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Tuesday, January 24, 2023

Usain Bolt Chose Jamaica - His Home, and Lost!

BOLT CHOSE HOME AND LOST!


Bolt who could live anywhere in earth, and hold his finances anywhere, chose to stick to home and to live and work in retirement from Jamaica; generating a “Jamaica cool” brand based on his global image!


By Gilbert Morris


Usain Bolt Lost Million$ In Jamaica
Usain Bolt won 8 gold medals in 3 Olympics, earning $119 million dollars.  For this he gave in training 20 years.


Usain Bolt and his lady Jamaica teammates kept eyes of the world on them and off the biblical violence in Jamaica for at least 7 yrs!


They promoted Jamaica and carried the flag!


This allowed Jamaican brand to be reborn globally.  Bolt who could live anywhere in earth, and hold his finances anywhere, chose to stick to home and to live and work in retirement from Jamaica; generating a “Jamaica cool” brand based on his global image!


Now he has lost $12 million of his income to theft!


But this is not the first sign of trouble: Jamaica is a stratified society in which - like Barbados - some light-skinned (plantation-dwelling) Jamaicans held themselves as superior to Bolt and when he bought his home in a posh neighbourhood, they tried to run him out.  (Ca Newry have our light skinned people in check in The Bahamas).


If the Jamaican authorities fail to fix this situation - they should have confiscated/sequestered all company assets by now - Bolt will earn more millions, but during this year’s global track and field season, all the commentary will be about how Jamaica is so corrupt and crooked…they destroy their greatest global icon since Bob Marley and Butch Stewart!


Source

Tuesday, December 27, 2022

I like Money Online Investment, but...

I like Money Online Investment, but One Day Soon I Want to Say that I love Money Online Investment, because...


By Dennis Dames
December 27, 2022


MoneyOnlineInvest has great profit-making potential for its faithful clients
According to https://www.trustpilot.com/review/moneyonlineinvestment.com - MoneyOnlineInvest has poor reviews. Out of 102 participants - its ratings are as follows: 17% gave the program 5 stars, 6% rated it with 4 stars, 2% gave it 3 stars, 0% for 2 stars, and the vast majority of 75% rated it with one star.
One customer wrote the following review: "Bad Investement I ever had with this platform? realy steal your money as well as your dividends you make in shares, I highly do not recomand this platform, I leaving with more than $200 left behind me." - Date of experience: November 10, 2022 -
Another expressed the following: "Be careful. This site has no contact details. Pays at first. But notice you pay in more than you receive. I had $1 260 but couldn't withdraw without paying more. Now after 2 years I can't log in. Resetting password I get: "Error:Unfortunately, this account cannot be restored because a security question for this account has not been established before". I was a member 6+ years and never ever got any replies on queries. If someone has the contact details be free to post it. As no one has it. This is a automated site and you will lose more than you receive. Sorry TrustPilot even the email you send this review to doesn't exist! Test it yourself and prove me right. - Date of experience: July 30, 2022 -
One favorable customer/reviewer said: "Moneyonlineinvestment.com is a good platform for everyone to make some cash and is not get rich quick platform, they operate base on points which means you need a points before you can make a withdrawal and every activity you do partake in on the platform you get a points. Then you can proceed and make your withdrawal. Thank you!!!" - Date of experience: April 08, 2022 -
I recommend all who are interested in joining MoneyOnlineInvestment.com to read more of the reviews about the program at, https://www.trustpilot.com/review/moneyonlineinvestment.com

My Personal Views and Experiences On MoneyOnlineInvestment as An Active Customer of The Program.


