Goldilocks' Comments and Global Economic News Thursday Evening 2-29-24

Goldilocks' Comments and Global Economic News Thursday Evening 2-29-24

Good Evening Dinar Recaps,

"The legislation aims to foster innovation in financial services by establishing federal regulatory sandboxes that let entrepreneurs test new products and services while ensuring consumer protections, according to the release.".  1 day ago

As we have discussed in this room before, a federal regulatory sandbox allows new innovations to be tested in a private setting and in a controlled environment.

This testing of new digital assets will gain an insight into their functionality and operability. The findings will allow them to regulate their behavior under the supervision of qualified individuals capable of assessing their future use case scenarios.

The use of this new monetary legislation regarding regulation determinations through pilot programs inside a sandbox will come in handy with our new expansions of Quantum Technologies interfacing through Protocol 20.

The ability to study and test stablecoins, tokenized assets, and send them into the market is currently moving through the House of Representatives.   House Financial Services  Pymnts

© Goldilocks

~~~~~~~~~~

Bitcoin Announcement:

Wall Street is telling us that the demand for Bitcoin is greater than it's supply. When demand is greater than supply, prices rise.

This will affect many other assets in the crypto currency space. As you can see, liquidity is coming into the new digital economy as it's being formed.

Prices are beginning to change because of it. Movement of money and use case scenarios are expected to grow from here in the new digital economy. The first RV.

Remember, we spoke of two RVs. When the digital economy is solidified, payment systems on the local level will begin to signal new changes are needed. This is when we will see the paper currency begin to form new price patterns.   Crypto Tips

© Goldilocks

~~~~~~~~~~

"Shafaq News/ The International Monetary Fund (IMF) indicated a "significant decline" in inflation rates in Iraq, which was reflected in the decline in food and energy prices and the stability of the foreign exchange market in Iraq.

According to the Ministry of Finance, an Iraqi delegation headed by Finance Minister Taif Sami concluded its discussions with the IMF's Article IV mission experts in Amman, Jordan, during which many issues were discussed, including the implementation of the economic reform program, the improvements achieved by the Iraqi government in the field of development infrastructure, financial sustainability, and boosting non-oil revenues."

It looks like Iraq has been given permission to move forward with their economic reforms as we discussed in January this year was going to take place in February 2024 because of an announcement made during Article 4 consultation with the IMF.

This is why we are seeing the acceptance of Iraq in the WTO, and they can now join other countries in the WTO formulating new price mechanisms that will level the playing field in trade among other nations.   Shafaq News

© Goldilocks

👆 Watch the water.

~~~~~~~~~~

Repost👇:

Goldilocks Highlights ™ 🌱🧂, [Jan 29, 2024 at 1:35 PM]
Iraq Banking Announcement:

"The Central Bank of Iraq has decided to restore the mechanism of financing Iraq’s foreign trade, starting next March."

Look what we have here. Iraq is planning to move forward with financing their foreign trade mechanism.

March 1st, 2024 is the day they expect to begin this process. They are telling their banks that they expect to do this with all currencies.

Iraq has been working with Governmental Agencies and Technological Developers to get them to this point.

They have tested their money and in process of testing their money this month on electronic mechanisms that will help them to move forward in the new Digital asset-based Trading System.

We are on the verge of witnessing them move into a global implementation stage of their currency. Search 4 Dinar

© Goldilocks

~~~~~~~~~~

"Over the past year or so, the Fed has been intensely discussing inflation in “core services,” which is where inflation had shifted to in 2022, from goods inflation which had spiked into mid-2022 but then cooled dramatically. So “core services” is where it’s at. Core services is where consumers spend the majority of their money. Core services are all services except energy services. Core services inflation has been behaving badly for months, and in January, it spiked out the wazoo."

The likelihood of another rate hike was mentioned today. These core readings give the FED an indication how much inflation is taking place and how much money consumers are spending.

Inflation tends to devalue a currency. As we have talked about in this room, the likelihood of currencies creating more purchasing power normally comes with a lowering of interest rates.  Wolf Street

Let's watch their next moves.

