Goldilocks " Tomorrow, we begin the transition into a new monetary system." 6-29-2023
Goldilocks and Seeds of Wisdom
RJ: Good morning Dinar Recaps,
Goldilocks posted comments and links on global financial news:
Gold options are gaining momentum in the stock market. Inflation has raised many of our assets to dangerous levels of concern to economists.
Everything returns to its means or real values over time, and many of our stocks are showing signs of being overvalued.
Because of these recent events, we have been given a number of reasons for banks to raise their capital with gold.
Markets are tokenizing many of their assets with gold backed options.
Goldilocks and Seeds of Wisdom
RJ: Good morning Dinar Recaps,
Goldilocks posted comments and links on global financial news:
Gold options are gaining momentum in the stock market. Inflation has raised many of our assets to dangerous levels of concern to economists.
Everything returns to its means or real values over time, and many of our stocks are showing signs of being overvalued.
Because of these recent events, we have been given a number of reasons for banks to raise their capital with gold.
Markets are tokenizing many of their assets with gold backed options.
And banks, they have recently gone through another stress test that measures their ability of handling a deep recession.
They are showing more signs of stress, so the need to increase capital support with gold has become necessary.
Does this mean that banks and markets are in trouble? Under this old financial system, the answer is yes.
But things are changing next week, and we are about to witness some volatility ahead as markets and the banking system finds new valuations in the new economy.
Increasing Foreign Currency reserves and the Ripple digital coin adds two more layers of security for the road ahead.
In light of these new phenomena, we are requiring new standardized protocols and policies to guide our banks and our markets coming to us in July.
We basically have a new banking system and a new market being transformed into a new digital golden era.
Look for gold, digital assets, and currencies to rise together due to these new mechanisms attached to assets giving them real values.
© Goldilocks
Why Gold Options are Gaining Momentum
https://www.cmegroup.com/openmarkets/metals/2023/Why-Gold-Options-are-Gaining-Momentum.html
Ripple Breaking Barriers: XRP, IOU, and ERC-20 Tokens Connect Seamlessly with XLS-38d Specification, Bridging the XRP Ledger and EVM Sidechain
https://www.crypto-news-flash.com/ripple-breaking-barriers-xrp-iou-and-erc-20-tokens-connect-seamlessly-with-xls-38d-specification-bridging-the-xrp-ledger-and-evm-sidechain/
US banks shrug off turmoil to ace Fed's annual health checks
https://www.reuters.com/business/finance/us-banks-ace-feds-annual-health-checks-despite-recent-turmoil-2023-06-28/
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"Federal Banking Regulators Issue Final Third-Party Risk Management Guidance"
Many of our crypto exchange apps utilize third-party payments to connect us to our banking system.
Final touches are being placed on these new third-party payment mechanisms with guidance going forward on them.
© Goldilocks
https://www.jdsupra.com/legalnews/federal-banking-regulators-issue-final-3905240/
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Tomorrow, we begin the transition into a new monetary system.
Many mechanisms will be changed over the weekend to connect us to our new global economy.
We may experience some disruptions of services, or it just simply may be more seamless than we have anticipated. Time will certainly tell on this one.
Whatever happens, we begin the process of digitally connecting our world economy together as one.
This event opens the door to the new QFS system, and the changes going forward will revalue everything.
Don't expect everything you are hoping to see happen in one day, but the changes you have been looking for have to come.
Be watchful.
© Goldilocks
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RV, GCR News: Something's Brewing for the 1st of July!
https://rumble.com/v2wtrup-rv-gcr-news-somethings-brewing-for-the-1st-of-july.html
☝️ Aren't you glad you joined this room now? We have been talking about the first week of July for months.😉
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Goldilocks Late Wednesday Night "The RV is a Process" 6-28-2023
Goldilocks and Seeds of Wisdom
RJ: Goldilocks posted comments on where we are and what still needs to be done:
On July 1st, 2023, the QFS will begin digital networks interfacing with one another from around the world.
