Goldilocks' Comments and Global Economic News Monday Evening 5-6-24

Goldilocks' Comments and Global Economic News Monday Evening 5-6-24

Good Evening Dinar Recaps,

"When gold is set free, so are we."

Let's take a close look at why that is. There is a strong belief that gold is no longer determined by economic prices on the market. A shift is occurring and China is in the middle of it.

Much of the gold prices as of late have been driven by the China Market buying up this particular precious metal. It is one of the requirements of the BRICS Nations in joining this alliance to trade goods and services with the backing of gold.

In other words, we have new price discoveries taking place attempting to reset the price of gold. The higher the price of gold goes, it has the ability to determine the price of the dollar going forward. When gold is the standard over the dollar, price discoveries on foreign currencies begin to shift.

Gold and the Dollar have a correlated relationship that is currently breaking down because of inflation, de-dollarization, and the purchase of gold by countries overseas.

When the price pressures on gold becomes so great, it will require new formulations of values and a reset in gold will occur. All of our tokenized assets backed by gold, our stablecoins that represents a country's currencies backed by gold, and gold itself will be free to move into a real value.

These new values will be determined by supply and demand, and not, a predetermined price set to parallel a particular World Reserve Asset. This is when we have a reset.

Here is what the final moments look like...

Paper trades in gold and silver on the COMEX Market are stopped.

When trades in paper gold and paper silver in the Futures Market come to a halt, this will enable them to adjust spot prices on physical gold and physical silver.

A slight movement upward (manually done) occurs to encourage trade. This is done over and over again until the market recognizes the new determinations and price correlations.

This is where you see chart gaps happen in the market, and they have to be filled.

Once these gaps are filled and new movement forward on gold and silver are secured, we have a reset. This will reset everything.   CME Group   NY Times
Everything.

© Goldilocks

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New Bank merger guidelines

Pdf READ HERE

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Are Real-Time Payments Near an Inflection Point? BofA Thinks So | Payments

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Banking Intel:

Commercial Lenders (Relationship Managers) are currently receiving electronic messages to sign up for Foreign Currency Training.   Street Directory  Learn   Study  

© Goldilocks

👆 By the way, Commercial Lenders are having to report for foreign currency exchange training. It is not an option. It is a requirement.

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Building a User-Friendly Interface for Central Bank Digital Currency Applications: A Case Study  | HackerNoon

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If Ripple is not a security, it is a commodity. A precious metal. And, you can currently get it for just over 50 cents.

Many of you have stated that you cannot afford precious metals. Well, you don't have an excuse now. Why would you wait for it to go up?

The case is expected to be finished in September 2024. What are you waiting for? This is not advice, but it is probably one you wished a year from now someone had given to you.    Youtube

© Goldilocks

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Comments and Global Economic News Sunday Evening 5-5-24

 Comments and Global Economic News Sunday Evening 5-5-24

Good Evening Dinar Recaps,

"Exchange gain of an individual from the disposition of foreign currency in a personal transaction is not taxable, provided that the gain realized does not exceed $200."

There you have it. So long as you do not profit more than $200 from your foreign currency exchange as an individual you do not have to pay taxes.

If you gain more than $200 on your transaction in a foreign currency exchange, you are expected to pay taxes on an individual level.

Below, you will see new regulations on Corporate gains and losses of foreign currency exchange that have been proposed and went into effect in February 2024 of this year.  

This is not tax advice. It is merely education, as always, with anything said in this room for you to check out later with your CPA.  PWC  Answer Connect 1  Answer Connect 2  Answer Connect 3  RSM US  Answer Connect 4

© Goldilocks

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Biden Administration Surrenders to China on Final EV Regulations, Weakens America’s Trade Policies - House Committee on Ways and Means

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Proposed Foreign Currency Regulations

READ HERE:

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How Forex Trades Are Taxed | Investopedia

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"If finalized, the regulations would generally be effective for taxpayers with tax years beginning on or after Jan. 1, 2025, which would end a decades-long administrative delay in the implementation of new rules. Affected taxpayers should assess their existing Section 987 methods and the potential impact of adopting the proposed regulations early."

Bottom line, please check with your CPA when you receive your money for the new laws that have been applied to foreign currency exchanges for individuals just this year.

It's better to be safe than sorry. New laws are coming into the books late last year and this year in foreign currency exchanges, and I just simply want you to not be penalized for something so many of us have waited so many years to receive.

And, if you are under a contract for this Exchange, you do not want to take the chance of having your funds clawed back. This is our only chance at this in this lifetime. Opportunities do not come like this very often.

These new regulations for foreign currency exchange could very well have been set for January 1, 2026, but it wasn't.

Are we hearing the need for foreign currency exchange regulations to be done and implemented by the first of the year in case there is a need to do something with them between now and then?   Grant Thornton

© Goldilocks

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"The international group could create an alternative currency based on their national legal tenders, according to Alexey Mozhin FILE PHOTO. © Iliya Pitalev; Ria Novosti

The BRICS group of nations could offer an alternative currency in the event of a collapse of the dollar and the international monetary system, according to Russia’s executive director at the International Monetary Fund, Alexey Mozhin."

Do you ever wonder why the Dollar Act (HR 556) is currently in the legislative books just in case the above does happen? See the link below.

