Goldilocks' Comments and Global Economic News Thursday AM 4-4-24
Goldilocks' Comments and Global Economic News Thursday AM 4-4-24
Good Morning Dinar Recaps,
Zimbabwe has set its sights on joining the New Development Bank (NDB), an institution established by the BRICS economic bloc. Persistence Gwanyanya, a prominent economist and member of the Reserve Bank of Zimbabwe’s monetary policy committee, confirmed the country’s application in a recent interview with The Herald.
“We have applied to join the New BRICS Development Bank,” Gwanyanya said. He expressed optimism about Zimbabwe’s application, citing support from BRICS members Brazil, Russia, and South Africa.
Gwanyanya clarified that Zimbabwe’s pursuit of NDB membership does not preclude its aspirations to join the BRICS alliance itself. “Zimbabwe, like many African nations, is committed to achieving sustainable economic growth and transformation through continental integration,” he explained. “We value our collaboration with BRICS partners in fulfilling our market integration goals.” Daily News Egypt
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The BRICS alliance may be preparing a big announcement at the upcoming summit. In fact, with more interested nations awaiting invitations, all eyes will be on which nations will receive formal invitations to join the newly expanded BRICS+.
Nations looking to ditch the US dollar and join the growing bloc hope the summit will also include talks on enlargement. Slobodenpecat
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MOSCOW, April 3 2024
"Russia's finance ministry said on Wednesday that it would more than double its purchases of foreign currency and gold in the month ahead, thanks in part to higher than expected income tax receipts."
Gold is an indicator of the health in a countries' economic system. In a free market system, gold is seen as a currency.
Through accumulating foreign assets, a central bank can level off the contraction in consumption following a sudden stop in capital flows.
If you have been paying close attention to what we have been talking about the last few months, you know what this article is talking about and what it means.
Russia is preparing for a currency intervention, but they are not the only country doing the same. Currency interventions are on the way, and countries are preparing for this shift.
Countries utilize this particular mechanism in resetting the values of world currencies.
Governments often try to influence their exchange rates through the buying and selling of their currencies among other countries.
Governments and Central Banks participate in these exchanges to determine a manageable exchange rate.
The accumulation of gold by various countries' Central Banks will create new values as they are exchanged to justify new price actions going forward. Market Screener Open Lib Oreilly
Look out. Here we come.
© Goldilocks
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When a country buys gold, they are adding net worth to the value of their own currencies.
Through the act of trading currencies with added value to their own currencies (revenue) inside the central bank backed by gold, exchanging them with other foreign currencies solidifies new price patterns.
Foreign currency exchanges become a way of securing these new price patterns on the market and inside the banking system.
© Goldilocks
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Everyone wants to know when an RV will take place. ASK THE MARKETS.
© Goldilocks
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Just a reminder my friends. There may be higher sources out there beyond Isaac, but we don't go until he does.
© Goldilocks
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Chase Launches Chase Media Solutions, a New Digital Media Business, Connecting 80 Million U.S. Consumers with the Brands They Love | Chase Media
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When MICA completes regulations on May 28th, 2024, the new Digital Economy will begin moving into real values.
© Goldilocks
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The global bitcoin mining company will harness wind and solar energy from West Texas to expand its operations. | Bitcoin Magazine
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