DINARRECAPS8 12/20/23 DINARRECAPS8 12/20/23

Goldilocks' Comments and Global Economic News Wednesday AM 12-21-23

Goldilocks' Comments and Global Economic News Wednesday AM 12-21-23
Good Morning Dinar Recaps,

2024 will be the year known as The Restructuring of the US Debt.

Investment funds continue to play a significant role in US debt restructurings. They are sophisticated investors who are able to adapt quickly to changing market conditions to find new ways to deploy capital and maximise their investments.

In the most prominent of these recent trends, investment funds have found increasingly creative ways to achieve short-term gains through new investments in distressed companies while at the same time positioning themselves to obtain longer-term pay-offs. In achieving these goals, investment funds adapt existing tactics and strategies to new situations and new aspects of US restructuring practice.

The new developments discussed offer excellent examples of the creativity and flexibility that can mark investment fund activity in US debt restructurings and demonstrate how borrowers and other institutional lenders are adapting their restructuring strategies in response to the participation of investment funds in restructuring transactions.

Goldilocks' Comments and Global Economic News Wednesday AM 12-21-23
Good Morning Dinar Recaps,

2024 will be the year known as The Restructuring of the US Debt.

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When will smart contracts be on the Stellar network?

Many assets will be merging together creating price action volatility in the first part of 2024. These fluctuations in prices will be seeking price stability that will never come until Protocol 20 comes into play on January 30th, 2024 if the vote to move forward with this new digital economy goes through.

The movement from a fiat system that has an artificial value to one that has standard values based upon digital assets supported by the commodity market will usher in the need for technological economic mechanisms to bring in real values to our Global Markets.

In January, we are going to see many transitions in the banking system and markets. Each of these are strong forces that will need direction solidified by Quantum Financial System mechanisms capable of bringing them into equanimity through artificial intelligence and smart contracts ensuring both sides of a trade are secure and efficiently processed inside cross border international trades.

Look for Soroban smart contracts to roll out the new digital asset based trading system. These new technological agreements between countries and companies from around the world will begin the process of layering numerous network connections across borders.

Look for new alignments to begin taking place never seen before in history to coordinate opportunities befitting countries that have never had the opportunity to engage on levels ever seen before. It is part of the Level Playing Field that will begin to create price pressures on all assets across all sectors of the Global Market.

These new technological mechanisms will bring the Banking System and the Global Markets into correlated values based upon standardized digital protocols.

© Goldilocks

Stellar Link

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Protocol 20 is bringing smart contracts to Stellar. They're adding the ability to code complex financial agreements and applications that live right on the blockchain.

Even better, it'll be accessible for developers across different languages like Rust, Go, and JavaScript.

Plus, it works with Stellar's existing account model so integration should be straightforward.

Coin Codex Link

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The Road to Protocol 20

* Important news: Protocol 20 releases are available today! Today, we announced the release of a full suite of software that supports Protocol 20, which will bring Soroban smart contracts to Stellar.

* Additionally, the Stellar network validators decided on a date for the vote to upgrade the Mainnet to Protocol 20 - meant to happen on January 30. Get set for a phased rollout that's all about rock-solid stability and top-notch security.

* If and when the vote goes through, it will be followed immediately by Phase 0, which zeroes in on stability and rigorous testing. In Phase 1, builders can dive in, deploying contracts on Mainnet for meticulous testing and monitoring.

* And the moment we're all waiting for—Phase 2! User-ready Mainnet signals the start of smart contracts on Stellar. Expect enriched functionalities, matching DeFi transactions of other blockchains.

* Kudos to the Stellar ecosystem for putting stability and performance first. The Stellar network is marked by transparency, collaboration, and meticulous preparation.

* Stay tuned for updates as we continue to build, scale, and elevate. For now, here is the roadmap to Mainnet and the phased approach for a smooth transition. Stellar Link

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Key dates:

[COMPLETE]: December 18 — Testnet successfully upgraded and reset

[COMPLETE]: December 19 — Protocol 20 versions of Stellar Core, Horizon, Soroban RPC and the Stellar SDKs released

January 30, 2024, 1500 UTC — Mainnet upgrade vote

https://stellar.org/blog/developers/protocol-20-upgrade-guide

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SECURITIES AND EXCHANGE COMMISSION - Final Rule

Standards for Covered Clearing Agencies for U.S. Treasury Securities and Application of the Broker-Dealer Customer Protection Rule With Respect to U.S. Treasury Securities

https://www.sec.gov/files/rules/final/2023/34-99149.pdf

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HUGE BULL MARKET CATALYST! This Is the BIGGEST Gold & Silver News Since 2011 - Andy Schectman

https://youtu.be/69vFj58ak9o?feature=shared

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DINARRECAPS8 12/19/23 DINARRECAPS8 12/19/23

Goldilocks' Comments and Global Economic News Tuesday Evening 12-19-23

Goldilocks' Comments and Global Economic News Tuesday Evening 12-19-23

Good Evening Dinar Recaps,

SHANGHAI, Dec 14 (Reuters) - "The stock exchange in China's city of Shenzhen and the Abu Dhabi securities exchange agreed to promote cross-border investment and listings in the latest flurry of co-operation between institutions in countries looking to cut reliance on the West."

Depository Trust & Clearing Corporation has a new listing. Ark 21 Shares Spot Bitcoin ETF is now listed on the DTCC. It's going through the system. Now, we have the Middle East, Asian, and US economies on their way to trading commodities on their markets.

Goldilocks' Comments and Global Economic News Tuesday Evening 12-19-23

Good Evening Dinar Recaps,

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The central banks of China and Saudi Arabia have agreed on their first currency swap to foster bilateral commerce denominated in the yuan and the riyal, opening the way for more trade to flourish in local currencies.

SCMP Link

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Washington, D.C. — "The Commodity Futures Trading Commission at its open meeting on December 13 approved the following proposed rules and a DCO application."

