Goldilocks "SOFR, Basel lll and more" Thursday 5-11-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ:  Good morning Dinar Recaps,

Goldilocks posted comments and links:

"Synchrony Financial: Q1 2023 Basel III Pillar 3 Regulatory Capital Disclosure Report | MarketScreener"

We are beginning to see several changes to market reports in the mornings. 

More references to SOFR lending practices and Basel 3 Capital requirements.

There are cautionary remarks taking place at this time in these reports that reminds investors to be aware of forward-looking statements. 

These forward-looking statements cautions speak to uncertainties taking place in the market. 

In other words, look for the Banking System and Market System to begin going into real values at any moment. 

© Goldilocks

Marketscreener-1 LINK

Marketscreener-2 LINK

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Iraq votes on their new Budget May 17.

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Breaking:

Pacwest Bancor sinking shares are 80% year-to-date. Regional Banks are back in the red today.

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"Basic Info. US Producer Price Index is at a current level of 140.86, down from 141.57 last month and up from 137.04 one year ago."

I spent some time taking a look at the PPI Index this morning.

The Producers Price Index is indicating that it is lower than expected.

The current level is 140.86 and down from 141.57 last month.

This indicates that we are in an economic downturn.

© Goldilocks

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Goldilocks "A repricing event in Gold will give us liquidity to move into a Global Currency Reset."

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ:  Good morning Dinar Recaps,

Goldilocks commented on may links this morning to help explain where we are:

The debt ceiling is continuing to be a great concern. President Biden and Senator McConnell commit that the US will not default on its debt.

Futures are under pressure because of CPI data coming out this morning. Inflation is expected to have risen.

Paramount Global is cutting 25% of their staff from TV networks. They will be shutting down MTV News.

Uber launches flight bookings in UK travels super app push. 

Asian and European markets slip ahead of US inflation data. 

Oil falls on higher US crude supply as inflation data is in focus. 

© Goldilocks

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BREAKING: 🇺🇸 US inflation falls to 4.9%, lower than expectations.

LINK

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The CPI Index reading has just been announced.

"The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas."

https://www.bls.gov/cpi/#:~:text=The%20Consumer%20Price%20Index%20

Inflation has been moving sideways the last few months. And, this is no longer seen as a pressure point for the markets.

Wage inflation is beginning to moderate, and the hopes of a pause on interest rate hikes are coming into focus.

The next data pressure point for the markets will be the debt ceiling.

© Goldilocks

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The debt ceiling is the next data pressure point for the market. 

How this is handled will go a long way in determining investor choices. 

If the choices made or not perceived to support the market,  we will see movement towards the commodity markets and our new commodity-based digital system.

Many countries are already moving toward a digital asset-based trading system and returning to a national currency backed by gold. 

This de-dollarization process is becoming a real eye sore at this point. 

It looks like we are reaching a crossroads. The impact of the dollar and it's influence on the global markets is beginning to level off with other currencies.

This shift in global power and global wealth transfer is becoming more of a possibility at this point. 

All countries are in process of completing their digital/currency reforms and standardizing banking protocols under a digital/gold-backed system. 

A repricing event in Gold will give us liquidity to move into a Global Currency Reset.

© Goldilocks

LINK

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"The figure dropped by more than a third month-over-month from the number of FX contracts in March 2023, which was reported at 37,000. Additionally, the Atlanta-headquartered futures exchange operator registered a similar decrease in FX volumes when compared to April 2022."

Forex transactions have declined significantly. Some of this is due to currency reforms taking place around the world and waiting on a repricing event on the commodity markets that are tokenized to support them. 

Digital/currency standards are beginning to take shape at this point on the State levels and moving into the Federal level.

The GCR is moving into a final phase of development and implementation status.

© Goldilocks

https://financefeeds.com/ices-fx-volumes-slow-sharply-in-april/

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Buybacks are used to reduce a country's national debts especially when it can be done at a discounted rate.

We are moving into such an era. As the markets are being set up for real values, the US Treasury is positioned well with all the gold in their possession to buy back bonds that support a Country's Financial System. 

A SOFR lending system will add even more support for this to become a reality. 

Gold is expected to raise in value for the next 8 to 10 years to bring in even more support. 

Things are about to change dramatically. Buckle up buttercup.