This new monetary system with new monetary policies by mid July will begin forming a new digital market and a new digital banking system.
As new correlated assets begin supporting one another in a standardized collateral-based system, new valuations will begin to take shape as new support levels are formed.
The RV is a process that leads to a date, and not, something that can be pulled out of thin air.
© Goldilocks
Goldilocks and Seeds of Wisdom
RJ: Goldilocks posted comments on where we are and what still needs to be done:
On July 1st, 2023, the QFS will begin digital networks interfacing with one another from around the world.
This new monetary system with new monetary policies by mid July will begin forming a new digital market and a new digital banking system.
As new correlated assets begin supporting one another in a standardized collateral-based system, new valuations will begin to take shape as new support levels are formed.
The RV is a process that leads to a date, and not, something that can be pulled out of thin air.
© Goldilocks
LONDON, June 27 (Reuters) - "There's a renewed scramble for copper sitting in London Metal Exchange (LME) warehouses."
Do you hold any copper pennies?
A lot of money is going to be spent on obtaining copper to build infrastructure in the new monetary system.
It pays to save your pennies.
© Goldilocks
https://www.reuters.com/markets/commodities/global-exchange-copper-stocks-sink-15-year-lows-2023-06-27/
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The call on Q & A on TRUSTs tonight with Bob Lock, Common Law Trusts, Bernnie Besherse, Charitable Religious Trusts, and Texas Snake sharing how he uses trusts was recorded. It will be posted in the Planning Room:
https://t.me/+Uh9VB4bXUQhkO_Dw
Thank you Dinar Recaps
Goldilocks "Our new monetary system is about to become official, and it begins next month."
Goldilocks and Seeds of Wisdom
RJ: Good afternoon Dinar Recaps,
Goldilocks posted comments and links this morning:
Investors shift their focus to Powell's upcoming speech on Wednesday | Kitco News
Jerome Powell is expected to give us an assessment of where we are with inflation today.
After pausing interest rates, he is expected to share with us more interest rates going higher and closing this down before the end of the year with a possible cut in interest rates.
This pause gave him some time to assess where we are in the old economy and project where we are going in the new one.
He's expected to give a talk today.
© Goldilocks
Goldilocks and Seeds of Wisdom
RJ: Good afternoon Dinar Recaps,
Goldilocks posted comments and links this morning:
Investors shift their focus to Powell's upcoming speech on Wednesday | Kitco News
Jerome Powell is expected to give us an assessment of where we are with inflation today.
After pausing interest rates, he is expected to share with us more interest rates going higher and closing this down before the end of the year with a possible cut in interest rates.
This pause gave him some time to assess where we are in the old economy and project where we are going in the new one.
He's expected to give a talk today.
© Goldilocks
We finally have digital asset clarity. A bill has been drafted, proposed, and given this week to be voted upon.
This bill will serve as our new digital-asset-based trading system going forward.
It provides clarity between the CFTC and the SEC on areas whereby each has been given authority to secure this new bill.
Below is the place you will find this new bill seeking to become law. Once it is approved, you will see announcements come out early next month.
Our new monetary system is about to become official, and it begins next month.
© Goldilocks
https://www.congress.gov/bill/117th-congress/house-bill/4741?s=1&r=38
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☝️Digital Asset Market Structure and Investor Protection Act
This bill generally addresses the regulatory treatment of digital assets and digital asset securities.
The bill grants the Commodities Futures Trading Commission authority over digital assets, which (1) are created electronically or digitally through software code; (2) are programmed with rules that govern the creation, supply, ownership, use, and transfer of the asset; (3) have a secure transaction history; and (4) are capable of being transferred through a decentralized method without an intermediate custodian.
Additionally, the bill grants the Securities and Exchange Commission authority over the regulation of digital asset securities, digital assets that provide the holder with (1) equity or debt interest in the issuer, (2) rights to certain payments from the issuer, (3) voting rights in the major corporate actions of the issuer, or (4) liquidation rights in the event of the issuer's liquidation.
