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Goldilocks' Comments and Global Economic News Saturday AM 4-6-24

Goldilocks' Comments and Global Economic News Saturday AM 4-6-24

Good Morning Dinar Recaps,

What Is QFS? How Will It Replace Traditional Banking Systems? |  The Market Periodical 

Pamela shares Goldilock's above article on 'What Is QFS? How Will It Replace Traditional Banking Systems?'.  Pamela goes over the article in this recording.  You can find the article in the Start Here group under the Learning topic as well as Goldilocks' room.  The links are shared below.  

Recording Below

Goldilocks' Comments and Global Economic News Saturday AM 4-6-24

Good Morning Dinar Recaps,

What Is QFS? How Will It Replace Traditional Banking Systems? |  The Market Periodical 

Pamela shares Goldilock's above article on 'What Is QFS? How Will It Replace Traditional Banking Systems?'.  Pamela goes over the article in this recording.  You can find the article in the Start Here group under the Learning topic as well as Goldilocks' room.  The links are shared below.  

Recording Below

Disclaimer:
This is not professional advice, nor is it implying financial advice, nor is it legal advice.  Please do your own research.   

Start Here and Currency Info

Goldilocks' Telegram Room

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Analyst Says XRP and XLM Will Melt Faces Soon, Projecting 20X Rally to $13 | The Crypto Basics

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BREAKING NEWS ZIM Global Currency Shift | Youtube

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Uphold confirms XRP withdrawals to USD via FedNow for US users with participating banks.

While not entirely new, this development highlights the growing connection between cryptocurrencies and traditional finance.

Unclear details remain regarding the specifics of the partnership and XRP's role within the FedNow network.

Cryptocurrency enthusiasts are buzzing with excitement as Uphold (https://coinpedia.org/news/ripple-payment-is-now-available-on-uphold-platform-for-institutional-investors/), a major U.S. crypto exchange, confirms a groundbreaking development: FedNow, the payment system of the U.S. Federal Reserve, now facilitates instant XRP withdrawals directly to select U.S. bank accounts. This advancement allows users to seamlessly convert their XRP to USD and withdraw funds instantly.  Coinpedia

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Goldilocks' Comments and Global Economic News Friday Afternoon 4-5-24

 Goldilocks' Comments and Global Economic News Friday Afternoon 4-5-24

Good Afternoon Dinar Recaps,

Ripple's new stablecoin which is expected to be launched later this year will expand into several different Global Networks.

On a broader scale, Ripple's new stablecoin will allow them to create demand for their coin on centralized and decentralized platforms.

One platform utilizes the traditional model of centralized banking exchanges, and the other utilizes peer-to-peer transactions that can be held in a private exchange.

This will expand the use of Ripple coin among all users going forward who wish to utilize the network of Ripple coin in their transactions.

 Goldilocks' Comments and Global Economic News Friday Afternoon 4-5-24

Good Afternoon Dinar Recaps,

Ripple's new stablecoin which is expected to be launched later this year will expand into several different Global Networks.

On a broader scale, Ripple's new stablecoin will allow them to create demand for their coin on centralized and decentralized platforms.

One platform utilizes the traditional model of centralized banking exchanges, and the other utilizes peer-to-peer transactions that can be held in a private exchange.

This will expand the use of Ripple coin among all users going forward who wish to utilize the network of Ripple coin in their transactions.

The XRP Ledger can be utilized in both transactions (centralized and decentralized networks) that will include the use of this aspect of their company as well. The US stablecoin is not the only country that Ripple would like to utilize this new stablecoin service going forward.

It is a move that expands the use of Ripple coin diversifying its capabilities among institutions and private buyers who wish to utilize its speed and easy scalability on the new QFS.  
Business Wire   CNBC   Investopedia


© Goldilocks

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Since Ripple's stablecoin is going to be backed 100% by US dollar deposits, they are agreeing to go through monthly audits. It is something that the banking system does as well. This lines Ripple up with the banking system and shows their willingness to be completely transparent.

The alignment between cryptocurrency and the traditional banking system forming an alliance such as this gives each of us and much clearer understanding of how payment systems will be settled inside a new digital economy through Ripple.

The importance of this move cannot be overstated. I can only tell you it is a move that will change the banking system forever.   Coindesk

© Goldilocks

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4/5/2024  Good Morning,

I hope everyone is doing well and looking forward to their weekend. I wanted to go over the importance of Ripple's announcement this week in launching a new stablecoin backed 100% by US deposits.

This aligns Ripple as a settlement token between deposits, trades, and banking exchanges. Just like the banking system, Ripple intends to be audited once a month to show transparency of their Network System.

This not only shows that the banking system is becoming digitized, it shows that our Protocol 20 tokenized assets will soon be able to be processed through the new Digital Banking System.

This is a slow roll out, but it is moving forward. Nothing is holding us back, and we are moving forward as new networks are interfaced onto the new Quantum Financial System.

This is currently where we are in the integration of the new digital banking system. Traditional banking system is currently being digitized. Everything will be tokenized going forward. This will allow us to hold real values in our new banking system that can be processed through Quantum Technologies.

Tomorrow night, there will be a Saturday Night Live call giving you an update on where we are in the new Digital Banking System. Jester and Freedom Fighter do an excellent job explaining where we are in the movement and transition into our new economy that leads to our revaluation of all assets across the markets including Forex.

Do make time for this important event on Saturday night, a transition of this magnitude has shifted our economy. And, many people will overlook the magnitude of this announcement. This is why it is important to listen to as many perspectives on this shift as possible as we collectively move our money onto the QFS.    Saturday Night Live 

© Goldilocks

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"LUANG PRABANG — Việt Nam's Minister of Finance and Central Bank Governor and other ASEAN counterparts engage in discussions with international business councils to strengthen financial ties and promote sustainable growth in the region."

Vietnam is currently engaged in monetary policy and monetary cooperation initiative changes.

They are currently taking active steps to be more inclusive on the international stage in terms of market growth and commitment to sustaining that growth with partnerships that will enable them to improve economical standards of living.

Their new Basel 3 compliant banks will allow them to show collateralization and the ability to make higher volume trades than before through proof of the ability to transact on both sides of a trade.

As Vietnam continues to expand their economy, these new demands on their currency will justify new price actions on their currency.  Vietnam News

© Goldilocks

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Financial Services Authority of Indonesia Announcement:

"The Financial Services Authority of Indonesia said Indonesia's economy has recovered from the pandemic and banks have strong capital, sufficient liquidity and good risk management."


Indonesia is Basel 3 compliant.
 This will allow their movement into less pandemic support, and into measures that support their own economy through the new digital asset-based trading system.

The new digital economy will require a gold backing to service the needs of the new cryptos they are in the process of testing and going through approval for the development of their new economy.  Coin Telegraph   WHO

© Goldilocks

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A New Digital Core for Banks | Huawei Enterprise |  Huawei

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The Fed - Tokenized Assets on Public Blockchains: How Transparent is the Blockchain? | The Federal Reserve

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Office CRE Mess Keeps Getting Worse, Massive Repricing Underway | Wolf Street

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Mexico Approves Bill Regarding Electronic Financial Transactions | Insights | Holland & Knight

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Federal Reserve Refuses To Provide Records Of Foreign Gold Holdings | ZeroHedge

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Cooperation not competition is the driving force of the new economy.

© Goldilocks

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Goldilocks' Comments and Global Economic News Thursday Evening 4-4-24

Goldilocks' Comments and Global Economic News Thursday Evening 4-4-24

Good Evening Dinar Recaps,

"On April 1, ISDA submitted comments on the Commodity Futures Trading Commission’s (CFTC) notice of proposed rulemaking on requirements to establish an Operational Resilience Framework for Futures Commission Merchants, Swap Dealers and Major Swap Participants, which was published in the Federal Register on January 24, 2024."

