Goldilocks "Iraq pays its WTO membership amounts....and more" 6-19-2023
Goldilocks and Seeds of Wisdom
Thank you RJ:
RJ: Good evening Dinar Recaps,
Goldilocks posted several comments and news items today:
CHAPS transitions to latest global financial messaging standard
Yes, it's done.
© Goldilocks
Goldilocks and Seeds of Wisdom
Thank you RJ:
RJ: Good evening Dinar Recaps,
Goldilocks posted several comments and news items today:
CHAPS transitions to latest global financial messaging standard
Yes, it's done.
© Goldilocks
JUST IN: International Monetary Fund is developing a digital currency platform to enable transactions between countries.
@WatcherGuru
☝️ This is wholesale CBDC, not retail CBDC.
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THE INTERNATIONAL MONETARY FUND IS WORKING ON A PLATFORM FOR CENTRAL BANK DIGITAL CURRENCIES TO ENABLE TRANSACTIONS BETWEEN COUNTRIES
Here comes the monetary reset.
Read: https://twitter.com/goldtelegraph_/status/1670807239140028420?s=46
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Well, well, well. Look at what we have here. Iraq pays its WTO membership amounts.
Do you really think they can do this without a rate? "NOT"
© Goldilocks
https://search4dinar.wordpress.com/2023/06/19/iraq-pays-its-wto-membership-amounts/
~~~~~~~~~~
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Goldilocks "Everything goes to real values during this transition." 6-19-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted comments and news links this morning:
Iraq is in process of opening up their private sector to trade and business.
Other countries are interested in this venture as well and want to open up manufacturing companies inside of Iraq.
This is, in turn, requiring the need for a foreign currency industry to promote and provide money transfers to keep these industries going.
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted comments and news links this morning:
Iraq is in process of opening up their private sector to trade and business.
Other countries are interested in this venture as well and want to open up manufacturing companies inside of Iraq.
This is, in turn, requiring the need for a foreign currency industry to promote and provide money transfers to keep these industries going.
As we all know, Iraq is only using their National Currency going forward. This will increase the demand for the Iraqi Dinar which increases its value in their local and global economy.
This move will create a self-sustaining economy. Iraq is becoming a stable economy, and it's move to include other countries inside the country of Iraq will expand their reach onto the International Stage.
© Goldilocks
https://cbi.iq/news/view/2359
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The United Nations Development Program covers over 170 countries around the world.
The UNDP helps countries like Iraq expand and grow into the International community.
At the present time, Iraq is working on bilateral relationships with countries outside of Iraq to bring in more demand for their local economy.
Iraq lost its position on the world stage years ago, but it is coming back and "reinstating" its presence in the world.
© Goldilocks
https://jordantimes.com/news/local/iraq-trade-minister-meets-contractors-association-union-representatives
https://cbi.iq/news/view/2360
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The Bank of England begins its process of migration into the ISO20022 messaging system.
This will complete the process of inclusion inside major banks around the world regarding this International Message System that will be included on every International Payment Transfer.
This is a very pivotal moment in the digital banking system around the world, and the importance of this migration will carry us into the third quarter of this year operating it with the full power of quantum financing systems around the world synchronized and standardized with a backing of real assets such as gold.
© Goldilocks
https://twitter.com/payment_infrast/status/1670727555471532032?t=BB-DIXBB9NbABJleeORBgg&s=35
https://twitter.com/ANT159694954/status/1670761780602191872?t=-eHqIFSXbBgXNqTB9wHuRw&s=35
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We still have one more big hurdle that I see happening simultaneously with other events.
As one Financial System craters and falls, a new one will replace it with stronger support systems ever seen before in history.
Everything goes to real values during this transition.
Beginning July 1st and maybe even before with the markets, we will witness a great deal of volatility and change take place in countries around the world.
During this time of rising and falling of a new and old economy, new values will begin to form new price action patterns based upon real values through a standardized process backed by gold.
