Goldilocks' Comments and Global Economic News Monday Evening 3-11-24
Goldilocks' Comments and Global Economic News Monday Evening 3-11-24
Good Evening Dinar Recaps,
"The Yuan is the world's fifth most-used currency for trade. The IMF, which is due to review the basket's composition later this year, must deem any new currency "freely usable," or convertible - seen as a key obstacle for the Yuan, also known as the Renminbi. But the Fund also could change its criteria, or have a phased entry for the Renminbi after it meets the standards, as some officials have suggested."
Since the time of the quote above, the Renminbi has been included in the Special Drawing Rights of the IMF. There's even a bill that includes special recognition of China's currency and it's role in the future global economy.
Below, you will see a link to the dollar act legislative bill currently in the introduction phase. It states inside the introduction that digital dollar has to be formed this year. This means that the Stablecoin for the United States dollar is and will find its regulations completed for trade inside the new QFS.
Goldilocks' Comments and Global Economic News Monday Evening 3-11-24
Good Evening Dinar Recaps,
"The Yuan is the world's fifth most-used currency for trade. The IMF, which is due to review the basket's composition later this year, must deem any new currency "freely usable," or convertible - seen as a key obstacle for the Yuan, also known as the Renminbi. But the Fund also could change its criteria, or have a phased entry for the Renminbi after it meets the standards, as some officials have suggested."
Since the time of the quote above, the Renminbi has been included in the Special Drawing Rights of the IMF. There's even a bill that includes special recognition of China's currency and it's role in the future global economy.
Below, you will see a link to the dollar act legislative bill currently in the introduction phase. It states inside the introduction that digital dollar has to be formed this year. This means that the Stablecoin for the United States dollar is and will find its regulations completed for trade inside the new QFS.
Currently, the WTO is in process of currency reforms this year. They are adjusting percentage prices among several countries' goods and services to make trade among nations a "More Level Playing Field." These changes will have corresponding exchange rate adjustments through a re-indexing process.
Meanwhile, China's currency in trade is increasing in volume and part of the WTO's evaluation for the revaluation of the Eastern half of our World's currency values.
Role of the Renminbi:
"An SDR allocation is a way of supplementing Fund member countries' foreign exchange reserves, allowing members to reduce their reliance on more expensive domestic or external debt for building reserves."
© Goldilocks
PBC Gov
Congress Gov
Nasdaq
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Old traditional money is transitioning into digital gold money. Today and tomorrow are significant days in this transition process.
The reliance on old money to support the banking system is going away today as institutional money continues to pour into the new digital economy.
Tomorrow, price pressures will begin to form on new money (tokenized assets). This will no doubt begin a cascade of events.
This allows institutional money to begin increasing money velocity inside the new digital ecosystem. When Stablecoins are regulated. You will see retail money begin to flow into the markets. Brookings Edu
© Goldilocks
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"The Federal Reserve Board announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions." 17 hours ago
We talked about this around 2 years ago. Look for banking consolidations to take place. Those capable of meeting Capital 3 requirements will move forward.
Here is where the rubber meets the road. The integration of a Digital Gold Banking System will begin taking its first steps into the Global arena tomorrow. Financial Express
© Goldilocks
👆 As the article States, look for this to be a gradual integration for some banks.
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Hong Kong CPPCC members advocate for cross border e-commerce development - Daily Times
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CAIRO — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an economy hit by a staggering shortage of foreign currency and soaring inflation. The flotation of the Egyptian pound, combined with a sharp raise of the main interest rate, is meant to combat inflationary waves and attract foreign investment.
Egypt floating currency, agreeing with International Monetary Fund to increase bailout loan - Washington Times
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CBDC incoming... | Twitter
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FEDNOW and Ripple Partnership:
This announcement marked the official integration of Ripple technology and XRP within the FedNow payment system, signaling a significant development in the use of blockchain technology and digital assets in the global financial system. Supra
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CBDC vs. Cryptocurrency: Competition or Collaboration Towards the Future of Digital Finance? - Modern Diplomacy
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Silver Prices Forecast: Will Gold Strength, CPI Data Drive XAG/USD’s Direction Next Week? | FX mpire
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Drivers of Dollar Share in Foreign Exchange Reserves - FEDERAL RESERVE BANK of NEW YORK
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Iraqi PM Al-Sudani announces 6% growth in Non-Oil GDP - Shafaq News
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BlackRock To Buy Bitcoin ETFs For Global Allocation Fund | Bitcoinist
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Larry Fink bets Bitcoin ETFs are just the beginning as Wall Street eyes $10tn tokenisation play – DL News
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Goldilocks' Comments and Global Economic News Sunday Evening 3-10-24
Goldilocks' Comments and Global Economic News Sunday Evening 3-10-24
Good Evening Dinar Recaps,
For the last few years, Japan and the United States have been engaged in "yield curve control mechanisms" to adjust monetary supply. This keeps long-term bond yields low. It encourages consumers to spend and businesses to invest. If you have a lot of money to invest in these activities, it allows you to move ahead of the rest of the world in wealth.
Japan is currently deciding to change their monetary policy under a new framework. This new framework will target the "volume of purchases," rather than, the yield curve control.
This is a move from benefiting the 1% to allowing supply and demand to determine market prices. When supply and demand determines market prices, a shift in currency values follow to meet these new demands.
Monetary policy changes such as this gives power back to the people by allowing the people to participate in determining market values. We do make up most of the market.
Goldilocks' Comments and Global Economic News Sunday Evening 3-10-24
Good Evening Dinar Recaps,
For the last few years, Japan and the United States have been engaged in "yield curve control mechanisms" to adjust monetary supply. This keeps long-term bond yields low. It encourages consumers to spend and businesses to invest. If you have a lot of money to invest in these activities, it allows you to move ahead of the rest of the world in wealth.
Japan is currently deciding to change their monetary policy under a new framework. This new framework will target the "volume of purchases," rather than, the yield curve control.
This is a move from benefiting the 1% to allowing supply and demand to determine market prices. When supply and demand determines market prices, a shift in currency values follow to meet these new demands.
Monetary policy changes such as this gives power back to the people by allowing the people to participate in determining market values. We do make up most of the market.
Consumers make up 2/3 of the influence made inside the marketplace through consumer spending. Coupled with an open market system in trade, and this becomes a much different way of life for the Global Economy.
An open market system is an economy that has no trade barriers and free market activities that govern trades between countries.
"The United Nations Conference on Trade and Development (UNCTAD) estimates that roughly 80 percent of global trade by volume and 70 percent by value is transported by sea. Of that volume, 60 percent of maritime trade passes through Asia, with the South China Sea carrying an estimated one-third of global shipping."
