Goldilocks' Comments and Global Economic News Saturday Evening 4-27-24
Goldilocks' Comments and Global Economic News Saturday Evening 4-27-24
Good Evening Dinar Recaps,
CFTC to Hold a Commission Open Meeting April 29. On April 22, Chairman Rostin Behnam announced the Commission will hold an open meeting on Monday, April 29 at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters. The Commission will consider Final Rule “Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants” and Final Rule “Adopting Amendments to the Large Trader Reporting Rules for Futures and Options.” 👆The above meeting has been canceled, and the CFTC has decided to speed up the process in moving this through the system inside a Commission’s seriatim process. The Commission's seriatim process is the process by which the Commission takes collective action without convening a meeting of the Commissioners. So, the capital and reporting requirements for swap dealers and participants along with adopting amendments to the large trader reporting rules for Futures and Options have been moved to the Final Rule.
Goldilocks' Comments and Global Economic News Saturday Evening 4-27-24
Good Evening Dinar Recaps,
CFTC to Hold a Commission Open Meeting April 29. On April 22, Chairman Rostin Behnam announced the Commission will hold an open meeting on Monday, April 29 at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters. The Commission will consider Final Rule “Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants” and Final Rule “Adopting Amendments to the Large Trader Reporting Rules for Futures and Options.”
👆The above meeting has been canceled, and the CFTC has decided to speed up the process in moving this through the system inside a Commission’s seriatim process.
The Commission's seriatim process is the process by which the Commission takes collective action without convening a meeting of the Commissioners.
So, the capital and reporting requirements for swap dealers and participants along with adopting amendments to the large trader reporting rules for Futures and Options have been moved to the Final Rule.
Final Rule is the implementation phase of the legislative process, so it doesn't look like we're going to wait until May 13th for this to move into the implementation stage. CFTC Gibson Dunn SEC
Yes, this is regarding our ability to exchange Foreign Currency.
© Goldilocks
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"Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments."
National Bank of Iraq and Temenos have partnered together to transition the Iraqi Banks from Legacy Systems to a Unified Core Banking and Payments Platform.
Core Banking is the back-end processing of transactions including deposits, loans, and credit processing.
This integration will streamline operations and accelerate product development for customers across the Capital Bank Group. The Capital Bank Group globally connects Iraqi banking systems.
Temenos digital products are adaptable and scalable that will allow them to work inside an Open Banking System. This new upgrade will allow Iraq to trade with Global Financial Institutions around the world. Fintech Global HCL Tech Temenos
© Goldilocks
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When Gold & Commodities Explode, Currencies Implode w/ Bill Holter | Youtube
When gold and other commodities explode to the upside, currencies begin to collapse within themselves.
This is when credit valuations begin to be measured and implemented based on new price patterns developing on the market. It is a result of old calculations and correlations falling apart.
Here, we will see currency interventions take place after the de-dollarization process provides a bridge to the new digital gold standard economy.
© Goldilocks
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The Federal Deposit Insurance Corporation on Friday said that Republic First Bank has been closed by Pennsylvania state regulators, in what the FDIC said was the first US bank failure this year. | CNN
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Air Zimbabwe Embraces ZiG Currency | Pindula
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House and Senate race to approve stablecoin legislation as interest rises | Kitco
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Chinese Investment Gold Demand Soars - Numismatic News
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HKMA Proposes Revisions to E-banking Risk Management Requirements | РИСК-АКАДЕМИЯ - АНО ДПО ИСАР | Regulation Asia
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WASHINGTON — The G7 Cyber Expert Group completed a cross-border coordination exercise on 17 April 2024. G7 authorities routinely exercise to ensure they can effectively coordinate and communicate their response in the event of a widespread cyber incident affecting the financial system. | Treasury Press Release
👆 Goldilocks pointed to this article
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Spot Crypto ETFs Set To Begin Trading in Hong Kong Next Week: Report | Daily Hodl
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4/27/2024 MissiOkie's husband Charlie passed. He was in peace and so is MissiOkie. Please pray for MissiOkie and the family. God Bless
MissiOkie is the Seeds of Wisdom Team Coordinator!
Seeds of Wisdom Team Prayer Room Link
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Basel Committee on Banking Supervision Announcement:
"BCBS will also publish new proposed guidelines for banks in the coming week on counterparty credit risk management." Capital
😔 More on this tomorrow...
© Goldilocks
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The IMF's Warning to the United States- How US Overspending Affects Gold & Crypto | Youtube
👆 Do you see how inflation is pushing people like you and me into gold and crypto adoption?
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👆 more on this tomorrow ...
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Taxing Unrealized Gains Would Obliterate The U.S. Economy | ZeroHedge
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Franklin Templeton launches Ethereum ETF, listed on DTCC | CoinTelegraph
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DTCC rules out collateral for Bitcoin-linked ETFs | CoinTelegraph
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Goldilocks' Comments and Global Economic News Friday Evening 4-26-24
Goldilocks' Comments and Global Economic News Friday Evening 4-26-24
Good Evening Dinar Recaps,
MICA Announcement: "This summer, the first part of the EU’s MiCA Regulation will come into effect. Financial institutions (FIs) that are currently engaged in or exploring crypto assets will need to make operational adjustments." Markets in Crypto Assets (MICA) are finally coming to the final stages of completion for the QFS. Financial institutions seeking to participate on the new Digital System will be going through a regulatory process. These MICA Regulations that will come to a conclusion on May 28th, 2024 in Europe will create a crypto-asset white paper. This white paper will report and create a set of guidelines for all countries to follow going forward in building their Quantum Technological Regulations Financial institutions around the world will have until December 2024 to integrate their Quantum Technologies to the new Digital Asset Based Trading System. At that time, the new QFS will be operational Globally. Here is what will be worked on between now and the end of the year: * how financial values are stored and transacted (stablecoins) * Movement from T+1 to T+0 instant payments in cross-border transactions * Reducing counterparty risks * Counteracting payment frauds
Goldilocks' Comments and Global Economic News Friday Evening 4-26-24
Good Evening Dinar Recaps,
MICA Announcement:
"This summer, the first part of the EU’s MiCA Regulation will come into effect. Financial institutions (FIs) that are currently engaged in or exploring crypto assets will need to make operational adjustments."
Markets in Crypto Assets (MICA) are finally coming to the final stages of completion for the QFS. Financial institutions seeking to participate on the new Digital System will be going through a regulatory process.
These MICA Regulations that will come to a conclusion on May 28th, 2024 in Europe will create a crypto-asset white paper. This white paper will report and create a set of guidelines for all countries to follow going forward in building their Quantum Technological Regulations
Financial institutions around the world will have until December 2024 to integrate their Quantum Technologies to the new Digital Asset Based Trading System. At that time, the new QFS will be operational Globally.
