Goldilocks "Isn't it amazing how July 1st 2023 keeps showing up" 6-11-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted news links and comments to help us understand where we stand:
Our next banking benchmark is June 19th, 2023. The Bank of England migrates to the ISO 20022.
At this point, some of the largest banks in the world will be on board with the International Messaging System running inside our three Global Nation Payment Systems.
This will be a migration of one of the largest Banks around the world where cash flows run through internationally.
© Goldilocks
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted news links and comments to help us understand where we stand:
Our next banking benchmark is June 19th, 2023. The Bank of England migrates to the ISO 20022.
At this point, some of the largest banks in the world will be on board with the International Messaging System running inside our three Global Nation Payment Systems.
This will be a migration of one of the largest Banks around the world where cash flows run through internationally.
© Goldilocks
https://www.bankofengland.co.uk/payment-and-settlement/rtgs-renewal-programme/iso-20022
"Bank of America, Wells Fargo and JPMorgan Chase Close New York Branches in Three Months: What’s Happening?"
A friend of mine in the banking system shared with me about some of the new regulations that have recently come out.
* Each bank has to have a certain number of accounts in it and a certain amount of money to keep it open.
* Banks are required to give a 90-day notice for customers to be able to move their funds.
This is one way to put pressure on people to learn how to use online banking.
Some of these funds will go into digital currency accounts designed for investment purposes.
Others will hold precious metals including 1 million copper pennies as we saw in yesterday's article.
Watch your nickels and pennies closely. We are moving into a technological society my friends. Get ready.
I expect many changes to start happening by the first of the month at a very rapid pace.
© Goldilocks
The Cleveland American LINK
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Cross Border International Trading digital mechanisms are still being updated and will be on an ongoing basis.
The decentralization of our new monetary system will require scalability mechanisms that will allow digital money to move from one country to another at a very rapid pace.
This will enable secure transactions of foreign currencies around the world.
© Goldilocks
BSC News LINK
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"All licensed exchange companies of the two categories (A, B) are kindly requested to provide us with a report evaluating the risks of money laundering and terrorist financing in their companies, along with providing us with the treatments and measures taken to reduce these risks, provided that we receive the answer no later than (1/7/2023 )."
Isn't it amazing how July 1st 2023 keeps showing up. 😉
© Goldilocks
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"The IMF has told Pakistan it needs to secure additional external financing, scrap a swathe of populist subsidies, and allow the rupee to float freely against the dollar before unlocking another tranche of the $6.5 billion facility."
Currencies with a floating exchange rate trades without any restrictions. This will allow supply and demand to determine exchange rates for the Indian Rupee.
Here, we have another country changing their trading mechanisms to allow an open exchange system that will give them control over their own exchange rate.
It's all happening on the water my friends. Watch the water.
© Goldilocks
https://insiderpaper.com/pakistan-unveils-51-billion-budget-with-half-to-service-debt/
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Late Saturday Night Goldilocks: "Israel, Pakistan, Honduras and more" 6-10-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good evening Dinar Recaps,
Goldilocks posted some news on Iraq and several other interesting articles:
Israel poised to release world's first digital government bond
The collaboration between the TASE and the Finance Ministry's Office of the Accountant General "marks a significant milestone in revolutionizing the settlement and issuance processes in traditional capital markets," the TASE said.
Goldilocks and Seeds of Wisdom
Thank you RJ
Good evening Dinar Recaps,
Goldilocks posted some news on Iraq and several other interesting articles:
Israel poised to release world's first digital government bond
The collaboration between the TASE and the Finance Ministry's Office of the Accountant General "marks a significant milestone in revolutionizing the settlement and issuance processes in traditional capital markets," the TASE said.
Breaking News:
Bank of America, Wells Fargo and JPMorgan Chase close New York Branches in Three Months.
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Pakistan has expressed its interest in joining the BRICS.
The list is getting very long.
