang Aphaiwong was appointed prime minister. New constitution gave back powers to Monarchythat were decreased in the 1932 revolution. To counter the power of royalist military and Pridi allied supporters, another coup was carried out on 6 April 1948, fully returning Plaek to power; he eventually secured power and foced Pridi into exile. Plaek attempted to fully secure power and destroy opposition, but due to lack of US support since 1949, he was eventually ousted by Pridi and his supporters (11 February 1949). New Direk Jayanama-led left-wing democratic government, managed to secure limited support of USSR and larger one of China (but also Britain due to their previous alliance with Allies) and tried to adopt non alignment foreign political stance. Internal political reforms – reduced power of monarchy, new legislature (in June 1950 democratic election), thanks popular policy of land reform government gained widespread support from the rural population. 29 November 1951 anti-Pridi parts of the military attempted a coup against him as returned from exile Plaek Phibunsongkhram, but eventually failed and Plaek was banished. In 1952 the government turned against conservative royalists and attempted to even further weaken the monarchy.
Vietnam
March Revolution 16 March to 15 April, Abdication of Emperor Bảo Đại (already before surrender of Japan because of fears of French invasion) -> creation of Vietnamese Democratic Republic. In late April North Vietnam was occupied by Chinese forces to accept the surrender of the Japanese. In March also general Leclerc arrives. Fontainebleau Agreements in mid-1946 between Vietnam and France, Vietnam as part of the French Union. With the return of France (November 1946) fighting erupted, war erupted in March 1947. By October France took over main population centres.To increase French support, State of Vietnam was created under emperor Bao Dai (2 August 1949) In 1950 Vietnam recognised by the soviet bloc. Same year the UK recognised the State of Vietnam. In late 1950 Viet Minh launched a successful offensive. In January 1951 de Tassigny was appointed to command, under his leadership France had limited military success. Hower financing the war became a major problem around this time. In March 1951 Viet Minh won in the crucial battle of Vĩnh Yên (17 March) and Viet Minh got close to Hanoi, but the French eventually managed to hold the city after heavy losses.
Change came in 1952 from Paris, talks started in February and eventually ceasefire was declared (28 February). Paris Conference – France officially recognised Democratic Republic of Vietnam, State of Vietnam was not invited as France and DRV both agreed that it was French colony (this was heavily criticised). End of war was also connected with referendum about future of Vietnam, if people support State of Vietnam in union with France or DRV. Referendum was held 14 June 1952 and resulted into landslide victory for Vietminh. Emperor abdicates and State of Vietnam dissolves, but some members of its military continue to resist DRV.
Newly independent Vietnam became a key ally for all of the socialist bloc in Asia and supported anti-colonial movements. In 1952 land reform began – often turned violent with execution of landlords. In 1953 the first five-year plan was launched, focusing on developing the country.
Laos – After the defeat of Japanese anti-colonial Lao Issara emerged. Lao monarch king Sisavang Vong however agreed with restoration of the French protectorate, Lao Issara with aid from China and Viet Minh attempted to resist re-imposition of French rule, however movement was weak and failed to do so and eventually dissolved itself in 1949. In January 1947 an agreement was signed that pledged France to give Laos autonomy inside the French Union. 1950 – Pathet Lao is formed and joins Viet Minh against French forces. In 1952 French officially withdrew from the country.
Cambodia – In 1946 king Norodom Sihanouk attempted to negotiate independence with the French, December 1946 election was held that resulted in victory of the left-wing Democratic party over conservative Liberal party. 23 October 1947 Democratic party dominated assembly passed a constitution modelled on the French one. After the death of Democratic party founder Sisowath Yuthevong, the party divided itself and cannot agree on a concrete program. In 1948 Cambodia was given autonomy by the French. After independence in April 1952, Democratic Party was largely boosted by this success. This avoided the fall of parliamentary democracy.
Ceylon (Sri Lanka)– Sri Lankan leaders led by Don Stephen Senanayake attempted to reach independence through negotiations. However, negotiations with secretary of colonies Oliver Stanley led only to self-governance and the British initially rejected granting Ceylon status of dominion. On 24 September 1947 Senanayake became the first prime minister of the newly formed Ceylonese government. In 1948 granting Dominion status to India led to demonstrations in Ceylon, Senanayake increased his pressure towards Britain. Eventually Ceylon was given the same status as India and Pakistan 4 February 1949. The Senanayake family had a lot of power, after the death of Senanayake (26 March 1952) his son Dudley was chosen by the British governor.
OCEANIA AND AMERICAS (Basically restating history with occasional minor changes, brief)
Australia – 5 July 1945 death of prime minister John Curtin, he was succeeded by Frank Forde until Labour elected Ben Chifley as its new leader. 28 October 1946 Labour government was re-elected against the emerging Liberal Party. His government was characterised by successful Keynesian social democratic politics, similar to later Attlee in UK, (social welfare, universal healthcare – in real life modelled after British one, this timeline it is vice versa, ie. The Chifley government serves as an example for Attlee elected in 1951) starting Australian postwar economic growth. Australia also supports migration to increase its population (Europeans due to the still existing “White Australia” policy). Left-wing policies, such as nationalisations, created opposition from capitalists and their conservative affiliates in politics and media. Criticism also comes from the left due to the government's anti-communism and breaking of strikes. 10 December 1949 Liberal prime minister Robert Menzies was elected. Anti-communism, in 1950 Communist party was banned, it was ruled unconstitutional. 28 April 1951 a new election, triggered the failure of the banking bill, still a victory for Liberals, however they weakened themselves with this move. In 1951 Menzies declared a referendum about banning communist parties and this timeline people agreed, leading to persecution of many communists, it was criticised as a major attack on freedom of political expression. Red Scare was similar to the US at the time, but pushed by Menzies' government. Liberal economic policies, this time taking inspiration from Taft.
New Zealand – 27 November 1946 election, victory of ruling Labour Party, Labour declined and lost popularity due to continuous post-war rationing and Fraser’s support for compulsory military service. 30 November 1949 National Party led by Sidney Holland was elected. The Legislation was changed from bicameral to unicameral, economic reforms, however the National government still supported the welfare state. Conflict with Unions, culminating into the waterfront dispute of 1951, the government responded harshly against workers with strong anti-union legislation, even outright criminalising support for them. 11 July 1951 the government was re-elected and gained more seats as a large part of the public supported their stance against workers, due to widespread anti-communism.
Oceania – “Trust Territory of the Pacific Islands” established in 1948 was originally controlled by the USA as OTL, but eventually transferred to the United Kingdom in 1950, as the US was not interested in its administration.
Canada – economic boom, social welfare Keynesian economic policies. 20 May 1946 first postwar election, victory of Liberals, however failed to obtain majority and had to rely on leftwing Co-operative Commonwealth, resulting in Canada building the strongest welfare state from Commonwealth states and becoming the most progressive one (and also becoming a major destination for European immigrants). On 15 November 1948 King retired and was succeeded by Louis St. Laurent, a French Canadian strongly opposed to communism. Due to this anti-communist however the ruling coalition collapsed, triggering snap election on 27 June 1949, which resulted in victory of Liberals, who yet again could form government without making coalitions. Shortly before the election, 31 March 1949 Canada united with NewFoundland. Canada took an important role while the US was absent in TATO.
Mexico – 1 December 1946 Miguel Alemán Valdés became president. Pro-business policies and industrialisation, development of infrastructure (dubbed Mexican miracle), however also corruption and elitism. Pro-American foreign policy. 1 December 1952 he was succeeded by Adolfo Ruiz Cortines, he was popular due to his strong stance against corruption and rapid economic development.
Guatemala – In 1944 the country was ruled by dictator Jorge Ubico, who was overthrown by a junta that was overthrown in a popular revolution (20 October 1944), 15 March 1945 Juan José Arévalo became the country's first democratically elected president, who introduced many reforms. He developed the political ideology of Arevalismo "spiritual socialism" -it can be considered a form of democratic socialism. 12 November 1950 Jacobo Árbenz was elected president, he continued the policies of Arévalo and was even more ambitious with his democratic socialist reforms. Largest one was Land Reform (17 June 1952) which greatly benefited hundred of thousands poor Guatemalan people especially indigenous ones, however made very angry American United Fruit Company that controlled majority of land and basically country itself, UFC began to lobby for his overthrown...
British Honduras – Rise of voice for independence and People's United Party
Honduras – Rule of pro American dictator Tiburcio Carías Andino, unlike OTL he did not gave power to his puppets and continued to rule the country directly. Rise of discounted with his regime, even greater due any reforms instituted by his successor Juan Manuel Gálvez were not passed.
El Salvador – Authoritarian rule of Salvador Castaneda Castro (1945-1948), suppression of strikes and opposition, eventually he was deposed by military coup (14.12.1948), after rule of military, Óscar Osorio was appointed president (14.9.1950), he instituted some social reforms, but continued corrupt regime and persecution of opposition.
Nicaragua – Dictatorial rule of pro-American Somoza dynasty. 1947-1950 figurehead presidency of Leonardo Argüello Barreto (after Truman’s pressure for liberalisation).
Costa Rica – 12 March – 24 April 1948 civil war, after an attempt to annul victory of opposition candidate José Figueres Ferrer in election, it ultimately led to victory of rebels with US help. José Figueres Ferrer became provisional president. and pushed many important reforms: abolished the military, gave women suffrage, welfare, nationalisations of banks and also outlawed communist party. 1949-1953 presidency of Otilio Ulate Blanco that upheld these reforms.
Panama – pro-American parliamentary democracy dominated by oligarchy.
Colombia – 9 April 1948 popular democratic socialist presidential candidate of the Liberal Party Jorge Eliécer Gaitán was assassinated. This triggered the “La Violencia” (1948-1958) period of massive unrest between the left and the right, over 200 000 died, at the start of the Colombian conflict. On 9 November 1949 Liberal opposition attempted to impeach president Ospina Pérez, he dissolved Congress, creating a presidential dictatorship. Liberal leaders launched an uprising in rural areas (originally it was intended to be a military coup, that however in real life did not take place and here took place and failed). 7 August 1950 new Conservative dictatorial president Laureano Gómez Castro, admirer of Franco, suffered a major heart attack and power was transferred to Roberto Urdaneta Arbeláez in 1951.
Venezuela – 18 October 1945 military coup that brought democracy to Venezuela (October 1946 and December 1947 democratic elections) under president Rómulo Betancourt. The 1940s economy also boomed thanks to oil. However, on 24 November 1948, the military staged a coup and Marcos Pérez Jiménez became dictator, under his oppressive regime there was great economic development, and he was close to the US.
Ecuador – President José María Velasco Ibarra was ousted in military coup (23 August 1947), 1947-1948 unstable country was ruled by military Carlos Mancheno Cajas, eventually military gave power to former vice-president Mariano Suárez Veintimilla, who gave his powers to Congress that elected Carlos Julio Arosemena Tola (31 August 1947). His presidency was strongly allied with the United States. 1 September 1948 Galo Plaza, another strongly pro-American figure, became the next president. He supported technocratic approach, democracy and was very open to foreign (mostly American) influence, exporting bananas to America. 1 June 1952 José María Velasco Ibarra (former deposed president, established politician and Ecuadorian nationalist) won election and became president for third term, his term was stable and brought progress, mostly in great development of infrastructure.
Brazil – Fourth Brazilian Republic, president Eurico Gaspar Dutra (1946-1951). Close relations with the US, liberal economic policy. 31 January 1951 Vargas returned after victory in the 3 October 1950 election. Keynesian economic policy, 1953 creation of PETROBRAS. Rua Tonelero shooting an assassination attempt on leading opposition member Carlos Lacerda (5August 1954) blamed on Vargas by opposition in a strong campaign, 24 August 1954 he committed suicide.
Perú – 1945 leftwing president José Luis Bustamante y Rivero, restoration of democracy. 29 October 1948 military seized power in a coup after murder of a prominent right-wing editor. Manuel Odría's regime strongly persecuted leftwing APRA, supported powerful oligarchy and gained favour of people thanks to populist rhetoric and policies.
Bolivia – 1947 to 1949 rule of Enrique Hertzog, conservative American aligned government. Economy in a terrible state, social unrest and intensified class struggle. Dominant opposition group was Nationalist Revolutionary Movement (MRN) with a program of nationalisations and land reform. Next president Mamerto Urriolagoitía installed military rule (16 May 1951) under Hugo Ballivián. 9 April 1952 Bolivian National Revolution overthrew the junta. Víctor Paz Estenssoro became president. Many left-wing and democratic reforms transformed the country: universal suffrage, nationalisation of mining, large land reform (however created farms were eventually again taken over by large landowners), great influence of trade unions and workers.
Paraguay – Dictator Higinio Morínigo was pushed by the US to liberalise his regime, he legalised political parties and formed a coalition between Colorado and Febreristas. Later ones resigned from the government (11 January 1947) and united with opposition forces (Liberals and Communists) and attempted to topple his regime starting a civil war (7 March – 20 August 1947), despite opposition having popular support, and the government was saved by the US and Argentina. All parties with exception of Colorado were banned and the country became one party state. 16 August 1948 leader of Colorado Juan Natalicio González was elected president. He promoted nationalist policies; several American companies were nationalised. Due to American non-interventionism, three attempted coups against the president failed due to lack of any outside support. In other ways Paraguay was a stable country during his presidency.
Uruguay – functioning democracy, dominance of liberal Colorado party. Presidents: Juan José de Amézaga (1943-1947) – social reforms, economic stability and growth. Tomás Berreta (1947) died in office, Luis Batlle Berres (1947-1951) continued social and leftwing economic reforms.
Chile – Democratic presidential republic. September 1946 presidential election, Gabriel González Videla (Radical) elected. During his presidency many communist strikes, under US pressure Videla passed “Permanent Defense of Democracy Law” (8.9.1948) that banned the communist party, many imprisoned, strikes brutally suppressed, relations with socialist bloc broken. Radicals created alliance with Liberals and Conservatives. 4 September 1952 resulted in the victory of former president nationalist general Carlos Ibáñez del Campo. He repealed the ban on communists and also gained support from the left.
Argentina – Peron and Peronism. Nationalism, populism, social welfare, improvement of working conditions, development of local industry, growing power of the trade unions, authoritarian rule and persecution of opposition etc. Non-aligned foreign policy stance. 26 July 1952 death of Eva Peron.
Cuba – Presidents Ramón Grau (44-48) and Carlos Prío Socarrás (48-52) of left-wing nationalist Partido Auténtico. 10.3.1952 democracy overthrown by Batista’s coup. Pro-American authoritarian regime, serving interests of American elites owning majority of the county.
Haiti – 1946 revolution (11.1) – military seized power and new National Assembly was elected, Dumarsais Estimé became president (16 August 1946 to 10 May 1950), attempts of reforms, focused on expanding education, expansion of worker’s rights, creation of social security system (no passed), major nationalisations. His presidency was marked by growth and economic development. In foreign policy he was allied towards the US. After he tried to extend his time in office, he was removed by the military. General Paul Magloire became new president, he was elected president in 1950 first direct election.
Dominican Republic – Totalitarian far-right dictatorship of Rafael Trujillo. Ally of the US.
INDEPENDENT STATES IN AFRICA
Ethiopia – Emperor Haile Selassie. 15 September 1952 Federation Between Ethiopia and Eritrea formed.
Liberia – US aligned. President William Tubman (1944-1971), stable period.
South Africa – 26 May 1948 Reunited National Party won election. Daniël François Malan became prime minister, 1948-1953 apartheid instituted.
Colonial Africa would be addressed in the next part (since there aren’t too much events 1946-1952, 1953 to 1956 is extremely eventful on the other hand) North Africa covered in another post
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2024.05.18 21:19 2Vibed Found these at thrift store in Mooresville, NC.