Remember, this is a process and not a button based on any one particular event. There will be many events coming at us at one time. They will all create a culminating event we are looking for at this time.
Each Guru has something to offer at this point. It is not a time to pick sides, but I will caution you to choose well in who you listen to during this time. It will determine your path forward.
Use your mind and listen to your heart, and you will be guided by voices of truth capable of carrying you into the next economy.
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"Now, as the U.S. Federal Reserve signals more interest rate hikes are on the way (as well as a $1.1 trillion shock), expectations are climbing that an economic stimulus package out of China could "inflate everything"—including Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Tron, Solana and polygon's Matic."
RVs in metals, crypto, and currencies are about to commence.
Digital liquidity, gold tokens, and paper currencies are now tied together in so many ways.
Be ready.
© Goldilocks
Forbes LINK
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Important Banking Announcement from Zimbabwe:
RBZ finalizes platform for digital token payments | The Sunday Mail
https://www.sundaymail.co.zw/rbz-finalises-platform-for-digital-token-payments
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BREAKING ANNOUNCEMENT:
"The @bankofengland has today successfully migrated #CHAPS, the UK’s high-value payments system, to #ISO20022. Executive Director of Payments Victoria Cleland said: The introduction of the ISO 20022 financial messaging standard marks a major milestone in
our..."
In the above breaking announcement, the Bank of England has completed their migration into the ISO20022 messaging system. At this point, their high value trading system is done.
This will significantly transfer money across borders with clarity. The FEDNOW payment system will enable fast transactions. And, this happens the first week of July. It just so happens to be how long Iraq has to finish their budget sign-offs and FEDNOW training. 😉
We have a global quantum banking system currently capable of moving transactions around the world within seconds.
As exciting as this is, don't forget the June 30th to July 1st transition of Libor to SOFR lending services.
Remember, all roads lead to gold and gold will set us free.
© Goldilocks
https://twitter.com/payment_infrast/status/1670781369016897536?t=9_Jh5gqJ82apNDVUZeCeuA&s=19
~~~~~~~~~~
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Goldilocks "It Is Clear That a Global Currency Reset is On the Horizon" 6-18-2023
Goldlocks and Seeds of Wisdom
Thank you RJ
RJ: Good evening Dinar Recaps,
Goldilocks posted news links and comments today to help us understand everything that is happening in the financial world:
On June 19th, 2023, the Bank of England will migrate to the ISO20022 messaging system for Chaps and RTGS.
Over 60 countries worldwide utilize the real time gross settlement system or RTGS.
This is another important migration effort into the QFS that will unite quantum computer systems in the even more countries.
I believe this completes the major banking systems around the world now inside the ISO20022 messaging system.
Goldlocks and Seeds of Wisdom
Thank you RJ
RJ: Good evening Dinar Recaps,
Goldilocks posted news links and comments today to help us understand everything that is happening in the financial world:
On June 19th, 2023, the Bank of England will migrate to the ISO20022 messaging system for Chaps and RTGS.
Over 60 countries worldwide utilize the real time gross settlement system or RTGS.
This is another important migration effort into the QFS that will unite quantum computer systems in the even more countries.
I believe this completes the major banking systems around the world now inside the ISO20022 messaging system.
The remaining Banks have until 2025 to complete this process. Those interested in financial inclusion will make this deadline.
© Goldilocks
https://www.bankofengland.co.uk/payment-and-settlement/rtgs-renewal-programme/iso-20022
The below article is an announcement on the new US dollar reference rate settings.
The new mechanisms for the US dollar reference rate will be reset on June 30th.
Why is this important? During a typical trading day, currencies float as trade demand flows in during the day.
The main purpose of a reference rate is to arrive at an official standard rate of a currency to bring stability between two countries in trade.
The exciting part of this transition into SOFR lending services is the underlying support asset that holds the rate to a real value.
Gold will level the playing field among countries whose currencies have fallen over the years due to inflation.
These new SOFR lending reference rates are standard protocols that utilizes gold to provide a real value through the use of a digital asset-based trading mechanism.
