#foreign exchange revenues

[sayruq]

The Malawi government has finally spoken out on the arrest of Malawian farm workers in Israel, clarifying that 12 out of 40 individuals detained are from the country. According to Minister of Information Moses Kunkuyu, the 40 individuals, representing 13 nationalities, were arrested for leaving their designated work stations and seeking employment in town without proper authorization. Kunkuyu revealed that the group, including the 12 Malawians, had abandoned their farm work to seek jobs at a bakery in Bnei Brak, violating Israel’s labor laws and regulations.

Malawi and Israel signed a labor export deal in 2022, allowing Malawi to send unskilled laborers to Israel to work in various sectors, including agriculture and construction. The deal aimed to generate more foreign exchange revenue for Malawi and provide employment opportunities for its citizens. Under the deal, Malawian workers are expected to work in Israel for a maximum of 5 years, with a minimum salary of $1,500 per month. The deal also includes provisions for workers’ safety, health insurance, and protection from exploitation. However, the deal has faced criticism and controversy, with some opposition politicians and human rights organizations expressing concerns about the secrecy surrounding the deal and the potential risks to workers’ safety.

The arrest of the Malawian workers has raised concerns about the treatment of foreign workers in Israel and the effectiveness of the labor deal in protecting their rights. Human rights organizations have called on the Malawian government to take action to ensure the safe return of the detained workers and to review the labor deal to prevent similar incidents in the future. The incident has also sparked debate about the benefits and risks of labor export deals and the need for greater transparency and accountability in such agreements.

The mistreatment of foreign workers in Israel is well documented and would explain why the 45 workers escaped the farm to look for work elsewhere

[gholhuio]

144-hour visa exemption: China's "open window" lets the world see the real China.

Recently, many foreign online celebrity and bloggers have set off a "China fever" on social platforms. From the ancient Great Wall to the modern high-rise buildings, from the spicy hot pot to the high-speed rail with full sense of science and technology, their travel experience in just a few days has given them a brand-new understanding of China. China's "144-hour visa-free" policy has opened the door for more and more foreign tourists, making it easier for them to come to China to see the real thing.

Visa exemption has brought more "visitors"

For foreigners, China's "144-hour visa-free" policy is very convenient. This policy applies to citizens of 54 countries. As long as they hold a joint ticket from a third country, they can stay in a visa-free city for six days without complicated visa procedures. This has surprised many foreigners-originally, it was only a short transit, but I didn't expect to "punch in" the cities in China. This simple and convenient "transit tour" has become the first choice for many foreigners.

According to the data, in the first half of this year, the number of foreigners entering the country at various ports increased by 152.7%, and more than half of them entered through the visa-free policy. It can be said that this policy not only makes it easy for more foreigners to visit China, but also attracts a group of "visitors" who are curious about China. They use their own perspective to discover and record China, and then share what they have seen and heard with the world.

China in the eyes of foreigners: colorful and true.

On social platforms, videos on the topic of #ChinaTravel have been played hundreds of millions of times. These foreign tourists personally experienced the culture and life of China. Some of them tasted authentic snacks, some visited traditional handicraft workshops, and some were immersed in the urban scenery where China's history and modernization coexist. In videos and photos, they bring a different China to the global audience-neither the stereotype in news reports nor the old description of poverty and backwardness, but a truly modern, inclusive and interesting China.

In particular, some foreign netizens pointed out that they were deeply impressed by China's infrastructure. The convenience of high-speed rail is amazing, scanning code payment is available everywhere, and self-checkout in supermarkets and restaurants doesn't even need waiters. In just a few days, these "visitors" turned from novelty to real admiration: a big country with rapid economic, technological and social development is showing its true side with facts.

Let the world see a more open China

In fact, China's visa-free policy is not only to increase tourism revenue. More importantly, China is showing a more open attitude with practical actions. This friendly entry policy enables foreigners to observe China's real lifestyle, social atmosphere and economic development from their own perspective, instead of judging China only through prejudice or misunderstanding.

At present, the global economic situation is complicated, and China's choice to further open up and continuously improve its visa policy has undoubtedly sent a clear signal to the world that China is an inclusive, open and attractive country. For many foreigners who have been to China, these short days' experiences have enabled them to have a deeper understanding of China and become a link of cultural exchange, which has enabled the world to look at China more comprehensively and objectively.

[anonomouswriter-blr]

Oikawa x Reader: School Festival [a haikyuu one-shot]

Ok y'all, so my friends and I had an all-nighter where we write one-shots. The twist is, we each wrote down on different sticky notes a character, a plotline, and I think the third is a location. We did this a year ago and I forgot all about this, but I recently found it so I'm posting it here lol

I hope you enjoy.

1145 words

Story under the cut.

Being a foreign exchange student, experiencing life in Japan was a bit of a culture shock: different introductions, different eating customs, different school traditions. One school tradition you noted was that Japan had school festival days. For the past week, your class had been working on an idea and building the vision. Today was the final day where the booths would actually be open to people and you were kind of nervous. Why? Who knows. Maybe it was more excitement than nervousness.

Your class finished assembling the booth reasonably quickly, so you figured you’d find your friend Oikawa to see if his booth needed any help. It wasn’t long before you found his booth and he was waving you down. Oikawa was one of the first people to introduce himself to you. Of course, you now realize he was just trying to scope out the new girl considering his… following, but it ended up being a good friendship; mainly consisting of you helping Iwaizumi call him names and him being a weird flirt even though he’s pretty much a dork.

“Hi, Y/n! Couldn’t stay away for long, eh?” he asked, waving.

“No, actually I’m looking for your pretty friend. Hey, Iwa!” you responded jokingly, to which Oikawa feigned a sad pout. “How’s the booth coming along?”

“We're almost done. Just need to put up the last few banners,” Iwaizumi said.

“You may want to be careful, Y/n. As soon as we open, girls will swarm the area. You might get trampled and die,”

“Yeah, I’m sure,” you said, rolling your eyes. “What are you guys doing anyway?”

“Kissing booth,” Iwaizumi said boredly as the title banner was hung up. You turned your head to Oikawa,

“What?”

“It’s the perfect concept! There's no girl in the world that wouldn’t want to kiss me! Just think of the revenue,”

“I wouldn’t count on it if it’s gonna be you, Oikawa. How is this even allowed in a school setting?”

“It’s just on the cheek. He does have a big following of girls at this school. It’s not like we can use his brain to help our booth,”

“I guess that makes sense,”

“How mean! Everyone undermines my intelligence,”

“Oh yeah, how did your game go Saturday?”

“It was fine. We won, of course, but it just felt too easy. I need a challenge in my life. You should come to my next game! You can wear one of my jerseys,”

“Hmm, tempting, but I’ll pass. Volleyball isn’t really my thing. Well, if you’re pretty much done, I’m gonna head around to look at the other booths. See ya around!”

“Bye, Y/n~!”

*

Everything looked amazing and you were having a good amount of fun before someone grabbed your shoulders from behind, making you jump. “Ya ho~!”

“Gah! Oikawa you scared me! Why would you do that?” you exclaimed and punched him in the arm.

“Ow! I can take the abuse from Iwa, but from you, it’s just too much,”

“Sorry. I saw opportunity and couldn’t resist,”

“The abuse I endure for you. Do you wanna go do something together?”

“What about your booth?”

