Goldilocks' Comments and Global Economic News Thursday Evening 2-22-24

Goldilocks' Comments and Global Economic News  Thursday Evening 2-22-24

Good Evening Dinar Recaps,

Several companies are delisting their shares on the market as of late. There is a reason for that happening.

"Being delisted does not mean that a company is no longer public. In fact, shareholders can still trade their shares on a smaller exchange, or “over-the-counter.” However, being delisted normally leads to a devaluation of the stock, and decreased liquidity for investors."

Sometimes mergers take place to cause these things, or a cash-out opportunity takes place. There are many reasons for this happening. I am just noticing that there are several taking place right now.

Several companies are just not able to meet compliance issues for the SEC such as capital requirements or collateralization of their company is more than they can afford due to losses happening in the market.

Many companies are facing the consequences of having not switched over to SOFR lending services last year when it became available. The system is changing my friends. IPO Hub  Investopedia   SEC

© Goldilocks

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"Harvard International Law Conference: Bretton Woods 3.0 and the Future of International Economic Law"

Description:

"Join the Harvard International Law Journal and Law & International Development Society for our Spring 2024 conference titled: "Bretton Woods 3.0? Emerging Questions and Changes in International Economic Law.

The event will occur throughout the day of March 2, 2024 at Austin Hall on the Harvard Law School campus.

This year's conference features four panels and one keynote speech focusing on the changing nature of multilateral cooperation in international economic law. Each discussion will cover key topics related to this theme, drawing on experts from the legal industry, academia, and intergovernmental organizations."

* This is not an announcement. It is a conference. Yet, what is being discussed just so happens to be what we are looking to hear.

A conference is a gathering of people to learn new ideas and share what the experts have to say about what is currently taking place in the world inside their professions.

I have heard it said long ago, and you have heard many of the ideas presented to you come from academic sources. Why? Academia teaches what is about to happen before it happens and as it is happening. All you have to do is look at their syllabi and know what is taking place in the world for it is taught long before it is brought into being.  ASIL

©✓Goldilocks

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The latest FOMC meeting notes recently told us that quantitative tightening or holding on to higher interest rates for longer will be used until the midpoint of the year.

It is one of the ways the Fed lowers their balance sheet and creates liquidity for the markets. So far, we are being told that their intentions to begin the process of lowering interest rates will begin sometime in May or June.

June is the most likely scenario as MICA stablecoin and crypto regulations in Europe will be completed by that time. The lowering of interest rates will create a bull market, and the markets are expected to do very well with this pivot.

It will give more purchasing power to the dollar, more purchasing power to our tokenized assets, and more purchasing power to Gold. We will be inside a new digital economy by that point. Many of the global assets will be digitized by that time and are expected to be at 90% by the end of the year.

The growth of the new economy is expected to commence the second half of this year allowing our money across the world to begin noticing more liquidity inside the Forex markets.  Investopedia  Wolf Street

©✓Goldilocks

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"India to Develop GIFT City Currency Derivatives Market"

A Currency Derivative Market utilizes an underlying asset to support the currency being sold as an asset.

Remember, all assets on the market including Forex are to be tokenized and tokens are supported by commodities such as gold. 

Can you see what's happening here? All roads lead to gold, and "digital gold" will set us free.  IFSCA

Watch Gold.

© Goldilocks

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It looks like our currency markets are finally getting some attention.
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Banking Announcement:

"JAPAN ADVANCES LEGISLATION TO ENABLE INVESTMENT FUNDS TO HOLD CRYPTO ASSETS" | Crypto Politain
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Gold Announcement:

Kinka Gold has issued its first tranche of $XNK tokens onto the market, opening retail adoption with its listing on CoinW. The tokens represent an exciting time for gold on the blockchain, with tokenized gold predicted to become a mainstay in DeFi markets, especially as more institutional investors begin adopting crypto, and more use-cases for on-chain gold are developed.

Kinka Gold is 100% reserve-backed by premium 99.9% Japanese gold that conforms to all LBMA standards. The gold is held in bankrupt-remote vaults, is fully audited, and is entirely compliant with all Japanese regulations. The price of each $XNK token is pegged directly to the price of gold, with 1 $XNK equivalent to one fine troy ounce of gold that meets LBMA standards.

The gold is issued by a subsidiary of Daiichi Commodities, a Japanese trading house that has been trading gold for over 40 years.   Crypto Mode

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Monetary Authority of Singapore Announcement:

MAS/TCRS/2024/01 : Advisory on Addressing the Cybersecurity Risks Associated with Quantum

This advisory outlines cybersecurity risks arising from developments in quantum computing, and highlights mitigating measures that financial institutions should consider.