If you have any foreign currency to swap, you are going to enjoy what you are about to read. These four rules have been accepted and approved to move forward:

"Proposed Rule: Operational Resilience Framework for Futures Commission Merchants, Swap Dealers, and Major Swap Participants

Proposed Rule: Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants

Proposed Rule: Protection of Clearing Member Funds Held by Derivatives Clearing Organizations

Amended Application of Bitnomial Clearinghouse, LLC for Registration as a Derivatives Clearing Organization

Proposed Rule: Amendments to Swap Data Recordkeeping and Reporting Requirements"

January 2024 continues to be a month whereby many of the structural components needed to allow us to begin converting our investments are being finalized.

© Goldilocks

https://www.cftc.gov/PressRoom/PressReleases/8838-23

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"The final SEC ruling on mandatory clearing will cause a shake-up in the repo market

The market has been slow to automate, but is now moving to adapt

The Common Domain Model (CDM) holds promise for standardisation"

The Common Domain Model (CDM) is a standardized, machine-readable and machine-executable mechanism.

This mechanism is what will move the financial products through electronic trades designed to complete transactions on both sides of a trade.

The CDM is being implemented early 2024 to automate trades and clearing them through electronic measures designed to move transactions inside new Quantum Technologies.

It is move from paper and pen to automatic computations run on the QFS.

The Repo Market is a repurchase agreement that fills 1 to 2 trillion dollars worth of trades each and every day. These are short-term executions of trade often done for government securities, but many banks can often use it in making investment conversions from a centralized location or electronic mechanism that is capable of handling trades between institutions.

The Repo Market has been slow to comply to the standardization process of the QFS. Now, they have been given the green light to move forward with these new changes.

© Goldilocks

The Banker Link
ICMA Group Link
ISDA Link
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$30 Trillion Unlocked & $290 Trillion Expected Value!

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

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SA needs a universal basic income to combat unemployment

Daily Maverick Link

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Harvard law expert says ‘prescribing cash’ to low-income families improves health outcomes

Harvard Law School

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St. Paul gave $500 each month to 150 people: Here’s what happened
https://www.fox9.com/news/saint-paul-guaranteed-income-results

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JUST IN: Galaxy Digital CEO says a Spot Bitcoin ETF will be approved before January 10th.

@WatcherGuru

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The IMF just recently ended their latest consultation with Iraq. They have been given a year-long assessment of their findings and follow-up procedures regarding their new economic reforms enacted earlier this year of 2023.

At this time, they have been given the green light to do the following:

"passthrough from the exchange rate revaluation"

Let's take a closer view as to what this means. "Exchange-rate pass-through (ERPT) is a measure of how responsive international prices are to changes in exchange rates. Formally, exchange-rate pass-through is the elasticity of local-currency import prices with respect to the local-currency price of foreign currency."

Let's put this in more simple terms. Iraq is about to allow the markets to determine their new exchange rates. And, they are about to execute this new declaration beginning the first of January in 2024 in the use of Dinar currency only in International trade.

Watch the water.

© Goldilocks
IMF Link
Wikipedia Link

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DINARRECAPS8 12/18/23 DINARRECAPS8 12/18/23

Goldilocks' Comments and Global Economic News Monday Evening 12-18-23

Goldilocks' Comments and Global Economic News Monday Evening 12-18-23

Good Evening Dinar Recaps,

"The Basel Committee on Banking Supervision has issued a public consultation on proposed amendments to its standard on banks' exposures to cryptoassets." These proposed changes will flesh out the criteria needed to back stablecoins with reserve assets and require Banks to have an understanding of how these procedures work to ensure a sufficient understanding of their use.

These public comments and proposed amendments will become crypto asset standards for the next economy. The purpose of public consultation is to allow citizen input to inform policy design along with decision-making processes.

Goldilocks' Comments and Global Economic News Monday Evening 12-18-23

Good Evening Dinar Recaps,

This will be an update to a process that has already taken place and will be due on March the 28th, 2024.

© Goldilocks
https://www.bis.org/bcbs/publ/d567.htm
https://www.bis.org/press/p231214.htm

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BRICS has a secret world order plan - Here are all the juicy details

BRICS nations are strategically planning to undermine US dollar dominance, aiming to establish a new global financial order.

A potential BRICS currency could significantly impact key US economic sectors, including banking, trade, and tourism.

The upcoming 16th BRICS summit in 2024 is set to be a pivotal event in advancing this new financial paradigm and global economic rebalancing.

https://www.cryptopolitan.com/brics-has-a-secret-world-order-plan/

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Shipping, trucking, and housing markets are in decline. Several major Market sectors have been experiencing disruptions for some time.

From Covid-19 to recent wars, many markets have gone through price distortions due to inflation along with supply and demand.

On top of all of this, we are in the process of tokenizing our assets and backing this digital economy with new support levels inside the banking system with capital requirements in gold.

Never in the history of our world have we seen so much in so little time. In 2024, we are going to see several sectors of the market begin to move into real values as well as adjust to new tokenized assets backed by new gold support levels inside the bank system.

© Goldilocks

AJOT Link
Freight Waves Link
News Break Real Estate Link

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"Currency Manipulation and Exchange Rate Policies: Why the WTO needs to strengthen its monetary policies"

The World Trade Organization has been working on currency reform for some time. This is not new information, but new data showing up at the end of this year is.

The tokenization of assets backed by real values in gold is coming to a head in January 2024. It will begin to leave us with real values to work with in making currency valuations more sustainable and supportive to our new local currencies trading in several countries around the world.

The reason why we have monetary policies is to manage economic fluctuations and achieve price stability.

We are beginning to get some direction inside this area of the economy and moving forward with new guidelines and policies will help us to achieve new exchange rate values.

© Goldilocks
Modern Diplomacy Link
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Wall Street says Basel 3 ‘endgame’ will upend climate finance, Banking & Finance THE BUSINESS TIMES Link

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Oil Prices Rise As Tankers Avoid Red Sea

https://www.youtube.com/live/KDKESPgljh0?feature=shared

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"SIX Digital Exchange (SDX) offers a comprehensive blockchain-based platform for the issuing, trading, settling, and custody of digital securities. Its unique "atomic settlement" feature synchronizes trade execution, securities transfer, and payment, eliminating counterparty risks for clients."

Raiffeisen Schweiz, a leading Swiss banking group, joins the SDX. It is part of the Zurich and Basel Financial System located in Switzerland and part of the retail system.

