Emerging Market Index: An Interview with Life + Liberty’s Perth Tolle

Posted on November 25, 2021 by Assistant Editor

Journal of Political Risk, Vol.9, No. 11, November 2021

Perth Tolle is depicted smiling in a white shirt and black blazer.

Perth Tolle, the founder of Life + Liberty Indexes and the creator of the Freedom 100 EM Index.

Anders Corr, Ph.D.
Publisher of the Journal of Political Risk

This JPR interview with Perth Tolle, founder of Life + Liberty Indexes and creator of the Freedom 100 EM Index, was conducted via email between 14 September 2021 and the 25 November 2021.

Corr: Can you please explain what your ETF is for those who have no financial experience?

Tolle: An ETF, or exchange traded fund, is a tradable basket of securities, similar to a mutual fund. But unlike mutual funds, ETFs trade on exchanges, and are known for their transparency, tax efficiency, and lower cost.

Most ETFs track an index. And most indexes are market capitalization weighted – where the biggest companies, and countries, by their market capitalization, get the biggest allocations in the index.

There are three main categories of country classifications for global stocks – developed markets (DM), emerging markets (EM) and frontier markets (FM). Continue reading →

Yemen: Carnage or Strategy? What is the War Really About?

Posted on March 11, 2021 by admin

Journal of Political Risk, Vol. 9, No. 3, March 2021

Map of Yemen’s insurgency, according to published reports. Pink: Controlled by Hadi-led government. Green: Controlled by Revolutionary Committee. Tan: Controlled by Southern Transitional Council. White: Controlled by Ansar al-Sharia/AQAP forces. Grey: Controlled by the Islamic State of Iraq and the Levant (ISIL). Blue: Controlled by local, non-aligned forces like the Hadhramaut Tribal Alliance. Salmon: Controlled by forces loyal to Ali Abdullah Saleh. Source: Ali Zifan.

William R. Hawkins
Former U.S. House Foreign Affairs Committee member

Every new President is challenged by foreign adversaries early in their term to test how U.S. policy may change with a new administration. Iran did not wait long to send its proxies into combat against American forces and allies. In Iraq, Shiite militia groups launched rockets attacks which wounded several Americans. On February 26, President Joe Biden sent air strikes against several related militia targets in Syria in retaliation. This seemed a continuation of President Donald Trump’s policy of muscular deterrence inaugurated by the drone strike that killed Maj. Gen. Qassem Suleimani, commander of Iran’s Quds Force, while he was meeting with Iraqi militia leaders on January 3, 2020. President Biden sent a further message of deterrence to Tehran with a show of force by two B-52 strategic bombers escorted by Israeli fighters. The connection was important because an Israeli ship docked in Dubai was bombed by terrorists suspected of working for Iran on February 25.

In Yemen, Iran’s proxy Houthi rebels have stepped up attacks by drones and ballistic missiles against Saudi Arabia, targeting both population centers and oil industry targets. Every few days, another barrage is launched. On March 7, Houthi Brigadier Yahya Sareea claimed the group had fired 14 drones and eight missiles at Ras Tanura, one of the world’s biggest oil ports, and other targets near their border. In retaliation, the Saudi-led coalition fighting the Houthi renewed their air campaign in Yemen with strikes at the rebel-held capital of Sana’a and other key targets. The coalition had pulled back on their air strikes due to pressure from the U.S., but restraint by Riyad and Washington has only encouraged the rebels. Continue reading →

Defeating China: Five Strategies

Posted on April 1, 2020 by admin

Journal of Political Risk, Vol. 8, No. 4, April 2020

Fighter jets of the U.S. Navy Blue Angels demonstration squadron fly over the Lincoln Memorial during the Fourth of July Celebration ‘Salute to America’ event in Washington, D.C., U.S., on Thursday, July 4, 2019. Source: Official White House Photo by Joyce N. Boghosian.

By Anders Corr, Ph.D.
Publisher of the Journal of Political Risk

Since 1989, when China massacred thousands of its own people in Tiananmen Square to stop a pro-democracy protest, the country has arguably grown into the world’s most powerful and centralized state. China’s GDP by purchasing power parity (PPP) is approximately $25.4 trillion, while the U.S. GDP PPP is only about $20.5 trillion.^[1] One man, Chinese President Xi Jinping, has almost total control of China’s economy and a leadership position for life. China’s authoritarian system, most recently, allowed the COVID-19 virus to become a pandemic. By the time it is controlled, it may have killed up to millions of people.

Compared to Xi Jinping, political leaders in democracies have comparatively little economic power. U.S. President Donald Trump, for example, has only partial control of the smaller (by purchasing power parity when compared to China) U.S. economy, and must be reelected in 2020 to continue his tenure for a maximum of an additional four years.

Continue reading →

As MENA States Grow Increasingly Repressive, Businesses Should Lead Reform

Posted on August 14, 2019 by admin

Journal of Political Risk, Vol. 7, No. 8, August 2019

Two women dressed in black are pictured side-by-side looking at documents together. Both wear head coverings.

A business tête–à–tête. Source: Pxhere.

Dr. Ramy Abdu
Founder and Chairman of the Euro-Mediterranean Human Rights Monitor

Nine years after the so-called “Arab Spring” protests swept the Middle East and North Africa, with mostly young people calling for the end of autocracy and respect for their human rights, civil and human rights are more at risk than ever. Governments across the region engage in vicious, factional wars for control (Syria, Yemen, Libya); are more dictatorial than ever (Egypt, Saudi Arabia); or continue to colonize and control populations with fewer means to defend themselves (Israel of Palestinians and Morocco of Western Sahara). When new civil uprisings do occur (Sudan, Algeria), the entrenched elites fight to fend off popular democracy.

Continue reading →

Can the U.S. and Saudi Arabia Defeat Iran?

Posted on June 27, 2019 by admin

Journal of Political Risk, Vol. 7, No. 6, June 2019

President Donald Trump is photographed walking with Saudi Arabia’s Deputy Crown Prince, Mohammed bin Salman, along the West Colonnade of the White House.

President Donald Trump walks with Saudi Arabia’s Deputy Crown Prince, Mohammed bin Salman, along the West Colonnade of the White House, Tuesday, March 14, 2017. Source: Official White House Photo, by Shealah Craighead.

William R. Hawkins
International Economics and National Security Consultant

There is concern that President Donald Trump’s last minute decision to call off airstrikes against Iran signals weakness in the White House. The Commander in Chief stated, “We were cocked & loaded to retaliate last night on 3 different sights [sic] when I asked, how many will die. 150 people, sir, was the answer from a General. 10 minutes before the strike I stopped it, not….proportionate to shooting down an unmanned drone.” This explanation will feed critics the next time there is an American strike anywhere, for any reason, that kills enemy troops.

President Trump’s explanation did not address why Iran is shooting at drones (the one downed was not the first targeted). Drones are used to survey Iranian attempts to attack oil tankers, a major threat with the strategic goal of pressuring the international community to lift the sanctions on the sale of Iranian oil which are crippling the Iranian economy. The attack on shipping also threatens the lives of crews. By taking the one drone out of context, its loss seemed too minor to justify retaliation. This was a mistake in analysis that fostered a mistake in principle. Continue reading →