Goldilocks' Comments and Global Economic News for July 11, 2023
Goldilocks' Comments and Global Economic News for July 11, 2023
RJ: Good morning Dinar Recaps,
The US dollar is in a mega cycle, and it could take some time for it to fall. But, we are clearly in the end game cycle of the US dollar.
We are witnessing countries attempt to bring the US dollar down through the reduction of oil produced for the global economy. And now, we are witnessing Hedge Funders get involved with shorting the dollar. Hedge Funding is a pool of resources designed to direct and redirect market patterns. In other words, institutional money is beginning to get involved with the markets.
Hedge funding will create new price actions on the market and form new patterns going forward leading us into a commodity-based economy. "The report cites data from the CFTC as revealing that leveraged investors switched to a net short position on the US currency of 20,091 contracts in the week ending 7 July, having been long by a net 5,196 contracts in the previous week.
Goldilocks' Comments and Global Economic News for July 11, 2023
RJ: Good morning Dinar Recaps,
The US dollar is in a mega cycle, and it could take some time for it to fall. But, we are clearly in the end game cycle of the US dollar.
We are witnessing countries attempt to bring the US dollar down through the reduction of oil produced for the global economy. And now, we are witnessing Hedge Funders get involved with shorting the dollar. Hedge Funding is a pool of resources designed to direct and redirect market patterns. In other words, institutional money is beginning to get involved with the markets.
Hedge funding will create new price actions on the market and form new patterns going forward leading us into a commodity-based economy. "The report cites data from the CFTC as revealing that leveraged investors switched to a net short position on the US currency of 20,091 contracts in the week ending 7 July, having been long by a net 5,196 contracts in the previous week.
Bloomberg’s gauge of the dollar has dropped 1.6% this year on signs the Fed is nearing the end of its tightening cycle and as the rest of the world has caught up in raising rates to combat inflation." This puts us in an optimal position to RESET our Global Economy.
We are witnessing the BRICS Nations form an alliance. They are in the process of creating monetary policies to solidify this union and create a collective trading currency backed by gold.
At the same time, we have collective countries beginning to trade in their own National Currencies to increase the strength of their own currency values. Along with this move, we are witnessing them back there National Currencies with commodity resources.
Other countries' economies have been weakening for some time due to a strong dollar, and this does not bode well for US trading partners as well. It turns into a cycle whereby no World Reserve Currency in and of itself has that much power to sustain a global downturn.
There have been attempts to provide liquidity for smaller countries to keep their governments from falling into chaos. Inflation and increasing debt in the US economy just don't allow for sustained global growth to happen any longer.
We are all in this together, and the collective effort on the Global Economy is necessary to find new paths ahead of us. This is why you are seeing efforts to position ourselves in the Oil Market, the Silver Market, and the Gold Market.
The Commodity Market has been held down for a very long time. And many government officials around the world are calling for a weaker dollar and a stronger Commodity Market.
A weaker dollar supports growth in the stock market. This is why you saw a global shift on July 1st 2023. The movement from an interest-bearing liquidity mechanism known as Libor gave way to SOFR collateralized liquidity backed by gold.
Over time, this Global shift allows us to move from fighting inflation to protecting growth. We can expect a release of caps on the Commodity Market at any moment, and eventually, a resetting of prices inside the Commodity Markets that will allow for sustained growth.
A weaker dollar allows for a leveling off of currencies to occur raising the value of some and minimizing values and others.
This gives our global economy an opportunity to revalue everything inside a QFS financial model that will lead us forward into a new digital age of financing backed by gold.
New Standardized procedures are currently in development and monetary policies are being formed around the world to create and activate new banking protocols (20) that will lead us into the future.
All roads lead to Gold, and Gold will set us free.
© Goldilocks
http://www.hedgeweek.com/2023/07/10/321248/hedge-funds-go-net-short-us-dollar-first-time-march
https://www.bloomberg.com/news/articles/2023-07-10/hedge-funds-abandon-bullish-dollar-bets-on-peak-fed-speculation#xj4y7vzkg
https://en.m.wikipedia.org/wiki/Hedge_fund
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"The Federal Reserve Bank of New York’s New York Innovation Center (NYIC), in collaboration with members of the U.S. financial services sector, published the findings of a proof of concept (https://www.newyorkfed.org/newsevents/news/financial-services-and-infrastructure/2022/20221115) (PoC) that explored the feasibility of an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger."
In other words, regulated digital asset settlements have been researched and deemed capable of moving forward.
We can now begin looking for that final congressional vote on stablecoins representing a country's currencies.
© Goldilocks
https://www.tradersmagazine.com/am/ny-fed-completes-poc-for-regulated-digital-asset-settlement/
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Our Global Markets are currently and collectively utilizing their resources to purposefully reset our Global Markets.
© Goldilocks
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Based on the decision of the Board of Directors of this bank No. (112) for the year 2023 taken in its session No. (1637) held on 4/7/2023, it was decided to approve the resumption of the activity of the Mercury and Passport companies to mediate the sale and purchase of foreign currencies.
https://cbi.iq/news/view/2372
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Today, Monday, His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired a meeting with bank departments located in the Kurdistan region of Iraq.