This is the world's first fully regulated financial digital market. It is the infrastructure for digital assets transforming traditional markets.

© Goldilocks

LedgerInsights Link

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🚨STELLAR XLM🚨⚠️ALL XLM HOLDERS MUST KNOW THIS🚨DON'T GET DISTRACTED

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

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JUST IN: Grayscale CEO says Spot Bitcoin ETF approval would unlock about $30 trillion worth of advised wealth for Bitcoin.

@WatcherGuru

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Banking Announcement:

LONDON/BEIJING (Reuters) -"The London Metal Exchange (LME) is planning to launch new metals contracts using prices from the Shanghai Futures Exchange (ShFE), three industry sources familiar with the matter said, further increasing China's influence on global metals markets."

We first had India, and now, we are witnessing the Shanghai Futures Exchange supply new contracts for the Metals Market.

The commodities sector continues to grow in new contractual offerings, this will be an opportunity for gold and other commodities to break free into real values based upon supply and demand.

© Goldilocks
Market Screener Link

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DINARRECAPS8 12/16/23 DINARRECAPS8 12/16/23

Goldilocks' Comments and Global Economic News Saturday Evening 12-16-23

Goldilocks' Comments and Global Economic News Saturday Evening 12-16-23

Good Evening Dinar Recaps,

"CFTC Approves Proposed Amendments to Regulations Regarding Real-Time Public Reporting and Swap Data Recordkeeping and Reporting Requirements"

This new data collection is expected to harmonize International Data swap transactions that take place on the Forex Market. It begins on January 1st, 2024.

It is designed to create accurate and efficient reporting of the data being transferred back and forth between cross-border International trading.

The UPI is expected to adopt and use this new reporting rule on January 29th, 2024. The Unified Payments Interface is the foreign currency mechanism that India is going to use next year in International trade between countries.

Goldilocks' Comments and Global Economic News Saturday Evening 12-16-23

Good Evening Dinar Recaps,

Iraq, Vietnam, and Indonesia are three of several countries that will utilize this UPI interface.

It will allow several Banks across the world to exchange on the Forex Market under one digital mechanism.

© Goldilocks
CFTC Link 1
CFTC Link 2
CFTC Link 3
CFTC Link 4
CFTC Link 5

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Trade digitalization will boost Vietnam's connection on the global stage

"Digitalization offers opportunities for a country to engage in international trade, benefiting micro, small, and medium-sized enterprises, although there will be regulatory challenges, according to HSBC."

Vietnam is finishing up their version of the QFS system to be interfaced with the overall system this month as their assets are supposed to be tokenized as of yesterday.

Vietnam already has Basel 3 compliance to support their markets through a banking system fully compliant in commodity backing.

These new opportunities and new demands to move into the international world will begin creating price pressures on their currency going forward.

© Goldilocks

VnExpress International Link

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BRICS alliance is set to expand with 14 more countries expressing interest in joining.

This expansion represents a shift in global economic alliances, challenging traditional power structures.

The potential addition of new members indicates BRICS’s growing influence and the move towards a multipolar world order.

https://www.cryptopolitan.com/4-more-countries-lined-up-to-join-brics/

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BRICS Rises: A Changing Balance in Global Power? Modern Diplomacy Link

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Yuan Growing in Use in Cross-Border Trade

The yuan is increasingly used to settle cross-border payments with China.

Indeed, the number of transactions between China and the rest of the world settled in yuan has grown by 24% in the first three quarters of this year alone.

The yuan now accounts for more than 50% of China’s global transactions for the first time, having dislodged the once-dominant U.S. dollar earlier this year. The Kiplinger Letter Link

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AI will level the playing field for SMB warehouses

“Where we see a main change [in warehousing automation] happening next year and the next couple of years is that more mobile solutions are accessible through your phone or an app. You can bring automation and AI tools to warehouse companies that might not necessarily have the funding, time and resources to do a fully automated warehouse but still want to elevate their processes by providing warehouse automation functionality in their system to become more competitive.”

https://finance.yahoo.com/news/ai-level-playing-field-smb-170000383.html

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XRP To Unleash Trillions In Idle Liquidity & Simplify Global Transactions

https://youtube.com/shorts/6B8LZK_W8jI?feature=shared

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Global bank regulator tightens rules for inclusion in top stablecoin ranking

The standards sort stablecoins into Group 1b and Group 2

The Basel Committee proposed adjustments to banks’ exposure to crypto assets. Comments are open until March 24.

Group 1b crypto assets preferential regulatory treatment subject to existing capital framework.

Group 2 stablecoins face highly conservative capital treatment.

1b Stablecoins Appropriate composition of reserves and statistical tests to identify low-risk stablecoins.

Risk management framework to assess market, credit, liquidity, and concentration risk.

Stablecoins pegged to currencies reserves to include short-term maturities and high credit quality with a proven record of relative stability and sufficient liquidity for 'instant' redemption.

Banks to perform due diligence regularly to ensure adequate stabilization mechanisms and effectiveness.

S&P Global Ratings first assessment of 8 stablecoins this week Tether 'constrained', Frax 'weak' USDC 'strong' assessment.

https://blockworks.co/news/basel-commitee-tightens-stablecoin-rules

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What will digital transformation look like in 2024? FinTech Magazine Link

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BRICS to Make Major Announcement in 2024?

https://watcher.guru/news/brics-to-make-major-announcement-in-2024

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Ripple has joined forces with BIS on a groundbreaking initiative to reshape the global FX market.

Project Mariana has sought to revolutionize FX trading using innovative tokenized financial systems.

Successful testing of wCBDCs has demonstrated the potential for cross-border FX transactions.

Read more on DailyCoin: https://dailycoin.com/ripple-bis-aim-transform-7-5-trillion-forex-market/

👆 Goldilocks pointed to this article

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India Proposes Local Currency Use in Trade with Indonesia Jakarta Globe Link

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US to award BAE $35 million to supply chips for F-35

Big News Network Link

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DINARRECAPS8 12/15/23 DINARRECAPS8 12/15/23

Goldilocks' Comments and Global Economic News Friday Evening 12-15-23

Goldilocks' Comments and Global Economic News Friday Evening 12-15-23

Good Evening Dinar Recaps,

I gave you an article this morning to help you get an idea of what still needs to happen on January 1st, 2024 regarding the setting of rates whether it be a RV or a float. Nothing happens without support on a currency to justify a new rate. I hope these articles help you understand the process.

