DINARRECAPS8 2/12/24 DINARRECAPS8 2/12/24

Goldilocks' Comments and Global Economic News Monday AM 2-12-24

Goldilocks' Comments and Global Economic News Monday AM 2-12-24

Good morning Dinar Recaps,

"The changes to operations in the country’s FX market imply that Nigeria has eased its control of the Naira, allowing the local currency to float freely."

Nigeria is moving to a free-floating exchange rate. In other words, Nigeria is allowing their currency to be determined by supply and demand inside the market.

Here, the Central Bank will not be influencing the external value of their currencies' exchange rate.

© Goldilocks
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Goldilocks' Comments and Global Economic News Monday AM 2-12-24

Good morning Dinar Recaps,

Investing in Gold: Is Gold Still a Good Inflation Hedge in a Recession? | Bloomberg
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CURRENT SITUATION

1. Stocks are trading like the Fed already cut rates

2. Bonds are trading like rate cuts aren't happening

3. Gold is trading like we are on track for a "soft landing"

4. Oil prices are trading like we are entering a recession

5. Housing markets are trading like nothing is happening

Nothing adds up here.

@KobeissiLetter

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MC Explains: All you need to know about programmability and offline functionality proposed in CBDC pilot. | Moneycontrol

During monetary policy review, Reserve Bank of India (RBI) Governor Shaktikanta Das on February 8 proposed additional use cases for central bank digital currency (CBDC) pilot projects.

To make it attractive and increase the adoption of CBDC, Das said that the digital currency would be programmed to help cater to specific end uses and also make it usable in areas with poor or no internet.
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15 Strongest Currencies in the World in 2024 - Insider Monkey

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Bidenomics is failing, the people know it now. The farmers are now feeling the pain. When Trump was in the WH he gave the tariffs to the farmers to help them. Now the farmers are in trouble. Putin is now letting everyone know the world is moving away from the Federal Reserve note. | X22report

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DINARRECAPS8 2/8/24 DINARRECAPS8 2/8/24

Goldilocks' Comments and Global Economic News Thursday Evening 2-8-24

Good Evening Dinar Recaps,

Joint Statement on the U.S.-UK Financial Regulatory Working Group

Folks, several financial governing bodies have been working together to create new leverage mechanisms that will level the playing field between countries around the world.

There is a growing understanding that these new Digital Payment Systems will create new Global Currency Values going forward.

The following article represents an accumulation of several working bodies in the financial payment sector collaborating new efforts for equalizing trade mechanisms on a Global scale going forward.

This is all part of leveling the playing field we have talked about many times among countries to allow everyone to move forward together inside a new Digital Asset Based Trading System. Treasury UK Gov

© Goldilocks
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Goldilocks' Comments and Global Economic News Thursday Evening 2-8-24

Good Evening Dinar Recaps,

Joint Statement on the U.S.-UK Financial Regulatory Working Group

"The WTO's Global Review of Aid for Trade, scheduled for 26-28 June, aims to integrate trade into development strategies under the theme 'Mainstreaming Trade'. This event addresses supply-side constraints that hinder the participation of developing economies and LDCs in global trade."

LDC stands for least developed countries. In 2021, the least developed countries have been exporting primarily oil, gold, copper, and clothes. The shift to encouraging agricultural exports has been underway ever since that time, and this is beginning to help encourage more trading revenue in the commodity sector that will allow them to compete with some of the larger countries.

This article is telling us that Economic Development between countries are in process of being reformed through the World Trade Organization. Economic development effects currency appreciation as changes to trade ratios create improvement in the standard of living through the World Trade Organization.

We talked about this not too long ago. Countries are working with the WTO in making some of these changes since the early part of this year in late part of last year. These changes improve the quality of living in a country's revenue inspiring new demands on their currency and their values.

There is a meeting this month to go over contracts and establish new trade ratios based upon new demands in countries around the world for goods and services.

Later this year we are reading about a conference that will be held to focus on supply side issues in these Global Trade mechanisms. These shifts will create a More Level Playing Field between countries and new price pressures on their local currencies fulfilling these orders. BNN Breaking ACS AEC

Watch the water.
© Goldilocks

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World’s Best Supply Chain Finance Providers 2024

Technological advancements in digitalization and automation have made supply chain finance (SCF) more accessible and efficient, which has led to a proliferation of platforms and solutions that streamline the processing of invoices and payments, making it easier for companies of all sizes to implement SCF programs.

The increased complexity of supply chains makes managing working capital efficiently much more challenging. SCF can bridge the gap between payment terms and the actual flow of goods—helping buyers and suppliers improve their cash flow by accelerating receivables for suppliers and extending payables for buyers. https://gfmag.com/banking/worlds-best-supply-chain-finance-providers-2024/

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Cybersecurity remains number one risk for global banks | Fin Extra

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Hong Kong General Chamber Of Commerce Urges Government To Consider Yuan-Linked Stablecoin

The Hong Kong submitted proposals for the city’s upcoming budget, asking policymakers to allow the issuance of a stablecoin in China’s yuan.

It said in a Feb. 6 statement that the stablecoin could be be backed by the yuan or a basket of various fiat currencies, including the yuan, Hong Kong dollar and USD stablecoins. Inside Bitcoins

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Swiss Fintech Trade Group Details Vision of “Tokenized Finance” - Fintech Schweiz Digital Finance News - FintechNewsCH

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5G Promises Connected Consumers More Personalized Banking | Pymnts

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"Established in 1964 as a permanent intergovernmental body United Nations Conference on Trade and Development (UNCTAD) is the main authority of the General Assembly in the sphere of trade and development. Its purpose is promotion of trade and development, particularly in developing countries."

