Economics, Goldilocks, News DINARRECAPS8 Economics, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Wednesday Evening 10-25-23

Goldilocks' Comments and Global Economic News Wednesday Evening 10-25-23

Good evening Dinar Recaps,

Bank Announcement:   World Bank issues first English Law DNN

The first Digitally Native Note (DNN) has been issued under English Law via Euroclear’s Digital Financial Market Infrastructure (D-FMI). This marks the launch of Euroclear’s digital ledger technology (DLT)-powered Digital Securities Issuance (D-SI) service.

Goldilocks' Comments and Global Economic News Wednesday Evening 10-25-23

Good evening Dinar Recaps,

Bank Announcement:   World Bank issues first English Law DNN

The first Digitally Native Note (DNN) has been issued under English Law via Euroclear’s Digital Financial Market Infrastructure (D-FMI). This marks the launch of Euroclear’s digital ledger technology (DLT)-powered Digital Securities Issuance (D-SI) service.

The €100 million DNN was issued by the World Bank — International Bank for Reconstruction and Development (IBRD) to support its sustainable development activities and was listed on the Luxembourg Stock Exchange. Citi Issuer Services served as issuing and paying agent, TD Securities as dealer, and Euroclear Bank as issuer central securities depository. Corda, R3’s DLT platform, underpinned the issuance.

Euroclear’s D-FMI is connected to the firm’s traditional settlement platform for secondary market operations on the DNN, allowing investors to access trading venues and liquidity management facilities. It enables the creation and settlement of DNNs on a T+0 basis, which Citi says is a step towards a fully digital end-to-end transaction lifecycle for bonds.
AssetServicingTimes Link

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Banking Announcements:

Asia Braces for Wave of AI Regulations. The EU AI Act is likely to have far-reaching consequences for Asia, data experts tell Regulation Asia.  


https://www.regulationasia.com/feature-asia-braces-for-wave-of-ai-regulations/

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Consumer Financial Protection Board Announcement:

On October 19, 2023, the Consumer Financial Protection Board (“CFPB”) released a proposed rule that, if enacted, would grant consumers greater access rights to the data their financial institutions hold. Under the proposed Personal Financial Data Rights Rule, bank customers nationwide would have privacy rights similar to what is afforded under the dozen state privacy laws that have been enacted in recent years.  Comments on the Proposed Rule are due on or before December 29th of this year, while the Proposed Rule would likely go into effect in the fall of 2024.
ConsumerFinanceMonitor Link

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Shipping Port Announcements:

SINGAPORE, Oct 23 (Reuters) - Singapore's Maritime and Port Authority (MPA) will launch a digital bunkering initiative on Nov. 1, making the city-state the first port in the world to use electronic bunker fuel delivery notes, the MPA said on Monday.

The digital notes will replace physical documents containing information on fuel oil deliveries. Under the initiative, fuel suppliers, ship owners, operators and crew will be encouraged to use mobile and cloud-based applications approved by the MPA to complete and issue bunkering documents.
HellenicShippingNews Link
Reuters Link

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Europe is clearly racing ahead to establish cryptocurrency clarity regulation, a digital ledger transmission system for their tokenized assets, and more.

On November 1st, 2023, we will have our first shipping port to set sail into the digital transaction shipping exchange process for payments in Singapore.

Consumer privacy in the new digital economy has been proposed, and AI is beginning to make waves inside the new Financial System in Asia.

A lot is going on to bring the new Quantum Technologies together through decentralized networks enabling a new Web 3-based economic system.

And, T+0 settlements are currently in the making of being achieved. This enables instant payment systems to transact in just seconds

We have come a long way in a short period of time. Look to see more progress happen even faster as we go along. We are, after all, in a new digital age.

© Goldilocks
AssetServicingTimes Link
RegulationAsia Link
ConsumerFinanceMonitor Link
Reuters Link
HellenicShippingNews Link

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Grayscale Investments® Unveils Grayscale® Crypto Sectors
GlobeNewswire Link

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There are many opportunities that are beginning to make themselves known in this new digital age we are living in.

Digital creative opportunities are offering people opportunities they would not have had apart from this new current movement that is taking place known to many as the Fourth Industrial Revolution.

Jobs are now being created for those willing to work in AI fields and more. It is true that many of our traditional jobs have been taken away because of AI, but new technological forces are coming into play that are opening up opportunities based on a person's experience more so than educational degrees a person holds.

This is not to say that degrees are no longer valid. It's just that the new digital economy is leveling the playing field in opportunities going forward for those capable of making the transition into the new digital age.

We are rapidly becoming pioneers inside a new creative lifestyle that will bring forth what is highest in us to forge new paths never seen before.

© Goldilocks

https://www.cato.org/publications/globalization-growing-global-equality

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The BRICS Nations are beginning to gain momentum over the dollar through leveling the playing field with gold inside a new digital economy.

This new Financial System will enable them to create a local currency trading system at a value equal to the dollar going forward.

