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.

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

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.  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

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.

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

Goldilocks' Comments and Global Economic News Wednesday Evening 2-14-24

Goldilocks' Comments and Global Economic News Wednesday Evening 2-14-24

Good Evening Dinar Recaps,

Yesterday's CPI index reading or inflation index did not reveal what the Federal Reserve or Investors wanted to see. This caused a pullback in the market from investors whose hopes of a first or second-quarter pivot or reduction of interest rates have been threatened.

Many are beginning to ask themselves, is the debt so great that inflation may never go back to 2% as the Federal Reserve hopes under the current system?

At this point, traders are reassessing how they are going to approach the market. Many investors are putting their money inside tokenized assets such as gold and crypto. This is why we didn't see crypto follow the market yesterday.

A great deal of investors have been investing in crypto, but we have yet to see many move over into hard assets such as gold and silver like we have crypto. It's coming.

Traders are realizing that the Federal Reserve's tools for reducing inflation may not come soon enough without draining their personal reserves and holding on to a dream that may never come.

At this point, we can expect the markets to get even more volatile than they already are and more distorted due to money flowing into other countries from ours in aid to support them.

This will prop the dollar up until that flow of money is cut off or the flow of institutional money and whales become so great inside the new digital asset-based economy that influences on the market begin to change.

Consumers make up 70% of the US economy. It's time for the people to speak and make their opinions known. When crypto and commodities become the choice of the people, voices will be heard. New choices will be made. The new people's economy will emerge.  https://www.bls.gov/cpi/

© Goldilocks
~~~~~~~~~~

"The mission discussions covered policies to restore macroeconomic stability and improve growth prospects, focusing on finalizing the transfer of the RBZ’s quasi-fiscal operations to the Treasury and addressing other sources of fiscal pressures; liberalizing the foreign exchange market and establishing an effective framework for exchange rate and monetary policies; and progressing on reforms to improve economic governance."

IMF Staff Completes 2024 Article IV Mission to Zimbabwe. Article 4 with the IMF is a bilateral discussion on monetary policies that will allow them to move forward with direction. It will allow a country's consultation with them to fully inform all involved of a good path forward.

This is the second country in Africa to be given the green light to move forward with free-floating exchange rates. This will allow Zimbabwe to put their money on a supply and demand platform allowing the markets to determine their new exchange rates.   IMF

© Goldilocks

~~~~~~~~~~

"Regulatory licensing is a process by which businesses obtain permission from government authorities to operate within a specific industry or jurisdiction."

Simply put, cryptocurrency custody solutions are digital storage providers that store and secure services for cryptocurrencies in large amounts of an asset class to be held in a custody wallet safely.

In this case, Ripple is agreeing to acquire Standard Custody & Trust Company. It is an enterprise-grade regulated platform for digital assets. Ripple is moving forward with regulated compliance protocols that will make this asset a trusted virtual asset in the new digital banking economy.

Standard Custody & Trust Company is a custody and escrow service, chartered under a grant given by the New York State Department of Financial Services. This service is under compliance with federal legislation.   CoinTelegraph   LawInsider

© Goldilocks

~~~~~~~~~~

Trade Announcement:

"Nigeria-Vietnam trade chamber partners UNILAG to revolutionize microchip industry."

Nigeria and Vietnam are making bilateral trade agreements to move forward with the microchip industry.

As we learned just a few days ago, Nigeria is moving to a free floating rate exchange allowing supply and demand to determine their exchange rate.

Microchips and semiconductors play a critical role in the Global Economy, and these new demands will increase new economic influences in each other's countries and the world.

There is no doubt that this particular move between Nigeria and Vietnam in the microchip industry will influence the exchange rate in both countries.   Business AM Alive.    Wikipedia

© Goldilocks

~~~~~~~~~~

In recent years, a transformative wave has been sweeping the financial industry, reshaping the credit landscape in emerging markets. Credit scoring in these regions has historically relied heavily on factors such as employment history and income, with the underbanked and those without formal employment finding themselves excluded due to rigid criteria. New innovations are set to be the turning point for financial freedom in these regions.

