Welcome to Jalassette News, take a top story in cryptocurrencies assets and bring them down to bite-sized pieces. Today, we've got some bearish news. First up, a shock survey suggests that most investors think Bitcoin won't top 50k by 2030. I want to take a look at what's going on here and try to debunk some of the things that these people are worried about. Also, Bitcoin to US Senate, Republican Senator says Bitcoin can act as a store of value. And the new senator from Wyoming really lays down a fantastic reason as to what Bitcoin can do and she really understands it. And a quick little snippet about Bitcoin may be hitting a wall of profit takers around 19.5. So we'll get to what's going on in the market, but first we have to do the 12 days of Christmas. So the 14th is behind us. We've already drawn four winners for the stonebook, congratulations to everybody. I think they've all contacted me so far. So we will get your stonebooks out ASAP. Now today is the 15th and we're going to do a nice little drawing of our second ledger Nano-X. We've already done the drawing or done the video for today for the first ledger Nano. And let's just take a look at what it was. So this one was actually pretty funny. So we did a quick video about PayPal and I talked about it as like the most bullish video I've ever done on Bitcoin. It really was. It was amazing about what's going on, not just with PayPal, what's going on with the stock prices and how I believe that institutions and really corporations are going to start to flow them a win. So in that video, I had people do two things. I had them just to comment on, just to say ledger. And the second thing I wanted to do was just to say one kind of phrase that I usually use on this channel. I gotta tell you, I gotta tell you, that's one of them, that it was pretty funny actually to take a look at all the different comments. And I'm just going to today when we did the Nano ledger, I mean the stonebook, I went all the way down to the very bottom. So today I'm going to go to the very top. So let's just flip down. Courtney Smith, congratulations. You are the winner. So she put ledger and then watch out XRP pay the quarter. That's pretty funny. One of my favorite jokes.  But yeah, that was it. And I have to tell you, I gotta stop saying it, but it is funny when I just take a look at all the things that I say all the time. Tether who cares? It's just a Tuesday in crypto land. Tether's Tether. I want a ledger. And Ryan's pretty good. Potato coin, potato football. That's classic potato foot coin, very penny. So today the same thing. What I'm going to have you do is just comment ledger and just call out one of the usual phrases that I say. And then I will do the drawing tomorrow for tomorrow's video. So again, to Courtney Smith, congratulations. If you would be so kind, just reached out to me either on Twitter. If you follow me at news asset or just go to Dan teachers crypto.com. Click on the contact button and then send me your email. We'll verify it and we'll send you out. Sure. No ledger X. So again, I want to say thank you to Nano ledger for supporting this giveaway. If you are still looking for a ledger, take a look in the description of this video if you don't win today and go ahead and pick one up for 20% off. So all right, let's go on the market. So today it is December 15th and we've got what is it? Ryan 12, 12 p.m. High noon. A thousand Texas time. So Bitcoin 19 five and we're going to go over this specific article that says that there is a cell wall at 19 five. So we'll see if it can bust to that. I don't know, but it's up almost 2%. That's great. Ethereum at 590. I like to see that XRP watch out 47 cents. And after that spark snapshot, it did take a little bit of a tumble and we'll see if it can rebound up to whatever people think is going to go a dollar, five hundred dollars. I don't know. Tell this to the only case Bitcoin cash. Wow. Hey, Bitcoin. Wow. Bitcoin cash at 9%. Holy smokes. I didn't, I never look at the prices before I do the video. I just pull up coin gecko. So it's always surprised when I say like I'm surprised, like I'm surprised. I, it always shocks me when I'm like, look at the prices. 6.4 for the polka dot. And that's pretty good. 3.2 for Bitcoin. That's, I don't know why it's in the top 20. Someone explained it to me 2.4 for NEM. NEM is always up there and then OKB 3.5. So I'm going to give the top 20 if your coin is in the top 20. Well, maybe you should work harder to get there so I can cover it. All right. So that's the price in dollars. Let's see how it would do if you would have done this in Bitcoin. So we'd like to take a look at this because we want to see if the alts are competing with Bitcoin. So if you would have invested just in Bitcoin, you'd have been OK. If they're able to down by 0.6, not a big deal. XRP, four and a half down, Tether, that's whatever. Bitcoin cash, you would have been a big and this is one of those things, you know, Bitcoin, Bitcoin cash. Well, if you would invest in Bitcoin cash, you know, pretty tremendously. Another one, 4.6 for polka dot. 1.5 for Bitcoin SV, 0.8 for NEM, 1.8. And then down you go, 1.4, 3.5, whatever. All right. So really, it just comes out of this. Bitcoin's not the end. I'll be all and we're going to talk about my portfolio, why I've invested in certain things, and I do think Bitcoin is going to be very well. But as always, diversify. All right, let's jump into today's top stories. First up, this was kind of concerning. I took a look at this and it was a survey and people that were questioning were like, yeah, Bitcoin's maybe 50 K by 2030. And actually more people thought, well, not more people, but a lot of people thought that Bitcoin is going to go to 1,000 in 2030, which I thought was crazy. But let's take a look. So this was a survey done by Genesis Mining. And this was it was a thousand current and former US based Bitcoin investors. So they all been the US and they all had invested in Bitcoin. But remember, it is a thousand people, but that's a that's a pretty good sample size. It kind of gives you the the light of the land about what people would actually think anyhow, two thirds believe Bitcoin is a better long term store of value than the dollar. So when we first start to talk about this, you've got to take a look at where's people's thought processes as far as Bitcoin. Do they think it's like just a crazy, ridiculous type of investment? I don't think they would because they're being surveyed by Genesis Mining and where they think it's actually going to go. Half of respondents believe Bitcoin will beat out gold, real estate and the stock market over five to ten years. So these are people who, you know, a lot of them think it's going to do pretty well. But here's what they said. Only 17 percent of those surveys predicted that Bitcoin's price would exceed 50,000 by 2030. I'm going to tell you, I think Bitcoin's price will exceed 50,000 by 2021. And my prediction is very conservative. I think it's around 150,000. Between 100 and 150,000. I know some people will say it's going to be 300 to be 500,000. Sure, whatever. I mean, if it is, I'll be I'll be glad to be wrong. Trust me. But that's where I where I say it. But these people are like, no, no, 50 grand by 2030. The question is why? Why do they think that? So in total, 50.1 percent of respondents estimate that Bitcoin will be worth 20,000 or less by 2030. And then one third predict the price will be 10,000 or less and almost 12 percent think it's going to blow a thousand. OK, see, that's just it. That's this is what makes the whole world go round. Differences of opinions. And you can see that in the comment section of every one of my