The International Swaps and Derivatives Association examines risks and resilience inside the derivatives Market. There were three stages to go through when being considered for implementation in government protocols. The ISDA is now on their final stage/phase.

All comments and questions have been turned into the CFTC who will govern and process swap dealers going forward. At this time, all of the information gathered in research and comment phases are now going to be put before the Operational Resilience Framework.

Goldilocks' Comments and Global Economic News Thursday Evening 4-4-24

Good Evening Dinar Recaps,

"On April 1, ISDA submitted comments on the Commodity Futures Trading Commission’s (CFTC) notice of proposed rulemaking on requirements to establish an Operational Resilience Framework for Futures Commission Merchants, Swap Dealers and Major Swap Participants, which was published in the Federal Register on January 24, 2024."

The International Swaps and Derivatives Association examines risks and resilience inside the derivatives Market. There were three stages to go through when being considered for implementation in government protocols. The ISDA is now on their final stage/phase.

All comments and questions have been turned into the CFTC who will govern and process swap dealers going forward. At this time, all of the information gathered in research and comment phases are now going to be put before the Operational Resilience Framework.

The ORF will take their collected data, organize it, and bring it before the Market Risk Advisory Committee Meeting on April 9, 2024.

If passed by the CFTC, they will be able to move forward with new guidelines governing and directing our new digital economy inside the digital derivative markets that includes foreign currency exchanges. ISDA   CFTC 

© Goldilocks

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"Project Agorá (Greek for "marketplace") brings together seven central banks: Bank of France (representing the Eurosystem), Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of England and the Federal Reserve Bank of New York."

Project Agorá is currently working with Central Banks and Banking sectors to test and explore the use of tokenization in cross-border payments. This will be done in partnership with a large group of private investors inside The Institute of International Finance.

The IIF is comprised of commercial and investment Banks, asset managers, insurance companies, professional services firms, EXCHANGES, sovereign wealth funds, hedge funds, Central Banks, and Development Banks.

This pretty much covers most of the international payment sources from around the world. There are three major requirements that will be explored in cross-border payments:

"Project Agorá will explore how tokenisation of wholesale central bank money and commercial bank deposits on programmable platforms can improve the monetary system.

The project will explore how tokenisation and smart contracts could enable functionalities and transactions that are not viable today.

The primary area of exploration will be to increase the speed and integrity of international payments while lowering costs."

As you can see, we have a lot of conversations taking place around cross-border payments which include foreign currency exchanges that are still in development.

As we proceed further into the global regulation of crypto assets and markets, these major Financial Institutions from around the world will be exploring and placing their input into the final regulations taking place at the end of May in Europe.

If this date is not moved back, we will be looking at moving forward on an International level with our new digital economy.   BIS 1    BIS 2   IIF

© Goldilocks

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A RESURFACED speech from Chinese President Xi Jinping suggests policymakers may start trading government bonds to regulate liquidity in the market, pushing the nation towards strategies used by the US Federal Reserve and other major central banks around the world.

Xi’s call for the People’s Bank of China (PBOC) to “gradually increase the buying and selling of government bonds” in its open market operations sparked a frenzy of speculation among traders last week. The remarks – made in October but publicised recently in a new book and newspaper article – may hint at a policy pivot for a central bank that has not made a significant bond purchase since 2007.

“Central banks in other countries generally use government bonds, or sovereign credit, as a basis to issue money,” said Liu Lei, a researcher at the National Institution for Finance and Development, a state think tank advising government agencies in China. “This is a necessary path for China’s central bank and monetary system to move into modern times.”   Business Times

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China is beginning to signal a policy change in the buying and selling of government bonds. They are beginning to indicate the desire to sell their bonds to prop up their currency which is a tactic the US currently utilizes.

Japan is also considering this tactic, and other countries will witness the benefits of these changes.

One thing is for certain, it will change the dynamics of trade between countries going forward. This move will indicate a global shift in the way many countries will begin utilizing the same measures that the US does in trade and banking within their own countries.

When we see this trend begin to take place, it will begin putting price pressures on exchange rates going forward and many will begin to move into real values.  Investopedia  Linkedin   Business Times

© Goldilocks

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Great expectations: How treasury bonds and interest rate changes impact currencies |  OFX (US)

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"This bank will issue bonds ( Enjaz ) on behalf of the Ministry of Finance."

👆 Do you see what's going on here? Someone is about to sell government bonds to prop up their currency. A pattern is forming among countries.  CBI

© Goldilocks

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The East is beginning to move/control the price of gold over the dollar. Is gold about to decouple from the dollar?

And, Ripple is launching their own stablecoin as a bridge asset. Ripple is a liquidity coin that can bridge payments between two countries' currencies.

Ripple is capable of moving the Central Bank Digital Coin/Gold from one country to the next.

Is Ripple the next World Reserve Asset backed by gold? In the new Financial System, "All roads lead to Digital Gold, and Digital Gold will set us free."    CNBC


© Goldilocks

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"All roads lead to Digital Gold, and Digital Gold will set us free."

© Goldilocks

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IQD REER/NEER Exchange Rates at $1.00 USD | Youtube

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Where the U.S. Dollar May Be Headed in 2024 | Charles Schwab

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Apple Exploring 'Mobile Robot' That 'Follows Users Around Their Homes' - MacRumors

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Is The Silver Market Breaking Out? - InvestingHaven

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Blockchain firm Ripple said it's launching a U.S. dollar stablecoin, marking an entry into the $150 billion stablecoin market. The move will pit Ripple against stablecoin giants Tether, which is behind the largest stablecoin UDST, and Circle, the issuer of USDC.   4 hours ago NBC Connecticut


👆 This is very important, and I am looking into it with some of my developer friends. It is a Historical Moment.

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Shanghai, China 🇨🇳 trading Gold at $2,368 and Silver at $29.29 an ounce | Twitter
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TABLES TURNED: Yellen Is Back To China As the US Feels Threatened by China's Manufacturers | Youtube

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Goldilocks' Comments and Global Economic News Thursday AM 4-4-24

Goldilocks' Comments and Global Economic News Thursday AM 4-4-24

Good Morning Dinar Recaps,

Zimbabwe has set its sights on joining the New Development Bank (NDB), an institution established by the BRICS economic bloc. Persistence Gwanyanya, a prominent economist and member of the Reserve Bank of Zimbabwe’s monetary policy committee, confirmed the country’s application in a recent interview with The Herald.

“We have applied to join the New BRICS Development Bank,” Gwanyanya said. He expressed optimism about Zimbabwe’s application, citing support from BRICS members Brazil, Russia, and South Africa.

Gwanyanya clarified that Zimbabwe’s pursuit of NDB membership does not preclude its aspirations to join the BRICS alliance itself. “Zimbabwe, like many African nations, is committed to achieving sustainable economic growth and transformation through continental integration,” he explained. “We value our collaboration with BRICS partners in fulfilling our market integration goals.” Daily News Egypt

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Goldilocks' Comments and Global Economic News Thursday AM 4-4-24

Good Morning Dinar Recaps,

Zimbabwe has set its sights on joining the New Development Bank (NDB), an institution established by the BRICS economic bloc. Persistence Gwanyanya, a prominent economist and member of the Reserve Bank of Zimbabwe’s monetary policy committee, confirmed the country’s application in a recent interview with The Herald.

“We have applied to join the New BRICS Development Bank,” Gwanyanya said. He expressed optimism about Zimbabwe’s application, citing support from BRICS members Brazil, Russia, and South Africa.

