Goldilocks' Comments and Global Economic News Friday Evening 11-3-23
Goldilocks' Comments and Global Economic News Friday Evening 11-3-23
Good evening Dinar Recaps,
"SEC Finalizes Rule on Security-Based Swaps Trading Venues"
The delayed Dodd-Frank-era measures outlines and registration rules. After careful analysis, there were about five firms expected to have to register with agency.
Conclusion: "The US Securities and Exchange Commission (LINK BELOW) has released final rules for security-based swaps trading platforms, giving them the green light to register with the agency." This allows security based swaps to flow freely through all the firms with transparency in foreign currency exchanges.
Goldilocks' Comments and Global Economic News Friday Evening 11-3-23
Good evening Dinar Recaps,
"SEC Finalizes Rule on Security-Based Swaps Trading Venues"
The delayed Dodd-Frank-era measures outlines and registration rules. After careful analysis, there were about five firms expected to have to register with agency.
Conclusion: "The US Securities and Exchange Commission (LINK BELOW) has released final rules for security-based swaps trading platforms, giving them the green light to register with the agency." This allows security based swaps to flow freely through all the firms with transparency in foreign currency exchanges.
There are three steps to the finalization of a rule. This is the third one, and it was given the green light to move forward. (https://www.bloomberg.com/quote/13165Z:US)
This does not mean you and I will go in at the push of a button. These firms are still organizing themselves, registering with the SEC, and preparing for new changes taking place.
© Goldilocks
Bloomberg Link
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Executive Order Announcement:
On October 29, the Biden Administration issued a broad Executive Order (Order) on artificial intelligence (AI). Titled “Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence,” the Order establishes guidelines for AI safety and security, aims to shield Americans’ data privacy, and emphasizes equity and civil rights.
As stated by the White House in its Fact Sheet about the Order, the Order “stands up for consumers and workers” while fostering innovation and competition.
ConsumerFinanceMonitor Link
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AFME and Deloitte release post-trade inefficiencies paper.
The Association for Financial Markets in Europe (AFME) and Deloitte have published a report detailing the causes of settlement fails in the EU securities market. They offer a number of recommendations on how post-trade processes could be made more efficient. AssetServicingTimes Link
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Riding the Wave: Tokenization Takes Center Stage in Crypto's 2023 Resurgence Securities.io Link
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Coinbase crypto futures for retail US traders goes live, includes 'nano' bitcoin trading The Block Link
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Banking Announcements on AI:
Integration of AI, Fintech, ESG Gets Underway
By Jill Wong, Regulation Asia Published on 31st October 2023
The financial industry is accelerating its interest around three main themes - fintech, ESG and AI.
Regulation Asia Link
G7 Nations Agree on Code of Conduct for AI Systems
By Editors, Regulation AsiaPublished on 31st October 2023
The code of conduct for AI developers seeks to promote the development of “secure and trustworthy” AI systems internationally. RegulationAsia Link
White House Issues Executive Order to Regulate AI
By Sanday Chongo Kabange, Regulation AsiaPublished on 31st October 2023
The executive order sets out new standards for AI safety and requirements for developers and users of AI systems. RegulationAsia Link
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CFPB Proposes Rule Granting Consumers Greater Access to and Control Over Their Financial Data | Jaburg Wilk JDSupra Link
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Wall Street regulator adopts new rules for swap trading facilities Reuters Link
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Saudi Arabia is engaged in ongoing discussions with Pakistan to purchase a portion of the government's stake in a $7 billion copper project, which is co-owned with Barrick Gold
The second-largest gold producer
The Kingdom is increasingly hunting for metal assets.
A trend...
Read: https://twitter.com/GoldTelegraph_/status/1720483410098188506
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Today,
China's biggest index provider launched two stock indices linked to gold, which include shares of global gold mining companies.
Read: https://x.com/goldtelegraph_/status/1719809391174865082?s=46
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What execs are saying about bank-fintech partnerships Banking Dive Link
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https://twitter.com/Rohitku24694375/status/1720435109097312605?t=YQhtCa8GVMFYnfczq77ptw&s=35
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1 Minute All 7 Chakras Quick Cleanse | Meditative Mind #shorts
https://youtube.com/shorts/1558rHJqOyw?feature=shared
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Goldilocks' Comments and Global Economic News Thursday Evening 11-2-23
Goldilocks' Comments and Global Economic News Thursday Evening 11-2-23
Good evening Dinar Recaps,
"India Paves the Way for Foreign Listing of Public Companies"
India is leading the way on getting their public companies listed in foreign exchange markets.
The Ministry of Corporate Affairs is currently notifying some of their companies and securities that they can list overseas. Look for other countries to do the same.
© Goldilocks
Goldilocks' Comments and Global Economic News Thursday Evening 11-2-23
Good evening Dinar Recaps,
"India Paves the Way for Foreign Listing of Public Companies"
India is leading the way on getting their public companies listed in foreign exchange markets.
The Ministry of Corporate Affairs is currently notifying some of their companies and securities that they can list overseas. Look for other countries to do the same.
© Goldilocks
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"The New Development Bank Bill, 2023 was passed in parliament on Wednesday to welcome funds from the lending arm of BRICS."
Although this bill still needs to be ratified, the New Development Bank is well on its way to being able to lend money to those who join the BRICS Nations such as Bangladesh.