videos. There are a lot of people who have a lot of different, you know, thought process as far as what is going to happen in the cryptocurrency digital asset world. And I welcome all those opinions because that's kind of where we kind of find that sweet spot of where people believe it's actually going to be. So the real question, again, comes under why? Why do they think that? What are they scared about? And I can understand it because what they expect is Bitcoin to be hindered by regulations. That's the first thing. And then a lot of them are one fifth anticipated outright bans on crypto from government. So I want to break these two down first, then we'll go to the other ones. But when you talk about hindered by regulations, yes, they see Bitcoin can't be hindered by regulations. Exchanges can be hindered by regulations. But Bitcoin itself, again, you have to shut down the whole Internet because there's over 10,000 nodes of computers across the world. So good luck shutting that down or regulating that or regulating the Internet per se. That's not going to happen. But exchanges, yes, they could. And like I've always talked about, you can have one country. Let's take America. They say, you know what? Exchanges, no more cryptocurrency, which would be crazy.  But let's just say they do no more cryptocurrency. We can't have that. I mean, look, U.S., back in the thirties, banned gold. They pretty much collect all the gold. And that's exactly what happened. It's a historical fact. And these are one of the things that I think is like a dark spot of America. So when they have something like that, could it happen? Sure, will it happen? Probably not. But I mean, who knows? But if they do that, other countries are going to say to themselves, well, great, well, we know where this is all going. So we are happy that you did that because we'll lie you over here. And then, of course, you can do a VPN and you can transact over there and do whatever you want to.  And then, of course, the other countries can go, well, we're going to use Bitcoin and we're going to sidestep all your sanctions because we're not going to use the US dollar as a world reserve currency. And China and Russia are just, you know, chomping at the bit to not have that happen. So that would be a bad idea. And I guess it kind of fits in both of those hindered by regulations and bans on crypto. So because if I really took a step back and talked about hindered by regulations, I mean, look, you have New York State, which has some of the highest regulations that we have in the United States, and people are still able to get Bitcoin.  Believe me, I see it. I think it's going to be more down to the case of the alt coins having the issue as opposed to Bitcoin. That's how I see it. And the next part is 70 percent of non bullish respondents expect another crypto or a central bank issue digital currency will capture a dominant market share and supersede Bitcoin. And I would have said yes to this. I would have said yes to this. If America had picked up the pace and years ago in 2017 started to go, you know what, we're going to do a CBDC and we're going to roll this out as fast as possible because we see where things are going, but they didn't and they lost momentum. And now people are going to get used to something. They're going to use to be able to use PayPal. They're going to be able to be used to use other banks and maybe some of their stable coins. But I think really PayPal is going to be the big one because they're going to be able to purchase different assets. Also going to be able to purchase different things on the manufacturers or on the different websites, all the merchants, which is 28 million plus around the whole PayPal ecosystem. So if that happens, which it will in Q1 2021, people are going to use that and they're like, why would we go back to using Fiat and a digital dollar because this stuff works just great. Oh, and guess what else it works great for? It actually appreciates. So I know with the dollar, you guys keep printing that and the actual purchasing power goes down. I think I'm going to stick with what I got right now. The flip side of that is I think there's a problem with when people use PayPal too much and they get used to the paper Bitcoin. That's why they need to understand the whole ramifications of using Bitcoin and where the actual power lies. The power doesn't lie in the centralization. The power lies in the decentralization of this cryptocurrency. And hopefully they figure it out. I got a great website, Danny's Crypto. They can learn all about it, but hey, I can only do so much. And the next one, just talk about how the hype will die down and there's not like a real practical use case for Bitcoin. So I'll talk to the practical use for Bitcoin. There is no practical use. It's a store of value and that's about it. It's just like gold and people say, well, we can put that in jewelry and so on and so forth. Sure, but that's not what people buy gold for. People buy gold for as a store of value and they just hoard it and they sometimes they trade it. But mostly they just hang on to it because they don't want to have some kind of like catastrophic event. And that's fine. And that's what that's where the value comes from because they take it, they hoard it, they don't sell it and the price goes up. Great. Same things to be with Bitcoin. They're going to hold as a store of value. People aren't going to spend it that much. That's just the way it is. That's why I think PayPal did what they did. Bitcoin, Bitcoin Cash, Litecoin and Ethereum, because they know that people aren't going to pay for Bitcoin so much. And then as far as the hype cycles, we talked about this yesterday. This is on my Twitter account. I think I pinned it at the very top so you could find it pretty simple. But as far as hype cycles, it really comes down to four things. Having all-time high dip reset or space. So 2012, having all-time high dip spacer. 2016, having all-time high dip space. 2020, having all-time high dip in 2022 and then spacer in 2023. So it's the same thing that's been going on, but it's only been getting more and more and more. I mean, if we take a look at Bitcoin, the price just goes up. I mean, the all-time high in 2013, it was about a thousand. All-time high in 2017, it was about 20,000. That's about 20x. So in 2020, I mean, who knows? Again, I always think it's going to be a 10x. So maybe 100 grand, maybe 200 grand. But I think it's around 150,000. So as far as hype cycles, I don't see that actually happening. So let me know what you think in the comments section. Let's move on to our next piece. Next up, this was fascinating because when we just talked about regulation and the government stepping in, this is why I'm excited about this lady. She came in as a course. It is a Wyoming senator. Everything great happens in Wyoming as far as cryptocurrency. So Cynthia Loomis, the incoming Republican senator, appeared on the popular Bitcoin podcast called What Bitcoin Did. I like that podcast. I don't want to do it that much, kind of long space, but it's got some great information. And really what it does is it lets us peer into the mind of people who are in Bitcoin, especially this senator, Ms. Loomis. And it was pretty great because she talks about that she's a libertarian, which is that's the original, that's the OGs of Bitcoin. OGs, original gangsters for people who are outside of the United States.  