Goldilocks' Comments and Global Economic News for September 7th

Goldilocks' Comments and Global Economic News for September 7th

Good morning Dinar Recaps,

🍎 China sends Apple falling

Apple Inc. shares fell the most in a month following a report that Chinese government agencies have banned employees from using iPhones at work.

Employees at “some” central government regulators received instructions via chat groups and in meetings to stop bringing such gadgets into the office, said the Wall Street Journal, citing people familiar with the matter. It’s not clear how widely the orders were issued, the newspaper added.

The stock fell 4% to $182.13 in New York on Wednesday, its biggest intraday drop since Aug. 4.

And the reason is that the company enjoys widespread popularity in China. The country is the largest international market for Apple, despite its growing discontent with everything American due to the technological rivalry between the two.

Apple's iPhones are among the best-selling devices in China and are widely used in both the public and private sectors.

Sometimes the best thing to do with an apple is to eat it

https://twitter.com/MultiPolarMarkt

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THE WORLD FEDERATION OF EXCHANGES
Annual Meeting
19-21 September 2023 | Bermuda

Dear Members of the WFE Community,

The World Federation of Exchanges, hosted by the Bermuda Stock Exchange, is pleased to announce that registration is open for the WFE’s Annual Meeting, 19-21 September 2023.

To register for the conference meeting please click here

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The World Federation of Exchanges has completed its research paper on the operations of our digital economy and intends to present it at the WFE annual meeting on the 19th thru the 21st of September in 2023.

For the last decade, crypto markets have operated without standard protocols. This research paper takes into account how new Quantum Technologies are merging together and adapting to the new environment ahead.

Research, pilot programs, and implementation are the three phases of development utilized by governing bodies. This meeting will focus on Crypto Market Development and moving forward with the new policies presented by the financial stability board during the G20 meeting.

It is an attempt to put into perspective, test, and move forward with the organizing data available to us at this time.

© Goldilocks

World Exchanges Link

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SEC Shakes Up Payments for Trade-Tracking System

One News Page Link

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What is a Bill of Lading?

https://youtu.be/bhWcQDio2MY?feature=shared

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A universal electronic bill of lading is being proposed. It started 3 years ago. And now, it is becoming a universal expected protocol.

A bill of lading is a contract between the shipper and the carrier ensuring the contents of the package is secure and accurate.

The digitization of our shipping ports and trading sectors on land are currently becoming digitized, and now, standardized.

These new protocols will create seamless transactions across many retail sectors allowing up-to-date tracking capabilities to help inform production managers. This will help them to adequately supply workers at needed rush times to fulfill these transactions seamlessly.

Speed and efficiency are the hallmarks of the new digital economy that will save time and money.

© Goldilocks

https://indiashippingnews.com/msc-welcomes-the-ebl-declaration-by-the-future-international-trade-fit-alliance/

CDP Calls for G20 Mandatory Nature Disclosures
https://www.regulationasia.com/cdp-calls-for-g20-mandatory-nature-disclosures/

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Market Announcement:

The SSE (Shanghai Stock Exchange) has signed an agreement with Saudi Tadawul Group, which owns the Saudi Exchange, to collaborate on cross-listings, fintech, ESG, data exchange, and research.

“The collaboration will help to promote diversity and inclusion in both markets,” the SSE said in a statement. “The two exchanges will also work to promote corporate listings, ETF dual listings, and knowledge sharing in investor relations.”

https://www.regulationasia.com/shanghai-saudi-exchanges-to-cooperate-on-cross-listings/

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China added to its gold reserves for a 10th straight month in August.

From paper to hard asset reserves.

Read: https://x.com/goldtelegraph_/status/1699780295892095396?s=46

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ASEAN nations see improved rules yielding $2 trillion digital economy by 2030 | ZDNET
https://www.zdnet.com/article/asean-nations-see-new-rules-yielding-2-trillion-digital-economy-by-2030/

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Reforms in GCC Countries Showing Big Impact - Modern Diplomacy
https://moderndiplomacy.eu/2023/09/06/reforms-in-gcc-countries-showing-big-impact/

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A Reserve Bank of India (RBI) “source” told multiple Indian news outlets that the wholesale digital rupee trials have expanded to include call money markets. India is unusual because it launched both wholesale central bank digital currency (wholesale CBDC) and retail CBDC pilots almost simultaneously.

https://www.ledgerinsights.com/digital-rupee-money-markets-to-use-wholesale-cbdc-retail-cbdc-integrates-upi/

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Treasury and IRS Issue New Proposed Regulations on Digital Assets

https://www.natlawreview.com/article/treasury-and-irs-issue-new-proposed-regulations-digital-assets

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Accelerating inflation without economic growth is a bad combination, yet it is the environment we find ourselves at the present time.

Markets do run behind current data. It is a race against time to correlate new market structures inside a new digital economy before the markets catch up to the change.

The challenge before us is to bridge these two economies before the inevitable takes place.

Gold and other Commodities will serve as an underlying support structure that will enable us to move forward.

Gold will set us free.

© Goldilocks

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It is clearly evident that the powers that be are ready to move us forward into the new digital asset-based trading system.

The "SEC Approves Funding Amendment to National Market System Plan Governing the Consolidated Audit Trail" commonly known as the CAT.

