Goldilocks’ Comments and Global Economic News Wednesday 3-27-24

0
16

Goldilocks’ Comments and Global Economic News Wednesday 3-27-24 

Good Afternoon ,

“Since trade values mostly increase when switching from MFN schemes to FTA schemes due to the latter’s lower tariff rates, a depreciation of the domestic currency may increase more than when only considering the above typical effect through relative price changes.”

Vietnam is currently working on a couple of finishing touches to the payment side of their new stock market upgrade. They are currently working on trading ratios that allows a Free Trade Agreement based on supply and demand moving forward.

Vietnam does have some banks that are Basel 3 compliant, and more integration inside this upgrade is still taking place. For them to trade on a supply and demand platform, they need to prove that they have enough commodities and services to support this change into a Free Trade Agreement with other countries.

This will greatly enhance their currency’s purchasing power, and the demand for it will increase its value. The implementation of this new status of Free Trade Agreements is expected to be implemented on January 1st, 2025. Vietnam News     CEPR

Watch the water.

© Goldilocks

~~~~~~~~~

Most countries around the world are bankrupt or on the verge of being so with no ability to repay their debts. War, inflation, geopolitical issues, debt and more have created price distortions inside our International Financial System.

Part of the process of restoring credit to an individual or countries is to go through a Credit Valuation Adjustment. You are going to hear the term Credit Valuation Adjustment as we get closer to the moment when Nations around the world sign an International Treaty Agreement to make these changes.

This is part of the reason why we have Basel 3 compliance coming into play this year. These new requirements will reveal Financial flaws needing to be adjusted inside the banking system and force mergers needed to successfully put us on a path that is sustainable going forward.  Bank of England
Wikipedia

© Goldilocks
~~~~~~~~~

👇 I will be back a little bit later. I have to check in with a couple of my trading partners. When I return, I will have some banking updates for you. 👇

~~~~~~~~~

MICA Announcement:

Markets in Crypto-Assets (MICA) has finalized their draft. Service providers are concerned about overreach and clarity on some key issues, but the ability to move forward and test the new digital asset-based trading system is possible at this point.  
CNN News

© Goldilocks  

~~~~~~~~~

IMF recommends stablecoins and CBDCs to boost Pacific Islands’ economies | Coin Telegraph

~~~~~~~~~

Asia-Pacific Banks Not Feeling the Heat from Final Basel Rules | Hellenic Shipping News Worldwide

~~~~~~~~~

Prices of New Houses -19% from Peak, Lowest since June 2021. Why Sales of New Houses Held Up, while Sales of Existing Houses Plunged | Wolf Street

~~~~~~~~~

~~~~~~~~~

The collapse of a major bridge along a crucial trade corridor outside Baltimore idled shipping at one of the East Coast’s busiest ports, tied up coal shipments and pushed retailers, truckers and industrial firms to reroute shipping volumes to contain the economic fallout of the catastrophic event.   WSJ

~~~~~~~~~

👆 More on this tomorrow. I want to check in on a few things dealing with how much this will affect our economy because it will.

~~~~~~~~~

James Rickards: Stocks, gold & bitcoin price predictions as Wall St bulls face rising nuclear threat | Youtube

~~~~~~~~~

Follow Goldilocks’ Roadmap

Follow Goldilocks’ Timeline

Goldilocks’ Telegram Room

Q & A Telegram Room

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter