Goldilocks' Comments and Global Economic News Wednesday Evening 1-24-24
Goldilocks' Comments and Global Economic News Wednesday Evening 1-24-24
Good Evening Dinar Recaps,
A Rewiring of the World’s Biggest Bond Market Will Transform Trading
"Securities and Exchange Commission Chair Gary Gensler, who once oversaw federal debt management at the US Treasury, has championed a move to require the vast majority of Treasuries trading to migrate to a central counterparty clearinghouse — an intermediary between buyers and sellers that assumes ultimate responsibility for the transaction."
This movement of the Bond Market or US Treasuries to a Central Clearing House for Market transactions creates a burden of care upon the dealers to screen their clients more carefully in trading transactions between two parties such as foreign currency trades.
This will create less liquidity taking place in a trade, but the ability to collateralize one's transactions will secure all parties involved. It will shift a lot of responsibility toward the Commodities Futures Trading Commission (CFTC) where many of our new tokenized assets going forward will be governed.
This is all part of the new transition of the markets into a new digital economy. Yahoo Finance
© Goldilocks
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Goldilocks' Comments and Global Economic News Wednesday Evening 1-24-24
Good Evening Dinar Recaps,
A Rewiring of the World’s Biggest Bond Market Will Transform Trading
"Securities and Exchange Commission Chair Gary Gensler, who once oversaw federal debt management at the US Treasury, has championed a move to require the vast majority of Treasuries trading to migrate to a central counterparty clearinghouse — an intermediary between buyers and sellers that assumes ultimate responsibility for the transaction."
This movement of the Bond Market or US Treasuries to a Central Clearing House for Market transactions creates a burden of care upon the dealers to screen their clients more carefully in trading transactions between two parties such as foreign currency trades.
This will create less liquidity taking place in a trade, but the ability to collateralize one's transactions will secure all parties involved. It will shift a lot of responsibility toward the Commodities Futures Trading Commission (CFTC) where many of our new tokenized assets going forward will be governed.
This is all part of the new transition of the markets into a new digital economy. Yahoo Finance
© Goldilocks
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Bitcoin-based stablecoin could rival modern stablecoins in 2024 | CryptoTvplus - The Leading Blockchain Media Firm
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Consistent regulatory approach globally and technical standardisations across different blockchains will be key to widespread adoption of stablecoins. | Regulation Asia
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Novo rolls out an embedded payroll tool for small businesses | Banking Dive
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More News, Rumors and Opinions Wednesday Afternoon 1-24-2024
KTFA:
Clare: The United Nations announces the opening of an urgent investigation into its employees receiving bribes in Iraq
1/24/2024
The United Nations Development Program announced, on Wednesday, the opening of an investigation and taking the necessary measures regarding a report that revealed yesterday the involvement of employees of the United Nations Development Program in Iraq in taking bribes to pass projects related to the reconstruction of Iraq, since 2003.
A statement from the official spokesman for the United Nations Development Programme, received by Shafaq News Agency, said: “In response to what was stated in the article recently published in the British newspaper The Guardian regarding the stabilization program for the liberated areas of the United Nations Development Programme in Iraq, the United Nations Development Program would like to declare that we We take all allegations seriously and investigate them promptly, and will take firm and appropriate action if any of these allegations prove true.”
KTFA:
Clare: The United Nations announces the opening of an urgent investigation into its employees receiving bribes in Iraq
1/24/2024
The United Nations Development Program announced, on Wednesday, the opening of an investigation and taking the necessary measures regarding a report that revealed yesterday the involvement of employees of the United Nations Development Program in Iraq in taking bribes to pass projects related to the reconstruction of Iraq, since 2003.
A statement from the official spokesman for the United Nations Development Programme, received by Shafaq News Agency, said: “In response to what was stated in the article recently published in the British newspaper The Guardian regarding the stabilization program for the liberated areas of the United Nations Development Programme in Iraq, the United Nations Development Program would like to declare that we We take all allegations seriously and investigate them promptly, and will take firm and appropriate action if any of these allegations prove true.”
He continued: “UNDP has zero tolerance for fraud and corruption, and this applies to all UNDP employees, non-UNDP employees, suppliers, implementing partners and responsible parties.”
The statement explained, "Zero tolerance does not mean there are no risks. The United Nations Development Program has been transparent with donors, partners and the general public about the risks and operational challenges that have followed years of conflict in Iraq."
He pointed out that “any allegation of bribery, corruption or fraud is comprehensively assessed and, where appropriate, investigated by the Independent Audit and Investigations Office of the United Nations Development Programme.” LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 It was a paradigm shift is what happened in Davos...INVESTORS AT DAVOS = AN ACCELERATION OF SUPPLY & DEMAND TO THE IQD IN AN INTERNATIONAL FLOAT = VALUE ADDED TO THE IQD BASKET!
Paulette The basket of currencies is what they intend to peg to instead of just pegging to one currency - the USD...This is what the CBI and the GOI has stated...If they are pegged to just one currency, if the value (purchasing power) of that currency drops significantly, so does the value (purchasing power) of the IQD. If they are pegged to a basket a currencies, if one drops the others keep the IQD "propped up". This is extremely important to Iraq as they are predominantly an import country. This is precisely what they stated years ago...Bottom line, the pegging to a basket is to maintain the purchasing power and stability of the currency and not a singular event to increase the IQD purchasing power.
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TNT:
CandyKisses: Makiya: Iraq is looking forward to greater activation of economic relations with the UAE
Economy Baghdad News
The head of the National Investment Commission, Haider Mohammed Makiya, said on Wednesday that Iraq is looking forward to greater activation of bilateral economic relations with the United Arab Emirates.
The commission said in a statement, seen by "Economy News", that "the Chairman of the National Investment Commission, Haider Mohammed Makiya, received the Ambassador of the United Arab Emirates to Iraq, Salem Issa Ali Al-Qatam Al-Zaabi, and received an invitation to participate in the World Government Summit for the year 2024
Alert! The U.S. IS NOW BOMBING IRAQ With IRAN NEXT! Do You Believe In Coincidences?