VIEW DOCUMENTMAS/TCRS/2024/01 : Advisory on Addressing the Cybersecurity Risks Associated with Quantum  (135.3 KB)

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No investors, let alone billionaires, will want to own stocks with falling profit margins and shrinking dividends. So if that's why Buffett, Paulson, and Soros are dumping stocks, they have decided to cash out early and leave Main Street investors holding the bag.  Safe Retirement Strategies

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Soon, people are going to look for places they can put their money in safe havens. Digital assets will be right in their faces. Gold and crypto. The first movers of the new economy.

©✓Goldilocks

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We care about each of you and trying to keep this community safe.

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Thank you, The SOWT Tech Team

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Goldilocks' Comments and Global Economic News Wednesday Evening 2-21-24

Goldilocks' Comments and Global Economic News Wednesday Evening 2-21-24

Good Evening Dinar Recaps,

Trading Announcement:

The Commodity Futures Trading Commission has finally approved the following proposed rules:

"Proposed Rule: Regulations to Address Margin Adequacy and to Account for the Treatment of Separate Accounts by Futures Commission Merchants

Proposed Rule: Foreign Boards of Trade

Proposed Rule: Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions"

These proposed rules can now go into effect. As you can see, the first one deals with the ability to collateralize and cover swaps getting ready to take place. The second one deals with foreign market exchange guidelines. And the last one, deals with guidelines and requirements that governs swap exchanges and executions such as foreign currency exchanges.

Even though Forex is excluded from many of these guidelines, foreign currency exchanges are subject to reporting rules and the guidelines that govern swap executions taking place with the CFTC. CFTC

© Goldilocks

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The CFTC is extending their comment period for the Proposed Rule on Operational Resilience Framework.

Protocol 20 is bringing in new price patterns and new adjustments to a new trading system. These comments will reflect changes needed to take place in making our transition into the new digital economy. These comments will be taken into account and put forth into new operational risk frameworks.

Operational risk assessments include the following: measurement methodologies, policies, procedures, processes for mitigating, controlling, monitoring, and reporting of operational risks.

Below is the announcement that will give us a timeline for these new adjustments to be discussed and implemented.

Washington, D.C. — "The Commodity Futures Trading Commission today announced it is extending the public comment period for a proposed rule requiring an Operational Resilience Framework for Futures Commission Merchants, Swap Dealers, and Major Swap Participants. The deadline is extended to April 1, 2024."   CFTC

© Goldilocks

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What is Operational Resilience? | LogicGate Risk Cloud

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CFTC Welcomes Standardized Approaches to Assessing Cybersecurity Preparedness | Nat Law Review

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(Reuters) - Copper and gold are expected to see the largest immediate price boost in the commodities sector from potential U.S. Federal Reserve interest rate cuts, analysts at Goldman Sachs said.

"The immediate price boost from a Fed driven 100 basis point decline in U.S. 2-year rates is the largest for metals, especially copper (6%), and then gold (3%), followed by oil (3%)," Goldman Sachs said in a note dated Feb. 20.

Three-month copper on the London Metal Exchange was trading near a three-week high of $8,548 per metric ton as of 0542 GMT on Wednesday, while spot gold was at a near two-week high at $2,030.30 per ounce. [MET/L] [GOL/]   Money US News

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Do you see how the movement into the digital asset-based trading system is being layered into one another?

When the FED begins to lower interest rates, it is expected to boost copper and gold the most. These particular metals are now apart of our new tokenized assets.

These changes will go a long way in adding value to our new real world assets.   US News

© Goldilocks

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War is going to put price pressures on our Commodity Market, and it can lead to higher prices in the metals.

Our precious metals have been subdued and controlled for so long many of our assets have been locked into certain price patterns with momentum pressure in the marketplace.

A war will allow our assets across all Market sectors to be shaken up with new price patterns due to volatility. New tokenized assets will also play their part in shifting some of these price pressures into new directions.

As we reset the market with Protocol 20, new price patterns can come into play with real-world assets governed by new policies and procedures that will reflect lasting change.  Baird Wealth

© Goldilocks

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I'm aware that a lot of rumors will begin to surface on this March the 2nd date, I can hear the keystrokes of our gurus already typing out new stories surrounding this date from around the world.

Assumptions are made, but no one knows for sure until we get to that date exactly what they're going to do say. No one person can predict the future, the RV date will be revealed through new Market support patterns. Bretton Woods will make an announcement when everything has moved into new values.