© Goldilocks

BRICS should be ready for dollar collapse | AZERBAYCAN24 Congress

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Hong Kong: Introducing Spot Crypto Trading | Global Finance Magazine
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Iraq seeks more investors for mega rail project | Zawya

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Goldilocks' Comments and Global Economic News Saturday Evening 5-4-24

Goldilocks' Comments and Global Economic News Saturday Evening 5-4-24

Good Evening Dinar Recaps,

"The International Organization of Securities Commissions has also laid out its 18 recommendations for global rules on managing crypto and digital assets.

The World Economic Forum’s Pathways to the Regulation of Crypto-Assets details key regulatory developments over the past few years.

The Forum is actively working on the Digital Assets Regulatory (DAR) initiative, which analyzes outcomes of different national approaches to digital asset regulation."

Let's take this one step at a time my friends. I know so many have been hyped up by leaders pushing agendas that do not exist. When we look at the reality of what is taking place and slow down, we realize that nothing can stop what's happening because movement backward at this point is no longer an option.

Once our cryptocurrencies are fully regulated and become law, we still have Credit Valuation Adjustments that have to take place on the markets. You cannot pull these CVAs out of thin air.

These numbers come from live experiences formulating new correlations on the market based upon real demands and real supply numbers that have actual predetermined and defined actions that can be moved on the QFS.

Real World Assets based on real values in the new digital economy that are placed on Banking and Market protocols will give us standardized procedures giving us the same result Time after Time after Time.

This will eliminate room for error that has often been the place where currency manipulations have been abused. When the QFS is finished, those games are over.

Remember, the adoption of the new digital economy and their new pricing mechanisms will emerge first, I will try to update you as much as I can on these new shifts in our economy, but I am telling you they are coming fast.

We will go over the basics and overall picture in this room without going into details that oftentimes confuse many people. Let's leave the details to the technicians, and let us pray a word of gratitude for the work they are doing to change our world.

From what I can see, it is a change for the better in so many ways. We are living through a world in transition, and you may find yourself changing with it in ways you do not always notice.

If you are living in this day and age, you were meant to do so. Please take the time to understand the world you are living in going forward. It will keep you from being lost in a world that was meant and designed to provide you with a huge blessing.

Please be open to change, and even, changing your own preconceived ideas based upon previous knowledge that has either been changed or designed to misinform you.  European Sting

(https://www.weforum.org/publications/pathways-to-crypto-asset-regulation-a-global-approach/) 

Just know, that the road ahead was never promised to be an easy one, but it was meant to be worth it.

© Goldilocks

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URGENT NEWS Old News Yet Urgent CBI Meeting | Youtube

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Iraqi Ministry of Oil exports first shipment of Propane gas - Shafaq News

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Central Banks Buy Record Gold Bullion Tonnage Q1 2024 | Youtube

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Which Industries Lost Jobs, Which Gained Jobs: Longer-Term Employment Trends in Charts | Wolf Street

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The Institutions Are Coming: The Dawn Of A New Era At This Year’s MicroStrategy World — Bitcoin For Corporations Conference - Bitcoin Magazine 

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A floating rate is determined by the open market through supply and demand on global currency markets.

"Leveling the playing field" in all currencies does not mean they will all be the same price.

Therefore, if the demand for the currency is high, the value will increase. If demand is low, this will drive that currency price lower.    Investopedia

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Top 5 Precious Metals Companies of 2024 |  GoldiraHoldings
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TONIGHT on Saturday Night Live Call, Freedom Fighter and Jester will break down Goldilocks Posts from this past week.

9 pm EDT / 8 pm CDT / 6 pm PDT

JOIN the call HERE

Ask Questions to be answered on the call HERE starting at 8 pm ET.

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Goldilocks' Comments and Global Economic News Friday Evening 5-3-24

Goldilocks' Comments and Global Economic News Friday Evening 5-3-24

Good Evening Dinar Recaps,

From Iraq:

"...of floating to achieve a homogeneous equilibrium exchange rate..."

This article talks about utilizing supply and demand to create a higher exchange rate to meet the demands for their currency currently taking place.

The global standard for raising a currency's price is 3 months. Iraq has reached a higher level of money velocity for the last 16 months.

This is putting price pressure on their currency. Currently, they are seeking more bilateral contracts to secure a position that would allow them to change their monetary policy.

Currently, "The General Directorate for Industrial Development (GDID), part of the Iraqi Ministry of Industry and Minerals, has granted 219 preliminary licenses for new industrial projects."

An industrial project is an investment to create, expand, and develop facilities that will increase the production of goods and services in a country.   Mawazin News   Iraq Business News

© Goldilocks
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"New OTC Derivatives Reporting Regime Goes Live in the EU"

The European Market Infrastructure Regulation (EMIR) is an EU regulation programmed to reduce systemic counterparty and operational risk has gone live in Europe.

The Derivatives Market is now being required to be more transparent than ever before in the reporting of the assets they exchange between parties.

The OTC Derivatives Market does include foreign currency exchanges. Our exchanges will be more transparent going forward and much safer.  Mondo Visione   EY  
© Goldilocks

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MICA is currently giving us a digital framework by regulating current prices on the new digital economy. They are also securing our new digital economy as well as many other facets of the QFS.

It is a Government Intervention on assets across all sectors of the market. Below is a brief summary of the overall picture.

Some of our assets are overinflated while others are way undervalued such as foreign currencies in the eastern half of the world. Regulations will help level the playing field going forward.

Governments can regulate the price of assets such as fiat currencies through buying and selling actions (supply and demand) in international markets.

And, they can create regulations as we are seeing now to control excessive enthusiasm for an asset class that correlates with the cost of doing business.

Price controls keep assets from being pushed up in price through a group of people manipulating its price pressures through speculation.

