Goldilocks' Comments and Global Economic News for September 30!th
Goldilocks' Comments and Global Economic News for September 30!th
~~Good afternoon Dinar Recaps,
BRICS Reviewing Global Payments System to Bypass US Dollar and Circumvent SWIFT: Report - The Daily Hodl
The global economic alliance known as BRICS is reportedly considering the launch of a global payments system that could sidestep the banking industry standard SWIFT....
* The BRICS alliance is considering the launch of a global payments system that could bypass SWIFT.
* The finance ministers of the BRICS countries will discuss the feasibility of a unified payments network at the next BRICS meeting.
* The network aims to boost independent efforts to create payment messaging systems within the BRICS countries.
Goldilocks' Comments and Global Economic News for September 30!th
~~Good afternoon Dinar Recaps,
BRICS Reviewing Global Payments System to Bypass US Dollar and Circumvent SWIFT: Report - The Daily Hodl
The global economic alliance known as BRICS is reportedly considering the launch of a global payments system that could sidestep the banking industry standard SWIFT....
* The BRICS alliance is considering the launch of a global payments system that could bypass SWIFT.
* The finance ministers of the BRICS countries will discuss the feasibility of a unified payments network at the next BRICS meeting.
* The network aims to boost independent efforts to create payment messaging systems within the BRICS countries.
* BRICS recently added Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the UAE to the group.
* Russia sees the future potential of BRICS as a way to reduce ties with the West and strengthen ties with the Southeast.
The sentiment of the article is generally positive, as it highlights the potential benefits of a global payments system for the BRICS alliance and their efforts to reduce reliance on the banking industry standard SWIFT.
Minmax AI News Link
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Blockchain-based payment network Stellar has launched an open-source disbursement platform for global payments. Stellar Launches Open-Source Platform for Global Payments...
* Stellar has launched an open-source disbursement platform called SDP for global payments.
* SDP aims to make digital payments faster, cheaper, and more transparent.It enables instantaneous financial transfers and real-time monitoring of payment distribution.
* SDP can be used for mass payouts, periodic payments, and converting digital currency into cash.
* Stellar's partnership with MoneyGram may continue despite the introduction of SDP.
The overall sentiment of the article is positive. It highlights the benefits of Stellar's SDP, such as faster and cheaper payments, as well as the potential for global adoption. The mention of the partnership with MoneyGram also suggests a positive outlook for the collaboration.
Minmax AI Link
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How Blockchain is Disrupting Cross-Border Payments...
* Blockchain-based payment networks are disrupting cross-border payments by improving speed, cost, and transparency.
Ripple and its XRP-powered On-Demand Liquidity product are leaders in this space, enabling banks to provide better cross-border payment experiences.
* The traditional correspondent banking system is slow, complex, and expensive, with settlement times stretching days or weeks and lack of visibility into fees charged.
* Blockchain enables transparent transfer of value between parties, using digital tokens as bridging assets between fiat currencies.
* Ripple's On-Demand Liquidity service eliminates the need for pre-funding international accounts and connects hundreds of banks and payment providers worldwide.
* Other trends in blockchain payments include PayPal enabling crypto funding sources, Visa's settlement coin, stablecoins like USDC, and the development of central bank digital currencies (CBDCs).
The article highlights the positive impact of blockchain on cross-border payments, emphasizing the improvements in speed, cost, and transparency. It also praises Ripple and its On-Demand Liquidity product as leaders in this space. Overall, the sentiment is optimistic and supportive of blockchain disruption in the payment industry.
Minmax AI Link
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Bitso integrates Stellar's Anchor Network, bridging traditional banking and blockchain for faster, cost-effective cross-border transactions....
* Bitso, a leading cryptocurrency exchange in Latin America, has partnered with Stellar Development Foundation to enhance the global payment corridor between Latin America and the rest of the world.
* The collaboration leverages Stellar's Anchor Network, which bridges the gap between the Stellar network and traditional banking systems, enabling seamless interoperability of global currencies on a single platform.
*Bitso's integration with the Anchor Network allows businesses worldwide to transact in USD Coin ($USDC) in Argentina, Colombia, and Mexico, where Bitso has direct connections to local banking systems.
* This development is a response to the growing trend of cross-border payments for international commerce and remittances.
* Bitso has processed $3.3 billion worth of transactions between Mexico and the U.S. and reported a 32% increase in total international transfers during the second half of 2022.
* Jeremy Allaire, Co-Founder, Chairman, and CEO of FinTech firm Circle, recognizes the Stellar-powered USDC as a swift, cost-effective Layer 1 solution for digital dollar payments worldwide.
The overall sentiment of the article is positive. It highlights the partnership between Bitso and Stellar Development Foundation to enhance global payments, emphasizing the potential of blockchain technology and crypto assets to improve settlement times and reduce costs.
Minmax AI Link
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"Project Mariana tested the cross-border trading and settlement of wholesale CBDCs. Successful trading and settlement of hypothetical euros, Singapore dollars and Swiss francs. DeFi elements tested in the project, specifically automated market makers, could form the basis for a new generation of financial market infrastructures."
It is important to keep in mind that this is wholesale CBDCs.
It is the retail CBDCs that is having a difficult time being passed through Congress.
Unless there is a solution for the privacy issue in retail CBDC, the adoption of CBDC for the retail market has a long way to go.
© Goldilocks
https://www.bis.org/about/bisih/topics/cbdc/mariana.htm
Outlook India Link
"Registered by Commission order on January 22, 2016. SwapEx LLC applied for temporary registration as a SEF on July 30, 2013, in order to trade interest rate swaps for which the CME will act as a DCO as well as FX NDF products that are not presently listed for clearing by a DCO. At the request of SwapEx LLC, the Commodity Futures Trading Commission issued an order that vacates the registration of SwapEx as a swap execution facility (SEF) effective September 30."
Currently, we have 26 Swap Execution Facilities + 4 that are dormant and can be used for Forex currency trades.
As of today, SwapEx is now available to do FX trades.
© Goldilocks
SwapEx Link
SwapEx ORDER OF VACATION
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Several Swap Execution Facilities (SEF) opened today for foreign currency exchanges. See link below.
And, we are now seeing some rates show up on conversion sites regarding XRP and XLM. Thank you Maria G for that info. See the link below.
XAU is a symbol used under the ISO 4217 currency standard to represent one troy ounce of gold.
© Goldilocks
https://x.com/_crypto_barbie/status/1708052863404909017?s=46
https://www.cftc.gov/PressRoom/PressReleases/8797-23
👇👇👇👇👇
Seems like #XRP and #XLM future worth has already been confirmed! XAU = ounce of gold Would be an XRP price of $17,297 and an XLM price of $7,112!
https://twitter.com/_crypto_barbie/status/1708052863404909017?s=46
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Abstract:
In this paper, we outline tokenization, which is a new and rapidly growing financial innovation in crypto-asset markets, and we discuss potential benefits and financial stability implications. Tokenization refers to the process of constructing digital representations (crypto tokens) for non-crypto assets (reference assets). As we discuss below, tokenizations create interconnections between the digital asset ecosystem and the traditional financial system. At sufficient scale, tokenized assets could transmit volatility from crypto asset markets to the markets for the crypto token's reference assets.
