Goldilocks' Comments and Global Economic News for Thursday, August 24, 2023

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Goldilocks on the Seeds of Wisdom Team Website

https://www.wsj.com/world/asia/u-s-china-try-to-draw-nations-to-their-side-as-divisions-harden-43f1ffd3

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Goldilocks' Comments and Global Economic News Sunday 8-20-2023

Goldilocks' Comments and Global Economic News Sunday 8-20-2023

RJ: Good evening Dinar Recaps,

Goldilocks posted comments and news links on the global financial system:

For years, the BIS has quietly deliberated on how to build a better technological grid of control of all assets—not just monetary.

Their goal has been to inventory all finances, commodities, land, timber, houses, water, etc. on one ledger under their exclusive management and control.

On June 20, 2023, the BIS published “The Blueprint for the Future Monetary System: improving the old, enabling the new.”

Goldilocks' Comments and Global Economic News Sunday 8-20-2023

RJ: Good evening Dinar Recaps,

Goldilocks posted comments and news links on the global financial system:

For years, the BIS has quietly deliberated on how to build a better technological grid of control of all assets—not just monetary.

Their goal has been to inventory all finances, commodities, land, timber, houses, water, etc. on one ledger under their exclusive management and control.

On June 20, 2023, the BIS published “The Blueprint for the Future Monetary System: improving the old, enabling the new.”

This Unified Ledger system, if implemented, will accomplish their long-awaited goal: complete control of all global natural resources.

This comprehensive blueprint gives new meaning to the World Economic Forum’s mantra: “By 2030, you’ll own nothing, and you’ll be happy.”

https://theberkshireedge.com/the-blueprint-for-the-future-monetary-system/

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Biden to sign strategic partnership deal with Vietnam in latest bid to counter China in the region

"The agreement will allow for new bilateral collaboration that will boost Vietnam’s efforts to develop its high technology sector in areas including semiconductor production and artificial intelligence."

The US and Vietnam have entered into a strategic partnership agreement. A strategic partnership agreement allows the US and Vietnam to expand their reach into each other's markets.

This bilateral agreement will create more demand for each other's currencies and money velocity adding more value to them through this Business partnership.

This partnership will take effect in the middle part of September 2023.

© Goldilocks

https://www.politico.com/news/2023/08/18/biden-vietnam-partnership-00111939

MarketingGeneral Link

https://quizlet.com/352523424/lab-10-flash-cards/

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U.S., China Try to Draw Nations to Their Side as Divisions Harden

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"CPPE (Center for the Promotion of Private Enterprise) sets agenda for coordinating minister of economy. The Certified Consumer Protection Examiner...

...advocates level playing field for all economic players"

https://tribuneonlineng.com/cppe-sets-agenda-for-coordinating-minister-of-economy/

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"Each week the Office of the Comptroller of Currency provides a list of bank branches set to close."

To give you an idea of how much this is taking place, I'm giving you a link below to see the weekly list that takes place each week.

When we first began this journey together, I told you that their would be several banking closures and consolidations take place during banking reforms.

We are in the end game now.

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Stellar News

The Stellar disbursement platform allows users to rapidly send funds to thousands of recipients within seconds, according to an announcement made on Wednesday.

It offers a range of applications including supplier payments, payroll management and contractor payments, meeting diverse payment needs.

In addition, the platform’s seamless integration with Stellar’s global network of on- and off-ramps, covering more than 180 countries, allows recipients to convert digital currency into cash “easily”.

https://cryptosaurus.tech/new-open-source-distribution-platform-launched/

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A New Frontier: The SEC Addresses Artificial Intelligence (And a whole lot more)

EXECUTIVE SUMMARY
Newly proposed rules (the Predictive Analytics Rules1) will, if adopted as proposed, require broker-dealers and investment advisers (firms) to: (i) identify conflicts of interests when using certain technology in interactions with “investors”; and (ii) adopt policies and procedures that eliminate or neutralize (rather than disclose or mitigate) those conflicts of interests.