Now I went to retail and now it's coming into institutions, which I think will bring us way up. But she believes that Bitcoin would turn out to be a backstop for nations when everything crashes. What does she talk about? Well, she says here, if we reach the point where we have ourselves so much that things start crashing down, the black swan event occurs, there is a backstop available to every government. And that's Bitcoin. And it makes sense, right? Because if you're going to have a bunch of quantitative easing with central banks, they're just going to keep printing and printing and printing. And then the dollar or the euro or whatever they're printing, the purchasing power goes down and down and down and down. But Bitcoin doesn't happen. You've got 21 million and you're stuck at that. That's it. And actually you don't have 21 million because you're going to have 21 million. And it's going to take a long time to get all the way out 21 million. Plus we've already lost between two and six million because people have thrown away their hard drives back in the early days. So it is, it is a great thing. And it's not just you have one Bitcoin. Remember, it can be a hundred million Satoshis for one Bitcoin. So if you're not familiar with it, I think it will like pennies to a dollar at a hundred pennies to a dollar. There's a hundred million Satoshis to one Bitcoin. So there's a lot to go around. And I think as time goes on when someone says I want Bitcoin, I'm like, wow, that's crazy. What do you like a trillionaire? That's just that could be who knows. Anyhow, she believes that Bitcoin can work alongside fiat currency and acts as a store of value, which I think is pretty interesting. So you're going to have both of those. So the dollar is kind of like the every the everyday transaction by your cup of coffee. And then Bitcoin's going to be the store of value. Sure, I can see that. Why not? And this is why I know she knows what she's talking about. Loomis was among the first selected few politicians to oppose the recently introduced stable act posed by commerce. Congresswoman Rashida Tlaib, she made it clear that the current provision in the act made it a regulatory capture against the free market. And she states, I'm not in favor. This certainly won't help the unbanked. I believe in competition, not picking winners and losers. We did a video about this before. I thought it was a great opportunity for Brian Brooks of the OCC to sit those people down to say, Hey, look, you guys, this is what really is going on. Let me educate you on crypto and digital assets. And, you know, hopefully that can still happen. But that's why I like Ms. Loomis here. Looks like she knows exactly what she's talking about. And the reason I know that is because she says stuff like this. In the case of yours, currency inflation is baked into the Federal Reserve's plan for the US dollar. So it's no wonder that our buying power is eroded. And she's right. I think you've probably seen this on my channel a couple of times. But this is the purchasing power of the US dollar from 1913 to 2013. So this one, the Federal Reserve is created up here. And then look what happened. Went all the way down. Then 1933, executive order makes it illegal to hold going. Gold coin, which we were just talking about, where they took all the gold back. Then Bretton Woods said, Hey, let's make the dollar the US or the US dollar, the reserve of currency in the world. That happened. And then it just kept going down because the Federal Reserve kept screwing around. And then, of course, now this is in 2013. It's worth about a nickel as opposed to a dollar. And I can tell you right now, it's a lot less than that. So I believe that Ms. Loomis here knows exactly what she is talking about. So to finish up, Senator Loomis promised that she would spend most of her time educating her colleagues on why Bitcoin is a future and why the government needs to work towards an inclusive regulatory policy. We need more people like this. So I would just like to ask you for one thing. If you could go over to Twitter on my you can either you can either follow me or follow Ms. Loomis, but I have her link as far as like her profile and just give her a follow because I think she's one of the great ones that could really do a lot of good for our space. All right, let's move on to our next piece. Last up, this is very quick. Bitcoin could hit a wall of profit takers around 19 five. There's a lot of analysis and a lot of charts and things like that. And it just makes me fall asleep. So I'm not going to cover it and just going to say that this they think it's going to hit around 19 five and we're going to keep hitting 19 five and go down, hit 19 five and go down. That's the whole article. OK. So actually, I did a real a real quick search for buy seller orders Bitcoin. And this is what I found, which was pretty impressive.  PayPal, Robinhood, eToro, CoinZoom and one of the big flies on it. But they're all ads. So if you've ever worked with Google AdWords, it's super expensive, especially in the finance market. You could be paying per click up to one hundred bucks per click per click on Google AdWords. So when I see big companies like PayPal, Robinhood and eToro is always doing it. I know things are changing because they're dumping a lot of money into it and they want those people in like crazy. Just like when cell phones came about, you didn't see ads for cell phones that much. Well, now it's not about the cell phones. It's about the carriers. It's about Verizon versus AT&T versus cricket or whatever else is out there.  And it's the same thing right now with crypto and digital assets. That's why PayPal, Robinhood, all the big players are going to get in right now and they're going to buy up a ton of ad space. And I would not be surprised if you see an ad for crypto in the Super Bowl. All right. So let's see if that 12 five prediction holds true. Remember today, where were we at? It was about 12 501. I think it was somewhere around there. Yeah. Well, now it's 12 513. So let's see if they're right. And that is it for today. So remember, don't forget to comment below ledger and then put in some kind of comment or phrase that I usually say, and I'll draw it for tomorrow's video. So thanks for watching all the way to the end. I appreciate it. And I was going a little bit long. I apologize. A lot of great information out there. A lot of good bullish stuff. And that's it. So thanks for watching. If you like these types of videos, there's going to be two ones going to pop up on your left and right. Not sure, because YouTube has all the magic and I'll let them do their thing. But that is it. So thanks again, and I'll see you on the next one.


Recent research indicates that 60% of Africa's population is under the age of 25 and 67% is under the age of 30. Sadly, in 2019, about half of Africa's working age youths arrived at jobless or under-employed, a situation that has exacerbated by the pandemic, which has caused more people to be unemployed than ever before, with women and young people suffering the most. This is a threat to the African continent, considering the population of this particular demographic, and trustingly, experts across the continent agree that creating high-quality jobs with respectable salaries and working conditions is critical to Africa's future and stability. Welcome to Business Insights on Class TV Africa. I am Justin Acadone. Africa needs 15 million new good jobs annually to accommodate its increasing youths' population. The startling statistics compel every concerned African to call on government in case stakeholders to make policy changes and commitments that enable African businesses to flourish and domestic foreign investment to grow. Now, organizations like one campaign also launched jobs now Africa to encourage government to cross Africa to make job creation a tough issue and look into addressing the barriers that prevents