Goldilocks’ Comments and Global Economic News for August 19, 2023 – August 20, 2023

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Goldilocks posted comments and news links on the global financial system:

WEBINAR: the SEPA Request-To-Pay scheme: Steady and ready to take off in 2023

ICYMI: the @EPC_SEPA has posted a recording of its recent webinar ‘The SEPA #Request2Pay scheme: Steady and ready to take off in 2023’

Journey From The Humble Indian Rupee To International Currency

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PRESS RELEASE

No.136/SP/TKP-ASEAN2023/8/2023

PUBLIC COMMUNICATIONS TEAM

FOR IMMEDIATE RELEASE

Indonesia to Host Flagship Event ASEAN-Indo-Pacific Forum (AIPF): Implementation of the ASEAN Outlook on the Indo-Pacific (AOIP) 2023 – September 5-6

https://www.asean2023.id/en/news-and-information/press-release

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US Banks Suffer $18,900,000,000 in Losses As JPMorgan Chase and Capital One Take Big Hits From Bad Loans: Report

Daily Hodl Link

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“Standard Charter is joining a growing list of banks keen to explore opportunities in a debt-swap market that was once dominated by Credit Suisse.”

Do you remember back in late 2021 when we were exploring the Quantum Technologies ready to be used by Iraq?

We looked at the building blocks that would be the foundation of the new digital economy that was about to be built beginning January 1st, 2022.

Two entities kept surfacing during that time that would serve as supporting actors going into the new economy: Standard Charter and Fintech.

We have heard a lot about Fintech for the last year and a half, and the time has come for Standard Charter to step up to the plate.

The list of banks are growing that are interested in hedging currency risks with foreign exchange transactions once dominated by Credit Suisse.

Standard Charter has talked to several banks and governments about a “debt for nature” swap that involves the use of them utilizing their own local currencies in exchange for reducing their debt if certain conditions are met. The proceeds will go to fund conservation activities.

The key to this transaction is for commercial Banks or Governments to sell their debts at less than the value of its original loan.

The World Bank is behind a lot of the green bonds initiative desiring to help countries create a sustainable environment and improve the climate around the world.

In conjunction with banks, the World Bank is leading the charge toward getting Banks like Standard Charter and others to form an alliance that will improve the well-being of our world.

This project will provide much needed liquidity for new countries who want to create a sustainable environment through climate change and monetary reforms that will build upon sustaining efforts of their currencies moving forward with new liquidity.

Bonds are denominated in local currency, and you just thought you were doing a simple currency exchange.

It’s not a bad trade.

© Goldilocks

BloombergLaw

WorldBank Link

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Project Genesis 1.0: Prototype digital platforms for green bond tokenisation

https://www.bis.org/about/bisih/topics/green_finance/green_bonds.htm

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Genesis 2.0: Smart contract-based carbon credits attached to green bonds

https://www.bis.org/about/bisih/topics/green_finance/genesis_2.htm

Sustainable bond issuance will return to growth in 2023 | S&P Global

SPGlobal Link

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Want to know when the mature date is coming due on these green bonds?

It’s in the articles above…

© Goldilocks

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“President Cyril Ramaphosa, pictured with Chinese President Xi Jinping, backed China’s call for a new financial world order that prevents “unilateral sanctions” against countries such as Russia.”

https://www.news24.com/news24/politics/brics-summit-cyril-ramaphosa-backs-chinas-new-financial-order-plans-20230819

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India-Russia trade settlement: A way forward

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BRICS : De-Dollarization begins with Oil & Gas

This morning, I shared with you why countries will be moving back to their own local currencies. Several countries all over the world have already spent trillions of dollars on green bonds that will support their maturity being denominated in local currencies.

Tonight, I will share with you how it will begin. The BRICS Nations are encouraging countries that join with them to move back into their own National Currencies.

China and Russia already back their oil and gas with gold. Saudi Arabia, who plans to join the BRICS Nation, will be under pressure to follow new rules. Payments on oil and gas are expected to be converted in local currencies inside the BRICS system.

At the time of this writing, Saudi Arabia is still using the dollar for trade, but this could change with their new alliance inside the BRICS system. Saudi Arabia’s biggest customer is China. This could go a long way in some of their transactions being dealt in the Petro Yuan by the end of the year.

This is, perhaps, one of the worst things that could ever happen to the dollar. The demand for the Petro Yuan is increasing at a rapid pace along with Banks in the East backing their capital with gold.

We are on the cusp of a paradigm shift that will change the way we do things on a global scale.

Are you watching?

© Goldilocks

https://indiashippingnews.com/brics-de-dollarization-begins-with-oil-gas/

The Panama Canal Has Become a Traffic Jam of the Seas

More than 200 vessels are stuck on either side of the waterway as a serious drought cuts crossings.

Uh oh…

“Use of the all-water route through the Panama Canal will continue to be an important, cost-effective transportation mode for a significant segment of world trade.”

https://pancanal.com/en/maritime-services/trade-routes/#:~:text=Use%20of%20the%20all%2Dwater,significant%20segment%20of%20world%20trade.

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China’s massive gold purchases may actually be underestimated, and will likely continue for many years – BMO

“Based on the World Gold Council’s estimate of global central bank demand last year (1,136t) and reported purchases in IMF statistics, approximately 65% of gold additions were unreported. It is widely thought that China and Russia likely account for a notable portion of this difference,” the analysts said.
Kitco Link

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**SEC FINALLY ADMITS RIPPLE/XRP NOT A SECURITY & THE XRP ARMY IS VINDICATED | PROFIT WILL BE MADE**

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8 thoughts on “Goldilocks’ Comments and Global Economic News for August 19, 2023 – August 20, 2023

  1. Quote:
    The World Bank is behind a lot of the green bonds initiative desiring to help countries create a sustainable environment and improve the climate around the world.