© Goldilocks
CryptoRank Link

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The IRS crackdown on high-end taxpayers is already raking in millions in back taxes --- here's how much

Morningstar Link

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Digital yuan used to settle crude oil trade for Chinese oil company: Report

https://www.blockworks.co/news/china-digital-yuan-oil

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How data sharing could change under CFPB's proposed new rules

American Banker Link

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Tokenize This: Keynote Speaker Onyx by J.P. Morgan with Keerthi Moudgal

https://youtu.be/j-Rmo60v_pY?feature=shared

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Hoping for a bloodbath in stocks

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

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"IMF Staff Concludes Staff Visit to Zimbabwe"

The IMF has completed their mission on Article 4 with Zimbabwe. They have seen steady growth since the Covid-19 pandemic and encourages them to move forward with "strong economic reforms."

© Goldilocks

IMF Link

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Economics, Goldilocks, News DINARRECAPS8 Economics, Goldilocks, News DINARRECAPS8

 Goldilocks' Comments and Global Economic News Wednesday Afternoon 10-25-23

 Goldilocks' Comments and Global Economic News Wednesday Afternoon 10-25-23

Good morning Dinar Recaps,

FED Chair Powell Speaks Wednesday Afternoon at 3:35PM CT - Ira's Financial Markets Video 10 24 2023

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RIPPLE XRP *BOOM!*🚨UPHOLD & RIPPLE BIG NEWS💥💣 MUST SEE

 Goldilocks' Comments and Global Economic News Wednesday Afternoon 10-25-23

Good morning Dinar Recaps,

FED Chair Powell Speaks Wednesday Afternoon at 3:35PM CT - Ira's Financial Markets Video 10 24 2023

