On March 2020, the US Senate passed a $2 trillion coronavirus stimulus bill aimed at slowing the economic free fall caused by the measures adopted to slow the spread of the virus. To obtain this money, the U.S. government will borrow it by issuing Treasury bonds, which will then be sold to banks. Should the banks not have enough money to buy all of them, the Federal Reserve (FED) will lend the government as much as needed to make up the balance. The banks will sell the bonds they purchased, to investors from around the world. And because bonds can…
There is something I don’t understand. Here in the US, every time I listen to a crypto influencer talking about IOTA, I hear mainly negative things. Like most of us, I am hooked on the crypto industry, and in 2016, I started looking into IOTA. I learned that IOTA has a different architecture from the traditional blockchain architecture, and I learned that if you come from the blockchain world, the tangle is not easy to understand. …
I live in the USA and I started 2014 with Cryptos but more as a bystander and observer. It was 2016 when I started working full-time in this industry. As many of us, I suffer every time something negative is mentioned: a maximalist throws up with some stupid arguments, the press pretends to find the 1228th negative point to Bitcoin, a professor or politician saying: “it will never happen”, a friend smiling and telling you “you are wasting your time”. And we then all gather together around our influencers that will tell us: “it is all going to be great”.
…
Introduction
This paper is focused on the financial and monetary economies of small countries.
The research described in this paper is based on the economic theory of Prof. Perry G. Mehrling, professor of economics at Barnard College in New York City. According to Prof Mehrling (1), in the current global monetary system, a nation’s central banks occupy a special place at the top of the hierarchy of financial instruments and financial institutions. As such, they play a key role in the short- and long-term stability and success of a country. …
Small countries are characterized by the World Bank by a small population, limited human capital, and a confined land area. Small countries have always been dependent on the support of larger countries or international organizations, and in many cases, larger local problems can only be resolved with external support.
Current issues of small countries
Looking at the current situation, and again according to the World Bank, small countries share the following challenges:
1. Governments must play a significant role due to the high demand for expenditures.
2. Providing public services to small scattered populations can be costly.
3. Small island states are highly exposed to…
Not really. I am from Colombia (neighbor country to Venezuela) and lately I am hearing many stories how crypto enthusiasts want to save Venezuela using cryptos. It is noble when people want to help, but in the case of Venezuela I see that many ideas will not lead to any results.
The stories
Fighting for Freedom in Venezuela: How Crypto Helped Héctor’s Family Buy Food (Bitcoinmagazine, Jul 6 2018) , “On July 1, 2018, Héctor* received 0.5 nano. The transaction was a first for the Venezuelan, and he received it thanks to a donation from one of his fellow countrymen. To some…
The Young Generation Holds a Different Perspective
The recent report on Millennial Behavior published by Goldman Sachs sheds new light on this generation: they are the largest demographic, expanding further as they advance into their prime working and spending years, and the subsequent environmental impact will be huge.
Recently I was interviewed by a well-known economics journalist…. and I was surprised.
The background: I am the CEO of a company that is going to implement blockchain technologies in small countries. The process will start by upgrading the local fiat currency to a blockchain based cryptocurrency, accompanied by tools like transfer, exchange, taxes, KYC, AML, reporting…
A currency as a cryptocurrency has many advantages and will — from my point of view — change economics fundamentally.
· Simple example: such a currency allows a government to help bypass restrictions like the lack of correspondent banks.
· More complex example…
This article was updated 29th January 2019
The World Bank defines small states as countries or nations characterized by a small population (less than 1.5 million people), with limited human capital, and a confined or isolated land area. Small states are challenged to prosper at optimal efficiency and effectiveness. With limited economic developmental options, and the tsunami-like effects a volatile market can create, small states need not assume added risk in applying their monetary systems and policies.
Let us examine the numbers and analyze the situation of these countries.
Gross Domestic Product (GDP)
Growth is a political as much as an economic choice. For…
The World Bank characterizes small states as countries or nations characterized by a small population (less than 1.5 million people), with limited human capital, and a confined or isolated land area. Small states are challenged to prosper at optimal efficiency and effectiveness. There is no traditional development model that works for this diverse group of countries or nations.
With limited economic developmental options, and the tsunami-like effects a volatile market can create, small states need not assume added risk in applying their monetary systems and policies.
XENTAVO products and services will allow private and public leadership to focus their efforts…