Digital assets and digital asset securities are subject to the Bank Secrecy Act for anti-money laundering, reporting, and recordkeeping purposes.
The Board of Governors of the Federal Reserve System may issue digital currency. However, digital assets, digital asset securities, and fiat-based stablecoins (a digital asset pegged to the U.S. dollar or other fiat currency) are not U.S. legal tender.
Digital asset fiat-based stablecoins must be registered with and approved by the Department of the Treasury.
Digital assets shall not be covered by the Federal Deposit Insurance Corporation and the National Credit Union Administration depository insurance.
The Financial Crimes Enforcement Network must issue rules regarding the use of anonymizing services and other anonymity-enhanced convertible virtual currency services.
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Our CBI Banker let us know this morning that a rate change for the Iraqi Dinar has not happened YET.
© Goldilocks
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"MicroStrategy is an enterprise business intelligence (BI) application software vendor. Its flagship platform contains multiple features designed to help enterprises make data-driven decisions and optimize business processes."
Here it comes. More liquidation taking place for the new digital asset-based trading system.
This software vendor will distribute the Bitcoin Network across all sectors of the digital markets.
© Goldilocks
https://cryptopotato.com/microstrategy-buys-12333-btc-for-350-million-at-28k-per-bitcoin/
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"Project Guardian is MAS' collaborative initiative with the financial industry to test the feasibility of applications in asset tokenisation and decentralised finance. MAS also announced an expansion of Project Guardian to test the potential of asset tokenisation across more financial asset classes.1 day ago"
MAS Proposes Digital Asset Framework, Expands Project Guardian Scope | Fintech Singapore
https://fintechnews.sg/75542/digitalassets/mas-proposes-digital-asset-framework-expands-project-guardian-scope/
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It looks like Project Guardian is expanding into other countries.
This Project is responsible for tokenizing assets.
This Project Guardian started in Singapore and has expanded into Japan.
Next stop...
© Goldilocks
https://cryptobriefing.com/japan-joins-singapores-global-fintech-collaboration/
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Free Q & A on TRUSTs tonight with Bob Lock, Common Law Trusts, Bernnie Besherse, Charitable Religious Trusts, and Texas Snake sharing how he uses trusts. The call will be live tonight at 7 pm EDT, 6 pm CDT in the Planning room and you can post questions ahead of time also in the Planning room here:
https://t.me/+Uh9VB4bXUQhkO_Dw
Thank you Dinar Recaps
Goldilocks "Monitoring of the New Monetary System and more" 6-27-2023
Goldilocks and Seeds of Wisdom
RJ: Good afternoon Dinar Recaps
Goldilocks posted links and comments today to help understand what is happening to our global financial systems:
The Office of the Comptroller of the Currency (OCC) just released Version 1.0 of its "Asset Management booklet."
It is an updated version of sound risk management that takes place between a client and a banking system.
It goes into details dealing with trust funds that are managed by Fiduciary Representatives taking on clients who have large financial asset accounts.
Goldilocks and Seeds of Wisdom
RJ: Good afternoon Dinar Recaps
Goldilocks posted links and comments today to help understand what is happening to our global financial systems:
The Office of the Comptroller of the Currency (OCC) just released Version 1.0 of its "Asset Management booklet."
It is an updated version of sound risk management that takes place between a client and a banking system.
It goes into details dealing with trust funds that are managed by Fiduciary Representatives taking on clients who have large financial asset accounts.
A Fiduciary Representative minimizes the risk of large losses for their client who possess a large asset portfolio.
© Goldilocks
https://www.jdsupra.com/legalnews/occ-updates-asset-management-booklet-6279507/
https://occ.gov/news-issuances/bulletins/2023/bulletin-2023-20.html
https://www.dol.gov/general/topic/retirement/fiduciaryresp#:~:text=The%20primary%20responsibility%20of%20fiduciaries,the%20risk%20of%20large%20losses.
https://occ.gov/news-issuances/bulletins/2023/bulletin-2023-20.html
The Global Markets Advisory Committee GMAC has a meeting scheduled for July the 17th to review how the new monetary system and policies are going. This meeting will take place at the New York Stock Exchange.