Read: https://twitter.com/goldtelegraph_/status/1667617380565135360?s=46
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Honduras applies to join BRICS New Development Bank - World - Chinadaily.com.cn
https://www.chinadaily.com.cn/a/202306/10/WS6484562ca31033ad3f7bb8fa.html
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Goldilocks "Watch The Water" Saturday 6-10-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks continues today with lots of news and comments to help with understanding what is happening this month:
Zimbabwe has just moved into a trade liberalization policy. This reduces barriers to trade among countries such as tariffs and quotas.
Reducing barriers to trade lowers the cost of goods sold in importing countries.
Zimbabwe has just enacted a monetary policy that gives them more purchasing power. It increases the demand for their currency, and this demand will increase its value.
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks continues today with lots of news and comments to help with understanding what is happening this month:
Zimbabwe has just moved into a trade liberalization policy. This reduces barriers to trade among countries such as tariffs and quotas.
Reducing barriers to trade lowers the cost of goods sold in importing countries.
Zimbabwe has just enacted a monetary policy that gives them more purchasing power. It increases the demand for their currency, and this demand will increase its value.
© Goldilocks
https://www.chronicle.co.zw/wholesale-foreign-exchange-auction-allots-us112mln-to-banks/
Zimbabwe has also devalued it's current currency exchange rate.
This announcement has came during a time of a currency crisis that required an intervention.
They decided to set up new mechanisms of trade stating they would sell hard currency
“at the market-determined exchange rate."
This moves them off of a predetermined exchange rate and on to a new exchange rate based upon the demand for their currency.
These new prices will evolve into new price action patterns and be supported by the gold they hold extending their net worth.
© Goldilocks
Central Banking LINK
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Central bank to announce new monetary policy soon."
Bangladesh is adopting a similar policy as Zimbabwe whereby they are going to allow the market to determine their new currency exchange rates.
They went on to say that this new change is expected to come in July.
Do you see a pattern taking place yet regarding SOFR lending services and how it will transform monetary policies regarding exchange rates going forward?
Watch the water.
© Goldilocks
https://www.observerbd.com/news.php?id=423169
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"US House to Provide Clarity on the Digital Asset Ecosystem"
Congress has a draft with bipartisan support of the Democrats and the Republicans on Stablecoins. It will now move forward into the legislative process.
This will provide direction for a new digital asset-based trading system allowing for a standardized approach to international trade and exchange rates.
It's all about the water my friends.
© Goldilocks
https://coingape.com/us-house-releases-stablecoin-bill-bring-clarity-giving-fed-authority/
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Institutional Kitchens Being Warned "Have Food Stored for 10 Day Disruption in Supply Chain"
This is probably a good idea for the average person to do the same.
We all knew this was coming. Our 10 days of darkness into light are clearly upon us.
This should be just enough time to make changes to a new digital asset based trading/monetary system.
Watch the water.
© Goldilocks
Hal Turner Radio Show LINK
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While everyone else is watching the budget pass in Iraq, this room will focus on the actual changes that will take place for all markets around the world to enter into a Global Currency Reset as we have today.
© Goldilocks
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Banks advised to pay attention to liquidity when large savings mature | Business | Vietnam+ (VietnamPlus)
VietnamPlus LINK
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Goldilocks #3 Update for Friday 6-9-2023
Goldilocks and Seeds of Wisdom
Good afternoon Dinar Recaps,
Goldilocks posted a news link on Iraq with comments:
Iraq is currently working with JP Morgan in facilitating trade in the US dollar.
"...US bank's willingness to support a number of Iraqi banks in financing foreign trade operations in the US dollar."
Iraq has come a long way in combating money laundering, terrorist financing, and the adoption of International Standards regarding money transfers.
In order for this protocol to be implemented, the FEDNOW International Payment System would need to be in play.
Iraq has until the end of the first week of July to complete their budget votes. This will enable them to join forces with the new FEDNOW.