During the meeting, they discussed the affairs of the banking sector in the region and upgrading its work to keep pace with developments, enhance financial inclusion and spread the culture of electronic transactions.
https://cbi.iq/news/view/2373
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"The Federal Reserve Bank of New York’s New York Innovation Center (NYIC), in collaboration with members of the U.S. financial services sector, published the findings of a proof of concept (PoC) that explored the feasibility of an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger."
In other words, regulated digital asset settlements have been researched and deemed capable of moving forward.
We can now begin looking for that final congressional vote on stablecoins representing a country's currencies.
© Goldilocks
https://www.tradersmagazine.com/am/ny-fed-completes-poc-for-regulated-digital-asset-settlement/
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What Is FedNow? The Government’s First Instant Payment Service Launches Soon | Nasdaq
https://money.com/what-is-fednow/?xid=nasdaq&utm_source=nasdaq&utm_medium=rss_synd
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Goldilocks' Comments and Global Economic News for July 10, 2023
Goldilocks' Comments and Global Economic News for July 10, 2023
RJ: Good morning Dinar Recaps,
~~~~~ Goldilocks posted the following few articles late yesterday July 9, 2023. I felt they were newsworthy to share. RJ ~~~~~
"The Colombian peso has emerged as the most revalued currency against the dollar in recent times, according to reports from renowned publications such as the Financial Times, Portfolio, and Money in Image.
Financial experts speculate on the reasons behind this unprecedented growth, which has seen the Colombian peso outperform its Mexican counterpart against the dollar."
BreakingLatestNews LINK
Goldilocks' Comments and Global Economic News for July 10, 2023
RJ: Good morning Dinar Recaps,
~~~~~ Goldilocks posted the following few articles late yesterday July 9, 2023. I felt they were newsworthy to share. RJ ~~~~~
"The Colombian peso has emerged as the most revalued currency against the dollar in recent times, according to reports from renowned publications such as the Financial Times, Portfolio, and Money in Image.
Financial experts speculate on the reasons behind this unprecedented growth, which has seen the Colombian peso outperform its Mexican counterpart against the dollar."
BreakingLatestNews LINK
"The peso is up 5.4% since the start of 2023, outperforming the Brazilian Real's 4.5% gain, yet below Mexico's peso advance of 7.8%, as sentiment over the direction of policy-making in Latin America's No."
Reuters LINK
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☝️ Can you imagine what these currencies are going to do when they are pegged to gold versus the dollar?
~~~~~ Goldilocks posted the following news and comments this morning July 10, 2023 ~~~~~
We first reported in this room that the New Development Bank said that the BRICS gold-backed currency would not be a part of the meeting in August. And now, we have another announcement:
HILARY JOFFE: "BRICS currency is not on the cards. Despite what politicians have said, it is not on the agenda for the summit in SA."
As we have mentioned before, the New Development Bank has asked countries joining the BRICS system to strengthen their National currencies through backing of their monetary system with gold or other commodities.
We have been witnessing major strides in countries becoming Basel 3 compliant in the East through Article 4 consultations being reported. And when they do challenge the dollar with their own single trading currency in the East backed by gold, it will be able to do what they want it to accomplish.
Basel 3 compliance will strengthen their currencies and add value to them, a single BRICS trading currency backed by gold at a later date will challenge the dollar.
© Goldilocks
https://www.businesslive.co.za/bd/opinion/columnists/2023-07-10-hilary-joffe-brics-currency-is-not-on-the-cards/
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"The Saudi Central Bank (SAMA) has issued the Implementing Regulations for the Law of Payments and Payment Services to support the objective of enhancing the soundness and efficiency of the payment systems infrastructure in Saudi Arabia."
The Saudi Arabian Monetary Agency (SAMA) is the kingdom's central money and banking authority.
It regulates commercial and development banks along with other financial institutions.
Going forward, Saudi Arabia has new regulations to guide their monetary system into the new QFS.
© Goldilocks
https://tradearabia.com/touch/article/BANK/411123
https://www.britannica.com/place/Saudi-Arabian-Monetary-Agency
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Want to know why those stablecoins haven't been voted on within the first week of July?
We have a strong focus on the enforcement of cryptocurrency engagement at this time.
Even though this is needed for now, a move towards collaborative efforts between the SEC and the CFTC is strongly being encouraged for cryptocurrency innovation and growth.
The dust is settling and a lot is taking place behind the scenes. Monetary policies are expected to be done by Saturday. Perhaps we will see the vote this week on Stablecoins.
© Goldilocks
https://heraldsheets.com/ex-sec-and-cftc-chairs-propose-new-crypto-regulatory-approach/
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"India And Tanzania Started Trade Settlements In Local Currencies: Jaishankar"
India is reporting another trade settlement in their local currency with Tanzania.
New Market patterns are being formed in currency developments trading in local currencies instead of the dollar.
© Goldilocks
https://www.outlookindia.com/national/india-and-tanzania-started-trade-settlements-in-local-currencies-jaishankar-news-301240
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JUST IN: $820 billion Standard Chartered Bank predicts Bitcoin will reach $120,000 by the end of 2024.
@WatcherGuru
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Goldilocks' Comments and Global Economic News for July 9, 2023
Good morning Dinar Recaps,
An unstable market has a profound effect on an economy. It sends the value of countries' goods, services, and currencies into a great deal of volatility.
