Exchange Invest Weekend 2904: Marchlands of Crime

Patrick L Young
9 min readMar 2, 2024

The Myanmar marchlands of industrial crime, the Panama Canal’s Future, quake prep, Tectonic plates, the futility of kitchen renovations.

Exchange Invest is a unique information resource combining the day’s stories in a newsletter for investors in exchanges/financial markets infrastructure.

Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999) Patrick L Young. Monday through Friday our daily paid subscriber email discusses the business of bourses of all kinds across the world.

On this day in 1999, Hewlett-Packard announced that it would split its non-computer business into a separate company.

IN BIGWORLD

From Exchange Invest 2896:Thursday, February 22nd:

Such a busy start to the year we didn’t have a chance to discuss last December’s elections in Serbia where President Aleksandar Vucic was re-elected. Of course, the likes of the NYT had paroxysms, noting (Serbia’s Leader Tightens Grip On Power In General Election, Early Results Show — The New York Times):

“Like all previous elections in the deeply polarized Balkan nation, Sunday’s poll was marred by reports of voting irregularities and complaints that Mr. Vucic’s stranglehold on much of the Serbian media and on a large state sector employing hundreds of thousands of voters had again given his party an unfair advantage.”

Indeed it’s a coyote ugly state of affairs when the President even issues executive orders demanding government officials intervene in expanding voter participation and actively seek to count votes / man ballot boxes etc.

…Except the President who did that wasn’t Vucic, it’s none other than bigoted Biden himself. Joe Brezhnev signed Executive Order 14019 in 2021 (Executive Order On Promoting Access To Voting — White House)… Haven’t seen the NYT so worried about that one, oddly.

Meanwhile, after the general election in Pakistan, the outlook remains #itscomplicated:

In Pakistan, despite imprisoning party leader Imran Khan and making his candidates run as independents, his PTI party has still emerged as the largest in Parliament with 149 seats. 20 seats short of an overall majority…

Naturally, the military have manipulated a weak coalition of 8 other parties to keep Khan out of office and broadly guaranteeing the new govt will not last but the army’s influence on the country remains assured.

(Readers are welcome to wonder aloud at how the Pakistani manipulation of the election is a vast threat to democracy…according to the same sorts of journals which cheered Poland’s new government being formed by second place PO along with smaller parties, under Europhile PM Donald Tusk).

IPO-VID LIVESTREAM

NEXT WEEK TUESDAY: IPO-VID Livestream 135, Season 23: Episode 02

Guest: Rainer Zitelmann

https://www.youtube.com/watch?v=Cj9sWJIB6XM

Tuesday, March 5th: 1700 UK, 1800 CET, 1200 EST

“Unbreakable Spirit — With Rainer Zitelmann”

Rainer Zitelmann is a German historian, sociologist and multiple bestselling author, whose 26 books include “In Defence of Capitalism.” His books have been translated into 30 languages around the world along with his copious quantity of Op-Eds and he has twice been our guest on IPO-VID:

IPO-Vid 104: In Defence of Capitalism
IPO-Vid 116: Rainer Zitelmann — The Wealth Elite

An Ipsos Mori poll in 2021 revealed that 51% of Americans could not name a single successful person with a disability.

In this week’s IPO-VID, Rainer discusses his latest book “Unbreakable Spirit” discussing a wealth of incredible talent, all of which flourished with or, frankly, in spite of, disability. Learn more about this incredible tale from the horn player without arms through the likes of Hellen Keller and Frida Kahlo to a total of 20 remarkable figures of achievement through history.

Watch the stream on:

Facebook

LinkedIn

YouTube

NOW ONLINE!

IPO-VID Livestream 134: Season 23: Episode 02

Guest: Hamish Adourian

https://www.youtube.com/watch?v=N7qYBoJZsPM

Tuesday, February 27th: 1700 UK, 1800 CET, 1200 EST

“The Holistic Exchange & Operational Resilience”

Hamish Adourian is Head of Sales and Marketing at Sinara, a London-based software house established for over 30 years well known as a trusted software partner to leading financial institutions worldwide.

Hamish joined Sinara in 2006 as a software engineer, building a strong background in the design and development of systems for exchange operations, commodities trading and market data distribution.

Having a keen interest in business, he progressed into sales & marketing, bringing to Sinara’s customers his insights into how technology can help solve challenges faced by participants across the financial markets. Since 2021, Hamish has been responsible for Sinara’s sales and marketing operations, championing the SinaraTLC initiative, where Sinara has invested in a new suite of trading lifecycle components for brokers, exchanges and clearing houses.

Watch the stream on:

Facebook

LinkedIn

YouTube

IPO-VID LIVESTREAM PODCAST

https://www.exchangeinvest.com/ipo-vid-livestream-podcast/

In the IPO-VID podcast episode #131, Patrick L Young was joined by a versatile figure in commodities trading, music, and writing, Brad Schaeffer.

Make sure to tune in to this interesting and thought-provoking IPO-VID episode discussing “From the Floor To The Future.”

In the IPO-VID podcast episode #131, Patrick L Young was joined by a versatile figure in commodities trading, music, and writing, Brad Schaeffer.

Make sure to tune in to this interesting and thought-provoking IPO-VID episode discussing “From the Floor To The Future.”

Now available from multiple different podcast sources:

EI Website
Spotify
Google Podcasts
Apple Podcast

EI WEEKLY PODCAST

https://exchangeinvest.com/podcast/

There’s A Big SGX Buyback,

As We Celebrate,

C+100 USA!

