Shervin Pishevar, the venture capitalist mogul, has been tweeting for 21 hours highlighting some of the crucial issues affecting the United States at large. Since sexual allegations, the Uber investors has not be seen or heard in the public platform, including social media, until he decided to spill the beans on what could be a prophecy to the changing economy in the country. In one of his trending tweets, Shervin Pishevar touches on a controversial topic that involves the United States and China.
According to Shervin Pishevar, China has been spending large sums of money in the infrastructure industry and will soon replace the United States as the largest economy in the world. This might have surprised many who have been witnessing the increasing trade wars between the two nations. It might have given Shervin Pishevar some much-needed credibility as the country seems to be fighting a losing war. This school of thought has elicited many emotions which many economic observers are indicating that the United States response and trade wars with China are a clear indication that China is becoming a thorn in the flesh of the United States.
Over the last few political campaigns, nothing has been spoken much about the deteriorating state of infrastructure projects around the country. The government has been focusing on streamlining controversial issues in immigration, health, and the unending political and nuclear issues in the middle-east. Could this have shifted the focus of the country from local investment in infrastructure to military investment and foreign participation? Most of the economic and foreign policy pundits will answer in affirmative. It could even prove to be true if a referendum was conducted to answer the same question.
What does Shervin Pishevar see that many in government cannot figure out is that the government needs to focus on improving local infrastructure lest the country start lagging behind in infrastructure development. Shervin Pishevar is one of the investors who has been worried by the increasing influence of China in the world economy and his tweet only confirms his fears. As a single citizen, there is nothing he can do but to warn of the consequences.
Sahm Adrangi is a high-profile Chief Investment Officer from New York. He received his undergraduate education in Economics from the prestigious Yale University. Sahm Adrangi is the founder of a New York-based company Kerrisdale Capital. His company’s focus is on long-term value investments and event driven situations. Mr. Adrangi has an experienced background in managing some high profile companies. Companies such as Chanin Capital Partners, Longacre Fund Management, and Deutsche Bank are one of many that have had the pleasure of Mr. Adrangi’s investment services. His most recent, yet limited services involve a company called The Eastman KODAK Company, formerly known as KODAK.
The Eastman KODAK company has been around for almost six centuries. KODAK is well-known for its commercial printing and imaging. The company has been faced with a financial decline for many years and the company is desperate for profits. In order for KODAK to rebound from its slippery slope towards bankruptcy it has launched KODAKOne and KODAKCoin in a last-minute ditch effort to make profit for its photographers and shareholders. According to Sahm Adrangi and his team at Kerrisdale Capital he believes this company’s gamble is a complete economic disaster and they are deceiving the public by tailoring and falsely boosting their profits for their own benefit. KODAK’s shares have risen based on falsified hype. Unfortunately, for KODAK they have centered their last bit of economic hope on one Initial Coin Offering (ICO) called KODAKCoin.
KODAKCoin is backed by a man who’s the Chairman and Founder of a decent ICO firm. He was banned from a Canadian stock exchange. As a result, this Chairman, who is known for promoting stock, has a past that raises the question of integrity. Further, KODAK has been trying to remedy their copyright infringement. So they have released KODAKOne, which is a media licensing that will be utilizing smart contracts through blockchain technology. The downside to this is that photographers and shareholders will have to receive payment in cryptocurrency. The downside to KODAK entering the cryptocurrency market prematurely is that they do not have a profitable reputation. According to Sahm Adrangi, their misfortunes have led them to bankruptcy six years ago; and they are currently headed on the same path.