Goldilocks’ Comments and Global Economic News Friday Evening 10-13-2023
Good morning Dinar Recaps,
Did you know that there have been over 66,000 articles published in this room for the last 2 years?
We have learned a lot together regarding the new QFS system.
© Goldilocks
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On Friday, the World Bank stated it is boosting its collaboration with nine Multilateral Development Banks.
Multilateral Development Banks are part of the BRICS System. More and more liquidity is moving over to the BRICS System.
The World Bank provides financing, policy advice, and technical assistance to governments of developing countries.
The transition of power and wealth is right in front of us my friends.
© Goldilocks
Zawya Link
Wikipedia New_Development_Bank Link
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“Sudan’s Iranian Rapprochement Gives Control Of The Red Sea To BRICS”
On January 1st, 2024, Iran and Sudan are reestablishing harmonious relations after 7 years of conflicting viewpoints through connection with the BRICS Nations.
This gives control of access to the Red Sea and the Suez Canal to the BRICS Nations. As we have discussed many times in this room, 80% of International trade takes place on the water whereby the formation of exchange rates occurs the most.
Watch the water.
© Goldilocks
Silk Road Briefing Link
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The Stellar (XLM) blockchain, known for fast international transactions, is about to introduce something new. This is called Soroban, a platform for smart contracts that’s being tested right now. What makes Soroban special is its use of WebAssembly (WASM), which is designed to work well with regular websites and blockchain systems.
Blockchains need to be very safe. Even a tiny mistake in the code can cause big problems. That’s why Stellar wants to make sure that its new system, Soroban, is as safe as possible. Smart contracts, which are agreements stored on the blockchain, have to be very secure because they are immutable so once they are made, they can’t be changed.
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Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development
IMF Link
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Transcript of October 2023 World Economic Outlook Press Briefing
Speakers:
Pierre‑Olivier Gourinchas, Director, Research Department, IMF
Petya Koeva Brooks, Deputy Director, Research Department, IMF
Daniel Leigh, Division Chief, Research Department, IMF
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We are still in the testing phase of Protocol 20.
At the end of the month, a vote will be taken to move forward with the integration of Quantum Technologies.
Smart Contracts will be activated around the world to secure both sides of a trade in an electronic format.
© Goldilocks
https://dashboard.stellar.org/
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STRATEGIC IMPORTANCE OF THE RED SEA
One of the most important issues in the Red Sea area over the last 50 years has been the Arab-Israeli conflict. There is also the close interrelationship between the Red Sea and the Arab Gulf, which have historic, economic, and strategic links.
Pdf Links:
STRATEGIC IMPORTANCE OF THE RED SEA
Strategic Importance of the Red Sea – DTIC
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Transcript of Middle East and Central Asia Department Press Briefing
Speaker: Jihad Azour, Director of the Middle East and Central Asia Department, IMF
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Something to pay close attention to is the developments in the Strait of Hormuz.
This is a chokepoint for nearly 20% of the world’s oil.
Read: https://x.com/goldtelegraph_/status/1712885583935426637?s=46
