When we deplore others for not playing by the rules, it is often because they do not play by our rules.
This guest article was written by William Laraque who is the Managing Director of US-International Trade Services.
Scapegoats,ignorance and Machiavelli
Several U.S. GOP presidential candidates have used China as a scapegoat for U.S. economic woes. Some have recommended an isolationist and walled-in approach.
In a display of grotesque ignorance, the governor of NY, after leading a trade mission to Cuba, gave a speech about selling NY apples and dairy products to Cuba. Anyone with a rudimentary knowledge of U.S. export controls knows that selling such products to Cuba would be a violation of sanctions which have existed for 50 years. A more sophisticated approach would involve checking the CLS or Country Limitation Schedule of the U.S. Ex-Im Bank (Exim.gov) to see if such sales are authorized and supported.
I initially thought that this might be a Machiavellian ploy on the part of the NY governor to exercise his power of pardon for those fined, debarred and imprisoned as a result of following his trade advice. In the Prince, Machiavelli counsels the prince to do heinous deeds privately while being publicly gracious. In the Discourses, his less read work, Machiavelli counsels the regent that the people are content when the regent obeys the law.
Economic ties
30 years ago, Xi Jinping visited Muscatine Iowa. Xi Jinping was then a low-level Chinese government official. Since that time, close ties have formed and exports from Iowa to China have reached almost $1 billion, according to the U.S. Census Bureau (part of the U.S. Commerce Dept.), which is charged with keeping U.S. export statistics.
China will be buying $5.3 billion worth of soybeans from Iowa farmers, in accordance with a deal struck last September. Soybeans are Iowa's top crop and the amount of this order represents the total volume of soybeans produced by Iowa farmers in one year.
Cuba
When president Obama at the urging of Pope Francis I, announced plans to reopen relations with Cuba in late 2014, Marco Rubio declared: "It's absurd and it's part of a long record of coddling dictators and tyrants that this administration has established."
The tyranny within
The word "tyranny" is used a lot by supposed patriots, by international trade poseurs and arrivistes. The tyranny with regard to U.S. agricultural exports is not solely defined by how China, Cuba and other nations are governed.
Robert Reich indicated in his latest book that farmers, including Iowa farmers, are not permitted to sell corn and soybean seed except through Monsanto.
Tyranny can be as equally economic as it is political. Monopoly and oligopoly define economic tyranny.
The rules
When we deplore others for not playing by 'the rules', it is often because they do not play by 'our rules'.
This guest article was written by William Laraque who is the Managing Director of US-International Trade Services.
Scapegoats,ignorance and Machiavelli
Several U.S. GOP presidential candidates have used China as a scapegoat for U.S. economic woes. Some have recommended an isolationist and walled-in approach.
In a display of grotesque ignorance, the governor of NY, after leading a trade mission to Cuba, gave a speech about selling NY apples and dairy products to Cuba. Anyone with a rudimentary knowledge of U.S. export controls knows that selling such products to Cuba would be a violation of sanctions which have existed for 50 years. A more sophisticated approach would involve checking the CLS or Country Limitation Schedule of the U.S. Ex-Im Bank (Exim.gov) to see if such sales are authorized and supported.
I initially thought that this might be a Machiavellian ploy on the part of the NY governor to exercise his power of pardon for those fined, debarred and imprisoned as a result of following his trade advice. In the Prince, Machiavelli counsels the prince to do heinous deeds privately while being publicly gracious. In the Discourses, his less read work, Machiavelli counsels the regent that the people are content when the regent obeys the law.
Economic ties
30 years ago, Xi Jinping visited Muscatine Iowa. Xi Jinping was then a low-level Chinese government official. Since that time, close ties have formed and exports from Iowa to China have reached almost $1 billion, according to the U.S. Census Bureau (part of the U.S. Commerce Dept.), which is charged with keeping U.S. export statistics.
China will be buying $5.3 billion worth of soybeans from Iowa farmers, in accordance with a deal struck last September. Soybeans are Iowa's top crop and the amount of this order represents the total volume of soybeans produced by Iowa farmers in one year.
Cuba
When president Obama at the urging of Pope Francis I, announced plans to reopen relations with Cuba in late 2014, Marco Rubio declared: "It's absurd and it's part of a long record of coddling dictators and tyrants that this administration has established."
The tyranny within
The word "tyranny" is used a lot by supposed patriots, by international trade poseurs and arrivistes. The tyranny with regard to U.S. agricultural exports is not solely defined by how China, Cuba and other nations are governed.
Robert Reich indicated in his latest book that farmers, including Iowa farmers, are not permitted to sell corn and soybean seed except through Monsanto.
Tyranny can be as equally economic as it is political. Monopoly and oligopoly define economic tyranny.