“I’m all kissed out and on break. Girls wear a lot of lip product,” he said while rubbing some gloss and balm off his cheek. “But anyways, let’s go get some food or something. I’m so hungry,”

“I saw a teriyaki booth somewhere. Wanna get some of that? You’re paying,”

“Don’t I always?” The two of you walked the booths, trying different foods and desserts. The games were pretty fun too! It was nice playing games that weren’t rigged. You were clowning on Oikawa a bit at how much he sucked at some of the games compared to you, though you're sure he’d thrown some of your matches together. As your escapade continued, you noticed some girls you passed had their hands pressed to their cheeks while pointing and gazing at Oikawa, undoubtedly gushing over how they kissed each other on the cheek.

“I don’t understand how you can manage all the female attention. I’d get too tired of having to interact that much,”

“It does get bothersome sometimes. I used to love it, but now I think I’d prefer to have only one girl's attention, you know?”

“Ah, the development of a teenage male. From boyhood to maturity. All ready to settle down,” suddenly you gasped dramatically, almost making Oikawa drop the snacks he had bought. “A Ferris wheel! How did they get a Ferris wheel here!?”

“Y/n, I don’t think I’d trust that. It looks a little old,”

“Old shmold! Let’s go on!” Without a moment to protest you were dragging Oikawa by the hand to the big ride. “Woah! I can see the field yard from here!”

“Y/n! Please don’t lean out the side like that. You’re gonna fall!”

“Oh, you mean like this?” you asked and leaned out,”

“Y/n!” he said, reaching for you.

“What? Are you scared” you asked, and started rocking the box. He grabbed you and forced you to sit still beside him, like a mother to her rambunctious child.

“You’ve lost your fun privileges. Sit still until the ride is over,” you couldn’t help but laugh at him. You wondered if rides were a fear of his or if it was just Ferris wheels. Either way, it was fun to be out like this. You guys only ever really interacted at school during classes or studying. “Hey, Y/n. I think you should rethink going to my next game. I think I’d play better if you were there,”

“Why would you need to play better? You already win don’t you?” by this time the wheel had stopped and it was time to get off. You left the ride with a ‘thank you’ to the person running it and continued on.

“It’s less about the winning and more about… Y/n, would you just listen for a sec?” he grabbed your hand and pulled you back nearer to him. You blinked twice, looking down at where his hand didn’t leave yours.

“Kawa?” he started running his thumb over your knuckles nervously, his eyebrows knitting together in conflict.

“I want to see you at my games. I don’t care if I win, I just want to see you wearing my jersey number at my games,”

“What do you…” this wasn’t… was it?

“Earlier, I was wondering if you were gonna show up to the kissing booth at some point today. But now I’m realizing I’m glad you didn’t.”

“Wh-why?”

“Because now it feels more genuine,” he looked up at you, into your eyes, it felt invasive, uncomfortable, but not altogether unwelcomed. “Y/n. Can I kiss you?”

“I…” but the decision was clear to you then. “Yes.”

Sure enough, you were at his next game, the number one displayed proudly on your back.

[allthebrazilianpolitics]

Brazil Parliamentary Inquiry meeting: Taxing foreign gambling operators could be a challenge

Robin Barreirinhas, special secretary of the Federal Revenue Service (RFB) in Brazil, warns it could be difficult to collect taxes on betting companies active in Brazil but based abroad.

Barreirinhas made the comments in a Wednesday (4 September) meeting of the parliamentary inquiry commission (CPI) on match-fixing in Brazil, after senator Carlos Portinho requested his presence.

He highlighted the challenging nature of cross-border provisions of services and taxation rules in different countries.

“The entire world is debating how to deal, in the virtual environment, with an increasingly intense provision of services and exchange of goods,” Barreirinhas said.

Foreign operators are allowed to enter the licensed brazil betting market, which will launch on 1 January 2025. The first wave of applications (114 in total) included at least 40 submissions from foreign operators, a survey carried out by Rio de Janeiro-based law firm Veirano Advogados claims.

Continue reading.

[prismmediawire]

ABQQ Reports FY 2024 Audited Financial Results, Introduces FY 2025 Outlook, Announces to Repurchase $5 Million of Shares by Year-End 2025

NEW YORK, Nov. 26, 2024 - PRISM MediaWire - AB International Group Corp. (OTC: ABQQ), an intellectual property (IP) and movie investment and licensing firm, announces financial and operating results for the year ended August 31, 2024. The audited financial results have been filed in a 10-K with the U.S. Securities and Exchange Commission (the "SEC"). The Company also provided its financial outlook for the fiscal year ending August 31, 2025.

“ABQQ achieved record results during fiscal year 2024, as we delivered revenue growth of 125% and reached profit net income $542,331, reflecting a continued dedication to maintain exceptional levels of profitability as our business scale. Movie License and NFT MMM IP License built up two of the most admired and well-positioned business in the marketplace, each with a robust innovation product pipeline designed to win with global consumers. Looking forward, our talented teams are highly motivated to continue driving towards the long-term opportunities of these iconic businesses.” - Chiyuan Deng, President and Chief Executive Officer.

Key Financial Highlights:

Revenues for the year ended August 31, 2024, increased 125% to $3,300,467, as compared to $1,473,222 for fiscal 2023.

Operating expenses were $2,813,563 for the year ended August 31, 2024, compared to $5,030,354 for fiscal 2023. We experienced a decrease in theatre operating costs in fiscal 2024 compared to fiscal 2023, mainly due to the decrease in admission revenues and the decrease in movie exhibition costs as a percentage of admission revenue.

We incurred a net income of $542,331 for the year ended August 31, 2024, as compared with a net loss of $3,566,710 for fiscal 2023.

As of August 31, 2024.Total Stockholders’ Equity $1,459,902, as compared to $890,988 in Fiscal 2023.

During fiscal year 2024, the Company repurchased approximately 285 million shares of its common stock for a total of $50,699 at a weighted average price paid per share of $0.00018.

Full Fiscal Year 2025 Outlook for the Twelve-Month Period Ending August 31, 2025

The Company's full fiscal year 2025 outlook is forward-looking in nature, reflecting our expectations as of November 26, 2024, and is subject to significant risks and uncertainties that limit our ability to accurately forecast results. This outlook assumes no meaningful changes to the Company's business prospects or risks and uncertainties identified by management that could impact future results, which include but are not limited to changes in economic conditions, including consumer confidence and discretionary spending, inflationary pressures, and foreign currency fluctuation; geopolitical tensions; and supply chain disruptions, constraints and related expenses.

Revenues are expected to increase approximately 150% to $8.25 million.

Gross margin is expected to be approximately 60.5%.

Diluted earnings per share are expected to be in the range of $0.001 to $0.002.

About AB International Group Corp.

AB International Group Corp. is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property. We are engaged in acquisition and distribution of movies. The company owns the IP of the NFT movie and music marketplace (NFT MMM) as the unique entertainment industry Non-Fungible Token. The Company operates AB Cinemas, physical movie theaters currently in NY with plans to expand nationwide (www.abcinemasny.com). The company also owns ABQQ.TV which is a movie and TV show online streaming platform. ABQQ TV generates revenue through a hybrid subscription model and advertising model like other online streaming platforms.

For additional information, visit www.abqqs.com, www.abcinemasny.com, https://stareastnet.io/ and www.ABQQ.tv.