This committee will focus on topics related to U.S. Treasury market reforms, swap block thresholds, and tokenization of assets.
These three topics have everything to do with currency exchanges my friends along with other assets. And, these meetings will be taking place on an ongoing basis.
This committee was set up to monitor and assess the needed changes taking place as we transition into our new digital economy.
Many assets are going to be transitioned from traditional banking procedures to upgraded Digital Asset Management protocols.
For the last year and a half, we have been rebuilding a new economic system from the ground up.
These new meetings will represent continued monitoring of the new monetary system.
© Goldilocks
https://www.cftc.gov/PressRoom/PressReleases/8730-23
https://www.cftc.gov/About/AdvisoryCommittees/GMAC
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"Russia Is Considering Using Dubai Crude As A Reference To Set Its Oil Prices."
When the U.S. dollar is strong, you need less U.S. dollars to buy a barrel of oil. When the U.S. dollar is weak, the price of oil rises in dollar payments.
The dollar is cratering at this point and about to level off with other Country's currencies. This shift represents a change in monetary policies representing a reset in economic oil/currency values in the East.
This decoupling decision of moving from the dollar to reference rates more comparable to Eastern Countries is a resetting of oil prices within one's own country of interest.
This affects currency valuations, and one of many reasons why we have not seen new price valuations show up on the US Debt Clock in the oil Market section.
Oil prices are currently being reset through this process, and the currency reforms taking place in our banking system and markets will be reset with silver and gold.
© Goldilocks
https://globeecho.com/news/middle-east/russia-is-considering-using-dubai-crude-as-a-reference-to-set-its-oil-prices/
https://www.babypips.com/learn/forex/us-dollar-and-oil-relationship-changing#:~:text=When%20the%20U.S.%20dollar%20is,is%20higher%20in%20dollar%20terms.
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Remember, gold, digital assets, and currencies are now tied together.
When the stock market goes to real values, you will see our digital/currencies backed by gold and tokenized with new standards move into real values.
© Goldilocks
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Revaluations are a process, and not, the push of a button.
You are in charge of that button, and not, someone else.
You will determine the price you are willing to receive on the assets you hold the day you redeem the assets you have.
Wait for your price.
© Goldilocks
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I really enjoy sharing with everyone the changes that are taking place to prepare us for the new economy, but I sometimes forget to share the end result.
Right now, Russia is resetting the price of their oil to reflect current settings in Dubai that will affect their exchange values in their currencies.
The Shanghai Exchange is currently using the Chinese Yuan for digital payments. This is equivalent to our Comex Market in the US.
In other words, currency revaluations in the East are currently being reset through new digital mechanisms and standardized protocols we are about to see open up to us in July under new SOFR settings.
© Goldilocks
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Goldilocks "Iraq News and More" Monday Afternoon 6-26-2023
Goldilocks and Seeds of Wisdom
RJ: Good afternoon Dinar Recaps,
Goldilocks posted a comment and link on Iraq:
Iraq is currently making sure they have a co-signer authorized to exchange foreign currency in their Banks at the present time.
When someone exchanges foreign currency in their Banks, the customer and the approved co-signer doing the exchange at a bank in Iraq has to take place.
It is another step towards what we are looking for and one of the protocols still taking place.
Goldilocks and Seeds of Wisdom
RJ: Good afternoon Dinar Recaps,
Goldilocks posted a comment and link on Iraq:
Iraq is currently making sure they have a co-signer authorized to exchange foreign currency in their Banks at the present time.
When someone exchanges foreign currency in their Banks, the customer and the approved co-signer doing the exchange at a bank in Iraq has to take place.
It is another step towards what we are looking for and one of the protocols still taking place.
The important point in all of this is that logistics training for their foreign currency exchange staff is in process.
© Goldilocks
Goldilocks also posted a number of articles on Sudden Wealth, These are very timely, very thoughtful, and informative articles starting at 12:31 pm EDT today.