This is why we are not seeing any prices set for gold, silver, and oil on the debt clock just yet.
Let's take a deep dive into these three assets that govern the global economies' currency values.
There is a correlation between gold and oil, but the price of silver has a life of its own when it comes to affecting the currency market. In the future, this is about to change. These three assets will be intertwined with one another.
We have a lot of electronic vehicles coming into our new market that requires a lot of silver for its production along with copper. Look for the price of copper to raise with the price of silver. Keep saving those pennies.
Good morning Dinar Recaps,
An unstable market has a profound effect on an economy. It sends the value of countries' goods, services, and currencies into a great deal of volatility.
This is why we are not seeing any prices set for gold, silver, and oil on the debt clock just yet.
Let's take a deep dive into these three assets that govern the global economies' currency values.
There is a correlation between gold and oil, but the price of silver has a life of its own when it comes to affecting the currency market. In the future, this is about to change. These three assets will be intertwined with one another.
We have a lot of electronic vehicles coming into our new market that requires a lot of silver for its production along with copper. Look for the price of copper to raise with the price of silver. Keep saving those pennies.
There is no doubt that the need for silver and copper in the future will play an important role in our global economies by way of jobs and the effect of a country's GDP.
Gold and oil play a much different role, but they have an equal or greater effect on our global economy than most people realize.
In today's world, many of our Eastern countries are pegging their local currencies to gold as we speak. The activation of Basel 3 compliance mechanisms inside a Basel 4 implementation will change the world. This will increase the value of Eastern countries' currencies purchasing power as the dollar is decreasing it's purchasing power.
To give you an idea how much OPEC controls the oil supply. It is estimated that 80% of it's proven oil supply runs through OPEC and 67% of that supply comes from the Middle East.
For this reason, OPEC is reducing the use of the Dollar in oil settlements and including the Yuan which is backed by gold in payments. When the BRICS Nations implement their own gold-backed currency, the need for the dollar will significantly decline.
If this were not enough, OPEC is calling on other countries besides Saudi Arabia and Russia to lower their oil production. This collective move changes the role and money velocity of the dollar while increasing money velocity in Eastern countries resetting their business models.
Again, we are in a currency war that will determine the way we live and how. It's all about situating ourselves inside choices that will determine our future.
For these reasons, we have not seen a repricing event in oil, gold, and silver. There is a positioning taking place in these three markets that will level the playing field going forward on our currencies causing them to have a repricing event that will reset our Global Economy.
Are you still watching the water?
© Goldilocks
https://www.nytimes.com/2023/07/03/business/saudi-arabia-russia-oil-cuts.html
OPEC LINK
Finance Yahoo LINK
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"In its latest Article IV assessment of the UAE, the IMF said that the country’s oil and gas sector is “under pressure” from the global energy transition. However, the IMF also noted that the UAE has “significant opportunities” to invest in renewable energy and other green industries."
There is tremendous pressure on the global economy being applied to move into green industries.
This will no doubt take a toll on the oil market going forward. In the meantime, the oil market will serve as a transitional commodity as countries in the east gain enough liquidity to move into a Green Market.
© Goldilocks
https://solarquarter.com/2023/07/07/imf-urges-uae-to-seize-economic-opportunities-in-green-transition/
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"It’s all part of Pozsar’s “Bretton Woods III” vision, where the dollar ultimately loses its hegemonic status over the next decade.
Importantly, he sees a different outcome from that of the British pound’s loss of reserve status in the early 20th century, when the U.S. dollar simply supplanted it.
Instead, he predicts a multi-currency world where no one currency is dominant, a result made possible because of CBDC clearing mechanisms, which negate the need for reserve currency intermediation.
Negotiating counterparts will need to agree on which of their two currencies to denominate their trade deal in, but they won’t have to default to the dollar, or some other universal standard, for actual settlement."
Source: CoinDesk
https://globeecho.com/business/crypto/the-real-use-case-for-cbdcs-dethroning-the-dollar/
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It is becoming increasingly clear that this Global Currency Reset is transforming our World into a whole new global society.
© Goldilocks
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Goldilocks' Comments and Global Economic News for July 8th
Good afternoon Dinar Recaps,
Tier-1 Banks are receiving an upgrade. This upgrade is compatible with Sepa and Swift payments.
It's purpose is to facilitate Cross-Border International Settlements efficiently.
This upgrade supports multiple currencies, and it enables seamless transactions in multiple units.
Multiple units refers to having a multi-currency account. This allows you to hold, receive, and spend multiple foreign currencies as you wish.
© Goldilocks
Good afternoon Dinar Recaps,
Tier-1 Banks are receiving an upgrade. This upgrade is compatible with Sepa and Swift payments.
It's purpose is to facilitate Cross-Border International Settlements efficiently.
This upgrade supports multiple currencies, and it enables seamless transactions in multiple units.
Multiple units refers to having a multi-currency account. This allows you to hold, receive, and spend multiple foreign currencies as you wish.
© Goldilocks
https://comtex.com/?p=436463578
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"SEC Adopts Rules to Prevent Fraud in Connection with Security-Based Swaps Transactions and Prevent Undue Influence over CCOs"
The adoption of this new rule allows people to exchange foreign currencies in the new digital system with a confidence your money will be secured.