Federal Reserve Link
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Vietnam: Technical Assistance Report
Summary: This technical assistance (TA) report presents the outcomes of the scoping mission of a new TA project aimed at building capacity in macroeconomic analysis and forecasting in the Ministry of Planning and Investment (MPI). The MPI is establishing a Core Working Group (CWG) under MPI’s coordination that will carry out macroeconomic analysis using Macroeconomic Projection Tool (MPT) and integrate the results in the policy-making process.
Based on the mission’s findings and assessment, the mission team and the authorities agreed on a three-year TA action plan that includes training components during the early stage of the project. During Phase 1 (2023-24), the activities would focus on developing and operating the Macro-Framework Foundation Tool (MFT) and the Public Debt Dynamics Tool (DDT) to produce macroeconomic analysis and forecasting.
Depending on progress, the MPT could be enhanced during Phase 2 (2025-26) and the tentative plan is to develop Comprehensive Adaptive Expectation Model (CAEM). The CWG will take the lead in implementing the activities and targets identified in the TA action plan and will be supported by the IMF TA team.
IMF Link
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Joint Statement on the U.S.-UK Financial Regulatory Working Group
Discussions were held on each jurisdiction’s banking regulation, including resolution-related updates, with participants discussing the importance of implementing reforms consistent with Basel III, and of ongoing dialogue among international partners when implementing these reforms.
https://home.treasury.gov/news/press-releases/jy1773
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GOLD & BATTLE FOR CONTROL?
A tug-of-war for the CONTROL over #gold pricing is starting to play out.
The countries of the Eastern world have been amassing physical gold for numerous years, while the majority of Western nations continue to only add to their debt pile.
Last year, Russia's Finance Ministry said it was critical to create the new Moscow World Standard to normalize the functioning of the precious metals industry and have an alternative to the LBMA.
This week, we saw a surge in gold prices in China, leading to a record premium over international prices, exceeding $100 an ounce.
Read full article: https://x.com/goldtelegraph_/status/1708165335441125862?s=46
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Goldilocks posted a message from Isaac!
“But understand I do not have contacts….I have buyers the us treasury , dod , admiral , hsbc several big plataforma that I have signed contracts with all and they paid already for the inspection several times" Isaac
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Goldilocks posted a message from Bernie Bsherse,(Charitable Religious Trust),
"Isaac does not give clues.
Isaac gives cold, hard, dry facts.
It is established fact that Isaac is the owner of many types of Historic Bonds, and deals directly with the primary purchasers of the Bonds.
When Isaac knows that money has moved, he will tell us.
What Isaac will NOT do is speculate, and/or give mere hopium." Bernie
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This is why you hear me speak of us not going in to exchange until Isaac goes.☝
See above.
* Goldilocks
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In a historic move, the Senate Banking Committee on Wednesday approved a bill that would make it easier for banks to serve state-legal cannabis businesses, positioning the legislation for a potential vote in front of the full Senate.
https://www.bankingdive.com/news/cannabis-banking-bill-passes-senate-safer/694923/
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Goldilocks' Comments and Global Economic News Friday Evening 9-29-23
Goldilocks' Comments and Global Economic News Friday Evening 9-29-23
Good afternoon Dinar Recaps,
Liquidity is moving into the markets. The Digital Markets that is. As we wait for Protocol 19 to upgrade into Protocol 20 in and through the month of October, digital trading platforms are being liquidated for this transition.
"Traydstream is an innovative technology company that has built a powerful AI driven platform by Trade expert for trade experts."
Goldilocks' Comments and Global Economic News Friday Evening 9-29-23
Good afternoon Dinar Recaps,
Liquidity is moving into the markets. The Digital Markets that is. As we wait for Protocol 19 to upgrade into Protocol 20 in and through the month of October, digital trading platforms are being liquidated for this transition.
"Traydstream is an innovative technology company that has built a powerful AI driven platform by Trade expert for trade experts."
As the Old Financial System is replaced with a new AI driven set of trade mechanisms to form the new Digital Asset-based Trading System, developments will begin taking shape at a rapid pace in November into December changing the trading world as we know it.
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FTX’s $3.4B crypto liquidation: What it means for crypto markets
https://cointelegraph.com/news/ftx-crypto-liquidation-crypto-markets-solana-price
© Goldilocks
Crowd Fund Insider Link
Fintech Futures Link
https://traydstream.com/
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"It is time for banks to go digital-only. A concept gaining ground worldwide, digital banks offer all sorts of banking services and products through digital channels, without the need for physical branches. And now Bangladesh has jumped on the bandwagon."
https://www.tbsnews.net/supplement/digital-banks-dawn-new-era-708030
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U.S. Department of the Treasury, U.S. Department of Energy, IRS Announce Date for Opening of Applications for Investing in America Program to Spur Clean Energy Investments in Underserved Communities
U.S. Department of the Treasury Link
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U.S. Department of the Treasury, IRS Release Guidance to Lower Americans Utility Bills, Increase Energy Efficiency of Homes
U.S. Department of the Treasury Link
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How Fifth Third Bank Is Delivering on Digital Transformation
The Financial Brand Link
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BIS Calls for Robust Legal Frameworks to Enable CBDC Adoption
https://watcher.guru/news/bis-calls-for-robust-legal-frameworks-to-enable-cbdc-adoption
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FINI go-live date:
"Hong Kong Exchanges and Clearing Limited (HKEX) has confirmed 22 November 2023 as the go-live date for its new digitalised IPO settlement platform, Fast Interface for New Issuance (FINI)."
Digitized Introductory Public Offerings (IPOs) in the marketplace are going live November the 22nd of 2023 in Hong Kong.
It is a movement from T5 to T2 Trading. Remember, we are working on moving into T1, and then, instant payments globally inside the markets.
The digitization of the marketplace across all sectors will be able to utilize and bring in new assets with this new digital mechanism.
© Goldilocks
Asset Servicing Times Link 1
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Banking Announcement:
September 26, 2023, 5:30 AM CDT
The global payments platform MoneyGram announced on Tuesday that it’s launching a non-custodial wallet to help its users move funds between fiat currency and USDC, a stablecoin pegged to the U.S. dollar.
Fortune Link
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In the approaching government shutdown, third-party tracking apps will be tested during this time for accuracy.
"Without critical figures like the Labor Department’s monthly employment report and a key inflation gauge from the Commerce Department, data from private-sector sources will take the spotlight. New trackers of job openings and economic activity have emerged in recent years, and well-established ones have reinvented themselves to better answer ongoing questions in the economy."
These mechanisms will provide much-needed data for traders who are looking for up-to-date information on current trades.
If you have been noticing, several apps are beginning to include trade market assets and info on their digital platforms these days.
Everything is being upgraded to the new digital asset-based trading system.
© Goldilocks
Yahoo Finance Link
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Everything is being digitized, standardized, and supported by gold and other commodities inside the marketplace.
We are moving from a gold-backed economy to a gold-standard digitized economy.
