Goldilocks' Comments and Global Economic News Sunday Evening 2-18-24
Goldilocks' Comments and Global Economic News Sunday Evening 2-18-24
Good Evening Dinar Recaps,
The Central Bank of Iraq revealed the mechanism for accepting and studying applications for granting licenses to electronic payment companies, confirming the continued receipt of licensing applications.
The Central Bank specified that the applicant, whether a natural or legal person, must have at least three years of experience in the field of electronic payment and the payments industry, and this includes the founders and participants, indicating that the application includes a detailed explanation of the added value to the electronic payment sector in Iraq that will be provided by the company to be licensed. Especially in the field of modern collection techniques and enriching the Iraqi market with distinguished and applicable service.
The bank stressed the necessity of submitting a request for a detailed technical feasibility study of what the company to be licensed will provide, pointing out that the request includes the minimum standards for accepting applications for obtaining a license to operate as an electronic payment service provider, in addition to what is stated in the electronic money payment services system No. (3). For the year 2014.
Goldilocks' Comments and Global Economic News Sunday Evening 2-18-24
Good Evening Dinar Recaps,
The Central Bank of Iraq revealed the mechanism for accepting and studying applications for granting licenses to electronic payment companies, confirming the continued receipt of licensing applications.
The Central Bank specified that the applicant, whether a natural or legal person, must have at least three years of experience in the field of electronic payment and the payments industry, and this includes the founders and participants, indicating that the application includes a detailed explanation of the added value to the electronic payment sector in Iraq that will be provided by the company to be licensed. Especially in the field of modern collection techniques and enriching the Iraqi market with distinguished and applicable service.
The bank stressed the necessity of submitting a request for a detailed technical feasibility study of what the company to be licensed will provide, pointing out that the request includes the minimum standards for accepting applications for obtaining a license to operate as an electronic payment service provider, in addition to what is stated in the electronic money payment services system No. (3). For the year 2014.
The bank confirmed that it will reject all applications that do not meet the aforementioned licensing conditions. https://cbi.iq/news/view/2515
~~~~~~~~~~
Iraqi Bank Announcement:
The Central Bank of Iraq is currently in process of revealing their electronic mechanism for the new global digital economy.
Going forward, they will be granting license applications for electronic payment companies from around the world. https://cbi.iq/news/view/2515
© Goldilocks
~~~~~~~~~~
China Plans to Accelerate Cross-border Data Transfersby Implementing Trial Rules in Shanghai Pilot Free Trade Zone
"...cooperation with the Digital Economy Partnership Agreement (“DEPA”) countries in the field of digital trade, actively establishing the Lingang Special Area as a model site of DEPA cooperation[4], and promoting the implementation of new rules such as “paperless trade."
China is in process of Accelerating Cross-Border Data Transfers through Implementing trial rules in the Shanghai pilot free trade zone.
The transfer of personal data to another country requires the testing of protection laws through controllers to fulfill the needed requirements when transferring personal data across borders.
These new data rules are being tested on the Shanghai Exchange and accelerated to test and implement these new digital monetary policies.
The Shanghai Exchange incorporates much of Asia and the Middle East in trade going across borders from the East to the West.
This test pilot will allow China the ability to comply with the new Digital Asset-Based Trading System data requirements enabling trade on a global scale to move forward.
The Chinese Yuan is utilized on the Shanghai Exchange, and they have already told us they are considering a gold-backed Chinese Yuan to lead the way in trade among the Nations they trade with going forward.
The Shanghai Exchange is the third largest market exchange in the world. It has a market cap of nearly 7 trillion dollars in assets. A Golden Yuan that trades with markets around the world through the Shanghai Exchange will significantly change monetary policies around the world to keep pace with these new developments.
And, we must not forget that the Shanghai-Hong Kong Stock connection will enable their new pilot program on stablecoins to play an important part of the global payment systems around the world to function freely on the Shanghai Exchange that connects to the rest of the global economy.
All roads lead to gold, and "digital gold" will set us free.
© Goldilocks
Hunton Privacy Blog
Practical Law
Statista
FDI China
~~~~~~~~~~
INTERVIEW: Iraq’s planning ministry spearheads multi-faceted development strategy | Zawya
~~~~~~~~~~
CP 375 Proposed changes to the ASIC Derivative Transaction Rules (Reporting): Third consultation
This consultation paper proposes further amendments to the ASIC Derivative Transaction Rules (Reporting) 2024 in relation to outstanding matters from our prior consultations released in November 2020 and May 2022.
It sets out our proposals on simplifying the exclusion of exchange-traded derivatives and the scope of foreign entity reporting, and the removal of the alternative reporting provisions.
It also addresses certain additional data elements and other matters that have been raised by industry, and consequential changes to the ASIC Derivative Transaction Rules (Clearing) 2015. ASIC
~~~~~~~~~~
What Is Blockchain Cross-Chain Communication Infrastructure And Top 10 Amazing Ways It Is Helpful
A blockchain cross-chain communication infrastructure refers to a set of protocols, tools, and technologies designed to facilitate communication and interoperability between different blockchain networks. As the blockchain ecosystem continues to expand with the emergence of numerous blockchains, each with its own set of features, consensus mechanisms, and native assets, the need for seamless interaction between these networks becomes increasingly crucial.
The concept of cross-chain communication infrastructure addresses the limitations of isolated blockchain networks, enabling them to exchange data, value, and assets securely and efficiently. This infrastructure plays a pivotal role in unlocking the full potential of blockchain technology by fostering collaboration, innovation, and scalability across disparate blockchain ecosystems. Blockchain Magazine
~~~~~~~~~~
Stellar Prepares to Launch Protocol 20 This February; Here’s What to Expect Post-Launch | Zycrypto
~~~~~~~~~~
Shadow of Ezra (@ShadowofEzra) on X
Truckers are now refusing to deliver goods to New York, after the court ruled Trump had to pay over $350 million in fraud.
~~~~~~~~~~
👆 Uh Oh... This is expected to cost our economy billions of dollars in New York alone. The ripple effect will cost even more.