I have invested about $900.00 in MoneyOnlineInvestment.com about threes years ago. I have withdrawn more than $300.00 to date, I have a balance of more than $1,300.00 on my account, and the value of my shares today is $1,635.47.
DAD Writes about  MoneyOnlineInvestment.com
I have discovered that there is no such thing as instant withdrawal - despite the program advertisements stating so. They continue to move the goalposts in this regard. This is one of the reasons why the good image of the program is taking a negative hit in customers’ ratings.
Another issue is that customers cannot freely use their respective cash balances on the exchange to purchase more shares or invest in another small business startup. One has to meet a certain point criteria to do so; even though it’s their own money!
MoneyOnlineInvestment.com is presently not a customer-friendly Internet business. It is a centralized digital stock exchange where the principals appear to be using customer funds on the backend for their selfish purposes.
The principals of MoneOnlineInvestment.com need to see the wisdom and prudence of becoming more customer focused. Indeed, the customers should come first, and the necessary policies must be put in place to ensure this.
I have stuck with MoneyOnlineInvestment, because I see the enormous potential in it - like others do. They need to interact with us clients better - starting with answering Emails, and paying more attention to the concerns of the clients base generally.
DAD Tells about MoneyOnlineInvestment.com
They have provided every customer with a personal wall to express themselves accordingly as it relates to the program. This is a great thing; but interacting more with us who show trust in the program is even more greater for so many obvious and profitable reasons.
The image of the program must change for lasting success for all concerned. Honesty and interigty are still the best policies for business survival, and the customers must come first - else the program will eventually die a slow death.
Join me and other good folks in this program, and let's work together to help make MoneyOnlineInvestment.com what it should be; which is a leading synthetic stock exchange on the worldwide Web. The fact that it still exists after all these years - shows that it is doing something right.
It simply needs some fine-tuning which its dedicated customers can help with. Join us in making this a fruitful reality. Make a modest investment in it like I and others have done; and lets encourage others to do the same.
This is where we increase our points in the program without having to invest more funds. Then we can use our respective balances to invest in more and more small Online enterprises throughout the world. It's a noble concept that I like others wholeheartedly embrace.
DAD Still has Faith In MoneyOnlineInvestment.com
As our point balances increase, we can also decide to withdraw a satisying portion of it to our PayPal accounts or to our trustworthy Crypto Currency Wallets etc.
Sign up through my MoneyOnlineInvest Referral Link: http://moneyonlineinvestment.com/r/393116 and let's Network and collaborate to assist in making the program lucrative for all and sundry involved.
Send me an E-mail when you have done so at: dennisdames@gmail.com
All the best of success on the Net.

http://moneyonlineinvestment.com/r/393116 

Saturday, December 10, 2022

It Is Time To End The Cuban Embargo And Restore Commerce and Trade!

"THE CUBAN EMBARGO SHOULD BE STOPPED!"

By: Dr. Kevin Turnquest-Alcena


The Bahamas Dr. Kevin Turnquest-Alcena
After 50 years as an organization, the Caricom has been ineffective at having the Cuban embargo lifted. It’s a travesty that America is still trying to weaponize Cuba in this modern day and time.

To my inquiring readers, what is an embargo one may ask? Well, according to Wikipedia it is, “the partial or complete prohibition of commerce and trade with a particular country or state or group of countries.” Four countries the Bureau of Industry and Security (BIS) have implemented U.S. sanctions against are: Cuba, Iran, North Korea, and Syria.

The continuous and age old assault on Cuba is tantamount to immoral conduct. They are willing to work with countries such as: Vietnam, whom they were at war with and China because of some benefit to them, then why not Cuba?

We have to collectively find a way for America to understand that Cuba needs to be a part of and coexist with the global community. It is time America realizes Cuba’s political system, as well as the structure of how Cuba achieves its revolution is not going to disappear.

Robert Zubrin stated that, “The U.S. trade embargo on Cuba is almost completely ineffective, as many other countries, including the European Union, do not honor it.” The Biden Administration must consider the realities of the Cuban people. Yes, the there are some deep geo-politics in regards to individuals who do not like what is going on in Cuba, but it does not negate the fact that this issue needs to be readdressed.

Former President Barak Obama understood the need for open dialogue about the embargo as was stated in his address to the Cuban people during his visit to Havana. He said that, “...on December 17th 2014, President Castro and I announced that the United States and Cuba would begin a process to normalize relations between our countries. Since then, we have established diplomatic relations and opened embassies. We've begun initiatives to cooperate on health and agriculture, education and law enforcement. We've reached agreements to restore direct flights and mail service. We've expanded commercial ties, and increased the capacity of Americans to travel and do business in Cuba.”

In February 1962, President John F. Kennedy proclaimed an embargo on trade between the United States and Cuba, in response to certain actions taken by the Cuban Government, and directed the Departments of Commerce and the Treasury to implement the embargo. The Cuban embargo solely exists because they stand in solidarity, choosing to operate their political system the way they want.