Found these at thrift store in Mooresville, NC.
Anything noteworthy?
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2024.05.18 21:15 SanderSo47 Directors at the Box Office: Clint Eastwood (Part 1)

Directors at the Box Office: Clint Eastwood (Part 1)
https://preview.redd.it/m07tmkxgi81d1.jpg?width=2048&format=pjpg&auto=webp&s=a069dd209bca819edad29814e0bbd2b76eaa50db

As Reddit doesn't allow posts to exceed 40,000 characters, Eastwood's edition had to be split into two parts because his whole career cannot be ignored. The second part will be posted tomorrow.

Here's a new edition of "Directors at the Box Office", which seeks to explore the directors' trajectory at the box office and analyze their hits and bombs. I already talked about a few, and as I promised, it's Clint Eastwood's turn.
Eastwood was a troublemaker at school, and he had a bunch of odd jobs such as lifeguard, paper carrier, grocery clerk, forest firefighter, and golf caddy. In 1951, he was drafted into the United States Army during the Korean War and was discharged two years later. Through this, he got into contact with a Hollywood representative, who got him into acting classes and started his acting career. He got his start by starring in the hit show Rawhide, but he said he was exhausted by the experience. This caught the attention of some film producers and he decided to act in films directed by the then-unknown Sergio Leone. His career was on the rise, and then he got the chance to make his directorial debut.
From a box office perspective, how reliable was he to deliver a box office hit?
That's the point of this post. To analyze his career.

It should be noted that as he started his career in the 1970s, some of the domestic grosses here will be adjusted by inflation. The table with his highest grossing films, however, will be left in its unadjusted form, as the worldwide grosses are more difficult to adjust.

Play Misty for Me (1971)

"The scream you hear may be your own!"
His directorial debut. It stars Eastwood, Jessica Walter and Donna Mills, and follows a radio disc jockey being stalked by an obsessed female fan.
Before his colleague Irving Leonard died, he and Eastwood had discussed the idea of producing a film that was to give Eastwood the artistic control he desired, and his debut as a director. Eastwood said he was ready, "I stored away all the mistakes I made and saved up all the good things I learned, and now I know enough to control my own projects and get what I want out of actors."
The film was a huge success for Eastwood, and it also received positive reviews. So far, his directorial career was off to a great start.
  • Budget: $950,000.
  • Domestic gross: $10,600,000. ($81.7 million adjusted)
  • Worldwide gross: $10,600,000.

High Plains Drifter (1973)

"They'd never forget the day he drifted into town."
His second film. The film stars Eastwood, Verna Bloom and Mariana Hill, and follows a mysterious stranger who metes out justice in a corrupt frontier mining town.
Eastwood reportedly liked the offbeat quality of the film's original nine-page proposal and approached Universal with the idea of directing it, which would make it his first directed Western. The screenplay was inspired by the real-life murder of Kitty Genovese in Queens in 1964, which eyewitnesses reportedly stood by and watched. Holes in the plot were filled in with black humor and allegory, influenced by Sergio Leone.
It was well received, and the film even surpassed Play Misty for Me at the box office. Eastwood was just going up.
  • Budget: $5,500,000.
  • Domestic gross: $15,700,000. ($110.4 million adjusted)
  • Worldwide gross: $15,700,000.

Breezy (1973)

"Her name is Breezy."
His third film. It stars William Holden and Kay Lenz, and follows the relationship between a middle-aged real estate agent and a young hitchhiker.
This was his first directed film without starring on it. And his lack of presence certainly hurt the film; it received mixed reviews and flopped at the box office.
  • Budget: $750,000.
  • Domestic gross: $200,000. ($1.4 million adjusted)
  • Worldwide gross: $217,753.

The Eiger Sanction (1975)

"His lifeline, held by the assassin he hunted."
His fourth film. Based on the novel by Trevanian, the film stars Eastwood, George Kennedy, Vonetta McGee, and Jack Cassidy. It follows Jonathan Hemlock, an art history professor, mountain climber, and former assassin once employed by a secret government agency, who is blackmailed into returning to his deadly profession for one last mission.
The film received mixed reactions for its writing, and it wasn't a box office success either.
  • Budget: $9,000,000.
  • Domestic gross: $14,200,000. ($82.4 million adjusted)
  • Worldwide gross: $14,200,000.

The Outlaw Josey Wales (1976)

"An army of one."
His fifth film. Based on the novel Gone to Texas by Forrest Carter, it stars Eastwood, Chief Dan George, Sondra Locke, Bill McKinney and John Vernon. The film tells the story of Josey Wales, a Missouri farmer whose family is murdered by Union militia during the Civil War. Driven to revenge, Wales joins a Confederate guerrilla band and makes a name for himself as a feared gunfighter. After the war, all the fighters in Wales' group except for him surrender to Union soldiers, but the Confederates end up being massacred. Wales becomes an outlaw and is pursued by bounty hunters and Union soldiers as he tries to make a new life for himself.
Eastwood was fascinated by the novel and he bought the film rights, hoping to star on the film. He got Philip Kaufman involved as screenwriter and possible director, but left after disagreeing with Eastwood in the material adapted to the screen. Kaufman insisted on filming with a meticulous attention to detail, which caused disagreements with Eastwood, not to mention the attraction the two shared towards Locke and apparent jealousy on Kaufman's part in regard to their emerging relationship. This caused Eastwood to take over as the director. Kaufman's firing angered the DGA, as he did most of the pre-production, and sanctioning a $60,000 fine. This resulted in the Director's Guild passing a new rule, known as "the Eastwood Rule", which prohibits an actor or producer from firing the director and then personally taking on the director's role.
The film received critical acclaim, and in subsequent years, is ranked among Eastwood's greatest films. It was also a huge success at the box office, doubling his previous highest grossing film. It was also one of the few Western films to receive critical and commercial success in the 1970s at a time when the Western was thought to be dying as a major genre in Hollywood.
  • Budget: $3,700,000.
  • Domestic gross: $31,800,000. ($174.5 million adjusted)
  • Worldwide gross: $31,800,000.

The Gauntlet (1977)

"The man in the middle of..."
His sixth film. It stars Eastwood, Sondra Locke, Pat Hingle, William Prince, Bill McKinney, and Mara Corday. It follows a down-and-out cop who falls in love with a prostitute, to whom he is assigned to escort from Las Vegas to Phoenix for her to testify against the mob.
While it received mixed reviews, it became another box office success for Eastwood, becoming his now highest grossing film.
  • Budget: $5,500,000.
  • Domestic gross: $35,400,000. ($182.4 million adjusted)
  • Worldwide gross: $35,400,000.

Bronco Billy (1980)

"The most outrageous of 'em all."
His seventh film. The film stars Eastwood and Sondra Locke, and focuses on the financially-struggling owner of a traditional Wild West show and his new assistant.
It became another critical and commercial success for Eastwood, who referred to the film as one of his most affable shoots of his career.
  • Budget: $6,500,000.
  • Domestic gross: $24,265,659. ($91.9 million adjusted)
  • Worldwide gross: $24,265,659.

Firefox (1982)

"The most devastating killing machine ever built... his job... steal it!"
His eighth film. Based on the novel by Craig Thomas, it stars Eastwood, Freddie Jones and David Huffman. The Soviets have developed a revolutionary new jet fighter, called "Firefox". Naturally, the British are worried that the jet will be used as a first-strike weapon, as rumors say that the jet is undetectable on radar. They send ex-Vietnam War pilot Mitchell Gant on a covert mission into the Soviet Union to steal the Firefox.
The film received mixed reviews, but it earned almost $47 million, becoming Eastwood's highest grossing title as director.
  • Budget: $21,000,000.
  • Domestic gross: $46,708,276. ($151.1 million adjusted)
  • Worldwide gross: $46,708,276.

Honkytonk Man (1982)

"The boy is on his way to becoming a man. The man is on his way to becoming a legend."
His ninth film. It's based on the novel by Clancy Carlile, and it stars Eastwood and his son Kyle. It follows Red Stovall, a country music singer and composer. With his nephew Whit by his side, he travels to Nashville to perform at the Grand Ole Opry in the backdrop of the Great Depression.
While the film received acclaim, it earned just $4.4 million, becoming his second worst performer.
  • Budget: $2,000,000.
  • Domestic gross: $4,484,991. ($14.5 million adjusted)
  • Worldwide gross: $4,484,991.

Sudden Impact (1983)

"Dirty Harry is at it again."
His tenth film. The fourth installment in the Dirty Harry series, directed, it stars Eastwood and Sondra Locke. The film tells the story of a gang rape victim who decides to seek revenge on her rapists 10 years after the attack by killing them one by one. Inspector Harry Callahan, famous for his unconventional and often brutal crime-fighting tactics, is tasked with tracking down the serial killer.
The film received mixed reviews from critics, but it earned over $150 million worldwide, Eastwood's first film to pass that milestone. It's also very popular for including the iconic catchphrase, "Go ahead, make my day."
  • Budget: $22,000,000.
  • Domestic gross: $67,642,693. ($212.1 million adjusted)
  • Worldwide gross: $150,642,693.

Pale Rider (1985)

"...And Hell followed with him."
His 11th film. It stars Eastwood, Michael Moriarty and Carrie Snodgress. A couple and their daughter, along with a few others, are driven out of Lahood, California, by goons working for a mining baron. However, a stranger enters their life to assist them in their fight.
There was no stopping Eastwood: another critical and commercial success.
  • Budget: $6,900,000.
  • Domestic gross: $41,410,568. ($120.2 million adjusted)
  • Worldwide gross: $41,410,568.

Heartbreak Ridge (1986)

"The scars run deep."
His 12th film. It stars Eastwood, Marsha Mason, Everett McGill, and Mario Van Peebles. The story centers on a U.S. Marine nearing retirement who gets a platoon of undisciplined Marines into shape and leads them during the American invasion of Grenada in 1983.
The film was inspired by an account of American paratroopers of the 82nd Airborne Division using a pay telephone and a credit card to call in fire support during the invasion of Grenada, and fashioned a script of a Korean War veteran career Army non-commissioned officer passing on his values to a new generation of soldiers. Eastwood was interested in the script and asked his producer, Fritz Manes, to contact the US Army with a view of filming the movie at Fort Bragg. However, the Army read the script and refused to participate, due to Highway being portrayed as a hard drinker, divorced from his wife, and using unapproved motivational methods to his troops, an image the Army did not want.
It received mixed reviews, with some deeming the film as "imperialist propaganda". But it was still another box office success.
  • Budget: $15,000,000.
  • Domestic gross: $42,724,017. ($121.7 million adjusted)
  • Worldwide gross: $121,700,000.

Bird (1988)

"There are no second acts in American lives."
His 13th film. The film stars Forest Whitaker and Diane Venora. It is constructed as a montage of scenes from saxophonist Charlie Parker's life, from his childhood in Kansas City, through his early death at the age of 34.
Eastwood, a lifelong fan of jazz, had been fascinated by Parker ever since seeing him perform live in Oakland in 1946. He approached Chan Parker, Bird's common-law wife on whose memoirs the script was based, for input, and she lent Eastwood and arranger Lennie Niehaus a collection of recordings from her private collection Before Eastwood was involved, Richard Pryor was originally cast as Parker.
Despitive positive reviews, it performed poorly, earning just $2.2 million in North America.
  • Budget: $14,000,000.
  • Domestic gross: $2,181,286. ($5.7 million adjusted)
  • Worldwide gross: $2,181,286.

White Hunter Black Heart (1990)

"An adventure in obsession."
His 14th film. Based on the novel by Peter Viertel, it stars Eastwood, Jeff Fahey, George Dzundza, Alun Armstrong and Marisa Berenson. It follows a famous movie director, John Wilson, who goes to Africa to make his next movie. He is an obstinate, contrary director who'd rather hunt elephants than take care of his crew or movie. He has become obsessed with one particular elephant and cares for nothing else.
Despite positive reviews, it made just $2.3 million domestically, not even 10% of the budget.
  • Budget: $24,000,000.
  • Domestic gross: $2,319,124. ($5.5 million adjusted)
  • Worldwide gross: $2,319,124.

The Rookie (1990)

His 15th film. The film stars Eastwood, Charlie Sheen, Raul Julia, Sônia Braga, Lara Flynn Boyle, and Tom Skerritt. It follows a veteran police officer teamed up with a younger detective, whose intent is to take down a German crime lord in downtown Los Angeles, following months of investigation into an exotic car theft ring.
It received negative reviews for its acting and story, and it became another flop for Eastwood. That's three bombs in a row. Ouch.
  • Budget: $30,000,000.
  • Domestic gross: $21,633,874. ($51.6 million adjusted)
  • Worldwide gross: $21,633,874.