~~~~~~~~~~
More Government Debt than buyers. A reset is coming. | 11onze
~~~~~~~~~~
Follow Goldilocks' Roadmap
Follow Goldilocks' Timeline
Goldilocks' Telegram Room
Q & A Telegram Room
Goldilocks Forum
Goldilocks on the Seeds of Wisdom Team™ Website
Subscribe to Newsletter
Thank you Dinar Recaps
More BRICS Eonomic News Sunday 2-18-2024
BRICS summit 2024: BRICS Currency or Local Currency
Fastepo: 2-17-2024
In this video, we'll explore the 7 key topics of agenda for the upcoming BRICS summit in summer 2024 in Russia.
Through our research and analysis of the previous events and meetings, we've identified key discussion points that are likely to feature prominently.
We'll introduce each of these topics and discuss why they are crucial for the advancement of the BRICS bloc.
BRICS summit 2024: BRICS Currency or Local Currency
Fastepo: 2-17-2024
In this video, we'll explore the 7 key topics of agenda for the upcoming BRICS summit in summer 2024 in Russia.
Through our research and analysis of the previous events and meetings, we've identified key discussion points that are likely to feature prominently.
We'll introduce each of these topics and discuss why they are crucial for the advancement of the BRICS bloc.
BRICS VS. G7: Shocking Growth Forecast With 85% SURGE in Millionaires in a Decade
Lena Petrova: 2-18-2024
South Africa says Countries are Clamoring to Join BRICS as Russia Leads
South Africa says Countries are Clamoring to Join BRICS as Russia Leads
Saturday, 17 February 2024,
Countries are clamoring to join BRICS group, South Africa says, as Russia takes up leadership
CNN – February 1, 2024
Hong Kong CNN — Nearly three dozen countries are seeking entry into the China and Russia-backed BRICS economic group, member state South Africa said Wednesday, weeks after the body expanded its membership for the first time in more than a decade.
Thirty-four countries have submitted an expression of interest in joining the bloc of major emerging economies, South African Foreign Minister Naledi Pandor told reporters, without naming the nations.
South Africa says Countries are Clamoring to Join BRICS as Russia Leads
Saturday, 17 February 2024,
Countries are clamoring to join BRICS group, South Africa says, as Russia takes up leadership
CNN – February 1, 2024
Hong Kong CNN — Nearly three dozen countries are seeking entry into the China and Russia-backed BRICS economic group, member state South Africa said Wednesday, weeks after the body expanded its membership for the first time in more than a decade.
Thirty-four countries have submitted an expression of interest in joining the bloc of major emerging economies, South African Foreign Minister Naledi Pandor told reporters, without naming the nations.
Pic
Leaders of BRICS nations meet during the group's summit in Brazil in 2019. Ueslei Marcelino/Reuters
Russia was accepting those applications after assuming rotating chairmanship of the group this year – and will be the first member to oversee the body since it significantly expanded its global footprint at the start of the year, when Iran, Saudi Arabia, the United Arab Emirates (UAE), Ethiopia, and Egypt formally joined.
The growing membership is widely viewed as a win for China and Russia, which have sought to reshape an international system they see as unfairly dominated by the United States amid growing frictions with Washington and the West.
BRICS, which since 2011 had been made up of Brazil, Russia, India, China and South Africa, roughly positions itself as the Global South’s answer to the Group of Seven (G7) major developed economies.
China has been a key driver of its expansion as leader Xi Jinping pushes an alternative world order, forging closer partnerships with key global players from Russia to the Middle East and strengthening international bodies where Beijing holds sway.
The expansion and continued interest from dozens more countries are also a boon for Russia, which has been shunned economically and diplomatically by the West following its invasion of Ukraine.
Moscow’s position as chair will be a key opportunity for Russian President Vladimir Putin to push back against that isolation and portray himself as a key player on a broad diplomatic stage, as world leaders typically travel to the host nation for an annual summit.
Last year, all member state leaders besides Putin gathered in person in Johannesburg. The Russian president, who has an International Criminal Court warrant out for his arrest linked to alleged war crimes in Ukraine, participated virtually.
This year’s event is expected to take place in October in the southwestern Russian city of Kazan.
Earlier this year, Putin encouraged representatives “of all countries interested in cooperating with our organization” to take part in events and said Russia looked forward to “working productively with all countries in the BRICS orbit,” according to state-run news agency Tass.
The group took shape as a summit-level gathering between Brazil, Russia, India and China in 2009 and expanded to include South Africa two years later.
Six new BRICS countries were invited during the 2023 summit last August. Among those invited only Argentina declined to join, following the election of a new far-right administration.
The expansion adds the muscle of major oil-producing Gulf economies to the body and comes as both Russia and China have bolstered their relationships with sanctions-hit Iran. Last year, Beijing played a part brokering the restoration of ties between longtime rivals Saudi Arabia and Iran.
The new cohort of countries join as BRICS pushes toward more diplomatic and financial coordination, including reform of the United Nations Security Council and a move away from a US dollar-dominated trade system.
Finance ministers were working to develop the use of local currencies for payments between member states and international payment platforms to “redress what we regard as a rather unfair and costly payment system,” South Africa’s Pandor said Wednesday.
"Tidbits From TNT" Sunday 2-18-2024
TNT:
CandyKisses: Parliamentary Finance: 30 countries are racing to invest in Iraq
Economy News - Baghdad
A member of the Parliamentary Finance Committee, MP Mudar Al-Karawi, on Sunday, there is a desire for 30 countries to create a strategic partnership with Baghdad in 6 vital sectors.
Al-Karawi said in an interview followed by "Economy News", that "the security factor no longer worries these countries, especially after achieving high rates of stability in the past four years."
He added that "half of this number of countries, are European and Asian countries, want to invest in the fields of energy, trade, transport and building economic cities," pointing out that "the path of development will be the beginning of the road towards building a diversified economy in the country."