The Final Rules become effective 60 days after the publication date of the adopting release in the Federal Register.
This puts us close to the end of August for this new Federal Regulation to take effect.
© Goldilocks
https://www.sec.gov/news/press-release/2023-104
https://www.sidley.com/en/insights/newsupdates/2023/06/sec-adopts-rules-to-prevent-fraud-in-security-based-swaps
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The US Dollar will be made available to trade under the new guidelines of SOFR rates in conjunction with the Commodities Exchange Act (30 days) after the CFTC approval on August 5th, 2023.
This puts us from August into early September for international trading to become available to us in our new International Payment System backed by gold.
© Goldilocks
https://www.cftc.gov/PressRoom/PressReleases/8745-23
https://www.cftc.gov/LawRegulation/CommodityExchangeAct/index.htm
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"Problems remain around T+1 implementation, Xceptor panellists say"
The pressure is on for technicians to move settlement times into same-day settlements or T+1.
Once this is accomplished, T+0 settlements will become possible.
T+0 settlements are instant settlement transactions between two parties.
© Goldilocks
https://www.assetservicingtimes.com/assetservicesnews/clearingandsettlementarticle.php?article_id=14567&navigationaction=clearingandsettlementnews&newssection=Clearing%20and%20Settlement
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A lot of work is going on behind the scenes in the banking system to make our new monetary system safe, fast, and efficient.
It truly is worth the wait. Our new monetary system will be far more advanced than anything we have ever seen, and the open banking concept will allow for upgrades to be made on an ongoing basis.
© Goldilocks
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Goldilocks' Comments and Global Economic News for July 7th, 2023
Good morning Dinar Recaps,
"Philippines writes off $1 billion in farmer debt to boost food production."
It looks like we have a Jubilee event going on in the Philippines.
Many debts going forward will be written off due to unlawful means of collection in the new monetary system as well as an inability to pay, but this action was an authentic effort to help the people.
You could say that these actions helped the country as well, but writing off a debt completely is an act of kindness that can never be repaid on either side making this a Jubilee event for both the government and the people.
© Goldilocks
Good morning Dinar Recaps,
"Philippines writes off $1 billion in farmer debt to boost food production."
It looks like we have a Jubilee event going on in the Philippines.
Many debts going forward will be written off due to unlawful means of collection in the new monetary system as well as an inability to pay, but this action was an authentic effort to help the people.
You could say that these actions helped the country as well, but writing off a debt completely is an act of kindness that can never be repaid on either side making this a Jubilee event for both the government and the people.
© Goldilocks
https://www.arabnews.com/node/2333816/world
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We are seeing "bridge assets" created. This gives a Digital Ledger transmission program on the blockchain the ability to perform exchanges of information from one digital platform to another or one computer to another.
In the new digital banking system, can you see how this is important in foreign currency exchanges?
Upon the completion of global assets being interfaced together on computer programs, the activation of Protocol 20 becomes possible.
In Protocol 20, quantum computer systems talk to one another seamlessly.
At this time, market and banking assets are still being tokenized and recorded onto the Digital Ledger Transmission System of the QFS.
New Monetary Policies that reflect the use of this new International Payment System will give us a path forward.
© Goldilocks
Hacken LINK
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BRICS Announcement July 7th 2023, on their one common currency for trade:
"The New Development Bank (NDB), established by the BRICS group of emerging markets, currently has no immediate plans to introduce a common currency among its member countries, according to Leslie Maasdorp, Vice President and Chief Financial Officer of the bank. While BRICS nations like Brazil, Russia, India, China, and South Africa aim to increase trade in local currencies, they are not prepared to challenge the global dominance of the US dollar. Maasdorp emphasised that the development of an alternative currency is a long-term goal rather than an immediate priority."
Do you see why the ability to organize the formation of a new monetary system requires a plan or monetary policies to guide the processing of such an event.
In case you are wondering, this gives individual countries the ability to strengthen, in the short term, their currencies' value through Basel 3 compliance requirements.
In Basel 3, commodity based support/capital for a countries' banking system will increase the net worth of national currencies.
Then, they can challenge the dollar as a Global Nation.
In the meantime, my understanding from OPEC is that a proposal is on the table to redenominate oil distribution in local currencies.
This will not bode well for the dollar in the short term as it will begin the process of leveling off currencies giving them real values.
© Goldilocks
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Treasury Releases Guidance on the Transition from Interbank Offer Rates to Other Reference Rates with Respect to the Interest Rates of a Foreign Bank | Foley & Lardner LLP
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Four benefits of paying in local currencies
Business Banking Tips LINK
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Goldilocks " Current Beta Testing taking place at this time on securing the entire QFS Payment System"
Goldilocks and Seeds of Wisdom
RJ: Good morning Dinar Recaps,
Iraq has hired a Quality Control Consultant to give guidance to their banks in following the new ISO Compliance Standards.
This will keep them compliant with updated changes that may take place to tweak our new monetary system.
Iraq is truly complying with International Banking Standards that will enable them to be well-received in the global community.
© Goldilocks
Goldilocks and Seeds of Wisdom
RJ: Good morning Dinar Recaps,
Iraq has hired a Quality Control Consultant to give guidance to their banks in following the new ISO Compliance Standards.