https://youtu.be/79uMC1PLM0c?feature=shared

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RIPPLE XRP *BOOM!*🚨UPHOLD & RIPPLE BIG NEWS💥💣 MUST SEE

https://youtu.be/xqT4GArFQik?feature=shared

~~~~~~~~~~

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Economics, Goldilocks, News DINARRECAPS8 Economics, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Tuesday Evening 10-24-23

Goldilocks' Comments and Global Economic News Tuesday Evening 10-24-23

Good evening Dinar Recaps,

Foreign Currency Deposits Rise 433% In Five Years - RBZ

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Open Board Meeting, October 24, 2023

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US PMIs Print Goldilocks Surprise In October: Growth Expansion & Slowing Inflation

Goldilocks' Comments and Global Economic News Tuesday Evening 10-24-23

Good evening Dinar Recaps,

Foreign Currency Deposits Rise 433% In Five Years - RBZ
https://www.pindula.co.zw/2023/10/22/foreign-currency-deposits-rise-433-in-five-years-rbz/

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Open Board Meeting, October 24, 2023

https://www.youtube.com/live/Ss9z66NaXd0?feature=shared

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US PMIs Print Goldilocks Surprise In October: Growth Expansion & Slowing Inflation

ZeroHedge Link

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"UDPN aims to provide a decentralized identity infrastructure to enable compliance and cross-chain interoperability by exchanging messages rather than currencies. The currency transactions happen on their native blockchains or infrastructures. That means, via UDPN users can swap a USDC stablecoin on one network for a Euro stablecoin on another or a bank deposit token."

Yesterday, Standard Chartered’s SC Ventures and Deutsche Bank completed the first proof of concept (PoC) for the Universal Digital Payments Network (UDPN).

The purpose of this platform is to connect payments across CBDC blockchain networks using messages similar to Swift. Banks and other financial institutions exchange messages through a permissioned blockchain.

This enforces a trust level between Banks. Because this system only allows regulated tokens through its Network, it enforces compliance using decentralized entities.

You keep hearing about three entities over and over again: Standard Charter Bank, Fintech, and the Deutsche Bank. We have been talking about these three financial institutions as being important to the next economy for 2 years.

And now, we are seeing these three entities being utilized with the Deutsche Bank that touches every Bank around the world.

© Goldilocks
Cryptopolitan Link
LedgerInsights Link
Finance Yahoo Link
FinTech Link

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Social Security Update: Trust Fund, Income, Outgo, and Deficit in Fiscal 2023

Wolf Street Link

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The Bank of International Settlements last week produced an interim report aimed at developing a governance structure for an interlinked faster payments system.
PaymentsDive Link

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In the last week, several major financial regulators, both national and international, simultaneously produced new guidelines for decentralized assets. 

The European Banking Authority and the European Securities and Markets Authority proposed guidelines for assessing the suitability of management members in crypto firms, offering standardized criteria (https://cointelegraph.com/news/crypto-eba-esma-issue-crypto-entity-suitability-guidelines) for evaluating their knowledge, expertise, integrity and ability to dedicate adequate time to fulfill their responsibilities.
CoinTelegraph Link

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Hong Kong Moves Ahead With Crypto Regulations; Updating Policies

The Coin Republic Link

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Money Market Funds are now being tokenized and used as collateralized assets for investments.

The Onyx Blockchain is an Ethereum-based Network. As we were told almost 2 years ago, JP Morgan is the lead Bank carrying us into the Web 3-based decentralized banking system.

As you can see here, BlackRock has engaged in this service to collateralize their assets through Barclays Plc.

© Goldilocks
MarketScreener LInk

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Ripple Forges New Partnership with Uphold to Enhance Underlying Crypto Liquidity Infrastructure 

Ripple Link

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Open Board Meeting on final rule on the Community Reinvestment Act. October 24, 2023

https://youtu.be/k2hNeviqiQ0?feature=shared

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Digital Banking Announcement:

UPHOLD RIPPLE PARTNER FOR CROSS-BORDER LIQUIDITY

https://youtube.com/shorts/fxpr-7t1QDI?feature=shared

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Fed to Be Forced Into Massive Liquidity Dump, 'Tremendous Upside' for Gold & Bitcoin – James Lavish

https://youtu.be/WKPLmIHn47M?feature=shared

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Goldilocks' Comments and Global Economic News Monday Evening 10-23-23

Goldilocks' Comments and Global Economic News Monday Evening 10-23-23

 

Good evening Dinar Recaps,

"The majority of cross-border payments are currently carried out via telegraphic transfers supported by SWIFT’s network of correspondent banks. These transfers are often criticized for being slow and expensive. A transfer can take several days to complete, while the World Bank estimates the average cost of a transaction to be about 6% of the transfer value."

We are currently at T+ 1 settlements and moving towards T+ 0 settlements. In other words, we are very close to seeing instant payments on cross-border international trading transactions.

Goldilocks' Comments and Global Economic News Monday Evening 10-23-23

 

Good evening Dinar Recaps,

"The majority of cross-border payments are currently carried out via telegraphic transfers supported by SWIFT’s network of correspondent banks. These transfers are often criticized for being slow and expensive. A transfer can take several days to complete, while the World Bank estimates the average cost of a transaction to be about 6% of the transfer value."

We are currently at T+ 1 settlements and moving towards T+ 0 settlements. In other words, we are very close to seeing instant payments on cross-border international trading transactions.

This is very important to the Forex Market since foreign currency trades will happen around the world due to a changeover from a world Reserve Currency transaction to trading in local currencies.

"Atomic Settlements" are becoming possible through technology's ability to simultaneously secure both sides of a trade at the same time through artificial intelligence (computer transactions).

Smart contracts will ensure both parties have the ability to pay for such services, and the efficient transactions between two countries involved in a trade create money velocity and security.

This is why Forex has been under currency reforms this year. This particular sector of the market is expected to grow by leaps and bounds due to the changeover of a Global Monetary Policy utilizing local currencies around the world.

© Goldilocks
CoinTrust Link
KapronAsia Link

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Instant Payments Force Banks to Examine Limitations of ‘Creaky’ Legacy Systems

Pymnts Link

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Qatar signs pact with WEF to set up Fourth Industrial Revolution centre

Qatar, represented by the Ministry of Finance, Sunday signed an agreement with the World Economic Forum (WEF) to establish a “Centre of Excellence for the Fourth Industrial Revolution” in Qatar.

The agreement was signed by HE the Minister of Finance, Ali bin Ahmed al-Kuwari, and WEF founder and executive chairman Prof Klaus Schwab, in Doha.

This strategic partnership paves the way for future collaboration, as the centre aims to promote technological progress, diversify the economy, and to promote sustainable development in Qatar, the Ministry of Finance said yesterday.

It provides resources and an appropriate environment for research and development and the application of modern technologies that include artificial intelligence, blockchain technology, advanced manufacturing, Internet of Things, renewable energy, and others.


Gulf-Times Link

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"India’s Central Bank Launches Groundbreaking Digital Currency Pilot Program"

Finally, India has embarked upon their pilot program of utilizing Central Bank Digital Currencies in place of Banknotes in cross-border international trading through the UPI or the Unified Payments Interface in computer terms.

CBDCs will represent a country's currency going forward inside International Banking Systems.

A pilot program is the final phase of development. The next step will move towards implementation.

Do not forget. Iraq has already signed a contract to work with India on future trading transactions through the UPI. This will increase demand and value for the Iraqi Dinar through price pressure computations in the new digital banking system.

© Goldilocks

The Currency Analytics Link

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High inflation triggers an alarming decline in bank deposits
https://www.observerbd.com/news.php?id=442802

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Biden moves to lift Venezuela oil sanctions meets criticism from Manchin, Republicans

The Hill

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Iraqi Dinar✅CBI Governer Al Alaq Huge Announcement | Iraqi Dinar News Today 2023 / Iqd Dinar 

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

 

👆 We already talked about all of this during the last few weeks, but this is a good review.

@ Goldilocks

~~~~~~~~~~

We are now in a Currency Bubble.


© Goldilocks

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Economics, Goldilocks, News DINARRECAPS8 Economics, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Monday AM 10-23-23

Goldilocks' Comments and Global Economic News Monday AM 10-23-23

Good morning Dinar Recaps,

Auto loan delinquencies among Americans have reached their highest level in 30 years That's a clear sign of malaise at a time when the economy is sending mixed signals, particularly about the state of consumer spending

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The move to T+1 securities settlement was a hot topic at @Sibos 2023. With the clock ticking towards reduced timelines for processing in the US and Canada, Jonathan Ehrenfeld Solé, Head of Securities Strategy at @Swift and Sam Riley, CEO of @Clearstream Securities Services sat down with Sibos TV to explain how better automation and initiatives like the unique transaction identifier can ease this transition.