Do you see how shifts in monetary policies have the ability to change the way we live, and why I keep encouraging you to "watch the water?" This is the way to new currency values going forward.
The new digital asset-based trading system known to many as the Quantum Financial System is a way of shifting monetary influence back to the people who support it all. It levels the playing field, and the participatory effort gives opportunity to those who take it.
© Goldilocks
Bloomberg
ChinaPower
WhiteHouse
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The last few years have been difficult for so many people across the board. Our world is simply looking for direction to move forward. "Without a vision, the people perish."
These words have never been more true in the history of our world as it is now. We are beginning to gain steam in a new direction Globally, and those who participate in this new world will find themselves expanding within it.
Others will not participate in the New World, and it has a devastating effect of disconnecting people from the very energies the new world provides to sustain you.
These choices draw our attention to a wisdom deeply embedded within us all and endowed by our Creator at the moment of our birth. This is to freely choose from a myriad of paths a life in front of us a road of destiny.
Each of us have gifts and talents that can be utilized in the New World, and these are opportunities for us to explore a strange new world, to seek out life in all its forms, for the benefit of transforming ourselves and those around us in our co-creative relationship between our Creator and ourselves United by a power of peace.
© Goldilocks
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Clarity for Payment Stablecoins Act of 2023
This bill establishes a regulatory framework for payment stablecoins (digital assets which an issuer must redeem for a fixed monetary value).
Only permitted issuers are allowed to issue a payment stablecoin for use by U.S. persons. Permitted issuers must be a subsidiary of an insured depository institution, a federal-qualified nonbank payment stablecoin issuer, or a state-qualified payment stablecoin issuer. In general, permitted issuers must be regulated by the appropriate federal regulator, however, state-qualified issuers must be regulated by an appropriate state regulator.
Permitted issuers must maintain reserves backing the stablecoin on a one-to-one basis using assets as outlined by the bill, such as U.S. coins and currency or other assets regulators determine appropriate. Permitted issuers must also publicly disclose their redemption policy, establish redemption procedures, and publish on their website every month the details of the issuer's reserves.
The bill sets forth requirements for (1) the rehypothecation, or reusing, of such reserves; (2) providing custodial or safekeeping services for stablecoins or private keys; and (3) supervisory, examination, and enforcement authority over non-state qualified issuers.
In addition, the bill places a two-year moratorium on new endogenously collateralized stablecoins (i.e., stablecoins that rely on the value of another digital asset created or maintained by the same originator to maintain the fixed price).
Under the bill, permitted payment stablecoins are not considered securities under securities law. © HR 8950
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What is a supply and demand curve and how is it useful? | Indeed.com UK
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The Banks: “Unrealized Losses” in Q4, Securities Held by Banks, Bank Failures, and the Dropping Bank Count | Wolf Street
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CFTC Announcement:
Washington, D.C. — Two subcommittees of the Market Risk Advisory Committee (MRAC) will hold public meetings on Friday, March 15 from 9:30 a.m. to 12:30 p.m. (EDT) at the CFTC’s Washington, D.C. headquarters. Members of the public will also have the option of attending in person or virtually. Commissioner Kristin N. Johnson is the sponsor of the MRAC.
The Future of Finance Subcommittee and Climate-Related Market Risk Subcommittee will, separately, continue workstreams, including examining the potential risks that emerge in connection with increasing adoption of artificial intelligence in global financial markets and the risks that arise in connection with carbon derivatives markets with a particular focus on fraud and greenwashing, market integrity, product design, and disclosure.
Each meeting will be open to the public with seating on a first-come, first-served basis. Persons requiring special accommodations to attend the subcommittee’s meeting because of a disability should notify the contact persons below. Formal agendas for each subcommittee’s meeting are forthcoming. CFTC
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Japan is one of the United States’ most important trade and investment partners. In 2022, bilateral U.S.-Japan trade in goods and services was worth $309 billion International Trade Administration
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We hold these truths to be self-evident, that all men (and women) are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. Archives
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I really hope you understand that cryptocurrency is soon to be the foundation for the infrastructure of our new digital asset-based trading system.
As Bitcoin grows, the rest of the crypto space grows. This is the first RV. The second one that many are looking for in paper currency will become possible because of the first one taking place right now.
Our new global economy is currently being re-indexed. Everything will be tokenized. Yes, even the foreign currency you hold. It is a process that will give new value to all of our currencies around the world.
© Goldilocks
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When the Bible speaks of living water, it is a symbol for spiritual nourishment and renewal. The new digital monetary system is symbolic of many things, and many do not recognize it's contents revealing itself right in front of our eyes.
For those who have eyes let them see that the gold attached to our new digital economy is an asset that can never be diminished for the elements contained within gold are eternal.
A new heaven and a new Earth represents the new economy of spirit, as well as, a new beginning for the Earth as well.
There is a promise contained within Revelations 21:1-6 that God will make all things new. It is a promise that many countries are making with one another in investing in the restoration of New Life.
It is a change in the way we have been using up our resources here on Earth, and a movement for countries to commit themselves to Green Bond Initiatives. It is a promise we have been thirsting for and centuries in the making. As it is written, "To the thirsty I will give water without cost from the spring of the water of Life."
It is a movement that has begun its activation through the process of connecting Quantum Technologies around the world that have embedded within them many of these green initiatives (Protocol 20).
As countries connect to one another, we are making a promise to restore our money to real values through gold enabled by a digital economy to help us fulfill new goals whose paths reach into our highest potential in favor with God and humanity.
This is why our current QFS that is still in process of finalizing a payment and messaging system will bring forth tokenized assets as a means capable of reaching the fulfillment of our return to that which is most sacred to us.
Have a wonderful Sunday my friends, and remember the purpose for which you were born. For what lies deepest within you, has the capacity to create miracles. Because the essence of who we are is greater than we think or even can think, our true home resides in the Stars. Remember these things, and there will be no limits on what you can achieve from this day forward. Reference: Revelations 21:1-6
© Goldilocks
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Goldilocks' Comments and Global Economic News Saturday Evening 3-9-24
Goldilocks' Comments and Global Economic News Saturday Evening 3-9-24
Good Evening Dinar Recaps,
"Senators Cynthia Lummis (Republican) and Kirsten Gillibrand are reported to be finalizing a Stablecoin Bill."
This Stablecoin Bill is moving through the House and Senate as we speak. It will provide the long awaited crypto clarity that we need to pay for the tokenized assets currently expanding and interfacing digital networks inside Protocol 20.
As we have announced before in this room, 90% of the global economy will be tokenized by the end of the year. If you have been accumulating ISO 20022 tokens, you will be holding assets that are already beginning to move into their real value.