Having said all of this to you, we are moving into a tokenized asset-based economy that will influence new factors and new prices on every sector of the market including Forex.

At least we can say, we are on the anticipatory side of watching for something to happen at the beginning of next year. I would give you an opinion, but you already get a lot of that already.

Goldilocks' Comments and Global Economic News Friday Evening 12-15-23

Good Evening Dinar Recaps,

Let's watch for the facts. We already know of three factors that will begin to change our new digital economy, especially the currency values:

* Interest rates being higher will strengthen our currencies.

* A real value placed on gold.

* And, tokenized assets based on real values in the commodity sector and utility tokens create supportive levels of demand to justify their values.

© Goldilocks
Investopedia Link
RBA Link

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Just a reminder, this room is for people who want to know what is going on behind the scenes inside the banking system as it happens.

We don't make guesses in this room. We make one simple promise. To give you as much of a clear picture as we can on what is happening in the banking system from real sources and real contacts that do not over-inflate the truth.

No one is getting paid for the information that comes into and from this room. It is a collective effort from the hearts of those who want you to know.

© Goldilocks

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SEC Meets With Blackrock, Fidelity, Franklin Templeton, and Grayscale to Discuss Their Spot Bitcoin ETF Applications Regulation Bitcoin News

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USD Backed Stablecoin On XRP https://youtu.be/LRoSGkvSyow?feature=shared

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Fnality launches DLT wholesale payment system in UK - Ledger Insights - blockchain for enterprise

Ledger Insights Link

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2024: will this be the year of truly digital trade? FinExtra Link

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12/15/2023 Salty spoke to Okie. He has fallen 6 times in the last 5 days. He laid on he floor for around 6 hours one time. He said his balance is bad and he feels dizzy all the time. PLEASE say a prayer for him.

We have so many in need and this time of the year is hard raising funds. If Okie can raise the funds he will do another stem cell treatment. Okie Website Donation Link

Thank you from the Seeds of Wisdom Community

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DINARRECAPS8 12/15/23 DINARRECAPS8 12/15/23

Goldilocks' Comments and Global Economic News Friday AM 12-15-23

Goldilocks' Comments and Global Economic News Friday AM 12-15-23

Good Morning Dinar Recaps,

Iraq has completed all of their banking competencies required by the CBI in Iraq to meet International Banking Standards. And tomorrow, they are expected to finish their banking reforms with their managers per a recent article.

At this time, they will have two weeks to do logistics training with their employees to prepare them for working with International Exchange going forward and only using the Iraqi Dinar locally.

Iraq has signed a number of agreements around the world to begin trading beyond their borders, and they have exchanged currencies with several countries to enable them to move forward with exports and imports.

Goldilocks' Comments and Global Economic News Friday AM 12-15-23

Good Morning Dinar Recaps,

The article below is a confirmation regarding the completion of a year-long set of economic reforms. It celebrates the work that they have done to achieve International standing in the banking system.

© Goldilocks
https://cbi.iq/news/view/2486

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How Are International Exchange Rates Set? Investopedia Link

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Exchange Rates and their Measurement | Explainer | Education RBA Link

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DINARRECAPS8 12/14/23 DINARRECAPS8 12/14/23

Goldilocks' Comments and Global Economic News Thursday Evening 12-14-23

Goldilocks' Comments and Global Economic News Thursday Evening 12-14-23

Good Evening Dinar Recaps,

Baghdad (IraqiNews.com) – The Central Bank of Iraq (CBI) made a decision today to set up what will be known as the National Company for Electronic Payment Systems.

It will be in charge of creating, running, and overseeing the country’s electronic payment and litigation systems (Banking Laws). It will also be in charge of expanding the Payment Systems functionality.

Goldilocks' Comments and Global Economic News Thursday Evening 12-14-23

Good Evening Dinar Recaps,

"The primary responsibility of the CBI will be managing and supervising these systems."

© Goldilocks

https://www.iraqinews.com/iraq/iraqs-central-bank-to-set-up-e-payment-national-company/

https://cbi.iq/news/view/2485

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The World’s Copper Supply Is Suddenly Looking Scarce Finance Yahoo Link

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Banking Announcement:

"UPI To Go Global, You Will Soon Be Able To Make Payments In Dollars"

The Unified Payments Interface of India just so happens to have a contract with Iraq with the expectation of them doing trade in local currencies together.

Just hours ago, we learned that Iraq is now using the "National Company for Electronic Payment Systems" to aid them in foreign currency exchanges between countries.

This new update will open the door for seamless transactions across Global Borders with countries who have a common currency.

© Goldilocks
CNBC TV18
India Link
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X-Press Feeders to launch green shipping

The shipping company, which operates a fleet of more than 100 vessels, has 14 dual-fuel vessels on order and due for delivery from next year’s first quarter through to mid-2026. X-Press Feeders’ 14 dual-fuel ships each have 1,200-TEU capacity with a length of 148 m.

The first dual-fuel vessel, Eco Maestro, will have its maiden voyage in Q1 next year, and it will sail from Shanghai – where the ship is built – to the Port of Rotterdam via the Suez Canal.

Eco Maestro, the first biomethanol-powered ship to be built in China, will use biomethanol for its voyage to Europe. Biomethanol is a renewable energy source produced from the decomposition of organic matter, such as waste and residues.
Because biomethanol is produced from a renewable source, it is often referred to as green methanol.
Riviera MM Link

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CFTC Proposes Long-Awaited Guidance on Voluntary Carbon Credit Derivative Contracts JDSupra Link

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Basel Committee publishes consultation on targeted adjustment to its standard on interest rate risk in the banking book.

Adjustments update calibration of the standard's interest rate shock parameters and methodology used to calculate the shocks.