Here is a sampling:
Sudden Wealth Syndrome (SWS) Definition
Don't Make These 6 Common Sudden Wealth Mistakes
How to gift money to children, family, and loved ones | Fidelity
Real Wealth Is Not About Money | Groove Blog
Many more are posted in the Goldilocks Telegram room today. The link is below!
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Goldilocks "Iraq, ETF's, Bank Stress Tests and more" 6-26-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted some comments and links to financial news this morning:
The final version. The Official Gazette publishes the budget law and enters into force
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted some comments and links to financial news this morning:
The final version. The Official Gazette publishes the budget law and enters into force
☝️ No rate yet my friends. We have been discussing in this room how it will naturally and organically come out in the next system.
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Exchange Traded Funds (ETFs) are a basket of securities that can be rolled up into a single stock to be bought and sold on the market.
An ETF such as Bitcoin and Ethereum that have commodity features attached allows a person to own gold as a stock without holding it in physical form.
HSBC bank is rolling out this International opportunity in Hong Kong.
© Goldilocks
https://watcher.guru/news/hsbc-enables-bitcoin-ethereum-etf-trading-in-hong-kong
https://cointelegraph.com/news/hsbc-reportedly-rolls-out-cryptocurrency-services-in-hong-kong
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Big US banks to face Fed's annual stress tests this week
https://www.foxbusiness.com/markets/big-us-banks-face-feds-annual-stress-tests-this-week
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The buying and selling of digital assets on the market are underway.
Several tests are taking place as we speak to check on the operability of these digital assets on the stock exchange.
Some assets are already in play as we speak. We are undergoing a Global Event that involves changing an entire Global Economy, and not, just one country.
The latest tests involve 11 banking institutions including Standard Chartered, HSBC, Citi, UBS, and JP Morgan.
© Goldilocks
https://www.ledgerinsights.com/singapore-tokenization-stanchart-hsbc-citi-ubs-public-blockchain/
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"Banking giants like Standard Chartered, HSBC and Citi are set to run multiple tokenization trials across wealth management, fixed income and foreign exchange."
When you transform an entire Market inside all sectors, this does include the Forex Market/currency exchange services.
It is important to note that we are in the pilot phase that takes place before implementation.
~~~~~~~~~~
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Goldilocks Late Sunday Night "Global Currency Reset on everything." 6-25-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good evening Dinar Recaps,
Goldilocks posted some links and comments today:
"The integration is also set to deliver a commendable on/off ramp for USD Coin to complement Stellar’s wallets, exchanges, and businesses in the financial technology space."
The USD Coin, Coinbase, and the Stellar Development Foundation are currently working together to build an open-source decentralized digital banking alliance.
Stellar’s open network enables Global access capable of creating, sending, and trading digital representations of all forms of money.
Can you imagine what this is about to do for the Foreign Currency Exchange Market?
© Goldilocks
Goldilocks and Seeds of Wisdom
Thank you RJ
Good evening Dinar Recaps,
Goldilocks posted some links and comments today:
"The integration is also set to deliver a commendable on/off ramp for USD Coin to complement Stellar’s wallets, exchanges, and businesses in the financial technology space."
The USD Coin, Coinbase, and the Stellar Development Foundation are currently working together to build an open-source decentralized digital banking alliance.
Stellar’s open network enables Global access capable of creating, sending, and trading digital representations of all forms of money.
Can you imagine what this is about to do for the Foreign Currency Exchange Market?
© Goldilocks
We have one more business week of the Libor transition into SOFR lending rates.
This is a Global Event transforming our World Economy. Everything goes to real values on every sector of the market. It is a process, and the end result will be a Global Currency Reset on everything.
A little over 50% of our economy still have 3 months left of contract obligations in the Libor system when it ends on June 30th.
They will be allowed to finish these final contracts out until September the 15th, but the system does change to SOFR collateralized rates backed by commodities on June 30th, 2023.
