Goldilocks and Seeds of Wisdom
Goldilocks posted commentaries with links:
Saudi Arabia’s crown prince is seeking a new foreign policy.
He is seeking to strengthen ties with China and Russia.
A new agreement has been reached with Iran that will ease tensions in the Gulf regions.
New alliances are being formed and the US is finding itself outside of a relationship that was once secure.
This major economic shift will have a profound effect upon the dollar.
The demand for the Chinese Yuan will be greatly enhanced by this new move.
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A new focus is coming into play for Saudi Arabia that lessons dependence on oil reserves through diversification of its economy into ventures most needed in the new age.
“On Sunday, Aramco announced plans to construct a new refinery and petrochemical complex in northeastern China through a joint venture.”
Clearly, new alliances are being formed and money flows are being consolidated to generate more revenue and demand for the use of Middle Eastern currencies.
This demand will increase their value as these new opportunities form relationships allowing it to do so.
Saudi Arabia in the orbit of China and Russia: towards a new strategic alliance?
https://atalayar.com/en/content/saudi-arabia-orbit-china-and-russia-towards-new-strategic-alliance
Saudi Aramco to invest billions in Chinese petrochemicals
https://abcnews.go.com/Business/wireStory/saudi-aramco-invest-billions-chinese-petrochemicals-98149646
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“Nasdaq planning to launch custody services for crypto by end of Q2”
Ethereum and Bitcoin are going to be recipients of this new service provided on the marketplace.
Crypto custody is a secure, off-chain storage solution that protects crypto wallet funds from theft or loss.
Hedge funds, governments, and institutional investors use cryptocurrency custody to protect large amounts of digital tokens.
This New Market service is expected to be finished before the end of June and just before the FEDNOW launch date takes place.
https://fortune.com/crypto/2023/03/24/nasdaq-crypto-custody-q2/
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LEGISLATIVE WATCH WYOMING:
“State to Issue Digital Dollar. Supporters say Wyoming’s stable token is alternative to central bank digital currency.”
This new “stable token” is a representative of the US dollar for the state of Wyoming.
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Stablecoins are just arriving on the scene to support the local economy of a country and their currencies.
New laws are still being developed for their use and their value.
Source: Dinar Recaps
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