Greg Mannarino: 1-24-2024
U.S. Airstrikes Iraq, Argentina Economy Collapses, China Drops $280B Bombshell
Sean Foo: 1-24-2024
The Middle East crisis just escalated again with America striking Iraq. This threatens to unleash more attacks on the Red Sea, igniting a new inflation crisis.
Meanwhile, Argentina's economy collapses further as Milei is bracing for a bigger crash before things get better.
Finally, we must talk about China's big 2 trillion Yuan bailout of the stock market.
Timestamps & Chapters:
0:00 US Strikes Iraq
2:18 Inflation Crisis Coming
6:29 Argentina's Collapse Worsens
9:33 China's $278 Billion Rescue
12:15 A Chinese Opportunity?
Goldilocks' Comments and Global Economic News Wednesday AM 1-24-24
Goldilocks' Comments and Global Economic News Wednesday AM 1-24-24
Good Morning Dinar Recaps,
Figure Technologies Incorporated is looking for regulatory approval from US authorities.
They are looking to initiate to the public an interest-bearing stablecoin. It will establish a new category for stablecoins.
This particular stablecoin will give Federal legitimacy to the new digital economy.
If approved, Figure Technologies Incorporated will be the first issuer of a stablecoin regulated as a security in the United States.
The stablecoin will accrue daily interest, and it will distribute a monthly gain to their holders.
The interest will come from reserves backed by the Treasury, Commercial Paper (cash), Corporate Bonds (SOFR) and other assets.
© Goldilocks
Goldilocks' Comments and Global Economic News Wednesday AM 1-24-24
Good Morning Dinar Recaps,
Figure Technologies Incorporated is looking for regulatory approval from US authorities.
They are looking to initiate to the public an interest-bearing stablecoin. It will establish a new category for stablecoins.
This particular stablecoin will give Federal legitimacy to the new digital economy.
If approved, Figure Technologies Incorporated will be the first issuer of a stablecoin regulated as a security in the United States.
The stablecoin will accrue daily interest, and it will distribute a monthly gain to their holders.
The interest will come from reserves backed by the Treasury, Commercial Paper (cash), Corporate Bonds (SOFR) and other assets. CryptoNewsFlash Link
© Goldilocks
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"To:
Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties
The Securities and Exchange Commission (SEC) has adopted final rules that shorten the standard settlement cycle for most broker-dealer transactions from the second business day after the trade date (T+2) to the first business day after the trade date (T+1). The compliance date for this change is May 28, 2024."
The final rule means it's being implemented now, and all banks have until the end of May to be compliant. This does not affect currency rate changes.
The next and final step later this year is to go to instant settlement cycles. OCC Link
© Goldilocks
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Two important events this week could determine the future of Fed rate policy | CNBC
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Banking Announcement:
The disruption to traffic via the Red Sea/Suez Canal route could continue for months.
The higher freight costs and the delays in deliveries could reignite inflation.
Central bank interest rate cuts could be delayed by a few months if monetary policymakers see an uptick in inflation.
OilPrice Link
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Digital economy named as one of the main vectors of co-operation between Russia and India | TV BRICS, 22.01.24
"We are united by the common goal of building the most modern infrastructure, creating a safe and comfortable urban environment. One of the most promising areas of our co-operation is undoubtedly information technology and digital economy. India and Russia are striving to become leaders in this field, and joining forces can create a synergistic effect," Cheremin said.
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From stall to supermarkets, India’s QR codes show the future of payments. India’s Unified Payments Interface revolutionises finance for more than 1 billion people The Sydney Morning Herald
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2024-01-22 07:13:55
Vietnam Digital Freight Forwarding Market Precision Pathways Navigating the Importance of Market Segmentation | Taiwan News
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Trade settlement in Chinese RMB soars 600pc | Business Recorder
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UK Regulators Consult on Operational Resilience for Critical Third Parties | Katten Muchin Rosenman LLP | JDSupra
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Economic Thoughts From Andy Schectman and Alasdair Macleod 1-24-2024
Decay Of The Dollar Accelerating | Andy Schectman
Liberty and Finance: 1-23-2024
Hot off the main stage at the Vancouver Resource Investment Conference, Andy Schectman, CEO and president of Miles Franklin declares, “There are dramatic changes ahead,” and, "people have no idea what's coming.”
People can sense that something is not right, but many can't pinpoint the issue. The fall of the Dollar's hegemony has been accelerating, says Schectman.
Listen now to get Andy’s key takeaways and personal candid remarks following this major international conference!
Decay Of The Dollar Accelerating | Andy Schectman
Liberty and Finance: 1-23-2024
Hot off the main stage at the Vancouver Resource Investment Conference, Andy Schectman, CEO and president of Miles Franklin declares, “There are dramatic changes ahead,” and, "people have no idea what's coming.”
People can sense that something is not right, but many can't pinpoint the issue. The fall of the Dollar's hegemony has been accelerating, says Schectman.
Listen now to get Andy’s key takeaways and personal candid remarks following this major international conference!
INTERVIEW TIMELINE:
0:00 Intro
1:30 Vancouver conference
4:50 Decline in the Dollar
"Volatility isn’t in gold or oil, it’s in the dollar!" Feat. Alasdair Macleod - LFTV Ep 156
Kinesis Money: 1-22-2024
In this week’s episode of Live from the Vault, Andrew Maguire is joined by Alasdair Macleod, stockbroker and Head of Research for Goldmoney, to exchange views on the US dollar hegemony and its impact on the price of gold.
Giving an update on the de-dollarisation process and the geopolitical impact of tensions in the Middle East affecting the global economy, the precious metals experts take us through the debt trap the US has fallen into.