The UNCTAD is currently calling for immediate reforms to the global debt framework such as the WTO we have been talking about today to avoid a widespread debt crisis within developing countries.

Many of the decisions you are seeing today on payment systems have had their roots in many years of discussions to get to this point. We are witnessing an implementation stage in the new digital economy taking place as we speak.

When Protocol 20 begins to connect Quantum Technologies from around the world, you are going to see many of the workings of these collective payment bodies from around the world began to implement and formulate new value structures on our new Global economy.

We are witnessing pressures to move forward with a new Financial System from all sides of the world at this time. Volatility in the market is expected, and it will shake out old price patterns and formulate new ones in the transformation of these traditional assets becoming tokenized inside a new commodity-based system. UNCTAD Economy Gov

© Goldilocks
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How does the Soroban Smart Contract Platform work?

https://youtu.be/vV8FLaz1gXY?feature=shared

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Stellar | Soroban | Smart Contracts Platform on Stellar | Stellar

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"Hong Kong is among first to propose crypto reserve requirements for banks aligned with new international standards."

This will go a long way to help approve those stablecoins that are in Hong Kong's current pilot program.

Creating synergistic payment programs between the banking system and crypto through pegging their stablecoins with commodity assets will give a real value to their digital economy and those that trade with them in the sandbox being tested and soon to be regulated. SCMP

© Goldilocks

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DINARRECAPS8 2/7/24 DINARRECAPS8 2/7/24

Goldilocks' Comments and Global Economic News Wednesday Evening 2-7-24

Good evening Dinar Recaps,

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the World Bank headed by the Director of the World Bank’s office in Iraq, Mr. Richard Abdel Nour.

During the meeting, they discussed enhancing bilateral cooperation between the Central Bank of Iraq and the World Bank and discussing electronic payment projects and financial inclusion, as well as reform programs to enhance the stability and development of the financial sector.

The two parties also discussed the support of the World Bank to provide advice in establishing the Riyada Bank dedicated to financing small projects in Iraq, with the support of the International Finance Corporation.

In turn, the World Bank delegation praised the procedures of the Central Bank of Iraq in facilitating financial transfers to different segments in Iraq, noting that the infrastructure of electronic payment systems and software systems in Iraq are among the best systems in the region.

Central Bank of Iraq Information Office 7 February – 2024

Goldilocks' Comments and Global Economic News Wednesday Evening 2-7-24

Good evening Dinar Recaps,

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Economic Reforms in Iraq are currently being implemented. This does not mean it will happen all in one month. Some of these reforms will take place throughout this year.

In other words, the Central Bank of Iraq and the World Bank are currently in process of implementing their new digital asset-based trading system into the Global Markets. https://cbi.iq/news/view/2511
© Goldilocks

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Those of you who have been in this process for some time can remember when Iraq said the following words, "...they would wait for a suitable environment for the re-entrance into the Global Markets." Well, they are beginning the process this month.
© Goldilocks

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Watch interest rates. This is where the game begins.
© Goldilocks

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Commercial real estate is crashing. Workspace offices are on sale globally in almost all businesses you can think of at this time. Regional banks are extremely stressed - again. Business Insider
© Goldilocks

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Janet Yellen: Some banks may be ‘quite stressed’ by empty office building trouble | CNN

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The report noted that “Even if only half of the uninsured depositors decide to withdraw, almost 190 banks are at potential risk of impairment to insured depositors, with potentially $300 billion of insured deposits at risk. Norada Real Estate Investments

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The US dollar currently has a lot of downward pressure on it due to a lack of demand for its use.

This does not mean it cannot be pushed up due to war utilizing the dollar to support those efforts.

Just so you know, the real technicals on the dollar if war wasn't taking place would have brought the dollar to a much lower value by now.

A lot of technical values will begin to change during this war. They certainly will need to be adjusted when they are done. Investopedia
© Goldilocks

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Auto Loan Balances, Subprime, Delinquencies, and Income: Who Are Those Drunken Sailors? | Wolf Street

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Credit-card and car-loan delinquencies are at their highest point in more than a decade | Morningstar
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Janet Yellen: Some banks may be ‘quite stressed’ by empty office building trouble | CNN

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Dow theory is flashing a warning | Finance Yahoo

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Crypto Risks Demand Congressional Action, Treasury Secretary Sounds Alarm | Tron Weekly

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Inflation constricts growth and liquidity in 2024 for banks and credit unions, according to new Wipfli reports | PR Newswire

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The Central Banks all around the world have been accumulating gold for some time. There is a good reason for this, which, we are witnessing take place at this time.

Central Banks provide liquidity for the banking system during times of turmoil and downturns such as the one we are experiencing.

As our Global Economy begins to feel a greater force of inflation creating liquidity squeezes on our banking systems going forward, it will be the role of the Central Banks to utilize our gold holdings to add net worth and value to our banks the dollar can no longer provide.

This movement forward into a greater and greater dependence on gold to deflate our inflated economy will create a bridge into our new economy. ICICI Direct

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

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When our economy begins to lower interest rates, we will see the Metal Markets begin to rise. At that time, many of our tokenized assets that are backed by gold and other commodities will begin to add value to our new tokenized assets in the new digital economy.

Protocol 20 will bring these new assets into the market through Quantum Technologies interfacing networks that will allow them to work together. This will be again creating real world assets of authentic values going forward.

Depending on where we are in interest rate cuts as our Quantum Technologies begin the process of populating new asset values into the market, we will begin to witness synchronizing efforts between the banking system and the markets begin to flow into them new mechanisms that will guide us forward in our new digital asset based trading system.