He pointed out that "the volume of investments in Iraq has escalated in the past two years at remarkable rates, especially local investment, which indicates the existence of confidence and reassurance pushing businessmen to compete for investment licenses in various sectors
TNT:
CandyKisses: Parliamentary Finance: 30 countries are racing to invest in Iraq
Economy News - Baghdad
A member of the Parliamentary Finance Committee, MP Mudar Al-Karawi, on Sunday, there is a desire for 30 countries to create a strategic partnership with Baghdad in 6 vital sectors.
Al-Karawi said in an interview followed by "Economy News", that "the security factor no longer worries these countries, especially after achieving high rates of stability in the past four years."
He added that "half of this number of countries, are European and Asian countries, want to invest in the fields of energy, trade, transport and building economic cities," pointing out that "the path of development will be the beginning of the road towards building a diversified economy in the country."
He pointed out that "the volume of investments in Iraq has escalated in the past two years at remarkable rates, especially local investment, which indicates the existence of confidence and reassurance pushing businessmen to compete for investment licenses in various sectors
CandyKisses: Government parliamentary move to recover looted funds
Information / Baghdad.The Parliamentary Integrity Committee confirmed on Sunday a high-level move to uncover corruption files and recover looted funds inside and outside Iraq.
\Committee member Bassem Khashan told Al-Maalouma that "there is direct and high-level coordination with the Federal Integrity Commission and state institutions to uncover major corruption files."
He added, "The Parliamentary Integrity Committee continues its work in detecting corruption and preventing the waste and theft of public money to put an end to this dangerous phenomenon in Iraq."
Khashan pointed out that "the integrity committee in the House of Representatives has worked and continues to uncover files of corruption and waste of public money and put those involved behind bars."
The Parliamentary Integrity Committee recommended earlier the need to legislate a law for a new supervisory body to replace inspectors general working within government institutions whose task is to address the negatives and reduce corruption.
************
CandyKisses: Setting the date for launching the application for the "e-visa" in Iraq
Economy News - Baghdad
Today, Sunday, the Ministry of Interior set the date for launching the application for the electronic "visa", while indicating that it has launched it gradually.
The director of the Directorate of Civil Status, Passports and Residence in the ministry, Major General Nashat al-Khafaji, told the official agency, and was followed by "Economy News", that "the issue of launching the electronic (visa) is among the projects that the Ministry of Interior has worked on."
He pointed out that "the mechanism of work to launch the electronic (visa) began gradually through the opening of the first tourist entry visa," noting that "the usual features and multiple visits will be launched sequentially."
He added, "It is hoped that at the end of next month, the rest of the features will be launched and applied for electronically
************
CandyKisses: Accompanied by a parliamentary delegation. Oil Minister arrives in Cairo to participate in Egypt Energy Conference and Exhibition
Baghdad Today – Baghdad
Deputy Prime Minister for Energy Affairs and Minister of Oil Hayyan Abdel Ghani arrived on Sunday (February 18, 2024) in the Egyptian capital Cairo to attend the Egypt Energy Conference and Exhibition for the year 2024.
The media office of the Minister of Oil said in a statement received by "Baghdad Today", that "the Iraqi delegation alongside the minister included both the head of the Oil, Gas and Natural Resources Parliamentary Committee Haibet Al-Halbousi, as well as members of the parliamentary committee Dergham al-Maliki and Ali Ghulam," noting that "this conference is a reflection of the series of works through which the ministry seeks to communicate with oil ministers in all countries to enhance energy in Iraq."
The head of the parliamentary oil and gas committee, Haibet al-Halbousi, said according to the statement that "the committee supports the Ministry of Oil and Iraq in general in the refineries of developed countries in the fields of oil, gas, electricity and others "
He added that "the Iraqi economy depends in large proportions on the oil sector, and although we aspire to expand sources of income, we want to increase the interest in the oil sector in its entirety."
The Iraqi delegation was received by Egyptian Petroleum Ministry Undersecretary Sherif Hassaballah and a number of officials, according to the statement.
Mot: .. Ur Kidding!!!!!
Mot: ... Finally!!! -- A Race I Could Maybe Win!!!!
News, Rumors and Opinions Sunday AM 2-18-2024
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
KTFA:
Clare: Al-Sudani returns to Baghdad after concluding his official visit to the Netherlands and participating in the Munich Conference
2/17/2024
Prime Minister Muhammad Shiaa Al-Sudani returned to the capital, Baghdad, after concluding his official visit to the Netherlands and participating in the 2024 Munich Security Conference.
According to the government statement, {Al-Furat News} received a copy of it that: “Al-Sudani held a series of meetings and meetings in both the Dutch city of The Hague and Munich, Germany, which were as follows:
-Holding bilateral discussions with his Dutch counterpart, Mark Rutte.
-Heading the Iraqi delegation in the expanded meeting with the official Dutch delegation.
- Receiving the CEO of Shell, which specializes in the energy sector, the CEO of Mammut, which specializes in the transportation sector, and the Director of Government Relations at Seabolt, which specializes in the energy sector.
-Attending a dialogue seminar in the presence of a group of businessmen and representatives of 40 Dutch companies.
-Munich
-Meeting with the King of the Hashemite Kingdom of Jordan, King Abdullah II bin Al Hussein.
- Meeting with US Vice President Kamala Harris.
-A meeting was held with German Chancellor Olaf Schulz.
- Meeting with Danish Prime Minister Metta Frederiksen.
- Meeting with Lebanese Prime Minister Najib Mikati.
- Meeting with Armenian Prime Minister Nikol Pashinyan.
- Meeting with the Prime Minister of Estonia, Kaya Kallas.
- Receiving British Foreign Minister David Cameron.
-Meeting with Italian Deputy Prime Minister and Foreign Minister Antonio Taiani.
- Receiving the Commander of the Joint Forces of the North Atlantic Treaty Organization (NATO), Admiral Stuart Munch.
-Receiving four members of the US Congress.
-Receiving the President of the International Committee of the Red Cross, Mirjana Spolijaric Egger.
