Goldilocks' Comments and Global Economic News for July 22, 2023

Q & A Room

Goldilocks on the Seeds of Wisdom Team Website

© Goldilocks

https://www.fxstreet.com/cryptocurrencies/news/us-house-republicans-pass-bill-to-regulate-industry-framework-sec-cftc-registration-for-btc-and-stablecoins-202307210012

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Goldilocks' Comments and Global Economic News for July 21, 2023

Dinar Recaps,

RJ: Goldilocks posted comments and links on the global financial system:

Several important items posted last night:

Now, we turn to the final points of our story. The QFS.

I will cover important events taking place in the old system, but my focus going forward will be the QFS.

Remember, the FedNow is having difficulties getting enough Global Digital Networks to interface with this system.

There is a good reason for this taking place. On the other hand, the QFS moves forward.

Dinar Recaps,

RJ: Goldilocks posted comments and links on the global financial system:

Several important items posted last night:

Now, we turn to the final points of our story. The QFS.

I will cover important events taking place in the old system, but my focus going forward will be the QFS.

Remember, the FedNow is having difficulties getting enough Global Digital Networks to interface with this system.

There is a good reason for this taking place. On the other hand, the QFS moves forward.

Banking Announcement:

"US House Republicans pass bill to regulate industry framework, SEC, CFTC registration for BTC and Stablecoins"

☝️ I will speak more on this tomorrow. We should hear more on this tomorrow.

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TODAY

Introduced in House (01/26/2023)

21st Century Dollar Act

"This bill requires the Department of the Treasury to establish a strategy to facilitate the position of the dollar as the primary global reserve currency.
Treasury must submit a report that includes (1) steps taken to implement this strategy, legislative recommendations, and efforts by major foreign central banks to create an official digital currency; and (2) an evaluation of the role of the renminbi (the official currency of China) in international payments and foreign exchange reserves."

The dollar is taking on a new role in our Global Economy. China's currency is also being evaluated to play a huge part in the new economy.

At this point, the dollar is moving from a World Reserve Currency to a Primary Global Reserve Currency.

These new roles are being facilitated and established by the US Treasury Department indicating a new placement of authority for the dollar/digital in our Global Economy.

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"US House Republicans pass bill to regulate industry framework, SEC, CFTC registration for BTC and Stablecoins."

Now, we need the Democrats to approve this new bill to move forward.

This bill had to be reintroduced this month because of XRP and the SEC finally resolving their case.

It is currently moving through Congress with updated guidelines and clarification on the crypto space.

This new bill includes registration for Bitcoin and Stablecoins.

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"A token standard is a set of specific rules and protocols that determine the way a cryptocurrency token is created, behaves, and functions on a blockchain network."

Our new digital economy is requiring us to clarify roles and create guidelines that become monetary policies around the world through a standardized process that develops new protocols for our Global Economy.

Most of our tokens are being defined as commodities going forward. Real values on every sector of the market will get locked into place because of these new roles. Everything is getting tokenized. Every asset.

This puts us inside a Gold Standard Protocol. In the QFS, this may be called by a different name as we move forward.

At this time, networks and countries around the world are interfacing with each other and establishing new trust line payment mechanisms.

Protocol 20 will activate these Quantum Technologies allowing us to seamlessly conduct Global transactions that will reset our Global Payment System under new protocols and prices facilitated by smart contracts and artificial intelligence.

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Our countries are turning gold more each day, and the US Treasury is being given more and more authority over the economy.

© Goldilocks

https://decrypt.co/149234/bipartisan-bill-would-give-us-treasury-authority-over-defi

https://www.usmint.gov/about/mint-tours-facilities/fort-knox#:~:text=1935%20%2D%20Present&text=August%20%2D%20Congress%20authorizes%20the%20transfer,country's%20precious%20metal%20bullion%20reserves.

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Blockchain in Transportation and Logistics Market – Increasing venture capital funding and investments in blockchain technology, Various Venders boosting market growth

https://prophecyjournals.com/blockchain-in-transportation-and-logistics-market-increasing-venture-capital-funding-and-investments-in-blockchain-technology-various-venders-boosting-market-growth/

☝️ More liquidity coming into the digital economy.

Considering tokenization: The future of real assets?

"Tokenization, through its utilization of blockchain and other distributed ledger technologies, has begun revolutionizing the digitalization of assets and is emerging as one of the most prominent use cases for the asset class. Real assets, such as real estate, infrastructure, and precious metals, are increasingly adopting tokenization as a means to access investment opportunities from a diverse range of investor groups. The momentum of this adoption is expected to continue, as indicated by a report from BCG and ADDX, which forecasts a potential market worth $16.1 trillion by 2030."

https://www.kitco.com/commentaries/2023-07-20/Considering-tokenization-The-future-of-real-assets.html

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U.S. Department of the Treasury
Office of Public Affairs

Press Release:             FOR IMMEDIATE RELEASE
July 21, 2023

Contact: Treasury Public Affairs; press@treasury.gov

Remarks by Secretary of the Treasury Janet L. Yellen on Economic Resilience in Hanoi, Vietnam

As Prepared for Delivery

Thank you for that kind introduction. I’m thrilled to be in Hanoi for my first visit to Vietnam as Treasury Secretary. And I’m thankful to the U.S.-ASEAN Business Council and the companies here for your warm welcome.