© Goldilocks
https://cbi.iq/news/view/2353
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Goldilocks #2 Update Friday 6-9-2023
Goldilocks and Seeds of Wisdom #2
Good morning Dinar Recaps,
We have a correction of a date in our earlier post and one additional post:
On June 1st, 2023, we saw the FEDNOW money transfers begin.
On July 1st, 2023, FEDNOW will roll out the full version of their International Payment System.
JPMorgan will be providing their coin in utilizing this service on the METALS Blockchain.
Their coin called "onyx" owned by JP Morgan will be utilized to make money transfers Internationally.
Just this week, we saw JP Morgan integrate their coin with the UPI System in India.
This interfaces quantum computers of the United States to the BRICS Nations allowing cross-border international trades and currency exchanges with the Eastern half of our world.
Goldilocks and Seeds of Wisdom #2
Good morning Dinar Recaps,
We have a correction of a date in our earlier post and one additional post:
On June 1st, 2023, we saw the FEDNOW money transfers begin.
On July 1st, 2023, FEDNOW will roll out the full version of their International Payment System.
JPMorgan will be providing their coin in utilizing this service on the METALS Blockchain.
Their coin called "onyx" owned by JP Morgan will be utilized to make money transfers Internationally.
Just this week, we saw JP Morgan integrate their coin with the UPI System in India.
This interfaces quantum computers of the United States to the BRICS Nations allowing cross-border international trades and currency exchanges with the Eastern half of our world.
© Goldilocks
Coindesk LINK
Blockdata LINK
Metal Blockchain LINK
JPMorgan 1 LINK
Wikipedia LINK
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It looks like we are about to see a restructuring of the automobile industry.
This reset in the car industry is due to having too many cars and not enough buyers.
Car dealers are having a real problem with having overbought their inventory.
© Goldilocks
https://finance.yahoo.com/news/car-market-prices-plummet-due-153706713.html
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Goldilocks " News on Fednow, Libor, SOFR and more" Friday 6-9-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted news links and comments:
On June 1st, 2023, we saw the FEDNOW money transfers begin.
On July 1st, 2023 (this date has been corrected by Goldilocks - Dinar Recaps), the FEDNOW will roll out the full version of their International Payment System.
JPMorgan will be providing their coin in utilizing this service on the METALS Blockchain.
Their coin called "onyx" owned by JP Morgan will be utilized to make money transfers Internationally.
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted news links and comments:
On June 1st, 2023, we saw the FEDNOW money transfers begin.
On July 1st, 2023 (this date has been corrected by Goldilocks - Dinar Recaps), the FEDNOW will roll out the full version of their International Payment System.
JPMorgan will be providing their coin in utilizing this service on the METALS Blockchain.
Their coin called "onyx" owned by JP Morgan will be utilized to make money transfers Internationally.
Just this week, we saw JP Morgan integrate their coin with the UPI System in India.
This interfaces quantum computers of the United States to the BRICS Nations allowing cross-border international trades and currency exchanges with the Eastern half of our world.
© Goldilocks
https://www.coindesk.com/video/federal-reserves-new-instant-payments-system-fednow-to-launch-in-july/
https://www.blockdata.tech/products/metal-blockchain
https://metalblockchain.org/
https://www.jpmorgan.com/onyx/coin-system.htm#:~:text=Our%20inaugural%20product%20solution%2C%20JPM,and%20payments%20in%20right%20time.
https://www.jpmorgan.com/onyx/about.htm#:~:text=Onyx%20is%20a%20J.P.%20Morgan,innovative%20products%2C%20platforms%20and%20marketplaces.
https://en.m.wikipedia.org/wiki/Unified_Payments_Interface#:~:text=Unified%20Payments%20Interface%20(UPI)%20is,funds%20between%20two%20bank%20Accounts.
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The World Bank is getting involved with retail investors in helping them to transition from Libor to SOFR bonds.
Bond exchanges are being offered to retail investors with the option to exchange bonds referencing LIBOR for the new SOFR index-linked bonds.
This has never been done before, and it is an attempt to help ease adjustments into the new monetary system at the end of the month.
