Goldilocks’ Comments and Global Economic News Friday 3-8-2024
Good morning
Starting today, China no longer trades the Yuan with the Dollar. Hong Kong launches their wholesale CBDC project to support digital tokenization and tokenized deposits. And, Hong Kong is advancing a privacy digital currency with Project Aurum 2.0.
As one door closes, another door opens. Hong Kong has a market capitalization of over 30 trillion dollars. While the United States has over 46 trillion dollars in market capitalization, the move to make trades in local currencies on a level playing field utilizing a gold standard protocol inside a digital economy backed by gold will go a long way in bringing more monetary value to the Eastern half of our world.
Mainland China is Hong Kong’s largest trading partner. The newly launched “HKD-RMB Dual Counter Model” will see an initial 24 companies start offering Yuan counters. This will allow investors in Hong Kong to trade in the Yuan.
The line in the sand has been drawn, and today, we are about to witness countries begin to cross them.
© Goldilocks
Digital Pound Foundation
Adleman.USC Edu
Ledger Insights
HKEX
CNBC
Investopedia
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What Happens To Gold If China Backs The Yuan With It? (GLD). The simple answer is that it will rise.
Our new digital economy backed by commodities through tokenized assets is giving countries like China and opportunity to forge new pathways into countries like Hong Kong never seen before in history.
New Hopes and New Visions in the trading world is creating an entrepreneurial spirit. The realization that new paths can be formed through a new digital economy is inspiring new moves in Global Trade not seen before.
Digital Gold is the bridge into these new bilateral relationships countries are beginning to form on the Eastern half of our world. Markets BusinessInsider Finance Yahoo
All roads lead to gold, and gold will set us free.
© Goldilocks
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Update:
We have an update on Stellar Soroban Phase 2 test. It is complete.
Protocol 20 is about to move into high gear at this point.
* Upgrade on Pubnet March 12th
* Validator vote March 19th
* If all goes well, everything will move to public use
