What’s the BIG freak-in deal with countries wanting any part of Afghanistan? Why did Russia invade such a desolate place and why would the United States partner with Afghanistan to push Russia out of that country. The answer my friends is NOT Afghanistan’s pristine beaches or Michelin Star Restaurants, it’s natural resources. In fact, Afghanistan […]
There is no secret that China is currently looking for alternative means to grow its economy and sustain itself for generations to come just as General Mao attempted in 1957. He believed that the State and not market forces should dictate how the country is managed. During his tenure General Mao initiated the Great Leap […]
There is nothing flawed about international trade in principal. Lets look at the second largest economy in the world, China https://www.worldbank.org/en/country/china/overviewand its trading partners in the West. China began initiating market reforms in 1978, which included moving from a centrally planned market to a market based economy. As a result of its efforts China has seen […]
When the U.S. commercialized the oil and gas industry it also fought to ensure that its position as the leading provider of oil and gas remained unfettered. During the industrial revolution Standard Oil Company, a U.S. based oil and gas conglomerate, initially operated as a Trust Company and later as a Holding Company. It was […]
Global trading has come a long way from what it use to be, which entailed the barter system. Nation States use to trade goods for supplies, which transitioned into trading commodities for those items. Now Nation States are trading a third category of export, services, which have ballooned into the billions of dollars in the […]
China and the U.S. are among some of the countries vying to secure a stake in Africa’s natural resources, but each of those States are employing very different methods to achieve its goal. China has a See No Evil Still See No Evil Policy regarding corruption in African States and conditions its aid assistance on a quid pro quo basis. In exchange for favorable terms regarding Aid, Greenfield Investments and trade deals coupled with the sale/extraction of natural resources, China gives African State unrestricted monies to use or do with it as it sees fit.
China is working to make the Yuan the international currency of trade, by approving international hubs where its currency can be exchanged/converted directly into the Yuan as opposed to first converting a States’ currency into the U.S. Dollar. Currency hubs are now located in such places as Australia, Hong Kong, Taipei, Singapore, Paris, Seoul, London and Frankfurt.