Seeds of Wisdom RV and Economic Updates Thursday Morning 8-22-24

Good morning Dinar Recaps,

DBS Bank pilots blockchain-based government grants

The blockchain-based solution builds on DBS Bank’s participation in Project Orchid, an effort by the Monetary Authority of Singapore to test the benefits of tokenization.

Singapore’s DBS Bank launched a solution that uses blockchain technology to streamline the disbursement of government grants.

DBS Bank announced that in the pilot, it collaborated with Enterprise Singapore (ESG), a statutory board under the Ministry of Trade and Industry of the Government of Singapore and the Singapore Fintech Association (SFA), which promotes financial technology in the country.

DBS Bank uses smart contracts to disburse government grants
During the pilot, the SFA disbursed government grants to 27 members. DBS said that its pilot showed how blockchain-based programmable grants can improve efficiency, enhance governance and allow businesses to have faster access to government grants.

With DBS’ permissioned blockchain, ESG and its intermediaries, like the SFA, can determine the conditions of the programs and govern grant disbursements. According to DBS, this includes disbursements to approved recipients upon fulfilling certain business conditions.

Once the conditions are fulfilled, smart contracts will verify that they are met. After this process, the grants will be disbursed automatically to the beneficiaries.

According to DBS, the solution enhances governance control and reduces the need for intermediaries to manually process cash handling. This allows businesses to receive their cash payouts from the government much faster.

Furthermore, the bank’s permissioned blockchain gives full visibility of the process, giving greater transparency to the organizations involved.

Permissioned blockchains are networks with an access control layer that allows participants only a pre-approved level of authority. Even though they use distributed ledger technology, these blockchains are only partially decentralized.

Results of MAS-led Project Orchid
DBS Bank also noted that the programmable grants pilot applies what the firm has learned from participating in Project Orchid, a digital currency initiative led by the Monetary Authority of Singapore (MAS). The initiative tests the benefits of tokenization with local stakeholders.

DBS Bank also previously collaborated with digital payment provider Ant International on a blockchain-based treasury and liquidity management solution. On Aug. 13, DBS launched its treasury tokens, which Ant will use for liquidity and treasury management. The tokens are within the bank’s Ethereum Virtual Machine (EVM) permissioned blockchain.

The solution was created using systems developed during the company’s participation in another MAS-led effort on digital currencies, Project Guardian.

@ Newshounds News™

Source:  CoinTelegraph

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Hong Kong’s crypto ambitions tested by licensing issues: report

Hong Kong’s crypto hub ambitions face hurdles as more than a dozen exchanges struggle to secure full licenses due to regulatory concerns.

Cryptocurrency exchanges in Hong Kong seem to be grappling with challenges in securing full licenses as the city pushes to become a crypto hub, per a Bloomberg report, which cites people familiar with the matter.

The city’s Securities and Futures Commission has reportedly identified unsatisfactory practices during on-site inspections of 11 “deemed-to-be-licensed” exchanges, raising doubts about their ability to meet full licensing requirements. The investigation revealed that some exchanges were overly reliant on a small number of executives to manage client asset custody, while others are not “properly guarding against cybercrime risks,” the report says.

The exchanges under scrutiny reportedly include big names such as Crypto.com and Bullish as well as local trading platforms like HKbitEX and PantherTrade.

So far, only two platforms — OSL and HashKey — hold full licenses in Hong Kong. While the SFC aims to issue additional licenses by the end of 2024. the process has already led to the withdrawal of 12 applications, including those from Bybit, Huobi HK, and OKX.

Hong Kong scrutinizes regulation for crypto exchanges
The SFC’s findings emerge as the regulator intensifies its efforts to enforce strict compliance among crypto platforms, with a particular focus on safeguarding client assets and enforcing robust know-your-client protocols.

This heightened scrutiny follows a scandal involving JPEX, an unlicensed crypto platform accused of defrauding over 2,600 victims of more than $200 million. The SFC previously reported that JPEX and crypto influencers had made false or misleading claims on social media, falsely suggesting that the exchange had applied for a virtual asset trading platform license in Hong Kong.

However, the regulator later highlighted that JPEX had not submitted any such application, despite its assertions of being a “licensed and recognized platform for facilitating the trading of digital assets and virtual currency.”

@ Newshounds News™

Source:   Crypto News

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Can Tether’s Dirham Stablecoin Drive Crypto Adoption in UAE?

Word in the crypto world has it that the UAE is set to launch a Dirham-pegged stablecoin in partnership with Tether. According to a press release shared by Tether today, the new stablecoin will be launched in partnership with UAE-based Phoenix Group PLC and Green Acorn Investments Ltd.

Paolo Ardoino Tetser’s CEO says, “Tether’s Dirham-pegged stablecoin is set to become an essential tool for businesses and individuals looking for a secure and efficient means of transacting in the United Arab Emirates Dirham whether for cross-border payments, trading, or simply diversifying one’s digital assets.”

