Goldilocks "MultiCurrency Accounts and Digital Platforms" Sunday 4-30-2023
Goldilocks and Seeds of Wisdom
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RJ: Good morning Dinar Recaps,
Goldilocks posted explanatory comments with links this morning:
Europe is showing us their new project. After completing digital regulation procedures, they are now implementing their wholesale settlement process through digital ledger transmissions.
Wholesale settlement is the actual transfer of funds between Banks or Central Banks.
This digital process along with digital protocols and mechanisms to secure both sides of a trade through artificial intelligence is now going live in Europe.
© Goldilocks
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted explanatory comments with links this morning:
Europe is showing us their new project. After completing digital regulation procedures, they are now implementing their wholesale settlement process through digital ledger transmissions.
Wholesale settlement is the actual transfer of funds between Banks or Central Banks.
This digital process along with digital protocols and mechanisms to secure both sides of a trade through artificial intelligence is now going live in Europe.
© Goldilocks
Ledger Insights LINK
FedNow Service LINK
Alchemy Pay is a digital payment platform.
It's purpose is to make crypto currency payments easier for the general public.
It is designed to bridge fiat currency exchanges with the digital economy.
"Recently, Bank Indonesia granted licenses to Alchemy Pay and PT Berkah Digital Pembayaran (BDPay) to operate their money transfer and remittance businesses."
© Goldilocks
Indian Rupee Alchemy Pay LINK
What is Alchemy Pay LINK
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The House Financial Services Subcommittee is currently examining stablecoins' role in the new digital asset-based payment system.
And, they are working on proposed legislation that will enable federal protocols in issuing stablecoins.
These digital currency reforms are beginning to reach an implementation status that will allow them to become law.
© Goldilocks
JDSUPRA LINK
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Standard Charter is allowing people to apply for new multi-currency accounts that can be utilized on a debit card.
This multi-currency debit card allows you to hold several foreign currency accounts that can be utilized for payments.
You can order this card by June 30th with the ability to make transactions by July 31st.
I could not find an article on it, but I did find two promotional pieces. This article is to inform and not to recommend. Do your own research.
The world is going digital at a very rapid pace now.
© Goldilocks
Multicurrency Debit Card LINK
Multicurrency Master Card LINK
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Goldilocks "From CBI Banker" News Saturday PM 4-29-2023
Goldilocks and Seeds of Wisdom
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RJ: Good evening Dinar Recaps,
Goldilocks posted some comments and a link this afternoon:
Per phone meeting with CBI Banker today.
Iraq is planning on implementing their electronic payments on the QFS by June.
© Goldilocks
Goldilocks and Seeds of Wisdom
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RJ: Good evening Dinar Recaps,
Goldilocks posted some comments and a link this afternoon:
Per phone meeting with CBI Banker today.
Iraq is planning on implementing their electronic payments on the QFS by June.
© Goldilocks
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Per CBI Banker conversations. Here is where we stand so far.
By the end of May, Iraq's people will have their Visa and MasterCards loaded onto the new digital banking electronic system.
In June, the expectation for them is to migrate onto the QFS.
© Goldilocks
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We are about to experience more bank failures in May.
Look for currency interventions to begin in May and into June.
Our first currency intervention is Zimbabwe.
© Goldilocks
https://www.noradarealestate.com/blog/which-banks-are-in-danger-of-failing/
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Goldilocks " Zimbabwe and The Goldilocks Economy" Saturday 4-29-2023
Goldilocks and Seeds of Wisdom (SOW)
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RJ: Good morning Dinar Recaps,
Goldilocks posted commentaries and links this morning:
Visa and MasterCard's recent integration onto the QFS blockchain will enable global transactions - even large value settlements.
Look for Iraq to load their people's Visa and MasterCard by the end of May per CBI Banker contact.
Per another article verified by our contact, currency values will be changing between now and then if all goes well. Time will tell.
Goldilocks and Seeds of Wisdom (SOW)
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted commentaries and links this morning:
Visa and MasterCard's recent integration onto the QFS blockchain will enable global transactions - even large value settlements.
