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

Good evening Dinar Recaps,

CFTC Announcement:

"Washington, D.C. — The Commodity Futures Trading Commission Open Meeting scheduled for Monday, June 24, 2024, has been cancelled. The matters under consideration have been completed through the Commission’s seriatim process."

Let's take a close look at what has been completed.

* "Final capital and financial reporting comparability determinations and orders for certain nonbank swap dealers domiciled in Japan, Mexico, the European Union (limited to France and Germany), and the United Kingdom

* Applications of ForecastEx LLC for Registration as a Derivatives Clearing Organization and a Designated Contract Market"

Goldilocks' Comments and Global Economic News Sunday Afternoon 6-23-24

Good Evening Dinar Recaps,

From Last Night:

China has been selling their US Treasury Bonds and buying gold to create a diverse net worth of their holdings in gold. It has allowed them to decouple their economy from the dollar and begin a Treasury Bond Market of their own.      

As of May 2024, gold makes up 4.9% of China's foreign exchange reserves. Central Banks have been buying gold at record rates around the world to achieve their Independence and Sovereignty.

The bond market plays an important role in the valuation of financial assets. The utilization of this financial tool will aid the countries who have moved through their Article 4 consultations with the IMF to achieve financial clarity and direction.

Goldilocks' Comments and Global Economic News Friday Afternoon 6-21-24

Good Afternoon Dinar Recaps,

"Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington's debt management grow.

* Stablecoin issuers are the world's 18th biggest holders of U.S. debt.

* Of the many crypto bills in the U.S. political corridors, stablecoin legislation has been the closest to moving past the U.S. Congress to become law.

Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington's debt management grow."

Goldilocks' Comments and Global Economic News Thursday Afternoon 6-20-24

Good Morning Dinar Recaps,

"Almost two-thirds of countries in the Middle East and Central Asia are exploring adopting a central bank digital currency as a way to promote financial inclusion and improve the efficiency of cross-border payments.

Adopting a CBDC, however, requires careful consideration. Countries across these regions, spanning a diverse group of economies stretching from Morocco and Egypt to Pakistan and Kazakhstan, each must weigh their own unique set of circumstances.

Goldilocks' Comments and Global Economic News Wednesday Afternoon 6-19-24

Good Afternoon Dinar Recaps,

Vietnam transitions to a cashless society

Visa’s Consumer Payment Attitudes Study 2023 indicates a significant rise in cashless payments, especially mobile wallet transactions, among Vietnam’s merchants.

A remarkable 79% of food and dining establishments and 74% of retailers and convenience stores now accept cashless payments.

Meanwhile, Visa’s Asia Pacific Small and Medium-sized Business (SMB) Research 2023 further indicates that over 40% of SMBs in Vietnam now accept card payments, acknowledging their critical role in business operations.

Goldilocks' Comments and Global Economic News Wednesday AM 6-19-24

Good Morning Dinar Recaps,

Putin visits Vietnam. Why? “The main issues relate to shoring up economic and commercial ties, including arms sales.”

Putin and 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 and services.

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

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

Goldilocks' Comments and Global Economic News Tuesday Evening 6-18-24

Good Evening Dinar Recaps,

The New International Valuation Standards (IVS) will become effective January 31st, 2025.

The latest version includes new chapters on: *

Data & Inputs, * Documentation, * Financial Instruments.

"The International Valuation Standards (IVS) are a framework used by valuation professionals in over 100 countries to ensure consistency, transparency, and confidence in valuations."

The most significant changes will result in Data Models and Money Flow by which these new mechanisms will move payments through new Digital Networks.

Goldilocks' Comments and Global Economic News Tuesday AM 6-18-24

Good Morning Dinar Recaps,

Washington, D.C. — Commodity Futures Trading Commission Chairman Rostin Behnam today announced the Commission will hold an open meeting on Monday, June 24 at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters.

Members of the public can attend the meeting in person, listen by phone, or view a live stream at CFTC.gov.

The Commission will consider the following: Final capital and financial reporting comparability determinations and orders for certain nonbank swap dealers domiciled in Japan, Mexico, the European Union (limited to France and Germany), and the United Kingdom

Goldilocks' Comments and Global Economic News Monday Evening 6-17-24

Good Evening Dinar Recaps,

The stock market has finally reached a topping phase. Look for the markets to begin leveling out and retracting at any moment.

Long-term fundamentals indicate that we are heading into a reset zone. These zones do not happen overnight and can sometimes take months to complete their cycles.

Even though most stock assets have turned towards a downward trend, the tech stocks in NASDAQ are holding many of the indexes up at the moment.