Good evening,
Goldilocks posted comments and news links on the global financial system
The markets and banking system have made their preparations for our transition into the new economy.
The new capital requirements for the banking system will be tested this month as the banking system returns to the Debt Market.
This is the place where bonds are bought and sold to build infrastructure rise and fall. It is an important month for the banking system to test these new capital requirements.
These new Basel 3 requirements will be adjusted if need be this month. This includes the commodity market’s participation in growth due to higher requirements on gold as an asset for the banking system.
I would classify this month as an adjustment period to see if these new requirements hold or need more changes. It will tell us the economic ranges we are in enabling us to expand or contract.
© Goldilocks
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Will sharing a digital yuan QR code with Alipay, WeChat Pay drive adoption? – Ledger Insights – blockchain for enterprise
https://www.ledgerinsights.com/digital-yuan-qr-code/
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Multipolar Market on X
https://twitter.com/MultiPolarMarkt/status/1698311979323015507?t=RMCwv5NCm9HrnlJZYaFHyw&s=35
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How Have Mortgage Rates Hit Home Sales & Inventory? Where Will Inflation & Long-Term Rates Go? Have Credit Cards Propped up Consumers Spending? | Wolf Street
https://wolfstreet.com/2023/09/03/how-mortgage-rates-hit-home-sales-inventory-where-will-inflation-long-term-rates-go-did-credit-cards-prop-up-consumers-spending/
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Well, well, well #China and #SaudiArabia dump $114.5 Billion #USTreasury bonds. I keep asking the question, if the #USD #Petrodollar agreement is dropped and all other currencies are accepted for #oil. Who will make the bondholders whole?
Well, if these nations keep off losing their positions, it won’t be a question at all, now will it?
dailyhodl.com/2023/09/02/114…
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Financial Assets Are Now Set To Seriously Deflate | King World News
https://kingworldnews.com/financial-assets-are-now-set-to-seriously-deflate/
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Treasury and IRS Issue Proposed Regulations for Tax Reporting Requirements on Digital Asset Transactions | Sullivan & Worcester – JDSupra
https://www.jdsupra.com/legalnews/treasury-and-irs-issue-proposed-1008175/
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