Goldilocks' Comments and Global Economic News for September 19th
Goldilocks' Comments and Global Economic News for September 19th
Good afternoon Dinar Recaps,
Congrats, America 🥂We Made it! Government Debt Spikes past $33 Trillion: +$1.6 Trillion since Debt Ceiling, +$2.2 Trillion from Year Ago | Wolf Street Wolfstreet Link
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"The world’s first fractional bond exchange using the latest in distributed ledger technology now has Citi Securities Services as its first digital custodian participant."
Goldilocks' Comments and Global Economic News for September 19th
Good afternoon Dinar Recaps,
Congrats, America 🥂We Made it! Government Debt Spikes past $33 Trillion: +$1.6 Trillion since Debt Ceiling, +$2.2 Trillion from Year Ago | Wolf Street Wolfstreet Link
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"The world’s first fractional bond exchange using the latest in distributed ledger technology now has Citi Securities Services as its first digital custodian participant."
Citibank steps into the digital bond market as a digital custodian. A custodian holds stocks, bonds, or other assets electronically/digitally or in physical form for and on behalf of their customers.
Bond yields give us an indication of how well the stock market is doing. The trade for them, be it domestic or foreign, increases the demand for a nation's currency. And demand creates more value through money velocity.
The most common bond type is the US Treasury Gold Bond. This is issued by the US government, and it is backed by gold held by the US Treasury.
Are you beginning to see why currency resets around the world are about to become inevitable? Basel 3 changes the landscape of everything. It is expected to be completed by the end of the year.
"All roads lead to gold and gold will set us free."
© Goldilocks
Investment News Link
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"The KRX system is an information technology system for managing and operating transactions on the Vietnamese stock market."
The Vietnamese stock market is upgrading their system. They are calling on all of their it professionals to upgrade into the new kRX technological system to be used on their Stock Exchange.
This will enable them to digitally do transactions on the stock market on a global scale. The expectation is for all security companies to be fully integrated by the month of December or answer to their clients for their failures in doing so.
Vietnam is moving along rather nicely. Months ago we read where one of their Banks was fully Basel 3 compliant, and now we find they are about to be capable of utilizing their tokenized assets supported by a gold standard and the movement of their money from one transaction to another.
© Goldilocks
VietnamNews Link1
VietnamNews Link 2
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Crypto Custody Services Expand; CFTC Enforcement Targets DeFi, SEC Targets NFTs; FinCEN Warns of Crypto Scams; Major Hacks Steal $41M and $55M | BakerHostetler - JDSupra
https://www.jdsupra.com/legalnews/crypto-custody-services-expand-cftc-2120214/
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STORY: "She adds this possibility could lead to short term changes to economic indicators making it hard for the Federal Reserve to accurately gauge the health of the U.S. economy in the months to come."
As we have been discussing in this room, we are in process of making adjustments to Capital requirements inside Basel 3 compliant banking mechanisms.
Tokenization of assets backed by real-world Commodities will give them real values.
Therefore, the expectation of volatility on the markets for the rest of this year is certainly going to be a part of what we are going to see any moment.
As the markets and banking system work to find their Goldilocks economy, you will more than likely hear about changes being made to the system to create new synchronistic values that are neither too hot or too cold, but "they are just right." 😉
"The term (Goldilocks) describes an ideal state for an economic system. In this perfect state, there is full employment, economic stability, and stable growth."
© Goldilocks
https://news.yahoo.com/us-market-volatility-could-spike-192859541.html
Investopedia Link
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The Rise of Artificial Intelligence, Big Data, and the Next Generation of International Rules Governing Cross-Border Data Flows and Digital Trade | White & Case LLP
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Overcoming Barriers: Challenges to Implementing Global Regulation of Digital Assets
Finance Feeds Link
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🚨XDC HUGE PROJECT ANNOUNCEMENT🚨XINFIN PRICE & DIGITAL TRADE GOING LIVE
https://youtu.be/xsxEZiZzKtc?feature=shared
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Private banking is an enhanced offering for the high-net-worth individual (HNWI) clients of a financial institution. Private banking consists of personalized financial and investment services and products from a dedicated personal banker.
Investopedia Link
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When I talked with the Head of Silver Eagle Sales for the US Mint back in May he said they had been "allocated" 4 Million more silver blanks for the 2023 US Silver Eagle Program.
With the ramp-up of silver eagle sales over the past 4 months the premiums have fallen substantially.
According to the numbers, unless the allocation of silver blanks was increased further, the US Mint should STOP selling eagles in October instead of December!
What would that do to Silver Eagle Premiums?
ALERT! US Mint to STOP SELLING 2023 Silver Eagles in October?! PREMIUMS TO SOAR AGAIN?! (Bix Weir
https://www.youtube.com/watch?v=QPozCeMSk6I
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Goldilocks' Comments and Global Economic News for September 16th
Goldilocks' Comments and Global Economic News for September 16th
Good afternoon Dinar Recaps,
Banks are in support of Basel 3 Capital Requirements with some exceptions and asking for adjustments inside Credit Unions and smaller Banks.
They have already found that the need for adjusted requirements depending on the population size and the amount of money in that community is needed to be proportional to the size of that community's ability to hold a certain economic status.
Goldilocks' Comments and Global Economic News for September 16th
Good afternoon Dinar Recaps,
Banks are in support of Basel 3 Capital Requirements with some exceptions and asking for adjustments inside Credit Unions and smaller Banks.
They have already found that the need for adjusted requirements depending on the population size and the amount of money in that community is needed to be proportional to the size of that community's ability to hold a certain economic status.
Instead of flat across-the-board Capital Requirements for banks of all sizes, changes are being called for to meet the needs of smaller Community Banks.
This will reduce the amount of consolidation going forward and keep some solid banking practices in communities that have been known for a long time.
As you can see, we talked about adjustments being made during this period of time. Here is one of them.
© Goldilocks
https://news.cuna.org/articles/123035-cuna-woccu-urge-basel-iii-proportionality-implementation
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U.S. Has More Gold in Reserves Than All of BRICS Combined
https://watcher.guru/news/u-s-has-more-gold-in-reserves-than-all-of-brics-combined
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Barring any negative surprises, Maersk shipping industry is beginning to see an upside trend in trading volumes. Remember, the shipping industry is 80% of what takes place in the trading sector.
Maersk CEO says it is not what it used to be a few years ago, but they are seeing signs of less volatility and more production opportunities.
Maersk is one of the largest shipping industries in the world and a good barometer in gauging trade on the water.
This is a good sign as we approach market and banking reforms complying with Basel 3 requirements. It is a synchronistic set of patterns we are looking for to determine realistic revenue to support new values on each sector of the market including foreign currency values.
Things are beginning to look as though we are being set up for a Global Currency Reset.
The proposal period and testing period for Basel III requirements are on November the 30th. December is a month for the banking system to clear their books, and it is a wonderful time for them to move forward with the implementation of Basel III requirements.
Basel 4 began on January 1st 2023, it was the expectation the Basel 3 would be completed by the end of the year.
The tokenization of assets backed by real values inside a commodity Market is also expected to be done in the near term with more networks being built on an open banking system as we move forward.
Look for gold, silver, and other Commodities such as oil to go to real values or head that way anytime this year or early next year.
Do you see how the Markets, Banks, Regulatory agencies, Shipping industry, and Currency Reforms are laying a foundation for change?
