DINARRECAPS8 6/12/24 DINARRECAPS8 6/12/24

Goldilocks' Comments and Global Economic News Wednesday Afternoon 6-12-24

Good evening Dinar Recaps,

"BASEL COMMITTEE MUST STOP GLOBAL BANKS FROM CONTINUING TO CHEAT ON KEY REGULATORY TESTS AND ENDANGERING FINANCIAL STABILITY" | BetterMarkets

These tests include examinations of the bank's capital adequacy, asset quality, management, earnings, liquidity, and sensitivity to systemic risk.

The above sentence is otherwise known as stress tests. A stress test determines how well a bank is capable of handling a liquidity crisis.

The OCC and FDIC conduct several tests to measure a bank's capacity to withstand transitional periods like we are in at the present time.

DINARRECAPS8 6/11/24 DINARRECAPS8 6/11/24

Goldilocks' Comments and Global Economic News Tuesday Evening 6-11-24

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"Project mBridge continues its development and has reached the minimum viable product (MVP) stage, while broadening its international reach."

This project has reached its minimum requirements that will allow it to work with early adopters on this Digital Ledger Technology enabling instant payments through cross-border International (CBDC) trades. This system will allow foreign currency exchanges through local currencies.

There are now over 26 observing members and Saudi Arabia has just recently joined as a full participant. This DLT will allow payments to be settled in local currencies of those who are early adopters of this new digital payment system.

DINARRECAPS8 6/10/24 DINARRECAPS8 6/10/24

Goldilocks' Comments and Global Economic News Monday Afternoon 6-10-24

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"Core Banking Systems Market Now Well-Established, Cloud Infrastucture to Drive Innovation – Report" | Crowdfund Insider

Cloud banking infrastructure allows financial institutions to deliver banking services and operations through the internet on-demand.

On Demand Banking allows you to deposit to and withdraw funds immediately and whenever you want.

This electronic digital banking model provides access to computing resources like servers, data storage, and applications.

DINARRECAPS8 6/9/24 DINARRECAPS8 6/9/24

Goldilocks' Comments and Global Economic News Sunday Evening 6-9-24

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Saudi Arabia joins BIS- and China-led central bank digital currency project | Reuters

Today, we are witnessing a 100-year cycle/bubble in the markets and a 50-year pact going away with Saudi Arabia moving from the Petro Dollar to trading in local currencies.

I wouldn't expect too much of a shift the next 2 to 3 days on the Dollar, but the weeks ahead will have a significant toll on the Dollar going forward.

This shift in the Global Economy will begin the process of "leveling the playing field" and reset new demands on currencies that have not been utilized in trade for a long time.

All of this is coming at a very pivotal time. As we shift our attention from the Petrol Dollar to Stablecoins that represent our local currencies in trade among nations, these new demands will increase money velocity that will raise the value of currencies around the world.

DINARRECAPS8 6/8/24 DINARRECAPS8 6/8/24

Goldilocks' Comments and Global Economic News Saturday Afternoon 6-8-24

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Stablecoin News:

"Three Stablecoin startups are announcing funding rounds: Mountain Protocol, M^0 and Tether-backed XREX. Additionally, Paxos announced a yield earning stablecoin in Dubai, and Franklin Templeton said it would allow investors to use USDC to buy its tokenized money market fund FOBXX."

It looks like more asset managers are beginning to issue more Stablecoins. The momentum in Stablecoin production and soon to be used is an indication of where we are in the process of implementing this QFS.

There would be no reason to manufacture digital currencies that pay for tokenized assets unless there was a reason to do so. As we edge closer to the end of this month and laws go into play to govern our new QFS, "liquidity" is being built for its implementation.

DINARRECAPS8 6/7/24 DINARRECAPS8 6/7/24

Goldilocks' Comments and Global Economic News Friday Evening 6-7-24

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Family Office Update: Exchange Act Form 13F – New Requirements Effective July 1, 2024

In a nutshell, Section 13(f) requires any “institutional investment manager” that exercises investment discretion over the accounts of any other person holding “section 13(f) securities”3 with an aggregate fair market value of at least US$100 million to make certain periodic filings with the Securities and Exchange Commission (SEC) on Form 13F. Section 13(f) applies to all “institutional investment managers,” regardless of whether they are registered as investment advisers under the Advisers Act.

Therefore, a family office, even if it is not required to register under the Advisers Act, may nevertheless be an “institutional investment manager” for purposes of Section 13(f), and therefore be required to make filings on Form 13F.

Reporting obligation that will become effective on July 1, 2024. Each Form 13F filer will now be required to make an annual filing on Form N-PX to disclose its votes on any pay-related proposals presented to stockholders by the public companies in its investment portfolio.

DINARRECAPS8 6/6/24 DINARRECAPS8 6/6/24

Goldilocks' Comments and Global Economic News Thursday Afternoon 6-6-24

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Digital Currency Project Announcement: Saudi Arabia joins China and UAE in digital currency project. The kingdom is joining the Switzerland-based Bank for International Settlements' central bank digital currency platform."

