Teaching Financial Institutions and Nations the Art of Global Trade

Part 2 of Film, Music, Relevance and Democracy?

The World’s Largest Business is global trade. Since the days of the Vikings and the Rus establishment of Kiev, a trading post along the Dnieper River, the Vikings have turned from violence to trade.

WSJ: Salt and Pepper - "Sure, hunting and gathering's a nice start, but what about producing, sales and distribution??"

But some never got the message.

Update

Putin et alia:

never got the memo from Peter Drucker that "Culture eats Strategy for Breakfast," when he made a geopolitical grab for Kyiv and Ukraine's global trade. He failed!

Multinationals

Apple has regained its status as America’s largest multinational company with net sales of $365. 82 billion in 2021 and a net profit of $94.68 billion for the same year.?

According to HSBC and in comparison, to Apple's business, global trade amounted to $19 trillion in 2021.?

Historical Relevance

FDR used the link between global trade and domestic economic vitality to revive the American economy after the Great Depression.??Global trade was used by the culturally based resources of the German landesbanks and the mittelstand to revive the post-war German economy. Whereas Russia surrounded Berlin and confiscated German machinery, the U.S.-led Berlin Airlift used EDI to furnish a beleaguered Berlin all it needed to survive.?

We are reminded by history of FDR’s skilled application of leadership, when the strength of the dollar impacted the price of American-made goods and American agricultural products. Inflation, as it does now, rose during the Hoover Administration. FDR saved our nation’s economy and that of Europe with the Marshall Plan. MacArthur’s employment of Deming and statistical quality control transformed Japan.?

Isolationism and False Patriotism

During the Hoover Administration, the Smoot-Hawley Tariffs and other obstructions to global trade, which Hoover was compelled to implement by two isolationist American Congressmen:

Willis C. Hawley (left) and Reed Smoot in April 1929, shortly before the Smoot-Hawley Tariff Act passed the House.?

These two Protectionists and Isolationists, contributed under the banner of Patriotism:

contributed massively to a cyclical round of competitive currency devaluations which along with the Dust Bowl, made painful to many Americans, the Great Depression:

Today, the USD (U.S. Dollar ) is again strong:?

NYTimes

NYTimes

"No good times, no bad times, no times at all, just the NYTimes" ~ Simon and Garfunkel

Our climate is still changing:

The Russian invasion of Ukraine has obstructed that country’s shipment of wheat, barley and sunflower oil through the Black Sea and the constricted logistics have caused the price of daily bread to rise meteorically, everywhere in the world.?

Putin will now take credit for resolving the issue with Turkey-by messaging the naive and ignorant of global history - with propaganda.

Germany

Today Germans export to an average of 6 countries, greatly assisted by Germany’s banking structure and organization.?

Chile

As a result of an entrepreneur-targeted educational and mentoring program called ProChile:

Carlos Honorato

Chilean businesses export to an average of 13 countries. U.S. small businesses, when they do export - which is rare, sell to 2 countries, Canada and Mexico.?

Solutions: Education, Innovation?and History

“To reach a port we must set sail – Sail, not tie at anchor - Sail, not drift!” ~ FDR

Update - Back to the Future

"We choose to go to the moon. We set sail on this new sea because there is new knowledge to be gained, and new rights to be won, and they must be won and used for the progress of all people.” - JFK

JFk was assassinated in America, as were Abraham, Martin and John -as the song goes, as was Robert.

The Creative Destruction of Capitalism

The most creatively disruptive (not destructive) concept regarding education and innovation today is not expressed in Facebook's "Move fast and break something,” in Apple's "Innovate or Die,” or in Usher’s “Evolve or Evaporate.” It is expressed in FDR's statement that "It is the most important duty of a statesman to educate." Education is the principal mission of all leadership.?It is also the principal means of achieving dynamic economic growth. Global trade success is also a principal defense against violence and war.?

Educating in Correlation* and Visualization in Global Trade

Correlation*

“Fair Winds and Following Seas”

Thanks to the innovations of today, we fly over the waters, but America has lost the trophy most revered by its elite, the America's Cup:

With Correlation*, the principal product of The Following Sea (https://the followingsea.com ) the buyer and seller communicate the distinctive QR or Quick Response Manifests representing both what was ordered by the buyer’s P.O. and what was manufactured and shipped by the seller’s invoice.?

At the time of shipment, the distinctive QR encoded manifests are sent to the trade settlement and payment lender upon wheels up of an aircraft or upon a vessel leaving the port of embarkation.

Settlement and Payment?

Settlement and Payment are, as usual, determined by the underlying terms of the sales agreement or contract and the seller and buyer create QR encoded manifests that become embedded as a Non Fungible Token (NFT):

using Blockchain:

Embedding the QR codes in NFT binds the QR code to a public contract, the underlying agreement for which visibility and authentication are provided. A match of P.O. and Invoices that are chosen to be discounted, are paid and settled by the lender. Payment and settlement occur in an automated fashion as all commercial and political risks are covered before the matching process.?

Geolocation and EDI are concurrently used to determine the actual location of the shipment, the truck, aircraft or vessel that the goods are laded aboard. This provides comfort to the buyer and to the financing entity which can trace the whereabouts of moveable assets.?

Fintech and the Financial Industry

The role of the financial industry in future will be to facilitate small business access to trade and global scaling by becoming the local Trade Services Utility or TSU:

The matching the QR encoded manifest and the shipper’s invoices with the QR encoded POs of the buyer, after covering the political and commercial risks with credit insurance, facilitates automated payment and settlement.

@William A. Laraque Correlation March 2022:??All Rights Reserved