The next 3 months will be a transition period for the markets.
It will be a time when the markets will go to a real value under new digital standardized mechanisms backed by gold.
If you have invested in the right assets, this will be a period of time whereby a great transfer of wealth will move to your favor.
Wait for a price action change on the assets you hold that best suits your needs.
© Goldilocks
https://www.ifre.com/story/3984940/end-of-the-line-for-libor-authorities-finally-kill-off-us220trn-benchmark-fzkyg2jsn3
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We have joined one another on an incredible journey this past year and a half.
We have learned about the new monetary system and several aspects of it.
My purpose was to educate and not to lead anyone in any particular direction. I neither endorse or promote any product that has been listed for the last year and a half.
Please do your own research before you make any decisions that will affect your life.
You have been informed well on all the choices that are being made and out there for us.
It will be up to you to take what you have learned into your Exchange and make decisions accordingly.
© Goldilocks
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The investment window of opportunity is rapidly coming to an end.
It is getting time for us to prepare ourselves for The Great Transfer of Wealth to begin early next month.
For some assets, immediate changes will begin to show up, but most all assets will be on the docket to change as new SOFR mechanisms and monetary policies on July the 15th WILL will give guidance for them to do so.
© Goldilocks
https://reclaimthenet.org/bis-publishes-cbdcs-blueprint
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IEO Virtual Seminar: The Birth of Bretton Woods III? A Commodity Currency Revolution
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On July 1st 2023, the world switches over to SOFR lending service mechanisms on the new digital economy.
As we said this morning, 50% of companies have not completely switched over to the new lending service.
This will cause fluctuations in the Global Markets to the downside in those assets whereby companies did not make that switch. Others will find their values to the upside that have.
Because we have chosen to move into a new monetary mechanism on July 1 (SOFR) that is collateralized and standardized by assets of real values along with new policies to go with them on July 15, new rates on everything will begin to make their moves into real values based upon these changes.
Again, Libor contracts that did not make the cut on the deadline have an extension date until September the 15th.
This does not mean we have to wait for everything to change on that date to see a revaluation take place. Yet, some assets may take that long for you to receive what you were looking for at that time. Time will tell.
I can tell you that Stablecoins, which represent a country's currency, has begun the process of being liquidated. The movement of money in those coins that take place on July 1st will begin to calculate new norms and new values. Give them a little time.
Re-evaluations begin the moment those mechanisms change at midnight on July the 1st 2023. It is a process whereby assets will be digitally interfacing themselves with other assets of real value that will support their underlying principle prices.
As I have said this morning, every sector of the market will begin to change. Some will change faster than others. This is why it is important to wait for the rate on your sector of the market you are looking for to find a value you want to redeem your asset at during that time.
You will never be in this position at this level like you are now again. You will need to pay attention, and you may need to be patient.
Just know we are in this together.
© Goldilocks
~~~~~~~~~~
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Goldilocks: "We are 6 days away in our transition from Libor rates to Sofr rates." 6-24-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted comments and news links to help us understand where we are with the financial sector's progress toward the RV:
We are 6 days away in our transition from Libor rates to Sofr rates.
This is an International Finance Market Transition. Look for the markets to begin making their transition, if not before, into new price actions reflecting real values on every sector of the market. This includes Forex.
And on June 30th, we will be within 2 weeks of implementing new monetary policies to reflect our new global economy.
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted comments and news links to help us understand where we are with the financial sector's progress toward the RV:
We are 6 days away in our transition from Libor rates to Sofr rates.
This is an International Finance Market Transition. Look for the markets to begin making their transition, if not before, into new price actions reflecting real values on every sector of the market. This includes Forex.
And on June 30th, we will be within 2 weeks of implementing new monetary policies to reflect our new global economy.
Congress will be voting on stablecoins or digital money that has been regulated and standardized with banking protocols to establish our new digital asset based lending economy.
One more time.
On July 1st, our International Financial Markets will transform into a new digital asset based economy.
On July the 15th, we will have guidelines to monitor and secure this new economy.