The Consolidated Audit Trail (the CAT) enables regulators to track all orders and trading activity throughout the U.S. markets.

The transition begins...

© Goldilocks

https://www.sec.gov/news/press-release/2023-169

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SEC set to impose new fees on brokers to pay for audit-trail system
https://www.investmentnews.com/sec-set-to-impose-new-fees-on-brokers-to-pay-for-audit-trail-system-241808

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BRICS Are Set to Present Themselves as a New Global Economy | News | teleSUR English
https://www.telesurenglish.net/news/BRICS-Are-Set-to-Present-Themselves-as-a-New-Global-Economy-20230904-0009.html

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Goldilocks' Comments and Global Economic News for Wednesday evening, September 6th

Goldilocks' Comments and Global Economic News for Wednesday evening, September 6th

Good evening Dinar Recaps,

ALERT! Silver's Final Slam Before CHAOS! (Bix Weir)

There's so much CHAOS coming our way this month it will be difficult to understand the VALUE of anything! 

If the banks shut down...what is your house worth? 

If the Stock Exchanges shut down...what are your stocks worth? 

If the Global Financial System shuts down...what is ANYTHING worth?! 

Very difficult time lies directly ahead! 

https://youtu.be/6FjroInBPwA

💥 MAJOR XLM ANNOUNCEMENT IN 6 DAYS 💥 HUGE STELLAR NEWS 💥 FLIP THE SWITCH EVENT

https://youtu.be/pM3M73Kfnyw?feature=shared

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XRP-based International Money Transfer Service Using Ripple’s Payments Solution to be Gradually Expanded in the Philippines, Vietnam, and Indonesia

https://www.remit.co.jp/en/kaigaisoukin/information/release20230906/

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Baghdad  – The Iraqi Ministry of Finance confirmed on Tuesday that Iraq maintained its credit rating at B-/B with a stable outlook.

https://www.iraqinews.com/iraq/iraq-maintains-its-credit-rating-at-b-b/

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SEC should ‘expeditiously’ approve GBTC conversion, says Grayscale - Blockworks
https://blockworks.co/news/grayscale-letter-to-sec-gbtc-conversion

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The crypto ETFs that could launch before a US spot bitcoin fund - Blockworks
https://blockworks.co/news/crypto-fund-trading-spot-etf

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G20 Summit, New Delhi: Before the curtain rises - Opinions & Blogs News
https://www.wionews.com/opinions-blogs/g20-summit-new-delhi-before-the-curtain-rises-632973

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The Fed Is Ready For It To NOW Begin...

https://www.youtube.com/live/4_biprM_jM0?feature=shared

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Stellar Bank Woodlands Location | Stellar Bank Locations

https://www.stellar.bank/About/Locations/The-Woodlands/

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Goldilocks' Comments and Global Economic News for September 6th

Goldilocks' Comments and Global Economic News for September 6th

 Good morning Dinar Recaps

Japan's chief currency diplomat says that the Japanese authorities will consider all options concerning currencies if speculative activities continue.

In other news,

Hold on tight.

Read: https://x.com/goldtelegraph_/status/1699205151305728472?s=46

Gasoline Prices Rise Year-over-Year for First Time since Feb 2022: CPI Inflation to Feel the Heat this Year | Wolf Street

Wolf Street Link

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"JP Morgan Payments has partnered with Network International, an e-commerce enabler operating across the Middle East and Africa, to strengthen its acquiring offering."

JP Morgan Payments has expanded into over 160 countries and over 120 currencies.

JP Morgan has become one of the leading payment options globally. By volume, JP Morgan is becoming a go-to financial institution in the Middle East.

All the work JP Morgan has done with Iraq in bringing about their digital economy is about to pay off.

Iraq is surrounded by nearby opportunities that will increase the value of their currency through demand.

© Goldilocks

FinTech Futures Link

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It’s been a miserable few weeks for the US Securities and Exchange Commission, after multiple court rulings sided with the crypto industry, humbling the regulatory body and forcing it to scramble for its next move.

But there is one simple way for the heavily scrutinized agency to save face.

In what could turn out to be an “everything is bon” moment following its scorched earth efforts, Michael Anderson expects the SEC’s messaging to shift to a “mission accomplished” theme. 

On the Bell Curve podcast Spotify/Apple, the Framework Ventures co-founder posits the SEC’s next potential shift in strategy. “The SEC is going to say, ‘We did it. We regulated it. It’s now safe.’”

Now that Wall Street folks appear to be joining in the criticism with brutal takedowns (https://www.wsj.com/articles/grayscale-investments-v-sec-gary-gensler-spot-bitcoin-etp-neomi-rao-d-c-circuit-8350f660) of the SEC’s moves as failed “power grabs,” the agency will likely try to turn recent events “into a positive,” Anderson says.

BlockWorks Link

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On January 1st, 2023, Basel 4 set out to implement Basel 3. The recent raising of banking capital requirements in gold, xrp, and foreign currency is currently being tested.

The banking system went back into the debt Market this week to test these new requirements. Look for adjustments to be made as we go through this process of transitioning the "ENTIRE" Global Market.

This is where economies are expected to go into real values. Look for caps to be released on gold and other commodities to support this transitional period with a reset on oil, gold, and silver at the end of this process.

We are in The End Game now.

© Goldilocks

https://www.jdsupra.com/legalnews/the-final-stretch-securitization-in-the-3130114/

https://kpmg.com/xx/en/home/insights/2021/10/basel-4-this-time-its-final.html

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Remember, the end game doesn't happen all in one day. We have just begun the transition to a global market.

I do expect to see possible floats along the way, but full values take time in the resetting of currency values based upon new demands.

© Goldilocks

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Remarks by IMF Managing Director Kristalina Georgieva at the plenary session of the 43rd ASEAN Summit, Jakarta, Indonesia
IMF Link

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September Flurry of Corporate Debt Sweeps Global Markets
https://finance.yahoo.com/news/september-flurry-fresh-corporate-debt-175006705.html

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China has banned government officials from using iPhones for work...

Apple has been the biggest American company for nearly a decade.

More than 95% of iPhones, AirPods, Macs, and iPads are made in China.

Things are about to get interesting.

Read: https://twitter.com/GoldTelegraph_/status/1699425007150006767

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Visa is looking to modernize cross-border transactions by utilizing stablecoin settlement capabilities on Solana. The company is collaborating with merchant acquirers Worldpay and Nuvei to improve the speed of international settlements.

Visa has previously tested millions of dollars in USDC movement between various partners over the Ethereum and Solana networks to settle fiat payments. This initiative offers Visa's clients an efficient, modern alternative to send and receive funds from Visa's treasury.

Business Wire Link

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The Reverse Repo is Draining Again

https://youtu.be/2ILCKQ4jGfo?feature=shared

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Goldilocks' Comments and Global Economic News for September 5th

Goldilocks' Comments and Global Economic News for September 5th

Good morning Dinar Recaps,

"The G20 has tasked the Financial Stability Board with coordinating the creation of an effective regulatory, supervisory, and oversight framework for crypto-assets."

Yesterday, we found out that this had to be done by September the 7th just 2 days before the G20 meeting.

The nations of the G20 make up about 80 percent of the global economic output and consist of around 60 percent of the world's population.

These digital asset regulations will serve as monetary policies for the new digital economy going forward.

© Goldilocks

https://www.businesstoday.in/crypto/story/fsbs-views-on-crypto-asset-regulation-circulated-prior-to-g20-summit-396763-2023-09-04

https://www.cfr.org/backgrounder/what-does-g20-do

WOW! Something Big Is Coming Silver Price - Mike Maloney

https://youtu.be/OtdhJd6mzXM?feature=shared

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"Deutsche Bank, Germany’s largest bank, is reportedly engaged in early stage talks with digital investment and broker platform Scalable Capital over a potential investment or partnership deal, according to German business media outlet Handelsblatt."

Remember, Deutsche Bank reaches into every Bank around the world.

Scalable Capital is a leading digital investment platform in Europe.

This fintech partnership will enable them to work towards helping Banks digitize their services and serve those within these Banks by helping them reach their financial goals.

© Goldilocks

https://www.fintechfutures.com/2023/09/deutsche-bank-reportedly-makes-contact-with-digital-investment-fintech-scalable-capital/

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"Swift transfers tokenized assets between blockchains"

Swift has conducted a series of experiments utilizing several Banks to scale tokenized assets across existing Financial structures.

It has been found to be a success in moving money across several different digital networks.

"In publishing the results, Swift recognized the potential to remove significant friction slowing the growth of tokenized asset markets and enable them to scale globally as they mature."

© Goldilocks

https://www.fintechfutures.com/2023/09/swift-can-facilitate-tokenised-asset-transfers-between-different-blockchains-new-experiments-confirm/

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UPDATE 4-US expects to upgrade Vietnam ties, risks China's anger
https://finance.yahoo.com/news/1-us-expects-upgrade-vietnam-023538628.html

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Foreign Exchange Decreases By $ 30 Million; Details Inside
https://news24online.com/business/foreign-exchange-decreases-by-30-million-details-indside/166842/

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The Reserve Bank of India (RBI), the country’s central bank, announced on Aug. 30 that India’s digital currency (CBDC); The digital rupee will have greater ease of use. This is due to Yes Bank’s integration with the Unified Payments Interface (UPI) in RBI’s digital rupees app. Now Ja bank account holders can transact with the digital rupee by scanning UPI QR codes.

UPI is a national payment gateway operated by National Payments Corporation of India (NPCI), a division of RBI. The NPCI provides the infrastructure for both the UPI and the digital rupee. According to local reports, UPI is used by 150 million merchants in India, according to local media reports.

https://nationworldnews.com/thanks-to-yes-banks-integration-with-upi-the-digital-rupee-is-getting-a-big-boost/

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The US Payment Landscape: The Path to Digital

As we enter this period of unprecedented disruption in the marketplace, the importance of expediting the journey from paper to digital transactions for payers and receivers is becoming increasingly clear; payments are faster, more streamlined and feature enhanced capabilities around validation, security, and risk mitigation.

https://www.finance-monthly.com/2020/07/the-us-payment-landscape-the-path-to-digital/

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While USDC provides crypto traders with a convenient dollar-pegged asset, it doesn’t come without risks.

