Goldilocks’ Comments and Global Economic News Friday 4-12-2024
Good evening
Reserve Bank of India Announcement:
India’s recent rollout of their Unified Payments Interface (UPI) service this year has been revealing some gaps in their Forex Market.
To fix this issue, a new rule was placed on the Indian Rupee causing concerns through speculators on the price of its value. And,
The RBI is working on:
* Unauthorised FX platforms
* Inadequate price transparency
* Access to government securities
* Encouraging more global participation by Indian players.
The Reserve Bank of India is in process of reforms that will help bridge some of these gaps in the Retail Market. Several countries around the world utilize the service in foreign currency exchange, and the revamping of their service will help it move more smoothly with more accuracy. Inc42 Livemint
© Goldilocks
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Can Ripple’s XRP Be a Gold-Backed Stablecoin? Black Swan Capitalist Predicts | Binance
As you can see from this chart, Stablecoins in different countries have different names that define and reference their use because of them.
The BIS is calling on countries to come up with a similar reference point that will bring into alignment their ability to trade with one another. How these countries’ digital coins, that represent their currency, will help in the measurement of their worth in trade going forward.
These measures include:
* licensing
* reserve asset management
* redemption rights
* capital adequacy
* consumer protection, governance
* risk management
* cyber security
* anti-money laundering
Basically, the BIS is asking countries to come up with a “Mission Statement.” A mission statement will help these countries have a common goal and purpose for their existence. It will help to define their culture, goals, and values. BIS
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“CHINA MAINLAND OPENS UP REPO MARKET TO MORE OFFSHORE INVESTORS”
A Repo Market is the ability to secure a loan and repay it the next day with interest building capital for the investor who place bids on these assets in the Chinese Market.
China is beginning to open their Market to offshore accounts desiring to trade with them. Many traders are seizing this opportunity with China’s connection to the BRICS Nations and their continued desire to support their economy by gold.
These actions make their Market an appealing place to trade due to a growing return on investment that used to not be in play making their markets appealing to Global Investors. Regulation Asia Investopedia KWN
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The demand for fossil fuel is waning as the demand for silver is beginning to rise. Solar power and electric vehicles will be the driving force on the price of silver going forward.
Silver is used to prop up the banking system, and we now have silver shorts taking place that will begin to eat up its profits on this monetary metal.
The transition into renewable energy has begun. Many energy reforms have been in process these last few years with oil and solar power.
Look for a bull run in the commodity sector of our Market to begin moving our economy forward at any moment. Some would say that it has already begun, but you have not seen anything yet. Economic Times FX Street
© Goldilocks
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Silver price cannot be capped! | Youtube
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MESSAGE FROM SAM OLIVER ON SILVER
Recording Attached below-
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Gold on the Blockchain? Russia’s Surprise Move! | Youtube
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Dfinity Foundation Launches Onchain Accelerator Platform – Blockchain Bitcoin News
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Stablecoins Seeing Adoption Cross-Border Settlement Mechanism | Bitcoin World
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Prudential Regulation Authority Business Plan 2024/25 | Bank of England