Gwanyanya clarified that Zimbabwe’s pursuit of NDB membership does not preclude its aspirations to join the BRICS alliance itself. “Zimbabwe, like many African nations, is committed to achieving sustainable economic growth and transformation through continental integration,” he explained. “We value our collaboration with BRICS partners in fulfilling our market integration goals.” Daily News Egypt

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The BRICS alliance may be preparing a big announcement at the upcoming summit. In fact, with more interested nations awaiting invitations, all eyes will be on which nations will receive formal invitations to join the newly expanded BRICS+.

Nations looking to ditch the US dollar and join the growing bloc hope the summit will also include talks on enlargement.   Slobodenpecat

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MOSCOW, April 3 2024

"Russia's finance ministry said on Wednesday that it would more than double its purchases of foreign currency and gold in the month ahead, thanks in part to higher than expected income tax receipts."


Gold is an indicator of the health in a countries' economic system. In a free market system, gold is seen as a currency.

Through accumulating foreign assets, a central bank can level off the contraction in consumption following a sudden stop in capital flows.

If you have been paying close attention to what we have been talking about the last few months, you know what this article is talking about and what it means.

Russia is preparing for a currency intervention, but they are not the only country doing the same. Currency interventions are on the way, and countries are preparing for this shift.

Countries utilize this particular mechanism in resetting the values of world currencies.

Governments often try to influence their exchange rates through the buying and selling of their currencies among other countries.

Governments and Central Banks participate in these exchanges to determine a manageable exchange rate.

The accumulation of gold by various countries' Central Banks will create new values as they are exchanged to justify new price actions going forward.  Market Screener   Open Lib   Oreilly

Look out. Here we come.

© Goldilocks

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When a country buys gold, they are adding net worth to the value of their own currencies.

Through the act of trading currencies with added value to their own currencies (revenue) inside the central bank backed by gold, exchanging them with other foreign currencies solidifies new price patterns.

Foreign currency exchanges become a way of securing these new price patterns on the market and inside the banking system.

© Goldilocks

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Everyone wants to know when an RV will take place. ASK THE MARKETS.

© Goldilocks

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Just a reminder my friends. There may be higher sources out there beyond Isaac, but we don't go until he does.

© Goldilocks

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Chase Launches Chase Media Solutions, a New Digital Media Business, Connecting 80 Million U.S. Consumers with the Brands They Love | Chase Media

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When MICA completes regulations on May 28th, 2024, the new Digital Economy will begin moving into real values.

© Goldilocks

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The global bitcoin mining company will harness wind and solar energy from West Texas to expand its operations. | Bitcoin Magazine

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Goldilocks' Comments and Global Economic News Wednesday Afternoon 4-3-24

Goldilocks' Comments and Global Economic News Wednesday Afternoon 4-3-24


Good Afternoon Dinar Recaps,

Executive Order 13303 Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has An Interest.

Signed by   GEORGE W. BUSH THE WHITE HOUSE, May 22, 2003.   Executive Order 13303

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EXECUTIVE ORDER 13303 HAS BEEN LIFTED:

"Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has an Interest"

The lifting of this executive order 13303 and the movement from that account to an Iraqi2 account allows Iraq to trade their oil revenue payments in the Iraqi dinar, instead of, the dollar.

The protections of the United States Dollar mechanisms is no longer needed for Iraq since they are integrated into the Digital Asset Based Trading System at this point.

We just recently witnessed their auctions being done successfully on these new digital mechanisms, and it secured their money in the transfers very well.

Goldilocks' Comments and Global Economic News Wednesday Afternoon 4-3-24


Good Afternoon Dinar Recaps,

Executive Order 13303 Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has An Interest.

Signed by   GEORGE W. BUSH THE WHITE HOUSE, May 22, 2003.   Executive Order 13303

~~~~~~~~~

EXECUTIVE ORDER 13303 HAS BEEN LIFTED:

"Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has an Interest"

The lifting of this executive order 13303 and the movement from that account to an Iraqi2 account allows Iraq to trade their oil revenue payments in the Iraqi dinar, instead of, the dollar.

The protections of the United States Dollar mechanisms is no longer needed for Iraq since they are integrated into the Digital Asset Based Trading System at this point.

We just recently witnessed their auctions being done successfully on these new digital mechanisms, and it secured their money in the transfers very well.

The oil production of Iraq will now be traded in the Iraqi Dinar. It will begin to place price pressures and demand for the Iraqi Dinar going forward. Let's take a look at the areas of disbursements this will affect for Iraq. See below paragraph.

"Disbursements: To date, disbursements from the DFI have been in support of the wheat purchase program, the currency exchange program, the electricity and oil infrastructure programs, equipment for Iraqis security forces, and for Iraqi civil service salaries and ministry budget operations."

These new demands now being traded in the Iraqi dinar will create price pressures that form new price actions on the market. Appreciations on a country's currency making these moves are expected.
Kurdistan24    OFAC Treasury    GovInfo Library


Watch the water.

© Goldilocks

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Research at the Central Bank of Iraq revealed a decrease in the ratio of non-performing loans to total credit.

The Department of Statistics and Research said that the ratio of non-performing loans to total cash credit witnessed a decline, reaching (6.3%) during the year 2023, compared to (7.2%) in 2022, while in 2021 it recorded (8.8%) and in 2020.

It reached (8.9%), and the department added that the ratio of non-performing loans to total deposits for the year 2023 recorded a rate of (3.2%) compared to the last three years, as it was recorded in 2022 (3.4%), while in 2021 it reached (4.9%) while It was (5.2%) in 2020.

The Central Bank of Iraq confirms that this percentage is an indicator of the efficiency of the Iraqi banking sector in its endeavor to develop its products and adopt new methods and advanced systems for granting credit and reducing the risks of default in accordance with the contexts followed globally.
 
Central Bank of Iraq  information Office  4/3/2024  
https://cbi.iq/news/view/2542

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WORLD SILVER SURVEY 2024
Posted on 11 08, 2023
"World Silver Survey, the Silver Institute’s most influential publication will be released on April 17 in New York City and April 19, 2024 in Mexico City. The Institute will issue a press release with the report’s findings on the 17th and post the 2024 edition to our website. A library of past Survey’s can be found here: World Silver Survey Library (https://www.silverinstitute.org/all-world-silver-surveys/)."

Here is what you can expect. There is a strong expectation that we currently have a short squeeze taking place in the silver market.

This will affect the Banking System as so many trades back and forth daily on the COMEX paper trades have propped the system up.   Silver Institute

Are we about to see a second decoupling event in the Commodity Market?

Hi ho Silver. Away.

© Goldilocks

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We have seen a decoupling event in copper, silver is in the process, and gold is around the corner.

These are the Commodity Assets that supports our Global Economies.

When they are free to find their real values, the movement into the new digital asset based trading system will have a new liquidity base for real values.

© Goldilocks

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For new prices on Silver and Gold. Watch the US Debt Clock.  https://www.usdebtclock.org/

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Hong Kong Banking Announcement:

HKMA is in the process of providing guidance for their banking system on the adoption of a Digital Ledger Transmission system.


The DLT will allow Tokenized Assets from their Markets to be processed through their banking system - digitally.

On the retail side, it will help their point of sales purchases inside their local economy.

It is also important to note that Hong Kong has already gone through crypto regulations in their Stablecoin which represents their currencies that were tested and approved by many countries to work with them in trade.  Ledger Insights   LeeWayHertz   Wikipedia

The last article below will give you an idea of their trading partners.

© Goldilocks

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Do you remember the words sewn on to your clothes? "Made in Hong Kong." They trade in sooooooo many countries around the world.

Now, reread the above article on Hong Kong, and you will see why this is so important.

© Goldilocks

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THE SILVER BREAKOUT: Off To $48? | Mike Maloney & Tavi Costa | Youtube

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Take a close look at silver's cup and handle formation.  Right behind it is a coil.

Silver is on the cusp of a breakout. This cup and handle has been forming on Silver for over 47 years.

This shift is very close to the time when we moved from a gold standard to a fiat system.

It has been one of the indicators to watch for traders that will allow us to know when the next system is close in hand.

As we continue to transition into a new digital economy, it will be the commodity bull market that will lead the way.

© Goldilocks

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20% Yield On XRP AMM | Youtube

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Stablecoin Expansion Continues Even as Bitcoin (BTC) Rally Appears to Stall | Coindesk

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Goldilocks' Comments and Global Economic News Tuesday Evening 4-2-24

Goldilocks' Comments and Global Economic News Tuesday Evening 4-2-24
Good Evening Dinar Recaps,

FEDNOW Announcement:

“The Fed has definitely piqued the interest of the banks and the credit unions,” Brown said. 


FEDNOW has two banking rails up and running in the United States that are capable of doing instant payments, and they expect more to follow in the coming months.

FEDNOW has some financial institutions that have functional status inside an instant payment mechanism. They're still looking for mass adoption after a period of testing it's capabilities.

Marketing for this functional service is just beginning to happen, and they do expect more companies and banks to adopt this much-needed service.

This service is expected to reach all community Banks in the United States and begin competing with other services that will see its benefits including healthcare.

Healthcare has much to gain by adopting this service due to a patient's need for instant information data sharing that is safe and secure during times of emergency.   Pymnts

© Goldilocks

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Goldilocks' Comments and Global Economic News Tuesday Evening 4-2-24
Good Evening Dinar Recaps,

FEDNOW Announcement:

“The Fed has definitely piqued the interest of the banks and the credit unions,” Brown said. 


FEDNOW has two banking rails up and running in the United States that are capable of doing instant payments, and they expect more to follow in the coming months.

FEDNOW has some financial institutions that have functional status inside an instant payment mechanism. They're still looking for mass adoption after a period of testing it's capabilities.

Marketing for this functional service is just beginning to happen, and they do expect more companies and banks to adopt this much-needed service.

This service is expected to reach all community Banks in the United States and begin competing with other services that will see its benefits including healthcare.

Healthcare has much to gain by adopting this service due to a patient's need for instant information data sharing that is safe and secure during times of emergency.   Pymnts

© Goldilocks

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"Japan’s government will issue 20 trillion yen ($133 billion) in transition bonds over the next decade, throwing the emerging global market wide open. Such exponential growth is huge compared to the $7 billion raised since 2020."

Japan is quickly moving into a transitional strategy through cutting emissions in the air and reducing fossil fuel. This will require investor confidence which is well underway by many whales and institutions surrounding these new ventures.

And, Japan intends to scale energy options research, comparative analysis, and measurements of various forms of energy.

These green initiatives in the form of green bonds and other tokenized assets will provide much needed liquidity to shape our world inside a new clean environment and digital processes that will allow us to walk into a new world.

Here, we are getting a first look at what is taking place to shape our new world.

© Goldilocks
METI
SPECTRA
Study Smarter

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What are Real-Time Payments (RTP)? - Modern Treasury

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Introducing Digital Inheritance with Vault12 | Youtube

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Coal consumption in the US plunged another 17.4% in 2023 from the prior year, to 426 million short tons, the lowest since 1963 (red line in the chart), according to data from the Energy Department’s EIA today. Coal consumption by tonnage peaked in 2007. But by energy content, coal consumption peaked in 2005 at 22.79 quadrillion Btu.   WolfStreet

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Saudi Arabia targets historic green bond sales for projects | Retail – Gulf News