Remember, Stablecoins represent a country's currency. At some point, our Stablecoins will be given the green light to move forward. This will put price pressures on many of the currencies we hold.
Several countries have already migrated to the ISO 20022 messaging service that will provide an integrated and universal language service to explain transactions taking place on the QFS.
The back wall date for the ISO 20022 messaging service for countries is to be completed early next year, but the countries who have already migrated will be able to begin utilizing this service as more and more countries come on board. Ledger Insights
© Goldilocks
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Goldilocks' Comments and Global Economic News Saturday Evening 3-9-24
Good Evening Dinar Recaps,
"Senators Cynthia Lummis (Republican) and Kirsten Gillibrand are reported to be finalizing a Stablecoin Bill."
This Stablecoin Bill is moving through the House and Senate as we speak. It will provide the long awaited crypto clarity that we need to pay for the tokenized assets currently expanding and interfacing digital networks inside Protocol 20.
As we have announced before in this room, 90% of the global economy will be tokenized by the end of the year. If you have been accumulating ISO 20022 tokens, you will be holding assets that are already beginning to move into their real value.
Remember, Stablecoins represent a country's currency. At some point, our Stablecoins will be given the green light to move forward. This will put price pressures on many of the currencies we hold.
Several countries have already migrated to the ISO 20022 messaging service that will provide an integrated and universal language service to explain transactions taking place on the QFS.
The back wall date for the ISO 20022 messaging service for countries is to be completed early next year, but the countries who have already migrated will be able to begin utilizing this service as more and more countries come on board. Ledger Insights
© Goldilocks
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Senate stablecoin bill in the works from Sens. Lummis and Gillibrand | Axios
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If you would like to read the full report on the Stablecoin Bill being presented in Congress, you can follow the link below to see where it stands at the present time and read the full report below it.
The full report explains exactly what is being presented to Congress, and how,the use of Stablecoins will be utilized going forward.
You will be able to read how values are determined for these Stablecoins, and many of the regulations that surround these coins to make them workable on the QFS. Congress
© Goldilocks
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White House Executive Order to Establish New Cross-Border Sensitive Data Transfer Control Regime JD Supra
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The FedNow Service uses a variety of ISO message types, including for customer credit transfers, requests for payment and interbank liquidity transfers, as well as FedNow system and account reporting messages. Explore FedNow
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The FedNow Service is a new instant payment service offered by the Federal Reserve. Below are key facts that set the record straight on what the FedNow Service is, what it’s not and what the industry can expect in the months and years ahead.
Fact: The network of financial institutions participating in the FedNow Service will grow over time.
The Federal Reserve’s goal and expectation is that the FedNow Service will achieve broad reach over time, much like the Fedwire® Explore FedNow
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SOFR futures options show rising chance of no Fed rate cut this year | Nasdaq
👆 This could change as Protocol 20 expands digital networks together based on gold as a backing.
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Goldilocks Comments and Global Economic News Friday Evening 3-8-24
Goldilocks Comments and Global Economic News Friday Evening 3-8-24
Good Evening Dinar Recaps,
Is XRP primed to become the world’s next reserve trading currency? That question remains to be seen as new partnerships are forming around the world.
Ripple does act as a liquidity coin between Nation's Central Banks, and it does have the potential to replace the Swift System as the new preferred Central Bank digital exchange processing system.
"Ripple has a product called On-Demand Liquidity that allows financial institutions to instead settle transactions instantly with the XRP cryptocurrency. On-Demand Liquidity works by allowing financial institutions to convert fiat to XRP and convert XRP coins into the destination currency using local crypto exchanges."
All of this is taking place at a time when Protocol 20 is currently moving into Phase 2 of the Stellar Network utilizing Soroban contracts.
Here, our new tokenized asset markets are beginning to form alliances between traditional assets and new global payment systems. The merging of these new digital economic worlds is forming the basis of our new economy.
Goldilocks Comments and Global Economic News Friday Evening 3-8-24
Good Evening Dinar Recaps,
Is XRP primed to become the world’s next reserve trading currency? That question remains to be seen as new partnerships are forming around the world.
Ripple does act as a liquidity coin between Nation's Central Banks, and it does have the potential to replace the Swift System as the new preferred Central Bank digital exchange processing system.
"Ripple has a product called On-Demand Liquidity that allows financial institutions to instead settle transactions instantly with the XRP cryptocurrency. On-Demand Liquidity works by allowing financial institutions to convert fiat to XRP and convert XRP coins into the destination currency using local crypto exchanges."
All of this is taking place at a time when Protocol 20 is currently moving into Phase 2 of the Stellar Network utilizing Soroban contracts.
Here, our new tokenized asset markets are beginning to form alliances between traditional assets and new global payment systems. The merging of these new digital economic worlds is forming the basis of our new economy.
These moves are coming at a time when crypto clarity, Treasury Market resiliency through gold (Basel 3) supporting each sector of the markets, and movement towards T+1 and soon to be instant settlements have recently been given the green light for regulations through the legislative to move forward.
© Goldilocks
CryptoNewsFlash
Financial News London
CFTC
Gemini
Medium
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Reps mull law to regulate cryptocurrency, digital assets transactions | TheCable
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To comply with DMA, WhatsApp and Messenger will become interoperable via Signal protocol |TechCrunch
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Gasoline Demand Has a Long-Term Structural Problem in the US: Plunging Per-Capita Consumption | Wolf Street
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RIPPLE XRP🚨⚠️FEDERAL RESERVE JUST SAID IT OUT LOUD⚠️🚨XRP HOLDERS LISTEN NOW | YouTube
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US dollar, yields fall amid Fed Powell testimony as traders flock to gold, BTC | YouTube
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Ethena Labs’ stablecoin has pocketed $4 million for its treasury with high yields derived from ether-future funding rates and staking ether to a validator.
The project has seen early success with a controversial concept, increasing its treasury to over $16 million and becoming the third-largest revenue generator in the crypto market. CoinDesk
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Goldilocks' Comments and Global Economic News Friday AM 3-8-24
Goldilocks' Comments and Global Economic News Friday AM 3-8-24
Good morning Dinar Recaps,
Starting today, China no longer trades the Yuan with the Dollar. Hong Kong launches their wholesale CBDC project to support digital tokenization and tokenized deposits. And, Hong Kong is advancing a privacy digital currency with Project Aurum 2.0.
As one door closes, another door opens. Hong Kong has a market capitalization of over 30 trillion dollars. While the United States has over 46 trillion dollars in market capitalization, the move to make trades in local currencies on a level playing field utilizing a gold standard protocol inside a digital economy backed by gold will go a long way in bringing more monetary value to the Eastern half of our world.