In 1995, the United States and Vietnam normalized our diplomatic relations. In the 28 years since, we’ve seen a remarkable transformation sweep this country – from here in Hanoi down to Ho Chi Minh City.

This economic boom has been driven by the hard work and talent of the Vietnamese people. And it has been catalyzed by the engine of market reforms and global trade and investment. Vietnam is now a key player on the global economic stage and serves in a critical role in many vital global supply chains.

During this trip, I have seen firsthand the dynamism and energy that has propelled your economic development. This undeniable strength will help you achieve your goal of becoming a high-income country by 2045.

The United States has been your steadfast partner. At the turn of the century, we were proud to sign a robust bilateral trade agreement to expand our economic relationship. In 2007, Vietnam joined the World Trade Organization.

Since then, our relationship has only broadened and deepened. Our trade now encompasses everything from machinery to textiles to electronic components. Many of America’s largest companies – like Apple and Google – have a significant and growing presence in Vietnam.

For the past two decades, trade between our two countries grew at nearly 25 percent a year. That’s an astounding rate. Not only has U.S. imports of Vietnamese goods skyrocketed, but today, the U.S. exports nearly 20 times more to Vietnam than in 2002.

There is no sign that this momentum is slowing. Our goods trade reached a record high last year. I believe this strong economic relationship is possible because it is founded on mutual trust: it stems from our work to address the legacies of the war and is underpinned by the close and growing links between our peoples.

Today, I’d like to speak about how our economic partnership has grown even more important over the past few years. Since 2020, our countries – and the entire world – have faced a series of historic economic, public health, and geopolitical shocks.

In response, President Biden and I are advancing an agenda to strengthen our economic resilience. A driving principle of this agenda is to deepen U.S. engagement and cooperation with a broad network of reliable economic partners in areas like trade and climate. These efforts are not only focused on advanced economies – but also on developing countries and emerging markets like Vietnam.

I believe that this effort is good for the United States. And it’s good for Vietnam and other countries as well.

Economic Resilience Agenda

Let me explain.
In 2020, the world was struck by a once-in-a-century global pandemic. It claimed millions of lives and brought the world economy to a standstill.

Two years later, Russia launched a barbaric full-scale invasion of Ukraine. This war has led to the loss of many innocent Ukrainian lives and destroyed cities and civilian infrastructure. And it has generated seismic volatility in the prices of commodities like food and oil.

The impacts of these shocks have reverberated around the world – from here in Southeast Asia to Africa to North America.

