Goldilocks' Comments and Global Economic News for Tuesday Evening, August 14, 2023
Good evening Dinar Recaps,
Goldilocks posted more comments and news links on the global financial system throughout the day:
China is cutting rates
America is raising rates
The two biggest economies are on two different paths
One is stockpiling gold and influences many of the world's most vital supply chains
One is heavily reliant on its currency and is sinking deeper into debt
This won't end well
Read: https://x.com/goldtelegraph_/status/1691488248428736519?s=46
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Today in history,
52 years ago Nixon ended the Bretton Woods system.
Watch: https://x.com/goldtelegraph_/status/1691493737178836995?s=46
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"EDGEWATER FACILITATES DIRECT TRADING IN SEVEN ARAB CURRENCIES"
Edgewater Markets has introduced their (Technical and Credit Mediation Services) regarding Foreign Currency Exchange Markets to the Gulf Corporation Council.
This incorporates the Middle Eastern countries. They are looking to "transform the landscape of foreign exchange trading within this region."
© Goldilocks
https://financefeeds.com/edgewater-facilitates-direct-trading-in-seven-arab-currencies/
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Could stablecoin regulation come sooner with PayPal USD launch? - Marketplace
https://www.marketplace.org/2023/08/14/could-paypals-launch-of-a-stablecoin-speed-up-regulation/
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52 years ago today, we had the last monetary reset.
Today:
1. Surging wealth inequality
2. Record global debt
3. Sovereign debt crisis
Since childhood, I've been intrigued by the monetary system because it explains many social problems that follow when it disadvantages the middle class.
Everything is connected.
This might explain why I always gravitated to elements because they have always served as our world's foundation.
Read the full article: https://x.com/goldtelegraph_/status/1691520268718514176?s=46
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The electronic FX liquidity and distribution specialist says that the step helps meet the needs of its corporate and institutional clients, including local banks, pension funds, hedge funds, brokers and end users, for hedging and execution of real MENA FX and non-deliverable forwards business.
By extending its services to encompass GCC currencies and Egypt, the firm provides local traders and investors within the region with advanced tools and a seamless trading experience. The development also gives Edgewater’s FX community (https://financefeeds.com/edgewaters-executives-state-what-matters-in-em-fx-tech-credit-execution/) in other regions more access to emerging markets while bringing greater efficiency and reduced operational complexity.
This is also needed to facilitate those exchanges we have all been worried about. Another piece in the puzzle.
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Long-Awaited Executive Order Targets U.S. Outbound Investment in China | Holland & Knight LLP - JDSupra
https://www.jdsupra.com/legalnews/long-awaited-executive-order-targets-u-5010766/
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