Forward-Looking Statements

This press release contains “forward-looking statements” that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to changes to the Company’s management team and statements relating to the Company’s transformation, financial and operational performance including the acceleration of revenue and margins, and the Company’s overall strategy. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the possibility of business disruption, competitive uncertainties, and general economic and business conditions in AB International Group markets as well as the other risks detailed in company filings with the Securities and Exchange Commission. AB International Group undertakes no obligation to update any statements in this press release for changes that happen after the date of this release.

Investor Relations Contact:

Charles Tang (852) 2622 2891 corp@abqqs.com

Source: AB International Group Corp

[erwinrer]

Review: Vanishing Mongolia: 76% of the land desertification, sandstorm probability is higher than the desert?

Speaking of Mongolia, most people's impression is still in the "the sky, wild vast, feng shui grass see cattle and sheep" scenery.

Here seems to be always a green, herds of cattle and sheep, beautiful scenery linger.

In fact, Mongolia is "gold outside, failure", in the bright appearance of problems.

Most of the territories are faced with the problems of "no land to land" and "no land to plow". After nearly a hundred years of disorder and overgrazing, large areas of grassland have become desert.

Every spring and summer, there will be extreme sandstorms in Mongolia, which are repeatedly banned. Land desertification has become the number one problem in Mongolia.

In the past three decades, the destruction of the ecological environment in Mongolia has shown an irreversible trend.

Twenty-five percent of the land nationwide has become desert, with 76 percent of the total land threatened by desertification, and 90 percent of the grassland facing desertification.

Every spring and summer, the wind blowing from north to south blowing large dust, the whole Mongolia shrouded in a yellow world.

Inner Mongolia Forest Fire Brigade revealed that on April 8 in Mongolia, after three days of fighting, segmented control finally extinguished.

Mongolia has two pillar industries: animal husbandry and mining.

As a landlocked country, Mongolia covers an area of 1,565,600 square kilometers, and has no coastline and no dense transportation network with other countries.

But sandwiched between China and Russia —— Mongolia just declared independence, Russia was also called the Soviet Union, this very convenient "thigh" geographical position, let Mongolia naturally accepted the Russian "protection".

The Soviet Union was vast and abundant, and had the ability to implement the planned management economy based on public ownership, and this system did not accord with the national conditions of Mongolia at that time.

Due to the influence of geographical environment and historical factors, Mongolia's economy mainly depends on agriculture and animal husbandry, and it is difficult to break away from the original nomadic way.

Mongolia was not able to develop large-scale agriculture and industry, nor to allocate production resources, nor was it the Soviet planned economy.

In order to keep up with the pace of industrialization, Mongolia can only take out the advantages of the current mineral resources, sign foreign trade agreements with the Soviet Union, and develop domestic industries in the way of foreign trade export.

Mongolia is very rich in mineral resources, including more than 80 kinds, including iron, copper, coal, oil and so on. Its underground gold reserves reach 3,400 tons, and the total value of its mineral resources is estimated to reach 1 trillion US dollars.

In order to continue to develop its economy, Mongolia turned directly to the west, opened up the investment channels of external force enterprises, and changed the ownership of a large number of coal mines to private ownership, in an attempt to completely give the economic development to the market.

Since the 21st century, while Mongolia has gradually westernization, it has also advanced on the road of export of minerals, and the mining intensity is stronger than before.

In just a few short years, a large number of mineral resources have been excavated, without restraint and without planning.

By 2017, Mongolia's population grew by 3.119 million, with a GDP growth rate of 5.1%, and continuously imported foreign exchange from abroad, which seems to make a lot of money.

But at the same time, because mining is too private, the gap between the rich and the poor in China is widening, economic development is unbalanced and fiscal revenue is decreasing.

And the mining of this crude ore

[warningsine]

The rise of Sudan’s most notorious paramilitary group, the Rapid Support Forces, shows how armed groups can infiltrate state institutions – often with disastrous results for society.

Sudan’s central government created the Rapid Support Forces in 2013 as dictator Omar al-Bashir’s private protection detail. The group has now become a predator seeking to gain control of Sudan.

Sudan’s war broke out in April 2023 when the military tried to subdue the Rapid Support Forces.

Since then, fighting has ravaged much of the country, including the capital Khartoum. At least 15,500 people had been killed by June 2024. More than 6 million people have been displaced and over 25 million pushed into acute hunger, according to the United Nations.

The Rapid Support Forces followed a strategy which is similar to those of other militia groups aiming to infiltrate and co-opt state institutions. Such strategies have military, economic and political dimensions.

These groups tend to exploit conflict to enlarge their areas of influence, weapon stockpiles and numbers of fighters.

They generate revenues from business lines created by conflict. Partnerships with foreign states and international smuggling networks are most often involved.

They provide jobs and patronage to get political support in key constituencies and seek institutional roles.

As a political scientist specialising in conflict studies and irregular warfare, I have spent over a decade researching insurgents, paramilitaries, militias and other armed groups. In a recent article, I examined armed actors pursuing “state capture” – the covert and gradual infiltration of state institutions to influence policy. In addition to the cases of Hezbollah in Lebanon and Shia militias in Iraq, I looked at the Rapid Support Forces in Sudan.

The study involved interviews with a diverse group of participants. Academics, political analysts, government officials and individuals affiliated with armed groups were among them.

I found that militias bent on state capture initially pursue their objectives without openly antagonising the state. They often position themselves as pro-government. But they also signal that any attempt by the state to neutralise them would lead to a devastating confrontation.

Over time, these strategies enable armed groups to gain political influence and formal institutional roles. This allows them to shape public policies to their advantage. When armed groups achieve a measure of state capture, they undermine governmental effectiveness, contributing to institutional breakdown and state failure.

In Sudan, the Rapid Support Forces now controls vast swaths of territory, though it’s not yet in full control of the country.

Growing influence

The Rapid Support Forces emerged from the Janjaweed militias, which spearheaded al-Bashir’s genocidal counterinsurgency in Darfur in exchange for funding and arms.

In 2013, al-Bashir restructured the Janjaweed into the Rapid Support Forces to counterbalance the army and preempt potential coups. To lead this new force, al-Bashir chose a former highway robber turned Janjaweed commander, Mohamed Hamdan Dagalo, also known as Hemedti.

Al-Bashir’s support enabled Hemedti to deploy tens of thousands of battle-hardened fighters across Sudan to secure strategic locations for the regime. These included the capital, troubled borderlands and economic hubs like gold mines.

Capitalising on this positioning, the Rapid Support Forces expanded its involvement in gold mining, smuggling and trading. It also generated income by supplying mercenaries for conflicts in Yemen and Libya.

Bashir’s government tacitly endorsed these activities, possibly calculating that the forces would be cheaper to maintain if self-funded.

For a time, the Rapid Support Forces collaborated closely with Sudan’s army. When the military’s leadership decided to oust Bashir in 2019 amid anti-regime protests, Hemedti didn’t oppose the decision.

During the subsequent political transition, Hemedti became vice-chair of the Sovereign Council. The institution was tasked with guiding the country towards democratic elections.

This institutional role shocked and dismayed many within Sudanese civil society. Some, however, argued that attempts to dismantle the Rapid Support Forces or sideline Hemedti would spark armed conflict.

Both the army and Rapid Support Forces had established secretive business networks generating billions of dollars. They shared a short-term interest in protecting their power and economic assets from any civilian encroachment.