The measures are based on a specified set of interest rate shocks for each currency for which the bank has material positions, according to BIS. https://www.bis.org/press/p231212.htm

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SEC Set to Adopt Treasury Clearing Rules at Its Dec. 13 Meeting | Morgan Lewis - All Things FinReg

The rule changes, designed to reduce the potential for systemic risk, will require more Treasury market trades to be centrally cleared. JDSupra Link

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China, Belarus, Pledge Eurasian and Trade Development Cooperation Silk Road Briefing Link

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Breaking - Euro Stablecoin: Deutsche Bank, Others To Issue Euro-based Stablecoin CoinGape Link

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The SEC and the CFTC is reportedly on a "turf war" over who gets to regulate the crypto industry

Behnam had previously said Ethereum and stablecoins are commodities

SEC's Gensler said all crypto assets except Bitcoin are securities IB Times Link

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JUST IN: JPMorgan says Ethereum will outperform Bitcoin in 2024. @WatcherGuru

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JUST IN: 🇺🇸 SEC Chair Gary Gensler says they are taking a new look at Spot Bitcoin ETF's based upon court rulings. @WatcherGuru

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What is the summary of HR 2670?

Requires the Secretary of Defense to develop an integrated maritime domain awareness and interdiction capability in cooperation with allies and partners in the Middle East. Inserts the text of Nuclear Weapons Abolition and Conversion Act of 2023 (H.R. 2775).

https://www.congress.gov/bill/118th-congress/house-bill/2670

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DINARRECAPS8 12/13/23 DINARRECAPS8 12/13/23

Goldilocks' Comments and Global Economic News Wednesday Evening 12-13-23

Goldilocks' Comments and Global Economic News Wednesday Evening 12-13-23

Good Evening Dinar Recaps,

Today, we will hear from Jerome Powell during the Federal Open Market Committee meeting.
Many economists foresee a cautious approach in today's meeting. Most agree, there will be no rate hikes at the end of the day's meeting. Time will tell on this one of course, but it is expected that policy reviews and preparing for new directions in the coming year will be at the top of their list and on the table.

Goldilocks' Comments and Global Economic News Wednesday Evening 12-13-23

Good Evening Dinar Recaps,

Traders are pricing in future rate cuts beginning in May of 2024. Some believe that rate cuts will begin a little bit earlier.

We are going to have a short period of time between January and May of 2024 for increased demand of currencies rising to their peak levels before interest rate decreases begin.

This will allow the local currencies in the East that are newly beginning to be traded at the beginning of the year a chance to grow in value.

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How do Interest Rates Affect Currency Exchange Rate?

“In simplistic terms the higher the interest rate, the better return you get by owning the currency and so you are more likely to want to own that currency – the converse being true with lower rates.” This increased demand for the currency strengthens its value against other currencies.
https://www.nasdaq.com

Nasdaq Link

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DOLLAR DOMINANCE MONITOR (👇The next 4 Articles👇)

The US dollar has served as the world’s leading reserve currency since World War II. Today, the dollar represents 58 percent of the value of foreign reserve holdings worldwide. The euro, the second-most-used currency, comprises only 21 percent of foreign reserve holdings.

But in recent years, and especially since Russia’s invasion of Ukraine and the Group of Seven (G7)’s subsequent escalation in the use of financial sanctions, some countries have been signaling their intention to diversify away from dollars.

Over the past twenty-four months, the BRICS (a grouping of Brazil, Russia, India, China, and South Africa) have been actively promoting the use of national currencies in trade and transactions. During this same time, China has been expanding its alternative payment system to its trading partners and seeking to increase international usage of the renminbi.

https://www.atlanticcouncil.org/programs/geoeconomics-center/dollar-dominance-monitor/

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https://www.atlanticcouncil.org/programs/geoeconomics-center/dollar-dominance-monitor/

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Key takeaways:

The dollar’s role as the primary global reserve currency is secure in the near and medium term. The dollar continues to dominate foreign reserve holdings, trade invoicing, and currency transactions globally. All potential rivals, including the euro, have a limited ability to challenge the dollar in the immediate future.

All five BRICS members are seeking to reduce their reliance on the dollar. The group has so far been unable to make significant progress on dedollarization efforts, including the creation of a common currency. However, because of their combined share of global GDP, BRICS can pose a long-term challenge to the dollar’s hegemony.

Alternative financial plumbing may be a leading indicator that precedes any shift away from dollars. To assess the dollar’s relative strength at present, and anticipate its future status, it is critical to track the rise of competing financial settlement networks and payments architecture.

With the goal of creating a multipolar and less dollar-dominated financial system, China has accelerated its development of alternative payment systems. China’s Cross-Border Interbank Payment System (CIPS)—a renminbi settlement mechanism—has grown rapidly to include 119 direct and 1,304 indirect participants around the world.

China has actively exchanged renminbi directly with its trading partners’ central banks to boost their renminbi reserves.

Russia is now the most active client of the People’s Bank of China. The two countries’ central banks can exchange up to $1.4 billion worth of rubles and yuan every day.

If Beijing were to allow more free movement of renminbi in and out of the country, it would significantly enhance the international appeal of its currency. However, even without a policy change, the renminbi possesses some characteristics of a reserve currency and can continue to slowly grow its share in global payments.
https://www.atlanticcouncil.org/programs/geoeconomics-center/dollar-dominance-monitor/

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https://www.atlanticcouncil.org/programs/geoeconomics-center/dollar-dominance-monitor/

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Central Asian Economies Look To Digitize Silk Road Briefing Link

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"First US Crypto Accounting Rules to Capture Token Highs, Lows

* Crypto to be measured at fair value under new FASB rules
* Rules go into effect in 2025 but earlier adoption allowed"

Okay, here we go. The Financial Accounting Standards Board (FASB) ON CRYPTO WILL GO INTO EFFECT THE EARLY PART OF 2025.

This does not mean that we have to wait for new values to start showing up and floating upwards to these real values that will be adopted the early part of 2025.

The FASB said in this article that crypto adoption can be done earlier. This means that all of next year we are going to see a float in the cryptocurrency sector of the market begin rising to their real value with a culminating point at 2025.

At that point, we will see standard values or a revaluation in cryptocurrencies that will survive and thrive in the new economy.