job creation. Now, Stanley Achano is once Nigeria director. He has 10 years' experience in the management of development programs and policy reform in the civil society and government. Stanley served as the civil society advisor at the Nigeria Open Gap and Partnership, OGP secretariat, where he coordinated the nation's membership of the OGP and the implementation of the country's reform commitments. Thank you Stanley for joining us on Business Insights on Class TV Africa. Thank you for having me. A pleasure to be here. All right. Let's start by setting the context. How about its unemployment in Africa and specifically Nigeria? So, as you mentioned, we have a very useful demographic on here on the continent, very useful population, one of the youngest population in the world. But the challenge also is that opportunities do not exist for these bringing young people on the continent and, you know, really home here in Nigeria, the Nigeria National Bureau of Statistics data shows that almost 22 million Nigerians are out of job and some people question that statistics to say it is worse than the numbers are showing, even as terrible as the Bureau of Statistics data shows that the situation is very bad. The chances are that you know someone of job seeking age who is currently out of job. This is the reality that we live in, live within Nigeria. Researchers have argued that because of the unemployment challenge is also poorly the insecurity challenge. So, if researchers are now looking at the linkage between unemployment and insecurity, and if that linkage is true, then you can see how the situation is by looking at the security challenges across the continent, you know, when you go through the Sahara area where, you know, the terrorists are overrunning countries, all the way down to the northern Nigeria, then when you go to the south, southeast, and all of the kidnapping in the Middle Belt regions extending all the way to south, southwest. So it tells you that there is a youthful population that is out of job without sticking the economy across the continent who do not, who now feel that violence is the only way to make their voices heard. And this is only one aspect of the challenge. When the pandemic broke, it also made the situation worse, where people were out of job and the lockdown made that companies shut their, the extent of their services. And then the lockdown and the restriction of the travel restriction also made the situation worse. Compounding with the reopening of the economy to the challenges that now followed in terms of economic recovery and then the war in Ukraine. So Africa has consistently, over the last 10 years, just been on the downward trend. And even where in quotes, there's reported growth, the growth always is on paper. It doesn't exactly translate into reality for young people. So opportunities are limited. The numbers are dire. We've seen protests in South Africa earlier in the year where it started as a protest around the issue of Jacob Zuma, but it took the life of its own. It led to the burning of properties. We also saw the protest against police brutality here in Nigeria. And how that also escalated very quickly is because they spent up anger due to lack of opportunities for young people on the continent that is fueling all of the distrust in government, all of the anger and all of the security challenges we face. So the situation we find ourselves on the continent is such that it would not do specific things very quickly. And when I say specific things, we need to be looking at creating 15 million jobs, new jobs every year for young people on the continent for the next five years before we can see a downward trend in this challenge that we face with unemployment. And working as a group, convening all most 40 partners across Africa and speaking to experts is obvious that Africa is at a position where we can no longer wait and can no longer say there is more time for us to do this. The time to do something about unemployment in Africa was yesterday. Can you hear me? Yes. All right. Let me just vote in at this point before we now get into all of the merits and what we need to do to create those 15 million jobs that you have said in the next five years. I really want to get a real good perspective to all of these issues, the barriers to job creation as it were. Over time, the government has come up with several policies. We've had you win. We've had several policies. It just in order for Nigerians to be actively involved, positively and economically. But over time, we seem not to be seeing the changes that we are expecting. So one challenge is policy inconsistency. Everyone wants to introduce a fresh idea. Nobody thinks that the previous idea is worth it. So that has also left a lot of people hanging. And depending on who you speak to, they will say, oh, this program is the best. That program is the best. But one challenge you see consistent in all of them is that nobody wants to follow through, to see through the end. So sometimes, not sometimes, most of the time, the challenge with the policies is not in the design. It's actually in the implementation and in the follow-through. So there is no short cut and there's no quick win around it. There are things around enabling a business environment that we need to tackle. This is not, when I say enabling business environment, this is not about World Bank index or any of those things. There are real challenges that businesses face on the continent or in Nigeria that we need to tackle head on. And to understand this challenge, try and open a shop somewhere and see the amount of demands you receive from governments.  Nobody's thinking about tax incentives. Nobody cares about your growth. All they want is they want to extract from you. So the environment for doing business in Nigeria is extremely difficult. So one is the problem of inconsistency in the policy. So the challenge is not with the policy. The challenge is with the implementation of the policy and remaining consistent with the policy. I sometimes I sit back and wonder, you mentioned you win, right? I wonder if we have consistently implemented you win for 10 years. What difference would that have made? And that's on one side. The other one is the question around ease of doing business and business environment and business climate. This government came on board and the office of the vice president led the charge on improving business environment. And there was a council setup with advisory from experts from around the world. Where are we on easing this business? I just fear that sometimes some of these attempts are cosmetic. They're not followed through. The difficult work of getting them off the ground and remaining consistent is not done. One of the challenges financing when young people start businesses is not impossible for them to get access to credit. It is even more challenging for women. Women businesses, no matter how successful they are, they face more huddle when it comes to assessing financing and capital for their business than their main their main counterpart is almost similar challenge when you are a young person. There's a complete distrust for new entrants into the business environment that the financial support they need is never provided. So it feels like everybody's avoiding any effort to take risk and grow with these small businesses. So young people face that challenge of capital. And then there's also on the flip side, there's the question about where do you even find the skills that you need to grow your business? The skills are constantly on their way out. They are constantly at the airport trying to get out of this place. So why is it that we