Goldilocks' Comments and Global Economic News Monday AM 10-23-23

Good morning Dinar Recaps,

Auto loan delinquencies among Americans have reached their highest level in 30 years That's a clear sign of malaise at a time when the economy is sending mixed signals, particularly about the state of consumer spending

https://twitter.com/MultiPolarMarkt/status/1716100093919506812?t=eq634oZeHzyf3kB6y03NkA&s=35

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The move to T+1 securities settlement was a hot topic at @Sibos 2023. With the clock ticking towards reduced timelines for processing in the US and Canada, Jonathan Ehrenfeld Solé, Head of Securities Strategy at @Swift and Sam Riley, CEO of @Clearstream Securities Services sat down with Sibos TV to explain how better automation and initiatives like the unique transaction identifier can ease this transition.

https://twitter.com/swiftcommunity/status/1716436750543790480?t=PYmtjxWO3umvJ0CzJFutpg&s=09

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S&P 500 Technical Analysis for October 24, 2023 by FXEmpire

The S&P 500 has fallen overnight in the futures markets, as it looks like we are heading toward the 4200 level in an attempt to break down.

https://youtu.be/U7410RHnLEY?feature=shared

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JP Morgan and Mastercard’s new Pay-by-Bank solution goes live in the US 

The solution leverages Mastercard’s open banking technology to enable consumers to share their financial data to pay third parties directly from their bank account using traditional ACH banking rails. This process eliminates the need for customers to manually enter their banking information when completing online transactions, while billers no longer need to risk storing sensitive financial data.

Pay-by-Bank is also integrated with Mastercard’s Smart Payment Decisioning Tools suite, which through the application of data analytics and machine learning can determine the best time to initiate payments in order to reduce the risk of returns due to insufficient balance and minimise the potential for payment failures.

It also promotes heightened payment security, as it requires consumers to engage with their existing authentication protocols, such as biometrics, in order to complete transactions.

https://www.fintechfutures.com/2023/10/jp-morgan-and-mastercard-go-live-with-pay-by-bank-solution-in-the-us/

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How Geopolitical Turmoil Affects Asset Classes

https://youtu.be/6v-J_xrsCCw?feature=shared 

👆 We talked about this a week or two ago. I just wanted you to listen to what AI says about geopolitical turmoils and how it affects asset classes.

@ Goldilocks

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Goldilocks' Comments and Global Economic News Sunday Evening 10-22-23

Goldilocks' Comments and Global Economic News Sunday Evening 10-22-23

Good evening Dinar Recaps,

Shipping Containers Market Expands as Maritime Trade Flourishes
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Warren Buffett Just Warned Us ALL..

Goldilocks' Comments and Global Economic News Sunday Evening 10-22-23

Good evening Dinar Recaps,

Shipping Containers Market Expands as Maritime Trade Flourishes
https://comtex.com/?p=442125676

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Warren Buffett Just Warned Us ALL...

https://www.youtube.com/live/AeNs_1XRIQI?feature=shared

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CFPB accelerates US open banking with new data rule
20 October 2023


The Consumer Financial Protection Bureau (CFPB) has proposed its long-awaited open banking rule in the hopes of improving competition in the US banking and payments sector.

The proposed Personal Financial Data Rights rule activates the dormant Section 1033 of the Dodd-Frank Act, which was enacted by Congress more than a decade ago. This means consumer financial service providers are required to share data at the user’s direction with other companies in the ecosystem that offer more attractive products and services.

https://www.finextra.com/newsarticle/43165/cfpb-accelerates-us-open-banking-with-new-data-rule

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Agencies Extend Comment Period on Proposed Rules to Strengthen Large Bank Capital Requirements | OCC
https://www.occ.gov/news-issuances/news-releases/2023/nr-ia-2023-116.html

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Home Prices Fall Further. Peak was June 2022. Demand Crashes, Price Cuts Jump, Supply & Days on Market Rise

Wolf Street Link

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Ok, here we go.

The ASEAN countries in Asia are beginning to make a change in the way they do trades. They are switching their dollars for local currencies to build up their own Sovereign Nation's Economies.

Local Currency Settlement Framework Agreements are being signed everywhere.

This will increase demand and value for these countries' currencies. The movement away from the dollar in trade is increasing.

Below is a list of articles you can read where various countries are making this change. There are more. I only picked out a few.

© Goldilocks

ModernDiplomacy Link
Atlantic council Link
AsiaNews Link
The Jakarta Post Link
Khmertimeskh Link
India-Briefing Link
Fibre2Fashion Link
Malay Mail Link

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HEARING NOTICE:

Subject: "Subcommittees on Digital Assets, Financial Technology & Inclusion and National Security, Illicit Finance & International Financial Institutions"

Time: 10:00 AM ET
Date: Wednesday, October 25, 2023
Place: 2128 Rayburn House Office Building 

This hearing is a time to ask questions and give evidence of the subject matter on the table for the day.

People are being asked to sign an affidavit to swear that their statements are true.