For instance, some of the highest demands on Silver going forward ever recorded will begin to raise the price of assets this particular commodity is backing.

Throughout history, silver and gold has been used at times to represent monetary values. They are both coming into play along with other commodity metal assets and rare earth minerals.

Lower interest rates will begin the process of infusing higher values and more liquidity into our markets. All reports continue to tell us to expect great changes as we near the second half of the year.

Everything is going to be tokenized before it's over my friends. Everything. What this tells us is values on these new tokenized assets are about to see new values when the markets pivots or changes direction into the new financial system. Silver Institute
© Goldilocks

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Isaac Posted a Message today!

Hello I will have a great update tomorrow. Blessings!

Isaac's Telegram Room

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On Thursday, the Supreme Court will hear arguments over whether Section 3 of the 14th Amendment bars former President Donald Trump from the ballot in Colorado — the outcome of which could upend the 2024 presidential election.

The court will hear oral arguments in the case on Thursday, Feb. 8.

Both Trump and the Colorado voters who sued to bar him had asked the high court to weigh in and determine whether a part of the 14th Amendment designed to keep Confederates out of government after the Civil War should apply to the former president — and leading contender for the GOP nomination — later this year. NPR

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👆 If you think this doesn't have anything to do with the economy, you better think again.

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Large cryptocurrency miners in US now have to report energy use to the government | Ars Technica

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Used-Vehicle Wholesale Prices Give Up 55% of Pandemic Spike: Historic Plunge after Crazy Spike | Wolf Street

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U.S. SEC Clears 'Dealer' Rule Expansion That Could Rope in DeFi | Coin Desk

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Today, the Commission is considering whether to adopt final rules further defining a dealer and government securities dealer. I am pleased to support this adoption because it requires that firms that act like dealers register with the Commission as dealers, thereby protecting investors as well as promoting market integrity, resiliency, and transparency.

The registration, oversight, and regulatory regime for dealers is a cornerstone of the federal securities laws. It was amongst the first authorities that Congress gave the SEC as part of the Securities Exchange Act of 1934.

When dealers register, they become subject to a variety of important laws and rules that help protect the public, promote market integrity, and facilitate capital formation. Amongst these are meeting minimum capital requirements, reporting data to regulators, and keeping books and records. This regime benefits investors, issuers, and markets alike—and has done so for nearly 90 years. SEC Link 1 SEC Link 2

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DINARRECAPS8 1/28/24 DINARRECAPS8 1/28/24

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

Good Evening Dinar Recaps,

Easing of sanctions against Venezuela boosts marine and energy sectors

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

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

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

© Goldilocks

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

Good Evening Dinar Recaps,

Easing of sanctions against Venezuela boosts marine and energy sectors

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Watch the water.

© Goldilocks

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

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

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

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

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

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

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

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

👆 Will keep you updated!

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

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

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

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

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

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

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

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BIS Announces Tokenization Project Among Six Initiatives for 2024 | Kryptomoney

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

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DINARRECAPS8 1/14/24 DINARRECAPS8 1/14/24

Goldilocks' Comments and Global Economic News Sunday Evening 1-14-24

Goldilocks' Comments and Global Economic News Sunday Evening 1-14-24

Good Evening Dinar Recaps,

"The IIA Releases New Global Internal Audit Standards to Lead Profession into the Future"

The Institute of Internal Auditors has a long history of auditing Financial Industries. It provides internal audits regarding principles, compliance issues, and proposals for implementation in a streamlined format.

This auditing system began the first day of this year and will run until the end of the year and following. It determines sanction procedures, as well as, moving Financial structures into new directions.

It is clear that our QFS is up and running. Since the beginning of the year, we have added reporting procedures and now auditing protocols to our new digital asset-based trading system.

As we approach, Basel 3 final guidance on January 16th implementation and Protocol 20 on January 30th, we are about to be well on our way to a systematic approach designed to self-check itself on a global scale.

© Goldilocks

Goldilocks' Comments and Global Economic News Sunday Evening 1-14-24

Good Evening Dinar Recaps,

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Banking Announcement:

On 11 December 2023, Treasury and the IRS issued Notice 2023-80 (the “Notice“), which represents the US government’s first attempt to address the US federal income tax implications of Pillar Two. The Notice provides guidance on certain foreign tax credit and dual consolidated loss issues that arise in the context of Pillar Two. The Notice also extends the period of relief for the 2021 final foreign tax credit regulations until more guidance is issued. John Barlow, Rafic Barrage, Ethan Kroll, Sam Pollack and Steven Smith analyze the guidance in Notice 2023-80: When the US Tax Code Meets Pillar Two, as first published in the December 2023 issue of Tax Management International Journal.

To read Notice 2023-80: When the US Tax Code Meets Pillar Two, please click below.👇

Notice 2023-80: When the U.S. Tax Code Meets Pillar Two

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"The Federal Reserve is unlikely to extend its Bank Term Funding Program, the central bank’s vice chair for supervision, Michael Barr, inferred Tuesday while speaking at an event for Women in Housing and Finance. The Fed launched that emergency lending facility last year amid the collapses of Signature and Silicon Valley Bank. It is set to expire March 11."

We talked about this last week. The safety net for the old banking system of emergency funding will be over on March the 11th, 2024. We are expected between now and then to make adjustments inside our new Digital Asset Based Trading System and new Capital requirements to be up and running well.

These changes could cause fluctuations in the market we have not seen in a long time, but these shifts will be adjusted through new Basel 3 final guidance on our new tokenized assets interfacing together with banking systems and financial institutions all over the world.

This is not an overnight process and could take well into this year for many assets to shift into new prices based on new banking protocols.