At the forefront of this innovation drive are alternative data, artificial intelligence/machine learning (AI/ML) algorithms, and agile cloud platforms employed to build credit scores for underbanked communities. Utilizing new technologies allows banks to offer better financial solutions and increase access to individuals and communities traditionally excluded from formal financial institutions.
InternationalBanker 

~~~~~~~~~~

Understanding Stablecoins:

Price stability: Unlike volatile cryptocurrencies, stablecoins are pegged to real-world assets like fiat currencies (USD, EUR) or a basket of assets. This stability attracts investors seeking refuge from volatile price swings.

Bridging the gap: Stablecoins act as a bridge between traditional finance and crypto, enabling easier entry and exit from crypto markets.

Diverse use cases: From facilitating payments and lending to powering decentralized finance (DeFi) applications, stablecoins have broad utility.

Liquidity and Stablecoin Expansion:
Increased investment: As stablecoin adoption grows, more capital flows into crypto markets, boosting overall liquidity.

Efficient trading: Stablecoins provide readily available assets for buying and selling other cryptocurrencies, reducing friction and improving trading efficiency.

Deeper DeFi markets: DeFi protocols rely heavily on stablecoins for lending, borrowing, and other financial activities. Increased stablecoin supply fuels these activities, expanding DeFi market sizes and functionalities.

Reduced volatility: A larger pool of stablecoins can help absorb market shocks, potentially dampening overall crypto market volatility, and attracting further investment.  Blockchain Magazine

~~~~~~~~~~

WELCOME TO THE FUTURE? 🤔

The Central Bank in Zimbabwe has accumulated nearly a ton of gold since introducing a law that forces mining companies to pay part of their royalties using gold.

Now, they are working on backing the nation’s currency with gold.

Zimbabwe has applied to join the BRICS New Development Bank.

The BRICS development bank has said they aim to start loans in local currencies to lessen dollar dependency and foster a multipolar global financial system.

Gold will play a massive role in the future, just like it has in the past.

We are living in transformational times.

Grab a seat.

Read: https://x.com/goldtelegraph_/status/1757560869079425206?s=46

~~~~~~~~~~

Yellow Card known for its user-friendly platform and expansive presence across 20 African countries, is set to elevate user experience by integrating USDC on the Stellar network. This integration combines the robust features of the Stellar network, such as low transaction fees and lightning-fast transactions with the rapid growth of one of the world's fastest-growing digital currencies, USDC, offering users a seamless, near-instant, and cost-effective solution for various financial transactions. With this integration, users on the Yellow Card app can now send USDC on the Stellar network.

https://stellar.org/press/yellow-card-introduces-usdc-on-stellar

~~~~~~~~~~

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

Zimbabwe Considers Gold To Back Its Currency

Zimbabwe Considers Gold To Back Its Currency

Arccadia Economics:  2-14-2024

While some segments of the financial markets look at gold and silver as pet rocks or doorstoppers, it's interesting that as nations around the globe continue to run into currency troubles, they keep turning to gold and silver.

 The latest news is that Zimbabwe is now considering using gold to back their currency after years of #hyperinflation have ravaged the country.

We're also seeing citizens in Egypt and Turkey turn to the precious metals, amidst this era that's also seen record central bank gold buying.

In today's video we look at these stories, as well as the other recent gold and silver news, so click the button to watch it now!

https://www.youtube.com/watch?v=JOrwB-ReYeU

Goldilocks' Comments and Global Economic News Tuesday Evening 2-13-24

Goldilocks' Comments and Global Economic News Tuesday Evening 2-13-24

Good Evening Dinar Recaps,

"Over 44 Million Contracts Deployed to Ethereum Since Genesis: Research." This is on the Ethereum platform alone. These numbers were accumulated back in 2022, and many have been employed since that time on several other platforms.

Remember, smart contracts secure agreements being capable of fulfillment on both sides of a trade. Just recently, Cardano has already added over 5,000 contracts just this month. These smart contracts are continuing to expand as we approach Protocol 20 where Quantum Technologies from around the world will begin to populate their Networks and interface tokenized assets.

These tokenized assets will need payment systems such as stablecoins to pay for their use. These stablecoins will create money velocity adding value to a country's currencies being exchanged on the QFS.