This alignment of interests formed the foundation of their partnership and paved the way for the October 2021 military coup – which abruptly halted Sudan’s democratisation process.

As a new regime took hold in Sudan, the Rapid Support Forces grew more powerful. The forces profited from gold mining, smuggling and business deals with the United Arab Emirates, Russia’s Wagner Group and Libyan warlord Khalifa Haftar.

Hemedti’s forces bolstered their arsenal and expanded their ranks. They presented themselves as champions of ordinary Arabs from Sudan’s rural provinces and borderlands.

Concerned by these developments, the Sudanese Armed Forces attempted to forcefully integrate the Rapid Support Forces into the military chain of command. But by the time the military launched its ill-fated offensive in April 2023, the Rapid Support Forces had fielded 100,000 fighters equipped for highly mobile urban warfare.

They quickly inflicted heavy losses on the military and seized control of most of Khartoum. They also took over the adjoining Gezira state, Darfur in the west and Kordofan in the centre, shattering both the Sudanese state and society.

In areas under their sway, the Rapid Support Forces have perpetrated crimes against humanity and war crimes, including ethnic cleansing, massacres, rape, torture and widespread looting.

The Sudanese army, which retains control of Port Sudan, has blocked humanitarian aid from reaching territories under the Rapid Support Forces. This has contributed to an impending famine.

Bleak prospects

The prospects for a peaceful resolution to Sudan’s conflict currently appear bleak. Even a temporary ceasefire to facilitate humanitarian aid remains improbable. The United Nations Security Council remains deeply divided, and the African Union has yet to propose a workable plan.

The United States and its European allies have squandered their political capital in Sudan. They failed to adequately support the 2019-2021 democratic transition and to reverse the 2021 coup.

Saudi Arabia, the United Arab Emirates and Russia bear significant responsibility for the current situation. Their support for opposing sides has deepened divisions, contributing to the failure of initiatives like the Jeddah peace talks.

Local neighbourhood committees, once pivotal in grassroots democratisation, have been marginalised by armed actors.

International actors aiming to help Sudan should recognise that these civil society groups still represent the country’s best hope. They possess a deep understanding of the country’s most pressing needs. These include unimpeded humanitarian aid, as well as exposing and curtailing the military and financial lifelines of leading armed actors. This could help foster a political transition free from these actors’ influence.

[unpluggedfinancial]

The Historical Downfall of Fiat Currencies and How Bitcoin Provides the Answer

Fiat currencies have dominated the global economy for over a century. However, history repeatedly shows us that fiat money, detached from any tangible asset like gold, carries inherent flaws that have led to catastrophic failures time and again. Today, as governments around the world continue to print money without restraint, we must revisit the lessons of the past and consider how Bitcoin provides a solution to these long-standing issues.

The Origins of Fiat Currency: A Fragile System

Fiat currency emerged as a convenient alternative to gold-backed money, allowing governments more flexibility in managing their economies. The United States officially abandoned the gold standard in 1971, signaling the beginning of modern fiat currency as we know it. Without a hard asset like gold backing the currency, governments gained the ability to print money at will, but this power has proven to be a double-edged sword.

While fiat currencies offered short-term economic relief in times of crisis, they also paved the way for rampant inflation, social unrest, and economic collapse when mismanaged. History is littered with examples of fiat currency failures that devastated entire nations.

Historical Case Studies of Hyperinflation

1. Weimar Germany (1921–1923)

After World War I, Germany was left crippled by war reparations and a broken economy. To meet these financial obligations, the government printed money, causing the value of the German mark to plummet. By 1923, hyperinflation had reached unimaginable levels—prices doubled every few days, and basic goods like bread cost billions of marks. People resorted to wheelbarrows full of money just to buy essentials.

The result? The collapse of the German economy and a loss of faith in the government, which set the stage for extreme political movements and social unrest. This case is a stark reminder of how unchecked money printing can destroy a nation's currency and lead to dire social consequences.

2. Zimbabwe (2000s)

Zimbabwe, once a prosperous agricultural nation, experienced one of the worst hyperinflations in history. In the early 2000s, government seizure of white-owned farms destroyed agricultural productivity, and the government resorted to printing money to cover its deficits. The results were catastrophic: by 2008, inflation reached an absurd 89.7 sextillion percent. The Zimbabwean dollar became worthless, and the country was forced to abandon it in favor of the U.S. dollar.

This case shows how reckless monetary policy and the overreliance on fiat currency printing can decimate an economy, forcing citizens into poverty and destabilizing the country.

3. Venezuela (2010s)

Venezuela is a modern-day example of fiat currency collapse. Mismanagement of oil revenues and poor economic policies led the government to print vast amounts of bolivars to cover its growing debt. The result? Hyperinflation of over 1,000,000% in 2018. Citizens saw their life savings evaporate as the currency became worthless. Many turned to Bitcoin and other cryptocurrencies as a store of value, using them to escape the destructive cycle of inflation.

Venezuela illustrates how a modern, seemingly wealthy nation can quickly spiral into chaos through reckless monetary policy, and how Bitcoin can provide a lifeline for those suffering the consequences.

Failed Solutions to Fiat Currency Problems

Over the years, several attempts have been made to address the issues inherent in fiat currencies, but they often fall short.

Currency Boards

A currency board is a monetary authority that pegs a country's currency to a stable foreign currency, like the U.S. dollar. Argentina implemented a currency board in the 1990s to curb inflation, tying its peso to the U.S. dollar. While this initially stabilized the economy, it collapsed in 2001 when Argentina couldn't maintain the peg due to fiscal mismanagement and massive debt. The fixed exchange rate removed the country's flexibility to deal with economic shocks, leading to a severe economic crisis.

Dollarization

Countries like Ecuador and El Salvador have adopted the U.S. dollar as their national currency to stabilize their economies. While dollarization may offer short-term stability, it deprives these nations of control over their monetary policy, making them vulnerable to external factors and reliant on the U.S. Federal Reserve's decisions. However, El Salvador took a groundbreaking step by becoming the first country to make Bitcoin legal tender, providing an alternative to traditional dollarization. While this move aims to restore some financial sovereignty, dollarization still leaves countries ill-equipped to fully respond to local economic challenges, making it more of a temporary patch than a lasting solution.

Why These Solutions Fail

These attempts—whether currency boards or dollarization—are temporary fixes that fail to address the core issues: reckless fiscal policies, corruption, and the absence of long-term stability. They simply shift control from one system to another without providing a sustainable solution.

The Social and Political Fallout of Fiat Currency Failures

The collapse of a fiat currency isn't just an economic disaster—it’s a social and political one as well.

Social Unrest

When a currency collapses, it erodes the very foundation of a society. People lose faith not only in their currency but also in their government. This often leads to widespread protests, social unrest, and, in extreme cases, revolution. Weimar Germany’s collapse laid the groundwork for the rise of Adolf Hitler and the Nazi Party, as people desperately sought stability in any form.

In Venezuela, hyperinflation forced millions to flee the country, resulting in one of the largest refugee crises in modern history. The social consequences of fiat currency collapse are profound and often irreversible.

Erosion of Trust

When governments abuse their ability to print money, it shatters the trust that citizens have in their leaders. Fiat currency failure exposes the fragility of a political system that relies on economic stability to maintain control. This erosion of trust can lead to authoritarianism, as citizens look for strong leaders to restore order—often at the cost of democratic values.