It is a time to gather evidence and present your case to move forward with the subject at hand.

As you can see, digital assets are on the table. This will be a time to decide how, when, and if it is possible to move forward.

© Goldilocks

Financial Services Link 1

Financial Services Link 2
Financial Services Link 3
UK Gov Link

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Bond term premiums are now a focus for the Fed. What are they?

Reuters Link

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The Office of the U.S. Trade Representative and the Department of Agriculture have established a new committee to provide advice and recommendations in connection with U.S. trade policy that concerns administrative actions and legislation that would promote the competitiveness of southeastern U.S. producers of seasonal and perishable agricultural products.
STR Trade Link

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Standard Chartered to launch Bitcoin and crypto custody service for institutional clients in Dubai

Tekedia Link

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🔥HEDERA IS NOW A POWERHOUSE🔥HBAR HOLDERS GET READY FOR THIS

https://youtu.be/eXYapx2E5GQ?feature=shared

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#JimWillie : Inside The #Israel Conflict, Update on #DeDollarization

https://youtube.com/shorts/c8dx9hblbD4?feature=shared

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China said today that the country wants to deepen oil and gas cooperation with Gulf countries.

Late last year,

China's President urged Gulf nations to utilize the Shanghai Petroleum and National Gas Exchange for yuan settlement in the oil and gas industry.

Watch this closely.

Read: https://x.com/goldtelegraph_/status/1716145917185953815?s=46

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Economics, Goldilocks, News DINARRECAPS8 Economics, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Sunday AM 10-22-23

Goldilocks' Comments and Global Economic News Sunday AM 10-22-23

Good morning Dinar Recaps,

JPMorgan and Mastercard Pay-By-Bank Tool Goes Live

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Etsy Teams With Payoneer to Offer More Local Currencies

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Saudi Arabia, Vietnam sign agreement to bolster economic ties

Goldilocks' Comments and Global Economic News Sunday AM 10-22-23

Good morning Dinar Recaps,

JPMorgan and Mastercard Pay-By-Bank Tool Goes Live

Pymnts Link

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Etsy Teams With Payoneer to Offer More Local Currencies

Pymnts Link

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Saudi Arabia, Vietnam sign agreement to bolster economic ties

Pakistan Observer

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RIPPLE CEO EXPECTS $10 TRILLION TO XRPL & E-EURO GOES LIVE IN NOVEMBER

https://www.youtube.com/watch?v=59sc1PwQRYk

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ISO 20022.... LET'S DO IT on X
💥🚨🚨🚨BANKS AND FINANCIAL INSTITUTIONS WORLDWIDE ARE MAKING
 PREPARATIONS FOR NOVEMBER 2023🚨🚨🚨💥

Twitter Link

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REVEALING GOLD'S POWER AS A RESERVE CURRENCY

One of the significant developments this week was the revelation that Malaysia is actively exploring the gold dinar as a potential new reserve currency.  

The Prime Minister of Malaysia said:  

“If we can get between five and six percent with Islamic countries [using dinar], it would be a positive start as it provides strength and reduces dependency on the U.S. dollar…”  

I have covered this topic before, focusing on Islamic countries and gold.

In April, we learned that China is willing to discuss the establishment of an Asian Monetary Fund with Malaysia to reduce its dependence on the dollar.  

More on this in the article tomorrow.

Read: https://x.com/goldtelegraph_/status/1715842887169269942?s=46

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Goldilocks' Comments and Global Economic News for the evening of October 21st

Good evening Dinar Recaps,

Look for the Feds to continue tightening through raising of interest rates until the markets go to a real value.
This will send us into a liquidity crisis based upon a quadrillion-dollar derivatives deficit.

At this point, we will have real numbers to work with in moving forward with a reset in our economy.

© Goldilocks

Good evening Dinar Recaps,

Look for the Feds to continue tightening through raising of interest rates until the markets go to a real value.

This will send us into a liquidity crisis based upon a quadrillion-dollar derivatives deficit.


At this point, we will have real numbers to work with in moving forward with a reset in our economy.

© Goldilocks

https://finance.yahoo.com/news/morning-bid-americas-bond-squeeze-103609414.html

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Long lines at gas pumps are unlikely, but the Middle East crisis could disrupt oil supplies, raise prices

PressHerald Link

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Iraq making progress thanks to constructive reforms

"The third positive development is linked to Al-Sudani’s launch of long-overdue reforms in the banking and finance sectors. These fundamental reforms are vital due to the fact that they will tackle corruption in the financial and banking systems and lead to financial and economic growth."

Iraq moving to their own local currencies on the 1st of January 2024 will allow them to move forward with their banking reforms.

This will involve them moving from the dollar back to their native currency along with mechanisms in place that will tackle corruption.

© Goldilocks

https://www.arabnews.com/node/2394066
Oxford Reference Link

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Washington, D.C. —The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) today issued a letter extending the no-action position taken in CFTC Letter No. 22-03 regarding the compliance dates for certain amendments, adopted in November 2020, to the CFTC’s swap data reporting rules concerning block trades and post-initial cap sizes.