The overall purpose of regulating the new digital economy will be to allow utility to drive the price through supply and demand bringing our assets into real values across every sector of the market.
Esma Europa   Investopedia

© Goldilocks
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We are beginning to see more projects coming into play that focus on the infrastructure needs of countries.  Base22

This will create sustainable financing for the new digital economy.

© Goldilocks

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New Challenges for the Bering Strait | USNI 

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"There’s so much going on in the international currency markets right now. I stopped riding the guru roller coaster a while ago because it’s just not healthy. But you have to be blind not to see what even the mainstream media is revealing about issues central to our speculation in currencies. We are close. But no one knows the day. So spend this time preparing yourself so that when you get to your appointments you are ready for them, and your life to follow. "  Bob Lock  Bob Lock Telegram room 

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Russia Finalizes Draft Law on Cryptocurrency Mining Regulation | Coin Market Cap

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FIA urges CFTC to regulate use cases rather than AI itself - FinanceFeeds

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Aif Regulations: Sebi allows AIFs to pledge shares in invested cos in infra sector |  ET BFSI

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What Is Infrastructure? | Youtube

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MESSAGE FROM SAM OLIVER ON GOLD IN PROCESS

LISTEN HERE:

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Gold paper & physical markets finally disconnect - here's why | Youtube

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100% CERTAIN: Huge Gold & Silver News from China & Russia - Simon Hunt | Youtube

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Project Raven, launched by the BIS Innovation Hub Nordic Centre, aims to create a new solution to help authorities comprehensively assess the cyber security and resilience maturity readiness of their countries' financial systems. | BIS

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Goldilocks' Comments and Global Economic News Thursday Evening 5-2-24

Goldilocks' Comments and Global Economic News Thursday Evening 5-2-24

Good Evening Dinar Recaps,

Advisor to the Prime Minister, Amer Al-Adad, confirmed that Al-Sudani succeeded in digital transfer in banks.

Al-Adad said, in a televised interview followed by Mawazine News, that “the Sudanese government is currently working on developing our proposal to form private “digital banks” that will do the work of government banks, in addition to many proposals to advance the Iraqi banking reality.”

He added, "The "knowledge economy" project developed by the government of Muhammad Shiaa Al-Sudani depends on information technology and cybersecurity, pointing out that government banks have problems in systems, governance, and human resources."

He pointed out that "the current government is working to train employees on the ASYCUDA system at the ports in order to increase the employees' expertise and ease of work, stressing that Sudanese has many reforms, including digital transformation in banks.     Search4Dinar

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Iraqi Banks go Digital:

"His advisor: Al-Sudani succeeded in digital transfer in banks"

This is really good news for our investment. The Iraqi banks are now capable of digital transfers. When Iraq regulates their digital economy after MICA is finished (5-28-24) and Stablecoins become law on June 30th, 2024, we will begin looking toward credit valuation adjustments across the globe.

The difference this time around is that Iraq will be included. We still have to see what that means when we get to Q3. There will be many assets being refactored into the new economy after these dates. Mawazine News

© Goldilocks

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“AI Day” Agenda Announced for May 2 CFTC Technology Advisory Committee Meeting | CFTC

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BRICS Announcement:

"According to Anatoly Aksakov, Chairman of the Russian State Duma Financial Market Committee, talks on how the new currency will work have started and an agreement may be reached by the end of this year."

The plan is for this currency to be supported by gold, various precious metals, and other assets.

The purpose is for the BRICS Nations to be able to trade with one another and no longer have to deal with US sanctions on their currencies.   VOI

© Goldilocks
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"The coming months will probably see financial institutions such as sovereign wealth funds, pension funds, and endowments start to trade in the spot ETFs, Mitchnick said in an interview."

Institutional money is beginning to trade within spot Bitcoin ETF. This will provide continuous liquidity and a use-case scenario for Bitcoin. The days of Bitcoin going to zero are fading away rapidly.

This will provide a use case scenario for Bitcoin and solidify a foundational framework for the new digital economy to expand from going forward.   CoinDesk   Investopedia

© Goldilocks
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Institutional money is beginning to come into the new Digital Economy.

© Goldilocks

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We are currently witnessing the beginning stages of institutional money providing liquidity for a new digital infrastructure.

At the same time, there is a move to provide a regulatory process for our new tokenized assets. The ability to pay for these new tokenized assets will come with the new Stablecoin law.

We are witnessing some of the final touches being placed on the new QFS.

© Goldilocks

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OKX Partners with Bitcoin Asia to Offer Bitcoin Ordinal Ticketing for Flagship Conference in Hong Kong | FinTech Futures

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Japan is one of the most active jurisdictions for tokenization and digital securities. Today the Tokyo Metropolitan Government announced a subsidy for security token issuances. | Ledger Insights
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The European Sting is Your democratic, independent, and top-quality political newspaper specialized in European Union News. Unique Features: iSting & Harry StingThe European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - European sting.comEU and Japan advance joint work on digital identity, semiconductors, artificial intelligence. European Sting

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EBRD launches new digital transformation facility with TEB loan | EBRD

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CNBC,

Stress Tests Reveal Hundreds of U.S. Banks at Risk Due to Loans and Rate Hikes Hundreds of small and regional banks in the U.S. are under financial stress, with 282 facing significant risks from commercial real estate loans and the effects of higher interest rates.