Unforgiven (1992)

"Some legends will never be forgotten. Some wrongs can never be forgiven."
His 16th film. It stars Eastwood, Gene Hackman, Richard Harris and Morgan Freeman. It follows William Munny, a widower with two young kids, who was once a very vicious gunfighter who gave up everything after marriage. Now, a man named Schofield Kid brings him an offer that he cannot refuse, forcing him to come out of retirement for one last job.
David Webb Peoples wrote the script all the way back to 1976, and it was optioned by Francis Ford Coppola, but he lacked the funds needed to helm it. By Eastwood's own recollection, he was given the script in the "early 80s" although he did not immediately pursue it, because, according to him, "I thought I should do some other things first". Eastwood has long asserted that the film would be his last traditional Western, concerned that any future projects would simply rehash previous plotlines or imitate someone else's work. He dedicated the film to his close friends and mentors Sergio Leone and Don Siegel. Hackman initially refused to participate as his daughters were upset that he was starring in too many violent films, but he became fascinated by the script that he agreed.
It opened with $15 million and it legged all the way to $100 million after playing for almost one year, closing with $159 million worldwide, his now highest grossing film. The film received Eastwood's best reviews of his career, with many considering the film as his magnum opus as director. It received 9 Oscar nominations, and won four: Best Picture and Best Director for Eastwood, Best Supporting Actor for Hackman, and Best Film Editing. So Eastwood, on top of being a reliable box office draw, was now a 2-time Oscar winner.
  • Budget: $14,400,000.
  • Domestic gross: $101,167,799. ($225.2 million adjusted)
  • Worldwide gross: $159,167,799.

A Perfect World (1993)

His 17th film. Kevin Costner, Eastwood and Laura Dern, and follows an escaped convict who takes a young boy hostage and attempts to escape on the road with the child, while being pursued by a Texas Ranger.
The film received critical acclaim, and has appeared as one of Eastwood's best films. The film disappointed in North America, but it earned up to $100 million overseas (Eastwood's first film to gross that much) and ended with $135 million worldwide.
  • Budget: $30,000,000.
  • Domestic gross: $31,130,999. ($67.2 million adjusted)
  • Worldwide gross: $135,130,999.

The Bridges of Madison County (1995)

"The human heart has a way of making itself large again even after it's been broken into a million pieces."
His 18th film. Based on the novel by Robert James Waller, it stars Eastwood and Meryl Streep. The film is set in 1965, following a war bride, Francesca Johnson, who lives with her husband and two children on their Iowa farm. That year she meets National Geographic photojournalist, Robert Kincaid, who comes to Madison County, Iowa to photograph its historic covered bridges. With Francesca's family away for a short trip, the couple have an intense, four-day love affair.
It received more critical acclaim, and made over $180 million worldwide, becoming his highest grossing film. For her performance, Streep was nominated for an Oscar for Best Actress.
  • Budget: $22,000,000.
  • Domestic gross: $71,516,617. ($146.5 million adjusted)
  • Worldwide gross: $182,016,617.

Absolute Power (1997)

His 19th film. Based on the novel by David Baldacci, it stars Eastwood, Gene Hackman, Ed Harris, Laura Linney, Judy Davis, Scott Glenn, Dennis Haysbert, and Richard Jenkins. It follows a master jewel thief who witnesses the killing of a woman by Secret Service agents.
It received mixed reviews, and disappointed at the box office.
  • Budget: $50,000,000.
  • Domestic gross: $50,068,310. ($97.4 million adjusted)
  • Worldwide gross: $92,768,310.

Midnight in the Garden of Good and Evil (1997)

"Welcome to Savannah, Georgia. A Ccty of hot nights and cold blooded murder."
His 20th film. Based on the book by John Berendt, it stars John Cusack and Kevin Spacey. It follows the story of antiques dealer Jim Williams, on trial for the killing of a male prostitute who was his lover. The multiple trials depicted in Berendt's book are combined into one trial for the film.
It received mediocre reviews, and flopped at the box office.
  • Budget: $30,000,000.
  • Domestic gross: $25,105,255. ($48.8 million adjusted)
  • Worldwide gross: $25,105,255.

True Crime (1999)

His 21st film. Based on the novel by Andrew Klavan, it stars Eastwood, Isaiah Washington, Denis Leary, LisaGay Hamilton and James Woods. It follows a journalist covering the execution of a death row inmate, only to discover that the convict may actually be innocent.
This was another project that received mediocre reviews and flopped at the box office.
  • Budget: $55,000,000.
  • Domestic gross: $16,649,768. ($31.2 million adjusted)
  • Worldwide gross: $16,649,768.

Space Cowboys (2000)

"Boys will be boys."
His 22nd film. It stars Eastwood, Tommy Lee Jones, Donald Sutherland, and James Garner as four aging former test pilots who are sent into space to repair an old Soviet satellite.
It received very positive reviews, and earned over $128 million worldwide.
  • Budget: $60,000,000.
  • Domestic gross: $90,464,773. ($164 million adjusted)
  • Worldwide gross: $128,884,132.

Blood Work (2002)

"He's a heartbeat away from catching the killer."
His 23rd film. Based on the novel by Michael Connelly, it stars Eastwood, Jeff Daniels, Wanda De Jesús, and Anjelica Huston. It follows a retired FBI agent who recently had a heart transplant but still takes up the job to nab a killer.
It was another film with mediocre reviews and flop status.
  • Budget: $50,000,000.
  • Domestic gross: $26,235,081. ($45.5 million adjusted)
  • Worldwide gross: $31,794,718.

Mystic River (2003)

"We bury our sins, we wash them clean."
His 24th film. Based on the novel by Dennis Lehane, it stars Sean Penn, Tim Robbins, Kevin Bacon, Laurence Fishburne, Marcia Gay Harden, and Laura Linney. It follows three childhood friends who are reunited 25 years later when one of them suffers a family tragedy.
Michael Keaton was originally cast in the role of Det. Sean Devine, and did several script readings with the cast, as well as his own research into the practices of the Massachusetts Police Department. However, creative differences between Keaton and Eastwood led to Keaton leaving the production. He was replaced by Kevin Bacon. This was the first film in which Eastwood would be credited as composer.
The film had a slow roll-out, but it was aided by strong word of mouth, closing with a wonderful $156 million worldwide. It also received acclaim, and was named as one of Eastwood's greatest films. Sean Penn received universal acclaim for his performance, with some naming it among the best acting of the century, particularly for one scene (if you watched it, you definitely know which scene). It received 6 Oscar nominations, including Best Picture and Best Director for Eastwood. It won two: Best Actor for Penn and Best Supporting Actor for Robbins.
  • Budget: $25,000,000.
  • Domestic gross: $90,135,191. ($153 million adjusted)
  • Worldwide gross: $156,595,191.

Come back tomorrow for Part 2

Don't suggest directors for the next edition here. Save it for tomorrow.

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2024.05.18 20:32 baltimore-aureole China dumps US treasuries, then bails out its bankrupt real estate industry with the proceeds.

China dumps US treasuries, then bails out its bankrupt real estate industry with the proceeds.
https://preview.redd.it/gcji8712a81d1.png?width=275&format=png&auto=webp&s=2b8eaf1fe4d6f5e49239b057c80483015123cdfe
Photo above - drone's eye view of vacant buildings in Nanjing, China earlier this week. The Chinese government is going to buy them . . . but then what?
There's a common misconception about Fed Funds rates. Some pundits focus on the how rate increases are intended to screw up the economy (suppress borrowing, hiring, and consumption) to stop inflation. All those goals are true. But we sometimes don't pay enough attention to the need for high T Bill yields to attract buyers to fund our $34 trillion national debt.
China just announced they're taking a step back from US Treasuries. In fact, the Chinese government SOLD $50 billion in T-Bills in the first 3 months of this year. And billions more last year. The news link below (“China sells”) also suggests the money is being used to buy gold. Which seems POSSIBLE, until we examine the actual price of gold. It didn't increase at all during the first 3 months of the year. Gold HAS risen since March 31st, so maybe China is selling more T-Bills? A lot more?
In any case, if existing T-Bill holders are heading for the exits, it's unlikely Jerome Powell can cut interest rates soon. China isn't showing up. And probably some others. So what did China REALLY do with the billions and billions they got from selling our unloved T-Bills? That's what the 2nd link is for.
China has a problem – too many empty buildings. Both apartment towers and office high rises. People can't afford the apartments, because they got laid off from their jobs. Because Americans are getting skittish about buying stuff from the nation which invented Covid 19, and ~which~ sends Uighurs to work camps to make export merchandise. (Temu . . . is that you?) You can google things like “trade balance” and “China recession” if you're unfamiliar with current events.
So, people really shouldn't blame The People's Republic of China for dumping our Treasury bills. As retaliations go, this one seems “proportionate.” China hasn't invaded Taiwan (yet). Or used its People's Army Hacking Brigade to shut off our electricity, water, air traffic control towers, and 5G cellular service.
When I look at the picture at top, I'm both envious and dismayed. What a clean, modern looking city! Like something made by CGI for a videogame. But on the other hand, this part of Nanjing looks quite antiseptic. No stores, stadiums, museums, or concert venues. Exactly how a communist city planner would imagine the world. Go directly from your home to your workplace, and then back again. Watch the China Broadcast System news hour when you get home.
It remains to be seen if China's 2024 real estate bailout will be as successful as America's 2007 real estate bailout. In any case, if the USA actually has a recession in 2024-2025-2026, imagine how much the national debt is going to grow. Politicians will pump up the economy to try and buy enough votes to get re-elected again. This could be WAAAY worse than the covid 19 stimulus deficits.
I'm just sayin' . . .
~China sells off record amount of dollar assets - Mehr News Agency~
~Housing market: China unveils sweeping measures to rescue its crisis-hit property sector CNN Business~
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2024.05.18 20:20 FakeElectionMaker Thoughts on the Greek military junta that ruled the country between 1967 and 1974?

https://en.wikipedia.org/wiki/Greek_junta
Excerpt from the Junta's article:
The colonels preferred to call the coup an Ethnosotirios Epanastasis (Εθνοσωτήριος Επανάστασις, 'revolution to save the nation'). Their official justification was that a "communist conspiracy" had infiltrated Greece's bureaucracy, academia, press, and military, to such an extent that drastic action was needed to protect the country from communist takeover. Thus, the defining characteristic of the Junta was its staunch anti-communism. They used the term anarchokommounisté (αναρχοκομμουνισταί, 'anarcho-communist') to describe leftists in general. In a similar vein, the junta attempted to steer Greek public opinion not only by propaganda but also by inventing new words and slogans, such as paleokommatismos (Παλαιοκομματισμός, 'old-partyism') to discredit parliamentary democracy, or Ellas Ellinon Christianon (Ελλάς Ελλήνων Χριστιανών, 'Greece for Christian Greeks') to underscore its ideology. The junta's main ideological spokesmen included Georgios Georgalas and journalist Savvas Konstantopoulos, both former Marxists.
In 1970, Georgalas published a book The Decline of Consumer Society, stating that consumerism had destroyed the Christian spiritual values of the West, leaving Greece as the last solitary outpost of Christian civilization. In the same book, Georgalas stated the solution to social problems was not as many believed increased employment, but instead "lengthy psycho-therapeutic programmes" which would create "the free man in harmonious co-existence with himself and his fellow beings". The British historian Richard Clogg described the writings of Georgalas and Konstantopoluos as "pretentious verbiage", claiming that they tended to use elaborate and impressive-sounding language to mask the shallowness of their theories. In essence, intellectuals like Georgalas and Konstantopoulos argued that materialism and consumerism were corroding the spiritual strength of the Greek people, and the military regime would "cure" the Greeks by restoring the traditional values of Orthodoxy (Greek Christianity). One of Papadopoulos' first acts after the coup was to change the pension laws to allow the veterans of the Security Battalions to collect pensions.
A central part of the regime's ideology was xenophobia, which presented Greeks as the creators of civilization with the rest of the world jealous of the debts they owed to Greece. Colonel Ioannis Ladas, the Secretary-general of the Ministry of Public Order, came to international prominence in the summer of 1968 when he personally beat up Panayiotis Lambrias, the editor of magazine Eikones for running an article saying that homosexuality was accepted as normal in ancient Greece. When the BBC's Greek service reported the incident, Ladas gave a rant at a press conference, claiming that the BBC was run by homosexuals, making him into a sort of unofficial spokesman for the regime.
At a subsequent speech before a visiting group of Greek-Americans on 6 August 1968, Ladas quoted Friedrich Nietzsche's statement that the ancient Greeks invented everything and went on to say: "Foreigners confess and acknowledge Greek superiority. Human civilization was wholly fashioned by our race. Even the enemies of Greece recognize that civilization is an exclusively Greek creation". Ladas went on to denounce young men with long hair as "the degenerate phenomenon of hippy-ism", calling hippies "anti-social elements, drug addicts, sex maniacs, thieves, etc. It is only natural that they should be enemies of the army and the ideals which the military way of life serves". Ladas ended his speech by arguing that Greeks for racial reasons were still the world's preeminent people, but had only declined of inadequate leadership, a problem which had been solved by the "revolution" of 21 April 1967. Ladas claimed that Greece under military leadership would be "cured" of its problems and resume its rightful place in the world. Clogg noted that before the coup, Ladas had been associated with the far-right 4th of August Party, and contributed many articles to that party's journal, which was a "racist and anti-Semitic" magazine which glorified not only the 4 August Regime, but also the Third Reich.
View Poll
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2024.05.18 20:16 CubsFan_ Saturday Skenes Sale

Saturday Skenes Sale
$40 shipped for the pair. Prime numbers is 10/60
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2024.05.18 19:48 Kaustuv31 I want to know, how long are we going to be quiet on this?

https://en.m.wikipedia.org/wiki/Suicide_in_India#:~:text=The%20rate%20of%20suicide%20per,of%20suicides%20in%20the%20world.
Though suicides can be of many types but there are few patterns Suicides in India are mainly caused by the following- 1. Family problems (relationship problems, marital problems ect) 2. Suicides of students (students who are forced to end their lives) I would concentrate on suicides of students, the loss of educated students who feel deserted and alienated by the system, the infamous british system of education that was introduced initially to train troops which is still followed unchanged. People who blame the students for not talking to their parents and teacher, tell me what will they say to their parents? “ dad I cant continue iit” to which dad answers “ I have spent a lot of money in you, Now I dont want to talk about this anymore” if the students says something emotional he answers- “my son cant be this weak” ( why didn’t I say daughter? Female suicide rate is 1/2.5 times of male suicide, and in this case if the student was a female the conversion would be a lot different) and eventually cuts the phone. Is this the fault of students? No. Why is it so that other countries don’t have this ‘student suicide culture’ ? The satanic institution called coaching centres dumping the student with a lot of pressure and eventually making them labours or more like machines but in this case they are supposedly working for themselves so that they can go into ‘IIT’ and what do these cruel institutions demand- a lot of money that even half of the population cant afford, eventually their guardians sinking into debts or they themselves sinking into debts which they payoff by getting some 9-5 job that hardly pays ( after working so hard ) asking the same question from 3 idiots- have you ever asked the student what they want? The problem is with the schools, coaching centres, colleges, parents’ mindset and the entire fu€king system. Now look at this so called solution from Kota - https://www.newindianexpress.com/amp/story/nation/2023/Aug/18/now-anti-suicide-device-on-every-ceiling-fan-to-stop-student-suicides-in-rajasthans-kota-2606536.html
Really an ingenious solution, its like when someone is someone who is hit by a bullet is bandaged and that’s it,no surgeries and all eventually the person dies because of internal bleeding or organ failure.
I could have discussed more on this topic but since this isn’t any zoom meeting so I don’t care.
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2024.05.18 18:24 DoublleA Can somebody use undetectable AI for me?