© Goldilocks
https://indiashippingnews.com/maersk-the-shipping-giant-is-showing-tentative-signs-of-a-bounce-back-in-global-trade/
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The new digital asset-based trading system is not simply a button you can push to change everything.
It is layered with support mechanisms capable of keeping the system going through monetizing efforts in every sector of the market.
© Goldilocks
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Indonesia Ready to Work on Critical Minerals Agreement With U.S.
Rich in critical minerals like nickel, Indonesia is ready to start working with the United States on an agreement to supply the nation with these minerals in order to meet the increasing demand for electric vehicles.
It’s just another prime example of one of the many proposed agreements nations are making with each other in order to meet their emissions-related goals. These critical minerals represent important components in developing clean energy technology.
https://etftrends.com/gold-silver-investing-channel/indonesia-ready-work-critical-minerals-agreement-us/
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London gold body aims to create secure global database | Reuters
https://www.reuters.com/markets/commodities/london-gold-body-aims-create-secure-global-database-2023-09-14/
LONDON, Sept 14 (Reuters) - Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients' cryptocurrencies and tokenised assets, Taurus said in a statement on Thursday.
The partnership means Deutsche Bank will, for the first time, be able to hold a limited number of cryptocurrencies for its clients, as well as tokenised versions of traditional financial assets, a Deutsche Bank spokesperson said.
Crypto trading is not in the bank's "immediate plans", the spokesperson said. Deutsche Bank said it aimed to offer crypto trading in a World Economic Forum paperback in 2020.
https://archive.ph/2023.09.14-122111/https://www.reuters.com/business/finance/deutsche-bank-hold-crypto-institutional-clients-2023-09-14/
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BOOM! A New List of Banks That are Connected to The QFS System or are Being Connected – QFS + RTGS Trust The Plan! - American Media Group BOOM! A New List of Banks That are Connected to the QFS System or are Being Connected - QFS + RTGS Trust the Plan!
https://amg-news.com/boom-a-new-list-of-banks-that-are-connected-to-the-qfs-system-or-are-being-connected-qfs-rtgs-trust-the-plan/
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Zambia, China to dedollarize trade
Zambia and China have agreed to encourage wider use of their own currencies in trade and investment following a meeting in Beijing between Presidents Xi Jinping and Hakainde Hichilema.
The measure would reduce foreign exchange costs and exchange rate risks, according to a joint statement made by the two leaders on Friday.
Additionally, this move could reduce dependence on the US dollar, which is currently used to calculate the price of copper.
Copper constitutes roughly 70% of Zambia's export earnings, while China represents approximately half of global demand.
https://twitter.com/MultiPolarMarkt
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When our interests shift to more sharing, understanding, and involvement in the completion of a fair and abundant monetary system over our own self-absorbed piece of it, the abundance we are seeking the most can already be found within our hearts.
© Goldilocks
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Goldilocks' Comments and Global Economic News for September 15th
Goldilocks' Comments and Global Economic News for September 15th
Good evening Dinar Recaps,
On January 20, 2024, Global Gold Monetary Fund will launch it's gold-backed currency in the Philippines.
This is a move into a gold-backed currency. Countries around the world are being invited to do the same through the GGMF.
It is a return to the gold standard for the Philippines, and it will serve as a starting point for many countries to do the same who choose to do so.
Goldilocks' Comments and Global Economic News for September 15th
Good evening Dinar Recaps,
On January 20, 2024, Global Gold Monetary Fund will launch it's gold-backed currency in the Philippines.
This is a move into a gold-backed currency. Countries around the world are being invited to do the same through the GGMF.
It is a return to the gold standard for the Philippines, and it will serve as a starting point for many countries to do the same who choose to do so.
© Goldilocks
https://www.manilatimes.net/2023/09/15/public-square/global-gold-monetary-fund-fosters-gold-backed-currency/1910062
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2023 G20 Sustainable Finance Report finalised in Varanasi meeting - Hindustan Times
https://www.hindustantimes.com/cities/others/2023-g20-sustainable-finance-report-finalised-in-varanasi-meeting-101694693921068.html
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Gold as International Reserves: A Barbarous Relic No More?
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US committee recommends royalties on minerals for EVs in sweeping reform proposal
Sept 12 (Reuters) - "A federal committee on Tuesday recommended imposing royalties on U.S. hard rock mining for the first time, a move it said could increase domestic production by providing funds for the agencies in charge of issuing new mining permits.
The proposal was part of a suite of recommendations aimed at increasing supply of the materials like lithium, cobalt, and nickel that are needed for a domestic electric vehicle (EV) industry that is key to President Joe Biden's climate agenda."
https://www.reuters.com/markets/commodities/us-committee-recommends-royalties-minerals-evs-sweeping-reform-proposal-2023-09-12/
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Live Gold Prices | Gold News And Analysis | Mining News | KITCO
Kitco News - The Society for Worldwide Interbank Financial Telecommunications (Swift) recently released the results of experiments it conducted with Chainlink (LINK), a leading Web3 service platform, which demonstrated that Swift infrastructure is capable of facilitating the transfer of tokenized value across multiple public and private blockchain networks.
https://www.kitco.com/news/2023-09-15/Swift-is-laying-the-groundwork-for-a-global-interoperable-blockchain-ecosystem-SDX-s-Alex-Kech.html
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Payments GPS:
Cross-Border International Trading is now traceable in real time.
“We have witnessed a high demand for transparency in the cross-border payments space. Our vision for Payments GPS is to provide clients and partners with one interface where they can track all payments across Corpay’s networks. And we don’t plan on stopping here. We’re on a mission to continue improving our infrastructure and data-sharing across all networks so we can continue delivering leading-edge transparency.”
This will allow the movement of money to be more transparent and secure especially in high volume trading of foreign currency between countries.
© Goldilocks
https://www.crowdfundinsider.com/2023/09/212870-corpay-cross-border-introduces-payments-gps-for-live-payment-tracking/
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With These 2 Achievements, Ripple Can Start Revolutionizing Tokenization: Expert
https://cryptopotato.com/with-these-2-achievements-ripple-can-start-revolutionizing-tokenization-expert/
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Quantum Xchange Takes Center Stage at Premier Tech Conferences, Championing the Future of Encryption
The Case for Quantum Security in the Enterprise
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The biggest oil deficit since 2007 will hit in the 4th quarter as Saudi Arabia cuts supply
https://markets.businessinsider.com/news/commodities/oil-supply-deficit-crude-prices-opec-saudi-arabia-russia-production-2023-9
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Iraqi Banking Announcement:
"Announcement of the public tender numbered (2023/5) for equipping, installing and operating Iraqi and foreign currency counting and sorting machines (dollars and euros) and currency packing machines for the Central Bank of Iraq / Kurdistan Region Branch / Erbil"
Delarue Currency Counting Machines are currently being installed inside the Iraqi Banks.
This is especially important for foreign currency exchanges outside of the Middle East banking system such as currencies related to the Dollar and the Euros.
These machines will count the money and throw out counterfeit bills.
© Goldilocks
https://cbi.iq/news/view/2413
https://www.hyundaimib.com/tech-guide/#:~:text=Technology%20Guide%20about%20Banknote%20Counting,check%20damaged%20or%20counterfeit%20notes.