This will keep them compliant with updated changes that may take place to tweak our new monetary system.
Iraq is truly complying with International Banking Standards that will enable them to be well-received in the global community.
© Goldilocks
This new system called Quantum Key Distribution is a protection mechanism that will enable secure cross-border International transactions in healthcare and in the financial world.
This new technology is being currently tested in the UK through HSBC. If it is successful, it will be interfaced onto the new Quantum Financial System.
I am aware that guidelines for this new International Product is expected to be completed by October, but this does not mean the incorporation of this product cannot be used before this time.
In fact, there is a strong belief that this new mechanism will be done in September completely.
© Goldilocks
【TOSHIBA】Quantum key Distribution https://youtu.be/dObejZrXYiw
https://datamatters.sidley.com/2023/06/29/sec-delays-enactment-of-cyber-rules-related-to-investment-adviser-and-public-companies-to-october-2023-updates-timeline-to-april-2024-for-recently-proposed-cybersecurity-rules/
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China has launched a new banking mechanism that will allow their Digital Yuan to be transacted in CBDCs.
This new payment tool will enable cross-border International transactions.
The service is being provided through the DBS Bank. DBS Bank Ltd. is a leading financial services group in Asia with a presence in 18 markets.
© Goldilocks
https://cointelegraph.com/news/crypto-friendly-dbs-bank-launches-digital-yuan-payment-tool
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Gold and silver have reached impressive leaps this past year, but they are beginning to move into a new phase of this bull rally.
The demands for gold and silver going forward will be intensified due to financial stability during crisis situations in an economic transition AND the need for technological advances that will move us forward.
We are truly moving into a Commodity Based Market whereby the Commodity Markets will be called on in ways they have never seen in history.
© Goldilocks
https://goldseek.com/article/gold-bull-market-entering-new-phase
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As we have been sharing, July the 1st and moving forward would be the phase of bridging digital networks together from around the world.
This includes the tokenization of Market Assets and Banking Tokens.
There is current beta testing taking place at this time on securing the entire QFS payment system.
This beta testing of the current QFS payment system will be an all-inclusive ability to do cross-border transactions in any coin representing a country's currency going forward.
This is why you saw the XRP pegged to the IQD yesterday.
We already have an international messaging system through ISO20022 that has began.
And now, we turn our attention to Protocol 20 to complete the International Payment System on the QFS. More information on this will be coming in the near future.
© Goldilocks
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Goldilocks "In the end, Gold is the Checkmate and the BRICS Nations are holding all of the cards" 7-5-2023
Goldilocks and Seeds of Wisdom
RJ: Good morning Dinar Recaps,
Okay folks, I had some time to do some writing and thinking yesterday since the markets were closed.
What I am about to share with you will take a little time to read, but if you stay with it and understand it you will be glad you did.
The resources for everything that was said in this writing goes along with this story. 👇
Goldilocks and Seeds of Wisdom
RJ: Good morning Dinar Recaps,
Okay folks, I had some time to do some writing and thinking yesterday since the markets were closed.
What I am about to share with you will take a little time to read, but if you stay with it and understand it you will be glad you did.
The resources for everything that was said in this writing goes along with this story. 👇
Normally, the price of oil goes up when oil production is reduced. Saudi Arabia has been taking the brunt of this in their decision to cut oil production earlier this year, and they will be joined with Russia in August.
Yet, the price of oil has not gone up significantly. Part of the reason for this has to do with inflation continuing to go up along with the increase in interest rates.
The top oil-producing countries are Saudi Arabia, Russia, the United States, Iran, and China.
If we see more countries getting involved with an attempt to raise the price of oil through production reduction and the US continues to raise interest rates to battle inflation, this will have a significant impact on transportation issues along with employment reductions.
Do you see what is happening? We are in a Global Currency War, and it is about to heat up with Russia joining Saudi Arabia and reducing oil production in August.
It is important to note that America has currently shifted towards Canada and Latin America for oil supplies. We have yet to open our own pipelines to bring in more oil from our own resources in America.
The heavy cost in all of these strategic global moves on oil affects the people. At some point, there will be a breaking point in the overall economy as these chess moves take us closer to a checkmate.
The rise and fall of gold and oil usually go in tandem with one another, but inflation is complicating this issue.
In the end, gold is the checkmate and the BRICS Nations are holding all of the cards with their up-and-coming gold-backed trading currency coming into play next month.
While attention has gone toward the battle between Russia and Ukraine, we have been fighting a global war behind the scenes that makes that one look like child's play.
All wars lead to peace agreements, and this one is no different. In the end, the Global Currency Reset on everything will bring our countries together to sign an International Treaty Agreement that will be inked in gold.
All roads lead to gold, and gold will set us free.
But wait, this story isn't over just yet.
"Silver price manipulation dates back to 1979 to 1980 when oil baron brothers William and Nelson Hunt reportedly bought upwards of 35 million ounces of silver worth at least US$1 billion. The Hunts were buying both physical silver and silver futures and were taking physical delivery on futures contracts instead of settling for cash. Their actions ultimately sent the white metal’s price soaring to nearly US$50 per ounce, still its highest price to date.
However, their scheme ultimately ended in disaster: On March 27, 1980, they missed a margin call, and the silver price plunged to US$11 in an event forever known as “Silver Thursday.”'