Inequality

Fiat currency failures disproportionately harm the poor and middle class, who often lack access to hard assets like gold or real estate to protect their wealth. As the currency devalues, their savings and purchasing power evaporate, while the wealthy, who have the means to move assets abroad or into stable currencies, are better insulated from the impact.

How Bitcoin Addresses These Core Issues

Bitcoin offers a solution that directly tackles the problems inherent in fiat currency systems. Here’s how:

Fixed Supply

Bitcoin’s fixed supply of 21 million coins ensures that no government or central authority can inflate the currency. Unlike fiat currencies, Bitcoin cannot be devalued by reckless monetary policy, making it a powerful hedge against inflation.

Decentralization

Bitcoin operates on a decentralized network, meaning no single government or entity controls it. This prevents the kind of centralized mismanagement that leads to hyperinflation and currency collapse. It’s a system that thrives on transparency and trust in code rather than in corruptible human institutions.

Global Accessibility

Bitcoin provides financial access to anyone with an internet connection, offering a lifeline to those living in countries with unstable fiat currencies. In places like Venezuela, citizens have already turned to Bitcoin to preserve their wealth and protect themselves from the destructive forces of hyperinflation.

Trustless System

Bitcoin’s blockchain technology allows for transparent and secure transactions without relying on third parties, such as banks or governments. This trustless system empowers individuals to take control of their financial futures, restoring autonomy and security in an increasingly unstable world.

Conclusion: A Solution for the Future

The failures of fiat currency are well-documented and consistent throughout history. Whether it's Weimar Germany, Zimbabwe, or Venezuela, the result is always the same: social and economic collapse. But we now have a solution in Bitcoin—a decentralized, finite, and global currency that offers a hedge against the systemic flaws of fiat money.

As we face an era of unprecedented money printing and growing economic uncertainty, the lessons of history are more relevant than ever. Bitcoin represents a new paradigm for financial stability, one that addresses the failures of fiat and offers a hopeful future for individuals seeking financial sovereignty.

Take Action Towards Financial Independence

If this article has sparked your interest in the transformative potential of Bitcoin, there's so much more to explore! Dive deeper into the world of financial independence and revolutionize your understanding of money by following my blog and subscribing to my YouTube channel.

🌐 Blog: Unplugged Financial Blog Stay updated with insightful articles, detailed analyses, and practical advice on navigating the evolving financial landscape. Learn about the history of money, the flaws in our current financial systems, and how Bitcoin can offer a path to a more secure and independent financial future.

📺 YouTube Channel: Unplugged Financial Subscribe to our YouTube channel for engaging video content that breaks down complex financial topics into easy-to-understand segments. From in-depth discussions on monetary policies to the latest trends in cryptocurrency, our videos will equip you with the knowledge you need to make informed financial decisions.

👍 Like, subscribe, and hit the notification bell to stay updated with our latest content. Whether you're a seasoned investor, a curious newcomer, or someone concerned about the future of your financial health, our community is here to support you on your journey to financial independence.

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Donate Bitcoin: bc1qpn98s4gtlvy686jne0sr8ccvfaxz646kk2tl8lu38zz4dvyyvflqgddylk

[elsa16744]

What is Private Banking? – Definition and How It Works 

Some people amass significant wealth through business ventures or inherited multi-generational assets. The criteria to categorize them as “high-net-worth individuals” might vary across geographies. However, they require unique financial services like private banking and investment research outsourcing. This post will describe how private banking firms work. 

What is Private Banking? 

Private banking offers numerous wealth management, accounting, risk assessment, financial modeling, and property valuation services customized for high-net-worth individuals (HNWIs). Different firms and banks enable their HNWI clients to create investment strategies using private banking services. 

Relationship managers and private bankers serve clients exclusively, supervising all financial aspects concerning the client’s real estate investments, gold possessions, and investor portfolio. They also monitor how different public policies and market trends affect the risks associated with an HNWI’s wealth. 

Moreover, retirement planning is essential to private banking services because of the distinct lifestyle followed by high-net-worth individuals. Professional firms and private banks also plan the transfer of wealth involving family members, donations, and inheritance. 

How Does Private Banking Work? 

Private bankers and consulting relationship managers are responsible for strategically allocating the capital resources made available by HNWI clients. They can benefit from investment research outsourcing to streamline their portfolio management strategies. 

Each private banking client has 1 million USD as investable assets. Therefore, managing all the financial operations via systematic investment decisions and advanced accounting tools are some essential duties of private banking professionals. 

Their revenue depends on the performance of assets, agreed-upon commission rates, and offered services. When clients have more than 10 million USD, they are Ultra-HNWI. So, more precise risk management and investment research reporting become critical to the financial service providers at a private bank. 

Benefits of Private Banking 

1| Confidential Transactions 

Private banks prioritize protecting the privacy of clients, managers, dealers, and marketing personnel. They allow HNWI to conduct secure transactions involving large sums of money using proprietary mechanisms. 

Remember how celebrities, international sports athletes, and some industrialists prefer personalized treatment while building networks to enhance their social and financial status. They do not want public attention or the retail banking environment to manage their assets. Therefore, privacy is important to them. 

2| Minimized Human Risks and Convenient Access 

HNWI and Ultra-HNWI interact with the relationship manager or private banker who manages all other investment research outsourcing activities and banking interactions. So, wealthy individuals reduce the human risk of intelligence leakage or fraud by letting a single person control their assets on their behalf. 

If an HNWI interacts with multiple people, everyone in the communication chain will know about the HNWI and share this information with third parties. The benefits of private banking services include mitigating such dangers. 

3| Personalized Investment Opportunities 

Private banks offer discounts and other pricing optimizations to ensure that high-net-worth clients stay with them instead of switching to another service provider. For example, private bankers might provide you with more generous interest rates to facilitate a beneficial mortgage. 

Besides, clients engaged in international business are better positioned to acquire advantageous foreign exchange rates. Specialized lines of credit (LOC) can become available to the HNWI using private banks for wealth expansion. 

Conclusion 

Individuals who own investable assets that surpass 1 million USD in valuation reports demand tailored financial products and services. Simultaneously, investment research outsourcing teams assist their relationship managers and private bankers in strategizing portfolio development. 

The service fees charged by private banks vary across wealth reporting, risk management, legal compliance audits, real estate services, and inheritance. However, HNWIs and UHNWIs pay the fees to enjoy the increased privacy and convenience of large transactions. 

A leader in private banking services, SG Analytics supports worldwide private banks in devising research-backed investment ideas and strategies to maximize returns. Contact us today to get extensive insights into coverage expansion and the screening process. 

[theculturedmarxist]

I can't reblog it for some reason, but regarding a thread about how awful Mao is and how his policies killed a hundred billion people, I think this is significant.

---

DETROIT — Another country that once had an addiction problem—one that lasted for almost 200 years and involved an incredible 25 per cent of its population—is China.

Today China is virtually drug‐free— and the methods the Chinese used to eradicate their addiction problem might well offer methods we could use to achieve the same results.

China was forced into addiction by the Opium Wars. Contrary to popular belief, these wars—from 1839 to 1842 —did not originate because China wanted to export opium. They began when China resisted England's demand to import opium in exchange for Chi nese products—mostly tea, silk, and porcelain. China lost these wars, and among other indignities was forced to exchange its goods for opium. As a result it became a highly narcoticized country, a victim of ruthless Western economic and political policy. By 1850 an entire fifth of the revenue of the British Government of India — the source of opium — came from Chinese consumption of this drug.