© Goldilocks

~~~~~~~~~~

Ripple Announcement:

Enterprise blockchain solutions provider Ripple announced a new partnership this week with digital asset management leader Zoniqx, formerly Tassets. The strategic alliance integrates Ripple’s efficient XRP Ledger (XRPL) infrastructure with Zoniqx’s cutting-edge tokenization platforms.

The collaboration aims to simplify issuing real-world asset tokens on the high-speed XRPL blockchain, which supports both native XRP and customizable tokens.   Watcher Guru

~~~~~~~~~~

Morgan Stanley is deciding whether to offer spot bitcoin ETFs to customers of its large brokerage platform.

The arrival of broker-dealers like Morgan Stanley as well as large registered investment advisor (RIA) networks could bring more investment into the new products.   CoinDesk

~~~~~~~~~~

Ripple to unlock 1 billion XRP on March 1; What’s next? | FinBold
~~~~~~~~~~

Regulatory sandboxes can play an important role in fostering the innovation needed for overcoming the barriers to financial inclusion that keep poor and excluded customers marginalized from the formal financial system.

Sandboxes allow regulators to base their regulatory response to innovations on the results of live experiments. In frontier cases, this helps regulators to make faster and better informed decisions on how to appropriately regulate (and supervise) new services and providers reaching the marketplace.
CGAP

~~~~~~~~~~

"BlackRock bitcoin ETF trading volume surpasses $1B for second day in a row" | Blockworks

~~~~~~~~~~

Stablecoins Hit Highest Market Cap Since 2022 | CNN

~~~~~~~~~~

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 2-28-24

Goldilocks' Comments and Global Economic News Wednesday Evening 2-28-24

Good Evening Dinar Recaps,

"This suggests that the gap between weekends and weekdays could deepen further as ETFs gain traction and change the market structure,” Kaiko concluded.

Since the dawn of spot Bitcoin ETF, trading volumes over the weekend have moved over to Traditional Market hours Monday through Friday.

People are beginning to wake up to the fact that a digital economy is well underway, and the markets are shifting from weekend trades to traditional Market hours.

This move is indicating that sentiment towards a digital economy is growing, and the measurement of new values on digital assets are beginning to move M-F with the traditional market hours.

This has raised the level of professionalism inside the CRYPTO Market giving those who trade these assets more validity as a trader.

With big names like BlackRock and others pouring their money into the crypto markets and moving out of the stock market, it is shaping the world of crypto. The merge of these two markets into one is well underway.

It is a market that has to be dealt with as tokenized assets have been given the green light as of yesterday to begin moving and expanding Networks across the Sorobon mainnet.

Sorobon is a smart contract Network designed to draw in institutional money as well as the entrepreneur seeking to add a little pocket change.

Look for a stablecoin regulation to become a main priority at this point on the legislative level. Once these moves are made, they will turn on these Networks to full blast.

The merging of tokenized assets and digital payment systems through stablecoins and smart contracts are a phase of development that is picking up steam.   The Block

© Goldilocks

~~~~~~~~~~

Lloyds Bank has become the first UK bank to join the WaveBL electronic trade documentation platform, unlocking new trade efficiencies and sustainability benefits for its clients by using electronic Bills of Lading (eBLs).

Bills of Lading are a critical document in international trade. They are issued by a carrier when a seller dispatches goods to an end customer, and act as a ‘receipt’ for the goods being shipped.

Once payment – or agreement to pay at a future date – for the goods is received, the Bill of Lading is released to the buyer so they can claim the product on arrival.

The vast majority of Bills of Lading are currently in paper form. Through this new partnership, Lloyds Bank’s clients will now be able to securely and seamlessly transfer fully digital, blockchain-based eBLs between organisations on the WaveBL network, which boasts members in 136 countries and includes four of the world’s ten largest container shipping carriers.

Lloyds Bank has become the first UK bank to join the WaveBL electronic trade documentation platform, unlocking new trade efficiencies and sustainability benefits for its clients by using electronic Bills of Lading (eBLs).