Tether’s Dirham Stablecoim sets stage in UAE
Since Gary Gensler took over the US SEC, many crypto businesses have left the United States. The UAE took that opportunity to rebrand the nation as the next crypto global hub. Since the start of 2023, the UAE has taken steps to ease crypto use in the country, with many crypto execs like CZ moving to Dubai.

In 2023, financial regulators in the UAE reached an agreement to officially allow and support crypto trading in an economic-free zone in Dubai. After that, on October 19, Ras Al Khaimah ruler Sheikh Saud bin Saqr Al Qasimi launched the new RAK Digital Assets Oasis (RAK DAO), an economic free zone committed to helping companies working in digital and virtual assets, blockchain, Web3, and artificial intelligence (AI).

Also recently, the UAE’s Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) issued consultation paper No. 7 of 2024, which contains proposals to improve its regulatory framework to allow the ADGM to issue fiat-referenced tokens (FRTs) and invites public feedback and comments on the proposals.

According to the statement, FRTs are a type of stablecoin that is backed by high-quality, liquid assets denominated in the same currency as the FRT and may be liquidated quickly with minimum negative price impact.

FRTs are designed to be used as a form of payment and share some similarities with Stored Value. In other news, on August 16, the Dubai Court of First Instance approved crypto as a legal salary payment method.

Irina Heaver, a partner at UAE law company NeosLegal, noted that the verdict in case 1739 of 2024 marks a shift in the court’s approach, which earlier disallowed recognizing cryptocurrencies as valid salary payments due to their lack of precise valuation.

@ Newshounds News™

Source:  CryptoNewsz

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IOTA Plays a Key Role in Preventing Data Breaches and Improving Efficiency in IoT Vehicles

According to a research paper, the Directed Acyclic Graph (DAG) ledger of IOTA could be tailored to meet the Internet of Vehicles (IoV) needs for effective traceability, throughput, and security.

IOTA is reported to be able to identify attacks and could be a “major fabric” in offsetting the issues of security breaches in IoV.

Internet of Vehicles (IoV) – a network of connected autonomous vehicles that share data over the internet for secured and efficient means of transportation. Data breaches have threatened their growth in recent times. This is confirmed by a report by a non-profit organization, Consumer Watchdog, disclosing that most connected vehicles share similar vulnerabilities.

In the report titled “Kill Switch: Why Connected Cars Can Be Killing Machines And How To Turn Them Off,” researchers alleged that automakers reveal high risks of such breaches to investors while keeping them away from the public. This is evident in Ford’s disclosure in a 10K filing to the Securities Exchange Commission, citing that its suppliers have been victims of malicious attacks.

In another research report titled “Malicious Data Traceability and Throughput Optimization Using Blockchain (IOTA Smart Contracts) for Next Generation Internet of Vehicles,” it was stated emphatically that traditional centralized networks fail to contain these attacks due to their limitations in scalability, latency, and security.

Fascinatingly, the author, Malka N. Halgamuge, at the Department of Information Systems and Business Analytics, RMIT University, Australia, noted that the decentralized blockchain architecture could be the best alternative.

More on the Role of IOTA in IoV and Other Use Cases
Admitting that conventional blockchains also have limitations, the research suggested the need to develop an architecture based on the IOTA’s Directed Acyclic Graph (DAG) ledger. According to the study, this can be tailored to the IoV’s needs for advanced traceability, throughput, and security.

We propose an IOTA-based model using smart contracts for malicious data/user tracing and timing side channels for attack detection. We adaptively schedule data to optimize throughput based on traffic conditions. Our simulations compare throughput, latency, and attack detection across varied scenarios. Our results demonstrate that the architecture enables automated security via decentralized consensus, avoiding centralized failures.

The research paper explained further that smart contracts facilitate real-time threat tracing and mitigation. With that, IOTA’s ability to identify attacks through a low latency fluctuation is revealed in timing analysis. The research paper also mentions that resorting to IOTA’s innovation, smart contract, and integrating reputation systems would boost security, scalability, and efficiency compared to centralized and blockchain IoV networks.

This work advances IoV security by outlining a comprehensive blockchain solution leveraging IOTA’s unique capabilities. The decentralized mechanisms enhance traceability and trust while optimizing performance tailored to vehicular demands. This establishes a foundation for reliable and safe autonomous driving through innovations in distributed ledger technology.

As we previously reported, outside the framework of IoV, IOTA has also become an important part of music and film. It recently launched a solution prototype that is revolutionizing the industry by leveraging DLT to streamline intellectual property rights management.

At press time, IOTA was trading at $0.134 after surging by 0.55% in the last 24 hours. However, the price had declined by 21% in the 30 days and 41% in the last 90 days.

@ Newshounds News™

Source:  Crypto News Flash

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Seeds of Wisdom RV and Economics Updates Thursday Evening 8-8-24

Good evening Dinar Recaps,

Economist Jim Rickards Highlights Gold's Opportunity During Market Meltdowns

"Gold is being profiled as a relevant investment option in economic uncertainty and market instability times. Jim Rickards, a U.S. economist and best-selling author of books like “Currency Wars” and an opinion contributor to several newspapers and publications including The New York Times and The Washington Post, has referred to the investment opportunity that gold presents during acute market setbacks."