Look for Iraq to load their people's Visa and MasterCard by the end of May per CBI Banker contact.
Per another article verified by our contact, currency values will be changing between now and then if all goes well. Time will tell.
Our connections to Iraq are becoming as close as the push of a button through the global blockchain.
© Goldilocks
Crypto News Flash LINK
Coin Telegraph LINK
Yesterday, there were several articles about Zimbabwe going to a gold standard on May 8th, 2023.
Several things will begin to happen from that moment forward:
* Zimbabwe will be required to have enough gold to back every Zimbabwe currency that they print.
* It means that their exchange rate will be fixed against other countries to prevent a devaluation of their currency in trade.
* This will lower their inflation rate and prevent an overvalued exchange rate.
* It will lower debt ratios and create modest growth.
* Quantitative easing through monetary policy changes would be minimized.
* And finally, a gold standard stabilizes a currency's foreign exchange rate.
These changes lead to a Goldilocks Economy. "A Goldilocks economy is not too hot or too cold but just right—to steal a line from the popular children's story Goldilocks and the Three Bears.
The term describes an ideal state for an economic system. In this perfect state, there is full employment, economic stability, and stable growth. The economy is not expanding or contracting by a large margin."
© Goldilocks
My San Antonio LINK
ABC News LINK
Goldilocks Economy LINK
Investopedia LINK
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Goldilocks "Gold is the Bridge into the New Economy" 4-28-2023
Goldilocks and Seeds of Wisdom
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RJ: Good morning Dinar Recaps,
Goldilocks posted comments this morning:
Treasury yields are slipping to lower numbers this morning because of economic data and the FEDS one more possible rate hike.
Due to the economy tightening up and less liquidity coming through, the markets are expected to begin their journey towards real values.
This is why the rate hike season will be over next week if we even get one depending on what happens today.
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted comments this morning:
Treasury yields are slipping to lower numbers this morning because of economic data and the FEDS one more possible rate hike.
Due to the economy tightening up and less liquidity coming through, the markets are expected to begin their journey towards real values.
This is why the rate hike season will be over next week if we even get one depending on what happens today.
Right now, the markets are in red. As we discussed earlier this week, this is a day of concern on the market.
It is a pivotal moment for the markets. They will be looking for a leader. If the dollar cannot provide it, gold will and rise to move our markets toward higher ground eventually.
It is hard to reverse the course of a market with a debt so great. Only gold will have the power to carry the weight of our markets on its shoulders and move us into higher ground.
This is the great pause we have been looking for in the markets. It will require policy changes to move forward.
The movement toward a market bottom is underway. This doesn't mean we will not have bounces like we had yesterday, but they will be short-lived.
With a much lighter workforce, there is nothing to mobilize the dollar to move higher. Look for it to begin leveling off with other currencies around the world. This leveling off will allow them to move higher.
Nothing looks good across all markets.
Gold is the bridge into the new economy.
Gold is backing all of our assets across the board through a new tokenized market and economy. It's time to prepare ourselves and walk across it.
All roads lead to gold. Expect a repricing event in gold at any moment. Gold will set us free.
© Goldilocks
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Dee, Sam, and myself have another meeting today with our CBI Banker contact in Iraq.
It is the third day in a row. The first day's agenda was on the market. Yesterday's conversations focused on the digital economy. Today, we are talking about gold.
Gold is our liquidity folks for everything including our currencies.
© Goldilocks
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The Iraqi money is backed by foreign exchange, treasury notes and precious metals such as gold.
Their recent Banking Reforms have allowed movements towards establishing banking protocols. It puts them into a position of having a set of standards allowing them to move into the International stage.
Gold + Banking Standards/Protocols = Gold Standard
Iraq's currency is backed by gold. This is their moment, and why, we have a meeting on gold today. 😉
© Goldilocks
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Goldilocks "All Roads Lead to Gold" 4-27-2023
Goldilocks and Seeds of Wisdom
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RJ: Good morning Dinar Recaps,
Goldilocks posted comments and links:
"The debt limit “x date” — when the Treasury Department is at risk of running out of cash and wiggle room under the borrowing cap to pay bondholders and other obligations — will hit as early as June.
