Goldilocks' Comments and Global Economic News Saturday Evening 11-4-23

Good evening Dinar Recaps,

The US Securities and Exchange Commission (SEC) has finalized a rule requiring certain parties to report their securities lending transactions to a registered national securities association (RNSA). The Financial Industry Regulatory Authority, Inc. (FINRA), currently the only RNSA, must now adopt rules implementing the infrastructure for such reporting and dissemination.

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 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 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 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 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 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 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 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.