Watch the water
You might want to reread this brief explanation again until you realize the importance of the change that is about to take place affecting all of our lives.
The days and weeks that follow will begin the process of changing values to all of our currencies around the world.
Gold will standardize the new SOFR rates in our new Global Nation. It doesn't happen in a day, but it is clear that a Global Currency Reset is on the horizon.
© Goldilocks
Businesswire LINK
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BRICS Brings New Financial Attack On The US
https://www.youtube.com/live/a5J0zHA7SXE?feature=share
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I have been a part of this Dinarland family for about 3 years now.
My friend told me about this opportunity, and I studied it from a supply and demand side of economics. And so, here I am.
The closer we get to seeing our dreams come true, the more division seems to be popping up.
There are so many sides to this story, and no one has the full details of it all.
Each of us has been invited to this table to commune with one another.
Please take a seat at this table, and do not choose a side. For once the knot has been tied between us, We Are Family.
© Goldilocks
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What Is Quantum Financial System? | CoinCodex
https://coincodex.com/article/28003/quantum-finance-system/
~~~~~~~~~~
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Goldilocks "The End Is Near" Saturday 6-17-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted news articles and comments this morning:
🚨 BREAKING 🚨
SEC HAS JUST APPOINTED A NEW CHAIRMAN FOR THE AGENCY AND IS PLANNING TO LEGALIZE CRYPTO IN US MARKETS FROM JULY 1ST. 😉
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted news articles and comments this morning:
🚨 BREAKING 🚨
SEC HAS JUST APPOINTED A NEW CHAIRMAN FOR THE AGENCY AND IS PLANNING TO LEGALIZE CRYPTO IN US MARKETS FROM JULY 1ST. 😉
"U.S. Treasury examines privacy concerns in retail CBDC"
Wholesale CBDC is currently in use among Central Bank transfers, but retail CBDC is currently in debate and most likely will be much different than wholesale.
The issue is privacy concerns. At this time, there is an attempt to utilize technical mechanisms to solve this problem with retail CBDCs.
© Goldilocks
https://ambcrypto.com/u-s-treasury-examines-privacy-concerns-in-retail-cbdc/
https://cointelegraph.com/learn/wholesale-cbdc-vs-retail-cbdc-key-differences%20
~~~~~~~~~~
"Project Rosalind, directed by the BIS Innovation Hub London Centre, has been testing how APIs could facilitate retail payments in CBDCs and support the exploration of innovative CBDC use cases.
The project looked specifically at a public-private sector collaboration model in which the public sector would provide core infrastructure, and the private sector would produce consumer-facing applications.
Collaborating with many participants in the ecosystem, the project has proven that APIs could play a key role in enabling CBDC systems to deliver a range of benefits in terms of payments functionality and security."
As you can see, Retail CBDCs is not going away, but it is realized that privacy concerns will determine their adoption.
© Goldilocks
https://www.bis.org/publ/othp69.htm
https://www.ledgerinsights.com/cbdc-bis-bank-of-england-blockchain-rosalind/
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BlackRock has been working with Fintech in Europe and Asia implementing Wealth Tech Solutions and onboarding opportunities.
Artificial Intelligence in the Banking and Market World is just around the corner.
BlackRock is putting their fingerprint on everything across the globe at this point inside our new digital economy.
Liquidity inside a new digital economy is about to commence, and artificial intelligence will move our economy into a great transfer of wealth that will trigger a Global Currency Reset.
© Goldilocks
https://financefeeds.com/avaloq-and-blackrocks-aladdin-wealth-join-forces-for-wealth-managers-in-europe-and-asia/
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For the last 2 years, we have been witnessing and studying together in the Goldilocks room.
We have watched our new global economy be built from the ground up.
Everything is about to be completed on paper by the end of this month.
In July, we begin the process of walking into a new world. It is a world supported by gold through Sofr lending services.
Gold has always transitioned us from one economy to the next.