"In social media, Rickards reinforced its solid opinion of gold as a hedge against market instability, predicting the price movement of the precious metal during these events."

Rickards says, "In a stock market meltdown, gold goes down due to selling by weak hands who need cash for margin calls. The strong hands take a beat, wait for a bottom. Then they jump in with both feet because they know it’s way up from there."

"Rickards has been analyzing gold’s position in today’s economy, stating that the metal might be used in case of a global currency meltdown to re-establish the gold standard, with many countries, including the U.S., purchasing gold to support the value of their currency."

"Nonetheless, while some markets rebounded after Monday’s meltdown, gold continued to trade down, losing the $2,400 mark. Even after slipping down, gold prices are still almost 15% up during 2024, reaching historic high levels just some days ago."

"According to the World Gold Council, demand is expected to maintain the next year supported by central bank gold purchases for portfolio diversification and protection purposes."

@ Newshounds News™

Source:  Bitcoin

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BREAKING: Victory for Ripple as XRP Is Not a Security in the US; $125M Fine for the Truth

 Ripple’s decisive victory over the SEC has officially ruled XRP a non-security.
 Judge Torres reduced the SEC’s demanded fine from $2 billion to $125 million.

Ripple has exciting news following its recent victory over the US Securities and Exchange Commission (SEC). XRP has been officially classified as a non-security, a designation that was highly disputed during Ripple’s litigation against the Commission.

Court Significantly Reduces SEC Penalties for Ripple’s Institutional XRP Sales

In addition, as Ripple CEO Brad Garlinghouse noted in his most recent tweet, the court has reduced the SEC’s penalties for institutional XRP sales that violate federal securities laws.

"The SEC asked for $2B, and the Court reduced their demand by ~94% recognizing that they had overplayed their hand. We respect the Court’s decision and have clarity to continue growing our company.

This is a victory for Ripple, the industry and the rule of law. The SEC’s headwinds against the whole of the XRP community are gone."

Judge Torres of the Southern District of New York levied the penalties after concluding that Ripple’s 1,278 institutional sales transactions breached securities regulations.

Previously, Judge Torres decided in July 2023 that Ripple violated federal securities laws by selling XRP directly to institutional clients. However, automated sales of XRP to retail clients through exchanges did not violate securities regulations.

Recently, the SEC failed to appeal a portion of the order that excused Ripple from securities law violations in programmatic sales.

Furthermore, Judge Torres has forbidden Ripple from future violations of federal securities laws, signaling that any violations will necessitate the issue of a court order. Ripple must file a registration statement if it intends to sell securities in the future.

Interestingly, Ripple’s convincing triumph has generated a surge in demand for XRP. At the time of writing, XRP was up 17.88% over the last 24 hours to $0.6055. Its daily trade volume has risen more than 200% to $5.05 billion. The price of XRP has quickly risen to pass crucial levels, $0.50 and $0.60.

@ Newshounds News™

Source:  Crypto News Flash

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Solana ETF Approved by Brazilian SEC

Following its approval by the Brazilian regulator, the ETF is in a pre-operational phase, awaiting approval by Brazilian stock exchange B3.

Brazil's Securities and Exchange Commission (CVM) has approved a spot Solana exchange-traded fund (ETF).

According to local business publication exame, the ETF, created by Brazilian asset manager QR Asset and operated by fund administrator Vortx, is in a pre-operational phase, pending approval by Brazilian stock exchange B3.

The ETF will reference the CME CF Solana Dollar Reference Rate, created by CF Benchmarks and the Chicago Mercantile Exchange (CME).

Speaking to exame, QR Asset manager and chief investment officer Theodoro Fleury described the firm as a "global pioneer in this segment, consolidating Brazil's position as a leading market for regulated investments in crypto assets."

Solana ETFs around the world

With the CVM's approval, Brazil has outpaced the U.S. in the race to bring a spot Solana ETF to market. Following the surprise approval of multiple U.S. spot Ethereum ETFs, firms including VanEck and 21Shares have filed S-1 registration forms with the U.S. Securities and Exchange Commission (SEC) in the hope of securing approval.

In May, British bank Standard Chartered predicted in a research note that Solana and XRP ETFs are on the horizon, "albeit this is likely a 2025 story not a 2024 one."

Last month, VanEck's head of digital assets predicted that approval of a U.S. Solana ETF hinges on the outcome of the U.S. presidential election, dubbing the lack of a regulated futures market for Solana a "Psyop" by SEC chair Gary Gensler.

However, asset manager BlackRock has sat out the race, taking a skeptical position and predicting that "it will be a while before we see anything else" beyond Bitcoin and Ethereum ETFs.