Timestamps:
00:00 Start
03:45 Is gold money and everything else credit?
07:30 Is the US government in a debt trap?
17:00 Why the US has to pivot on interest rates
28:30 Updates on the de-dollarisation process
42:20 Credit is losing its purchasing power, and everything is credit
"Tidbits From TNT" Wednesday Morning 1-24-2024
TNT:
Tishwash: The Spanish Minister of Foreign Affairs, European Union and Cooperation visits Baghdad today
The Spanish Minister of Foreign Affairs, European Union and Cooperation, Jose Manuel, will arrive in Baghdad this evening, Wednesday, on an official visit, to begin his visit program tomorrow morning.
The Iraqi Foreign Ministry said in a statement, a copy of which {Al-Furat News} received, that Manuel "will meet with Deputy Prime Minister and Foreign Minister Fuad Hussein, then meet with the President of the Republic, Abdul Latif Jamal Rashid, and the Prime Minister, Muhammad Shiaa al-Sudani."
It was stated that "the visit will focus on bilateral relations within the framework of enhancing joint cooperation between the two friendly countries." link
TNT:
Tishwash: The Spanish Minister of Foreign Affairs, European Union and Cooperation visits Baghdad today
The Spanish Minister of Foreign Affairs, European Union and Cooperation, Jose Manuel, will arrive in Baghdad this evening, Wednesday, on an official visit, to begin his visit program tomorrow morning.
The Iraqi Foreign Ministry said in a statement, a copy of which {Al-Furat News} received, that Manuel "will meet with Deputy Prime Minister and Foreign Minister Fuad Hussein, then meet with the President of the Republic, Abdul Latif Jamal Rashid, and the Prime Minister, Muhammad Shiaa al-Sudani."
It was stated that "the visit will focus on bilateral relations within the framework of enhancing joint cooperation between the two friendly countries." link
Tishwash: urgent Iraq is preparing a complaint to the Security Council against the American bombing
The Iraqi Ministry of Foreign Affairs condemned the American bombing on Popular Mobilization Forces positions in the Babil and Anbar governorates at dawn on Wednesday.
Its statement stated, "The government of the Republic of Iraq expresses its strong denunciation and condemnation of the American aggression against the provinces of Babylon and Anbar, represented by the bombing of safe Iraqi military places with large bombs, which led to casualties among members of the security forces."
The statement added, "The government of the Republic of Iraq considers this behavior an aggression against the sovereignty of Iraq and the security of the Iraqi people, and an abuse of the implementation of the security agreement between the United States and Iraq and reflects strongly on the security of the region."
The statement indicated that the Iraqi government "confirms that it will take all legal measures against him, including submitting a complaint to the UN Security Council." link
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Tishwash: Iraqi-international coordination to begin implementing the “electric bus” in Baghdad
The Ministry of Transport has begun activating the electric bus project in Baghdad, as part of its plan to reduce traffic congestion, in coordination with the World Bank.
Director of the Ministry's Media Office, Maytham Al-Safi, explained, "The Ministry seeks to restart mass transportation projects in the capital, Baghdad, as it serves many segments of people with limited income, in addition to reducing the traffic congestion that the city witnesses on a daily basis and the environmentally polluting emissions it produces."
He pointed to "coordination in this regard with the World Bank to implement the electric bus project, or the so-called (Baghdad Bus Project), to provide support to the Ministry of Transport, specifically the General Company for Passenger Transport, for the purpose of purchasing modern electric buses that transport citizens within the capital."
He noted "the identification of mass transportation routes in Baghdad and the modern mechanisms included in the project, as well as the preparation of comprehensive studies and the employment of available resources to make the work successful in it, as well as setting a time frame for its launch," pointing out that "the project will not be limited to the capital and will include a number of governorates, Including the governorates of Dhi Qar, Salah al-Din, and Anbar, provided that its activation in the rest of the governorates will be studied successively.”
Al-Safi stated, “The Ministry has begun implementing mass transportation plans, by sending red buses to operate on the main streets in Baghdad and the governorates and determining their routes, in addition to organizing the work of public transportation garages and introducing the latest electronic systems to follow up on violations within them, in addition to rehabilitating a large number of them.” link
Mot: . sooooooooo thankful fer the Scammers out there!!!
Mot: ... What a Pair!!!
News, Rumors and Opinions Wednesday AM 1-24-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 24 Jan. 2024
Compiled Wed. 24 Jan. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Judy Note: What we think we know as of Tues. 23 Jan: All intel providers are either under NDAs or were neither receiving or giving out Intel. As of Tues. 23 Jan. banks across the World not Basel III compliant (have gold/asset-backed currency), will be closed – which will likely lead to a Global Financial Collapse and immediate need for a Global Currency Reset. The Chinese Elders have already released the funds to make it happen.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 24 Jan. 2024
Compiled Wed. 24 Jan. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Judy Note: What we think we know as of Tues. 23 Jan: All intel providers are either under NDAs or were neither receiving or giving out Intel. As of Tues. 23 Jan. banks across the World not Basel III compliant (have gold/asset-backed currency), will be closed – which will likely lead to a Global Financial Collapse and immediate need for a Global Currency Reset. The Chinese Elders have (allegedly) already released the funds to make it happen.
Tues. 23 Jan. 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#: According to the local bank staff members were going in today, with more going in tomorrow with a purpose to make appointments to exchange foreign currency and Zim Bonds. The numbers for Tier4a,b (Us, the Internet Group) to make appointments could come out tomorrow Wed. 24 Jan.
Global Financial Crisis: (RUMORS)
Before the US dollar actually had a real value and was backed by silver. Today, like the currency of most nations, the Federal Reserve dollar is fiat money, un-backed by any physical asset, which means they can basically print as much money as they want and it’s backed entirely by the full faith of its people and trust in the government that issued it.
