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The ARCC Report

Author: Eric Tao

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THE ARCC REPORT is a podcast featuring stories about The International Blockchain Monetary Reserve’s mission to break the cycle of poverty, exploitation and wealth disparity in emerging markets through the decentralized network effects of blockchain technology. Throughout this podcast series, we're going to be discussing topics like inequality, social justice and financial inclusion--items that may not make the front page, but are certainly top of mind for us, and that we think you might find interesting as well. But more importantly, we're going to be discussing what you and I can do to help create change. We're going to share our personal stories as it relates to our own social impact project, currently underway in Southeast Asia. This podcast is hosted by Eric Tao and features IBMR’s Managing Director, Sinjin David Jung. To learn more please visit IBMR.io
6 Episodes
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The International Blockchain Monetary Reserve (IBMR.io) has just launched MESE.io, the Microequity Stock Exchange. It’s the world's first microequity exchange that allows micro participation in the global tech equities market. MESE.io's mission is to create a financially inclusive platform for equities on the microfinance level for developing and emerging markets.Today's conversation is with IBMR.io managing director, Sinjin David Jung. Sinjin, and I go in depth on MESE.io, covering everything from the field of microfinance, the history of microloans and how they affect the urban working poor, to the urgent need for new financial products that are less invasive in nature. We cover the innovative financial structure of a microequity and how the blockchain makes it all possible. And lastly, we cover the all important topic of financial inclusion and the need to mitigate risk for users and Sinjin answers the all important question of why he decided to create MESE.io in the first place. All this and much more on the ARCC REPORT!
Libra, Libra, Libra

Libra, Libra, Libra

2020-07-0132:21

Libra, Libra, Libra. We'll review it from its inception to its current-day structure. We'll examine it as a financial instrument and through the lens of a social impact project. We will take a look at what it will take for the coin to gain acceptance in its target markets and examine all of the risks involved.  And finally, we'll compare it and contrast it with our own social impact project currently underway in Southeast Asia. So buckle up, this and a whole lot more coming your way on this episode of The ARCC Report!
Today we’ve got a doozy… we’re going to do a deep dive into the economic systems that drive the economies of Southeast Asia with a specific focus on the area of microfinance. Financing is one of the biggest stumbling blocks for entrepreneurs anywhere. Finding the capital for even a small business can be difficult. Yet, there has been exponential growth in the number of small and medium enterprises in the Southeast Asia region. Which on the surface seems outstanding as small businesses are the backbone of any economy, right?  But just how these SMEs get their capital can play a huge role in their success or failure.  We’ll take a deeper look into the practice of microloans and compare it with a potential alternative solution, the microasset.  And finally, we’ll end on a fascinating discussion about productivity, how productivity shapes equality, and what kind of production may be best suited for society.All this and more on this episode of The ARCC Report!
In this episode we’ll be speaking about a topic that's near and dear to Sinjin’s heart and that's the practice of remittances.  A remittance is simply the transfer of money, usually by a foreign worker, to an individual or family member back in their home country in order to provide financial support.  Money sent home by foreign workers competes with international aid as one of the largest financial inflows to developing countries.  According to the World Bank, in 2018, overall global remittance grew at a rate of 10% to $689 billion dollars, which included $528 billion going to developing countries.Now, the big questions that I wanted to cover with Sinjin in this episode are: are remittances a good thing? Isn’t it a positive thing that individuals are supporting their loved ones and families by working a higher paying job overseas that they couldn’t get in their home country?  Doesn’t it make sense then, that we should be trying to find a way to make the whole process of remittance easier?  Listen on and you’ll hear these answers and more on this episode of The ARCC Report!
In today's conversation with the International Blockchain Monetary Reserve's Managing Director Sinjin David Jung and with IBMR's Head of Research, Cyrus Afkhami, we discuss inequality in both emerging and developed countries and what we might expect from the next normal that arises out of the COVID-19 pandemic. Ever the academic, Cyrus takes a historical view on the current situation and looks at how past events throughout Anglo American history have ended up changing society, unequivocally. We discuss what to expect in both the United States and in emerging markets once the quarantine is lifted and life begins to return to normal and how the situation in emerging markets may be totally different than from what happens in developed countries. And finally, thankfully, we end on a bit of an optimistic note where Sinjin discusses possible alternatives to the status quo and how emerging markets and specifically the urban working poor can be empowered through decentralization. All this and more on this episode of The ARCC Report!
This episode focuses on the financial and societal effects of the COVID-19 virus and what the conditions of the upcoming economic downturn that we're about to enter could mean for people in the developing nations of Southeast Asia.  Today's conversation is with IBMR's Managing Director, Sinjin David Jung, and with IBMR's Head of Research, Cyrus Afkhami.  Sinjin discusses how the current global leadership has never been tested the way they're being tested now, and how it could lead to major social problems and changes during the world's recovery. He also talks about how governments and infrastructures throughout the world are currently being exposed as insufficient. And that it's the poor and the working classes who will inevitably suffer the most. But there is a silver lining in all of this. Throughout the world, we're starting to see examples of people organizing themselves to take care of their communities and solve the issues that their governments couldn't solve. Be it delivering food to those who need it or procuring much needed masks and PPE for frontline healthcare workers, people are coming together and looking out for one another. All this and more on this episode of The ARCC Report! 
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