Here is what will be worked on between now and the end of the year:
* how financial values are stored and transacted (stablecoins)
* Movement from T+1 to T+0 instant payments in cross-border transactions
* Reducing counterparty risks
* Counteracting payment frauds
Many Credit Valuation Adjustments will be taking place between now and that time when the Global Currency Reset will come into play.
This is it folks. I know no one wants to hear this at this time. Yet, we are working with the United States, Europe, and the BRICS Nations aligning themselves with payment systems and tokenized assets that will govern our new Global Economy.
It's been a long journey, but we are in the final stages. And, it is important that we pay close attention between now and Christmas to changes that can possibly move up these banking timelines.
As far as currencies are concerned, they will need to begin shifting at some point between now and Christmas. They may come as a float, become volatile, partial revaluation in some countries, but I expect final prices on these currencies or complete revaluations to come late to early next year.
There are three phases to this final process. I will be helping you to understand where we are as we move to each stage. The first two have to be done by Christmas. The last one is a continuation of the first two that has more to do with reporting procedures than payment processes.
In the meantime, we will clearly have Digital Assets moving into real values. This first RV is at the beginning stages of development right now.
You would do yourself a favor to find a good friend who understands what cryptos are going to be used in the next Financial System. You will be glad that you did. EY
© Goldilocks
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SEBI Announcement:
"SEBI Proposes Framework for Price Discovery of Investment Companies"
Between now and the end of the year, SEBI has recommended that our new tokenized assets go through what is called a price discovery.
Securities and Exchange Board of India has made the above recommendation for their financial markets. In reality, this is what will be taking place around the world as well.
Price Discovery is when the markets synchronize their new price actions or correlations with each other based upon supply and demand.
Supply and demand recognize price actions that correspond with assessments on companies and those who buy their products' actual ability to pay for items on the market.
In other words, we are about to go through what is called fair market valuations. This will include all sectors of the market including Forex. Indian Express IG
© Goldilocks
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IBM to buy HashiCorp in $6.4 billion deal to expand in cloud
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A MESSAGE FROM SAM OLIVER ON SILVER
LISTEN HERE:
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Franklin Templeton Announces Availability of Peer-to-Peer Transfers for Franklin OnChain U.S. Government Money Fund | Business Wire
These Franklin Templeton assets that are tokenizing US Treasuries will have a correlating effect on gold and other commodities.
The tokenization of US Treasuries through Franklin Templeton Digital Assets will have their connection to the commodity sector giving them real values going forward.
This will be part of the credit valuation adjustments that will be taking place in the months ahead to give new price action adjustments on a new economy.
Everything is being tokenized, and within each of these tokens will be a corresponding commodity to give it a real price value for the QFS able to compute and regulate real-world assets.
© Goldilocks
👆 We are witnessing our markets transform into a new digital economy.
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"All roads lead to gold, and 'digital gold' will set us free."
© Goldilocks
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Stellar The New Star: Analyst Predicts $0.47 Price Target | News BTC
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Interior Department Implements Reforms in Federal Oil and Gas Leasing Regulations | The Presidential Prayer Team
"These are the most significant reforms to the federal oil and gas leasing program in decades, and they will cut wasteful speculation, increase returns for the public, and protect taxpayers from being saddled with the costs of environmental cleanups,” said Secretary Deb Haaland. “These reforms will help safeguard the health of our public lands and nearby communities for generations to come.”
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Kalp Foundation Partners with Router Protocol to Facilitate Cross-Chain Interoperability of Real-World Assets | CXO Today
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Q1 GDP Report Preview: What the Data Could Tell Us About the U.S. Economy | InvestorPlace
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Law of Supply and Demand in Economics: How It Works | Investopedia
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Jim Willie: 20 Reasons For Gold Price Breakout | Youtube
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IBM to buy HashiCorp in $6.4 billion deal to expand in cloud, Telecom News, ET Telecom
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Fed seeks 8,000 financial institutions for FedNow | Banking Dive
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Granting waivers on Iranian oil only emboldens the ayatollahs | The Hill
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Gold Could Hit $40,000 Per Ounce – Here’s How! | Lynette Zang Youtube
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"National Bank of Iraq goes live with Temenos core banking and payments"
Will they work with Ripple? Probably...
More on this tomorrow...
© Goldilocks
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Goldilocks' Comments and Global Economic News Thursday Evening 4-25-24
Goldilocks' Comments and Global Economic News Thursday Evening 4-25-24
Good Evening Dinar Recaps,
China's Payment Regulations Announcement: On December 9, 2023, Chinese Premier Li Qiang signed Decree No. 768 of the State Council. The People's Bank of China is giving us a look at their implementation rules for their new payment regulations. It covers risk management, e-commerce, faster mobile and computer payments, connections between central depository institutions, banking systems, monetary policies, guidelines, management of payment rules between Financial institutions, and various types of accounts. After implementation, these new regulations will be sent to Clearing House Institutions for Network inclusion and compliance directives to enforce this new payment system. This decree is China's regulations on the Supervision and Administration of Non-Bank Payment Institutions.
Goldilocks' Comments and Global Economic News Thursday Evening 4-25-24
Good Evening Dinar Recaps,
China's Payment Regulations Announcement:
On December 9, 2023, Chinese Premier Li Qiang signed Decree No. 768 of the State Council.
The People's Bank of China is giving us a look at their implementation rules for their new payment regulations.
It covers risk management, e-commerce, faster mobile and computer payments, connections between central depository institutions, banking systems, monetary policies, guidelines, management of payment rules between Financial institutions, and various types of accounts.
After implementation, these new regulations will be sent to Clearing House Institutions for Network inclusion and compliance directives to enforce this new payment system. This decree is China's regulations on the Supervision and Administration of Non-Bank Payment Institutions.
A non-bank entity provides similar services to a bank, but they do not hold a banking license. This merges the new Digital Economy with the Traditional Markets and Banking System inside our new digital economy. Peoples Bank of China
It will go into effect on May 1, 2024.
© Goldilocks
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Japan is the fourth-largest export market and trading partner of the United States with a 68 billion trading deficit.
Why this partnership is so important comes of its connection to US Dollars held within their accounts to support the Yen.
Japan is giving an imminent warning that they are going to have to prop up their currency by intervening into the markets.
This means they will be selling their dollars that they have bought over the years to support the Yen from continuing to fall in its price.
As the yen begins the process of leveling the playing field between the price of the dollar against the yen, it will begin to affect the global markets as well.
This move will cause trading deficits and appreciation with other countries around the world as the Yen begins to rise in its price.
Eventually, the move toward more reliance on their Basel 3 compliant policies over the dollar will stabilize the Yen as these temporary measures go into effect.
As we have spoke of recently in this room, we are moving into credit valuation adjustments. This is going to be a big one because of so many trading contracts take place between the US and Japan.
