Goldilocks' Comments and Global Economic News Wednesday Evening 2-14-24

Good Evening Dinar Recaps,

Yesterday's CPI index reading or inflation index did not reveal what the Federal Reserve or Investors wanted to see. This caused a pullback in the market from investors whose hopes of a first or second-quarter pivot or reduction of interest rates have been threatened.

Many are beginning to ask themselves, is the debt so great that inflation may never go back to 2% as the Federal Reserve hopes under the current system?

At this point, traders are reassessing how they are going to approach the market. Many investors are putting their money inside tokenized assets such as gold and crypto. This is why we didn't see crypto follow the market yesterday.

A great deal of investors have been investing in crypto, but we have yet to see many move over into hard assets such as gold and silver like we have crypto. It's coming.

Goldilocks' Comments and Global Economic News Tuesday Evening 2-13-24

Good Evening Dinar Recaps,

"Over 44 Million Contracts Deployed to Ethereum Since Genesis: Research." This is on the Ethereum platform alone. These numbers were accumulated back in 2022, and many have been employed since that time on several other platforms.

Remember, smart contracts secure agreements being capable of fulfillment on both sides of a trade. Just recently, Cardano has already added over 5,000 contracts just this month. These smart contracts are continuing to expand as we approach Protocol 20 where Quantum Technologies from around the world will begin to populate their Networks and interface tokenized assets.

These tokenized assets will need payment systems such as stablecoins to pay for their use. These stablecoins will create money velocity adding value to a country's currencies being exchanged on the QFS.

As of last September, over 200 different stablecoins have been minted. Many of these are in process of being regulated at this time.

Goldilocks' Comments and Global Economic News Monday Evening 2-12-24

Good Evening Dinar Recaps,

Viet Nam’s exports surge 42% in January

"Việt Nam’s exports reached nearly US$33.6 billion in January, a 42 percent surge over the same period last year and the highest level since April 2022.

According to a report by the Ministry of Industry and Trade, Việt Nam’s total imports and exports of goods in the first month they surpassed $64 billion, up 38 percent year-on-year.

The surge in exports was mainly driven by the agriculture-forestry-fisheries, and processing industries, which increased nearly 97 percent and 38 percent, respectively."

These numbers are significant increases, but the one number that is the most encouraging is coming from their "process industry."

Companies that extract, transport, and process raw materials for manufacturing semi-finished or high-quality end products such as physical, mechanical, and/or chemical processes are classified as process industries.

This significant increase in demand for this particular industry indicates an ongoing service that can be provided to the Global economy. The increase in their goods and services will begin to increase price pressures on their currency to meet these demands through digitized payment systems.

© Goldilocks

Source: VNA/SGT/VNS/VOV/Dtinews/SGGP/VGP/Hanoitimes

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Goldilocks' Comments and Global Economic News Monday AM 2-12-24

Good morning Dinar Recaps,

"The changes to operations in the country’s FX market imply that Nigeria has eased its control of the Naira, allowing the local currency to float freely."

Nigeria is moving to a free-floating exchange rate. In other words, Nigeria is allowing their currency to be determined by supply and demand inside the market.

Here, the Central Bank will not be influencing the external value of their currencies' exchange rate.

© Goldilocks
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Goldilocks' Comments and Global Economic News Thursday Evening 2-8-24

Good Evening Dinar Recaps,

Joint Statement on the U.S.-UK Financial Regulatory Working Group

Folks, several financial governing bodies have been working together to create new leverage mechanisms that will level the playing field between countries around the world.

There is a growing understanding that these new Digital Payment Systems will create new Global Currency Values going forward.

The following article represents an accumulation of several working bodies in the financial payment sector collaborating new efforts for equalizing trade mechanisms on a Global scale going forward.

This is all part of leveling the playing field we have talked about many times among countries to allow everyone to move forward together inside a new Digital Asset Based Trading System. Treasury  UK Gov

© Goldilocks
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Goldilocks' Comments and Global Economic News Wednesday Evening 2-7-24

Good evening Dinar Recaps,

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the World Bank headed by the Director of the World Bank’s office in Iraq, Mr. Richard Abdel Nour.

During the meeting, they discussed enhancing bilateral cooperation between the Central Bank of Iraq and the World Bank and discussing electronic payment projects and financial inclusion, as well as reform programs to enhance the stability and development of the financial sector.

The two parties also discussed the support of the World Bank to provide advice in establishing the Riyada Bank dedicated to financing small projects in Iraq, with the support of the International Finance Corporation.

In turn, the World Bank delegation praised the procedures of the Central Bank of Iraq in facilitating financial transfers to different segments in Iraq, noting that the infrastructure of electronic payment systems and software systems in Iraq are among the best systems in the region.
 
Central Bank of Iraq  Information Office  7 February – 2024