The exact timing will depend in large part on tax receipts the Treasury is still analyzing, but the department plans to release an updated forecast later this week or next."
It looks like we have a standoff on the debt ceiling. The two parties are now forced to come to the table and negotiate.
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted comments and links:
"The debt limit “x date” — when the Treasury Department is at risk of running out of cash and wiggle room under the borrowing cap to pay bondholders and other obligations — will hit as early as June.
The exact timing will depend in large part on tax receipts the Treasury is still analyzing, but the department plans to release an updated forecast later this week or next."
It looks like we have a standoff on the debt ceiling. The two parties are now forced to come to the table and negotiate.
If the debt ceiling does not pass, we will see the effects of this motion in June inside our economy.
June is shaping up to be a make or break deal for our country. Either way this scenario goes, our economy is about to be reshaped and reset.
As we have talked about before in this room, the revaluation of everything began March the 20th and goes until June 30th.
© Goldilocks
https://www.rollcall.com/2023/04/26/house-passes-1-5-trillion-debt-limit-increase-spending-cuts/
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The Stellar Network is receiving a big boost of liquidity for the digital monetary economy.
"Franklin Templeton's online US government money fund goes live on the Stellar Network."
The process of asset tokenization backed by real world values such as commodities is bringing a boost to the new digital banking system.
This new asset allocation from Franklin Templeton will begin to influence new pricing mechanisms across all sectors of the new digital market.
Institutional money is beginning to make its way into the markets and banking system.
When big money goes into the economy, it is meant to influence and support the direction of a new economy they are investing in going forward.
The old guard is falling away as the new quantum financial system is rising from the ashes.
© Goldilocks
https://ambcrypto.com/franklin-templetons-onchain-u-s-government-money-fund-goes-live-on-stellar/
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The Central Bank of Iraq launches a system that enables the remediaation of potential financial risks
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"Countries are using gold to rebel against the U.S. dollar as BRICS' influence grows."
The dollar has met its match. The days of weaponizing the dollar is over, and gold is rapidly becoming the great equalizer. We clearly have a currency war going on at this point.
Throughout history, gold has always won this war and treaties are signed as new deals are made between countries.
Gold is gaining traction and influence around the world. Look for a repricing event on gold, and a new global economy will emerge.
All roads lead to gold.
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Goldilocks post sent to Recaps Wednesday Afternoon
Good afternoon Dinar Recaps,
Goldilocks posted several statements:
Dee and I just heard from our CBI Banker contact that the articles as of late are true.
Iraq has been placed inside the Swift System and their Banks have been given the green light from the Trade Bank of Iraq to do foreign currency exchanges in their local banks.
No rate has been cleared for takeoff just yet.
© Goldilocks
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Good afternoon Dinar Recaps,
Goldilocks posted several statements:
Dee and I just heard from our CBI Banker contact that the articles as of late are true.
Iraq has been placed inside the Swift System and their Banks have been given the green light from the Trade Bank of Iraq to do foreign currency exchanges in their local banks.
No rate has been cleared for takeoff just yet.
© Goldilocks
~~~~~~~~~~
Based on information I am still receiving daily from the banking system and CBI contact, I do not expect anything to happen this week.
We are close.
And I just wanted to let you know it's hard to reset an economy that doesn't have real values on the markets or repriced settings on our commodity sector of the markets.
Repriced settings on the commodity sector of the market will enable us to move forward with new currency values here and abroad.
All roads lead to Gold my friends.
© Goldilocks
~~~~~~~~~~
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Goldilocks "Iraq is capable of doing foreign currency exchanges internationally." 4-26-2023
Goldilocks and Seeds of Wisdom
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RJ: Good morning Dinar Recaps,
Goldilocks posted comments and a link:
Trade Bank of Iraq: External transfers can be made through our branches through the Central Bank
The bank said in its statement received by Al-Mutala: “You can make foreign commercial transfers through the platform of the Central Bank of Iraq to all countries of the world through our bank’s branches through your accounts opened in Iraqi dinars with us and calculated at the official price approved by the Central Bank of Iraq, and economically prohibited countries are excluded from all banking transactions.”
