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Goldilocks and Seeds of Wisdom
Goldilocks posted some comments with links this morning:
The debt ceiling is at the top of the agenda this morning.
We still do not have a deal at this point, and there are talks of extending these talks for a couple more weeks.
The concern is that the markets will begin to start reacting if an extension is made in making a deal.
Right now, we’re seeing the possibility of getting a possible rate hike at this point. Yields on one month UST Bills hits record high following Biden-McCarthy’s debt ceiling stalls.
Asian stocks fall after US debt talks failed to break an impasse. European markets lower with the US debt ceiling deal still pending.
The dollar is rising after FED remarks signal further rate heights. Gold dips as US debt ceiling deal hopes support the dollar. Oil slips as the US debt ceiling concerns offset tight supply.
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And finally, there is talk about the GDP indicating a slower growth rate for the economy.
NBC News LINK
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“CFTC Chair Urges Crypto Exchanges To Protect Customers’ Investments”
He is aware that tight regulations are needed around the world to engage in a more secure QFS.
And, clarity on whether certain digital assets are a security or a commodity continue to be defined.
These new banking regulations will serve to guide our global economy going forward.
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As we approach next month’s deadlines on the new digital-asset based trading system, our new digital/currency reforms will clearly reset our currency exchange rates and protocols.
https://tokenhell.com/cftc-chair-urges-crypto-exchanges-to-protect-customers-investments/
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Iraq’s Cabinet has approved a substantial capital increase in the Fund for Supporting Small Income-Generating Projects.
The fund’s capital will be increased from the previous amount of 150 billion dinars to 1,350 billion dinars ($1 billion).
According to a government statement, this expansion is part of the Ministry of Labor and Social Affairs’ three-year plan within the government program, and is in accordance with the provisions outlined in Law No. (10) of 2012, which specifically focuses on the support and development of small, income-generating projects.
(Source: Media Office of the Prime Minister)
https://www.iraq-businessnews.com/2023/05/22/iraq-increases-funding-for-small-projects/
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“Governments Race to Regulate AI Tools”
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Governing Artificial Intelligence is making waves at this time with governments around the world.
AI licensing and auditing protocols are not only needed but expected going forward.
This will require governments around the world to follow a specific set of standards in moving money across the globe.
This not only levels the playing field for everyone, but it will counteract money laundering as well.
https://www.brookings.edu/blog/up-front/2023/05/22/the-us-government-should-regulate-ai/
“Governments Race to Regulate AI Tools”
https://www.insurancejournal.com/news/international/2023/05/22/721771.htm
Source: Dinar Recaps
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