© Goldilocks
https://www.miragenews.com/world-bank-launches-public-bond-exchange-to-1023400/
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"Agencies Propose Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations"
This is a formal announcement that the real estate market is being reset and/or revalued.
Currently, opinions are being gathered from the public to be included in a new standardized approach of the real estate market.
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The largest US bank is willing to support Iraqi banks in dollars in financing foreign trade
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Is it Passed or Not??? Differening Views from Goldilocks and Redd Starr
Goldilocks and Seeds of Wisdom
Good afternoon Dinar Recaps,
Goldilocks just posted an informational comment:
Just received word from our CBI Banker contact in Iraq. Their budget has not passed yet. And, there isn't a rate change yet. Dee is expected to receive an update tomorrow. We will let you know if something comes in.
© Goldilocks
Goldilocks and Seeds of Wisdom
Good afternoon Dinar Recaps,
Goldilocks just posted an informational comment:
Just received word from our CBI Banker contact in Iraq. Their budget has not passed yet. And, there isn't a rate change yet. Dee is expected to receive an update tomorrow. We will let you know if something comes in.
© Goldilocks
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Emailed to Recaps:
Redd Starr
Subject: Congrats! We got it!
Message: https://nrtenglish.com/2023/06/08/live-vote-on-budget-bill-delayed-again/
Following eleventh-hour negotiations among the Finance Committee members and various political factions, the Iraqi Parliament finally conducted a session to vote on its national budget.
The session, which began late on Thursday, has already approved the first article concerning the exchange rate of the Iraqi dinar to the US dollar. The exchange rate is now fixed at 1.3 Iraqi dinars for one US dollar.
Redd Starr
Goldilocks "We are at a Crossroads" Thursday 6-8-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted some news links with comments:
House Republicans have moved from discussions to a proposal, and now, a draft of digital asset regulations.
© Goldilocks
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted some news links with comments:
House Republicans have moved from discussions to a proposal, and now, a draft of digital asset regulations.
© Goldilocks
Ripon Advance LINK
At the Commodities Futures Trading Commission open meeting today, the CFTC Approved the final governance rule, two proposals, and other business items on the table.
Below, you will see the approved items. These approved items have to deal with our currency swaps, recording requirements, and digital assets swaps.
These approved determinations will govern our digital/currency economy going forward.
* "Final Rule: Governance Requirements for Derivatives Clearing Organizations
* Proposed Rule: Derivatives Clearing Organizations Recovery and Orderly Wind-down Plans; Information for Resolution Planning
* Proposed Rule: Amendments to Part 17 Large Trader Reporting Requirements
* Notice of Proposed Determination and Order/Request for Comment: Capital Comparability Determination in connection with an Application Submitted on behalf of Nonbank Swap Dealers Domiciled in the French Republic and the Federal Republic of Germany and Subject to Capital and Financial Reporting Requirements of the European Union"
I realize these items have been mentioned before, but they are settled now and ready to move forward.
Did you notice the large trader reporting requirement? They are expecting large transactions in the near term.
© Goldilocks
https://www.cftc.gov/PressRoom/PressReleases/8714-23
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The Swift System is having inoperability issues in interfacing with multiple blockchain networks.
They are currently reaching out to these already-established networks to solve some of these issues.
Uh Oh. Does this mean that the QFS is about to take the lead as the Swift System attempts to catch up?
We are at a crossroads, but we do have an alternative already in place, and it is decentralized on Web 3.
© Goldilocks
https://www.cryptonewsz.com/swift-is-scouring-blockchain-interoperability/
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"FedNow instant payments are about to unlock fintech investment opportunities"
The FEDNOW instant payment services are now in the process of integrating/interfacing investment opportunities onto their services this month.
It will be competing with India's UPI International payment service and the BRICS International payment service.