Sorry if this sounds selfish but this is really only a one time thing for a friend. I need someone to use there undetectable AI account to paraphrase this please.
IntroductionThe rise of fast food chains in the United States from 2000 to 2010 had an impact on both the culture and economy. This period saw an increase in obesity rates among Americans, which coincided with the growth of these eateries. In this essay we delve into the connection between the expansion of fast food franchises and the obesity epidemic examining factors that influence health. Through an analysis of data, health studies and relevant literature our goal is to provide an understanding of how consuming food has played a role in fueling obesity during this particular decade, in America.The Growth of Fast Food Chains
Between 2000 and 2010 there was a rise in the fast food industry. Popular chains such as McDonalds, Burger King and Subway expanded their reach by opening stores to meet the demand for budget friendly meals. Data from the U.S. Census Bureau shows that the number of fast food eateries increased by around 20% during this timeframe (U.S. Census Bureau, 2011). This expansion made fast food more convenient for a range of people, including kids and teenagers.
Obesity Trends in the U.S. (2000 2010)
The prevalence of obesity in America has been on a trajectory during the early years of the 21st century. According to the Centers for Disease Control and Prevention (CDC) the rate of obesity among adults rose from 30.5% in 2000 to 35.7% in 2010 (CDC, 2011). Similarly among children and teens aged between 2 and 19 years old obesity rates increased from 13.9% to 16.9% over that period. This continuous increase signals a concerning public health issue with impacts on illness rates, mortality rates and healthcare expenses.
The Impact of Fast Food, on Eating Habits
food is commonly known for its levels of calories, excessive saturated fats, sugars and sodium with little nutritional value. These aspects of food are closely associated with weight gain and obesity. Studies show that regular consumption of food is linked to consuming calories and maintaining poor eating habits (Bowman & Vineyard 2004). Research conducted by Pereira et al. (2005) revealed that individuals who ate food than twice a week were more likely to gain weight and develop insulin resistance compared to those who consumed it less frequently.
Influence of Socioeconomic Factors
The easy availability and affordability of food make it an attractive option for people with incomes. Fast food establishments are often concentrated in low income areas where residents have limited access to dining choices (Powell et al. 2007). This situation, referred to as "food deserts " , worsens the issue of obesity because disadvantaged groups tend to rely on food as their main source of nutrition.
Impact of Advertising and Promotion
The aggressive advertising tactics used by fast food companies also have a significant influence on eating behaviors particularly among young individuals, like children and teenagers.
Many businesses invest sums of money each year in marketing showcasing their products across platforms, like TV, the web and social networks. Kids are especially influenced by these strategies that highlight the appeal and ease of food reinforcing harmful dietary patterns early on.
The impact of obesity, on health is significant and variedObesity is a factor in chronic illnesses like type 2 diabetes, heart disease, stroke and certain cancers (Flegal et al., 2012). The rise in obesity rates has led to an increase in health issues putting a strain on the healthcare system. The financial implications of obesity are also noteworthy with studies indicating that medical costs linked to obesity made up around 10% of healthcare expenses in the United States during that time (Cawley & Meyerhoefer 2012).
Policies and public health effortsIn response to the escalating obesity crisis, different policies and public health efforts have been put into action at state and local levels. These initiatives aim to encourage eating habits through measures like food labeling requirements, restrictions on advertising foods to children and campaigns raising awareness about the risks of obesity (Koplan et al., 2007). Schools have been a point for intervention well, with endeavors to enhance the nutritional value of school meals and boost physical activity among students.ExamplesVarious real life examples and stories showcase the effectiveness of taking action to address the issue of obesity. For example, New York City put in place a set of strategies to combat obesity, such as displaying calorie information on menus and prohibiting trans fats in restaurant dishes. These initiatives led to improvements in people's eating habits and a slight decrease in obesity levels, within the community (Dumanovsky et al. 2011).ChallengesThe obesity epidemic still poses challenges despite the efforts to address it. Unhealthy eating habits deeply ingrained in society, the presence of the fast food industry and disparities in status all add layers of complexity to this issue. Moving forward it is crucial to focus on creating an environment that encourages choices for vulnerable communities. This entails advocating for policies that restrict the marketing of foods to children, enhancing access to options in low income areas and urging food companies to improve the health profile of their products.
Psychological marketingWhen it comes to food marketing companies go beyond advertising tactics by leveraging deep rooted psychological triggers that influence consumer behavior. Bright colors, catchy tunes and recognizable mascots are commonly used in food ads to build a memorable brand image. This technique is particularly effective with audiences like children and teenagers who're more susceptible and likely to develop lasting brand loyalties. Research indicates that exposure to these advertisements can lead children to prefer calorie, nutrient foods ultimately impacting their dietary decisions and contributing to weight gain (Boyland & Halford 2013).The impact of portion sizes
One overlooked but significant factor contributing to the obesity crisis is the increasing sizes of portions served by food chains. Over time portion sizes have substantially grown, with meals exceeding the recommended calorie intake for a single meal. Young and Nestles (2002) study reveals that fast food item portions have expanded over the years with some items now more than double their size. This phenomenon of "portion distortion" results in calorie consumption as individuals tend to eat when faced with larger servings often underestimating the actual caloric content.
Changes in lifestyle and time constraints
The contemporary way of life characterized by schedules and time limitations has also played a role in the heightened dependence on fast food. With an increase in dual income households and longer work hours many people find themselves lacking the time to cook meals. Fast food emerges as a solution offering cost effective options that align with busy routines. Nonetheless this convenience comes at a price as frequent consumption of food is linked to dietary patterns and increased calorie intake contributing to the surge in obesity rates (Smith, Ng & Popkin 2013).Another significant measure involves restricting the promotion of foods to children. By reducing kids exposure to food ads policymakers aim to lessen the impact of marketing on their eating habits. Some cities have also imposed taxes on beverages and unhealthy foods in an effort to discourage consumption through penalties. While the effectiveness of these strategies may vary they mark progress in combating the obesity crisis.
Approaches Rooted in Communities
Community based strategies for addressing obesity highlight the importance of initiatives and grassroots movements. Programs that concentrate on enhancing access to foods encouraging activity and educating community members about healthy eating have shown positive outcomes. For example community gardens and farmers markets can offer produce to residents living in areas with access to healthy food options promoting better dietary choices. Schools and community centers can also play a role by providing nutrition education and physical activity programs.
The Impact of Technology
Technology has increasingly become an asset in the battle against obesity. Mobile applications and wearable gadgets enable individuals to monitor their calorie intake and exercise levels offering feedback and motivating lifestyle choices.
Furthermore social networking sites can play a role, in advocating for public health initiatives and sharing details on diet and wellness. Although technology isn't a solution to the issue of obesity it provides avenues to involve people and groups in embracing healthier habits (Stephens & Allen 2013).
Future Directions and Recommendations
The approach to tackling obesity needs to be multi-faceted and should involve collaboration between government departments, health workers, local communities, as well as the food industry. In future, there is need for more efforts in creating an atmosphere that supports healthier selections particularly among the disadvantaged groups. This means that one should continue to campaign for policies aimed at reducing children’s exposure to unhealthy food advertisements, improving availability of healthy foods in deprived neighborhoods and encouraging manufacturers in the food sector to change their products into a healthier version.
Further still public health campaigns will try and focus on having balanced diets regularly done exercises. Schools and offices can succeed by developing well-structured meals alongside opportunities for exercising. More research is also needed to understand why some people are poor eaters or overweight than others.
Policy Proposals
To further combat the menace of overweight, policy makers should think about enacting a variety of evidence-based strategies. Some of them could be: Sugar-Sweetened Beverage Taxes: Taxes on sugary drinks can decrease consumption and raise funds for public health projects. Zoning Regulations: By controlling the number of fast food restaurants in given areas, intake will subside and encourage establishment of grocery stores among other healthier alternatives.Menu Labeling Laws: This makes sure that restaurants indicate calorie counts as well as other nutritional information to assist customers in making informed choices. School Nutrition Standards: Schools meals and snacks in the course of learning ought to meet recommended nutrition levels so that students are eating healthy. Addressing Behavioral FactorsBehavioral interventions also play a significant role in dealing with obesity. Cognitive-behavioral therapy (CBT) and other psychological approaches aid individuals to develop better eating habits and deal with triggers involved in overeating. Programs addressing weight control which incorporate behavior change counseling together with diet and exercise components show promise towards helping individuals achieve successful long term weight loss.Long-Term Commitment and Sustainable Change
Society must collectively make a commitment that will last over a long period to reduce obesity rates. The approach should be ongoing and flexible enough to accommodate changing circumstances and new information. For this change to be lasting, there must be continuous investment in public health infrastructure, research, and education. Therefore, significant strides can be achieved in reducing obesity rates by nurturing a culture that appreciates wellness.
Cultural Shifts and Public Perception
In addressing the obesity epidemic another critical factor is shifting public opinion as well as cultural norms with regards to food and health. The acceptance of fast food and oversize portions as normative has been one of the major drivers towards unhealthy eating habits over the past few decades. This would involve public health campaigns focused on what constitutes healthy balanced meals and promoting on good home cooked fresh meal benefits instead. To change public perception cooking classes nutrition workshops media campaign advertising preparation advantages of healthy meals at home for instance.
Strengthening Health Care Interventions
Routine screenings, counseling and support for weight management by health care providers are crucial in handling obesity. Obesity prevention and treatment should be integrated into primary care to ensure consistency and comprehensiveness in people’s health. Personalized advice can be availed by the healthcare practitioners and also set realistic targets as well as referring patients to dietitians or structured weight loss programs.
Advancing Research and Use of Proven Practices
To better understand the intricate contributors to obesity and curate effective interventions, it is important to sustain research. Longitudinal studies that follow diet patterns, activity levels, and disease outcomes offer useful information on how to prevent or reduce obesity. By exploring behavioral, environmental and genetic factors that affect obesity, this will enable us to make interventions that are specific for different populations and situations as well.
Conclusion
The period between 2000 and 2010 registered a sharp increase of obesity rates that is closely linked to the spread of fast food outlets across America. This public health menace can only be fought with multidimensional approaches that will change public attitude, improve education, enhance corporate accountability and support inclusive research plus health care interventions. By creating an environment where good health is appreciated through provision of necessary resources and support, we can achieve significant milestones in curbing cases of obesity within our population as well as overall improvement in their welfare.
Citations:
Boyland, E.J. & Halford, J.C.G., 2013. Television advertising and branding. Effects on eating behavior and food preferences in children. **Appetite**, 62, pp.236-241.
Brownell, K.D. & Frieden, T.R., 2009. Ounces of prevention—the public policy case for taxes on sugared beverages. **New England Journal of Medicine**, 360(18), pp.1805-1808.
Drewnowski, A. & Specter, S.E., 2004. Poverty and obesity: the role of energy density and energy costs. **American Journal of Clinical Nutrition**, 79(1), pp.6-16.
Krieger, J.W., Chan, N.L., Saelens, B.E., Ta, M.L., Solet, D. & Fleming, D.W., 2013. Menu labeling regulations and calories purchased at chain restaurants. **American Journal of Preventive Medicine**, 44(6), pp.595-604.
Ogden, C.L., Carroll, M.D., Kit, B.K. & Flegal, K.M., 2014. Prevalence of childhood and adult obesity in the United States, 2011-2012. **JAMA**, 311(8), pp.806-814.
Smith, L.P., Ng, S.W. & Popkin, B.M., 2013. Trends in US home food preparation and consumption: analysis of national nutrition surveys and time use studies from 1965-1966 to 2007-2008. **Nutrition Journal**, 12(1), p.45.
Stephens, J. & Allen, J., 2013. Mobile phone interventions to increase physical activity and reduce weight: a systematic review. **Journal of Cardiovascular Nursing**, 28(4), pp.320-329.
Story, M., Kaphingst, K.M., Robinson-O'Brien, R. & Glanz, K., 2008. Creating healthy food and eating environments: policy and environmental approaches. **Annual Review of Public Health**, 29, pp.253-272.
Walker, R.E., Keane, C.R. & Burke, J.G., 2010. Disparities and access to healthy food in the United States: A review of food deserts literature. **Health & Place**, 16(5), pp.876-884.
Young, L.R. & Nestle, M., 2002. The contribution of expanding portion sizes to the US obesity epidemic. **American Journal of Public Health**, 92(2), pp.246-249.
Fulkerson, J.A., Story, M., Neumark-Sztainer, D. & Rydell, S., 2008. Family meals: Perceptions of benefits and challenges among parents of 8-to 10-year-old children. **Journal of the American Dietetic Association**, 108(4), pp.706-709.
Huang, T.T.K., Drewnowski, A., Kumanyika, S.K. & Glass, T.A., 2009. A systems-oriented multilevel framework for addressing obesity in the 21st century. **Preventing Chronic Disease**, 6(3), A82.
Kumanyika, S.K., 2008. Environmental influences on childhood obesity: Ethnic and cultural influences in context. **Physician and Sportsmedicine**, 36(1), pp.45-51.
Larson, N.I., Story, M.T. & Nelson, M.C., 2009. Neighborhood environments: Disparities in access to healthy foods in the US. **American Journal of Preventive Medicine**, 36(1), pp.74-81.
Ludwig, D.S. & Pollack, H.A., 2009. Obesity and the economy: from crisis to opportunity. **JAMA**, 301(5), pp.533-535.
Powell, L.M., Chaloupka, F.J. & Bao, Y., 2007. The availability of fast-food and full-service restaurants in the United States: associations with neighborhood characteristics. **American Journal of Preventive Medicine**, 33(4), pp.S240-S245.
Sallis, J.F., Floyd, M.F., Rodríguez, D.A. & Saelens, B.E., 2012. Role of built environments in physical activity, obesity, and cardiovascular disease. **Circulation**, 125(5), pp.729-737.
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2024.05.18 17:51 MagicThePuff Spell Token Daily - May 18, 2024 (GMT-4) 📖🧙‍♂️🧙🧙‍♀️🔮

