Goldilocks’ Comments and Global Economic News Friday Evening 12-1-23
“The Ministry of Finance hosted the board of directors meeting of the BRICS’ New Development Bank (NDB) in Dubai, from 27 to 28 November 2023, in line with the UAE’s strategy to enhance coordination with regional and international developmental organizations. This meeting marks the first board meeting of the New Development Bank to be held in the UAE and the MENA region.”
The New Development Bank is a major player for the BRICS system. It constitutes a major development inside the BRICS Financial system in bridging their markets to a Bank for banks designed to provide liquidity for financial systems.
The very fact that they have just recently had their first Board Meeting tells us that their plan to move forward with the BRICS Nations are currently in motion.
A Board Meeting such as this is a meeting to set policies and strategies between Banks of different countries.
“Oil Prices Retreat As OPEC+ Cuts Another 684KBPD, Brazil Joins OPEC+”
Brazil joins OPEC Plus today, and we are finding out that 684,000 barrels per day will also be cut.
This has a profound effect on the economy as it slows transportation down and begins to affect goods and services moving across the country.
This, in turn, effects local economies. There are usually several difficult decisions that are made during times like this for employers having to lay off employees.
The S&P 500 takes a hit along with other sectors of the market to bring assets into real values.
Currently, we are in process of tokenizing our assets on the new digital economy. These tokenized assets have been going through legislative processes for the last 2 years creating standardized protocols.
These tokenized assets are backed by the Commodities sector of our markets. Gold and silver tend to do well during recessionary times, and their ability to support our new tokenized asset Market will usher in new prices across all sectors of the market.
This includes the tokenized assets inside the Forex Market. Look for new price pressures to form in the foreign exchange markets as new local currencies around the world replace the dollar creating new price patterns in trade.
Iraqi Financial Announcement:
As part of financial and economic reforms, the Iraqi Cabinet has endorsed recommendations to conduct all state contracts within Iraq in Iraqi dinars.
There will be exceptions for ongoing external grants, loans, and agreements, and new contracts involving foreign grants, loans, and agreements may adhere to agreed-upon foreign currency terms, as specified in the Ministry of Finance’s April 27, 2023 circular.
Additionally, beneficiaries can open documentary credits for importing project materials and transfer foreign currency for salaries, wages, and company dues, subject to Central Bank of Iraq (CBI) controls.
(Source: Media Office of the Prime Minister)
JUST IN: 🇺🇸 US Judge threatens to sanction SEC lawyers for convincing a court to freeze a crypto firms assets under false & misleading claims.
PRNewswire/ — Alchemy Pay joins the Stellar ecosystem as a new on and off-ramp provider. It is now possible for companies building on the Stellar network to access Alchemy Pay’s on and off-ramps for convenient fiat-crypto purchases of XLM and USDC. This integration brings the opportunity for developers and dApps within the Stellar ecosystem to seamlessly integrate the Alchemy Pay Ramp through accessible plugins and APIs and to incorporate cost-effective fiat-crypto transition services into their platforms, which are now featured in the Stellar Anchor Directory.
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🚨RIPPLE XRP & STELLAR XLM🚨SET TO RULE THE WORLD🚨FULL BREAKDOWN OF BOTH
JUST IN: SEC Spot Bitcoin ETF potential approval window is between January 5th – 10th, 2024.
Supreme Court seems poised to limit power of SEC | CNN Politics