Goldilocks and Seeds of Wisdom
Goldilocks posted links and commentaries:
The big news of the day on the markets is…
“Oil Powers Announce Surprise Cuts Of More Than 1 Million Bpd”
These reductions include a Russian decision to extend a cut of 500,000 barrels per day.
Despite US calls to increase production, this risk is adding fuel to the fires of inflation pressures in raising interest rates.
“Saudi Arabia will cut 500,000 barrels per day, Iraq 211,000, the UAE 144,000, Kuwait 128,000, Algeria 48,000 and Oman 40,000, each country announced.”
It looks like we have some signs of independence in the Eastern portions of our world and a breaking off of dependence on the dollar’s Western influence.
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The US may have to consider opening pipelines back up here at home in order to ignite a fuel industry that has taken a back seat to the electronic industry.
History is being written as we speak, and the lines in the sand are being drawn. The world is reevaluating its allies, and the marketplace will soon have new price actions.
Reset protocols and monetary policies will be forthcoming.
© Goldilocks
https://www.barrons.com/news/oil-powers-to-slash-production-by-more-than-1-million-bpd-84df7fa9
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Singapore, Malaysia Launch Cross-border QR Payments Link
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By Editors, Regulation Asia Published on 3rd April 2023
The payment linkage will allow customers of participating financial institutions to make retail payments by scanning NETS QR and DuitNow QR codes.
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ASEAN to Reduce Reliance on Major Currencies to Safeguard Stability
“The Association of Southeast Asian Nations (ASEAN) is an inter-governmental international organization, comprised of Indonesia, Vietnam, Laos, Brunei, Thailand, Myanmar, the Philippines, Cambodia, Singapore and Malaysia.”
It looks like Vietnam, Indonesia, and other countries are increasing demands on their local currencies. Again, demand equals an increase in value.
Published on 3rd April 2023
ASEAN finance ministers and central bank governors agreed to increase usage of local currencies for trade settlements.
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China, Brazil Abandon US Dollar as Intermediary Currency
Published on 3rd April 2023
China and Brazil will exchange renminbi and reals directly to settle trade and financial transactions.
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Take a close look at these last three banking announcements on this page. The dollar dominance is waning. New price actions are on the way.
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“XRP Ledger Smart Contract L2 Protocol Set to Launch, Announces Testnet Migration”
This Layer two Smart Contract interface is going live with the proposed Hooks sidechain.
Hooks are small codes that can e-----e instructions alongside XRP transactions.
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Developers have been working on the project for over two years.
Final protocols are being set into motion and soon to be implemented with this global banking coin (XRP) leading our new economy into the future.
Source: Dinar Recaps
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