Goldilocks’ Comments and Global Economic News Thursday Evening 2-8-24
Good Evening ,
Joint Statement on the U.S.-UK Financial Regulatory Working Group
Folks, several financial governing bodies have been working together to create new leverage mechanisms that will level the playing field between countries around the world.
There is a growing understanding that these new Digital Payment Systems will create new Global Currency Values going forward.
The following article represents an accumulation of several working bodies in the financial payment sector collaborating new efforts for equalizing trade mechanisms on a Global scale going forward.
This is all part of leveling the playing field we have talked about many times among countries to allow everyone to move forward together inside a new Digital Asset Based Trading System. Treasury UK Gov
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“The WTO’s Global Review of Aid for Trade, scheduled for 26-28 June, aims to integrate trade into development strategies under the theme ‘Mainstreaming Trade’. This event addresses supply-side constraints that hinder the participation of developing economies and LDCs in global trade.”
LDC stands for least developed countries. In 2021, the least developed countries have been exporting primarily oil, gold, copper, and clothes. The shift to encouraging agricultural exports has been underway ever since that time, and this is beginning to help encourage more trading revenue in the commodity sector that will allow them to compete with some of the larger countries.
This article is telling us that Economic Development between countries are in process of being reformed through the World Trade Organization. Economic development effects currency appreciation as changes to trade ratios create improvement in the standard of living through the World Trade Organization.
We talked about this not too long ago. Countries are working with the WTO in making some of these changes since the early part of this year in late part of last year. These changes improve the quality of living in a country’s revenue inspiring new demands on their currency and their values.
There is a meeting this month to go over contracts and establish new trade ratios based upon new demands in countries around the world for goods and services.
Later this year we are reading about a conference that will be held to focus on supply side issues in these Global Trade mechanisms. These shifts will create a More Level Playing Field between countries and new price pressures on their local currencies fulfilling these orders. BNN Breaking ACS AEC
Watch the water.
© Goldilocks
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World’s Best Supply Chain Finance Providers 2024
Technological advancements in digitalization and automation have made supply chain finance (SCF) more accessible and efficient, which has led to a proliferation of platforms and solutions that streamline the processing of invoices and payments, making it easier for companies of all sizes to implement SCF programs.
The increased complexity of supply chains makes managing working capital efficiently much more challenging. SCF can bridge the gap between payment terms and the actual flow of goods—helping buyers and suppliers improve their cash flow by accelerating receivables for suppliers and extending payables for buyers. https://gfmag.com/banking/worlds-best-supply-chain-finance-providers-2024/
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Cybersecurity remains number one risk for global banks | Fin Extra
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Hong Kong General Chamber Of Commerce Urges Government To Consider Yuan-Linked Stablecoin
The Hong Kong submitted proposals for the city’s upcoming budget, asking policymakers to allow the issuance of a stablecoin in China’s yuan.
It said in a Feb. 6 statement that the stablecoin could be be backed by the yuan or a basket of various fiat currencies, including the yuan, Hong Kong dollar and USD stablecoins. Inside Bitcoins
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Swiss Fintech Trade Group Details Vision of “Tokenized Finance” – Fintech Schweiz Digital Finance News – FintechNewsCH
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5G Promises Connected Consumers More Personalized Banking | Pymnts
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“Established in 1964 as a permanent intergovernmental body United Nations Conference on Trade and Development (UNCTAD) is the main authority of the General Assembly in the sphere of trade and development. Its purpose is promotion of trade and development, particularly in developing countries.”
The UNCTAD is currently calling for immediate reforms to the global debt framework such as the WTO we have been talking about today to avoid a widespread debt crisis within developing countries.
Many of the decisions you are seeing today on payment systems have had their roots in many years of discussions to get to this point. We are witnessing an implementation stage in the new digital economy taking place as we speak.
When Protocol 20 begins to connect Quantum Technologies from around the world, you are going to see many of the workings of these collective payment bodies from around the world began to implement and formulate new value structures on our new Global economy.
We are witnessing pressures to move forward with a new Financial System from all sides of the world at this time. Volatility in the market is expected, and it will shake out old price patterns and formulate new ones in the transformation of these traditional assets becoming tokenized inside a new commodity-based system. UNCTAD Economy Gov
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How does the Soroban Smart Contract Platform work?
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Stellar | Soroban | Smart Contracts Platform on Stellar | Stellar
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“Hong Kong is among first to propose crypto reserve requirements for banks aligned with new international standards.”
This will go a long way to help approve those stablecoins that are in Hong Kong’s current pilot program.
Creating synergistic payment programs between the banking system and crypto through pegging their stablecoins with commodity assets will give a real value to their digital economy and those that trade with them in the sandbox being tested and soon to be regulated. SCMP
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