While the causes of these disruptions are global, their impacts are personal. The COVID pandemic caused the first rollback in extreme poverty gains in decades. It also disrupted global supply chains, preventing families and businesses from getting the essential goods that they relied on. These shocks also contributed to global inflation – putting tremendous pressure on household budgets that were already tight to begin with.

~~~~~~~~~~

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https://twitter.com/Rohitku24694375/status/1681748355519750145?t=96ss_RgNy63KCmNnXSCuZw&s=35

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Goldilocks' Comments and Global Economic News for July 20, 2023

Goldilocks' Comments and Global Economic News for July 20, 2023

Good afternoon Dinar Recaps,

Goldilocks posted comments and links on global economics:

ISO 20022.... LET'S DO IT
💥🚨🚨🚨🚨ALERT: THE FEDERAL RESERVE OF THE UNITED STATES COULD LAUNCH ITS FEDNOW REAL-TIME PAYMENTS SERVICE AS EARLY AS TOMORROW🚨🚨🚨🚨💥

Goldilocks' Comments and Global Economic News for July 20, 2023

RJ: Good afternoon Dinar Recaps,

Goldilocks posted comments and links on global economics:

ISO 20022.... LET'S DO IT
💥🚨🚨🚨🚨ALERT: THE FEDERAL RESERVE OF THE UNITED STATES COULD LAUNCH ITS FEDNOW REAL-TIME PAYMENTS SERVICE AS EARLY AS TOMORROW🚨🚨🚨🚨💥

https://twitter.com/Rohitku24694375/status/1681748355519750145?t=96ss_RgNy63KCmNnXSCuZw&s=35

Iraq is in the process of creating an electronic mechanism that would force the sale of the Iraqi dinar inside the bank system and away from external markets putting pressure on their National Currency to rise outside of their control.

Banks in Iraq who achieve this benchmark will be given preferential treatment inside the Foreign Currency Market.

These banks will be given an opportunity to experience more inflows from Governmental funds to help them achieve this goal.

Once this goal is reached, Iraq will be able to formulate a real value for their currency going forward.

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The BRICS Nations have been buying massive amounts of gold. This expands the net worth of their currencies as an alternative monetary holding.

This puts more pressure on mining companies around the world to accelerate in their ability to function as an alternative source of income available to the world.

If they are successful in creating these new functions for gold, gold will be seen as an alternative Global Currency.

These new demands would increase the value of gold as well as force a repricing event in Gold we are looking for to liquidate our Global economies.

This repricing event would affect our digital, as well as, paper currencies around the world and give companies more money flow to grow their business ventures.

All roads lead to gold, and gold will set us free.

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Institutional money is beginning to flow into the crypto space. Companies like BlackRock, Rothschild, Vanguard, and Franklin Templeton have and are beginning to liquidate the digital markets.

These Big Players are capable of moving a market forward, and their visions for a digital economy have placed them into a position that carves out a pathway for their companies to thrive inside a new economic environment.

As we have already pointed out in a previous article, the inclusion of crypto, gold, and the dollar are rapidly becoming inseparable forces of nature that cannot be stopped.

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Chainlink Launches Cross-Chain Protocol to Bridge Blockchains With Traditional Capital Markets"

New digital protocols allowing crypto networks to cross over into Traditional Capital Markets are forming Bridges between money and the marketplace.

This is why I keep sharing with you that digital-assets, gold, and money will operate as one entity going forward through smart contracts and artificial intelligence.

The tokenization of commodities and assets gives a real value to prices that will secure monetary valuations moving them inside an economy.

This makes a Global Currency Reset more than a possibility. It is inevitable.

As each country formulates digital monetary policies that will meet with recommendations from the G20 meeting in September for the Global Economy, we are being positioned for a standardized process that can give us a path forward.

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☝️The above process will not take long in a small country like Iraq, and once they have a real value in the microcosm they can take it to the macrocosm.

Currently, they have been using a programmed rate for "in country." The next step for them in determining a real rate for their country is what they are doing right now.

It will lead to the project of deleting the three zeros.

Population of Iraq: 43.53 million (2021)

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Twenty-two nations have formally applied to become members of the BRICS economic bloc.

The list is growing by the day.

Read: https://twitter.com/goldtelegraph_/status/1681956531980455936?s=46

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© Goldilocks

https://www.fsb.org/2023/07/fsb-finalises-global-regulatory-framework-for-crypto-asset-activities/

https://www.generalist.com/briefing/stablecoins

https://cryptoticker.io/en/global-crypto-framework-fsb-finalized-recommendations/

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Goldilocks' Comments and Global Economic News for July 19, 2023

Goldilocks' Comments and Global Economic News for July 19, 2023

RJ: Good evening Dinar Recaps,

Goldilocks posted comments and links on global economics:

On June 23rd, 2023, "BP Ventures Wins Stellar Community Fund Award for LightEcho Oracle." BP Ventures is a leading fintech and blockchain consulting firm.

They were given liquidity and the permission to move forward with their LightEcho Oracle - an
oracle utility developed for Stellar’s Soroban smart contract platform. Smart contracts secure funding for both sides of a trade and are there to move forward.

Soroban smart contracts are part of the quantum technology developed to activate Protocol 20. They are developers of decentralized financing and are currently engaged in new project solutions that secure digital asset custody and tokenize digital assets.

This venture is transforming the old Financial System into a new digital asset-based trading system.

Goldilocks' Comments and Global Economic News for July 19, 2023

RJ: Good evening Dinar Recaps,

Goldilocks posted comments and links on global economics:

On June 23rd, 2023, "BP Ventures Wins Stellar Community Fund Award for LightEcho Oracle." BP Ventures is a leading fintech and blockchain consulting firm.

This venture is transforming the old Financial System into a new digital asset-based trading system.

"The Financial Stability Board (FSB) has now finalized its recommendations to establish a global regulatory crypto framework."

The framework gives two recommendations:

"High-level recommendations for the regulation, supervision, and oversight of crypto-asset activities and markets."

"Revised high-level recommendations for the regulation, supervision, and oversight of “global stablecoin” arrangements."

These new guidelines are designed to govern and ensure a healthy integration into our financial system.

Stablecoins are at the heart of these new guidelines. They represent the new digital-asset payment system going forward, and a standardized protocol will enable the new digital-asset-based economy to thrive inside a generational wealth potential never seen before in history.

"U.S. bank regulators are readying the launch of proposed capital requirement changes on July 27 to bring the country's rules in line with the international Basel III accords, Bloomberg reported."

This will help level the playing field between large Banks and smaller Banks, especially in mortgage transactions.

And more importantly, July the 27th, 2023 will enable us to move forward to the implementation phase of Basel 3 requirements.

This marks a global shift in the way our new collateral-based (SOFR) banking system will now conduct business transactions.

© Goldilocks

https://www.morningstar.com/news/marketwatch/20230718123/fed-preparing-basel-iii-capital-requirement-guidelines-for-july-27-release-bloomberg

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It is now official. "Cboe to List and Trade Shares of the VanEck Bitcoin Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares" Just in the nick of time too as we approach the implementation of Basel 3 accords on July 27th.

© Goldilocks

https://www.federalregister.gov/documents/2023/07/19/2023-15271/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-filing-of-a-proposed-rule-change-as

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7 billion people on the planet and all will have a stellar account on the QFS.

Protocols 16 and 17 are in place to assist the Quantum Compliant Banks the ability to assist in helping set up your accounts and transfer your fiat to digital for you.

The fear of trying to do all of this yourself should not be of concern.
QC Banks will have the ability to assist here and educate.

The Quantum System is not being set up for just banking but for the military, elections and so much more.

Far larger than one can fathom, especially if one is to believe what gurus are pushing. Larger than the information providers are informing you of.

Most on these boards only have a very small piece of a much larger subject.

Come with an open mind and leave your preconceived notions outside of this chat and write down the things that don't make sense. As we move along in discussions, these things will have new understandings as we talk about what is coming and processes.

The systems of old have to be dismantled so that there is never the option of going back to them. (Bridges being built and Bridges being dismantled at the same time)

They are taking steps to remove influencers/criminal behavior in all of this. Punishable for certain, not the old system or ways. Finally, this is some of the best news for all involved.

The future is brighter for everyone. Not just a certain few.

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It has come to my attention that several people still want to know who I am. Some are saying that I am the Goldilocks who spoke to dinar land over 10 years ago, this is just a rumor that is not true. There are no connections between us.

For the last two-plus years of being on this journey with you, it has been my intention to give you information that is backed up with facts in an article that proves what I am talking about is true. This way, you will know it is not about me. It is about truth, and truth, will set us free.

There are times when I have to wait on information to go public before I can write about some of the information I do receive ahead of time. If it is a pressing piece of information you need to know, I will share it ahead of the articles coming out.

We have been building an economic system from the ground up these last two years, and it is important to understand it as much as you can from those who are trying to do the same.

Over time, many of you have realized that what is important are the truth principles that I share with you, of which, no one can deny. I will not call an RV until there actually is one, and I will know sooner than most because of the level of contacts I have on the level we need to hear information leaked to us.

This is a global event and technology is leading the way. I would encourage you to find leaders who can tell you about Protocol 20 and its activation of the new digital and physical economy going forward such as your paper currencies.

Banking protocols of the future will be done through artificial intelligence and smart contracts. The activation of Global Quantum Technologies around the world are what we are looking for going forward.

You have to be on the right baseball field in order to play the game, and there are rules and regulations that guide every sport you decide to play.

The new digital asset-backed economy is not the same baseball field we used to play in and knowing the difference can make all the difference in how your game turns out.