Volatility in the currency markets are about to begin, and they will end with the stabilization of all currencies based upon real values connected to them through gold.
If you think the recent actions to regulate and place laws on Stablecoins is a coincidence, you might want to look again. Reuters 1 Reuters 2 Trade
© Goldilocks
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This Louisiana Man Collected Over Half a Million Pennies in 45 Years | ABC News
I wish he would have sold it to an exchange center instead of a bank. Can you imagine how much he really lost on this exchange.
Copper is now a critical mineral and a global shortage metal. Know what you hold my friends. Know it's worth.
A wise investor explores exchange options.
👆4.49 per lb×2800 lb of copper= $12,572
The above is copper's current actual worth. The bank gave this man...$5,136. He lost over $7,000 on this deal.
Do your own research my friends.
© Goldilocks
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👆 Can you imagine how much this man would have had if he waited until next year to sell his copper? So sad.
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Nonbank Financial Institutions: What They Are and How They Work | Investopedia
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Stablecoin News: Top Democrat Predicts Imminent Deal On Stablecoin Regulation | Coingape
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Stablecoin Bill Could Be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg
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Venezuela demands oil purchases to be paid in #USDT to Bypass U.S Sanctions 🤨 | Twitter
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What are the Bretton Woods 3 institutions? | UN
* International Monetary Fund (IMF)
* International Finance Corporation (IFC)
* Multilateral Investment Guarantee Agency (MIGA)
* The World Bank.
* The World Trade Organization (WTO)
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Ripple to Use Stablecoin for US ODL Customers, Not XRP | The Crypto Basic
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A new web3 network is being built right now that wants to end Big Tech’s control of your data | Tech Crunch
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Navigating The Generative AI Divide: Open-Source Vs. Closed-Source Solutions | Forbes
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Mannarino Market Risk Indicator
The Dow Index has lost over 3.82% the past 4 weeks. We talked about the Markets moving down for the next three to five weeks almost a month ago. How am I doing so far?
© Goldilocks
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China's March net gold imports via Hong Kong up 40% from Feb | Zawya
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Book of Zephaniah Summary: A Complete Animated Overview | Youtube
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👆 Sound familiar? It should, what we are going through is a Biblical prophecy.
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Meaning: Hidden by God.
Zephaniah is a masculine name of Hebrew origin that means "hidden by God." This is a biblical name shared with minor prophets in the Hebrew Bible and its meaning is symbolic of God's protection.
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Goldilocks' Comments and Global Economic News Wednesday Evening 4-24-24
Goldilocks' Comments and Global Economic News Wednesday Evening 4-24-24
Good Evening Dinar Recaps,
I see two things that have to happen before we see an RV on our paper money. Gold has to be able to withstand anything that is thrown at it, and the QFS has to be completed my friends.
We are looking at the CFTC being able to take us in soon, BUT as they have said in their own words yesterday:
“as soon as technologically practicable.”
Going forward, connections to those who are actually creating the system in the field of technological development are the people who provide us with real Intel.
Everything else, is just simply getting the word around that everything is done and secondary intel.
What is going on behind the scenes in technological advancement is our path forward. The old world has passed away and all things are becoming new.
Let me introduce to you the new World Reserve Asset going forward. Ripple is the new dollar. When Ripple is set free backed by gold, so are we. The Banker
© Goldilocks
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Goldilocks' Comments and Global Economic News Wednesday Evening 4-24-24
Good Evening Dinar Recaps,
I see two things that have to happen before we see an RV on our paper money. Gold has to be able to withstand anything that is thrown at it, and the QFS has to be completed my friends.
We are looking at the CFTC being able to take us in soon, BUT as they have said in their own words yesterday:
“as soon as technologically practicable.”
Going forward, connections to those who are actually creating the system in the field of technological development are the people who provide us with real Intel.
Everything else, is just simply getting the word around that everything is done and secondary intel.
What is going on behind the scenes in technological advancement is our path forward. The old world has passed away and all things are becoming new.
Let me introduce to you the new World Reserve Asset going forward. Ripple is the new dollar. When Ripple is set free backed by gold, so are we. The Banker
© Goldilocks
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US to take aim at Chinese banks aiding Russia war effort — WSJ - BusinessWorld Online
👆 Can you see how this is pushing the digital economy forward and new payment system especially in the east?
© Goldilocks
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BRICS weighs in on using stablecoins in settlements, Russian official says | Crypto News
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US Senate Introduces Stablecoin Regulation Bill | The Crypto Times
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Crypto ETFs Make Great Headlines, But Stablecoins Are Key To Mass Adoption | Forbes
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Spring Meetings 2024 Wrap Up: Despite mounting crises, persistent lack of political will to match rhetoric with action remains - Bretton Woods Project
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Message from Freedom Fighter on Iraq's RV Process 2024-04-24
LISTEN HERE:
👇Reposted from this morning:
CBI Banker in Iraq Contact:
Dee and I just finished a conversation with our CBI Banker in Iraq with ties to the Foreign Remittance Department.
Iraq is currently increasing the amount of Gold they hold that will support their currency.
Iraq is encouraging people to use a debit (Visa & Master) Card as much as possible, so they can get used to becoming a cashless society.
As far as a rate is concerned, they are looking to move from 1,310 to 1,000 soon.
Many new agreements have been signed with other countries to increase the demand for their currency as of late.
He expressed that they still need more goods to sell to increase their money velocity.
Iraq has not moved to a position of removing the three zeros on their currency just yet.
It was mentioned that they are still working with their Foreign Corresponding Bank to complete their banking reforms this year.
© Goldilocks
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Iraq is telling us on the CBI website that they are meeting their Financial Inclusion Requirements.
G20 has standard guidelines for what this means.
"Financial inclusion is measured in three dimensions: (i) access to financial services; (ii) usage of financial services; and (iii) the quality of the products and the service delivery." https://cbi.iq/news/view/2552
© Goldilocks
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G20 Set of Financial Inclusion Indicators.pdf
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RIPPLE XRP SEC CASE COULD END VERY SOON $20 XRP COULD BE NEXT! | Youtube
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Russian court orders seizure of $440m from JPMorgan | Luxembourg Times
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Ripple vs. SEC: Trial Resumes as Crypto Industry Braces for Impact | Finance Magnates
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Indonesia Releases Exports of Moringa Leaves, Coconut Charcoal to Asia and Europe - News En.tempo.co
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Russian court orders seizure of $440m from JPMorgan | Luxembourg Times
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Gold Price Today Will Look Different Soon | Youtube
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Two SEC attorneys resign after ‘gross abuse of power’ sanctions | Banking Dive
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Goldilocks' Comments and Global Economic News Wednesday AM 4-24-24
Goldilocks' Comments and Global Economic News Wednesday AM 4-24-24
Good Morning Dinar Recaps,
Recently, gold has found its own path. It is becoming increasingly bold in determining its own path.