~~~~~~~~~

A MESSAGE FROM SAM OLIVER ON GOLD

Gold is currently consolidating at an all-time high price. And consolidation means that it is solidifying the support and justifying the support of where it is now, recognizing that future trades will come at a much higher demand going forward. These demands will increase the price of gold.

 It is also known at this time that it is the transition into the next economy, one of which that will be a transition into a gold standard through a digital asset protocol. These moves in and of themselves justifies the move into the tokenized asset digital economy. And because of these moves, the adoption and the support of gold to make this transition not only will become necessary, but inevitable.

So many of these institutions and companies and governments are continuing to buy gold because they see that as an asset of transitory nature, but they also see it as an asset of power going forward.

So you're going to see some competition between governments moving forward. This will cause the price of gold to continue to climb, and at some point it will carry silver along with it, as we especially move into more solar power for all countries around the world.

In fact, you're seeing less use for fossil fuel, and it seems to be that we are starting to leave behind the necessity of fossil fuel and moving into a transitional phase of more electric power.

 So, as we go forward, we're going to continue to watch the price of gold and its demand and its new use case scenarios in this new world. The digital world is bringing forth many clean initiatives around the world that will be placing green bonds and opportunities for countries to grow into new jobs and new opportunities that will surround these new green initiatives. as our society continues to grow into a new dimension of living that we have never seen before in history.

It is a time of which change and openness to change is going to demand what is highest in us, to become creative creators in this new age of creativity. I hope you have a wonderful day. This is my take on it this week in hopes that you will understand why the importance of gold for the new liquidity inside our new economy is the bridge to what we've been looking for, but it is also the bridge into future hopes and dreams of all of us.    https://t.me/c/1545617426/75947

~~~~~~~~~

Introducing Digital Inheritance with Vault12 | Youtube

~~~~~~~~~

Climate bonds toward achieving net zero emissions and carbon neutrality: Evidence from machine learning technique - ScienceDirect

~~~~~~~~~

Transition Finance | Youtube

~~~~~~~~~

Japan Bank Launches First Deposit-Backed Stablecoin ‘Tochika’

This stablecoin is secured by deposits and can be utilized for spending convenience at participating merchants. Furthermore, the move is groundbreaking as Japan is a country where cash still reigns supreme.


Hence, Hokkoku aims to entice retail businesses by offering a competitive merchant rate of just 0.5% for cashless transactions through the app.

Additionally, the bank seeks to persuade companies issuing paper gift certificates to transition to the digital realm by embracing point-based transactions facilitated by the app.   CoinGape
~~~~~~~~~

Singapore, 2 April 2024… The Monetary Authority of Singapore (MAS) today introduced amendments to the Payment Services Act (PS Act) and its subsidiary legislation to expand the scope of payment services regulated by MAS, and to impose user protection and financial stability-related requirements on digital payment token (DPT) service providers. These amendments will take effect in stages from 4 April 2024. [1]

2  The amendments will bring the following activities within the scope of regulation under the PS Act:
(i) Provision of custodial services for DPTs;
(ii) Facilitation of the transmission of DPTs between accounts and facilitation of the exchange of DPTs, even where the service provider does not come into possession of the moneys or DPTs; and
(iii) Facilitation of cross-border money transfer between different countries, even where moneys are not accepted or received in Singapore.

3  The amendments will empower MAS to impose requirements relating to anti-money laundering and countering the financing of terrorism, user protection and financial stability on DPT service providers.

4  Transitional arrangements will be provided for entities currently conducting activities under the PS Act’s expanded scope. Such entities must notify MAS within 30 days, and submit a licence application within six months from 4 April 2024, if they wish to continue the activities on a temporary basis while MAS reviews their licence applications.

The licence application must be accompanied by an attestation report of the entity’s business activities and compliance with anti-money laundering and countering the financing of terrorism requirements, duly completed by a qualified external auditor, within nine months from 4 April 2024.

5  Entities that do not fulfil the requirements above are required to cease the activities when the amendments come into effect.

6  The amended Payment Services Regulations on safeguarding of assets belonging to customers of DPT service providers [2] (https://www.mas.gov.sg/news/media-releases/2024/mas-expands-scope-of-regulated-payment-services#2) will take effect six months from 4 April 2024. These include segregating customers’ assets and placing them in a trust account for the benefit of customers, maintaining proper books and records, and ensuring that effective systems and controls are in place to protect the integrity and security of customers’ assets.   Monetary Authority of Singapore