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Oh Deary, Where Did my Rate Cuts Go? Fed’s Wait-and-See Now Entrenched? And Suddenly Lots of Talk about “Rate Hikes” | Wolf Street

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Still, dozens of small banks merged into larger ones as lenders on both sides of deals pursued scale to better manage costs, diversify business lines and expand geographically. Banks announced 99 M&A transactions in 2023 , according to updated S&P Global Market Intelligence data.   Mar 15, 2024  |  American Banker

👆 Do you remember over 3 years ago when we first started our journey together talking about Bank Mergers, and how, we would see this near the end game?
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What happens when your banks are betting on your wealth? | Youtube

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Goldilocks' Comments and Global Economic News Thursday AM 5-2-24

Goldilocks' Comments and Global Economic News Thursday AM 5-2-24

Good Morning Dinar Recaps,

"CFTC Approves Final Rule Amending the Capital and Financial Reporting Requirements of Swap Dealers and Major Swap Participants"

The Commodities Futures and Trading Commission has been fast-tracking this rule through as of late. They even went so far as to do this Final Rule in-house to avoid it taking any longer than it had to take otherwise.

When it comes to money/foreign exchanges, everything is reported to Uncle Sam. This Final Rule for Swap Dealers to report Capital gains of Swap Dealers and Major Swap Participants is in the process of going inside the Federal Register.

The effective date of this rule that will enable us to exchange with Swap Dealers is 30 days from publication inside the Federal Register. This puts us close to the end of May when we will first be able to exchange if everything is completed by that time with "technological operability" and laws that govern the process of Foreign Currency Exchanges.   CFTC

© Goldilocks

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Pretty soon, you're going to hear me start talking about CBDCs. This does not mean that I am a fan of that particular coin, it's just the reality of where we are going. And, I am committed to letting you know exactly what is going on with the new digital economy.

Like it or not, CBDCs will be a part of it at the very least on the wholesale level. The retail level remains to be seen. If it does reach the retail level, it will have to meet new private policy laws.

That being said, I see the making of CBDCs on the retail level coming out years from now if at all. Cross your fingers and hope that Stablecoins are all we need.

© Goldilocks

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Fed Meeting Today: Interest Rates Decision Due; Watch Powell's Speech |  Barrons

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The Dow has lost 5.00% the last 4 weeks. It looks like we're going to lose some more ground going forward.

We talked about these adjustments taking place about a month ago. I shared with you that we had three to five weeks to go through a downturn inside the markets.

Hopefully, the bleeding will stop this week going into next week, but the fundamentals are not looking good.

The FOMC meeting is today. So far, I am hearing that a cautious approach may lead to no interest rate changes at best. The actions today will determine the reactions of traders moving forward on the market.

© Goldilocks

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Federal Register Announcement:

The Commodity Futures Trading Commission (Commission or CFTC) is amending its swap execution facility (SEF) regulations related to uncleared swap confirmations, and making associated technical and conforming changes. | Federal Register

👆  Goldilocks pointed to this article

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Foreign Currency Exchange Tax Issues | Small Business

If your company exchanges currency at a profit, it must pay tax on the gains it realizes from the transaction.

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If Treasury Bonds Hit 5%, You're Gonna See Some Serious Sh*t | Zero Hedge

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FOMC Press Conference May 1, 2024 | Youtube

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The Fed keeps rates on hold.
   - No interest rate changes at this time.

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Ripple XRP - IMF CONFIRMED MIND-BLOWING FOR XRP... Brad Garlinghouse (Best Crypto To Buy Now 2024) | Youtube

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Goldilocks' Comments and Global Economic News Tuesday Evening 4-30-24

Goldilocks' Comments and Global Economic News Tuesday Evening 4-30-24

Good Evening Dinar Recaps,

Department at the Central Bank of Iraq and the Association of Private Banks organized the activities of the Arab Financial Inclusion Week at Al-Muthanna University - College of Management and Economics, in cooperation with the International Labor Organization.

The events included a seminar to introduce financial inclusion, a lecture on electronic payment and digital inclusion, as well as various lectures on financial stability, financial education, and the green economy project, in addition to concessional financing services for young entrepreneurs and businessmen.

It is noteworthy that these activities come within the Financial Inclusion Week, which began on April 27 and continues until May 2, with the aim of enhancing financial awareness and promoting financial inclusion in Iraqi society.  https://cbi.iq/news/view/2560   Central Bank of Iraq   Information Office   30 - April - 2024

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Emerging Markets Banking Announcement:

Burke joins MarketAxess as Global head of Emerging Markets

29 April 2024

Dan Burke will be responsible for the development and execution of business strategy for the EM business in both hard currency and local markets.

MarketAxess Holdings Inc. (MarketAxess) is an international financial technology company that operates an electronic trading platform for the institutional credit markets,[2] and also provides market data and post-trade services.[3] It enables institutional investors and broker-dealers to trade credit instruments, including corporate bonds, and other types of fixed income products.[4]  Asset Servicing Times  Market   Axess   Wikipedia

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Crypto ETF Announcement:

Hong Kong begins trading ETFs tomorrow.

Bitcoin ETF and Ethereum ETF

They expect to have better trading volumes than the US on the first day.

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"FIATA International Federation of Freight Forwarders Associations announces the release of the Key Trade Documents and Data Elements (KTDDE) report, by the International Chamber of Commerce Digital Standards Initiative (ICC DSI), to which FIATA was a key contributor."

Freight Forwarders are intermediaries between companies who make products and the final destination for those goods. Freight Forwarders direct various transport options such as sea/ocean freight, rail freight, road transport, and air freight shipment.

We learned yesterday that the digital standardization of what we are talking about in this brief article has been completed. Today we learn, there are 36 key trade documents that are needed to be standardized inside the international trade ecosystem.

