Goldilocks’ Global Economic News 5-20-2024
“Geopolitical Tensions Continue to Shape Global Trade”
The BRICS Nations is and will continue to grow. The next economy will be determined by the price of gold, and not, the dollar. Many countries are leaving the dollar and trading in their own local currencies. To join the BRICS Nations, you have to own gold to support your country’s currency. And then, you can be trading partners inside the BRICS Nations.
Saudi Arabia is expected to join this time around. They are expected to join in August of 2024. This shift from the Petro dollar to a Petro Yuan is expected to be a significant shift in monetary flow. It will create a more balanced set of demands on local currencies in a way we have not seen in a long time.
These new demands are forming because of geopolitical tensions, but we would have eventually had to move this direction anyway. A Fiat monetary system just simply is not meant to last forever. We have been in a transitional economy since we moved off of the gold standard in 1973 under President Richard Nixon.
For the last 4 years, new alliances have been formed on the sea and on the land that will determine new trading routes and trading partners. These new bilateral agreements between countries will form new trading relationships and new demands on our local currencies.
This will shift our economies forming new business models that will determine prices on goods and services through supply and demand. Each country will be backed by gold and other commodities to level the playing field and opportunities going forward.
This is never been a ‘push of the button’ reset moment. Rather, it has been a gradual evolution into a new way of life determined by an inner desire by each country to experience a level of freedom through conscious choices that bring forth what is best in all of us.
It is a movement of the body, mind, and soul to restore a separation that was never meant to occur. As we return to our natural habitat, our lives will be forever changed by an event that calls on what is highest in us to live in the world as it is.
The G20 will meet late this year to discuss and work on countries that still need attention in the Global South. The focus of this meeting is to level the playing field in the Emerging Markets. No one is left behind on this global transition. Every effort is being made to include every country in the world on this new digital asset-based trading system. CSIS BIS AP News
WATCH THE WATER.
© Goldilocks
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The Bank of London launches GenAI assistant to aid enterprise API integration | Verdict
The Bank of London has launched an AI code assistant, and it is moving into mainstream banking. GenAI collects and interprets financial data on a large scale.
It helps banking managers make decisions for clients determining a good path forward for their money. It establishes portfolios designed to meet each customer’s unique needs. And, it detects fraud and suspicious activities on people’s accounts along with many other services.
These products generated through an AI code goes into an Application Programming Interface (API).
APIs are used to create an open structure that allows interaction between a bank’s core services and third-party developers.
This allows banking services such as payments, identity verification, and data sharing to function.
© Goldilocks
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Implementation Status & Results Iraq – Iraq: Banking Sector Reform
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Mr. Ali Mohsen Al-Alaq recently met with the World Bank to discuss the next steps in the restructuring of Iraqi Banks into the new digital economy.
They have completed Phase 1 of their restructuring process, and now, they’re moving into Phase 2. Phase 2 is the implementation stage of the Riyada Bank project.
Currently, the Central Bank of Iraq is licensing a number of digital banks.
© Goldilocks
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Real-time Analytics News for the Week Ending May 18 | RTinsights
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Food for Others- Inspiring.MP4
This is how life is supposed to be just so everyone knows..
Lots of love, lots of selfless giving that goes all the way around until it becomes a free energy engine of love.
👆 Goldilocks pointed to this article
👆 a project idea…
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World Bank becomes first international issuer of digital Swiss franc bonds | Global Capital
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Ripple’s Global Payment Initiative in Collaboration with US Faster Payments Council | CoinPedia
According to the report, Ripple is positioning global payments as a top priority, aiming to revolutionize the industry. The survey, conducted in partnership with the FPC, delves into current and future adoption trends of blockchain payment systems, shedding light on the present scenario and what lies ahead.
Ripple’s CEO, Brad Garlinghouse, emphasizes, “[Blockchain will drive] faster payments between businesses, reducing settlement windows, and ensuring close-to-real-time payments for all bookings.”
Quoting from the report, Ripple emphasizes the real value that blockchain in payments unlocks. An impressive 77% of respondents believe that using blockchain for payments is either “Very Beneficial” or “Somewhat Beneficial” for their organizations’ end customers. Additionally, over 60% share the same sentiment regarding customers using cryptocurrency for payments.
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New Era of Inclusive Digital Payments Unveiled by NPCI | Smartphone Magazine
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Keep your eyes on Digital Ledger Technology. Once this is regulated, instant payments become possible. (T+0 instant settlements) This will effect prices on tokenized assets and stablecoins.
This year, the movement of money itself will create a higher demand in the faster payment sectors of our Market. These new demands create price pressures.
© Goldilocks
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IBC to Ethereum: Building the interconnected Internet of Blockchains | CryptoSlate
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From the Goldilocks Q&A room
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What Is Apple Doing in AI? Summaries, Cloud and On-Device LLMs, OpenAI Deal – Bloomberg
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$1800 Stimulus Checks 2024 for Everyone: USD 1,800 Payment Status & Know Eligibility | Paymentweek
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Analyze This! Foreign Currency Liberalization | IMF Videos
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Stellar Network Adds Smart Contract Capabilities Bolstered by Extensive Onramp Network – The Defiant
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Goodbye to charging cars forever: the diamond battery that lasts 28,000 years and has an incalculable | ECO News
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KRG shares first list of Know Your Customer (KYC) data with the Trade Bank of Iraq (TBI) | Search4Dinar
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