The Predictive Analytics Rules would cover a broad range of technology that includes not just “artificial intelligence,” but also any other analytical, technological, or computational function, algorithm, model, correlation matrix, or similar method or process that optimizes for, predicts, guides, forecasts, or directs investment-related behaviors (Covered Technology).

The proposal would apply in situations where firms use Covered Technology in connection with the firm’s engagement or communication with an “investor,” including by exercising discretion with respect to an investor’s account, providing information to an investor, or soliciting an investor.

This includes communications that take place in person, on a website, via smartphones, through computer applications, or by email, among other modes of communication (including advertisements).

Because of the manner in which the term “investor” is defined, the Predictive Analytics Rules apply differently to broker-dealers and investment advisers. Specifically, the Predictive Analytics Rules will apply with respect to Covered Technology used in interactions with all clients of an investment adviser, including institutional investors, as well as investors in registered funds and certain private funds. For brokers-dealers, the Predictive Analytics Rules, however, would only apply with respect to interactions with retail customers.

https://www.natlawreview.com/article/new-frontier-sec-addresses-artificial-intelligence-and-whole-lot-more

The Jackson Hole symposium is expected to be a game changer for the Gold and Commodities Market.

Jerome Powell is expected to give some kind of indication that the interest rate hike is over or near over. This will release the controls on gold and other commodities allowing them to move into real values.

New demands for solar power and electrical vehicles are beginning to create price pressures on the silver market.

Copper has demands on all kinds of industrial use. It is a leading indicator of how well an economy is doing.

A move into a more realistic alignment with our new digital asset-based trading market will allow more flow into our mainstream economy giving copper the ability to move more freely.

We are witnessing the shift into our new digital asset-based economy begin to gain traction.

© Goldilocks

https://www.kitco.com/commentaries/2023-08-18/Gold-Silver-Jackson-Hole-is-a-game-changer.html

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Americans are exhausting their excess savings - and could run out of funds this quarter, Fed study says

Business Insider Link

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From Goldilocks

Every single leading economic indicator is pointing downward.

The Global Economy is collapsing all around us.

People have depleted their savings according to surveys done by the Federal Reserve.

The last time we were at this level was when the Lehman Brothers collapsed their shares on the market.

The entire Inverted Yield Curve is inverted on a level never seen before in history.

We have three major factors going forward that will affect our economy: all our leading indicators are pointing downward, the inverted yield curve which measures recessions and depressions are at historical lows, and we have 70% of our Market or consumers that have already spent up their savings.

We are at a crossroads, and the next three economic meetings taking place will give us new direction.

Watch what happens at the BRICS Summit, the Jackson Hole symposium, and the G20 meeting ending on the 10th of September.

On September the 11th, we will have new guidelines and policies giving us direction to move forward.

Be ready.

© Goldilocks

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“Capital One reported having roughly $3.6 billion in commercial real-estate loans classified as “held for investment” in the first quarter, but moved $888 million into its “held for sale category in the second quarter while recognizing a $361 million charge off as part of the transfer.”

Looks like the Commercial Real Estate sector is starting to feel the heat of defaults and high-interest rates. Capitol One selling off a huge chunk of their CRE debt to another bank should be a big signal to the markets…..trouble lies ahead.

© Marie G.from Q & A
https://www.marketwatch.com/story/capital-one-confirms-roughly-900-million-sale-of-office-loans-as-property-sector-wobbles-1732b144

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The Great Real Estate RESET!

https://youtube.com/shorts/MwBXe3off2U?feature=share

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The South African President says an expanded BRICS will represent a diverse group of nations which share a common desire to have a more balanced world order.

The expansion is coming.

“Balance world order.”

Reset.

