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Goldilocks and Seeds of Wisdom
Goldilocks posted comments and news links on the global financial system
BREAKING NEWS
TURKEY AND SAUDI ARABIA HAVE SIGNED A MEMORANDUM OF UNDERSTANDING TO ENHANCE COLLABORATION IN THE FIELD OF CRITICAL MINERALS
Saudi Arabia and hard assets.
They are making moves.
Read: https://x.com/goldtelegraph_/status/1696249440246321259?s=46
more on this one today
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BRICS Member Admits Dollar Will Remain Dominant Despite Rupee, Yuan Deals
https://markets.businessinsider.com/news/currencies/brics-india-dollar-dominance-dedollarization-rupee-yuan-deals-alternative-currencies-2023-8
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Digital Banking Announcement:
Google and other major internet platforms must update their service policies to comply with EU standards from its Digital Services Act by Aug. 28.
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Evergrande down nearly 15% at open.
Read: https://x.com/goldtelegraph_/status/1696346667971199043?s=46
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“During the period of January to June 2023, India’s top trading partners included China ($38.1 billion USD), Russia ($29.6 billion USD), Saudi Arabia ($12.9 billion USD), Iraq ($12.5 billion USD), and Switzerland ($7.5 billion USD).”
In the above information, we see that India traded with Iraq in US dollars around 12.9 billion dollars worth in trade.
Now, Iraq is no longer using the dollar inside the UPI trading mechanism with India who is running out of dollars for trade per a recent article last week forcing India to use the Rupee in their new Bilateral Trade Agreements.
This is just one country that Iraq is doing business with now in their own currency going forward.
As Iraq begins to increase demand for their currency, this will begin to put price pressures on the Dinar raising its value the second half of the year.
https://shafaq.com/en/Economy/Iraq-India-trade-reaches-12-5-Billion-in-the-first-half-of-2023
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“Today, Tuesday, the Ministry of Commerce announced an agreement with the Turkish side to activate joint committees and agreements signed between them, overcoming obstacles, increasing the volume of trade exchange, and promoting joint investments.”
Joint committees and agreements between two countries in terms of a trade deal with price valuation agreements.
These two countries had to agree upon acceptable values on goods and services that would allow them to trade at fair values between the two countries.
A few months ago we read that Iraq had a bank inside of Turkey or at the very least Bank capabilities. Now, we know why. They intended to do business together.
Source: Dinar Recaps
Goldilocks posted comments and news links on the global financial system
“China Moves Ahead With Capital Market Support Measures. The measures include a lower minimum margin ratio, a stamp duty cut, and curbs on stock sales and new IPOs.”
Stamp duty cuts boost liquidity and increase transaction sentiment in the markets. In other words, the stamp duty rate for currency (exchange rate changes) and interest rate derivatives have been reduced.
At the same time, China is currently utilizing lower margin rates in their trades to get through their crisis in the markets concerning Evergrande’s widespread bankruptcy effect.
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This allows them to reduce expenses, enhance profit potential, and enjoy greater flexibility in utilizing their capital.
When a company or a market is restructured, many provisions go into play that allow for changes to occur knowing values have changed.
This absorbs the shock inside markets for when companies like Evergrande who can’t make their bills. A limited number of new offerings occur during these transitions to help markets make their adjustments.
In other words, Evergrande stocks and stocks affected by this company are on sale. This allows a market to move into real values based upon their ability to pay for them in the present economy.
This is a great time for new tokenized assets based upon real values to come into play through the activation of Quantum Technologies that have been interfacing with one another as of late.
We have not completed this process, but it is in the works.
https://www.regulationasia.com/china-moves-ahead-with-capital-market-support-measures/
https://www.cnbc.com/2023/08/25/china-to-cut-stamp-duty-on-stock-trading-to-revive-sentiment.html
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Banking Announcement:
Vietnam Joins ASEAN Payment Connectivity Initiative
The inclusion of the SBV has increased the Regional Payment Connectivity group from five to six ASEAN central banks.
https://www.regulationasia.com/vietnam-joins-asean-payment-connectivity-initiative/
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STELLAR XLM MIND OFFICIALLY BLOWN BANKS CAN USE #XLM FOR OFFLINE PAYMENT DURING GREAT RESET
STELLAR XLM MIND OFFICIALLY BLOWN BANKS CAN USE LUMENS FOR OFFLINE PAYMENT DURING GREAT RESET
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JUST IN: X (Twitter) obtains license required for crypto payments and trading.
@WatcherGuru
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ANKARA — Turkey and Saudi Arabia signed a memorandum of understanding to advance the two countries’ cooperation in mining, Turkey’s Energy Minister Alparslan Bayraktar announced Monday.
Bayraktar said the deal is particularly aiming to advance cooperation between Turkey and Saudi Arabia on the mining of critical minerals. “One of the most important components of this memorandum involves cooperation on critical mines that are required in new technologies such as electric vehicles or solar panel technologies,” he told Turkey’s public broadcaster, adding that the scope of the deal involves the mining of critical minerals in Turkey and Saudi Arabia as well as third countries.
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“The Energy Act of 2020 defines a critical mineral as a “non-fuel mineral or mineral material essential to the economic or national security of the U.S. and which has a supply chain vulnerable to disruption.” The law requires the USGS to update its list of critical minerals at least every three years, which informs federal agencies’ use of funds dedicated to strengthening supply chains, awarding tax credits, and setting strategy for increasing and diversifying supply.”
The need for copper in our future economy is so great that copper has been put on the critical mineral list.
This means it has the potential to disrupt supply chains because of the demand for it in electronic vehicles, electrical products, wind solar, and hydropower.
At this point, Energy Infrastructure is of wide concern due to how much is needed to supply the next economy.
https://www.csis.org/analysis/building-larger-and-more-diverse-supply-chains-energy-minerals
https://www.australianmining.com.au/copper-joins-critical-minerals-list/
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https://x.com/sprinter99800/status/1696557067266413059?s=52 original post via X
Interestingly, this above article is from February of this year. Inroads were being made then, to set up the commodities sector of trade. Oil especially. As a reminder, Iran pushed for a quick entry into BRICS, and they have been granted entry starting January 2024.
Venezuela also connected to Russia via their use of MIR pay, Russia’s payment service.
https://www.riotimesonline.com/brazil-news/mercosur/venezuela/venezuela-integrates-into-russias-mir-payment-system/
See how all these pieces are coming together?
© Marie G.
Q & A Telegram Room
Source: Dinar Recaps
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