Goldilocks’ Global Economic News 6-4-2024
“The State Bank of Vietnam (SBV) started selling gold directly to four state-owned commercial banks today (June 3), aiming to lower the metal’s domestic price. The institutions will then sell the gold bars to the public.”
This new monetary policy shift will continue as Vietnam attempts to narrow the difference between the domestic and global gold bar prices per SBV officials. It is an attempt to revalue gold through resetting its price.
This diversifies their people’s portfolio, and it gives the banking system a broader strength to their accounts. In return, it gives the SBV an opportunity expand their net worth and give out loans.
Vietnam has been accumulating gold in order to join the BRICS Nations. One of the requirements is that they do accumulate gold to support their banking system.
Can you see where this is going now? Everything across the board from the markets, the banking systems, the shipping ports, and to the people are turning to gold to deflate an inflated economy.
Through Tokenized Assets, our Global Economies will have a real value on every product that can be bought and sold including Forex opportunities.
I look to see these opportunities begin to shift in July for Vietnam as they become a Market Economy. Can it happen before that time? English News Central Banking English News 2 Wikipedia
We are about to find out.
© Goldilocks
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We finally have some prices placed on the US Debt Clock. It has been empty for some time. In fact, many countries in the East have been wondering when those numbers would show up. Well, they are here now.
This doesn’t mean that these are prices that are set in stone. It just means they are prices to work from going forward as our world resets the price of gold and reclassifies gold as money. https://www.usdebtclock.org/
Gold will set us free!
© Goldilocks
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It is the revaluation of Gold that will set the tone for the new economy. It will determine, to some degree, the price of all goods and services across all asset classes.
© Goldilocks
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MiCA Regulations Force Binance to Overhaul Stablecoin Services | Finance Magnates
“Starting June 30, 2024, the European Economic Area (EEA) will enforce new regulations under the Markets in Crypto-Assets (MiCA) framework, specifically targeting stablecoins. Binance, one of the world’s largest cryptocurrency exchanges, plans to roll out changes to ensure compliance, impacting everything from trading to rewards.
Only regulated companies can issue and offer stablecoins, termed regulated stablecoins. Many existing stablecoins do not meet these criteria and will be designated as unauthorized stablecoins, facing various restrictions on Binance’s platform, the cryptocurrency exchange said in a statement on its website.”
Remember, stablecoins represent a country’s currency. The new regulations will be going into effect on June 30th, 2024.
This will begin to determine new prices in the new digital economy regarding trade relations around the world.
An increase in demand for local currencies around the world that have moved from a dollar regimen to a local currency regiment will begin.
This is when credit valuation adjustments begin. It does not mean new rates will happen overnight. In fact, to determine new price correlations on the market requires algorithmic patterns to set in that become normalized.
Watch the water.
© Goldilocks
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EXCELLENT NEWS Iraq’s Leap in Electronic Banking | Youtube
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Next generation correspondent banking | BIS
Existing correspondent banking processes have struggled to adapt to new regulatory and supervisory requirements, posing questions on the future of the correspondent banking model.
The tokenization of correspondent banking, as embodied in Project Agorá (BIS (2024b)), could unlock streamlined pre-screening and atomic settlement, and pave the way for superior customer verification and anti-money laundering (AML) procedures.
Tokenization could substantially reduce duplication and miscoordination, thereby revitalising cross-border payments by fostering a robust network of correspondents and corridors.
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Russia and China ‘close’ to replacing SWIFT — business regulator. | Azerbaycan24
👆 Goldilocks pointed to this article
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Sexy Bank Deals, Ripple Story, How to Distribute the XRP Escrow, When Smart Contracts on XRP Ledger | Youtube
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Swift Unveils AI Pilots to Combat Cross-Border Payment Fraud – Fintech Singapore
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Event: Hearing Entitled: Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets | Financial Services.House
When: Wednesday, June 5, 2024 9:00 AM in 2128 Rayburn House Office Building
What: Subcommittee on Digital Assets, Financial Technology and Inclusion
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UAE Central Bank Approves Issuance of Stablecoin Regulation | Cryptopolitan
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BREAKING NEWS
TURKEY SAYS BRICS COULD OFFER A GOOD ALTERNATIVE TO THE EUROPEAN UNION TO BOOST ITS ECONOMIC PROSPECTS
Awkward… Read: Twitter
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If Russia Accepts Gold for Oil, Gold Price Doubles to $3,600, Says Credit Suisse’s Zoltan Pozsar | BMG Group
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Power of copper = Free Healing
⚡️Copper + Gardening – Cultivate Elevate
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Summary / Status Iraqi Dinar ReValue IQD VND Exchange Rates | Youtube
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THE U.S. GOVERNMENT WILL REPLACE SWIFT WITH RIPPLE XRP | Youtube
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BOOOOOOOOOOOOOOOOOOM!!!
Brad Garlinghouse indirectly says that the case will end this summer with the payment of a fine in the millions, not billions.
#XRP would be the first FULLY regulated digital asset in the United States of America! | Twitter
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