Goldilocks' Comments and Global Economic News Wednesday Evening 2-7-24
Goldilocks' Comments and Global Economic News Wednesday Evening 2-7-24
Good evening Dinar Recaps,
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the World Bank headed by the Director of the World Bank’s office in Iraq, Mr. Richard Abdel Nour.
During the meeting, they discussed enhancing bilateral cooperation between the Central Bank of Iraq and the World Bank and discussing electronic payment projects and financial inclusion, as well as reform programs to enhance the stability and development of the financial sector.
The two parties also discussed the support of the World Bank to provide advice in establishing the Riyada Bank dedicated to financing small projects in Iraq, with the support of the International Finance Corporation.
In turn, the World Bank delegation praised the procedures of the Central Bank of Iraq in facilitating financial transfers to different segments in Iraq, noting that the infrastructure of electronic payment systems and software systems in Iraq are among the best systems in the region.
Central Bank of Iraq Information Office 7 February – 2024 https://cbi.iq/news/view/2511
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Economic Reforms in Iraq are currently being implemented. This does not mean it will happen all in one month. Some of these reforms will take place throughout this year.
In other words, the Central Bank of Iraq and the World Bank are currently in process of implementing their new digital asset-based trading system into the Global Markets. https://cbi.iq/news/view/2511
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Those of you who have been in this process for some time can remember when Iraq said the following words, "...they would wait for a suitable environment for the re-entrance into the Global Markets." Well, they are beginning the process this month.
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Watch interest rates. This is where the game begins.
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Commercial real estate is crashing. Workspace offices are on sale globally in almost all businesses you can think of at this time. Regional banks are extremely stressed - again. Business Insider
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Janet Yellen: Some banks may be ‘quite stressed’ by empty office building trouble | CNN
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The report noted that “Even if only half of the uninsured depositors decide to withdraw, almost 190 banks are at potential risk of impairment to insured depositors, with potentially $300 billion of insured deposits at risk. Norada Real Estate Investments
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The US dollar currently has a lot of downward pressure on it due to a lack of demand for its use.
This does not mean it cannot be pushed up due to war utilizing the dollar to support those efforts.
Just so you know, the real technicals on the dollar if war wasn't taking place would have brought the dollar to a much lower value by now.
A lot of technical values will begin to change during this war. They certainly will need to be adjusted when they are done. Investopedia
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Auto Loan Balances, Subprime, Delinquencies, and Income: Who Are Those Drunken Sailors? | Wolf Street
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Credit-card and car-loan delinquencies are at their highest point in more than a decade | Morningstar
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Janet Yellen: Some banks may be ‘quite stressed’ by empty office building trouble | CNN
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Dow theory is flashing a warning | Finance Yahoo
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Crypto Risks Demand Congressional Action, Treasury Secretary Sounds Alarm | Tron Weekly
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Inflation constricts growth and liquidity in 2024 for banks and credit unions, according to new Wipfli reports | PR Newswire
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The Central Banks all around the world have been accumulating gold for some time. There is a good reason for this, which, we are witnessing take place at this time.
Central Banks provide liquidity for the banking system during times of turmoil and downturns such as the one we are experiencing.
As our Global Economy begins to feel a greater force of inflation creating liquidity squeezes on our banking systems going forward, it will be the role of the Central Banks to utilize our gold holdings to add net worth and value to our banks the dollar can no longer provide.
This movement forward into a greater and greater dependence on gold to deflate our inflated economy will create a bridge into our new economy. ICICI Direct
"All roads lead to gold, and gold will set us free."
© Goldilocks
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When our economy begins to lower interest rates, we will see the Metal Markets begin to rise. At that time, many of our tokenized assets that are backed by gold and other commodities will begin to add value to our new tokenized assets in the new digital economy.
Protocol 20 will bring these new assets into the market through Quantum Technologies interfacing networks that will allow them to work together. This will be again creating real world assets of authentic values going forward.
Depending on where we are in interest rate cuts as our Quantum Technologies begin the process of populating new asset values into the market, we will begin to witness synchronizing efforts between the banking system and the markets begin to flow into them new mechanisms that will guide us forward in our new digital asset based trading system.
For instance, some of the highest demands on Silver going forward ever recorded will begin to raise the price of assets this particular commodity is backing.
Throughout history, silver and gold has been used at times to represent monetary values. They are both coming into play along with other commodity metal assets and rare earth minerals.
Lower interest rates will begin the process of infusing higher values and more liquidity into our markets. All reports continue to tell us to expect great changes as we near the second half of the year.
Everything is going to be tokenized before it's over my friends. Everything. What this tells us is values on these new tokenized assets are about to see new values when the markets pivots or changes direction into the new financial system. Silver Institute
© Goldilocks
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Isaac Posted a Message today!
Hello I will have a great update tomorrow. Blessings!
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On Thursday, the Supreme Court will hear arguments over whether Section 3 of the 14th Amendment bars former President Donald Trump from the ballot in Colorado — the outcome of which could upend the 2024 presidential election.
The court will hear oral arguments in the case on Thursday, Feb. 8.
Both Trump and the Colorado voters who sued to bar him had asked the high court to weigh in and determine whether a part of the 14th Amendment designed to keep Confederates out of government after the Civil War should apply to the former president — and leading contender for the GOP nomination — later this year. NPR
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👆 If you think this doesn't have anything to do with the economy, you better think again.
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Large cryptocurrency miners in US now have to report energy use to the government | Ars Technica
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Used-Vehicle Wholesale Prices Give Up 55% of Pandemic Spike: Historic Plunge after Crazy Spike | Wolf Street
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U.S. SEC Clears 'Dealer' Rule Expansion That Could Rope in DeFi | Coin Desk
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Today, the Commission is considering whether to adopt final rules further defining a dealer and government securities dealer. I am pleased to support this adoption because it requires that firms that act like dealers register with the Commission as dealers, thereby protecting investors as well as promoting market integrity, resiliency, and transparency.
The registration, oversight, and regulatory regime for dealers is a cornerstone of the federal securities laws. It was amongst the first authorities that Congress gave the SEC as part of the Securities Exchange Act of 1934.
When dealers register, they become subject to a variety of important laws and rules that help protect the public, promote market integrity, and facilitate capital formation. Amongst these are meeting minimum capital requirements, reporting data to regulators, and keeping books and records. This regime benefits investors, issuers, and markets alike—and has done so for nearly 90 years. SEC Link 1 SEC Link 2
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