Goldilocks’ Comments and Global Economic News Monday Evening 12-18-23
Good Evening
“The Basel Committee on Banking Supervision has issued a public consultation on proposed amendments to its standard on banks’ exposures to cryptoassets.” These proposed changes will flesh out the criteria needed to back stablecoins with reserve assets and require Banks to have an understanding of how these procedures work to ensure a sufficient understanding of their use.
These public comments and proposed amendments will become crypto asset standards for the next economy. The purpose of public consultation is to allow citizen input to inform policy design along with decision-making processes.
This will be an update to a process that has already taken place and will be due on March the 28th, 2024.
© Goldilocks
https://www.bis.org/bcbs/publ/d567.htm
https://www.bis.org/press/p231214.htm
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BRICS has a secret world order plan – Here are all the juicy details
BRICS nations are strategically planning to undermine US dollar dominance, aiming to establish a new global financial order.
A potential BRICS currency could significantly impact key US economic sectors, including banking, trade, and tourism.
The upcoming 16th BRICS summit in 2024 is set to be a pivotal event in advancing this new financial paradigm and global economic rebalancing.
https://www.cryptopolitan.com/brics-has-a-secret-world-order-plan/
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Shipping, trucking, and housing markets are in decline. Several major Market sectors have been experiencing disruptions for some time.
From Covid-19 to recent wars, many markets have gone through price distortions due to inflation along with supply and demand.
On top of all of this, we are in the process of tokenizing our assets and backing this digital economy with new support levels inside the banking system with capital requirements in gold.
Never in the history of our world have we seen so much in so little time. In 2024, we are going to see several sectors of the market begin to move into real values as well as adjust to new tokenized assets backed by new gold support levels inside the bank system.
© Goldilocks
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“Currency Manipulation and Exchange Rate Policies: Why the WTO needs to strengthen its monetary policies”
The World Trade Organization has been working on currency reform for some time. This is not new information, but new data showing up at the end of this year is.
The tokenization of assets backed by real values in gold is coming to a head in January 2024. It will begin to leave us with real values to work with in making currency valuations more sustainable and supportive to our new local currencies trading in several countries around the world.
The reason why we have monetary policies is to manage economic fluctuations and achieve price stability.
We are beginning to get some direction inside this area of the economy and moving forward with new guidelines and policies will help us to achieve new exchange rate values.
© Goldilocks
Modern Diplomacy Link
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Wall Street says Basel 3 ‘endgame’ will upend climate finance, Banking & Finance THE BUSINESS TIMES Link
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Oil Prices Rise As Tankers Avoid Red Sea
https://www.youtube.com/live/KDKESPgljh0?feature=shared
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“SIX Digital Exchange (SDX) offers a comprehensive blockchain-based platform for the issuing, trading, settling, and custody of digital securities. Its unique “atomic settlement” feature synchronizes trade execution, securities transfer, and payment, eliminating counterparty risks for clients.”
Raiffeisen Schweiz, a leading Swiss banking group, joins the SDX. It is part of the Zurich and Basel Financial System located in Switzerland and part of the retail system.
This is the world’s first fully regulated financial digital market. It is the infrastructure for digital assets transforming traditional markets.
© Goldilocks
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🚨STELLAR XLM🚨⚠️ALL XLM HOLDERS MUST KNOW THIS🚨DON’T GET DISTRACTED
https://youtu.be/_BobFoJDyEI?feature=shared
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JUST IN: Grayscale CEO says Spot Bitcoin ETF approval would unlock about $30 trillion worth of advised wealth for Bitcoin.
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Banking Announcement:
LONDON/BEIJING (Reuters) -“The London Metal Exchange (LME) is planning to launch new metals contracts using prices from the Shanghai Futures Exchange (ShFE), three industry sources familiar with the matter said, further increasing China’s influence on global metals markets.”
We first had India, and now, we are witnessing the Shanghai Futures Exchange supply new contracts for the Metals Market.
The commodities sector continues to grow in new contractual offerings, this will be an opportunity for gold and other commodities to break free into real values based upon supply and demand.
© Goldilocks
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