Meanwhile,  to the north, investment fund manager 3iQ has filed for a Solana ETF in Canada, aiming to be the first to market in North America. Interestingly, 3iQ has said from the outset that the fund would stake the SOL it buys to back shares. “The Solana Fund offers easy exposure to SOL without technical complexity,” the company wrote at the time. “As part of our investment strategy, the Solana Fund will stake SOL to earn rewards.”

@ Newshounds News™

Source:  Decrypt

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BRICS: Russia Officially Legalizes Bitcoin and Crypto Mining

"In another important sign of BRICS development in digital currencies, Russia has officially legalized Bitcoin and crypto mining in the country. Indeed, Moscow’s president, Vladimir Putin signed a law Thursday that legalizes the cryptocurrency process to specified persons."

The legislation will only allow “legal entities and individual entrepreneurs included in a register,” to mine crypto, Russian state media reports. However, it also legalizes mining for any individuals who “do not exceed the energy consumption limits,” proposed by the government.

"The past several months have seen BRICS embrace digital assets in a massive way. The group is reportedly considering the creation of a native currency using blockchain technology. It could be set to use these digital assets as a way to move further from the US dollar. Recent legal actions taken by one of its leading nations certainly support that assertion."

"As BRICS develops its digital currency infrastructure, Russia has officially legalized Bitcoin and crypto mining. The law will reportedly allow cryptocurrencies to be traded on native blockchain platforms. Moreover, it will go into effect in just ten days."

"This isn’t the first pro-crypto law Russia has passed this year. In late July, the country moved to allow crypto payments in international trade. The decision was made to combat Western sanctions."

@ Newshounds News™

Source:  Watcher Guru

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Goldilocks' Comments and Global Economic News for April 20th

Good evening Dinar Recaps,

The BRICS Nations are creating a common digital payment platform.

"Russian Deputy Foreign Minister Sergey Ryabkov said that BRICS nations have already established a special channel for information exchange between their central banks"

They have completed a messaging system that already talks back and forth to the central banks of these countries.

This information is secured and ensures payment capabilities on both sides of a trade.

All they have left to complete is an agreement on what stablecoin they will use to complete their settlement transactions.

WATCH THE WATER.

© Goldilocks
TASS

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"After ON RRPs go to zero, reserves will decline, further reducing the Fed's interest expenses and losses. But it's not straightforward."

This is why we are transitioning into a Basel 3 requirement regimen and the reason for our movement from Libor (interest gains agreement) contracts to SOFR (gold gains agreement) contracts in overnight repo Market repurchase agreements.

SOFR contracts are currently our liquidity for overnight banking purchasing opportunities going forward.

"The U.S. is effectively in an abundant reserves situation now, but the Fed’s stated policy is to move to an ample reserves regime."

In other words, banks are holding far more reserves than necessary to meet legal requirements for liquidity buffers. This is known as the abundant reserves regime.

When we witness a change in our monetary policy towards an ample reserves regimen for the banking system, a monetary policy shift will occur. Interest rates will be lowered, and the price of gold will rise to fulfill debt obligations.

This shift will lock in a new connection between our banking system and the markets. We will have a secured loan collateral regimen that will ensure both sides of a transaction are capable of doing so inside a new digital asset-based trading system.

This will usher in clearance to operate inside a new digital asset-based trading system whereby gold held inside our banking system will enable us to move into a new regulated tokenized asset economy.

Look for MICA crypto regulations to move inside the Global Economy giving a structured framework under a digital Gold Standard Protocol.

A new economy determined by the people and for the people. "All roads lead to gold, and 'digital gold' will set us free."

© Goldilocks
Brookings Edu
Wolf Street
NY Fed
Investopedia
US Debt Clock

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Today's articles reflect measurement mechanisms used to determine new values in an economy. This is where we are in the process of moving to our new digital economy.

As we have reviewed before, this is part of the Credit Valuation Adjustment measurements needed to determine new rates of Exchange on all sectors of the market.

© Goldilocks

Treasury International Capital Data for February | U.S. Department of the Treasury

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The member of the parliamentary finance pointed out that “the government and the central bank seek to strengthen and increase the classification of civil banks,” noting “the intention of banks to enter into correspondence and foreign transfers.”

Here, Iraq is telling us that they are taking steps to move into doing foreign currency exchanges inside their banking system locally and Internationally.

The article goes on to say that they did not know for sure when this would take place, but they are taking steps currently towards this end.

© Goldilocks
Search4Dinar

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"The foreign exchange (FX) auction is a monetary policy instrument through which the National Bank sells or buys foreign currency on the interbank FX market."

Iraq is currently moving away from the buying and selling of their currency through currency auctions to a foreign currency exchange regimen through their banking system.

© Goldilocks
Search4Dinar
National Bank of Georgia

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Bitcoin Halving Announcement:

"Mechanically, the halving itself shouldn't affect the price of bitcoin in the short term, but many investors are expecting big gains in the months ahead, based on the cryptocurrency's performance after previous halvings."

The event took place rather smoothly last night. No glitches happened inside the system.

