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Stocks are due for a short-term bounce, and then are headed lower, said Gareth Soloway, chief market strategist of InTheMoneyStocks.com.
Soloway discusses with David Lin, anchor for Kitco News, his short-term and long-term outlook for the stock and crypto markets.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
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0:00 - Nasdaq
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11:40 - Bitcoin
23:20 - Future Blockchain Summit
#stocks #Bitcoin #markets
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Cornell University Professor of Economics & 'The Future of Money' Author Eswar Prasad joins Yahoo Finance's Akiko Fujita and David Hollerith to discuss the future of digital currencies.
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Taiwan is preparing for war. 56 Chinese jets breached its airspace on Monday. The prospects of an invasion are growing. President Tsai Ing-wen has warned of 'catastrophic consequences'. Ministry of Foreign Affairs, ROC (Taiwan) has called upon like-minded countries to unite. Palki Sharma tells you more.
#Gravitas #Taiwan #China
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WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.
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Amid China’s new clampdown, why is DeFi surging and the RMB-to-crypto market important? Sam Bankman-Fried analyzes what it all means and why FTX is leaving Hong Kong for a new home.
#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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Dr. Michio Kaku is one of the most renowned figures in science and the world today. He is a theoretical physicist, bestselling author, acclaimed public speaker, futurist, and popularizer of science, he co-founded “String Field Theory” and continues Einstein’s quest to unite the fundamental forces of nature into a single grand unified “Theory of Everything.”
Dr. Kaku holds the Henry Semat Chair in Theoretical Physics at City University New York, graduating summa cum laude from Harvard with a Ph.D. from UC Berkeley. He has written numerous New York Times bestselling books including The Future of Humanity, The Future of the Mind, Physics of the Future, and Physics of the Impossible.
Kaku’s latest bestselling book The God Equation: The Quest for a Theory of Everything explores the history of unification theories from Newton’s Law of Universal Gravitation through Quantum Mechanics and The Standard Model of Particle Physics — culminating in his own landmark contributions to the most cutting-edge ideas in theoretical physics.
Moderator Alex Klokus is a Founder and Managing Partner at the SALT Fund. Alex is a serial entrepreneur who built and sold both the media company Futurism and the sleep and wellness business Gravity.
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Facebook whistleblower Frances Haugen testified before a Senate panel Tuesday, telling lawmakers that the platform's decisions are "a huge problem" for children, public safety, and democracy.
#FrancesHaugen #Facebook #EnglishNews
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Facebook went down Monday for a little over five hours due to configuration errors, with the damage reportedly costing an estimated $65 million. This comes as the social media giant faces allegations its platforms promote toxic content and harm users. Could the same error make crypto networks go offline? "The Hash" panel discusses the implications for the fragility of the internet at large, highlighting the importance of Web 3.0 and decentralization.
#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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Amid China’s new clampdown, why is DeFi surging and the RMB-to-crypto market important? Sam Bankman-Fried analyzes what it all means and why FTX is leaving Hong Kong for a new home.
#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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How Crypto Changes Everything: The Future of Finance & Culture with Sam Bankman-Fried, Chief Executive Officer, FTX. Kevin O’leary, Founder, WonderFi. Anatoly Yakovenko, Founder & Chief Executive Officer, Solana. Jeremy Allaire, Co-Founder, Chairman & Chief Executive Officer, Circle.
Moderated by Kristin Smith, Executive Director, Blockchain Association.
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Welcome to The Daily Forkast, October 5th, 2021, presented by Angie Lau. For the latest in blockchain & crypto news. On today's show:
00:00 Coming Up
00:37 Central and Southern Asia a crypto hotspot.
02:34 Petition calls for Korea crypto tax pause.
04:33 TikTok jumps into NFT market.
