Facebook has partnered with Visa and Paypal and they will launch Libra on Tuesday

I have been watching Bitcoin and the cryptocurrency market for years now, and so far it has been a bumpy ride. Its not mainstream yet and it seems like Bitcoin is just for traders, and not a currency people around the world use to buy things with. But Facebooks Libra can be a gamechanger.

Mark Zuckerberg and his team is expected to provide details about its brand new cryptocurrency called Libra in a white paper set for release on Tuesday. Only a few trade with Bitcoin, but what do you think will happen if nearly 3 billion users on Facebook start to trade with Libra?

Facebook has partnered with companies like Visa, Paypal and Uber to name a few. They have all invested in the cryptocurrency and will help to oversee its use. Libra will be tied to several traditional fiat currencies in a bid to protect Libra from price volatility.

Bitcoin and the comming cryptocurrency Libra is not alone in the market. There are hundreds of other cryptocurrensies out there and there is more to come. What do you think will happen when Google and Amazon is joining the club?

Barclays analyst Ross Sandler predicted earlier this year that the digital currency could produce as much as $19 billion in new revenue in just two year for Facebook alone. It will be one of the most important milestones for Facebook in the history of the company.

Facebook can really help countries in need. Facebook`s Libra can provide a more stable market in areas with volatile currencies and unstable governments. It can be helpful for countries like Venezuela and other countries with ridiculous inflation.

Mark Zuckerberg`s brand new cryptocurrency platform could provide the embattled social media giant with a new revenue stream of historic proportions as it contends with a possible fedral antitrust probe and continued scrutiny over its data privacy practices.

Facebook`s long-awaited cryptocurrency payments plan will be exposed on Tuesday and analysts are bullish. This is a big and historic moment for Facebook and the world.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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China has committed to respect Hong Kong`s autonomy until 2047

A few days after the 30th anniversary of the 1989 Tiananmen Square protests in China, hundreds of thousands of people took to the streets of Hong Kong to protest a proposal extradition law. If the bill gets passed, it would allow Chinese authorities to order Hong Kong authorities to arrest and deport suspected criminals to mainland China.

This is a big deall because a lot of so-called «crimes» in mainland China are not crimes in Hong Kong or other free countries. This is crimes like wanting more democracy and rule of law. Liu Xiaobo was a Chinese human rights activist who was sentenced to 11 years in jail.

Liu Xiaobo wanted democracy and he is the founder of the Charter 08 campaign for constitutional reform, but the Communist Party didn`t like that at all. The Catholic bishop died in China after 14 years in prison because of his faith.

Cosmas Shi Enxiang said to have spent half of his 94 years in prison or working in forced labour camps because of his faith. This triggered renewed criticism of the Godless Communist Party`s draconian curtailment of religious freedoms.

This is what British Prime Ministe Margaret Thatcher said in a meeting with Communist leader Deng Xiaoping when they negotiated the terms over Hong Kong to China. They came to this agreement that Britain would give over Hong Kong peacefully to China, under the condition that Hong Kong would be able to retain its way of life, legal system, their economic system, freedom of speech, freedom of press and freedom of association.

These are fundamental freedoms, Thatcher said. Freedom of religious worship. These are fundamental freedoms, and they must continue, she said.

China agreed and said they will let them be independent and govern themselves for 50 years while they kind of adjusted to Chinese rule The system was called «One country, two systems» model and it was kind of unprecedented. And this is why the border between Hong Kong and the rest of China is so weird. It divides China from…..eh…..China. That`s odd.

The border seperates the country into two, but also because it has an expiration date: July 1st, 2047.

Until then, China has promised to stay out and let Hong Kong be highly autnomous. Hence the border. But the government of China doesnt want to wait until 2047. Theyre ready to start erasing this border now.

They want to make Hong Kong a proper part of China and one of the ways theyre doing that is their huge bridge between mainland China and Hong Kong. It is the worlds largest sea crossing bridge and its 55 kilometers. That`s 34 miles. The bridge connects Hong Kong with Macau and mainland China.