© Goldilocks
Tech Crunch LINK
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Goldilocks " Big Meetings, Cryptos, Deutsche Bank and more" 6-7-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted some news links and comments to help us understand what is happening in the financial sector and determine where we are:
The Commodities Futures and Trading Commission has finalized their agenda for tomorrow's meeting.
They have given instructions for people wanting to listen or view on videos inside and outside of the banking system. Yes, this includes you and me.
It is an important meeting that has everything to do with our currency swaps. We are getting a preview of what is to come in our next monetary system.
© Goldilocks
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted some news links and comments to help us understand what is happening in the financial sector and determine where we are:
The Commodities Futures and Trading Commission has finalized their agenda for tomorrow's meeting.
They have given instructions for people wanting to listen or view on videos inside and outside of the banking system. Yes, this includes you and me.
It is an important meeting that has everything to do with our currency swaps. We are getting a preview of what is to come in our next monetary system.
© Goldilocks
It's been about a few months ago when we found out that the Stellar Development Foundation was being included in discussions surrounding stablecoins.
They have been working with Congress, G20, Central Banks, and several Government agencies to form policies and recommendations in the integration of Fiat Currencies with the digital economy using Stellar's platform to bring it into implementation.
By the end of this month, we are going to find out what they come up with for us in establishing coordinated rules for cryptocurrencies.
At that point, we will be able to see what these determinations mean for us in the new economy.
This final layer will be added to the QFS along with new determinations on the Commodities Market prices.
© Goldilocks
Crypto News Flash LINK
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The Deutsche Bank is expecting defaults on banks inside the US and Europe at any moment.
In order to prevent these predictions, banks are increasing their capital in gold to absorb the shock of such an event.
Gold increases their net worth and gives real value to the currencies they hold within these Banks.
At some point, allowing gold to go to its real value will become important and pegging gold to the dollar will no longer be an option.
This will trigger a Global Currency Reset on currency values around the world.
© Goldilocks
World Nation News LINK
Daily Hodl LINK
Bloomberg LINK
Market Watch LINK
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"JPMorgan uses blockchain for instant USD transfers to India."
Banks are expanding their QFS connections to one another around the world.
We talked about this becoming important in the month of July, but we are witnessing these events already starting.
This US and India connection will enable us to connect with the Asian/Eastern half of the world and their currencies in cross-border international trading and exchanges.
© Goldilocks
Cryptopolitan LINK
Inventiva India LINK
Bloomberg LINK
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Goldilocks " Gold is the bridge to our new home, and we are beginning to cross it." 6-5-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted some news links with comments to help us understand what is happening!
Okay, folks, the markets have now been positioned for a transition. The debt ceiling will give us temporary breathing room to make adjustments into our new economy.
Our banks have now been filled with cash again based on loans they hope to refill by buyers on the market who already have limited cash reserves.
What happens if these T-Bills are not bought by investors?
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted some news links with comments to help us understand what is happening!
Okay, folks, the markets have now been positioned for a transition. The debt ceiling will give us temporary breathing room to make adjustments into our new economy.
Our banks have now been filled with cash again based on loans they hope to refill by buyers on the market who already have limited cash reserves.
What happens if these T-Bills are not bought by investors?
The US Bond market measures the performance of the market. And, it is in direct correlation with the strength of the dollar. So, the answer to the above question is about to be found out.
As you can see, the road ahead is expected to be volatile whereby decisions on loans going forward will begin showing new liquidity lines of credit.
These new calculations will affect our GDP and challenge our World Reserve Status. And, it doesn't get any better in the homefront.
This will affect lines of credit given to investors on the market causing the availability of buying more assets to narrow.
On the one hand, over 756 billion dollars has returned to the banks, BUT money has been taken from long-term investments and put into money market opportunities.
Money Market Funds allow a customer to be able to pull from their funds just like cash.
As you can see, the status of the dollar to support our markets and markets around the world is waning.
We are at a prefaces. Going forward, we have embarked upon uncharted territory. This is why you have seen Central Banks around the world stock up on gold.
