GCR Updates As Of 19 June.

[Luigi1]

Goldilocks:           Putin Visits Vietnam. Why? “The Main Issues Relate To Shoring Up Economic & Commercial Ties, Including Arms Sales.”

ARTICLE:  Putin & Vietnam’s leaders were said to have been working on an agreement regarding Ruble-Dong currency transactions through the banking system.  This meeting is expected to enable payment for goods & services.

 

Currently, Vietnam is expanding the value of its currency through the expansion of its elderly population through healthcare, commercial trade & military arms expansion.

 

Proper military spending over GDP stabilizes & promotes currency values of a country.  Why?  Money spent on the military ends up in the private sector as payment for goods & services the military requires.

 

Each of these are indicators of a growing economy that justifies a higher value through demand on their currency inside a Market Driven Economy.        © Goldilocks
 

-Nervous about the market? Here’s one thing you could do if shares start sinking fast.

Jack Janasiewicz: The bottom line … is that there’s a disinflationary impulse coming.  I think [Fed Chair Jerome] Powell was right to sort of look at [hotter-than-expected] January, February, March inflation data as maybe a little bit of an anomaly or a pause but not a reversal of that trend that’s going to continue to head to that 2% target.

 

So, again, heading in the right direction, it may be slower than people would like. But we’re going to 2%.

 

Then the other thing I would point to as well — the labor side of their mandate is becoming a little more focused. [The Fed] is one of the only central banks that has the dual mandate with price stability & full employment.  It feels like the price stability side is coming into better focus.

 

As the economy slows a little bit here & you start to see the unemployment rate tick a little bit higher … the Fed [could start] to focus on making sure that the unemployment rate doesn’t start to rise.

 

That could be the trigger for rate cuts.  So we’re not ruling out rate cuts by September.  We could easily have a cut.  The data will tell us that, but I think the big takeaway for us is [inflation] going in the right direction.  

 

-Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy & Spain rank upfront beneficiary checks as important to them in trading across borders.        © Goldilocks

-Swift bids to connect VoP schemes across Europe   FinExtra.      © Goldilocks

 

-The 2024 U.S. Presidential race sees cryptocurrency policy as a key issue, with both parties engaging in debates.

Paul Ryan urges lawmakers to create a regulatory framework for stablecoins to boost U.S. debt attractiveness.

Ryan highlights China’s digital currency advances, stressing the need for U.S. adoption of dollar-backed stablecoins.     © Goldilocks

 

-Liquidity risk surged 41.4% at LCH’s Paris-based clearing house in the first quarter, reaching a level not seen in almost five years. | Risk Net.

© Goldilocks

 

-Guaranteed basic income programs spread across the country: Is it coming to your city? | Fox News.      © Goldilocks

 

-OPEC sees no peak oil demand long term, secretary general says | Gulf Business.      © Goldilocks

 

 

 

 

 

 

[Luigi1]

Here's a MZ update..."we won't get out of July without this RV"...What ever happend to "we won't get out of June without this RV"?

 

 

Some highlights by PDK-Not verbatim:

 

THREAD:

Member: Happy Taco Tuesday…..or maybe its Terrific Tuesday?

Member: Live from Puerto Rico it's time fora the master of the nothing burgers & the holder of the golden egg shirt it's time for the Z man Mark Z & his golden egg bunch.

'Member: I m really hoping that Mark's military contacts are correct about this "whole" thing being over by the 4th!! It would make sense to celebrate our new country on that day.

Member: Indepedance Day would be good for rv.

Member: Still hoping for sooner than that.

Member: What is the significance of June 23rd?

MZ: Good Question. Why do I have so many bankers from different banks across the US expecting something major to do with the US Dollar to happen on the 23rd? I don’t know. But even people in Iraq are looking at specifically around that time period as well.

Member: Bo Polny thinks the Banks will be going down Thursday.

MZ: What is the Fed doing on the 24th of this month?  They have an open meeting on foreign exchange rate at 4:15 PM. They will be discussing foreign exchange rates.

Member: And the Federal Reserve Board announces the results from its annual bank stress tests on Wed. June 26th at 4:30 edt.

MZ: This is all interesting timing as we hear about changes happening on the 23rd.

Member: do you think Iraq will put the Dinar on forex with only a NEER (Nominal Effective Exchange Rate) & then float? Or Immediately apply the REER  (Real Effective Exchange rate) as well?

MZ: No, I do not think we will see the Iraqi Dinar float. I believe they have been clear they want to retain value & peg it to assets. But, I could be wrong.

Member: Frank who says it will float but that's because he thinks Iraq is the only country who is RVing.

MZ: I did hear more from Iraq sources today confirming about the ATM installations & training.

Member: So mark with Iraq putting ATM out frank said 10000 & troops guarding them wouldn't think we days ….not weeks or months away.

MZ: I do know of a few bond contacts who were again updating final contracts. I hope we hear more news on that soon.  This hurry up and wait is frustrating.

MZ: I have multiple sources who have UST based sources .who are purposely sowing different information to different people like groups ect…..the logical conclusion is they are trying to cloud the timing. They have remoed rumors up the last few days.

Member: I wish everyone would stop asking when, when. No one is going to know ahead of time. Everyone will know together at the same time. I feel every time someone gives a date it delays the rv.

MZ: I do have a fun bank story. “A person went into the bank to ask questions. The banker said they were aware of the coming change with foreign currencies …but we are not exchanging at this location. He said We are doing it at a location in this region, but I am not allowed to tell you which location yet.

MZ: I thought this was great….coming from one of the top banks.

Member: Went Canada Trust Bank . They exchange Kuwaiti Dinar but not Iraq dinar. However they are installing new bank machine.

Member: Mark…After the RV. ! How many days do you think we will have to exchange currencies? 30- 60- 90 days?

Member: He used to say at least 30 days….guess we wait and see.

Member” Happy Juneteenth tomorrow folks.

Member: Banks & mail should be closed tomorrow.  

Member: On Mon Sudani (allegedly) announced on TV that before the end of the holiday June 19 Iraq will have a new rate.

Member: Lord, we are weary, BUT we are ready !! Strengthen our resolve to help make this the world you wanted for us! Lift us up & bless your faithful to go out & be beautiful examples of unconditional LOVE!

Thank you Mark for all the time and effort you spend keeping our family together. God Bless