Goldilocks’ Comments and Global Economic News for September 16th
Good afternoon,
Banks are in support of Basel 3 Capital Requirements with some exceptions and asking for adjustments inside Credit Unions and smaller Banks.
They have already found that the need for adjusted requirements depending on the population size and the amount of money in that community is needed to be proportional to the size of that community’s ability to hold a certain economic status.
Instead of flat across-the-board Capital Requirements for banks of all sizes, changes are being called for to meet the needs of smaller Community Banks.
This will reduce the amount of consolidation going forward and keep some solid banking practices in communities that have been known for a long time.
As you can see, we talked about adjustments being made during this period of time. Here is one of them.
© Goldilocks
https://news.cuna.org/articles/123035-cuna-woccu-urge-basel-iii-proportionality-implementation
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U.S. Has More Gold in Reserves Than All of BRICS Combined
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Barring any negative surprises, Maersk shipping industry is beginning to see an upside trend in trading volumes. Remember, the shipping industry is 80% of what takes place in the trading sector.
Maersk CEO says it is not what it used to be a few years ago, but they are seeing signs of less volatility and more production opportunities.
Maersk is one of the largest shipping industries in the world and a good barometer in gauging trade on the water.
This is a good sign as we approach market and banking reforms complying with Basel 3 requirements. It is a synchronistic set of patterns we are looking for to determine realistic revenue to support new values on each sector of the market including foreign currency values.
Things are beginning to look as though we are being set up for a Global Currency Reset.
The proposal period and testing period for Basel III requirements are on November the 30th. December is a month for the banking system to clear their books, and it is a wonderful time for them to move forward with the implementation of Basel III requirements.
Basel 4 began on January 1st 2023, it was the expectation the Basel 3 would be completed by the end of the year.
The tokenization of assets backed by real values inside a commodity Market is also expected to be done in the near term with more networks being built on an open banking system as we move forward.
Look for gold, silver, and other Commodities such as oil to go to real values or head that way anytime this year or early next year.
Do you see how the Markets, Banks, Regulatory agencies, Shipping industry, and Currency Reforms are laying a foundation for change?
© Goldilocks
https://indiashippingnews.com/maersk-the-shipping-giant-is-showing-tentative-signs-of-a-bounce-back-in-global-trade/
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The new digital asset-based trading system is not simply a button you can push to change everything.
It is layered with support mechanisms capable of keeping the system going through monetizing efforts in every sector of the market.
© Goldilocks
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Indonesia Ready to Work on Critical Minerals Agreement With U.S.
Rich in critical minerals like nickel, Indonesia is ready to start working with the United States on an agreement to supply the nation with these minerals in order to meet the increasing demand for electric vehicles.
It’s just another prime example of one of the many proposed agreements nations are making with each other in order to meet their emissions-related goals. These critical minerals represent important components in developing clean energy technology.
https://etftrends.com/gold-silver-investing-channel/indonesia-ready-work-critical-minerals-agreement-us/
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London gold body aims to create secure global database | Reuters
https://www.reuters.com/markets/commodities/london-gold-body-aims-create-secure-global-database-2023-09-14/
LONDON, Sept 14 (Reuters) – Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients’ cryptocurrencies and tokenised assets, Taurus said in a statement on Thursday.
The partnership means Deutsche Bank will, for the first time, be able to hold a limited number of cryptocurrencies for its clients, as well as tokenised versions of traditional financial assets, a Deutsche Bank spokesperson said.
Crypto trading is not in the bank’s “immediate plans”, the spokesperson said. Deutsche Bank said it aimed to offer crypto trading in a World Economic Forum paperback in 2020.
https://archive.ph/2023.09.14-122111/https://www.reuters.com/business/finance/deutsche-bank-hold-crypto-institutional-clients-2023-09-14/
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BOOM! A New List of Banks That are Connected to The QFS System or are Being Connected – QFS + RTGS Trust The Plan! – American Media Group BOOM! A New List of Banks That are Connected to the QFS System or are Being Connected – QFS + RTGS Trust the Plan!
https://amg-news.com/boom-a-new-list-of-banks-that-are-connected-to-the-qfs-system-or-are-being-connected-qfs-rtgs-trust-the-plan/
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Zambia, China to dedollarize trade
Zambia and China have agreed to encourage wider use of their own currencies in trade and investment following a meeting in Beijing between Presidents Xi Jinping and Hakainde Hichilema.
The measure would reduce foreign exchange costs and exchange rate risks, according to a joint statement made by the two leaders on Friday.
Additionally, this move could reduce dependence on the US dollar, which is currently used to calculate the price of copper.
Copper constitutes roughly 70% of Zambia’s export earnings, while China represents approximately half of global demand.
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When our interests shift to more sharing, understanding, and involvement in the completion of a fair and abundant monetary system over our own self-absorbed piece of it, the abundance we are seeking the most can already be found within our hearts.
© Goldilocks
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