Goldilocks’ Comments and Global Economic News for Monday, August 14, 2023
Good morning Dinar Recaps,
Goldilocks posted comments and news links on the global financial system:
Jackson Hole Economic Policy Symposium
The Jackson Hole Symposium is 10 days away. They have chosen a title. The 2023 Economic Policy Symposium. “Structural Shifts in the Global Economy,” will be held Aug. 24-26, 2023.
Central Bank leaders from around the world will be attending this event. There will be several discussions surrounding the paradigm shift taking place in our market and/or economy.
Other discussions will be on expanding the new digital economies’ functions and how it will operate.
These meetings are taking place before the G20 meeting in early September whereby the expectation of the Financial Stability Board is expected to give a green light to the global economy on moving forward with their digital clarity structures.
From August 24th to September 11th, new monetary policies in our new digital economy will be evaluated and given permission to be implemented.
This will set the stage for the final phases of Quantum Technologies to interface global digital networks in preparation for total activation inside a new digital framework.
We will still need to complete our currency reforms inside the Markets and Banks. Step by step, we are getting there.
© Goldilocks
KansasCityFed Link
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Banking announcement:
“RBI Announces Planned Upgrades to UPI System.”
The Reserve Bank of India is creating an artificial intelligence mechanism that will allow Banks from around the world to connect with their Quantum Technologies into their Unified Payment Interface.
This new payment system has the capacity to go International, and it is important for us to watch its development.
A new feature will walk users through a set of procedures allowing initiation of UPI transactions through conversing with an AI-powered system.
© Goldilocks
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State Banks are getting into the game for the use of stablecoins. They are currently in conversation with the Federal Reserve on these matters.
A state bank is not the same as a central or reserve bank; these institutions are primarily concerned with influencing a government’s monetary policy.”
They are expected to follow the same rules and regulations as a Central Bank institution. Requirements to back 100% of their stablecoin transactional values are expected through commodities.
A stablecoin is a representation of a country’s currency. These latest conversations tell us that movement forward is about to commence again with stablecoin legislative bills seeking to become law.
© Goldilocks
Cadwalader Link
Investopedia Link
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India makes the first crude oil payment to UAE in Indian rupees.
Boom.
The foundation of the energy world could undergo significant transformation in the months ahead.
Read: https://x.com/goldtelegraph_/status/1691137106720993280?s=46
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BREAKING NEWS
BRICS WILL DISCUSS THE ESTABLISHMENT OF A COMMON PAYMENTS SYSTEM NEXT WEEK, WHILE A TECHNICAL COMMITTEE IS LIKELY TO BE FORMED TO START CONSIDERING A POTENTIAL JOINT CURRENCY
There it is.
Read: https://x.com/goldtelegraph_/status/1691126311656345608?s=46
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“Ripple Commands 90% of Global FX”
What?
Ripple is rapidly becoming a major player in Forex transactions. It’s ability to minimize transaction times is impeccable. “Its payout network encompasses over 90% of the world’s foreign exchange business.”
Furthermore, Ripples’ partner Instarem wants to use their Digital Network to service the needs of the Internal Treasury operations.
© Goldilocks
https://thecryptobasic.com/2023/08/14/ripple-partner-instarem-to-use-blockchain-solution-for-internal-treasury-operations/
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BRICS | BOOM! 85% of The World’s Population Ready Ditch U.S. Dollar & The Grand Exodus Begins! 45 Countries Prepare To Join BRICS Week Before Summit – American Media Group
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De-Dollarization: Save Nations from Dependency on Dollars
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Stellar (XLM), the sister organization of Ripple and XRP, is designed to facilitate cross-border payments and provide financial services to the unbanked and has a unique mission in the crypto space.
Its partnerships with established financial institutions and its commitment to inclusivity have positioned it as a contender to bridge the gap between traditional financial systems and the world of cryptocurrencies.
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UAE Dumps Dollars For Oil Trade – (Can US Save The Petrodollar?)
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