Maintaining the 1:1 dollar peg relies heavily on stability mechanisms and collateral reserves. Lapses in either could lead to loss of confidence and mass redemptions.

Moving forward, enhancing transparency and communication with users will be key for USDC to demonstrate its stability and retain trust. Yet despite best efforts, black swan events mean no stablecoin is ever 100% immune to volatility.

https://btcpeers.com/usdc-stablecoin-risks-of-breaks-in-dollar-peg-and-collateralization/

“We are pleased to be the first US bank in Canada to offer both C2B Request for Pay and B2C payment flows through this digital solution,” said Leslie Konecny, head of Product for Global Transaction Services (GTS), Canada at Bank of America. “This is a milestone for Bank of America in Canada, as we continue to meet the evolving digital needs of our multinational clients, providing them with enhanced speed, flexibility, and transparency to manage their payment and receipt flows.”

As you can see from today's articles, countries are beginning to interface their digital payment systems inside Banking systems, Market sectors, and their customers. Tokenized assets are becoming more and more available to the general public.

As these new monetary policies come into play, the testing of new capital requirements for banks, and the integration of tokenized assets into the digital economy this month, it is expected that we will see disruptions of service that will affect each sector of the market in the implementation process.

Movement into real values going forward will test us all. Just know we are in this together.

© Goldilocks

https://ibsintelligence.com/ibsi-news/bank-of-america-launches-global-digital-disbursements-solution-in-canada/

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Oil reforms are still in process. We need to see these completed along with gold and silver repricing events.

This will allow us to move forward inside a new digitized economy based on assets that support our tokenized assets going forward.

© Goldilocks

Bozeman Daily Chronicle Link

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Saudi Arabia Digital Transaction Management Market Big Profits on the Horizon as Market Size Continues to Grow
https://www.alliancedailynewspaper.com/2023/09/01/saudi-arabia-digital-transaction-management-market-big-profits-on-the-horizon-as-market-size-continues-to-grow/

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U.S. factory orders plunge in July...a moment of reckoning is coming.
https://gregorymannarino.substack.com/p/us-factory-orders-plunge-in-julya?publication_id=35435&isFreemail=true

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The London Stock Exchange Group has announced plans to launch a new digital markets business that will enable faster, cheaper, and more secure transactions by leveraging blockchain technology. This new platform will not be enabling the trading of cryptocurrencies - rather it will likely be tokenizing assets like stocks and bonds to allow ownership to be transferred on blockchain rails. This is yet another example of a bigger-picture trend of real-world asset tokenization that has been playing out over the course of the year.

https://decrypt.co/154852/london-stock-exchange-group-plans-blockchain-powered-digital-markets-business

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A message from Goldilocks on Monday, September 4, 2023

A message from Goldilocks on Monday, September 4, 2023

Happy Labor Day Dinar Recaps,

From Goldilocks today:

This room will be closed for 24 hours in honor of Labor Day unless really good news comes in...

I hope you have a wonderful day with your family and your friends.

© Goldilocks

This is important and has to be shared. Crypto Clarity is coming along with monetary policies inside the new digital asset-based trading system.

The G20 meaning is expected to give the green light for countries to move forward with their digital asset-based trading protocols.  

© Goldilocks

123090300490-1693798385967-short.mp3

(109K)
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In brief

"On 25 August 2023, the United States Treasury Department issued a notice of proposed rulemaking regarding tax reporting by brokers of transactions involving the sale or exchange of digital assets (“Proposed Regulations“).1 

These long-awaited Proposed Regulations are in response to section 80603 of the Infrastructure Investment and Jobs Act of 2021, which expanded the scope of information reporting obligations for brokers under Code section 6045 to cover transfers of digital assets.2"

Here we go...

© Goldilocks

https://www.globalcompliancenews.com/2023/09/03/https-insightplus-bakermckenzie-com-bm-tax-united-states-crypto-regulations-proposed-by-treasury_08312023/

https://www.govinfo.gov/content/pkg/FR-2023-08-29/pdf/2023-17565.pdf

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Baker Mckenzie Report-- United States: Crypto Regulations Proposed by Treasury  

Crypto_Regs_Alert_for_Publication_16077

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Goldilocks' Comments and Global Economic News for Sunday evening, September 3, 2023

Good evening Dinar Recaps,

Goldilocks posted comments and news links on the global financial system

The markets and banking system have made their preparations for our transition into the new economy.

The new capital requirements for the banking system will be tested this month as the banking system returns to the Debt Market.

This is the place where bonds are bought and sold to build infrastructure rise and fall. It is an important month for the banking system to test these new capital requirements.

These new Basel 3 requirements will be adjusted if need be this month. This includes the commodity market's participation in growth due to higher requirements on gold as an asset for the banking system.

I would classify this month as an adjustment period to see if these new requirements hold or need more changes. It will tell us the economic ranges we are in enabling us to expand or contract.