Welcome to Spell Token Daily!!!!!! 🔮📖🧙‍♂️🪄💫✨⭐️🌟🌕
(Workaround required for US based IP addresses!! IP/VPN blocking has been activated by the abracadabra team to avoid any SEC backlash!! Forked unblocked links to the abracadabra front end can be found below)
Helpful LINKS and INFORMATION can be found underneath the disclaimer!!! 🐸🦍
Disclaimer:
Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read in this chat with known sources. Any trade information posted in this open chat may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.
Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. Credit: CryptoCurrency
—> Always DYOR!! (Do Your Own Research) <—
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FOR SPELLCASTERS IN VPN/IP BLOCKED TERRITORIES - You can try to use a VPN (may have to change VPN location several times before it finds a working IP. Proton VPN is free OR you can try out a community forked IP!
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It is possible for anyone to fork the abracadabra UI as well!! For more information on forking a UI —> (https://docs.github.com/en/get-started/quickstart/fork-a-repo)
FOR SPELLCASTERS INTERESTED IN BURNING SPELL TOKEN - Send $SPELL to “0x090185f2135308BaD17527004364eBcC2D37e5F6” (Token Contract Address) —> https://etherscan.io/address/0x090185f2135308bad17527004364ebcc2d37e5f6
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Staking: (Check https://wenmerl.in for each “buyback” and “collection”)
Other Staking Methods
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KEEP IN MIND!! $MIM has an intrinsic value of $1 no matter what the market prices it thanks to the collateral backing it. Interest rates CAN BE increased to incentivize repayments until the $1 (or in this case 1 USDT) parity is reached in the main pool!!
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https://app.camelot.exchange/
https://swap.defillama.com/
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2024.05.18 17:18 Puzzleheaded-Hall546 My take of the US Commonwealth System, as well as info for 2025 (Note: This an AU on a less McCarthyism America. The culture is Progressive Mid-60s)

My take of the US Commonwealth System, as well as info for 2025 (Note: This an AU on a less McCarthyism America. The culture is Progressive Mid-60s)
Commonwealths: 1. New England (Capital-Boston. Maine, New Hampshire, Vermont, Massachusetts, Connecticut, Rhode Island, St. Pierre and Miquelon) 2. North Eastern (Capital-Albany. New York, Pennsylvania, New Jersey) 3. Columbian (Capital-Richmond. Virginia, West Virginia, Maryland, Delaware. Washington D.C.) 4. Carolinian (Capital-Nashville. North Carolina, South Carolina, Tennessee) 5. South Eastern (Capital-Atlanta. Georgia, Alabama, Florida, Puerto Rico, Virgin Islands, Navassa Island) 6. Mississippi (Capital-Baton Rouge. Louisiana, Mississippi, Arkansas) 7. Midwest (Capital-Indianapolis, Kentucky, Ohio, Illinois, Indiana, Michigan, Wisconsin) 8. Northern (Capital-St. Paul. Minnesota, North Dakota, South Dakota, Montana, Wyoming) 9. Central (Capital-Lincoln. Missouri, Kansas, Iowa, Nebraska) 10. Texlahoma (Capital-Austin. Texas, Oklahoma) 11. Four Corners (Capital-Phoenix. Arizona, Utah, New Mexico, Colorado) 12. South Pacific (Capital-Sacramento. California, Nevada, Hawaii, Johnston Atoll) 13. North Pacific (Capital-Boise. Idaho, Washington, Oregon, Alaska) Federal Territories: 1. Guantanamo Bay 2. Panama Canal
Notes: * Name: United States of America (USA) * Government: Constitutional Federated Presidential Republic (Multi-Party System) * Foundation: July 4, 1776 * Official Language: N/A (English being the most common) * Official Religion: N/A (Christianity being the most common) * Capital: Washington D.C. * National Motto: E Pluribus Unum * Country Age: 247 * Population: 341.55 Million * Total GDP: 29.5 Trillion * Total Commonwealths: 13 * Total Square Miles: 3,802,956 * Total Square Kilometers: 9,849,638 * Top 25 Cities: 1. New York City 2. Los Angeles 3. Chicago 4. Houston 5. Detroit 6. Phoenix 7. Philadelphia 8. San Antonio 9. San Diego 10. Dallas 11. Austin 12. Jacksonville 13. San Jose 14. Fort Worth 15. Columbus 16. Charlotte 17. Indianapolis 18. San Francisco 19. Seattle 20. Denver 21. Oklahoma City 22. Nashville 23. El Paso 24. Washington D.C. 25. Las Vegas * Total Life Expectancy: 80.01 Years * Happiness Rank: 6th * Education Rank: 5th * Crime Index: 27.6 * Homeless: 5 per 10,000 people * Poverty: 6.7% * Unemployment: 3.1% * Obesity Rate: 8% of the population * Inflation: 1.7% * Brith Rate/Population Growth: Slow * IMR: 5.1 per 1,000 live births * Economy Type: Mixed Economy * HDI: 0.935 (Very High) * Gini: 26.4 * Democratic Index: 8.21 * National Debt: 600 Billion * Internal Stability: 97% * War Support: 20% * Currency: US Dollar * Measurement Systems: Imperial and Metric * Major Sources of Power: Hydro, Nuclear, Solar, Wind, Coal, Natural Gas, Geothermal * National Anthem: Star-Spangled Banner * National Bird: Bald Eagle * National Flower: Rose * Major Parties: Democratic, Republican, Independent * Minor Parties: Dozens of them * Voting System: 10 candidates from each major party run for President. Every candidate from each party go through election rounds and debates until 1 candidate from every party makes it to Election Night. Whoever gets the majority of votes wins. Senators, Representatives, and Justices work the same in our timeline. * Presidential Term: 2 Terms (4 years) * SenatoRepresentative Term: 5 Terms (2 years) * Justice Term: 20 years * Total number of Presidents: 46 * President Age: 35 min/75 max * SenatoRepresentative Age: 25 min/65 max * Justice Age: 30 min/80 max * Military Size: The USA, as of current standing, has over 1,140,000 well-trained, active servicemen and women, with over 800,000 in reserves. * Military Branches: Army, Marines, Air Force, Navy, National Guard, Coast Guard, Space Force. * Current Status: Hyperpower
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2024.05.18 15:15 como365 Republican infighting marked 2024 legislative session

JEFFERSON CITY — The 2024 legislative session that ended Friday seemed more a referendum on Republican Party loyalty than a collective venture toward policy.
Constant infighting among Republicans over priorities and which ones were truly conservative led to days-long filibusters, name calling and the death of many conservative bills, including a top party priority: making it more difficult to amend the Missouri Constitution.
The divisions were so ingrained that the Senate Democrats, holding 10 seats in a 34-person body, delivered the deciding votes on some of the session's most important bills.
The hard-right Freedom Caucus has said their issue with mainstream Republican leaders in the legislature is a lack of dedication to “big red” policies like reducing personal property tax and preventing foreign countries from owning Missouri land.
Looking back at previous sessions, that argument doesn’t quite stack up. In the last several years Republicans have passed one of the nation's most strict abortion bans, limitations on transgender health care and enacted several income tax cuts.
The Freedom Caucus went to great lengths to disrupt Senate procedure and strong-arm leadership in an effort to pass their highest priority, changes to the initiative petition process. The impact was that they were tossed off Senate committees by the Republican leadership and later in the session failed to convince their Republican colleagues to embrace their priorities.
Less than two weeks before the constitutional deadline for the budget and with an important federal health care reimbursement that creates over $4 billion in revenue, Freedom Caucus members filibustered for 41 hours with the demand that leadership first bring up a resolution changing the approval threshold for state constitutional amendments.
Going into the last week of session, initiative petition reform still had not passed.
This week, the Freedom Caucus supported a motion among Republicans to end the Democratic filibuster on the issue through an extraordinary motion — the previous question — that hasn’t been used in the Senate since 2020. But only 16 Republicans would support that plan, which needed 18 votes, so it was never brought before the floor.
With that failure on Wednesday, the resolution was sent back to the House, which refused to budge on Thursday and sent it back to the Senate. On Friday the Senate adjourned without any further action and the effort died.
The failure to pass the resolution making initiative petition changes showed the inability of even a supermajority to act when splintered on such chaotic, disruptive lines.
Senate President Pro Tem. Caleb Rowden, R-Columbia, said that this session showed that more can get done through compromise than confrontation.
"I'm walking out of here as a guy that has basically accomplished everything I wanted to accomplish and I did it in a way that was respectful and collegial," Rowden said in a press conference after adjournment.
Senate Minority Leader John Rizzo, R-Independence, backed up that point saying, "I don't think Democrats won or Republicans lost (the session), I think decorum won."
Fiscal Year 2025 budget
A set of constitutionally mandated bills that fund the state's operations passed just three hours before the May 10 deadline. The final budget is $51.7 billion, $1 billion less than what the governor proposed, and about $2 billion less than last year's budget.
Three things stuck out in this year's budget: Infrastructure continued to be a major focus, spending was reduced to come in line with revenue projects and numerous members on both sides of the aisle were frustrated by the lack of transparency in the process.
Over the last two years, about $3.5 billion has been put into widening I-70 to six lanes statewide and I-44 in the southwestern part of the state. Both projects are about equally funded through debt and general revenue. The budget that was approved is expected to reduce the state surplus to about $1.5 billion.
Up-to-date numbers from the Office of Administration show a more rosy revenue picture than anticipated. So far Fiscal Year 2024 revenue receipts are up 2.7% year over year. That's far higher than the projected .2% growth in revenue used to craft the budget. If that revenue continues at the same pace and with a current general fund balance of over $4 billion there is a chance the state's surplus will hardly be tapped over the next year.
The declining budget also represents a return to normal state budgeting. Since the pandemic, states have received an unprecedented influx of federal COVID relief and infrastructure cash. That has led to record high appropriations that oftentimes don't get spent. In the FY 2023 budget, $10 billion of the $48 billion appropriated was never used. In 2018, only $2 billion of the $28 billion budget was left unspent.
No public comment was taken during the budget process and meetings between the House and Senate where the final budget package was finalized only existed behind closed doors. Senators only had a few minutes to review the bills before voting on them and House members had little time to debate as they passed the budget just hours before the constitutional deadline.
This backdoor process drew criticism from Democrats, Freedom Caucus members and the governor as many felt out of the loop.
Elections and initiative changes Fighting over changes that would make it harder to amend the Missouri Constitution again put the brakes on normal operating procedures on the Senate floor this session.
The Freedom Caucus has more than once sent the Senate into disarray over a piece of legislation that again failed to cross the finish line after years of attempts.
The legislation, sponsored by Sen. Mary Elizabeth Coleman, R-Arnold, would have asked voters whether the current threshold to amend the state constitution — a simple majority, or 50% plus one — should be raised to also require a majority vote in at least five of the state’s eight congressional districts.
This year’s proposal included two provisions that led the chamber to several lengthy filibusters totaling more than 100 hours. In addition to the threshold requirement, the provisions would ask voters to bar noncitizens from voting on constitutional amendments and to ban constitutional amendments sponsored by foreign governments.
These provisions are already state law and Democrats made a point of filibustering against those provisions.
Republicans this session also pushed a resolution that would ban ranked-choice voting in Missouri. SJR 78 was passed by the House on Friday. The question will now go to voters to decide.
Ranked-choice voting is a practice where voters rank their preferred candidates on a single ballot until a winner is declared after receiving a majority of the vote. The idea is to give voters more options once their top-ranked choice is eliminated by distributing their vote to their next preferred candidates. Opponents said the practice does the exact opposite by splitting the vote.
While it is not in state law, St. Louis practices a version of ranked-choice voting that will be protected if the ban passes.
Education bill An omnibus education bill, SB 727, raising the minimum teacher salary, allowing charter schools in Boone County and providing private school scholarships to low-income students, has already been signed into law by Gov. Mike Parson. The provisions of the bill, approved by the minimum vote required in the House, are estimated to cost the state $468 million.
The new state minimum salary for teachers is set at $40,000 a year beginning with the next school year and includes additional incentives for teachers with longer careers and those with master’s degrees.
The voucher-like scholarship program for private school students offers up to $6,375 per child for expenses such as tuition, textbooks and transportation. The program is funded by private donors who can claim tax credits.
The size of the bill ballooned from 12 pages to more than 150 because of amendments in the Senate. House leaders blocked amendments so that the bill would not have to be returned for another vote in the Senate out of concern it would die because of filibusters on other topics.
The law requires a public vote to approve any switch to four-day school weeks while providing incentives to schools that stick with five-day weeks.
New crime provisions A major public safety bill that passed during the final House session on Friday made changes to how children are viewed in the court system, increased punishment for various crimes and limited the authority of citizen police review boards, among other items.
The bill tracks legislation passed last year, except for two technical provisions that prompted a veto by Parson. The law increases the age under which children could be considered adults in felony offenses from 12 to 14.
On July 4, 2011, Blair Shanahan Lane was killed by reckless celebratory gunfire. A portion of the bill dubbed "Blair's Law" creates penalties for such activity. After the bill passed on a bipartisan basis Friday, House members rose for a round of applause directed at Blair Lane's mother, who was in attendance.
The bill also creates "Valentine's Law" raising punishments for fleeing a law enforcement stop. It is named for St. Louis County Detective Antonio Valentine, who died in a crash pursuing a person fleeing police.
And there is a provision known as "Max's Law" that increases punishment for injuring or killing law enforcement K-9 dogs.
Sludge regulations House Bill 2134, which would create new regulations for wastewater sludge under the Missouri Clean Water Act, gained bipartisan approval and was signed by Parson.
The bill gained traction as concerns about waste lagoons and land application practices by Arkansas-based Denali Water Solutions have been brought to light. The new law prevents companies like Denali from applying waste as fertilizer without a regulatory process and testing.
Denali was previously forced to cease operations in Missouri after 6,000 gallons of slaughterhouse waste spilled into a field, causing residents to complain about the smell and runoff concerns.
Regulatory Sandbox Act The House Friday gave final approval to SB 894 creating an avenue for new companies offering innovative products to be excused from meeting some state regulations for the first 24 months that they begin offering innovative products to consumers.
Companies would be required to apply and meet certain criteria to participate in the program.
The bill also creates an Office of Entrepreneurship within the Department of Economic Development that will promote policies and initiatives to support the growth of entrepreneurship of Missouri-based businesses with less than ten employees.
Eviction moratorium A bill passed on Friday barred any municipality from enacting an eviction moratorium. The bill, SB 865, comes in the aftermath of the COVID-19 pandemic when cities across the country prevented landlords from evicting tenets. Realtors and apartment associations spoke in favor of the bill as they feel moratoriums violate the rights of property owners.
National Guard deployment Parson signed a bill on May 8 approving additional funding for a Missouri National Guard deployment to the southern border. The governor traveled to Eagle Pass, Texas, to sign House Bill 2016 into law and visit with members who have been deployed since March.
“The battle that we’re fighting down here at the border is keeping it from happening in our own borders, in our own state in Missouri,” Parson said before signing the bill.
Members of the National Guard are assisting with Operation Lone Star after being invited by Texas Gov. Greg Abbott. Operation Lone Star is a state-level border security effort at the Texas-Mexico border that began in 2021.
The $2.2 million in funding supports the operations of approximately 200 National Guard members and 22 Missouri State Highway Patrol officers for 90 days. Since the start of their mission, only around 50 guardsmen and 22 members of the highway patrol have served in Texas.
Sports wagering moves ahead After years of failed attempts to get legalization through the Missouri General Assembly, sports gambling appears to have found a more promising path.
Early in May, the Winning for Missouri Education committee along with a coaltion of Missouri professional sports teams submitted over 340,000 signatures for a ballot initiative to the Secretary of State's office desk.
If the Secretary of State verifies that enough signatures are genuine, the question would be put to voters in November. Thirty-eight other states have legalized some form of sports wagering.
The petition proposes a 10% tax on wagers to be collected by the Department of Revenue, deposited into the state treasury and credit to the "Gaming Proceeds for Education Fund," raising a projected $35 million.
Approximately $5 million in funds from the sports wagering tax would go into a fund to help compulsive gamblers and the rest would go to public school and higher education programs.
Child tax credits Bipartisan support and a State of the State address plug by Parson helped two bills, SB 742 and HB 1488, which would add provisions allowing for tax credits related to child care services to reach the Senate floor for consideration.
However, opposition from Freedom Caucus members of the Senate stalled action both in an effort to advance bills they felt deserved more priority and out of a general dislike of tax credits. The Senate version is sponsored by Sen. Lauren Arthur, D-Kansas City, while the House bill is sponsored by Rep. Brenda Shields, R-St. Joseph.
Protecting IVF House and Senate bills to protect in vitro fertilization clinics got a flurry of attention but did not advance following an Alabama state court ruling that relied on a state abortion ban to restrict in vitro fertilization clinics.
The Missouri Court of Appeals in St. Louis ruled in 2016 that IVF-created embryos were a matter of “marital property of special order.” This has provided legal protection for doctors and patients in the IVF field.
However, that court ruling cited abortion protection offered by Roe Vs. Wade, which was overturned in 2022. With Missouri having a similar abortion ban to the one in Alabama, leading advocates and lawmakers alike are concerned about what could lie ahead.
Sen. Tracy McCreery, D-Olivette, filed SB 1486 which would specify that Missouri's abortion ban does not have a definition that includes in vitro fertilization embryos that have not been implanted in a body. Rep. Bill Allen, R-Kansas City, filed House Bill 2845 which states that the IVF process is protected under law and no one can be prosecuted for undergoing or administrating IVF.
Here is what happened to other legislative topics that garnered attention during the session but did not pass:
Protections for pesticide maker: HB 2763, sponsored by Rep. Dane Diehl, R-Butler, would have protected pesticide manufacturers from claims that they failed to warn consumers of possible cancer risks in their products as long as the federal Environmental Protection Agency has approved those products.
Much of the debate before the House approved the bill focused on Bayer, the company with U.S. headquarters in St. Louis that purchased Monsanto, the original manufacturer of RoundUp pesticide. According to The Associated Press, the company is seeking to stem a tide of lawsuits claiming that Bayer’s products cause cancer.
Diehl, a farmer, said he drafted the legislation out of fear that Bayer would be forced to pull RoundUp off of the market, harming farmers ability to grow crops. The bill never made it to the Senate floor for consideration.
Presidential primaries: New voting laws passed in 2022 eliminated the presidential primary in Missouri. Following low voter turnout in this year’s Republican presidential caucus, SB 1120 and HB 2618, which would reinstate presidential primaries, passed out of their respective committees. The House bill passed with amendments that would create new residency restrictions for candidates vying for U.S. Congress. Ultimately, neither bill got floor consideration.
The Taylor Swift Act: Bills in both the House and Senate sought to address the impact of problematic images created by artificial intelligence but did not make it into law. While ten states provide some form of retribution for this type of crime, only Minnesota and New York statutes allow for both civil and criminal relief.
The Taylor Swift Act, House Bill 2573, offered by Rep. Adam Schwadron, R-St. Charles, targeted fake pornographic images. The bill was approved by the Special Committee on Innovation and Technology but never received a floor vote. The name of the bill referred to explicit AI-created images of the singer that went viral in January.
A similar bill, Senate Bill 1424, sponsored by Sen. Travis Fitzwater, R-Holts Summit, did not get a hearing.
Media Literacy: Companion bills, House Bill 1513 and Senate Bill 1311, aimed to teach students about media and digital literacy. Neither bill advanced.
Danny's Law: Legislation that sought to protect 911 callers from prosecution when calling to report a hazing incident stalled in the House. The bill was named after former University of Missouri student Danny Santulli, who suffered irreparable brain damage after drinking too much when pledging a fraternity at MU in the fall of 2021.
Danny’s Law was meant to offer exoneration to those involved in hazing incidents if they’re the first to call for emergency help.
“As the mother of three college-age men, I understand this is a major issue,” said Rep. Jo Doll, D-St. Louis, who spoke during a March 7 committee hearing. “It’s really important to give kids the ability to call 911 without being afraid of the consequences to them.”
Protecting major water users: House Bill 2669, which sought to limit information being released to the public about major water users, was approved by a House committee but failed to get a floor vote. The bill was meant to protect the information of Missouri’s family farmers and would keep information about individually identifiable water users from being disclosed to the public.
Highway Commission changes: A bill, House Bill 2568, that would have changed the makeup of the Missouri Highways & Transportation Commission was voted down in a committee in Apri. Two other bills that would have either changed the makeup of the commission or done away with it altogether failed to move forward after being the subject of public hearings in early February.
Nursing restrictions: Missouri is one of only a few states not to allow nurse practitioners to practice independently without the authority of a physician. A House committee passed an amended version of one bill, HB 1773, sponsored by Rep. Chad Perkins, R-Bowling Green, that would allow nurses to practice independently after 6,000 hours of work under a physician's supervision. The bill was never placed on the House calendar, a roadblock which some nurses point to opposition from House Floor Leader Rep. Jonathan Patterson, R-Lee’s Summit.
Dmitry Martirosov, Molly Miller, Aidan Pittman, Grant Green and Madeline Shannon contributed to this story.
Cover image: State Representative Chantelle Nickson-Clark(cq) throws her papers at the end of the legislative session on Friday, May 17, 2024 at the Statehouse in Jefferson City. Nickson-Clark was the first Black woman elected to represent District 67 in St. Louis County in Nov. 2022.
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2024.05.18 14:44 Prestigious-Ad469 Dogecoin Market cap 🧢 for dummies

