Category: Risk

Economic, political, geopolitical

crypto, Payments, productivity, Risk2 Comments

Compare USDC (Circle) vs USDT (Tether) in 2025

Colin Henderson

The battle is now on. The newest StableCoin USDC offered by Circle is regulated with clearly defined regularly audited reserve requirements. Tender which has been around 5 years longer offers a StableCoin USDT. The challenge lies in the difference between the StableCoins and no regulation exists to define a StableCoin. USDT has loosely defined reserves comprising third party off balance sheet items and which can be deemed worthless to a banker. USDC on the other had requires US $ cash with no obtuse excuses for apparent reserve matching. I did some research across sites using Perplexity (not Google) and. here … Continue reading Compare USDC (Circle) vs USDT (Tether) in 2025

Business Models, Infrastructure, Risk, Uncategorized

Operations and Operational Art and applicability to other business

Colin Henderson

THE UNITED STATES NAVAL WAR COLLEGE JOINT MILITARY OPERATIONS DEPARTMENT On Operations: Operational Art and Military Disciplines Kindle Edition by Brett Friedman (Author) Link is a primer for the book. On Operations and Operational Art – military terms which roughly equates to method and approach for Operations and for conducting Operations. If that explanation is fuzzy, that is because it is fuzzy. I am just working through the book and there are different approaches in Germany/ Prussia versus more recent US and UK. This post is simply to capture the beginning of what I am learning and of course how … Continue reading Operations and Operational Art and applicability to other business

Canada, Risk, US1 Comment

Financial Accountability Officer is an Officer of the Legistlative Assembly of Ontario

Colin Henderson

The Potential Impacts of US Tariffs on the Ontario Economy SummaryThis report examines Ontario’s trade relationship with the United States and estimates the potential impacts of US tariffs on Ontario’s exports, imports, GDP, employment and inflation.The United States is Ontario’s most important trading partnerThe US accounts for most of Ontario’s international trade, with 77 per cent of Ontario’s total goods exports and 60 per cent of the province’s total services exports. Imports of goods from the US accounted for 68 per cent of Ontario’s total goods imports, while services imports from the US were 63 per cent of total services … Continue reading Financial Accountability Officer is an Officer of the Legistlative Assembly of Ontario

Canada, Economy, Risk, Roam

Benjamin Tal economist CIBC – Canada -US trade future

Colin Henderson

Benjamin Tal, deputy chief economist at CIBC World Markets 10/04/25 Despite all the calls to diversify Canada’s trade, the country will end up more dependent on the United States once tariff negotiations have concluded, according to a well-known economist. “We are in the midst of a global trade war, and in a global trade war, like in the Cold War, you have to choose sides,” Benjamin Tal, deputy chief economist at CIBC World Markets, said. On Wednesday, U.S. President Donald Trump turned his global trade war into a faceoff with China after he announced a 90-day reprieve on higher reciprocal tariffs levied against other countries, but raised … Continue reading Benjamin Tal economist CIBC – Canada -US trade future

AI, Cybersecurity, Economy, Risk

John Law, the man who blew up the French economy

Colin Henderson

From Engelsbergideas. A rich and relevant commentary on John Law. In 1674 William was called on by the Scottish parliament to give a commentary on a report into the running of the Royal Mint. It was an outsider DOGE (Department of Government Efficiency) moment The echoes from 400 years ago reverberate today and. add dimension to Risk development. Financial Markets look at risk for a single point of failure. Law is a classic example we can recognize today in the new US government. He infiltrated and invented fiat currency, global trade, cost reduction, country appropriation, real estate accumulation. Yet he … Continue reading John Law, the man who blew up the French economy

AI, Risk

Applying AI to Strategic Warning

Colin Henderson

Modelling instability risks and stabilisation factors for intelligence and national security Deep research from Alan Turing Institute on AI modelling future risks to inform strategic warning and black swan and significant events. Abstract ———————— This joint report from the Special Competitive Studies Project (SCSP) and CETaS explores the potential of AI systems to make assessments about geopolitical events, and the path ahead for applying AI to strategic warning for national security and intelligence. With strategic AI competition intensifying and technological change accelerating, deliberate action and foresight are indispensable. A performant AI system could give decision-makers in the US and the … Continue reading Applying AI to Strategic Warning

banking, Economics, Geopolitics, Innovation, Risk, Social Theory

US Tariffs Set to Make world economic and military History

Colin Henderson

It is worth capturing this moment. It has the potential to be elevated to a moment in world economic history in the same vein as Bretton Woods, World Trade Organization, United Nations, and many other bedrock areas that preceded and followed WWII. The broad perspective was to encourage World stability in economic terms and those tools were designed to create a global platform of stability that would make WWxx things of the past. Here we are 80 years later and the flaws in those tools with their commensurate inability to adapt have created a global world of bad actors yet … Continue reading US Tariffs Set to Make world economic and military History

Risk1 Comment

“Power corrupts, and absolute power corrupts absolutely,”

Colin Henderson

The idea of the philosopher king, a leader who governs with wisdom and morality, has long captured the imagination. During a recent coffee chat, my friend and I debated whether the most moral person should lead an organization. My friend argued that if a moral leader were at the top, they would always make the right decisions for the benefit of everyone. While I understand the appeal of this idea, I believe it overlooks a key problem: even good people can make mistakes, and the path to power often requires qualities that are far from virtuous. Good intentions alone are … Continue reading “Power corrupts, and absolute power corrupts absolutely,”

Risk

RBC CEO McKay Prioritizes Organic Growth Over US Bank Acquisitions

Colin Henderson

$Royal Bank of Canada (RY.CA)$‘s CEO, Dave McKay, expressed disinterest in acquiring US banks, highlighting the challenges of inheriting issues from such deals. Speaking at Bank of Nova Scotia’s annual financial industry conference in Toronto, McKay emphasized his cautious approach towards acquisitions, questioning the benefits of taking over US banks and the potential problems involved. He stated, “The first question I always ask myself on an acquisition is, ‘Why are they selling and what problems am I inheriting, and can I run this business better than the current management team can?’ Despite his past acquisition of Los Angeles-based City National … Continue reading RBC CEO McKay Prioritizes Organic Growth Over US Bank Acquisitions