Come July, gold will have a partner to join in the efforts of creating our new world inside a decentralized digital framework.
Our banking and market system will be standardized digital protocols utilizing new monetary mechanisms through artificial intelligence that will lead us into the future.
"All roads lead to gold and gold will set us free."
© Goldilocks
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The end is near…
Our financial system is about to be transformed in a way that would’ve been unthinkable just a few years ago.
And almost nobody is prepared for the chaos that follows.
According to Bank of America, this overhaul is imminent –
And Dr. Nomi Prins says the final stage begins in July, with the rollout of the FedNow system.
To show you everything you need to know about the FedNow system – and to help you prepare – Dr. Prins has recorded a free presentation with all the details.
It’s controversial, but Nomi’s interview is a must-watch for anyone with more than $2,500 in an American bank or retirement fund.
Click here to find out what you need to do to prepare for this historic transformation.
~~~~~~~~~~
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Goldilocks "Everything Has Been Reset On Paper" Friday 6-16-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted comments and links to help us understand what is going on in the global financial sector:
In 2021, Franklin Templeton utilized a public blockchain to record mutual fund transmissions. Franklin Templeton is a global investment firm founded in New York City in 1947 known as Franklin Distributors, Inc.
They are now working with the SEC in utilizing new features to include other assets with greater speed and efficiency on the blockchain network.
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted comments and links to help us understand what is going on in the global financial sector:
In 2021, Franklin Templeton utilized a public blockchain to record mutual fund transmissions. Franklin Templeton is a global investment firm founded in New York City in 1947 known as Franklin Distributors, Inc.
They are now working with the SEC in utilizing new features to include other assets with greater speed and efficiency on the blockchain network.
Going forward, Franklin Templeton has unlocked the ability to use stablecoins and other forms of payment to fulfill their International Payments.
© Goldilocks
A stablecoin with yield? Tokenized fund perhaps just the start for fund giant https://www.blockworks.co/news/stablecoin-with-yield-franklin-templeton via @Blockworks_
"JPMorgan Says Stocks to Suffer $150 Billion Rebalancing Sales"
Since the beginning of the year, the stock market has been overvalued in terms of the new tightening measures and liquidity risks involved in these assessments.
It is important to be ever-watchful for an imminent transition into real values going into the second half of this year.
© Goldilocks
https://finance.yahoo.com/news/jpmorgan-says-stocks-suffer-150-161230891.html
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These last 3 months have set the stage for a market and currency transition.
Everything has been reset on paper. Now, it is time to execute these changes and let the chips fall where they may.
When we transition from Libor to SOFR on June 30th, this is when we will see many companies rise and fall. Prices on assets will find their new values as we progress.
In the end, we will have a Sound Money economy.
© Goldilocks
https://www.law360.com/articles/1686779/economic-issues-to-watch-in-the-libor-transition
~~~~~~~~~~
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Goldilocks "Forex Markets, Exchange Rates and more" 6-15-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good evening Dinar Recaps,
Goldilocks posted news links and comments today:
New protocols are currently being reintroduced in the Forex Markets. Going forward, market forces will determine new exchange rates.
Investors and Exporters on the Forex window are now being determined by buyers and sellers.
In other words, FX trades going forward are to be made at market-determined exchange rates.
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good evening Dinar Recaps,
Goldilocks posted news links and comments today:
New protocols are currently being reintroduced in the Forex Markets. Going forward, market forces will determine new exchange rates.
Investors and Exporters on the Forex window are now being determined by buyers and sellers.
In other words, FX trades going forward are to be made at market-determined exchange rates.
What this means is we are going to a true supply and demand currency market determination on goods and services based on the real values.
SOFR practices will guide these new protocols with new rules and regulations. This will usher in a collateralized economy known as a gold standard in trade.
These changes are taking place as we speak and have to be in place by June 30th when we transition from Libor to SOFR.
As I have been sharing with you for months, WATCH THE WATER.