~~~~~~~~~

Navigating Regulatory Change: An Insight into PRA’s Policy Statements on Basel 3.1 Standards | Insights | UK Finance

~~~~~~~~~

The cryptocurrency market is witnessing a significant migration of investors from the recent Green Bitcoin presale sold out to BlockDAG’s (BDAG) presale, which indicates the evolving preferences and strategies among digital asset investors.   TimesTabloid

~~~~~~~~~

5 Reasons Why: Gold is Green | The Assay
~~~~~~~~~

15 Awesome Uses of Gold [Definitive List] | PhysicalGold

~~~~~~~~~

"Gold Futures Soar to Historic Highs: Eyes on Inflation, GDP Data for Next Move" | Investing

~~~~~~~~~

We are heading into a huge tailwind at any moment. A full-blown liquidity crisis will be met with the implementation of green bonds and releasing the caps on gold.

© Goldilocks

~~~~~~~~~

We are starting to see green initiatives being implemented along with the tokenization of gold. These two assets will provide liquidity for us inside the new digital asset based trading system.

© Goldilocks

~~~~~~~~~

"Sentiment and positioning indicators are near highs, JPMorgan warns" |  Investing
~~~~~~~~~

7:35 PM  Tuesday, April 2, 2024 (GMT+3)
Time in Baghdad, Iraq

Rate from 
cbi.iq  1310.00   No changes..

~~~~~~~~~

Just a reminder, no one has access to your name in my telegram room, and anybody on my list in this room will not be sold after the RV.

© Goldilocks

~~~~~~~~~

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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Monday Evening 4-1-24

Goldilocks' Comments and Global Economic News Monday Evening 4-1-24

Good Evening Dinar Recaps,

When our cryptocurrency is regulated on a Global scale at the end of May, look for all of our new Tokenized Assets go to a real value.

© Goldilocks

Posted after hours on Easter Sunday in reference to this article LINK

~~~~~~~~~

The CBI of Iraq showed us two articles from the CBI that they are not exceeding their cash credit amounts in loans given out to people and companies. These loans provide liquidity for extra capital to help their banking system run more smoothly and profitably going forward.

In talking with our CBI banking contact, their inflation has come down and the country is working within normal ranges of a growing economy. All of this is being done without a change in their exchange rate so far.

Goldilocks' Comments and Global Economic News Monday Evening 4-1-24

Good Evening Dinar Recaps,

When our cryptocurrency is regulated on a Global scale at the end of May, look for all of our new Tokenized Assets go to a real value.

© Goldilocks

Posted after hours on Easter Sunday in reference to this article LINK

~~~~~~~~~

The CBI of Iraq showed us two articles from the CBI that they are not exceeding their cash credit amounts in loans given out to people and companies. These loans provide liquidity for extra capital to help their banking system run more smoothly and profitably going forward.

In talking with our CBI banking contact, their inflation has come down and the country is working within normal ranges of a growing economy. All of this is being done without a change in their exchange rate so far.

If you look on the cbi.iq, you will notice that they still have no changes to their currency rates. One of the things that our CBI contact does discuss often is the price of gold. This is very important to all countries because the second half of the year is when interest rates are expected to be lowered by the US.

This is already taking place among other countries, but the US is still waiting to see if our inflation numbers will level off some. This does not look to be the case, and this is why a new decentralized system utilizing tokenized assets is becoming necessary.

As the United States lags behind in lowering interest rates while other countries have moved ahead, this will give some of the new local currencies being traded around the world time to gain some momentum in trade and strength.

By tokenizing all of our assets on the market, the part of that asset tokenized by gold will deflate the current inflated values we are presently experiencing on the market.

Once our tokenized assets are regulated at the end of May, we will be able to shift our attention towards a new digital payment system and a new digital asset-based economy.

At that time, you can look for our Global Markets to move into real values. What will appear to be a crash is going to be a movement into real values going forward.

From that moment forward, the new cash credit for our banking system which includes Iraqi Dinar will be based on the authentic movement of gold no longer held down by a World Reserve Asset.

Everything!

© Goldilocks

https://cbi.iq/news/view/2540

https://cbi.iq/news/view/2539

https://cleartax.in/glossary/cash-credit

~~~~~~~~~

Updated: 4/1/2024

Official Central Bank of Iraq (CBI) Dinar Rate:

1310 IQD to 1 USD

~~~~~~~~~

FATF Announcement:

The Financial Action Task Force is in the process of enacting anti-money laundering / Counter-terrorist financing requirements for Virtual asset service providers.


This is being applied to the MICA regulations currently being integrated into the new digital asset-based trading system.

It will provide an added layer of security for transactions to be cleared on both sides of a trade through digital assets inside the new Tokenized Asset Market. SEON   Financial Action Task Force

© Goldilocks

~~~~~~~~~

HSBC makes tokenized gold available to Hong Kong retail clients - Ledger Insights - blockchain for enterprise | Ledger Insights
~~~~~~~~~

Higher Inflation, Higher Rates Forever? Will the Fed Let CRE Turmoil Run its Course? Is QT Hitting Dollar Liquidity Outside the US? And More… | Wolf Street

~~~~~~~~~

At Boao Forum, Asian Central Bank Officials eye greater use of local currencies to fend off risks | Global Times
~~~~~~~~~

Gold Is Ready For New Records As Central Banks Keep Buying | FX Empire

~~~~~~~~~

We are on the brink of a dramatic change where we are about to, and I'll say this boldly, abandon the traditional system of money and accounting and introduce a new one. And the new one is what we call  blockchain.

It means digital. It means having an almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what's going on. It also raises huge dangers in terms of the balance of power between states and citizens. In my opinion, we're going to need a digital constitution of human rights if we're going to have digital money.   Bitcoin Magazine

~~~~~~~~~

A MESSAGE FROM SAM OLIVER

As a counselor for 32 years in Hospice Care, I worked with many people recovering from their loss of a loved one.

Grief creates what is called a "cognitive dissonance" inside of people. When a disconnect from reality is experienced through the loss of experiences no longer available to them is met with I continuation of living in the midst of one's despair, it can be devastating to the human psyche.

The feeling of emptiness rolls over people's hearts and minds when future expectations are met with past disappointments that did not come into fruition.

Each week, many people get their hopes up over Intel that has no basis in true economic principles in the least bit.

These subtle formations within a person's psyche erode their ability to discern right from wrong and dissipate a person's clarity in the world around them over time.

Once the power of a fantasy does not come true, a person is left with the choice to build a Foundation of Truth inside themselves. And, a sense of powerlessness washes over them until he or she rebuilds foundational truths to sustain them for the next wave of disillusionment surfaces.

Last weekend was one of those events, and many people are trying to recover until they hear that one more piece of Hope awakens something inside of themselves again giving them a reason to live.