Dogecoin Market cap 🧢 for dummies
Ladies and gentlemen shibes, today I want to share with you my humble view regarding the current state of the global economy and the potential consequences for the US dollar. Hyperinflation is a real threat to the dollar's value, and it's essential to understand the factors that contribute to this risk and how Dogecoin can be a possible solution.
In today's economic landscape The Chinese have understood this. They keep smiling, downloading dollars, and buying gold. They are not following the US's lead. They are building their own economic chain on the solid precious metal, gold.
Gold Standard and Debt-Based Currency: the US dollar was once backed by gold reserves, which limited the government's ability to print new money without a corresponding increase in gold reserves. Since the US went off the gold standard in the 1970s, the dollar has been backed by debt itself, which has led to an increase in the money supply and a subsequent decrease in the value of the dollar. Perhaps you are not aware, but there exists a system larger than the Federal Reserve itself, known as the Eurodollar system. This system enables private banks outside of the US to create dollars without being audited. This system born in the 1970s. the Bank for International Settlements has stated that over 65 trillions dollars are missing: https://www.bloomberg.com/news/articles/2022-12-05/-missing-65-trillion-in-derivatives-dollar-debt-sparks-concern?embedded-checkout=true
China's strategy of selling off US bonds and the BRICS nations' development of a gold-backed digital currency further threatens the dollar's dominance. The dollar's demise would have a ripple effect on the global economy, making it essential to consider alternative forms of currency, such as Dogecoin.
In conclusion:
The way central banks handle the unsustainable debt crisis is akin to administering therapeutic killing on a terminal patient: they raise interest rates and destroy states, commercial banks, and the entire financial sector. They lower interest rates, and inflation destroys the purchasing power of currencies. There is no solution. Only administration of monetary stimulus on one hand and a turn of the screw on interest rates on the other, like administering a cocktail of medications to combat both symptoms and side effects. No one has ever been saved from pharmacological coma. Time is gained to not admit that the patient is already dead.
The integration of Dogecoin across the X ecosystem could potentially lead to a surge in its value, surpassing $1 and more. Doge at $35 is 0.25% of Global cap. Very small for being the world's largest financial institution. Critics who argue that market cap constraints would prevent this don't understand the complexities of economics.
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2024.05.18 14:22 Nervous-Resolution-8 If tonight Zimbru will win at the already champions Petrocub or if Sheriff will fail to beat Bălți,who got just a single draw away, Sheriff will finish outside of top 2 just for the 3rd time in their history

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2024.05.18 13:54 Tarzan_Diaz The commercial real estate market in the first quarter of 2024 has experienced a blend of challenges and opportunities across various sectors.

Interest Rates and Market Activity: High and volatile interest rates have continued to impact property values and transaction volumes. Elevated interest rates have made it difficult to achieve desirable returns, leading to a reduction in traditional market deals and an increase in opportunistic sales, where sellers need to transact out of necessity. The Federal Reserve has indicated potential rate cuts later in the year, which could improve market conditions by making debt more attractive and potentially increasing liquidity and transaction volumes.

Sector-Specific Insights:
Office Space: Demand recovery continues, but occupancy losses persist as companies evolve their office usage strategies. There is ongoing tension between the need for extensions by owners and lenders' preference for full refinancing, driven by the current high-interest rate environment.
Industrial and Medical Office: The industrial sector saw a 7.6% year-over-year increase in national in-place rents as of January 2024, while medical office rents are projected to rise modestly by 1.3% by the end of the year. Despite the elevated construction costs, these sectors remain relatively stable with consistent tenant inquiries and property tours.
Affordable Housing: The affordable housing sector remains robust, supported by recent legislative efforts like the Tax Relief for American Families and Workers Act of 2024, which aims to increase resources for affordable housing development. This sector continues to benefit from strong occupancy levels and accessible financing.
Market Outlook: The commercial real estate market is expected to continue its gradual correction throughout 2024. While the correction may be prolonged due to the nature of interest rate impacts, the fundamentals of various property sectors remain strong. Investors and stakeholders are advised to focus on value-add deals and to stay informed about potential legislative changes that could impact the market.
In summary, while the first quarter of 2024 has been challenging due to interest rates and liquidity issues, there are still positive signs in certain sectors, and future rate cuts could lead to improved conditions later in the year.
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2024.05.18 12:34 Normodox The palestinian trail of death and betrayal in the middle east;

The palestinian trail of death and betrayal in the middle east;
The betrayal of Kuwait by palestinians
On 2 August 1990, Iraq, ruled by dictator Saddam Hussein, launched an invasion of neighboring Kuwait and fully occupied the country within two days. Initially, Iraq ran the occupied territory under a puppet government before annexing it altogether.
Iraq accused Kuwait of drilling to steal Iraqi petroleum across the Iraq–Kuwait border and used that as reason to increase tensions and issue more and more threats and to finally start the war.
Many analysts thought the real reasons were instead Iraqi plans to steal Kuwait's large oil reserves, cancel a large debt Iraq owed Kuwait, and expand Iraqi power in the region. As at the time Iraq was still hurting from the years long war with Iran.
Palestinian betrayal At the time of the iraqi invasion of Kuwait hundreds of thousands of palestinians were living and working in Kuwait. Kuwait had welcomed them with open arms and they provided much needed labor in the country and made up almost 20 % of the population.
When Iraq invaded and occupied Kuwait, the Palestine Liberation Organization and Yasser Arafat turned on Kuwait though and supported Saddam Hussein which harmed relations with Kuwait.
The Palestinians believed supporting Iraq would be the best way to establish an independent Palestine after Saddam promised to confront Israel before the invasion.
The image of Palestinians in Kuwait was damaged after Saddam used the Arab Liberation Front and Palestinian Liberation Front (Abu Abbas Faction) in the occupation of Iraq. So through those groups palestinians actually helped Iraq with the invasion and occupation.
The war brought much destruction to Kuwait. When an international us led coalition started their attack to drive Iraq out of Kuwait, the Iraqi forces set many of Kuwait's oil wells on fire, causing a huge environmental disaster and a huge economic blow.
After the gulfwar the Kuwaiti people turned on the palestinian collaborators After the United States and their coalition removed Iraqi forces from Kuwait, hundreds of Palestinian youth were killed and/or tortured by Kuwaiti resistance. Palestinians were victims of arbitrary detentions as part of a collective punishment of the Palestinian community.
Palestinian expulsion from Kuwait After the war Kuwait expelled Palestinians living in the country in what is known as the Palestinian exodus from Kuwait (1990–91). Palestinians were fired from government jobs and expelled from educational institutions. The Palestinian population shrunk from 400 thousand to 20 thousand. Kuwait also closed the Embassy of Palestine. At that time there were 600 thousand Kuwaitis in Kuwait.
In 2004, Mahmoud Abbas made formal apology to Kuwait for siding with Iraq in the Gulf War.] Previously, Al Tayeb Abdul Rahim, had refused to apologize and stated Kuwait made the Palestinians suffer.
Present day relations with palestinians Today in word the kuwaiti government supports the palestinian cause. Just recently Salem Abdullah Al-Jaber Al-Sabah, Minister of Foreign Affairs of Kuwait, called for an end to the 2023 Israel–Hamas war, aid to be provided to the Palestinians, and establishment of an independent Palestinian State on 30 October 2023. Kuwaiti National Assembly discussed the war in Gaza criticizing Israel and the UN Security Council. Kuwait accused Israel of violating International law.
But despite this vocal support don't count on Kuwait taking in palestinians, they haven't forgotten what happened during the iraqi invasion.
Next up in this series; palestinians and Lebanon, Iran, Yemen, Egypt and Iraq
https://preview.redd.it/b1qvb4dlx51d1.png?width=1000&format=png&auto=webp&s=dfc46b2a784ad3285ec9268c38e1640d0de17ce5
https://preview.redd.it/jpt7lm5lx51d1.png?width=970&format=png&auto=webp&s=97c93a780b194226a0a303b0be98bdb2afdec785
https://x.com/iamBrianBJ/status/1791778275234136106
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2024.05.18 12:00 ValuableTailor2755 Climate predictions continue to fail. Liars are being exposed. Hypocrites are being outed. The scam is falling apart. Only those who profit from it, and their useful idiot disciples keep it alive.

