Goldilocks "The Fed News and More".....Wednesday 5-3-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted comments and links:
The FED is expected to raise interest rates, but what comes next is the question. Bank consolidations are expected going forward.
What people don't realize is that we have more Banks than
any other Nation in the world, and some of these changes have been needed for
some time even under a good economy.
The problem is that small Banks and midsize Banks are good
for the local economy. There is a level of trust there and co-ownership
possibilities you can't get in a Big Bank.
© Goldilocks
"US
Supreme Court to Consider Curbing Authority of Federal Regulatory
Agencies."
The SEC and the CFTC are currently at odds decisions being
made over the cryptocurrency market.
The idea of who is in charge and who gives the final rules
for these crypto currency assets are unclear along with the lack of regulations
to govern.
Two appeals are happening at this time:
An appeal seeks to overturn ruling giving US agencies
authority, and
The Court will take up the regulation case for review in
October term.
© Goldilocks
https://coingape.com/us-supreme-court-agrees-to-abolish-us-sec-cftcs-powers/
https://www.bloomberg.com/news/articles/2023-05-01/supreme-court-to-consider-toppling-precedent-curbing-agencies
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"Wider Use of National Fiats of BRICS
States to Precede Launch of Single Currency."
At this time, the BRICS Nations in the East are choosing
to promote their National paper currencies before they move into a single
asset-based trading digital currency.
The broader use of their local paper currencies will add
value to them through demand. This new demand on local currencies will help to
sustain countries from within before reaching out into a broader context
collectively.