Timing: (RUMORS)
On 21 Nov. 2022 (Thanksgiving) a Global Currency Reset agreement was (allegedly) signed by 209 nations in Geneva Switzerland and the US Treasury signed an agreement with the Chinese Elders. …Dave XRP Lion
Thurs. 11 Jan. was the start of a (allegedly) worldwide financial Armageddon as it was the end of the Deep State Banks Reverse Repurchase Agreements they had created to cover up their bank bankruptcies that began in 2008.
On Mon. 15 Jan. the Global Financial System (allegedly) moved from the old fiat SWIFT System to the gold/asset-backed Quantum Financial System.
By Tues. 23 Jan. Basel III Compliance was (allegedly) finalized for all banks across the Globe. In other words, the bank’s monies must be gold/ asset backed or they would be closed down – setting the stage for a Global Financial Collapse – that would be saved by a Global Currency Reset.
By the end of this week all Navy ships will be in (allegedly) position around the world (22 different time zones) waiting for the go signal. Confirmed by Military sources. …Amiel Alston on Telegram Fri. 19 Jan.
The fiat US Dollar would be (allegedly) considered useless by 11 March 2024.
Read full post here: https://dinarchronicles.com/2024/01/24/restored-republic-via-a-gcr-update-as-of-january-24-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Question: "Does it RI once it goes international?" That's the reason why it would go international because it would be a rate change, it would be equivalent to a reinstatement to the value of the currency.
Mnt Goat On the sidelines of the Davos Forum...held in Switzerland last week, Iraqi Prime Minister Al-Sudani and his accompanying delegation, and Ali Al-Alaq, Governor of the Central Bank, continued to hold meetings, understandings, and negotiations with the World Bank, the International Monetary Fund, the President of the European Bank for
Reconstruction, the American bank, J.P. Morgan, and international financial institutions, with the aim of accelerating the procedures that… and I quote – “It is implemented by the government in cooperation with the Central Bank towards achieving financial and banking reform”. ... It is all VERY GOOD news for us investors.
De-dollarization: BRICS Will Issue $28 BILLION In Local Currency Bonds To Developing Countries
Lena Petrova: 1-23-2024
Goldilocks' Comments and Global Economic News Tuesday Evening 1-23-24
Goldilocks' Comments and Global Economic News Tuesday Evening 1-23-24
Good evening Dinar Recaps,
"On 27 December 2023, the Hong Kong Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly issued a consultation paper1 (the Consultation) proposing regulatory regime for fiat-referenced stablecoin (FRS)2 issuers in Hong Kong.
The Consultation aims to establish licensing, supervision, and enforcement measures that align with global standards to effectively control the existing and potential risks linked to the development of stablecoins in Hong Kong.
The HKMA plans to launch a "regulatory sandbox" for potential issuers to facilitate the observation of stablecoins at the regulatory level in a controlled environment and will shortly be announcing the details of the arrangement."
We have gone over what a sandbox is before in this room. A sandbox is used to test and prepare for regulation a group of assets, and this one is testing Stablecoins. Stablecoins represent a currency inside of a country. In order for Hong Kong to test the currencies that trade with them in digital format, they are going through this testing period, so they can prepare these new Stablecoins for regulation under Global Standards on the new digital economy.
Goldilocks' Comments and Global Economic News Tuesday Evening 1-23-24
Good evening Dinar Recaps,
"On 27 December 2023, the Hong Kong Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly issued a consultation paper1 (the Consultation) proposing regulatory regime for fiat-referenced stablecoin (FRS)2 issuers in Hong Kong.
The Consultation aims to establish licensing, supervision, and enforcement measures that align with global standards to effectively control the existing and potential risks linked to the development of stablecoins in Hong Kong.
The HKMA plans to launch a "regulatory sandbox" for potential issuers to facilitate the observation of stablecoins at the regulatory level in a controlled environment and will shortly be announcing the details of the arrangement."
We have gone over what a sandbox is before in this room. A sandbox is used to test and prepare for regulation a group of assets, and this one is testing Stablecoins. Stablecoins represent a currency inside of a country. In order for Hong Kong to test the currencies that trade with them in digital format, they are going through this testing period, so they can prepare these new Stablecoins for regulation under Global Standards on the new digital economy.
This will give us more clarity on the payment side of the new digital economy. On February the 29th, 2024, this consultation period will be over. At that time, they will be able to move forward with their Stablecoin in Hong Kong.
The beauty of this venue is that several other stablecoins will be tested and capable of being regulated according to Global Standards through this process as well.
This puts us inside the implementation stage for stablecoins to begin adoption into the new Digital asset-based Trading System. These new stablecoins on the new digital economy will then be able to put price pressures on the foreign currencies from around the world.
© Goldilocks
https://www.jdsupra.com/legalnews/hk-licensing-regulatory-sandbox-for-7963008/
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👆 👇 Freedom Fighter and Jester will break down these two articles on the SNL Call 👆 👇
➡️ SNL Call 1/27/24 at 9pm EST ~: LINK
➡️ SNL Q and A opens the day of the call ~ Link
👆 👇 Freedom Fighter and Jester will break down these two articles on the SNL Call 👆 👇
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"Between now and March the 11th, 2024, many adjustments will be made to secure company growth through these new Basel 3 Capital requirements. At that time, old liquidity will give way to a commodity-based support system."
Do you remember this quote by me on January 16th, 2024? On that day, we shared an article together on how the old liquidity system is going away and the reliance on a commodity-based system will be emerging early March.
Take a close look at the article today and see how all of these steps since the beginning of January and even January of 2 years ago have been layering themselves one on top of the other getting us to the point where we can start seeing price pressures starting to be made on the Forex currency markets.
Below is the old article for your viewing. Read for yourself, it is in black and white from Governmental Financial resources. The first one will give you the date you're looking to see.