Climate predictions continue to fail. Liars are being exposed. Hypocrites are being outed. The scam is falling apart. Only those who profit from it, and their useful idiot disciples keep it alive. submitted by ValuableTailor2755 to conspiracy [link] [comments]


2024.05.18 11:17 tristanfinn US: Stuck on Stupid, Biden and the Democrats Face Disaster in November – by Stewart Lawrence – 17 May 2024

https://xenagoguevicene.wordpress.com/2024/05/17/us-stuck-on-stupid-biden-and-the-democrats-face-disaster-in-november-by-stewart-lawrence-17-may-2024/
“Let them eat cake,” Marie Antoinette once famously said, disdaining the immiseration of peasants in pre-revolutionary France. Joe Biden didn’t use those exact words last week during his interview with CNN’s Erin Burnett, but his tone-deafness about the suffering of millions of Americans grappling with high food and gas prices and unaffordable rents was palpable.
Burnett did her best to allow Biden the opportunity to address voters with a measure of simple empathy – but Old Joe was having none of it. When Burnett gently suggested that Americans weren’t feeling the vaunted “recovery” the White House keeps touting, Biden all but insisted that Americans were simply wrong – and needed to buck up.
It was an embarrassing performance, and coming on the heels of Donald Trump’s remarkable mass rally in Jersey City in the midst of his trial in the Stormy Daniels case, it suggests that the White House is sinking deeper into denial about its prospects for losing – and losing big – in November.
Despite weeks of campaigning and TV ad buys in the key swing states – outspending Trump by a whopping 13-1, while the former president is largely sidelined – Biden hasn’t moved the needle in the polls. In fact, he appears to be losing ground. The latest NY Times/Siena poll has Trump up by a whopping 13 points in Nevada, 9 in Georgia, and 6 in Arizona, three states Biden carried in 2020. In Pennsylvania, where Biden recently barnstormed, Trump went from slightly behind to ahead by 3. Trump also inched up in Wisconsin, a state that many consider the pre-eminent 2024 bellwether.
Only in Michigan, where Biden clings to a 1 point lead, is there a fresh sliver of hope, and that could soon fade as the prospects for peace in Gaza slip further and further away.
Burnett’s willingness to challenge Biden on his administration’s economic performance is just one of the many signs that the mainstream media is unlikely to continue fronting for an administration that keeps gas-lighting voters with misleading data on jobs and GDP growth while a growing number of metrics point to the country’s continuing descent into full-blown stagflation.
By almost every indicator – from sagging consumer confidence and rising home prices to declining real wages and mass layoffs at major firms – Americans do not feel better off than they were during the heyday of the Trump administration – before COVID-19 and the mandated government shutdown all but destroyed the burgeoning economy, resulting in jobless numbers not seen since the Great Depression.
A large number of those jobs – maybe three-quarters – have since returned, but those are hardly jobs that Biden “created” from scratch. Americans, still traumatized by the COVID experience, are grateful for a return to a semblance of “normalcy.” But they hardly credit Biden for putting America back on a solid footing. Unemployment at 3.9%? Perhaps, but many Americans are working two jobs that still don’t pay enough to feed their families, while a record number of those without jobs are homeless – with an increase of 12% between 2022 and 2023 alone.
America, of course, has never been just one country economically, current trends mask the continuing divide. Some, in fact, were protected during COVID and large corporations reaped billions. And though funded through deepening consumer debt, the fortunes of some are now improving. But what many analysts don’t recognize is that a disproportionate share of the nouveau riche and comfortably salaried professionals, especially in government and health care, are now Democrats, not Republicans. The party may still be the “party of the working class” when it comes to the labor aristocracy in the trade unions – but those workers represent less than 10% of the total workforce. Many blue-collar workers – even a goodly share (close to half) of those in unions like the UAW – have drifted to the Trump camp, while the greater mass of non-union workers are voting GOP, and indeed, have done so for years. These voters generally don’t eat cake – not the fancy stuff, at least.
And their ranks now include a growing number of Hispanics and African Americans, especially men, who find Trump’s angry macho posturing appealing, or least comforting. “Polls are just polls,” Democrats keep saying, but we haven’t seen numbers like this since…..well ever. Trump could end up with well over 20% of the Black vote, besting the historic percentages reached by the Nixon-Ford regimes in the 1970s. And amazingly, if current trends hold, he might well take close to 50% of the Hispanic vote –besting George W. Bush’s former record of 41% in 2004, and completely reversing the more recent 2-1 – and even 3-1 – Democratic voting trend. Hispanics interviewed in Larino-rich swing states like Arizona and Nevada tell reporters a simple truth: they can’t afford the rising price of beans and tortillas, their family staple.
Something is happening to the U.S. electorate that goes far beyond Joe Biden. The old “Obama coalition” – the one that analysts John Judis and Ruy Texeira famously predicted – or, at least hoped – would become a “permanent” Democratic majority – is falling apart. It’s not just the large-scale defection of workers of colors, but of youth. Amazingly, Trump, in most polls, is now leading or tied with Biden among 18-29 year old voters, completely reversing the president’s former advantage. And while Biden leads strongly among women, some polls have the gap surprisingly narrow, while Trump’s lead among men remains wide. While the GOP is not about to become the “populist multicultural working-class coalition” that Republicans like Marco Rubio still fantasize about, Democrats are in danger of losing their once broad demographic support, giving Trump and GOP a fresh opening not just in 2024 – but well beyond.
The good news? Signs of a serious freak-out — and even a potential meltdown – about Biden’s prospects in November – once dismissed as mere “bed-wetting” – are finally appearing among party pooh-bahs. Witness the remarkable drunken rant of former Clinton strategist James Carville posted on Twitter last week. Never one to mince words, an angry and exasperated Carville bemoaned the continuing slide of Biden in the polls and confessed that “nothing is working” to convince disaffected Democratic voters to return to the fold. “You can prepare and you can be on TV, you can write pieces, you can have a YouTube channel, you can have a podcast…and it doesn’t matter. Everything we’re throwing is spaghetti at a wall, and none of it is sticking, me included,” he fumed.
Another staunch Biden supporter, CNN’s Farid Zakaria, also took to the airwaves to issue his own stern warning about Biden’s rapidly diminishing prospects. In a blistering six minute review, he listed one area after another where Trump’s political resurrection and standing with voters is exceeding expectations, noting that a landslide win – including a popular vote victory – by Trump in November was looming. Zakaria even broke with the party line on Trump’s presumed “criminality.” suggesting that the four legal trials aimed at discrediting the former president were largely motivated by simple politics, not a concern for justice. “I doubt a criminal indictment in New York would have been brought against a defendant whose name wasn’t Donald Trump,” he deadpanned.
Could all this dire hand-wringing lead to another public call for Biden to step down? That seems highly unlikely for now. Top White House apologists like Simon Rosneberg and Jim Messina continue to insist that Biden is simply suffering from the usual presidential first-term blues – disaffection at the base combined with pre-general election apathy among all voters. Sustained outreach coupled with a persistent hammering of the challenger can turn things around, they say. Once voters realize what the real stakes are – democracy, abortion rights, climate change – and the threat posed by Trump, they’ll surely pull a lever for Biden, even if it’s not with great enthusiasm.
It sounds logical – but the accumulating evidence strongly suggests otherwise. Most voters do question Trump’s commitment to upholding democracy, but nearly as many now question Biden’s. And by a wide margin, they also rate Trump as a stronger and more effective leader. Trump enjoys a 10 to 20-point edge over Biden on the handling of the economy overall, inflation, immigration, crime and foreign and defense policy which are also deemed by voters to be the nation’s top issues. Dismissing this perception – and support for Trump generally – as a form of irrational “nostalgia”– as pro-Biden pundits continue to do, is self-defeating. 2024 wasn’t destined to become a classic “change” election – not with a current incumbent battling a former scandal-ridden one – but that’s what it’s becoming. By all appearances, 2024 is now Donald Trump’s to lose.
Of course, there’s still six months left before the election – and “anything can happen.” But anything includes a further deterioration of Biden’s position. One election-year wild card Democrats clearly didn’t count on was Gaza, which has only compounded voter concerns about Biden’s weakness on the world stage. The chimera of a pending peace may have helped Biden in the polls in Michigan recently – the one battleground where he’s gained ground just slightly – but it’s unlikely to last. Despite mounting pressure from the White House– or perhaps because of it – Netanyahu is digging in his heels and will likely stall in any deal until November, hoping that Trump wins and gives Israel a freer hand to prosecute the war as it sees fit. By trying to have it both ways – castigating Netanyahu publicly, while sending massive new amounts of military aid, Biden has managed to alienate Arab-Americans and Jews both, while leaving many undecided voters both aghast at the carnage and dismayed by Biden’s obvious pandering to both sides.
“Genocide Joe” and the Democrats could well face a decline in support thirty highly competitive congressional districts where the Arab-American vote (though relatively small nationally) is large enough to make a difference, and not just in Michigan. But a loss of support among the much larger and traditionally Democrat-leaning Jewish population – concentrated heavily in the four main “Blue” states, California, Florida, New York and New Jersey – could also weigh heavily on key House and Senate races. And if Trump is right – God forbid – it could even help put New Jersey – where Biden won by 16 points in 2020 – in play for the first time in years.
“We need to do something completely different,” Carville moaned at the conclusion of his recent Twitter rant, before wandering, Biden-like, off camera. But from all appearances, the Democrats, right now, have no Plan B. Not in Gaza or anywhere else.
Biden’s apologists insist on comparing his re-election prospects to Obama’s in 2012, when a once-popular incumbent began sinking in the polls, and for six months prior to the election, seemed headed to defeat, only to pull out of his tailspin, thanks to Bill Clinton and Hurricane Sandy. But the more obvious if daunting parallel might be Jimmy Carter’s predicament 30 years earlier. In 1980, Carter was saddled with domestic discontent over inflation, a general feeling of pessimism and malaise, and a series of intractable foreign policy challenges, including a never-ending hostage crisis. Ronald Reagan – whom Democrats derided as a right-wing “madman” – threatened Carter’s re-election. Democrats were clearly rattled by Reagan’s rise in the polls and decided to play it safe, pivoting to the center and closing ranks against Ted Kennedy, who enjoyed a fierce loyalty among liberals. There are eerie parallels to Biden’s predicament today, with another Kennedy RFK, Jr., Teddy’s nephew, stoking discontent. And of course, there’s another madman, Trump, fueling a right-wing insurgency – or in this case, resurgence.
Overconfidence and a misreading of the public mood killed Carter in the end. Right up to the final week of the campaign, he enjoyed a small but seemingly unshakable single-digit lead over Reagan.. Most pundits – and Carter’s senior advisors – confidently predicted victory. It was conceivable that voters would choose as their leader a man steeped in anticommunism, pro-life family policies while promising – much like Trump – to “make America great again.”
But Reagan won big. Capitalizing on a groundswell of discontent with Carter, even among Democrats missed by pollsters, the Gipper, ended up winning by a whopping 10 points, with a near-landslide in the electoral college. The party, shut out of power for the next 12 years, eventually recovered, but it wasn’t easy. Bill Clinton led the Democratic comeback, largely by moving the party even further to the right than Carter had. And America – saddled with Reagan’s legacy of militarism and free market fundamentalism for much of the past half century – has never been the same.
Is it really too late to reconsider Biden’s faltering candidacy? LBJ, facing antiwar opposition, pulled out before the Democratic convention in 1968, at roughly the same distance from the election that year. Democrats are headed for another potentially riotous convention – and in Chicago, no less – which will only further damage Biden’s standing with the public. Most Democrats, shocked by the prospects of Trump 2.0, are quietly loitering in the shadows, just holding their breath, while an increasingly emboldened right – championing their beleaguered King – is eagerly waiting to exhale.
Democrats, it seems, are destined to soldier on. They missed their chance to replace Biden painlessly months ago, and are now stuck on stupid. Barring a miracle, the price for their cowardice and lack of vision is likely to be severe.
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2024.05.18 10:07 spunchy M&B 2024 Lecture 1: The Four Prices of Money

M&B 2024 Lecture 1: The Four Prices of Money
For our schedule and links to other discussions, see the Money and Banking 2024 master post.
This is the discussion thread for Economics of Money and Banking Lecture 1: The Four Prices of Money.
This lecture provides context for the course and introduces us to Perry Mehrling's "Money View" framework. We practice using the balance sheet (T-account) as an analytical tool to help us understand the machinery of money, banking, and finance.
NOTE: The videos in this lecture have been arranged out of chronological order, so Mehrling sometimes refers back to something he hasn't talked about yet.

Part 1: The Big Picture

This course represents a challenge to Fischer Black's assertion we don't need a theory of money separate from the theory of finance. Black abstracts away from liquidity by assuming that perfect liquidity is free and happens automatically. By contrast, Mehrling insists that central banks have a role in managing the liquidity problems that financial markets naturally encounter.
Grounded in permanent, uncontroversial features of money, the Money View framework provides an ideologically neutral language and toolkit for discussing and analyzing money. Globalization, technology, and the forces of politics continually reshape the monetary landscape. But the underlying nature of money and banking remains constant.
We start with the question of financial globalization. In the decade-plus since he delivered these lectures, Mehrling has further integrated the international monetary system into his Money View. His 2022 book, Money and Empire: Charles P. Kindleberger and the Dollar System tells the story of how the US dollar found itself at the center of that system.
Global money has its own terminology. In particular, the term capital flow describes any cross-border flow of money not associated with the purchase or sale of goods and services. Whenever they happen to cross national borders, lending, borrowing, and the purchase and sale of financial assets, all represent capital flows. When I borrow abroad or sell financial assets, money flows toward me. That's a capital inflow. When I lend abroad or buy financial assets, that's a capital outflow.
In the lecture, Mehrling shares a list of his intellectual predecessors in the American and UK Banking traditions. Notably, he leaves off John Hicks, whose ideas, especially from his 1989 book "A Market Theory of Money," are central to the intellectual development of the Money View. We will discuss a few chapters from that book in the coming weeks.

Part 2: Prerequisites?