Remember, these new tokens are being attached to our current traditional assets, and these two Market sectors will be supported by gold and other commodities.

© Goldilocks
Bloomberg Tax Link

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The Coming Economic Transfer - The Economic Ninja

https://www.youtube.com/live/UQIQoUzxMo4?feature=shared

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They Will Create 50% Stock Market Crash to Usher in CBDCs in 2024 Warns Edward Dowd

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

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👆 Potentially, this is possible. Yet, we are going to see some sectors of the market go that far down or more throughout the year in 2024 until they reach a real value.

We are expected to be in a Bear Market for the first half of the year. And then, we are hoping for the best and a bull market to surface.

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Iraq, UAE agree to finance trade, imports in UAE dirham Middle East Monitor Link

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FedNow may have spurred RTP adoption Banking Dive Link

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Imagine waking up, and the value of your currency was cut in half overnight.

This is the reality for the people of Argentina.

This is why you have some gold.

Read: https://x.com/goldtelegraph_/status/1734997469703066104?s=46

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FOMC Press Conference December 13, 2023

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

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Breaking News:
The Fed holds rates steady.

@ Goldilocks

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The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond. 3 mins ago (Posted at 2:03 pm ET)
https://www.cnbc.com › 2023/12/13

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* Keep in mind. The Federal Reserve has never in the course of history lowered interest rates unless things are going bad.

@ Goldilocks

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Can you feel it yet? Everything changes in 2024. Get on the right side of these assets... NOW

@ Goldilocks

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Freedom Fighter ©

🛎Cross Border payments connecting ASIA and (MENA - Middle East & North Africa)

🟢When you connect cross-border payment systems you have the technology to connect CURRENCIES & ASSETS❗️

🛎PAYING ATTENTION YET❓😃

European Business Magazine Link

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Warren Buffett Has Been Involved With XRP Since 2014! Never SEEN Before Evidence Has Surfaced! [WOW] https://youtu.be/_Szce1MXkkc?feature=shared

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Cop28: landmark deal to ‘transition away’ from fossil fuels agreed – as it happened The Guardian Link

👆 Goldilocks pointed to this article

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CFTC chair says most cryptocurrencies are commodities under current laws Crypto Slate Link

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Latin America Takes the Lead as Stablecoin Global Settlements Reach $7 Trillion Crypto Potato Link

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Next year, we are looking at several countries beginning to trade in their own local currencies.

This could lead to not enough buyers for the US Treasuries. What is the end result?

The dollar will fall, and gold will rise.

© Goldilocks

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All roads lead to gold, and gold will set us free.

© Goldilocks

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DINARRECAPS8 12/12/23 DINARRECAPS8 12/12/23

Goldilocks' Comments and Global Economic News Tuesday Evening 12-12-23

Goldilocks' Comments and Global Economic News Tuesday Evening 12-12-23

Good evening Dinar Recaps,

HSBC is pioneering trade solutions in cross-border international trading.

Their current focus is on Bank Guarantees. This allows you to make a foreign currency exchange within minutes through a bank guarantee. A bank guarantee secures payment security on both sides of a trade allowing you to do it quickly, even though, it may take days to completely clear inside the banking system. Agreements between two banking entities allow this process to take place through a bank guarantee.

Goldilocks' Comments and Global Economic News Tuesday Evening 12-12-23

Good evening Dinar Recaps,

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$2 trillion Saudi Aramco mulls partnership with Japan’s crypto group SBI

With the signing of a basic agreement for a business partnership with Saudi Aramco (SAOC), Japanese cryptocurrency financial group SBI Holdings has announced it is considering a partnership with Saudi Arabia’s state-owned oil company.

Indeed, this partnership envisions the joint development of projects such as the construction of semiconductor factories on territories of both Japan and Saudi Arabia, as well as co-investing in each other’s digital asset portfolios, according to a report published on December 11.

Specifically, the collaboration would take place in three areas – cooperation and mutual investments in the cryptocurrency field, discovery and support of Japanese crypto startups interested in expanding to Saudi Arabia, and launch of projects related to semiconductors, such as establishing factories in both countries.

As it happens, SBI has been actively pursuing initiatives in the Middle East, particularly regarding the establishment of investment funds in partnership with local partners. To this end, it also plans the introduction of ‘SBI Middle East’ in Riyadh, which would help promote Japanese crypto startups in Saudi Arabia.

https://finbold.com/2-trillion-saudi-aramco-mulls-partnership-with-japans-crypto-group-sbi/6

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"BIS gold swaps rose 47% to 100 tonnes in November"

"BIS refuses to explain its activities in the gold market, nor for whom the bank is acting. The BIS has almost certainly acted on behalf of central banks, as they are the BIS’ owners."

We are not getting much information about why this is happening. It is in fact a lot of gold swapping of course to be for no reason.

It could be for gold or currency intervention purposes. Currency interventions is definitely a possibility as we enter into the new year, or more gold could be needed to facilitate a backing for banks going forward under New Capital Requirements under Basel 3 taking place in the middle of January 2024.

Time will tell.

© Goldilocks
https://goldseek.com/article/bis-gold-swaps-rose-47-100-tonnes-november

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BREAKING NEWS IRAQ SAYS CIA SENT WARNING RE: Safety of Troops

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

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Sharp Fed Liquidity Drain Hints at Early End for Balance Sheet Runoff

The WealthAdvisor

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Swift has successfully tested a global trade interoperability solution in collaboration with BNY Mellon, Deutsche Bank and four electronic bills of lading (eBL) platforms. Swift Link
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JPMorgan Onyx Technology: Revolutionizing DEFI Blockchain
https://www.newstrail.com/jpmorgan-onyx-technology-defi-blockchain-reboot/

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Ripple Revolutionizes Cross-Border Payments with Massive XRP Upgrade to Conquer Trillion-Dollar Markets CryptoNewsFlash Link

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JUST IN - El Salvador to issue bitcoin bonds in first quarter of 2024

READ: https://insiderpaper.com/el-salvador-to-issue-bitcoin-bonds-in-first-quarter-of-2024/

