Goldilocks' Comments and Global Economic News Monday Evening 3-4-24

Goldilocks' Comments and Global Economic News Monday Evening 3-4-24

Good Evening Dinar Recaps,

"Glassnode on Wednesday reported that major US OTC platforms have run out of bitcoins, with only 40 coins remaining. This development shows an imminent supply shortage which directly signals the potential for a big price pump shortly."

Yes, Bitcoin is 15 years old and running out of supply. There are only 40 bitcoins left as of 3 days ago. At this point, the demand for Bitcoins are outpacing their supply.

When demand outpaces supply, the corresponding response for an asset is to rise in its value.

Historically, Bitcoin tends to lead the rally for all the crypto space. An upward movement is expected going forward inside our new digital economy.

A bull run in the crypto space will encourage digital adoption as this new asset class begins to form new price pressures going forward.

Remember, everything is being tokenized including Forex. Remember....   Coin Market Cap

© Goldilocks

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"Bitwise anticipates a surge in institutional investment into Bitcoin ETFs in the coming months as major financial institutions, known as “wirehouses,” start offering Bitcoin ETF trades to their clients."

A wirehouse is a full-service broker-dealer of any size. Although many broker-dealers are "independent" firms involved in broker-dealer services, others are subsidiaries of commercial banks, investment banks, or investment companies. They sell Securities such as spot Bitcoin ETFs for their clients leveling the playing field between the retail Market and Institutional Financing.

For this reason, the competition for gold through digital assets can now be obtained through anyone desiring to become a part of the new Financial System through these new additions to their portfolios.

This is expected to create a gold rush into the next economy for well over a decade. We are simply beginning a process of transformation that will change values in every sector of our Global markets going forward.   Crypto News   CoinTelegraph

© Goldilocks

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"Russia is testing digital asset payment technology as groundwork for a potential BRICS digital currency.

The move aims to reduce global dependency on the US Dollar, aligning  with BRICS’ de-dollarization efforts.

Digital currency trials are starting with China and Eurasian Economic Union countries, under Russia’s initiative."

Russia is making a move inside the new digital economy. They are testing their new payment system with digital assets formulating a pre BRICS currency launch.

Vladimir Putin is the current chairman for the BRICS Nations. One of the qualifications in belonging to the BRICS Nations is that countries have to back their economy by gold or other commodities. These new global economic initiatives are what is leading the drive towards a Global Currency Reset.

A new trading currency with a backing by gold for the BRICS Nations is rapidly becoming more than just a simple threat to the current Global Monetary System.

Russia is currently taking practical steps in lowering their dependence on the US dollar in trade among nations. And, these changes are affecting the current ratings of their currency. Enough so, that the FATF is currently re-rating their currency.

When a countries' currency is re-rated, it means they are currently in process of a revaluation inside their new currency values and mechanisms for the dissemination of these new values in trade. Yes, new exchange rates.

"The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog. It sets international standards that aim to prevent these illegal activities and the harm they cause to society."

Look for the FATF to get more involved in the BRICS Nations as they set forth new trading mechanisms designed to enhance their group's local currency values through their new digital asset-based trading system.

This is a move from a pegged currency with the dollar to a free floating exchange rate determined by the markets. Gold adds value to currencies that have been devalued over the years and equalizes the playing field for each country involving themselves inside free-floating mechanisms.

Watch the water.

© Goldilocks
CryptoPolitan
FATF

Investopedia
Regulation Asia
Times of India

FATF Recommendations

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What is The Dodd Frank Act? | YouTube

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Dodd-Frank Act Update:

The National Institute of Standards and Technology released a revised version of its Cybersecurity Framework guidance detailing steps organizations can take to reduce cybersecurity risks, placing a greater priority on the role of corporate governance and supply chains in protecting sensitive data.
Dodd Frank Update

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China and Russia have almost completely abandoned the US dollar in bilateral trade as the push to de-dollarize intensifies | Business Insider

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The U.S. national debt is rising by $1 trillion about every 100 days | CNBC

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ZTX Ushers in Digital Real Estate Era | InvestorsObserver
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Ripple offers a fast, and cost-effective cross-border payment solution for banks and financial institutions globally. Ripple’s platform, Ripple Net, facilitates instant and transparent transactions, positioning itself as a more efficient alternative to traditional financial services.