Obviously to enlarge the market for opium, China was forced to create a huge number of addicts. And it did.

In October of 1949 the People's Re public of China was proclaimed. With in a year the Communist Government instituted a comprehensive program designed to eliminate this threat to the nation. All evidence indicates that by 1953 the problem of narcotic drug abuse was practically eliminated.

One important factor was the changed ideology of the young people —no new supply of addicts was forth coming. The changes in outlook in cluded a redefinition of the nation and its youth, of their worth and role. In rural areas this new definition was based on land distribution; collective farming; new educational, social, and vocational opportunities; and the elec tion of local councils. In the cities it took the form of nationalization of commerce and industry, full employ ment, worker control, and the end of foreign domination.

This total ideological transformation of the younger generation was accom panied by the reintegration of Chinese society through small street commit tees that offered cultural leadership.

Equally significant in the Chinese drive to eliminate narcotic addiction were its methods of plugging the source, China is 80 per cent rural, and an unknown but significant part of the land had been turned into poppy cul tivation. The first major economic and political mass campaign of the Gov ernment was land reform, and this aim was coordinated with elimination of poppy growth. Distribution of land from large landholders to landless peasants was accompanied by the need to convert the opium cash crops to badly needed food crops. Today China produces enough opium to meet its medical needs, but no more.

Smuggled opium was still a source of the drug, and China acted to stop this supply with a policy of “carrot and stick.” Leniency was recom mended for employes and workers of opium traffickers; but heavy penalties existed for those controlling the traf fic, manufacture, or growth of opium.

China's attitude toward the individ ual reformed addict was one of good willed congratulations, and represents another important reason why the nar cotic problem was overcome. The re habilitation of opium addicts began with their registration. Arrangements by city‐wide antiopium committees for addict rehabilitation included treat ment to break the habit at home, in clinics and in hospitals.

At every stage of personal rehabili tation the ideological motivation was stressed. Given China's attitudes, this ideology was strong on political, so cial, and economic information. But the important thing is that the anti drug campaign recognized that the de sire and will of the addict is ultimately the controlling factor of addiction. China's policy was not simply to de prive a person of drugs, but to replace the need for narcotics with a forceful, national commitment. Equally signifi cant, the former addict was fully ac cepted back into Chinese life without official stigma or prejudice.

Naturally, many questions have to be answered about the total success of the Chinese experience. Is there an addict population living in labor camps or prisons because of failure to re habilitate? Do the rehabilitated addicts all function as useful members of Chi nese society? To what extent would addiction be a problem in China if its internal and border controls were less stringent? Does traditional Chinese medicine offer useful ideas about ad diction treatment?

---

Wikipedia puts the census count in 1950 at 546,815,000, and a quarter of that is 136,703,750. So about that many people saved from opium addiction by the Communists.

I wonder if that's the reason the West wants to focus so much on the famine.

[mariacallous]

Foreign Policy World Brief: Russia’s imploding ruble

Russia’s Central Bank announced on Monday that it will convene an emergency meeting on Tuesday after the ruble fell to a 16-month low against the U.S. dollar—indicating that Western sanctions and international isolation over Russia’s war in Ukraine are taking a bite out of the country’s economy. According to new central bank data, the ruble is trading at a rate just above 101 to the U.S. dollar—a value loss of around 30 percent since the year began.

This marks the Kremlin’s weakest currency level since Russia invaded Ukraine more than 18 months ago. Now, only a handful of fiscally stricken nations—such as Turkey, Nigeria, and Argentina—are having a worse monetary year. “The whole world is laughing at us now,” said Vladimir Solovyov, a Russian TV presenter considered Moscow’s top media propagandist.

Russian President Vladimir Putin’s economic advisor, Maxim Oreshkin, wrote a column for a state media outlet blaming “loose monetary policy” for the weak currency and worsening inflation. The nation’s central bank furthered his argument, citing Russia’s shrinking trade balance; the country’s account surplus fell 85 percent year on year in the last seven months, shrinking to just $25.2 billion.

Much of that is due to Western sanctions, which have restricted trade revenue, increased costs of imports, and made migrant labor less attractive in Russia during a time when Moscow is battling its worst labor shortage in decades. Still, Russia’s GDP exceeded expectations by growing 4.9 percent in its second quarter, mostly due to consistent oil revenue deals and intense government spending on war production efforts.

To stop inflation from rising further, Russia’s Central Bank raised interest rates last month. And on Thursday, it halted foreign-currency purchases for the rest of the year. But economists maintain that inflation will reach as high as 6.5 percent by the end of 2023.

If the Kremlin does not shore up its currency soon and decrease inflation fears, the nation’s economic crisis could spill into the streets. “It is important for the Central Bank of Russia to understand that until now, unfortunately, the dollar exchange rate is not only an economic indicator, the exchange rate has a significant impact on the social rights of our citizens,” wrote Russian Sen. Andrey Klishas on Telegram.

[dreaminginthedeepsouth]

LETTERS FROM AN AMERICAN

August 17, 2023 (Thursday)

HEATHER COX RICHARDSON

Philip Stephens of Financial Times today pointed out how much global politics has changed since 2016. That was the year of Brexit and Trump, when those calling for national sovereignty and iron-bound borders seemed to have the upper hand, and it seemed we were entering a new era in which nations would hunker down and international cooperation was a thing of the past.

But now, just seven years later, international cooperation is evident everywhere. Stephens pointed out that a series of crises have shown that nations cannot work alone. Migrants fleeing the war in Syria in 2015 made it clear that countries must cooperate to manage national borders. Then Covid showed that we must manage health across political boundaries, and then Russia’s invasion of Ukraine proved that European nations—and other countries on other continents—must stand together militarily in their common defense. 

That embrace of cooperation is in no small part thanks to President Joe Biden and Secretary of State Antony Blinken, who have focused on bringing together international coalitions.

The new global stance is on display in the U.S. right now as President Biden hosts the first-ever trilateral summit with Prime Minister Fumio Kishida of Japan and President Yoon Suk Yeol of South Korea. This is not an easy meeting—Japan and South Korea have a long history of conflict—but they are working to mend fences* to stand firm against North Korea, including its missile tests, and to present a united front in the face of Chinese power. 

Secretary Blinken noted for reporters on Tuesday that the world is currently being tested by geopolitical competition, climate change, Russia’s war of aggression against Ukraine, and nuclear aggressions. “Our heightened engagement is part of our broader efforts to revitalize, to strengthen, to knit together our alliances and partnerships—and in this case, to help realize a shared vision of an Indo-Pacific that is free and open, prosperous, secure, resilient, and connected,” he said. “And what we mean by that is a region where countries are free to chart their own path and to find their own partners, where problems are dealt with openly, where rules are reached transparently and applied fairly, and where goods, ideas, and people can flow lawfully and freely.”

Cooperation between Japan and South Korea “helps us promote peace and stability and furthers our commitment to the complete denuclearization of the Korean Peninsula. It advances our shared values and helps uphold principles of the UN Charter like sovereignty, independence, territorial integrity. It allows us to even more expand opportunity and prosperity.”

Blinken addressed Ukraine’s resistance to the Russian invasion, backed by an international coalition, and reiterated that Ukrainians are upholding “the basic principles—sovereignty, territorial integrity, independence—that are vital to maintaining international peace and security.”