cannot retain talent? Why is it that we cannot grow talent? Why is it that we cannot keep the talents that we grow here? While we designed our jobs in Africa campaign, I was speaking to a lot of people in multiple sectors. And I had an interesting conversation with someone who works in tech. And he said, before now, Nigeria used to be that, oh, do not do remote work with anybody who lives in Nigeria because there was stuff here of fraud and all of those things, that bad reputation. But with the pandemic, the reverse was the case where people were specifically demanding for talent from Nigeria. How are we harnessing that, right? So and a few days ago, I was speaking to somebody who works in tech and the guy said his entire tech team are all living for Canada, UK, and Europe, right? He's struggling to find talent. So we are not training enough. We are not retaining the talent to grow. We are losing the little that we train to more developed economies. So there is just a myriad of challenges. A lot of challenges, yes. I agree with you Stanley. But then again, let us move forward because of time because you have identified the bulk of the challenges. But let's look at probably maybe some sort of solution. I know your organization is involved in things like this. You talked about a project that you have learned the jobs now Africa. But then again, development organization such as Just as One campaign, what have you done? Maybe VisaV would work in with government to ensure that they make this issue of unemployment and job creation top priority. So at the moment, we're engaging African leaders on specific things. One is that we need to open up the continent to trade with ourselves. So the African continent free trade agreement that came into effect recently. We are asking them to do whatever it takes to open up our borders so that businesses can cross trade.  Nigeria went through several months of border closure without consideration for the suffering that businesses that trade across the border face. And this is a common trend where there is that level of arbitrariness in terms of waking up one morning because of one challenge, you then decide that every other person must suffer alongside, right? So we're asking African leaders to do more to implement the free trade agreement that Africa entered into. It holds an enormous opportunity for us to grow. Europe is where it is today because you can easily trade between European countries in the EU freely without hindrance and it has not taken away from one country's economy or the other. There is a lot of protectionism on the continent where every country wants to mend their border, wants to protect what crosses their border. What we need to do is encourage African leaders to find comparative advantage where they have it and become the leader in that sector. We can't all produce everything. It is erroneous to assume that every country must be self-sufficient. It's a good thing to hope for, but where you are lacking, you can trade and then complement each other, right? So Africa needs to open up our border, trade with each other is extremely important. And we're engaging the African Union and African leaders on full implementation of the trade agreement. Here in Nigeria, there are just some few things we are asking the Nigerian government to do. Things like... Astali, Astali, Astali would get into what the government needs to do and of course what sector they should consider as focal points. But we need to take a quick break. And there's still business insights on plus TV Africa. We still have Astali Acharno, who is with one campaign. He's the country director here in Nigeria. In a moment, we'll come back. We identify the factors that we need to be put in place to ensure that entrepreneurship development is a priority and of course how government and the private sector can partner to achieve this in a moment, to be right back, don't go away. How to address the issue of unemployment is our focus on the show for today and Astali Acharno is our guest. Now moving on, beyond the government, Astali, how do we involve the youths themselves and even the private sector in this issue of job creation? So private sector leaders are already sort of eager to do more. The regular complaint that we have had from private sector is restrictive government regulatory frameworks for operation that continue to hamper the ability to expand their business. So this is one challenge that our private sector leaders continue to complain about. One other challenge that we've heard loud from private sector leaders is the issue of the ability to access raw materials. That has become a big challenge for leaders and of course for business leaders, of course the insecurity has also hampered the ability to expand their businesses and grow. Of course no country will thrive in the face of the level of insecurity that we're facing in Nigeria. So those are some of the challenges that private sector thinks. But there are specific things that private sector leaders can do. They can support growth of smaller businesses. One good example I like to go back to is the things I see people like Tuneil Medu Foundation do. Supporting young businesses or businesses led by young people through their small grant that makes the most difference. And because when you dig into the kind of work they do, those little initial financing that they provide to those businesses is the lifeblood that sustains them. And I've seen a few of those businesses grow just because they receive that small financial support. So young people are already creative because I fear that a lot of times we are putting a lot of budget and expectation on young people, on what they could do to create jobs. But they are already green enough. They are founding companies that are already worth billions of dollars. We've seen that in tech space, right? We have seen that in food and manufacturing. We have seen that in agriculture. But the environment in which they are operating remains extremely restrictive and is a major impediment. So it's easy to say to young people who start businesses, what can you do to create business? What can you do to create opportunity? But the environment in which you are asking that question remains an extremely challenging environment and government needs to take specific steps like putting in place laws and regulation like what we have with the startup deal that will enable young people found startups in tech that can take advantage of a growing global requirement and need, right? So we need to be very intentional about how we approach it. We can be a major supplier of tech talent. We can challenge India for that space in the world. And we need to be very, very intentional about how we approach it. So I fear that I'm very, not very sure when you say what can young people do? Young people are already green enough in a very challenging environment. So I think our attention is what are those bottlenecks in place that government needs to remove, right? What are those laws that government needs to put in place that creates that opportunity? Not asking young people what they can do. They are already green enough. They built an entertainment industry that is world-class from movies to music, right? So what else do you want young people to do? The reason why I asked what young people could indeed do is that over time, most people are only focused on going to school, the six, a double, three, four, a personal from the university and going back to the labor market to look for maybe a normal nine-to-five job. I was talking about the absence of entrepreneurship and what they could do to drive and being their own bosses, basically. Yes, so