© Goldilocks
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Looming U.S. Government Shutdown Expected to Disrupt Trade Activity
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Wall Street Need for Speed in Stocks Reshapes FX World
https://finance.yahoo.com/news/wall-street-speed-stocks-reshaping-110003225.html
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FOLKS: 🟢🟢🟢 Please pay EXTRA attention to what’s being posted by Goldilocks today and EVERYDAY. But I encourage you to read these posts especially TODAY ✅
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Could Citibank's Tokens Replace Bitcoin and the US Dollar? R. Kiyosaki Sparks Debate - Coinpedia Fintech News
Coinpedia Link
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Goldilocks' Comments and Global Economic News Thursday Evening 9-28-23
Goldilocks' Comments and Global Economic News Thursday Evening 9-28-23
Good evening Dinar Recaps,
I will be posting a little bit later this afternoon due to a prior commitment. I received a lot of good information this morning that I look forward to sharing with you.
© Goldilocks
Goldilocks' Comments and Global Economic News Thursday Evening 9-28-23
Good evening Dinar Recaps,
I will be posting a little bit later this afternoon due to a prior commitment. I received a lot of good information this morning that I look forward to sharing with you.
© Goldilocks
BREAKING NEWS
TRAFIGURA HAS SIGNED A $500 MILLION CREDIT FACILITY WITH THE SAUDI EXPORT-IMPORT BANK, INTENDED FOR THE PURCHASE OF NON-CRUDE OIL COMMODITIES LIKE GOLD AND COPPER FROM THE KINGDOM
This is one of the world's top commodities trading houses.
Here comes Saudi Arabia.
Read: https://x.com/goldtelegraph_/status/1707177345822654791?s=46
👆 Copper?
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Kraken Crypto Exchange to Launch Stock Trading
https://watcher.guru/news/kraken-crypto-exchange-to-launch-stock-trading
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IMF Executive Board Concludes 2023 Article IV Consultation with Vietnam
https://www.imf.org/en/News/Articles/2023/09/27/pr23325-vietnam-imf-exec-board-concludes-2023-art-iv-consult
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"Enacted in November 2021, the Infrastructure Investment and Jobs Act expanded Section 6045 of the Internal Revenue Code to require tax reporting by brokers of transactions involving the sale or exchange of digital assets.
Nearly two years later, on August 25, 2023, the IRS and Treasury Department promulgated proposed regulations that clarify and adjust the rules regarding the tax reporting of information by brokers, so that brokers for digital assets are subject to the same information reporting rules as brokers for securities and other financial instruments."
On October 30, 2023, the comments and rewrites to this legislative piece of the digital economy regarding taxes and reporting is expected to be done for the Infrastructure Investment and Jobs Act.
At that point, the Bipartisan Infrastructure Bill as it is commonly known moves toward final rules being drawn up, completed, and implemented.
© Goldilocks
https://www.dlapiper.com/en-ca/insights/publications/2023/09/irs-and-treasury-issue-proposed-regulations-outlining-new-digital-asset-reporting-regime
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Federal Reserve Releases Paper on Benefits of Tokenization of Real-World Assets - The Daily Hodl
https://dailyhodl.com/2023/09/25/federal-reserve-releases-paper-on-benefits-of-tokenization-of-real-world-assets/
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S&P 500 Equal Weight Index Dips into Red Year-to-Date. Shows Entire Market Depends on 8 Giants, but They’re Swooning Too | Wolf Street
https://wolfstreet.com/2023/09/27/the-sp-500-equal-weight-index-dips-into-red-year-to-date-shows-entire-market-depends-on-8-giants-but-theyre-swooning-too/
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Baghdad (IraqiNews.com) – "The Central Bank of Iraq (CBI) intends to limit all domestic trade transactions to the local currency starting next year."
I found another article letting us know that the Iraqi Dinar will go International early next year in domestic trade transactions.
They will use their local currency to make these trades around the world and the price pressures that come with it to increase demand for their currency will create authentic exchange rates.
Watch the water.
© Goldilocks
https://www.iraqinews.com/iraq/cbi-limits-domestic-trade-to-local-currency/.
Library.UCLA.Edu Link
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IMF Executive Board Concludes 2023 Article IV Consultation with Vietnam
https://www.imf.org/en/News/Articles/2023/09/27/pr23325-vietnam-imf-exec-board-concludes-2023-art-iv-consult
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BRICS: Top Oil Producer Ditches US Dollar, Accepts Only Local Currency
https://watcher.guru/news/brics-oil-producer-ditch-us-dollar-accept-local-currency
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BRICS Countries Dump $123 Billion in U.S. Treasuries in 2023
https://watcher.guru/news/brics-countries-dump-123-billion-in-u-s-treasuries-in-2023
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As you can see from today's postings, the
Infrastructure Investment and Jobs Act is still in progress.
This builds our country from the ground up and creates jobs. This will give us direction for a future and a road map for its achievement.
If you would like to follow these legislative bills, see the links below.
© Goldilocks
https://www.congress.gov/bill/118th-congress/senate-bill/695?q=%7B%22search%22%3A%22Infrastructure+Investment+and+Jobs+Act%22%7D&s=1&r=1
https://www.congress.gov/bill/118th-congress/house-bill/2694?q=%7B%22search%22%3A%22Infrastructure+Investment+and+Jobs+Act%22%7D&s=1&r=2
https://www.congress.gov/bill/118th-congress/senate-bill/843?q=%7B%22search%22%3A%22Infrastructure+Investment+and+Jobs+Act%22%7D&s=1&r=3
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Press Briefing by Julie Kozack, Director, Communications Department, IMF https://www.imf.org/
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Markets Looking to See if Budget Impasse Causes Govt. Shutdown - Ira's Metals Video 9 28 2023
https://youtu.be/bbzKNk1vlEc?feature=shared
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Goldilocks' Comments and Global Economic News Tuesday PM 9-26-23
Goldilocks' Comments and Global Economic News Tuesday PM 9-26-23
Good afternoon Dinar Recaps,
I have been trying to show you some real numbers and economic indicators that I look at every day in making trades. It is important to note that we are in recessionary values no matter what we are told on the news.
There is a silver lining in each of these readings. When building a new economy from the ground up, it is easier to measure progress. Things will change and turn around with real values added to all of our assets. Tokenized and standardized protocols backed by gold and other commodities will enable more accurate readings going forward.
Goldilocks' Comments and Global Economic News Tuesday PM 9-26-23
Good afternoon Dinar Recaps,
I have been trying to show you some real numbers and economic indicators that I look at every day in making trades. It is important to note that we are in recessionary values no matter what we are told on the news.
There is a silver lining in each of these readings. When building a new economy from the ground up, it is easier to measure progress. Things will change and turn around with real values added to all of our assets. Tokenized and standardized protocols backed by gold and other commodities will enable more accurate readings going forward.
Countries utilizing their own local currencies will level the playing field in value determinations in the sale of goods and services in the shipping ports.
And the movement of these goods and services onto the lands of which they arrive will bring forth new life with new values across the board in every sector of the market.
We have weathered many storms to get to this point. Hold on, we are getting there. The toughest waves are in front of us, but we are facing them only because of the force behind them that has helped us to reach this point.
Remember, we are in this together and will transition together. Never give up.
© Goldilocks
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"The House and Senate this week are staring down a Sept. 30 deadline to fund the government, with a shutdown becoming more and more likely as lawmakers remain unable to reach a deal on keeping the lights on in Washington beyond the end of the month."
https://thehill.com/homenews/house/4221267-congress-stares-down-shutdown-deadline/
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The Baltic Dry Index is a leading indicator of economic activity. Changes in this index show us supply and demand readings for important materials used in manufacturing.