This shift will begin putting price pressures on gold, paper currencies, and our new digital assets because of their connection to one another going forward. Banking Dive Link ISDA Link
© Goldilocks
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The new language of payments: BAFT releases whitepaper on navigating the ISO 20022 transition | Trade Finance Global
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Artificial intelligence in central banking
Central banks have been early adopters of machine learning techniques for statistics, macro analysis, payment systems oversight and supervision, with considerable success.
Artificial intelligence brings many opportunities in support of central bank mandates, but also challenges – some general and others specific to central banks.
Central bank collaboration, for instance through knowledge-sharing and pooling of expertise, holds great promise in keeping central banks at the vanguard of developments in artificial intelligence.
https://www.bis.org/publ/bisbull84.htm
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Protocol 20 Vote is One Week Out
On January 30th, the network's validators will cast their votes, and if they approve the upgrade, the Stellar network will immediately switch from Protocol 19 to Protocol 20.
This is super important and exciting!
After more than two years of technical discussions, hundreds of thousands of lines of code, and over 150 projects (that we know of) deployed on Testnet, the upgrade will mark the era of a new Stellar smart contracts tech stack, one that delivers productivity through a batteries-included developer experience built to scale.
That said, validators are opting to increase capacity for Soroban transactions on Mainnet through a phased approach. The limited capacity for Soroban transactions on Mainnet means that Soroban dapps won’t be ready for use at scale until later phases. Limits on transactions that make use of existing Stellar operations won't be impacted, which means existing applications will continue uninterrupted.
With one week left before the vote, please upgrade all of your mission-critical software in preparation for Protocol 20. A new era of the Stellar Network is upon us, make sure you’re ready for it! Stellar Blog
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After Coronavirus 'War,' Bretton Woods-Style Shakeup Could Dethrone the Dollar
Remember, we have talked several times in this room that currency revaluations happen during or just after a war. It has happened time after time throughout history. Coin Desk Link
© Goldilocks
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"What is the difference between distressed and opportunistic credit?
Dedicated distressed credit funds have almost 'disappeared' and been replaced by opportunistic credit or 'special situations' funds which typically target a much less cyclical opportunity set that is less dependent on a default cycle while retaining flexibility to invest in bankruptcy and restructuring scenarios."
"It may be helpful to think of opportunistic credit as an investment in dislocation. Put simply, it's a strategy that seeks to capitalize on periodic disruptions across public and private credit markets that can cause assets to become mispriced."
Take a look at these articles below, and you will notice how many companies are currently restructuring their debt and moving into opportunistic credit.
© Goldilocks
The Frontier Line
AB - AllianceBernstein
SEC Link
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👆 We are revaluing and refactoring in new prices on all sectors of the market going forward.
Forex is one of them.
© Goldilocks
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"Agents of foreign remittance service providers ( Western Union, MoneyGram ) and external remittances."
Iraq is sharing with us their ways of moving money from one country to another. This can be done individually, through a business, or government transactions.
© Goldilocks
https://cbi.iq/news/view/2506
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Treasury officials call for action from US policymakers to regulate crypto before the next crisis hits | The Block
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FTX Sold About $1B of Grayscale's Bitcoin ETF (GBTC): Sources | Coindesk
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Tuesday Evening Chat With MarkZ 1-23-2024
Tuesday Evening News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Mod: HELLO EVERYONE! HOPE YOU ALL ARE HANGING IN THERE.
Member: Good evening Mark and Mods. Got good news tonight Mark?
MZ: There is an enormous piece of news I bet is already swamping the boards .Somewhere in the last 48 hours appearing on the website of the Bank of International Settlements (BIS) .
MZ: “Central Bank and Monetary Authority Websites” Scroll down and click the “I” button. In Iraq they have made it to the BIS website now as a “Central Bank” I believe this is an enormous sign that we are about to see a “boom “ in the World Trade Organization. To me this is a big one.
Tuesday Evening News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Mod: HELLO EVERYONE! HOPE YOU ALL ARE HANGING IN THERE.
Member: Good evening Mark and Mods. Got good news tonight Mark?
MZ: There is an enormous piece of news I bet is already swamping the boards .Somewhere in the last 48 hours appearing on the website of the Bank of International Settlements (BIS) .
MZ: “Central Bank and Monetary Authority Websites” Scroll down and click the “I” button. In Iraq they have made it to the BIS website now as a “Central Bank” I believe this is an enormous sign that we are about to see a “boom “ in the World Trade Organization. To me this is a big one.
Member: When the IQD goes into a basket- will it go up or down within a few days?
MZ: It will immediately go up …you won’t see a dip when the attache to the foreign basket of middle eastern currencies. .
Member: TNT Tony says Friday thru Sunday
Member: If it comes out 1 to 1. I’m out of here headed to bank !
MZ: This one –well, I don’t know how seriously to take it …I will send it to my best “litmus testers” and see what they think… “Insider Info: 400 thousand Wells Fargo and HSBC emails unleash financial redemption and skyrocket Zim bond wealth” This is from Gazette Teller. This certainly hits the right sound buttons but may be us getting “trolled” So don’t read to much into it.
Member: I have a cousin …VP for bank said yes to new currency but is under NDA
Member: Do you think we are going to have a Debt Jubilee?
MZ: Yes I do. If you follow history you will know we are going to have a debt jubilee. Economists from all over the world tell us the only way forward is with a debt jubilee. The world wide debt load is untenable.
Member: Envision the world that you want and see yourself living in it, manifest what you want
Member: I can feel it in my fingers, I can feel it in my toes, RV is all around us and everybody knows”
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
More News, Rumors and Opinions Tuesday PM 1-23-2024
KTFA:
Clare: Working Party Chair visits Baghdad to hold high-level consultations on Iraq’s accession
16 JANUARY 2024
ACCESSIONS
The Chair of Iraq’s Accession Working Party, Ambassador Saqer AlMoqbel of the Kingdom of Saudi Arabia, visited Baghdad on 15-16 January 2024 to galvanize political support for the resumption of Iraq’s WTO accession process.