Ripple is a blockchain-based digital payment network working to facilitate the transfer of value between different fiat currencies for its customers. XRP is the native cryptocurrency of Ripple.
CrowdWisdom

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Great Reset Watch: EU Parliament Approves 'Digital Identity Wallet' | Breitbart

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Tether’s USDT stablecoin hits historic $100B market cap | CoinTelegraph

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Goldilocks' Comments and Global Economic News Sunday Evening 3-3-24

Goldilocks' Comments and Global Economic News Sunday Evening 3-3-24

Good Evening Dinar Recaps,

"India’s forex reserves experienced a notable increase, rising by $2.975 billion to reach $619.072 billion for the week ending February 23, as reported by the Reserve Bank of India (RBI). This surge follows a previous week where reserves had slightly decreased by $1.132 billion.

Major Components

1. Foreign Currency Assets:

Increased by $2.405 billion to $548.188 billion.

Foreign currency assets encompass various currencies such as the euro, pound, and yen, reflecting their valuation against the US dollar.

2. Gold Reserves:

Rose by $472 million to $47.848 billion during the week.

3. Special Drawing Rights (SDRs):

Witnessed an uptick of $89 million to $18.197 billion.

4. Reserve Position with the IMF:

Expanded by $9 million to $4.839 billion."

There would be absolutely no reason for India to be increasing their revenue like this unless it had something to do with the UPI or Unified Payments Interface.

The UPI powers several bank accounts in one application. This can happen with any bank globally that wants to participate in their payment transaction system through trade and more.

It is an instant payment service that operates 24/7 and 365 days a year. Their foreign currency, special drawing rights, and gold reserves continue to grow.

This enables them to service the needs of foreign currency exchanges in trade from around the world near and far. They can even enable people to do these transactions over a mobile phone application.

It's been a while back, but Iraq was one of the countries along with Vietnam and Indonesia that piloted this new International Payment System.  Current Affairs

© Goldilocks

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The IMF is recognizing Iraq to be a financially inclusive banking system. This means they have become an open banking system allowing free trade agreements to be made with them near and far.

The CBI article that goes with this writing indicates that the IMF has recognized Iraq to be a compliant, safe, and trustworthy institution for trade. It is well and it's way to digitizing products for trade beyond the oil sector and on the local level.

These new monetary mechanisms will shield them from money laundering that has plagued them for so many years, and it will enable them to move forward with the full confidence of a Global Economy.

© Goldilocks

https://cbi.iq/news/view/2527

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Iraqi Customs launches automation system at Umm Qasr Port - Shafaq News

👆Watch the Water!

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"An ACH transfer is completed through a clearing house — a network of financial institutions — and is used most often for processing direct deposits or payments.

A wire transfer is typically used for high-value transactions and is completed through a bank, which makes it faster, but it does have a fee."

We are currently transitioning from Clearing House Transactions to Wire Transfer Services that can be done through a bank. Wire transfer services will make this new digital payment system much faster. In fact, the transfer of payments will be done in seconds.

As Protocol 20 expands and integrates Quantum Technologies from around the world, this shift into digital processing of money transfers will significantly increase the demand for the new digital economy. These new demands will bring in new values across the board and from country to country.