Bills of Lading are a critical document in international trade. They are issued by a carrier when a seller dispatches goods to an end customer, and act as a ‘receipt’ for the goods being shipped.

Once payment – or agreement to pay at a future date – for the goods is received, the Bill of Lading is released to the buyer so they can claim the product on arrival.

The vast majority of Bills of Lading are currently in paper form. Through this new partnership, Lloyds Bank’s clients will now be able to securely and seamlessly transfer fully digital, blockchain-based eBLs between organisations on the WaveBL network, which boasts members in 136 countries and includes four of the world’s ten largest container shipping carriers.   The Global Treasurer 1

~~~~~~~~~~

Google Announcement:

"Google has declared the discontinuation of Google Pay in the United States. The tech giant announced that all users will be transitioned to Google Wallet, with the standalone Google Pay app in the US set to become unusable from June 4, 2024."   Finance Magnates

~~~~~~~~~~

BRICS Move Away from Dollar: Loans Now in Yuan, Marking Shift in Global Power Dynamics | Crypto News Flash

~~~~~~~~~~

BlackRock Bitcoin ETF (IBIT) Hits Another Record Volume Over $1.35B as BTC Price Nears $57K | CoinDesk

~~~~~~~~~~

When Ethereum spot ETF is approved, watch for Bitcoin smart ETF holders to diversify into the new Ethereum ETF.

~~~~~~~~~~

When hyperinflation hits our economy and we are very close, this will slow the money velocity to a near stopping point.

It will allow new connections to be made in the market inside a digital monetary framework.

Just know there is a purpose in it all and be prepared: food, shelter, toilet paper, and water are your best friends.

During this time, the most important assets you will hold will be your friends and family.

© Goldilocks

~~~~~~~~~~

Ripple Announcement:

According to a new announcement, Ripple and the Axelar Foundation are partnering to bring greater interoperability to XRP Ledger (XRPL) across several blockchain networks.

This collaboration aims to drive forward a more interconnected blockchain ecosystem, providing developers with new integration and application development opportunities. Axelar's network will be a supplementary resource for XRPL, increasing its utility and reach.

Ripple President Breaks Silence on Latest XRP Ledger Game-Changing Move   Today

~~~~~~~~~~

The market charts are beginning to show topping formations.   USBank

© 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 Tuesday Evening 2-27-24

Goldilocks' Comments and Global Economic News Tuesday Evening 2-27-24

Good Evening Dinar Recaps,

SEN. CRUZ INTRODUCES LEGISLATION TO BAN CENTRAL BANK DIGITAL CURRENCIES

Sen. Cruz previously introduced legislation to prohibit the Federal Reserve from developing a direct-to-consumer central bank digital currency which could be used as a financial surveillance tool by the federal government in both 2022 and 2023.   6 hours ago    Cruz Senate  

~~~~~~~~~~

"Let’s show WTO is alive': UAE foreign trade minister says conference can be 'launch pad' for global trade"

The World Trade Organization is discussing with several countries how they are reforming the standards and percentages of trade opportunities among countries from around the Globe.

Focus is on leveling the playing field among some of the smaller countries giving them equal foothold and standing on the world stage.

Offering more Trade Networks for countries will give each country the ability to grow in bilateral trade relationships that will increase the need for their goods and services not seen before.

New demands on local currencies instead of the use of the dollar will provide greater purchasing power for these countries in process of Ascension into the WTO this week, of which, Iraq is one of them. Zawya