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Banking Bombshell! The Real Reason Behind Those Wells Fargo Emails! Inside the Exclusive World of Redemption Centers! - Gazetteller
https://gazetteller.com/banking-bombshell-the-real-reason-behind-those-wells-fargo-emails-inside-the-exclusive-world-of-redemption-centers/
👆 Look where the Redemption Centers are...
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Banking Announcement:
Iraq is beginning to advance their banking reforms.
© Goldilocks https://youtu.be/eVJKTvZ6BSg?feature=shared
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The United Auto Workers (UAW) began a strike on Friday against all three of Detroit's legacy automakers, in an unprecedented move that could initiate a costly and protracted struggle over wages and job security.
After the midnight deadline for a new contract passed, workers walked out on a Ford Motor Co. plant in Michigan that makes Bronco SUVs, a General Motors Co. factory in Missouri that assembles Chevrolet Colorado pickups and a Stellantis NV plant in Ohio that builds Jeep Wrangler SUVs. The union and automakers are still far apart after weeks of talks.
The strategy, which is focused on individual plants, is designed to gradually reduce production of profitable vehicles while minimizing the impact on the UAW strike fund.
The union stated that it will expand the strike to additional locations depending on the progress of negotiations.
“Tonight, for the first time in our history, we will strike all three of the Big Three at once,” UAW President Shawn Fain said late Thursday. “This strategy will keep the companies guessing. It will give our national negotiators maximum leverage and flexibility in bargaining. And if we need to go all out, we will.”
The union said 12,700 workers at three plants will be part of the initial action. UAW members will get $500 a week from the union in strike pay.
https://twitter.com/MultiPolarMarkt
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Tokenizing Traditional Assets: The Rise of Blockchain-Based Securities in 2023
https://www.coindesk.com/business/2023/09/14/the-tokenization-of-assets-is-underway/
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Goldilocks' Comments and Global Economic News for September 14th
Goldilocks' Comments and Global Economic News for September 14th
Good evening Dinar Recaps,
"Maritime Companies Should Act Quickly to Have a Say in New Federal Policies"
The new digital economic system is getting ready to be applied to seaports and laws of the sea.
On September 23, 2023, there will be a meeting and last chance for commercial seafarers to have their input into the new monetary policies taking place in the new digital system.
After that time, there will be the implementation of the new Maritime Laws guided by monetary policies inside our new "digital asset based trading system."
Goldilocks' Comments and Global Economic News for September 14th
Good evening Dinar Recaps,
"Maritime Companies Should Act Quickly to Have a Say in New Federal Policies"
The new digital economic system is getting ready to be applied to seaports and laws of the sea.
On September 23, 2023, there will be a meeting and last chance for commercial seafarers to have their input into the new monetary policies taking place in the new digital system.
After that time, there will be the implementation of the new Maritime Laws guided by monetary policies inside our new "digital asset based trading system."
Again, over 80% of our trades take place on the sea through imports and exports of goods and services. The exchange rates are determined by new policies that take effect.
"Monetary policy changes that impact national interest rates change the value of that country's currency. A residual impact of raising or decreasing interest rates is that country's currency's value will become stronger or weaker, and downstream impacts on global exchange rates occur."
Now, do you see why I've been telling you all of this time to "watch the water?" Let's watch closely to see if these changes happen immediately or over time, but they will change.
© Goldilocks Phelps Link IMF Link Investopedia Link
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SEC Small Business Advisory Committee to Discuss Funding for Early-Stage Companies and Alternative Funding for Small Businesses https://www.sec.gov/news/press-release/2023-177
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Banks Gear Up for ‘Larger Assault’ on Regulators After CFPB Win
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"Active trading in gold swaps by the Bank for International Settlements (BIS), the central bank of the central banks, in August."
"The BIS Gold Swaps rise to 26 Tonnes as soaring debt makes price suppression harder" says Robert Lambourne.
Let's take a moment here and pause. How do you deflate an inflated economy that is out of control? GOLD
Take a good look at what's going on in our economy, and you will understand why we are having to make this shift in the way we process goods and services.
Throughout history, gold has been the bridge from one economy to the next. And, we are about to see that bridge raised to levels capable of allowing us to cross over through tokenized assets backed by gold and new monetary policies to guide us.
It is no accident that the Bank of International Settlements is accumulating so much gold. The Bank for International Settlements holds gold for foreign exchange transactions and Central Bank reserves to manage monetary transactions held within the current monetary policies.
"All roads lead to gold and gold will set us free."
© Goldilocks
GoldSeek Link
https://www.bis.org/banking/balsheet/statofacc230831.pdf
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India, Saudi mull local currency trade | Mint
https://www.livemint.com/news/world/india-saudi-mull-local-currency-trade-11694454394313.html
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In a groundbreaking initiative, Mastercard has embarked on a mission to collaborate with central banks worldwide through its Central Bank Digital Currency (CBDC) program. The timing of this endeavor, which was officially launched this summer, has been strategically chosen due to the sustained global interest in digital currencies. Mastercard aims to usher in a new era of payment interoperability, recognizing its vital role in fostering a robust global economy.
https://thecurrencyanalytics.com/altcoins/mastercards-bold-move-to-drive-global-payment-innovation-69179.php
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Crypto-backed Mortgages: Unlocking the Power of Digital Assets
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Lyn Alden: Inflation vs. Deflation | Preparing for Economic Uncertainty
https://youtu.be/Rh9sflFmHCI?feature=shared
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BREAKING NEWS
CHINA ASKS BIG BANKS TO STAGGER AND ADJUST DOLLAR PURCHASES IN ORDER TO ALLEVIATE DOWNSIDE PRESSURE ON THE YUAN
It is getting hot.
Read: https://x.com/goldtelegraph_/status/1702367200655581289?s=46
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Interagency Special Purpose Credit Program Roundtable
https://youtu.be/v4UXjjQpkYI?feature=shared
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Goldilocks' Comments and Global Economic News for September 13th
Goldilocks' Comments and Global Economic News for September 13th
Good evening Dinar Recaps,
Market Announcement: China Securities Regulatory Commission is expanding the range of their assets to allow Infrastructure REITs (real estate assets).
The CSRC is equivalent to the SEC in the US. They are the regulatory body that oversees the Trading Assets in China. Everything is being tokenized and traded on the market supported by a commodity asset. This will give our market assets around the world a Level Playing Field real value including Forex that deals with foreign currency. © Goldilocks
Goldilocks' Comments and Global Economic News for September 13th
Good evening Dinar Recaps,
Market Announcement: China Securities Regulatory Commission is expanding the range of their assets to allow Infrastructure REITs (real estate assets).