The letter states DMO will not recommend the CFTC take enforcement action against an entity for failure to comply with the block and cap amendments before July 1, 2024, provided the entity complies with the CFTC’s block trade and cap size requirements that were in effect on January 1, 2021.

https://www.cftc.gov/PressRoom/PressReleases/8809-

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Jim Willie: Gold, Silver To Rise To Forefront As Treasuries Break Down

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

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Taxpayers bailed out the big banks in 2008.

Taxpayers are starting to bail out central banks in 2023.

The system is designed fair, right?

Read:
https://x.com/goldtelegraph_/status/1715767960751796542?s=46

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Are we going to give people permission to change?
   Are people's past ways of thinking or saying or doing or being going to be held against them forever?
   People are waking up.  Are we willing to let people Evolve? Shift? Change?
   Nerves are frayed, patience is thin, defenses are up, and people are seeking justice & yet the truth about many things is still just bubbling to the surface to be revealed further...
   At this point.. information is all over the board.. who do you trust? who do you believe?
   No one is 100% right.. no one knows all the story or all the history or all the motives... There has been major f#ckery afoot.. but boy does lots of people have lots of different bits & pieces of the puzzle..
    Lots of people have also learned shocking new to them information about a lot of things they didn't know or realize or even considered before.
   People are waking up to so many things on so many layers & levels. As they do that, they're going to change their whole way of thinking & being. Are we going to let them?
   Online is so divisive right now with so much on the verge & causing so much negativity, fear, finger pointing & suffering.. preventing The People from coming together.. People are losing sight of the forest & they are getting stuck in the trees & weeds...
   As awake or aware as however many of us there are for however long as we have.. we have got to have some patience now when it's most important, with ourselves & for others, as we all shift. As conscious awareness awakens more & more, have patience for your fellow human...
   Patience.. an 8-letter swear word. Brain breaks & heart aches & the sheer amount of disappointment & disheartening things going on right now.. are things that many of us have to remember on behalf of others is that we became aware of a lot of info over time & had some time to process but now this is coming rapid fire & building & very heavy...
   People are also changing their minds, having a change of heart, reconsidering things in a new light, caring about things they never cared about before & learning about things that suck...
   Many haven't even had time to know that it's going to be okay yet.. that some things have to break open & be rebuilt & we're going to be okay because they are in it with close friendships, families, and communities all changing at the same time.  
   Can you remember the times when you learned about things that sucked? That you had to hear it a couple of times before considering it because it sucked so bad? Can you remember when you first tried to talk to others about something you learned & had dived into further, for others to dismiss it, laugh at you or label you a tinfoil hatter?  Many of us joke about it now but we had time to learn to brush off the pushback received from trying to share controversial information that was against accepted known knowledge or long-held beliefs...
  We gotta give people a bit of a break & wait & see..  it's not instant & some previous bad guys who've grown a conscience are going to make great whistleblowers.
   We have to remember no one knows the whole story about anything right now & trusting your own intuition, using your common sense & critical thinking skills & remembering a perspective of the bigger picture is going to help everyone...
   Questioning is good.. but only following or believing 1 person or 1 group or 1 movement will keep people in the weeds...
   It's not the time to take a hard line of black & white, who is absolutely right or truthful or not & wrong.. because in order to put the puzzle together this time we need to flow.. work together, dismiss egos, figure it out, work it out & expose hidden truth to put the pieces together so we can change it.
   Whoever you read, listen to, or watch..Take the bits that resonate with you & dismiss the rest.. because actual mis & disinformation is being used against The People as they discover or reveal the truths that have been actively hidden that they've learned of or experienced.
    Remember to pull out of the muck, exercise patience & see the Forest for the Trees

~~~~~~~~~~

$84,500,000,000 Exits JPMorgan Chase, Wells Fargo and Citigroup in Three Months As Depositors Take Flight

DailyHodl Link

~~~~~~~~~~

War wakes gold up

SchiffGold Link

~~~~~~~~~~

Follow Goldilocks' Roadmap

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Economics, Goldilocks, News DINARRECAPS8 Economics, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Saturday AM 10-21-23

Goldilocks' Comments and Global Economic News Saturday AM 10-21-23

Good morning Dinar Recaps,

Stocks fell yesterday as investors stayed spooked by high bond yields, rising oil prices, and concerns about the Fed’s next move. American Express dropped despite reporting record profits for last quarter because the growth of spending on its cards by businesses has slowed.  

© The Morning Brew

~~~~~~~~~~

Goldilocks' Comments and Global Economic News Saturday AM 10-21-23

Good morning Dinar Recaps,

Stocks fell yesterday as investors stayed spooked by high bond yields, rising oil prices, and concerns about the Fed’s next move. American Express dropped despite reporting record profits for last quarter because the growth of spending on its cards by businesses has slowed.  