-Meeting with the Secretary General of Amnesty International, Agnes Callamard.
-Receiving US Deputy Attorney General Lisa Monaco.
- Meeting with the Under-Secretary-General of the United Nations and the head of the strategic review team for the work of the UNAMI mission in Iraq, Volker Peretz.
-Receiving Siemens International Energy CEO Christian Bruch.
-Receiving Lorenzo Mariani, General Manager of the Italian company Leonardo, which specializes in security, defense and security information systems.
- Receiving a number of leaders of intelligence and security services in various friendly countries. LINK
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man [Mr. IT Guy Bank Story] My wife and I...were looking for a Chase branch that had JP Morgan Wealth Management printed on the door as well as Chase...I'm in a large metropolitan area...We found one near us...My brother took it upon himself to call the branch yesterday. He specifically asked for a private banker...My brother asked him if they exchange foreign currencies and if he was aware of the Iraqi revalue of their currency. The private banker said yes he was and that they would be exchanging at that location...and names and numbers he's taking will get priority over anybody else that calls or walks in after the revalue... [Post 1 of 2]
Militia Man [Mr. IT Guy Bank Story Continued...] As soon as it hits Forex he's going to start making phone calls...He told my brother they were expecting a number of people to be coming in and were preparing for that, a bunch of new people with wealth is...exactly what he told my brother...They're planning on having police officers available at the location for those customs that are planning on leaving the establishment with large sums of cash... MILITIA MAN: ...Is it a coincidence that this expert came out tonight and talked about deletion of the zeros? We're going to find out. It's pretty interesting stuff. [Post 2 of 2]
They Will Hide The Crash Of 2024, A Silent Depression Is Upon Us
Atlantis Report: 2-18-2024
Beneath the surface of prosperity, a storm is brewing, threatening to engulf the US economy. But it will be concealed under exaggerated optimism and white lies. They will hide the crash of 2024, and a silent depression is upon us.
BRICS NEWS: Egypt Ditches US Dollar, 85% SURGE in Millionaires, Expansion of Russia-China Trade
Lena Petrova: 2-18-2024
Economist's "News and Views" Saturday 2-17-2024
Top Economist Steve Hanke: Incoming Regulations Will Actually Trigger the Next Banking Crisis
Daniela Cambone: 2-16-2024
Professor Steve Hanke joins Daniela Cambone to discuss the current state of the economy and the potential for another banking crisis.
He explains why the economy is weaker than the headlines suggest as well as how Fed policies have fueled inflation. Daniela Combone and Prof.
Hanke also analyze the risks in the banking sector, the elections, funding the war in Ukraine, and the role of gold. Watch this fascinating discussion you won’t want to miss.
Top Economist Steve Hanke: Incoming Regulations Will Actually Trigger the Next Banking Crisis
Daniela Cambone: 2-16-2024
Professor Steve Hanke joins Daniela Cambone to discuss the current state of the economy and the potential for another banking crisis.
He explains why the economy is weaker than the headlines suggest as well as how Fed policies have fueled inflation. Daniela Combone and Prof.
Hanke also analyze the risks in the banking sector, the elections, funding the war in Ukraine, and the role of gold. Watch this fascinating discussion you won’t want to miss.
CHAPTERS:
0:00 Expectation for the Economy
5:00 Quantity Theory of Money
7:38 Weakness in the Labor Market
11:57 Fed’s Narrative on Inflation
20:38 Health of the U.S. Banking Sector
26:05 Argentina’s Economy and Dollarization
30:2 Russian Assets for Ukraine War Aid
32:48 Assessment of the Gold Market
BRICS NEWS: Egypt Ditches US Dollar, 85% SURGE in Millionaires, Expansion of Russia-China Trade
Lena Petrova: 2-17-2024
More Banks Get Downgraded, 100% Proof Of Severe Change In The Banking Industry
Atlantis Report: 2-17-2024
The US banking industry is undergoing a major transformation, as more banks are getting downgraded by credit rating agencies and facing growing financial risks and challenges.
The downgrades reflect the deteriorating conditions and outlook of the banking sector, which has been hit by a series of shocks and crises.
Today, we will examine these downgrades and the factors behind them. Recently, regional banks in the United States are facing credit downgrades, leading to concerns about the banking industry's stability.
Moody's has downgraded the credit ratings of regional lenders to junk status, a significant blow that has not been seen in over two decades. This signals more than just a minor setback; it hints at a brewing crisis that could reshape the entire banking landscape.
News, Rumors and Opinions Saturday Afternoon 2-17-2024
KTFA:
Clare: Al-Sudani's Office: The Iraqi speech in Munich was frank about issues of sovereignty, security, and economic partnerships
2/17/2024
Director of the Media Office of the Prime Minister, Rabie Nader, confirmed today, Saturday, that the Iraqi speech in Munich was frank on issues of sovereignty, security, and serious economic partnerships.
Nader said, in a tweet on the platform, that: “More than 22 meetings were held by the Prime Minister in Munich in just two days, and the Iraqi speech was frank on issues of sovereignty, security, and serious economic partnerships.”
KTFA:
Clare: Al-Sudani's Office: The Iraqi speech in Munich was frank about issues of sovereignty, security, and economic partnerships
2/17/2024
Director of the Media Office of the Prime Minister, Rabie Nader, confirmed today, Saturday, that the Iraqi speech in Munich was frank on issues of sovereignty, security, and serious economic partnerships.
Nader said, in a tweet on the {X} platform, that: “More than 22 meetings were held by the Prime Minister in Munich in just two days, and the Iraqi speech was frank on issues of sovereignty, security, and serious economic partnerships.”
He added, "There was great international understanding of Iraq's desire to move the relationship with the international coalition countries from security to strategic partnerships in various fields, and the messages were clear that Iraq's security is necessary for the security of the region and a stable Iraq is in everyone's interest."