The rules
When we deplore others for not playing by 'the rules', it is often because they do not play by 'our rules'.
AI in Trading Must Comply with Commodity Laws, CFTC Warns
Executive Interview with Daniel Moczulsky | eToro | FMLS:24
Executive Interview with Daniel Moczulsky | eToro | FMLS:24
Executive Interview with Daniel Moczulsky, Managing Director UK at eToro at the Finance Magnates London Summit 2024
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Executive Interview with Daniel Moczulsky, Managing Director UK at eToro at the Finance Magnates London Summit 2024
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Executive Interview with Michael Higgins | Hidden Road & ATFX | FMLS:24
Executive Interview with Michael Higgins | Hidden Road & ATFX | FMLS:24
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Executive Interview with Delphine Forma | Solidus Labs | FMLS:24
Executive Interview with Delphine Forma | Solidus Labs | FMLS:24
๐ Crypto Regulation and MiCA: The Road Ahead for Brokers and Exchanges ๐
In this must-watch interview, Delphine Forma, Head of UK and EU Policy at Solidus Labs, breaks down the challenges and implications of crypto regulation in #Europe, including the upcoming implementation of MiCA (Markets in #Crypto-Assets). From fragmented regulatory landscapes to unprepared exchanges, Delphine highlights the urgency for brokers and platforms to align with new frameworks by December 30.
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๐ Crypto Regulation and MiCA: The Road Ahead for Brokers and Exchanges ๐
In this must-watch interview, Delphine Forma, Head of UK and EU Policy at Solidus Labs, breaks down the challenges and implications of crypto regulation in #Europe, including the upcoming implementation of MiCA (Markets in #Crypto-Assets). From fragmented regulatory landscapes to unprepared exchanges, Delphine highlights the urgency for brokers and platforms to align with new frameworks by December 30.
#fmls #fmls24 #fmevents
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Executive Interview with Brandon Mulvihill | Crossover | FMLS:24
Executive Interview with Brandon Mulvihill | Crossover | FMLS:24
๐ Crypto Execution, Market Structure, and the Road Ahead: Insights from Brandon Mulvihill, CEO of Crossover #Markets ๐
How are #crypto execution venues reshaping the digital asset space for retail and institutional brokers? In this exclusive interview, Brandon Mulvihill, Co-Founder and CEO of Crossover Markets, shares insights on the gaps in market structure, innovations in crypto #trading, and the future of digital asset infrastructure.
With the emergence of ECNs in crypto and declining costs of trading, the digital asset space is maturing rapidly. Discover how macro trends like pro-crypto sentiment, institutional participation, and regulatory optimism are driving growth and reshaping opportunities in the crypto markets.
#fmls #fmls24 #fmevents #digitalassets
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๐ Crypto Execution, Market Structure, and the Road Ahead: Insights from Brandon Mulvihill, CEO of Crossover #Markets ๐
How are #crypto execution venues reshaping the digital asset space for retail and institutional brokers? In this exclusive interview, Brandon Mulvihill, Co-Founder and CEO of Crossover Markets, shares insights on the gaps in market structure, innovations in crypto #trading, and the future of digital asset infrastructure.
With the emergence of ECNs in crypto and declining costs of trading, the digital asset space is maturing rapidly. Discover how macro trends like pro-crypto sentiment, institutional participation, and regulatory optimism are driving growth and reshaping opportunities in the crypto markets.
#fmls #fmls24 #fmevents #digitalassets
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Executive Interview with Laura Mccracken | MyGuava | FMLS:24
Executive Interview with Laura Mccracken | MyGuava | FMLS:24
๐ณ #Payments Innovation and #Fintech Trends: Insights from Laura McCracken ๐ณ
In this interview, Laura McCracken, Non-Executive Director at Guava, explores how financial services are evolving through rebundling, the rise of #financial super apps, and embedded finance. As customers demand simplicity, fintech startups are driving innovation in cross-border payments and remittances, with unconventional partnershipsโlike social media platformsโunlocking new global opportunities. From streamlining payments to integrating services into daily life, the future lies in efficient, unified solutions that deliver value to both businesses and consumers.
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๐ณ #Payments Innovation and #Fintech Trends: Insights from Laura McCracken ๐ณ
In this interview, Laura McCracken, Non-Executive Director at Guava, explores how financial services are evolving through rebundling, the rise of #financial super apps, and embedded finance. As customers demand simplicity, fintech startups are driving innovation in cross-border payments and remittances, with unconventional partnershipsโlike social media platformsโunlocking new global opportunities. From streamlining payments to integrating services into daily life, the future lies in efficient, unified solutions that deliver value to both businesses and consumers.
#fmls #fmls24 #fmevents
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