© Goldilocks

Investopedia Link

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Will sharing a digital yuan QR code with Alipay, WeChat Pay drive adoption? - Ledger Insights - blockchain for enterprise
https://www.ledgerinsights.com/digital-yuan-qr-code/

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Multipolar Market on X

https://twitter.com/MultiPolarMarkt/status/1698311979323015507?t=RMCwv5NCm9HrnlJZYaFHyw&s=35

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How Have Mortgage Rates Hit Home Sales & Inventory? Where Will Inflation & Long-Term Rates Go? Have Credit Cards Propped up Consumers Spending? | Wolf Street
https://wolfstreet.com/2023/09/03/how-mortgage-rates-hit-home-sales-inventory-where-will-inflation-long-term-rates-go-did-credit-cards-prop-up-consumers-spending/

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Well, well, well #China and #SaudiArabia dump $114.5 Billion #USTreasury bonds. I keep asking the question, if the #USD #Petrodollar agreement is dropped and all other currencies are accepted for #oil. Who will make the bondholders whole?
Well, if these nations keep off losing their positions, it won't be a question at all, now will it?
dailyhodl.com/2023/09/02/114…

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Financial Assets Are Now Set To Seriously Deflate | King World News
https://kingworldnews.com/financial-assets-are-now-set-to-seriously-deflate/

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Treasury and IRS Issue Proposed Regulations for Tax Reporting Requirements on Digital Asset Transactions | Sullivan & Worcester - JDSupra
https://www.jdsupra.com/legalnews/treasury-and-irs-issue-proposed-1008175/

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Goldilocks' Comments and Global Economic News for Sunday, September 3, 2023

Goldilocks' Comments and Global Economic News for Sunday, September 3, 2023

Good morning Dinar Recaps,

For the last 2 weeks, there have been gains in the Futures Market for gold.

The Futures Market give us an indication of where price patterns are going for an asset. They give us direction on where the markets are going.

Remember, gold supports the economy during critical and transitional periods.

At the same time, we have Banks returning to the debt markets this week with higher Capital requirements to aid them during critical moments of stress.

It is here that the rubber meets the road, and we are going to find out if those higher Capital requirements will do their job.

© Goldilocks

https://www.bloomberg.com/news/articles/2023-09-02/regional-banks-ready-a-wave-of-bond-issuance-credit-weekly

https://www.kitco.com/commentaries/2023-09-01/The-second-week-of-gains-in-gold-futures-confirms-a-piercing-line.html

https://www.fidelity.com/learning-center/trading-investing/trading/using-futures-as-indicator

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The Treasury is COMING For Crypto!! End of DeFi in the US?!

https://youtu.be/S8xA_ABclrE?feature=shared

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Soroban, Stellar (XLM) Development Foundation’s smart contract platform, is getting close to its official mainnet launch after more than a year in public preview releases. The milestone may eventually prove considerable for Stellar (XLM) by increasing its utility and use cases.

Notably, Soroban offers Turing-complete smart contract functionality that powers Stellar’s (XLM) blockchain. The platform unlocks new utilities for Stellar (XLM) as gas for operating these smart contracts and supporting innovative DAO and DeFi projects. On that note, Soroban can considerably expand Stellar’s (XLM) ecosystem.

https://captainaltcoin.com/from-beta-to-boom-borroes-25-surge-leaves-monero-xmr-stellar-xlm-behind/

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India will play an important role in trade realignment globally: Former U.S. Assistant Commerce Secretary Arun Kumar

https://www.thehindu.com/opinion/interview/india-will-play-an-important-role-in-trade-realignment-globally-former-us-assistant-commerce-secretary/article67259169.ece

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The G20 meeting is just around the corner. On September the 9th through the 10th of 2023, a group of 20 countries have been selected to analyze data and recommend movement forward for the global economy.

The following are the items on their agenda:

agriculture
anti-corruption
culture
digital economy
disaster risk reduction
development
education
employment
environment and climate sustainability energy transitions
health
trade and investment
and tourism.

The digital economy is going to be one of the highlights of the meeting. New policies and recommendations are expected.

© Goldilocks

https://sdg.iisd.org/events/g20-leaders-summit-2023/#:~:text=The%20Working%20Groups%20will%20focus,trade%20and%20investment%2C%20and%20tourism.

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Singapore, Singapore--(Newsfile Corp. - September 1, 2023) - XDC Trade Network, a complete suite of dApps that aims to redefine the global trade finance Industry by digitalising trade documents and improving access to capital for SMEs has completed an important milestone as part of efforts to increase compliance in their solution.

https://finance.yahoo.com/news/xdc-trade-network-enhances-compliance-155400374.html

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Shipping Container Coatings Market: Protecting Cargo and Preserving Sustainability
https://xherald.com/market-news/shipping-container-coatings-market-protecting-cargo-and-preserving-sustainability/

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Goldilocks' Comments and Global Economic News for Saturday, September 2, 2023

Goldilocks' Comments and Global Economic News for Saturday, September 2, 2023

Good evening Dinar Recaps,

Goldilocks posted comments and news links on the global financial system

"First fully regulatory-compliant US Treasury token is launched."

Digital transformation is taking place as we speak. The decentralization of real world assets with transparency is becoming a reality.

This new coin is called "Dust." Dust is a decentralized multi-chain utility and governance token. In other words, it is capable of connecting to more than one digital asset.

This new asset allows people to buy into US Treasuries with a specific maturity date on December 31st, 2023.

What is the importance of US Treasury assets?

They provide support and direction for interest rates, affecting other bonds, mortgages, car loans, personal loans, student loans, savings rates, etc.