A lot of people have been brainwashed into the constant beating into their heads of looking at the markets through the eyes of a date and rate. It doesn't happen that way.

Believe me, the revaluation process will be a part of that meeting. Meetings like these are always about creating new values that can benefit the Global Economy.

Just sit tight, and enjoy the process. Europe still needs to bring out their MICA regulations for stablecoins and cryptocurrencies. My understanding is that these are mandated to be done by the end of May - just before their elections.

If you have your money in iso digital tokens, you are sitting in a good place. For those who have their investments only in paper money, you are going to have to wait until those tokenized assets begin to show reasons to change your currencies' values.

©✓Goldilocks

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Goldilocks' Comments and Global Economic News Tuesday Evening 2-20-24

Goldilocks' Comments and Global Economic News Tuesday Evening  2-20-24

Good Evening Dinar Recaps,

* At 12:00 EST, the vote for Protocol 20 will begin. *

The merger of Protocol 20 completes the Quantum System upgrade from Protocol 19 to Protocol 20.

There is a chance that a volatility event could happen during this time as our tokenized assets move into real values on the new Quantum Financial system.

During this transfer of assets, traditional assets are being tokenized and supported by commodities.

This will help our markets and banking system work with real-world values as they synchronize into one another.    Stellar

© Goldilocks

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"Regulatory Changes Impacting PDX Operations Heading Into 2024

PDX Coin is the heart of a global payments and digital banking platform that aims to enable hundreds of millions of retail users, institutions, merchants, vendors and ecosystem partners to easily participate in the crypto economy with instant conversion between digital currency and fiat currency."

Recent regulations in the crypto space are coming fast and furious at this point. On January 10, the Securities and Exchange Commission (SEC) approved 11 Spot Bitcoin Exchange-Traded Funds (ETFs).

This move alone has created the need for clear regulations and guidelines to move the crypto space forward into the new QFS. The emerging regulation of stablecoins are in process and expected to be nearly complete if not completed by the midpoint of this year.

Payments and cross-border trades will be well on their way to adoption the second half of this year. New regulations for stablecoin users in the European Union will go into effect, and Hong Kong and the UK will be somewhere in that time frame or following.

In just a few short months, the world as we once knew it will have changed. It begins today with Protocol 20 as Quantum Technologies from around the world begin to move into the Stellar Network.

© Goldilocks
Block Telegraph
Steemit

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Ethena, a prominent player in the cryptocurrency space, has recently unveiled its USDe stablecoin on the public mainnet along with an innovative Shard Campaign. This campaign, designed to incentivize user participation, offers rewards based on contributions, marking a significant milestone for the Ethena community.

The Shard Campaign introduces a new and unique approach to engaging users and fostering long-term involvement within the ecosystem. By rewarding activities that contribute to the Ethena ecosystem, the campaign aims to build a vibrant and active community dedicated to the platform’s success. This departure from traditional incentivization methods showcases Ethena’s commitment to innovation and user-centric development.

In terms of structure and duration, the Shard Campaign is organized around multiple short-duration seasons known as “Epochs.” Each Epoch focuses on different activities related to the USDe stablecoin and community integration. The campaign is not intended to be prolonged, with a commitment to finalizing it within three months or when the USDe supply reaches $1 billion, whichever comes first.
Facts Chronicle

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RIYADH: Saudi Arabia’s advancement in electronic government services has secured the Kingdom the top spot in the Middle East and North Africa according to a UN ranking. 

The 2023 Government Electronic and Mobile Services Maturity Index issued by the intergovernmental organization’s Economic and Social Commission for Western Asia, indicates Saudi Arabia has maintained its lead for the second consecutive year.  

The index, known as GEMS, annually classifies 17 countries based on the maturity of 84 priority government services through portals and applications, using three sub-indicators. 

Saudi Arabia achieved distinction in all indicators, experiencing significant development in each.
Arab News

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Introducing the BIS | YouTube

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Why Do We Have Central Banks? | YouTube

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BUILT FOR A MISSION | Stellar Foundation

👆  Goldilocks pointed to this article

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Universal Basic Income Has Been Tried Over and Over Again. It Works Every Time.| Gizmodo

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Goldilocks' Comments and Global Economic News Monday Evening 2-19-24

Goldilocks' Comments and Global Economic News Monday Evening 2-19-24

Good Evening Dinar Recaps,

From last night!

"The World's First Gold Standard Digital Currency - BDTCOIN"  Investing  BDTCOIN  
More on this coming...