There have been recent attempts to short the market in gold, and there just doesn't seem to be anything powerful enough to do it.
Gold has awakened into a life determined by real fundamentals unlike anything else on the market.
Our tokenized assets and Stablecoins will be supported by a commodity of real value going forward, and nothing seems to be able to stop it from realizing its potential going forward. Schwab
© Goldilocks
Goldilocks' Comments and Global Economic News Wednesday AM 4-24-24
Good Morning Dinar Recaps,
Recently, gold has found its own path. It is becoming increasingly bold in determining its own path.
There have been recent attempts to short the market in gold, and there just doesn't seem to be anything powerful enough to do it.
Gold has awakened into a life determined by real fundamentals unlike anything else on the market.
Our tokenized assets and Stablecoins will be supported by a commodity of real value going forward, and nothing seems to be able to stop it from realizing its potential going forward. Schwab
© Goldilocks
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MESSAGE FROM FREEDOM FIGHTER ON THE COMMODITY EXCHANGE ACT
LISTEN HERE:
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CBI Banker in Iraq Contact:
Dee and I just finished a conversation with our CBI Banker in Iraq with ties to the Foreign Remittance Department.
Iraq is currently increasing the amount of Gold they hold that will support their currency.
Iraq is encouraging people to use a debit (Visa & Master) Card as much as possible, so they can get used to becoming a cashless society.
As far as a rate is concerned, they are looking to move from 1,310 to 1,000 soon.
Many new agreements have been signed with other countries to increase the demand for their currency as of late.
He expressed that they still need more goods to sell to increase their money velocity.
Iraq has not moved to a position of removing the three zeros on their currency just yet.
It was mentioned that they are still working with their Foreign Corresponding Bank to complete their banking reforms this year.
© Goldilocks
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Institutional Digital Assets: The Future of Finance Is Here | CoinDesk
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SEC Lawyers Resign After Judge Sanctions the Regulator for 'Gross Abuse of Power' – Legal Bitcoin News
👆 Goldilocks pointed to this article
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Institutional Digital Assets: The Future of Finance Is Here | CoinDesk
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SEC Lawyers Resign After Judge Sanctions the Regulator for 'Gross Abuse of Power' – Legal Bitcoin News
👆 Goldilocks pointed to this article
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"CFTC Approves Final Rules on Swap Confirmation Requirements for Swap Execution Facilities (SEFs)"
These rules go into effect 30 days after they have been placed in the Federal Register. "An essential component of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) is its framework for the regulation of swaps, including central clearing and trade execution requirements, registration and comprehensive regulation of swap dealers, and recordkeeping and reporting requirements."
The final rules amend CFTC Regulation 37.6(b) to require such confirmation to take place “as soon as technologically practicable.”
We have two things holding us back at this point in moving forward with the newly amended and final rules of swap executions on Securities such as Foreign Currency.
1) This amendment and final rule has to go to the Federal Registry which doesn't take long.
2) This new amendment can be implemented as soon as "technologically practicable.”
Yes, as soon as the QFS is completely finished. Stay tuned, this room will keep you updated on QFS developments as they are happening each and "every day" as we have done for the last 3 years. CFTC 1 CFTC 2 Investopedia
© Goldilocks
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RIPPLE XRP TO DOMINATE OVER $454 TRILLION🚨WAKE UP NOW | Youtube
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HEDERA HBAR HOLDERS TODAY WE MADE HISTORY! | Youtube
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Goldilocks' Comments and Global Economic News Tuesday Evening 4-23-24
Goldilocks' Comments and Global Economic News Tuesday Evening 4-23-24
Good Evening Dinar Recaps,
"HANOI (Bloomberg): Vietnam’s central bank said it sold dollars to some banks, intervening in the foreign exchange market as the currency fell to a record low."
Today, Vietnam did a currency intervention. They sold some of their dollars to some banks. Let's take a look at why this move was made and why it makes sense.
Vietnam is currently applying for the BRICS system. The need to hold dollars in trade going forward does not make as much sense anymore. It would make more sense to hold the trading currency of the BRICS system that will carry enough weight to justify new Dong rates going forward.
At the same time, the BRICS Nations have a requirement that Nations who join them own gold. Gold increases the net worth of a country's own currency, and backing in Gold will enable Vietnam to trade under a Gold Standard.
Goldilocks' Comments and Global Economic News Tuesday Evening 4-23-24
Good Evening Dinar Recaps,
"HANOI (Bloomberg): Vietnam’s central bank said it sold dollars to some banks, intervening in the foreign exchange market as the currency fell to a record low."
Today, Vietnam did a currency intervention. They sold some of their dollars to some banks. Let's take a look at why this move was made and why it makes sense.
Vietnam is currently applying for the BRICS system. The need to hold dollars in trade going forward does not make as much sense anymore. It would make more sense to hold the trading currency of the BRICS system that will carry enough weight to justify new Dong rates going forward.
At the same time, the BRICS Nations have a requirement that Nations who join them own gold. Gold increases the net worth of a country's own currency, and backing in Gold will enable Vietnam to trade under a Gold Standard.
You will notice in an article below that Vietnam has begun buying more Gold.
Currently, Europe and the US carry a lot of weight in trading values through the WTO. China and other countries who are part of the BRICS system are edging up to near-similar levels of trade that will equate the US and Europe.
This will level the playing field for countries such as Vietnam, and it makes sense for them to begin dumping their dollars for currencies inside the BRICS Nations and Gold.
Holding these new reserves in the BRICS Nations will allow Vietnam to raise the value of their currency through new trading mechanisms inside the new digital economy and more holdings in Gold.
The Star RT Business Investopedia1 JP Morgan Investopedia2 The Investor VN Vietnam Investment Review
"All roads lead to gold, and 'digital gold' will set us free."
© Goldilocks
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The Commodities Futures Trading Commission has issued an announcement.
The CFTC is extending the comment period for new rules being applied on the swap execution facilities.
This affects the DCMs in Part 37 and 38. The Designated Contract Markets are boards of trade (or exchanges) that operate under the regulatory oversight of the CFTC.
"The proposed rule was published in the Federal Register on March 19, 2024. It had a 60-day comment period scheduled to close on April 22, 2024."
The following is what was considered in yesterday's meeting.
"Final Rule: Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants
Final Rule: Adopting Amendments to the Large Trader Reporting Rules for Futures and Options"
May 13th, 2024 is the deadline for this comment period. At that time, we will be able to move forward with the final rules on executing foreign currency exchange swaps. The final rule is the implementation phase. CFTC1 CFTC2 CFTC3 CFTC4 Federal Register Investopedia CFTC5
© Goldilocks
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A new round of sanctions are being applied to Venezuela and their oil economy.
This article speaks of Venezuela moving to other payment methods such as cryptocurrencies as preferred payments.