Goldilocks and Seeds of Wisdom
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RJ: Good morning Dinar Recaps,
Goldilocks posted comments and a link:
Trade Bank of Iraq: External transfers can be made through our branches through the Central Bank
The bank said in its statement received by Al-Mutala: “You can make foreign commercial transfers through the platform of the Central Bank of Iraq to all countries of the world through our bank’s branches through your accounts opened in Iraqi dinars with us and calculated at the official price approved by the Central Bank of Iraq, and economically prohibited countries are excluded from all banking transactions.”
The Trade Bank of Iraq has made a formal announcement.
Their banks can presently conduct foreign trade transactions through the Central Bank of Iraq.
Going forward, Iraq is capable of doing foreign currency exchanges internationally.
~~~~~~~~~~
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Goldilocks "BRICS, SWIFT News and more" Tuesday 4-26-2023
Goldilocks and Seeds of Wisdom
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RJ: Good morning Dinar Recaps,
Goldilocks posted Commentaries and links this morning
Iraq News - Iraq Caught in Middle USD vs BRICS Will This Affect IQD Investors?
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted Commentaries and links this morning
Iraq News - Iraq Caught in Middle USD vs BRICS Will This Affect IQD Investors?
“Iraq’s entry into the SWIFT foreign transfer platform list has a positive impact on Iraq, which has led to the stability of the market on the one hand and preventing smuggling on the other.”
Iraq's current listing and implementation of their entry into the Swift System is now underway.
This will keep Iraq's currency secure and deliver more velocity to their National Currency near and far.
This is truly a monumental achievement for Iraq. It is an entrance into the International stage inside a global digital banking system.
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A great transfer of wealth is underway on the institutional level. Institutional money moves mountains in the global world of finance.
This amount of money is not moved very often. Only in times of transitions in our economy do you see these kinds of moves.
People with money along with banks are consolidating and positioning themselves for a transition. (See articles below)
© Goldilocks
Bloomberg LINK 1
Bloomberg LINK 2
Bloomberg LINK 3
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"The New Development Bank (NDB) of the BRICS group has begun to offer loans in local currencies."
When a Global World Reserve Currency loses its value as we are currently witnessing, new alliances are formed that establish new values in countries seeking refuge from the fall.
This new alliance being established with the BRICS Nations in the form of loans in a country's own local currencies will establish new credit for those countries who used to utilize the dollar for credit.
It will increase the demand for their own local currencies in the east, and these new lines of credit along with demand will increase their value.
© Goldilocks
https://watcher.guru/news/brics-new-development-bank-now-offers-loans-in-local-currencies-instead-of-us-dollar
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"Russia is launching a new payment system that is “bound by no restrictions” where digital currencies could be used in cross-border payments, said Russian Finance Minister Anton Siluanov. “Two parties come to an agreement, make settlement payments, and no other country could step in and freeze such payments,” the top official explained."
Oh my, this is going to be very attractive to countries trying to avoid sanctions under our current financial system.
This new movement of money will create money velocity in countries who take their sovereignty back and begin operating with their own local currencies.
New values are forming all over the world. At any moment, these new implemented values will begin to show up in our currencies.
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"The Commodity and Futures Trading Commission has sued 14 entities for fraudulently claiming to be registered as futures commission merchants (FCM) and retail foreign exchange dealers (RFED)."
The CFTC is cleaning house of exchange dealers for a reason.
This will enable people to make foreign currency transactions with a piece of mind.
As a group, we have been noticing how our new digital-asset based trading system is formulating security and clarity for our road ahead.
Currency reforms include cleaning the swamp.
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Wealth Managers have gone digital.
Digital Wealth Managers are currently utilizing digital tools with other established financial advisors to create standardized client experiences across all digital devices and platforms.
If you think our banks have not been in transformation this past year and a half, you might want to take another look.