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World’s First Bitcoin Bonds Receive Regulatory Approval in El Salvador

Bitcoin (BTC) Bonds in El Salvador Swing Closer to Reality as Price Targets $45,000
Coin Desk LInk

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SEC Cybersecurity Breach Rule: What it Means for MSSPs MSSP Alert Link

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Supply And Demand In Currency Markets Forbes Link

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BREAKING: The U.S. budget deficit widens to $314 billion in November. Well above forecast, and up from $249 Billion the same month a year ago.
GM

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JUST IN: 🇺🇸 SEC holds a meeting with BlackRock to discuss its Spot Bitcoin ETF. @WatcherGuru

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"Oil inventories fall by 2.3M barrels last week: API" Investing Link

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DINARRECAPS8 12/11/23 DINARRECAPS8 12/11/23

Goldilocks' Comments and Global Economic News Monday Evening 12-11-23

Goldilocks' Comments and Global Economic News Monday Evening 12-11-23
Good evening Dinar Recaps,

Banking Announcement:
A US Congressional Bill HR 8950 is set for a vote in January 2024 that will cement cryptocurrencies as commodities and not securities.

All crypto on the blockchain will be regulated as a commodity by the CFTC - this will be signed into US law as early as January when the H.R.8950 - Digital Commodities Consumer Protection Act of 2022 - goes for final vote and presidential signature.

Goldilocks' Comments and Global Economic News Monday Evening 12-11-23
Good evening Dinar Recaps,

The SEC will get jurisdiction on Securities backed by crypto assets like Spot ETFs.

https://youtu.be/4ZekspEA-b4 https://youtu.be/4ZekspEA-b4

© Bull Runners

Banks who are prepared to make their move in January 2024 will benefit greatly from this decision. They will be able to revalue their gold reserves.

Once this legislative bill is signed into law, it will create a market signal for gold to run to its real value.

It will begin creating price pressures on the Commodity Market, Cryptocurrency Market, and all Tokenized Assets in the Market backed by gold and other commodities.

This will begin to reset prices across all sectors of the Global Market.

© Goldilocks
Congress Link

"This bill grants exclusive jurisdiction to the Commodity Futures Trading Commission over activity involving digital commodities as specified by the bill.

The bill defines digital commodities as fungible digital forms of personal property that can be transferred from person to person without an intermediary. Excluded from this definition are securities, interests in physical commodities, and U.S.-backed digital currencies. The commission does not have jurisdiction over digital commodities used solely for the purchase or sale of a good or service.

Digital commodity platforms (including brokers, custodians, dealers, and trading facilities) must register with the commission and comply with risk management and good governance procedures. The bill also sets forth recordkeeping requirements, conflict of interest standards, and other consumer protections."

And more...

"Google will allow ads for U.S. based-crypto trusts from January, with the change seemingly coming in the same month that spot Bitcoin ETFs are predicted to be approved.

In a Dec. 6 policy change log, Google said its crypto and related products ad policy will be updated on Jan. 29, 2024, to allow ads from “advertisers offering Cryptocurrency Coin Trust targeting the United States.”

Cryptocurrency Coin Trusts were exampled as “financial products that allow investors to trade shares in trusts holding large pools of digital currency” — likely including ETFs.

https://en.bitcoinsistemi.com/google-announces-a-change-in-its-cryptocurrency-policy/

👆 Goldilocks pointed to this 👆

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Banking Announcement:

Cantons of Basel, Zurich have moved from their pilot program to settling their digital bonds with wholesale CBDCs.

The settlement happened on December 1, 2023 as part of Project Helvetia Phase III. This project was first announced by the Saudi National Bank in November 2023.

"The initiative explores real-world use cases of a wholesale CBDC for commercial banks and is designed to run until the middle of 2024."

© Goldilocks

https://coingeek.com/cantons-of-basel-zurich-settle-digital-bonds-with-wholesale-cbdcs/

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Banking Announcement:

“IBM applauds EU negotiators for reaching a provisional agreement on the world’s first comprehensive AI legislation. We have long urged the EU to take a carefully balanced approach, focused on regulating high-risk applications of AI while promoting transparency, explainability, and safety among all AI models. As lawmakers work through the remaining technical details, we encourage EU policymakers to retain this focus on risk and accountability, rather than algorithms.

We share the goals of enabling AI’s safe and trustworthy development and creating an open, pro-innovation AI ecosystem, and recognize that both government and industry have roles to play. Recently, IBM announced watsonx-governance (https://www.ibm.com/products/watsonx-governance) to provide organizations with the toolkit they need to manage risk, embrace transparency, and anticipate compliance with AI-focused regulation like this.

IBM looks forward to working with the EU institutions, governments, and other stakeholders to support the responsible uptake and governance of AI so its benefits are enjoyed broadly across business and society.” https://newsroom.ibm.com/IBM-Statement-on-the-Landmark-EU-AI-Act

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Protocol 20 Announcement:

"Stellar’s Galactic Reset: Protocol 20 Upgrade Shines Bright on December 18th"

"The Stellar network has been preparing to support smart contracts through the Soroban platform that has been in development for the past two years with an initial funding of $100 million.

Anyone who runs Stellar-associated software has been informed to update the respective versions before January 30, 2024, when the public network will be upgraded to enable it to support DeFi protocols." CryptoNewsFlash Link

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New Banking Settlement Announcements:

China is persuading African nations to use the Chinese Yuan instead of the US dollar for cross-border transactions as it moves to expand the BRICS alliance.

Zambia exports raw and processed copper to China each year for $2 billion. China is pushing de-dollarization by encouraging Zambia to pay for copper using the Yuan.

China has been instrumental in promoting the de-dollarization movement across many developing countries, including those in Africa.

https://www.cryptopolitan.com/brics-to-ditch-dollar-in-2b-copper-deal/

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Today’s sale of 3-year Treasury notes was met with low demand, with *primary dealers forced to take on a large portion of the treasury sale to make up for a lack of bidders.

*Primary dealers are trading counterparties of the New York Fed in its implementation of monetary policy. Primary dealers are expected to make markets for the New York Fed on behalf of its *official accountholders.