Since that time, It is believed the banks have been manipulating the price of silver by shorting the market and collecting its profits.
In the event of a dollar collapse, silver is not tied to the price of the dollar like gold is, and its ability to roam to higher values has no limit.
You could say, this shiny white metal is the silver lining in our story for it's potential to create a world of abundance from the ashes of a certain global catastrophe makes this asset as good as gold.
And, this is just the beginning of the story for silver. Silver's potential to provide a good conductor metal resource for the new technological age will make it unstoppable. We will save that one to be written in stories yet to be told.
So there you have it, an oil, gold, and silver reset giving our world fundamental values in these three assets needing to be recorded on the US Debt Clock.
Once we have fundamental values for the new digital economy going forward, we will have a ground zero and a place to start inside a new world whereby the limits placed on our society at that time will only be the ones we place on ourselves.
© Goldilocks
SILVER Investing News
Saudi Arabia and Russia to Extend Oil Cuts
https://www.nytimes.com/2023/07/03/business/saudi-arabia-russia-oil-cuts.html
How Oil Could Influence Gold Prices in 2023
What Is the Relationship Between Oil Prices and Inflation?
Where Does America Get Oil? You May Be Surprised
US Energy Information Administration
https://www.eia.gov/tools/faqs/faq.php?id=709&t=6
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Global regulatory developments are literally reshaping the crypto world
https://cryptoslate.com/global-regulatory-developments-are-literally-reshaping-the-crypto-world/
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Nearly all countries exploring digital currency
https://www.herald.co.zw/nearly-all-countries-exploring-digital-currency/
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Thank you Dinar Recaps
Goldilocks' Comments and Global Economic News for July 4th
Good morning Dinar Recaps,
Indonesia is beginning to show some signs of Independence.
During their Article 4 consultation with the IMF, Indonesia was urged to lift their export ban on Ore. They rejected this suggestion.
Ore is a mineral that can be mined and sold as a metal commodity.
This move has given them the ability to expand the net worth of their country through this commodity increasing purchasing power on their currency.
Happy 4th of July Indonesia!
© Goldilocks
Good morning Dinar Recaps,
Indonesia is beginning to show some signs of Independence.
During their Article 4 consultation with the IMF, Indonesia was urged to lift their export ban on Ore. They rejected this suggestion.
Ore is a mineral that can be mined and sold as a metal commodity.
This move has given them the ability to expand the net worth of their country through this commodity increasing purchasing power on their currency.
Happy 4th of July Indonesia!
© Goldilocks
https://jakartaglobe.id/news/independence-first-indonesia-rejects-imfs-call-to-lift-ore-export-ban
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"Digital Asset Market Structure Bill Seeks to Fill US Regulatory Gaps"
The Stablecoin Regulation Bill is completed. Congress decided to expand on the gaps previously found in the existing structural framework of current digital assets.
The SEC and CFTC were given specific regulation lines of authority on particular aspects of these assets depending on what category they fell into in requiring guidance.
A vote is expected to complete this process in the early part of July.
© Goldilocks
https://www.fintechanddigitalassets.com/2023/06/digital-asset-market-structure-bill-seeks-to-fill-us-regulatory-gaps/
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Building a Strong, Capable Iraq Will Shape Its Foreign Policy
...the focus of Iraq’s diplomacy is shifting to economic cooperation...
https://search4dinar.wordpress.com/2023/07/04/building-a-strong-capable-iraq-will-shape-its-foreign-policy/
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Foreign Minister and European delegation discuss digitization of Iraq’s banking system
Search4Dinar LINK
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Thank you Dinar Recaps
Monday Afternoon Goldilocks post, sent to Dinar Recaps
Good afternoon Dinar Recaps,
Goldilocks posted comments and news links to help us understand where we stand with the global financial system:
JPMorgan Chase and 40 Other US Banks Conducting FedNow Trial Runs Ahead of the Instant Payment Service’s Launch - The Daily Hodl
https://dailyhodl.com/2023/07/01/jpmorgan-chase-and-40-other-us-banks-conducting-fednow-trial-runs-ahead-of-the-instant-payment-services-launch/
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I understand bank employees took their laptops home over the weekend and were given instructions to leave their computers on for updates on the new system taking place.
Yes, we start this week with new collateralized SOFR settings inside the banking system and the market.
Good afternoon Dinar Recaps,
Goldilocks posted comments and news links to help us understand where we stand with the global financial system:
JPMorgan Chase and 40 Other US Banks Conducting FedNow Trial Runs Ahead of the Instant Payment Service’s Launch - The Daily Hodl
https://dailyhodl.com/2023/07/01/jpmorgan-chase-and-40-other-us-banks-conducting-fednow-trial-runs-ahead-of-the-instant-payment-services-launch/
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I understand bank employees took their laptops home over the weekend and were given instructions to leave their computers on for updates on the new system taking place.
Yes, we start this week with new collateralized SOFR settings inside the banking system and the market.
For the last year and a half, we have been moving several economic mechanisms over to these new SOFR reference rates through legislative bills designed to compliment a digital asset-based exchange system.
