Goldilocks’ Comments and Global Economic News for September 23, 2023
Good afternoon
India to get billions of foreign investments
JPMorgan Chase & Co. will include Indian government bonds in its benchmark emerging-market index, a welcome development that could drive billions of foreign inflows to the nation’s debt market.
The decision is the latest sign of India’s growing attractiveness to international investors, as the country’s economic growth outpaces peers, its geopolitical influence grows, and companies including Apple Inc. look for alternatives to China.
The index provider will add Indian securities to the JPMorgan Government Bond Index-Emerging Markets starting June 28, 2024. The South Asian nation will have a maximum weight of 10% on the index, according to a statement.
The move follows the Indian government’s introduction in 2020 of bonds that can be wholly owned by foreigners, as well as moves to promote foreign portfolio investment.
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“About 93% of global central banks are exploring the possibility of having their own digital currencies.
Such central bank digital currencies could boost local-currency payments, and aid the de-dollarization drive, according to a paper by IMF staff.”
Using local digital currencies instead of the dollar as the World Reserve Currency in trade will really escalate the move to a digital economy backed by gold and other commodities.
This is why Central Banks around the world have been buying so much gold for decades. The plan for this move has been going on for some time, and institutional moves like this creates changes to everything.
This is why I want to encourage you to do everything you can to not give up hope because the Global Currency Reset is inevitable.
You were drawn to this adventure for a reason. Please, realize it is more than just for your well-being. The abundance you receive, if managed well, has the potential to touch millions of lives. An undertaking on this magnitude is never done alone, you will be guided by forces of nature in Heaven and on Earth to create paths you’ve never seen before.
Enjoy your weekend and know you have become a part of something really great. The greatness that chose you to participate in this journey knows you can fulfill the purpose for which you were born.
There has never been a greater time to live on this Earth creating a window of opportunity between angelic forces and our Creator guiding us and reminding us who we really are.
This is an evolutionary benchmark for humanity to become more fully what we are capable of going forward. It is a test that we must pass. For those who have made it this far, may you express and experience the desire to become what we were made from – LOVE.
© Goldilocks
Business Insider Link
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Iraqi PM delivers speech at UN General Assembly
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“Emerging markets drive global crypto adoption out of necessity, not speculation” – Chainalysis
Our move from a gold-backed economy to a gold-standard economy would not have been possible without a digital economic protocol. It gives every country around the world the opportunity to stand on equal footing.
We are at a crossroads in history, and the mere survival of the human race depends on the choices we make going forward. The road ahead not only challenges us to survive, but it challenges us to thrive in working together for the good of all. From me to we is the challenge, and we must succeed in it.
This new Financial System will enable a Level Playing in trade and local opportunities will flourish because of it.
It captures the minds and hearts of the young and old in creative ways never seen before, and it will enable full participation of the gifts and talents of many generations to come.
This new economic endeavor has the capacity to change the world in a way never thought possible through full participation and collective efforts of minds across the globe engaged in forging a path into the world that was once done by a few.
We are true pioneers on this journey and collectively involve more of the human race because of it. This movement will require faith, hope, and love to achieve our greatest potential.
It is time for us to join hands as brothers and sisters in a great transfer of wealth that will provide an opportunity for each person to participate.
The Age of Creativity is here.
© Goldilocks
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Billion-Dollar Bank Terminating Cash Transactions in All Branches in Abrupt Shift to Digital-Only Era
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Trading Announcement:
“The Electronic Trade Documents Act (“the Act”) comes into force today in the United Kingdom, giving legal recognition in English law to electronic trade documents, including electronic bills of lading.”
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Press release distribution, EDGAR filing, XBRL, regulatory filings | Business Wire
SAN MATEO, Calif.–(BUSINESS WIRE)–“Franklin Templeton continues to grow its active fixed income exchange-traded fund (ETF) lineup with today’s launch of Western Asset Bond ETF on Nasdaq under the ticker WABF. WABF is actively managed by Western Asset, a leading fixed income manager and specialist investment manager of Franklin Templeton.”
Do you see it? Our assets on the old Financial System are being tokenized and offered.
The world is changing my friends and transforming itself into a new world.
© Goldilocks
Business Wire Link
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“Today, the European Chips Act enters into force. It puts in place a comprehensive set of measures to ensure the EU’s security of supply, resilience, and technological leadership in semiconductor technologies and applications.”
https://europeansting.com/2023/09/21/digital-sovereignty-european-chips-act-enters-into-force-today/
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CRYPTO NEWS from around the world:
New Ethereum Test Network
Ethereum developers launched a new test network, ‘Holesky’, that will improve the blockchain’s testing capability. The testnet should have 1.4 million validators, double the 700,000 on its mainnet, to help address scalability problems.
South Koreans Declare Over US$98 Billion in Crypto Assets
South Korea’s tax agency announced that taxpayers have declared overseas cryptocurrency assets worth US$98.5 billion following the introduction of mandatory reporting requirements — a steep rise from the previous year’s figures.
PayPal Launches Crypto Off-Ramp
PayPal has added to its crypto product suite with the launch of a new off-ramp service to convert crypto tokens to US dollars directly from wallets into PayPal accounts. PayPal has also made its stablecoin, PYUSD, available on Venmo – with Venmo users now able to send PYUSD to friends and family to compatible external wallets, such as with Crypto.com.
SWIFT CBDC Project
SWIFT announced that three other central banks, including the Hong Kong Monetary Authority and the Central Bank of Kazakhstan, have joined the beta phase of its central bank digital currency (CBDC) interoperability project. It has also entered a new phase of sandbox testing.
Meta’s Metaworld Game
Meta CEO Mark Zuckerberg announced in a Sept. 15 blog post that Meta has started rolling out its first Metaverse game to mobile and web in an early-access state. The only experience available now is Super Rumble, a free-for-all shooter.
https://decrypt.co/156008/paypal-launches-crypto-to-usd-off-ramps
https://www.meta.com/en-gb/blog/quest/horizon-worlds-web-mobile-social-vr-free/
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Citi launches token service for institutional clients
