Goldilocks' Comments and Global Economic News Saturday Evening 1-27-24

Good Evening Dinar Recaps,

Easing of sanctions against Venezuela boosts marine and energy sectors

"Since June, the US Treasury’s Office of Foreign Assets Control (OFAC) has issued seven general licenses authorizing certain business activities or transactions with Venezuela, including those relating to the export of liquefied petroleum gas (General License 40B), gas sector operations (General License 44), the state-run mining company Minerven (General License 43) and the state-run airline Conviasa (General License 45A)."

This releasing of sanctions is creating opportunities for traders on the market that once were prohibited. The country's control of the largest crude oil Market makes this country's Energy and Marine sector of the markets very appealing.

This will create new demands on the Venezuela Bolivar as this year progresses. These demands will create opportunities for people in the Forex Market to capitalize on price pressures pushing new volumes and new values going forward.   | Clyde Co

© Goldilocks

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Let's take a closer look today on what's happening in March and on March the 11th, 2024 in particular.

We already know that the Feds are doing away with the Bank Term Funding Program in March. This will deplete liquidity availability for the banking system going forward.

There is the option of lowering interest rates that will give our money more purchasing power at that time. Lowering interest rates would provide more cash flow, but will it be enough? With the amount of debt that the US owes, economists across the board say the answer to that question is no.

So, we are left with two more options. One is to use up the rest of our Repo Market liquidity program that is expected to run out by the end of this year.

This leaves us with one other option. To increase the price of gold and other commodities that are being used to back our new tokenized asset based system.

March is a turning point, a reversal point, and a pivotal point in our Global Economy. Gold has always been the bridge into new economies, and it is our pathway into the road ahead.

The use of gold in liquidating the new economy will create the acceleration and adoption of a new digital economy backed by the commodity market across all sectors of the market.

Look for new ETFs on several digital asset classes to be accelerated during this time.  Movement into the new digital asset-based trading system will synchronize our banking system with our markets.

This will give us new Digital Network Protocols that are standardized and regulated under the support of gold inside our new digital economy.

All roads lead to gold, and gold will set us free.

© Goldilocks
Blue Prism
Brookings Edu
Federal Reserve 1
Federal Reserve 2

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It is important for us to watch what happens in Texas. Governor Abbott was in India this past week talking about trade deals between Texas and India.

Texas has its own shipping port capabilities that will allow them to trade Globally with the rest of the world.  Texas has 29 official ports of entry into the Global Economy. They literally have the capability of being a self-sustaining Financial System within their own state.

If these new trade deals are successful and Texas begins to move into the new Digital Asset-Based Trading System utilizing the UPI or Unified Payment Interface mechanism in trade, we will literally be witnessing the first state in the US to move into our new Global Economy.

Watch the water.

© Goldilocks

Abbott travels to India as his national profile is growing | Houston Chronicle
Why Gov. Greg Abbott is visiting India | Axios
Texas: A Major Player in Global E-Commerce Shipping and Logistics | Cube Work

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Republican governors rally behind Texas in border showdown after Supreme Court ruling | https://youtu.be/LqfXHUSnp7Q?feature=shared

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Border standoff between Texas, feds intensifies as governor defies Supreme Court ruling | https://youtu.be/Hd-H79ua19w?feature=shared

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Governor: Texas can defend itself against border 'invasion | https://youtu.be/WSiwRDQp_DA?feature=shared

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After hearing the concerns expressed by various participants in the Stellar ecosystem — including contract developers, wallet developers, validators, and tools builders — the SDF has decided to disarm our validators to prevent them from voting to upgrade the network to Protocol 20 on January 30. As the network introduces the biggest protocol change to date, it's important to have broad consensus at the vote, but also in the lead-up to it — everyone needs to be ready.

On January 25, 2024, we notified the ecosystem of a  that was discovered in Stellar Core v20.1.0 that could impact applications and services that use fee bumps for Soroban transactions if or when the Mainnet upgrades to Protocol 20. We noted that we (the ecosystem and particularly network validators) had a choice to continue with the Protocol 20 upgrade vote on January 30 or to delay it.

We at SDF spent time with the bug, saw its potential impacts and decided that the bug posed little risk given the phased rollout plan along with the implementation of best practices. But we are not an ecosystem of one.

Upgrading the network is not something SDF does alone, and to inform the decision about whether to move forward given the bug, we opened threads on the Stellar Dev Discord and our developer mailing list, and encouraged the ecosystem to weigh in. Ultimately, the robust feedback and discussions regarding this choice caused us to change our approach.   Stellar Blog

👆 Will keep you updated!

"...we will coordinate to determine a future vote date once a new version of Stellar Core that contains a bug fix is released. That release should be available within the next two weeks.".  SDF

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Key Fed Inflation Rate's Slide Puts March Rate Cut In Play; S&P 500 Wavers | Investors

The primary Federal Reserve inflation rate, the core PCE price index, showed that price pressures cooled more than expected in December, keeping a March rate cut on the table. The S&P 500 fell slightly on Friday afternoon, following another record closing high on Thursday.

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IRS to launch free online filing system pilot in March | The Hill

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‼️ ALERT – Civil War Update Texas: Massive military deployment of forces from the National Guard of Republican states to the state of Texas,

This step comes out in defiance to the administration of President Joe Biden and federal forces, to combat the increasing waves of migrants on the border between the United States and Mexico, coinciding with escalating tensions between Greg Abbott, Governor of Texas, and the Biden administration.

See video here:  https://t.me/c/1545617426/74313

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BIS Announces Tokenization Project Among Six Initiatives for 2024 |  Kryptomoney

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CBDCs, Green Finance Among BIS Innovation Hub Projects Announced for 2024 | Fintech Singapore

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