Goldilocks’ Comments and Global Economic News for July 26, 2023
RJ: Good morning Dinar Recaps,
Goldilocks posted comments and links on the global financial system:
On July 27th, the Basel 3 compliance plan for the economy will be proposed. If approved, another day will be set for activation.
No one knows for sure what this will do to the markets when they go to real values.
It has always been assumed that the markets will crash. Let me propose to you another possibility.
We could start from where we are as markets are reset behind the scenes.
Actually, this has been happening for some time and most people don’t know it.
What remains to be seen in the activation of Basel 3 accords is a mystery.
Cross your fingers. We are getting closer.
© Goldilocks
“Gold-backed BRICS currency off the agenda for now, but bloc expansion will jeopardize petrodollar” – Lobo Tiggre
Lobo Tigger states that if Turkey and Saudi Arabia join the BRICS Nations, it could be a major blow for the Petro-Dollar.
If the BRICS Nations begin utilizing their National Currencies in trade, this could cause a watershed event on the dollar and strengthen the currencies in the East.
© Goldilocks
https://www.kitco.com/news/2023-07-25/Gold-backed-BRICS-currency-off-the-agenda-for-now-but-bloc-expansion-will-jeopardize-petrodollar-Lobo-Tiggre.html
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Today we hear from Jerome Powell on how the economy is doing at two Eastern Standard Time.
Many are expecting an interest rate hike today, but we will see.
A lot of the market indicators are rolling over right now showing a downturn in the market is already taking place, so the direction banks and markets go from this moment forward will depend on the decisions made today and going forward.
The dollar is about to go into real values that can level the playing field for us in the currency markets. This has been a slow process. We have seen a couple of them happen this month, but much more are on their way.
© Goldilocks
Fed Meeting Today: FOMC’s Interest-Rate Decision, Powell’s Presser, and What Else to Watch
https://www.barrons.com/livecoverage/fed-july-meeting-decision-rate-hike-powell-speech-today
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We could actually see a Currency Market float before we see a reset on their real values.
It is what we have seen with two currencies so far this month. It wasn’t a lot of movement, but changes were made.
Time will tell.
© Goldilocks
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Putin says ‘yes’ to Russia’s digital ruble
https://www.blockworks.co/news/putin-approves-russia-digital-ruble
via @Blockworks_
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