Goldilocks' Comments and Global Economic News for August 10, 2023
Welcome back Goldiocks!!
Goldilocks' Comments and Global Economic News for August 10, 2023
RJ: Good morning Dinar Recaps,
Goldilocks is back and posted comments and links on the global financial system:
PayPal is using a new stablecoin backed by US dollar deposits through the US Treasury Department.
1935 - Present. August - "Congress authorizes the transfer of land in Fort Knox, Kentucky from the military to the Treasury.
Remember, stablecoins represent a country's currencies. It looks like the US Treasury is putting some skin in the game backing a digital US dollar coin by the US Treasury Department.
This will give PayPal's new US digital coin a real value (gold) in their monetary transactions.
Now, we can begin to understand why cryptocurrency clarity is so important in getting it right the first time when Congress passes this piece of legislation that is currently going through the House and moving towards the Senate next.
© Goldilocks
https://www.digitalinformationworld.com/2023/08/paypal-adds-new-american-dollar-backed.html
US Mint Link
https://www.theblock.co/post/243569/paypal-launches-stablecoin
The Federal Reserve is launching a new program that will oversee cryptocurrency activities of banks.
"On Aug. 8, the Federal Reserve elaborated that “novel activities” included complex, technology-driven partnerships with non-banks."
This partnership will provide regulation and security to Banks who provide cryptocurrency services to their customers.
© Goldilocks
https://cryptopotato.com/federal-reserve-launches-new-program-to-oversee-crypto-activities-of-banks/
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Executive Order on Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern | The White House
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Did you know that copper is one of the leading indicators on how a country's economy is doing?
It will not only have a great deal of use case scenarios, but it will be measuring how well our economy is doing in the next commodity-based system.
This is why those copper coins you are saving is so important. Just yesterday, my sister was showing me some new quarters she had just received.
We both noticed the difference in their weight versus an older coin that had copper in it. This is your last chance to accumulate some monetary metals that will rise in value in the next economy, and you can find them in your pocketbook or wallet.
© Goldilocks
https://www.youtube.com/watch?v=jrAskxFbIDg
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The Federal Reserve and the US Treasury are beginning to reveal their new roles in the new economy.
From our articles today, we are witnessing more government involvement in the new digital economy.
Effective oversight of the financial reporting process and monetary engagement are the stepping stones to financial inclusion we needed to see.
For the past year and a half, we have been witnessing legislation move through in the reporting process of this new Financial System.
And now, we are witnessing Financial engagement/liquidity being provided through the US Treasury and new digital banking protocols (Basel 3) forming as we speak.
© Goldilocks
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Mortgage Rates Jump to Holy-Moly 7.09%, FHA Rates to Highest in 20 Years, Pulling Rug Out from Under Home Sales in August | Wolf Street
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Banking announcementUK Commits to Taking Forward Payments System Reforms
ByEditors, Regulation Asia
Published on 9th August 2023
The reforms will include a regulatory regime for future systemically important stablecoins used as a means of payment.
https://www.regulationasia.com/uk-commits-to-taking-forward-payments-system-reforms/
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