The CSRC is equivalent to the SEC in the US. They are the regulatory body that oversees the Trading Assets in China. Everything is being tokenized and traded on the market supported by a commodity asset. This will give our market assets around the world a Level Playing Field real value including Forex that deals with foreign currency. © Goldilocks Linkedin Link
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Telegram adds self-custodial crypto wallet worldwide, excluding the US | TechCrunch
https://techcrunch.com/2023/09/13/telegram-ton-crypto-wallet/
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OECD Launches Governance Principles for Green Transition
“The revised Principles mark a significant, renewed international consensus and a strong desire from all OECD and G20 members to strengthen guidance on companies’ sustainability and resilience, to help them support the green transition and adapt to climate risks,” said OECD Secretary-General Mathias Cormann.
https://www.regulationasia.com/oecd-launches-governance-principles-for-green-transition/
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🔴 G20 Calls For GLOBAL DIGITAL IDs, CBDC and Strict Crypto Regulation
https://youtu.be/iCeWJpckuvI?feature=shared
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STATE STREET (stellar-statestreet.com)
STATE STREET’S FX CONNECT TO INTEGRATE LOOPFX, THE PIONEER OF PEER-TO-PEER-TO-BANK
LoopFX is pioneering a novel liquidity venue for large spot FX trades by centralizing peer-to-peer matching alongside bank interest. This innovative approach empowers traders using FX Connect to identify real-time matches for trades exceeding $10 million with other buy-side institutions. It also offers banks a secure channel to showcase their market axes.
https://financefeeds.com/state-streets-fx-connect-to-integrate-loopfx-the-pioneer-of-peer-to-peer-to-bank/
👆 (Goldilocks pointed to this article)
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"CME Group and DTCC’s enhanced treasury cross-margining arrangement receives SEC and CFTC approval.
The arrangement will allow eligible clearing members to gain increased margin efficiencies between US treasury securities and CME Group interest rate futures, with an expected launch in January 2024."
Cross-margin trading allows securities to be traded from one asset class to another holding liquidity for future margin calls.
There are a lot of directions I can go with this information, but I know many in this room are interested in the foreign currency direction.
A cross-margin arrangement can be agreed upon with the price of a foreign currency and used as collateral in making trades that will help an investor obtain an asset through what is called a cross-margin investment.
In other words, foreign currencies are expected to have a higher value in the future and can be used as collateral security for these trades. And, since foreign currency is considered a security and a commodity in the near term, the SEC and CFTC are involved in overseeing these transactions.
The implementation date for this to be accessed begins in January 2024. It will provide much-needed liquidity for several Market sectors including foreign currency exchanges.
© Goldilocks Global Custodian Link
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"Fair trade laws were enacted by states in the 1930s to allow manufacturers to set prices for their products by retailers. The laws were enacted by almost every state to counteract the constant price fluctuations brought on by the Great Depression. Manufacturers wanted to set price minimums for retailers on their products because they feared that too low of prices diminished brand or product value as seen by consumers. The practice gradually was eliminated by states as international trade increased which limited enforceability of fair trade laws, and in 1975 Congress enacted legislation that made fair trade laws illegal under the Sherman Antitrust Act."
This is another Level Playing Field mechanism that is coming into effect known as the "fair trading bill."
You will see why this has to take effect as our Market systems all over the world are transitioning.
This new revised bill will minimize merchants from undercutting each other in the sale of their goods and services during a monetary crisis.
© Goldilocks
https://www.nyasatimes.com/experts-scrutinize-fine-tune-competition-and-fair-trading-bill-regulations/
https://www.law.cornell.edu/wex/fair_trade_laws
Can you see what's happening today? They are preparing us for a transition into the new economy.
© Goldilocks
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Stellar | It’s Expensive to Be Poor https://stellar.org/blog/thought-leadership/its-expensive-to-be-poor
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Stellar | Decentralife | Stellar https://stellar.org/blog/ecosystem/decentralife-neema-adam
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Stellar | Blockchain as a Tool for Aid Disbursements
https://stellar.org/blog/tools-solutions/blockchain-tool-aid-disbursements
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Stellar | The Realities of Delivering Aid https://stellar.org/blog/thought-leadership/the-realities-of-delivering-aid
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The Bank of International Settlements (BIS) is calling for blockchain-based sustainable finance solutions. Indeed, the newly announced COP28 initiative seeks the development of new blockchain-based technologies to aid the sustainability of the finance sector.
Additionally, the new initiatives have also called for artificial intelligence to be used to achieve their goals. Moreover, it is set to be developed alongside the Central Bank of the United Arab Emirates (UAE), and the Emirates Institute of Finance.
https://watcher.guru/news/bis-calling-for-blockchain-based-sustainable-finance-solutions
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Washington, D.C. — The Commodity Futures Trading Commission’s Division of Clearing and Risk today issued a no-action letter providing that DCR will not recommend the CFTC take enforcement action against Taiwan Futures Exchange (TAIFEX) for failing to register as a derivatives clearing organization (DCO) as required by Section 5b(a) of the Commodity Exchange Act (CEA).
Today’s no-action letter extends CFTC Letter 22-12, which expires September 15. The extension will be until the earlier of March 15, 2024 or the date on which the CFTC exempts TAIFEX from registration as a DCO under Section 5b(h) of the CEA.
Like CFTC Letter 22-12, today’s no-action letter is limited to TAIFEX’s clearing of the proprietary trades of U.S. clearing members and their affiliates.
-CFTC- https://www.cftc.gov/PressRoom/PressReleases/8776-23
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💥 XLM ANNOUNCEMENT NEWS 💥 STELLAR XLM WHY I KEEP HOLDING
https://youtu.be/Gs7EtnWz9fQ?feature=shared
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Federal Reserve Actions to Support the Flow of Credit to Households and Businesses
FEDERAL RESERVE: “As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.”
READ MORE… Click HERE.
© Greg Mannarino
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JUST IN: FTX receives court approval to liquidate $3.4 billion in crypto assets
• Solana
• Bitcoin
• Ethereum
• WBTC
• WETH
• USDT
• XRP
• STG
• APT
• BIT
@WatcherGuru
👆 Let the sell-offs begin...
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I split today's post in two cuz it was kinda long....
The Silver Story is one that will SHOCK THE WORLD when the TRUTH comes out...175 years of Silver price suppression won't end quietly!!
ALERT! PART 1 - Silver Stands Ready as Banks Shut Down Coin Dealer Access to CASH! (Bix Weir)
WAKE UP DEMOCRATS! The artificially suppressed price of silver is destroying any hopes for the Future of The Green New Deal!
SUPPLY ISSUE: Price suppression destroys the economics of operating Silver Mines and ensures NO NEW MINES come online.
DEMAND ISSUE: Price suppression makes silver demand skyrocket in Industrial Applications as the low cost of silver makes EVERY APPLICATION PROFITABLE.
Something will BREAK VERY SOON: either the availability of silver will dry up OR the price will skyrocket sparking a panic to own physical silver!
ALERT! PART 2 - DEMOCRATS BEWARE! Silver Price Suppression Will Destroy Green New DEAL!! (Bix Weir) https://www.youtube.com/watch?v=7cabOL-OF2I
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Franklin Templeton, a leading asset manager, has entered the race for a Bitcoin spot ETF with the "Franklin Bitcoin ETF". The aim of many of these leading institutions applying for ETFs is to attract large institutional investors, which could potentially bring trillions of dollars into the crypto industry. Franklin Templeton's ETF will be based on a mix of cryptocurrency exchange Bitcoin prices to deter price manipulation.
Archive Link
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Digital Banking Announcement:
Mountain Protocol has publicly announced its launch along with USDM following a financing round led by Castle Island Ventures and several others. The token, USDM, is fully backed by short-term US Treasuries and offers a unique yield-bearing system, allowing even non-US users to earn interest in US Treasuries. Mountain Protocol has also secured a digital asset business license from the Bermuda Monetary Authority. https://crypto.news/mountain-protocol-launches-yield-bearing-stablecoin-in-bermudas/
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U.S. Senator requests information on ways to improve privacy protections of health data | Hogan Lovells – JDSupra https://www.jdsupra.com/legalnews/u-s-senator-requests-information-on-7126663/
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Goldilocks' Comments and Global Economic News for September 12th
Goldilocks' Comments and Global Economic News for September 12th
Good evening Dinar Recaps,
"A lithium deposit discovered in a volcanic crater along the Nevada-Oregon border may hold up to 40 million metric tons of the rare metal — possibly the largest ever in the world, which could have a massive impact on the electric vehicle industry, according to a new study."