Going forward, this will make Bitcoin harder to mine and more scarce. It will begin to raise the price of cryptocurrencies across all sectors.

© Goldilocks
CNBC

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Acting Comptroller Hsu Discusses the Final Rule to Strengthen and Modernize CRA Regulations | Youtube

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Is China one step ahead? | Youtube

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GOLD Mystery Buyers? | Systemic Price Rigging to Go Common Knowledge | Youtube

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Chair’s Statement Forty-Ninth Meeting of the IMFC | IMF

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Principles for Reducing the Size of the Federal Reserve's Balance Sheet |  Federal Reserve Board 

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What new oil and gas pricing regulations mean for industry – Deseret News

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14 Commercial MoU's Signed between Iraq and US | Iraq Business News

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SATURDAY NIGHT LIVE CALL

Freedom Fighter and Jester Breakdown the week's Posts from Goldilocks!

The call begins at 9 pm ET, 8 pm CT, 6 pm PT in the Saturday Night Live Call Room

Ask your questions in the Saturday Night Live Q & A Room during the hour before the call!

The calls are recorded and posted in the Archive Room after the call!

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Goldilocks' Comments and Global Economic News for April 19th

Good evening Dinar Recaps,

Vietnam Currency Intervention:

"The State Bank of Vietnam's deputy governor said it was ready to intervene in the foreign exchange market “even today if needed.” With the won shy of a 17-month low against the greenback, South Korea pledged to respond immediately to excessive currency market volatility."   3 hours ago

This is what happens when geopolitical tensions increase on the scale we are seeing today.

Do you see what I mean? We have shared in this room that many currencies begin to move during wartime. (Israel and Iran)

It is history repeating itself. Let's see what happens. The above doesn't even talk about the trade wars and currency wars going on.

Major events and shake-ups like these create credit valuation adjustments.

© Goldilocks
Bloomberg

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Credit Valuation Adjustments happen when any change takes place on the markets.

Price pressures move assets up and down like the waves of an ocean.

Depending on the force of that wave, it has the ability to move across a lake, an ocean, or even all sectors of the market.

The growing weakness of the dollar has created a tsunami, and we are in the middle of feeling its effects.

The strength of our anchor ($) is being pushed and pulled at the present time.

Our world is seeking solid ground once again. Which asset will rise to the top?

It is the storms of life that reveal our greatest strengths(asset), and the top dog is about to make itself known.

© Goldilocks

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A reset in the housing market is in process.

© Goldilocks
Wolf Street

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Whether or not this happens today, tomorrow, next week, or sometime this year.

Vietnam is letting us know that they have a currency that is about to change in its value.

They're telling us that they have the capacity to change it at any given moment going forward.

© Goldilocks
ZeroHedge

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"A member of the parliamentary finance committee Adnan Al-Zarfi stressed on Friday the need to raise the dollar exchange rates in the Iraqi markets, while pointing out that America is pressing Iraq to reform the victory."

Let's take a closer look at this article. The recommendation to raise the Dollar rate in Iraq "again" is a statement that holding the Iraqi Dinar price down is getting more difficult.

The article goes on to say that keeping the Iraqi Dinar on a programmed rate is no longer profitable or to their advantage.

Moving forward with their banking reforms is currently on the table.

© Goldilocks
Search4Dinar
Reuters

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Due to unforeseen circumstances, the CBI contact that Dee and I talk to has been busy with airstrikes in Baghdad.

Dee will try to schedule something as soon as things settle down.

© Goldilocks

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The war will destroy currency values for sure.

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World Gold Council Sees Gold as Underowned, Forecasts Continued Rally – Economics Bitcoin News

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Futures Tumble, Oil And Gold Soar On Reports Of "Huge Explosions" In Central Iran, Israeli Airstrikes In Iraq And Syria | ZeroHedge

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Happy Bitcoin Halving:

Happy “halving” to anyone who’s had to explain crypto to their grandparents. The quadrennial event, expected to take place today or tomorrow, was built into bitcoin’s original code to cut the amount of new coins going into circulation in half every four years. The purpose is to thwart inflation and increase the currency’s value.

Bitcoin’s mysterious creator, Satoshi Nakamoto, designed the crypto so that only 21 million bitcoins would ever exist. It will take about a century to hit that number, but as it approaches the cutoff, the crypto hose slowly constricts.

No one’s sure what happens next
Historically, halvings have coincided with big jumps in price—the coin’s first halving in 2012 saw the price jump from $12.35 to $127 within five months, according to Time. But critics argue that the narrative around halving is much stronger than the actual event.

© Morning Brew

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Full jury seated at Trump trial on third day of selection process | Youtube

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"Stocks off two-month low as fear of Middle East escalation eases" | Investing

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(3.51%) Bitcoin Volatility Index - Charts vs Dollar & More | Buy Bitcoin Worldwide

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Global Protest Tracker | Carnegie Endowment

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BRICS GOLD train leaving the station - Destination Revalue Rd. - LFTV Ep 169 | Youtube

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We are living in challenging times. I hope this song brings peace to people at the end of a troublesome week.