New protocols have been created, approved, and put into place forming a new economy. At this point, the paperwork is done with exception of upgrades to the system going forward that will connect our Quantum Technologies around the world into one. This includes the all-important Stellar platform uniting payment systems of all forms to move through the Stellar Network.
These new mechanisms will begin to form new price actions on the market. There will be sectors of the market that will rise during this time while others who did not convert to these new SOFR settings will face challenges in this new economic reality.
We still need to see our currencies move into real values. Last week, some countries have reported that they are undervalued as much as 15% right now. Some are much greater than these numbers.
This is the phase of our economy whereby a Level Playing Field in the Banking System, the Markets, and the Private Sector move into real values.
Going forward, the dollar will be challenged. It's greatest challenge will be faced next month when the BRICS System introduces a new trading currency backed by many different countries and by gold.
Before we even get there, the dollar has many challenges it must go through before it meets face-to-face with its destiny. Continued de-dollarization and high debt will play a significant role in the transformation of the dollar.
In a high-debt society, the ability to liquidate a country becomes less and less. Our new SOFR settings will help, but it is clear that a reset in our global economies' currency rates will change the landscape of the Global Economic System.
© Goldilocks
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"The Treasury General Account is the U.S. government's operating account that is maintained by designated depositories, primarily Federal Reserve Banks."
The US National Debt has spiked by $851 billion in one month to reach a $32.3 Trillion Dollar deficit.
This new debt is coming in Q3 to refill the TGA. It will be used to pay for deficits, and debts cause lack of funding and adjustments will be made.
Going forward, monetary policies and economic shifts are expected.
© Goldilocks
https://wolfstreet.com/2023/07/02/us-national-debt-spiked-by-851-billion-in-one-month-to-32-3-trillion-flood-of-new-debt-in-q3-to-refill-the-tga-pay-for-raging-deficits/
https://tfx.treasury.gov/taxonomy/term/10867#:~:text=The%20Treasury%20General%20Account%20is,handle%20daily%20public%20money%20transactions.
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"The potential launch of a new currency by BRICS (Brazil, Russia, India, China, South Africa) could destabilize the U.S. dollar's dominance and threaten several U.S. financial sectors.
This seismic shift could cause a domino effect across various U.S. industries including banking, finance, commodities, and international trade.
The U.S. economy might suffer further if the BRICS currency becomes the standard for settling oil and gas trades."
Do you see why we have not seen a price placed on the oil sector of the market on the debt clock?
A change of this magnitude has the tendency to shift silver and gold prices to real values as well. These economic changes will enable us to put real prices on gold, oil, and silver.
© Goldilocks
https://www.cryptopolitan.com/brics-currency-threatens-financial-sectors/
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BREAKING NEWS
RUSSIAN EMBASSY IN KENYA SAYS THAT THE NEW BRICS TRADING CURRENCY IS BACKED BY GOLD
Good morning everyone.
Read: https://twitter.com/GoldTelegraph_/status/1675869972440948736
Goldilocks added, UH OH...
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Goldilocks Sunday Afternoon Post - 7/02/2023
Good morning Dinar Recaps,
Goldilocks posted comments and links to global financial news:
China is the country with the largest population on Earth.
It is also the fastest growing aging population.
The Chinese digital Yuan settlement mechanisms are currently being placed on to their social security payment functions.
This will not only save them a lot of money, but it is going to enhance the spread of the Yuan even further.
This adoption of digital currency will no doubt increase the acceptance of digital money around the world. It will serve as an opportunity for other countries to do the same with their own digital money.
Good morning Dinar Recaps,
Goldilocks posted comments and links to global financial news:
China is the country with the largest population on Earth.
It is also the fastest growing aging population.
The Chinese digital Yuan settlement mechanisms are currently being placed on to their social security payment functions.
This will not only save them a lot of money, but it is going to enhance the spread of the Yuan even further.
This adoption of digital currency will no doubt increase the acceptance of digital money around the world. It will serve as an opportunity for other countries to do the same with their own digital money.
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SEC SOURCES CONFIRM GARY GENSLER RESIGNATION
https://www.thecryptoalert.com/post/sec-sources-confirm-gary-gensler-resignation
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We have moved from not being able to revalue in the old financial system to being able to revalue in the new one.
Let's follow the steps that will take us there. Old terminology no longer applies.
We live in a digital world going forward inside the markets and banking system.
© Goldilocks
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The Stellar Network has been out shining Ripple as of late. The continued struggle of Ripple with the SEC has made the growth of Ripple difficult, but it will not always be this way.
In the meantime, people are turning to Stellar Lumens for growth potential especially with the Protocol 20 Upgrade coming into play.
This upgrade will affect the fee structure of transactions and make this system more efficient. One of Stellar's goals is to lead in the area of financial inclusion and smart contract development across all sectors of the market.
Upon its completion, we will have a fully tokenized monetary system instead of just parts of the system being integrated into the markets individually.
This upgrade is so important to the overall enhancement of the new digital markets that one cannot overlook the impact it will have on every sector of the market. This includes the foreign currency exchange markets.