But why do Hong Kong have a border with China if they belong to China? We need to look at the history. Britain and China fought a couple of wars over trade in the 1800s and Britain took over Hong Kong as a colony.

At this time, this was a mainly empty rocky group of islands in Southern China. Under British rule, Hong Kongs population and economy exploded and even though Hong Kongs population was mainly made up of immigrants from China, it became a very different society than mainland China which was undergoing a communist revolution.

One of the treaties that China and Britain signed said that Hong Kong would be a British colony for 99 years, which meant that the agreement would officially expire in 1997. Thatcher and Xiaoping had a meeting in the 80`s and called the agreement «One country, two systems.»

The border in Hong Kong became a symbolic of the fact that China was some kind of its own country at the same time. Hong Kong is governed with its own values and its own system that is different than China, that is in opposition to China in some ways.

China has committed to respect Hong Kongs autonomy until 2047, and for the first decade after the handover, they respected that promise. Hong Kong was Chinas most economically productive city. In the early 80s, right before the handover, Hong Kong was more than a quarter of the size of Chinas entire economy. You see why China would agree to these terms. They wante to make Hong Kong happy and economically free. But then things changed.

Shanghai, Chongqing, Beijing, Guangzhou and Shenzhen was growing fast and became China`s Mega Cities. These cities eventually eclipsed Hong Kong as the economic powerhouse of China. Shenzhen is the city that shares the border with Hong Kong went from a small fishing village of around 30,000 people to a super productive economic powerhouse of over 10 million in just a few decades.

Hong Kong made about 27% of Chinas GDP in the early 90s but today the number is only 3%. So, Hong Kong, once the economic powerhouse of China and the gateway to the West, became much less economically relevant.

Now, the Chinese government doesnt have the same incentives to respect Hong Kongs autonomy. This is why we see a flood of Chinese influence in Hong Kong. You can see on the news in Hong Kong. The language of the news in Mandarin which is the official language of China.

But in Hong Kong they dont speak Mandaring, they speak Cantonese. Dont they say if you want to kill a city, you kill its language first?

Last time people in Hong Kong protested was in 2014. The Chinese government was trying to control who could run for Hong Kong`s election in an effort to secure a pro-China candidate.

This really tuched a nerve for the locals because this was their democratic process. Something that China promised they would stay out of. So, people immediately took to the streets and protested. The movement at that time was called the «Umbrella movement.»

The Umbrella Movement was a manifestation of this growing Hong Kong identity and the resistance to Chinese government influence. People in Hong Kong see themselves as Hong Kongers and only 18% say they see themselves as Chinese.

People in Hong Kong use to meet in Victoria Park with lights. These candleholders stand as a symbol of the fight for democracy against China`s single party rule. The fight in Tiananmen Square is the same fight we see in Hong Kong today.

They are resisting a powerful China in the struggle for their own democracy and identity. People in Tiananmen Square lost the fight 30 years ago. Who will win in Hong Kong?

This is a big challenge to Hong Kongs leadership. Especially Chief Executive Carrie Lam whos the equivalent of Hong Kongs governor. She defended the Extradition Bill, and thats why she is so unpopular.

«I have not received any instruction or mandate from Beijing to do this bill,» she said live on TV. So, she decided that it is OK that the Communist Party in Beijing run roughshod over Hong Kong`s rule of law? This is why people want her to resign over the bill.

The Communist Party and the Mainstream/state-run Media in China blame on USA, CIA and Foreign forces. They claim «Foreign forces are seizing the opportunity to advance their own strategy to hurt China by trying to create havoc in Hong Kong.» The State-run media doesn`t specifically name who those foreign forces are.

Both, young and old people protested in Hong Kong in 2014 in the Umbrella Movement. The same happened on Sunday. Not only students, but also lawyers and business people were protesting. They did it because it is important for them and for Hong Kong. They don`t want a Godless, Communist one rule party to dictate them. They want freedom and liberty.