This course doesn't use much math. And you don't need an economics background to get something out of the material. If you're familiar with other ways of thinking about money and banking (and finance), these lectures will eventually connect up with those perspectives.
Instead of using conventional approaches for teaching Money and Banking by first applying theory, Mehrling builds out his Money View framework from an examination of banking practice. What model of the world do bankers need to have in their heads in order to stay in business?

Part 3: What is a Bank, a Shadow Bank, A Central Bank?

Here is the stylized balance sheet of a prototypical bank.
https://preview.redd.it/gt7d8qk8651d1.png?width=281&format=png&auto=webp&s=deadb0e839c3fe7d8617d8216071a21e64ffc1a1
Assets are always on the left side of the balance sheet, and liabilities are always on the right. The difference in value between assets and liabilities is net worth. Unlike other entries on the liability side of the balance sheet, net worth doesn't represent a commitment to pay a specific amount of money. Instead, we can think of net worth as an IOU to the bank owners for what's left over after all the bank's debts have been paid.
On the asset side of its balance sheet, the bank keeps a reserve of money available to settle immediate payment obligations. This reserve is monetary liquidity. As long as the bank has reserves it can spend down (0 < Reserves), it can meet its payment obligations. The bank is liquid. Without reserves, the bank would always have to receive money at the exact instant it needs to pay it out.
We will often use the terms money and cash to refer to the settlement instrument—that which can be spent directly to settle payment commitments. The settlement instrument will only ever appear on a balance sheet as an asset. The same instrument that serves as money for one entity may appear as a liability on the balance sheet of another entity, the issuer, but it is not money to the issuer. It is credit.
The term reserves refers to any reserve of money held as an asset. Above, I have emphasized the bank's reserves by italicizing and bolding the balance-sheet entry. I will follow the convention throughout the course of highlighting money as the settlement instrument.
Assets other than cash (money) represent promised or expected cash inflows. Liabilities represent commitments for future cash outflows. The balance-sheet structure alone does not describe the time pattern of these cash flows. Nor does it tell us about market liquidity, funding liquidity, or even the regulatory constraints on reserves. It is hard to see liquidity by looking at a balance sheet alone.
A balance sheet is solvent if its net worth—assets less liabilities—is greater than zero. However, there is no single correct way to determine the price of assets. Should we add up the total promised cash flows implied by the assets? Should we discount those cash flows based on how far into the future they occur? Should we weight them based on risk of default? When should we ignore all that and mark to market? That is, when does it make the most sense to value assets based on the price we could sell them for right now?
Solvency is often a matter of appearance, whereas liquidity imposes an actual constraint. If you can't make a payment, you're dead. Continued operation depends on liquidity, not solvency.
Let's look at two side-by-side balance sheets to see what happens when someone deposits cash in a bank.
https://preview.redd.it/nzakihfc651d1.png?width=780&format=png&auto=webp&s=430587d285c5bb0eeae1036e0b706bcc3455d353
On these balance sheets, "cash" refers to coins and notes—the physical currency you might keep in your wallet. For the depositor, both cash and bank deposits are money. For the bank, only the cash is money.
We can also show this transaction using payment arrows.
https://preview.redd.it/ybyopq6e651d1.png?width=338&format=png&auto=webp&s=c377ad6ccb9a8ec7c0bd897c4fd915dd220eafbd
Following Borja Clavero's color-coding convention, I've shaded the creation of deposits green to denote payment by issuance. I've shaded the transfer of cash yellow to denote payment by assignment.
In this transaction, the bank issues new deposits to buy cash from the depositor. The cash moves from the depositor to the bank. In terms of quadruple-entry accounting, we call it an asset intermediation because the depositor ends up holding an IOU for cash instead of the cash itself.
When the central bank issues new money, it expands its balance sheet on both sides, just like a private commercial bank.
https://preview.redd.it/uzljjhth651d1.png?width=795&format=png&auto=webp&s=97ab3698ea4ab6436c8968690f3683ed3eef4d93
The central bank is a bank. It's just not correct to say that the central bank is printing money. It's expanding both sides of the balance sheet at the same time. —Lecture
On these balance sheets, the word "reserves" refers to the deposit liabilities of the central bank. We call them reserves because the private banking sector uses these central bank deposits as its settlement reserve.
The term "reserves" can mean at least two different things:
  1. Monetary assets held to meet immediate payment obligations.
  2. The deposits a commercial bank has on account at the central bank.
The balance sheet mechanics here are identical to when a commercial bank takes a cash deposit. Just as the commercial bank issues deposits to buy cash, the central bank issues reserves to buy Treasuries.
But there are a few key differences not captured by the balance sheets:
  1. The central bank has replaced a non-monetary asset (Treasuries) with money (reserves).
  2. The price of Treasuries can move relative to reserves.
  3. The central bank is not passively standing ready to redeem reserves for Treasuries.
The central bank is, however, standing ready to redeem reserves for cash (and vice-versa). Just like reserves, cash is another liability of the central bank. Banks can decide which form of central-bank liabilities they want to hold as reserve assets. It can be any mix of cash and reserve deposits.
https://preview.redd.it/u710uojk651d1.png?width=822&format=png&auto=webp&s=87c659964567bcbdfaa22cabb7868bc678946749
The payment of cash to the central bank is shaded red to denote payment by set-off. The reserve issuance is, again, payment by issuance. These two payments, taken together as a transaction, constitute a refinance operation. The commercial bank shifts the form of its money reserve from one central-bank liability to another.
https://preview.redd.it/pcf3416m651d1.png?width=338&format=png&auto=webp&s=245d783727a0cb78558fbfcf130cd84bc1d58bb9
A shadow bank is like a bank, but its assets and liabilities are both market-based instruments. It borrows from the market and lends to the market.
Shadow banking is money-market funding of capital-market lending. —Perry Mehrling
The money market is the market for very short-term borrowing, often overnight. A borrower can use the money market in two different ways.
  1. To cover a temporary payments deficit.
  2. To fund a long-term position by continually rolling over (renewing) money-market borrowing.
Shadow banking uses the money market for the latter.
The capital market is the market for trading long-term securities such as stocks and bonds.
https://preview.redd.it/stlwdwtp651d1.png?width=553&format=png&auto=webp&s=3a982e14f6c92eea2f657ebe10f31cebd3da7029
Notice that there is no money (cash reserve) on the balance sheet of this stylized shadow bank. In real life, shadow banking occurs on the balance sheets of entities that do have some kind of cash reserve. But for the shadow banking activity itself, liquidity is less about cash reserves and more about the ability to roll over short-term money-market funding. Traditional banking leans more on monetary liquidity (reserve assets), but both types of banking rely heavily on funding liquidity and market liquidity.

Part 4: Central Themes?

Two key ideas:
  1. Banking as a payment system
  2. Banking as market making
The payment system requires liquidity. If you're not liquid, you can't make payments. And liquidity comes from market-making dealers.
Mehrling has a 2015 blog post, Why is money difficult?, that describes some of the motivation for explaining money. It covers some of the same ground as Warsaw Lecture 1.
In my teaching, I have come to appreciate a variety of barriers that people bring with them to the study of money, and to appreciate the necessity of bringing these barriers up to consciousness as part of the process of learning. —Perry Mehrling, Why is money difficult?
We can summarize the "alchemy of banking" as:
All banking is a swap of IOUs. —Perry Mehrling
Depending on how we define "banking" and "swap of IOUs," the above statement might be true or not. For example, one might reasonably suggest that simply taking cash deposits is a "banking activity" that does not constitute a "swap of IOUs."
Nevertheless, "swap of IOUs" captures something important about banking. Banks predominately lend through a mutual obligation with borrowers.
https://preview.redd.it/f9ck1bmu651d1.png?width=338&format=png&auto=webp&s=e5184582513346893e3f243ac2c313f190899d42
Both the bank and the borrower expand their balance sheet on both sides.
https://preview.redd.it/sy0mj2by651d1.png?width=783&format=png&auto=webp&s=032ce9676499e27172a209623a5c0ca8e8704757
Each party now owes the other something. And it holds the other's liabilities as assets. The deposit is the bank's debt to the borrower. The loan is the borrower's debt to the bank.
The bank's deposit liabilities are special because the borrower can spend them as money. The bank deposits are money to the borrower. The borrower generally can't spend its own debt directly. It must exchange its own liabilities for bank liabilities.
Imagine that I want to pay you money to buy some goods. If I have money, it just works.
https://preview.redd.it/9ofq8qq1751d1.png?width=338&format=png&auto=webp&s=aeaa2dcae347afa55d8634d8381c0462b5583750
I give you the money. You give me the goods in exchange. We've swapped assets.
https://preview.redd.it/b8ahjc83751d1.png?width=647&format=png&auto=webp&s=db34a3ff7a9706a51840fa1f100784217dee728f
If I don't have money, but you know me, then maybe you'll accept my IOU as payment.
https://preview.redd.it/ce118635751d1.png?width=338&format=png&auto=webp&s=fc8b101216ebc9da0ae64ed463901678955afb18
Here are the balance sheets.
https://preview.redd.it/udhhwm77751d1.png?width=714&format=png&auto=webp&s=0108f0215ca48df27dfb1e22dd207a6fea8dfafe
My IOU still isn't money, though. It can't be passed around as a general means of payment. Just because you accepted it as payment doesn't mean you can turn around and spend it again.
If you refuse my IOU as payment, I must find a way to transform it into something you will accept. A bank can help.
https://preview.redd.it/lvrafjaa751d1.png?width=1083&format=png&auto=webp&s=40b50f7cd6a60a6eb236afa00311bfc0abe55f49
Money now exists where none existed before. The bank has "monetized" my IOU.
It is perhaps easier to see what's happening with payment arrows.
https://preview.redd.it/muq5hc3d751d1.png?width=688&format=png&auto=webp&s=d411a8a5cfac0838cd2ca6261b15ef2dda286464
On the left, lending from the bank creates money for me (1). Then, I spend the money to pay you (2). On the right, you end up holding money, which is a liability of the bank. The bank ends up holding the loan, which is a liability of me—my IOU.
The four prices of money:
  • Par — the price of one money in terms of another money right now
  • Interest Rate — the price of money today in terms of money tomorrow
  • Exchange Rate — the price of domestic money in terms of foreign (international) money
  • Price Level — the price of money in terms of commodities/goods
Par
"One money in terms of another money" does not mean the relative price of two different currencies. That's the exchange rate. Instead, par is the relative price of instruments denominated in the same standard monetary unit. It is normally a fixed one-to-one relationship.
We expect a quantity of bank deposits to be redeemable for the same quantity of physical cash, or the same quantity of bank deposits in another bank. By allowing us to move freely between these different instruments, par facilitates the smooth functioning of the payment system. We only tend to notice par when it breaks.
A bank's balance sheet seemingly has money both as an asset (cash reserves) and as a liability (deposits). But only the cash reserves are money from the perspective of the bank. The bank is responsible for maintaining par between these two instruments.
Interest Rate
When two parties swap IOUs, the fact that one party pays the other a fee to enter into the mutual obligation gives us a clue as to which party wants access to the other's liabilities. We call that fee interest. And the interest rate is the price.
When I pay interest on a bank loan, I'm paying for a service. The bank's IOU (deposits) is worth something to me. Interest is what I pay to get it.
Exchange Rate
Today, the main international money is the US dollar. In the late 19th century, it was the pound sterling or gold. In any case, what matters is the relative price between the domestic monetary standard and the international monetary standard. For our purposes, the important feature of an international gold standard isn't the "gold" part so much as it is the "international standard" part.
A fixed exchange rate system is largely analogous to a single monetary standard with par relationships between instruments. Flexible exchange rates are more complicated. We will explore flexible exchange rates in the second half of the course.
Price Level
Notice that when Mehrling justified a role for the central bank, he said nothing about managing inflation. Mehrling emphasizes the price level the least of the four prices of money. This is partly because other economists tend to over-emphasize the price level. Nevertheless, money is meaningless unless it has some actual goods and services to buy. So we don't want to forget the price level entirely.
We also know that stabilizing the price level alone isn't enough to ensure stability of the financial system. By setting aside the price level—and assuming an unproblematic monetary standard—we can more easily explore certain features the system built on top of that standard, how they function, and why they break.

Part 5: Readings: Allyn Young

We will discuss this reading on Wednesday, May 22nd.
These four chapters represent only a tiny fraction of Young's 36 total encyclopedia articles for the 1924/1929 edition of The Book of Popular Science. You can read the rest—and more—in Money and Growth: Selected papers of Allyn Abbott Young Edited by Perry Mehrling and Roger Sandilands. I have not read the other chapters.
Please post any questions and comments below. We will have a one-hour live discussion of Lecture 1 and Lecture 2 on Monday, May 20th, at 2:00pm EDT.
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2024.05.18 09:58 pleasureismylife Why No-one Should Be Voting Republican in this Election

1--Republicans are supporting a candidate who believes the president is immune from crimes committed in office, and engaged in illegal activity to try to overturn the 2020 election
2--Trump added more to the national debt in four years than any president in modern history. Republicans’ obsession with cutting takes on wealthy Americans and corporations, while not cutting spending, will continue to balloon the deficit.
3--Trump’s tariffs drove up consumer prices, and his desire for more tariffs will further increase prices for consumers.
4--Republicans’ entire energy policy is “drill baby drill.” They have no plan to develop clean energy or any interest in creating a cleaner environment.
5--Trump has made our NATO allies wonder if they can count on us by encouraging Putin to attack those who don’t contribute more money.
6--Republicans are only interested in controlling immigration through executive order. They have no interest in passing the legislation necessary to fix the immigration problems of the country.
7--Republicans are fine with states passing laws that restrict or prohibit a woman’s right to an abortion.
8--Republicans have a terrible record on LGBTQ rights, and there’s no reason to believe it’s going to get any better.
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2024.05.18 09:00 coinfeeds-bot Today's Top #1: Welcome to the United Kingdom — Please hand over your crypto

tldr; The United Kingdom has implemented a new law allowing police and the National Crime Agency to seize cryptocurrency assets from suspects without arresting them. This change, effective from April 26, 2023, is part of amendments to the Economic Crime and Corporate Transparency Act 2023, which modifies the Proceeds of Crime Act 2002. Authorities can now also seize physical items related to crypto investigations and have the power to destroy crypto assets deemed not conducive to the public good. This move aims to combat money laundering but raises concerns about asset seizure without evidence of a crime, potentially compromising civil liberties and due process.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
https://www.reddit.com/CryptoCurrency/comments/1ctzn2q/welcome_to_the_united_kingdom_please_hand_ove
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