© Goldilocks

~~~~~~~~~~

"The future of DeFi savings is here: High Yield USD (hyUSD) is a fully asset-backed flatcoin created on the Reserve protocol."

High Yield USD (hyUSD) is an overcollateralized DeFi savings flatcoin. It offers up to 8% APY for holders with the deployment of Reserve Protocol.

The Reserve protocol allows users to create tokens backed by a collection of other tokens, which can be used as stablecoins or composite assets. 

Composite assets allows the grouping of many Digital Networks or Assets to minimize risks and enhance profit on their growth.

With the emergence of Protocol 20, Web3 and Artificial Intelligence are merging blockchain groupings together.

The joining of Networks on the QFS is currently allowing us to expand into decentralized protocols in the monetary system separating us from Centralized Programs of the Old Financial System.

The deployment of these new digital smart contracts allows the interfacing of new Quantum Technologies. This is why an open banking system is important. It allows us to merge with new technologies inside the new Digital Asset Based Trading System.

When distributed ledgers have similar information records called blocks. They begin to talk to one another forming alliances on the blockchain. 

Soroban and Ethereum are currently joining forces to expand our QFS into new opportunities. The emergence of our new digital economy is beginning to take baby steps into the future.   The Defiant
CoinDesk    FX Empire
© Goldilocks
~~~~~~~~~~

We are clearly witnessing a shift in money flows regarding Treasury Bonds. The Global Economy is already changing the way we live and how we invest in the future.

Investor sentiment is changing. The move from intermediate-term Treasury Bonds to bonds with maturity dates of two, three, five, and even 10 years out is getting a second look.

Society is realizing that our economy is in transition, and many investors are beginning to pour their money into longer-term opportunities to grow their money. It looks like people are beginning to bank on a brighter future.

As our tokenized assets settle into new price patterns, the new digital gold economy will bring in new life inside a QFS.   CNBC
© Goldilocks

~~~~~~~~~~

We are living in a time whereby every asset on the market is connected. Instead of assets competing with each other, the future of our Global Markets are designed to enhance one another's growth.

Gold is the bridge into this new economy through tokenized assets. And, the collaboration between networks and assets governed by standardized protocols will support each other's growth in a way not seen before in history.   The Global Treasurer

"Where we go one, we go all."

© 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 Monday Evening 2-26-24

Goldilocks' Comments and Global Economic News Monday Evening 2-26-24

Good Evening Dinar Recaps,

WTO Iraq Announcement:

“Iraq is participating for the first time since 2004 in the Ministerial Conference of the World Trade Organization, which is held in... The capital, Abu Dhabi,” points to “the completion of the requirements for Iraq’s access to the organization, which is the completion of the files of trade in goods and trade in services within the timetable for joining the global multilateral trading system.” 

Iraq is currently participating in the World Trade Organization. Their potential membership is moving forward. As a full member of the WTO, they will need a rate to fully participate in this inclusion.

This is truly a monumental achievement for Iraq and something the world has been waiting for for a long time.   Economy--News

© Goldilocks

~~~~~~~~~~

"We expect Việt Nam’s export orders to continue increasing in the months ahead due to the surprising strength of the US economy, as evidenced by the highest level of US consumer confidence since the COVID reopening boom.”

"The resulting broad-based economic recovery (in exports, manufacturing, and consumption) should boost earnings for a range of listed stocks, enabling active managers to outperform the broader stock market."

Vietnam is showing trading statistics that indicate a self-sustaining economy that is growing, and even has, greater potential going forward.

At this point, Vietnam is showing momentum. When a country starts to show a trade surplus, it indicates that a demand for a country's goods and currency is in higher demand. Thus, creating the need for an increase in a country's currency value.    Vietnam Net   Global Edge   Investopedia

© Goldilocks
~~~~~~~~~~

"The WTO's 13th Ministerial Conference (MC13) will take place from 26 to 29 February 2024 in Abu Dhabi, United Arab Emirates. Ministers from across the world will attend to review the functioning of the multilateral trading system and to take action on the future work of the WTO. The Conference will be chaired by H.E. Dr Thani bin Ahmed Al Zeyoudi, UAE's Minister of State for Foreign Trade."

There are high expectations that full acceptance into the WTO for Iraq will happen during this meeting taking place today.

Let's stay grounded. We will soon find out if Iraq is fully accepted into the WTO or not this week. WTO

© Goldilocks