Look for price pressures to cause new valuations going forward. It is a process expected to happen over time leading to a culminating event of weighing the market and its new values on a fixed rate of gold.

© Goldilocks
Banking Dive LInk

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Fed Reports Operating Loss of $114 billion for 2023, as Interest Expense Blows Out | Wolf Street
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Google launched several new tools for retailers using generative artificial intelligence to improve online shopping experiences and other retail operations, its cloud business announced in a release Thursday.

CNBC Link

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China is using AI and 3D printing to build a 590-foot-tall dam without the need for human workers, scientists say | Business Insider

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In a significant shift, Norwegian Cruise Line (NCL) has announced it will cease foreign currency exchange services aboard its vessels from February 1, 2024. The change mandates the use of the U.S. dollar for all onboard transactions, impacting the way international travelers manage their finances while at sea.6 hours ago https://www.cruisehive.com › norw...
Norwegian Cruise Line Discontinues Currency Service

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Look for several Market adjustments to take place as capital requirements under Basel 3 get implemented between now and March the 11th, 2024.

From that moment forward, the emergency funding program to protect our markets from the old Financial system will fall away.

We will be on a new digital banking system guided by new protocols under gold as a tier-one asset.

© Goldilocks

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Watch the Debt Clock at 6pm ET tonight! A Secret Message appears every Sunday, Tuesday, and Thursday at 6pm ET. Join the discussions in the SOWT's Living Room as we try to decode the message!

Discussions ON THE DEBT CLOCK Topic begin at 6pm ET
Join in the fun with your decoding ideas.
While the Debt Clock topic is being discussed please stay on topic. Off topic comments during this time are subject to being removed. Thank you

The Living Room Link
The Debt Clock Link
The Debt Clock on the SOWT Website

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DINARRECAPS8 1/13/24 DINARRECAPS8 1/13/24

Goldilocks' Comments and Global Economic News Saturday Evening 1-13-24

Goldilocks' Comments and Global Economic News Saturday Evening 1-13-24

Good Evening Dinar Recaps,

For the first time in 45 years, US Treasuries have more of a downturn volatility risk potential than gold. This is why we are moving to Basel 3 compliance in our banking system.

Monetary gold now qualifies as a Tier 1 asset, and it is 100% valued for the purposes of bringing stability to the banking system.

On January the 16th, 2024 we move to the final rule stage of Basel 3 compliance in our banking system. At this time, final guidance will be given on Capital requirements held in the banking system in terms of gold and other assets to support it.

Gold will set us free.

© Goldilocks

Goldilocks' Comments and Global Economic News Saturday Evening 1-13-24

Good Evening Dinar Recaps,

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Bitcoin is a convertible virtual currency. This is why we witnessed gold beginning to track Bitcoin on the first day of its introduction (ETF) onto the markets.

Gold tracks currency. Be it cryptocurrency or paper currency, gold will support them as an underlying asset. In the new economy, tokenized assets are supported by gold and other commodities. This will give us a stabilizing effect capable of deflating and inflating the economy through gold.

Back to currencies and cryptocurrencies, we are about to witness more tokenized assets and ETFs come on board with the new digital asset-based trading system. Some of these new assets will be Stablecoins.

Stablecoins are representations of our paper currencies and digital values inside the new payment systems we will be utilizing. Yes, they will be tracked and supported by gold giving them a stronger value.

Gold serves as a hedge for declining currencies and issues with inflation. When Stablecoins begin to make their way into this new Digital Market, it will be important to keep our eyes on their relevance to our paper currencies. Gold as a strategic asset - Reuters

The ERC-7265 token standard proposes adding a “circuit breaker” mechanism to DeFi protocols to stop the transfer of Ethereum-based tokens in the event of a hack. CoinDesk Link

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FED LEAK: This Is a GAMECHANGER for Gold & Silver - Andy Schectman

https://www.youtube.com/watch?v=YNOH_QETImc

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Government shutdown looms as lawmakers battle over immigration - FOX19 Link

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New ETF Banking Announcement:

JPMorgan Active Bond ETF (JBND) is expected to begin trading in February.

J.P. Morgan Asset Management today announced its intent to transfer the exchange listing the JPMorgan Active Bond ETF (NYSE: JBND) to the New York Stock Exchange (NYSE) from NYSE Arca, effective January 30, 2024.

J.P. Morgan Asset Management to Transfer JPMorgan Active Bond ETF (JBND) to NYSE from NYSE Arca PR Newswire

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Judge Approves Settlement: Binance to Pay $1.5 Billion to CFTC, CZ to Pay $150 Million Fine Crypto News

The Expertise Advisory Committee of the US Commodity Futures Trading Commission(CFTC) has taken a big step in addressing the challenges posed by decentralized finance (DeFi) by voting to submit a report urging the federal government and trade to prioritize understanding and regulating the sector.

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Top 10 Artificial Intelligence Technologies In 2024 | AI Tools

Artificial Intelligence is the simulation of the pretense of human intelligence processes by machines, particularly computer systems. Though the term Artificial Intelligence has been around for more than 50 years, it was 20 years before the world began to understand its massive potential. Artificial intelligence has various applications like Simulation, Natural Language Processing, Speech Recognition, and Robotics.

There has been a constant development in the Artificial Intelligence field, and the growth is aggressive. Today, Artificial Intelligence is everywhere. So, learning about Artificial Intelligence technologies will help you stay up-to-date. This Artificial Intelligence technologies blog will explore some famous technologies like Natural Language Processing, Robotic Process Automation, etc.