Sam Oliver Recording 4.19.2024

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Stablecoins Get a Seat at the Table: US Senators Unveil New Regulations | Bitcoinist

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Senate Stablecoin Bill Would Override SEC Crypto Accounting Bulletin | Thomson Reuters

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According to Berckmans, the draft bill’s most significant feature is its broad legitimization of stablecoins on public chains, particularly Ethereum, where a significant majority of stablecoins are minted. “My initial read is that the bill is extremely bullish and legitimizes Ethereum like never before. The bill broadly legitimizes stablecoins on public chains in America, where 59% of all stablecoins are minted on Ethereum, rising to 93% when excluding centralized platforms like Tron,” he stated.
Bitcoinist

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$300 SANDWICHES AND $2,000 SILVER -- Bix Weir  |  Bitchute

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Using trusts to protect your assets | Wolter Skluwer

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Follow the FACTS and do not be fooled by people scamming for attention.  Ask them for proof. Just another wannabee trying to ride on a successful, brilliant persons coat-tails!

This is 100% a LIE. Be careful on what people say, and who you follow.  There IS ONLY ONE Goldilocks, and they are with SOWT exclusively!!

Ask them to post in the Goldilocks room as YOUR proof.

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Someone is claiming another person to be me, my friends.

If my information is not put in this room first, you will know that their information is not from me.

Just check the differences in our information and who says it first, and you will know who the scammer is.

Better yet, just come to this room to look for my information.

A lot of people are just using my name to drive numbers to their room and make money off of you. This is not my agenda.

I do not get paid for anything I share, and I will not turn your name in later for a paid email list.

Be careful who you follow.

© Goldilocks

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Happy New Year from Dinar Recaps

All of us at Dinar Recaps wish all of our readers a 

Happy, Healthy and Safe New Year.

May all your dreams and wishes come true in the new year.

Due to the holiday, we plan to have new posts mostly as usual on Sunday, New Years Eve and off and on Monday, New Years Day. Please check our  BLOG PAGE  for all new posts. 

On New Years Eve we plan to have 11am and 6pm (ET) email Newsletters..

On Monday New Years Day, we plan to have a 11am (ET) and 6pm email Newsletters.

Please scroll down for new posts.

Merry Christmas from The Dinar Recaps Team

Please scroll down for new posts.

All of us at Dinar Recaps would like to wish all our Readers a Very Merry Christmas. 

We wish that all your dreams and wishes come true this coming year. 

Due to the holiday, we plan to have new posts off and on all day Monday. Please check our  BLOG PAGE  for all new posts. 

On Christmas Day we plan to have 11am and 6pm (ET) email Newsletters. 

Have a happy and safe holiday.  The Dinar Recaps Team

Picture from Viktor Hanacek at Picjumbo.com

Today is Giving Tuesday, Celebrated in 90 Countries!

Today is Giving Tuesday, Celebrated in 90 Countries!

The Dinar Recaps Team believes in giving back to the helpers who make our world a better place, one community at a time. Nongovernmental (NGO) and nonprofit (NPO) organizations work on the front lines every day to make a difference for those in need and to celebrate arts, culture, healthy living, and education for all.

While we wait, let’s think about all the ways we can help…

What is Giving Tuesday?

GivingTuesday is a global generosity movement that unleashes the power of radical generosity around the world.

GivingTuesday was created in 2012 as a simple idea: a day that encourages people to do good. Over the past nine years, this idea has grown into a global movement that inspires hundreds of millions of people to give, collaborate, and celebrate generosity.

GivingTuesday strives to build a world in which the catalytic power of generosity is at the heart of the society we build together, unlocking dignity, opportunity, and equity around the globe.

GivingTuesday’s global network collaborates year-round to inspire generosity around the world, with a common mission to build a world where generosity is part of everyday life.

What is radical generosity?

While many call on philanthropists, policymakers and grantmakers to repair broken systems, GivingTuesday recognizes that we each can drive an enormous amount of positive change by rooting our everyday actions, decisions and behavior in radical generosity—the concept that the suffering of others should be as intolerable to us as our own suffering. Radical generosity invites people in to give what they can to create systemic change.

When is Giving Tuesday?

Every day, although the annual celebration event will take place this year on November 28, 2023!

Who organizes GivingTuesday?

GivingTuesday is an independent nonprofit organization that is dedicated to unleashing the power of people and organizations to transform their communities and the world. The movement is organized in partnership with GivingTuesday’s global network of leaders, partners, communities and generous individuals.

Giving Tuesday’s ultimate goal is to create a more just and generous world, one where generosity is at the heart of the society we build together, unlocking dignity, opportunity, and equity around the globe.

What is a GivingTuesday COUNTRY movement?

GivingTuesday is hosted in 90 countries by leaders who are passionate about growing radical generosity. They rally nonprofits, businesses, and individuals throughout their countries. To get involved in GivingTuesday in your country, press the Join button in the menu.