This will shift payments from the dollar to new digital asset opportunities for this country.
It is a growing trend and opportunity for countries who wish to exercise their Sovereignty going forward. Reuters
© Goldilocks
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"Therefore, trading of foreign currency futures contracts, or options thereon, is lawful if it occurs on designated contract markets or derivatives transaction execution facilities."
* Designated Contract Markets (DCM)
* Derivatives Transaction Execution Facilities
Please ask if the facility you are trading at is one of the two above-approved designated exchange facility.
It will not be a legal facility to exchange your currency in unless it is. By the way, a bank is a designated facility that encompasses both of the above criteria and requirements. CFTC
© Goldilocks
~~~~~~~~~
👆One more thing, these designated facilities (banks) do have 1-800 #s.
Just look on the back of your debit card or call your bank if you have any further questions.
~~~~~~~~~
Jim Willie: 'Gold's The Safe Haven When There's No Escaping The Debt Default' | Youtube
~~~~~~~~~
The BRICS economic union is currently in the process of creating a single financial system in 2024 to facilitate trade within the bloc without using the US dollar.
Such an idea would be crucial to the implementation of the BRICS plans. Specifically, the effect of its de-dollarization would be greatly enhanced by a financial system that brings together the possibilities of using digital currencies. Moreover, it increases pressure on the dollar, which the US has already assured will not get a digital counterpart. Crypto Dnes
~~~~~~~~~
Kremlin says Russia and China have almost abandoned the dollar in trade
Russia and China have almost completely abandoned the US dollar in their mutual settlements, and more than 90% of transactions between the two countries are now carried out in their national currencies. | UNN
~~~~~~~~~
The Copper Supply Shortage Is Here | SchiffGold
👆 Keep saving those copper nickels and pennies...
~~~~~~~~~
The movement from brick and mortar sales continue to melt down as the online sales for the same merchandise is continuing to climb. | Wolf Street
~~~~~~~~~
Vietnamese furniture products introduced at Milan Design Week - EIN Presswire
~~~~~~~~~
Vietnam to have opportunities from digitalisation, green transformation: IMF | VOV VN
~~~~~~~~~
Factors influencing Vietnam’s FMCG market | VOV VN
~~~~~~~~~
Vietnam surpasses India, Thailand to become Singapore’s top rice supplier - VnExpress International | VN Express
~~~~~~~~~
Billionaire-Owned Media Has Gone Full Throttle to Save Fellow Billionaire, Jamie Dimon | Wall Street on Parade
~~~~~~~~~
Copper pennies at $3.00. Right NOW? | Youtube
👆 Goldilocks pointed to this article
~~~~~~~~~
MESSAGE FROM SAM OLIVER ON COPPER
LISTEN HERE:
~~~~~~~~~
Generative A.I. Arrives in the Gene Editing World of CRISPR | The New York Times
~~~~~~~~~
A new legislation to regulate stablecoins filed in the US Senate may benefit the issuers as reported by investment banking firm TD Cowen. | Crypto Times
👆 more on this tomorrow...
~~~~~~~~~
‘‘Lummis-Gillibrand Payment Stablecoin Act’’
LIP24254.pdf CLICK HERE
~~~~~~~~~
~~~~~~~~~
Ripple Offers to Pay SEC Penalty For XRP | Youtube
~~~~~~~~~
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Goldilocks' Comments and Global Economic News Monday Evening 4-22-24
Goldilocks' Comments and Global Economic News Monday Evening 4-22-24
Good Evening Dinar Recaps,
ISO 20022 UPGRADE OF SWIFT MESSAGES FOR MONEY SETTLEMENT ANNOUNCEMENT:
"To act in concert with the global standard of adopting ISO 20022 in SWIFT and Hong Kong RTGS for payment-related SWIFT messages, OTC Clear has planned to migrate money settlement messages from existing SWIFT MT messages to ISO 20022 XML-based message ("MX messages") on 22 April 2024."
On April 22nd, 2024, the Society for Worldwide Interbank Financial Telecommunications and Real Time Gross Settlements is upgrading to the ISO20022 messaging system.
The Hong Kong Interbank Clearing Limited and the Hong Kong Securities Clearing Company Limited will soon after do a market-wide testing to make sure the clearing systems of the East and West are synchronized.
Goldilocks' Comments and Global Economic News Monday Evening 4-22-24
Good Evening Dinar Recaps,
ISO 20022 UPGRADE OF SWIFT MESSAGES FOR MONEY SETTLEMENT ANNOUNCEMENT:
"To act in concert with the global standard of adopting ISO 20022 in SWIFT and Hong Kong RTGS for payment-related SWIFT messages, OTC Clear has planned to migrate money settlement messages from existing SWIFT MT messages to ISO 20022 XML-based message ("MX messages") on 22 April 2024."
On April 22nd, 2024, the Society for Worldwide Interbank Financial Telecommunications and Real Time Gross Settlements is upgrading to the ISO20022 messaging system.
The Hong Kong Interbank Clearing Limited and the Hong Kong Securities Clearing Company Limited will soon after do a market-wide testing to make sure the clearing systems of the East and West are synchronized.
Once this interface is complete and tested, the new settlement messaging system for tokenized assets through Stablecoins, already tested and regulated, in Hong Kong will be able to move digital money in cross-border International trades. This will enable foreign currency exchanges to take place on this new Digital Financial Settlement System. HKEX Adenza
© Goldilocks
👆Today
~~~~~~~~~
There's even more good news for Hong Kong's upgrade to ISO 20022 and their new listings.
The China Securities Regulatory Commission said it will facilitate Hong Kong listings by leading Chinese companies.
CSRC said it will expand the Stock Connect cross-border investment scheme by placing Hong Kong's new listings on the Shanghai Stock Exchange International Financial Centre. SCMP
© Goldilocks
~~~~~~~~~
There are three trends taking place on our Global Markets. These three trends have not been seen before in history.
We have new tokenized assets onboarding the trading system through ETFs, we have the dollar that has continued to rise, and we have gold that is continuing to rally.
These two major assets (dollar and new ETFs) would have at one time held the price of gold down, but we are not seeing this take place and the repercussions of this fact tell us we are sailing into new headwinds inside our Global Markets.
So far, our markets seem to be pricing in these new changes or shall I say new transitions of our economy. This is why following the new digital economy as it completes its final phases of development is so important.
Old indicators and fundamentals no longer apply and new ones are beginning to surface. This indicates a transition is taking place inside the entire economy, but you have to know what you're looking for inside the new digital asset-based trading system.
Current indications are showing us that our new correlated asset trends are beginning to work together instead of adversely. If these new trends continue, our markets will have moved from negative correlations to positive ones.
What does this mean as far as watching for changes happening on the market in our current world? It means we have to look for and when the QFS is finally completed its connections. Once its development is complete, we will then know the real values as they are turned on inside the new digital economy. VanEck
Time will tell.