This continued condemnation by America is unjust and inhumane, especially for a country that promotes freedom of speech. This embargo has majorly impacted the Cuban economy and has resulted in a $144 billion loss in the trading economy.

While the ultimate goal of the embargo was to cripple the economy and force President Fidel Castro’s hand in changing his style of governing, all efforts have failed in this respect.

The embargo limits the people of Cuba from accessing the internet to support their small businesses, take online U.S. courses, and use financial services like PayPal, yet Cuba has continued to exist and survive without the support of the American government.

America claims that the embargo is for the betterment of the Cuban people, yet it does more harm to the people than good. Its licensing requirements prevent food, medicine, medical equipment and humanitarian aid assistance from reaching Cubans.

Nonetheless, these restrictions have only encouraged the Cuban people to be innovative in their approach to taking care of the citizens of their country. Cuba managed to develop its own COVID-19 vaccine. Their development included the research, production, and rollout of the vaccine, which resulted in a 90% vaccination rate.

Cuba has educated Africa and The Caribbean in medicine and engineering, just to name a few. They now have over 2,000 institutes as result of the 1959 revolution.

Cuba has developed one of the best healthcare systems in the world. This was achieved by instituting 23 medical schools and educating those students for free. This has resulted in one of the highest doctor to patient ratios in the world, 8 for every 1,000 citizen.

Gender equality is also held in high regard with women having just has much opportunities for education as men. Cuba ranks second in the world in terms of most female representation in the country’s main governing body with a Congress that is 53 percent female. Education is the under lying cause of such achievements with Cuba having a 96% literacy rate.

So, the real question is, has the embargo really attained its goal of suppressing the Cuban country? Has it really achieved its aim of stopping trade with other countries?

The resounding answer is No! Daniel 2:21 says, “And he changeth the times and the seasons: he removeth kings, and setteth up kings: he giveth wisdom unto the wise, and knowledge to them that know understanding:”

Hence, this then begs the question as to what is America’s present goal for reinforcing the embargo? What purpose does it really serve for continuing their separation from Cuba? Would it not be more beneficial and useful if they worked with Cuba, rather than against them?

The reality is after 60 years of oppressing Cuba through the embargo, it has still not altered their political systems and way of life. As Allison Pujol writer for The Michigan Daily said, “Cuba’s heads of states recognized fairly quickly that the United States was not essential to the island’s economic future. And thus, like the embargo, Cuba’s one-party system has remained intact with little to no visible change.” I end with the words of the man at the center of it all: “Capitalism has no moral and ethical values: everything is for sale... it is impossible to educate people in such an environment: people become selfish, and sometimes turn into bandits” (Fidel Castro).

Saturday, November 26, 2022

Every International Financial Centre (IFC) Should Repeal Every Forced Legalisation Motivated By Any EU/OECD Imitative

Every EU/OECD/FATF Initiative is Illegal


International Financial Centres (IFCs) should form an (OPEC style) organisation and propose a set of universal rules for financial centres


EUROPEAN COURT OF JUSTICE REJECTS EU DICTAT ON BENEFICIAL OWNERSHIP!

By Professor Gilbert Morris

Professor Morris on Illegal EU,OECD and FATF Initiatives
I won’t say: “I told you so!”
But since it’s promulgation - here and elsewhere - I have rejected the EU’s beneficial ownership initiative as illegal, bogus, unconstitutional wherever adopted and counter to the rules on international agreements in the Vienna Convention on Treaties 1969.
That imitative, like 99% of the EU/OECD/FATF initiatives are:
1. One-sided fiats
2. Secured by threats and one-sided goalpost moving blackmail through Blacklists
3. Unconstitutional
4. Anathema to the multilateral system
5. Undermines basic common law privacy
6. Usurpative and biased
7. Lacked mutuality
International Financial Centres (IFC) - particularly in the Caribbean - will rejoice at this ruling like mistreated children scavenging for crumbs!
But in fact, they had NOTHING to do with it. In every jurisdiction over the decades, I’ve argued that their Attoney’s General should file cases. But, they were all prepared to capitulate as usual; none of them sufficiently schooled in their own constitutions as it relates to the geopolitics of financial centres, and none seemed committed to their sovereign capacity. Instead, all seemed ready with cowardly excuses as to why capitulating was better than standing on constitutional authority and trade rules, upon which - I’ve argued tirelessly - financial centres should be based.
I argued further for 23 years: every EU/OECD/FATF initiative is illegal.
That’s not because I wished to defend lazy capitulating IFCs. Rather, it’s because as citizens of our countries and the world, we must exercise care for the global financial system and its multilateral network by demanding adherence to defensible rules applied to all alike.
As I said a few months ago in an article for IFC Review Journal “every IFC should repeal every forced legalisation motivated by any EU/OECD imitative.”
Additionally and I repeat: IFCs should form an (OPEC style) organisation and propose a set of universal rules for financial centres.
This case is proof that the rule of law approach was right and has been right all along. A lawless sense of superiority on the one hand and cowardice on the other hand permitted it to run so long!