Over time, a person can lose all sense of reality doing this over and over and over. Just know, the Seeds of Wisdom Team is here to support you the best way that we can, but you have to do your part in opening your hearts and minds into concepts of a reality forming right in front of you inside a digital asset-based trading system.    Room Link 


Sam Oliver

~~~~~~~~~

 Freedom Fighter ©

Has Iraq RV’d in country yet❓

Voice message from Freedom Fighter on Has Iraq RV’d in country yet❓

Listen Here:  https://t.me/c/1545617426/75935

~~~~~~~~~

US Fed Announces "Hybrid Digital Dollar" – Physical Currency Embedded with Microchips | Coin Chapter

 Disclaimer

We hope you enjoyed this article! Just to be clear, this is an April Fool’s Day special article. In case you are Gary Gensler, please do not blow a gasket and start throwing lawsuits everywhere. We do not need more of them. Nothing in this article is true, neither the tweet, nor the statements. Happy April Fool’s Day!

~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline

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Thank you Dinar Recaps

Read More
Economics, Goldilocks, Gold and Silver, News DINARRECAPS8 Economics, Goldilocks, Gold and Silver, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Saturday Afternoon 3-30-24

Goldilocks' Comments and Global Economic News Saturday Afternoon 3-30-24

Good Afternoon Dinar Recaps,

Japan has now signaled that officials are on standby to intervene in the market to address the yen.

Gold is at record highs in Japan.

The Bank of Japan has distorted its capital markets, and the world will feel the effects.

~~~~~~~~~

The Bank of Japan is in a very difficult position. They hold a lot of US dollars in reserve that could be utilized to prop up their own currency if they were to sell it off. The problem is that a move like this would disturb the balance of trade on a worldwide level. Shifts in the prices of other countries' currency values may start a domino effect.

Goldilocks' Comments and Global Economic News Saturday Afternoon 3-30-24

Good Afternoon Dinar Recaps,

Japan has now signaled that officials are on standby to intervene in the market to address the yen.

Gold is at record highs in Japan.

The Bank of Japan has distorted its capital markets, and the world will feel the effects.

Read: https://x.com/goldtelegraph_/status/1773887121268396146?s=46

~~~~~~~~~

The Bank of Japan is in a very difficult position. They hold a lot of US dollars in reserve that could be utilized to prop up their own currency if they were to sell it off. The problem is that a move like this would disturb the balance of trade on a worldwide level. Shifts in the prices of other countries' currency values may start a domino effect.

A stronger Yen would create a lower US Dollar if too many sales of the US dollar were to be put into the market so quickly. Normally, lowering interest rates creates more purchasing power for a country, this is currently not working for their economy. Because of this reason, a currency intervention is being contemplated.

Normal banking protocols are currently not able to pull them out of their situation at this time. They are Basel 3 compliant, and a move towards more reliance on gold as a Currency Reserve may be an option they cannot rule out at this point.

A clear backing and more gold support while selling off the dollar in small increments may be a choice that has validity at this time. Either way, the country needs to increase the value of their currency soon, and choices are becoming very limited quickly.  CNBC  Japan Times  Financial Services Agency

© Goldilocks

~~~~~~~~~

"The State Bank of Vietnam (SBV) has withdrawn nearly VND75 trillion from the banking system over the course of the last five trading sessions."

Moves like this one create a shift in trading imbalances and currency rate exchanges. And, a VND drain makes it difficult for policymakers at the Central Bank of a country be able to control the supply of money.

This will also reduce the ability of their Central Bank to intervene upon their currency. Ten of Vietnam's Commercial Banks are Basel 3 compliant, and gold will become the backing and standard for future interventions creating a more sovereign country.  Vietnam Net   EY

© Goldilocks

~~~~~~~~~

FED LEAK: Massive Storm for GOLD & SILVER - Andy Schectman | Youtube

~~~~~~~~~

Currency risks will drive gold and silver sky-high by year-end – BMO Capital Markets | Kitco

~~~~~~~~~

SGX to disclose trader positions on commodities in Q3 | XM

~~~~~~~~~

Indonesia: Crypto Products Required To Pass On Regulatory Sandbox After New Rule


OJK’s new measure requires Financial Services Institutions (FSIs) to enter new products and services in Indonesia’s regulatory sandbox. According to the reports, the regulation includes banking, insurance, and crypto companies that “are guaranteed to be suitable for use by consumers.”  Bitcoinist

~~~~~~~~~

A MESSAGE FROM SAM OLIVER on the Transition into Gold


"Gold will set you free"

https://t.me/c/1545617426/75865

~~~~~~~~~

A group of professional people posed this question to a group of 4 to 8-year-olds, 'What does love mean?' The answers they got were broader, deeper, and more profound than anyone could have ever imagined!

'When my grandmother got arthritis, she couldn't bend over and paint her toenails anymore... So my grandfather does it for her all the time, even when his hands got arthritis too. That's love.' Rebecca - age 8

'When someone loves you, the way they say your name is different. You just know that your name is safe in their mouth.' Billy - age 4

'Love is when a girl puts on perfume and a boy puts on shaving cologne and they go out and smell each other.' Karl - age 5

'Love is when you go out to eat and give somebody most of your French fries without making them give you any of theirs.' Chrissy - age 6

'Love is what makes you smile when you're tired.' Terri - age 4

'Love is when my mommy makes coffee for my daddy and she takes a sip before giving it to him, to make sure the taste is OK.' Danny - age 8

'Love is what's in the room with you at Christmas if you stop opening presents and just listen.' Bobby - age 7 (Wow!)


'If you want to learn to love better, you should start with a friend who you hate.' Nikka - age 6

(we need a few million more Nikka's on this planet)

'Love is when you tell a guy you like his shirt, then he wears it every day.' Noelle - age 7

'Love is like a little old woman and a little old man who are still friends even after they know each other so well.' Tommy - age 6

'During my piano recital, I was on a stage and I was scared. I looked at all the people watching me and saw my daddy waving and smiling.

He was the only one doing that. I wasn't scared anymore.' Cindy - age 8

'My mommy loves me more than anybody. You don't see anyone else kissing me to sleep at night.' Clare - age 6

'Love is when Mommy gives Daddy the best piece of chicken.' Elaine - age 5

'Love is when Mommy sees Daddy smelly and sweaty and still says he is handsomer than Robert Redford.' Chris - age 7

'Love is when your puppy licks your face even after you left him alone all day.' Mary Ann - age 4

'I know my older sister loves me because she gives me all her old clothes and has to go out and buy new ones.' Lauren - age 4

'When you love somebody, your eyelashes go up and down and little stars come out of you.' (what an image!) Karen - age 7


'Love is when Mommy sees Daddy on the toilet and she doesn't think it's gross...' Mark - age 6

'You really shouldn't say 'I love you' unless you mean it. But if you mean it, you should say it a lot. People forget.' Jessica - age 8

And the final one: The winner was a four-year-old child whose next-door neighbor was an elderly gentleman who had recently lost his wife. Upon seeing the man cry, the little boy went into the old gentleman's yard, climbed onto his lap, and just sat there. When his mother asked what he had said to the neighbor, the little boy said, 'Nothing, I just helped him cry.'

~~~~~~~~~

Follow Goldilocks' Roadmap

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 Goldilocks' Comments and Global Economic News Friday Evening 3-29-24

 Goldilocks' Comments and Global Economic News Friday Evening 3-29-24

Good Evening Dinar Recaps,

As we approach the MICA testing and implementation of regulating Global cryptocurrencies, Exchange Traded Notes or ETNs THAT TRACK INDEXES, BONDS AND OTHER ASSETS will soon become available on May 28th, 2024.

MICA's pilot program is expected to be done near the above date as well. This will enable us to move forward with Global Cryptocurrency Regulations.