© Goldilocks

LINK

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Goldilocks "Gold Will Set Us Free" Monday 5-8-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

Good morning Dinar Recaps,

Goldilocks started off the morning with a commentary on where we are followed by links with comments:

The markets are mixed opening up this morning as the debt limit is coming into focus.

We are at a crossroads. It is going to take large sums of money and use of the commodity markets to utilize and create a technological society.

So many questions are being left unanswered. The move ahead will require creativity beyond the imagination of the world in which we presently live.

Everyone is going to have to step up no matter what decisions are made. The evolution of what it means to be human is currently on trial.

This week inflation data is in focus. We are going to take a look at the CPI and PPI indexes.

For the last 2 years our markets have been flat and going nowhere as debt limits continue to break through the ceiling.

The key in moving forward will be opening up our economy with liquidity. This is why a pause in raising interest rates is on the table.

A repricing event in the commodity markets will lead the way as the dollar falls into alignment with currencies around the world inside new exchange rates across the board.

All roads lead to gold.

© Goldilocks

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Basel 4 is the implementation of Basel 3. We are currently inside the revaluation of everything that is the end on June 30th.

The next steps that follow will be the full implementation of Basel 4.

The new rules on the banking system will affect the markets at that time creating new algorithms and new liquidity forging new paths into unfamiliar territory.

"Where we go one, we go all."

© Goldilocks

http://www.zerohedge.com/markets/basel-iv-rules-are-coming-and-will-make-bank-lives-even-more-difficult

https://www.investopedia.com/basel-iv-5218598

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"Fed Reveals 722 Banks Reported Unrealized Losses Over 50% of Capital as Concerns Over US Banking Crisis Grow"

This is a huge toll on the banking system and the US economy.

We are living in a time whereby movement forward will require a major change in the way we provide liquidity to the banking system and the markets.

As we continue to look for a repricing event in gold, look for more banking consolidation efforts to take place.

Gold will set us free.

© Goldilocks

https://news.bitcoin.com/fed-reveals-722-banks-reported-unrealized-losses-over-50-of-capital-as-concerns-over-us-banking-crisis-g

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Breaking News:

In about 30 minutes, Zimbabwe goes live on many platforms around the world with their gold-back currency tokens.

They are looking for the New Development Bank in the BRICS system to help fund this project.

Look for a ripple effect in the global economy as this new monetary policy moves forward.

© Goldilocks

https://qz.com/zimbabwe-gold-backed-digital-currency-us-dollar-1850407861

https://www.businessweekly.co.zw/zim-turns-to-brics-bank-for-funding/

row/

https://news.metal.com/newscontent/102204646/a-bull-gold-market-has-just-begun

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Goldilocks "As The Old System Dies, A New One Will Rise" Sunday 5-7-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ:  Good morning Dinar Recaps,

Goldilocks posted several links with comments this morning:

"A guide for financial institutions on the risks of dealing in virtual currencies and virtual asset service providers and their use by money launderers and terrorist financiers" 

This set of final instructions on how to deal with their new digital asset-based trading system comes just before their citizen's Visa and MasterCards are loaded onto the new electronic financial system per our CBI Banker contact this month.

In June, Dee and I were told that Iraq currently plans to migrate onto the QFS if all goes well. 

© Goldilocks 

https://cbi.iq/news/view/2322

Pre-hedging is a form of hedging of inventory risk in anticipation of a potential incoming transaction. 

"CFTC Enforcement Action Shows a Sharp Focus on Pre-Hedging Disclosures."

Commodity Futures Trading Commission (CFTC) is taking a closer look at their disclosure requirements for swap dealers. 

There continues to be more and more activity surrounding their swap dealer's requirements as of late. 

It is clear, that many financial institutions are preparing for a recession and large sums of money coming in at the same time. 

Many people have been anticipating this reset and bought into the new monetary system on the other side of this old Financial System falling apart. 

As the old system dies, a new one will rise.

© Goldilocks
JDSupra LINK

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Goldilocks "This is What a Reset Looks Like" Saturday 5-6-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ:  Good morning Dinar Recaps,

Goldilocks posted explanations/comments and links:

(Reuters) -"Scope Ratings on Friday placed the United States of America's AA long-term issuer and senior unsecured debt ratings in local and foreign currency under review for a possible downgrade due to longer run risks associated with the misuse of the debt ceiling instrument."

Unsecured Debt means indebtedness for borrowed money is not supported by a guarantee, letter of credit or other form of credit enhancement.