Tuesday, November 15, 2022

FTX Ventures was a large money sink

CEO of Alameda explained how they lost it all


All-Hands meeting:


The Alameda/FTX Story in a nutshell
At the all hands meeting, Caroline revealed the truth.  A little over a year ago, FTX started spending a lot of money.  Various investing shell companies set up w/ FTX or Alameda names were created, some known most unknown, that invested in various illiquid assets that no one in the firm or FTX knew about.  

FTX Ventures was a large money sink.  These various illiquid assets were also money sinks.  I think one of the investments was like 1bb on a crypto mining company that went bankrupt?  Alameda had also bought out Binance’s stake in FTX for ~1-2bb.

FTX was buying luxury apartments in The Bahamas, building an office in The Bahamas and then currently in the middie of building a newer, costlier office that would be in the shape of an F. Stadium naming rights, advertisements, endorsements also aren't cheap. 

It's important to note that at this point in time, none of the user funds had been touched and this had all come from mainly from Alameda loaning FTX money and being given FTT as collateral.  Alameda was able to loan so much money to FTX partly because they just had a lot of money, but also because they had many loans themsevies from lenders such as Genesis. 

Getting loans at that time was generally pretty easy.  There is where the hole in the balance sheet came from Around 6 months ago. 

LUNA crashed to 0, sending reverberations across the crypto world as they wiped out ~800bb in market value.  Alameda didn't actually lose much money directly from Luna crashing, in fact they were probably net short at the time of the crash.  

However, the Luna crash caused many firms to become liquidated, the most notable one being 3 Arrows Capital(3AC).  3AC had taken out a ton of loans (see point above about loans being easy to get), and 3AC defaulting caused a lot of these loaners to go bankrupt.  

This event created what is known as the “credit crunch”.  In the credit crunch, many loaners suddenly recalled all of their loans just to see who was still liquid.  

Alameda lost a lot from giving out loans to firms who defaulted.  Alameda was now also on the hook for money they didn't have, since they had given a lot of the loan money to FTX or had lost it loaning to now bankrupt counterparties.  

SBF had two choices at this point, let Alameda get liquidated or send user money from FTX to ensure Alameda’s survival.  

As you read online, SBF chose the latter.  From this point onwards, it was just a ticking time bomb before the truth was found out and both FTX and Alameda liquidated.  

No one at FTX or Alameda knew how much was spent and that FTX user funds had been used to save Alameda.  All the credit crunch did was expedite how quickly FTX/Alameda's frivolous spending would be found out.  Caroline painted Alameda and FTX getting liquidated as a likely event rather than a tail event (which would've been helpful to know before they hired me...).  

It was also revealed at this time that Binance had stepped away from their deal to acquire FTX, citing that the hole in the balance sheet was too big to fill.

Monday, November 7, 2022

Cohesion to confront polarization economically, socially and politically

Polarization Matters Less Than Bridges



By Adri├ín Contursi - Luis Porto:


Polarization Matters Less Than Bridges
The term polarization has traditionally been used in political studies to describe an expansion in the distance between the two political parties that make up the majority of voters in a country.  The process of polarization, on the other hand, refers to the positioning of these communities of actors towards opposite ends of an axis (left-right, liberal-conservative, among others).  

In literature two types of polarization are distinguished, one that is social (or affective) and the other is issue-based.  Social polarization refers to the increase in social distance between political parties.  It is composed of three phenomena: greater partisan bias, greater emotional reactivity and greater activism.  On the other hand, issue-based polarization refers to the traditional concept of polarization, indicating an increasing distance between parties' average positions on specific issues. 