© Goldilocks
CBN Confirms Changes To FX Market, Forces To Decide Exchange Rates
Channels TV LINK
~~~~~~~~~~
"A free-floating exchange rate occurs when a government allows the exchange rate to be determined purely by market forces and there is no attempt to ask the central bank to influence the external value of the exchange rate."
https://www.thecable.ng/its-official-cbn-announces-unification-of-all-exchange-rate-windows
~~~~~~~~~~
The new crypto regulations bill is now being prepared for a vote.
This bill will determine SEC and CFTC jurisdiction over our new digital economy.
We are moving along very nicely at this point in completing what we need to have done by the end of the month.
These new guidelines will give us clarity and direction for the future of our new economy.
© Goldilocks
Coinpedia LINK
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Another portion of our new crypto bill currently in Congress deals with whether or not certain tokens are securities or commodities.
This will give even further clarity upon the real values on assets these digital tokens represent.
This bill will provide guidelines, standards, and protocols for our new digital economy.
© Goldilocks
https://cryptodaily.co.uk/2023/06/security-or-commodity-congress-to-vote-on-clarity-for-crypto
~~~~~~~~~~
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Goldilocks "The Revaluation of Everything" 6-14-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good evening Dinar Recaps,
Goldilocks posted some news links and comments today:
Delegation From JP Morgan Visits Iraq | MENAFN.COM
https://menafn.com/1106428917/Delegation-From-JP-Morgan-Visits-Iraq
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good evening Dinar Recaps,
Goldilocks posted some news links and comments today:
Delegation From JP Morgan Visits Iraq | MENAFN.COM
https://menafn.com/1106428917/Delegation-From-JP-Morgan-Visits-Iraq
"CFTC Extends Public Comment Period on Proposed Rule to Address the Treatment of Separate Accounts of a Single Beneficial Owner by Clearing
Members"
This proposal was closed yesterday, but the CFTC has asked for 17 more days to finalize this process. The finalization of this proposal ends on June 30th 2023.
A "single beneficial owner" is someone who owns an asset such as currencies that has a value because of another asset supporting it and retains the right to utilize that asset as they see fit.
Everything is being backed by gold, a standardized process is going with it, and the inclusion of protocols in the banking system will clear the process.
© Goldilocks
https://www.cftc.gov/PressRoom/PressReleases/8718-23
~~~~~~~~~~
"CFTC Adds 45 Unregistered Foreign Entities to its RED List"
There is a list of Forex trading companies that could leave you with very little protection if any at all.
This list is being compiled by the CFTC, and it could be something that saves you from going through a lot of heartache.
© Goldilocks
https://www.cftc.gov/PressRoom/PressReleases/8716-23
~~~~~~~~~~
The de-dollarization of the dollar is changing the Global Financial Network System.
With countries beginning to trade in their own National Currencies backed by gold, new trade flows are beginning to develop between countries.
New markets are beginning to form and diversify traditional trading routes creating new opportunities for growth.
This is creating new demands on local currencies and putting pressure on new exchange rates.
Watch the water.
© Goldilocks
Astana Times LINK
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"IMF Wants Zimbabwe to Take Further Steps on Currency Reforms"
Zimbabwe is in process of transitioning to a market-based price discovery monetary policy.
Price discovery is the interaction between a buyer and seller in coming up with a common price both agree upon.
This is based upon supply and demand determining exchange rates for a particular asset.
Thousands of trades go in and out of Zimbabwe each day and Price Discovery allows them to create a financial system determined by their ability to create currency reforms that establish standardized practices.
Watch the water.
© Goldilocks
Bloomberg LINK
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New Development Bank To Compete with World Bank - SWFI
https://www.swfinstitute.org/news/97930/new-development-bank-to-compete-with-world-bank
☝️ Is the New Development Bank going to compete with the World Bank or phase it out as the QFS progresses?