As you can see, this indicator has taken a significant dive since 2021, and why I keep sharing with you to "watch the water."
An increase in trade around the world will make a significant difference in exchange rates due to demand for currencies around the world.
80% of our trades happen through shipping ports whose goods and services between countries create a movement of money.
Demand for currencies increases its value, and the move towards trading in local currencies around the world will increase the values of many currencies we hold.
© Goldilocks
https://tradingeconomics.com/commodity/baltic
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I have been trying to show you some real numbers and economic indicators that I look at every day in making trades.
It is important to note that we are in recessionary values no matter what we are told on the news.
There is a silver lining in each of these readings. When building a new economy from the ground up, it is easier to measure progress.
Things will change and turn around with real values added to all of our assets. Tokenized and standardized protocols backed by gold and other commodities will enable more accurate readings going forward.
Countries utilizing their own local currencies will level the playing field in value determinations in the sale of goods and services in the shipping ports.
And the movement of these goods and services onto the lands of which they arrive will bring forth new life with new values across the board in every sector of the market.
We have weathered many storms to get to this point. Hold on, we are getting there. The toughest waves are in front of us, but we are facing them only because of the force behind them that has helped us to reach this point.
Remember, we are in this together and will transition together. Never give up.
© Goldilocks
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Banking Announcements:
"The Financial Stability Board is developing recommendations to promote alignment and interoperability across data frameworks applicable to cross-border payments."
"World Economic Forum Paper Proposes Four Actions to Enhance Cross-Border Payments. The paper says improving regulatory interoperability can improve the efficiency, security and inclusiveness of cross-border payments, benefiting businesses and individuals."
"US, China Launch Economic and Financial Working Groups. The working groups will address some contentious issues, as well as areas of potential cooperation, such as climate change, global health, and financial stability."
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Get Ready For 'Markets Gone Wild' | Darius Dale
https://youtu.be/-q8hZiF8was?feature=shared
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USISPF to host a roundtable with MoPSW - India Shipping News
https://indiashippingnews.com/usispf-to-host-a-roundtable-with-mopsw/
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43% of India’s exports to EU to be hit by green regulations - India Shipping News
https://indiashippingnews.com/43-of-indias-exports-to-eu-to-be-hit-by-green-regulations
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Supply chain leaders focusing on inflation according to global report - India Shipping News
https://indiashippingnews.com/supply-chain-leaders-focusing-on-inflation-according-to-global-report/
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"An international consortium has successfully executed “the world’s first entirely digitalised cross-border movement of goods.”
Here we go. Say goodbye to paper documents and hello to the digitization movements of goods and services.
This successful digitalised shipment from the UK to Singapore marks the beginning of a new era.
This is the beginning of things to come in the new "digital asset-based trading system." Just know, we are embarking upon a new world of digitized trade.
As we grow in digitized trading mechanisms, this will begin to form price pressures in exchange rates inside the shipping ports trading in local currencies. This is just the beginning.
Watch the water.
© Goldilocks
https://www.logisticsmanager.com/consortium-makes-first-paperless-cross-border-shipment/
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Keys to Opportunity in the Housing Market, September 26, 2023
Agenda:
https://www.youtube.com/live/5eS9LRzUnCo?feature=shared
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Goldilocks' Comments and Global Economic News Tuesday AM September 26th
Goldilocks' Comments and Global Economic News Tuesday AM September 26th
Good morning Dinar Recaps,
Tanzania has started buying LOCAL #gold to bolster its foreign exchange reserves.
More and more countries are starting to do this.
Expect this to continue.
Goldilocks' Comments and Global Economic News Tuesday AM September 26th
Good morning Dinar Recaps,
Tanzania has started buying LOCAL #gold to bolster its foreign exchange reserves.
More and more countries are starting to do this.
Expect this to continue.
Read: https://x.com/goldtelegraph_/status/1706460993067651173?s=46
SILVER WARNING: SILVER SQUEEZE Is On Its Way - Andy Schectman
https://youtu.be/TlOJ8VXcgFk?feature=shared
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45% of US student loan borrowers expect to go delinquent when payments resume next month
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Starting the crash
https://youtu.be/yFEGvh0W2i4?feature=shared
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BIS Warning:
"the current build-up of leveraged short positions in US Treasury futures is a financial vulnerability worth monitoring because of the margin spirals it could potentially trigger."
👆 Liquidity issues are beginning to show up.
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UK banks/Basel 3.1: locals rule on international regulation | Financial Times
https://www.ft.com/content/92635e40-917d-4e63-8c82-5bf715bea2bc
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CBI Announcement:
Starting 2024: All dealings restricted to local currency in Iraq.
https://www.albawaba.com/business/starting-2024-all-dealings-restricted-local-currency-iraq-1535414
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"The $39 billion iShares 20+ Year Treasury Bond ETF (ticker TLT) has lost 48% from its 2020 all-time high and is trading at its lowest point since 2011, according to data compiled by Bloomberg."
https://www.bloomberg.com/news/articles/2023-09-25/long-treasury-etf-tlt-plunges-record-48-as-market-meltdown-worsens
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Goldilocks' Comments and Global Economic News for September 25th
Goldilocks' Comments and Global Economic News for September 25th
Good afternoon Dinar Recaps,
“CGI is an active member of the FedNow community and is working to onboard clients and empower them to deliver instant payment services to their customers at a pace that’s right for them.”
The Common Global Implementation (CGI) initiative has as its goal to service corporate and private foreign currency exchanges. CGI works to promote ISO20022 messaging service to move their 40% share of the market. Their work (CGI) with the FEDNOW services allows seamless transitions of payment services in cross-border International trading.
Goldilocks' Comments and Global Economic News for September 25th
Good afternoon Dinar Recaps,
“CGI is an active member of the FedNow community and is working to onboard clients and empower them to deliver instant payment services to their customers at a pace that’s right for them.”
The Common Global Implementation (CGI) initiative has as its goal to service corporate and private foreign currency exchanges. CGI works to promote ISO20022 messaging service to move their 40% share of the market. Their work (CGI) with the FEDNOW services allows seamless transitions of payment services in cross-border International trading.
© Goldilocks
Executive Biz Link
~~~~~~~~~~
"The public comment period on the BLM oil and gas leasing rule closes Friday"
When a public comment period of time closes on new rules being applied to any market sector, information is gathered to form final rules to be implemented.
This helps us to move forward with a more clear proposal leading to new laws taking place in the oil market.
The Bureau of Land Management now moves to some of their final stages of reforms in the oil sector. These new rules will give us guidelines to follow and help form a real value in the oil market.
© Goldilocks
KSUT Link
~~~~~~~~~~
Gold and Silver market sectors have a built-in market transition in play through Basel 3. We are still waiting for this to be completed. Timelines have been extended out.
It is the oil markets and green initiative formations of new guidelines and rules that have less clarity.
The oil markets are moving along well, it is finding the money to pay for green initiatives going forward with a laboring workforce that is a growing concern.
I am aware that trillions of dollars have already been spent by several countries around the world to kickstart our new green initiatives through green bonds. We have talked about this in a previous article.