While all of this is going on, Phase 2 of Project Aurora progresses forward along with MICA. This includes anti-money laundering (AML) mechanisms to support the new digital economy. It ensures a proof of concept application able to scale this and other pilot programs.

Project Aurora allows banks to validate investments in digital transformation, and it minimizes the risk of a costly mistake in a full-scale implementation of a project such as MICA.  BIS  Asana  RegulationAsia  Lucinity

© Goldilocks

~~~~~~~~~

 Goldilocks' Comments and Global Economic News Friday Evening 3-29-24

Good Evening Dinar Recaps,

As we approach the MICA testing and implementation of regulating Global cryptocurrencies, Exchange Traded Notes or ETNs THAT TRACK INDEXES, BONDS AND OTHER ASSETS will soon become available on May 28th, 2024.

MICA's pilot program is expected to be done near the above date as well. This will enable us to move forward with Global Cryptocurrency Regulations.

While all of this is going on, Phase 2 of Project Aurora progresses forward along with MICA. This includes anti-money laundering (AML) mechanisms to support the new digital economy. It ensures a proof of concept application able to scale this and other pilot programs.

Project Aurora allows banks to validate investments in digital transformation, and it minimizes the risk of a costly mistake in a full-scale implementation of a project such as MICA.  BIS  Asana  RegulationAsia  Lucinity

© Goldilocks

~~~~~~~~~

Look for a Ripple to begin making its move when Global Regulations are put into place along with other Tokenized Assets.

Why?

At that time, the utility will become the driving force for all our cryptocurrencies inside the new digital asset-based trading system.

Demand always creates opportunity for supply. Don't get me wrong. You have to have both supply and demand, but demand creates the need for supply and use case scenarios.

These are the things that create values for living and prices to go along with it.

© Goldilocks

~~~~~~~~~

"Citigroup strategists expect the Federal Reserve to start cutting interest rates in June, the bank said after the Personal Consumption Expenditures (PCE) for February was released today.

Citi's projections are now more in line with the Federal Reserve's expectations for the upcoming easing cycle. In a research note, the strategists said they expect Chair Jerome Powell to maintain a dovish stance despite recent hawkish signals from other Fed officials."

This would not be a surprise to me due to the fact that the lowering of rates would help kick-start the new digital economy.

MICA is expected to be completed by May 28th, 2024. It will give regulations and demands for new digital assets to commence.

A lowering of interest rates after holding back Commodity prices for years would send these new Tokenized Assets backed by gold and other Commodities through the roof.

Timing is everything my friends, and these new price pressures on Stablecoins that represent various countries' currencies would begin to put price pressures on the paper money you and I hold.

Watch for laws to govern these new Tokenized Assets to begin coming into play these next two months.

© Goldilocks
Investing News

~~~~~~~~~

 Long-run price stability could be a key feature of the gold standard, researchers with the Federal Reserve Bank of Philadelphia find. 


In their working paper, published in February, Jesu‌s Ferna‌ndez Villaverde and Daniel Sanches explore how the gold standard would operate as a monetary framework in a hypothetical small open economy. 

They argue that the price level would consistently converge to its long-run equilibrium value. Inflation and deflation would be “merely temporary phenomena”   Central Banking

~~~~~~~~~

OFAC Settlement Illustrates Sanctions Compliance Risks for Foreign Asset Managers Trading U.S. Securities | Privacy & Information Security Law Blog

~~~~~~~~~

London Stock Exchange Announcement:

The London Stock Exchange has announced the launch of a market for Bitcoin (BTC) and Ethereum (ETH) exchange-traded notes (ETN). In a notice issued on Monday, the United Kingdom’s major stock exchange said that the Crypto ETNs will be rolled out on May 28.

The stock exchange had earlier revealed that it would accept applications for the admission to trading of Bitcoin and Ethereum Crypto ETNs in the second quarter of 2024.

In the latest update, the London Stock Exchange said it will accept applications for trading these crypto ETNs from April 8, 2024.   Live Mint

~~~~~~~~~

Australia's Banking Announcement:

Australia’s High Value Clearing System Has Adopted ISO 20022  
Regulation Asia

~~~~~~~~~

Markets: Stocks finished the first quarter strong (markets are closed today for Good Friday), with the S&P 500 and Dow closing at record highs. Tech stocks continued to drive the gains this quarter, while investors were giddy that the Fed might soon cut interest rates. Sadly, fallen meme stock AMC couldn’t join the party: It dropped 14% after the movie theater chain announced a stock sale.

© The Morning Brew

~~~~~~~~~

IMF-World Bank Spring Meetings 2024 – It’s Coming | Youtube

~~~~~~~~~

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Goldilocks' Comments and Global Economic News Thursday Afternoon 3-28-24

Goldilocks' Comments and Global Economic News Thursday Afternoon 3-28-24

Good Afternoon Dinar Recaps,

"The collapse of a major bridge along a crucial trade corridor outside Baltimore idled shipping at one of the East Coast’s busiest ports, tied up coal shipments, and pushed retailers, truckers, and industrial firms to reroute shipping volumes to contain the economic fallout of the catastrophic event."

An event of this magnitude does take a toll on an already fragile Market. We have to remember Market shifts such as these do not happen right away.

The market lags behind a good 4 to 5 days before events like this begin to show up. We will have a choice to add liquidity to the market inflating it more, or we will witness it go to a real value.

The Dow is at its maximum price ever, and there is not another referencing price to match it.

This has the potential to cause an aggressive movement downward to its 200-day moving average. And, an event like this in the shipping industry could take months to years to recover.

Goldilocks' Comments and Global Economic News Thursday Afternoon 3-28-24

Good Afternoon Dinar Recaps,

"The collapse of a major bridge along a crucial trade corridor outside Baltimore idled shipping at one of the East Coast’s busiest ports, tied up coal shipments, and pushed retailers, truckers, and industrial firms to reroute shipping volumes to contain the economic fallout of the catastrophic event."

An event of this magnitude does take a toll on an already fragile Market. We have to remember Market shifts such as these do not happen right away.

The market lags behind a good 4 to 5 days before events like this begin to show up. We will have a choice to add liquidity to the market inflating it more, or we will witness it go to a real value.

The Dow is at its maximum price ever, and there is not another referencing price to match it.

This has the potential to cause an aggressive movement downward to its 200-day moving average. And, an event like this in the shipping industry could take months to years to recover.

Is history repeating itself? Although the circumstances are different, we have the same scenario at play whereby the shipping industry is disrupted. This happened on a much grander scheme when Donald Trump was our president. His administrative team brought us back by the end of the year. Ironically, it was about the same time of the year. It was just before an election too.

This gives everyone an idea just how events such as these can create havoc among the markets. At that time, we considered a currency intervention as we neared the end of the chaos.  WSJ

© Goldilocks

~~~~~~~~~

"In Baltimore warehouses registered with the London Metal Exchange, there are 756 metric tons of nickel, 150 tons of tin and 50 tons of copper, LME data shows."

The measurements above were reported about 2 days ago. The movement of metals supports the banking system. It also supports the dollar.

This gives us an idea of what we may be facing in the banking system as well. When the movement of metals is slowed down, it will have a corresponding effect on the banking system that supplies it's liquidity.   Reuters

© Goldilocks

~~~~~~~~~

"A Basel 3 compliant bank = your Redemption Center, this is where you can choose to exchange."


© Freedom Fighter

"All roads lead to Gold, and Gold will set us free."