© Goldilocks
https://www.hubbis.com/article/the-rise-of-digital-wealth-management-in-the-growth-markets-of-asean
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Goldilocks " All Roads Lead To Gold" 4-24-2023
Goldilocks and Seeds of Wisdom
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RJ: Good afternoon Dinar Recaps,
Goldilocks posted some comments and links this afternoon:
There are so many variables on this journey, so I wanted to make it easy for everyone to know when everything is complete.
No matter what happens to the markets or to the debt ceiling, one thing has to happen.
We need to have a repricing event in oil, silver, and gold.
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good afternoon Dinar Recaps,
Goldilocks posted some comments and links this afternoon:
There are so many variables on this journey, so I wanted to make it easy for everyone to know when everything is complete.
No matter what happens to the markets or to the debt ceiling, one thing has to happen.
We need to have a repricing event in oil, silver, and gold.
This is our liquidity event my friends that will give us what we're looking for on all sectors of the markets.
Nothing else will get us there.
© Goldilocks
Iraq implements two policies to support the Iraqi dinar against foreign currencies
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All roads lead to gold.
© Goldilocks
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In our present-day scenarios. Gold and the dollar were seen as safe haven assets in the past, and the dollar was capable of being weaponized to hold other currencies down.
At this time, central banks around the world account for 33% of the demand for gold. Because of this new trend, gold is currently capable of being weaponized against the dollar.
And, this is what we are seeing as the world is making known it's new preferences and trend for the global markets.
Gold is clearly the great equalizer, and it is leveling the playing field everywhere.
© Goldilocks
https://www.usagold.com/cpmforum/2023/04/daily-gold-market-report-27/
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It looks like we have movement on stablecoin legislation, and there is a great deal of urgency to see this pass.
Part of the issue in the past has been contradictions between the CFTC and the SEC on their understanding of virtual currencies.
The urgency has come from losing stablecoin providers. Some have moved out of the United States who is lacking clarity to other countries that will accept them. This is causing a great deal of revenue loss.
Once we see the digital-asset based trading system clarify these currency reforms in digital format, we will be able to move forward with their implementations and standardizations.
The biggest requirement going forward is that these stablecoins represent a country's currency has to have a one-to-one backing in a liquidity asset to keep these currencies stable during difficult times of crisis.
Here are the main issues that were brought up in the meeting just a few days ago.
“By requiring payment stablecoins to be backed one-for-one by high quality liquid assets held in reserve, the proposal mitigates run risk."
“The legislation also requires stablecoin issuers to comply with redemption requirements, monthly attestation and disclosures, and risk management standards. "
© Goldilocks
https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=408691
https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=408714
~~~~~~~~~~
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Goldilocks "Folks, We Are in a Hot Mess" Monday 4-24-2023
Goldilock and Seeds of Wisdom
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RJ: Good morning Dinar Recaps,
Goldilocks posted some comments with links:
Uh-oh. It looks like the debt ceiling has not been completely decided just yet.
Geopolitical issues on both sides are not budging on the debt ceiling at this point.
Bank defaults and consolidations remain an issue.
Goldilock and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted some comments with links:
Uh-oh. It looks like the debt ceiling has not been completely decided just yet.
Geopolitical issues on both sides are not budging on the debt ceiling at this point.
Bank defaults and consolidations remain an issue.
These issues along with the PCE or personal consumption expenditure index reading at the end of the week have the ability to affect our market by the end of the week.
Put simply, the general public is not capable of affording life in our present economy.
Folks, we are in a hot mess. A reset is near for the economy.
Look for monetary policy changes that provide liquidity through the repricing of oil, gold, and silver to be on the horizon.
This repricing event has and will be the accumulative effect of all of the digital asset-based trading changes that have been made in Congress to this point come alive
© Goldilocks
Trading Economics PCE Price LINK
Trading Economics Core PCE Price LINK
Town of Laronge CA LINK
CNN LINK
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In our present-day scenarios. Gold and the dollar were seen as safe haven assets in the past, and the dollar was capable of being weaponized to hold other currencies down.
At this time, central banks around the world account for 33% of the demand for gold. Because of this new trend, gold is currently capable of being weaponized against the dollar.
And, this is what we are seeing as the world is making known it's new preferences and trend for the global markets.
Gold is clearly the great equalizer, and it is leveling the playing field everywhere.
