Goldilocks’ Comments and Global Economic News Thursday Evening 9-28-23
Good evening,
I will be posting a little bit later this afternoon due to a prior commitment. I received a lot of good information this morning that I look forward to sharing with you.
© Goldilocks
BREAKING NEWS
TRAFIGURA HAS SIGNED A $500 MILLION CREDIT FACILITY WITH THE SAUDI EXPORT-IMPORT BANK, INTENDED FOR THE PURCHASE OF NON-CRUDE OIL COMMODITIES LIKE GOLD AND COPPER FROM THE KINGDOM
This is one of the world’s top commodities trading houses.
Here comes Saudi Arabia.
Read: https://x.com/goldtelegraph_/status/1707177345822654791?s=46
👆 Copper?
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Kraken Crypto Exchange to Launch Stock Trading
https://watcher.guru/news/kraken-crypto-exchange-to-launch-stock-trading
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IMF Executive Board Concludes 2023 Article IV Consultation with Vietnam
https://www.imf.org/en/News/Articles/2023/09/27/pr23325-vietnam-imf-exec-board-concludes-2023-art-iv-consult
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“Enacted in November 2021, the Infrastructure Investment and Jobs Act expanded Section 6045 of the Internal Revenue Code to require tax reporting by brokers of transactions involving the sale or exchange of digital assets.
Nearly two years later, on August 25, 2023, the IRS and Treasury Department promulgated proposed regulations that clarify and adjust the rules regarding the tax reporting of information by brokers, so that brokers for digital assets are subject to the same information reporting rules as brokers for securities and other financial instruments.”
On October 30, 2023, the comments and rewrites to this legislative piece of the digital economy regarding taxes and reporting is expected to be done for the Infrastructure Investment and Jobs Act.
At that point, the Bipartisan Infrastructure Bill as it is commonly known moves toward final rules being drawn up, completed, and implemented.
© Goldilocks
https://www.dlapiper.com/en-ca/insights/publications/2023/09/irs-and-treasury-issue-proposed-regulations-outlining-new-digital-asset-reporting-regime
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Federal Reserve Releases Paper on Benefits of Tokenization of Real-World Assets – The Daily Hodl
https://dailyhodl.com/2023/09/25/federal-reserve-releases-paper-on-benefits-of-tokenization-of-real-world-assets/
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S&P 500 Equal Weight Index Dips into Red Year-to-Date. Shows Entire Market Depends on 8 Giants, but They’re Swooning Too | Wolf Street
https://wolfstreet.com/2023/09/27/the-sp-500-equal-weight-index-dips-into-red-year-to-date-shows-entire-market-depends-on-8-giants-but-theyre-swooning-too/
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Baghdad (IraqiNews.com) – “The Central Bank of Iraq (CBI) intends to limit all domestic trade transactions to the local currency starting next year.”
I found another article letting us know that the Iraqi Dinar will go International early next year in domestic trade transactions.
They will use their local currency to make these trades around the world and the price pressures that come with it to increase demand for their currency will create authentic exchange rates.
Watch the water.
© Goldilocks
https://www.iraqinews.com/iraq/cbi-limits-domestic-trade-to-local-currency/.
Library.UCLA.Edu Link
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IMF Executive Board Concludes 2023 Article IV Consultation with Vietnam
https://www.imf.org/en/News/Articles/2023/09/27/pr23325-vietnam-imf-exec-board-concludes-2023-art-iv-consult
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BRICS: Top Oil Producer Ditches US Dollar, Accepts Only Local Currency
https://watcher.guru/news/brics-oil-producer-ditch-us-dollar-accept-local-currency
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BRICS Countries Dump $123 Billion in U.S. Treasuries in 2023
https://watcher.guru/news/brics-countries-dump-123-billion-in-u-s-treasuries-in-2023
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As you can see from today’s postings, the
Infrastructure Investment and Jobs Act is still in progress.
This builds our country from the ground up and creates jobs. This will give us direction for a future and a road map for its achievement.
If you would like to follow these legislative bills, see the links below.
© Goldilocks
https://www.congress.gov/bill/118th-congress/senate-bill/695?q=%7B%22search%22%3A%22Infrastructure+Investment+and+Jobs+Act%22%7D&s=1&r=1
https://www.congress.gov/bill/118th-congress/house-bill/2694?q=%7B%22search%22%3A%22Infrastructure+Investment+and+Jobs+Act%22%7D&s=1&r=2
https://www.congress.gov/bill/118th-congress/senate-bill/843?q=%7B%22search%22%3A%22Infrastructure+Investment+and+Jobs+Act%22%7D&s=1&r=3
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Press Briefing by Julie Kozack, Director, Communications Department, IMF https://www.imf.org/
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Markets Looking to See if Budget Impasse Causes Govt. Shutdown – Ira’s Metals Video 9 28 2023
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