Just when you think there is no hope for the US, Mother Nature goes and surprises everyone with a historical find hidden underneath our feet. This historical site contains what is being currently perceived to be the largest lithium deposit in the world.
Goldilocks' Comments and Global Economic News for September 12th
Good evening Dinar Recaps,
"A lithium deposit discovered in a volcanic crater along the Nevada-Oregon border may hold up to 40 million metric tons of the rare metal — possibly the largest ever in the world, which could have a massive impact on the electric vehicle industry, according to a new study."
Just when you think there is no hope for the US, Mother Nature goes and surprises everyone with a historical find hidden underneath our feet. This historical site contains what is being currently perceived to be the largest lithium deposit in the world.
It is the next stage of our evolution in creating electronic vehicles and a wonderful resource that will become a monetary catalyst for the future of our new digital economy.
© Goldilocks
https://nypost.com/2023/09/11/lithium-deposit-found-in-us-mcdermitt-caldera/
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"Crypto Market Anticipates Impact of Upcoming FTX Liquidation"
FTX is expected to liquidate $3.4 billion worth of cryptocurrencies on September 13th, 2023. At the time of this writing, this will be tomorrow.
The entire cryptocurrency space is interconnected, and the impact of such an event as this is expected to affect prices.
A market liquidation affects everything. A majority of the investors will be leaving or selling off their assets currently being traded on that market.
This could temporarily bring the price of many of your favorite cryptos down temporarily. It is an opportunity for investors to assess the cryptos they may want at lower prices that is different from what they had on the FTX platform.
Look for tomorrow's FTX liquidation to cause volatility and formulate new price patterns on current preferred digital assets.
We have a historical moment in the making and one of which has the potential to change many lives.
© Goldilocks
TheCurencyAnalytics Link
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I have noticed hundreds joining the Goldilocks QFS - Conversations Room for the last 2 days, so I want to clarify what this room is all about.
It is set up as a read-only room, so we can understand the new steps that lead to the new digital economy as it is becoming available to us each day and has for the last 2 years.
We are currently witnessing the new QFS forming its final building blocks. The new digital economy is called, a "digital asset-based trading system."
You will see various forms of Intel provided in this room from many sources, but the real Intel is coming from technological advances on the new digital payment system.
Technology is the real Intel going forward on the Global Currency Reset since its primary mission is to level the playing field for all countries around the world digitally.
Feel free to share any information that you get in this room, but if you copy and paste any of the information provided by the author in other rooms just give credit where credit is due.
We are in this together, and the author of this room and those who help keep it safe and secure feel that it is important to share info as it comes along.
This new information does not belong to the author for its origination comes from sources beyond this room. We just simply want to help people.
© Goldilocks
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New IRS Form 1099 Crypto Reporting Rules Bring More Taxes
Forbes Link
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NIST Stablecoin Report Highlights Security and Stability Concerns
"The report begins by identifying four “properties” that typically apply to all stablecoins. Stablecoins are “tokenized”, meaning that they are a cryptocurrency token managed by smart contracts. Stablecoins also are “fungible”, meaning that they can be substituted for each other and are not unique, but also meaning that they have little to no pricing volatility, relative to their pegged asset or index. They are “tradeable”, and finally, they are “convertible” in that they can be converted to other currencies or the pegged asset."
Stablecoins are currently going through reforms to make them more safe and more usable for countries around the world.
This study provided six areas of concern that need to be cleared up before their implementation is possible. No date was given, but everything is in process at this point anyway inside a pilot phase that will give us a safe environment for testing currently taking place this month.
This article is a report. A report monitors trends and policies related to access. It monitors use-case scenarios. And, a report offers recommendations based on the impact of digital technologies from a development perspective.
In other words, stablecoins have moved to the developmental stage.
© Goldilocks
https://www.jdsupra.com/legalnews/nist-stablecoin-report-highlights-3575983/
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President Biden Announces New USAID Commitments to Vietnam | Press Release | U.S. Agency for International Development
USAID Link
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Banking Announcements:
Hong Kong is expanding its technical testing to include more banks and testing the digital yuan wallet’s top-up function through FPS.
https://www.regulationasia.com/hkma-pboc-enter-next-phase-of-e-cny-technical-testing/
Companies seeking to purchase $50mn or more in dollars will now need approval from the PBOC, which is trying to stabilise the yuan.
https://www.regulationasia.com/china-tightens-approval-process-for-large-usd-purchases/
Taiwan Set to Issue New Regulatory Guidelines for Crypto Sector
https://www.regulationasia.com/taiwan-set-to-issue-new-regulatory-guidelines-for-crypto-sector/
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Further interest rate rises needed to crush inflation, Bank rate-setter warns
https://www.telegraph.co.uk/business/2023/09/11/bank-rate-setter-interest-rate-rises-needed-inflation/
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Use of local currencies to speed up trade and reduce costs
"The use of local currencies in trade relations between BRICS countries will accelerate trade and reduce international costs. This was stated by Brazilian Foreign Minister Mauro Vieira during the Bom Dia, Ministro programme."
https://tvbrics.com/en/news/use-of-local-currencies-to-speed-up-trade-and-reduce-costs-in-brics/
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Press Release: PayPal Introduces On and Off Ramps for Web3 Payments
NewsroomPaypal Link
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FTX 2.0: Crypto exchange to lay out reboot plan
FTX has contacted more than 75 bidders since May to gauge industry interest in supporting the reopening of the exchange, according to a presentation filed in Delaware state court.
Several bidders have submitted proposals that are currently going through the due diligence and information exchange process, the legacy managers said, and the deadline for submitting new proposals is Sept. 24.
A plan to relaunch a new version of the defunct cryptocurrency exchange could come as early as next year.
In case you're new to this, FTX was one of the world's largest digital asset trading platforms prior to its bankruptcy.
It was a key part of a cryptocurrency empire controlled by its now-jailed CEO Sam Bankman-Fried, who faces trial next month on fraud and other charges.
https://twitter.com/MultiPolarMarkt
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Stellar Announcement:
The moment is here. The idea is no longer just an idea. The hard work, long nights, and sacrifice have turned into something we can touch, see, and experience. Welcome to the new Stellar — where blockchain meets the real world.
-denelle
Stellar Link
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News for September 11th
Goldilocks' Comments and Global Economic News for September 11th
Good afternoon Dinar Recaps,
Banking and Market Announcement:
CFTC commissioner Caroline Pham said, "creating a pilot programme will enable the safe exploration of innovations involving crypto, digital assets, and tokenisation."
"Crypto regulatory sandboxes are controlled environments established by government agencies to enable fintech companies and startups to test cryptocurrency and blockchain projects under relaxed regulations."
Goldilocks' Comments and Global Economic News for September 11th
Good afternoon Dinar Recaps,
Banking and Market Announcement:
CFTC commissioner Caroline Pham said, "creating a pilot programme will enable the safe exploration of innovations involving crypto, digital assets, and tokenisation."