Saudi Arabia is the latest country to join this multi-country initiative utilizing wCBDC as a form of payment.

This announcement came on Wednesday as Saudi Arabia joined Project mBridge as a “full participant.” This means that Saudi Arabia will be moving to a wCBDC payment regimen joining many countries in the Eastern half of our world in payments through local currencies.

This will significantly minimize the use of the Petro Dollar if not completely over time. Currently, Saudi Arabia still services the United States along with China who uses the Petro Yuan to trade in oil agreements.

DINARRECAPS8 6/5/24 DINARRECAPS8 6/5/24

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

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NEW YORK, N.Y. — "The Commodity Futures Trading Commission’s Global Markets Advisory Committee (GMAC), sponsored by CFTC Commissioner Caroline D. Pham, advanced two recommendations to examine the impacts of proposed U.S. bank capital requirements and to improve collateral and liquidity management for non-centrally cleared derivatives." | CFTC

Recommendations: 1. Global Market Structure Subcommittee Recommendation – "Report on the Impact of the US Bank Capital Proposals on End-Users that Rely on Cleared Derivatives Markets"

This first recommendation deals with Capital Requirements and corresponding collateral that is put up to ensure that both sides of a trade moves through the system. In many cases, this will represent gold for large transactions inside of large foreign currency exchanges.

The London Clearing House and the Chicago Mercantile Exchange are two examples of Clearing Houses that will process our transactions.

DINARRECAPS8 6/4/24 DINARRECAPS8 6/4/24

Goldilocks' Comments and Global Economic News Tuesday Afternoon 6-4-24

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"The State Bank of Vietnam (SBV) started selling gold directly to four state-owned commercial banks today (June 3), aiming to lower the metal’s domestic price. The institutions will then sell the gold bars to the public."

This new monetary policy shift will continue as Vietnam attempts to narrow the difference between the domestic and global gold bar prices per SBV officials. It is an attempt to revalue gold through resetting its price.

This diversifies their people's portfolio, and it gives the banking system a broader strength to their accounts. In return, it gives the SBV an opportunity expand their net worth and give out loans.

Vietnam has been accumulating gold in order to join the BRICS Nations. One of the requirements is that they do accumulate gold to support their banking system.

DINARRECAPS8 6/3/24 DINARRECAPS8 6/3/24

Goldilocks' Comments and Global Economic News Monday Afternoon 6-3-24

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Qatar Central Bank Announcement | QNA

Doha, June 02 (QNA) - "Qatar Central Bank (QCB) announced on Sunday the completion of the development of the infrastructure for the Central Bank Digital Currency Project (CBDC)."

Now, they are able to settle their digital payments in local and International Banks. They will be testing more applications going forward, and they will be able to settle in large quantities as well.

Currently, they are in their experimental phase that is expected to last until October this year. It will encompass various tokenized assets in the market and portfolios inside the banking system. QNA

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DINARRECAPS8 6/3/24 DINARRECAPS8 6/3/24

Gold Will Soon Displace The US Dollar, And Americans Are Missing Out

Notes From the Field By James Hickman (Simon Black) June 3 2024

Next month will mark 80 years since the US dollar was formally anointed as the world’s reserve currency.

It was July 1944. And with the war in Europe near its denouement, governments were already trying to plan what the postwar world would look like. Most urgently, they needed to figure out how to rebuild their devastated economies.

Just think about the mess they were in: nearly every industrialized country in Europe had been destroyed by war. Manufacturing and farming were both in the dumps, and they had very little savings to invest in economic revival.

They also had a gigantic mess when it came to international trade. Dozens of countries each had their own currencies, so commercial trade meant each government keeping 20-30 currencies in reserve.

France, for example, would have to hold Austrian schillings, British pounds, Spanish pesetas, Italian lira, Dutch guilders, Soviet rubles, etc. in reserve, just to be able to trade.

DINARRECAPS8 6/2/24 DINARRECAPS8 6/2/24

Goldilocks' Comments and Global Economic News Sunday Evening 6-2-24

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"This joint proposal from the Bank of England and the Financial Conduct Authority (together, “the UK regulators”) for a digital securities sandbox (“DSS”) reflects a commendable commitment to incorporating innovation into the financial system."

A letter was sent to the Digital Securities Sandbox joint Bank of England and Financial Conduct Authority regarding this consultation paper.

If all goes well in this pilot phase / sandbox movement forward, all would commence so long as the United States doesn't have anything further to add from the new Markets in Crypto Assets (MICA) regulations.

DINARRECAPS8 6/1/24 DINARRECAPS8 6/1/24

Goldilocks' Comments and Global Economic News Saturday Afternoon 6-1-24

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"Liquidity in U.S. financial markets is starting to dry up, which could it make it difficult for stocks and other risky assets to advance from here, according to analysts at JPMorgan."

This has been going on since the end of March 2024. If you remember, this was the time banks were no longer going to receive free liquidity going forward. 👇

"The Federal Reserve Board announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions."

This lack of liquidity has reached its tipping point. And now, we have reached a contracting phase in the markets. It appears that old money has reached its limits.