~~~~~~~~~~

 Working Party Chair visits Baghdad to hold high-level consultations on Iraq’s | WTO | 2024 News items - accession

~~~~~~~~~~

Does deleting the currency’s zeros affect its value? An economist explains
https://jaredaiq.net/News/7929

~~~~~~~~~~

Global trade has nearly flatlined. Populism is taking a toll on growth | World Bank

~~~~~~~~~~

Unprecedented shipping disruptions raise risk to global trade, UNCTAD warns | UNCTAD

~~~~~~~~~~

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 Sunday Evening 2-25-24

Goldilocks' Comments and Global Economic Sunday Evening 2-25-24

Good Evening Dinar Recaps,

HUTCHINSON, Kan. — "Reno County State Rep. Michael Murphy is backing a bill to allow for physical precious metals to pay for items in Kansas."

Kansas is the first state to run this proposal through the legislative committee process. Florida, Utah, Texas, and Oklahoma are all working on one.

If successful, these states will have their own depository. People will be able to use a debit card that represents the gold and silver held in this depository just like a bank.

The difference is that gold and silver is held in the depository and not paper money. Hutch Post

© Goldilocks

~~~~~~~~~~

"Among the largest Citibank in the U.S. has conducted a simulation in which blockchain was used to tokenize a private equity fund, which could pave the way for greater institutional adoption of blockchain."

This pilot program is still in process. Yet, the soon-to-be adoption of crypto regulation and stablecoin utility use will make this a viable choice in the near future.

ETFs, collateralized assets, and tokenized assets held in a custody wallet are beginning to find their way into the banking system.

The simulations of blockchain transactions have been tested and seen as seamless movements of digital money very similar to the way traditional banking transactions have taken place.

The difference is that tokenized assets are collateralized by precious metals moving our banking system into a real-world asset type of transaction based on real values. CTN News l Chiang Rai Times

© Goldilocks

~~~~~~~~~~

"The US securities regulators are embarking on a comprehensive reform of the market infrastructure for US Treasuries. US Treasuries are debt securities issued by the United States Department of the Treasury to fund government spending."

These include:
Treasury bills (T-bills)
Treasury notes (T-notes)
Treasury bonds (T-bonds)

With the introduction of New Dealer Registration Requirements for the CFTC and the SEC, they will be working closer together in the future. EVERYTHING WILL BE ROLLING OVER TO THE CFTC FOR GOVERNANCE AND TRANSPARENCY WITH THIS NEW INFRASTRUCTURE REFORM OF THE NEW DIGITAL ECONOMY.

This new requirement for the US Treasury to register as a dealer will provide more collaboration between the CFTC and the SEC. The SEC will take a more active role in registering the new tokenized asset economy and the CFTC will take a more active role in governing these assets.

These new reforms will enforce higher Capital Requirements and increase more regulatory oversight to the Financial Stability Oversight Council.

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

© Goldilocks
Crypto Globe
Wikipedia
Maples
CFTC

~~~~~~~~~~

The Bond Market Is Doing Something Not Seen in Decades. It Could Signal Trouble in the Stock Market. | The Motley Fool

~~~~~~~~~~

Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes | Finance Yahoo 

~~~~~~~~~~

WASHINGTON (AP) — As income tax filing season officially starts on Monday, a limited number of taxpayers in 12 states will soon be eligible to join an IRS pilot program that will allow them to calculate and submit their returns to the government directly without using commercial tax preparation software.

The Direct File pilot program is rolling out in stages. To start, certain government employees are being invited to participate in the first weeks. The program will expand in February and March to include additional taxpayers in certain states.   PBS