"Crypto regulatory sandboxes are controlled environments established by government agencies to enable fintech companies and startups to test cryptocurrency and blockchain projects under relaxed regulations."
In other words, the new regulations of our cryptocurrency inside a new digital economy is now on a pilot program and currently being phased into the new digital economy.
At this time, we have cryptocurrency and new Basel 3 Capital requirements being tested this month. If they hold, we can move forward as is or make adjustments.
These adjustments will be ongoing as the market goes to a real value. It's not all done in one month and can take time as it winds down from being inflated for so many years.
Meanwhile, new bilateral agreements are being rewritten around the world to comply with new protocols in the banking and Market systems.
© Goldilocks
https://www.regulationasia.com/cftc-commissioner-urges-creation-of-crypto-regulatory-sandbox/
https://www.investopedia.com/terms/c/crypto-regulatory-sandbox.asp
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DTCC’s Chris Childs on APAC's Derivatives Reporting Rule Rewrites
https://youtu.be/tJ1ZpC1waVw?feature=shared
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BRICS: Asian Currency Officials Look To Halt the Rising US Dollar
https://www.thegatewaypundit.com/2023/09/rise-brics-fall-g20/
https://watcher.guru/news/brics-asian-currency-officials-look-to-halt-the-rising-us-dollar
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Foreign currency exchanges are a part of the Basel 3 capital requirements. Everything is being tokenized and backed by gold and other commodities.
The stock markets around the world are moving into a real value, and they will be reset to a real value based on gold at the time they are fully tokenized.
As the dollar wanes and gold rises as THE underlying asset that supports the new digital economy, we will see a release of the caps on gold. It will be allowed to rise to a value capable of supporting our new economy.
Here, the resetting of gold to a real value capable of moving our new digital asset-based economy forward will give rise to our new commodity-based Market that will lead us forward inside standard protocols currently being defined inside our transition into it.
© Goldilocks
Broadbridge Link
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Indonesia has intensified its efforts to minimize reliance on the U.S. dollar by establishing a National Task Force. The initiative aims to broaden the use of local currencies in transactions with partner countries. The announcement was made during the recent ASEAN Summit in Jakarta, marking a significant milestone in Indonesia’s financial strategy.
*Indonesia's central bank, Bank Indonesia, has established a National Task Force to expand the use of local currencies in transactions with partner countries, aiming to reduce reliance on the U.S. dollar.
* The task force involves multiple Indonesian government bodies and has already seen cooperation agreements for local currency transactions signed with countries like Singapore and South Korea, in addition to existing partnerships with Malaysia, Thailand, Japan, and China.
* The initiative aligns with broader global trends, including efforts by the BRICS nations and the ASEAN community to encourage using national currencies in international trade and financial transactions.
The task force is a multi-agency collaboration involving several key government bodies, including Bank Indonesia, the Coordinating Ministry for Economic Affairs, the Ministry of Finance, and the Financial Services Authority (OJK), among others. This collective approach is designed to formulate a cohesive strategy for promoting the use of the Indonesian Rupiah and other local currencies in international trade and financial transactions.
https://www.cryptopolitan.com/indonesia-accelerates-de-dollarization-formation-of-national-task-force/
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RBI likely to launch digital rupee pilot for interbank transactions by October: Report
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A New Era of Banking? JPMorgan Introduces Deposit Tokenization for Settlements - Wall Street Pit
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US Department of the Treasury, IRS Release Guidance on Inflation Reduction Act Provision to Ensure Good-Paying Clean Energy Jobs, Expand Clean Energy Workforce, Hydrogen Included
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SEC Adopts New Cybersecurity Disclosure Rules for U.S. Public Companies and Foreign Private Issuers | Stikeman Elliott LLP
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New SEC Cybersecurity Rules Require Mandatory Disclosure | Dorsey & Whitney LLP
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Messages of Remembrance at 9/11 Memorial Museum
https://www.911memorial.org/connect/blog/messages-remembrance-911-memorial-museum
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🇳🇬🇮🇳 Nigeria, India to boost agriculture together
Nigeria has signed a multi-billion dollar agreement with an Indian investment agency to support infrastructure projects including power, rail, warehousing and port projects in Africa's most populous country.
The agreement with Invest India is expected to help the West African country industrialize its agriculture and manufacturing sector and reduce dependence on imports, the head of the government-backed infrastructure company said.
This is the latest in several deals between the two countries as Nigeria, a country of over 200 million people, seeks to fill the infrastructure deficit and boost economic growth.
It needs at least $3 trillion over 30 years to do so, according to Lazarus Angbazo, CEO of Infrastructure Corporation of Nigeria Limited.
So this partnership is expected to help Nigeria expand its ports to handle more shipping containers, Angbazo said.
https://twitter.com/MultiPolarMarkt
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"Biden said he met with Chinese President Xi Jinping's No.2, Chinese Premier Li Qiang, at the annual G20 summit in New Delhi. The talks were the highest level meeting between the two powers in nearly 10 months since Biden and Xi spoke at last year's G20 in Indonesia." 23 hours ago
Do you see a shift taking place?
More and more agreements are being made with the US Administration inside the BRICS system along with conversations on current trade agreements.
© Goldilocks
Reuters Link
https://www.congress.gov/bill/118th-congress/house-bill/556
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Malaysia is developing a policy to BAN the export of rare earth raw materials to prevent exploitation and preserve resources.
Again, The race for minerals is on. More and more countries are catching on.
Read: https://x.com/goldtelegraph_/status/1701266242475266183?s=46
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Ripple makes its 2nd acquisition of 2023
The crypto firm on Friday agreed to buy Fortress Trust, a regulatory and technology infrastructure provider for blockchain companies. Ripple in May bought crypto custody company Metaco.
Banking Dive Link
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BREAKING NEWS
CHINA'S CENTRAL BANK IS TIGHTENING ITS SCRUTINY OF BULK DOLLAR PURCHASES BY DOMESTIC FIRMS
Things are starting to add up.
Read: https://x.com/goldtelegraph_/status/1701320557747437730?s=46
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$3,600,000 To Be Handed Out With No Strings Attached in Large American City’s Basic Income Pilot
Daily Hodl Link
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Goldilocks' Comments and Global Economic News for September 10th
Goldilocks' Comments and Global Economic News for September 10th
Good afternoon Dinar Recaps,
President Biden has a meeting with Vietnam on September the 10th through the 11th. The topics they are going to cover are the following:
* Parliamentary cooperation
* Sustainable development
* Creation of new and stronger bilateral and multilateral mechanisms for economic, trade, and investment cooperation
Interestingly, Iraq has a meeting with Saudi Arabia to do the same thing. And, we all know they are moving toward trades in local currency mechanisms only.
Goldilocks' Comments and Global Economic News for September 10th
Good afternoon Dinar Recaps,
President Biden has a meeting with Vietnam on September the 10th through the 11th. The topics they are going to cover are the following:
* Parliamentary cooperation
* Sustainable development
* Creation of new and stronger bilateral and multilateral mechanisms for economic, trade, and investment cooperation
Interestingly, Iraq has a meeting with Saudi Arabia to do the same thing. And, we all know they are moving toward trades in local currency mechanisms only.
Both of these agreements include a comprehensive agreement which is a more detailed agreement that enhances the economy of all countries involved. More demand on currencies creates more value in their prices.
