Goldilocks’ Comments and Global Economic News Saturday Evening 12-30-23
Good Evening
The articles below go into great detail about aspects of Maritime Shipping Industry routes that have been broken for some time.
Several are currently being built and rebuilt and will be stronger than ever as shipping routes from the East to the West are being reset. For example, Iraq has a new shipping port that will take away some of the pressures of some ports across the world.
We have talked about several routes these past few years that are being created to carry cargo ships filled with goods to areas of the world forging new pathways into the future and into the new digital economy.
These new passageways will create less of a bottleneck and more of an even flow in the movement of goods across the world as well as a Level Playing Field monetarily.
Look for new price pressures to form because of these changes along with exchange rates to meet the needs of our new Global Economy.
As more and more countries begin to trade with their own local currencies, new price patterns will come with new demands on them.
New contracts and payment agreements are already being signed across the world as we speak. In 2024, many of these new changes will go into effect.
Watch the water.
© Goldilocks
Chem Analyst Link
Economic Times India Link
Hellenic Shipping News Link
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Basel III endgame: 5 things to watch in 2024 American Banker Link
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Why January Could Be a Good Month for Gold OilPrice Link
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Banking Announcement:
Based on feedback to a Jan 2023 consultation paper, Bank Indonesia has decided to proceed with a series of experiments to develop a digital rupiah. RegulationAsia Link
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NEW YORK/LONDON, Dec 29 (Reuters) -“The dollar edges higher on Friday, but it is set to end 2023 with its first yearly loss since 2020 against the euro and a basket of currencies, on expectations the U.S. Federal Reserve will begin cutting rates next year as inflation moderates.”
It is more than just this statement claimed in this article. Many countries have already begun utilizing their own local currency instead of the dollar in trade.
This trend is expected to continue in 2024 as the realignment of currencies across the board is expected to share new demands on the purchase of goods in trade by the countries who are offering them.
These new demands will create interest and money flow inside these countries utilizing their own currencies and price pressures will be forthcoming.
© Goldilocks
XM Link
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Tokenizing Real World Assets (RWAs) will unlock a new “Golden Age” in blockchain and traditional finance, according to British-Venezuelan researcher and lecturer Carlota Perez. Tech Node Link
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IRS ‘Pay Up’ Letters Start Arriving in Millions of Mailboxes Next Week
Starting next week, the Internal Revenue Service will resume sending a “special reminder letter” to millions of Americans about their unpaid tax bills, ending a nearly two-year hiatus for the mailings during the pandemic. https://themessenger.com/business/irs-unpaid-taxes-collection-notices-resume-pandemic
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South Africa’s envoy says BRICS is set to double as Saudi Arabia, Iran, the United Arab Emirates, Ethiopia and Egypt will join on January 1
Here comes 2024
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“Iraq Stock Market Report · ISC approved the listing and trading of reconstruction bonds which was issued on 10/10/2023 by the Ministry of Finance, …”
Reconstruction Bonds will raise Capital funds for the country of Iraq and insure liquidity for the banking system, merchants, and the people as they continue to build and grow their economy.
Reconstruction bonds are considered the Secondary Market where currency trades take place. These new listings on the Iraqi Stock Market will go to help improve the infrastructure of Iraq and strengthen its economy locally and abroad.
Iraq is rapidly becoming a self-sustaining economy capable of reaching out to the International Markets once again. Their new digitized shipping ports will bring in revenue as well as expand the use of their currency going forward.
© Goldilocks
MENA FN Link
American Legal Code Library Link
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“China to lower dollar, euro weightings in CFETS yuan basket index in 2024”
This will open up more room for the growth of the Chinese Yuan. It is an indication that the Chinese Yuan is being traded more and being given a higher weight in its value.
It is one of many economic mechanisms that are showing the need for adjustments to new values. These actions are one of many signs that a reset in currency values is on its way.
© Goldilocks
Kitco Link
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International Bank Transfers (Clearly Explained)
“In most countries, there are no legal limits on currency exchange.”
“The UK, US, Canada, Australia, NZ, and the countries in the EU have no restrictions on the maximum size of an international bank-to-bank money transfer.”
So there you have it. There are no legal limits in most countries including the US for a bank-to-bank transfer of money.
This is a simple bank exchange, my friends.
© Goldilocks
https://www.keycurrency.co.uk/international-bank-transfer/
https://www.keycurrency.co.uk/large-currency-exchange/
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China and Russia test ‘hack-proof’ quantum communication link for Brics South China Morning Post Link
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US Military Launches Highly Classified Unmanned Space Plane
The U S Space Force launched a secretive plane on Thursday which has been equipped with heavier boosters that could feasibly send it further into orbit than ever before. ZeroHedge Link