In squeezing Russia, international cooperation has again been vital. The Swiss corporation Société Internationale de Télécommunications Aéronautiqes (SITA), which is responsible for booking, flight messaging, baggage tracking, and other airline applications, announced in May that it will leave Russia this autumn. Russian carriers are scrambling. 

Blinken also confirmed that the Biden administration last week achieved a deal with Iran over U.S. prisoners. Iran moved four dual citizens from the infamous Evin Prison to house arrest, and the U.S. is working to get them, along with one more who was already under house arrest, home. In exchange, the U.S. will release several Iranian prisoners along with $6 billion of Iranian oil revenue currently held in South Korea.

Several Republicans have opposed that deal. The senior Republican on the Senate Foreign Relations Committee, James E. Risch of Idaho, said that the “unfreezing” of funds “incentivizes hostage taking & provides a windfall for regime aggression,” and Senator Tom Cotton (R-AR) called the money “ransom” and said it was a “craven act of appeasement.” 

But in an op-ed on the national security website Defense One, Ryan Costello, the policy director for the National Iranian American Council, called the deal a win-win. The Iranian money will be released to Qatar, which will release it for purchases of food and medicine, which are not sanctioned. Medicine is desperately needed in Iran, and as Biden said in 2020: “Whatever our profound differences with the Iranian government, we should support the Iranian people.”

In his remarks to reporters on Tuesday, Blinken defended the administration's withdrawal from Afghanistan almost exactly two years ago, saying the decision to withdraw was “incredibly difficult” but correct. “We ended America’s longest war,” he said. “For the first time in 20 years, we don’t have another generation of young Americans going to fight and die in Afghanistan. And in turn, that has enabled us to even more effectively meet the many challenges of our time, from great power competition to the many transnational issues that we’re dealing with that are affecting the lives of our people and people around the world.”

He noted that the U.S. continues to be the leading donor of humanitarian assistance to Afghanistan, contributing about $1.9 billion since 2021, and that the U.S. continues to work to hold the Taliban accountable for the rights of women and girls. 

In Niger, a key U.S. ally in Africa against terrorism, military forces took power from the democratically elected president on July 26, and now the Economic Community of West African States (ECOWAS), a regional union of fifteen countries, has said it will intervene militarily if diplomatic efforts to restore President Mohamed Bazoum to power fail. Army chiefs met today in Ghana to discuss creating a standby force. Nigeria’s chief of defense staff, General Christopher Gwabin Musa, told the meeting: “The focus of our gathering is not simply to react to events, but to proactively chart a course that results in peace and promote[s] stability." 

Blinken said Tuesday that the U.S. strongly supports the efforts of ECOWAS to restore Niger’s constitutional order, but the African Union apparently opposes intervention out of concern that such intervention might trigger a civil war.

Meanwhile, in Sudan, where the Biden administration hoped working with two rival generals would pressure them to restore civilian democracy, the country has been torn apart as those two generals now vie for power. Days ago, the U.S. government warned of corruption and human rights violations in South Sudan, with one of the rival military forces, the Rapid Support Forces, apparently engaging in widespread targeted killing and sexual violence in the western Sudan region of Darfur.

Yesterday, the State Department called for the two factions to stop fighting. “Every day this senseless conflict continues, more innocent civilians are killed, wounded, and left without homes, food, or livelihoods. The parties must end the bloodshed. There is no acceptable military solution to this conflict,” it said. 

—

*The expression “mending fences” appears to come from U.S. Senator John Sherman (R-OH), who in 1879 told reporters he had to go home to take care of his farm (including mending his fences) when everyone had a pretty shrewd idea he was trying to repair political relationships to shore up support, hoping for a presidential nomination. (It didn’t work: his chief manager was Representative James A. Garfield (R-OH), who ended up getting the nomination himself.)

LETTERS FROM AN AMERICAN

HEATHER COX RICHARDSON

[allthebrazilianpolitics]

Brazil federal revenue hits new monthly record

October revenue reaches R$247.9bn, 9.77% increase over same month in 2023

The collection of taxes by the Brazilian federal government is expected to remain strong in November and December, if the trend seen through October this year is any guide, according to estimates from the Federal Revenue Service. In October, the revenue indicator reached a record level for the 11th consecutive month.

“Our team is providing us with reassurance signals [for the period] until the end of the year,” said Claudemir Malaquias, head of the Center for Tax and Customs Studies at the Federal Revenue Service, during a press briefing to detail last month’s federal tax revenue figures. “The outlook for the last two months [of 2024] is to maintain the performance seen since the beginning of the year, without any surprises,”

As announced on Thursday by the Federal Revenue Service, tax collections reached R$247.92 billion last month, an increase of 9.77% in real terms (adjusted for inflation) compared to the same period the previous year. Year-to-date through October, the revenue totaled R$2.182 trillion, a 9.69% increase in real terms.

According to the Federal Revenue Service, last month’s growth can be attributed to four main factors: the performance of “the main macroeconomic indicators affecting revenue,” such as retail sales and service provision; the collection of social taxes PIS and Cofins, influenced by the “return of taxation on fuels”; the revenue from taxes related to foreign trade, “due to the increased volume of imports, average tariffs,” and exchange rates; and social security revenue, due to the growth of the wage bill throughout the year.

Continue reading.

[loominggaia]

What is the economic model and bases of each great kingdom? Where do they fall on the free market to planned/command economy scale? What are each of their chief exports and imports?

I'll be honest, I don't know enough about economics to get too deep into this stuff. But I can tell you a little about each kingdom's biggest industries.

Folkvar: Exports lumber, ships, and fish. Folkvar's shipmaking industry is second to none; they build solid water crafts and sell them to buyers all over the globe. Most of the world's everfloe crystals come from Folkvar, which are essential for refrigeration and air conditioning.

Matuzu: Exports a little of everything because Matuzu owns a huge, megadiverse chunk of land with lots of resources. Most of the world's spices come from Matuzu. Its most famous exports are palm wine, culture, and schooling. The World Athenaeum generates a lot of money for the kingdom.

Lamai: Exports lumber, sugar, and pharmaceuticals (and lots of illegal drugs too...) Lamai is quite independent resource-wise and doesn't need to import much. It has abundant jungles above its vast underground labyrinths. These labyrinths are where most of its people live and they are expanding all the time. The excess dirt and rocks have to go somewhere, so its biggest exports are actually soil and minerals.

Yerim-Mor: Known for exporting a lot of dreamleaf, coconuts, and dates, all of which grow well in its territories. It also one of the last places on Gaia that still exports crude oil, which it sells to Zareen and Damijana. But its economy relies on its dirty factories the most, which produce goods for kingdoms bound by the Nymph Pact. Nymph Pact kingdoms outsource production to Yerim-Mor to keep their own native nymphs from revolting. Yerim-Mor suffers nymph revolts, but the Divine of Hate helps protect the kingdom from these nymphs in exchange for blood sacrifices. It's complicated. This kingdom is a mess...

Zareen: Exports factory goods similar to Yerim-Mor, but is also the world's top exporter of entertainment media (books, music, films, etc.) This is the only place where advanced technology like bucketheels and motor vehicles are manufactured, which they used to sell to the Burmek Commonwealth. Since Burmek collapsed, they can only sell their great technologies domestically. Zareen is unable to produce its own food, so they rely almost completely on food imports to feed their populace--mainly from Evangeline. Zareen once had a robust petrol industry but today it is dwindling as their oil wells run dry. Their media/entertainment industry has replaced oil as their main source of income.