© Goldilocks
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BDTCOIN is an exclusive Gold standard digital currency revolutionizing the global finance with multiple financial players, a dynamic cutting-edge blockchain built  with QUANTUM-resistant protocols and DeFi Ecosystem.

Bdtcoin is an emerging digital currency in the digital world, introduced at the end of 2022. Unlike other traditional digital currencies that are not backed by any physical assets, Bdtcoin is backed by Gold and not any fiat currency worldwide, giving it a unique advantage in the market. 

As a digital store of value and medium of exchange, BDTCOIN blockchain facilitates a new revolutionary DeFi ecosystem with multiple financial players for its users worldwide to control their own money and data. This has enabled greater access to financial services, lower costs, faster transactions, and more financial freedom overall its users.   Investing   The GWW

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"What Would Make the Federal Reserve Raise or Lower Interest Rates?"

There really isn't a reason for the Feds to raise or lower interest rates at this point. Even with inflation data coming in higher, the markets are just simply bouncing back.

Price distortions have created Market correlations that no longer apply as they once did. The manipulation of the market and the momentum of the market have simply created price patterns that no longer apply to meaningful data anymore.

In other words, momentum is doing better than real asset prices due to longstanding manipulation of the markets.

The markets have become unpredictable causing many traders to move forward with caution, and some have pulled away altogether to invest in digital assets and gold.

In other words, our Global Markets are now leading the way over and beyond human control. There are still some events that can bring it down, so we can replace it and reset it with the new digital economy such as:

* A huge spike in oil
* Government credit default
* A worldwide recession which is already taking place
* More war
* BRICS influence
* Weather events
* A commercial Banking default
* Inflation
* Wage growth
* Geopolitics
* And, supply chain disruptions

These factors, even one, have the ability to cause an imbalance so great in the market that a return to normalcy will no longer be possible.

These and many other reasons are why a Global Currency Reset inside a new Digital Economy is happening.   Investing

© Goldilocks

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Look for market prices to begin the process of moving into real values when Protocol 20 starts.

Many of our assets are over-inflated, some of these assets will be higher than you may think and others will go lower.

It is important to keep an open mind during this process of movement into real values.

We are about to have real-world assets with real-world values placed on them inside a digital asset-based trading system.

Adjustments are forthcoming and to be expected going forward. This is a Global adjustment. Know you are not alone.

© Goldilocks

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👆 Traders are already anticipating this move and making adjustments accordingly.

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"USI MONEY AND ENJAZ SIGN STRATEGIC PARTNERSHIP TO INTRODUCE PAYMENT INNOVATION"

Real-time instant payment systems are coming to the Kingdom of Saudi Arabia. This will service the needs of the Middle East and other countries across the globe choosing to settle their payments in local currencies.

This new digital payment system will begin the process of leveling the playing field between countries that have been settling their accounts in dollars for a long time.

We are living in a new age. Countries want their power back, and they are getting it. Gold will support their new Digital Financial System through virtual assets creating values to their own currencies not seen in a long time.  PR Newswire

© Goldilocks

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New Protocol 20 Vote Set for February 20 | Stellar

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Jeff Bezos sells $2 billion worth of Amazon stock | Fox Business

👆 Has the market topped?

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I realize that tomorrow is February the 20th, 2024. It is the day that Protocol 20 begins. The expansion of the stellar platform will bring in new opportunities, and over time, it will bring in more abundance.

We do not focus on dates in this room or rates, but we will notice changes that have been made on certain days begin to bring in more and more liquidity in the assets we hold inside this new digital asset-based trading system.

© Goldilocks

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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

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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

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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

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INTERVIEW: Iraq’s planning ministry spearheads multi-faceted development strategy |   Zawya

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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

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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

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Stellar Prepares to Launch Protocol 20 This February; Here’s What to Expect Post-Launch |  Zycrypto

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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.

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👆 Uh Oh... This is expected to cost our economy billions of dollars in New York alone. The ripple effect will cost even more.

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More Government Debt than buyers. A reset is coming. |  11onze

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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

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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

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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

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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

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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

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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

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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

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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

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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
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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

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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
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"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

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"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

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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

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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 

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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

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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

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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

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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

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"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

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"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
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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

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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

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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

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

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Venezuela increasingly becoming immune to US sanctions | Al Mayadeen 

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

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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

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

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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
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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

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Estate Planning: Monitoring and Protecting Assets Online - TechBullion

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

Markets are adjusting...

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

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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
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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

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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

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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

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"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

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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

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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

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

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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

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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

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

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

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

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Acting Comptroller Discusses Bank Mergers  | YouTube 

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