Goldilocks’ Comments and Global Economic News Sunday 8-20-2023
RJ: Good evening Dinar Recaps,
Goldilocks posted comments and news links on the global financial system:
For years, the BIS has quietly deliberated on how to build a better technological grid of control of all assets—not just monetary.
Their goal has been to inventory all finances, commodities, land, timber, houses, water, etc. on one ledger under their exclusive management and control.
On June 20, 2023, the BIS published “The Blueprint for the Future Monetary System: improving the old, enabling the new.”
This Unified Ledger system, if implemented, will accomplish their long-awaited goal: complete control of all global natural resources.
This comprehensive blueprint gives new meaning to the World Economic Forum’s mantra: “By 2030, you’ll own nothing, and you’ll be happy.”
https://theberkshireedge.com/the-blueprint-for-the-future-monetary-system/
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Biden to sign strategic partnership deal with Vietnam in latest bid to counter China in the region
“The agreement will allow for new bilateral collaboration that will boost Vietnam’s efforts to develop its high technology sector in areas including semiconductor production and artificial intelligence.”
The US and Vietnam have entered into a strategic partnership agreement. A strategic partnership agreement allows the US and Vietnam to expand their reach into each other’s markets.
This bilateral agreement will create more demand for each other’s currencies and money velocity adding more value to them through this Business partnership.
This partnership will take effect in the middle part of September 2023.
© Goldilocks
https://www.politico.com/news/2023/08/18/biden-vietnam-partnership-00111939
https://quizlet.com/352523424/lab-10-flash-cards/
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U.S., China Try to Draw Nations to Their Side as Divisions Harden
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“CPPE (Center for the Promotion of Private Enterprise) sets agenda for coordinating minister of economy. The Certified Consumer Protection Examiner…
…advocates level playing field for all economic players”
https://tribuneonlineng.com/cppe-sets-agenda-for-coordinating-minister-of-economy/
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“Each week the Office of the Comptroller of Currency provides a list of bank branches set to close.”
To give you an idea of how much this is taking place, I’m giving you a link below to see the weekly list that takes place each week.
When we first began this journey together, I told you that their would be several banking closures and consolidations take place during banking reforms.
We are in the end game now.
© Goldilocks
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Stellar News
The Stellar disbursement platform allows users to rapidly send funds to thousands of recipients within seconds, according to an announcement made on Wednesday.
It offers a range of applications including supplier payments, payroll management and contractor payments, meeting diverse payment needs.
In addition, the platform’s seamless integration with Stellar’s global network of on- and off-ramps, covering more than 180 countries, allows recipients to convert digital currency into cash “easily”.
https://cryptosaurus.tech/new-open-source-distribution-platform-launched/
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A New Frontier: The SEC Addresses Artificial Intelligence (And a whole lot more)
EXECUTIVE SUMMARY
Newly proposed rules (the Predictive Analytics Rules1) will, if adopted as proposed, require broker-dealers and investment advisers (firms) to: (i) identify conflicts of interests when using certain technology in interactions with “investors”; and (ii) adopt policies and procedures that eliminate or neutralize (rather than disclose or mitigate) those conflicts of interests.
The Predictive Analytics Rules would cover a broad range of technology that includes not just “artificial intelligence,” but also any other analytical, technological, or computational function, algorithm, model, correlation matrix, or similar method or process that optimizes for, predicts, guides, forecasts, or directs investment-related behaviors (Covered Technology).
The proposal would apply in situations where firms use Covered Technology in connection with the firm’s engagement or communication with an “investor,” including by exercising discretion with respect to an investor’s account, providing information to an investor, or soliciting an investor.
This includes communications that take place in person, on a website, via smartphones, through computer applications, or by email, among other modes of communication (including advertisements).
Because of the manner in which the term “investor” is defined, the Predictive Analytics Rules apply differently to broker-dealers and investment advisers. Specifically, the Predictive Analytics Rules will apply with respect to Covered Technology used in interactions with all clients of an investment adviser, including institutional investors, as well as investors in registered funds and certain private funds. For brokers-dealers, the Predictive Analytics Rules, however, would only apply with respect to interactions with retail customers.
The Jackson Hole symposium is expected to be a game changer for the Gold and Commodities Market.
Jerome Powell is expected to give some kind of indication that the interest rate hike is over or near over. This will release the controls on gold and other commodities allowing them to move into real values.
New demands for solar power and electrical vehicles are beginning to create price pressures on the silver market.
Copper has demands on all kinds of industrial use. It is a leading indicator of how well an economy is doing.
A move into a more realistic alignment with our new digital asset-based trading market will allow more flow into our mainstream economy giving copper the ability to move more freely.
We are witnessing the shift into our new digital asset-based economy begin to gain traction.
© Goldilocks
https://www.kitco.com/commentaries/2023-08-18/Gold-Silver-Jackson-Hole-is-a-game-changer.html
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Americans are exhausting their excess savings – and could run out of funds this quarter, Fed study says
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From Goldilocks
Every single leading economic indicator is pointing downward.
The Global Economy is collapsing all around us.
People have depleted their savings according to surveys done by the Federal Reserve.
The last time we were at this level was when the Lehman Brothers collapsed their shares on the market.
The entire Inverted Yield Curve is inverted on a level never seen before in history.
We have three major factors going forward that will affect our economy: all our leading indicators are pointing downward, the inverted yield curve which measures recessions and depressions are at historical lows, and we have 70% of our Market or consumers that have already spent up their savings.
We are at a crossroads, and the next three economic meetings taking place will give us new direction.
Watch what happens at the BRICS Summit, the Jackson Hole symposium, and the G20 meeting ending on the 10th of September.
On September the 11th, we will have new guidelines and policies giving us direction to move forward.
Be ready.
© Goldilocks
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“Capital One reported having roughly $3.6 billion in commercial real-estate loans classified as “held for investment” in the first quarter, but moved $888 million into its “held for sale category in the second quarter while recognizing a $361 million charge off as part of the transfer.”
Looks like the Commercial Real Estate sector is starting to feel the heat of defaults and high-interest rates. Capitol One selling off a huge chunk of their CRE debt to another bank should be a big signal to the markets…..trouble lies ahead.
© Marie G.from Q & A
https://www.marketwatch.com/story/capital-one-confirms-roughly-900-million-sale-of-office-loans-as-property-sector-wobbles-1732b144
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The Great Real Estate RESET!
https://youtube.com/shorts/MwBXe3off2U?feature=share
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The South African President says an expanded BRICS will represent a diverse group of nations which share a common desire to have a more balanced world order.
The expansion is coming.
“Balance world order.”
Reset.
Read: https://x.com/goldtelegraph_/status/1693348424266010639?s=46
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