Goldilocks' Comments and Global Economic News Friday AM 3-8-24
Good morning Dinar Recaps,
Starting today, China no longer trades the Yuan with the Dollar. Hong Kong launches their wholesale CBDC project to support digital tokenization and tokenized deposits. And, Hong Kong is advancing a privacy digital currency with Project Aurum 2.0.
As one door closes, another door opens. Hong Kong has a market capitalization of over 30 trillion dollars. While the United States has over 46 trillion dollars in market capitalization, the move to make trades in local currencies on a level playing field utilizing a gold standard protocol inside a digital economy backed by gold will go a long way in bringing more monetary value to the Eastern half of our world.
Mainland China is Hong Kong's largest trading partner. The newly launched “HKD-RMB Dual Counter Model” will see an initial 24 companies start offering Yuan counters. This will allow investors in Hong Kong to trade in the Yuan.
The line in the sand has been drawn, and today, we are about to witness countries begin to cross them.
© Goldilocks
Digital Pound Foundation
Adleman.USC Edu
Ledger Insights
HKEX
CNBC
Investopedia
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What Happens To Gold If China Backs The Yuan With It? (GLD). The simple answer is that it will rise.
Our new digital economy backed by commodities through tokenized assets is giving countries like China and opportunity to forge new pathways into countries like Hong Kong never seen before in history.
New Hopes and New Visions in the trading world is creating an entrepreneurial spirit. The realization that new paths can be formed through a new digital economy is inspiring new moves in Global Trade not seen before.
Digital Gold is the bridge into these new bilateral relationships countries are beginning to form on the Eastern half of our world. Markets BusinessInsider Finance Yahoo
All roads lead to gold, and gold will set us free.
© Goldilocks
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Update:
We have an update on Stellar Soroban Phase 2 test. It is complete.
Protocol 20 is about to move into high gear at this point.
* Upgrade on Pubnet March 12th
* Validator vote March 19th
* If all goes well, everything will move to public use
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Goldilocks' Comments and Global Economic News Thursday Evening 3-7-24
Goldilocks' Comments and Global Economic News Thursday Evening 3-7-24
Good Evening Dinar Recaps,
Our Global Economy is in process of redefining and recalculating currency values. Specifically, we are undergoing pilot programs to determine regulations on the use and the amount needed to level the playing field in trade among countries.
These are measured in units of account in the banking world. Each unit of account currently has a digital value and a commodity value inside what we are currently calling a tokenized asset going forward.
These new pending prices are what many are calling a Global Currency Reset. This is why new laws have been coming into effect on our new digital economy the last two and almost a half years to solidify real values going forward.
Goldilocks' Comments and Global Economic News Thursday Evening 3-7-24
Good Evening Dinar Recaps,
Our Global Economy is in process of redefining and recalculating currency values. Specifically, we are undergoing pilot programs to determine regulations on the use and the amount needed to level the playing field in trade among countries.
These are measured in units of account in the banking world. Each unit of account currently has a digital value and a commodity value inside what we are currently calling a tokenized asset going forward.
These new pending prices are what many are calling a Global Currency Reset. This is why new laws have been coming into effect on our new digital economy the last two and almost a half years to solidify real values going forward.
Real values are necessary for the new Quantum Financial System to calculate with precision and speeds we have never seen before in history, and not, artificial values controlled and determined by a single country.
This is the year to determine these new values going forward that will affect our Global Economy for generations to come. Finance Magnates
© Goldilocks
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In the future, you will hold "units of account" for the currencies you hold or one single currency. Each of these units of account (currency) will be instilled with values that come from a digital asset.
Are you beginning to see how power will be given back to the people? You will literally be holding a real asset in your hand(s) going forward. You will own gold, and gold belongs to the people.
All roads lead to gold, and gold will set us free.
© Goldilocks
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The dollar is transitioning into a secular Bear Market. Let's watch what happens to Gold.
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"WHY ASSET AND LIABILITY MANAGEMENT SHOULD BE THE NERVE CENTER OF MODERN BANKS"
Current restrictions in credit is beginning to affect Banking liquidity opportunities that creates even less money to the banking system.
Many small Banks are vacant and creating more and more stress on the commercial real estate market. Banks are consolidating, and some are going out of business.
As Banks transition from a client-centered operation to a trading centered operation, it will be a profitable movement of the new digital economy that will bring in more liquidity going forward.
Asset and liability management are quickly becoming the new roles of the banking system.
Asset Management is the acquiring, trading, and maintaining of assets inside a Bank that has potential growth.
Yes, the new digital economy is digitally based and maintained in and through the banking system. Clients will be seen as investors holding assets of potential growth such as digital assets backed by gold and other commodities.
These assets will grow over time and be encouraged to solidify their growth potential through portfolios run by AI and other means.
The world of banking, and the lifestyle shift of our new GLOBAL ECONOMY is and will change the way we live. International Banker
© Goldilocks
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President Putin's Advisor Announcement:
"Russian President Vladimir Putin’s advisor on foreign policy issues said, ‘Work will continue to develop the Contingent Reserve Arrangement, primarily regarding the use of currencies different from the US dollar’"
The BRICS Nations are in process of creating an independent payment system based on digital technologies & blockchain.
Their intentions are to create a trading coin backed by gold. Remember, 70% of (digital) trade is done on the water from country to country. It will provide more strength to currencies who have been utilizing the dollar instead of their own countries' currencies going forward.
This will significantly shift the role of the dollar, as well as, empower Eastern countries gaining strength in their local currencies through these measures. First Post
Watch the water.
© Goldilocks
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China is withdrawing from the US Stock Market by way of US dollar to Yuan trades on Forex. The Yuan will no longer be able to buy US Dollars on Forex.
If you look closely, the Depository Trust Company will be closing these trades on March the 8th, 2024.
Are they about to back their currency by gold? If not, will their gold token become more accessible in the world of trade? Either way, you can expect a major shift like this to have a backup plan.
© Goldilocks
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Essential to keeping the market liquid, broker-dealers can be firms, banks or individual people. And as you may be able to guess from the hyphenated name, they serve two distinct roles.
What Is a Broker-Dealer, and What Do They Do? - SmartAsset
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XRP Escrow: Foundation for XRP’s Transition to Global Reserve Currency, Experts Say | Crypto News Flash
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Instant Payments Regulation Announcement:
The Council of the European Union has, on the 26th of February of this year, adopted a regulation aimed at promoting instant payments within the European Union (EU), in accordance with the Union’s initiative to foster a capital markets union. The Instant Payments Regulation will allow individuals to transfer funds to another EU member state as well as within the same country in just 10 seconds, at any time of day. https://gvzh.mt/insights/new-regulation-on-instant-payments-adopted/
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In November 2000, the SEC adopted Exchange Act Rule 11Ac1-5. Rule 11Ac1-5 is aimed at improving public disclosure of order execution quality.
