Goldilocks’ Comments and Global Economic News Saturday Evening 12-9-23

10/12/2023

Goldilocks’ Comments and Global Economic News Saturday Evening 12-9-23

Good Evening ,

“HSBC has piloted the use of Quantum Key Encryption to protect its client’s Forex trading data from cyber-threats.”

For this trial, HSBC utilized artificial intelligent market’s trading terminal mechanism called Quantum Key Distribution. This QKD mechanism encrypts and decrypts messages sent back and forth from receiver to sender utilizing cryptographic protocols to create a shared secret code.

HSBC has been one of the cutting edge Banks leading the way in Quantum Technology, and now, we are witnessing them go through a period of testing foreign currency exchanges to make them safe for public and private use.

© Goldilocks
TechMarketReview Link

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CFTC approves guidance for listing carbon credit derivatives contracts

“Today’s action by the CFTC is the culmination of a two-year examination of carbon markets, and many more years of in-depth work regarding the impacts of climate on financial markets. The Voluntary Carbon Market Proposed Guidance is a clear statement that the CFTC will do its part to elevate the standard-setting efforts already underway,”

Financial Regulation News Link

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“It appears that Brics Pay has now been launched as a new financial settlement platform. It is hoped and seen as a vehicle that will change the volume of trade and the volume of financial transactions between the BRICS members by making payments easier.”

Here we go. The Bricks Payment System is about to change the reliance on the dollar for countries who have joined the BRICS system or trade with them.

Early next year, they will be trading in local currencies. This will begin to shift trading volumes of the US dollar and share a piece of the Global Market with countries involved in this new payment system.

These new trading demands will begin creating price pressures on exchange rates.

© Goldilocks
Modern Diplomacy Link

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BRICS: $2 Billion Copper Trade To Be Paid In Chinese Yuan, Not US Dollar Watcher Guru Link

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During Berkshire Hathaway’s annual meeting, he noted that the “incredible period” of growth for the U.S. economy is coming to an end, reported Max Reyes and Bloomberg for Fortune (https://fortune.com/2023/05/06/warren-buffett-economic-outlook-berkshire-hathaway-lower-earnings-recession-economy/) — and that most of the company’s businesses would likely score much lower earnings this year compared to the previous year. GoBankingRates Link

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Bitcoin Ben – The Future Is The Blockchain, Bitcoin Going To $100,000, [CB] Cannot Stop It

Rumble Link

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