© Goldilocks
~~~~~~~~~
"With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries."
Today, JP Morgan Chase's Jamie Dimon met with executives from the World Bank Group and several other multilateral development lenders.
They are currently working on ways to pull private money into new jobs through their new Green Bond initiatives across Emerging Markets. The World Bank and the IMF are actively involved in these meetings as well. The World Bank in the IMF are two major players that will announce the Bretton Woods III agreement.
This will provide liquidity for several countries outside of the United States and provide movement forward in resetting/leveling the playing field for their local economies across all market sectors including Forex. Finance Yahoo World Bank
© Goldilocks
~~~~~~~~~
Currency devaluations on a global scale is really picking up steam. We are about to see currency interventions begin to take place on a massive scale.
This does not mean we're about to see a revaluation many of you are looking for going forward. It just means that Credit Valuation Adjustments are about to begin on every sector of the market including Forex.
We could see some currency price adjustments, but we are looking for those CVAs to be backed by real values based on the release of caps on gold. CNBC Transwap
© Goldilocks
~~~~~~~~~
China is dumping U.S. treasuries and buying Gold | FX Street
~~~~~~~~~
Are the days of dollar love ending? - Opinion News | The Financial Express
~~~~~~~~~
Quant Network CEO: 2024 Is The Year Of Institutional Adoption Of Blockchain | Business Upturn
~~~~~~~~~
Anthony Scaramucci remains bullish on Bitcoin’s long-term performance.
He compares its development to the beginnings of the Internet and Amazon shares. | Crypto News Flash
~~~~~~~~~
Cryptocurrencies: Why You Shouldn't Overlook Dogecoin (DOGE) and Retik Finance (RETIK) in 2024 - Crypto Daily
~~~~~~~~~
Are the BRICS and their New Development Bank offering alternatives to the World Bank, the IMF, and the policies promoted by the traditional imperialist powers? | CADTM
~~~~~~~~~
The Progression of Exchange: Cryptocurrencies and the Future of Transactions - Eye On Annapolis
~~~~~~~~~
What are Green Bonds and How Can They Fight the Climate Crisis? | The Climate Reality Project
~~~~~~~~~
“Seeing some confusion on next steps with the SEC vs. Ripple case.
To clarify – Ripple will file its response to the SEC’s request for penalties by April 22nd and the SEC has until May 6th to reply.”
* KC Trader
~~~~~~~~~
“The authorities substantially tightened macroeconomic policies in 2023 and into the first quarter of 2024. They are beginning to reap the fruits of the adjustment in the form of a stable exchange rate and declining inflation. Nonetheless, the remaining adjustment required to keep debt on a sustainable path is significant, financing needs are high, and foreign reserves have fallen.
“The authorities and the staff team reached an agreement on most policies to underpin the requested arrangement under the ECF. They reached an understanding on the authorities’ development objectives and reforms needed to achieve macroeconomic stability and maintain debt sustainability.
IMF Staff Concludes Mission to Sierra Leone | IMF
~~~~~~~~~
XRP NEWS PROOF RIPPLE & SWIFT ARE UNLOCKING $27 TRILLION | Youtube
~~~~~~~~~
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Goldilocks' Comments and Global Economic News Sunday Evening 4-21-24
Goldilocks' Comments and Global Economic News Sunday Evening 4-21-24
Good Evening Dinar Recaps,
Hong Kong Digital Banking Announcement:
Hong Kong is offering new guidance on their TM Systems Technology currently in development.
TM System's "goal is to become global leaders in security consulting services and location-based analytics along with software development."
This new technology will help them with their new in-house Derivatives Platform. It will run on the Orion Derivatives Platform. And, it has enhanced trading and clearing capabilities that will enable them to run almost 24 hours a day.
Hong Kong already has their own electronic security system, and this new system is currently in process of being developed for added security protection going forward on their derivatives platform.
© Goldilocks
~~~~~~~~~
Goldilocks' Comments and Global Economic News Sunday Evening 4-21-24
Good Evening Dinar Recaps,
Hong Kong Digital Banking Announcement:
Hong Kong is offering new guidance on their TM Systems Technology currently in development.
TM System's "goal is to become global leaders in security consulting services and location-based analytics along with software development."
This new technology will help them with their new in-house Derivatives Platform. It will run on the Orion Derivatives Platform. And, it has enhanced trading and clearing capabilities that will enable them to run almost 24 hours a day.
Hong Kong already has their own electronic security system, and this new system is currently in process of being developed for added security protection going forward on their derivatives platform. Mayer Brown Finance Feeds Linkedin Trade Easy
© Goldilocks
~~~~~~~~~
"Putin Orders Developing Grain Exchange Mechanism between BRICS Countries"
This new "Grain Exchange Mechanism" involves the BRICS group being encouraged to buy from local producers directly.
This proposal is being submitted to The BRICS summit in October. Russia has already shared with us last week that they are evolving into a Gold Standard economy in the country.
This collective shift in trade mechanisms has the capacity to transition the Global Trading Economy as the BRICS system grows.
It has ripple effects on how the Federal Reserve's suppression of gold will play out in the releasing of caps on gold in order to be competitive in Global Trading.
This move by Russia has the power to challenge the dollar under a Gold Standard regimen.
A revaluation in the gold price will profoundly affect our new tokenized assets that are backed by gold including our Stablecoins that are backed by gold. See News Youtube
"All roads lead to gold, and "digital gold" will set us free.
WATCH THE WATER.
© Goldilocks
~~~~~~~~~
Yesterday, the Deutsche Bundesbank announced plans to work with the Massachusetts Institute of Technology’s Digital Currency Initiative (MIT DCI) to explore privacy and security solutions for central bank digital currency (CBDC).| Ledger Insights
~~~~~~~~~
On 3 March 2024, the EU co-legislators adopted Regulation (EU) 2024/886 on instant credit transfers in euro, often called the ‘Instant Payments Regulation’ (IPR).
The IPR was published in the Official Journal of the European Union on 19 March 2024 and entered into force twenty 20 days thereafter (i.e. on 8 April 2024) the text is available here (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L_202400886).
Of course, it doesn’t mean that payment service providers (PSPs) will have to comply with all IPR rules right away, but instead, the IPR goes together with a number of key implementation deadlines. TwoBirds
~~~~~~~~~
Canada's Real-Time Rail program resumes with renewed momentum | Payments
~~~~~~~~~
"Project FuSSE (Fully Scalable Settlement Engine, pronounced as fyooz) is a BIS Innovation Hub project that aims to modernize financial market infrastructures for the demands of the digital age. In the face of a rapidly digitizing economy, the traditional systems face myriad challenges. FuSSE offers an open-source solution designed to meet these evolving demands head-on.