This includes the cross-border paperless trade tool kit. It is a tool kit providing information for the World Trade Organization and the United Nations Commission on International Trade Law.

This gives the World Trade Organization who is currently deciding weighted percentages on trade values for the Global Nation. This information will go a long way in determining exchange rates for countries around the world.

Digitizing and Standardizing the new Global Trading mechanisms for the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) will go a long way in leveling the playing field for Global trade.   AJOT   DVS   Tax - Thomson Reuters

WATCH THE WATER.

© Goldilocks

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"As China's big banks pull back from financing Russia-related transactions, some Chinese companies are turning to small banks on the border and underground financing channels such as money brokers - even banned cryptocurrency - the sources told Reuters."

In order to keep some of China's very profitable institutions afloat. China and Russia are going underground with Brokers and small banks near the border utilizing digital payments as their source.

Crypto payment exchange is part of this new shift in trade with Russia and China because of the sanctions that are being placed on Russia by the US.

This is only driving the push toward a new digital economy forward at a rapid pace. These new avenues of payment sources are giving more reasons for China and Russia to de-dollarize their financial system and move toward a Level Playing Field in trade with each other.  TBS News

© Goldilocks

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Mass adoption for the XRP Ledger has begun in Japan. This move will give Japan much more breathing room for the Yen.

XRP will provide a liquidity source that can replace the dollar in currency exchange for that country going forward and others who trade with them using the new digital asset-based trading system.

A move like this will give them less reliance on Swift and more reliance on The XRP Ledger and XRP Stablecoin to move their money digitally.

Now, we can expect the dedollarization process to speed up in Japan as they begin the process of selling their dollars for gold.  Coin Telegraph

© Goldilocks

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LONDON (Reuters) - "Regulators must equip themselves with tools such as "bail-in" bonds to deal quickly with a failed clearing house for stocks, bonds or derivatives without having to call on taxpayers for cash, the G20's risk watchdog said on Thursday."

We have never seen this in our lifetime. The danger of Clearing Houses, those who move our money, failing to do so because of a lack of money on both sides of a trade.

And, we are being told that it will not be taxpayers that make up the difference in these losses, even though, inflation is a form of tax that has been confiscated from people around the world to probably make up the difference in these losses.   😉

Ripple and Ripple Ledger is beginning to be activated in some major countries at this time that will move some of these Clearing House transactions to The XRP Ledger.

This is why we will see challenges in the movement of money for a period of time as Clearing Houses transition some of the movement of money into Wire (Digital) Houses going forward. Finance Yahoo Investopedia

© Goldilocks

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Electronic Transfer Vs Wire Transfer: How They Work | Stax Payments

We are transitioning from the movement of money through wirehouses to electronic transmissions of money.

This is where the new digital economy will be taking over the traditional ways of moving money.

Electronic movement of money is far more efficient and faster than traditional modalities.

Part of the transition into this new transmission of money will create some backup logs in the old system.

My understanding is the QFS has been running side by side with the old system to coordinate and catch the inevitable snags that may come our way.

© Goldilocks

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French Hill, a prominent Republican member of the US Financial Services Commission, has expressed his willingness to support combined legislation linking cannabis banking to stablecoin regulation, pending negotiations. | Cryptodnes

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New Research from Material and NewtonX Reveals Shifts in Digital Ad Spending and Social Media Strategies

New insights show how advertisers and agencies are succeeding and spending in an era of advertising targeting, social media and AI    BusinessWire

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Dollar Dominance: America's Power Pivot | Youtube

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Russia gives mixed signals about common BRICS digital currency - Ledger Insights - blockchain for enterprise

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Bank of Japan launches CBDC API Sandbox, publishes digital yen report - Ledger Insights - blockchain for enterprise

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URGENT & BREAKING NEWS Iraq Vietnam  How to Buy ZiG Zimbabwe | Youtube

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Distributed Ledger Technology (DLT) Explained | Youtube

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Ripple and Hashkey DX Partner to Boost Blockchain Supply Chain Solutions in Japan – News Bytes Bitcoin News

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Uphold Fees & Limits | Uphold Help Center

Hi yeah I know it is sad ,

We wanted to let you know that we’ve increased the deposit and withdrawal limits that apply to your Uphold Wallet.

Don’t worry, there’s nothing for you to do. Please see the changes below:

Deposits (Daily and monthly limits have been removed)

ACH Micro-deposits:
Weekly deposit limit: $2,000 
Limit per deposit: Increased from $500 to $2,000

ACH Plaid:
Weekly deposit limit: $10,000 
Limit per deposit: Increased from $500 to $10,000

Cards/APMs:
Maximum limit per deposit: $15,000
Weekly limit: $15,000

Withdrawals (Monthly limits have been removed)

ACH Plaid & ACH Micro-deposits
Daily withdrawal limit: Increased from $10,000 to $25,000

Debit Cards:
Weekly withdrawal limit: $5,000 
For more details, please refer to our FAQs.

Thank you,   Team Uphold

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👆Something has changed...

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Why Do Banks Have Limits and Holds? - Grasshopper

These regulations not only help to keep the bank financially safe but protect you as well. For example, if you were to experience fraud, withdrawal limits are in place to prevent hackers from being able to remove all the funds from your account. 

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This is just a speculation and don't hold me to it, but I suspect new regulation security measures have just been placed on the QFS to allow such freedoms.