Read: https://x.com/goldtelegraph_/status/1693348424266010639?s=46

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Goldilocks' Comments and Global Economic News for August 19, 2023

Goldilocks' Comments and Global Economic News for August 19, 2023

Good evening Dinar Recaps,

Goldilocks posted comments and news links on the global financial system:

WEBINAR: the SEPA Request-To-Pay scheme: Steady and ready to take off in 2023

ICYMI: the @EPC_SEPA has posted a recording of its recent webinar 'The SEPA #Request2Pay scheme: Steady and ready to take off in 2023'

Goldilocks' Comments and Global Economic News for August 19, 2023

Good evening Dinar Recaps,

Goldilocks posted comments and news links on the global financial system:

WEBINAR: the SEPA Request-To-Pay scheme: Steady and ready to take off in 2023

ICYMI: the @EPC_SEPA has posted a recording of its recent webinar 'The SEPA #Request2Pay scheme: Steady and ready to take off in 2023'

https://youtu.be/vAHfbaIiOpI

Journey From The Humble Indian Rupee To International Currency

https://edtimes.in/journey-from-the-humble-indian-rupee-to-international-currency/

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PRESS RELEASE

No.136/SP/TKP-ASEAN2023/8/2023

PUBLIC COMMUNICATIONS TEAM

FOR IMMEDIATE RELEASE

Indonesia to Host Flagship Event ASEAN-Indo-Pacific Forum (AIPF): Implementation of the ASEAN Outlook on the Indo-Pacific (AOIP) 2023 - September 5-6

https://www.asean2023.id/en/news-and-information/press-release

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US Banks Suffer $18,900,000,000 in Losses As JPMorgan Chase and Capital One Take Big Hits From Bad Loans: Report

Daily Hodl Link

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"Standard Charter is joining a growing list of banks keen to explore opportunities in a debt-swap market that was once dominated by Credit Suisse."

Do you remember back in late 2021 when we were exploring the Quantum Technologies ready to be used by Iraq?

We looked at the building blocks that would be the foundation of the new digital economy that was about to be built beginning January 1st, 2022.

Two entities kept surfacing during that time that would serve as supporting actors going into the new economy: Standard Charter and Fintech.

We have heard a lot about Fintech for the last year and a half, and the time has come for Standard Charter to step up to the plate.

The list of banks are growing that are interested in hedging currency risks with foreign exchange transactions once dominated by Credit Suisse.

Standard Charter has talked to several banks and governments about a "debt for nature" swap that involves the use of them utilizing their own local currencies in exchange for reducing their debt if certain conditions are met. The proceeds will go to fund conservation activities.

The key to this transaction is for commercial Banks or Governments to sell their debts at less than the value of its original loan.

The World Bank is behind a lot of the green bonds initiative desiring to help countries create a sustainable environment and improve the climate around the world.

In conjunction with banks, the World Bank is leading the charge toward getting Banks like Standard Charter and others to form an alliance that will improve the well-being of our world.

This project will provide much needed liquidity for new countries who want to create a sustainable environment through climate change and monetary reforms that will build upon sustaining efforts of their currencies moving forward with new liquidity.

Bonds are denominated in local currency, and you just thought you were doing a simple currency exchange.

It's not a bad trade.

BloombergLaw

WorldBank Link

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Project Genesis 1.0: Prototype digital platforms for green bond tokenisation

https://www.bis.org/about/bisih/topics/green_finance/green_bonds.htm

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Genesis 2.0: Smart contract-based carbon credits attached to green bonds

https://www.bis.org/about/bisih/topics/green_finance/genesis_2.htm

Sustainable bond issuance will return to growth in 2023 | S&P Global

SPGlobal Link

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Want to know when the mature date is coming due on these green bonds?

It's in the articles above...

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"President Cyril Ramaphosa, pictured with Chinese President Xi Jinping, backed China's call for a new financial world order that prevents "unilateral sanctions" against countries such as Russia."

https://www.news24.com/news24/politics/brics-summit-cyril-ramaphosa-backs-chinas-new-financial-order-plans-20230819

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India-Russia trade settlement: A way forward

https://www.orfonline.org/expert-speak/india-russia-trade-settlement-a-way-forward/

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BRICS : De-Dollarization begins with Oil & Gas

This morning, I shared with you why countries will be moving back to their own local currencies. Several countries all over the world have already spent trillions of dollars on green bonds that will support their maturity being denominated in local currencies.