© Goldilocks
https://www.newagebd.net/article/216581/new-development-bank-bill-2023-passed-in-js-to-get-brics-funds
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US House passes bill on aid to Israel, but not Ukraine
The Republican-led House of Representatives approved a $14.3 billion military aid measure for Israel without mentioning Ukraine, despite a veto threat from President Biden.
Besides no aid for Kiev, the legislation also includes cuts to the Internal Revenue Service's tax enforcement initiative – part of the Inflation Reduction Act that is a key part of Biden's agenda.
The bulk of the money in the GOP bill would go to help Israel replenish and bulk up its weapons systems, including $4 billion for the Iron Dome and David's Sling missile defense systems. The measure also includes $200 million for the protection of US personnel and evacuation of American citizens.
Notably, it completely omits humanitarian aid for Gaza.
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As Washington looks to hand over $14 billion to Israel, the number of recurring applications for unemployment benefits in the US has risen for the sixth straight week, indicating that those who have lost their jobs are starting to have more trouble finding new ones.
Click here Twitter
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Goldilocks' Comments and Global Economic News Thursday AM 11-2-23
Goldilocks' Comments and Global Economic News Thursday AM 11-2-23
Good morning Dinar Recaps,
"The New Development Bank Bill, 2023 was passed in parliament on Wednesday to welcome funds from the lending arm of BRICS."
Although this bill still needs to be ratified, the New Development Bank is well on its way to being able to lend money to those who join the BRICS Nations such as Bangladesh.
© Goldilocks
Goldilocks' Comments and Global Economic News Thursday AM 11-2-23
Good morning Dinar Recaps,
"The New Development Bank Bill, 2023 was passed in parliament on Wednesday to welcome funds from the lending arm of BRICS."
Although this bill still needs to be ratified, the New Development Bank is well on its way to being able to lend money to those who join the BRICS Nations such as Bangladesh.
© Goldilocks
https://www.newagebd.net/article/216581/new-development-bank-bill-2023-passed-in-js-to-get-brics-funds
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The global standard-setters have declared that no current stablecoin satisfies all pertinent regulatory mandates and that even if a fully compliant stablecoin were to emerge, its efficacy in enhancing cross-border payments remains questionable.
This revelation is like to be a topic of discussion at Benzinga's Future of Digital Assets conference on Nov. 14.
Benzinga Link
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Gold prices will rise in 2024 from this year’s average on bets that global central banks would start monetary policy easing and after the Middle East conflict provided a boost to gold’s safe-haven rally above $2,000, a Reuters poll showed on Wednesday.
https://www.reuters.com/article/metals-precious-gold-idUSKBN31W2U3
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Biden's Executive Order on AI Set to Transform Cryptocurrency Market
The Currency Analytics Link
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Banking Announcement:
UK Confirms Plans to Implement New Rules for Crypto, Stablecoin
ByEditors, Regulation AsiaPublished on 1st November 2023
Treasury says the government aims to have legislation for the new regime before Parliament in 2024.
https://www.regulationasia.com/uk-treasury-confirms-plans-to-implement-new-crypto-rules/
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ANNA ISINs, and The Digital Token Identifier Foundation (DTIF) have entered a joint Memorandum of Understanding (MoU).
The MOU will allow the phased introduction of new ISINs to identify crypto assets.
AssetServicingTimes Link
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Global watchdog: Stablecoin cons outweigh pros for cross-border transactions
https://crypto.news/global-watchdog-stablecoin-cons-outweigh-pros-for-cross-border-transactions/
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Healthcare payments company Waystar has postponed its initial public offering, according to a source familiar with the matter, as market turmoil in the United States threatens to derail a recovery in new stock listings.
The company will revive its IPO efforts in December at the earliest but is more likely to wait until 2024, said the source, who requested anonymity to discuss confidential information.
https://www.reuters.com/markets/deals/waystar-delays-ipo-until-december-or-2024-wall-street-journal-2023-10-31/
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"India Paves the Way for Foreign Listing of Public Companies"
India is leading the way on getting their public companies listed in foreign exchange markets.
The Ministry of Corporate Affairs is currently notifying some of their companies and securities that they can list overseas.
Look for other countries to do the same.
© Goldilocks
https://www.arabianbusiness.com/markets/india-to-allow-certain-public-companies-to-list-directly-on-foreign-stock-exchanges
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Goldilocks' Comments and Global Economic News Wednesday Evening 11-1-23
Goldilocks' Comments and Global Economic News Wednesday Evening 11-1-23
Good evening Dinar Recaps,
Iraq Moves Further Out Of U.S.’s Influence With New Russia And China Deals
"With the U.S.’s current primary Middle East focus being on trying to deter a widening of the Israel-Hamas War, China and Russia have been busy cementing their influence elsewhere in the region, most recently in Iraq."
Iraq has made a new agreement with China. It is called the Iraq-China Framework Agreement. Basically, China has first refusal on all oil, gas, and petrochemicals projects that come up in Iraq.
Goldilocks' Comments and Global Economic News Wednesday Evening 11-1-23
Good evening Dinar Recaps,
Iraq Moves Further Out Of U.S.’s Influence With New Russia And China Deals
"With the U.S.’s current primary Middle East focus being on trying to deter a widening of the Israel-Hamas War, China and Russia have been busy cementing their influence elsewhere in the region, most recently in Iraq."