This is another reason the US has to finish their digital/currency reforms and move away from a fiat system to some form of gold standard.

This matter is inside an urgent status at this point where the danger of a lower credit rating will soon be applied to both local and foreign currency statuses that will affect exchange rate policies.

And then, we still have a debt ceiling crisis that does not make the matters any better.

For this reason and others,. We are witnessing a transition into a gold backed economy currently being standardized through reforms that will lead us into a gold standard set of protocols for the banking and market sectors.

© Goldilocks

https://gazette.com/news/us-world/scope-ratings-places-us-credit-ratings-under-review-for-possible-downgrade/article_95667a3e-a17a-554c-ae00-a88114e02063.html

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"The Commission is adopting amendments to Form PF, the form that certain investment. advisers registered with the Commission use to report confidential information about the private funds that they advise. Form PF provides the Commission and FSOC with important. (3 days ago)"

This along with broker-dealer relationship upgrades to contracts are being revised.

There is a particular section in there that caught my interest. It it dealt with people receiving large sums of money and the need to report it because of its effect on the marketplace.

Also, there was a section inside these articles that dealt with reporting large sums of money when transferred between accounts.

These new updates had a lot to do with securities.

What makes a currency a security?

"According to the Howey Test, for a transaction or an asset to be regarded as a security, it must satisfy the following: "investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others."

https://www.makeuseof.com/are-cryptocurrencies-securities/#:~:text=According%20to%20the%20Howey%20Test,from%20the%20efforts%20of%20others.%22

© Goldilocks

https://www.jdsupra.com/legalnews/sec-adoption-of-current-reporting-and-6424370/

https://www.mayerbrown.com/en/perspectives-events/publications/2023/05/sec-issues-staff-bulletin-clarifying-care-obligations-of-broker-dealers-and-investment-advisers

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I showed you a report yesterday indicating how Regional Banks were bailed out. I posted it again in the link below. 

We were told that the jobs reports were so good that a turn of these events allowed the markets to move into green on Friday. 

Many times reports are revised a month or two later allowing banking interventions to be resolved.

Whether or not these reports were true that were given to us yesterday, the fact still remains gold's breakout was suppressed because of it. 

This gives us a little bit more time to transition many smaller banks into the larger ones. 

This is what a reset looks like.

© Goldilocks 

Kitco LINK

Investors LINK

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Goldilocks ""Digital Currency Reforms Have To Be Done By June 30th" 5-5-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ:  Good afternoon Dinar Recaps,

Goldilocks posted the following links with commentary - This one is BIG - Explains the FINAL STEPS!

On June 30th, 2023, Libor contracts will cease and SOFR lending services will operate 100% around the world.

This will be done electronically through broker-dealer relationships and contracts made within government agencies.

This is why our digital/currency reforms have to be done by June the 30th.

The revaluation of everything will be complete at that time.

At that point, look for the implementation of regulations that standardize the process of digital asset-based trading systems.

This is what will allow us to move into a Gold Standard. Look for an announcement sometime after this is completed.  

Banking and Market protocols will be in place on a digital level that will tokenize our assets backed by real world commodity assets.

Soon after this is done, we will see companies and governments bridge their assets or connect them to one another allowing for cross-border international trading to commence.

At that time, we will begin to see the world begin to transition into the new global economy.

© Goldilocks

https://www.jdsupra.com/legalnews/cfpb-and-federal-banking-agencies-issue-8779850/

https://www.finra.org/rules-guidance/notices/information-notice-042723

https://www.jdsupra.com/legalnews/troutman-pepper-weekly-consumer-9859289/ 

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Goldilocks : "The Clock is Ticking" Friday 5-5-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

Good morning Dinar Recaps,

Goldilocks posted explanations/comments and links this morning:

The jobs reports just came in a few minutes ago. Overall, it's showing that it is holding its own and currently giving the FEDS a reason to raise interest rates another time or two.

The jobs reports revealed that there is a slowdown in jobs, but it is not as significant enough as hoped by the FEDS to claim victory over inflation just yet.

This will take a toll on Regional Banks and create more of a liquidity crisis going forward which can and will affect future job reports.

Liquidity is quickly becoming an issue and good reason to continue on with digital/currency reforms. This is why digital/currency reforms are in the forefront in Congress, and they have until the end of June to finish them.