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Stellar Development Foundation Quarterly Review: Q1 2024 | Youtube

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Settling the Gold Versus Crypto Debate

Settling the Gold Versus Crypto Debate

Notes From The Field by James Hickman  April 24, 2024

In 1972, while excavating to build a factory on the Black Sea coast of Bulgaria, a backhoe operator noticed gold objects glimmering in the bucket of his machine.

The construction worker had accidentally discovered the Varna Necropolis.

Dating back to around 4500 BC, the jewelry found in this ancient burial site is the earliest evidence of the use of gold by humans, and archeologists believe that they were considered a status symbol in ancient burial rituals.

Thousands of years ago, gold was likely collected from the earth’s surface in the form of nuggets or river dust.

It wasn’t until about 3500 BC, on a hilltop located in the modern-day country of Georgia, that a group of people from the prehistoric Kura-Araxes dug the oldest known gold mine.

Known as Sakdrisi-Kachagiani, the gold mine predates Ancient Egypt and even Mesopotamia.

By around 2000 BC, commercial transactions involving gold were being recorded on cuneiform tablets in modern-day Turkey. Materials like tin and textiles were traded for a particular weight of gold, because the first known gold coins weren’t minted until around the 6th Century BC.

King Croesus of Lydia in modern-day Turkey, used these coins to standardize the weight and purity of gold.

After that, gold coins were used directly in commerce for thousands of years, until the United Kingdom formally adopted the gold standard in the early 1800s. This was the first monetary system where a country’s paper money had a value directly linked to gold.

And even today, over 50 years since the US abandoned its own gold standard, central banks around the world still hold vast quantities of gold as a reserve to store value.

Individuals and large financial institutions do the same. And gold jewelry is still extremely valuable.

That’s quite a track record. For over 6,000 years, humans have valued gold.

Fifteen years ago, Bitcoin was created. And today there are countless millions of people who believe crypto has value too.

Now, gold and crypto are completely different and seldom belong in the same sentence. But for some reason there are often heated debates between proponents of each who argue bitterly over whether Gold or crypto is better.

No other asset classes attract such conflict or controversy. You don’t see passionate oil investors engaging in riotous debates with natural gas speculators. There is no heated argument over wheat vs. soybeans.

But gold and crypto are sometimes positioned as diametrically opposed, and this is just silly. Each asset has its function.

Gold has an enormous amount of value— and I have actually argued that it is still undervalued, even at its all-time high.

I’ve written extensively about the US government’s financial woes; the national debt is closing in on $35 trillion, and that figure is set to grow by $20+ trillion over the next decade according to the government’s own financial forecasts.

In addition to the new debt, the amount of debt the US government has to refinance over the next 5-7 years is staggering— literally tens of trillions of dollars. And all of it will be refinanced at a higher interest rate.

This means that interest payments on the national debt will keep growing like a malignant tumor.

In fact this year the amount of interest paid on the national debt will exceed defense spending for the first time in US history. And it will only keep rising.

Gold will most likely do very well in that scenario. But more importantly, foreign governments will likely move away from the US dollar as the global reserve currency over the next 5-10 years… and gold is the most likely asset to replace the dollar.

Central banks are already buying more gold as a reserve. And when the dollar loses its dominant global reserve status, countries are likely to turn to gold as a stable alternative that they can trust… because they already own it.

Simultaneously, crypto also has a lot of benefits. If you hold 100% of your savings in the financial system— whether at a bank, brokerage, etc., you might be surprised to find how easily it is to lose access to your funds.

Government agencies can seize your account (without due process) even by mistake. Banks can fail. They can freeze your account and force you to prove that you’re not doing anything wrong.

Plus even the most mundane bank transfers these days are heavily scrutinized. I had an exasperating conversation with a bank not long ago when I tried to send money to my sister… and they required all sorts of paperwork and justification to send my own money to my family.

Crypto is a great way to bypass that mess… to simply send money from point A to point B directly, without any middleman whatsoever.

Crypto exists digitally, so it can be moved across borders easily and at no cost. And if you know what you’re doing, you can hold it yourself, without any third party or even special security equipment… and this is an incredibly unique feature.

The idea behind a Plan B is to figure out what you want to accomplish and figure out which tools are available to help you achieve your goals.

Well, it’s a pretty smart goal to want to have protection against the declining currency of the world’s most heavily indebted nation. It’s also a reasonable goal to want to own some assets that are completely beyond the financial system.

Crypto and gold are two completely separate tools for completely separate purposes. There’s no sense in debating crypto vs. gold. To me the answer is both.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/settling-the-gold-versus-crypto-debate-150734/

Goldilocks' Comments and Global Economic News Monday Evening 4-29-24

Goldilocks' Comments and Global Economic News Monday Evening 4-29-24

Good Evening Dinar Recaps,

How EU’s ‘complete mess’ on stablecoin regulation risks delistings with MiCA deadline approaching

"Experts worry that the regulations are so onerous and confusing that they will drive out some stablecoins starting on June 30 when the laws kick in."

On June 30th, 2024, Stablecoins and Cryptocurrency Regulations will become law. At that time, we will have a digital economy capable of running the banking system and the markets.

This is when we are going to see utility drive the new digital market in these new digital assets. It will move the prices of these assets into real values.

Market values will move to fundamental correlations based upon supply and demand bringing in new prices on every sector of the market. This includes the Forex Market where Stablecoins will represent them.

At that time, credit valuation adjustments will begin the process of floating values up or resetting their values entirely.   | CoinStats

© Goldilocks
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"A Treasury buyback is a purchase of United States Treasury debt by the Treasury and subsequent cancellation of that debt."