~~~~~~~~~~

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Goldilocks' Comments and Global Economic News for July 18, 2023

Goldilocks' Comments and Global Economic News for July 18, 2023

RJ: Good morning Dinar Recaps,

Goldilocks posted comments and links on today's global financial news:

Options traders are betting that interest rates are positioned to drop.

Several traders are buying longer-term bonds because they are being presented an opportunity to lock in current yields in case rates fall.

iShares are the leading force in global exchange-traded funds (ETFs).

In other words, the markets are about to transition and go to real values.

Goldilocks' Comments and Global Economic News for July 18, 2023

RJ: Good morning Dinar Recaps,

Goldilocks posted comments and links on today's global financial news:

iShares are the leading force in global exchange-traded funds (ETFs).

In other words, the markets are about to transition and go to real values.

"US inflation data released last week bolstered investors’ hopes that the Federal Reserve was close to the end of its interest rate hike cycle."

The dollar formed a major peak in September 2022, and it has been falling against major currencies since that time.

It has given countries like India an opportunity. They are considering expanding their Foreign Portfolio Investments with the US.

This is giving India (BRICS) a well-positioned opening to set up their UPI or Unified Payment Interface mechanism with the US and the Middle Eastern Countries.

A move that allows investment trading/payment systems between the US, India, and Middle Eastern Countries to form new price action patterns going forward.

New currency valuations (exchange rates) will form out of these supply and demand setups.

Watch the water.

LiveMint LINK 1

LiveMint LINK 2

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Digital Foreign Trade Surges as Online Exports and Overseas Markets Grow, Says Ali International Station Report

"In a recent semi-annual report on digital foreign trade, Ali International Station revealed that digitization has become the prevailing trend in various export industries and foreign trade markets. The report showcased remarkable growth in online exports and increased online traffic in the first half of the year."

We are getting reports that the digitization of trade around the world is really picking up speed.

This will increase the velocity of money going forward and provide needed organic liquidity at the push of the button to move items around the world more efficiently.

The speed of which merchants can build their companies has just increased. The potential to move forward with projects without interruptions is now in the cards.

Money velocity increases demand and demand increases values.

We truly have a Global Currency Reset in the making.

Watch the water.

~~~~~~~~~~

Crypto To Get A Transformation Via Global Rules: G20

The Financial Stability Board [FSB] of G20 has now asserted that implementing these regulations will push cryptocurrency firms to navigate cautiously."

The new digital economy is about to get a transformation at the next G20 meeting.

New Global monetary policies are about to be given the green light inside the QFS.

This meeting takes place September 9-10, 2023.

© Goldilocks

https://watcher.guru/news/crypto-to-get-a-transformation-via-global-rules-g20

https://sdg.iisd.org/events/g20-leaders-summit-2023/#:~:text=The%2018th%20Heads%20of%20State,One%20Family%2C%20One%20Future'.

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FedNow’s “Certified Adopters” List Lacks Blockchain Networks
https://www.thecoinrepublic.com/2023/07/16/fednows-certified-adopters-list-lacks-blockchain-networks/

☝️ uh-oh. This is not a good start for FEDNOW. Will it even get off the ground? We are about to find out.

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As you can see from today's articles, Forex Reforms are taking place around the world as we speak.

It is the blending of Quantum Technologies through payment systems bringing us into a new digital economy.

Protocol 20 is about activating these Quantum Technologies around the world. The upgrade for this event is coming.