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First up, research by global blockchain analytics company Chainalysis found 14% of the total value of global cryptocurrency transactions took place within central and southern Asia and Oceania in the year from July 2020 to June 2021. With the growth of over 700% in raw value traded in that period, the region is the fourth largest cryptocurrency market in the world. A few countries have been vital, with the region currently holding the three top spots in Chainalysis Global Crypto Adoption Index., Vietnam, India, and Pakistan. In the report, Binh Nguyen of the Royal Melbourne Institute of Technology said that while gambling is illegal in Vietnam, it's still very popular, and that may explain why so many people are willing to invest in high volatility assets like cryptocurrency. Lack of access to traditional banking services is also a possible reason. According to the World Bank, 190 million of the 1.4 billion people in India have no access to the financial system, while almost half of the population in Pakistan had no bank account in 2017. The report says decentralized finance apps, or DApps, have had a huge impact, with transaction volumes now surpassing those of all other crypto service types. However, one expert told Forkast.News, DeFi won't be the biggest driver over the next few years. GameFi already exploded in the Philippines, 20% of crypto wallet MetaMask, 10 million active monthly users live in the country, and it says growth there has been driven by the popularity of the NFT based game Axie Infinity.
Meanwhile, over in South Korea, there's a national petition going on calling for crypto taxes to be put on pause, pushed back, delayed. Posted by an anonymous investor, the petition calls out Korea's Finance Minister, saying his decisions are inconsiderate of the market and also inconsiderate of investors. Not mincing words there. It's part of the greater conversation happening in Korea right now about taxes. There, the National Assembly kicks off its annual review of the Ministry of Economy and Finance, where the topic of taxing virtual asset income is being discussed right now. Korea's National Petition Board on the presidential Blue House web page allows people to bring attention to significant matters. When a petition reaches 200,000 signatures, the government is obliged to answer. This petition asks for two things an extension of the grace period before taxation on crypto income and fair taxation, saying the finance minister should prioritize investors and the industry. Levies on virtual asset gains are due to begin on January 1st, but investors argue that date should be pushed back. Citing lack of investor protection measures. Many also say it is unfair, with crypto gains above 2.5 billion won, or about US$2,100 taxed, while stock capital gains are taxed from 50 million won. Hong Ki Yong professor at Incheon National University told Forkast.News, that virtual assets are categorized as other income according to the International Financial Reporting Standards. However, there is little to no inherent difference between income from virtual and financial assets. Hence, the topic of tax deduction and other benefits may be considered in the future. Meanwhile, ahead of the National Assembly's annual review. Finance Minister Hong Nam Ki said he will reinforce the ministry's infrastructure on crypto income taxation to prevent tax evasion.
And finally, today, TikTok has jumped into the NFT market. However, it chose to go kind of old school to do so. The China-based social media giant taking out a full-page black and white text ad in the New York Times. Just last week, the social media platform announced that it has over one billion active monthly users worldwide. It's now leveraging content from some of its most popular creators to make a splash in the NFT world, with the first series from Lil Nas X set to drop on October 6th. And they're getting their environmental credentials sorted out too. The NFTs will be available on a dedicated site supported by Immutable X, a layer two scaling solution for Ethereum. It states that transactions using it will be 100% carbon neutral. In the ad, TikTok stated that it wants to be the platform that continues to quote find innovative ways to recognize and reward our creators. Except maybe for those newspaper ads, newsprint not necessarily the most innovative way forward for the NFT world, but I hope that they were digital ads, at least.
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#Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #DeFi #TikTok #NFT #Asia #GameFi #PlayToEarn #BlockchainGame #Ethereum #DApps #SoutheastAsia -
Seven hours without Facebook, Whatsapp and Instagram-and a seven-billon dollar personal hit for CEO Mark Zuckerberg. Facebook’s services are now back online after a global outage, amidst the tech giant coming under the microscope during a hearing before the Senate Committee on Commerce. Whistleblower Frances Haugen says the company favors profits over people, and is responsible for damaging the mental and social wellbeing of children who use Facebook and Instagram. To expand on all of this, investigative journalist and cohost of Boom Bust Ben Swann and author, historian and filmmaker Sean Stone join a panel to discuss (2:35)
Taiwan-China relations are beginning to sour, with the West fanning the flames. Between the US conducting war games with Taiwan and now the UK sending warships to the South China Sea, Beijing responded with 56 warplanes buzzing over Taiwan’s air defense zone on Monday. The Taiwanese saying they’re very concerned that China is going to launch a full-scale war. Former UK MP George Galloway shares his perspective (14:00).