Currently, this is a summary of where the supporting sectors of our economy are at the moment.
© Goldilocks
Structural Reforms to Accelerate Growth, Ease Policy Trade-offs, and Support the Green Transition
IMF Link
~~~~~~~~~~
The Equal Credit Opportunity Act: Ensuring Fairness and Equality in Real Estate Transactions
The Equal Credit Opportunity Act (ECOA) is a crucial piece of legislation that has been instrumental in ensuring fairness and equality in real estate transactions. Passed in 1974, the ECOA prohibits lenders from discriminating against credit applicants based on factors such as race, color, religion, national origin, sex, marital status, age, or receipt of public assistance. This landmark law has played a vital role in leveling the playing field for all individuals seeking credit, particularly in the realm of real estate transactions.
OffPlanPropertyExchange Link
~~~~~~~~~~
Congress:
U.S. Senate
Committee on Banking, Housing, and Urban Affairs
Hearing: Artificial Intelligence in Financial Services
September 20, 2023
The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Artificial Intelligence in Financial Services."
Hearing
Chair Brown Statement
~~~~~~~~~~
U.S. House of Representatives:
Committee on Financial Services
Markup of National Security, Privacy, & CBDC Legislation
September 20, 2023
The. U.S House Committee on Financial Services held a markup of legislation on national security, financial privacy, and the issuance of a central bank digital currency.
Markup
Chair McHenry Statement
~~~~~~~~~~
SEC approves ACEN Corporation’s ASEAN green bonds | Philippine News Agency
https://www.pna.gov.ph/articles/1183158
~~~~~~~~~~
Taking Treasury Bills Onchain with Martin Carrica
https://youtu.be/Num5sWoMJGI?feature=shared
~~~~~~~~~~
Al-Sudani: Implementation of the unified treasury account and electronic payment are among the most important measures of financial
~~~~~~~~~~
Global food inflation worsens
Domestic food price inflation remains high, with people in Venezuela, Lebanon, Argentina, Türkiye, and Zimbabwe particularly hard hit, according to the World Bank.
The most recently available monthly data show rates of increase above 5% in:
▪ 52.6% of low-income economies (vs. 63.2% in prior reading)
▪ 86% of lower-middle-income economies (vs. 79.5% prior)
▪ 64% of upper-middle-income economies (vs. 67% prior)
▪ 73.2% of high-income economies (vs. 78.9% prior)
In real terms, food price inflation exceeded overall inflation in 81% of the 162 countries for which data are available, according to the World Bank's latest updated food security report.
https://twitter.com/MultiPolarMarkt
~~~~~~~~~~
Evergrande has failed to meet the qualifications for issuing new notes under its debt restructuring plan.
Yikes.
Read: https://x.com/goldtelegraph_/status/1706339884485726278?s=46
~~~~~~~~~~
Ethereum has been disappointing since the Shanghai upgrade, Hong Kong to release Stablecoin Regulations
~~~~~~~~~~
When you take a look at the US Debt Clock, notice the new numbers added regarding it being a ratio based on 5 years.
Currently, gold and silver are at zero. Those are the numbers we want to see change.
We do have oil-to-solar ratios. This is good to see, yet we are still in oil reforms that could easily change those numbers.
Change is coming, and it looks like oil has a new ratio measuring mechanism.
© Goldilocks
https://www.usdebtclock.org/
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News for September 23rd
Goldilocks' Comments and Global Economic News for September 23rd
Good afternoon Dinar Recaps,
India to get billions of foreign investments
JPMorgan Chase & Co. will include Indian government bonds in its benchmark emerging-market index, a welcome development that could drive billions of foreign inflows to the nation’s debt market.
The decision is the latest sign of India's growing attractiveness to international investors, as the country's economic growth outpaces peers, its geopolitical influence grows, and companies including Apple Inc. look for alternatives to China.
Goldilocks' Comments and Global Economic News for September 23rd
Good afternoon Dinar Recaps,
India to get billions of foreign investments
JPMorgan Chase & Co. will include Indian government bonds in its benchmark emerging-market index, a welcome development that could drive billions of foreign inflows to the nation’s debt market.
The decision is the latest sign of India's growing attractiveness to international investors, as the country's economic growth outpaces peers, its geopolitical influence grows, and companies including Apple Inc. look for alternatives to China.
The index provider will add Indian securities to the JPMorgan Government Bond Index-Emerging Markets starting June 28, 2024. The South Asian nation will have a maximum weight of 10% on the index, according to a statement.
The move follows the Indian government's introduction in 2020 of bonds that can be wholly owned by foreigners, as well as moves to promote foreign portfolio investment.
~~~~~~~~~~
"About 93% of global central banks are exploring the possibility of having their own digital currencies.
Such central bank digital currencies could boost local-currency payments, and aid the de-dollarization drive, according to a paper by IMF staff."
Using local digital currencies instead of the dollar as the World Reserve Currency in trade will really escalate the move to a digital economy backed by gold and other commodities.
This is why Central Banks around the world have been buying so much gold for decades. The plan for this move has been going on for some time, and institutional moves like this creates changes to everything.
This is why I want to encourage you to do everything you can to not give up hope because the Global Currency Reset is inevitable.
You were drawn to this adventure for a reason. Please, realize it is more than just for your well-being. The abundance you receive, if managed well, has the potential to touch millions of lives. An undertaking on this magnitude is never done alone, you will be guided by forces of nature in Heaven and on Earth to create paths you've never seen before.
Enjoy your weekend and know you have become a part of something really great. The greatness that chose you to participate in this journey knows you can fulfill the purpose for which you were born.
There has never been a greater time to live on this Earth creating a window of opportunity between angelic forces and our Creator guiding us and reminding us who we really are.
This is an evolutionary benchmark for humanity to become more fully what we are capable of going forward. It is a test that we must pass. For those who have made it this far, may you express and experience the desire to become what we were made from - LOVE.
© Goldilocks
Business Insider Link
~~~~~~~~~~
Iraqi PM delivers speech at UN General Assembly
~~~~~~~~~~
"Emerging markets drive global crypto adoption out of necessity, not speculation" - Chainalysis
Our move from a gold-backed economy to a gold-standard economy would not have been possible without a digital economic protocol. It gives every country around the world the opportunity to stand on equal footing.
We are at a crossroads in history, and the mere survival of the human race depends on the choices we make going forward. The road ahead not only challenges us to survive, but it challenges us to thrive in working together for the good of all. From me to we is the challenge, and we must succeed in it.
This new Financial System will enable a Level Playing in trade and local opportunities will flourish because of it.
It captures the minds and hearts of the young and old in creative ways never seen before, and it will enable full participation of the gifts and talents of many generations to come.
This new economic endeavor has the capacity to change the world in a way never thought possible through full participation and collective efforts of minds across the globe engaged in forging a path into the world that was once done by a few.
We are true pioneers on this journey and collectively involve more of the human race because of it. This movement will require faith, hope, and love to achieve our greatest potential.
It is time for us to join hands as brothers and sisters in a great transfer of wealth that will provide an opportunity for each person to participate.
The Age of Creativity is here.