~~~~~~~~~~
Federal Reserve Pause Interest Rate Hikes
Watcher Guru LINK
~~~~~~~~~~
If you remember back in March, we talked about how the stock market and gold would begin to go to it's real values by the end of June. (THE REVALUATION OF EVERYTHING))
The Pause in market interest rates will begin revealing real values to us going forward and what we need to do.
Well, this was cutting it very close, but this is the beginning of stocks going to it's real value while gold and other commodities begin to go to their real values.
The effects of inflation has already done its damage. We have a long time ahead of us to recover, and this is where gold begins to reveal to us the power it really has.
In a little over two weeks, we transition into a new monetary policy (SOFR) involving gold as the standard by which we measure our money transfers going forward inside a digital economy.
At this point, we should see a rapid escalation in markets going to real values and currencies going to real values.
ON THE OTHER SIDE OF THIS TRANSITION, WE ARE GOING TO EXPERIENCE WHAT WE HAVE BEEN WAITING TO SEE BEGIN TAKING BABY STEPS INTO OUR FUTURE.
© Goldilocks
https://seekingalpha.com/article/4592624-what-happens-when-fed-stops-raising-interest-rates
☝️ Although this process will take longer than 2 weeks, we have actually begun the process of revaluing a global economy.
This does not mean we're not going to raise interest rates later in the year because that is a possibility per Jerome Powell.
Time will tell on this one.
~~~~~~~~~~
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Goldilocks "In the game of chess, this is called a checkmate!" 6-13-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good afternoon Dinar Recaps,
Goldilocks posted a recap of the news involving Iraq over the last several days:
Let's take a closer look at what we have seen revealed to us the last few days.
JP Morgan is in logistics training with the Iraqi bank employees on the FEDNOW system.
This will help them to migrate into the QFS.
Iraq has canceled a foreign currency exchange company contract locally and accepted JP Morgan's ability to help them with this process.
Goldilocks and Seeds of Wisdom
Thank you RJ
Good afternoon Dinar Recaps,
Goldilocks posted a recap of the news involving Iraq over the last several days:
Let's take a closer look at what we have seen revealed to us the last few days.
JP Morgan is in logistics training with the Iraqi bank employees on the FEDNOW system.
This will help them to migrate into the QFS.
Iraq has canceled a foreign currency exchange company contract locally and accepted JP Morgan's ability to help them with this process.
JP Morgan is placing several new banks in Iraq to help them implement the new digital banking system.
Iraq has made it a mandate to place banks in all of their large cities as soon as possible.
Iraq has raised their capital in Gold to help support their banks.
Iraq has one of the largest reserves in foreign currency that they have ever had in their history to support their banks.
Question: Do you really believe they will come out with a programmed rate at the end of their logistics training and migration into the QFS?
This certainly would not support their Foreign Reserves Department or allow them to be competitive now that they have entered into the QFS.
JPMorgan does not place banks in places they do not expect to turn a profit.
In the game of chess, this is called a checkmate!
© Goldilocks
☝️Can you say reinstatement?
~~~~~~~~~~
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Goldilocks "The SEC Stabilization Act and more" Tuesday 6-13-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted some links and comments to help us understand the global financial situation:
"Referring to the letter of the Prime Minister’s Office No. (3063/2314866) on 5/22/2023 and to achieve the principle of financial inclusion and sustainable development by delivering banking and financial services to all segments of Iraqi society and at any point in our beloved Iraq, all licensed banks must open branches in areas with Large population density, especially Al-Zawra district (Al-Ma’mal area). Please inform us of your procedures in this regard as soon as possible"
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted some links and comments to help us understand the global financial situation:
"Referring to the letter of the Prime Minister’s Office No. (3063/2314866) on 5/22/2023 and to achieve the principle of financial inclusion and sustainable development by delivering banking and financial services to all segments of Iraqi society and at any point in our beloved Iraq, all licensed banks must open branches in areas with Large population density, especially Al-Zawra district (Al-Ma’mal area). Please inform us of your procedures in this regard as soon as possible"
There is only one reason for this to take place.
More money flow.
When a country attracts more demand for their currency, it's value increases.