The Chair engaged in high-level meetings with the Government, emphasizing the importance of the accession process to advance Baghdad’s economic reforms. The Government of Iraq affirmed its full commitment to an early resumption of the process by enacting the necessary economic and legal reforms.
KTFA:
Clare: Working Party Chair visits Baghdad to hold high-level consultations on Iraq’s accession
16 JANUARY 2024
ACCESSIONS
The Chair of Iraq’s Accession Working Party, Ambassador Saqer AlMoqbel of the Kingdom of Saudi Arabia, visited Baghdad on 15-16 January 2024 to galvanize political support for the resumption of Iraq’s WTO accession process.
The Chair engaged in high-level meetings with the Government, emphasizing the importance of the accession process to advance Baghdad’s economic reforms. The Government of Iraq affirmed its full commitment to an early resumption of the process by enacting the necessary economic and legal reforms.
The Chair's visit was the first by a WTO delegation to Iraq, whose accession process started in 2004. It focused on the resumption of the work of Iraq's Working Party, which last met formally in April 2008. His visit started with a meeting with President Abdul Latif Rashid, who affirmed “Iraq's keenness to join the WTO by achieving the commercial and economic standards” and highlighted the work of Iraq's National Committee on WTO Accession to prepare for the formal resumption.
During his two-day visit, the Chair also met with Deputy Prime Minister and Minister of Planning Mohamed Tamim, Minister of Trade and Chair of the Iraqi National Committee on WTO Accession Atheer Al Ghurairi, the Head of the Parliamentary Economic Industry and Trade Committee Ahmed Al Kinani and the Representative for the Minister of Foreign Affairs Mohammad Hussain Al Uloom. He was also invited to attend the 36th meeting of the Iraqi National Committee on WTO Accession.
Ambassador AlMoqbel, appointed as Chair in June 2023, stressed the strategic importance of Iraq's accession for the WTO membership, and especially for the Arab region, which is currently one of the most underrepresented in the organization.
“Iraq is one of the largest economies which remains outside the multilateral trading system,” he said, highlighting the benefits of WTO membership for Saudi Arabia, which joined the organization in 2005. “Given its strategic location, Iraq's integration into the global economy through WTO membership can help deepen regional economic integration, which in turn can contribute to peace and security in the region,” he added.
All meetings confirmed the strong political will to accede to the WTO by the government, which believes that the accession process can contribute to “consolidating security and stability, developing economic activity, encouraging foreign investment in the country, in addition to consolidating relations with neighbouring countries and the world,” as explained by President Rashid.
Despite the lack of formal engagement since 2008, the Working Party met informally in November 2017 and discussed how to reactivate its technical work. In 2022, Iraq circulated eight key accession documents, including the revised Memorandum on the Foreign Trade Regime (MFTR), replies to members' questions, a revised Legislative Action Plan, updated information on agricultural domestic support, and questionnaires on import licensing and customs valuation,
During the visit to Baghdad, the Chair was informed that Iraq's initial market access offers on goods and services would be circulated soon, in preparation for holding the 3rd meeting of the Working Party in the middle of 2024.
The team in the Ministry of Trade will “take real steps that will shorten the path to Iraq's accession to the World Trade Organization and ultimately benefit from the advantages offered by this accession,” indicated Minister Al Ghurairi.
The Chair also met with representatives of the European Union and the United States as well as the International Trade Centre (ITC), which provide technical assistance to Iraq. “Addressing Iraq's technical assistance needs would go a long way in facilitating the resumption of the accession work,” he noted.
Clare: Parliamentary Economy indicates the risks of the “parallel market”: “important” sessions with the Central Bank next week
1/23/2024 Baghdad
The Parliamentary Economics Committee pointed out the dangers of the “parallel market,” while revealing “important” sessions with Central Bank of Iraq officials next week in order to coordinate and support the market.
Parallel market risks
Today, Tuesday (January 23, 2024), a member of the Parliamentary Economics Committee, MP Briar Rashid, monitored the danger of the “parallel market” in Iraq.
Rashid said in an interview with “Baghdad Today,” that “many factors contributed to creating the parallel market for dollar exchange in Iraq, which is currently far from the official price set by the Central Bank at about 20 thousand dinars for every 100 dollars ( The official price is 132 thousand dinars for every 100 dollars). $)".
Coordination with the central
Rashid pointed out that “the continuing gap between the parallel and the official is putting strong pressure on the markets and increasing the rate of price rise,” stressing that “his committee will hold a series of sessions with the Central Bank starting next week in order to coordinate towards supporting the markets and responding to the requirements of companies and traders in order to reduce prices as much as possible.” Possibility.
He explained that "supporting banks and openness in the labor market and production is a priority during the next stage," stressing that "increasing national production will reduce the demand for hard currency and lead to reducing the parallel market, and this is what we are seeking to achieve at the present time.”
"Deep State" control
On (January 4, 2024), financial expert Saleh Al-Bankari identified the danger of the deep state in the parallel market for the dollar, while pointing to 3 “pressuring” factors on price fluctuations .
The banker told "Baghdad Today", "The fluctuation of the dollar exchange rates in the parallel market recently is due to three direct pressing factors, and is centered on the Central Bank's measures to limit smuggling and launch its electronic platform, as well as the US Federal Reserve sanctions file and its handling of economic conditions . ”
He added, "The third factor lies in government dealings through adopting the electronic payment file," indicating that "the political scene in its internal and external data and the events surrounding the region constitute the most dangerous factors for the parallel market in the country, noting that there is no complete control over the border crossings." With all its addresses to reduce smuggling . “
Regarding the dollar in the parallel market, the expert said, “The parallel market is subject, in one way or another, to the control of the deep state, referring to very influential parties who are behind the series of speculations that took place in the past months in order to recover more profits . “ LINK
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Big push...They are finishing the reforms...But one of the things they need...is an international currency exchange rate. They haven't started pumping oil to the Cyan Port yet, why? Because they haven't had a customs valuation yet. Why haven't they gone to the WTO just yet? Because the WTO is going to need what? Valuation. What did they say they were going to bring in the short term? The customs valuation with the WTO...They need big movements. They're going to need a Real Effective Exchange Rate. 1310 is radically different than what I believe a Real Effective Exchange Rate is.