Iraq has made a new agreement with China. It is called the Iraq-China Framework Agreement. Basically, China has first refusal on all oil, gas, and petrochemicals projects that come up in Iraq.
You know there will be other agreements that are not talked about in an article such as trading in the Petro Yuan.
We are witnessing a reset in the oil, gold, and silver sectors. These sectors of the market create a foundation for price patterns on the rest of it. The debt clock is a place for us to look and find these figures.
© Goldilocks
OilPrice Link
USDebtClock Link
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We now have the two largest oil producers in the world switching over to local currencies in trade. Iraq and Saudi Arabia are currently in the process of making this transition.
The transition of the Petro Dollar to the Petro Yuan in oil trades will begin the process of leveling off of our currencies around the world who trade with them in their own local currencies.
As we approach the completion of Protocol 20 and integration of Quantum Technologies by the first part of next year, we look to be in a spot whereby Quantum Technologies can begin to network at real values.
This will make it easier for a repricing event of the global economy to begin taking place in the first quarter of 2024.
Time will tell.
© Goldilocks
https://stellar.org/blog/foundation-news/stellar-development-foundation-q3-2023-in-review
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Singapore Central Bank and Global Regulators Collaborate on Asset Tokenization Pilots
The Monetary Authority of Singapore (MAS), Singapore’s financial regulatory authority, has founded a Project Guardian policymaker group in partnership with the Financial Services Agency of Japan (FSA), the Financial Market Supervisory Authority of Switzerland (FINMA), and the Financial Conduct Authority of United Kingdom (FCA), according to Monday press release published on the MAS’ website.
Blockonomi Link
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"The GAO confirmed what many suspected: SAB 121 is subject to Congressional review,” said Chairman McHenry. “This rule would impose massive new requirements on financial institutions and other firms to place digital assets on their balance sheets as a liability with a corresponding asset. Ultimately, this would deter institutions and firms from offering custodial services—denying Americans access to safe and secure custody of their assets. SAB 121 was drafted with zero input from prudential regulators and the public, and now Congress must step in to block this harmful rule.”
“Staff Accounting Bulletin 121 should have been an official rule issued by the SEC through the normal process of federal rulemaking. This bulletin has massive implications, and the SEC should have received feedback on it from the federal banking regulators and the public before implementing this legally binding directive,” said Senator Lummis. “I have serious concerns over the impact of this bulletin on consumer protection and ensuring well-regulated financial institutions are able to provide safe custody for Americans’ hard-earned financial assets is my top priority. This sets an incredibly dangerous precedent. I plan to use the Congressional Review Act to block this rule in the coming weeks.”
Financial Services Link
Goldilocks pointed 👆 to this article
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JPMorgan Chase Is Ramping Up its Digital Currency Ambitions
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FOMC Press Conference Introductory Statement, July 26, 2023
https://youtu.be/-c-TLn5BR0c?feature=shared
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BREAKING: 🇺🇸 Federal Reserve pauses interest rate hikes, remains at 5.25% - 5.50%.
@WatcherGuru
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Today,
China's biggest index provider launched two stock indices linked to gold, which include shares of global gold mining companies.
Read: https://x.com/goldtelegraph_/status/1719809391174865082?s=46
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HSBC adds fuel to tokenization fire with gold-focused offering
London-based financial giant HSBC is trying its hand at gold tokenization.
The bank launched tokenized ownership of physical gold held in its London vault on Wednesday, noting its use of distributed ledger technology (DLT) to trade the assets.
The approach “generates a permissioned digital representation of clients’ physical gold holdings,” the company said in a news release. One token on HSBC’s gold tokenization platform is equivalent to 0.001 troy ounce.
Tokenized physical gold can be traded between HSBC and institutional investors through the HSBC Evolve platform.
https://www.blockworks.co/news/hsbc-explores-gold-tokenization
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According to an announcement by @swiftcommunity the Payments Market Practice Group (PMPG) has recently updated their #ISO20022 adoption guidelines. okt.to/4ZLyH6
https://twitter.com/payment_infrast/status/1719688993795723754?t=yF86cdi0jQhWXbMjGqtIzA&s=3
ISO 20022 Payments Migration & Interoperability Considerations for the Global Community Version 2
https://www.swift.com/swift-resource/251867/download
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Goldilocks' Comments and Global Economic News Wednesday AM 11-1-23
Goldilocks' Comments and Global Economic News Wednesday AM 11-1-23
Good morning Dinar Recaps,
Gold imports from Russia to Hong Kong surged by 750% from January to September 2023, compared to the same period the previous year.
There is a global gold reshuffling right now.
It is very clear,
Gold is playing a central role in the financial strategy of China and Russia.
Goldilocks' Comments and Global Economic News Wednesday AM 11-1-23
Good morning Dinar Recaps,
Gold imports from Russia to Hong Kong surged by 750% from January to September 2023, compared to the same period the previous year.
There is a global gold reshuffling right now.
It is very clear,
Gold is playing a central role in the financial strategy of China and Russia.
Read: https://twitter.com/GoldTelegraph_/status/1719436115038601692
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Shafaq News/ The Kurdistan Regional Government decided, today, Tuesday, to start dealing in the Iraqi dinar at all border crossings and airports, starting from the beginning of next month.