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Last November the BIS Innovation Hub revealed it was planning a project with the Swiss National Bank and the World Bank to tokenize promissory notes. Yesterday it provided a few details, including the project’s name, Promissa, and a target deadline of early 2025 for completing the proof of concept.

The IMF will participate as an observer.

Today promissory notes are largely paper-based, but the objective isn’t purely to digitize them. Using a distributed ledger will create a single source of truth and provide an overview for all parties. So countries that make financial commitments to the World Bank, the IMF and potentially other institutions can see all their outstanding promissory note commitments in one place. And the World Bank can also have a single view of all the promissory notes.

BIS, World Bank, Swiss National Bank to Tokenize Promissory Notes - Ledger Insights 1

BIS, World Bank explore tokenizing promissory notes for development funds - Ledger Insights 2

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SOUND 2024 OUTLOOK FOR GLOBAL BANKING, BUT KEY DOWNSIDE RISKS LIKELY TO PERSIST - International Banker

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Creation of minerals “Super Region” could make Africa, Middle East and South Asia global leaders in energy transition | African Mining Market

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Saudi Arabia signs mining deals with four nations - Mining Technology

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#JimWillie : #Gold Is Replacing Treasuries As Store of Value NOW

https://youtube.com/shorts/Zl7lDMc0rf4?feature=shared

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DINARRECAPS8 1/11/24 DINARRECAPS8 1/11/24

Goldilocks' Comments and Global Economic News Thursday Evening 1-11-24

Goldilocks' Comments and Global Economic News Thursday Evening 1-11-24

Good Evening Dinar Recaps,

Today, spot Bitcoin ETF will begin Trading on the Global Markets. Yesterday's announcements and official adoption of Bitcoin ETFs and today's official launching of this new asset class marks the beginning stages of our new digital economy.

We are witnessing history in the making, and a new Global Economic pathway into the future. A spiritual corridor has been opened within the hearts and minds of the human race allowing access to parts of ourselves never accessed before.

It is in our creative endeavors such as these that access the highest aspects of our human potential.

We are witnessing the evolution of humanity as we embark on a journey uniting both Heaven and Earth.

May God Bless us as we move forward into the great unknown, and may we always hold fast to the notion that none of us ever walk alone.

