Goldilocks' Comments and Global Economic News Saturday Afternoon 3-30-24

Mar 30

Good Afternoon Dinar Recaps,

Japan has now signaled that officials are on standby to intervene in the market to address the yen.

Gold is at record highs in Japan.

The Bank of Japan has distorted its capital markets, and the world will feel the effects.

Read: https://x.com/goldtelegraph_/status/1773887121268396146?s=46

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The Bank of Japan is in a very difficult position. They hold a lot of US dollars in reserve that could be utilized to prop up their own currency if they were to sell it off. The problem is that a move like this would disturb the balance of trade on a worldwide level. Shifts in the prices of other countries' currency values may start a domino effect.

A stronger Yen would create a lower US Dollar if too many sales of the US dollar were to be put into the market so quickly. Normally, lowering interest rates creates more purchasing power for a country, this is currently not working for their economy. Because of this reason, a currency intervention is being contemplated.

Normal banking protocols are currently not able to pull them out of their situation at this time. They are Basel 3 compliant, and a move towards more reliance on gold as a Currency Reserve may be an option they cannot rule out at this point.

A clear backing and more gold support while selling off the dollar in small increments may be a choice that has validity at this time. Either way, the country needs to increase the value of their currency soon, and choices are becoming very limited quickly. CNBC Japan Times Financial Services Agency

© Goldilocks

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"The State Bank of Vietnam (SBV) has withdrawn nearly VND75 trillion from the banking system over the course of the last five trading sessions."

Moves like this one create a shift in trading imbalances and currency rate exchanges. And, a VND drain makes it difficult for policymakers at the Central Bank of a country be able to control the supply of money.

This will also reduce the ability of their Central Bank to intervene upon their currency. Ten of Vietnam's Commercial Banks are Basel 3 compliant, and gold will become the backing and standard for future interventions creating a more sovereign country. Vietnam Net EY

© Goldilocks

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FED LEAK: Massive Storm for GOLD & SILVER - Andy Schectman | Youtube

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Currency risks will drive gold and silver sky-high by year-end – BMO Capital Markets | Kitco

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SGX to disclose trader positions on commodities in Q3 | XM

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Indonesia: Crypto Products Required To Pass On Regulatory Sandbox After New Rule

OJK’s new measure requires Financial Services Institutions (FSIs) to enter new products and services in Indonesia’s regulatory sandbox. According to the reports, the regulation includes banking, insurance, and crypto companies that “are guaranteed to be suitable for use by consumers.” Bitcoinist

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A MESSAGE FROM SAM OLIVER on the Transition into Gold

"Gold will set you free"

https://t.me/c/1545617426/75865

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A group of professional people posed this question to a group of 4 to 8-year-olds, 'What does love mean?' The answers they got were broader, deeper, and more profound than anyone could have ever imagined!

'When my grandmother got arthritis, she couldn't bend over and paint her toenails anymore... So my grandfather does it for her all the time, even when his hands got arthritis too. That's love.' Rebecca - age 8

'When someone loves you, the way they say your name is different. You just know that your name is safe in their mouth.' Billy - age 4

'Love is when a girl puts on perfume and a boy puts on shaving cologne and they go out and smell each other.' Karl - age 5

'Love is when you go out to eat and give somebody most of your French fries without making them give you any of theirs.' Chrissy - age 6

'Love is what makes you smile when you're tired.' Terri - age 4

'Love is when my mommy makes coffee for my daddy and she takes a sip before giving it to him, to make sure the taste is OK.' Danny - age 8

'Love is what's in the room with you at Christmas if you stop opening presents and just listen.' Bobby - age 7 (Wow!)

'If you want to learn to love better, you should start with a friend who you hate.' Nikka - age 6

(we need a few million more Nikka's on this planet)

'Love is when you tell a guy you like his shirt, then he wears it every day.' Noelle - age 7

'Love is like a little old woman and a little old man who are still friends even after they know each other so well.' Tommy - age 6

'During my piano recital, I was on a stage and I was scared. I looked at all the people watching me and saw my daddy waving and smiling.

He was the only one doing that. I wasn't scared anymore.' Cindy - age 8

'My mommy loves me more than anybody. You don't see anyone else kissing me to sleep at night.' Clare - age 6

'Love is when Mommy gives Daddy the best piece of chicken.' Elaine - age 5

'Love is when Mommy sees Daddy smelly and sweaty and still says he is handsomer than Robert Redford.' Chris - age 7

'Love is when your puppy licks your face even after you left him alone all day.' Mary Ann - age 4

'I know my older sister loves me because she gives me all her old clothes and has to go out and buy new ones.' Lauren - age 4

'When you love somebody, your eyelashes go up and down and little stars come out of you.' (what an image!) Karen - age 7

'Love is when Mommy sees Daddy on the toilet and she doesn't think it's gross...' Mark - age 6

'You really shouldn't say 'I love you' unless you mean it. But if you mean it, you should say it a lot. People forget.' Jessica - age 8

And the final one: The winner was a four-year-old child whose next-door neighbor was an elderly gentleman who had recently lost his wife. Upon seeing the man cry, the little boy went into the old gentleman's yard, climbed onto his lap, and just sat there. When his mother asked what he had said to the neighbor, the little boy said, 'Nothing, I just helped him cry.'

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