As of last September, over 200 different stablecoins have been minted. Many of these are in process of being regulated at this time.

From many of the reports I have read, the housing market is expected to put a squeeze on liquidity in March and going forward. It will begin to create price pressures on gold that backs the tokens being minted on the QFS.

The timing of the old system leaving and the new one coming into play is uncanny. This synchronized event will create much volatility in the coming months. Don't forget, we will all be going through this transition together.

© Goldilocks
Finbold
TheCryptoBasic
FinExtra
BitPay

~~~~~~~~~~

"UAE now among top 3 global hubs for finance, Standard Chartered CEO tells World Governments Summit in Dubai.

Dubai’s connector role is crucial when trade flows are fundamentally changing. The trade flow between Asia to South Asia and the Middle East, including China, becomes critically important,” said Winters while speaking on the first day of the Summit."

The rerouting of trade flows which comprise 70% of trades that happen in the world are becoming hot topics of opportunity and growth in the Eastern half of our world.

The ability to foster trade relations utilizing local currencies between nations building digital foundations in the area of finance is formulating new bilateral trade relationships involving exchange rate pressures on currencies not utilized in a long time.   Gulf News

Watch the water.

© Goldilocks

~~~~~~~~~~

"The Markets in Crypto-Assets (MiCA) regulation is a landmark framework created by the European Commission (EC) that focuses on maintaining financial stability."

The European Commission is currently in process of classifying stablecoins. A paper is being proposed that will outline and protect certain criteria to inform banking systems they trade with of the dangers and benefits of moving forward with this new digital product.

Stablecoins are currently in review and looking to be regulated in the near term among many nations around the world. Some of these stablecoins will require more support than others at the beginning stages of this process.

Working to achieve a Level Playing Field is the purpose of this proposal, but outlining a process is a start into a new direction we have not reached until this point. Digitizing the Forex Market is an idea whose time has come.   Ledger Insights   Investopedia

© Goldilocks
~~~~~~~~~~

The Vote
PROTOCOL 20

On the day of the vote, the network's validators will cast their votes, and if they approve the upgrade, the Stellar network will immediately switch from Protocol 19 to Protocol 20.

After more than two years of technical discussions, hundreds of thousands of lines of code, and over 150 projects (that we know of) deployed on Testnet, the upgrade will mark the era of a new Stellar smart contracts tech stack, one that delivers productivity through a batteries-included developer experience built to scale.

However, unlike an immediate zero to 100 rollout, validators are opting to increase capacity for Soroban transactions on Mainnet through a phased approach. The limited capacity for Soroban transactions on Mainnet means that Soroban dapps won’t be ready for use at scale until later phases.

This deliberate strategy will allow network participants to monitor smart contract functionality's impact on network performance, security, and stability. As we progress through the phases, ledger limits for Soroban transactions will increase, ultimately building up to full capacity worthy of builders and users alike.

To be clear, these phases and the accompanying limits apply to smart contract functionality only. Limits on transactions that make use of existing Stellar operations won't be impacted, which means existing applications will continue uninterrupted.   Stellar

~~~~~~~~~~

Crypto is decoupling from the markets. Usually crypto goes down with the markets to the same percentage levels.

Today, crypto did not go down nearly as far as the markets did when they dropped.

This is an indicator of where money is going and who is creating support levels for the two sets of markets that are currently integrating themselves together.

© Goldilocks

~~~~~~~~~~

Crypto Announcement:

The demand for Bitcoin is currently outpacing supply. This is an indicator regarding price pressures that are about to be put on the crypto markets. When demand outpaces supply, you have rising prices for the asset not able to keep up with demand.   Coindesk

© Goldilocks

~~~~~~~~~~

Great potential for Vietnam – UK future cooperation: Ambassador Iain Frew |  Vov VN

~~~~~~~~~~

Venezuela increasingly becoming immune to US sanctions | Al Mayadeen 

~~~~~~~~~~

How many smart contracts on Ethereum? How do Ethereum smart contracts work? - Bitkan

~~~~~~~~~~

Rising Sales of Electric Vehicles and Growing Emphasis on Safety to Surge Brake System Market at 5.4% CAGR by 2034 | Future Market Insights, Inc. |  ForexTV