What is a GivingTuesday COMMUNITY movement?

GivingTuesday Communities come together around a common geography (eg. city or state) or issue area to collaborate, innovate, transform, and inspire their communities to make a difference. These Community campaigns find creative ways to mobilize their networks, host volunteer events, raise funds for their local nonprofits, spark waves of kindness, and much more. Click here to find and connect with a local GivingTuesday community group where you live.

Who can participate?

Everyone! GivingTuesday has been built by a broad coalition of partners, including individuals, families, nonprofits, schools, religious organizations, small businesses and corporations. There are people and organizations participating in GivingTuesday in every country in the world.

Participating in GivingTuesday is about joining a movement for generosity, and there are so many ways to do that. Whether you give your voice, goods, your time, or your money, being generous is a way to fight for the causes you care about and help people in need.

What do you do on GivingTuesday?

On GivingTuesday, millions of people all around the world, use their power of radical generosity to change the world. They volunteer at homeless shelters, organize food drives, fill their community fridges, donate to mutual aid funds, spread messages of solidarity and hope.

Here are some ideas you might consider:

·      Share kindness with your neighbors.

·      Volunteer virtually or share your talents

·      Give your voice to a cause that matters to you

·      Discover a local fundraiser, community drive or coordinated event to join others in your area or with your same interests in giving back — they need your help. Search for opportunities here

·      Give to your favorite cause or a fundraiser to help those in need.

·      Talk about giving and generosity using the hashtag #GivingTuesday

So, how will you spread radical generosity in your community? Tell us in the comments below!

Happy Thanksgiving from Dinar Recaps

All of us at Dinar Recaps wishes all our readers a Happy Thanksgiving. Stay safe and healthy.

Note: we will not be doing a 10pm ET email Newsletter on Thursday.

Our 6pm Newsletter will likely be sent around 7pm (ET).

Please check our BLOG PAGE throughout the day for any new posts.

Goldilocks' Comments and Global Economic News for the evening of October 21st

Good evening Dinar Recaps,

Look for the Feds to continue tightening through raising of interest rates until the markets go to a real value.

This will send us into a liquidity crisis based upon a quadrillion-dollar derivatives deficit.

At this point, we will have real numbers to work with in moving forward with a reset in our economy.

© Goldilocks

https://finance.yahoo.com/news/morning-bid-americas-bond-squeeze-103609414.html

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Long lines at gas pumps are unlikely, but the Middle East crisis could disrupt oil supplies, raise prices

PressHerald Link

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Iraq making progress thanks to constructive reforms

"The third positive development is linked to Al-Sudani’s launch of long-overdue reforms in the banking and finance sectors. These fundamental reforms are vital due to the fact that they will tackle corruption in the financial and banking systems and lead to financial and economic growth."

Iraq moving to their own local currencies on the 1st of January 2024 will allow them to move forward with their banking reforms.

This will involve them moving from the dollar back to their native currency along with mechanisms in place that will tackle corruption.

© Goldilocks

https://www.arabnews.com/node/2394066
Oxford Reference Link

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Washington, D.C. —The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) today issued a letter extending the no-action position taken in CFTC Letter No. 22-03 regarding the compliance dates for certain amendments, adopted in November 2020, to the CFTC’s swap data reporting rules concerning block trades and post-initial cap sizes.

The letter states DMO will not recommend the CFTC take enforcement action against an entity for failure to comply with the block and cap amendments before July 1, 2024, provided the entity complies with the CFTC’s block trade and cap size requirements that were in effect on January 1, 2021.

https://www.cftc.gov/PressRoom/PressReleases/8809-

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Jim Willie: Gold, Silver To Rise To Forefront As Treasuries Break Down

https://youtu.be/rTncrwOLkMw?feature=shared

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Taxpayers bailed out the big banks in 2008.

Taxpayers are starting to bail out central banks in 2023.

The system is designed fair, right?