Money velocity will enhance faster trades that will allow the movement of products around the world to operate seamlessly and efficiently. Faster movement of products will create more profits and increase more opportunities for companies producing their items for sale across many sectors of the market and on an even playing field no matter their size.   Tipalti

© Goldilocks

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Hong Kong Sees Surge in Crypto Exchange License Applications as Regulatory Landscape Evolves | The Currency Analytics

👆  Goldilocks pointed to this article

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Crypto Council comments on Hong Kong’s stablecoin regulation |  CryptoPolitan

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Special Drawing Rights
Pacific Exchange Rate Service: Current Exchange Rates; Database 

https://fx.sauder.ubc.ca/SDR.php

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UPI: Unified Payments Interface - Instant Mobile Payments |  NPCI

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Bloomberg -- Eurex Clearing AG plans to start clearing repo trades for hedge funds directly by the middle of the year, a key step toward improving liquidity in a market that has been constrained over the years by tighter financial regulation. 

The firm, one of the leading global clearinghouses, aims to have hedge funds up and running on their platform “by the summer,” executive board member Matthias Graulich said on the sidelines of the Derivatives Forum in Frankfurt on Thursday.
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Prominent figures in the XRP community have argued that the XRP tokens locked in escrow by Ripple have a fundamental role in turning the asset into a global reserve currency. |  The Crypto Basic  
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Blockchain is one step away from mainstream adoption - Blockworks

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Goldilocks' Comments and Global Economic News Saturday Evening 3-2-24

Goldilocks' Comments and Global Economic News Saturday Evening 3-2-24

Good Evening Dinar Recaps, 

"Hong Kong is currently pursuing an expansion of the digital yuan’s application. It is also approaching the second phase of its own CBDC pilot program and completing consultations for stablecoin issuance."

Do you remember a couple of months ago when we spoke of several global stablecoins that were being tested inside a sandbox with Hong Kong?

They are telling us that Hong Kong is in process of moving past the consultation process and ready to move into the implementation phase. This is the phase of regulatory development inside Global use case scenarios.

The e-HKD digital version of the Hong Kong dollar completed its first pilot testing phase in October 2023. Now, Hong Kong is telling us that they are moving into the retail sector.  This will include programmable payments, offline payments, and tokenized deposits.   Coin Speaker

© Goldilocks

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CBI Announcement:

Shafaq News / The Iraqi Central Bank (CBI) affirmed on Saturday that it has provided five alternative currencies to the dollar for traders to use in purchasing goods from abroad, using each country's currency through the bank.

CBI’s Deputy Governor Ammar Hamad told Shafaq News Agency that "CBI has made other foreign currencies available for Iraqi traders, including the euro, the Chinese yuan, the Turkish lira, the Emirati dirham, and the Indian rupee."

He added that "these currencies are now available to traders, aiming to facilitate foreign trade. When a trader imports goods from China, for instance, they can pay in Iraqi dinars to the Iraqi bank, which will then settle the amount with the Chinese company or factory in Chinese currency."  Shafaq

👆  Goldilocks pointed to this article

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The Bank for International Settlements has set forth recommendations for Central Banks on supervision and legislative practices of Global Stablecoins.

Below is a link to a chart that you can read about these regulation recommendations. These recommendations will flow into the Central Bank's guidance for banks.

Here, we have the beginning stages of a top-to-bottom mandate of guidelines that will formulate new rules, regulations, and laws to govern Stablecoins.   BIS

© Goldilocks

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Federal Register Announcement:

There is a proposed rule by the CFTC to extend a period of comments before execution of a new rule on April 22nd, 2024. 

Proposed Rule: "The Commodity Futures Trading Commission (CFTC or Commission) is proposing to amend its regulations to permit a foreign board of trade (FBOT) registered with the Commission to provide direct access to its electronic trading and order matching system to an identified member or other participant located in the United States and registered with the Commission as an introducing broker (IB) for submission of customer orders to the FBOT's trading system for execution."