© Goldilocks
Search4dinar WordPress
VietnamNews Link
WorldBank Link
LawInsider Link
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G20 Summit: India, US, Gulf states likely to sign mega infrastructure deal to connect Middle East | The Financial Express
https://www.financialexpress.com/business/infrastructure-g20-summit-india-us-gulf-states-likely-to-sign-mega-infrastructure-deal-to-connect-middle-east-3237251/
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Ripple’s XRP Primed For Ballistic Rally Amid Adoption By Banks in Indonesia, Philippines, Vietnam
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New Digital Asset Regs a ‘Huge Milestone,’ Crypto Tax Expert Says
https://tax.thomsonreuters.com/news/new-digital-asset-regs-a-huge-milestone-crypto-tax-expert-says/
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NPCI unveils a suite of digital-payment products https://www.thehindu.com/business/npci-unveils-a-suite-of-digital-payment-products/article67278029.ece
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🇨🇳 (https://twitter.com/MultiPolarMarkt) As for the 2026 summit in US...
Interestingly, according to the four sources, China has raised objections to the US taking over the presidency of the G20 countries in 2026, as already announced by President Joe Biden's administration.
According to the sources, Beijing has asked for its displeasure to be recorded, but the insiders were not aware of the reasons for it.
China's objections were supported by Russia, according to one of the sources.
https://twitter.com/MultiPolarMarkt
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"The International Monetary Fund and World Bank on Thursday issued a rare joint statement pledging to step up their cooperation to address climate change, debt vulnerabilities, and countries' digital transitions.
The statement, released ahead of a G20 leaders summit in India this week, said the two institutions can help address mounting challenges facing the global economy - from increasing climate disasters to slowing growth and geopolitical fragmentation - by working together.
The Bretton Woods institutions, with their universal membership and specialist expertise, are well-placed to make a critical contribution to help countries tackle these challenges," IMF Managing Director Kristalina Georgieva and World Bank President Ajay Banga said in the joint statement."
The Bretton Woods System is a set of unified rules and policies that provides the framework necessary to create international currency exchange rates. Essentially, the BW system allows the IMF to determine rates of exchange for currencies around the world.
"The IMF and World Bank were established in 1944 at a meeting in Bretton Woods, New Hampshire."
This BW2 agreement gave the IMF and World Bank the power to preserve economic stability in the world.
We now have some big players stepping up to cooperate and implement new changes to the global economy. It looks like we have a BW3 establishment just around the corner.
The IMF and World Bank have made a commitment to step up in their cooperation to move us into a new digital economy to help deal with debt and climate issues.
© Goldilocks
VNExpress LINK
LinkedIn Link
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16.3 The Bretton Woods Institutions - Introduction to Political Science | OpenStax
https://openstax.org/books/introduction-political-science/pages/16-3-the-bretton-woods-institutions
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What are the 5 key elements under BRETTON WOODS - Brainly.ph
https://brainly.ph/question/6514888
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I.R.S. Deploys Artificial Intelligence to Catch Tax Evasion - The New York Times
https://www.nytimes.com/2023/09/08/us/politics/irs-deploys-artificial-intelligence-to-target-rich-partnerships.html
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Morgan Stanley To Debut an AI Banking Assistant for Wealthy Clients - The Messenger
https://themessenger.com/tech/morgan-stanley-to-debut-an-ai-banking-assistant-for-wealthy-clients
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US, Saudi Arabia in talks to secure metals in Africa, Wall Street Journal reports
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Make your payment transaction data actionable in real-time
https://www.intix.eu/xponential/insights/make-your-payment-transaction-data-actionable-in-real-time
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Goldilocks' Comments and Global Economic News for Saturday Sept 9th
Goldilocks' Comments and Global Economic News for Saturday Sept 9th
Good afternoon Dinar Recaps,
China's COMING COLLAPSE!! Most Troubling Signs Yet!!
https://youtu.be/kk11VlHE-Ak?feature=shared
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"The IMF and FSB have released a joint synthesis paper containing its policy recommendations for crypto assets. At the request of the G20, the International Monetary Fund (IMF) and Financial Stability Board (FSB) released a joint white paper publishing the IMF’s and the FSB’s recommendations and standards for crypto policy."
Goldilocks' Comments and Global Economic News for Saturday Sept 9th
Good afternoon Dinar Recaps,
China's COMING COLLAPSE!! Most Troubling Signs Yet!!
https://youtu.be/kk11VlHE-Ak?feature=shared
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"The IMF and FSB have released a joint synthesis paper containing its policy recommendations for crypto assets. At the request of the G20, the International Monetary Fund (IMF) and Financial Stability Board (FSB) released a joint white paper publishing the IMF’s and the FSB’s recommendations and standards for crypto policy."
A white paper is a comprehensive report on a particular topic that presents a problem and creates a solution. White papers are created to educate their Market audience about new procedures that will be put into place going forward.
In other words, the movement into the new digital economy has reached a stage of implementation. Some digital networks are further along than others and their ability to mobilize and take advantage of our new digital asset-based economy will be available to them.
Some countries are more advanced and interfacing their digital networks already, and we will see movements in their economy never seen before.
These changes will affect our markets and our banking system. Volatility is expected and the rising and falling of companies will be determined by each one's preparedness for this moment in history.
© Goldilocks
https://cryptodaily.co.uk/2023/09/imf-fsb-release-synthesis-paper-policies-for-crypto-assets
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👆 If you are a crypto holder, you will want to read this white paper. This is a historical moment, and knowing the details of this white paper will be important.
The importance of knowing and understanding this particular white paper and article that I will not be posting the rest of the day unless it is vitally important.
© Goldilocks
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JackTheRippler ©️ on X
BREAKING: #G20Summit2023... UAE, Saudi, India and US to announce joint shipping, railway deal!
https://twitter.com/RippleXrpie/status/1700524736055238704?t=O3MoLYHXBs2RkEkixs-Cog&s=35
👆 Watch the water.
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Bank Lending is Drying Up, Leading to Recession
https://youtu.be/iRzhPE6k11I?feature=shared
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Goldilocks' Comments and Global Economic News for September 8th
Goldilocks' Comments and Global Economic News for September 8th
Good afternoon Dinar Recaps,
🇲🇽 Russian oil trader expands in Mexico
Lukoil's trading unit Litasco SA is launching operations in Mexico as the oil giant seeks new markets for Russian products under widespread sanctions.
Expansion into Mexico, which is the largest fuel importer in Latin America, will open up a new market for Russian fuel.
Although Mexico has only imported from Russia once since the Ukraine conflict began, Russian supplies are finding their way into other Latin American countries.
Brazil is importing record amounts of diesel fuel from the country. Argentina is also buying naphtha and diesel fuel.
Goldilocks' Comments and Global Economic News for September 8th
Good afternoon Dinar Recaps,
🇲🇽 Russian oil trader expands in Mexico
Lukoil's trading unit Litasco SA is launching operations in Mexico as the oil giant seeks new markets for Russian products under widespread sanctions.
Expansion into Mexico, which is the largest fuel importer in Latin America, will open up a new market for Russian fuel.
Although Mexico has only imported from Russia once since the Ukraine conflict began, Russian supplies are finding their way into other Latin American countries.
Brazil is importing record amounts of diesel fuel from the country. Argentina is also buying naphtha and diesel fuel.