often I understand your question. So there are opportunities for young people. The one has become a global village and you can actually set up businesses and service companies elsewhere in the world. So the internet has become an open place for people to try. And we have seen that happen. We have seen people who are content creators. We have seen skitmakers, comedians, influencers who are making millions of dollars just off being on the internet. So that's one area that young people can look at, right? The other place that I think that opportunities exist is agriculture. And I recognize the security challenge in this sector. And culture presents a very unique opportunity. Food is extremely important and our production level is not at that level where we can say we are sustainable, right? There's a huge opportunity in our group processing. There is a huge opportunity in logistics and we are not taking advantage of that young people can take. Some of these are extremely capital intensive but I think that building businesses upon businesses people sort of finding gaps and supporting that gap can be a unique way that young people take advantage of that. Trade is also a big place. Look, our passion is the toast of Africa and I've seen people who want to wear Nigerian, right? From outside of Nigeria. So I think that there is an opportunity for us to export our fashion. We are very creative in our fashion. We are very creative in the way we dress and we can export that to the rest of Africa. There is a huge opportunity for young people to take on fashion, right? So and then of course there is construction.  There is just a whole lot of areas that we can, that young people can start to look to create opportunity for themselves and they are already doing some of that. If you look at entertainment, there's a new crop of very influential people whose entire fame is built on Instagram and TikTok and Facebook short clips, right? Comedy skips. And they are employers of people because I've met some of them. They have a whole team that they work with. They've created jobs. Some have, you know, I was speaking to one of those comedians and he said he has a team of 20 people that range from writers to lighting to engineers to sound, to editors and all of that. So there is that growing opportunity that young people can make. All right, Stanley. As we round off now, you've talked about opportunities and all of that. I would really need you to advise government in terms of priority and sectors to be involved in. You've talked about the fintech and the digital economy. Should that be prioritized right now as we speak in the country? Maybe that way we could be bridging all of the gaps and there's some employment issue that we've been talking about. So yes, government needs to do more to support the tech. It holds a huge great growth opportunity. Some may argue somewhat low cost entry for young people. So I think that government needs to be intentional about how they approach it, right? So put in place high priority measures that reduce also trade and transportation costs by addressing delays of our burden.  Our border is extremely difficult. You have to try any of our land borders to see how impossible it is to move goods across. So we need to be sort of very creative in solving that problem so that young people can take that opportunity to grow their businesses, right? One of that area that I think the government needs to do to help young people is affordable and stable electricity. We need to do better with our energy access. I see that the vice president was in the U.S. conversing for investment in our energy sector. We need to do more to make energy available so that more people can be creative as well. But we also need to improve our access to markets. You know, inter-trade within the country, within the continent is something that the government needs to do more to encourage. People that have spoken to that into export say that it's an extremely impossible exercise from the Nigerian side, not even from the destination market. So we need to do more to improve on that as well. Thank you, Mots. Thank you so much, Stanley, for your time. We do appreciate all of the imputes that you have brought on the show for today. Stanley Achono is once Nigeria director. He is experiencing management of development programs and policy reform in both the civil society and in government. Thank you so much once again for your time. And that's the size of the show for today. I am Justin Akademia. We'll leave you with useful insight on how to write an informal business proposal. Till I see you again next time. Bye for now. Writing an informal proposal. The thought of writing a proposal overwhelms many people. But the task does not have to be daunting. Even more proposals are written when people need to ask permission to make a purchase, undertake a project, or write a paper. This type of proposal is a way of persuasively putting forth an idea and asking for action to be taken on that idea. When writing a proposal, consider who will read the proposal and what that person may or may not already know about what you are proposing. Follow these steps when writing a proposal. 1. State your purpose. Do this clearly and concisely so that the reader knows immediately why you are writing. 2. Give some background information. Explain why you are proposing your suggestion so that the reader has a better understanding of the problem. 3. State a solution to the problem. This is where you give specifics about your suggestion. 4. Show costs. Lay out any costs that will be involved. 5. Conclusion. Wrap it up by restating the problem and the proposed solution.


Okay, very good morning. It is 6.45 a.m. on Tuesday the 2nd of March. Hope you're doing well. Just going to give you a quick update on what's happened overnight in terms of the close on Wall Street. Some meaningful news coming out of China overnight where their domestic market underperformed on fears of policy tightening and some focus on their property market as well as the broader global view that the Chinese have at the moment about the general frothiness of the market with this whole yield inspired move that we saw dominating market attention over the last week or so and then just going across the charts and having a look at things there's some definitely interesting levels in the currency FX pairs precious metals gold getting very close to that $1,700 level so it has recovered a little bit through the latter part of the Asia session but generally downside pressure still emanating from the firm a dollar at the moment the Dixie this morning is still trading up albeit moderately only around two tenths of 1% but as I'll show you in a moment I think on a dollar index perspective we are looking like potentially technically on the upside some room to move further north which could insert further downward pressure on the major pairs otherwise as you can see here in the cross asset class mix equity index futures are touch lower that does come in context of yesterday in the cash markets in the US and after such a nervous end of last week we had equities under pressure from accelerating yields actually we saw yields just hold quite a bit more steady in comparative terms from what we were seeing last week and that generally alleviated some of the tension and just having a look here this is the US 10-year yield as you can see it's currently trading at 1.42 and so after we jumped up last week considerably we've have now paused at around what is the bottom end of that range of yield consolidation that we saw roughly through the second half of 2019 and beginning of 2020 before you'll see plummeted on the