~~~~~~~~~~

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https://www.investopedia.com/trading/factors-influence-exchange-rates/

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Goldilocks' Comments and Global Economic News for July 17, 2023

Goldilocks' Comments and Global Economic News for July 17, 2023

RJ: Good morning Dinar Recaps,

Goldilocks posted comments and links on today's global financial news:

"India and the United Arab Emirates (UAE) signed agreements on trade settlement in national currencies and setting up a real-time link for cross-border transactions as Prime Minister Narendra Modi visited Abu Dhabi on Saturday to bolster cooperation in areas such as trade, energy and climate action."

The exchange rates between these two countries will no longer be determined by the use of the dollar determining the values placed between them.

The following will determine their exchange rates going forward:

Goldilocks' Comments and Global Economic News for July 17, 2023

RJ: Good morning Dinar Recaps,

Goldilocks posted comments and links on today's global financial news:

The exchange rates between these two countries will no longer be determined by the use of the dollar determining the values placed between them.

The following will determine their exchange rates going forward:

*Differentials in Inflation
*Differentials in Interest Rates
* Current Account Deficits
* Public Debt
* Terms of Trade
* Strong Economic Performance

Are you beginning to understand the role gold will play in the above economic factors that determine an exchange rate? This is why Central Banks are accumulating so much gold.

Gold expands the net worth of a country's economic status. When we have a repricing event in gold, this will minimize many of the exchange pressures listed above allowing the value of a country's wealth to be revalued on every level.

Let's take a closer look at just one of them that seems to be important to many people. Public Debt. Yes, it is one of the factors that determine a country's exchange rate.

Now, are you beginning to see why a jubilee is more than possible? In some countries, it is already happening.

HindustanTimes LINK

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Yesterday, the Central Bank of Iraq gave us two articles dealing with external transfers made on electronic trading platforms.

The Trade Bank of Iraq is involved with this as well as the Iraqi Stock Exchange.

Iraq is currently listing their stock market on an international platform that will include various forms of external transfer possibilities. Many of these external transfers you and I are using already.

Now, can you imagine being able to buy and sell Iraqi stock on an app as a retail investor?

Iraq has been given a month from 7/13/2023 to inform the CBI of their procedures.

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Here is an article from last year to give us an idea where our economy is going.

History has proven that a strong dollar hinders the growth of the crypto space.

A weak dollar gives cryptocurrencies space to grow.

Recently, Frank 26 showed us a video of XRP being pegged to the IQD. This is another indicator that Iraq is currently interfacing the IQD to the QFS.

When two currencies are pegged together, they expand market possibilities showing trust in the exchange.

As we have gone over many times in this room, an increase in demand for a currency increases its value.

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CFTC Announces Two New Task Forces

"The first, the Cybersecurity and Emerging Technologies Task Force, will focus on cybersecurity and issues associated with emerging technologies including enforcing adequate cybersecurity controls and safeguards, prosecuting technology-related market manipulation and theft of non-public information, exploring the role of technologies like AI and machine learning in regulatory violations, and ensuring proper supervision of emerging technologies use.

The second, the Environmental Fraud Task Force, will tackle fraud and misconduct in regulated derivatives markets and relevant spot markets, including voluntary carbon credit markets and will focus on scrutinizing the claimed environmental benefits of carbon credits and the accuracy of statements regarding ESG products or strategies."

https://www.jdsupra.com/legalnews/cftc-announces-two-new-task-forces-9387985/

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Goldilocks' Comments and Global Economic News for July 16, 2023

Goldilocks' Comments and Global Economic News for July 16, 2023

RJ: Good afternoon Dinar Recaps,

Goldilocks posted comments and News links this morning:

"Senator Lummis urges clear crypto regulations after XRP ruling"

Back to work this week on those crypto regulations. We are still looking for regulations that will set a precedence for monetary policies going forward.

Now that Ripple has been declared NOT a security, this changes the landscape on crypto regulations going forward. This is why crypto regulations have been reintroduced in Congress.

Ripple being seen as a commodity and a banking coin at the same time will give us a commodity-based system regulated and run by artificial intelligence through smart contracts.

Goldilocks' Comments and Global Economic News for July 16, 2023

RJ: Good afternoon Dinar Recaps,

Goldilocks posted comments and News links this morning:

"Senator Lummis urges clear crypto regulations after XRP ruling"

Back to work this week on those crypto regulations. We are still looking for regulations that will set a precedence for monetary policies going forward.