© Goldilocks
~~~~~~~~~~
Billion-Dollar Bank Terminating Cash Transactions in All Branches in Abrupt Shift to Digital-Only Era
~~~~~~~~~~
Trading Announcement:
"The Electronic Trade Documents Act (“the Act”) comes into force today in the United Kingdom, giving legal recognition in English law to electronic trade documents, including electronic bills of lading."
https://www.hellenicshippingnews.com/ig-statement-the-uk-electronic-trading-act-comes-into-force-today/
~~~~~~~~~~
Press release distribution, EDGAR filing, XBRL, regulatory filings | Business Wire
SAN MATEO, Calif.--(BUSINESS WIRE)--"Franklin Templeton continues to grow its active fixed income exchange-traded fund (ETF) lineup with today’s launch of Western Asset Bond ETF on Nasdaq under the ticker WABF. WABF is actively managed by Western Asset, a leading fixed income manager and specialist investment manager of Franklin Templeton."
Do you see it? Our assets on the old Financial System are being tokenized and offered.
The world is changing my friends and transforming itself into a new world.
© Goldilocks
Business Wire Link
~~~~~~~~~~
"Today, the European Chips Act enters into force. It puts in place a comprehensive set of measures to ensure the EU’s security of supply, resilience, and technological leadership in semiconductor technologies and applications."
https://europeansting.com/2023/09/21/digital-sovereignty-european-chips-act-enters-into-force-today/
~~~~~~~~~~
CRYPTO NEWS from around the world:
New Ethereum Test Network
Ethereum developers launched a new test network, ‘Holesky’, that will improve the blockchain’s testing capability. The testnet should have 1.4 million validators, double the 700,000 on its mainnet, to help address scalability problems.
South Koreans Declare Over US$98 Billion in Crypto Assets
South Korea’s tax agency announced that taxpayers have declared overseas cryptocurrency assets worth US$98.5 billion following the introduction of mandatory reporting requirements — a steep rise from the previous year’s figures.
PayPal Launches Crypto Off-Ramp
PayPal has added to its crypto product suite with the launch of a new off-ramp service to convert crypto tokens to US dollars directly from wallets into PayPal accounts. PayPal has also made its stablecoin, PYUSD, available on Venmo – with Venmo users now able to send PYUSD to friends and family to compatible external wallets, such as with Crypto.com.
SWIFT CBDC Project
SWIFT announced that three other central banks, including the Hong Kong Monetary Authority and the Central Bank of Kazakhstan, have joined the beta phase of its central bank digital currency (CBDC) interoperability project. It has also entered a new phase of sandbox testing.
Meta’s Metaworld Game
Meta CEO Mark Zuckerberg announced in a Sept. 15 blog post that Meta has started rolling out its first Metaverse game to mobile and web in an early-access state. The only experience available now is Super Rumble, a free-for-all shooter.
Coin Telegraph Link
Coin Desk Link
https://decrypt.co/156008/paypal-launches-crypto-to-usd-off-ramps
https://www.meta.com/en-gb/blog/quest/horizon-worlds-web-mobile-social-vr-free/
~~~~~~~~~~
Citi launches token service for institutional clients
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News for September 22nd
Goldilocks' Comments and Global Economic News for September 22nd
Good afternoon Dinar Recaps,
"FIX’s new workflow and messaging standards will drive significant improvements to post-trade operational inefficiencies by closing the existing communication gap and enabling near real-time updates on securities settlement status for end clients."
The SEC has given the FedNow messaging service to a company same-day trades the green light to move forward.
Goldilocks' Comments and Global Economic News for September 22nd
Good afternoon Dinar Recaps,
"FIX’s new workflow and messaging standards will drive significant improvements to post-trade operational inefficiencies by closing the existing communication gap and enabling near real-time updates on securities settlement status for end clients."
The SEC has given the FedNow messaging service to a company same-day trades the green light to move forward.
Over 70 countries including the US are already utilizing the ISO20022 messaging system. The FedNow System is the payment system for the United States. The FedNow service is currently optional for the bank system to utilize in the US.
Both messaging systems will be allowed for Cross Border International Trading. These messaging services help in clarifying trades, especially in the foreign currency markets of Forex.
The entities currently using ISO20022 are the following: Austria, NACHA/IFX Forum, Canada, Netherlands, China, nexo standards, Denmark, Singapore, Finland, South Africa, France, Sweden, Germany, SWIFT, Japan, Switzerland, Korea, United States, MasterCard, and VISA.
© Goldilocks
Global Custodian Link
https://www.iso20022.org/cards-seg-member-list
~~~~~~~~~~
"Beginning October 1, European Union importers will be required to report on the amount of carbon emissions embedded in their products. Beginning in January 2026, they will have to begin paying for that carbon."
This program is intended to reduce carbon emissions and move countries and people over to electronic vehicles. If you choose to keep carbon-emission fossil fuel vehicles, it will have a cost.
© Goldilocks
247 Wall St Link 1
247 Wall St Link 2
~~~~~~~~~
When two countries peg their currencies together, it increases confidence, promotes trade volumes, and it boosts the economy.
This is exactly what the United States and Iraq are currently discussing. Money flow between these two countries will increase demand and value for one another's currencies.
© Goldilocks .
WordPress Link
Investopedia Link
~~~~~~~~~~
Hedge fund demand for US Treasuries seen rising amid higher bond supply
~~~~~~~~~~
Asset servicing latest news | DTCC releases a new T+1 scorecard for CTM community
~~~~~~~~~~
Beyond the Hype: What Will Happen to Ripple (XRP) Price on September 29th?
~~~~~~~~~~
Cross-Border Payment Service Market 2023 Trends with Analysis on Key Players Western, Union, Paypal, Google, Checout, Worldpay, Ecopayz, Skill, MoneyGram, Gspay, Paysafecard, Payoneer, Eway, Paymate
~~~~~~~~~~
Are you noticing all of these Quantum Technologies joining together their digital networks?
~~~~~~~~~~
Demand for Existing Homes Falters Further. Price Cuts, Days on Market, New Listings Rise. Prices Languish below 2022 Peak
~~~~~~~~~~
I have spoken about this before in this room, but I want to share with you the concept one more time.
When you see gold and the dollar decouple from one another and begin rising in value together, it will be because of uncontrollable inflation.
There will be a point of which the dollar will be unaffordable for trade. At that time, the movement into a monetary system backed by real values supported by gold will come into play.
Watch the water.
© Goldilocks
~~~~~~~~~~
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Goldilocks' Comments and Global Economic Evening News for September 21st
Goldilocks' Comments and Global Economic Evening News for September 21st
Good afternoon Dinar Recaps,
We currently have a bloodbath phase going on in the bond markets. Once this phase is over, everything is expected to move to the upside.
Market cycles are cyclical by nature and there are normal legs up and legs down in them.
Although stocks and the commodity markets will have their ups and downs, we are approaching a long-term bull market in gold. Some say we are already in it, but I would like to see it reach 3,000 an ounce before I will make that claim.
Goldilocks' Comments and Global Economic Evening News for September 21st
Good afternoon Dinar Recaps,
We currently have a bloodbath phase going on in the bond markets. Once this phase is over, everything is expected to move to the upside.
Market cycles are cyclical by nature and there are normal legs up and legs down in them.
Although stocks and the commodity markets will have their ups and downs, we are approaching a long-term bull market in gold. Some say we are already in it, but I would like to see it reach 3,000 an ounce before I will make that claim.