onset of the pandemic and so I do think this is quite a meaningful area now for US 10-year yields I do think it's kind of a bit make or break for this week and obviously some of the data catalyst could well come to the forefront because we've got the other ISM figure coming out later this week got ADP tomorrow non-farms on Friday so these all could be meaningful things to spark some price movement but at the moment it feels like we've just hit a bit of a decision point which is is this fair for pricing in reflective of things like the gross prospects improving the vaccination rollout the dropping COVID in the States the force coming stimulus and so on and so yields having rocketed higher found their natural resting place now with a bit of upside resistance that around the bottom end of that trend from where we were back over that period in 2019 or do we break above and do we see another quick move from around 1.4 up to 1.6 is which is up to around this kind of double top area from going back to February of 2020 and which was around 1.63 so I think there's definitely still warrants watching quite closely yesterday it was interesting because you know we had a really as this settle very firm close on Wall Street the S&P finished up 2.38% and in fact it was the biggest advance we've had in nine months for the S&P 500 then as that composite jump 3% the Russell 2000 small caps was actually up 3.4% so really strong performance there for US equity markets and did come as well with US manufacturing activity that latest ISM number coming in a three-year high and then a surge in new orders but factories still do face increasing higher costs for raw materials and other inputs and mid-labour shortages at suppliers as the pandemic drags on so that prices paid component was particularly eye-wateringly high which would be indicative of inflation concerns however given the aforementioned reasons of higher costs from raw materials and other inputs and mid-labour shortages I do think that that is a key reason of why inflationary pressures will be temporary of nature because of that impact of the shortages due to the pandemic so markets look beyond that and actually took the data for what it was and actually that initiated some of the positive reaction that we saw generally in equity markets yesterday so kind of yield calmness with that data point help lift things however as we go into the overnight session things have soured a little bit and that has led to some dollar strength generally speaking and this is a look at the dollar index on that longer-term trend line we've been kind of jostling with over the last couple of weeks either above or below generally has been quite indicative of dollar movement for the intraday session and one of the things I was looking at yesterday to start the week off was around this 91 level which if I put the crosshair here and you can see the dotted line and if I just zoom it in actually make it a bit more clear to see and so kind of around 91 would it be about here which was encapsulating some of these peaks of price activity we've had over the course of the last two and a half or so months and you can see we're just breaking a little bit above there at the moment and so it does bring into question you know do we push up to the year-to-date highs which would be a little bit further extension of dollar strength up to around 91 59 from 91 18 that we're training at the moment so at the moment I do feel a little bit more bullish about the dollar given this technical setup and if we're looking at the major pairs I do think it does warrant watching quite closely and if I just bring this euro chart into play here and this is the kind of areas that I'd be looking at in today's session this 120 30 level in euro futures was quite key we broke underneath there with some of that prevailing dollar strength in the overnight Asia pack session and you can see we dropped quite quickly at that level is significant over the course of the last month's worth of price action and you can see here it was a support area on the 8th the 17th and a couple of times in yesterday's session so the breakdown of that that support has now turned resistance for this price recovery initially just going into the early hours of European trade so worth keeping on there on the daily does look interesting now actually because around this level is quite technically key as you can see it kind of brings in as well that peak of price activity that we saw back on the first to set so I think it does mean that if that dollar does push on the euro does look a little bit susceptible here to downside 120 psychologically not far off and then you would be looking to target really around this one 1960 and a half kind of area which then starts to bring in some of these price points here that we had previously as resistance in the summer of last year so definitely feeling a little bit more downside bias for the major dollar currency pairs all things remaining equal for the time being euro looks a little bit more compelling technically cable at the moment I'm just eyeing any further push to the downside around this 138 63 level that was previous resistance going back to the beginning of February and so if we do push back down be keeping an eye there and any move through there you've got the s2 and then be looking down at the low we have in the 18th and 17th as potential areas to have a look at looking at you know pounding it in a slightly higher time frame and you know this is looking kind of stretched out and what I wanted to kind of encapsulate here was really this range we were trading through the back end of January so key areas here I think are if we do continue to reverse course would be down towards those areas I just mentioned but then a further deeper pullback through 138 which would be quite a key kind of zone area around 3750 to 138 is this really to do with sterling no not really it's nothing to do with the budget nothing to do with the ongoing UK rollout it's all to do with dollar at the moment so I definitely be looking for dollar to dictate proceedings today as well and as I said upside potential for dollar was going to put some down so pressure on these pairs similarly so if we're just looking at gold the precious metals definitely being weighed upon by some of this recent dollar strength and this is just looking at Friday session we had Monday's recovery came up for a nice technical test on the pullback right to the kind of scene of the crime for the support and break down a price we had on Friday as we now kind of look to recover slightly after initial age of Paclo at 1704 what's interesting here is that we are seemingly continuing to thrash out new lows targeting the $1,700 level in gold now on the pullback higher I'd be looking then for the prior price action on this breakdown of prices as areas of resistance so you can see we've tested and just seeing a little move above it now which that previous lows here on the breakdown of price as we move higher now it does open up potential recovery up to around 25 and a half which would be these highs here and then above their next resistance would be seen in around 31 with 32 being the daily pivot with the broader recovery move up at 54 not so sure we could get out there today but looking on the daily this is what does look interesting because and does make gold seem quite susceptible at the moment to potential downside kind of headwinds is we had and you can see the rationale behind on the daily the breakdown in price that we had quite quickly in the overnight age of Pac session that's because we've been holding relatively nicely around that 1717 breakdown there saw quite a quick