Goldilocks’ Comments and Global Economic News Thursday 4-25-2024
Good Evening
China’s Payment Regulations Announcement:
On December 9, 2023, Chinese Premier Li Qiang signed Decree No. 768 of the State Council.
The People’s Bank of China is giving us a look at their implementation rules for their new payment regulations.
It covers risk management, e-commerce, faster mobile and computer payments, connections between central depository institutions, banking systems, monetary policies, guidelines, management of payment rules between Financial institutions, and various types of accounts.
After implementation, these new regulations will be sent to Clearing House Institutions for Network inclusion and compliance directives to enforce this new payment system. This decree is China’s regulations on the Supervision and Administration of Non-Bank Payment Institutions.
A non-bank entity provides similar services to a bank, but they do not hold a banking license. This merges the new Digital Economy with the Traditional Markets and Banking System inside our new digital economy. Peoples Bank of China
It will go into effect on May 1, 2024.
© Goldilocks
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Japan is the fourth-largest export market and trading partner of the United States with a 68 billion trading deficit.
Why this partnership is so important comes of its connection to US Dollars held within their accounts to support the Yen.
Japan is giving an imminent warning that they are going to have to prop up their currency by intervening into the markets.
This means they will be selling their dollars that they have bought over the years to support the Yen from continuing to fall in its price.
As the yen begins the process of leveling the playing field between the price of the dollar against the yen, it will begin to affect the global markets as well.
This move will cause trading deficits and appreciation with other countries around the world as the Yen begins to rise in its price.
Eventually, the move toward more reliance on their Basel 3 compliant policies over the dollar will stabilize the Yen as these temporary measures go into effect.
As we have spoke of recently in this room, we are moving into credit valuation adjustments. This is going to be a big one because of so many trading contracts take place between the US and Japan.
Volatility in the currency markets are about to begin, and they will end with the stabilization of all currencies based upon real values connected to them through gold.
If you think the recent actions to regulate and place laws on Stablecoins is a coincidence, you might want to look again. Reuters 1 Reuters 2 Trade
© Goldilocks
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This Louisiana Man Collected Over Half a Million Pennies in 45 Years | ABC News
I wish he would have sold it to an exchange center instead of a bank. Can you imagine how much he really lost on this exchange.
Copper is now a critical mineral and a global shortage metal. Know what you hold my friends. Know it’s worth.
A wise investor explores exchange options.
👆4.49 per lb×2800 lb of copper= $12,572
The above is copper’s current actual worth. The bank gave this man…$5,136. He lost over $7,000 on this deal.
Do your own research my friends.
© Goldilocks
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👆 Can you imagine how much this man would have had if he waited until next year to sell his copper? So sad.
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Nonbank Financial Institutions: What They Are and How They Work | Investopedia
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Stablecoin News: Top Democrat Predicts Imminent Deal On Stablecoin Regulation | Coingape
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Stablecoin Bill Could Be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg
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Venezuela demands oil purchases to be paid in #USDT to Bypass U.S Sanctions 🤨 | Twitter
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What are the Bretton Woods 3 institutions? | UN
* International Monetary Fund (IMF)
* International Finance Corporation (IFC)
* Multilateral Investment Guarantee Agency (MIGA)
* The World Bank.
* The World Trade Organization (WTO)
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Ripple to Use Stablecoin for US ODL Customers, Not XRP | The Crypto Basic
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A new web3 network is being built right now that wants to end Big Tech’s control of your data | Tech Crunch
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Navigating The Generative AI Divide: Open-Source Vs. Closed-Source Solutions | Forbes
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Mannarino Market Risk Indicator
The Dow Index has lost over 3.82% the past 4 weeks. We talked about the Markets moving down for the next three to five weeks almost a month ago. How am I doing so far?
© Goldilocks
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China’s March net gold imports via Hong Kong up 40% from Feb | Zawya
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Book of Zephaniah Summary: A Complete Animated Overview | Youtube
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👆 Sound familiar? It should, what we are going through is a Biblical prophecy.
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Meaning: Hidden by God.
Zephaniah is a masculine name of Hebrew origin that means “hidden by God.” This is a biblical name shared with minor prophets in the Hebrew Bible and its meaning is symbolic of God’s protection.