Nard continued, "Iraq is a meeting point and refuses to be an arena for settling scores, and the international community must move quickly to stop the war on Gaza." LINK
Clare: Al-Sudani discusses with members of the US Congress the end of the international coalition’s mission and the transition to bilateral relations
2/17/2024
Prime Minister Muhammad Shiaa Al-Sudani discussed, with members of the US Congress, today, Saturday, the end of the international coalition’s mission in Iraq.
Al-Sudani’s media office stated in a statement received by {Al-Furat News} that “Prime Minister Muhammad Shia’ al-Sudani received four members of the US Congress, namely: Mike Turner, McKeirl, Joe Wilson, and Gerry Connolly, on the sidelines of his Excellency’s participation in the 2024 Munich Security Conference.” .
The statement added, "During the meeting, bilateral relations between Iraq and the United States were discussed, and ways to enhance constructive cooperation, as well as a number of files and issues of common interest were reviewed.
The meeting also touched on the ongoing dialogue regarding ending the mission of the international coalition in Iraq, after the arrival of the security forces." Iraq has reached an advanced stage of readiness and high performance, and the transition to broad bilateral relations between Iraq, the United States of America, and the rest of the coalition countries.”
The Prime Minister stressed, "the necessity of developing relations between the two countries at various levels and sectors, without limiting them to the security aspect only," pointing to "the state of recovery that Iraq is going through, the reforms it is witnessing in various economic and financial sectors, and the progress of concluding integrated economic partnerships with countries in the region." "And the world, which will contribute to promoting development and achieving stability for the country."
For their part, members of the US Congress indicated their "interest in the success of the Iraqi government in several aspects," stressing "the importance of Iraq and its role in enhancing security and stability in the region." LINK
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat "...it was decided to transfer all financial transactions electronically through the (POS) point of sale system in traffic departments in Baghdad and all governorates instead of cash dealing.” ...it is a borderline “WOW!” article for us today as Dinar investors. ...electronic banking and POS has been on the radar and will continue to be pivotal in the monetary reform process.... It is a very good step, a sign in the right direction and may help take the demand off the dollars thus reducing the rate in the black market for the dollar.
Frank26 It's no longer a rumor that Iraq is entering the World Trade Organization. Vietnam is part of the World Trade Organization. Their currency is worthless. Does that mean the Iraqi dinar that is worthless can join the WTO? Yeah. Does that mean the Iraqi dinar is going to stay worthless? No...The whole world and the United States Treasury worked with the CBI...
Why Gold Backed CBDC's Are Not Saving Zimbabwe
Lynestte Zang: 2-17-2024
Goldilocks' Comments and Global Economic News Saturday Evening 2-17-24
Goldilocks' Comments and Global Economic News Saturday Evening 2-17-24
Good Evening Dinar Recaps,
"Hong Kong has launched a public consultation on proposed legislation for regulating over-the-counter virtual asset trading, the jurisdiction’s website said on Thursday."
The public consultation will give the public time to voice their concerns about the regulatory proposals of stablecoins.
The final step will be the implementation of government licensing for digital asset providers of OTC trading services.
The consultation will last until April 12, 2024. At that time, the rollout of the sandbox of many Global Stablecoins tested in their pilot program will be available for Global Trade.
© Goldilocks
~~~~~~~~~~
Goldilocks' Comments and Global Economic News Saturday Evening 2-17-24
Good Evening Dinar Recaps,
"Hong Kong has launched a public consultation on proposed legislation for regulating over-the-counter virtual asset trading, the jurisdiction’s website said on Thursday."
The public consultation will give the public time to voice their concerns about the regulatory proposals of stablecoins.
The final step will be the implementation of government licensing for digital asset providers of OTC trading services.
The consultation will last until April 12, 2024. At that time, the rollout of the sandbox of many Global Stablecoins tested in their pilot program will be available for Global Trade. The Block
© Goldilocks
~~~~~~~~~~
There have been many debates about the use of XRP as a stablecoin as of late.
Many prominent institutions have been calling for a gold-backed stablecoin from institutions like the World Bank, International Monetary Fund (IMF), and World Gold Council.
These institutions have been encouraging the development of such a project so Central Banks could tokenize their gold reserves.
Nothing has been turned into a form of an announcement yet, but it sure does look like the IMF, the World Bank, and the World Gold Council would like to see this happen through XRP.
It would not be a surprise to this author that a Bretton Woods announcement including a gold-backed stablecoin such as Ripple would lead the way. CoinGape
© Goldilocks
~~~~~~~~~~
Trade Finance Poised for Digital Revolution Though Obstacles Remain - Fintech Singapore
"The trade finance industry has been aspiring for greater digitalization, striving to tap into potential benefits such as improved transparency, efficiency, risk mitigation and support for small and medium-sized enterprises (SMEs).
But despite some progress, advancements have been slow for the past few decades due to legal obstacles, the lack of standards, and the need for unifying technologies, a new paper by Deutsche Bank says.
The paper, titled “A Guide to Digital Trade Finance”, examines the progress that has been made so far, as well as what is still needed on the road ahead. The guide provides a practical toolkit for the industry, leveraging expert opinions from various stakeholders to explore the role of banks in digitalization initiatives, legal frameworks, international standards and innovative technologies."
Watch what happens when Stablecoin clarity and Protocol 20 begin to expand. Fintech News
Watch the water.
© Goldilocks
~~~~~~~~~~
The world of cross-border payments continues to progress, building on the momentum gained in 2023, and is ready to navigate a new suite of products from Swift. According to The Bank of England, the value of cross-border payments is expected to grow from almost USD 150 trillion in 2017 to over USD 250 trillion by 2027, a spike of over USD 100 trillion in just 10 years.