Now that Ripple has been declared NOT a security, this changes the landscape on crypto regulations going forward. This is why crypto regulations have been reintroduced in Congress.

Ripple being seen as a commodity and a banking coin at the same time will give us a commodity-based system regulated and run by artificial intelligence through smart contracts.

Put all of this together and you have a gold standard inside a new digital economy that is about to be approved in Congress.

CoinTelegraph LINK

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Weekly Recap

1) 🇺🇸 US judge rules Ripple XRP is not a security.

2) 🇺🇸 US inflation falls to 3%, lower than expectations.

3) 🇪🇺 Europe to launch first spot Bitcoin ETF this month.

4) 🇺🇸 Former SEC Chairman says Spot Bitcoin ETFs should be approved.

5) Coinbase relists Ripple XRP.

6) $9 trillion asset manager BlackRock CEO says crypto will transcend international currencies due to global demand.

7) 🇺🇸 SEC acknowledges BlackRock's Spot Bitcoin ETF application.

8) 🇺🇸 SEC acknowledges Fidelity, VanEck, WidsomTree, and Invesco Spot Bitcoin ETF applications.

9) 🇺�� Bank of America ordered to pay $250 million for charging illegal fees and opening credit-card accounts without customer consent.

10) 🇦🇺 Australian Securities Exchange receives its first spot Bitcoin ETF application.

@WatcherGuru

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The US dollar as a World Reserve Status currency is not expected to be a swift transition.

The dollar is expected to have rapid downturns with small upturns before it makes its next moves down until it finds its real value. This is just what happens when you enter into a bear market.

Central banks are reducing the percentages they hold of the US dollar around the world and including other foreign currency reserves to slowly replace the dollar's dominance.

The other major currencies sharing a percentage of holdings in Central Banks around the world include: the euro, the yen, the pound, and the renminbi.

"The other currencies in the pile at the bottom: Canadian dollar (2.43%, up a hair), Australian dollar (1.98%, up a hair), and Swiss franc (0.25%, up a hair). The other currencies, each with a share even smaller than the Swiss franc’s share, have a combined share of 3.65%."

Wolfstreet LINK

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"DeFi applications are built on open and permissionless. This means anyone can deploy a transparent code and users can interact with each other through computer code without the need for intermediaries such as banks, brokers and lawyers, etc."

Currently, people are using applications on their phones or computer to trade in the markets through coinbase, lobstr, uphold, and more. In other words, we are moving from a centralized trading system to a decentralized trading system.

This will allow more people to get involved with the new digital economy without going through the expense of having a brokered account.

FutureLearn LINK

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From RJ -- In case you are not familiar with the term DeFi, like me, here is a little info on it from the above article.

Decentralized Finance, or DeFi for short, represents a system of financial products built on top of decentralized and open-source blockchains.

~~~~~~~~~~

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© Goldilocks

https://dailyhodl.com/2023/07/14/central-banks-warn-trillion-dollar-debt-hammering-us-dollar-reveal-plans-to-increase-chinese-yuan-holdings/

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Goldilocks' Comments and Global Economic News for July 15, 2023

Goldilocks' Comments and Global Economic News for July 15, 2023

RJ: Good morning Dinar Recaps,

Remittances due to US Treasury continue to hit bottom

As of July 13, earnings remittances due to the US Treasury hit another record low of -$77 billion.

Simply put, this indicator shows how much the Federal Reserve owes to the US Treasury.

When the Treasury is not receiving funds from the Fed they are forced to borrow money, this leads to higher interest rates, which in turn leads to higher borrowing costs in the private sector.

The result is less capital investment, subsequently reducing economic growth – something many banks are already anticipating as seen in their earnings reports.

Goldilocks' Comments and Global Economic News for July 15, 2023

RJ: Good morning Dinar Recaps,

Remittances due to US Treasury continue to hit bottom

As of July 13, earnings remittances due to the US Treasury hit another record low of -$77 billion.

Simply put, this indicator shows how much the Federal Reserve owes to the US Treasury.

When the Treasury is not receiving funds from the Fed they are forced to borrow money, this leads to higher interest rates, which in turn leads to higher borrowing costs in the private sector.

The result is less capital investment, subsequently reducing economic growth – something many banks are already anticipating as seen in their earnings reports.

Central Banks around the world no longer trust the dollar with its increasing debt issues as a World Reserve Asset.

This is forcing Central Banks to increase their holdings of a currency backed by gold such as the Chinese Yuan. Not to mention, Central Banks continue to increase gold holdings.

It is compounded by the threat of the US freezing assets in countries around the world.

China is on the cutting edge of digital asset-based trading, and they are piloting new projects everyday.

The world is in transition and the East is rising to challenge World Orders in the new technological age.

~~~~~~~~~~

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https://www.whitehouse.gov/briefing-room/presidential-actions/2023/07/13/ordering-the-selected-reserve-and-certain-members-of-the-individual-ready-reserve-of-the-armed-forces-to-active-duty/

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Goldilocks Update "Time Will Tell" Friday 7-14-2023

Goldilocks and Seeds of Wisdom

RJ: Good morning Dinar Recaps,

Goldilocks posted comments and global economic and financial news links this morning:

From yesterday's news:

JUST IN: Ripple $XRP trading now live on Coinbase.