As the cyclical trends in gold move into long-term gold cycles inside a bull market, we will be well on our way to Major shifts taking place in our economy towards a gold standard. As we discussed a few days ago, we will be going to a very volatile period of time to get where we want to be.
© Goldilocks
Mining Gold Link
Bullion By Post
~~~~~~~~~~
"Real-time payments software provider ACI Worldwide has partnered with Microsoft to facilitate instant payments via ACI’s Real-Time Payments Cloud (RTPC) platform."
Investor Link
~~~~~~~~~~
BRICS: "India & UAE Continue Ditching USD in Landmark Oil Deal"
This is why Forex is changing many of their foreign currency mechanisms in trade we talked about yesterday.
Countries around the world are beginning to utilize their own currencies and backing it by gold going forward.
The movement from a fiat system to a system based on real values is coming into light.
For the next 6 weeks we are working to achieve this end through converting old traditional assets into new tokenized assets backed by commodities. As they are switched out on the Financial System, new values will begin to formulate news price patterns.
© Goldilocks
https://watcher.guru/news/brics-india-uae-continue-ditching-usd-in-landmark-oil-deal
~~~~~~~~~~
CGI certified to support instant payments on the new nationwide FedNow® Service
PR News Wire Link
~~~~~~~~~~
Temenos Payments Hub launches on IBM Cloud to enhance security for banks
IBS Intelligence Link
~~~~~~~~~~
Digital Market Announcement:
CFTC’S MESSAGE TO DEFI PLATFORMS: REGISTER WITH THE CFTC OR LEAVE THE US MARKET—OR RISK ENFORCEMENT
Morgan Lewis Link
~~~~~~~~~~
Inflation or Recession? CEOs Will Decide Next Month
~~~~~~~~~~
The UN chief summons world leaders to action. But, he says, they seem 'incapable of coming together'
~~~~~~~~~~
What US Basel Endgame Means Outside of the United States
~~~~~~~~~~
House Committee Passes Bill to Ban FED from Creating a CBDC
https://watcher.guru/news/house-committee-passes-bill-to-ban-fed-from-creating-a-cbdc
~~~~~~~~~~
Nearly 70 countries sign historic UN treaty to protect high seas
Finance 24 Link
~~~~~~~~~~
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Goldilocks' Comments and Global Economic Evening News for September 20th
Goldilocks' Comments and Global Economic Evening News for September 20th
Good evening Dinar Recaps,
Several Quantum Technologies are interfacing today. The digital networks around the world are beginning to connect with one another for trade and payment systems.
This is an important day in history as Protocol 20 is tested for the next 6 weeks. Votes will be taken on the success of each Network interface and more from around the world.
Goldilocks' Comments and Global Economic Evening News for September 20th
Good evening Dinar Recaps,
Several Quantum Technologies are interfacing today. The digital networks around the world are beginning to connect with one another for trade and payment systems.
This is an important day in history as Protocol 20 is tested for the next 6 weeks. Votes will be taken on the success of each Network interface and more from around the world.
The first link I am going to share with you is a dashboard, so you can follow the process of Protocol 20 as it comes online this morning. The other links share companies linking together today from around the world. The world as we know it is changing.
© Goldilocks
Stellar Dashboard Link
Air Cargo News Link
Trade Finance Global Link
Post and Parcel Link
Trade Finance Global Link 2
The Paypers Link
~~~~~~~~~~
UST IN: Apple explores launching built-in stock trading on iPhones.
@WatcherGuru
~~~~~~~~~~
We are going to see several announcements going forward regarding Quantum Technologies joining together in ways they have never done so before.
Global Companies will be able to join digital networks allowing them to exchange goods and services and money at the push of a button within seconds.
My understanding is that Protocol 20 is up and running, and the test net portion of it will begin at 10:00 a.m. CST.
© Goldilocks
The Federal Reserve (FED) recently disclosed the launch of its dedicated instant payments division within the FedNow system. This revelation has sparked considerable interest in the financial markets, as it appears that an official report has highlighted the importance of Ripple crypto (XRP) in the context of instant payments.
https://en.cryptonomist.ch/2023/09/19/fed-role-ripple-xrp-crypto-instant-payments/
~~~~~~~~~~
Broadridge has announced the immediate availability of its connectivity to Swift’s API for Transaction Screening Service, and also for Swift’s newly launched Securities View service.
According to Broadridge, financial firms and corporate treasuries will be able to optimise sanctions compliance and transform their oversight and tracking of the securities lifecycle.
Electronic Payments International Link
https://www.broadridge.com/
~~~~~~~~~~
DTCC, Clearstream, Euroclear Call For Industry Cooperation To Support Digital Asset Ecosystem
~~~~~~~~~~
"The iron law in the trillion-dollar FX swaps market has broken. What now?"
Supply and demand for the dollar is fluctuating. In some cases, foreign currency exchanges on the Forex swap Market have broken down.
New demands are forming for other currencies around the world, and new electronic mechanism adjustments are underway for new price patterns going forward.
The Forex Market is growing rapidly. Foreign currency exchanges will form new price patterns going forward.
At this time, we are witnessing the merging of assets being tokenized and supported by commodities. It is a process moving through the financial system as we speak, but the timing of it's completion will be revealed in time.
Watch the process of Protocol 20, new Basel 3 requirements for banks, repricing event for the commodity Market, and adjustments to the new digital-asset-based trading system.
© Goldilocks
Retail Banker International Link
Survey: Banks Prioritize Compliance When Vetting Fintech Partners
~~~~~~~~~~
Digital Dollar Bill Resurfaces in Congress
~~~~~~~~~~
The new QFS requires assets to have real values, so it can measure outcomes with accuracy.
This is what will create the speed we are looking for in the new digital economy.
Real values support operability, speed, and accuracy.
The Global Currency Reset is underway, but it is a process and not a push of a button.
The time to pay closer attention to our investments is now, but it will not happen all in one day until the day it is finished.
© Goldilocks
The new QFS requires assets to have real values, so it can measure outcomes with accuracy.
This is what will create the speed we are looking for in the new digital economy.
Real values support operability, speed, and accuracy.
The Global Currency Reset is underway, but it is a process and not a push of a button.
The time to pay closer attention to our investments is now, but it will not happen all in one day until the day it is finished.
© Goldilocks
Sibos 2023: You can’t manage what you can’t measure – the role operational data will play in the successful transition to T+1
FinTech Futures Link
Sibos 2023: The era of instant payments - global banks must turn to the latest technology - FinTech Futures
~~~~~~~~~~
Another warning on US Treasury market instability
The Bank for International Settlements (BIS) has warned that the $22 trillion US Treasury market could be headed for another episode of major turbulence because of highly leveraged hedge fund bets.
“Speculative positions by leveraged investors are back,” it said. Bets by hedge funds were creating conditions similar to those that led to turbulence in September 2019 and a major crisis in March 2020.
https://www.wsws.org/en/articles/2023/09/20/cjiz-s20.html
~~~~~~~~~~
The FOMC meeting is today.
If we do not see a rate hike today, it could signal weakness in the market to people who invest in it.
There are many factors besides this one, but the decision made today is a big one.
Let's see what happens.
Let the volatility begin.