Read: https://x.com/goldtelegraph_/status/1715767960751796542?s=46

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Are we going to give people permission to change?
   Are people's past ways of thinking or saying or doing or being going to be held against them forever?
   People are waking up.  Are we willing to let people Evolve? Shift? Change?
   Nerves are frayed, patience is thin, defenses are up, and people are seeking justice & yet the truth about many things is still just bubbling to the surface to be revealed further...
   At this point.. information is all over the board.. who do you trust? who do you believe?
   No one is 100% right.. no one knows all the story or all the history or all the motives... There has been major f#ckery afoot.. but boy does lots of people have lots of different bits & pieces of the puzzle..
    Lots of people have also learned shocking new to them information about a lot of things they didn't know or realize or even considered before.
   People are waking up to so many things on so many layers & levels. As they do that, they're going to change their whole way of thinking & being. Are we going to let them?
   Online is so divisive right now with so much on the verge & causing so much negativity, fear, finger pointing & suffering.. preventing The People from coming together.. People are losing sight of the forest & they are getting stuck in the trees & weeds...
   As awake or aware as however many of us there are for however long as we have.. we have got to have some patience now when it's most important, with ourselves & for others, as we all shift. As conscious awareness awakens more & more, have patience for your fellow human...
   Patience.. an 8-letter swear word. Brain breaks & heart aches & the sheer amount of disappointment & disheartening things going on right now.. are things that many of us have to remember on behalf of others is that we became aware of a lot of info over time & had some time to process but now this is coming rapid fire & building & very heavy...
   People are also changing their minds, having a change of heart, reconsidering things in a new light, caring about things they never cared about before & learning about things that suck...
   Many haven't even had time to know that it's going to be okay yet.. that some things have to break open & be rebuilt & we're going to be okay because they are in it with close friendships, families, and communities all changing at the same time.  
   Can you remember the times when you learned about things that sucked? That you had to hear it a couple of times before considering it because it sucked so bad? Can you remember when you first tried to talk to others about something you learned & had dived into further, for others to dismiss it, laugh at you or label you a tinfoil hatter?  Many of us joke about it now but we had time to learn to brush off the pushback received from trying to share controversial information that was against accepted known knowledge or long-held beliefs...
  We gotta give people a bit of a break & wait & see..  it's not instant & some previous bad guys who've grown a conscience are going to make great whistleblowers.
   We have to remember no one knows the whole story about anything right now & trusting your own intuition, using your common sense & critical thinking skills & remembering a perspective of the bigger picture is going to help everyone...
   Questioning is good.. but only following or believing 1 person or 1 group or 1 movement will keep people in the weeds...
   It's not the time to take a hard line of black & white, who is absolutely right or truthful or not & wrong.. because in order to put the puzzle together this time we need to flow.. work together, dismiss egos, figure it out, work it out & expose hidden truth to put the pieces together so we can change it.
   Whoever you read, listen to, or watch..Take the bits that resonate with you & dismiss the rest.. because actual mis & disinformation is being used against The People as they discover or reveal the truths that have been actively hidden that they've learned of or experienced.
    Remember to pull out of the muck, exercise patience & see the Forest for the Trees

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$84,500,000,000 Exits JPMorgan Chase, Wells Fargo and Citigroup in Three Months As Depositors Take Flight

DailyHodl Link

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War wakes gold up

SchiffGold Link

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Thank you Dinar Recaps

Goldilocks' Comments and Global Economic News for Sunday evening, September 3, 2023

Good evening Dinar Recaps,

Goldilocks posted comments and news links on the global financial system

The markets and banking system have made their preparations for our transition into the new economy.

The new capital requirements for the banking system will be tested this month as the banking system returns to the Debt Market.

This is the place where bonds are bought and sold to build infrastructure rise and fall. It is an important month for the banking system to test these new capital requirements.

These new Basel 3 requirements will be adjusted if need be this month. This includes the commodity market's participation in growth due to higher requirements on gold as an asset for the banking system.

I would classify this month as an adjustment period to see if these new requirements hold or need more changes. It will tell us the economic ranges we are in enabling us to expand or contract.

© Goldilocks

Investopedia Link

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Will sharing a digital yuan QR code with Alipay, WeChat Pay drive adoption? - Ledger Insights - blockchain for enterprise
https://www.ledgerinsights.com/digital-yuan-qr-code/

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Multipolar Market on X

https://twitter.com/MultiPolarMarkt/status/1698311979323015507?t=RMCwv5NCm9HrnlJZYaFHyw&s=35

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How Have Mortgage Rates Hit Home Sales & Inventory? Where Will Inflation & Long-Term Rates Go? Have Credit Cards Propped up Consumers Spending? | Wolf Street
https://wolfstreet.com/2023/09/03/how-mortgage-rates-hit-home-sales-inventory-where-will-inflation-long-term-rates-go-did-credit-cards-prop-up-consumers-spending/

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Well, well, well #China and #SaudiArabia dump $114.5 Billion #USTreasury bonds. I keep asking the question, if the #USD #Petrodollar agreement is dropped and all other currencies are accepted for #oil. Who will make the bondholders whole?
Well, if these nations keep off losing their positions, it won't be a question at all, now will it?
dailyhodl.com/2023/09/02/114…

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Financial Assets Are Now Set To Seriously Deflate | King World News
https://kingworldnews.com/financial-assets-are-now-set-to-seriously-deflate/

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Treasury and IRS Issue Proposed Regulations for Tax Reporting Requirements on Digital Asset Transactions | Sullivan & Worcester - JDSupra
https://www.jdsupra.com/legalnews/treasury-and-irs-issue-proposed-1008175/

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Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline

Goldilocks' Telegram Room

Q & A Telegram Room

Goldilocks on the Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Note from Dinar Recaps

Two Dinar Recaps team members are currently hospitalized, with one having had emergency surgery on Thursday morning. As a result, we have been light on new posts over the past two days.

We hope to return to a more normal posting volume this weekend.

We appreciate your understanding and thank you as always for being a valued Dinar Recaps reader.

The Dinar Recaps Team