New SEC Rule 605 (formerly 11Ac1-5) requires FINRA to make available certain order execution information, facilitating the uniform public disclosure of order execution information by all market centers. SEC FINRA
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European Central Bank Holds Interest Rates Steady...Ira’s Morning Flash Video for 3 7 2024 | YouTube
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Arizona Senate considers Bitcoin and other digital asset ETFs for state pension investment | Crypto Briefing
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President Biden will address a Joint Session of Congress at the United States Capitol on Thursday, March 7, 2024 at 9 PM ET. | Whitehouse
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Qatar Central Bank is set to launch its new instant payment service this month as part of its Third Financial Sector strategy. | Fintech Futures
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Repost Reminder:
Take a look at the top listing on Credit Bank of Iraq bank rate inside Iraq. It is important to note that the US dollar conversion rate still remains the same, but it is listed as a currency that can be exchanged with the dinar.
Scroll all the way to the far right of the dinar listing at Credit Bank of Iraq, and you will find that one US dollar still buys 1,300 dinar.
You might want to save this page with the below article link to refer back to when checking currency rates inside Iraq. Credit Bank of Iraq
© Goldilocks
👆No changes yet.
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News Wednesday Evening 3-6-24
Goldilocks' Comments and Global Economic News Wednesday Evening 3-6-24
Good evening Dinar Recaps,
Today, the Global Markets Advisory Committee Meeting subcommittee of the CFTC is meeting to make 3 recommendations for the markets going forward:
* The first-ever digital asset taxonomy. It is designed to promote regulatory clarity and international alignment.
* Basel 3 end game proposal.
* Transition to T+1 securities settlement and Treasury ETFs.
The role of this committee is to take a look at the legislative process and make recommendations for a bill to move it forward in Congress. Although committees only have the authority to advise, their recommendations go a long way in determining the contents of what goes on a legislative bill.
These three proposals are already in process. This committee is designed to focus attention on the details of what has already been introduced to Congress. These recommendations will provide more clarity for Congress to understand and work with current legislative bills already on the table.
The Financial Stability Board will be present at this meeting along with other prominent Global Financial Advisors. A vote will be taken today to move these legislative bills forward. CFTC
© Goldilocks
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Goldilocks' Comments and Global Economic News Wednesday Evening 3-6-24
Good evening Dinar Recaps,
Today, the Global Markets Advisory Committee Meeting subcommittee of the CFTC is meeting to make 3 recommendations for the markets going forward:
* The first-ever digital asset taxonomy. It is designed to promote regulatory clarity and international alignment.
* Basel 3 end game proposal.
* Transition to T+1 securities settlement and Treasury ETFs.
The role of this committee is to take a look at the legislative process and make recommendations for a bill to move it forward in Congress. Although committees only have the authority to advise, their recommendations go a long way in determining the contents of what goes on a legislative bill.
These three proposals are already in process. This committee is designed to focus attention on the details of what has already been introduced to Congress. These recommendations will provide more clarity for Congress to understand and work with current legislative bills already on the table.
The Financial Stability Board will be present at this meeting along with other prominent Global Financial Advisors. A vote will be taken today to move these legislative bills forward. CFTC
© Goldilocks
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Take a look at the top listing on Citibank bank rate inside Iraq. It is important to note that the US dollar conversion rate still remains the same, but it is listed as a currency that can be exchanged with the dinar.
Scroll all the way to the far right of the dinar listing at Citibank, and you will find that one US dollar still buys 1,300 dinar.
You might want to save this page to look at currency rates inside Iraq along with cbi.iq. Credit Bank of Iraq
© Goldilocks
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Gold prices hit a record high. There’s a gold rush on Wall Street | CNN Business
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In simple terms, a unit of account is defined as a standard unit of measurement of market/economic value for an asset, goods, services, and other transactions. https://3commas.io/blog/unit-of-account
~~~~~~~~~~
Our Global Economy is in process of redefining and recalculating currency values. Specifically, we are undergoing pilot programs to determine regulations on the use and the amount needed to level the playing field in trade among countries.
These are measured in units of account in the banking world. Each unit of account currently has a digital value and a commodity value inside what we are currently calling a tokenized asset going forward.
These new pending prices are what many are calling a Global Currency Reset. This is why new laws have been coming into effect on our new digital economy the last two and almost a half years to solidify real values going forward.
Real values are necessary for the new Quantum Financial System to calculate with precision and speeds we have never seen before in history, and not, artificial values controlled and determined by a single country.
This is the year to determine these new values going forward that will affect our Global Economy for generations to come. Finance Magnates
© Goldilocks
~~~~~~~~~~
The Stellar Development Foundation (SDF) recently submitted a letter in response to a Request for Information on Financial Inclusion (RFI) issued by the U.S. Department of the Treasury (Treasury).
This response blends our work on financial access with our continued efforts to advocate for open systems. By combining these two focus areas, SDF aims to inform Treasury’s development of a national strategy for financial inclusion from a technological perspective – emphasizing that tools to further financial access and inclusion can benefit from open-source and transparent technology.
In our response, we address two key points: the importance of access when defining financial inclusion and how to leverage technology to advance financial inclusion efforts.
SDF defines access as a core tenet for the advancement of financial inclusion. Access to formal financial systems, such as bank accounts, is crucial for individuals, households, and small businesses to participate in the increasingly digital economy and unlock advanced services like savings and lending.
We propose that consumers should have access to free or low-cost products that support everyday financial transactions in today’s cashless economy. Services that leverage digital wallets and blockchain technology can address traditional barriers like minimum account balances and account fees that preclude participation in the formal economy.
As a public and freely accessible blockchain, the Stellar network provides a rich environment and set of technical tools for such everyday financial services. Stellar
👆 The Stellar Development Foundation is a Committee member of the Global Markets Advisory Committee Meeting subcommittee.
~~~~~~~~~~
A China-Russia geopolitical alignment was long the Kremlin’s dream
The war in Ukraine has brought the two autocratic powers much closer
The axis is emerging just as the West is preoccupied with domestic issues GIS Reports Online
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The United Arab Emirates demonstrated its commitment to financial sector innovation last week when it undertook the first cross-border transfer of its central bank digital currency (CBDC), the digital dirham.