© Goldilocks
~~~~~~~~~~
WHAT’S UP
Fed Decision Looms Large; Largest Crypto Loiters
Bitcoin stood in the place where it was ($27K) heading into a Wednesday morning shrouded in ambiguity over what Federal Reserve Chair Jerome Powell may or may not convey to the market regarding rates.
Seeking to deftly thread a macro policy needle, Powell takes center stage at 2 p.m. (EST).
What seems certain (already priced in) is that the Fed Open Market Committee leaves rates unchanged. This pending potential pause has been telegraphed. Beyond that, traders will hang on every word of Powell's “summary of economic projections,” one king-hell mother of a monologue that just might contain some vital clues as to whether the central bank intends to do any more hiking this year.
Volatility is anticipated throughout the day. As of 7:56 a.m. (EST), BTC was $27,076, according to CoinGecko.
Large coins are flat for now. Ethereum held steady at $1,600. XRP gained 1% to $0.51.
Kaspa and Maker each gained 2%.
© Uphold-Unboxed
No interest rate change today.
The markets went down today initially when that was announced at the FOMC meeting, but they have climbed back up.
Did someone say that volatility would happen before money is injected into the economy?
Look at the timing when remarks were made for no interest rate hike. Notice how it coincided with the markets falling before they were injected with new liquidity to move back up.
© Goldilocks
USA Today Link
~~~~~~~~~~
House Committee Passes Bill to Ban FED from Creating a CBDC
https://watcher.guru/news/house-committee-passes-bill-to-ban-fed-from-creating-a-cbdc
~~~~~~~~~~
FOMC Press Conference September 20, 2023
https://www.youtube.com/live/wjgB9PjQt6Q?feature=shared
~~~~~~~~~~
SEC Approves Revised Privacy Act Rule
FOR IMMEDIATE RELEASE
2023-189
Washington D.C., Sept. 20, 2023 —
The Securities and Exchange Commission today approved a rule to revise the Commission’s regulations under the Privacy Act, which is the principal law governing the handling of personal information in the federal government.
The final rule clarifies, updates, and streamlines the Commission’s Privacy Act regulations. In addition, the final rule revises procedural and fee provisions and eliminates unnecessary provisions. The final rule also allows for electronic methods to verify one’s identity and submit Privacy Act requests.
“I was pleased to support this adoption because it will update the Commission’s rules with respect to this important law,” said SEC Chair Gary Gensler. “These amendments will provide more clarity on how the public can access their records maintained by the Commission and request amendments.”
The Commission last updated its Privacy Act rules in 2011. The revisions approved today will codify current practices for processing requests made by the public under the Privacy Act. This provides greater clarity regarding the Commission’s process for how individuals can access information pertaining to themselves.
Due to the scope of the revisions, the final rule replaces the Commission’s current Privacy Act regulations in their entirety.
The final rule is published on SEC.gov and will be published in the Federal Register. The final rule becomes effective 30 days after publication in the Federal Register.
###
https://www.sec.gov/news/press-release/2023-189
~~~~~~~~~~
PayPal rolls out PY USD stablecoin to Venmo users 💥
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Goldilocks' Comments and Global Economic Evening News for September 19th
Goldilocks' Comments and Global Economic Evening News for September 19th
Good evening Dinar Recaps,
Edit this: Mining legend Frank Giustra commented on the US dollar:
"You got to think about these new mechanisms for settlement on trade, and that's where I think it's going to be chipping away at the value of the dollar.”
100%
Countries globally are starting to trade using their local currencies; this is very important to members of BRICS.
As they develop their central bank digital currencies, they are also accumulating gold.
This is what transformation looks like.
Goldilocks' Comments and Global Economic Evening News for September 19th
Good evening Dinar Recaps,
Edit this: Mining legend Frank Giustra commented on the US dollar:
"You got to think about these new mechanisms for settlement on trade, and that's where I think it's going to be chipping away at the value of the dollar.”
100%
Countries globally are starting to trade using their local currencies; this is very important to members of BRICS.
As they develop their central bank digital currencies, they are also accumulating gold.
This is what transformation looks like.
Read: https://x.com/goldtelegraph_/status/1704173357942591877?s=46
~~~~~~~~~~
Citi launches token service for institutional clients
The service uses blockchain technology to convert clients’ deposits into digital tokens that can be used for instant cross-border payments 24/7, the bank said.
BankingDive Link
~~~~~~~~~~
Based on the decision of the Board of Directors of this bank No. (151) of 2023, approval was obtained to renew the license granted to Yanah Banking and Electronic Services Company based on the provisions of Article (7/Second) of the Electronic Money Payment Services System No. (3) of 2014, provided that its provisions, instructions and controls are adhered to. issued by this bank.
https://cbi.iq/news/view/2418
~~~~~~~~~~
🔴 China Dumps U.S. Treasuries To Buy RECORD Amounts Of Gold As The U.S. Dollar Outlook Weakens
https://youtu.be/T5-x4Q7u5H8?feature=shared
~~~~~~~~~~
Prepare for #Stellar’s Protocol 20 upgrade! It’s the biggest one yet, introducing Soroban smart contracts.
Things to know:
1. Testnet upgrade on Sep 20, 1500 UTC
2. Update Stellar-related software
3. Stay updated in the (#protocol-20) discord channel
4. Go here for more info… Show more
3:06 PM · Sep 18, 2023
https://stellar.org/blog/developers/protocol-20-upgrade-guide
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According to the official announcement, the testnet will upgrade on September 20 at 15:00 UTC to release newer updates of Stellar Core and Horizon, the infrastructure of the Stellar network.
Stellar validators will open upgrade votes for six weeks once the testnet upgrade reaches ideal output. The testnet release of the Protocol 20 upgrade will track and trace network performance with the implementation of Soroban smart contracts.
Soroban is a smart contract infrastructure built on top of Stellar. It advances the Stellar network’s capabilities by enabling an ecosystem of decentralized applications.
“Because the Protocol 20 upgrade introduces new network settings that validators control, it is also likely that the initial upgrade vote will be followed by a series of additional votes to adjust those settings,” said the blog post.
The Stellar Foundation has increased its development efforts to sustain itself in the highly competitive blockchain space. It recently onboarded British actor Idris Elba to advertise Stellar blockchain network.
Stellar To Support Soroban Smart Contracts With Protocol 20 Upgrade
https://www.cryptotimes.io/stellar-to-support-soroban-smart-contracts-with-protocol-20-upgrade/
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The Global Markets are about to get volatile due to inflated assets and an uncontrollable debt ceiling. This is why capital requirements are being adjusted to test the new Basel 3 banking system.
At the same time, we have tokenized assets onboarding onto the new digital trading system being tested.
These new tokenized assets will be tested and interfaced on the Stellar Network for the next 6 weeks.
The banking system has until the end of November to complete their Basel 3 testing and period for comments on improvements.
The transition into our new digital economy in the banking system and the market system supported by commodities is about to begin.
For more on Protocol 20, see the articles below.
© Goldilocks
https://cryptosaurus.tech/stellar-xlm-is-ready-for-its-biggest-protocol-upgrade-details/
https://www.newsbtc.com/news/stellar/stellar-to-release-protocol-20-testnet-upgrade-will-xlm-rally/
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