flash lower to 04 as I said and we've recovered back to the spot now of that previous era on daily of the low prints of those sessions that being as well around the lows that we had in mid June so definitely keeping an eye here and 1700 definitely a psychological target and I'd say around this kind of band of 84 to 92 captures then the kind of range high and low of this period of consolidation that we were seeing after gold was initially pushing up as the pandemic took hold at beginning of last year and that price consolidation we had of Q2 of 2020 so definitely again it's a dollar story there that I'd be looking at to dictate what the gold direction generally would be and then similarly oil markets being weighed upon a touch I don't really think it's too much OPEC play in this obviously we are expecting around one and a half 1.6 million of the supply cut to be watered down the Saudis taking back their million and perhaps another 500,000 put back online by the OPEC plus group and so I don't think that really comes as too much of a surprise if anything I think with a situation with oil we kind of rallied so far so quick it doesn't really make me feel particularly uncomfortable with the scope of the pullback at the moment albeit has accumulated now to around three dollars in size we found a fairly nice resting spot now at around the $60 handle which does bring in you can see these kind of areas here that we were trading back in deck at 2019 and then the beginning of last year and so perhaps then we find a bit of a floor to price at the moment any further deeper pullback be looking for the next kind of area of support down around 58 40 45 would be something I'll be looking at all right well a couple of headline stories as I said we had positive close on Wall Street as a general summary in fact particularly strong in equity space I wouldn't get overly obsessed with that though because it does come on the coattails of general weakness seen at the end of last week and then overnight in Asia things did turn a little sour given fact that China came out some interesting comments they basically said that they're very worried about bubbles in overseas financial markets that was according to their China banking and insurance regulatory Commission chairman who also added that they're worried about risks in China's property sector this has led to some growing speculation as what did weigh on their local equity market just a week and a half ago or so which is that of policy tightening away from this very cognitive general stance that the central bank has held in line with most other global central banks and that then causing a little bit of nervousness in local trade and just generally dragging down the region and so things have a little bit more negative than perhaps we finished on Wall Street on the back of that I don't really think that that reverberates too much directly into the European open it's very much a China narrative but perhaps then a slightly weaker hand to lead on into the European open overnight we did have the RBA interest rate decision they kept their cash rate steady and their yield target on their three at 0.1% in the QE program at a hundred billion they didn't reiterate their yield kind of target strategy and said that they would buy more bonds if needed in fact despite that commitment yields on Australia actually rose so it was more of a hawkish type reaction by price movement on the back of that now I think the rationale behind this I mean it's not definitive but my take would be that actually this is a bit of a disappointment because just looking at my notes if you remember yesterday the RBA doubled down on its bond purchases to start the week after what we had last week in terms of the yield acceleration that was seen globally and so if you think about it then we did see the biggest drop in Australian yields in about a year going into Monday session so today to see a mild move higher on the back of generally then and as expected in line agreement I think is is nothing to get too caught up in just more for market positioning reaction I'd say the other thing then from a news perspective the Senate so the latest update here is they'll start debating Joe Biden's 1.9 trillion stimulus program as soon as this week according to the Senate majority leader Chuck Schumer it could potentially according to other senators be as early as tomorrow Wednesday at the moment the Democrats then have backed down from their effort to raise the minimum wage to $15 as part of that kind of olive branch to get these talks ongoing the oil market as I mentioned oil prices is sitting around 60 bucks at the moment is down around 72 cents in the near-term price action just just some short-term resistance being encountered here in the early European entrance at 60-22 does encapsulate some of the area of support that was seen going into the close of Wall Street or US trade last night so perhaps of a band until the US session really commences at 60-22 and from the age of Paclo at 59-45 for the time being again as I've already commented on OPEC and one thing to be aware of is that the joint technical committee gathering starts today ahead of the OPEC meeting then it takes place on Thursday so this is when they all get together looking at stats more to then really defined a decision-making they might make two days later but given the fact that those meetings are taking place I would probably expect then an increase in tweets and rumors and hearsay and those types of things so people like Amina Baker definitely worth following on Twitter I did share her hand or on my own Twitter account yesterday if you're not following her already I strongly suggest you do so for any energy traders and then looking at the session ahead and what have we got and so yeah German retail sales numbers nothing to get too excited about not really a focal point for their economy so then very much so looking to later in the morning we get the flash CPI data coming out so this is kind of HACP for the eurozone and inflation definitely a key to watch for a lot of the essential banks with the view of the impending inflation spike albeit most would see it as as temporary and reason for that is energy is expected to be a big component driving headline inflation higher in the coming months given that oil chart I showed you in the pretty quick acceleration we've seen in oil prices over the last couple of weeks and DCB probably going to insist that temporary increases do not constitute something more sustained in regard to its goal of around the inflation targets so again although this number might have upside potential both today or in the coming weeks I don't really think it's particularly going to be something which is going to be that meaningful overall for price reaction I guess the way I look at that data is anything on the softer side with a generally firm of dollar setup could then take out those lower levels in euro then it gets quite interesting for that directional trade for on the back of dollar dollar strength then in the US session it's pretty quiet you've got feds brain are discussing the economic outlook and then feds daily both our voters and they speak at 6 and 7 p.m. each respectively you've also got the ISM New York index at 245 so shortly over the after the cash open this afternoon in the US and that is it so that's your briefing for this morning I'll share some of these technical charts I've marked up into the Amtify live discord room if you're watching this on YouTube don't forget to like and subscribe to the channel really appreciate it plenty more comment coming for sure in the future otherwise have a good day head guys thanks very much