~~~~~~~~~~

Instant Debit Payments: The Next Phase of Real-Time Payments - PaymentsJournal

~~~~~~~~~~

Fednow Banking Announcement:

Local banks and credit unions are beginning to implement FedNow, a service provided by the Federal Reserve Bank of the United States to allow the transfer of funds from one institution to another in a matter of seconds. |  BizJournals
~~~~~~~~~~

India's Forex Announcement:

India’s forex reserves jumped $5.736 billion to $622.469 billion for the week ended February 2, according to the latest RBI data. In the previous week, the overall reserves had increased by $591 million to $616.733 billion.   Office Newz

~~~~~~~~~~

Estate Planning: Monitoring and Protecting Assets Online - TechBullion

~~~~~~~~~~

Senate passed $95 billion foreign aid overnight for U-kran, IS-RA-EL, Ti-wan.

Markets are adjusting...

~~~~~~~~~~

Watch Out!! New CBDC System Could End The US Dollar! | YouTube

~~~~~~~~~~

Central Bank Digital Currencies (CBDCs) are being explored by several countries and central banks for potential use on the Ethereum blockchain platform. Using Ethereum for CBDCs offers benefits such as enhanced security, transparency, efficient cross-border transactions, and programmable money.   Oct 6, 2023 -- Doubloin
~~~~~~~~~~

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

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

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

Good Evening Dinar Recaps,

Viet Nam’s exports surge 42% in January

"Việt Nam’s exports reached nearly US$33.6 billion in January, a 42 percent surge over the same period last year and the highest level since April 2022.

According to a report by the Ministry of Industry and Trade, Việt Nam’s total imports and exports of goods in the first month they surpassed $64 billion, up 38 percent year-on-year.

The surge in exports was mainly driven by the agriculture-forestry-fisheries, and processing industries, which increased nearly 97 percent and 38 percent, respectively."

These numbers are significant increases, but the one number that is the most encouraging is coming from their "process industry."

Companies that extract, transport, and process raw materials for manufacturing semi-finished or high-quality end products such as physical, mechanical, and/or chemical processes are classified as process industries.

This significant increase in demand for this particular industry indicates an ongoing service that can be provided to the Global economy. The increase in their goods and services will begin to increase price pressures on their currency to meet these demands through digitized payment systems.

© Goldilocks

Source: VNA/SGT/VNS/VOV/Dtinews/SGGP/VGP/Hanoitimes

~~~~~~~~~~

12:58 Baghdad – 964 The Securities Commission announced on Monday that the acceptance of cash payments is through electronic payment methods only, while revealing a trend to list electronic payment companies on the stock market.   Search 4 Dinar

~~~~~~~~~~

It is the future demand for US Treasuries being used as a debt instrument by other countries that is the concern for the US dollar going forward.

The lower demand for the US dollar to be used as a World Reserve Asset will force the Federal Reserve to engage in quantitative easing or the lowering of interest rates to produce more purchasing power on our currency.

Current price distortions between the US dollar and other currencies utilizing their own resources and purchasing power through the use of their own local currencies will begin the process of leveling the playing field in a Global Currency Reset.

Through the use of tokenized assets utilizing gold/local currency opportunities for countries around the world will establish new demands inside the new digital asset-based trading system. 

It is a process that is currently underway and about to shift into much higher gear as we approach the end of this month.   WTOP Radio

© Goldilocks

~~~~~~~~~~

"The renewables bubble has burst | The Spectator"

The movement from oil to solar power and electronic vehicles has begun. This transition has redirected much monetary supply into new directions and towards clean energy.

This transition is ongoing, and it will take some time. It is causing distortions in oil prices and the redirecting of new local currencies aligning themselves with this transition is causing new speculation prices on oil and energy.

Look for free-floating rates to begin as we transition from oil to solar power and other energy sectors of the market paving the way into new developments inside a digital economy.