My understanding is that the United States is buying back its own debt from bonds that have been on the books for a long time. It could move to some of the short-term debts if needed.

These Treasury Bonds can provide liquidity due to the fact they are bought and sold in a pre-sale event of their maturity date canceling that debt instrument and providing liquidity for the markets.

This move will help manage debt objectives by holding the US dollar at a stable rate to prevent trade deficits taking place with the exchange rate of the dollar among other countries.

This is a form of currency intervention for the US dollar to keep it at a stable foreign exchange rate. This is happening because many countries are beginning to sell their dollars for their own currencies, but this is a temporary fix.

The inevitable is happening my friends, and moves like this give us an idea that a Level Playing Field in currency markets are growing close to a Global Currency Reset.  Morning Star   TreasuryDirect

Watch the water.

© Goldilocks

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"Zimbabwe bid farewell to its old Zimbabwean dollar notes on Friday, marking the transition to the new gold-backed Zimbabwe Gold (ZiG) currency."

This is the first day that Zimbabwe is using their new gold-backed currency. This will shift their monetary policies.

No references have been made that they are backing their bonds by gold at this time. More on this at the end of the article...

Their trading mechanisms will shift into free trade agreements between countries. Supply and demand trades will do away with tariffs and put the countries they trade with on a Level Playing Field.

Using gold as a means of exchange for equal value trades, rather than, uneven weighted values through tariffs will make their trading partnerships far more appealing going forward.

Special note: All we have been told is that their currencies are being backed by gold, but we have heard nothing about gold backing their bonds or historical bonds yet.  ReportFocusNews  C Bonds

Watch the water.

© Goldilocks

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BRICS Eye Stablecoin Launch To Reduce The Influence Of The US Dollar — Will Ripple's XRP Be Utilized? ⋆ ZyCrypto

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De-dollarisation gains traction among Brics | Khaleej Times

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BRICS makes headlines with new expansions – Here’s where and who |  Cryptopolitan

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Austin, Texas-based start-up Episode Six is banking on Hong Kong demand for virtual payments, SME lending | SCMP

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International Trade Announcement:

"The International Chamber of Commerce’s Digital Standards Initiative (DSI) has completed the mammoth task of attempting to find common digital data standards for a raft of widely used trade documents."

The Digital Standards Initiative (DSI) is the International Governance Board that is currently setting standards for international trading relationships around the world.

They are telling us they have completed this all-encompassing set of Global Standards. This will be applied to their new digital bills of lading that will determine new price correlations on cargo ships moving products around the world.

These new price correlations will be tokenized assets that hold a weight of gold in their determining price for movement.

Credit Valuation Adjustments are now becoming possible in 80% of our trades around the world that determines, through supply and demand, new exchange rates that will be forthcoming. GT Review   Investopedia    PackageX

WATCH THE WATER.

© Goldilocks
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The Iraqi Dinar | Youtube

👆  Goldilocks pointed to this article

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Printing error makes $1 banknotes worth $150,000 each — check yours | The News

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Here’s How EU Nations Are Preparing to Enforce MiCA | Coin Desk

European Union member states are gearing up to enforce MiCA, the landmark crypto law that requires national regulators to license and supervise service providers.

MiCA is an EU-level regulation but nations can implement slightly different technical standards, which crypto firms should follow closely, policy watchers say.

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Goldilocks' Comments and Global Economic News Sunday Evening 4-28-24

Goldilocks' Comments and Global Economic News Sunday Evening 4-28-24

Good Evening Dinar Recaps,

Evidence Suggests Stablecoins Are Emerging as a Worldwide Asset Class | Globe Echo 

Stablecoin adoption is rapidly increasing, with research firm rwa.xyz reporting a 15% increase in the number of addresses holding both dollar and crypto-pegged stablecoins in 2024. Chainalysis also found that stablecoins are becoming more prominent in overall on-chain transaction activity, with increasing importance in various nations and regions.

Stablecoins, cryptocurrencies with values pegged to an external reference like the U.S. dollar, have represented over half of all on-chain transaction volume, highlighting their growing importance in the cryptocurrency market.

The adoption of stablecoins is being propelled by their ability to provide anyone with an internet connection access to the U.S. dollar, unlocking new pathways for financial inclusion. The U.S. leads in stablecoin purchases, but global demand is high, with over $40 billion purchased in March alone across diverse nations and regions.

 Stablecoins are serving as a critical bridge between traditional finance and cryptocurrency, with the stablecoin market currently valued at around $150 billion and expected to exceed $2.8 trillion by 2028.

The stablecoin market has become more competitive, with Ripple announcing plans to launch a USD-backed stablecoin on the XRP Ledger. This move is expected to generate more use cases, liquidity, and opportunities for developers, as well as provide additional crypto liquidity to service cross-border payments demand.

Stablecoins like PYUSD and Tether are being used for cross-border payments, remittances, and facilitating transactions in regions such as Latin America and the Caribbean, promoting dollar dominance and increasing access to U.S. dollars.

The growing demand for stablecoins has prompted lawmakers to focus on stablecoin legislation, with proposed regulatory frameworks aimed at maintaining the U.S. dollar’s dominance, promoting responsible innovation, protecting consumers, and combating money laundering and illicit finance. Legislation such as The Lummis-Gillibrand Payment Stablecoin Act seeks to establish a regulatory framework for payment stablecoins, requiring issuers to maintain one-to-one reserves and prohibiting unbacked, algorithmic stablecoins.

 This legislation, if passed, could accelerate institutional blockchain innovation and drive stablecoin adoption.