~~~~~~~~~~

How Artificial Intelligence Is Reshaping Banking | Forbes

~~~~~~~~~~

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

Wisconsin House Votes Overwhelmingly to End Sales Tax on Sound Money

Wisconsin Ends Sales Tax on Gold and Silver

Friday, 23 February 2024

Wisconsin House Votes Overwhelmingly to End Sales Tax on Sound Money

Jp Cortez   February 20th, 2024

(Madison, Wisconsin) – The Wisconsin Assembly just voted overwhelmingly to end sales taxes on purchases of gold and silver.

Assembly Bill 29, primarily sponsored by Rep. Shae Sortwell, just passed out of the State Assembly by a bipartisan vote of 86-12. This popular bill is cosponsored by almost two dozen other legislators and enjoys wide support – and would align Wisconsin with the policies of 43 other U.S. states.

AB 29 would exempt “precious metals bullion,” defined as coins, bars, rounds, and sheets that contain at least 35% gold, silver, copper, platinum, or palladium.

Imposing taxes on the exchange of Federal Reserve notes for monetary metals (i.e. gold and silver) has become an unusual and outmoded practice in the United States… only 7 states still engage in it. 

Passage of these bills would remove a major disincentive to holding gold and silver — a move that has become especially pertinent at a time when inflation is ripping through the economy and wreaking havoc on family budgets.

Article 1, Section 10 of the U.S. Constitution prescribes that gold and silver are money, and imposing a tax on the exchange of one money for another is inherently illogical.  But there are other strong public policy reasons why so few states still impose sales tax on precious metals purchases:

Levying sales taxes on precious metals is inappropriate. Sales taxes are typically levied on final consumer goods. Computers, shirts, and shoes carry sales taxes because the consumer is “consuming” the goods. Precious metals are inherently held for resale, not “consumption,” making the application of sales taxes on precious metals inappropriate.

Studies have shown that taxing precious metals is an inefficient form of revenue collection. The results of one study involving Michigan show that any sales tax proceeds a state collects on precious metals are likely surpassed by the state revenue lost from conventions, businesses, and economic activity that are driven out of the state.

The harm is exacerbated when you consider that all of Wisconsin’s neighbors (Minnesota, Iowa, Illinois, and Michigan) have already stopped taxing gold and silver. This harms in-state businesses. Tennessee ended this tax in 2022, and Arkansas and Ohio eliminated this tax in 2021.

Taxing precious metals is unfair to certain savers and investors. Gold and silver are held as forms of savings and investment. Wisconsin does not tax the purchase of stocks, bonds, ETFs, currencies, and other financial instruments. 

Taxing precious metals is harmful to citizens attempting to protect their assets. Purchasers of precious metals aren’t fat-cat investors. Most who buy precious metals do so in small increments as a way of saving money. Precious metals investors are purchasing precious metals as a way to preserve their wealth against the damages of inflation. Inflation harms the poorest among us, including pensioners, Wisconsinites on fixed incomes, wage earners, savers, and more. 

More than a dozen states have introduced pro-sound money legislation in 2024 so far, including Alaska, Indiana, Iowa, Georgia, Kansas, Kentucky, Missouri, New Hampshire, Nebraska, New Jersey, Oklahoma, Vermont, and West Virginia.

https://dinarchronicles.com/2024/02/23/wisconsin-ends-sales-tax-on-gold-and-silver/

Goldilocks' Comments and Global Economic News Friday Evening 2-23-24

Goldilocks' Comments and Global Economic News Friday Evening 2-23-24

Good Evening Dinar Recaps,

Hong Kong Central Bank Announcement:

"On Tuesday, the Hong Kong Monetary Authority (HKMA) released an 11-page circular outlining its guidelines for tokenization and digital asset custody for institutions authorized in the region.

The recent guidance from the Hong Kong Monetary Authority (HKMA) supplements the licensing framework introduced last year, providing crypto exchanges with a clear pathway to operate under regulation."

Hong Kong has just recently been given the green light to move forward with their crypto and stablecoin regulations.

Do you remember the pilot program they were on to standardize and move forward with the digital versions of our foreign currency in their sandbox?

It will be important for us to watch as they advance forward with their new guidelines as it will pertain to monetary shifts in prices on the Forex Market.   Crypto Times

© Goldilocks

~~~~~~~~~~

Global Banking Announcement:

"In a move that underscores the evolving landscape of international finance, a consortium of leading banks, including BBVA, BofA Securities, ING, Mashreq, Morgan Stanley, and Standard Chartered Bank, has embarked on a pivotal mission. Authorized by an undisclosed bank, these financial titans are set to traverse continents, with meetings scheduled across Asia, Europe, and the United States on February 20, 2024. Their objective is clear yet complex: to assess the appetite of global investors for USD-denominated Basel III compliant Tier 2 notes, a critical component in strengthening the banks' capital structure."