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While Robert Leshner seemed to briefly threaten users with the IRS, the reality is that he – and the rest of the Compound Labs community – are now relying on the goodwill of users.
By Andrew ThurmanOct 1, 2021 at 9:51 p.m.Updated Oct 1, 2021 at 11:18 p.m.:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5Z7I7FIACBF3XFHZAQSYKXYVRI.jpg)
Compound founder Robert Leshner (Robert Leshner)
If a decentralized finance (DeFi) protocol accidentally gave you millions of dollars in tokens, are you obligated to give it back?
In an interview with CoinDesk following an $80 million exploit, Compound Labs founder Robert Leshner is arguing users should do just that.
On Wednesday night, a bug in money market Compound’s code led to an erroneous disbursement of COMP tokens intended for long-term liquidity mining rewards.
0 seconds of 6 minutes, 21 secondsVolume 90% Read more: DeFi Money Market Compound Overpays Millions in COMP Rewards in Possible Exploit; Founder Says $80M at Risk
The Compound Twitter handle acknowledged the bug shortly after, saying that no user funds were at risk. The bug only applied to Compound’s Comptroller Contract, which is responsible for distributing liquidity mining rewards earned over time.
Nearly the entirety of the Comptroller Contract has now been drained, with 280,000 COMP distributed to users incorrectly, according to Leshner.0 seconds of 6 minutes, 21 secondsVolume 90% Despite the eye-popping sums lost to the bug, however, the community is now captivated by a debate as to what users should be obligated to do with their funds.
“This has been, without a doubt, the worst day in the history of the Compound protocol,” Leshner told CoinDesk.
He went on:“What makes it way worse is that I and most folks are completely powerless to do anything besides sit back and watch this moral dilemma play out.”IRS threats
In a Tweet on Thursday night, Leshner seemed to warn recipients of the erroneous tokens that there could be real-world consequences for keeping them – namely, that the U.S. Internal Revenue Service (IRS) might want to hear about it:
Some members of the DeFi community interpreted the comments to mean that Compound Labs was planning to report recipients to relevant tax authorities. Leshner apologized for the tweet shortly after.
Threats of “doxxing” have proven to be effective in dealing with exploits in the past – last month, a non-fungible token (NFT) team memorably threatened to call in the FBI and ordered soup to a hacker’s address. The hacker relented, returning stolen funds.
However, in this instance even if an organization wished to pursue claimants, in practicality it may be an empty threat.
Compound Labs is a real-world entity that is working on the protocol, but there’s no clear basis for it to pursue legal action – the structure of the decentralized autonomous organization (DAO) is such that it is now just another member of the community, according to a Compound Labs representative.
The representative also said the Compound interface is hosted on distributed file storage protocol InterPlanetary File System (IPFS) and there’s no reportable information about users collected in any way.
However, due to the nature of the bug, many of the recipients of the tokens are not sophisticated hackers – they just happened to hit the jackpot.
Their operational security, or opsec, isn’t hacker-grade. Some addresses that claimed large sums of the tokens have interacted with centralized exchanges where their real-world information is stored, and the claims could have an impact on their taxes.
Claiming the funds required no knowledge of the bug, and some users might not have been aware there was an exploit underway – they may have received millions while intending to harvest much smaller sums as rewards.
Leshner said the DeFi community has rallied around the protocol in an effort to find solutions. Yearn.Finance and MakerDAO representatives have been active in community channels in finding short- and long-term solutions.
