Goldilocks’ Comments and Global Economic News Late Wednesday Morning 11-8-23
Good Morning Dinar Recaps,
Iraq’s pursuit of a unified oil law since 2017 is seen as a step towards national unity but may threaten Kurdistan’s semi-autonomous status and exclude Western energy involvement.
Russia and China are increasing their presence in Iraq’s oil market, capitalizing on reduced U.S. influence in the Middle East and leveraging strategic alliances.
The new oil law, controlled from Baghdad, is intended to manage all oil and gas production in Iraq, consolidating power and possibly marking a shift away from Western energy dominance. OilPrice Link
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There are still plenty of Copper Pennies for YOU
https://youtu.be/Q8orFTsGUJo?feature=shared
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BRICS: What Happens if Saudi Arabia Ditches US Dollar for Oil?
https://watcher.guru/news/brics-what-happens-if-saudi-arabia-ditch-us-dollar-oil
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JUST IN: HSBC, one of the largest banks in the world, to launch a digital-assets custody service for institutional clients. @WatcherGuru
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Record Number of Supertankers Heads to the Gulf to Export US Oil – MishTalk
https://mishtalk.com/economics/record-number-of-supertankers-heads-to-the-gulf-to-export-us-oil/
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The CFTC just released its results on holding the new economy into account and alignment with traditional mechanisms already in place to secure a safe and efficient digital economic system.
As we transition into a digital economy, it has been important that all of these new digital applications register and follow regulatory guidelines. This article gives you an idea of some of the changes and recommendations that have taken place in 2023. It has been a year of transition.
In 2024, we are going to see the new digital economy come into play. Various sectors of the market will move forward faster than others depending on how much they have integrated themselves into the new digital asset-based trading system.
Some countries will be further along than others. Either way, it is time to begin implementing tokenized assets on the market that will guide us forward.
These new tokenized assets will have real values based on Commodities supporting them and standard protocols. This is why the new economy is called the digital asset-based trading system to cover all titles of what is involved in bringing it about.
© Goldilocks https://www.cftc.gov/PressRoom/PressReleases/8822-23
