News, Rumors and Opinions Monday Night 1-31-2022
Fleming Update Monday Night
The banking scene continues to consolidate, merge and change in compliance with the Basel 3 minimum requirements. Just as Putin decreed in Russia, banks will either conform to meet these new requirements, or close.
Required minimums can be held in a variety of ways. The latest plot twist is the digital FX Derivative. This is asset-backed digital pairs, made possible by new Central Banking laws, and the IMF's acceptance of this asset class. This is the start of a the new world banking.
As of February 1st Standard Chartered Bank in HK and London, is now trading these FX Derivatives, with full accountability, insurance wraps and market acceptance and this is the tip of the iceberg. Beijing's
HSBC has sold off all retail locations to Citizens and Cathay Bank, depending on the state/country.
https://www.pontodepoder.com/7xy4uyit/archive.php?id=hsbc-changing-to-citizens-bank
Personal banking will be completely different by this time next year. As the Quantum Financial System takes over all banking transactions, this will take place quickly, and organically.
This is the end of fiat and the integration of digital money.
Because of strict NDAs we have not heard from the banks acknowledging the USN. This didn't need to happen anyway. We're fine with soft announcements like bank appointments. This is shaping up to be a great week ahead.
**********
Courtesy of Dinar Guru
Nader From The Mid East Here's the good news. From here till next week the rate will go up. I don't know if they're going to RV it or RI it. Or I have no idea if they're going to the 'previous' it. The previous is 1160 but I think they're going to put it at 1150. I hope they RV it...I know something is going to happen this week or by next week. I know for sure yes...they keep saying they're going to do, they're going to do it, they're going to do it but we don't know when they're going to do it.
************
KTFA:
Samson: The Central Bank of Kuwait allows applications to establish digital banks
31st January, 2022
The Central Bank of Kuwait announced the opening of the door to receive applications for the establishment of new banks that provide their services completely digitally through a general banking license. It also allowed existing banks to form a digital banking unit within the bank without the need for a new license
The Central Bank has given those wishing to establish this type of bank a deadline to submit their applications, which ends on June 30, indicating that the results of the submitted applications will be announced at the end of this year 2022, according to what was stated on the bank’s website today, Monday
The Central Bank clarified that this decision comes as part of the bank’s endeavors towards accelerating the digital transformation process at the level of the Central Bank and the banking and financial sector, and a number of steps were announced that would start a new era of digital banking and financial work
In the context of supporting and enabling financial technology companies (Fintech) , the Central Bank is currently working on updating the regulatory framework for the work of these companies in the areas of payments, microfinance and the experimental regulatory environment
This came during a virtual meeting entitled “Empowerment and Empowerment” held by the bank today, Monday, during which it shed light on the Central Bank of Kuwait’s digital strategy with the aim of achieving further development in analytical tools and accelerating the digital transformation process
In a video broadcast by the Central Bank on its website, Muhammad Al-Khamis, Director of the Office Supervision Department at Bank of Kuwait, said
The Central Bank said that the bank has completed the development of a framework for digital banking “with the aim of stimulating innovation,” noting that this framework allows the provision of digital banking services according to three models of digital banking LINK
ALERT! China Stops Evergrande Asset Repo as Silver's COMEX Regulator Self-Destructs!! (Bix Weir)
Jan 31, 2022
China is doing everything to STOP the Foreign Creditors from confiscating the assets of Evergrande. I GUARANTEE you that if the asset is located on the Chinese Mainland it will NEVER be allowed to benefit the foreign lender! NEVER!
The reversal of Globalization is upon us and it will have MASSIVE implications!
MUST WATCH: If The Federal Reserve Fails To Act Again- THE STOCK MARKET WILL CRASH.
Greg Mannarino: Jan 31, 2022