Goldilocks posted comments and news links on the global financial system:
~~~~~~~~~~
India and Iraq recently had a meeting and agreed to strengthen economic and banking ties between their countries.
“The two parties agreed to open bank accounts in accredited Indian banks to facilitate external transfers to cover Iraq’s imports…”
This will speed up transfers for Iraq importing merchant items between the two countries. More importantly, this will add Iraq to the UPI electronic mechanisms required to do digital trading between countries.
The Unified Payment Interface is a step forward into the more advanced levels of trading on the new QFS.
The UPI is a system that unites payment accounts between countries allowing trade to be facilitated in one’s own local currencies. It is a way of increasing demand on local currencies and the values between the countries who trade utilizing this method of payment.
This will merge several banking features, create seamless fund routing, and merchant payments. Iraq is rapidly entering into the International stage of trading that allows movement of money between countries inside their supply/ demand side of economics.
If you could only see me smile, this is the one thing that I have been looking to see happen for a long time. It is why you have heard me say over and over and over the following words:
“WATCH THE WATER.”
© Goldilocks
https://cbi.iq/news/view/2402
Cashless India Link
~~~~~~~~~~
SHANGHAI, Aug 17 (Reuters) –
“China’s major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter said, in an attempt to slow the yuan’s depreciation.
Though they also trade on their own behalf or to execute clients’ orders, state banks often act at the behest of the central bank when the yuan is under pressure, as it is now.”
There is far more to the story than this article quotation reveals, so let’s take a brief look at it a little closer from another point of view.
China made a decision a while back to back its oil trades with gold in order to strengthen the Petro Yuan. As we have seen from recent articles, this move has benefited China in the new digital trading system in the eastern half of our world.
The selling of the Dollar for the Yuan will not only strengthen their position in trade, but the dynamics of the dollar losing its value also goes into play with this decision.
At some level, China is aware that the demand for their currency backed by real values will benefit them more at this time utilizing their own local currency.
© Goldilocks
~~~~~~~~~~
Inflation and Financial Deepening.
Inflation is causing many countries to return to the use of their own local currencies in a process known as “Financial Deepening.”
Trading with one’s own local currencies balances the Gross Domestic Product inside of a country in terms of trade ratios.
This creates a demand for a Country’s National Currency and its value through imports and exports or supply and demand in trade.
This is why many countries around the world are returning to their own National Currencies inside trade mechanisms that will level the playing field through a digital asset-based trading system.
Tokenized assets backed by Commodities of real value offer a suitable environment for trading in ways not seen before in history.
A Great Transfer of Wealth will make our new digital economy possible through the QFS. In turn, countries around the world will be given an equal opportunity to find abundance organically, and more importantly, Sovereignly.
© Goldilocks
https://www.sciencedirect.com/science/article/abs/pii/0304387886900088
~~~~~~~~~~
“LCH – part of the post-trade division of London Stock Exchange Group – has announced that Goldman Sachs International and Goldman Sachs Bank Europe SE have gone live as clearing brokers at CDSClear as it continues to expand its network.”
Goldman Sachs is now involved in International Trades and the Clearing House Brokers Division. This involves the Foreign Currency Exchange Market as well.
This expansion of Goldman Sachs’ Derivatives Clearing Platform will enable them to reduce risk and enhance their client’s portfolios.
© Goldilocks
https://www.thetradenews.com/goldman-sachs-goes-live-as-clearing-broker-for-lch/
~~~~~~~~~~
Gold is currently priced in dollars because it is the most active market in the world.
As our world shifts into many active markets around the world, countries trading in their own National Currencies will influence the price of gold in those countries significantly.
The tokenization of assets including gold will give us an opportunity to Standardize the price of gold from a collective set of Global Data on the QFS.
Because these new figures will formulate new price pressures, a repricing event in gold is now in the cards.
© Goldilocks
https://kinesis.money/blog/gold/lyn-alden-major-market-shifts-put-gold-repricing-on-the-cards/
https://www.kitco.com/gold-price-today-usa/index.html
~~~~~~~~~~
Amazon Partners with Ripple Will Use XRP for Payments https://coinmarketcap.com/community/articles/64da555b78930e444c6d6a1c
~~~~~~~~~~
Another Blow To The Petrodollar: India & The UAE Complete First Oil Sale In Rupees | ZeroHedge
https://www.zerohedge.com/geopolitical/another-blow-petrodollar-india-uae-complete-first-oil-sale-rupees
~~~~~~~~~~
Breaking News:
China’s Evergrande files for bankruptcy.
~~~~~~~~~~
Crypto is flash crashing
Bitcoin and Ethereum prices collapsed by nearly 8% and 10% within 5 minutes.
Bitcoin has dived below the $27,718 support level, meaning the flagship cryptocurrency risks being in free fall if the bulls don’t come to the rescue.
The stability of the crypto market is once again under threat after long sideways trading as it faces a challenging week.
~~~~~~~~~~
JUST IN: $769 million liquidated from the crypto market in the past 30 minutes.
~~~~~~~~~~
Follow Goldilocks’ Roadmap
Follow Goldilocks’ Timeline
Goldilocks’ Telegram Room
https://t.me/+YU9UrHLxFbszOTJh
Q & A Room
https://t.me/+gqQYBsK0ZCpkMDg5