Project FuSSE marks the first collaboration between the BIS and the Inter-American Development Bank (IDB), following an agreement signed by the two institutions in September 2023. The presentation of FuSSE's progress and the official start of technical cooperation between both entities took place in Washington, D.C., in an event attended by the BIS general manager, Agustín Carstens, the president of the IDB, Ilan Goldfajn, and the governors of central banks from Chile, Colombia, and Uruguay." BIS
~~~~~~~~~
What the Iraqi PM Told Iraqi People Living in the US on Thursday | Youtube
👆 Goldilocks pointed to this video
~~~~~~~~~
If you missed the SNL call last night with Freedom Fighter and Jester breaking down Goldilocks posts, you can find the mp3 recording in the Archive Room Here: https://t.me/c/1570377332/39328/39735
~~~~~~~~~
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Goldilocks' Comments and Global Economic News Thursday Evening 4-18-24
Goldilocks' Comments and Global Economic News Thursday Evening 4-18-24
Good evening Dinar Recaps,
Watch XRP! It is the coin that moves all coins. Once the SEC and Ripple case is settled, look for the QFS System to be given the green light to move forward.
© Goldilocks
~~~~~~~~~
In order to be on an even playing field with other currencies around the world, the EU has raised their Capital requirements. It was discovered in 2023 that many of the currencies they were currently trading with were no longer in sync.
These foreign exchange risks were discovered in the second half of last year. This has led the European Banking Authority’s (EBA) to reduce the number of correlated currencies they were trading. Europe is a major player, and to compete Globally has forced them to reset their currency Market pairs. Risk
© Goldilocks
~~~~~~~~~
Goldilocks' Comments and Global Economic News Thursday Evening 4-18-24
Good Evening Dinar Recaps,
Watch XRP! It is the coin that moves all coins. Once the SEC and Ripple case is settled, look for the QFS System to be given the green light to move forward.
© Goldilocks
~~~~~~~~~
In order to be on an even playing field with other currencies around the world, the EU has raised their Capital requirements. It was discovered in 2023 that many of the currencies they were currently trading with were no longer in sync.
These foreign exchange risks were discovered in the second half of last year. This has led the European Banking Authority’s (EBA) to reduce the number of correlated currencies they were trading. Europe is a major player, and to compete Globally has forced them to reset their currency Market pairs. Risk
© Goldilocks
~~~~~~~~~
~~~~~~~~~
WASHINGTON (Reuters) - "U.S., Japanese and South Korean finance leaders agreed to consult closely on foreign exchange and market developments in a trilateral meeting on Wednesday, they said in a joint statement issued by the U.S. Treasury Department."
These meetings are becoming more and more frequent. As we get closer to Global regulations on cryptocurrency through MICA, the new digital economy will reset a lot of prices across all sectors of the markets.
Our tokenized assets are as these words imply. These digitized assets are now supported by commodities. Our Stablecoins representing our countries' currencies are backed by gold.
Everything is about to be backed by gold. It is the bridge into the next economy as it has been throughout history when we have crossed over from one economic world to another.
Our ability to adapt to these changes will signify a willingness to live in the New World. It is a mind, body, and soul transformation. Time is getting close. Be ready. US News
© Goldilocks
~~~~~~~~~
"On Tuesday, April 16, Bybit published a new report, providing a detailed analysis of the Bitcoin halving event set to take place this month. The crypto firm disclosed that the Bitcoin reserves within the world’s crypto exchanges have been depleting at a rapid pace, leaving only nine months of BTC supply left on exchanges."
This new trend is expected to drive the price of Bitcoin up. The more scarce it becomes, the more valuable it will be in the short run.
Bitcoin has been known to drive prices up in the cryptocurrency world. As we shift into a digital economy, there are new cryptocurrencies that will begin new protocols inside this new digital framework.
Their connection to Bitcoin will help raise their value going forward. As new demands are placed on these new digital assets that will move our Global Economy, it will be the demand for them in the future that will begin to place price pressures on their existence based on their use case scenarios.
Our world is clearly in transition, and the more we learn about it the better off we can be in integrating our lives into it.
We are in the process of carving out a path into this new digital asset-based trading system. It will change us in ways many of us did not anticipate.
Staying focused and intentional about your new place in the world will be a vital step and becoming a part of it. News BTC
© Goldilocks
~~~~~~~~~
"Gold at Historical Highs as Mid-East Tensions Persist; Pound Rises on UK CPI Data" | Investing
~~~~~~~~~
Banking Announcement:
"JP Morgan is setting out to potentially disrupt its own foreign exchange overlay business with a new execution method that allows clients to place multiple dealers in competition for trades, while using the bank’s credit standing to secure the best price." | FX Markets
~~~~~~~~~
Vietnam Stock Market Sharp Drop IQD Rate Flux Haiti's Progress Gold Prices | Youtube
~~~~~~~~
Press Release
SEC’s Division of Investment Management to Host Second Annual Conference on Emerging Trends in Asset Management SEC
Conference topics will include:
Trends in Asset Management Products and Strategies:
* Asset Management Trends: Past,
* Present and Future
* Technology-Driven Trends
* Regulatory Perspectives
~~~~~~~~~
Ripple Vs. SEC Saga: CLO Provides Clarity On Next Steps In Lawsuit | Bitcoinist
~~~~~~~~~
HONG KONG BITCOIN ETFS TO TRADE BY APRIL 30TH: REPORTS
Hong Kong's hotly anticipated spot bitcoin ETFs are expected to launch by end of April, potentially yielding up to $25 billion in capital inflows according to industry analysts. | Bitcoin Magazine
~~~~~~~~~
A MESSAGE FROM ISAAC
I will have two big meetings Monday to know how close we are , process is advancing so we are getting close , I will update Monday, blessings .
~~~~~~~~~
Iraq: Over 14 Agreements Signed Between Iraq and US BREAKING NEWS from Congres | Youtube
~~~~~~~~~
~~~~~~~~~
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Goldilocks' Comments and Global Economic News Late Wednesday Evening 4-17-24
Goldilocks' Comments and Global Economic News Late Wednesday Evening 4-17-24
Good Evening Dinar Recaps,
Gold Standard Announcement:
"Russian gold exports have stopped since the start of this year after new exchange-rate-linked duties, Danil Volkov, director of the finance ministry’s tax policy department, told the Federation Council, the upper chamber of parliament."
This year, Russia is in process of abolishing their export duty on gold. This is a government tax on goods leaving the exporting country. It is collected by the customs authorities.
A gold-exchange rate-linked duty is a monetary system where a nation's gold can be converted into bills of exchange such as the Ruble. Such moves open the door to a Gold Standard.
Citizens in Russia are already making currency to gold and vice versa exchanges at their local bank.