Search 4 Dinar Link
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70% of Iraq’s imports come from BRICS countries
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Paysend Announces Agreement with Western Union to Bolster Global Money Transfer Services
The Western Union Co. announced customers will be able to send money via the company’s digital service directly to Visa and Mastercard cards through an integration with Paysend, a card-to-card payments platform.
Lightspeed Commerce Inc. launched several new features including artificial intelligence-assisted menu creation, better insights into popular items, staff performance tools, and the release of its Services Module, aimed at merchants with service components.
Yardi, a property management software maker, eliminated automated clearing house fees for clients and residents using Yardi for rent payments in the United States and Canada beginning in January. More than 15 million rental units are on the Yardi platform. It also will launch a rewards program in 2024.
Old Glory Bank said its customers can donate to Code of Vets, a military-veterans group, through the bank’s Old Glory Pay QR code at the Code of Vets Web site.
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The World Bank Eyes an Overhaul Amid the Climate Crisis
Carnegie Endowment for International Peace
Goldilocks pointed 👆 to this article.
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The U.S. Ambassador to Canada says that for a secure transition to clean energy, Canada and the United States must enhance their domestic mining and refining of critical minerals.
Countries are starting to rush for critical minerals.
Copper...
Many continue to sleep on this.
Read: https://x.com/goldtelegraph_/status/1719485591887245725?s=46
Goldilocks pointed 👆 to this article also.
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Protocol 20 Update:
"Soroban inches ever closer to launching on Mainnet, with the smart contracts platform now live on Testnet and the validator vote for the Protocol 20 upgrade approaching early 2024.
Soroban is built with security in mind. To further augment the platform and its cutting-edge formal verification capabilities, SDF and industry-leading security firm Certora have announced security support for Soroban.
The Anchor Platform, designed to simplify integration to the Stellar network, added a second 'standard' for on and off-ramping. This enhancement makes it easier for businesses to connect to the Stellar blockchain and offer their services through various digital wallets."
https://stellar.org/blog/foundation-news/stellar-development-foundation-q3-2023-in-review
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Consumer Confidence Index Dips as Inflation Fears Heighten
https://www.investopedia.com/consumer-confidence-index-dips-on-inflation-fears-8385026
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Goldilocks' Comments and Global Economic News Tuesday Evening 10-31-23
Goldilocks' Comments and Global Economic News Tuesday Evening 10-31-23
Good evening Dinar Recaps,
"DTCC has announced the launch of its Trade Reporting Analytics and UTI Exchange as part of its DTCC Report Hub Services."
A Unique Transaction Identifier (UTI) is sometimes called Unique Swap Identifier (USI). These are terms that identify individual transactions in the financial markets.
Goldilocks' Comments and Global Economic News Tuesday Evening 10-31-23
Good evening Dinar Recaps,
"DTCC has announced the launch of its Trade Reporting Analytics and UTI Exchange as part of its DTCC Report Hub Services."
A Unique Transaction Identifier (UTI) is sometimes called Unique Swap Identifier (USI). These are terms that identify individual transactions in the financial markets.
The United States uses the USI symbol and Europe uses the UTI symbol to represent their regulations.
Both are used in clearing swaps made in cross border international trading such as foreign currencies to clear a trade. This service launched by the DTCC allows accurate reporting on both sides of a trade going forward.
© Goldilocks
SecuritiesFinancialTimes Link
Wikipedia Link
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US Treasury to borrow $776 billion from the Federal Reserve in the final three months of 2023.
These two entities work together to raise money, and the Federal Reserve is the buyer of last resort. Does this mean that the US Treasury has run out of money? If things stay the same yes, if they raise the price of gold no.
Gold deflates an inflated economy. It is important to watch what they do with gold these last 3 months.
Our transition into gold is drawing near.
© Goldilocks
CNBC Link
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BREAKING NEWS
CHINA SECURED MINERAL COOPERATION AGREEMENTS WITH OVER TEN COUNTRIES FROM ASIA, SOUTH AMERICA, AND AFRICA DURING THE RECENT BELT AND ROAD FORUM
The strategy from China is very clear at this point.
Minerals.
Read: https://x.com/goldtelegraph_/status/1716969245115109875?s=46
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The major crash not due until 2024
https://youtu.be/_-wpO3PLYP0?feature=shared
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🚨BREAKING: RUSSIA BEGINS BUILDING CBDC ON THE #XRP LEDGER.
https://twitter.com/CryptoGeekNews/status/1719206057996611705?t=v78urmngo4-2b4nHtm-SCA&s=35
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Property investors more likely to lose money than owner-occupiers
https://headtopics.com/au/property-investors-more-likely-to-lose-money-than-48103852
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Iraq Shows Interest To Join BRICS Alliance
https://watcher.guru/news/iraq-shows-interest-to-join-brics-alliance
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The impact of international fragmentation and the role of the US dollar
https://www.bis.org/speeches/sp231028.htm
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$100,000,000,000 in Deposits Exit US Banking System in Three Weeks As Fed Survey Says Banks Face Financial Stability Risks
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Crypto growth and adoption have brought to light the global need for stablecoins regulation that has created a blend of traditional assets and blockchain technology.
Following the collapse of FTX, the United States government has sought to improve and implement regulations on digital currencies.
The US has commented on the growing supervision of banks using stablecoins.