Part of the process enabling that growth of course comes from Swift. It has recently focused on what could be seen as a reorganization and repackaging of its products into a suite called Swift Essentials. Swift believes the new package improves several important policies and processes including, but not limited to, the speed and reliability of cross-border transactions but also extending into compliance, integration, and corporate treasury management. www.bankofengland.co.uk
~~~~~~~~~~
Follow Goldilocks' Roadmap
Follow Goldilocks' Timeline
Goldilocks' Telegram Room
Q & A Telegram Room
Goldilocks Forum
Goldilocks on the Seeds of Wisdom Team™ Website
Subscribe to Newsletter
Thank you Dinar Recaps
"Tidbits From TNT" Saturday 2-17-2024
TNT:
CandyKisses: To end the mission of the international coalition in Iraq. Sudanese meets members of the US Congress
Mawazine News Baghdad
Prime Minister Mohammed Shiaa Al-Sudani discussed with members of the US Congress on Saturday ending the mission of the international coalition in Iraq.
"Prime Minister Mohammed Shia Al-Sudani received four members of the US Congress: Mike Turner, Mike Turner, Mike Michaelshire, Joe Wilson and Jerry Connolly, on the sidelines of his participation in the Munich Security Conference 2024," the Prime Minister's Information Office said in a statement received by Mawazine News.
The statement continued that "during the meeting, bilateral relations between Iraq and the United States, and ways to enhance constructive cooperation, as well as reviewed a number of files and issues of common interest, were discussed.
TNT:
CandyKisses: To end the mission of the international coalition in Iraq. Sudanese meets members of the US Congress
Mawazine News Baghdad
Prime Minister Mohammed Shiaa Al-Sudani discussed with members of the US Congress on Saturday ending the mission of the international coalition in Iraq.
"Prime Minister Mohammed Shia Al-Sudani received four members of the US Congress: Mike Turner, Mike Turner, Mike Michaelshire, Joe Wilson and Jerry Connolly, on the sidelines of his participation in the Munich Security Conference 2024," the Prime Minister's Information Office said in a statement received by Mawazine News.
The statement continued that "during the meeting, bilateral relations between Iraq and the United States, and ways to enhance constructive cooperation, as well as reviewed a number of files and issues of common interest, were discussed.
The meeting also touched on the ongoing dialogue on ending the mission of the international coalition in Iraq, after the arrival of the Iraqi security forces to an advanced stage of readiness and high performance, and the transition to broad bilateral relations between Iraq and the United States of America and the rest of the coalition countries."
Al-Sudani called for: "The need to develop relations between the two countries at various levels and sectors without limiting them to the security side only," noting "the state of recovery experienced by Iraq, and the reforms it is witnessing in various economic and financial sectors, and proceeding with integrated economic partnerships with the countries of the region and the world, which will contribute to enhancing development and achieving stability for the country."
Members of the US Congress noted their “interest in the success of the Iraqi government in several aspects,” stressing “the importance of Iraq and its role in promoting security and stability in the region.”
***************
Tishwash: Al-Sudani to the British Foreign Minister: The government seeks to end the presence of the international coalition in Iraq
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Friday, that the government is seeking to end the presence of the international coalition in Iraq.
A statement from the Prime Minister’s Media Office, received by Earth News Agency, stated that “Prime Minister Muhammad Shiaa Al-Sudani received British Foreign Minister David Cameron, on the sidelines of his Excellency’s participation in the Munich Security Conference 2024.”
The statement added, “During the meeting, the Prime Minister discussed bilateral relations between Iraq and the United Kingdom, and the importance of upgrading and strengthening them in all aspects, in a way that serves the common interests of the two friendly countries,” noting that “Iraq today represents fertile ground for investments and economic work, and that the doors of investment are open.” In front of British companies.
Al-Sudani stressed that “the government seeks to organize work with the international coalition, move towards ending its presence in Iraq, and move to multiple bilateral relations with the coalition countries.”
Regarding the situation in Gaza, Al-Sudani pointed out “the necessity for the major powers to exercise their role in ending the ongoing war in the Palestinian territories, and stopping its repercussions on the security of the region and the world, and the necessity of protecting civilians and providing urgent humanitarian aid to them, after the comprehensive destruction caused by the occupation forces in the Gaza Strip.” “.
For his part, Cameron expressed “his country’s desire to expand relations with Iraq, in a way that achieves mutual benefit,” stressing that “these relations should not be limited to the security aspect, which is being organized through Britain’s participation in the international coalition. Rather, his country desires to create Multiple partnerships with Iraq, especially in the economic and development aspects.” link
************
Tishwash: Al-Sudani confirms that Iraq is continuing to achieve the goal of raising the level of exchange and integration with countries
Today, Friday (February 16, 2024), Prime Minister Muhammad Shiaa Al-Sudani confirmed that Iraq is continuing to “raise the level of exchange and integration with the countries of the region.”
A statement from his office received by Baghdad Al-Youm stated that Al-Sudani met with Lebanese Prime Minister Najib Mikati, on the sidelines of their participation in the 2024 Munich Security Conference, and during the meeting, they “discussed bilateral relations between Iraq and Lebanon, and ways to enhance exchange in aspects of common interest.” “In the interest of the two brotherly countries.”
Al-Sudani pointed out, "The continuation of the aggression against Gaza, and the threat it causes to stability in the region, and the necessity of stopping this aggression and preventing its expansion, in addition to stopping the genocide to which the Palestinian people are being subjected, and attempts to expand the conflict through attacks on brotherly Lebanon and its borders."
He reaffirmed "Iraq's progress in achieving the goal of raising the level of exchange and integration with brotherly and friendly countries in the region, in a way that provides the means for development and opportunities for its people, and the means to overcome economic crises."
For his part, Mikati stressed "Lebanon's keenness to establish security and stability in the region, and to continue constructive cooperation with Iraq in all fields, expressing his thanks and appreciation for the Iraqi positions in support of Lebanon, and providing fuel and support to support the Lebanese people in facing economic difficulties and challenges." link
Mot: . LOL --- the Things Folks Come Up With!! - Sooo True this is!!
Mot: ....... I Herd it thru da ~~~~~
News, Rumors and Opinions Saturday AM 2-1-7-2024
Ariel (@Prolotario1): Basel III Empowers the Citizens, Not the Banks
I Guess This Is The End:
The Fall of Baal Info came out via Militia-Man & Crew that confirm what I shared with you all about Texas when redeeming currency for precious metals that once the Iraqi Dinar is on the Forex anyone will be able to convert into Gold & Silver.