On January 29, the chairman of the UAE Central Bank sent 50 million digital dirhams - the equivalent of approximately $13 million - from the UAE to China over mBridge, a platform that allows countries and financial institutions to experiment with using CBDCs for cross-border wholesale payments.
The transfer forms part of the UAE’s efforts on developing a CBDC that can drive the the country’s digital transformation, and is the first in a series of pilot programs the UAE intends to run with CBDCs, with future projects to focus on establishing CBDC bridges with India, and a proof of concept for a CBDCs use in domestic retail and wholesale payments. Jointly these efforts comprise part of the UAE’s CBDC Strategy, which the Central Bank announced in March 2023. Elliptic
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Fast payments have achieved mass adoption in some jurisdictions but not in others – with adoption likely depending on the design characteristics of different fast payment systems (FPS).
Adoption of fast payments tends to be more widespread when the central bank owns the FPS, when non-banks participate and when the number of use cases and cross-border connections is greater.
These insights can help inform the design and development of FPS and other payment infrastructures.
YouTube
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Digital Ruble Announcement:
At a meeting of the Association of Banks of Russia, both the central bank governor and deputy governor gave an update on the digital ruble. Trials for the central bank digital currency (CBDC) started in August last year after the passage of legislation. It started with a dozen banks, 600 end users and 30 merchants across 11 cities. The plan is to begin to roll out the CBDC next year.Ledger Insights
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Nikki Haley gives speech addressing her future in 2024 presidential race – watch live
👆 This speech will give you insight into what is about to happen the rest of this year. It is a short speech. Please listen carefully.
She talks about the transition of our economy in October, Term limits for politicians, a smaller Government, and more...
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Take a look at the top listing on Citibank bank rate inside Iraq. It is important to note that the US dollar conversion rate still remains the same, but it is listed as a currency that can be exchanged with the dinar.
Scroll all the way to the far right of the dinar listing at Citibank, and you will find that one US dollar still buys 1,300 dinar. Credit Bank of Iraq
© Goldilocks
👆 You might want to save this page to look at currency rates inside Iraq along with CBI.iq.
~~~~~~~~~~
What have we learned the last few days about the Iraqi Dinar?
Yes, a rate has been on the back screen for years, but it is not tradable until it goes to the front screen for you and me.
~~~~~~~~~~
In simple terms, a unit of account is defined as a standard unit of measurement of market/economic value for an asset, goods, services, and other transactions.
https://3commas.io/blog/unit-of-account
~~~~~~~~~~
In the future, you will hold "units of account" for the currencies you hold or one single currency. Each of these units of account (currency) will be instilled with values that come from a digital asset.
Are you beginning to see how power will be given back to the people? You will literally be holding a real asset in your hand(s) going forward. You will own gold, and gold belongs to the people.
All roads lead to gold, and gold will set us free.
© Goldilocks
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UK regulations will allow stablecoins and CBDCs to coexist, says former BoE fintech lead
United Kingdom policymakers are adopting a coordinated approach to establish regulations allowing cryptocurrencies, stablecoins and CBDCs to coexist. CoinTelegraph
~~~~~~~~~~
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More News, Rumors and Opinions Tuesday PM 3-5-2024
TNT:
CandyKisses: Joint with Iraq. Iran looks to create trade zone for access to the Mediterranean Sea
Haidar Hisham
The Secretary of the Supreme Council of Iran's Supreme Council of Commercial, Industrial and Special Economic Free Zones revealed that he negotiated with 21 countries to establish a joint free zone and reach a conclusion with five countries, including Syria and Iraq.
According to the official IRNA news agency, Hojatullah Abdul Maliki confirmed that Iran seeks to establish a joint free zone with other countries, but also seeks to establish a tripartite joint free zone by negotiating with Iraq and Syria.
He stressed: Through the establishment of a tripartite free zone between Iran, Syria and Iraq, we will witness a great investment leap as we follow this issue.
TNT:
CandyKisses: Joint with Iraq. Iran looks to create trade zone for access to the Mediterranean Sea
Haidar Hisham
The Secretary of the Supreme Council of Iran's Supreme Council of Commercial, Industrial and Special Economic Free Zones revealed that he negotiated with 21 countries to establish a joint free zone and reach a conclusion with five countries, including Syria and Iraq.
According to the official IRNA news agency, Hojatullah Abdul Maliki confirmed that Iran seeks to establish a joint free zone with other countries, but also seeks to establish a tripartite joint free zone by negotiating with Iraq and Syria.
He stressed: Through the establishment of a tripartite free zone between Iran, Syria and Iraq, we will witness a great investment leap as we follow this issue.
Abdul Malki pointed out that Iran is currently negotiating with 21 countries to establish a joint free zone, saying: "We have so far reached the stage of signing a document with five countries, which is either in the form of a memorandum of understanding or including the text of the approvals of the Joint Commission."
He added: "We have spoken with Iraq and Syria for the establishment of a joint free zone, and the negotiating parties have expressed their agreement in this regard, and we are waiting for a tripartite meeting.
The secretary of the Supreme Council of Iran's Supreme Council of Trade, Industrial Free and Special Economic Zones added: "The area being considered for this purpose is one of the last parts that got rid of ISIS, but now security has been established and transit is taking place smoothly.
The establishment of a common free zone would benefit the three countries and make Iran's access to the Mediterranean very easy.
************
CandyKissses: Economists urge expanded partnership with Europe
Economy News _ Baghdad
Specialists in economic and financial affairs called for expanding the country's openness to investments with the European side, especially after the exit of European companies from long-term Russian agreements, indicating that the Prime Minister's recent visit to the Netherlands represents a gateway to this openness.
Economist Dr. Mustafa Hantoush said in an interview with "Al-Sabah" followed by "Economy News", that there is a real opportunity for Iraq to partner with Europe, especially since the latter had long partnerships with Russia and Ukraine in the field of energy.
He pointed out that Europe is currently isolated due to recent events, noting that it is possible to exploit this partnership as an oil country and cooperate with European companies, especially as they are looking for countries to market their products, including animal products and seeds.
Hantoush pointed out that most countries in Europe are looking for partnerships to market their products, especially with oil countries, and Iraq is one of those countries, as it has huge oil wealth, and the country needs their expertise in the field of livestock and seeds.
For his part, economist Safwan Qusai said that the recent visit of Prime Minister Mohammed Shia al-Sudani to the Netherlands is key to convincing the European investor to partner with Iraq.
He added that the country needs investments from the European side and the exploitation of the Dutch port of Rotten-Dan, which is the largest port in Western Europe and is the gateway to the production of Germany, Britain, Paris and Belgium, and that about 500 million tons of goods are entered through this port annually.