This gives us an indication that the approval of stablecoins and new crypto clarity regulations are just around the corner.

This will allow the market and banking system to interface with one another synchronizing their transactions in a matter of seconds.

The new digital asset-based trading system is here. And, these new digital standards and regulations will be backed by gold and other commodities.

Look for a repricing event in oil, gold, and silver to adjust this new digital economy with real values.

© Goldilocks

https://www.thebanker.com/First-fully-regulatory-compliant-US-treasury-token-launched-1693466085

https://coinmarketcap.com/currencies/dust-protocol/

Nerd Wallet Link

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Swift unlocks potential of tokenization with successful blockchain experiments | Swift

Swift, the global financial messaging service, announced on August 31, 2023, that it has successfully conducted a series of experiments to facilitate the transfer of tokenized assets across multiple blockchains.

Collaborating with major financial institutions and Chainlink  ($LINK), a Web3 services platform, Swift aims to solve the interoperability challenges that have been a barrier to the growth of tokenized asset markets.

https://blockchain.news/news/breaking-swift-chainlink-and-major-banks-achieve-multi-blockchain-token-transfer

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New law: Businesses plan use of electronic | Legal Alert | ICAEW
https://www.icaew.com/library/subject-gateways/law/legal-alert/2023-09/businesses-plan-use-of-electronic-trade-documents-under-new-law

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FSB invites feedback on the effects of G20 financial regulatory reforms on securitization  - Financial Stability Board
https://www.fsb.org/2023/08/fsb-invites-feedback-on-the-effects-of-g20-financial-regulatory-reforms-on-securitisation/

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The UAE and Vietnam are expected to sign a major trade deal this year, according to a top diplomat.

The two countries should conclude the Comprehensive Economic Partnership Agreement (CEPA) this year, which will add new vigour to the 30th anniversary celebrations of diplomatic relations, said Nguyen Manh Tuan, the Vietnamese Ambassador to the UAE.

https://www.arabianbusiness.com/politics-economics/uae-vietnam-trade-deal-expected-in-2023-diplomat

https://www.arabianbusiness.com/tags/cepa

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House prices around the globe are falling at their fastest rate since the global financial crisis, data published today (August 31) by the Bank for International Settlements shows.

Worldwide, real house prices declined 3.3% year on year in the first quarter of 2023. Prices last contracted by that much in 2009, when the global economy was still grappling with the financial crash.

Central Banking Link

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Proposed Regulations Would Impose New Reporting Requirements on Transactions Involving Cryptocurrency and Other Digital Assets

These reporting rules contain a number of exceptions and exclusions, including as follows:

Exceptions to broker reporting of securities and commodities sales under current law, such as sales effected on behalf of certain exempt recipients (e.g., certain corporations, financial institutions, tax-exempt organizations, or governments or political subdivisions thereof) would also apply to digital asset sales.

Persons providing only distributed ledger validation services, whether through proof-of-work (i.e., mining), proof-of-stake (i.e., staking), or any similar consensus mechanism, and persons selling hardware or licensing software that does not provide direct access to trading platforms but instead solely permits persons to control private keys used to access digital assets, would not be treated as brokers subject to these reporting requirements.

Transactions “in which a customer receives new digital assets without disposing of something else in exchange,” such as those in which a customer receives new digital assets in a hard fork or airdrop, would not be reportable under the proposed regulations.

https://www.jdsupra.com/legalnews/proposed-regulations-would-impose-new-8773061/

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SEC Losses in Court Signal Shift in Crypto Regulation That Benefits Bitcoin
https://btcpeers.com/sec-losses-in-court-signal-shift-in-crypto-regulation-that-benefits-bitcoin/

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BRICS TAKING OVER!? A New Global Reserve Currency!?

https://youtu.be/YJ16KCiHFZ4?feature=shared

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A currency war is about to begin, and it is not going to be pretty. Throughout history, this has been known as a time when currency values begin to create price pressures causing them to shift. At the end of this period of time, new agreements are signed regarding new currency values.

© Goldilocks

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Jim Willie Gold 10K - XRP $120

https://youtu.be/ueLUdz33N8U?feature=shared

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Goldilocks' Comments and Global Economic News for Friday, September 1, 2023

Good morning Dinar Recaps,

Goldilocks posted comments and news links on the global financial system

SEBA Hong Kong has received the AIP for its licence application to operate regulated activities in Hong Kong to deal in securities, including virtual assets-related products, such as OTC derivatives and structured products; advise on securities and virtual assets; and conduct asset management for discretionary accounts in both traditional securities and virtual assets.

This license, when issued, will pave the way for SEBA Hong Kong to be part of the first group of licensed corporations in Hong Kong to conduct investment services with crypto capabilities in the market, making the Switzerland-headquartered bank a significant frontrunner in Hong Kong’s burgeoning crypto economy.

https://www.seba.swiss/media-and-investors/seba-hong-kong-awarded-approval-in-principle/

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Delinquencies on car loans, credit cards and consumer loans have hit their highest levels in a decade.

https://www.washingtonpost.com/business/2023/08/30/delinquencies-credit-auto-loans/

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The purpose of money is in our use of it as a means of exchange to buy goods and services at values predetermined by the worth of it placed upon the agreed-upon transaction itself.