Tonight, I will share with you how it will begin. The BRICS Nations are encouraging countries that join with them to move back into their own National Currencies.

China and Russia already back their oil and gas with gold. Saudi Arabia, who plans to join the BRICS Nation, will be under pressure to follow new rules. Payments on oil and gas are expected to be converted in local currencies inside the BRICS system.

At the time of this writing, Saudi Arabia is still using the dollar for trade, but this could change with their new alliance inside the BRICS system. Saudi Arabia's biggest customer is China. This could go a long way in some of their transactions being dealt in the Petro Yuan by the end of the year.

This is, perhaps, one of the worst things that could ever happen to the dollar. The demand for the Petro Yuan is increasing at a rapid pace along with Banks in the East backing their capital with gold.

We are on the cusp of a paradigm shift that will change the way we do things on a global scale.

Are you watching?

© Goldilocks

https://indiashippingnews.com/brics-de-dollarization-begins-with-oil-gas/

The Panama Canal Has Become a Traffic Jam of the Seas

More than 200 vessels are stuck on either side of the waterway as a serious drought cuts crossings.

Uh oh...

"Use of the all-water route through the Panama Canal will continue to be an important, cost-effective transportation mode for a significant segment of world trade."

https://pancanal.com/en/maritime-services/trade-routes/#:~:text=Use%20of%20the%20all%2Dwater,significant%20segment%20of%20world%20trade.

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China's massive gold purchases may actually be underestimated, and will likely continue for many years - BMO

"Based on the World Gold Council's estimate of global central bank demand last year (1,136t) and reported purchases in IMF statistics, approximately 65% of gold additions were unreported. It is widely thought that China and Russia likely account for a notable portion of this difference," the analysts said.
Kitco Link

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**SEC FINALLY ADMITS RIPPLE/XRP NOT A SECURITY & THE XRP ARMY IS VINDICATED | PROFIT WILL BE MADE**

https://youtu.be/v40L83-buag

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https://www.hwca.com/accountants-north-london/opinion/how-when-and-why-to-restructure-your-business/

https://www.kansascityfed.org/research/jackson-hole-economic-symposium/

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Goldilocks' Comments and Global Economic News for Friday, August 18, 2023

Goldilocks' Comments and Global Economic News for Friday, August 18, 2023

RJ: Good afternoon Dinar Recaps,

Goldilocks posted comments and news links on the global financial system:

China's Evergrande files for bankruptcy. They specifically filed for Chapter 15 which keeps their financial troubles in their own country.

Chapter 15 prohibits non-US companies from filing lawsuits and freezing up assets during the reconstruction process from tying up funds in the US.

Because of the investment connections tied up with Evergrande here in the United States, this keeps China's restructuring process at home.

Goldilocks' Comments and Global Economic News for Friday, August 18, 2023

RJ: Good afternoon Dinar Recaps,

Goldilocks posted comments and news links on the global financial system:

China's Evergrande files for bankruptcy. They specifically filed for Chapter 15 which keeps their financial troubles in their own country.

Chapter 15 prohibits non-US companies from filing lawsuits and freezing up assets during the reconstruction process from tying up funds in the US.

Because of the investment connections tied up with Evergrande here in the United States, this keeps China's restructuring process at home.

Meanwhile, there are some companies willing to give Evergrande partial funding in exchange for a 28% of the company's profits.

Evergrande is expected to return to normal operations within 3 years per articles written on this matter.

This decision allows the US more wiggle room in the reset process of our own housing market undergoing a restructuring process as well.

The Jackson Hole Symposium is just around the corner, and the Evergrande decision will give more clarity for this symposium as they make Market decisions that entertain ideas on how to move forward with the Global Economy.

