Goldilocks’ Comments and Global Economic News for September 6th
Good morning Dinar Recaps
Japan’s chief currency diplomat says that the Japanese authorities will consider all options concerning currencies if speculative activities continue.
In other news,
Hold on tight.
Read: https://x.com/goldtelegraph_/status/1699205151305728472?s=46
Gasoline Prices Rise Year-over-Year for First Time since Feb 2022: CPI Inflation to Feel the Heat this Year | Wolf Street
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“JP Morgan Payments has partnered with Network International, an e-commerce enabler operating across the Middle East and Africa, to strengthen its acquiring offering.”
JP Morgan Payments has expanded into over 160 countries and over 120 currencies.
JP Morgan has become one of the leading payment options globally. By volume, JP Morgan is becoming a go-to financial institution in the Middle East.
All the work JP Morgan has done with Iraq in bringing about their digital economy is about to pay off.
Iraq is surrounded by nearby opportunities that will increase the value of their currency through demand.
© Goldilocks
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It’s been a miserable few weeks for the US Securities and Exchange Commission, after multiple court rulings sided with the crypto industry, humbling the regulatory body and forcing it to scramble for its next move.
But there is one simple way for the heavily scrutinized agency to save face.
In what could turn out to be an “everything is bon” moment following its scorched earth efforts, Michael Anderson expects the SEC’s messaging to shift to a “mission accomplished” theme.
On the Bell Curve podcast Spotify/Apple, the Framework Ventures co-founder posits the SEC’s next potential shift in strategy. “The SEC is going to say, ‘We did it. We regulated it. It’s now safe.’”
Now that Wall Street folks appear to be joining in the criticism with brutal takedowns (https://www.wsj.com/articles/grayscale-investments-v-sec-gary-gensler-spot-bitcoin-etp-neomi-rao-d-c-circuit-8350f660) of the SEC’s moves as failed “power grabs,” the agency will likely try to turn recent events “into a positive,” Anderson says.
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On January 1st, 2023, Basel 4 set out to implement Basel 3. The recent raising of banking capital requirements in gold, xrp, and foreign currency is currently being tested.
The banking system went back into the debt Market this week to test these new requirements. Look for adjustments to be made as we go through this process of transitioning the “ENTIRE” Global Market.
This is where economies are expected to go into real values. Look for caps to be released on gold and other commodities to support this transitional period with a reset on oil, gold, and silver at the end of this process.
We are in The End Game now.
© Goldilocks
https://www.jdsupra.com/legalnews/the-final-stretch-securitization-in-the-3130114/
https://kpmg.com/xx/en/home/insights/2021/10/basel-4-this-time-its-final.html
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Remember, the end game doesn’t happen all in one day. We have just begun the transition to a global market.
I do expect to see possible floats along the way, but full values take time in the resetting of currency values based upon new demands.
© Goldilocks
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Remarks by IMF Managing Director Kristalina Georgieva at the plenary session of the 43rd ASEAN Summit, Jakarta, Indonesia
IMF Link
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September Flurry of Corporate Debt Sweeps Global Markets
https://finance.yahoo.com/news/september-flurry-fresh-corporate-debt-175006705.html
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China has banned government officials from using iPhones for work…
Apple has been the biggest American company for nearly a decade.
More than 95% of iPhones, AirPods, Macs, and iPads are made in China.
Things are about to get interesting.
Read: https://twitter.com/GoldTelegraph_/status/1699425007150006767
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Visa is looking to modernize cross-border transactions by utilizing stablecoin settlement capabilities on Solana. The company is collaborating with merchant acquirers Worldpay and Nuvei to improve the speed of international settlements.
Visa has previously tested millions of dollars in USDC movement between various partners over the Ethereum and Solana networks to settle fiat payments. This initiative offers Visa’s clients an efficient, modern alternative to send and receive funds from Visa’s treasury.
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The Reverse Repo is Draining Again
https://youtu.be/2ILCKQ4jGfo?feature=shared
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