On the other hand, network theory illustrates the importance of gaps and bridges in the structure of relationships.  Relationship networks are social structures in which actors form connections and interact with each other. Through social interactions and network structure, multiple processes and phenomena occur such as information cascades, herd behaviour, the emergence and evolution of social norms, learning and contagion are a few of the most important ones. 

If we stop at contagions, it is worth noting that the morphology of the network matters.

How do information, ideas and behaviours spread?   Simple and complex contagions 


A simple contagion, for example, is how information or a virus spreads in social interactions and in the network of relationships.  A weak relationship is enough for it to spread. 

Complex contagion, on the other hand, is a contagion that involves some kind of personal risk, whether financial, psychological or reputational.  People's behavior and behavioral change is linked to complex contagion.  In this type of contagion, relationships must be strong between people, in general there is a sense of shared identity, of belonging, to family, friends, club, political party...  In the topology of networks strong relationships matter because they promote intimacy and trust because people become responsible for their actions and that fosters solidarity and cooperation. 

More important than emotional triggers, it is social reinforcement in redundant groups that facilitates complex contagion, and politicians have been shown to be complex contagions. 

But since reinforcing or changing behavior requires redundancy, weak relationships are important if they link us to identity groups, to communities, that reinforce the behavior of one's community.  These weak connections between groups can be very important in reinforcing or counterbalancing ideas, beliefs, behaviors. 

These connections between groups is what is called the width of the network, they are the bridges between different communities and are crucial because of their counterbalancing role.  Simple contagions occur through weak relationships but complex contagions occur through redundancy and overlapping clusters and strong relationships, but the more connected to different groups a person is, the more difficult it becomes to convince them due to counterbalancing influences. 

Consequently, for the purposes of analyzing political polarization behavior, it is not only the poles that matter, but also the bridges, the weak connections, between the poles.  The concept of bridges refers to the fact that, if these relationships are erased, each member of each community loses contact with the other community.  

Within each community, identity group, pole, network interactions reinforce one's belief system and make it difficult to reach consensus on conflicting issues with other poles; something called "motivated reasoning bias”.  That is, the more we are criticized, the more we become locked in defense in silos, in politically homogeneous and polarized echo chambers.  

Enmization, the "them or us" is related to polarization but it is not a product of it but of the frame of reference of each identity that generates this "them" or "us".  It is the result of few bridges between the poles. 

A simplified way of presenting the extent to which polarization becomes a problem is then on two axes: number of poles and number of bridges. 


And from this double-entry matrix, a typology can be created.

Social media platforms illustrate this. 

The following are infospaces of the Twitter network for different countries in election circumstances distributed in the four quadrants, according to the previous matrix.  [View Here]

The Twitter infospaces correspond to countries that match the proposed typology.  

The upper quadrant presents the grid of a polarized country with recurrent conflict and violence.  [View Here]

In the upper left quadrant is the network in a country with many factions and few bridges, which is reflected in its parliament and suffers from a lack of governance, also recurrent.  [View Here] 

In the lower left quadrant is a country with many factions but also many bridges.  Without being a perfect pluralism, it is very similar.  [View Here]

Finally, in the lower right quadrant, three poles are shown.  However, the purple community is not a political community but a community of outside accounts.  The pink and orange communities are political and show a large number of bridges between them.  It is a country always considered in high positions in the rankings of different indicators of Democracy.  In addition to the large number of bridges, it has another characteristic common to countries with strong democratic institutions, and that is precisely the low capacity of external actors to influence internal actors.  [View Here]  

In short, polarization in political science has always been associated with the tendency to divide society into extreme positions and to actual and potential conflict.  However, the illustrations presented in this article show that two elements have to come together for actual or potential conflict to appear: the extreme positions and the bridges between them.  

Bridges are also important for governance even when there is pluralism of positions so that this does not turn into factionalism.  Bridges that ensure greater density of relations between interest groups at the economic level, identity groups at the social level and ideological families at the political level. Bridges and fabrics.


Social cohesion understood "as the strength, quality and diversity of relationships between individuals, groups and communities, together with the links between society and the state, markets and other institutions, all based on trust, respect, mutuality and equality of opportunity, for the dignity and well-being of each person and the common good of all".  Cohesion to confront polarization, economically, socially and politically.

