The launching of Libra Token will allow large swath of people access to banking
It will also allow corporations with a huge stock pile of cash the access to alternate forms of investment
Libra currency liquidity
Every Libra token that gets created is backed by a reserve of real assets. Close examination of partner balance sheet figures shows approximately USD148 billion dollars of cash and equivalent available for deployment right out the gates.
Libra social impact
One of Libra’s goals is to provide banking access to segments of the world’s population that don’t. Close examination of partners’ reach to this segment of the world shows 7.9million people. This is not including the 204 million African Internet Users on Facebook.
The average man eats, sleeps, shits and reproduce.
When presented with environment stimulus that signals more of the above, his brain emits dopamine which elicits are warm fuzzy sensation in his body which he interprets as pleasant.
When presented with environment stimulus that signals less of the above, his brain emits adrenaline which elicits muscular tension and heat in various parts of his body which he interprets as unpleasant.
Physics as the upper bound constrain for economic activities
Economic activity is what man as a collective organism engages in as it goes about fulfilling its above stated needs.
A quantum leap in economic activity is only possible when there is significant break through in the field of physics.
A large increase in numeric valuation of such economic activities without corresponding increase in actual physical throughput volume will result in either an inflation or a subsequent correction.
Characterization of economic activities
Aerobic economic activity is when the environment remains at equilibrium during energy extraction for the above stated needs.
Anaerobic economic activity is when the environment equilibrium is disturbed during energy extraction for the above stated needs.
Framing as a high level principle
He who controls the frame determines what goes within it.
The jug shapes the water.
The player controlling the outer edges of the Othello board generally wins the game
The country which controls the currency for all international commerce control the direction and level of cross border commercial activities.
US controls the global USD supply which majority of foreign economic activities and debts are denominated in. US controls the future economic outputs creditors will receive in the future.
Major creditors for US debts like China and Russia are moving towards Gold as the denominator.
Climate is both an enabler and disruptor of human endeavors. Nature balances the population it supports. Technology enables increased rate of energy extraction from environment to further human purposes.
Conducive climate results in bountiful yield and has allowed Rome to rise. Land is cleared and trade networks flourish during the rise of the empire. Clearance of wild lands unlocked microbes into the human civilization.
Microbes evolve to utilize humans and other mammals as vectors of infection. Dense population and connected trading network serve as a multiplier. The worst pandemic is the white pestilence (Black Death). This wiped out more than half of human population.
Trading network collapse as a result of the decimated population. Military rank diminishes both as a result of population decimation. Problem is further compounded by collapse of financial system which makes it difficult to sustain an army.
Grounds are fertile for spread of monotheistic dooms day religion like Christianity. Emperor Justinian converts to Christianity. Classical Greek school of thoughts gets displaced.
Climate change for the worse force nomads with superior military power to migrate westwards into Roman territory.
Roman Empire with decimated population gets further crippled.
Heavy Chinese enterprise involvement in the building of roads and houses
Shops with Chinese labels observed in operation
In areas where there are construction operations, Chinese supervision and management observed aided by local manual labor
Ubiquity of mobile internet connection
Ubiquity of Samsung, Huawei and Tenco Android mobile phones ranging from USD50 among local adult and adolescent population
With the rise of the Chinese middle class, there is now increasing domestic demand for goods and services within China. This has driven the need to increase the overall throughput volume of such commodities. It can be speculated that the level of consumption is expected to surpass the level of production within China at some point.
Economic growth in China has for now hit a road block due to the following factors:
Increased overall cost of production in China leading to less competitive exports
In light of these, China needs to start shifting its policy from an export focused economy to a domestic focused economy. To do so, it needs to feed and drive domestic demand for goods and services.
The Chinese government has been observed to enter into agreement with local African government to fund the build out of infrastructure, primarily roads and buildings. At the date of writing 85% of roads in Ethiopia has been completed within the country while in Zanzibar, Tanzania, all major roads are under construction and a sports stadium named Mao ZeDong stadium has been observed.
In exchange for the funding, local governments are restricted to engaging the service of Chinese companies. This safeguards the effectiveness of funds deployment for the operations aspects of the agreement while serving to three specific purposes. It minimizes the actual volume of liquidity that is tied up in loans to local government, while boosting demand for construction services within China and increasing maximum possible throughput volume of commodity exports from the region.