    In conjunction with banks, the World Bank is leading the charge toward getting Banks like Standard Charter and others to form an alliance that will improve the well-being of our world.

    This project will provide much needed liquidity for new countries who want to create a sustainable environment through climate change and monetary reforms that will build upon sustaining efforts of their currencies moving forward with new liquidity.

    Bonds are denominated in local currency, and you just thought you were doing a simple currency exchange.

    It’s not a bad trade.

    © Goldilocks
    So basically, they are trying to leverage land for ‘green bonds’ for climate change and liquidity and Goldilocks is suggesting this isn’t a ‘bad trade’?

    I smell a rat and the wind is coming from Goldilocks direction…
    Goldilocks…is the porrage cold or hot?
    You do realize you will not be able to leverage or liquidate with these green bonds that cannot be created with assets already been leveraged and for CLIMATE CHANGE???
    Goldilocks, I think the porrage is cold!

    Like

      1. Thanks Cindy, what really irks me is the outright brazen way they have done to people, no longer do they care to be covert…like this whole Maui ‘fire’ and I use that term loosely because it was no ‘fire’. It’s like day one, they are trying to evict people in the area whose houses weren’t burnt down…or affected by the fires, so much wrong with it, and I don’t think this is part of the movie, and if it’s the DS who killed these people, how disturbing, I thought they were in control, what is the reason they continue to be covert or not get this out and stop with the casualties of war, there should be no more of these if they truely are in control.
        Are we gonna see any justice on those that helped with this crime to the people of Maui? They sent kids home, no alarm, parents had to stay at work, blocked the roads, turned off the water, no helping is allowed, redcross and tema are turning people away…it’s full on insanity and many children died in those houses, the heat horrible, a guy set down his clothes by a canal and they went POOF, and he dived into the water so he wouldn’t go POOF…you could see the black burn spots where his clothes were and only a plastic hanger remained…he was in disbelief he actually survived, but maybe because he could get wet, which is why they turned off the water, and blocked streets so people couldn’t leave.
        Oh, they show video of Oprah there handing out supplies, it reminds me of Katrina, no one allowed in to help, no one allowed out. These things happen over and over and no one is puchished or charged with a crime. I don’t know about you but am sick of it all, how can we stop them when our own ‘white hats’ supposedly have control but yet allowed this to happen?
        NO ONE IS SAFE and ‘holding the line’ or ‘trusting the plan’ didn’t work out so well for these Hawaians, now did it, and the fake President doesn’t pay attention…when is this madness gonna end. This is straight up torture and no bones about it, if they have control then stop this right now.
        How many more ‘disasters’ are we gonna witness? Or next time it’s our neighborhoods…HELLO WHITE HATS…if you have control, then stop this now. Take away their DEW weapons because we all know how this was done…and who did it.
        Same with the green bonds…they will claim this is climate change and do their 15 minute cities, and this actually has nothing to do with climate but now we are getting warned of a new lockdown, let me just say that hopefully most will not comply but this could start a civil war if police think people are gonna just lock down again and starve. Must we continue with the charade another winter of BS and lockdowns and masking and BS?
        This is TORTURE…they hope we will wear down and agree to their agenda.

        Like

      2. These are the moments will all will lose faith, with despair and the knashing of teeth caused by the circumstances of Earth.. as it seems.
        YOU are awake and aware, and ready for a different life experience! And so it shall be, let the dead bury their dead as the living move forward into BEing in…
        Quantum Joy!🌹😳💕🎉

        Like

      3. I’m all for a new life and new peaceful existance, heck I was ready years ago, but apparently, they aren’t…I guess we haven’t had enough suffering or destruction yet. We all know they lie, and cause chaos so they can wear us down, and we’ll accept anything…but they have woke the sleeping giant, if they don’t stop this charade, soon there will be no stopping what is gonna happen to these people that do this to humanity. Now that is a movie I will watch…and won’t shed a tear for any of the ones who have done this to humanity.

        Like

      4. And there-in lies the moral so this story…which will NEVER, EVER happen again! This IS the beginning of the end gif Dark on Earth! Yes…my/your/our FEELINGS are out strength! 🌹😊💕

        Like

      5. Ohana Mahalo….I watched a press conference from Maui and a totally different one from Lahaine, The Maui press conference was so weird, the governor says so far 110 found and aren’t done sifting thru the ashes yet so more to come, but he also stated he might put a moritorium on any land purchases..as if the people of Maui and especially Lahaine are gonna sell anything, they want to do their own rebuilding and don’t want the gooberment to be in charge, they said it’s plantation that was burned and they want to bring back their culture and reforest the areas that were suppose to be reforested since plantation days but wasn’t. These people are standing strong in lahaine, and they are not gonna allow investors or corporations or gooberment to run over them. They said the governor is trying to push too fast, and I think he lied in his press conference as some residence have gotten eviction notices from the mayor and they were not affected by the fires. They plan to make a command center out of people’s homes and they have 45 days to move.
        I hope they can stay strong and stand up to them. Kim said there will not be any highrises built there and she isn’t funding them but is gonna make sure the money goes to those people who need it.
        So America is watching…the Hawaiian people are strong and think Biden is an idiot….he’s vacationing in Tahoe and wants to give 24 billion to Ukraine and 16 billion to Maui but if they don’t approve it for Ukraine then Hawaii don’t get help….what a scam…but we know that aint Biden so what gives here….I know people are getting fed up with Biden but I think they are gonna try t distract everyone with another crisis and try their CONvid climate change thing come September…
        PLEASE FAT LADY SING….I know I’ve had enough…

        Like

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