Sir Jon Cunliffe, now former deputy governor of the BOE, believes CBDCs should fall under private companies who “Would be able to integrate and program the Digital Pound”
https://www.cryptopolitan.com/fed-sees-a-need-to-regulate-stablecoins/
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Banking Announcement:
The SBV’s Department for Management of State Foreign Exchange Reserves will take responsibility for developing SBV’s gold bar trading plans.
The State Bank of Vietnam (SBV) has issued new regulations to guide gold bar trading on the domestic market.
Source:
VNA/SGT/VNS/VOV/Dtinews/SGGP/VGP/Hanoitimes
Besides Laos and Pakistan, new yuan-clearing banks have been established in Kazakhstan and Brazil since the start of 2022.
https://www.regulationasia.com/icbc-opens-yuan-clearing-banks-in-laos-pakistan/
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Banking Announcement:
Taiwan Lawmakers Introduce Bill to Regulate Crypto
Sectormm
ByEditors, Regulation AsiaPublished on 31st October 2023
The bill will introduce a licensing system for crypto firms, along with requirements to segregate client assets and protect customer funds
https://www.regulationasia.com/taiwan-lawmakers-introduce-bill-to-regulate-crypto-sector/
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Goldilocks' Comments and Global Economic News Monday Evening 10-30-23
Goldilocks' Comments and Global Economic News Monday Evening 10-30-23
Good evening Dinar Recaps,
"The commercial banks are under heavy pressure in terms of liquidity or money management. To deal with this pressure, on one hand, various banks are borrowing from the central bank at high-interest rates under special liquidity support. On the other hand, short-term loans are taken from call money market or from other banks."
Let's take a close look at what this is telling us. Remember, on July the 1st, 2023, Banks all over the world and companies went to SOFR lending rates. In other words, banks are borrowing money from Central Banks that hold our gold and the opportunity to provide long-term loans "liquidity" to our banks under new SOFR settings. And, short-term bank loans are being borrowed from other banks.
Goldilocks' Comments and Global Economic News Monday Evening 10-30-23
Good evening Dinar Recaps,
"The commercial banks are under heavy pressure in terms of liquidity or money management. To deal with this pressure, on one hand, various banks are borrowing from the central bank at high-interest rates under special liquidity support. On the other hand, short-term loans are taken from call money market or from other banks."
Let's take a close look at what this is telling us. Remember, on July the 1st, 2023, Banks all over the world and companies went to SOFR lending rates. In other words, banks are borrowing money from Central Banks that hold our gold and the opportunity to provide long-term loans "liquidity" to our banks under new SOFR settings. And, short-term bank loans are being borrowed from other banks.
Banks get the opportunity to make money off of each other, and the Central Bank gets the opportunity to make money off other banks through borrowing at discounted rates while paying at a higher interest rate that is still less than what you and I pay.
Do you see the new standard protocols in here developing and actually being utilized to test their ability to work going further? We talked about them being in a testing phase to determine ratios between banks and the Central Bank earlier this year.
On January the 16th of 2024, final rules will be put into play with a final rule. There is a chance that it could go into play earlier, but we will have to see. This is the date we have been given so far.
Gold is currently being tested as a standard for banking protocols. In the middle of January 2024, gold will become a standard protocol for lending.
The new liquidity.
© Goldilocks
https://dailyindustry.news/banks-under-heavy-liquidity-pressure/
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👆23 US states move to reclaim gold and silver as legal tender
https://www.investorsobserver.com/news/qm-news/5538391749687833👆
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JPMorgan Chase Processing $1,000,000,000 in JPM Coin Transactions Daily, Says the Bank’s Global Payments Head
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New Partnership Makes XRP and Shiba Inu (SHIB) Purchase Seamless Across the World
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'Cryptocurrency Is Being Used To Finance Terrorism': Cynthia Lummis Urges Crypto Regulations
https://youtu.be/Z-HOxqQuU6E?feature=shared
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This week,
The digital yuan was used for the FIRST TIME in an oil transaction.
This is a very significant milestone.
In December, the Chinese President proposed that Gulf nations utilize the Shanghai Petroleum and Natural Gas Exchange for energy transactions.
In 2022, the seven Persian Gulf countries accounted for approximately 32% of global crude oil production and possessed around 49% of the world's proven crude oil reserves as of the beginning of 2021.
Remember this as digital currencies increasingly become more relevant in the global monetary system.
Look out for a detailed article on this topic in the days ahead.
Read: https://x.com/goldtelegraph_/status/1718762766109168090?s=46
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New Study Reveals American's Sentiment on the Crypto Industry
CryptoPotato Link
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BRICS: Saudi Arabia Lines Up New Trade Deals Beyond Oil
https://watcher.guru/news/brics-saudi-arabia-lines-up-new-trade-deals-beyond-oil
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Consumer Sentiment Falls on Inflation Concerns as Holidays Near
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FOMC Meeting: Will Bitcoin Price Continue Recovery Post Powell Speech?
https://coingape.com/us-feds-fomc-meet-how-would-btc-price-react-to-powell-speech/
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The Treasury has opted to extend the comment period for its proposed new rules on crypto reporting requirements by two weeks. Interested parties now have until mid-November to share their thoughts with the tax regulator.