© Goldilocks

Goldilocks' Comments and Global Economic News Thursday Evening 1-11-24

Good Evening Dinar Recaps,

~~~~~~~~~~

The Financial Services subcommittee has issued an official statement regarding digital economic adoption and stablecoin payment implementation in the United States.

It is increasingly clear as we have been stating in this room that the United States of America is embarking upon a new Digital asset-based Trading System supported by the Commodities Market.

Our new tokenized assets going forward will be coordinated with new Basel 3 compliant Banking Protocols. A Gold Standard set of rules and regulations will begin to guide this process as further benchmarks are achieved to solidify this new Global Financial System.

© Goldilocks

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Economic Sanctions: Agency Efforts Help Mitigate Some of the Risks Posed by Digital Assets | U.S. GAO

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The FDIC, Federal Reserve and Office of the Comptroller of the Currency today jointly released a prerecorded, one-hour webinar on the final rule to modernize regulations implementing the Community Reinvestment Act. The video provides an overview of the rule and its objectives. Additional topics in the recording include assessment areas, community development, evaluation framework, performance tests, ratings, data collection and reporting and applicability dates.

https://bankingjournal.aba.com/2024/01/banking-agencies-release-video-on-community-reinvestment-act-rule/

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Are Hopes of Lower Mortgage Rates Freezing Up the Market Further? Buyers’ Strike Continues | Wolf Street

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The Central Bank of Russia issued into circulation on 10/16/2023 the new banknote in denomination of (5000) rubles, with an indication that the old issue of the same denomination is still in circulation and has the power of exoneration and legal presentation.

(A new banknote of 5000 Russian)
https://cbi.iq/news/view/2499

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https://bankingjournal.aba.com/2024/01/banking-agencies-release-video-on-community-reinvestment-act-rule/

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Do you see it? Gold and Bitcoin are tracking one another.
© Goldilocks

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With Gold tracking Bitcoin, it will add stress to the Commodities Market.

Gold knows what it's doing. It is the bridge into the next economy that we are now crossing over into at this time.

Gold works miracles under pressure.

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

© Goldilocks

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Below is a list of Bitcoin EFT’s and their ticker symbols.

Blackrock's iShares Bitcoin Trust (IBIT)
ARK 21Shares Bitcoin ETF (ARKB)
WisdomTree Bitcoin Fund (BTCW)
Invesco Galaxy Bitcoin ETF (BTCO)
Bitwise Bitcoin ETF (BITB)
VanEck Bitcoin Trust (HODL)
Franklin Bitcoin ETF (EZBC)
Fidelity Wise Origin Bitcoin Trust (FBTC)
Valkyrie Bitcoin Fund (BRRR)
Grayscale Bitcoin Trust (GBTC)
Hashdex Bitcoin ETF (DEFI)

© GM

Bitcoin ETF Ticker Symbols.

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All of these new ETFs that are tokenizing our assets on the market will create price pressures for gold.

No one knows for sure if Ripple is the next one in line, but they are expecting more.

Each one will cover more and more sectors of the market including Forex. As we all know, we have been studying these tokenized assets and know that gold will support the ones chosen for the new digital economy.

Each step along the way will create new valuations on the market under a new set of Basel 3 guidelines.

This is how our markets will formulate new values across each sector of the digital market.

Can you say float?

© Goldilocks

https://thecryptobasic.com/2024/01/11/top-experts-say-xrp-etf-is-next-with-bitcoin-etf-approved/

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Look for Stablecoins to begin making headline News soon.

Goldilocks

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DINARRECAPS8 12/30/23 DINARRECAPS8 12/30/23

Goldilocks' Comments and Global Economic News Saturday Evening 12-30-23

Good Evening Dinar Recaps,

The articles below go into great detail about aspects of Maritime Shipping Industry routes that have been broken for some time.

Several are currently being built and rebuilt and will be stronger than ever as shipping routes from the East to the West are being reset. For example, Iraq has a new shipping port that will take away some of the pressures of some ports across the world.

We have talked about several routes these past few years that are being created to carry cargo ships filled with goods to areas of the world forging new pathways into the future and into the new digital economy.

These new passageways will create less of a bottleneck and more of an even flow in the movement of goods across the world as well as a Level Playing Field monetarily.

Goldilocks' Comments and Global Economic News Saturday Evening 12-30-23

Good Evening Dinar Recaps,

Look for new price pressures to form because of these changes along with exchange rates to meet the needs of our new Global Economy.

As more and more countries begin to trade with their own local currencies, new price patterns will come with new demands on them.

New contracts and payment agreements are already being signed across the world as we speak. In 2024, many of these new changes will go into effect.

Watch the water.

© Goldilocks
Chem Analyst Link
Economic Times India Link
Hellenic Shipping News Link

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Basel III endgame: 5 things to watch in 2024 American Banker Link

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Why January Could Be a Good Month for Gold OilPrice Link

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Banking Announcement:

Based on feedback to a Jan 2023 consultation paper, Bank Indonesia has decided to proceed with a series of experiments to develop a digital rupiah. RegulationAsia Link

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NEW YORK/LONDON, Dec 29 (Reuters) -"The dollar edges higher on Friday, but it is set to end 2023 with its first yearly loss since 2020 against the euro and a basket of currencies, on expectations the U.S. Federal Reserve will begin cutting rates next year as inflation moderates."

It is more than just this statement claimed in this article. Many countries have already begun utilizing their own local currency instead of the dollar in trade.

This trend is expected to continue in 2024 as the realignment of currencies across the board is expected to share new demands on the purchase of goods in trade by the countries who are offering them.

These new demands will create interest and money flow inside these countries utilizing their own currencies and price pressures will be forthcoming.

© Goldilocks
XM Link

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Tokenizing Real World Assets (RWAs) will unlock a new “Golden Age” in blockchain and traditional finance, according to British-Venezuelan researcher and lecturer Carlota Perez. Tech Node Link

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IRS ‘Pay Up’ Letters Start Arriving in Millions of Mailboxes Next Week

Starting next week, the Internal Revenue Service will resume sending a “special reminder letter” to millions of Americans about their unpaid tax bills, ending a nearly two-year hiatus for the mailings during the pandemic. https://themessenger.com/business/irs-unpaid-taxes-collection-notices-resume-pandemic

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South Africa’s envoy says BRICS is set to double as Saudi Arabia, Iran, the United Arab Emirates, Ethiopia and Egypt will join on January 1

Here comes 2024

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"Iraq Stock Market Report · ISC approved the listing and trading of reconstruction bonds which was issued on 10/10/2023 by the Ministry of Finance, ..."