However, Compound has an “extremely rigid” and slow governance process by design – architecture intended to make the protocol more resilient is now acting as a barrier to a fix. It will take another five days before the community can approve any updates to the contract code.
Technical solutions to the initial bug aside, however, the protocol now faces an even bigger problem: trying to convince users who received tokens to return them to the community.
“In my opinion, this is a bank error in a couple people’s favor,” said Leshner.He went on:
“I think it’s harder because there was nothing deliberately criminal. If there was a hacker who deliberately exploited the code, people would celebrate going after them with every means possible. These users weren’t initially malicious.”Moral dilemma
The question now turns to whether a moral obligation, rather than a legal one, can incite users to return funds – a question that has prompted significant debate in the crypto community.
One popular take is that “code is law” – regardless of intention, the protocol disbursed the funds and now users can spend them as they please.
However, others are appealing to the notion of “public goods” – that taking ill-gotten money from an on-chain bank, where anyone in the world can take out a loan regardless of who they are, is a violation of DeFi’s highest ideals.
In an interview with CoinDesk, Leshner said the moral dilemma can be split roughly into two camps.
“There’s a lot of members of the community that view protocols like Compound as benefitting the entire ecosystem,” he said. “And there are some users that don’t necessarily care. The builder mindset is, ‘This adds value, this is crucially important,’ and the trader mindset is ‘Money is money,’ and that’s the only ethos of crypto.”
He went on:
“I’m personally hopeful users will return funds to the community. It’s not my property, it’s not their property, it’s the community’s property.”So far, two users have returned a total of 37,493 COMP tokens worth over $12 million at the time of writing.
“There are ideas to further incentivize people to return the COMP that they received,” Leshner said, but even with some incentive program “it’s still going to be relying on people doing the right thing.”
Read more: ‘Free Money’ Bug Hits DeFi Platform Alchemix
Some potential incentives have already been proposed, including non-fungible tokens (NFT) redeemable for a meeting with Leshner, to which he enthusiastically agreed:
“I want to hear other people’s views on this, because it’s not my decision,” he said. “This is a decision every user has to make themselves, and I think most of them are taking the view of, ‘Haha, f**k you guys, it’s your problem.’”
DISCLOSURE
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.-
Francisco Gimeno - BC Analyst This story would be fun but for the fact we are talking about a huge amount of money and the moral dilemma which appears here. The final decision is on the hands of the users which "benefitted" from the unexpected money reward. What would do you? Also, this, again, shows that DeFi is yet at an infant state, where this and more glitches may happen, and the next time could easily be worse and ruin many people.
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NFTs have existed for a few years but the market is now exploding, with one digital picture recently selling for $69 million.
Corporations like Visa are buying NFTs and one 12-year-old boy, Benjamin Ahmed, has earnt nearly £300,000 selling his collection.
As seen in the video analysis above, one emerging use of NFTs is video games, where the image itself is used within the game.
“Warriors of Aradena sold out in 30 minutes where we made over $1 million,” said Thomas West, the CMO and founder.
“Some warriors are being sold now for 50 times what they were bought for from us.”
While some see the NFTs as a booming billion-dollar industry, others speculate that it could quickly fizzle out.
Where there could be longer term opportunities for NFTs, or other similar products, is the Metaverse.
Read more here: https://www.telegraph.co.uk/business/...
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#NFT #Metaverse #WarriorsofAradena-
Francisco Gimeno - BC Analyst The popularity (and the bubble) of the NFT's market continues to expand globally, as anyone browsing in social media can attest with all ads of NFTs' pre-sales. The origin of the digital economy in the Metaverse. Should we all participate from now or wait until the bubble and hype slow? What do you think?
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In this video I talk about the path to being an NFT collector and what I would do differently if I were to start all over again today.