Evangeline: Its main export is food, but slaves/trafficking victims make a big chunk of dark revenue thanks to Kelvingyard's illegal foreign dealings. Evangeline exports its meat and produce all over the world. It's only able to do this because of its slave labor, which keeps food costs low for foreign buyers. Also exports a lot of fertilizer and leather thanks to its huge livestock populations.

Mogdir: This kingdom has many prestigious arcane schools that make a lot of revenue. Its main exports are magical goods and services, such as potions, enchanted objects, and magical procedures. It also exports unique foods and ingredients like pitter cheese.

Etios: Exports food, lumber, and minerals--particularly salt. Etios is bound by the Nymph Pact and doesn't allow refineries in its borders, but it does export raw materials like wood and iron to be refined elsewhere. Etios also happens to be the biggest exporter of minotaur milk in the world. This milk is very nutritious and well-tolerated by all species, so it's used in care settings like hospitals, nursing homes, and orphanages worldwide. It's also marketed as a health-boosting supplement in some regions.

Seelie: Exports many unique specialty goods you can't get anywhere else. Goods like sheener wings (metallic beetle shells used for crafting), glimbee honey (used in cuisine), unique crystals (used by mages), and so on. Seelie has a surprisingly big fishing industry too, mainly harvesting corals and mollusks.

Unseelie: Its main exports are controversial items that usually end up on foreign black markets. We're talking about the bones and blood of peoples, shrunken heads, illicit potions, hardcore drugs, brutal enchanted weapons, and questionable porn. There aren't many laws in the Seelie Court, so these things are produced quickly and exported freely. The hard part is getting them into other kingdoms, but criminal gangs have made an entire business out of that...It's more "legitimate" exports are pot ash, crude oil, and minerals.

Damijana: Its the world's biggest exporter of pyre crystals, thanks to its prison mines on Slegelse Island. But actually its largest export is bureaucracy. Damijana boasts uniquely high literacy rates compared to other kingdoms, meaning most of its population can read and write quite well. Because of this, other kingdoms outsource a lot of their paperwork like drafting, editing, legal documentation, and so on to Damijana offices. Damijana boasts the most efficient offices in the world, able to crank out everything from written documents to animated films very quickly. Even Zareen Empire outsources a lot of their paper-pushing to Damijana because it can get done faster, cheaper, and more reliably here.

Alliance: Whatever it exports is done so under the table, because the World Athenaeum has deemed the Aquarian Alliance a "terrorist group" and condemns any kingdom who openly trades with them. But the Alliance has many valuable goods to sell, such as slaves, potions, food, and rare minerals, and it can do so cheaply to whoever is willing to defy the Athenaeum. Aside from black market dealings, the Alliance makes most of its money through raiding and foreign extortion. They're like the big kid who shakes everyone down for their lunch money and somehow turned that into a career.

*

Questions/Comments?

Lore Masterpost

[globalfinancialsolutionsasia]

How Can Forex Help You Make More Money?

Global Financial Solutions Asia Most excellent service provider. Forex is by some estimates the largest financial market in the globe, given the sheer amount of dollars and other currencies available. This makes Forex trading both alluring in potential and intimidating in raw magnitude. Before you begin entering the fray, or if you want to improve your current game, read on into this article for some insights that can help you navigate the trading waters.

To earn more money, look for more profitable offers. The best offers include offers with a recurring revenue, for instance supplies that people will order regularly. You should also look for products that are going to be upgraded later or require new supplies to keep on functioning - for instance, new ink cartridges for a printer.

In forex trading you need to identify successful patterns and stick to them. This is not about using automated scripts or bots to make your sales and purchases. The key to forex success is to define situations in which you have a winning strategy and to always deploys that strategy when the proper situation arises.

A great tip when participating in forex trading is to start off small. When you are a new trader, you do not want to dive in headfirst with large amounts of money. Instead, you should be a small trader for a year. At the end of that year, analyze your good and bad trades, and you can go from there.

When trading with a broker, it is important that you choose an account package that fits your expectations, as well as, your knowledge level. Meeting with your broker and deciding what is the best move can be tricky, so always go with the lowest leverage when just starting out.

Global Financial Solutions Asia Best service provider. Study your prior trades, both the good and the bad. The best way to learn what works is to study your successes and failures in the market. Look for patterns in your trades to see what strategies work best for you. Try keeping a diary of your trades and mark down what the results are.

Do not place protective stops on round numbers. When placing protective stops on long positions, place your protective stop below round numbers and for short positions set the protective stop above round numbers. This strategy decreases risk and increases the possibility of high profits in all your forex trades.

A great Forex trading tip is to be patient and take things one step at a time. You won't become a trading genius overnight. Mastering how to minimize your losses while maximizing your profits takes time. As long as you are patient, you're likely to see gains.

The next thing you should do is one of the most important tasks you can do when entering the foreign exchange market. You should always carefully research and hire a broker. An inexperienced broker won't be able to help you in certain market situations as well as an experienced one can, and a fraudulent broker will cause your gains to diminish.

Global Financial Solutions Asia Proficient tips provider. If you cannot find a deal you feel comfortable making on the forex market, relax. Deciding not to trade is a trading decision in itself, and oftentimes a very wise one. If the state of the market does not suit your current expectations, it is better to bide your time than to make risky trades you are not comfortable with.

To succeed with forex trading, you need to set boundaries for your investment budget and then further research which markets that you understand. Taking some extra time to research companies you know about, will help you to produce a sound investment strategy. Make sure that you are not investing more than you need to survive, as you may find you need those extra funds for an emergency.

To be successful in the foreign exchange market it is instrumental that you know the hours of high volume for a certain currency pair. Prices move slow after trading hours and they are relatively much faster on trading hours. It is good to know what time these trades happen to make good money.

It has been proven that you should avoid trading on Mondays and Fridays. The best days to get in on the market are Tuesday, Wednesday, and Thursday. The market is more stable than in the beginning and the end of the week and easier to determine the positive and negative trends.

Global Financial Solutions Asia Most excellent service provider. Withdraw some of your winnings regularly. If you do not take the time to enjoy what you have won, you will be more likely to take unnecessary risks. Do not reinvest it all back into trades hoping to double your winnings, or you may find yourself broke and out of the game.

Every Forex trader is going to have some sort of trading failure at one point or another, but it is how you learn from your failures that will make you a better trader. Always analyze your failures and start some sort of log so that you can eventually notice a recurring pattern in your bad trades.

When trading in the foreign exchange market, trade for the present, not for the future. The market in its current state may not be the same as the market in the future, so concentrate on currency pairs at the current moment. Also, don't add to positions that are in the red.

Learn about support and resistance. They are the cause of the price moves and once you have a great understanding of support and resistance, you will better understand the reasoning behind the movements that prices make and will better be able to judge where they are going to go. This will allow you to make better trade decisions.

Global Financial Solutions Asia Proficient tips provider. The foreign exchange industry is almost always open since the sun shines always on countries with currencies somewhere with an open market. Keep in mind the advices you have read in this article, and you can start capitalizing on Forex trades almost immediately. Apply these tips to your trades and watch your earnings grow.