From that point on, we will be under Gold Standard Protocols.
© Goldilocks
https://www.jdsupra.com/legalnews/the-end-is-here-libor-cessation-looms-4782714/
https://www.theice.com/insights/market-pulse/alternative-reference-rates#:~:text=The%20U.S.%20%2D%20SOFR,the%20preferred%20alternative%20reference%20rate.
https://uk.practicallaw.thomsonreuters.com/w-015-9067?transitionType=Default&contextData=(sc.Default)#:~:text=A%20rate%20of%20interest%20used,account%20solely%20for%20economic%20factors.
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The IMF has put out a "Series:Working Paper No. 2023/129."
This study reveals Real Effective Exchange Rate (REER) shifts approaching our new transition into a new economy.
It is recognized that exchange rate fluctuations/changes will be a part of these transitions in the near term. This will require foreign exchange interventions.
REER movements have been calculated and programmed into the new economy.
~~~~~~~~~~
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Goldilocks: "CHAPS , Stablecoins and more....Friday 6-23-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted news links and comments this morning:
"CHAPS is a sterling same-day system that is used to settle high-value wholesale payments as well as time-critical, lower-value payments like buying or paying a deposit on a property."
☝️CHAPS was the second part of the Bank of England's Migration.
The first one was RTGS or real-time gross settlements.
They are all done now.
© Goldilocks
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted news links and comments this morning:
"CHAPS is a sterling same-day system that is used to settle high-value wholesale payments as well as time-critical, lower-value payments like buying or paying a deposit on a property."
☝️CHAPS was the second part of the Bank of England's Migration.
The first one was RTGS or real-time gross settlements.
They are all done now.
© Goldilocks
https://twitter.com/payment_infrast/status/1671769687611277312?t=nDYcx3ILg3ZEtYpXUNBGuA&s=35
"Stablecoins are a form of money that needs to be regulated" per Jerome Powell.
This is why we're seeing a two-week delay in the implementation of our stablecoins and new monetary system.
Congress will be debating digital asset rules and the new stablecoin framework.
This is a new monetary policy that will guide our financial system going forward.
Central banks use monetary policy to manage economic fluctuations and achieve price stability.
In order to move forward, this aspect of our currency reforms will need to come to completion.
Jerome Powell did give us a date as to when he believed we would move forward with this new monetary policy on July 15th, 2023 in his report last Wednesday to Congress.
© Goldilocks
https://www.theblock.co/post/235852/u-s-house-committee-to-vote-on-crypto-stablecoin-legislation-in-july
https://www.crypto-news-flash.com/u-s-house-committee-prepares-for-crypto-legislation-showdown-in-july-debating-digital-asset-rules-and-stablecoin-framework-will-it-be-a-curse-or-blessing-for-bitcoin/
https://www.blockworks.co/news/fed-needs-to-regulate-stablecoins via @Blockworks_
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"Nium and Stellar Development Foundation Partner to Enable Payouts in 190 Countries."
This recent partnership will enable currencies to be transferred between companies around the world instantly.
It comes at a time when stablecoins are being liquidated and prepared for implementation around the world inside cross-border International payments between countries utilizing their own National Currencies.
This will increase demand for countries individual currencies, and this demand will increase their value.
© Goldilocks
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Goldilocks: "Protocol 20 codes are currently being integrated into the QFS" 6-22-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good afternoon Dinar Recaps,
Goldilocks posted comments and links to help us understand the financial global news:
It has come to my attention that Protocol 20 codes are currently being integrated into the QFS. These codes deal with currency protocols allowing digital assets to move through the system.
These are necessary, to run the stablecoins which represent a country's currency. This will increase money velocity and demand. Demand increases value of all the currencies in that country.
We are about a week away or less from stablecoin clarity finishing up in Congress. And, liquidity is already coming into this sector of the market along with bridges to several networks that will populate around the world on the QFS.