© Goldilocks

https://finance.yahoo.com/news/short-sellers-flocking-us-banks-085536867.html

https://www.theguardian.com/business/2023/may/05/us-banking-crisis-risks-becoming-self-fulfilling-prophecy-analysts-say

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Here's where we stand on the legislation efforts taking place in Congress on Stablecoins.

Currently, there is a battle going on with the labeling and definition of what a Stablecoin is and represents.

Stablecoins represent a country's currencies, as such, the labeling and defining of its use case scenarios will determine how it is processed through the new digital-asset financial system.

The battleground is over whether to call Stablecoins digital assets or tokenized deposits.

The focus is moving towards tokenized deposits due to the nature of regulatory requirements it will take to move them through the system.

"We have four credible options on the table – fiat-backed, nonbank-issued stablecoins such as USDT and USDC, fiat-backed bank-issued stablecoins such as EUR CoinVertable, CBDCs and tokenized deposits."

Each of these Stablecoins is currently on the market. They are presently competing with one another for top bid and being studied closely.

The clock is ticking to meet the June 30th deadline, but these are the issues we are dealing with that will allow us to move forward.

© Goldilocks

https://www.coindesk.com/policy/2023/05/03/us-sec-changes-its-mind-on-officially-labeling-digital-assets/

https://finance.yahoo.com/news/stablecoin-olympics-no-winner-184225439.html

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Goldilocks: "Iraq, China, UST and more" Thursday 5-4-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ:  Good morning Dinar Recaps,

Goldilocks posted explanations/commentaries with links this morning:

"A guide for financial institutions on the risks of dealing in virtual currencies and virtual asset service providers and their use by money launderers and terrorist financiers .." For information, click here  

Iraq is still in process of completing their digital-asset based trading system currency reforms.

It looks like the United States and Iraq are both in their final stages of completing digital/currency reforms.

© Goldilocks

https://cbi.iq/news/view/2321

China and the US are in process of decoupling several manufacturing products.

This will affect several sectors of the market. And, it is creating the worst week for stocks since March. We are witnessing a catalystic event that will move our markets into real values.

This will take a heavy toll on the dollar as it moves to find it's real value among countries who are decoupling from the use of it in trade. Look for other currencies to begin making their move into real values as well as gold and silver find their place in this new world.

We have several Regional Banks under pressure. Pacwest Bank is the most recent one that is looking at their options because of it.

This is going to tighten liquidity and make lending much tougher to acquire. It will put even more people out of work and require the need for more Artificial Intelligence to replace them.

The world around us is changing and the movement into a technological society is becoming more prevalent.

The Fed basically raised interest rates for the 10th time yesterday, and Jerome Powell left a message that if more is needed it will continue to fight inflation. This is why we saw the markets take a nose dive after his reading yesterday.

The future is filled with a lot of uncertainty, but one thing is very clear. We will be heading into it with a huge emphasis on technology, and the commodity sectors of the market will be very much a part of it.

Artificial intelligence is about to change all of society. In many ways, the movement into a metals-based trading system was inevitable. It is the world we now live in and breathe.

© Goldilocks

https://www.cnn.com/2023/05/03/investing/pacwest-bank/index.html

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For the first time in decades, the US Treasury Department has announced that they will begin early next year buying out our government's debt.

This will provide new liquidity movement for the markets and the banking system.

As our markets and banking system go into real values this year, this will give us a clearer picture of how much debt the US Treasury is going to have to acquire.

This is a formal announcement that the US Treasury is clearly taking over. It is also why we are moving from a Libor lending system to a SOFR lending system.

Remember, "whoever owns the most gold makes the rules."

© Goldilocks

https://worldnewsera.com/news/finance/stock-market/us-treasury-announces-first-buyback-scheme-in-decades-to-boost-liquidity/

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NEW YORK, May 2 (Reuters) - "A decade after a manipulation scandal turned global regulators and investors against the London Interbank Offered Rate (LIBOR) as the global interest rate benchmark, major clearing houses are in the final weeks of the nearly $50 trillion transition of the U.S. rate swaps market to its successor."

As you can see, this is a major undertaking to swap out the old Fiat Systematic Structure that provided Banks and Markets liquidity to a commodity-based one inside SOFR contracts.

Again, our government and companies in the US have until June 30th to complete this process.

