Goldilocks' Comments and Global Economic News for August 4, 2023
Goldilocks' Comments and Global Economic News for August 4, 2023
RJ: Good afternoon Dinar Recaps,
Goldilocks posted comments and links on the global financial system:
BRICS finally abandons USD for global trade settlement – Cryptopolitan
The BRICS Nations have shared in previous articles about going to National Currencies in global trade to strengthen the value of their currencies.
And now, it is official. They intend to drop the use of the dollar in these countries that make up the BRICS Nations.
The currency demand for each country that joins the BRICS Nations will increase their money velocity and price for their currencies going forward.
This de-dollarization process will take a toll on the dollar's role and demand as it levels into an even playing field by taking its place in a field of currencies circulating as much as the dollar over time.
© Goldilocks
https://www.cryptopolitan.com/brics-abandons-usd-global-trade-settlement/
India’s presidency note reveals game-changing crypto recommendations – Cryptopolitan
India's President is taking on a leadership role in formulating crypto regulatory guidelines and submitting them before the next meeting of the G20 Summit happening September 8th through the 9th.
They are submitting suggestions that will be read and Incorporated within the agenda before their next meeting on monetary guidelines set forth through the digital economy. This is expected to be proposed to the global economy.
The Financial Stability Board and the IMF are being recommended to oversee the formation of these new digital monetary policies for the world.
© Goldilocks
https://www.cryptopolitan.com/indias-presidency-on-crypto-recommendations/
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Report: U.S. Has Lost Global Leadership Position in Digital Policy – MeriTalk
https://www.meritalk.com/articles/report-u-s-has-lost-global-leadership-position-in-digital-policy/
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In today's articles, we are seeing a shifting role for the US dollar and US influence begin to take place.
The Transference of Wealth and Transference of Power is beginning to shift into Global Cooperative efforts in Quantum Technologies.
© Goldilocks
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Federal Banking Agencies Issue Basel III Endgame Package of Reforms - Gibson Dunn
https://www.gibsondunn.com/federal-banking-agencies-issue-basel-iii-endgame-package-of-reforms/
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UPI’s global ambition: The payments system needs to address many issues before it goes international – Latest News Headlines l Politics, Cricket, Finance, Technology, Celebrity, Business & Gadgets
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