© Goldilocks
https://u.today/stellar-xlm-outshines-xrp-here-is-likely-reason
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The future monetary system is already here | Kuensel Online
https://kuenselonline.com/the-future-monetary-system-is-already-here/
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De-dollarization Trend Accelerates as Argentina Makes IMF Payment Using Yuan
https://sputnikglobe.com/20230701/dedollarization-accelerates-as-argentina-makes-imf-payment-using-yuan-1111605999.html
~~~~~~~~~~
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Thank you Dinar Recaps
Friday Morning Goldilock post
Good morning Dinar Recaps
Goldilocks posted some comments and links on global financial news:
“Vietnam’s economic growth is projected to recover in the second half of 2023, reaching around 4.7 percent for the year, supported by a rebound in exports and expansionary domestic policies. Inflation is expected to remain contained below the SBV’s 4.5 percent ceiling. Over the medium term, Vietnam can return to high growth rates as structural reforms are implemented."
This is part of a report the IMF gave on Vietnam at the end of their Article 4 evaluation. It was recommended that Vietnam take the lead now and guide their country through fiscal policy.
Fiscal policy is the use of government revenue collection and expenditure to influence a country's economy.
Good morning Dinar Recaps,
Goldilocks posted some comments and links on global financial news:
“Vietnam’s economic growth is projected to recover in the second half of 2023, reaching around 4.7 percent for the year, supported by a rebound in exports and expansionary domestic policies. Inflation is expected to remain contained below the SBV’s 4.5 percent ceiling. Over the medium term, Vietnam can return to high growth rates as structural reforms are implemented."
This is part of a report the IMF gave on Vietnam at the end of their Article 4 evaluation. It was recommended that Vietnam take the lead now and guide their country through fiscal policy.
Fiscal policy is the use of government revenue collection and expenditure to influence a country's economy.
Government revenue collection is the following: individual and corporate income tax deposits, customs duties, fees for government service, fines, and loan repayments.
Through the implementation of these reforms, Vietnam's government will be able to sustain their government and influence growth going forward.
For these reasons, Vietnam has been released of Article 4 from the IMF. "IMF Staff Completes 2023 Article IV Mission to Vietnam."
Along with Vietnam's adherence to SOFR lending rates and Basel 3 compliance, Vietnam has over 20 million tons of rare earth minerals valuing at 3 trillion dollars to put them well on their way to economic growth and the revaluation of all of their assets.
© Goldilocks
https://www.imf.org/en/News/Articles/2023/06/29/pr23247-vietnam-imf-staff-completes-2023-art-iv-mission
https://www.vietnam-briefing.com/news/rare-earth-mining-vietnam.html/#:~:text=Vietnam's%20rare%20earth%20reserves,for%20the%20nation's%20economic%20development.
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"Article IV outlines states’ powers in relation to each other. States have the authority to create and enforce their own laws but must respect and help enforce the laws of other states. Congress may pass Federal laws regarding how states honor other states’ laws and records."
The IMF reported that Indonesia has shown progression since 2022 through their forward-looking reforms to help sustain their economic challenges moving forward.
In other words, Indonesia has become a self-sustaining government capable of moving forward with their own monetary policies.
There are several minerals found and produced in Indonesia such as tin, bauxite, nickel, gold, and copper. Many of these minerals are used in creating electronic vehicles.
These minerals are found in such abundance that the backing of their economy places them on the road to Basel 3 compliance and implementation.
"IMF Executive Board Concludes 2023 Article IV Consultation with Indonesia"
© Goldilocks
https://www.imf.org/en/News/Articles/2023/06/22/pr23229-indonesia-imf-executive-board-concludes-2023-article-iv-consultation-with-indonesia
http://www.imf.org/external/np/sec/misc/qualifiers.htm
https://www.statista.com/topics/4690/natural-resources-in-indonesia/#topicOverview
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The Commodities Futures Trading Commission (CFTC) issued a no-action letter for moving forward with the Libor reference rates shifting to SOFR lending rates on June 30th.
This no action letter means permission has been granted for today's transition into a new collateralized economy.
USD LIBOR ICE Swap Rates and Moscow Prime Offered Rates were given a nod to proceed.
After today and tomorrow, these new reference rates will begin transitioning our new economy from the old one. The process of moving into real values in our new digital economy has been given the green light.
© Goldilocks
https://www.cftc.gov/PressRoom/PressReleases/8737-23
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Just in case you are wondering. "IMF Staff Completes 2020 Article IV Mission with Iraq."
Since that time, Iraq had currency reforms to implement and a budget to complete.
They have been reviewed regularly due to ongoing issues with our global economy during Covid-19 to keep them updated with Article 4 conducted by the IMF.
Here is what was said to Iraq on May 31st, 2023 in their closing comments to them from the IMF. "...the mission urges full implementation of the framework for managing government guarantees,"
In other words, the government is capable of moving forward with guarantees backed by their financial reforms that comply with Basel 3 and QFS mechanisms.
© Goldilocks
https://www.imf.org/en/News/Articles/2020/12/13/pr20372-imf-staff-completes-2020-article-iv-mission-with-iraq
https://www.imf.org/en/Countries/IRQ
https://www.imf.org/en/News/Articles/2023/05/31/pr23188-iraq-imf-staff-concludes-staff-visit
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Iraq, Indonesia, and Vietnam have completed Article 4 with the IMF and are capable of moving forward with their currency reforms.
© Goldilocks
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We will see some movement in July with our currencies, but August will begin showing us huge changes in leveling off our currencies around the world.
© Goldilocks