What is not obvious during the time of observation is how effective local governments are at managing funds during the stage between its receipt from China to its payment to the engaged Chinese companies. Discounting the inherent effectiveness of the various projects in driving local GDP, differing levels of corruption and maturity of national identify within the region will result in variance between actual ROI versus expected ROI for these projects.
On deciphering Chinese end goal within the region
At the moment of writing, it is yet clear how Chinese African relationship will crystalize for the future. Two key observations need to be made before we can get a glimpse of it.
Key observation #1 would be how China would react when the loans come to maturity and the local government have yet made sufficient returns from the infrastructure investments to pay off the debt.
Key observation #2 would be how Chinese companies would handle the post construction phase of projects that require ongoing maintenance in terms of knowledge transfer.
The Youth is hungry for opportunity to advance in life
The Youth is highly optimistic and have faith in their prime minister
Shifting away from a tribal centric identity to a nation identity is the key challenge for the country. Tribal warfare was observed in Matema region.
One belt one road initiative has thus far rebuilt 85% of all major highways
significant levels of Chinese operated construction observed in Addis Ababa where Chinese occupy the management layer while the locals occupy the manual layer.
Significant levels of new housing construction in villages by locals. Projects are facilitated by ease of material transport due to improved road conditions.
At the moment of writing, Chinese built daily train is in operation from Addis Ababa to Djibouti. Chinese management is in process of doing knowledge transfer to local with the intention of handing eventual management.
On nature and agriculture
mixed of highland and grassland terrain
lowlands are utilized for the cultivation of wheat, corn and coffee
highlands are utilized for the cultivation of potato and barley
Ethiopia’s own version of Uber was launched earlier this year.
Country-wide established 3G networks has been observed
Majority of people were seen using Android mobile phones like Samsung and Huawei.
Tenco is a locally manufactured Android phone ran by Chinese management. Typical phone sells for USD50.
On foreign relations with China
China is the largest trading partner where food is the main export.
China’s one belt one road initiative in Ethiopia aims to increase supplies of raw materials available to the middle class rich in China by building up critical infrastructure like roads and manufacturing facilities to increase overall throughput volume from this agriculturally fertile region.
The approach is to utilize Chinese capital, Chinese management expertise and operations technique gained from the rebuilding of their economy, local raw materials and local human labor.
Where maintenance is required knowledge transfer occurs. This serves to help conserve Chinese human capital as they further their initiative across the region.
The observed build up of educated youth will likely help facilitate the necessary knowledge to ensure infrastructure gets maintained beyond the time period of the initiative.
The ability to fully master yourself is predicated upon the ability to cut through the narratives thrown off by your limbic brain in situations of stress to tap directly into your sensations and be at peace with them.
The ability to master the environment is predicated upon the ability to physically execute upon a series of actions which in the process yields a corresponding set of sensations and results.
The ability to master other sapiens and mammals is predicated upon the ability to bend them to your will, namely the disciplined application of the carrot and the stick. In Sapiens, it is necessary to utilize narratives to manage their limbic brain.
Any property in nature brought to its extreme form counter-intuitively appears on the surface to be its exact opposite. High levels of Self-mastery on occasions gets perceived as Sociopathy by the casual observer.
Forecoming social experiment: To practice exploiting the unsuspecting street tout without yielding a single dollar.
Steve Jobs, by Walter Isacson
The Elon Musk blog series, by Urban Tim
Titan: the life of a John D Rockefeller, by Chernow Ron
Mein Kampf by Adolf Hitler
The everything store: Jeff Bezos and the age of Amazon by Stone Brad
The Facebook effect: The inside story of the company by Kirkpatrick David
Machina by Sebastian Marshal
Be slightly evil, by Vankatesh G Rao
Sapiens: a brief history of humankind by Yuval Noah Harrari
Why the west rules for now by Morris Ian
Analysis of Arabic Street tout aggressive sales technique by Gary Teh
Observations in Sudan by Gary Teh
Summary of learnings into the subject of Mundfulness by Gary Teh