This is an A-Z high level guide built around fundamentals that I learned during my time as a stock analyst. I recommend this for anyone who wants to get more involved with NFTs whether its for collectibles (bored ape yacht club, pudgy penguins, cool cats) or high end crypto art (artblocks, superrare) or even NFT gaming (axie infinity, Illuvium).
I also talk about how you can solve a big problem we're facing in the NFT market today: the lack of storytellers and curators. Basically we have more engineers than curators, and those that help newbies figure out which projects to buy into are going to do very well in the coming years.
Links talked about/used in the video:
NFT canon and resources: https://a16z.com/2021/04/02/nfts-read...
NFT ownership tracker: https://rarity.tools/
0:00 intro
1:21 Step 1
2:29 Step 2
4:13 Step 3
6:36 Step 4
8:51 Step 5
10:19 Step 6
12:53 should you skip steps?-
Francisco Gimeno - BC Analyst Giancarlo is another one who love to spread knowledge, real insights and experiences. He doesn't need to sell anything, and let the viewer in control to decide what to do with that information. In this case, a hugely important matter for many. How do we start with NFTs? How can we get a hedge? Fundamentals are important. What do you think?
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The fall of Evergrande contributed to China's crackdown on cryptocurrencies, says Brian Tycangco, Senior Editor of True Wealth Opportunities: China.
Tycangco says another reason for the ban is, "to not encourage the mining activities of Bitcoin," as China is going through one of its worst energy crisis in the last twenty years. We are seeing increased purchasing of gold in China, he continues.
Beijing is focused on getting the economy back on track, Tycangco says, with cryptocurrencies being the last thing on the Beijing government's mind.
#china #cryptocurrency #evergrande #gold
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Francisco Gimeno - BC Analyst The news on and about China are steadily increasing in the global media, both tradicional and new digital one. Mostly entered in economy and finances, with Evergrande possible default at the centre, but also has there have been new things that maybe reflect the seriousness of the government to change the way the economy, finance work to create a more equalitarian society for more than one billion people. The ban on crypto, the issues with mining, the e-Yuan experiment, the crisis in sectors which need urgent change are connected. What do you think?
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A pawn shop for NFTs? Startup NFTfi is bringing collateralized lending to the fast-growing NFT market, providing a gateway to DeFi for retail investors. Users can mortgage their NFTs in exchange for other cryptocurrencies that can then be sold for cash. The service provides immediate liquidity to NFT holders who aren't yet ready to part with their CryptoPunks or Bored Apes. "The Hash" squad discusses the latest move signaling the growing demand for DeFi applications.
#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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Francisco Gimeno - BC Analyst DeFi plus NFT? Awesome and hugely interesting. Evolution and different iterations help to widen the creativity of the digital financial space. Using NFTs to mortgage and exchange for cryptos which can be sold or traded is a logic development. What will be the next interaction? What do you think?
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"All About Bitcoin" host Christine Lee digs into today's top headlines that impact the bitcoin markets: Leading crypto mining machine maker Bitmain is said to halt sales in china amid crypto ban. Two U.S. Senators are propose legislation to track crypto mining and use cases worldwide. CleanSpark CEO Zach Bradford and Vincere Wealth Management Partner Isaiah Douglass provide their insights and analysis.
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LightShed Partners Rich Greenfield joins Yahoo Finance to discuss which company will come out on top in the ‘age-old battle’ between distributor and programmers and NBC’s hardline approach to Youtube TV on adding a TV bundle including Peacock.
#Google #youtube #TV #Peacock #NBC
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CoinDesk Learn Editor Ollie Leech explains Elon Musk's recent comments on crypto regulation and the fallout from China's most recent crypto crackdown.
#ElonMusk #crypto #China #government
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Francisco Gimeno - BC Analyst Why is Elon asking for no regulation on crypto? What are his public and even more importantly, his personal/business reasons? difficult to understand. Regulations are a need for everything in a human society, including crypto spaces. However, how much must be regulated, in which way and what kind of sceneries ask for more or less regulations is what should be though. There should not be a single blanket for all and everything. The world is changing so fast, and people like Musk have much more data than anyone of us to understand better what is going on and what it may happen short, middle and long term. Curious.