Frank26 It's complex, the monetary reform. There are many facets to it. There' are many things happening. There are many levers and buttons being pushed and moved. The beauty of it is these things are actually occurring...I don't know when they're going to release the new exchange rate...All I know is that they are...
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FEAR Hitting The Market... WHY ITS HAPPENING, HOW TO PLAY IT! AND WHAT TO EXPECT!
Greg Mannarino: 1-13-2024
Ariel (@Prolotario1): General Exchange Rate Information
Ariel (@Prolotario1): General Exchange Rate Information
General Exchange Rate Info- IQD/ROI:
Simple Explanation:
If someone has 300,000 Iraqi Dinar and the exchange rate is 3.00, then their 300,000 Iraqi Dinar would be worth:
300,000 IQD x 3.00 = 900,000 USD
So, if someone bought 300,000 Iraqi Dinar for a much lower price before the exchange rate went up to 3.00, and then exchanged it for US dollars at the rate of 3.00, they would receive 900,000 US dollars.
Ariel (@Prolotario1): General Exchange Rate Information
General Exchange Rate Info- IQD/ROI:
Simple Explanation:
If someone has 300,000 Iraqi Dinar and the exchange rate is 3.00, then their 300,000 Iraqi Dinar would be worth:
300,000 IQD x 3.00 = 900,000 USD
So, if someone bought 300,000 Iraqi Dinar for a much lower price before the exchange rate went up to 3.00, and then exchanged it for US dollars at the rate of 3.00, they would receive 900,000 US dollars.
This means that they would have made a profit of: 900,000 USD – the cost they paid to buy the 300,000 Iraqi Dinar For example, if they bought the 300,000 Iraqi Dinar for $300 USD, then their profit would be:
900,000 USD – 300 USD = 899,700 USD
This is a simplified example, and there are many factors that can affect the value of a currency, including geopolitical events, economic conditions, and government policies.
This is how the rate will look on the Forex.
How The Rate Shows On Forex:
$.86 = 1.162
$1.00 = 1.000
$1.17 = 0.854
$1.86 = 0.537
$2.00= 0.500
$2.50 = 0.400
$3.00 = 0.333
$3.22 = 0.310
$3.46 = 0.289
$3.50 = 0.285
$3.86 = 0.259
$4.00 = 0.250
$4.10 = 0.243
$4.40 = 0.227
$5.00 = 0.200
All Forex listings are listed in pairs – comparing the USD to some other currency. They will all show a different numerical factor against the USD.
USD/CAD
USD/EUR
USD/IQD
Using the program rate of 1190, you would divide $1 by 1190 = .00084
It will be on Forex listed as USD/.84. 1$ Divided by .84 = $1.19 And…….
USD/0.537 = $1.86 Ex ($1 ÷ .537 = 1.86)
USD/0.400 = $2.50 ($1÷ .400 = 2.50)
USD/0.333 = $3.00 ($1÷ .333 = 3.00)
USD/0.243 = $4.11 ($1÷ .243 = 4.11)
Fees & Other Potential Cost –
1. Transaction Fees: Financial institutions or currency exchange services may charge fees for converting currencies. These fees can vary and may impact the overall profit or loss. If a currency exchange service charges a 2% fee on the transaction, and you’re exchanging $10,000, the fee would be $200 (2% of $10,000).
2. Spread: The difference between the buying (bid) and selling (ask) prices is known as the spread. It represents the cost of the transaction for the trader and can affect the overall profitability. Suppose the buying price (bid) for a currency is $1.20, and the selling price (ask) is $1.18. The spread is $0.02. If you exchange $1,000, the actual cost would be $1,180 (ask price) but selling it back immediately might only yield $1,200, resulting in a $20 loss due to the spread.
3. Commission: Some currency exchange platforms or brokers may charge a commission on each trade or transaction. A currency exchange broker charges a flat $10 commission per transaction. If you exchange $5,000, you would pay the $10 commission on top of any other fees.
4. Market Volatility: Exchange rates can fluctuate due to market conditions, geopolitical events, or economic factors. Sudden changes can impact the value of the currency being exchanged.
5. Regulatory Compliance: Depending on the country and the amount involved, there might be regulatory requirements or compliance measures that individuals need to adhere to. Which should not be a problem if you do not plan on doing anything illegal. This should be a smooth process.
6. Taxes: Profits from currency exchange may be subject to taxation. (This is not final)
7. Liquidity: Less commonly traded currencies may have lower liquidity, making it challenging to find buyers or sellers at desired exchange rates. But this will not be an issue for the Iraqi Dinar given the many countries that have this in their reserves. Especially airports.
8. Timing: The timing of the currency exchange can influence the overall outcome. Exchange rates can vary throughout the day, and factors like economic reports or geopolitical events can impact them. __________________ This is just an oversight of things you can expect. Taxes are up in the air. Because if you are exchanging into asset backed currency or precious metals you may pay small to no taxes on the exchange.
• Electronic
• Digital
• Paper
• Metals
We are going into a system where all of this will be working in conjunction and coexisting. We ate going back to the Gold and Banks are getting ready for this transition by implementing Basel 3 that they refer to as “The End Game”.
So when you exchange your currency do not do it in any location that is not Basel 3 Compliant.
Good luck to everyone. You made the right choice and investment. This will never happen again. So be wise and prudent with your financial decisions.
https://dinarchronicles.com/2024/01/23/ariel-prolotario1-general-exchange-rate-information/
"Tidbits From TNT" Tuesday 1-23-2024
TNT:
CandyKisses: US Treasury imposes sanctions on Iraqi figures for supporting Iran
Mawazine News – Baghdad
The U.S. Treasury Department on Monday included the head of the parliamentary rights movement, Rep. Hussein Monis, on the sanctions list.