If these efforts succeed, Russia could displace the US from its position as Mexico's primary fuel supplier. The US currently accounts for 90% of Mexico's gasoline and diesel imports.
https://twitter.com/MultiPolarMarkt
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What Is Pi Network? Launch Date & News | CoinCodex
https://coincodex.com/article/32026/pi-network-launch-date/
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🚨 RIPPLE & XRP HUGE MONTH GET READY 🚨 MUST KNOW INFO 🚨 WHY XRP IS A MUST HOLD
https://youtu.be/aqoUKSnbHnw?feature=shared
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"Nobody wanted to start BRICS... this happened because of our weaponization of the U.S. dollar and weaponization of our foreign policy.”
- Robert F. Kennedy Jr
Well said
Read: https://x.com/goldtelegraph_/status/1699991441622081701?s=46
~~~~~~~~~~
"Caroline Pham, one of the members of the Commodity Futures Trading Commission (CFTC) is recommending a time-limited CFTC pilot program to support the development of compliant digital asset markets and tokenization.”
Yes, the G20 recommendations on crypto clarity were due yesterday, and round table discussions began on crypto regulations.
After holding several discussions with the G20 group, Caroline said they should set up a "program for a specific period of time that incorporates many of the components drawn from past pilot programs, including registration and eligibility requirements, financial resources and other conditions, risk management, products and contract terms, and other requirements including disclosures and reporting.”
These monetary policy discussions will give us a groundwork for our new digital asset-based trading system going forward.
It remains uncertain how quickly the implementation of this new crypto clarity takes place due to laws still remaining in Congress needing to be passed.
© Goldilocks
https://www.coindesk.com/policy/2023/09/07/cftc-commissioner-pitches-pilot-program-for-us-crypto-regulation/
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The Bureau of Land Management (BLM) is introducing new oil and gas leasing restrictions that aim to raise royalty rates, tighten cleanup rules, and make it more difficult to nominate parcels for leasing on federal lands. These proposed rules align with the BLM’s efforts to prioritize conservation and recreation alongside extractive industries.
https://www.energyportal.eu/news/new-oil-and-gas-rules-would-raise-blm-royalties-in-colorado-and-across-nation-demand-land-protections/240104/
👆 Oil reforms are still in process...
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The FDIC is currently engaged in new rules and guidance for large Banks.
These rules are focusing on resolution planning points. We are in a period of time we talked about almost 2 years ago.
Look for banking failures that turn into consolidation opportunities for the larger Banks.
Even though the process has already began for some banks, "the proposed guidance will be published in the Federal Register, with comments due by November 30, 2023."
© Goldilocks
https://www.jdsupra.com/legalnews/fdic-fed-issue-new-rules-and-guidance-4013020/
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Federal Reserve Board - Agencies propose guidance to enhance resolution planning at large banks
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Remarks of CFTC Commissioner Caroline D. Pham Before the Cato Institute, Staying Ahead of the Curve: Crypto Regulation and Competitiveness | CFTC
https://www.cftc.gov/PressRoom/SpeechesTestimony/opapham9
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Banking Announcement:
Saudi Awwal Bank (SAB) has partnered up with UK fintech Wise to connect its customers with “fast, secure and cost-effective” remittance services.
https://www.fintechfutures.com/2023/09/saudi-awwal-bank-taps-wise-for-international-transfers/
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"The Financial Accounting Standards Board (FASB) is an independent nonprofit organization responsible for establishing accounting and financial reporting standards for companies and nonprofit organizations in the United States, following generally accepted accounting principles (GAAP)."
The FASB is calling for the establishment of real values in the cryptocurrency market.
The U.S. standard-setting organization for accounting is currently insisting that "companies use “fair-value” accounting to report their crypto holdings."
Price changes are coming...
© Goldilocks
https://www.investopedia.com/terms/f/fasb.asp
https://www.regulationasia.com/fasb-votes-to-adopt-new-crypto-accounting-standard/
Coin Desk Link
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Panic Has Begun... The Economic Ninja
https://www.youtube.com/watch?v=eeT5zl5P7HI
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11,000-Year Prison Term for Crypto Exchange Founder!
https://youtu.be/d99dmJqrcwk?feature=shared
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Goldilocks' Comments and Global Economic News for Thursday evening, September 7th
Goldilocks' Comments and Global Economic News for Thursday evening, September 7th
Good evening Dinar Recaps,
PMorgan Chase & Co. is in the early stages of exploring a blockchain-based digital deposit token for speeding up cross-border payments and settlement, according to a person familiar with the work.
Deposit tokens are transferable digital coins that represent a deposit claim against a commercial bank. Essentially, they are a digital version of the deposits that customers hold in their accounts.
Because transactions using these coins are processed on blockchain rails, settlement is instantaneous, and proponents of the novel form of money suggest they may make transactions cheaper as well.
Goldilocks' Comments and Global Economic News for Thursday evening, September 7th
Good evening Dinar Recaps,
PMorgan Chase & Co. is in the early stages of exploring a blockchain-based digital deposit token for speeding up cross-border payments and settlement, according to a person familiar with the work.
Deposit tokens are transferable digital coins that represent a deposit claim against a commercial bank. Essentially, they are a digital version of the deposits that customers hold in their accounts.
Because transactions using these coins are processed on blockchain rails, settlement is instantaneous, and proponents of the novel form of money suggest they may make transactions cheaper as well.
“Deposit tokens bring plenty of potential benefits, but we also appreciate that regulators would want to be thoughtful and diligent before any new product gets developed and used,” a JPMorgan spokesperson said in a statement.
“Should that appetite develop, our blockchain infrastructure would be able to support the launch of deposit tokens relatively quickly.” The bank has already piloted issuing deposit tokens in a single transaction last year as a part of the Monetary Authority of Singapore’s Project Guardian and highlighted the potential of this form of money in a recent study.
Read more: Wall Street Spots Blockchain Opportunities as Crypto Stumbles
https://headtopics.com/ca/jpmorgan-is-exploring-blockchain-based-deposit-token-for-payments-settlements-43830253
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💥 QFS HAS BEEN LEAKED 💥 THE TIME IS NOW 💥 XRP XLM XDC HBAR QNT & OTHERS
https://youtu.be/7vUP0txygOo?feature=shared
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Japan Financial Giant Confirms To Use XRP For International Remittance Services
https://thecryptobasic.com/2023/09/06/japan-financial-giant-confirms-to-use-xrp-for-international-remittance-services/
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Central banks added 55 tonnes to global gold reserves in July
55 loud and clear
@GoldTelegraph
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FYI:
Sam Oliver, Dee Grose, and Myself are a team, but Sam only posts in Dee's Economics Room.
© Goldilocks
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ALERT! FDIC White Washes Bank Q2 "Unrealized Losses" So You Don't PANIC!! Q3=BIG TROUBLE! (Bix Weir)
https://youtu.be/dkT6d-B_7GU?si=NauFvF_CfWEle_E6
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Manipulation in the precious metals sector favors the interests of the eastern world, ironically.
They are stockpiling.
The majority of them are the biggest producers.
Inevitably, they will seek to build a new system around it.
Remember, gold is a reserve asset globally.
Read: https://x.com/alexdeluce/status/1699862705266426105?s=46
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🔴 Fed Issues PRIVATE WARNINGS To Regional Banks Sounding Alarm On Liquidity Issues
https://youtu.be/gghTkZT7WYA?si=ZPzbQfPD_HTHWDtY
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Follow Goldilocks' Roadmap
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