Goldilocks and Seeds of Wisdom
Thank you RJ
Good afternoon Dinar Recaps,
Goldilocks posted comments and links to help us understand the financial global news:
It has come to my attention that Protocol 20 codes are currently being integrated into the QFS. These codes deal with currency protocols allowing digital assets to move through the system.
These are necessary, to run the stablecoins which represent a country's currency. This will increase money velocity and demand. Demand increases value of all the currencies in that country.
We are about a week away or less from stablecoin clarity finishing up in Congress. And, liquidity is already coming into this sector of the market along with bridges to several networks that will populate around the world on the QFS.
This standardized digital process is backed by tokens with real values to support them such as gold ushering in a Gold Standard.
At the same time, we have what is called "foreign private issuer" status requirements coming out for companies involved in currency exchanges and other assets of their choosing.
A "foreign private issuer" is exempt from many of the US laws required for many of the assets sold in cross-border international trade.
These companies have until June 30th to complete their applications. It is renewed every year at about this time, and it will run between June 30th to December 31st of 2023.
© Goldilocks
https://www.jdsupra.com/legalnews/time-to-assess-foreign-private-issuer-8743369/
https://www.sec.gov/divisions/corpfin/internatl/foreign-private-issuers-overview.shtml
https://www.investopedia.com/terms/s/seact1934.asp
CFTC LINK
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☝️ this is the most important thing I will post today but there may be others
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Iraq is expected to take their new budget and put it into the Gazette next week.
This will make their new Financial International Agreements LAW.
They still have until the first week of July to begin implementing these new protocols.
Currently, Iraq has begun administrative employee development training through the CBI that will help them to engage and understand this new digital-asset global economy.
© Goldilocks
https://search4dinar.wordpress.com/2023/06/22/source-the-budget-law-reaches-justice-and-publishes-it-in-the-official-gazette-next-week/
https://cbi.iq/news/view/2365
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Goldilocks: “Stablecoins, ION Treasury and more” ….Wednesday 6-21-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted comments and links this morning:
Did you forget about the legislative bill that had to be done by the end of the month on Stablecoins?
It is well in play and in process with final touches being placed on it within days.
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted comments and links this morning:
Did you forget about the legislative bill that had to be done by the end of the month on Stablecoins?
It is well in play and in process with final touches being placed on it within days.
The next phase will be to liquidate the Stablecoins that will purchase the more than 5 trillion dollar tokenization of assets. This is in process along with bridges being built between asset networks to fulfill and secure funds through smart contracts.
This Market will be driven by Stablecoins and Central Bank Digital Currencies, private market funds, securities, and real estate.
Meanwhile, the BIS is proposing a Unified Ledger System to record the above tokenized asset transactions.
© Goldilocks
https://www.cryptotimes.io/stablecoins-cbdcs-drive-5t-tokenization-opportunity-bernstein/
https://urbanmatter.com/liquidity-providers-crypto-facilitating-efficient-trading-in-the-cryptocurrency-market/
https://watcher.guru/news/bis-unveils-unified-ledger-proposal-for-tokenized-assets
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ION Treasury is the world's leading provider of treasury and risk management solutions.
They just completed their migration to ISO20022 International Messaging System.
This brings them up to date with the standardizing and processing of financial transactions backed by real world assets such as gold.
Here is the formal announcement: "ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, has successfully moved its Wallstreet Suite clients to ISO 20022."
Here comes Wall Street.
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There were two points made at the beginning of Jerome Powell's talk today on monetary policies that were important for us to hear. Other talking points referenced the state of our Global Economy.
Digital asset clarity and the "implementation" of Stablecoins are expected by the middle of July.
Everything will be completed by the end of this month, but the implementation process of the new digital asset-based trading system regarding digital currency and digital assets will begin the middle of July.
© Goldilocks
https://www.cftc.gov/PressRoom/PressReleases/8721-23
https://www.youtube.com/live/Mxqfoij6rp8?feature=share
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☝️ There was mention that the dollar would have a weak roll going forward as digital assets move on to the scene.
Oh Lord, look out Bond Markets.
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