He pointed out that linking the port of Faw with the port of Rotten Down through Turkey, which is a strategic partner for the transport of goods, goods and people, and that the Netherlands for Iraq will be the communication station, and that the European Union has begun looking for the import of alternative goods for gas and oil.
He pointed out that the presence of the Sudanese in the Netherlands is the key to convince the European investor to partner through the giant British insurance companies, pointing to the possibility of transferring part of the German and Italian production lines into Iraq as we have the production capacity.
For his part, Imad al-Fatlawi, who is interested in economic affairs, said that the state's recent directions to develop a roadmap to activate cooperation with the European side represent an important step on the road to economic integration, pointing out that there are intensive efforts to solve problems and challenges in this aspect, especially in the field of construction, industry and even in the aspect of agriculture and livestock.
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man They're going to have a very strong country...Iraq's foreign reserves are huge, historic in history, all-time high and they increased their gold supply another 10 tons. You can see the direction they're going and why they're getting praises...
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend...in his opinion a new rate that will float. We're going to have gateway from Iraq to European side in trading. It will be amazing...The deletion of the zeros is near...Four different experts of the economy being sent to us by the CBI saying what is needed to be done with the zeros. It's no secret. FRANK: He's 100% correct. I keep telling you it's here.
A SUPER-MELTDOWN WILL OCCUR IN THE DEBT MARKET...AND IT CANNOT BE STOPPED.
Greg Mannarino: 3-5-2024
Andy Schectman: Gold Rallies Again After Clearing $2,100 Level
Arcadia Economics: 3-5-2024
The gold price has continued its rally again today, trading as high as $2,150 during the morning session. And as Andy Schectman of Miles Franklin notes in today's call, this is happening at the same time that interest rates are still elevated.
So in today's show, he talks about the $100 move we've just witnessed in the past 3 days, the reaction in the silver price, and how the physical premiums have responded to the move. To find out more, click to watch the video now!
Goldilocks' Comments and Global Economic News Tuesday Evening 3-5-24
Goldilocks' Comments and Global Economic News Tuesday Evening 3-5-24
Good evening Dinar Recaps,
Finance ministers discuss BRICS Bridge digital currency payments
"Specifically, the Ministry said, 'We are talking about creating a multilateral digital settlement and payment platform.' However, Sputnik International one of Russia’s English propaganda networks, went further. It said Finance Minister Anton Siluanov was ready to test digital currencies with China, the Eurasian Economic Union (EAEU) and the Gulf countries."
Another news outlet quoted Siluanov as saying, “The first thing to do is to create a connection to the existing central bank digital currency systems that are already operating in a number of countries. In parallel with this, national financial messaging systems need to be connected.”
Here, we have information with specific guidance on what has to be done in Russia and the BRICS system to see their local currencies onboarded to the new QFS. They give us a direct message in the last sentence of the above article.
Here it is again separated from the paragraph, "...national financial messaging systems need to be connected."
Goldilocks' Comments and Global Economic News Tuesday Evening 3-5-24
Good evening Dinar Recaps,
Finance ministers discuss BRICS Bridge digital currency payments
"Specifically, the Ministry said, 'We are talking about creating a multilateral digital settlement and payment platform.' However, Sputnik International one of Russia’s English propaganda networks, went further. It said Finance Minister Anton Siluanov was ready to test digital currencies with China, the Eurasian Economic Union (EAEU) and the Gulf countries."
Another news outlet quoted Siluanov as saying, “The first thing to do is to create a connection to the existing central bank digital currency systems that are already operating in a number of countries. In parallel with this, national financial messaging systems need to be connected.”
Here, we have information with specific guidance on what has to be done in Russia and the BRICS system to see their local currencies onboarded to the new QFS. They give us a direct message in the last sentence of the above article.
Here it is again separated from the paragraph, "...national financial messaging systems need to be connected."
Meanwhile, Russia will be testing their new digital currency this year. Remember, Putin is the chair of the BRICS System this year, and many of the currencies we are looking to revalue have already joined this group. BRICS Nations are formulating a digital gold token for trade, this will change everything.
Do you remember ISO 20022 messaging system? It is still important.
(https://sputnikglobe.com/20240226/russia-ready-to-test-payments-in-digital-currencies-with-china-eaeu---finance-minister-1116982914.html),
Watch the water.
© Goldilocks
Ledger Insights
Federal Reserve
~~~~~~~~~~
Fedwire is a real-time gross settlement system of central bank money used by Federal Reserve banks to transfer funds electronically between member institutions. Banks, businesses, and government agencies use Fedwire for large, same-day transactions. Investopedia
~~~~~~~~~~
When factoring in currency trades, it is the first currency in a currency pair that represents how much currency is needed to purchase a single unit of the corresponding currency beside it. Investopedia
© Goldilocks
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Freedom Fighter ©
A currency pair is the quoting of 2 different currencies, with the currency on the left of the slash
( / ) being exchanged FOR the currency on the right of the slash ( / )
Our exchange will be IQD/USD
AKA we are exchanging
✅DINAR for USD (IQD/USD)
NOT ❌USD for DINAR
(USD / IQD )
Hear Freedom Fighter's Explanation here: https://t.me/c/1545617426/75146
~~~~~~~~~~
Freedom Fighter ©
✅Another example
~~~~~~~~~~
Thank you Freedom Fighter for a wonderful explanation in detail.
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Iraq confirms it has completed the requirements to join the World Trade Organisation | Zawya News
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Official: Iraq's accession to the World Trade Organization is imminent | Shafaq
~~~~~~~~~~
RBI Expects Launch Of Interoperable Internet Banking In 2024: Shaktikanta Das | NDTV Profit
~~~~~~~~~~
Analyzing the latest updates and advancements in Stellar (XLM) | CryptoNewsz
~~~~~~~~~~
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Why Gold Might (Weirdly) Be A Contrarian Investment Right Now
Why Gold Might (Weirdly) Be A Contrarian Investment Right Now
Notes From the Field By Simon Black/James Hickman March 5, 2024
[Important Reminder: (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]
It’s hard to say with a straight face that an asset hovering near its all-time high could be a “contrarian” investment. But I’m going to say it anyhow-- I think gold may be a contrarian play right now.
Now, it would be easy to assume that gold is near its all-time high because everyone is buying. And normally that would be true; typically, whenever an asset soars to a record high, it’s because individual investors are piling into the market.
We’ve seen this countless times, from Bitcoin to meme stocks; once something becomes the hot thing to own, small investors-- and occasionally professionally managed funds-- drive the price higher.
But that’s not happening with gold. In fact, investors have been abandoning gold for years.
