Goldilocks’ Comments and Global Economic News Tuesday 3-12-2024
Good Evening
“The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars. Implementing such a decision is likely to significantly increase Al Sudani’s popularity.”
This decision is currently shrouded in political conflict, this is seen as a move to gain popularity by many in the region of Iraq.
Although this is going to be a reality due to many of the changes in their monetary policies, there are those who still do not want any changes to Iraq’s currency.
The important thing to note in this article is that a rate is being considered. It is also needed due to more countries getting involved in their economy that will require them to raise their current Dinar rate to level the playing field in trade.
If you look closer at the numbers written into this article, you will notice that the first move on the Dinar would be to drop the three zeros. It makes things very clear what they mean by such a change in their rate.
Meanwhile, Iraq has agreed to implement their economic reforms this year. They are working with the IMF in this process. https://www.jpost.com/middle-east/article-791161
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Current market trends and statistical analysis are indicating we have a growing economy with the expectation of an interest rate cut this summer.
You may be asking yourself, how is this happening? The market’s focus has pivoted away from from a focus on interest rates to a forecast earnings growth potential. If this continues, liquidity squeeze can be cut to a minimum.
This does not mean fallouts will not occur in some sectors of the market. It just simply means that our markets are adapting to new priced in behaviors expected as the year progresses.
Inflation has an effect on buying bonds inside various countries along with more demand for a country’s products and interest rates. The last few years has been characterized as an adjusting of the above monetary mechanisms across all countries.
The IMF has been meeting with these countries and working on shifts in monetary policies that reflect a “Level Playing Field” in trade and opportunity for the Global Economy.
Article 4 is more than just changing a country’s exchange rate. It is a change in the mechanisms and monetary policies that will help each country achieve new price actions across all sectors of their market. The World Trade Organization is still working on some of these changes.
Many of these changes are expected to formulate new price pressures in the second half of this year due to these fundamental shifts and the economic factors holding them back are falling away.
De-dollarization is only one factor that will create the much needed changes for a Global Currency Reset. It takes the coordination and involvement of all countries to create lasting change.
I have been watching the IMF work with countries for the last few years in developing their economy into network connections that will move their economy into a much higher level. Bilateral Trade Agreements have been signed throughout these past few years that will increase more demand on a country’s products increasing the value of their currencies.
And now, Protocol 20 is advancing these new trade opportunities through the interfacing of networks on the digital financing system capable of making changes such as these a reality. Smart Karma CME Group Schwab
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Here’s how XRP can become stablecoin, per Grok The AI chatbot launched by Elon Musk’s recently founded xAI startup believes that XRP can be turned into a stablecoin with help from Automated Market Makers AMMs; they would work as a stabilization mechanism, using USDC or another similar stablecoin.
Read more on U.Today https://u.today/xrp-can-become-stablecoin-elon-musks-ai-grok-says
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High-value, high-risk: Bribery, corruption and fraud threats to the luxury goods sector | White & Case LLP – JDSupra
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Several of these are going to show up around the world at this point. | Grayscale
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“National Development Fund Partners with World Economic Forum” National Development Fund (NDF), Riyadh is located in Saudi Arabia.
Saudi Arabia is aligning themselves with International Financial Institutions. This will enable them to get up to date information on Financial opportunities that will aid them in decision making processes.
In their pursuit of trading in local currencies, this will give them the opportunity to participate and associate themselves inside the World Economic Forum capable of helping them achieve these efforts.
Raising the National Development Fund’s standing on the world stage will give Saudi Arabia the tools to join Digital Networks designed to level the playing field between the world and their desire to become equal partners on the Global Stage.
In turn, this will not only raise the value of their economies’ presence in the world, but it will raise the demand for all currencies involved in the Saudi Arabia economic opportunities. SPA gov EN AS Top 1000 Funds
© Goldilocks
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Our Global Economy is still building International coalitions. Many of these will come into fruition the second half of this year, and the Global Payment Systems will begin to put price pressures on all Nations around the world through new demands placed on their currencies.
© Goldilocks
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FDIC vice chair wants regulators to hurry up on addressing tokenization. Tokenization could be a “major leap” for the monetary system. Travis Hill doesn’t want the U.S. to be left out.
The monetary system “stands at the cusp of a major leap,” the Bank of International Settlements wrote last year, in reference to the growing development of tokenization: the representation of claims digitally, on programmable platforms known as the blockchain and distributed ledger technology.
Banking Dive
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Bloomberg analysts substantially lower likelihood of spot Ethereum ETF approval in May to 30% | The Block
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“Global banks participate in large-scale blockchain pilot test”
No one can deny the fact that we are moving into a global digital economy at this point. When you have “…155 participants from 45 major organizations have settled real-world assets across 22 blockchains,” you have a consensus model.
Major financial institutions such as Goldman Sachs, BNY Mellon and Cboe Global Markets completed a large-scale pilot test using blockchain technology. Yes, this included the Forex Market on the CBOE Exchange.
“Institutional investors executed over 350 simulated transactions via distributed ledger technology in areas such as tokenized assets, fund registry, digital cash, repo, securities lending and margin management on the Canton network.”
The pilot test included:
* 15 asset managers
* 13 banks
* four custodians
* three exchanges
* and the Stablecoin issuer Paxos Trust.
“With the Canton Network, a digital bond and a digital payment can be composed across two separate applications into a single atomic transaction, guaranteeing simultaneous exchange without operational risk,” according to a press release from Canton. It added, “Likewise, a digital asset could be used in a collateralized financial transaction via connection to a repo or leveraged loan application.”
The Canton Network includes:
* Deloitte
* Deutsche Börse
* Microsoft
* Moody’s
* and S&P Global.
Folks, we have an operational Digital Global Monetary System. It has been tested and awaiting final touches on the digital payment system (stablecoins), messaging system, and crypto regulations to move through the legislative process.
If you have been doubting that the new Financial System is “digital,” it’s time to wake up. CoinTelegraph
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FDIC official urges better digital asset policy to maintain US influence | CoinTelegraph