Saudi Arabia has stepped up to say they are going to limit the amount of oil provided in the near term due to these changes taking place.
This decision will allow them to raise the price of oil to new levels protecting their precious asset's values.
Oil is a commodity along with gold and silver. We can expect these prices to change in the near term for these three assets in a repricing event that will reset the global markets.
When everything else falls apart, gold has been the path forward that has led us from darkness into light. It has been called upon many times in our history to transition us from one monetary system to another.
Gold is the bridge to our new home, and we are beginning to cross it.
Gold will set us free, and all roads lead to gold.
© Goldilocks
Washington Examiner LINK
DailyHodl 1 LINK
StraitsTimes LINK
DailyHodl 2 LINK
The Daily Star LINK
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We currently have clarification between the SEC and the CFTC on digital assets. It is in draft form and being prepped for legislation due to be finished by the end of the month.
"As per the report, the bill would provide an easy solution “to registration and explicitly allow crypto securities to be traded on alternative trading systems.” This would be under the purview of the SEC, while CFTC would oversee the crypto spot commodity market under existing law."
This clarity will allow us to move forward with our new digital asset-based trading system after June 30th.
© Goldilocks
The Coin Republic 1 LINK
The Coin Republic 2 LINK
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Goldilocks "Cryptos, Digital Assets, QFS and more" Sunday 6-4-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted some news links and comments:
"US Republicans unveil draft bill for cryptocurrency regulation"
Two US Republican lawmakers revealed a new draft bill on Friday. As you can see in the articles below, there is a challenge before Congress to work up a bill that is more user-friendly for the private sector.
This new bill includes consumer security and encourages innovation. People are more likely to use and adopt a crypto environment that allows their own unique creativity/spirit to embrace the fullness of its potential.
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted some news links and comments:
"US Republicans unveil draft bill for cryptocurrency regulation"
Two US Republican lawmakers revealed a new draft bill on Friday. As you can see in the articles below, there is a challenge before Congress to work up a bill that is more user-friendly for the private sector.
This new bill includes consumer security and encourages innovation. People are more likely to use and adopt a crypto environment that allows their own unique creativity/spirit to embrace the fullness of its potential.
This bill also includes a path to registering with the SEC for protections and guidance on cryptos use case scenarios without being too controlled at the same time.
This legislative process is pushing for certain crypto coins to be listed as commodities giving real values to their ownership and use.
This is why the new bill has to be done by the June 30th deadline to meet the requirements of SOFR regulations.
The goal is to create a "functional framework" of understanding that includes a standardized process through protocols capable of being processed on the QFS.
© Goldilocks
AA LINK
Coindesk LINK
CoinGape LINK
Crypto Mode LINK
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What is going to make the new digital asset-based trading system work?
The simple answer is Web 3 internet, and it has a lot of very deep levels and transactions to make it possible.
There are two very important functions on Web 3 that will decentralize the protocols and make the system work efficiently:
* "Tokenized blockchain protocols, such as layer 1 and layer 2 blockchains;
* and tokenized smart contract protocols deployed to blockchains."
For example, Bitcoin cannot scale on the QFS, but Bitcoin Lightning has been created to make it possible.
And, smart contracts will ensure funds are available on both sides of a trade.
We are going to see a lot of bridge coins creating pathways to many of the cryptos early adopted in the blockchain networks after July 1st.
At that point, new values will be created on an ongoing basis through an open market system designed to be utilized through an open banking system on a blockchain network called the QFS.
© Goldilocks
JDSupra LINK
FTI Consulting LINK
Web3 LINK
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The New Development Bank in the East is in the process of creating a common currency.
It will be known as a common unit of payment that will level the playing field in Europe and the US in trade.
This will enable National Currencies to rise to a value representative of this common unit of payment allowing trade between global nations that would not have otherwise been possible.
These new demands will increase the value of our Eastern currencies through a platform designed to transfer wealth between nations more securely and more profitably.
Watch the water.
© Goldilocks
https://tass.com/economy/1625965
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