Goldilocks' Comments and Global Economic News for Tuesday afternoon, August 29, 2023

GoldilocksNews

Aug 29

Good afternoon Dinar Recaps,

Goldilocks posted comments and news links on the global financial system

"China Moves Ahead With Capital Market Support Measures. The measures include a lower minimum margin ratio, a stamp duty cut, and curbs on stock sales and new IPOs."

Stamp duty cuts boost liquidity and increase transaction sentiment in the markets. In other words, the stamp duty rate for currency (exchange rate changes) and interest rate derivatives have been reduced.

At the same time, China is currently utilizing lower margin rates in their trades to get through their crisis in the markets concerning Evergrande's widespread bankruptcy effect.

This allows them to reduce expenses, enhance profit potential, and enjoy greater flexibility in utilizing their capital.

When a company or a market is restructured, many provisions go into play that allow for changes to occur knowing values have changed.

This absorbs the shock inside markets for when companies like Evergrande who can't make their bills. A limited number of new offerings occur during these transitions to help markets make their adjustments.

In other words, Evergrande stocks and stocks affected by this company are on sale. This allows a market to move into real values based upon their ability to pay for them in the present economy.

This is a great time for new tokenized assets based upon real values to come into play through the activation of Quantum Technologies that have been interfacing with one another as of late.

We have not completed this process, but it is in the works.

© Goldilocks

https://www.regulationasia.com/china-moves-ahead-with-capital-market-support-measures/

https://www.cnbc.com/2023/08/25/china-to-cut-stamp-duty-on-stock-trading-to-revive-sentiment.html

UBS Link

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Banking Announcement:

Vietnam Joins ASEAN Payment Connectivity Initiative

The inclusion of the SBV has increased the Regional Payment Connectivity group from five to six ASEAN central banks.

https://www.regulationasia.com/vietnam-joins-asean-payment-connectivity-initiative/

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https://youtube.com/watch?v=7e2V4ACtgzQ&si=RnbHuCFLXM6QxKEm

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JUST IN: X (Twitter) obtains license required for crypto payments and trading.

@WatcherGuru

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ANKARA — Turkey and Saudi Arabia signed a memorandum of understanding to advance the two countries' cooperation in mining, Turkey’s Energy Minister Alparslan Bayraktar announced Monday.

Bayraktar said the deal is particularly aiming to advance cooperation between Turkey and Saudi Arabia on the mining of critical minerals. “One of the most important components of this memorandum involves cooperation on critical mines that are required in new technologies such as electric vehicles or solar panel technologies,” he told Turkey’s public broadcaster, adding that the scope of the deal involves the mining of critical minerals in Turkey and Saudi Arabia as well as third countries.

Read more: https://www.al-monitor.com/originals/2023/08/turkey-saudi-arabia-ink-critical-mineral-cooperation-deal#ixzz8Bo4nuMDf

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"The Energy Act of 2020 defines a critical mineral as a “non-fuel mineral or mineral material essential to the economic or national security of the U.S. and which has a supply chain vulnerable to disruption.” The law requires the USGS to update its list of critical minerals at least every three years, which informs federal agencies’ use of funds dedicated to strengthening supply chains, awarding tax credits, and setting strategy for increasing and diversifying supply."

The need for copper in our future economy is so great that copper has been put on the critical mineral list.

This means it has the potential to disrupt supply chains because of the demand for it in electronic vehicles, electrical products, wind solar, and hydropower.

At this point, Energy Infrastructure is of wide concern due to how much is needed to supply the next economy.

© Goldilocks

https://www.csis.org/analysis/building-larger-and-more-diverse-supply-chains-energy-minerals

https://www.australianmining.com.au/copper-joins-critical-minerals-list/

https://www.kitco.com/commentaries/2023-08-28/Copper-now-classified-as-US-critical-mineral-and-rightly-so.html

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