This GIANT protest in Hong Kong can change everything.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

 

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Uber and Bolt will compete in London and they have both a licence valid for 15 months

Uber is not alone in the market. Today, on Tuesday, Estonia-based Bolt launced in London. Uber will also face competition from Indian rival Ola which is backed by Softbank and a start-up backed by Chinese competitor Didi Chuxing.

Bolt, which is also know as Taxify have so far 20,000 registered drivers. In addition; the French app Kapten which is often called Chauffeur Privè, has also entered the market in London. Uber have huge competition with Ola in India and CEO and founder of Bolt, Markus Villig said Uber`s monopoly i London has come to an end.

Bolt are charging drivers much less to use its platform than Uber and that will be a huge challenge for Uber. Bolt will take 15% commission while Uber will take 25% commission for most drivers.

Bolt raised $175 million in funding from Daimler last year, along with funding from Transferwise and Chinese ride-hailing app Didi Chuxing.

The competition in the market can be seen in Uber`s revenue growth which have stalled over the past year. Lyft went public in March this year and Uber will face huge competiton in the U.S market.

The Softbank-backed food delivery company DoorDash has also been a national market share leader, and Uber have launched a pilot of its free-floating bike service called Junp in London. A food-delivery service called Uber Eats.

Uber won back a 15-month licence last year and so did Bolt. Uber was banned in London in 2017 because it was found to not be a «fit and proper» operator. The car-hailing app Bolt was also banned by Transport for London in 2017 because it did not have a licence. Bolt waited 18 months for its licence and now it is valid for 15 months.

London Mayor Sadiq Khan has defended the citys right to cap the number of Uber vehicles, and hes faced a lawsuit from drivers who are claiming racial descrimination over the city`s plans to charge them a daily congestion charge.

Forget about expensive taxi rides and slow public transport and move around fast and affordably. Your driver arrives in minutes.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

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Strong and emotional speech from President Trump at 75th D-Day anniversary in Normandy

Another strong speech by President Trump at 75th D-Day anniversary in Normandy on Thursday. A very emotional speech and not at least; historic. I remember Bill Clinton and George Bush`s speeches but this one was very special. Not to say magic.

I have repeated myself for decades; Its all about the good people and the bad people. Thats it. The Nazi regime was a terrible terrorist regime and their goal was to take Europe, but they failed. The turning point was in Normandy in France and we can thank America for that.

They saved Europe from tyranny and gave Europe Freedom and liberty. “We pledge that our nations will for ever be strong and united,” Trump said in the speech.

This year, it is 30 years since the Tinananmen Square massacre in China were the Communist party killed its own citizens. This year, it is 75 years since the battle in Normandy in France were the people won against the terrorists.

“When governments fear the people, there is liberty. When the people fear the government, there is tyranny.” What some elite people don`t understand is that the federal government is our servant, not our master!»

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

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President Trump had a historic Royal State Dinner in Buckingham Palace with Queen Elizabeth II

President Trump had a Royal State Dinner in Buckingham Palace Ballroom on Tuesday, and it was a historic moment. He had a meeting with the greatest leader the world has known for the last six decades, plus.

A leader who doesn`t get nearly the credit she deserves for the intelligence, strenght, diplomacy, class, personal faith, and sense of duty and service she has demonstrated during her rule. The leader we are talking about is Queen Elizabeth II.

Mr Trump is in the UK for a three-day state visit, which includes the 75th anniversary of the D-Day landings. He talked about the Nazis and praised the courage of the British people during World War II in his speech on Tuesday and he praised the «eternal friendship» between the UK and US.

«In the dark hour, the people of this nation showed the world what it means to be British,» Trump said, adding that their bravery ensured that the destiny of the country «remained in your own hands».

Trump ended his speech with a toast to «the eternal friendship of our people, the vitality of our nations and to the long-cherished and truly remarkable reign of Her Majesty the Queen».

The Queen praised the two countries` role in creating an assembly of international institutions that would ensure «the horrors of conflict would never be repeated». She also said the countries were celebrating an alliance which had ensured the «safety and prosperity of both our peoples for decades».

In addition, the Queen said; «I am confident our common values and shared interests will continue to unite us».

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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