© Goldilocks

https://www.reuters.com/markets/rates-bonds/libor-successor-home-stretch-for-transition-giant-us-swaps-market-2023-05-02/

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Goldilocks "The Fed News and More".....Wednesday 5-3-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ:  Good morning Dinar Recaps,

Goldilocks posted comments and links:

The FED is expected to raise interest rates, but what comes next is the question. Bank consolidations are expected going forward.

What people don't realize is that we have more Banks than any other Nation in the world, and some of these changes have been needed for some time even under a good economy.

The problem is that small Banks and midsize Banks are good for the local economy. There is a level of trust there and co-ownership possibilities you can't get in a Big Bank.

© Goldilocks

"US Supreme Court to Consider Curbing Authority of Federal Regulatory Agencies."

The SEC and the CFTC are currently at odds decisions being made over the cryptocurrency market.

The idea of who is in charge and who gives the final rules for these crypto currency assets are unclear along with the lack of regulations to govern.

Two appeals are happening at this time:

An appeal seeks to overturn ruling giving US agencies authority, and

The Court will take up the regulation case for review in October term.

© Goldilocks

https://coingape.com/us-supreme-court-agrees-to-abolish-us-sec-cftcs-powers/

https://www.bloomberg.com/news/articles/2023-05-01/supreme-court-to-consider-toppling-precedent-curbing-agencies

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"Wider Use of National Fiats of BRICS States to Precede Launch of Single Currency."

At this time, the BRICS Nations in the East are choosing to promote their National paper currencies before they move into a single asset-based trading digital currency.

The broader use of their local paper currencies will add value to them through demand. This new demand on local currencies will help to sustain countries from within before reaching out into a broader context collectively.

© Goldilocks

https://news.bitcoin.com/brics-to-promote-national-currencies-before-issuing-common-one/

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Goldilocks "Current Conditions, Explanations, Comments and Links" 4-2-2023

Goldilocks and Seeds of Wisdom

Thank you RJ 

RJ: Good morning Dinar Recaps,

Goldilocks posted current conditions, explanations, comments, and links:

Small business pulse check wage and job growth are beginning to slow.

Liquidity is beginning to tighten increasing this issue.

And, it is the small businesses that drive the economy that is lagging.

Australia's Central Bank surprises with rate hike of 25 basis points.

Treasury Secretary Janet Yellen warns the US could reach the debt limit as early as June 1st.

Congressional leaders are meeting at the White House for debt limit crisis on May 9th.

HSBC Q1 profit more than triples on higher rates and plans 2 billion in BuyBacks.  

BP Q1 profit rises to 5 billion as shares buy backs are reduced.

Morgan Stanley to cut 3,000 jobs in Q2 as deal-making slumps.

IBM expects to pause hiring for thousands of jobs and could be replaced by artificial intelligence.

FDIC recommends raising insured deposit limits for businesses.

Hollywood writers go on strike today after talks saying they face existential crisis.

Asian markets mixed ahead of the FED meeting.

Mainland China closed for Labor Day.

European markets mixed as investors look ahead to Fed meeting.

Oil is steady ahead of the FED meeting.

ECB meetings this week as economic fears are being weighed against potential US crude draw.

Gold prices are flat on caution ahead of Fed meeting.

Not only are big Banks buying out small Banks, but it looks like big companies are buying out small companies.

Reversing these trends for the middle class looks as though it is going to have to come from within.

It starts where you live. It is time that people rise up from the ashes and recreate the destruction of the middle class with collaborative efforts in his or her community.

We have people who will soon receive a lot of money that are thinking big. We already have a lot of that going on at this time. You might just want to look in front of you.

If you want an example of a country that is rising from the ashes, look no further than the 1st article below.

© Goldilocks

https://cbi.iq/news/view/2317

https://www.reuters.com/markets/rates-bonds/bond-investors-fearing-recession-boost-safety-bets-ahead-fomc-2023-05-01/

https://www.forbes.com/sites/simonmoore/2023/05/01/fed-expected-to-raise-rates-again-the-bigger-question-is-what-follows/

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Get ready for changes to happen in the global markets and the global economy.

Crypto regulations are setting the stage for massive changes in the way we do business on every level.

Congress has set a huge priority on completing the digital currency reforms within the next 2 months that will guide our banks and markets going forward.

Below are two major concerns that they have in designing guidelines and regulations to set protocols that will move us forward:

1. "Joint Committee hearings set the stage for crypto oversight."