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Join us as we talk about China's troubled economy: The plight of the heavily indebted Chinese property company Evergrande has sparked fears of contagion that could damage economic growth in China, the world's second-biggest economy, then spill over into the supply chain and wreak havoc on global growth. There is a general perception that the Chinese government will intervene in some way to rescue Evergrande, despite its debts of $300 billion (€256 billion) and that Evergrande, unlike Lehman Brothers in the global financial crisis in 2008, is too big to fail.
In addition to Evergande's troubles, a power crunch in some parts of China has shut down factories and left households without electricity. The shortages come as coal prices rise and in some cases because of efforts to meet official energy use targets.
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#China #Evergrande #Economy-
Francisco Gimeno - BC Analyst DW again hitting the right nail with the right hammer. Evergrande crisis in China is only the tip point of a bigger event which could be a black swan, or at least a call for huge changes in the economic, financial sector in China, with all the challenges and opportunities that this brings, and the global consequences too. If we add to this energy crunch woes (not only there) and other imbalances, it seems this Autumn is going to be very interesting indeed.
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China has tightened regulations across many areas of society during the past few months.
The entertainment industry is the latest target.
Regulators banned reality talent shows and 'effeminate-looking' men on television.
They also limited the number of hours children can play video games.
It is happening as the government promotes President Xi Jinping's political ideology through the education system.
So what is this about?
Presenter: Imran Khan
Guests:
William Yang - President, Taiwan Foreign Correspondents’ Club.
Xiaoning Lu - Reader in Modern Chinese Culture and Language, SOAS University of London.
Elliott Zaagman - Writer and Co-Host, China Tech Investor Podcast.
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#China #RegulatoryCrackdown #InsideStory-
Francisco Gimeno - BC Analyst China under Xi Jinping is changing. It's always difficult to understand what are the magnitude of the changes, and their consequences both internally and for the rest of the planet. But it seems the government wants to make sure that all changes being introduced result in a more equalitarian society. The economy and finance need change, but also they need to control more the cultural and educational world, to better control the society (as they say, for the good of society, of course).
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James Peyer is the Chief Executive Officer and Co-Founder of Cambrian Biopharma. He also serves as the Chairman of the Board of Sensei Biotherapeutics and board and executive roles across Cambrian’s pipeline. He has spent his entire life dedicated to the mission of finding ways of preventing people from getting diseases like cancer and Alzheimer’s instead of waiting for people to get sick.
Nathaniel David has co-founded four biotechnology companies that have collectively raised over $2 billion in financing and have given rise to three IPOs, two M&A acquisitions, and four FDA-approved medicines (ALOGLIPTIN, TRELAGLIPTIN, ZEMDRI, and KYBELLA). Nathaniel holds 46 allowed patents in fields as far flung as nanovolume crystallography, antibiotic resistance, aesthetic medicine, and cellular senescence.
Kristen Fortney is the co-founder and CEO of BioAge, a clinical-stage biotechnology company developing a pipeline of treatments to extend healthy lifespan by targeting the molecular causes of aging. The company uses its discovery platform, which combines quantitative analysis of proprietary longitudinal human samples with detailed health records tracking individuals over the lifespan, to map out the key molecular pathways that impact healthy human aging.
Moderator Dina Radenkovic is a Partner at SALT Fund. Dina is an academic doctor and medical technology entrepreneur. She qualified with a dual degree in medicine and physiology from UCL Medical School. Dina is a co-founder and CSO of Hooke, an elite longevity research clinic, in collaboration with the Buck Institute for Aging.
SALT New York is a global thought leadership and networking forum at the intersection of finance, technology and public policy. Over the course of three days, leading investors, creators and thinkers will take the stage in support of SALT’s mission: empowering big ideas.