@WatcherGuru

Goldilocks and Seeds of Wisdom

RJ: Good morning Dinar Recaps,

Goldilocks posted comments and global economic and financial news links this morning:

From yesterday's news:

JUST IN: Ripple $XRP trading now live on Coinbase.

@WatcherGuru

Yesterday's ruling on the Ripple case allows for crypto regulation and clarity to move ahead.

Ripple is a digital asset whose use case scenarios touch so many levels of the banking payment system. Crypto clarity and regulation could not move forward without it.

This court decision on Ripple now updates the Lummis-Gillibrand bill, and it is giving new momentum for crypto legislation to become possible.

~~~~~~~~~~

Asset tokenization allows for fractional ownership and makes traditionally illiquid assets more accessible to smaller investors.

By making the trading of digital tokens efficient and transparent, it also increases liquidity.

Asset tokenization uses blockchain technology to streamline procedures, eliminate middlemen, and cut transaction expenses.

Asset tokenization can democratize investing opportunities by enabling people worldwide to hold assets.

https://www.ccn.com/education/asset-tokenization-opening-illiquid-assets-to-investors/

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We were told earlier this month by Jerome Powell that our new monetary policies would be done by the 15th.

It just may be that our crypto clarification could serve the purpose of new monetary policies for our digital economy.

For this reason, I am looking for our crypto clarity protocols to come by tomorrow or over the weekend.

Time will tell.

~~~~~~~~~~

"The September Summit in New Delhi, the G20, which is made up of industrialized and major emerging economies will be presided over by Prime Minister Narendra Modi."

The purpose of the G20 group is to work on Global Financial issues such as:

* International Financial Stability

* Climate change mitigation

* Sustainable Development

The G20 group governs our Global Economies and forms global policies to create infrastructures in countries enabling sustainable growth.

This G20 Summit meeting is set to happen this September. The main focus of the meeting will be to discuss the movement forward of the new Global Digital Economy.

© Goldilocks

https://www.thestatesman.com/world/delhi-g20-summit-an-opportunity-to-start-reform-of-global-financial-system-guterres-1503199880.html

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A message from Salty Toes posted by Goldilocks:

Those calling the RV almost daily have no understanding of what is truly going on behind the scenes.

The technical aspects of it all eludes the gurus that tell you simple ideas about the budget, Iraq news, and banker stories. It is so much larger.

Think...
How do you get paid?
What is the process?
What needs to be stood up?
What yet needs to be completed?

~~~~~~~~~~

The White House

Ordering the Selected Reserve and Certain Members of the Individual Ready Reserve of the Armed Forces to Active Duty

~~~~~~~~~~

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Goldilocks' Comments and Global Economic News for July 13, 2023

Goldilocks' Comments and Global Economic News for July 13, 2023

RJ: Good morning Dinar Recaps,

Goldilocks posted global financial news links and comments:

SEC is proposing a new rule. They are creating amendments to the Broker-Dealer Customer Protection Rule for customers who have over 250 million in their accounts.

Expanding Capital requirements is now becoming a must-do protocol. The SEC went on to say that they are expecting customers to have such deposits in the future and need protections for them in case a broker-dealer relationship fails.

Net cash owed to customers and PAB account holders must be held in a special reserve bank account.

Given the speed, scale, and volume of today’s market activity, I believe customers would benefit if broker-dealers carrying large credit balances made daily reserve account calculations and deposits."

Goldilocks' Comments and Global Economic News for July 13, 2023

RJ: Good morning Dinar Recaps,

Goldilocks posted global financial news links and comments:

SEC is proposing a new rule. They are creating amendments to the Broker-Dealer Customer Protection Rule for customers who have over 250 million in their accounts.

Net cash owed to customers and PAB account holders must be held in a special reserve bank account.

"The proposing release will be published in the Federal Register. The public comment period will remain open for 60 days following publication of the proposing release on the SEC website or 30 days following publication of the proposing release in the Federal Register, whichever period is longer."

~~~~~~~~~~

"The Securities Industry and Financial Markets Association (SIFMA) is a not-for-profit trade association that represents securities brokerage firms, investment banking institutions, and other investment firms. SIFMA represents firms of all sizes in all financial markets in the U.S. and around the globe."

SIFMA has issued a statement in the form of an announcement:

They are preparing to move our Global Economy into the Basel 3 Endgame.

As Basel 4 activation comes into play in the following months, they are here to guide and support our transition into the next economy.

© Goldilocks

https://mondovisione.com/media-and-resources/news/sifma-statement-on-us-implementation-of-the-basel-iii-endgame/

~~~~~~~~~~

"The Securities Industry and Financial Markets Association (SIFMA) is a not-for-profit trade association that represents securities brokerage firms, investment banking institutions, and other investment firms. SIFMA represents firms of all sizes in all financial markets in the U.S. and around the globe."

SIFMA has issued a statement in the form of an announcement:

They are preparing to move our Global Economy into the Basel 3 Endgame.