Goldilocks' Comments and Global Economic News Late Wednesday Evening 4-17-24
Good Evening Dinar Recaps,
Gold Standard Announcement:
"Russian gold exports have stopped since the start of this year after new exchange-rate-linked duties, Danil Volkov, director of the finance ministry’s tax policy department, told the Federation Council, the upper chamber of parliament."
This year, Russia is in process of abolishing their export duty on gold. This is a government tax on goods leaving the exporting country. It is collected by the customs authorities.
A gold-exchange rate-linked duty is a monetary system where a nation's gold can be converted into bills of exchange such as the Ruble. Such moves open the door to a Gold Standard.
Citizens in Russia are already making currency to gold and vice versa exchanges at their local bank.
When this is fully implemented, we will begin to see a ripple effect of other countries seeing the advantages of such a trade especially as countries begin to form free trade agreements fully putting an end to tariffs and aligning their gold with local currencies. This will go a long way to leveling the playing field.
Is Bretton Woods 3 about to make an announcement?
WATCH THE WATER.
© Goldilocks
Mining Wikipedia Study Smarter Book Airfreight Britannica
~~~~~~~~~
Gold Exchange Standard: Definition, Impact & History | Study Smarter
~~~~~~~~~
LUMMIS, GILLIBRAND INTRODUCE BIPARTISAN LANDMARK LEGISLATION TO CREATE REGULATORY FRAMEWORK FOR STABLECOINS
Below is a link to the full version of what is being voted on... Lummis Senate
~~~~~~~~~
UPDATE MESSAGE FROM SAM OLIVER
~~~~~~~~~
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Goldilocks' Comments and Global Economic News Wednesday Evening 4-17-24
Goldilocks' Comments and Global Economic News Wednesday Evening 4-17-24
Good Evening Dinar Recaps,
Banking Announcement:
"HKEX Confirms Decision to Allow Issuers to Hold Treasury Shares. Allowing Hong Kong-incorporated issuers to hold treasury shares will give them 'greater flexibility in managing their capital structure.'"
These changes will take effect on June 11th, 2024. It will give Hong Kong companies more control over their capital.
During down times for their company, this will enable them to have an asset that will neutralize some of the capital flows needed during times of great economical challenges such as the one going on now.
© Goldilocks
Goldilocks' Comments and Global Economic News Wednesday Evening 4-17-24
Good Evening Dinar Recaps,
Banking Announcement:
"HKEX Confirms Decision to Allow Issuers to Hold Treasury Shares. Allowing Hong Kong-incorporated issuers to hold treasury shares will give them 'greater flexibility in managing their capital structure.'"
These changes will take effect on June 11th, 2024. It will give Hong Kong companies more control over their capital.
During down times for their company, this will enable them to have an asset that will neutralize some of the capital flows needed during times of great economical challenges such as the one going on now. Morgan Lewis
© Goldilocks
~~~~~~~~~
The tokenization and expansion of tokenized assets is well underway. Currently, we are seeing the expansion of Regulations on a Global scale. Along with this movement, payment structures and laws are being established for them.
Support mechanisms are being added two companies and various other institutions that will increase the net worth of companies going forward through Government issuance of assets backed by gold.
The new QFS is unlike any Financial System we have had before. This one is more comprehensive and inclusive of support mechanisms used by Governments to help sustain our economies during a crisis.
Of course, the backing of gold will supply the needed support going forward for the execution of this new set of Quantum Financial Technologies.
Perhaps, this is the reason why Governments are buying so much gold, and the certainty of a bull market in Commodities such as gold have never been more needed than it is now.
We are simply at the beginning stages of a bull run in gold, gold is a World Reserve Asset that is recognized by all countries. And, the need for it in use case scenarios appears to have no end. Gold Avenue
"All roads lead to gold, and digital gold will set us free."
© Goldilocks
~~~~~~~~~
Government Announcement:
"Top U.S. House Lawmakers Meet on Stablecoin Bill"
The House Financial Services Committee are currently meeting on what the next steps are going to be for pushing the legislative process forward on Stablecoins.
The Stablecoins will enable the world to pay for tokenized assets through digital mechanisms going forward.
There is an urgency to push these bills forward. Once MICA is complete at the end of May, countries around the world will have a working regulation process to finish their own testing of protocols and interface them on the Quantum Financial System.
At that point, we will witness the transition of our Global Economy transition into a Digital Financial System. This will reset many of the price actions on the markets and their correlating protocols with the banks. It will include all sectors of the market. Youtube Coindesk
© Goldilocks
~~~~~~~~~
Markup of H.R. 5535, H.R. 802, H.R. 7437, H.R. 7440, H.R. 7428, H.R. 4206, H.R. 4116. | Youtube
~~~~~~~~~
"There’s no plan for one massive ledger. Instead, there will be multiple unified ledgers. Tokenization reduces the need for messaging, cutting transaction delays, costs and reconciliations. By using smart contracts, programmability can enable automation, transforming the role of intermediaries to governance."
What is the concept of unified ledger?
"A Unified ledger brings together central bank digital currencies (CBDC), tokenized deposits, and tokenized assets onto common platforms." Ledger Insights
~~~~~~~~~
UK Finance announced that the Regulated Liability Network (RLN) has entered a new phase of experimental trials in the UK. The RLN aims to create a common ‘platform for innovation’ including tokenized deposits (https://www.ledgerinsights.com/tokenized-deposits/) alongside conventional deposits using a shared ledger. All of the largest British banks are participating: Barclays, Citi, HSBC, Lloyds, NatWest, Nationwide, Santander, Standard Chartered, Virgin Money as well as card firms Mastercard and Visa. Ledger Insights
~~~~~~~~~
World Economic Forum Announcement:
Today the World Economic Forum published a report on wholesale central bank digital currencies (wCBDC). The paper briefly summarizes many of the wCBDC initiatives and hones in on top level use cases and how a wholesale CBDC could address long standing industry challenges. Ledger Insights
~~~~~~~~~
Transcript of Global Financial Stability Report April 2024 Press Briefing | IMF
~~~~~~~~~
BRICS Announcement:
“More than 40 states are applying for membership in BRICS. And every month the number of such countries increases. This indicates that such a free, flexible form of interaction within the BRICS is very attractive ,” the politician said. | TV Brics
~~~~~~~~~
PayPal's Stablecoin For Cross-Border Payments Is Big News | Payments Journal
~~~~~~~~~
The Powerful AI Shaping the World: Meet Aladdin | Thinkpol News
~~~~~~~~~
Liquidity from global equity markets fuelling fresh investment in gold | Siasat Daily
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~~~~~~~~~
“We expect the market to consolidate prior to the halving and then expect the overall bull markets to continue,” they added. Bitcoin halvings are programmed to occur automatically every 210,000 blocks — roughly every four years. Mar 19, 2024 | The Block
~~~~~~~~~
"Bundesbank partners MIT for CBDC privacy research." | Ledger Insights
👆 More on this tomorrow...
~~~~~~~~~
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