Goldilocks' Comments and Global Economic News for September 7th
Goldilocks' Comments and Global Economic News for September 7th
Good morning Dinar Recaps,
🍎 China sends Apple falling
Apple Inc. shares fell the most in a month following a report that Chinese government agencies have banned employees from using iPhones at work.
Employees at “some” central government regulators received instructions via chat groups and in meetings to stop bringing such gadgets into the office, said the Wall Street Journal, citing people familiar with the matter. It’s not clear how widely the orders were issued, the newspaper added.
The stock fell 4% to $182.13 in New York on Wednesday, its biggest intraday drop since Aug. 4.
And the reason is that the company enjoys widespread popularity in China. The country is the largest international market for Apple, despite its growing discontent with everything American due to the technological rivalry between the two.
Apple's iPhones are among the best-selling devices in China and are widely used in both the public and private sectors.
Sometimes the best thing to do with an apple is to eat it
https://twitter.com/MultiPolarMarkt
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THE WORLD FEDERATION OF EXCHANGES
Annual Meeting
19-21 September 2023 | Bermuda
Dear Members of the WFE Community,
The World Federation of Exchanges, hosted by the Bermuda Stock Exchange, is pleased to announce that registration is open for the WFE’s Annual Meeting, 19-21 September 2023.
To register for the conference meeting please click here
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The World Federation of Exchanges has completed its research paper on the operations of our digital economy and intends to present it at the WFE annual meeting on the 19th thru the 21st of September in 2023.
For the last decade, crypto markets have operated without standard protocols. This research paper takes into account how new Quantum Technologies are merging together and adapting to the new environment ahead.
Research, pilot programs, and implementation are the three phases of development utilized by governing bodies. This meeting will focus on Crypto Market Development and moving forward with the new policies presented by the financial stability board during the G20 meeting.
It is an attempt to put into perspective, test, and move forward with the organizing data available to us at this time.
© Goldilocks
World Exchanges Link
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SEC Shakes Up Payments for Trade-Tracking System
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What is a Bill of Lading?
https://youtu.be/bhWcQDio2MY?feature=shared
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A universal electronic bill of lading is being proposed. It started 3 years ago. And now, it is becoming a universal expected protocol.
A bill of lading is a contract between the shipper and the carrier ensuring the contents of the package is secure and accurate.
The digitization of our shipping ports and trading sectors on land are currently becoming digitized, and now, standardized.
These new protocols will create seamless transactions across many retail sectors allowing up-to-date tracking capabilities to help inform production managers. This will help them to adequately supply workers at needed rush times to fulfill these transactions seamlessly.
Speed and efficiency are the hallmarks of the new digital economy that will save time and money.
© Goldilocks
https://indiashippingnews.com/msc-welcomes-the-ebl-declaration-by-the-future-international-trade-fit-alliance/
CDP Calls for G20 Mandatory Nature Disclosures
https://www.regulationasia.com/cdp-calls-for-g20-mandatory-nature-disclosures/
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Market Announcement:
The SSE (Shanghai Stock Exchange) has signed an agreement with Saudi Tadawul Group, which owns the Saudi Exchange, to collaborate on cross-listings, fintech, ESG, data exchange, and research.
“The collaboration will help to promote diversity and inclusion in both markets,” the SSE said in a statement. “The two exchanges will also work to promote corporate listings, ETF dual listings, and knowledge sharing in investor relations.”
https://www.regulationasia.com/shanghai-saudi-exchanges-to-cooperate-on-cross-listings/
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China added to its gold reserves for a 10th straight month in August.
From paper to hard asset reserves.
Read: https://x.com/goldtelegraph_/status/1699780295892095396?s=46
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ASEAN nations see improved rules yielding $2 trillion digital economy by 2030 | ZDNET
https://www.zdnet.com/article/asean-nations-see-new-rules-yielding-2-trillion-digital-economy-by-2030/
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Reforms in GCC Countries Showing Big Impact - Modern Diplomacy
https://moderndiplomacy.eu/2023/09/06/reforms-in-gcc-countries-showing-big-impact/
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A Reserve Bank of India (RBI) “source” told multiple Indian news outlets that the wholesale digital rupee trials have expanded to include call money markets. India is unusual because it launched both wholesale central bank digital currency (wholesale CBDC) and retail CBDC pilots almost simultaneously.
https://www.ledgerinsights.com/digital-rupee-money-markets-to-use-wholesale-cbdc-retail-cbdc-integrates-upi/
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Treasury and IRS Issue New Proposed Regulations on Digital Assets
https://www.natlawreview.com/article/treasury-and-irs-issue-new-proposed-regulations-digital-assets
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Accelerating inflation without economic growth is a bad combination, yet it is the environment we find ourselves at the present time.
Markets do run behind current data. It is a race against time to correlate new market structures inside a new digital economy before the markets catch up to the change.
The challenge before us is to bridge these two economies before the inevitable takes place.
Gold and other Commodities will serve as an underlying support structure that will enable us to move forward.
Gold will set us free.
© Goldilocks
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It is clearly evident that the powers that be are ready to move us forward into the new digital asset-based trading system.
The "SEC Approves Funding Amendment to National Market System Plan Governing the Consolidated Audit Trail" commonly known as the CAT.
The Consolidated Audit Trail (the CAT) enables regulators to track all orders and trading activity throughout the U.S. markets.
The transition begins...
© Goldilocks
https://www.sec.gov/news/press-release/2023-169
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SEC set to impose new fees on brokers to pay for audit-trail system
https://www.investmentnews.com/sec-set-to-impose-new-fees-on-brokers-to-pay-for-audit-trail-system-241808
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BRICS Are Set to Present Themselves as a New Global Economy | News | teleSUR English
https://www.telesurenglish.net/news/BRICS-Are-Set-to-Present-Themselves-as-a-New-Global-Economy-20230904-0009.html
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