© The Morning Brew

~~~~~~~~~~

In a significant move to enhance user accessibility and expand its foothold in the European market, cryptocurrency exchange Binance announced that it has established partnerships with multiple new fiat service providers.
(
https://cryptopotato.com/binance-announces-helmet-design-contest-in-partnership-with-alpine-f1-driver-pierre-gasly/


According to a blog post, the company has already commenced migrating users to these new services, which include EUR deposit and withdrawal options via Open Banking and SEPA/SEPA Instant, as well as facilitating the buying and selling of cryptocurrencies through various methods.

Integrating new fiat providers is a strategic move for Binance to advance its mission of global financial empowerment. By ensuring seamless access to fiat-crypto conversions, Binance aims to simplify cryptocurrency adoption, especially for newcomers. These fiat pathways are pivotal in improving user experience and expanding access to Web3 ecosystems.

https://cryptopotato.com/binance-expands-fiat-services-in-europe-with-new-partnerships/

~~~~~~~~~~

We are living in a time where many assets are in distress. They are called "distressed assets." From homes to cars and more, many people just simply cannot pay their bills as they come due.

Layoffs and lack of job opportunities account for many of these distressed assets that have reached a price of unaffordability.

Many attempts to restructure a loan often work in a growing society, but we are in a global economic downturn. These options at present rates just simply do not work in today's world.

We are not living in a world where real-world assets of real values apply. Our economy is moving closer and closer to a reset of everything.
© Goldilocks

https://viewpoints.reedsmith.com/post/102iq6h/distressed-assets-whats-coming
EurekaHedge

~~~~~~~~~~

The Federal Reserve is extending their comment period on proposed Bank Capital requirements.

It is moving from November 30th, 2023 to January 16th, 2024.

Once the comment period Is over, Congress in conjunction with the Banking system will move toward final rules of implementation on how much capital / commodities should be held in Banks as collateral.

These collateral requirements will secure loans, banking investments, and currency transactions from around the world.

© Goldilocks

https://finance.yahoo.com/news/fed-extends-comment-period-on-proposed-bank-capital-requirements-152518890.html.

~~~~~~~~~~

Jim Rickards : Fed Overtightening and Liquidity Shortage Raise Concerns

https://youtu.be/VPbAJPKdI1A?feature=shared

~~~~~~~~~~

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Economics, Goldilocks, News DINARRECAPS8 Economics, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Friday Afternoon 10-20-23

Goldilocks' Comments and Global Economic News Friday Afternoon 10-20-23

Good evening Dinar Recaps,

Here we go.

We talked of the next steps about a week ago in this room. How the war between Israel and Hamas would affect the supply chains of those who support these countries.


Maria Fernanda Garza shared in a recent interview said that our "Global value chain" has already been hit by the Ukrainian war and COVID-19. And now, we are dealing with another war in Israel.

Goldilocks' Comments and Global Economic News Friday Afternoon 10-20-23

Good evening Dinar Recaps,

Here we go.

We talked of the next steps about a week ago in this room. How the war between Israel and Hamas would affect the supply chains of those who support these countries.


Maria Fernanda Garza shared in a recent interview said that our "Global value chain" has already been hit by the Ukrainian war and COVID-19. And now, we are dealing with another war in Israel.

She suggested moving forward with the digitization of trade. This would minimize many of the destructive money flows being used to go to war efforts through efficiency and the movement of money quicker, so that, imports and exports to these countries can run much smoother.

The effects of War create value changes inside of an economy, and this includes the currencies many of these countries use to keep their country sustainable.

Many of the values on these currencies are already not sustainable as many countries have moved to trade in localized currencies.

The Global community currently has turned their attention toward movement into virtual currency trades inside our shipping ports. It will help accelerate the next economy as well.

Watch the water.

© Goldilocks
TheFinancialExpress Link

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Is This The Catalyst For Soaring Yields: Foreign Central Banks Dump US Treasuries For The First Time Since January 

ZeroHedge

~~~~~~~~~~

Banking Announcement:

Chinese investors’ sales of US stocks and bonds hit four-year high.

~~~~~~~~~~

BRICS: Chinese Yuan Surpasses Euro, Becomes Second Main SWIFT Currency

https://watcher.guru/news/brics-chinese-yuan-surpasses-euro-swift-currency

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BREAKING NEWS XRP RIPPLE LAWSUIT IS OVER!!!

https://youtu.be/L5kLEI21FvM?feature=shared

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RIPPLE XRP🚨OH YEAH! ITS FINALLY OVER!🔥PREPARE FOR A NEW ATH?

https://youtu.be/acs-YP5wZYk?feature=shared

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Ripple is free to expand. Look for several smart contracts to go out between Ripple and Banks all over the World today.

As we have also spoken of in this room,  new economies and new values on the currencies that support these economies rise from the ashes during a time of War.

We are about to see a Ripple effect in the banking system that will change the landscape of the Global Financial system resetting everything in its path.

As the old Financial System falls, the new digital asset-based trading system will emerge as a solution.

© Goldilocks

~~~~~~~~~~

Things are changing rapidly my friends. This war will hide many of the economic shifts currently taking place that you are aware of in this room.

What you and I have been watching for closely has been the revaluing of an economic system from a Traditional Banking framework to a digitized system run through Quantum Technologies.  

This new Quantum Financial System is shaping up to be a historical moment in the making. Congress has been working on this for over 2 years at this point, and it will be fine-tuned for years to come.