© Goldilocks
How Do Interest Rates Affect Exchange Rates?
https://www.bound.co/blog/how-do-interest-rates-affect-exchange-rates#:~:text=As%20more%20investors%20are%20attracted,the%20value%20of%20a%20currency.
~~~~~~~~~~
“Today I filed the SEC Stabilization Act to restructure the SEC and fire Gary Gensler,” announced
(https://twitter.com/WarrenDavidson/status/1668305460368121857) Warren Davidson (R-OH) on Twitter Monday. “U.S. capital markets must be protected from a tyrannical Chairman, including the current one.”
Congress is currently in process of cleaning the swamp. We need someone who is more crypto-friendly going forward in leadership positions of our new digital asset-based trading system.
It is believed that our current SEC chairman is driving many of our crypto markets overseas with many of his decisions aiming to stop the growth of and into this new economy.
Nothing can stop what is currently taking place, but we may see new leadership to carry it forward.
© Goldilocks
https://decrypt.co/144280/congressmen-draft-bill-to-fire-gary-gensler
~~~~~~~~~~
"Now MiCA crypto legislation is final, regulator ESMA to run consultations"
Markets in Crypto Assets (MICA) is likely to become the Standard for our Global Digital Economy.
It will provide clear guidelines for our stablecoins and other digital tokens going forward with consultations beginning as early as July.
These consultations will take place all the way through 2024 and complete this process in 2025.
All we need is for them to begin as early as next month, so we can begin the process of implementing our new digital economy.
© Goldilocks
https://www.ledgerinsights.com/esma-consultations-mica-crypto-legislation-final/
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"Gold buying up and US Dollar holdings down at Central Banks"
This is a major shift taking place in our Global Economy. A move from holding the US dollar to holding gold is the preferred monetary currency.
In August, we are going to see the BRICS nation's currency take away some of the share as well from the dollar.
It is clear we are at the beginning stages of a new economy, of which, will begin showing new correlations in our Global Markets as early as July.
Nothing happens overnight, but we will be clearly inside a new world financially.
© Goldilocks
https://www.forex.com/en/market-analysis/latest-research/gold-buying-up-and-us-dollar-holdings-down-at-central-banks/
https://dailyreckoning.com/rickards-drops-bombshell/
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The Emerging Markets are feeling the impact of the high cost in the use of the dollar.
It is each Country's responsibility to stabilize their currency.
This is why new structural reforms inside a new digital asset-based economy are coming into play.
© Goldilocks
https://watcher.guru/news/brics-egypt-ditches-us-dollar-in-trade-with-the-bloc?utm_source=TelegramNews&utm_medium=TelegramNews&utm_campaign=TelegramNews
https://www.thestar.com.my/business/business-news/2023/06/12/structural-reforms-needed---------------------to-support-the-ringgit
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If you take a close look at the articles written today, you will notice that the dollar is about to start going to a real value as gold steps up to the plate and goes to its real value.
The dollar faces many levels of competition beginning with new digital currencies formulating new price patterns in July along with the new BRICS Nation's currency introduction in August.
The next few months will begin the process of leveling off of the currencies. We will keep a close set of eyes on this as it progresses.
© Goldilocks
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"Monetary System coming in a matter of weeks." James Rickards
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Goldilocks' Telegram Room
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Goldilocks on the Seeds of Wisdom Team Website
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Thank you Dinar Recaps
Goldilocks "This Will Really Stir Things Up" Monday 6-12-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted some news links with comments to help us better understand financial global news:
Our world has changed these last 3 years. The de-dollarization of the US dollar is about to be felt around the world.
This will create new norms inside the Forex Market. Other currencies will begin to have breathing room to grow into their real values.
Pegging foreign currencies to gold, rather than, the dollar will give these dormant currencies new life and new opportunities.
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted some news links with comments to help us better understand financial global news:
Our world has changed these last 3 years. The de-dollarization of the US dollar is about to be felt around the world.
