Goldilocks’ Comments and Global Economic News for Wednesday, August 16, 2023
Good evening Dinar Recaps,
Goldilocks posted comments and news links on the global financial system:
Let’s take a closer look at where we are as a Global Nation.
We are about to witness several margin calls around the world. This is an indication that securities held in margin accounts have decreased in value.
It doesn’t take a rocket scientist to know that everything is inflated around the world at this point.
We are moving into strong headwinds on the market. Prices are as high as they are because we have inflated them with the printing of money taking us further and further into debt.
This, in turn, depreciates the value of our Global currencies. We have to move forward in the spirit of cooperation to build a global economy based on real values and technological advances to aid us in finding paths forward that will create abundance.
I am sending out a video from economists who understand why we need to make this transition.
The birth of a new economy is in essence the birth of a new world.
© Goldilocks
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“Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), voiced her stance against an outright ban on cryptocurrencies.”
Kristalina is calling for Global coordination on crypto regulations going forward.
As you can see from many of the articles presented in this room, each country brings strengths to the quantum technological system that no other country can.
Together, we comprise of a holistic view of what is possible for the global economy in fully activating a Quantum Financial System built on the global efforts of the human race.
This meeting on September the 9th through the 10th is shaping up to be a world changing event whereby monetary policies in the digital economy is going global.
The decisions made in this meeting will determine the path we take together or separately. It is a paradigm shift towards Global cooperation over competition, and it will prove to reveal how far the human race has evolved in achieving true equality and just how humane we have become.
© Goldilocks
https://www.cryptopolitan.com/g20-meeting-sparks-crypto-clash/
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An “electronic bill of lading” is a digital version of the paper format used to record the shipment details for cargo ship containers.
“Container lobby group claims 50% uptake of electronic bills of lading could save the industry up to $4bn per year by 2030.”
This UK legislation is expected to boost Global eBL uptake for the entire shipping industry. It is another look at how our global economy, when working together, can build a Quantum Technological System that enhances everyone’s lives.
We are witnessing a paradigm shift from competition to cooperation in our new global economy.
© Goldilocks
https://www.legislation.gov.uk/ukpga/2023/38/section/4/enacted
https://www.legislation.gov.uk/ukpga/2023/38/section/1/enacted
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The Depository Trust and Clearing Corporation (DTCC) provides clearing and settlement services for the financial markets.
“DTCC is currently testing T +1 – the new standard for settling trades. Currently, trades are settled T+2. The last change was in 2017 when traders had three days to settle their securities transactions.”
All I can say is Shazam. The DTCC is currently testing under a pilot program able to do trades and clear all settlements in one day.
The final goal in completing a transactional process for the QFS is to do this in seconds. My understanding is that the move from one-day settling to instant settlements will move fast.
Once the market reforms are complete and the payment processes are activated and monetary policies finalized, we are good to go.
© Goldilocks
https://www.crowdfundinsider.com/2023/08/211466-dtcc-comments-on-t1-progress/
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China reduced its US Treasury holdings for the third consecutive month in June.
Holdings are now at a 14-year low. They have cut its treasury holdings by 11% over the past year.
They have added to their gold reserves for nine straight months.
Read: https://x.com/goldtelegraph_/status/1691812085313712320?s=46
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FIRST IRAQI BANK Launches Real-time Payment Service Visa Direct for Iraqi Consumers
https://www.prweb.com/releases/first-iraqi-bank-launches-real-time-payment-service-visa-direct-for-iraqi-consumers-301899221.html
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‘BRICS bank’ issues first South African rand bonds
https://www.reuters.com/markets/brics-bank-issues-first-south-african-rand-bonds-2023-08-16/
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