Goldilocks' Comments and Global Economic News Wednesday Evening 1-10-24

Good Evening Dinar Recaps,

"The Bank Term Funding Program (BTFP), the Fed’s infamous tool to nip the March 2023 bank-panic and liquidity crisis in the bud, will expire on March 11, at its original one-year time limit, Michael Barr, Fed Vice Chair for Supervision, said at a panel appearance in Washington, D.C., today."

Not long ago, we learned that interest rates would take a drastic turn downward between March and May. This would be normal since interest rates normally fall during a recession. It is a tool that is used to stimulate growth.

Gold has a tendency to rise when interest rates go down. Historically, gold has been known to do very well during a recession as well. Do you see the setup patterns taking place?

We have new localized currencies around the world that are beginning to move into the marketplace, and they are being strengthened because of their inflationary demand at the present time.

The BTFP will be pulled on March the 11th, 2024. At this time, look for Market and currency interventions to begin. This is when our January the 16th, 2024 Basel 3 requirements to infuse the markets and banking system with gold to support their unification are most likely to create an incredible demand for gold.

These new tokenized assets across all sectors of the market including the Forex sector will then have access to gold's liquidity raising the value of our new digital economy through a new World Reserve Asset capable of deflating our inflated economy with real world values.

© Goldilocks
WolfStreet Link
Bullion By Post Link
Bloomberg Link

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Global economy on track for worst half-decade of growth in 30 years, says World Bank

https://www.ft.com/content/b00ec9ec-5497-4543-aa57-f10873c8952b

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We are just a few hours away from spot Bitcoin ETF approval. A couple of things for us to expect are as follows:

Historically, these events Trigger selling pressure on the CME Futures Market. Yes, selling pressure is usually the initial reaction to a new asset being added to the markets. We will see.

And, Standard Chartered Bank expects Market inflows to significantly increase for Bitcoin over the next two years.

These two triggers will increase the demand for Digital Asset Based Trading adoption. We have already heard of more ETFs being on their way to inclusion inside the market such as Ethereum and Ripple.

These trigger events will transition the market into a digital economy whereby new demands and new price actions on tokenized assets across every sector of the market will be revalued.

These new tokenized assets regulated by new Basel 3 requirements on January 16th, 2024 will be standardized through protocol 20 (January 30th) as the green light is given for Quantum Technologies to form new networks on our Global markets.

© Goldilocks
TheQuantumInsider. Link
https://www.sc.com/en/

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Washington, D.C. — "The Commodity Futures Trading Commission today issued, for public comment, a proposed rule on the Investment of Customer Funds by Futures Commission Merchants and Derivatives Clearing Organizations."

On January 17th, 2024 new rules are formulating new guidelines on the use of clients' money inside the banking system.

Investment of your money inside the banking system is about to come under new rulings that restrict past protocols.

These new guidelines will secure a client's assets through the use of gold supporting each account.

© Goldilocks
https://www.cftc.gov/PressRoom/PressReleases/8818-23

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Key highlights of FinCEN’s final rule on access to Beneficial Ownership Information | Eversheds Sutherland (US) LLP JDSupra Link

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Crypto regulations tightened in 80% of major jurisdictions in 2023, analysts say Crypto News Link

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New maritime route to increase trade competitiveness of Jordan, Egypt - India Shipping News

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Gold shows modest gain amid dollar retreat and inflation report anticipation - Shafaq News Link

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A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price. That fixed price is used to determine the value of the currency.

For example, if the U.S. sets the price of gold at $500 an ounce, the value of the dollar would be 1/500th of an ounce of gold. https://www.investopedia.com › ask

What Is the Gold Standard? Advantages, Alternatives, and History - Investopedia

👆Gold did not reset today, but it is indicating a level of caution today.

When it does, you will know the global economy has just agreed upon a change.

© Goldilocks

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And, so It begins. The transition into the new digital economy begins.

© Goldilocks

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Blockchain comes to bank wholesale deposits in bid to slash costs

Major banks will begin digitising contracts that govern their debt financing, and explore trading and settling money market transactions using blockchain technology, in a project that Imperium Markets and the Digital Finance Co-operative Research Centre (DFCRC) will launch in the coming months.

The move is an example of the “tokenisation” of financial assets (https://www.afr.com/companies/financial-services/tokenisation-of-real-world-assets-is-the-killer-app-for-crypto-20231019-p5edlb) – in this case, wholesale bank deposits – which has been identified by the Reserve Bank as one used for a digital version of the Australian dollar, the eAUD.

The trials suggest initial applications for blockchains beyond bitcoin in Australian financial markets will not be clearing and settlement of public equities – after ASX bungled a project to replace CHESS – but rather wholesale debt capital markets. AFR Link

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The RSI or Relative Strength Index is curling on Bitcoin whereby wrapped assets of spot Bitcoin ETF reside.

As we discussed earlier today, a new asset usually takes a dive the first day or so it enters the market before it starts to come back up.

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