This will create new norms inside the Forex Market. Other currencies will begin to have breathing room to grow into their real values.
Pegging foreign currencies to gold, rather than, the dollar will give these dormant currencies new life and new opportunities.
The Great Transfer of Wealth and Power among our Nations is currently formulating a new look at our world revealing new opportunities for growth never seen before in history.
Welcome to the Age of Creativity.
© Goldilocks
https://nationalinterest.org/feature/west-must-prepare-long-overdue-reckoning-206538
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"Based on the decision of the Board of Directors of this bank No. (88) for the year 2023 in its session numbered 1636 held on 6/4/2023, it was decided to withdraw the license of the company that may mediate in the sale and purchase of foreign currencies, confiscate the letter of guarantee in favor of this bank, cancel the certificate of incorporation granted to it, and provide us with a letter to delete the name The above company is from the records of the Ministry of Commerce / Companies Registration Department."
You may be asking yourself why this is happening at a time when an expected rate change is so close.
The evidence is clear from recent writings and articles. Iraq is going through JP Morgan.
I do not expect this to be a permanent position for JP Morgan. Rather, it is a temporary and transitional necessity at the moment.
Iraq's banking system is currently going through logistics training on the FEDNOW International Payment System, and this will go a long way in moving their banking system forward.
Per CBI Banker Contact, the rate change is not expected to be revealed in the budget. Now, don't lose heart because you thought this is where you were going to see it.
In a real way, Iraq and JPMorgan are working out new ways of doing banking operations. Foreign Currency gains/losses are a part of formulating Bank Operations. They are factored into the expenses of a bank. And, a revalued rate will keep this section of their Bank out of the red.
Iraq has a large amount of foreign currency reserves to protect their Banks during times of a crisis. This, along with gold reserves, will move them into Basel 3 compliance.
© Goldilocks
Iraqi News LINK
TaxGuru LINK
Indeed LINK
☝️ this will really stir things up
~~~~~~~~~~
Goldilocks' Telegram Room
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Goldilocks on the Seeds of Wisdom Team Website
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Thank you Dinar Recaps
Goldilocks Sunday PM "Global independance Day?" 6-11-2023
Goldilocks and Seeds of Wisdom
Thank You RJ
Good afternoon Dinar Recaps,
Goldilocks posted links on the Iraqi Budget and some comments:
Per CBI Banker Contact in Iraq.
Iraq is currently working with JP Morgan and the Federal Reserve on migrating to the FEDNOW International payment system.
And, their banking employees are currently undergoing logistics training on the FEDNOW services.
© Goldilocks
Goldilocks and Seeds of Wisdom
Thank You RJ
Good afternoon Dinar Recaps,
Goldilocks posted links on the Iraqi Budget and some comments:
Per CBI Banker Contact in Iraq.
Iraq is currently working with JP Morgan and the Federal Reserve on migrating to the FEDNOW International payment system.
And, their banking employees are currently undergoing logistics training on the FEDNOW services.
© Goldilocks
Independence Day is just around the corner.
Could this turn into a Global Independence Day?
Time will tell.
© Goldilocks
Follow the Timeline of the Process and the Roadmap
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The Parliament Bell Rang To Begin The Session To Complete The Vote On The Budget 06/11/2023
LINK
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Parliament Votes On Article 59 Of The Budget
8 more left
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A new evening in the Iraqi parliament sponsored by the budget, and two obstacles by passing
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The House of Representatives is now resuming the vote on the remaining articles of the budget bill
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XRP and the SEC go head-to-head next week.
Big news is expected in this long-awaited settlement case on the validity of XRP being able to trade freely.
When this case is finalized, look for XRP to take the lead in the new digital economy.
© Goldilocks
https://www.fxempire.com/news/article/five-things-to-know-in-crypto-next-week-sec-v-ripple-and-hinman-docs-1353559
~~~~~~~~~~
Goldilocks' Telegram Room
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Goldilocks on the Seeds of Wisdom Team Website
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Thank you Dinar Recaps