Goldilocks’ Comments and Global Economic News Thursday Evening 2-1-24
Good Evening ,
This week, history was made. When Saudi Arabia joined the BRICS System, we began the process of moving from a Petro Dollar to a Digital Dollar economy.
© Goldilocks
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“Cross-border data flows” refer to the movement or transfer of information between servers across country borders”
EU and Japan sign for a Economic Partnership between their countries. This will allow data flows of information in the new digital economy to proceed between them.
Data governance and cross-border data flows are important to the development of digitalisation between these two largest digital economies in the world.
Once this agreement has been ratified by Japan, they can move forward with their economic partnership in the new digital economy. This agreement marks one of the first economic partnerships to move forward onto the new digital asset based trading system. Consilium Europa
© Goldilocks
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Iraqi Banking Announcement:
Currently, Iraq is appointing people into leadership positions to run their electronic payment companies. https://cbi.iq/news/view/2510
© Goldilocks
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“CFTC’s Energy and Environmental Markets Advisory Committee to Meet February 13, 2024”
The Energy and Environmental Markets Advisory Committee (EEMAC) is meeting with the Commodities Futures Trading Commission on the role rare Earth minerals are going to play in our new digital economy.
A part of this meeting deals with Basel 3 requirements in attaching these Rare Earth minerals and other commodities to new tokenized assets that will come into play during Protocol 20s roll out of Quantum Technologies on February the 20th, 2024.
This comes just in time before the March 11th, 2024 when the old Financial money lending of money gives way to tokenized assets backed by real world values (Gold) to begin paving the way to our new economy.
These rare Earth minerals will synchronize price selections and values based upon the pressures our new economy will take on during this transition of our stock markets into tokenized assets.
Commodities will serve as a hedge for the stocks going one direction as the commodity markets go the other creating a bridge into a new economy. The more these stocks put pressures on the Commodities that back them as a tokenized asset will serve to give us new adjusted prices based upon a real value going forward.
When you combine these two assets together such as the stock markets and the commodity markets, they become the igniting catalyst into a fire that will spur both into growth potentials neither one of them could do alone.
Is a smooth transition into the new economy becoming possible? It’s looking that way. Time will tell.
Don’t get me wrong. Volatility is expected, but the interfacing of the commodity market with the stock market will certainly provide us a path forward through utilizing the unique directions both of these will be going because of where we are in our Global Market Cycles. CFTC
© Goldilocks
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“BRICS overtakes G7 in terms of share in global GDP in PPP terms. As new members join the economic bloc, it is expected to lead more than 40% of global crude oil production.”
Going forward, this will have a profound effect on the use of the Petro dollar in foreign trade. It will open up opportunities for currencies in the East to be utilized instead of the dollar creating demand for their use and growth potential.
As the year goes on, we will be experiencing many changes in the global markets that will affect our tokenized assets backed by commodities under the new requirements of Basel 3.
In turn, this will engage new growth potentials across all sectors of our Global Markets. Forex is one of those sectors of our Global markets.
Resetting and reconnecting our Global Markets to our new digital banking system will begin to show new Market chart patterns that are aligning themselves with new digital assets inside our new Basel 3 economy. English Al Mayadeen
© Goldilocks
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Standard Chartered Bank expects the SEC to approve spot Ethereum ETFs on May 23.
The bank predicts a potential $4,000 target for ETH if it mimics BTC’s pre-approval performance.
The Block
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Token.io Becomes Participant in SEPA Payment Account Access (SPAA) Schem
January 28, 2024 @ 9:19 pm By Omar Faridi
Account-to-account (A2A) payment infrastructure provider, Token.io, has announced it has become an official participant in the SEPA Payment Account Access (SPAA) scheme: a commercial API initiative that will enable greater innovation and unlock wider adoption of A2A payments in Europe.
Through leveraging open banking and instant payments, the SPAA scheme will directly support the establishment of “a competitive pan-European payment solution, which is a key pillar of the retail payment strategies of both the European Commission (EC) and European Central Bank (ECB).
Crowd Fund Insider
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As we kick off 2024, the focus on the unavailability of certain benchmarks continues on. To refresh, we have already seen the benchmark for US Dollars generally replaced with the Secured Overnight Financing rate as administered by the Federal Reserve Bank of New York, Sterling replaced with the Sterling Overnight Index Average as administered by the Bank of England and Swiss Francs replaced with the Swiss Average Rate Overnight as administered by the SIX Swiss Exchange AG. Looking ahead, we expect to see the cessation of additional benchmarks including, but not limited to, the Canadian Dollar Offered Rate (“CDOR”) and Singapore Interbank Offered Rates (“SIBOR”). JD Supra
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Message from Isaac Today
Hello, hope all good the cc is today and I will post as soon as I have the info , but definitely today.. Isaac on Telegram
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IIAs are international treaties between two or more countries. They protect investors from one country (the investor’s home country) from unlawful interference with their investments in the other country (the host country).
The main purpose of these treaties is to mitigate political and legal risks associated with investing abroad by giving the investor the possibility to sue countries before impartial international arbitration tribunals.
IIAs could take the form of a bilateral investment treaty (BIT) between two countries, or they could be part of wider free trade agreement, such as Chapter 14 of the United States-Mexico-Canada Agreement (USMCA) or Chapter 11 of the North American Free Trade Agreement (NAFTA).
Investment treaty protections and the dispute settlement mechanisms they contain are only available to qualifying investors and investments. JD Supra
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Russia makes ditching the US dollar a top priority in 2024 – What a star-studded meeting!! | Cryptopolitan
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Chainlink (LINK) Set to Connect Billions of People and Companies in Tokenization Market | CryptoNewsFlash
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Digital Assets Association launches to connect tradfi and tokenised real world assets | The Edge Singapore
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RIPPLE XRP🚨IT’S FINALLY GETTING APPROVED!🚨BRICS NEW FINANCIAL SYSTEM INCOMING | https://youtu.be/43aXwPFFZ1U?feature=shared
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Institutions Are About To Create MASSIVE DEMAND For XRP! AMM & Clawback Changes EVERYTHING For XRPL! | https://youtu.be/dwqtai2zO_s?feature=shared
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I will write about the changes coming to XRP tomorrow. You do not want to miss it.
© Goldilocks
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