Look for things to begin moving rapidly at the end of this month going into November to shift our Global Economy into the next stage of evolution unlike any we have ever seen before.

© Goldilocks

~~~~~~~~~~

Why the OCC's tokenization discussion should matter to you

Cryptopolitan

~~~~~~~~~~

U.S. must help lead on setting digital policies for global trade, says Young

Ripon Advance Link

~~~~~~~~~~

FDIC lacks ‘clear procedures’ for crypto-related risks, report says

https://www.blockworks.co/news/fdic-crypto-risk-report via @Blockworks

~~~~~~~~~~

Indonesia Now Considering To Join BRICS Alliance
https://watcher.guru/news/indonesia-now-considering-to-join-brics-alliance

~~~~~~~~~~

Zimbabwe Banking Announcement follow up

The mission assisted the staff of the Reserve Bank of Zimbabwe (RBZ) to compile financial soundness indicators (FSIs) in line with the IMF’s 2019 FSIs Compilation Guide, and introduced a framework for incorporating new FSIs for insurance corporations.
IMF Link

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Alert! WORLDWIDE TERROR ALERT ISSUED. EXPECT ANOTHER MAJOR F@LSE FLAG EVENT TO OCCUR.. 

Mannarino Link

~~~~~~~~~~

NEW - ECB's Lagarde: "The digital euro is on the move."

Disclose

Listen in Goldilocks' room here:  https://t.me/c/1545617426/70354

~~~~~~~~~~

Amazon Launches Humanoid Robots into warehouses...

Watch in Goldilocks' room here:   https://t.me/c/1545617426/70355

~~~~~~~~~~

It has come to my attention that Jon Dowling @ The Real World page has been copying word for word my postings and putting a copyright under Jon Dowling's name.

This is plagiarism and it is illegal. If you or your friends are following this page, he is being very misleading.

To make sure you are getting the right information from the right person, you may want to join my page to know for sure you are getting the right information.

© Goldilocks

Goldilocks Room Link:
https://t.me/+YU9UrHLxFbszOTJh

~~~~~~~~~~

JUST IN: 🇨🇳 Chinese Yuan surpasses the Euro to become world's second most used currency for SWIFT trade settlements.

@WatcherGuru

~~~~~~~~~~

BREAKING NEWS

THE RAPIDLY INCREASING U.S. NATIONAL DEBT MAY SOON RESULT IN THE GOVERNMENT SPENDING MORE ON INTEREST PAYMENTS THAN DEFENCE


A massive debt burden impacts national security.

This is proof.

Read: https://x.com/goldtelegraph_/status/1715441623784673291?s=46

~~~~~~~~~~

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Goldilocks' Comments and Global Economic News Late Thursday Evening 10-19-23

Goldilocks' Comments and Global Economic News Late Thursday Evening 10-19-23

Good evening Dinar Recaps,

Iraq to charge Customs Duties/Taxes “Exclusively in Iraqi Dinars”

The Kurdistan Regional Government (KRG) has said that customs duties and taxes at border crossings will now be levied exclusively in Iraqi dinars instead of US dollars.

Goldilocks' Comments and Global Economic News Late Thursday Evening 10-19-23

Good evening Dinar Recaps,

Iraq to charge Customs Duties/Taxes “Exclusively in Iraqi Dinars”

The Kurdistan Regional Government (KRG) has said that customs duties and taxes at border crossings will now be levied exclusively in Iraqi dinars instead of US dollars.
Search 4 Dinar Link

~~~~~~~~~~

WE ARE 1 MONTH AWAY!💥XDC XRP XLM💥YOU DON'T HAVE UNTIL 2025

https://youtu.be/IzIZsA3XFKU?feature=shared

~~~~~~~~~~

As a follow-up to the 2019 FSSR, a remote TA mission supported the RBZ in updating regulations to the Basel III capital framework. The mission reviewed Zimbabwe’s capital framework (laws, guidelines, and templates of prudential returns), identified areas to update capital requirements, discussed these areas with the management of the RBZ, and provided recommendations for drafting amendments in line with the Basel II/III framework approaches assessed as the most suitable to the Zimbabwean financial market characteristics.
IMF Link

~~~~~~~~~~

Congress could grant the temporary House speaker more power. Here’s how.

The Washington Post

~~~~~~~~~~

JUST IN: 🇺🇸 FED Chair Jerome Powell says the current fiscal path we're on is unsustainable.
@WatcherGuru

~~~~~~~~~~

JUST IN: JP Morgan expects the SEC to approve multiple Spot Bitcoin ETF's within months.
@WatcherGuru

~~~~~~~~~~

JUST IN: Ripple XRP CEO Brad Garlinghouse releases statement following SEC dropping lawsuit against him.
@WatcherGuru

~~~~~~~~~~

Gold is reaching all-time highs in various fiat currencies, yet many still think it's merely a coincidence that central banks are accumulating record amounts of it

How do you define sheep?

Central bank gold holdings are now at their highest since Bretton Woods

Canada has zero

Read: https://x.com/goldtelegraph_/status/1715149158984880218?s=46

~~~~~~~~~~

Follow Goldilocks' Roadmap

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