2. "National security and cybercrime focus in new bill."

Look for a new legislation and laws to be implemented by the end of June.

© Goldilocks

https://www.benzinga.com/markets/cryptocurrency/23/05/32127050/get-ready-for-change-us-government-to-ready-crypto-regulations

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Artificial Intelligence is cornering the market. AI intelligence driven investment plans are moving from the trading platform to local businesses.

These machine driven mechanisms are capable of plotting paths forward into the future of a business we have not seen before in history.

In many cases, a 30% or more in production effort and success are being seen.

Stablecoin regulations are at the heart of this new frontier, and it is here to stay.

© Goldilocks

https://viewpoints.reedsmith.com/post/102idpp/stablecoins-and-machine-learning-the-future-of-investment-trading

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Decade long rally leaves U.S. currency as much as 15% overvalued, Goldman Sachs says"

The US economy is no longer seen as the exception.

Since last September, the dollar has fallen over 8%.

Look for the leveling off of currencies to commence at any moment.

As the dollar falls, other currencies will rise around the world as well as gold that backs them.

© Goldilocks

https://www.wsj.com/articles/the-air-has-come-out-of-the-dollar-36c4c03f

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Goldilocks "Banking and Crypto News" Monday 5-1-2023

 Goldilocks and Seeds of Wisdom

Thank you RJ

RJ:  Good morning Dinar Recaps,

Goldilocks posted comments and links this morning:

Regulators are seizing First Republic and JP Morgan is going to acquire all of the bank deposits and buy them out.

Last year, we talked about this happening in the future. Banks would be consolidating towards the end of the old financial system.

Many of the big banks are well prepared to move forward into the new age of technology.

JP Morgan was given the task of heading up the crypto space and moving the banking system into Web 3.

As we integrate our banking system into the new digital asset-based trading decentralized system, we are going to witness banks who have prepared themselves for this transformation move forward and those who have not be absorbed into those who have.

© Goldilocks

https://www.reuters.com/business/finance/california-financial-regulator-takes-possession-first-republic-bank-2023-05-01/#:~:text=May%201%20(Reuters)%20%2D%20JPMorgan,to%20fail%20in%20two%20months.

"IOTA, Ripple and Stellar to conquer trillion-$-market with SWIFT under ISO 20022 reglation – Report"

Iota, Ripple, Stellar, and the Swift System are currently merging together to work as one.

The merging of these new and traditional banking systems will allow cross-border payments to move more efficiently and much faster.

Ripple is the banking coin that will move money. Stellar will move money through a digital ledger transmission system recording on both sides of a trade the transaction. Yet, most people know so little about Iota.

IOTA is a smart contract platform designed to move payment transactions between digital devices connected to the internet. Iota will be responsible to ensure that both sides of a trade have adequate funds to secure the transaction and fulfill it.

Other changes may be taking place going forward, but this is how we will begin our journey into the new digital banking system taking what we have learned from the old financial system to move forward into the new one.

© Goldilocks

https://www.crypto-news-flash.com/iota-ripple-and-stellar-to-conquer-trillion-market-with-swift-under-iso-20022-reglation-report/

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Stablecoin regulation is moving forward, but it is moving slower than was expected at the first of the year.

"The United States House of Financial Services Committee (HFSC) and the House Agricultural Committee (HAC) are putting together legislation that would supervise the crypto sector."

The US Government is expected to have legislation in place by the end of June.

This just so happens to be the end date for the revaluation of everything.

June 30th, just so happens to be the end of Libor contracts and the complete movement into SOFR lending contracts.

A pause on interest rate hikes is not expected in May, but it is expected in June. This will allow a shifting in price corrections on the market and in the banking system that will allow us to reset our economy.

© Goldilocks

https://www.iflr.com/article/2binv9xoxvoip0umsbtvl/libor-transition-the-final-leg-of-the-marathon

https://www.thecoinrepublic.com/2023/04/29/the-united-states-will-have-a-crypto-bill-in-2-months-mchenry/

https://www.assetservicingtimes.com/assetservicesnews/industryarticle.php?article_id=14290&navigationaction=industrynews&newssection=industry

https://www.forbes.com/sites/digital-assets/2023/04/30/stablecoin-regulation-is-slowly-moving-forward-what-investors-need-to-know/

https://www.banklesstimes.com/news/2023/04/29/us-govt-will-have-crypto-legislation-by-june/

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