The Treasury and Internal Revenue Service pushed back the comment deadline in response to the “strong public interest” the rule has received since first proposed in August, according to a Federal Register document scheduled to be published on Oct. 25.
The proposed rule, published in late August 2023, suggests defining digital asset “brokers” as “trading platforms, digital asset payment processors, certain digital asset hosted wallet providers and persons who regularly offer to redeem digital assets that were created or issued by that person.”
https://www.blockworks.co/news/irs-treasury-crypto-reporting-requirements
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Powell’s Gonna Have a Cow When He Sees the PCE Inflation in “Core Services,” Housing, and Non-Housing Core Services
Wolf Street Link
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The Following Are Banks To Close In The State Of Texas Permanently -
Wells Fargo 11152 S. Gessner Drive, Houston
Bank of America 2601 Preston Road, Frisco; 13350 Dallas Pkwy, Dallas
Capital One 2301 E. Riverside Drive, Austin; 2910 S. Lakeline Blvd., Cedar Park
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US Central Bank Eyeing Digital Dollar to Counter BRICS Pay
https://watcher.guru/news/us-central-bank-eyeing-digital-dollar-to-counter-brics-pay
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The World Bank is warning that oil prices could be pushed into uncharted waters if the conflict in the Middle East escalates.
The World Bank just said the quiet part out loud.
Inflation always starts with energy.
Read: https://x.com/goldtelegraph_/status/1719096485776859145?s=46
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JUST IN: US Treasury to borrow $776 billion in the final three months of 2023.
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Goldilocks' Comments and Global Economic News Sunday Evening 10-29-23
Goldilocks' Comments and Global Economic News Sunday Evening 10-29-23
Good evening Dinar Recaps,
"The Testnet successfully upgraded Wednesday, September 20 at 1500 UTC to release candidate versions of Stellar Core and Horizon. Mainnet validators will likely schedule an upgrade vote date for 6 weeks after stable releases come out, and as soon as that happens, we will update this doc to include it."
The testing period for Protocol 20 is still in progress per this article from the Stellar Network. As they said, they will update it after the vote and testing period is complete.
Goldilocks' Comments and Global Economic News Sunday Evening 10-29-23
Good evening Dinar Recaps,
"The Testnet successfully upgraded Wednesday, September 20 at 1500 UTC to release candidate versions of Stellar Core and Horizon. Mainnet validators will likely schedule an upgrade vote date for 6 weeks after stable releases come out, and as soon as that happens, we will update this doc to include it."
The testing period for Protocol 20 is still in progress per this article from the Stellar Network. As they said, they will update it after the vote and testing period is complete.
Many companies around the world have already signed smart contracts with each other to work together. This will create a shift inside a tokenized asset market due to preferences on which companies and networks have signed over their allegiance.
Many companies will begin selling their stocks to join new tokenized asset sector stocks they have new smart contracts with going forward. It will cause fluctuations in the market for a while until contracts begin to get settled and proceed.
Once the markets and the banks are synchronized, we will begin to see movement forward with new correlated assets filling in new price patterns. These new price patterns will affect every sector of the market going forward. This includes the foreign currency market on Forex.
© Goldilocks
https://stellar.org/blog/developers/protocol-20-upgrade-guide
https://www.cnn.com/jpmorgan-dimon-family-shares-sale/index.html
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Brazil Central Bank to Roll Over Currency Swaps Expiring in January
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US regulators unveil updated fair lending rules for banks
https://www.msn.com/en-ca/money/other/us-regulators-unveil-updated-fair-lending-rules-for-banks/ar-AA1iLiSA
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Fastest 100 meters by a bipedal robot - 24.73 seconds 🤖
https://youtube.com/shorts/QvfK6f_8iGE?feature=shared
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Lawrence Lepard, "fix the money, fix the world" on X
https://x.com/lawrencelepard/status/1718452736293740662?s=12&t=ARFsxO8RWWcYQAyLxMzqVA
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The four steps needed to make gold a monetary asset - Monetary Metal's Keith Weiner
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Archax Aims to Roll Out Regulated Exchange for Tokenized Assets
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Brazil Central Bank to Roll Over Currency Swaps Expiring in January
US News Link
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Global stocks have lost another $1.5tn in market cap this week on still-elevated US 10y yields and on not good enough earnings results. All stocks are now worth $98.2tn, less than global GDP. This means that the Buffett Indicator is once again below the critical level of 100.
https://twitter.com/Schuldensuehner/status/1718608842555011405?t=p9qVgWWNxTs-59RPQ2WPDQ&s=35
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Goldilocks' Comments and Global Economic News for the evening of October 28th
Goldilocks' Comments and Global Economic News for the evening of October 28th
Good evening Dinar Recaps,
We are witnessing several countries having gone through exchange rate reform guidance with the IMF as of late.
Here, we have Zimbabwe upgrading their currency exchange mechanisms. These changes will put them on par with other countries in trade on the new digital asset-based trading system.
Currently, the IMF is asking the banks of Zimbabwe to remove their currency rate restrictions, so they can accelerate their foreign currency reform market.
© Goldilocks
Goldilocks' Comments and Global Economic News for the evening of October 28th
Good evening Dinar Recaps,
We are witnessing several countries having gone through exchange rate reform guidance with the IMF as of late.
Here, we have Zimbabwe upgrading their currency exchange mechanisms. These changes will put them on par with other countries in trade on the new digital asset-based trading system.