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Some people are asking what I mean by "WATCH THE WATER."

Supply and demand affects a country's exchange rate. Trade moves from country to country through the shipping industry. The shipping industry is moving into a digital process with a tokenized technological system backed by a commodity.

All of this goes into a repricing event for a country's new monetary system. Currencies are a part of this equation and the determination of exchange rates is built upon a healthy trading experience.

This is why you are seeing shipping containers and shipping industry reforms and monetary reforms and digital banking reforms and Market reforms take place all at the same time.

Supply and demand create determining price factors in an exchange rate - just like the markets.

The significance of trade going forward has less to do with the volumes of trade than before. The value of what a country's export brings to the import of another country will be determined by those price factors going forward giving each country a Level Playing Field in the influence and Power of the Global Economy.

Artificial intelligence will be able to assess these new values based on their product's real worth and continued dividends.

How do you think the dollar rose to the top and became the World's Reserve Currency? It was used in trade everywhere. This made the worth of the dollar more valuable than any other currency in the world giving it the status of a World Reserve Currency. The dollar was used as a substitute for countries who had less trading demand and value.

Now, countries are going to use their own National currencies in trade. The increase in demand on these trades will increase the value of their own National Currencies.

Iraq recently became a trading partner with India and seeking inclusion in the Unified Payment System that will allow them to go across borders sometimes by land sometimes by sea seeking more demand for their currency which gives it more value.

"The main transport mode for global trade is ocean shipping: around 90% of traded goods are carried over the waves."

So, there you have it, what happens in the water has far more influence than most people realize in determining price action values on every sector of the market.

Watch the water.

Investopedia Link

OECD Link

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"JPMorgan Chase & Co. will likely include India’s sovereign bonds on its indexes next year as investment hurdles get resolved, one of Europe’s biggest asset managers said."

They are expecting a mid-2024 inclusion date that gets phased in going forward.

No one country operates on its own, it is the combined efforts and shared profits within each country that will help us move forward.

Cooperation over competition is the overall theme that must be embraced in order for our world to survive and thrive.

© Goldilocks

https://www.business-standard.com/world-news/jpmorgan-index-may-include-india-s-sovereign-bonds-in-2024-says-pictet-123081700636_1.html

Ripple is working with Bank for International Settlements on a payments taskforce

https://finbold.com/ripple-is-working-with-bank-for-international-settlements-on-payments-taskforce/

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"Stellar Releases Open-Source Disbursement Platform for Global Payments"

Stellar has launched a decentralized payment platform that can process bulk payments instantly across national borders.

Stellar aims to provide more equitable access to financial services for the underbanked.

Stellar’s Disbursement Platform will work in conjunction with its network of 475,000 cash-to-crypto stations that have been situated around the world.

https://coincodex.com/article/31328/stellar-releases-open-source-disbursement-platform-for-global-payments/

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Russia has officially launched the Digital Russian Ruble, which is expected to become operational from August 1st.

This move is aimed at helping Moscow conduct foreign trade in the face of Western sanctions.

The Digital Ruble is not based on a single protocol and therefore cannot be visible to the Bank for International Settlements (BIS) in Basel.

This allows Russia to effectively bypass the financial sanctions imposed by Western countries.

https://www.claytoncountyregister.com/news2/russia-officially-launches-the-digital-ruble/108049/

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The real cost of de-dollarisation | Jordan Times

http://www.jordantimes.com/opinion/benn-steil/real-cost-de-dollarisation

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Digitization refers to converting physical data into digital records, while datafication involves quantifying previously qualitative information.

Datafication is important because it allows companies to optimize services based on user behavior, creating a win-win for both parties.

The increase in online and mobile device usage has led to more data collection, but privacy measures such as blockchain technology are being developed to address concerns.

https://www.makeuseof.com/what-is-datafication-how-differ-from-digitisation/

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JUST IN: $1,000,000,000 liquidated from the crypto market in the past 24 hours.

@WatcherGuru

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