Reconstruction Bonds will raise Capital funds for the country of Iraq and insure liquidity for the banking system, merchants, and the people as they continue to build and grow their economy.

Reconstruction bonds are considered the Secondary Market where currency trades take place. These new listings on the Iraqi Stock Market will go to help improve the infrastructure of Iraq and strengthen its economy locally and abroad.

Iraq is rapidly becoming a self-sustaining economy capable of reaching out to the International Markets once again. Their new digitized shipping ports will bring in revenue as well as expand the use of their currency going forward.

© Goldilocks
MENA FN Link
American Legal Code Library Link

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"China to lower dollar, euro weightings in CFETS yuan basket index in 2024"

This will open up more room for the growth of the Chinese Yuan. It is an indication that the Chinese Yuan is being traded more and being given a higher weight in its value.

It is one of many economic mechanisms that are showing the need for adjustments to new values. These actions are one of many signs that a reset in currency values is on its way.

© Goldilocks
Kitco Link

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International Bank Transfers (Clearly Explained)

"In most countries, there are no legal limits on currency exchange."

"The UK, US, Canada, Australia, NZ, and the countries in the EU have no restrictions on the maximum size of an international bank-to-bank money transfer."

So there you have it. There are no legal limits in most countries including the US for a bank-to-bank transfer of money.

This is a simple bank exchange, my friends.

© Goldilocks
https://www.keycurrency.co.uk/international-bank-transfer/
https://www.keycurrency.co.uk/large-currency-exchange/

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China and Russia test ‘hack-proof’ quantum communication link for Brics South China Morning Post Link

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US Military Launches Highly Classified Unmanned Space Plane

The U S Space Force launched a secretive plane on Thursday which has been equipped with heavier boosters that could feasibly send it further into orbit than ever before. ZeroHedge Link

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Dinar Recaps 20 12/29/23 Dinar Recaps 20 12/29/23

Rafi Farber: 2024 Will Be The Year of the Silver Swan

Rafi Farber: 2024 Will Be The Year of the Silver Swan

Acadia Economics: 12-29-2023

In this week's silver report, Rafi Farber goes into the deep logic of why the End Game means a return to silver specifically as the preeminent money, as opposed to gold, and why 2024 could easily be the year this actually happens.

Not through politics, but through the market itself.

The current inflationary system began its march not in 1971, not in 1933, and not even in 1913 with the founding of the Federal Reserve System.

Rafi Farber: 2024 Will Be The Year of the Silver Swan

Acadia Economics: 12-29-2023

Not through politics, but through the market itself.

The current inflationary system began its march not in 1971, not in 1933, and not even in 1913 with the founding of the Federal Reserve System.

It began 150 years ago, back in 1873, when the dollar became an exclusively gold currency, and all the purchasing power of silver was transferred into gold, enriching the rich at the expense of the middle class and the poor.

2024 could be the year that this all turns around in dramatic fashion, and to be part of it, you'll need to own some silver.

https://www.youtube.com/watch?v=_GkbzGfVgTc

DINARRECAPS8 12/29/23 DINARRECAPS8 12/29/23

Goldilocks' Comments and Global Economic News Friday Evening 12-29-23

Good Evening Dinar Recaps,

"Since 1979, the Federal Emergency Management Agency (FEMA) has been the Federal Government's lead agency in responding to and recover- ing from many of the Nation's greatest moments of crisis."

India is proposing New Foreign Exchange Rules. Stakeholders have been invited to share their comments regarding FEMA involvement on the draft Licensing Framework for APs. These comments will be accepted until January 31st, 2024.

APs stands for authorized persons to oversee the new functions and standards of their Foreign Currency Exchange Department.

The purpose of these actions will be to carry out the implementation of operational efficiency in their delivery of foreign currency exchanges going forward. This will cover all areas of an economy where exchanges take place such as airports and tourist exchange centers.

Goldilocks' Comments and Global Economic News Friday Evening 12-29-23

Good Evening Dinar Recaps,

As you can see, a lot of management takes place behind the scenes of even the Banking and Market systems. Although it doesn't seem fast enough, we are moving forward.

Many people hold currencies the RBI will be moving through their system under their new digital asset-based trading payment system called the UPI.

The Unified Payments Interface (UPI) will be involved with moving the Iraqi Dinar, Indonesian Rupiah, Vietnamese Dong, US Dollar, Indian Rupee, and other currencies. These currencies used to utilize the US Dollar in trade, and now, they are beginning to use their own local currencies. Each will be given a watchful set of eyes to make sure foreign currency exchanges begin the process of new money flow efficiently and safely on a Global scale.

© Goldilocks
Arabian Business Link
Money Control Link
FEMA Link

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Folks, this transition is a big deal, and it involves more than just you and I receiving money.

A lot of time and effort has gone into making this Global monetary transition as easy and safe as possible.

2024 is the projected year for this transition. It will not be done in a single day. We will stay informed as to what the banking system is doing behind the scenes and report our findings as soon as we can.

This is why I've been working with Salty and her Seeds of Wisdom team on putting information on her website in case we have trouble with social media sites.

© Goldilocks
https://www.seedsofwisdomteam.com/

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Press release: Basel Committee consults on targeted adjustments to tighten its standard on banks' exposures to crypto assets https://www.bis.org/press/p231214.htm

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December brings flurry of Treasury activity against virtual currency services DLA Piper Link

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"Bitcoin bulls and bears prepare for end-of-year $10B BTC options expiry – Nusrat Computer"

"Bitcoin’s (BTC) market is preparing for a $10.1 billion options expiry, a significant event set to occur on Dec. 29 at 8:00 am ET. The latest data indicates that call (buy) options hold a clear advantage, but bears could significantly limit their losses by pushing Bitcoin’s price below $42,000." Nusrat Computer Link

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Fifth of Global Oil Trade Used Non-Dollar Currencies in 2023 OilPrice Link

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BRICS: 130 Nations Move Toward CBDC, US Dollar at Risk

https://cryptorank.io/news/feed/cc19e-brics-130-nations-move-toward-cbdc-us-dollar-at-risk

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BRICS revolution: UAE and China announce mega trade shift using local currencies
https://www.cryptopolitan.com/uae-and-china-to-settle-trade-in-yuan/

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Pix (Brazil), UPI (India), and FedNow (US) are all payment infrastructures designed to interconnect various financial institutions within the countries in which they operate, facilitating the capability for instant 24/7/365 payments between these institutions.

https://paymentscmi.com › insights
Comparing RTP systems: Pix, UPI, and FedNow