NZX Keeps Growing,

The Little Worm Makes Another South American Breakthrough…

The Exchange Invest Weekly Podcast 234

https://www.nasdaq.com/?utm_source=https%3A%2F%2Fexchangeinvest.com%2F
https://www.bmlltech.com/?ref=exchange-invest.ghost.io
https://www.sinara.com/?exchangeinvest

VICTORY OR DEATH

https://www.amazon.com/Victory-Death-Blockchain-Cryptocurrency-FinTech/dp/8362627050?&_encoding=UTF8&tag=plybooksamzn2-20

20 years on from the first fintech bestseller “Capital Market Revolution!”… “Victory Or Death” is a must read book for anyone interested in the intersection of Blockchain, Cryptocurrency and FinTech as part of the whole future of finance.

Available worldwide.

  • Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.

Podcast This Week

Episode 400: A Story 400 Years In The Making: Prof. Kenneth Jackson Chronicles New York City

PLY: Hearty congratulations (from PLY AKA “178”) to Josh King, Pete Asch and Ian Wolff on reaching the 400 episode milestone “Inside the ICE House” with a fascinating range of guests on this weekly podcast.

FINANCE BOOK OF THE WEEK

In response to reader’s queries, we have added a book of the week column to the EI weekend edition — interesting books pertaining to exchanges and markets, investment et al.

— Anybody can sign up for EI Weekend for free at ExchangeInvest.com.

https://www.amazon.com/Little-Book-Common-Sense-Investing/dp/1119404509?&_encoding=UTF8&tag=plybooksamzn2-20

*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.

This week’s book was written by John C. Bogle and is deemed an investing bible by many: The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books, Big Profits) reveals John Bogle’s key to getting more out of investing: low-cost index funds. In a money-mouth geopositioning move of course remember Bogle was the founder and long-time CEO of Vanguard Group.

Get the book here.

*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.

Suggestions welcome if you would like to nominate a book for us to cover!

Our next Book of the week will be unveiled Saturday in the EI Weekend Edition.

& don’t forget if you want all the news on the bourse business sent daily to your Inbox subscribe to Exchange Invest — via Exchange Invest.com — it’s only $375 per annum to join “The Exchange of Information.”

BITCARNAGE

Pig Butchering V2.0

https://bitcarnage.substack.com/

The ugly spectre of ‘pig butchering’ a term for a vile thread of dating fraud raised its head again this week. Last year (Binance Got Off The Hook From $8m Tinder ‘Pig Butchering’ Lawsuit) when “Divya Gadasalli was “promised romance and financial prosperity” by a man going by “Jerry Bulasa” on Tinder, but ended up losing over $8 million” CZ Inc was excused from the case. Now however a Texan pensioner, one Leonard Licht has Binance and indeed CZ right in his sights: ‘Pig Butchering’ Victim Slaps Binance, Ex-CEO With RICO Suit (Law360) / Licht v. Zhao et al 1:2024cv10447 (US District Court for the District of Massachusetts | Justia)

In the end despite extradition being imminent, it looks as if, as we expected: Terraform Labs Co-Founder Do Kwon To Miss Start Of US SEC Trial (Reuters).

…we noted the Naira crisis which is causing the Central Bank of Nigeria all manner of problems — and they have been quick to cauterise as many crypto connections as possible to reduce capital flight. However, the numbers are eyepopping: $26bn Passed Through Binance Nigeria In One Year — Cardoso (Channels Television).

If you enjoyed this excerpt you may be interested to know that you can read Bitcarnage every day in Exchange Invest.

Alternatively, if you want to follow Bitcarnage — the daily update on happenings in the world of crypto and digital assets, then you can find Bitcarnage as a standalone on Substack.

MACRO THOUGHTS

1 Billion Years of Tectonic Plate Movement In 40 Seconds
Visual Capitalist

PLY: With an earthquake preparedness story below, worth considering the above very very long term trends.

OF INTEREST

As always, a review of interesting reading to provoke thoughts and consideration… Not sure we agree with much of it….but it’s thought-provoking!

Earthquakes In Japan: We Are Always Prepared
Medium

Inside The Chinese-Run Crime Hubs Of Myanmar That Are Conning The World: ‘We Can Kill You Here’
South China Morning Post

PLY: A chilling tale of how the modern world can still have marchlands with reamrkable legions of criminals in a digital world.

Saving The Panama Canal Will Take Years And Cost Billions If It’s Even Possible
The Japan Times

We Need To Free Greta Thunberg
UnHerd

“We may even reach roughly the same conclusions as Thunberg, after some thought. The question is more about why some of us ever wanted to switch off our brains and let a 15-year-old do the thinking and feeling for us.”

PLY: There is a cruel irony that Greta — memorably nicknamed “the Swedish doom goblin” by Rod Liddle — will fall foul of the cult of youth. Fun fact I had not known — her middle name is “Tintin.”

Kitchen Renovations Are A Zero-Sum Game
The Spectator

PLY: The domestic situation which can arguably create more earthquakes than all the world’s tectonic plates crashing together simultaneously…

LAST WORD

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IPO-VID In Patrick’s Opinion.

The future continues in the water cooler of the bourse business…

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Patrick L Young

Entrepreneur, Investor, Author. #Exchanges #Fintech #Startups #Motorsport Emerging Markets. CoFounder @Exchange_Invest @HanzaTrade @MissionToRun @YMarkets