Foreign Board of Trade means any board of trade. This includes any exchanges or markets outside the United States.    Federal Register

© Goldilocks

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“Most countries have said that settlement in national currencies is what the BRICS countries need. We are already a big BRICS family of 10 countries. Most countries supported the fact that it is necessary to build new mechanisms of settlements and shared the experience of developing digital currencies by central banks, the experience of building platforms, and participation in trials of various platforms,” Chebeskov said.   Modern Diplomacy 

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Moscow: The Russian Finance Ministry together with the Bank of Russia and BRICS partners will prepare a number of initiatives to improve the international monetary and financial system, which will focus in particular on the issue of creating the BRICS Bridge multisided payment platform, according to files published following the first meeting of BRICS finance ministers and central banks governors in Sao Paulo, Brazil.   Times of Oman

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USDV - A Revolutionary Stablecoin Transparently Pegged To Tokenized T- Bills | Coin Telegraph

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As the name suggests, a reverse ATM, or a cash-to-card kiosk, is the opposite of a conventional cash machine. A reverse ATM is a machine into which customers deposit cash and are given a debit card with the amount they have deposited credited onto the card. The customer can then use this card to complete a transaction through the merchant’s payment gateway—either in-store or online.

Currently, consumers will most commonly see cash-to-card kiosks in venues or establishments that want to encourage their customers to use cards instead of cash for transactions in their establishments. In return for cash, kiosks dispense stored-value cards that can be used to purchase goods or services in that establishment.   Unicorn Group

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Fed Chair mum on foreign nations’ evacuation of Gold from US | FX Street
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Bretton Woods 3:

Join LIDS and the Harvard International Law Journal for our Spring 2024 conference entitled “Bretton Woods 3.0? The Future of 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.   Harvard Edu

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Inflation Saga Far from Over: Services Inflation in Euro Area Just as Stubborn as in the US, Makes Very Disconcerting Moves | Wolf Street

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US states are using gold & silver as money - are YOU? | YouTube

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RIPPLE XRP🚨IMF SHOCKING NEW ESDR RULES⚠️🚨XRP IS WAKING UP | YouTube

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Goldilocks' Comments and Global Economic News Friday Evening 3-1-24

Goldilocks' Comments and Global Economic News Friday Evening 3-1-24

Good Evening Dinar Recaps,

"Congress approves a short-term extension to avoid a shutdown and buy more time for final spending agreement"

This short-term extension lasts until the 22nd of March, 2024. At that time, a new fiscal budget is expected to be approved in the US.

This was supposed to be voted on last October the 1st of 2023, but many adjustments to the bill has been adjusted since that time to incorporate new needs and discarding ones no longer needed as we move into the new digital asset based trading system.

At that time, new liquidity forming the basis for our new digital economic framework projects (Protocol 20) will come into play as we incorporate new ways of living in this new world.  AP News

© Goldilocks

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This is where we stand on our Tokenized Treasuries.

Currently, this is where we stand on tokenizing our treasuries that represent assets of the US Treasury Securities in digital format. It is our US Treasury Securities that becomes the foundation of building our new Financial Infrastructure.

These digital tokens become tradable assets on the blockchain. This gives you an idea of where we stand in the process of building the new digital economy.   Unchained Crypto

© Goldilocks

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"Congress approves a short-term extension to avoid a shutdown and buy more time for final spending agreement"

This short-term extension lasts until the 22nd of March, 2024. At that time, a new fiscal budget is expected to be approved in the US.

This was supposed to be voted on last October the 1st of 2023, but many adjustments to the bill has been adjusted since that time to incorporate new needs and discarding ones no longer needed as we move into the new digital asset based trading system.

At that time, new liquidity forming the basis for our new digital economic framework projects (Protocol 20) will come into play as we incorporate new ways of living in this new world.  AP News

© Goldilocks

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Euro Bank and India UPI Announcement:

"NPCI International Payments Limited (NIPL), a subsidiary of National Payments Corporation of India (NPCI), and Eurobank SA, a Greek bank, have signed a Memorandum of Understanding (MoU) towards enhancing cross-border payments using UPI rails."

The Euro Bank and and India's UPI has a Memorandum of Understanding (MoU) between them on cross border payments utilizing the Unified Payments Interface.