Do you all know how monumental this is?
Remember the 43 states that pass bills to make metals legal tender? This means your money will be 100% tax-free. This means that if you purchase property with gold mortgage, taxes, liens, etc, it will not be a factor in any capacity.
Why do you think bankers fear Basel 3?
Ariel (@Prolotario1): Basel III Empowers the Citizens, Not the Banks
I Guess This Is The End:
The Fall of Baal Info came out via Militia-Man & Crew that confirm what I shared with you all about Texas when redeeming currency for precious metals that once the Iraqi Dinar is on the Forex anyone will be able to convert into Gold & Silver.
Do you all know how monumental this is?
Remember the 43 states that pass bills to make metals legal tender? This means your money will be 100% tax-free. This means that if you purchase property with gold mortgage, taxes, liens, etc, it will not be a factor in any capacity.
Why do you think bankers fear Basel 3?
Remember what the MBA stated a few days ago? That the entire model of real estate will change because of B-3. “The Mortgage Bankers Association (MBA) has voiced strong opposition to the Basel capital rule changes, pointing out seven key areas that could affect major banks and regional banks, lenders, servicers, and borrowers within the housing finance ecosystem. Here’s a closer look at these crucial concerns”. End quote.
Basel 3 empowers the citizens. Not the banking industry. This is why they are now trying to double down on the Dodd Frank Act. Which allows the bank to legally confiscate your money making them impervious to lawsuits.
You all have to understand. In the 1970s, boomers bought houses for 10k-20k. Now do you all see why bankers were crying to Congress about Basel 3 on Capitol Hill a couple of months ago?
The days of writing up mortgages with interest rates that only exist on a computer screen with nothing in the bank vaults to support the contract written out homebuyers that agree to honor that over decades on a monthly basis.
Not knowing they financially entrapped themselves by signing off on a document that allows the bank to seize or confiscate your property due to delinquency in payments for money they never physically possessed themselves to underwrite a contract based on nothing but a promise and not assets are over.
https://www.bloomberg.com/news/articles/2024-02-12/basel-iii-threatens-real-estate-financing-in-us-mba-chief-says
The incentive to make money in the mortgage market will be taken away once Basel 3 is implemented. Which is wonderful for citizens.
Ariel
******************
TNT:
Tishwash: Currency speculators make confessions via INA
The Directorate of Combating Organized Crime of the Federal Intelligence and Investigation Agency at the Ministry of Interior detained individuals who were involved in dollar speculating, bank card smuggling, and gambling. The confessions of these individuals are published by the Iraqi News Agency (INA).
Dollar-speculating
During his confession of engaging in dollar price speculation, one of the accused stated, "What we are doing is withdrawing the dollar from the market, and when its prices rise, it is resold again."
"Some offices of currency exchange businesses or Qi companies operate in buying and selling dollars and making transfers without official permission," he said.
Trafficking in bank cards
"We load the card in Iraq at the official exchange rate, then withdraw money in the UAE through an ATM, and then transfer it to Iraq at the parallel market price," stated a second person charged with bank card trafficking.
He declared: "I obtained 34 cards through illicit means. I obtained citizens' documents by using them to issue cards while posing as a seller of electrical devices that I planned to sell in installments.
Gambling through (Forex)
Although "the Forex site is speculating in global currencies, whether the dollar against the euro or the euro against the yen and enters the gambling field," another accused who engaged in gambling on the website acknowledged this.
"The Central Bank and the Iraq Securities Commission have not granted a license to the company we work for," he said, adding that "the mechanism of work in Forex includes the introduction of citizen courses through targeting them on Instagram or Facebook, where the citizen enters a course in this work and we educate him in this field."
"Not to be drawn into these things because they are illegal," he urged the people.
In an interview with the Iraqi News Agency (INA), Colonel Ahmed Mohammed, the Director of media for the Federal Intelligence and Investigation Agency, reaffirmed that the arrests of those responsible for these acts are being carried out in compliance with the law under Article No. (2) of the Anti-Money Laundering and Terrorism Financing Law No. (39) of 2015. link
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 What they are giving the banks we're calling them specimen sheets. The specimen sheets are of high quality...If I was the CBI I would be giving all my banks inside of Iraq specimen sheets of high quality - samples of the lower notes that I'm about to give to the citizens of Iraq...If I was the CBI I would not have these specimen sheets for the citizens... They'd be using them, the bank employees, to learn about the new lower notes and to learn about the security features...These HIGH quality sample sheets are only for the bank employees...
Militia Man Article: "Minister of Commerce: International welcome and desire to increase investments in Iraq" Article quote: "the meeting came out with many decision that were approved including ... welcoming Iraq's accession to the World Trade Organization." That's awesome...Are we waiting for a major announcement? Remember Salih said there was going to be a major announcement and we haven't heard it yet. This right here is that this major announcement? I don't think so. It's almost like leakage...
***************
A Major Economy Enters Recession Signaling No Escape For America & The World
Sean Foo: 2-16-2024
The third-largest economy has officially entered a recession. Japan, the manufacturing giant has crashed and this signals a collapse in global demand.
In addition, the other major economies in the world are starting to pull away consumption. Not even the US economy is invincible under this backdrop of crashing demand. Here's what you must know.
Timestamps & Chapters:
0:00 Third Largest Economy Contracts
2:53 Global Consumption Crashing Hard
5:17 EU & China Demand Collapse
8:15 US Economy In Big Trouble
11:42 Recession Or Crazy Deficit Spending
Goldilocks' Comments and Global Economic News Friday Evening 2-16-24
Goldilocks' Comments and Global Economic News Friday Evening 2-16-24
Good Evening Dinar Recaps,
New Delhi, Feb 09: "The call for institutional reforms resounded strongly from the United Nations headquarters as Secretary-General Antonio Guterres pressed for comprehensive changes, starting with a significant overhaul of the Security Council and the Bretton Woods Institutions – the World Bank and the International Monetary Fund (IMF)."