Tuesday, October 18, 2022

The Poverty Pandemic

Correcting course to accelerate poverty reduction

By MARI ELKA PANGESTU


On End Poverty Day we must respond to current challenges in ways that do not further impoverish the poor today and focus on creating opportunities that they can enjoy tomorrow.


End The Poverty Pandemic - Restore Commerce
On End Poverty Day this year, it’s hard to find cause for celebration.  The COVID19 pandemic triggered a historic setback, pushing 70 million people into extreme poverty in 2020 – the largest one-year increase in three decades.  

The war in Ukraine deepened the global economic slowdown, which is now in its steepest decline following a post-recession recovery since 1970.  At this rate, nearly 7 percent of the world’s population – almost 600 million people – will still be struggling in extreme poverty in 2030.   

Whilst the picture is sobering, it is a wake-up call for us to think and act to correct course. It’s important to remember that many of the development challenges we face today did not start with the pandemic.  Riding on the momentum to build back better, it’s a good time to review deficiencies of past policies and underinvestment.  

We must correct course now across a comprehensive range of policies and step-up global cooperation for a lasting recovery to move towards green, resilient, and inclusive development.  

In any crisis, it is the poor that are hit hardest.  According to the latest World Bank analysis, the poorest people bore the steepest costs of the COVID19 pandemic: income losses averaged 4% for the poorest 40%, double the losses of the wealthiest 20% of the income distribution.  

It is the poor who do not have the resources to cope.  During the pandemic, strong fiscal policy measures did help to protect poor and vulnerable people, but poor countries were less successful than rich countries.  With less to spend, low- and lower-middle income economies offset barely a quarter of the impact on poverty.

What may be even more worrying are the long-term consequences of multiple overlapping crises, which could worsen poverty in the near future if we do not accelerate action.  Losses in learning and human capital, as well as climate change are among the most critical.

Losses in Learning and human capital: As a result of prolonged school closures and shocks to household incomes during the pandemic, learning poverty has increased by a third in low- and middle-income countries.  This means that an estimated 70% of 10-year-olds are unable to understand a simple written text. 

Today’s students could lose 10 percent of their future average annual earnings as a result.  Youth have also suffered a loss in human capital, in terms of both skills and jobs. 

Short-term declines in youth employment can lead to more frequent unemployment spells, lower future wages, and increased social unrest.  Beyond reducing incomes, the decline in human capital will lead to lower productivity and less inclusion for decades to come, hindering growth, increasing poverty and inequality.

These trends can be reversed if countries act quickly and decisively, guided by evidence on what works.  We must keep schools open, assess students and match instruction to their levels, streamline the curriculum and focus on foundations  - especially literacy, numeracy, and core socioemotional skills.  And we need to create a national political commitment for learning recovery, guided by credible measurement of learning.  We must not forget to invest in girls’ education – which may well be the highest-return investment available in the developing world.

Climate change: The climate crisis is already here, and it could push an additional 132 million people into poverty by 2030.  The adverse consequences of climate change—water scarcity, crop failure, food insecurity, economic shocks, migration, and displacement— can multiply threats by exacerbating conflict, reducing economic opportunities and social cohesion, as well as straining public institutions.

We need to make sure that climate is integrated into development and ensure a well-managed ‘just’ transition towards clean energy sources in a way that protects people, communities, and the environment.  

Developing countries face a triple penalty – they pay more to provide electricity services; they are locked out of economical clean energy projects; and they are locked-in to fossil fuel projects with high and volatile variable costs.  We will need impactful programs and projects, adequate public policies, and significantly increased funding from multiple sources. Countries need to also invest in adaptation and resilience.

A resilient recovery will depend on a wide range of policies, including fiscal reforms that reorient spending away from subsidies toward support targeted to poor and vulnerable groups, and improvements in efficiency and efficacy.  Prioritizing long-term growth requires appropriate investments in crisis readiness, too. 

COVID19 showed us how progress achieved over decades can vanish overnight when such readiness is lacking.  Public investments that support long-run development, such as investments in human capital of young people or investments in infrastructure as well as research and development can have a positive impact on growth, inequality and poverty decades later.

We must respond to current challenges in ways that do not further impoverish the poor today and focus on creating opportunities that they can enjoy tomorrow.


Source