Why Gold Might (Weirdly) Be A Contrarian Investment Right Now
Notes From the Field By Simon Black/James Hickman March 5, 2024
[Important Reminder: (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]
It’s hard to say with a straight face that an asset hovering near its all-time high could be a “contrarian” investment. But I’m going to say it anyhow-- I think gold may be a contrarian play right now.
Now, it would be easy to assume that gold is near its all-time high because everyone is buying. And normally that would be true; typically, whenever an asset soars to a record high, it’s because individual investors are piling into the market.
We’ve seen this countless times, from Bitcoin to meme stocks; once something becomes the hot thing to own, small investors-- and occasionally professionally managed funds-- drive the price higher.
But that’s not happening with gold. In fact, investors have been abandoning gold for years.
Publicly available data from more than 100 gold ETFs (all of which are conveniently aggregated by the World Gold Council) show that western investors have been selling off their gold ETFs for most of the past few years.
WGC data show that North American and European investors dumped over 700 metric tons of gold since May of 2022, equivalent to nearly 20% of ETF holdings.
In fact, outflows for the month of January alone (the most recent month of published data) totaled more than 50 metric tons-- the second highest outflow in a year.
Most notably, however, North American, and European investors dumped 179.6 metric tons of gold September 2023 through January 2024.
This is important, because during that time period, the price of gold surged from $1820 per ounce to nearly $2100.
Strange, right? If investors were selling off substantial quantities of gold, it seems like the price should have fallen. Instead, it rose 15%. How is that possible?
Well, the reason that gold keeps going higher is because, while individual investors are selling, there’s another group that’s buying.
In fact, this group of buyers is completely price insensitive. They don’t care how much they pay per ounce. They are not even looking for a return on investment. And they have mountains of cash to spend.
The group of buyers I’m talking about is central banks and governments.
And not just the usual suspects like China and Russia either (though China did buy more than 200 metric tons in 2023). Others like Poland, India, Singapore, Czech Republic, Philippines… and even Iraq.
To me this is an obvious signal that the global financial system is probably going to change sooner rather than later. And long-time readers know we have been writing about this for years.
Reserve currencies throughout history have always come and gone.
There was a time when the Greek drachma dominated trade and commerce in the Mediterranean (due in large part to the conquests of Alexander the Great). It was displaced by the Roman denarius, then the Byzantine gold solidus, then the Venetian ducat.
Reserve currencies rise to prominence because people have confidence in the issuer, i.e. the Roman Empire, or the Republic of Venice, or the Spanish Empire.
But eventually that confidence wanes-- especially as the empire debases its currency and runs up massive debts.
That’s the situation the United States is in right now.
The national debt is already $34.4 trillion. And the Congressional Budget Office expects it to rise by at least $20 trillion over the next decade.
The dollar became the global reserve currency back in 1944 when there were no other nations to rival the US.
The US was the only country that hadn’t been completely obliterated by war. It boasted the largest, freest, most productive economy. It possessed the best technology and manufacturing capacity. It had the largest pool of savings.
And it also had one of the world’s largest and most rapidly growing populations.
Yet even with such an impressive socioeconomic resume, the rest of the world wasn’t willing to blindly trust the US government with the world’s reserve currency… not without first putting some critical checks and balances in place.
First, while other nations agreed to fix their currencies to the US dollar, the US agreed to fix the dollar to gold at a rate of $35 per troy ounce.
And second, the US government had to guarantee that the dollar would be freely convertible to gold; that way, if any nation ever lost confidence in the Treasury Department or Federal Reserve, they could easily redeem their dollars for gold.
This is a pretty critical point to understand: immediately following World War II, the US was at the peak of its power. Every other developed nation on earth had been devastated by the war. Farms and factories had been destroyed. Chaos and hunger were rampant. Entire governments had been toppled.
Yet even with such a tremendous power imbalance (i.e. the US was in pristine condition compared to Europe), allied nations still weren’t willing to go all-in on the US dollar. And they demanded the gold convertibility as a guarantee.
That was 80 years ago. And it’s safe to say that the US is nowhere near the peak of its geopolitical power anymore. Adversary nations are everywhere, and the US government’s finances are an embarrassing catastrophe.
When I see central banks buying up gold at record high prices, this suggests to me that they are preparing for a new global financial system-- one that is based on gold instead of the US dollar.
After all, this is the most logical scenario.
It would be naive (and deliberately ignorant of history) to believe that the dollar will go on indefinitely as the world’s dominant reserve currency, given the pitiful trend of US government finances. Even the IMF has called for a reset in the global financial system.
It’s also hard to believe that any new financial system would be centered on a Chinese currency; no one trusts the CCP, nor should they.
Gold is the most viable option to replace the dollar as the global reserve currency because it doesn’t require any convincing. Governments and central banks all over the world already own gold, just as they have for thousands of years.
And it’s a lot easier for everyone to have confidence in an asset class that no single nation controls.
Given the trend of their large-scale gold purchases, it appears that foreign governments and central banks may be preparing for this potential new financial system.
I’ve argued before that a gold-based financial system could send prices beyond $10,000 or more.
So, yes, even though gold is near a record high, it’s important to remember that individual investors are selling at a time when central banks are gobbling it up even more quickly.
And it’s possible they’re buying for a very deliberate reason.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
Goldilocks' Comments and Global Economic News Late Monday 3-4-24
Goldilocks' Comments and Global Economic News Late Monday 3-4-24
Good Evening Dinar Recaps,
I am aware that we have a back screen rate people have been sharing on the dinar indicating movement in the IQD. It is good to know that there is one.
Now, you can stop doubting that this is real.
Keep your eyes on gold, silver, and oil to solar sections of the Debt Clock. These numbers will be the foundation assets to the new economy, and they are numbers we need to see in order to formulate real values across all market sectors.
All roads lead to gold, and gold will set us free.
© Goldilocks
~~~~~~~~~~
Goldilocks' Comments and Global Economic News Late Monday 3-4-24
Good Evening Dinar Recaps,
I am aware that we have a back screen rate people have been sharing on the dinar indicating movement in the IQD. It is good to know that there is one.
Now, you can stop doubting that this is real.
Keep your eyes on gold, silver, and oil to solar sections of the Debt Clock. These numbers will be the foundation assets to the new economy, and they are numbers we need to see in order to formulate real values across all market sectors.
All roads lead to gold, and gold will set us free.
© Goldilocks
~~~~~~~~~~
U.S. National Debt Clock : Real Time | US Debt Clock
~~~~~~~~~~
Monday Night Team call with
Texas Snake and Bob Lock: Focus on Planning
Time: 9 pm ET, 8 pm CT, 6pm PT Team Call Live Link
The calls are recorded and in the Archive room Link
~~~~~~~~~~
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