~~~~~~~~~~

Bob Kudla – There Is One Chart That Explains Where We Are Headed, Market Correction

X22 Report Link

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SILVER ALERT! COMEX Silver Exchange is DYING as Physical Silver DISAPPEARS! Lowest 1st Day EVER! (Bix Weir)

The 2024 COMEX Silver market is starting with a Whimper and NOT a BANG!

On the 1st day of notification ALL the traders in COMEX Silver combined only stood for 28 Contracts on the first delivery day in January 2024!

That's like it's not even relevant but WHY is an exchange that SETS the global price for silver NOT EVEN DELIVERING PHYSICAL SILVER?

Is it because THEY ARE OUT of available Physical Silver?!

Time will tell but You know where you should be positioned in 2024...VERY LONG PHYSICAL SILVER!

https://www.youtube.com/watch?v=rA4bBLimgLs

~~~~~~~~~~

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DINARRECAPS8 12/28/23 DINARRECAPS8 12/28/23

Goldilocks' Comments and Global Economic News Thursday Evening 12-28-23

Good evening Dinar Recaps,

Spot bitcoin ETF approval may be coming in January, experts say.

Investors await approval for the first U.S. spot bitcoin exchange-traded fund, which would be a milestone for cryptocurrency investors.

Discussions between the Securities and Exchange Commission and asset managers with pending spot bitcoin ETF applications have advanced.

Still, bitcoin "remains an extremely volatile and speculative asset,” said Bryan Armour, director of passive strategies research for North America at Morningstar.

Goldilocks' Comments and Global Economic News Thursday Evening 12-28-23

Good evening Dinar Recaps,

Spot bitcoin ETF approval may be coming in January, experts say.

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Fincen issues final beneficial ownership access rule American Banker Link

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Stablecoins are cryptocurrencies designed to maintain a stable value, often pegged to a 1:1 relationship with a fiat currency. As a result, absent a depegging, stablecoins do not demonstrate the volatility that is associated with other cryptocurrencies.

Because of their stability, stablecoins form a bridge between traditional finance and decentralized finance capabilities by making it easier for businesses and individuals to conduct transactions and make investments.

S&P Global Ratings Stablecoin Stability Assessment is designed to provide market stakeholders with transparency into the stability of various stablecoins and specific insight into their depegging risks.

SP Global Link
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"The Financial Accounting Standards Board (FASB) has issued a new accounting standard to improve the accounting for and disclosure of certain crypto assets."

This new standard will give companies the ability to fairly account for the cryptos they hold.

These particular cryptos have been tested on the market to determine fair market values that will enable standard protocols in their net worth and use.

These news standards will provide guidelines to enable companies to assess and report the real values of the cryptos they hold.

Early adoption is encouraged at the beginning of the new fiscal year and mandatory adoption is expected on December the 15th 2024.

© Goldilocks

FASB Link
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Stellar Crypto Releases Guide on How to Prepare for January 30, 2024 Mainnet Upgrade Vote

On December 18, Stellar upgraded and reset its testnet, followed by the release of the new protocol 20 version of Stellar Core, Horizon, Soroban RPC, and the Stellar SDK. According to Stellar, its network validators will vote on the initiation of its mainnet upgrade on January 30, 2024, 15:00 UTC.

On the assumption that this upgrade would occur, Stellar released a guide for businesses and developers on its network to follow. The guide mostly included instructions on installing the upgraded version of Stellar-related software so that it would be compatible with the new Protocol 20 versions.

The general objective of this upcoming upgrade is focused on enhancing functionality, performance, security, and stability, which will positively impact Stellar. See the mainnet roadmap for more details.

https://biz.crast.net/stellar-xlm-launches-mainnet-upgrade-plans-axie-infinity-axs-unveils-axie-parts-evolution-everlodge-eldg-disrupts-established-nft-protocol/

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Businesses and Corporations have until January the 30th, 2024 to upgrade their computer systems to the new digital asset-based trading system (QFS) inside Protocol 20.

© Goldilocks

https://biz.crast.net/stellar-xlm-launches-mainnet-upgrade-plans-axie-infinity-axs-unveils-axie-parts-evolution-everlodge-eldg-disrupts-established-nft-protocol/

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JPMorgan is Starting to get Loud about Its Blockchain Products

J.P. Morgan, one of the world’s leading financial institutions, has recently announced that it is ramping up its efforts to promote and expand its blockchain product suite, Onyx. Onyx is a platform that leverages distributed ledger technology (DLT) to provide innovative solutions for payments, clearing and settlement, trade finance, and digital asset management. Tekedia Link

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Introduced in House (01/09/2023) To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.

https://www.congress.gov › house-billText - H.R.25 - 118th Congress (2023-2024): FairTax Act of 2023 | Congress.gov

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Will 2024 be the year tokenization takes off in private markets? Ledger Insights Link

👆 Goldilocks pointed to this article

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Unfair foreign pricing and government subsidies distort the free flow of goods and adversely affect American business in the global marketplace. Enforcement and Compliance, within the International Trade Administration of the Department of Commerce, enforces laws and agreements to protect U.S. businesses from unfair competition within the United States, resulting from unfair pricing by foreign companies and unfair subsidies to foreign companies by their governments.

https://www.trade.gov/us-antidumping-and-countervailing-duties

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The Advisory Committee on Supply Chain Competitiveness was formed to provide the Secretary of Commerce with detailed advice on the elements of a comprehensive national freight infrastructure and freight policy to support U.S. supply chain and export competitiveness. The Committee’s work is intended to further the Administration’s export, economic, and job growth goals.

Per the charter, the Committee advises the Secretary on the necessary elements of a comprehensive, holistic national freight infrastructure, and a national freight policy designed to support U.S. export growth, foster national economic competitiveness, and improve U.S. supply chain competitiveness in the domestic and global economy.

https://www.trade.gov/advisory-committee-supply-chain-competitiveness

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IndusInd Bank launches ‘eSvarna’, India’s first Corporate Credit Card on RuPay network

Indusind Link

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The empty vault’s heavy steel door stood ajar at the end of November beside the last unclaimed silver proof coins set in piles to be sold at auction. Inquirer Link

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Ray Dalio, who’s worth $19.1 billion dollars warns that Biden’s inflation will send America back to the 1970s. So when that happens…
“You want things that are basically anti-money… you want gold.”
John Paulson, who’s worth $3 billion dollars said central banks have been replacing dollars with gold, and we’re just at the beginning of that trend… “Gold will go up and the dollar will go down, so you’d be better off keeping your investment reserves in gold at this point.”

Naguib Sawiris, who’s worth $3.4 billion dollars says 20 to 30% of your portfolio should be in gold for a very good reason:

“Let’s say inflation comes in and there is a crash in the stock market for any reason or the other, then you will be very happy you have a position in gold.”

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Mortgage Rates Dropped a Lot but Clearly Not to the Magic Level. Buyers’ Strike Continues. Issue Is Price Wolf Street Link
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Names Connected To Epstein Ready To Be Released, [DS] Cover Up Will Bring It All Down – X22 Report - Ep. 3245

https://x22report.com/names-connected-to-epstein-ready-to-be-released-ds-cover-up-will-bring-it-all-down-ep-3245/

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