Goldilocks’ Comments and Global Economic News for Sunday, August 13, 2023
RJ: Good afternoon Dinar Recaps,
Goldilocks posted comments and news links on the global financial system:
“CFTC Staff Releases Request for Comment on the Impact of Affiliations of Certain CFTC-Regulated Entities”
These public comments are focused on derivative clearing organizations, designated contract markets, and swap execution facilities.
These entities have responsibilities in overseeing and supervising all participants in such matters as foreign currency exchanges.
For the next 60 days, public comments will be accepted as required by legislation to offer informed consent to the general population on such matters.
At that time, the CFTC can move forward.
© Goldilocks
https://www.cftc.gov/PressRoom/PressReleases/8734-23
CFTC LINK
The New Development Bank and the World Bank are beginning to encourage lending money in local currencies.
This will strengthen economic ties, facilitate cross-border transactions, and encourage investment flows within the region.
The shift to this new monetary policy comes with the hope of those lending money in local currencies will have an exchange rate advantage and interest rate advantage down the road. Do you hear what is being said here?
Watch what the big girls and boys are doing my friends.
© Goldilocks
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Research is currently being done through the IMF on “The Dominant Currency Financing Channel of External Adjustment.”
The Dominant Currency Financing Channel of External Adjustment determines exchange rates between countries.
Pricing exports from a country utilizing a dominant currency instead of the country’s own local money is under review.
Trade flows and money flows that produce income for countries shipping out their production services are under review.
Watch the water.
© Goldilocks
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The BRICS Summit 2023: Unveiling Potential Geopolitical Paradigm Shift – Modern Diplomacy
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Microsoft is working with Aptos Blockchain to connect Artificial Intelligence with Web 3.
This will create a decentralized protocol through artificial intelligence using derivative instruments that will minimize risks in foreign currency exchanges.
Microsoft keeps a watchful eye out on their foreign currency hedge funding options as far as 3 years forward.
This enables them to create portfolios through a decentralized process inside an artificial intelligence program designed to give them best-case scenarios in their path forward.
© Goldilocks
https://techcrunch.com/2023/08/09/microsoft-aptos-blockchain-ai-web3/
Microsoft Link
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9 Signs That The U.S. Consumer Is About To Break.
SEC Proposes Sweeping New Rules on Use of Data Analytics by Broker-Dealers and Investment Advisers – Data Matters Privacy Blog
https://datamatters.sidley.com/2023/08/10/sec-proposes-sweeping-new-rules-on-use-of-data-analytics-by-broker-dealers-and-investment-advisers/
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Mortgage Demand Falls as US Credit Downgrade, Treasury Yields Push Rates Higher
https://www.investopedia.com/mortgage-demand-falls-as-us-credit-downgrade-treasury-yields-push-rates-higher-7574471
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House Bill to provide for a system of regulation of digital assets by the Commodity Futures Trading Commission and the Securities and Exchange Commission, and for other purposes.
👆 Digital Asset-based clarification bill.
Reforms, reforms, reforms…
https://www.congress.gov/118/bills/hr4763/BILLS-118hr4763ih.pdf
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Government banks are looking at internal systems and automation
We need to see more of these banking protocols in Iraq set up. Digital monetary policies are beginning to be formed.
It lets us know they are upgrading their Banking System to meet International Standards inside a digital asset-based economy.
© Goldilocks
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