Sanctions included PMF leader Salah al-Maksoosi, as well as Fly Baghdad Air.
The U.S. Treasury Department, at the end of last year, imposed sanctions on the Secretary-General of the Sayyid al-Shada Brigades Abu Al-Al-Wali and a number of PMF leaders.
TNT:
CandyKisses: US Treasury imposes sanctions on Iraqi figures for supporting Iran
Mawazine News – Baghdad
The U.S. Treasury Department on Monday included the head of the parliamentary rights movement, Rep. Hussein Monis, on the sanctions list.
Sanctions included PMF leader Salah al-Maksoosi, as well as Fly Baghdad Air.
The U.S. Treasury Department, at the end of last year, imposed sanctions on the Secretary-General of the Sayyid al-Shada Brigades Abu Al-Al-Wali and a number of PMF leaders.
CandyKisses: Advisor to the Prime Minister: Agreement with Turkey to build a bridge linking the two countries
Baghdad - Iraq Today:
Advisor to the Prime Minister for Transport Nasser Saleh Al-Asadi announced the completion of 600 km within the preliminary design of the development road, and while stressing that the initial designs of the road are nearing completion, he referred to the agreement with Turkey to build a bridge linking the two countries.
"We have reached very advanced stages on the development road, as we held a meeting two days ago in Turkey on the project and discussed the idea of operation," al-Asadi said, noting that "there are agreements between the project management and the provinces to end the conflicts that hinder work."
He added that "what remained is a small distance in northern Iraq and part in Basra, due to the presence of remnants of war and some obstacles that hinder the access of soil testing companies to the region," pointing to "the completion of more than 600 km within the initial design of the development road."
"We are in the stage of developing the technical specifications of the project," he said, pointing out that "there are agreements with Turkey on the construction of a bridge linking Turkey and Iraq with a length of approximately 2,000 meters."
He stressed that "the establishment of the development road is divided into two parts: the first is economic strategic planning, and the second is technical engineering, in which we have achieved very advanced stages, and we have terminated the contract with the company (Oliver Y Man), which will develop the financial and economic idea and the economic model for this project."
He stressed that "the initial designs are nearing completion and the design review remains from the specialized consultant and then announced as a global (tender) to participate in," pointing out that "the project includes sectors in each governorate, and we are now studying where work will begin and whether it starts from the port of Faw upwards."
"The train track for the development road will start from south to north, and the land road will start from north to south, to be completed in the same period of time," he said.
He pointed out that "the Turkish position is very wonderful and they are key partners in the project and have road and railway designs that will connect to Europe, whether east or west."
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Tishwash: Financial fraud
Due to the difficult and complex economic challenges and conditions that the government and the Central Bank faced in 2023 due to the fluctuation in the exchange rates of the Iraqi dinar against the US dollar and the instructions, facilities, controls and packages issued by the Central Bank to provide cash dollars to travelers and students outside Iraq and to small merchants who do not enter the electronic platform.
A number of cases of financial fraud have been identified by bringing in and taking out money across the Iraqi border and exploiting this in currency counterfeiting and money laundering operations, which falls within the category of financial crimes prosecuted by Iraqi law.
Therefore, the Central Bank announced that it is currently carrying out and urging banks to also carry out a wide media and advertising campaign to warn Citizens are aware of the danger of practicing these actions in violation of instructions and the extent of their impact on harming the national economy.
Here we would like to clarify the development of the methods and practices of people and companies involved in financial crimes, or so-called economic crimes, in most countries of the world, which can be identified as money laundering crimes, electronic payment crimes, currency counterfeiting, securities forgery, and other financial fraud crimes.
Government agencies, judicial and supervisory bodies have amended their applicable laws and developed procedural and electronic means to reduce these crimes in order to preserve their funds and the national economy.
Iraq, like other countries, has activated its economic and legislative bodies and institutions in combating these crimes, as it issued the Anti-Money Laundering Law No. 39 of 2015, which included 12 chapters and articles that specified the crimes covered by the law and the penalties for each financial crime.
It also adheres to the international standards that limit money laundering issued by the FATF, in addition to the crimes of counterfeiting, forgery and fraud stipulated in the Iraqi Penal Code and the instructions issued by the Financial Authority and the Monetary Authority represented by the Central Bank of Iraq and the Ministry of Finance to combat these crimes with the aim of preserving Iraq’s money, especially its currency. Foreign countries, due to the impact of these crimes on the national economy, creating stifling economic and financial crises for it, and the impact of this on sustainable development.
What is dangerous is the failure of financial and banking institutions to adhere to compliance rules, which means that they are exposed to financial and legal risks, the most important of which is reputational risks that directly affect Iraq’s international economic, financial, and banking transactions, which affect Iraq’s foreign economic relations with countries of the world, especially the financial and banking transactions of Arab and foreign correspondent banks. But laws alone and internal judicial procedures alone cannot combat these financial crimes, which requires developing local and international proactive control methods by adopting mechanisms and policies regulated by international agreements to cooperate in reducing financial crimes related to money laundering, terrorist financing, and electronic financial crimes related to electronic payment operations and reaching the final beneficiary. .
Training and qualifying supervisory and technical personnel specialized in the subject of money laundering and applying international standards in this field has become an imperative. Therefore, we propose that the Central Bank of Iraq, the Association of Iraqi Private Banks, and the Iraqi judiciary organize specialized qualification and training courses similar to the courses that were held in the years 2017 and 2018 inside and outside Iraq. Participate in Banking and judicial cadres join together to exchange experiences and cooperate with each other to reduce financial and economic crimes. link
Mot: ... the True ""Gotcha"" !!!
Mot: the Life they Lead!!! --- LOL
