Goldilocks' Comments and Global Economic News Tuesday Evening 10-31-23
Goldilocks' Comments and Global Economic News Tuesday Evening 10-31-23
Good evening Dinar Recaps,
"DTCC has announced the launch of its Trade Reporting Analytics and UTI Exchange as part of its DTCC Report Hub Services."
A Unique Transaction Identifier (UTI) is sometimes called Unique Swap Identifier (USI). These are terms that identify individual transactions in the financial markets.
The United States uses the USI symbol and Europe uses the UTI symbol to represent their regulations.
Both are used in clearing swaps made in cross border international trading such as foreign currencies to clear a trade. This service launched by the DTCC allows accurate reporting on both sides of a trade going forward.
© Goldilocks
SecuritiesFinancialTimes Link
Wikipedia Link
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US Treasury to borrow $776 billion from the Federal Reserve in the final three months of 2023.
These two entities work together to raise money, and the Federal Reserve is the buyer of last resort. Does this mean that the US Treasury has run out of money? If things stay the same yes, if they raise the price of gold no.
Gold deflates an inflated economy. It is important to watch what they do with gold these last 3 months.
Our transition into gold is drawing near.
© Goldilocks
CNBC Link
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BREAKING NEWS
CHINA SECURED MINERAL COOPERATION AGREEMENTS WITH OVER TEN COUNTRIES FROM ASIA, SOUTH AMERICA, AND AFRICA DURING THE RECENT BELT AND ROAD FORUM
The strategy from China is very clear at this point.
Minerals.
Read: https://x.com/goldtelegraph_/status/1716969245115109875?s=46
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The major crash not due until 2024
https://youtu.be/_-wpO3PLYP0?feature=shared
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🚨BREAKING: RUSSIA BEGINS BUILDING CBDC ON THE #XRP LEDGER.
https://twitter.com/CryptoGeekNews/status/1719206057996611705?t=v78urmngo4-2b4nHtm-SCA&s=35
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Property investors more likely to lose money than owner-occupiers
https://headtopics.com/au/property-investors-more-likely-to-lose-money-than-48103852
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Iraq Shows Interest To Join BRICS Alliance
https://watcher.guru/news/iraq-shows-interest-to-join-brics-alliance
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The impact of international fragmentation and the role of the US dollar
https://www.bis.org/speeches/sp231028.htm
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$100,000,000,000 in Deposits Exit US Banking System in Three Weeks As Fed Survey Says Banks Face Financial Stability Risks
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Crypto growth and adoption have brought to light the global need for stablecoins regulation that has created a blend of traditional assets and blockchain technology.
Following the collapse of FTX, the United States government has sought to improve and implement regulations on digital currencies.
The US has commented on the growing supervision of banks using stablecoins.
Sir Jon Cunliffe, now former deputy governor of the BOE, believes CBDCs should fall under private companies who “Would be able to integrate and program the Digital Pound”
https://www.cryptopolitan.com/fed-sees-a-need-to-regulate-stablecoins/
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Banking Announcement:
The SBV’s Department for Management of State Foreign Exchange Reserves will take responsibility for developing SBV’s gold bar trading plans.
The State Bank of Vietnam (SBV) has issued new regulations to guide gold bar trading on the domestic market.
Source:
VNA/SGT/VNS/VOV/Dtinews/SGGP/VGP/Hanoitimes
Besides Laos and Pakistan, new yuan-clearing banks have been established in Kazakhstan and Brazil since the start of 2022.
https://www.regulationasia.com/icbc-opens-yuan-clearing-banks-in-laos-pakistan/
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Banking Announcement:
Taiwan Lawmakers Introduce Bill to Regulate Crypto
Sectormm
ByEditors, Regulation AsiaPublished on 31st October 2023
The bill will introduce a licensing system for crypto firms, along with requirements to segregate client assets and protect customer funds
https://www.regulationasia.com/taiwan-lawmakers-introduce-bill-to-regulate-crypto-sector/
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