Just recently, Jerome Powell and Janet Yellen have been calling for a serious conversation about our 34 trillion dollar national debt. They are saying that the move toward a sustainable fiscal path is of most importance.
A sustainable fiscal policy happens when the ratio of debt held by the public to GDP is stable or declining over time.
It is no secret that the old Financial System is not going to get us to where we need to be anymore. For the past 2 years and almost a half, we have been working on tokenizing assets and creating legislation leading to laws that will govern our new digital asset-based trading system on the QFS.
In just 5 more days, Protocol 20 will be voted on and implemented. The process of expanding into our new digital banking system will commence.
Goldilocks' Comments and Global Economic News Friday Evening 2-16-24
Good Evening Dinar Recaps,
New Delhi, Feb 09: "The call for institutional reforms resounded strongly from the United Nations headquarters as Secretary-General Antonio Guterres pressed for comprehensive changes, starting with a significant overhaul of the Security Council and the Bretton Woods Institutions – the World Bank and the International Monetary Fund (IMF)."
Just recently, Jerome Powell and Janet Yellen have been calling for a serious conversation about our 34 trillion dollar national debt. They are saying that the move toward a sustainable fiscal path is of most importance.
A sustainable fiscal policy happens when the ratio of debt held by the public to GDP is stable or declining over time.
It is no secret that the old Financial System is not going to get us to where we need to be anymore. For the past 2 years and almost a half, we have been working on tokenizing assets and creating legislation leading to laws that will govern our new digital asset-based trading system on the QFS.
In just 5 more days, Protocol 20 will be voted on and implemented. The process of expanding into our new digital banking system will commence.
Everything is going to be tokenized. Everything will be backed by a commodity. Everything will be run on a Quantum Technological Financial System.
The IMF and the World Bank have been working with countries around the world to change and implement new monetary policies through economic reforms designed to put us on a Sustainable Financial path.
These consultations have allowed countries to develop new digital mechanisms with the guidance of the IMF through Economic Reforms.
The World Bank is responsible for lending money to poorer countries. Their involvement along with the IMF is calling for movement forward inside a new digital asset-based trading system.
© Goldilocks
Kashmir Dot Com
Yahoo Finance
Fiscal Treasury
~~~~~~~~~~
NPCI to launch real-time payment link between India and US
...the National Payments Corporation of India (NPCI) is reportedly in discussions with Indian and US banks to establish a real-time payment link between the two countries, as per a report from the Economic Times. The initiative seeks to utilize NPCI's expertise in cross-border payments. NPCI is said to be collaborating with Indian banks familar with the Unified Payments Interface (UPI) and foreign banks to develop models and conduct pilot tests.
Additionally, NPCI is engaging with FedNow, the real-time payment service launched by the US Federal Reserve in July last year, or its UPI equivalent. The proposed payment model between India and the United States is expected to focus initially on small consumer transactions due to the absence of a nationwide system similar to UPI in the US. Transactions under this model are likely to be limited in scale and value, with only modest payments permitted initially.
Under this model, transactions involving sending or receiving money from relatives would necessitate the involvement of a large Indian bank for Indian consumers, while in the US, individuals can use American banks for such transactions. The Paypers
~~~~~~~~~~
Jerome Powell highlighted CBDC and stablecoins in a meeting with Democrats from the House Financial Services Committee.
He talked about the requirement for stablecoin legislation in the US while sharing his views.
New York Community Bancorp. and Basel capital rules are other topics covered in the meeting.
Jerome Powell, the chairperson of the Federal Reserve, demonstrated the need for a stablecoin bill in a meeting with Democrats from the House Financial Services Committee on 12 February. Politico, a media company, confirmed the same. The Coin Republic
~~~~~~~~~~
The World Bank’s classification of XRP as a stablecoin in the context of its utility in the payment landscape has recently resurfaced in the crypto community.
World Bank Calls XRP Stablecoin.
Notably, the classification came in a November 2021 research paper titled “Central Bank Digital Currencies for Cross-Border Payments.”
The report considered the endeavors undertaken at the time to streamline cross-border payments for efficiency and cost-effectiveness.
It recognized stablecoins as a digital currency category that provides instantaneous processing and secure payments. In particular, the report laid emphasis on their stability concerning parity with fiat currencies.
Based on this premise, the World Bank identified two virtual assets that they believe fall into the stablecoin category: Ripple’s cross-border payment currency, XRP, and the native asset of the Stellar network, XLM.
The World Bank report also emphasized that XRP and XLM enable faster and more efficient cross-border payments than traditional correspondent banking methods. The Crypto Basic Crypto Politan
~~~~~~~~~~
Blockchain Technology For Verifying Election Data
More than 60 countries around the world will hold national and regional elections this year, making 2024 the biggest election year in history. But there are growing concerns that misinformation and disinformation driven largely by artificial intelligence (AI) will impact the elections.
An example of this recently occurred when an AI-enabled call using United States President Joe Biden’s voice phoned thousands of people across the U.S.
Findings from The World Economic Forum’s Global Risks Report 2024 further show that misinformation and disinformation are likely to be a top global risk in the next two years.
The report states that “foreign and domestic actors alike will leverage misinformation and disinformation to widen societal and political divides.”
The report also noted this risk will be even greater given that there will be a large number of elections in the near future, as more than 3 billion people are due to head to the polls in 2024 and 2025.
Cryptonews.com
~~~~~~~~~~
Crypto adoption is becoming mainstream. We're seeing development in election blockchain integration, healthcare payment integration, and even seeing the payment classification of XRP and XLM by the World Bank. Our world is about to expand into a new digital age.
© Goldilocks
~~~~~~~~~~
Follow Goldilocks' Roadmap
Follow Goldilocks' Timeline
Goldilocks' Telegram Room
Q & A Telegram Room
Goldilocks Forum
Goldilocks on the Seeds of Wisdom Team™ Website
Subscribe to Newsletter
Thank you Dinar Recaps