© Goldilocks

~~~~~~~~~
"Top smelters agreed the spot market had become disconnected from true market fundamentals, one meeting participant told Reuters."

“It is meaningless to set a guidance price in the current market,” the source added, speaking on condition of anonymity."

Copper derives its prices from mining production, global demand, currency exchange rates, inventory levels, and much more.

Copper is decoupling from the dollar. I really hope you still have those copper pennies and nickels we have talked about for years.

A decoupling event of copper from the dollar would allow both monetary systems to find their real values.    Mining

© Goldilocks

~~~~~~~~~

Did you know that copper tells you how well an economy is doing?

© Goldilocks


https://www.reuters.com/plus/copper-as-an-economic-indicator

~~~~~~~~~

"Post-Covid correlation patterns between commodity prices and the US dollar will become more common in the future. There is a robust and significant long-run relationship between the US dollar and the US terms of trade. In the past, when the United States was a net commodity importer, higher commodity prices corresponded to a lower US terms of trade and a weaker US dollar. Now that the United States is a commodity exporter, higher commodity prices raise the US terms of trade and strengthen the US dollar."

It may not take long for other Commodities to start decoupling from the market fundamentals as copper is doing now.

Then, we will have the freedom of our gold and silver markets to go to their real values.

As our commodity markets are released to real values and real fundamentals, our ability to formulate prices on global currencies based on these new values will become possible.  BIS

© Goldilocks

~~~~~~~~~

"India's payments landscape is on the brink of a major transformation as NBBL prepares to roll out interoperable bill payments network. The goal is to establish standardized rules and design the system for seamless interoperability across various banking platforms."

This will allow The Reserve Bank of India's money to move on to an interoperable system for internet banking transactions.

This new payment system will go through the National Payments Corporation of India the (NPCI).

Interestingly, this is showing up as the MICA rollout of crypto regulations is coming to their final conclusion at the end of May 2024. Will we see a FedNow announcement soon? One-Percent Club Linkedin

Time will tell.

© Goldilocks

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Trains, planes, container ships and now bridge's.
🚢👀🔥

Did you know a second bridge had an incident today also?

A “spontaneous combustion situation” with raw wood products at a landscaping supply center caused a massive fire underneath the Valley View Bridge in Ohio early Tuesday morning.

Remember this is just a coincidence.

The FBI and Joe Biden have stated nothing unusual is happening.

Community notes and mainstream media fact checkers will not allow any debate.
Twitter @DarkIILight

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SEC Adopts Reforms Relating to Investment Advisers Operating Exclusively Through the Internet | SEC

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Hong Kong Monetary Authority - HKMA and SFC further consult on enhancements to Hong Kong’s OTC derivatives reporting regime | HKMA

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Ripple Vs. SEC Update: Judge Torres Weighs Extending XRP Lawsuit Fairly - Forex News by FX Leaders | FX Leaders

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I hope everyone has a peaceful and reflective Easter weekend. I really enjoy this time of the year as it gives me an opportunity to discern just how grateful I am and can be for viewing the world around me through the eyes of the very one who came to save us.

Please keep your focus here as I have word from my banking sources that the RV is not going to happen around Easter. We are just not simply there yet my friends.

© Goldilocks

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"Over $1B in U.S. Treasury Notes Has Been Tokenized on Public Blockchains.

Tokenized Treasuries are digital representations of U.S. government bonds that can be traded as tokens on the blockchain."   
Coindesk

By Omkar Godbole

~~~~~~~~~

I just wanted to update everyone on the CBI contact Dee, Sam, and I speak to on occasions. We are so proud of him.

He has a new role. Central Bank of Iraq (CBI) Investment AND Foreign Remittances Directorate of Iraq. 


© Goldilocks  😉

~~~~~~~~~

A MESSAGE FROM SAM OLIVER ON GOLD  https://t.me/c/1545617426/75830

~~~~~~~~~

Fetch.ai, Ocean Protocol and SingularityNET Unite to Create Artificial Superintelligence Alliance | Business Wire

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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8

 Goldilocks' Comments and Global Economic News Wednesday 3-27-24

 Goldilocks' Comments and Global Economic News Wednesday 3-27-24 

Good Afternoon Dinar Recaps,

"Since trade values mostly increase when switching from MFN schemes to FTA schemes due to the latter’s lower tariff rates, a depreciation of the domestic currency may increase more than when only considering the above typical effect through relative price changes."

Vietnam is currently working on a couple of finishing touches to the payment side of their new stock market upgrade. They are currently working on trading ratios that allows a Free Trade Agreement based on supply and demand moving forward.

Vietnam does have some banks that are Basel 3 compliant, and more integration inside this upgrade is still taking place. For them to trade on a supply and demand platform, they need to prove that they have enough commodities and services to support this change into a Free Trade Agreement with other countries.

 Goldilocks' Comments and Global Economic News Wednesday 3-27-24 

Good Afternoon Dinar Recaps,

"Since trade values mostly increase when switching from MFN schemes to FTA schemes due to the latter’s lower tariff rates, a depreciation of the domestic currency may increase more than when only considering the above typical effect through relative price changes."

Vietnam is currently working on a couple of finishing touches to the payment side of their new stock market upgrade. They are currently working on trading ratios that allows a Free Trade Agreement based on supply and demand moving forward.

Vietnam does have some banks that are Basel 3 compliant, and more integration inside this upgrade is still taking place. For them to trade on a supply and demand platform, they need to prove that they have enough commodities and services to support this change into a Free Trade Agreement with other countries.

This will greatly enhance their currency's purchasing power, and the demand for it will increase its value. The implementation of this new status of Free Trade Agreements is expected to be implemented on January 1st, 2025. Vietnam News     CEPR

Watch the water.

© Goldilocks

~~~~~~~~~

Most countries around the world are bankrupt or on the verge of being so with no ability to repay their debts. War, inflation, geopolitical issues, debt and more have created price distortions inside our International Financial System.

Part of the process of restoring credit to an individual or countries is to go through a Credit Valuation Adjustment. You are going to hear the term Credit Valuation Adjustment as we get closer to the moment when Nations around the world sign an International Treaty Agreement to make these changes.

This is part of the reason why we have Basel 3 compliance coming into play this year. These new requirements will reveal Financial flaws needing to be adjusted inside the banking system and force mergers needed to successfully put us on a path that is sustainable going forward.  Bank of England
Wikipedia

© Goldilocks
~~~~~~~~~

👇 I will be back a little bit later. I have to check in with a couple of my trading partners. When I return, I will have some banking updates for you. 👇

~~~~~~~~~

MICA Announcement:

Markets in Crypto-Assets (MICA) has finalized their draft. Service providers are concerned about overreach and clarity on some key issues, but the ability to move forward and test the new digital asset-based trading system is possible at this point.  
CNN News

© Goldilocks  

~~~~~~~~~

IMF recommends stablecoins and CBDCs to boost Pacific Islands’ economies | Coin Telegraph

~~~~~~~~~

Asia-Pacific Banks Not Feeling the Heat from Final Basel Rules | Hellenic Shipping News Worldwide

~~~~~~~~~

Prices of New Houses -19% from Peak, Lowest since June 2021. Why Sales of New Houses Held Up, while Sales of Existing Houses Plunged | Wolf Street

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The collapse of a major bridge along a crucial trade corridor outside Baltimore idled shipping at one of the East Coast's busiest ports, tied up coal shipments and pushed retailers, truckers and industrial firms to reroute shipping volumes to contain the economic fallout of the catastrophic event.   WSJ

~~~~~~~~~

👆 More on this tomorrow. I want to check in on a few things dealing with how much this will affect our economy because it will.

~~~~~~~~~

James Rickards: Stocks, gold & bitcoin price predictions as Wall St bulls face rising nuclear threat | Youtube

~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline

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