Monday, May 20, 2024
Coffee with MarkZ. 05/20/2024
"Geopolitical Tensions Continue to Shape Global Trade" BY GOLDILOCKS, 20 MAY
"Geopolitical Tensions Continue to Shape Global Trade"
The BRICS Nations is and will continue to grow. The next economy will be determined by the price of gold, and not, the dollar. Many countries are leaving the dollar and trading in their own local currencies. To join the BRICS Nations, you have to own gold to support your country's currency. And then, you can be trading partners inside the BRICS Nations.
Saudi Arabia is expected to join this time around. They are expected to join in August of 2024. This shift from the Petro dollar to a Petro Yuan is expected to be a significant shift in monetary flow. It will create a more balanced set of demands on local currencies in a way we have not seen in a long time.
These new demands are forming because of geopolitical tensions, but we would have eventually had to move this direction anyway. A Fiat monetary system just simply is not meant to last forever. We have been in a transitional economy since we moved off of the gold standard in 1973 under President Richard Nixon.
For the last 4 years, new alliances have been formed on the sea and on the land that will determine new trading routes and trading partners. These new bilateral agreements between countries will form new trading relationships and new demands on our local currencies.
This will shift our economies forming new business models that will determine prices on goods and services through supply and demand. Each country will be backed by gold and other commodities to level the playing field and opportunities going forward.
This is never been a push of the button reset moment. Rather, it has been a gradual evolution into a new way of life determined by an inner desire by each country to experience a level of freedom through conscious choices that bring forth what is best in all of us.
It is a movement of the body, mind, and soul to restore a separation that was never meant to occur. As we return to our natural habitat, our lives will be forever changed by an event that calls on what is highest in us to live in the world as it is.
The G20 will meet late this year to discuss and work on countries that still need attention in the Global South. The focus of this meeting is to level the playing field in the Emerging Markets. No one is left behind on this global transition. Every effort is being made to include every country in the world on this new digital asset based trading system.
WATCH THE WATER.
© Goldilocks
https://www.csis.org/analysis/geoeconomics-bi-weekly-geopolitical-tensions-continue-shape-global-trade
https://www.bis.org/cpmi/publ/d222.htm
https://apnews.com/article/what-is-global-south-19fa68cf8c60061e88d69f6f2270d98b
Plasschaert in her recent briefing: Iraq 2024 is developing rapidly, 20 MAY
Plasschaert in her recent briefing: Iraq 2024 is developing rapidly
The head of the United Nations mission in Iraq, Jeanine Plasschaert, gave her final briefing at the UN Security Council meeting, today, Thursday, via television, before her final departure from Iraq, thus concluding her missions that began in January 2018.
Plasschaert said: “We are witnessing a rising Iraq in the areas of service provision and reconstruction,” adding that “Iraq 2024 is developing rapidly and we hope that more progress will be achieved in the future for all Iraqis.”She touched on the issue of electing the Speaker of the House of Representatives and said, “I can only emphasize, for multiple reasons, the importance of choosing a Speaker of the House of Representatives, and with the upcoming vote of Parliament, which is now expected to take place next Saturday, there is hope that the new Speaker of the House of Representatives will be named soon.” .And about the regional parliament elections
KurdistanShe noted, “There is an urgent need for elections in a region KurdistanIt will be inclusive of all, and it is hoped (or better: expected) that voting will take place with the least possible delay, and in all cases no later than four months from now, and with the quota for minority representation.”It is also decided that the mission “ It will be closed at the request of an Iraqi, with the resident coordinator remaining to work
United nationsThe closure will include the elections, political affairs and human rights departments, although
Jeanine PlasschaertYou will leave
Iraqtoday.
Awake-in-3D: US Trade Upgrade Promises Stronger Exchange Rate for VND, 20 MAY
Awake-in-3D: US Trade Upgrade Promises Stronger Exchange Rate for VND
VND Update: U.S. Trade Upgrade Promises Stronger Exchange Rate
On May 18, 2024
By Awake-In-3D
New Market Economy Status Could Transform Economic and Trade Relations
In This Article:
- Overview of the U.S. Department of Commerce Review
- Advocates’ Arguments for Vietnam’s Market Economy Status
- Concerns from U.S. Industries
- Broader Economic and Geopolitical Implications
The United States is considering a significant economic move for upgrading Vietnam from a non-market economy (NME) to a market economy.
This change seeks to end high anti-dumping and countervailing duties on Vietnamese imports, while boosting Vietnam’s economy and its struggling VND currency exchange rate with the US Dollar.
Overview of the U.S. Department of Commerce Review
The U.S. Department of Commerce is set to complete its review of Vietnam’s economic status by late July 2024.
Currently, Vietnam is among 12 countries designated as NMEs, subjecting its goods to higher duties. Proponents argue that Vietnam has made substantial progress in currency convertibility, labor rights, and openness to foreign investment, qualifying it for an upgrade.
Advocates’ Arguments for Vietnam’s Market Economy Status
Vietnam’s Ministry of Industry and Trade (MOIT) and other proponents highlight several key improvements.
They point to enhanced currency convertibility, improved labor rights, and increased openness to foreign investments.
Major investors such as Samsung, Intel, and Nike have significantly contributed to Vietnam’s economic landscape, demonstrating confidence in its market reforms.
Concerns from U.S. Industries
Opponents, including U.S. steelmakers and agricultural groups like the Southern Shrimp Alliance, express concerns about potential negative impacts on American industries.
They argue that ongoing state intervention and unfair trade practices in Vietnam could harm U.S. businesses.
The decision also faces scrutiny from U.S. domestic politics, particularly in swing states like Pennsylvania, where the impact on local industries is a critical consideration.
Broader Economic and Geopolitical Implications
Changing Vietnam’s status holds broader implications beyond trade.
Economically, it would strengthen the VND and enhance Vietnam’s position in the global market. Geopolitically, it could counterbalance China’s influence in the region, fostering closer U.S.-Vietnam economic relations.
The potential upgrade also reflects Vietnam’s infrastructural and business reforms, offering growth prospects for U.S. firms and increasing foreign direct investment, which rose to $3.5 billion in 2022.
The Bottom Line
The potential upgrade of Vietnam’s economic status by the U.S. Department of Commerce could significantly impact trade relations and strengthen the Vietnamese dong.
The decision, expected by late July 2024, will play a crucial role in shaping the future of U.S.-Vietnam economic and geopolitical dynamics.
Supporting article: Vietnam Briefing MAY 9th 2024
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© GCR Real-Time News
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