Today, we are living in a time where those values are being challenged and forced to change around the world.

Currencies in the East are now being utilized as a means of value and in process of being determined for their values based upon the rate of their exchange through demand and the supply they hold of it.

Creating new values are determined by the people who use this money and those who govern it. (Money velocity) Because of these changes taking place, there is no doubt that a global Currency Reset is needed.

The question for many people out there is not if, but when will this take place. The simple answer is we already in the process of it.

There will come a time when new values will begin to form on chart calculations inside the market as the use of money in different areas of the country begin to put price pressures on these changes being created.

Bilateral agreements are happening hand over fist at this point. Many of these trades are no longer in the World Reserve Currency. Local economies in the East are utilizing their own paper money to fulfill trades. So, we watch and we wait. Changes are happening and prices are changed by price correlations formed through money velocity and digital transformations.

Around 90% of traded goods are carried over the waves. Here is the place where exports and imports shift the prices on goods and services by the demands placed on them.

Our shipping ports are becoming more and more digitized over time. The movement of money is increasing demand in order for supply to reach their destination at faster rates because of these digital integrations.

Watch the water.

© Goldilocks

https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-9-functions-of-money

https://www.baltimorechronicle.com/maritime-digitization-market-report-overview-size-trends-growth-and-forecast-2029/

OECD Link

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US & Europe To Pay in Local Currencies For Oil After BRICS Expansion?

https://watcher.guru/news/us-europe-to-pay-local-currencies-for-oil-after-brics-expansion

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By the way, the changes we are now seeing in the monetary system came into play because of the new mechanism placed on the market. (SOFR) July1, 2023

© Goldilocks

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THE VISION FOR XLM STELLAR & CBDC'S ECOSYSTEM INSIGHT XLM RAILS BEING BUILT IN SILENCE

https://www.youtube.com/watch?v=gxaunouJLkQ

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People are beginning to pull their money off of digital exchanges right now in the crypto space.

Trillions of Shiba Inu tokens are just one of many cryptos leaving these exchangers.

Monetary policies on digital clarity are about to be unleashed from the Financial Stability Board at the G20 meeting.

Currently, this is causing the price of cryptocurrency to move into lower values. As clarity comes from the G20 meeting, look for new price action flows to enter into the market formulating authentic price patterns.

Just know, this is part of the transition into our new economy. On the other side of this transition, there will be new tokenized assets interfaced in the form of introductory coin/stock offerings placed into the system creating real values.

The process I am referring to does not happen all in one day, it will be phased in the rest of this year. Some assets will be mobilized quicker than others. Just stay watchful.

© Goldilocks

https://zycrypto.com/trillions-in-shiba-inu-tokens-leave-crypto-exchanges-shib-price-reacts/

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More court victories for the cryptocurrency market and a clearer view of the regulatory environment for decentralized applications
https://www.investorideas.com/news/2023/cryptocurrency/08311Court-Victories.asp

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The 10-year Treasury bond is on track for a third year of losses in 2023, something that hasn't happened in roughly 250 years of U.S. history.

In short, it has never happened, say strategists at Bank of America.

© GM

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Buckle up for a Wild Ride over the month of September 2023. 
 
Behind the scenes, EVERY bank on the planet is 100% insolvent and it's time to lay their cards on the table! 
 
Keep assets in your own possession ONLY!!
 
ALERT! COMEX Silver Beyond Broken! "September to Remember" Has Begun...WATCH THE BANKS! (Bix Weir)
https://youtu.be/843Q2YQbAz8

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Goldilocks' Comments and Global Economic News for Thursday afternoon, August 31, 2023

Good afternoon Dinar Recaps,

Goldilocks posted comments and news links on the global financial system

Our world is in the process of synchronizing many digital money networks into one Collective Quantum Financial/Technological System.

It is a collection of many ideas inspired from different cultures all over the world.

This is why a world-changing event such as this has the capacity to evolve the human race into another level of being.

The birth of our new economy is also the birth of a new human.

Many of the dynamics taking shape in this new economy of spirit have the capacity to motivate and secure a healthy environment.

It is an open banking source capable of making changes at any given moment when the direction is not for the well-being of the whole Global Nation.

It is a baptism by a fire in many ways for all of us, but our movement forward takes us on a journey into the unknown and mysteries of life never seen before in history.

© Goldilocks

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Is the World Prepared for Central Bank Digital Currencies? | Fintech Singapore
https://fintechnews.sg/77571/blockchain/is-the-world-prepared-for-central-bank-digital-currencies/

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ISO 20022 Crypto: List of Compliant Coins in 2023 – Cryptopolitan
https://www.cryptopolitan.com/iso-20022-compliant-crypto-list/

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Sometimes I like to do a review for myself and others. Today, I would like to remind you of a few articles that have been written in the past to clarify the use of Central Bank Digital Currency.

So far, CBDCs are for wholesale use only and Central Banks. On the retail level of CBDCs, we have a problem.

Retail CBDCs do not scale as fast as other coins, and they are not private. All of this has been written about in articles outlining where we are in this process. AI is currently working on a mechanism to give us privacy, but they are a long way from its adoption even if passed through public adoption.