Currently, the IMF is asking the banks of Zimbabwe to remove their currency rate restrictions, so they can accelerate their foreign currency reform market.
© Goldilocks
https://www.herald.co.zw/imf-implores-zim-to-pace-up-forex-reforms/
To gauge the impact of bitcoin spot ETF, analysts look to gold
As gold begins to take the lead in our economy through outpacing stocks, look for Bitcoin ETF opportunities, and others in the digital space begin to open up opportunities.
As gold takes the lead, it will populate price corrections through new tokenized assets being placed on the market backed by gold.
"All roads lead to gold, and gold will set us free."
© Goldilocks
https://www.blockworks.co/news/bitcoin-spot-etf-analysts-gold
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Gradually,
The entire planet is starting to get fascinated with gold.
Right as currencies race to zero against each other.
This is just history repeating.
Read: https://x.com/goldtelegraph_/status/1718008644439314798?s=46
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JUST IN: $4,550,000,000 worth of Bitcoin & Ethereum options expire today.
@WatcherGuru
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Gold is officially outperforming stocks in 2023 as October rally continues
© GoldSeek
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BRICS Currency to Facilitate International Settlements: Glazyev
The emergence of a new settlement currency is inevitable because the current international monetary situation is "irrational," the Russian economist foresees.
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As gold begins to take the lead in our economy through outpacing stocks, look for Bitcoin ETF opportunities and others in the digital space begin to open up opportunities.
As gold takes the lead, it will populate price corrections through new tokenized assets being placed on the market backed by gold.
"All roads lead to gold, and gold will set us free."
© Goldilocks
https://www.blockworks.co/news/bitcoin-spot-etf-analysts-gold
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TGTE to Launch a Global Movement for New Norms and Mechanisms for Peace and Justice
The Transnational Government of Tamil Eelam (TGTE) will take the lead in forging a global movement for peace with justice in the light of escalation of violent conflicts that have arisen in different parts of the world in recent times.
Such a global campaign for peace and justice has become more urgent today due to the threat of the Israel-Palestine conflict spreading throughout the Middle East region, with unimaginable consequences for the entire planet.
Clearly, the need of the hour is a worldwide movement for a new mechanism and new norms for peace to ensure conflict resolution through law/dialogue/diplomacy instead of raw violence.
https://www.einnews.com/pr_news/664248021/tgte-to-launch-a-global-movement-for-new-norms-and-mechanisms-for-peace-and-justice
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Remarks by the First Deputy Managing Director at the Ninth IMF-WB-WTO Trade Research Conference
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China integrates new blockchain consensus protocol into mBridge cross-border CBDC project
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RBI sets price for premature redemption of Sovereign Gold Bonds. Details here
Mint Link
👆Indian banks collaborate to promote E-Rupee adoption
https://www.cryptopolitan.com/indian-banks-collaborate-to-promote-e-rupee-adoption/
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News Friday Evening 10-27-23
Goldilocks' Comments and Global Economic News Friday Evening 10-27-23
Good Evening Dinar Recaps,
Chinese digital yuan CBDC used for first time to settle cross-border oil deal
CoinTelegraph Link
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Iraq has moved from a testing phase of utilizing their "point of sale" devices to expanding their use in all parts of the country.
Their citizens are being encouraged to use their bank cards at this point, and these cards are expected to expand beyond Iraq in their ability to be used electronically internationally.
Goldilocks' Comments and Global Economic News Friday Evening 10-27-23
Good Evening Dinar Recaps,
Chinese digital yuan CBDC used for first time to settle cross-border oil deal
CoinTelegraph Link
~~~~~~~~~~
Iraq has moved from a testing phase of utilizing their "point of sale" devices to expanding their use in all parts of the country.
Their citizens are being encouraged to use their bank cards at this point, and these cards are expected to expand beyond Iraq in their ability to be used electronically internationally.
This is all done to support their digital electronic financial inclusion in Iraq. One of the requirements for their use requires protection against fraud. Merchants are being asked to look at a customer's license before they have the privilege of using their point-of-sale electronic devices.
The use of the dinar is now moving into the private sector where retail markets can receive the benefits of their reestablished use of the dinar.
© Goldilocks
https://cbi.iq/news/view/2459
https://cbi.iq/news/view/2458
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Through the Proposed Rule, the CFPB aims to establish a framework for consumers that would allow them to authorize third parties to safely collect their personal financial data and enable access to products and services provided primarily by Fintechs. The Proposed Rule is comprehensive in scope and application, with potential impacts on a wide array of data providers (depository and non-depository institutions), third parties, and data aggregators.
https://www.jdsupra.com/legalnews/first-impressions-on-cfpb-s-proposed-5242206/
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ARMONK, N.Y., Oct. 26, 2023 /PRNewswire/ -- Today IBM (NYSE: IBM) launched Watsonx Code Assistant, a generative AI-powered assistant that helps enterprise developers and IT operators code more quickly and more accurately using natural language prompts. The product currently delivers on two specific enterprise use cases.
First, IT Automation with Watsonx Code Assistant for Red Hat Ansible Lightspeed, for tasks such as network configuration and code deployment. Second, mainframe application modernization with Watsonx Code Assistant for Z, for translation of COBOL to Java on IBM Z.1
IBM Newsroom Link
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Economics of Payments XII Conference, October 27, 2023
https://www.youtube.com/live/-RqpPr6wnkY?feature=shared
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And so it begins. The Petro Dollar is now being challenged.