Global Banks are currently preparing for Tier 2 Capital note exchanges under Basel 3 guidelines. Banks are accumulating these foreign currencies to support their banking structures.

What are Tier 2 Capital notes? These notes are designated as second or supplementary layers of a bank's capital. And, they are commonly known as revaluation reserves or foreign currencies.

What makes them revaluation reserves under Basel 3 guidelines is the expectation of an increase in their value due to the backing by gold. Many of the currencies that are coming back onto the market on the local level in countries around the world are being supported by gold reserves.

Basel 3 is what makes these newly reinstated currencies have the need to be repriced on the market offering a Level Playing Field with other currencies around the world. HO1 US  Investopedia BNN Breaking

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

© Goldilocks

~~~~~~~~~~

Don't be surprised if Artificial Intelligence doesn't move some of our timelines going forward closer than we would have seen it done without it.

© Goldilocks

~~~~~~~~~~

I may leave that article above out to stand alone today for some time. For those of you who still have doubts that this is going to happen, look closely at that article until you finally get it. It's already happening, but it wasn't a push of the button was it?

It always has been, is, and will be a process. One day, we will wake up to new price changes, and it will take us all by surprise.

Your best intel going forward may very well be traders who work these markets.

You know me by now, I do not want you to get too dependent on any intel provider. Watch for yourself rate changes on the  CBI.iq

© Goldilocks

~~~~~~~~~~

JPMorgan Chase chief Jamie Dimon cashed in about $150 million of his stock in the bank — the first time the head of the largest US lender has sold shares since taking charge in 2005.

Dimon, one of the longest-serving chief executives on Wall Street, unloaded 821,778 shares of JPMorgan, according to an SEC filing Thursday.
The selloff is part of a larger plan the bank revealed in an SEC filing in October to sell 1 million of the 8.6 million shares Dimon and his family own.

NY Post

~~~~~~~~~~

This Housing Market is Still Frozen | Wolf Street

~~~~~~~~~~

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 2-22-24

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

~~~~~~~~~~

"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

~~~~~~~~~~

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

~~~~~~~~~~

"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

~~~~~~~~~~

It looks like our currency markets are finally getting some attention.
~~~~~~~~~~

Banking Announcement:

"JAPAN ADVANCES LEGISLATION TO ENABLE INVESTMENT FUNDS TO HOLD CRYPTO ASSETS" | Crypto Politain
~~~~~~~~~~

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

~~~~~~~~~~

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)

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

If needed we will use Signal. Join us and stay informed link 

Standards Link. 

Customer Service Link 

Website Directory Room

Website Link

Thank you, The SOWT Tech Team

~~~~~~~~~~

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 2-21-24

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

~~~~~~~~~~

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

~~~~~~~~~~

What is Operational Resilience? | LogicGate Risk Cloud

~~~~~~~~~~

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

~~~~~~~~~~

(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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

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 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

~~~~~~~~~~

"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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

Introducing the BIS | YouTube

~~~~~~~~~~

Why Do We Have Central Banks? | YouTube

~~~~~~~~~~

BUILT FOR A MISSION | Stellar Foundation

👆  Goldilocks pointed to this article

~~~~~~~~~~

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

~~~~~~~~~~

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 2-19-24

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
~~~~~~~~~~

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

~~~~~~~~~~

"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

~~~~~~~~~~

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

~~~~~~~~~~

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

~~~~~~~~~~

"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

~~~~~~~~~~

New Protocol 20 Vote Set for February 20 | Stellar

~~~~~~~~~~

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

👆 Has the market topped?

~~~~~~~~~~

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

~~~~~~~~~~

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