© Goldilocks
https://www.usagold.com/cpmforum/2023/04/daily-gold-market-report-27/
~~~~~~~~~~
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Goldilocks "We live in a 100% Gold-Backed Financial System at this point." 4-23-2023
Goldilocks and Seeds of Wisdom
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RJ: Good morning Dinar Recaps,
Goldilocks posted links and comments:
"Fed to deliver 25-basis-point hike in May, stay on hold rest of year: Reuters poll"
Several economists took a poll and believe that the Federal Reserve will raise interest rates one more time in May and hold off for the rest of the year.
Interest rates influence consumers' borrowing costs, credit cards, mortgages, and auto loan rates.
Each of these areas are of great concern to the economy at this point. Purchasing power has been brought to a halt and money velocity along with it.
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted links and comments:
"Fed to deliver 25-basis-point hike in May, stay on hold rest of year: Reuters poll"
Several economists took a poll and believe that the Federal Reserve will raise interest rates one more time in May and hold off for the rest of the year.
Interest rates influence consumers' borrowing costs, credit cards, mortgages, and auto loan rates.
Each of these areas are of great concern to the economy at this point. Purchasing power has been brought to a halt and money velocity along with it.
Liquidity is drying up and movement forward will require policy changes that will allow liquidity to minimize the damage done to the consumers of this economy.
Remember, consumers make up 70% of the market.
Look for a repricing event in the oil, silver, digital/currencies, markets, and gold at levels to revive a stagflated economy.
We live in a 100% gold-backed Financial System at this point.
Since the beginning of the year, we have been standardizing new protocols in the banking system and in the markets.
The tokenization of assets around the world supported by commodities are about to be activated on a global scale.
© Goldilocks
https://www.reuters.com/markets/rates-bonds/fed-deliver-25-basis-point-hike-may-stay-hold-rest-year-2023-04-20/
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"Bank of England Tests DLT Settlement System"
The Bank of England currently tested their digital ledger transmission system. This pilot program settled various transactions to secure and understand the network.
They now have cryptocurrency regulations complete as well.
And, they are currently scheduled to go through ISO 20022 migration on June 19th. This will connect them to the International Payment System.
Just because they have scheduled their international migration for June the 19th doesn't mean it won't do it earlier.
© Goldilocks
https://www.bankofengland.co.uk/payment-and-settlement/rtgs-renewal-programme/iso-20022
https://blockchain.news/news/bank-of-england-tests-dlt-settlement-system
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"BRICS: U.S. Dollar Fading as Supply & Demand Dips"
The dollar is about to level off with other currencies around the world.
This will send the price of gold to higher levels. Caps on the price of gold are currently being released to make up for the difference of purchasing power in our Global currencies.
As we move forward, new prices will be formulated on currency charts around the world.
As these currencies settle into new price actions on the market, a fixed rate of gold can be pegged to them. This will give currencies around the world a real value through standardization protocols and gold's hold on them.
I am referring to the digital/currency markets on Forex.
Libor contracts are flattening out at this point as there are a few left on the markets.
This process is currently underway as we finalize currency reforms.
© Goldilocks
https://watcher.guru/news/brics-u-s-dollar-fading-as-supply-demand-dips
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The United States is about to implement new crypto legislation that will restructure the digital asset market.
Everything is being tokenized on the markets, and new price actions will be formulating new chart patterns going forward based on commodities that support them.
At the same time, we are about to experience a market transition to real values based on real correlations.
Earlier this morning, we talked about how liquidity is drying up in the banking system and in the markets.
We have one more reading for the markets to do before the next FOMC meeting. It is the PCE index.
Personal consumption expenditures (PCE) is the primary measure of consumer spending on goods and services in the U.S. economy.
This is not expected to be good, and it will give the Federal Reserve a good look for monetary policy changes needing to be made as real values begin to show up in the market.
Everything is about to go to real values. Hang on.
© Goldilocks
https://investorplace.com/2023/04/stock-market-crash-alert-mark-your-calendars-for-april-28/
https://www.coinspeaker.com/united-states-new-crypto-legislation/
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