Stablecoins that represent a country's currency is much further along, and the SEC and CFTC are requiring the full backing of these coins to be made by gold and other commodities.

Anyone who has been following this room is aware that I have backed this information by articles from legitimate sources. This is just a reminder as to where we are in the process.

© Goldilocks

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Goldilocks' Comments and Global Economic News for Thursday, August 31, 2023

Good morning Dinar Recaps,

Goldilocks posted comments and news links on the global financial system

Bitcoin has no real backing, gold is the future of digital currency - World Gold Council Chair 

Kitco News Link

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India’s Prime Minister Narendra Modi called for a global framework on cryptocurrency, artificial intelligence, and other emerging technologies. 

Days ahead of the G20 summit scheduled to begin September 8 in New Delhi, Modi was asked in a recent interview with Business Today about a potential worldwide framework for regulating cryptocurrencies.

https://decrypt.co/154043/global-crypto-regulation-ai-emerging-technology-economies-india

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The major stablecoin company CIRCLE said it will launch its USDC stablecoin natively on two blockchains in the first week of September.  The company said on  AUG30 that it will launch USDC on Optimism’s OP Mainnet. It said that this new, native version of USDC will gradually replace OP Mainnet’s current version of the stablecoin, which is bridged from the Etherium blockchain.  The symbol for Optimism’s bridged version of USDC will be changed to USDC.e, while the new native version will be labeled USDC.  Previously, Circle announced a native version of USDC on Coinbase’s Layer 2 Base network on AUG29 Just like in the other launch, the new version of USDC on Base will gradually replace an existing version bridged from Ethereum. The bridged version will be renamed USDbC, while the new native version will be labeled USDC.  Circle said that these native versions of USDC will allow for institutional on- and off-ramps and will help ensure that USDC is always fully backed and redeemable.

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"Paxos Acquisition Marks a New Era for Stablecoin Landscape. Binance’s strategic decision to phase out its stablecoin, BUSD, by the end of 2024 marks a significant turning point within the cryptocurrency space."

This announcement is a sign of things to come. The acquisition of BUSD by Paxos allows us to know what is on the horizon.

Paxos is a stablecoin backed by gold. It is a new regulation requirement expectation of stablecoins going forward. Stablecoins represent a country's currency in digital form.

The standardization of the new digital economy is dependent on protocols that allow stable exchanges from one country to the next. In this case, it will be done with stablecoins backed by gold.

© Goldilocks

https://thecurrencyanalytics.com/crypto-exchanges/paxos-acquisition-marks-a-new-era-for-stablecoin-landscape-67208.php

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"The more crypto regulations evolve, the higher the chances are for them to reshape investor sentiment."

Crypto regulations are beginning to shape the way we live, invest, and even think. Just two years ago, you hardly heard anyone talk about a new digital economy. And now, it is commonplace.

The use of AI and other digital mechanisms to ensure a secure and certain movement forward on the growth of money is capturing the sentiments of people young and old.

Many governing regulations have surfaced to give guidance for the movement of this new decentralized banking system. It serves as a reminder of the ever-evolving nature of money itself.

An economy has a life of its own, and what we spend our money on says a lot about those who invest in it.

This is why the movement of money is an ever-changing creative act that expresses who we are as a Global Nation.

These new digital regulatory developments are shaping the Crypto Market in ways none of us could have imagined. It is giving us direction for a future expressed by those who participate in it.

When people decide to buy certain cryptocurrencies, it becomes a sentiment or bias towards the network's philosophy and ideas that come with it.

New laws and regulations support each Network that is interfaced onto the new Quantum Financial System. It has the ability to influence the world in a way it never has before. We are currently in an ever-evolving evolutionary event that will change the way we live forever.

© Goldilocks

https://www.techopedia.com/how-crypto-regulations-shape-market-sentiment-and-drive-prices

https://www.techopedia.com/crypto-regulation-challenges

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Banking Announcement:

The State Bank of Vietnam has joined an alliance of Asian central banks that has been working together to link up their domestic payment systems.

The State Bank of Vietnam signed a memorandum of understanding to become a member of the Regional Payment Connectivity (RPC) initiative on August 25, according to a joint statement issued by six central banks. The event was held on the sidelines of a high-level meeting organized by the Association of Southeast Asian Nations (ASEAN).

The central

Central Banking Link

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Blockchain Adoption: Stellar Development Foundation Comments on Decision to Join Bytecode Alliance
August 29, 2023

One of the first decisions made when building Soroban, the Stellar network‘s smart contract platform, was “choosing a platform for it to run on.”

The developers say they decided “to build on WebAssembly (Wasm) in April of 2022.” As noted in a blog post, Wasm offers a robust execution environment “for smart contracts and a thriving ecosystem.”

It also contributes “to building a safe, scalable system that promotes equitable access.” Choosing Wasm, or any platform really, is “a foundational decision because it informs just about every decision that comes next.” Which is why it was “a no-brainer for the Stellar Development Foundation (SDF) to join the Bytecode Alliance.”

As only the second blockchain in the Alliance, SDF can now help “shape the future and development of WebAssembly to include blockchain’s point of view.”

https://www.crowdfundinsider.com/2023/08/212055-blockchain-adoption-stellar-development-foundation-comments-on-decision-to-join-bytecode-alliance/

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