Despite the potential impact of stablecoin legislation on adoption, experts believe that stablecoins will continue to rise as a global asset regardless of regulations. Stablecoins provide a crucial solution for individuals in countries facing currency volatility, offering stability and facilitating commerce.

While regulations may provide more comfort for institutions using stablecoins and potentially bring banks into the stablecoin market, stablecoins have already surpassed all other types of cryptocurrencies in usage and represent over half of all transaction volume in recent months.

Overall, the adoption of stablecoins is on the rise globally, driven by their ability to provide access to the U.S. dollar, promote financial inclusion, and facilitate cross-border payments. Stablecoins are becoming increasingly important in the cryptocurrency market, with their market value expected to grow significantly in the coming years.

While stablecoin legislation may influence adoption in certain regions, experts believe that stablecoins will continue to play a crucial role in the cryptocurrency ecosystem and serve as a bridge between traditional finance and digital assets.
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How China is fueling gold’s record rally with unrelenting demand, Central Bank’s buying spree | Upstox

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Vietnam expected to become e-commerce powerhouse in Southeast Asia | Nhan Dan Online

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A SHORT STORY ABOUT TRUTH - an inspirational video | Youtube

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TRANSFORMING "E-COMMERCE with #tokenization | Twitter

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The Central Bank of Iraq's $600 Million Troubles IQD VND Rates & News | Youtube

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Goldilocks' Comments and Global Economic News Saturday Evening 4-27-24

Goldilocks' Comments and Global Economic News Saturday Evening 4-27-24

Good Evening Dinar Recaps,

CFTC to Hold a Commission Open Meeting April 29. On April 22, Chairman Rostin Behnam announced the Commission will hold an open meeting on Monday, April 29 at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters. The Commission will consider Final Rule “Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants” and Final Rule “Adopting Amendments to the Large Trader Reporting Rules for Futures and Options.”

👆The above meeting has been canceled, and the CFTC has decided to speed up the process in moving this through the system inside a  Commission’s seriatim process.

The Commission's seriatim process is the process by which the Commission takes collective action without convening a meeting of the Commissioners.

So, the capital and reporting requirements for swap dealers and participants along with adopting amendments to the large trader reporting rules for Futures and Options have been moved to the Final Rule.

Final Rule is the implementation phase of the legislative process, so it doesn't look like we're going to wait until May 13th for this to move into the implementation stage.  CFTC  Gibson Dunn   SEC

Yes, this is regarding our ability to exchange Foreign Currency.

© Goldilocks
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"Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments."

National Bank of Iraq and Temenos have partnered together to transition the Iraqi Banks from Legacy Systems to a Unified Core Banking and Payments Platform.

Core Banking is the back-end processing of transactions including deposits, loans, and credit processing.

This integration will streamline operations and accelerate product development for customers across the Capital Bank Group. The Capital Bank Group globally connects Iraqi banking systems.

Temenos digital products are adaptable and scalable that will allow them to work inside an Open Banking System. This new upgrade will allow Iraq to trade with Global Financial Institutions around the world.   Fintech Global   HCL Tech    Temenos

© Goldilocks
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When Gold & Commodities Explode, Currencies Implode w/ Bill Holter | Youtube

When gold and other commodities explode to the upside, currencies begin to collapse within themselves.

This is when credit valuations begin to be measured and implemented based on new price patterns developing on the market. It is a result of old calculations and correlations falling apart.

Here, we will see currency interventions take place after the de-dollarization process provides a bridge to the new digital gold standard economy.

© Goldilocks
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The Federal Deposit Insurance Corporation on Friday said that Republic First Bank has been closed by Pennsylvania state regulators, in what the FDIC said was the first US bank failure this year. | CNN

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Air Zimbabwe Embraces ZiG Currency | Pindula

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House and Senate race to approve stablecoin legislation as interest rises | Kitco   

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Chinese Investment Gold Demand Soars - Numismatic News

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HKMA Proposes Revisions to E-banking Risk Management Requirements | РИСК-АКАДЕМИЯ - АНО ДПО ИСАР |  Regulation Asia

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WASHINGTON — The G7 Cyber Expert Group completed a cross-border coordination exercise on 17 April 2024. G7 authorities routinely exercise to ensure they can effectively coordinate and communicate their response in the event of a widespread cyber incident affecting the financial system. | Treasury Press Release

👆  Goldilocks pointed to this article
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Spot Crypto ETFs Set To Begin Trading in Hong Kong Next Week: Report | Daily Hodl

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4/27/2024 MissiOkie's husband Charlie passed. He was in peace and so is MissiOkie. Please pray for MissiOkie and the family. God Bless

MissiOkie is the Seeds of Wisdom Team Coordinator!
Seeds of Wisdom Team Prayer Room Link 

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Basel Committee on Banking Supervision Announcement:

"BCBS will also publish new proposed guidelines for banks in the coming week on counterparty credit risk management."   Capital

😔 More on this tomorrow...

© Goldilocks
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The IMF's Warning to the United States- How US Overspending Affects Gold & Crypto  | Youtube

👆 Do you see how inflation is pushing people like you and me into gold and crypto adoption?

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👆 more on this tomorrow ...

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Taxing Unrealized Gains Would Obliterate The U.S. Economy | ZeroHedge

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Franklin Templeton launches Ethereum ETF, listed on DTCC | CoinTelegraph

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DTCC rules out collateral for Bitcoin-linked ETFs | CoinTelegraph

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Follow Goldilocks' Roadmap

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