PetroChina completing their first International Crude Oil Trade in Digital Yuan marks the beginning of competition between the use of the Petro Yuan or the Petro Dollar in digital oil trades.
Countries in the East are moving towards localized national currencies enabling them to make a choice going forward on which digital national currency preference they wish to use.
© Goldilocks
https://slashdot.org/story/23/10/24/0133209
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Wall Street giants are preparing a HUGE $48.3 TRILLION BAZOOKA aimed at the Crypto market!
https://youtu.be/rWHd9K6mDoU
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Deutsche Bank and Standard Chartered Test SWIFT Killer for Stablecoins and CBDCs.
The Universal Digital Payments Network instructs and allows transactions, ranging from stablecoins on public blockchains to central bank digital currencies.
CoinDesk Link
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Something consistent going on here? Big jump in RWI China shipping index. Also strong US Pacific trade from LA & LB Ports....and #China #PBoC injects RMB7.5tr since June @johnauthers @EthanYWu
https://twitter.com/crossbordercap/status/1717913186513396089?t=MAqGKQDmGwhspyemacjjTQ&s=19
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👆These ports account for approximately 64 percent of global container traffic.
Container Traffic Link
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The dollar is no longer expanding. It has been contracting for some time. And now, we have a debt crisis threatening the banking system and the markets at current inflated values.
War destabilizes economies and forces resets at their end. Look for Gold and other Commodities to begin being activated for service.
Gold will rise to deflate an inflated economy and create a bridge to new paths ahead.
© Goldilocks
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News Thursday Evening 10-26-23
Goldilocks' Comments and Global Economic News Thursday Evening 10-26-23
Good evening Dinar Recaps,
China is dumping U.S. Treasuries to buy gold - FX Empire's Zernov
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The European Payments Council has postponed the migration of Sepa payment schemes to the 2019 version of ISO 20022 by four months, to March, after concluding that "at least two large Sepa countries" couldn't be guaranteed to make the original November deadline. Therefore, while being "fully aware of the implications of this decision," a new migration date has been set for 17 March 2024.
Goldilocks' Comments and Global Economic News Thursday Evening 10-26-23
Good evening Dinar Recaps,
China is dumping U.S. Treasuries to buy gold - FX Empire's Zernov
https://headtopics.com/ca/china-is-dumping-u-s-treasuries-to-buy-gold-fx-empire-s-47582077
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The European Payments Council has postponed the migration of Sepa payment schemes to the 2019 version of ISO 20022 by four months, to March, after concluding that "at least two large Sepa countries" couldn't be guaranteed to make the original November deadline. Therefore, while being "fully aware of the implications of this decision," a new migration date has been set for 17 March 2024.
FinExtra Link
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There are a number of payment systems on the rise capable of moving money across borders. We touched on one a few months ago, but I want to get back to it again.
JP Morgan's coin (onyx) is a deposit token. It has the potential of being a payment system that goes across borders. This coin was first designed for corporate entities, but it can also be traded from bank to bank.
When this coin first came out it processed over $300 billion dollars worth of trade to test its potential. JP Morgan tells us that the JPM coin is currently handling 1 billion worth of transactions daily at the present time. They expect this system to grow.
If you remember a while back, Iraq utilized JP Morgan to set up their banks with the Onyx Network for foreign exchange trades. This is one of many payment setups that have been made in the Middle East through JP Morgan who is considered (two years ago) as the lead Bank in setting up the new digital banking system under Web 3.
"Deposit tokens refer to transferable tokens issued on a blockchain by a licensed depository institution which evidence a deposit claim against the issuer."
As you can see, there are many ways to the same place going forward in an open banking system that allows cross-border international trading to take place.
© Goldilocks
HeadTopics Link
Bloomberg Tax News Link
BusinessTimes Link
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The Japanese yen has dropped to its lowest level against the dollar in a year.
Gold is right around record highs measured against the yen.
Here we go.
https://twitter.com/GoldTelegraph_/status/1717436705459032324?t=tVEGk-a1yrJYEflN8JkxjQ&s=09
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The JP Morgan coin (onyx) and Ripple are now competitors.
@ Goldilocks
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Onyx by J.P. Morgan continues to forge a path for blockchain innovation, and news of the Onyx Digital Assets platform's first transaction using tokenized assets as collateral further cements its trailblazer reputation.
https://www.jpmorgan.com/onyx/content-hub/onyx-digital-assets-overview.htm
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Economics of Payments XII Conference, October 26, 2023
https://www.youtube.com/live/UcR4ukw6dHA?feature=shared
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FTX Considering 3 Bids to Restart the Crypto Exchange
https://www.businessinsider.com/ftx-considering-3-bids-to-restart-the-crypto-exchange-2023-10
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The Evictions Have Begun ( Housing Crisis 2.0 )
https://www.youtube.com/live/uA3lnspNhik?feature=shared
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Look for the US to have an increase in exports going forward. It is one of many ways for other countries to get rid of their dollars through buying our products.
@ Goldilocks
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Modern Treasury Joins U.S. Bank's Network
https://www.financemagnates.com/trending/modern-treasury-joins-us-banks-network/
~~~~~~~~~~
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