Goldilocks’ Comments and Global Economic News Sunday Evening 10-15-23
Good evening,
Iraq Banking Announcement:
Iraq’s Prime Minister Mohammed Shia Al Sudani has informally expressed his interest in joining the BRICS alliance. The development comes a week after Iraq announced a ban on all cash withdrawals in the US dollar. The rule will come into effect on Jan. 1, 2024, as Iraq’s Central Bank aims to halt the misuse of foreign remittances. Moreover, Iraq is also aggressively pushing the de-dollarization initiatives at par with the BRICS alliance.
https://watcher.guru/news/iraq-join-brics-ban-cash-withdrawals-us-dollar#google_vignette
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“Consumer sentiment fell sharply this month amid growing inflation concerns. The October preliminary report for the Michigan Consumer Sentiment Index came in at 63.0, down 5.1 (-7.5%) from the September final. This morning’s reading was below the forecast of 67.2.”
This is the market indicator the Feds have feared the most. 70% of the market is run on consumers like you and me investing in it. It gave the markets a jolt on Friday and even gold went up $62.
The readings prior to this one two months back have read as if nothing has changed until October came around. This is the canary in the mining shaft warning us that danger is ahead.
Current Global conditions do not look profitable as well. As the prospect of War continues to expand, we have great challenges ahead of us that should release the caps on gold along with distorted prices across all sectors of the market including Forex.
Japan has already stated that they are planning on doing a currency intervention in the near term. This is not uncommon during a time of War to see fluctuating exchange rates.
In the end, everything changes along with new price-correlated actions that meet the needs of a new Financial environment.
© Goldilocks
https://www.advisorperspectives.com/dshort/updates/2023/10/13/michigan-consumer-sentiment-falls-sharply-inflation-concerns
https://tradingeconomics.com/united-states/consumer-confidence
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IMF Announcement:
“The International Monetary Fund (IMF) has called for financial reforms, particularly in the crypto industry, to foster global economic stability.”
We have seen several guiding monetary institutions on a global scale begin to call for the activation of the new economy.
Here, we have the IMF calling for Financial Reforms, particularly in the crypto industry.
As we know in this room, the upgrade into Protocol 20 is complete, but we are still in the testing period until the end of this month. At that time, a vote will be taken to move forward.
© Goldilocks
https://crypto.news/imf-economic-stability-risk-amid-israel-hamas-conflict/
https://dashboard.stellar.org/
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India’s quest for a global rupee: Can it break free from the dollar dominance?
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The IMF welcomes Nigeria’s 43 restrictions removal from their FX Market.
“Nigeria is the most important country politically and economically in West Africa. It is richer than all other West African nations and holds considerable power. Nigeria’s most important export is oil, more than half of which is shipped to the United States.”
Their Foreign Exchange Market is the most important one in the western portion of Africa.
The Central Bank of Nigeria has made a decision to free up some of their restrictions that will allow the movement of imports and exports to flow freely on a global scale.
This movement of money will create more demand and more value for their currency and the ability to manage their own country’s finances.
© Goldilocks
https://www.thisdaylive.com/index.php/2023/10/14/imf-welcomes-cbns-removal-of-fx-restrictions-on-43-items
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The United Nations Assistance Mission for Iraq presented its findings to the Security Council on Tuesday, highlighting the progress and challenges Iraq has faced since its new government was formed a year ago. Jeanine Hennis-Plasschaert, the UN special envoy for Iraq, spoke on the government’s key actions under Prime Minister Mohammed Shia’ al-Sudani, such as the adoption of a federal budget, financial reforms, and a new social security law.
“While there has been notable progress, the complex web of corruption that has plagued Iraq for years cannot be undone overnight,” Hennis-Plasschaert said. She pointed out that Iraq’s economy heavily relies on oil and that the public sector is “unsustainable” in its current size.
Hennis-Plasschaert further noted the repeated postponement of parliamentary elections in northern Iraq’s Kurdistan region, calling on all parties to ensure that the rescheduled February elections take place. “There’s much at stake; the democratic process must prevail,” she stressed.
https://themedialine.org/mideast-daily-news/un-mission-reports-on-iraqs-progress-challenges-after-one-year-of-new-government/
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In the fast-evolving landscape of blockchain technology, Stellar has emerged as a leading platform, setting new standards for security, scalability, and innovation. With its upcoming smart contracts platform, Soroban, Stellar is poised to revolutionize the decentralized application (dApp) development space. In this article, we explore the comprehensive security checks conducted by Stellar for Soroban and highlight its potential to transform the blockchain ecosystem.
https://cryptonewsbytes.com/stellar-commences-comprehensive-security-checks-for-the-highly-anticipated-smart-contracts-platform-soroban/cryptocurrency/
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Stellar Lumens (XLM) is making waves as an innovative force in the digital currency arena. While Bitcoin has captivated the market’s attention, XLM offers a fresh perspective by prioritizing accessibility to financial services for underserved populations. Its underlying blockchain technology enables efficient and cost-effective cross-border transactions, potentially transforming the way money moves around the world. As XLM continues to gain traction, it has the potential to reshape the future of finance and bridge gaps that traditional systems have struggled to address.
https://www.wales247.co.uk/stellar-lumens-illuminated-lighting-the-way-for-financial-inclusion-beyond-bitcoin
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Nearly half of all US listed companies are now unprofitable
https://twitter.com/MultiPolarMarkt/status/1713528513335005355?t=_wuL4fotHMZbQr2QACmQkQ&s=09
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Chinese Bitcoin Mine in Wyoming Raises National Security Concerns
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NEW – “Run by Chinese nationals, U.S. government officials have been “tracking for months” Chinese Bitcoin mining bases across the U.S. over “national security concerns.
One base in Wyoming is located less than a mile from F.E. Warren Air Force Base, which oversees nuclear ICBMs and is only feet from a large Microsoft data center.
Bitcoin mining was banned in China in May 2021 over energy usage concerns and “economic destabilization.”
https://www.disclose.tv/id/wxaq86rtwi/
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MARKETS A LOOK AHEAD: “ENDGAME.” The Final Stage Has Begun. Mannarino
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😔 Price distortions… We talked about this a week or two ago. It will eventually force a reset.
© Goldilocks
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US home rentals are getting cheaper than mortgage payments
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U S dollar collapse primes crypto for trillions to flood the system-triggering an Epic Bitcoin, Ethereum, XRP, and crypto price prediction.
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Something to pay close attention to is the developments in the Strait of Hormuz.
This is a chokepoint for nearly 20% of the world’s oil.
https://x.com/goldtelegraph_/status/1712885583935426637?s=46
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👆Water!
© Goldilocks
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FBI director warns of copy-cat terror attacks on US soil
https://nypost.com/2023/10/15/fbi-director-warns-of-copy-cat-terror-attacks-on-us-soil/
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👆 We talked about this the other day.
© Goldilocks
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