As Basel 4 activation comes into play in the following months, they are here to guide and support our transition into the next economy.

© Goldilocks

https://mondovisione.com/media-and-resources/news/sifma-statement-on-us-implementation-of-the-basel-iii-endgame/

~~~~~~~~~~

As we have discussed before, July and going forward would be a time of Bridging Technologies together around the world creating seamless and secure transactions at the push of a button.

Our new digital asset-based trading system is taking us to places we have never gone before. These connections for a new banking system will give even the smaller companies access to what larger companies have to offer.

Digital networks are creating pathways into this new monetary system and taking place as we speak.

© Goldilocks

https://www.crypto-news-flash.com/seamless-asset-transfer-across-ethereum-solana-polygon-and-stellar-allbridge-launches-cross-chain-bridge/

https://menafn.com/1106581658/New-Ethereum-Improvement-Proposal-Seeks-To-Prevent-Hacks

~~~~~~~~~~

JUST IN: 🇪🇺 Europe to launch first spot Bitcoin ETF this month.

@WatcherGuru

~~~~~~~~~~

The Shanghai Futures Exchange aims to extend its commodities warehousing network beyond China's borders.

It looks like China is looking to challenge London's standing as the GLOBAL hub for metals pricing.

The pieces are falling into place in front of everyone.

Read: https://twitter.com/GoldTelegraph_/status/1679495694107672576

~~~~~~~~~~

Commissioner Pham Announces New Members and Leadership of the CFTC’s Global Markets Advisory Committee and Subcommittees

128 Members in Total Constitute the Largest-Ever Single Advisory Committee Initiative Sponsored by the CFTC

Including Adam Minehardt, Stellar Development Foundation 🎉🎉🎉

And a whole bunch of orgs we have ICO in Stellar 🤭

Again, no one from Ripple team to be found 🤔

https://www.cftc.gov/PressRoom/PressReleases/8740-23

Next meeting 07/17/2023

At this meeting, the GMAC will focus on topics related to ✔️U.S. Treasury market reforms, ✔️swap block thresholds, and ✔️tokenization of assets.

The GMAC will also address procedural matters, including topics of discussion on a forward-looking basis. A formal agenda will be announced before the meeting. The meeting agenda may change to accommodate other GMAC priorities.

Forwarded from ✨Quantum Stellar Initiative telegram room

~~~~~~~~~~

☝️ We just talked about these three items above being implemented today inside our article reflections.

~~~~~~~~~~

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https://search4dinar.wordpress.com/2023/07/12/turkish-delegation-visits-iraq-to-resume-kurdistan-oil-exports/

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Goldilocks' Comments and Global Economic News for July 12, 2023

Goldilocks' Comments and Global Economic News for July 12, 2023

RJ: Good evening Dinar Recaps,

Goldilocks posted news on our new emerging global financial system:

The Gulf Corporation Council (GCC) is forming alliances in the East for trade and political aspirations.

Several bilateral trades are being signed and trade relations are in local currencies.

More demand for local currencies equals rising values for currencies taking place in the East.

Goldilocks' Comments and Global Economic News for July 12, 2023

RJ: Good evening Dinar Recaps,

Goldilocks posted news on our new emerging global financial system:

The Gulf Corporation Council (GCC) is forming alliances in the East for trade and political aspirations.

Several bilateral trades are being signed and trade relations are in local currencies.

More demand for local currencies equals rising values for currencies taking place in the East.

https://mid.ru/en/foreign_policy/news/1896126/

Are you ready for a standardized digital asset-based economy? Finally, we are about to get those Stablecoins clarified and moved through Congress.

Once these are finished and monetary policies that come with them by Saturday, we will be inside a Gold Standard.

The Lummis-Gillibrand Responsible Financial Innovation Act is finally being introduced in Congress for a vote today.

"The revamped Lummis-Gillibrand Responsible Financial Innovation Act proposes to classify most cryptocurrencies as commodities."

The SEC and CFTC will work together going forward with delineated responsibilities that will define their roles in the new economy.

~~~~~~~~~~

Do you see the significance of this week's events yet?

I guess changing the mechanisms on our economy from Libor to SOFR was a big deal after all.

~~~~~~~~~~

Turkish delegation visits Iraq to resume Kurdistan oil exports

~~~~~~~~~

Protocol 20 is about the mass adoption of the Stellar Network. In our new digital economy, transaction submissions that are scalable and secure are important.

A Scalable Operating System or Network is able to maintain and increase its level of performance even as it is tested by larger and larger operational demands.

Today, there is a single transaction being made to test the system.

The Stellar Network CEO Denelle Dixon has been working with the CFTC in bringing about our new digital economy for some time now.

On August 22, Core version 20.0.0 will be released. It will increase the scalability of digital assets from around the world and does not allow any user to disable it.

In the Fall of 2023, a Protocol 20 vote will take place to move forward.

© Goldilocks

https://www.crypto-news-flash.com/stellar-network-proposes-change-to-transaction-submission-enhancing-scalability-and-safety-for-future-growth/

~~~~~~~~~~

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