© Goldilocks

~~~~~~~~~~

A Goldilocks Economy represents an idea whose time has come. We are currently adjusting Payment Systems and Global Economies seeking out price patterns that will allow us to move into the future with systematic digital protocols that will align our Global Economy with numbers we can grow from going forward.

Just like the story of Goldilocks and the Three Bears, we are looking for value adjustments that are "just right." Our entire Financial System around the Globe is just simply looking for a home. As we journey through this transition, the place we live will be determined by real values and real numbers paved with streets of gold.

© Goldilocks

~~~~~~~~~~

The Chinese Yuan just replaced the US Dollar in foreign currency trades for Russia.
In just the last 2 years, the Yuan was used less than 1% to now over 34%.

© Goldilocks
https://www.youtube.com/shorts/peH0vxSfEg4

~~~~~~~~~~

The world needs more copper.
This will be one of the biggest stories in the years ahead.

Read: https://x.com/goldtelegraph_/status/1756382475276918961?s=46

👆  Goldilocks pointed to this article

~~~~~~~~~~

BREAKING NEWS

ZIMBABWE MAY BACK ITS CURRENCY WITH GOLD IN AN EFFORT TO END EXCHANGE-RATE INSTABILITY

Here it comes…
It always starts with one.

Read: https://x.com/goldtelegraph_/status/1757081932373062101?s=46

~~~~~~~~~~

Zimbabwe’s Government Considers Using Gold to Back Its Currency | Bloomberg

~~~~~~~~~~

Zimbabwe to link exchange rate to hard assets which includes gold.

People laugh at the country but don't grasp the blueprint.
It is starting…

Read: https://x.com/goldtelegraph_/status/1757135386110013612?s=46

~~~~~~~~~~

Ripple says it’s planning to expand its payments business in the U.S.
Right now, 90% of the blockchain company’s business is based outside the U.S., Ripple senior director and head of product marketing, W. Oliver Segovia, said on LinkedIn last week.

“After being relatively quiet for the past 3 years in the US for Ripple Payments, we’re geared up to announce new product updates powered by our money transmitter licenses (MTLs) that cover the majority of US states,” Segovia wrote.   Pymnts

~~~~~~~~~~

Is a Recession Imminent? The Fed's Leading Indicator, Which Hasn't Been Wrong Since 1966, Offers a Clear Answer. | Fool Investing

~~~~~~~~~~

The $2 Trillion in Goods the US Exported in 2023: Led by Energy Products, Capital Goods, Pharmaceuticals, and Automotive | Wolf Street

~~~~~~~~~~

Even Banks in Asia-Pacific (APAC) on the Hook for US Office CRE: Fitch | Wolf Street

~~~~~~~~~~

Acting Comptroller Discusses Bank Mergers  | YouTube 

~~~~~~~~~~

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

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
Gatekeepers News

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

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

~~~~~~~~~~

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.
~~~~~~~~~~

15 Strongest Currencies in the World in 2024 - Insider Monkey

~~~~~~~~~~

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

~~~~~~~~~~

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

Goldilocks' Comments and Global Economic News Thursday Evening 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
~~~~~~~~~~

"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

~~~~~~~~~~

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/

~~~~~~~~~~

Cybersecurity remains number one risk for global banks |  Fin Extra

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

5G Promises Connected Consumers More Personalized Banking | Pymnts

~~~~~~~~~~

"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
~~~~~~~~~~

How does the Soroban Smart Contract Platform work?

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

~~~~~~~~~~

Stellar | Soroban | Smart Contracts Platform on Stellar | Stellar

~~~~~~~~~~

"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

~~~~~~~~~~

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

Goldilocks' Comments and Global Economic News Wednesday Evening 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  https://cbi.iq/news/view/2511

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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 

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

Credit-card and car-loan delinquencies are at their highest point in more than a decade | Morningstar
~~~~~~~~~~

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

~~~~~~~~~~

Dow theory is flashing a warning | Finance Yahoo

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

Isaac Posted a Message today!

Hello I will have a great update tomorrow.  Blessings!

 Isaac's Telegram Room  

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

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

 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.   | Clyde Co

© Goldilocks

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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.

~~~~~~~~~~

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

~~~~~~~~~~

‼️ 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

~~~~~~~~~~

BIS Announces Tokenization Project Among Six Initiatives for 2024 |  Kryptomoney

~~~~~~~~~~

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

~~~~~~~~~~

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