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Francisco Gimeno - BC Analyst Biotechnology is already changing the world we live, our own lives. CRISPR tech one of its results. It totally fits inside the disruption brought by the 4th IR, together with other new techs. New medicines, tinkering with cells, fighting against cancer or Alzheimer, or sickle cell disease, is just the beginning. One of the main projects is how to treat ageing, or even stopping (science fiction realm as it the science is now). The future is open to wonders.
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Ray Dalio of Bridgewater Associates sits down with Andrew Ross Sorkin of @CNBC to discuss
Changing World Order: Current Economic & Geopolitical Challenges.
Ray started Bridgewater out of his two-bedroom apartment in New York in 1975 and over the course of its 43-year history has grown it into the 5th most important company in the U.S. according to Fortune Magazine. For his innovative work, Ray has been called the “Steve Jobs of Investing” by aiCIO Magazine and named one of the 100 Most Influential People in the World by TIME Magazine.
Ray is the author of New York Times #1 Bestseller Principles as well as the author of Principles for Success, a distilled and easy-to-read illustrated novel of the bestseller, and Principles for Navigating Big Debt Crises. Ray has also published several studies his economic views, including “Why and How Capitalism Needs to be Reformed” and “The Changing World Order.” Both are available on LinkedIn and the latter will be published as a standalone book later this year.
SALT New York is a global thought leadership and networking forum at the intersection of finance, technology and public policy. Over the course of three days, leading investors, creators and thinkers will take the stage in support of SALT’s mission: empowering big ideas.
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Developed, created and produced by SALT Venture Group, LLC.-
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China’s President Xi Jinping is a force to be reckoned with. As leader of the Communist colossus, he commands the world’s attention, but who is China’s strongman and what is his agenda?
Born into the privileged life of a princeling, banished to poverty in the countryside during a political purge, his early life formed and framed his views on power and control.
His rise up the political ladder was propelled by party connections and an advantageous celebrity marriage. As he rose through the party ranks, he carefully crafted his image.
Today it’s a full-blown cult of personality featuring compulsory lessons in “Xi Jinping Thought”.
China specialists say that the country has already fundamentally re-written the international rule book. The question is, how will the rest of the world respond?
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Francisco Gimeno - BC Analyst Everybody can clearly see how China is changing. Its new five year plan wants to build a more equalitarian society, change all sectors, decelerate those which are in a bubble, all in the middle of a digital transformation, with a blockchain based platform which rewards or not according to social credit. The changes are enormous. But not all agree on what this means. For some, it means China is going to be the new main superpower, for others, this is going to finish bad in the short term, stating that the economy and finances in China are in dire crisis and even a war caused by a Taiwan invasion is possible. One thing to say is that China continues to be a mystery for many.
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Many European leaders have long pushed for a bigger military role.
One that is independent of the US-led NATO alliance.
The need for this increased military capability was recently made clear, during the chaotic evacuations from Kabul airport.
European nations had to rely almost entirely on the United States.
European Commission president Ursula Von Der Leyen says the bloc needs the political will to stand on its own.
She says the EU should be able to deploy a military force without relying on the US or NATO.
But what is holding it back from achieving this goal?
Presenter: Nastasya Tay
Guests:
Theresa Fallon - Director of Centre for Russia Europe Asia Studies.
David DesRoches - Associate Professor at National Defense University.
Nicholas Whyte - International Affairs Strategist.
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#EUmilitaryforce #NATO #InsideStory-
Francisco Gimeno - BC Analyst The EU depends, for its defence, on NATO. And NATO means, principally, USA collaboration. EU armies have professional troops, weapons, logistics and different strategies depending on possible sceneries, both inside and outside of EU borders. But, in case of a conflict, how effective an EU answer would be? There is no proper EU defence forces. In this new contest of geopolitical shifts, EU should either stand for itself or choose between USA or the new superpower China. All decisions have consequences.
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