"The eurobank is a financial institution that accepts deposits (https://www.investopedia.com/terms/d/deposit.asp) and makes loans (https://www.investopedia.com/terms/l/loan.asp) in foreign currencies." What makes this connection so important lies in the fact of the payment systems between them.

"As the private bank of the largest financial group in the world, Frankfurter Bankgesellschaft is both at home in Zurich and in Frankfurt am Main, rooted in both countries – Switzerland and Germany – and closely connected with city and country, culture and society at both locations."

Cross border Euro payments to and from Switzerland go through the Swiss Euro Clearing Bank in Frankfurt. This acts as the link between the two systems. These connections are of prime importance in uniting foreign markets to one of the most influx of money that moves through the world each day.

This gives us more access to foreign markets and foreign currency trades. Each day, we are witnessing various pieces of our global economy unite into what makes up the Global Markets.

These new connections make up new digital building blocks inside the new QFS. Gaps are being closed rapidly, and the need for stablecoins to purchase tokenized assets from around the world is becoming more and more important.

As Protocol 20 continues to expand uniting Quantum Technologies, look for stablecoins to become more in the forefront going forward.

© Goldilocks
CNBCTV
BIS
Swiss Banking
Swiss-Banking-Lawyers 

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ABU DHABI, March 1 (Reuters) – World Trade Organization (WTO) negotiators extended talks again in Abu Dhabi on Friday as they struggled to break a political deadlock after five days of high-level negotiations.

It was far from clear whether a consensus could be reached among the WTO’s 164 members before a new deadline of 10 p.m. local time (1800 GMT). Several delegates warned that countries remained far apart as organisers announced a fifth extension.

WTO talks run deep into overtime with no breakthrough in sight - CNBC Africa   CNBC Africa

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IMPORTANT UPDATE: The #WTOMC13AbuDhabi closing session has been postponed. Follow our social media channels to stay updated.

More about MC13: wto.org/mc13      WTO Twitter

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CFTC Announcement:

Washington, D.C. —  The Commodity Futures Trading Commission today announced it is extending the deadline for the public comment period on a proposed rule that makes certain modifications to the CFTC’s swap data reporting rules in Parts 43 and 45 related to the reporting of swaps in the other commodity asset class and the data element appendices to Parts 43 and 45 of the CFTC’s regulations. The deadline is being extended to April 11, 2024.

The proposed rule was published in the Federal Register on December 28, 2023, with a 60-day comment period scheduled to close on February 26, 2024. [See CFTC Press Release No. 8835-23]

The Commission provided the extension in response to a request by a commenter. Comments may be submitted electronically through the CFTC Comments online process. All comments received will be posted on CFTC.gov.   CFTC

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CFTC Reporting (Dodd-Frank) | Kaizen Reporting

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FEDNOW Instant Payments Announcement:

The Federal Reserve’s FedNow Service is an instant payments infrastructure that allows participating banks and credit unions to send and receive transactions within seconds on behalf of their customers — 24 hours a day, seven days a week.

This page lists participating financial institutions that are currently live on the service, as well as financial institutions serving as settlement and liquidity providers. Financial institutions that have completed testing and certification will be added to the list once they are live on the service.  FRB Services

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RBI Grants Payment Aggregator License to Amazon Pay in India - Fintech Singapore

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US says falling trade with China could be positive - BBC News

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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

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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

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"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.

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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

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"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

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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

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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

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

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

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Stablecoins Hit Highest Market Cap Since 2022 | CNN

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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

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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

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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

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

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

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

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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

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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

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The market charts are beginning to show topping formations.   USBank

© Goldilocks

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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  

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"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

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"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
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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

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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

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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

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"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
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"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

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

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

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

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

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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

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"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

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"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

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

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

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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

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How Artificial Intelligence Is Reshaping Banking | Forbes

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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

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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

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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

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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

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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

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This Housing Market is Still Frozen | Wolf Street

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