*Official accountholders for the NT Fed are the U.S. government, foreign governments, other central banks, and official international organizations.

From Greg Mannarino

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The average perceived probability of missing a minimum debt payment over the next three months decreased by 0.2 percentage point to 11.8% in November, a level comparable to those prevailing just before the pandemic.

After reaching its lowest reading in three years last month, the median expected year-ahead change in taxes (at current income level) bounced back by 0.3 percentage point to 4.1% in November.
Median year-ahead expected growth in government debt increased to 10% in November from 9.8% in October.
The mean perceived probability that the average interest rate on saving accounts will be higher in 12 months decreased by 0.8 percentage point to 29.5%.

Perceptions about households’ current financial situation were mostly unchanged compared to last month. In contrast, consumers were more optimistic about their year-ahead financial situation with a smaller share expecting to be worse off.

The mean perceived probability that U.S. stock prices will be higher 12 months from now rose by 2.3 percentage points to 36.5%.

About the Survey of Consumer Expectations (SCE)
The SCE contains information about how consumers expect overall inflation and prices for food, gas, housing, and education to behave. It also provides insight into Americans’ views about job prospects and earnings growth and their expectations about future spending and access to credit.

The SCE also provides measures of uncertainty regarding consumers’ outlooks. Expectations are also available by age, geography, income, education, and numeracy.

The SCE is a nationally representative, internet-based survey of a rotating panel of approximately 1,300 household heads. Respondents participate in the panel for up to 12 months, with a roughly equal number rotating in and out of the panel each month.

Unlike comparable surveys based on repeated cross-sections with a different set of respondents in each wave, this panel allows us to observe the changes in expectations and behavior of the same individuals over time. For further information on the SCE, please refer to an overview of the survey methodology here, the interactive chart guide, and the survey questionnaire
Contact Mariah Measey (347) 978-3071 Mariah.Measey@ny.frb.org

An Overview of the Survey of Consumer Expectations

https://www.newyorkfed.org/medialibrary/media/research/epr/2017/epr_2017_survey-consumer-expectations_armantier.pdf

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Swiss finance sector told to ‘green’ up its act

https://www.swissinfo.ch/eng/swiss-finance-sector-told-to--green--up-its-act/49036014

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Navigating Currency Exchange Risks With Multicurrency Accounts Forbes Link

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BREAKING: REPORTS SUGGEST #XRP TO BE BACKED BY GOLD IN 12-24 MONTHS BY THE BRITISH MULTI-NATONAL BANK.

https://twitter.com/CryptoGeekNews/status/1733979142629032430?t=Y8Zlk2frsDdcSHa-KDlLBw&s=35

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JUST IN: $150 million liquidated from the crypto market in the past 45 minutes. @WatcherGuru

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I've NEVER BEEN MORE BULLISH ON SILVER! This Is Will Be the Catalyst for 100 Oz - Andy Schectman

https://youtu.be/CGy05tBrRuA?feature=shared

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Thank you Dinar Recaps

DINARRECAPS8 12/10/23 DINARRECAPS8 12/10/23

Goldilocks' Comments and Global Economic News Sunday Evening 12-10-23

Goldilocks' Comments and Global Economic News Sunday Evening 12-10-23

Good Evening Dinar Recaps,

Report: 2023 global shipping trends and the route to 2024- Logistics Middle East

"According to Container xChange’s Trends and Impacts annual report, the sector has been largely influenced by the comparatively subdued growth in container demand, driven by a host of adverse economic influences, including surging inflation, heightened interest rates, and consequent shifts in consumer spending patterns." The shipping landscape has changed significantly along with consumer sentiment. At this time, consumers have cut their spending on non-essential goods by 74%, and it is expected to carry on into 2024.

Goldilocks' Comments and Global Economic News Sunday Evening 12-10-23

Good Evening Dinar Recaps,

Report: 2023 global shipping trends and the route to 2024- Logistics Middle East

Uncertainty about the global economy is forcing many people to pull back from spending their money on items beyond their essential needs.

This will slow down money velocity between countries. It will cause overstock in merchant products creating more competition for those who still have money to buy goods that remain in their warehouses.

Many price variations and correlations will begin to surface in 2024 causing both volatility and new price pressures on goods and services across the markets.

New networks are beginning to form in the new digital economy, and these new connections will formulate opportunities and jobs unlike any we have seen before.

The world is changing. It is time to get on the right side of these new digital assets coming into play. Nothing can stop what is coming. Container xChange’s

© Goldilocks
https://www.logisticsmiddleeast.com/analysis/2023-shipping-trends

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BEIJING: China's Commerce Minister Wang Wentao met Saudi Arabia's Minister of Investment Khalid Al-Falih in Beijing on Sunday and discussed expanding cooperation in trade and investment, the Chinese commerce ministry said.

China and Saudi Arabia central banks sign local currency swap agreement

China is willing to work with Saudi Arabia to jointly promote the Belt and Road initiative and Saudi Arabia's "Vision 2030" initiative, the ministry quoted Wang as saying, adding that the two countries would also expand cooperation in energy and resources, infrastructure and technology.

https://www.brecorder.com/news/40277767

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Alchemy Pay (ACH): The Payment Solution Service Provider

Alchemy Pay is a payment service provider. It is a bridge builder between the old fiat currency and the new digital world of cryptocurrency.

Alchemy Pay is an open-source protocol system that can rapidly produce development platforms for crypto and Fiat systems to be bridged together in our next economy.

They have integrated the world of traditional payment programs with Blockchain Decentralized Ledger Technologies.

This is what we have been going over for the last 2 years in this room. We have been looking at how international law, government legislation, and the financial system work together to build a new decentralized digital economy based upon traditional markets and banking systems as a foundation to build upon.

We have come a long way my friends.

© Goldilocks
The Coin Republic Link

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Price pressure on gold after "Goldilocks" U.S. jobs data

We are finding, as of late, that there are many ways for foreign currency or cross-border payments to move across borders through the new digital payment system.

Many Quantum Technologies are currently interfacing their digital systems together as we speak.

Traditional Assets are continuing to be tokenized, and they will have a real-world value when gold is finally set free to support them.

Watch gold.

© Goldilocks
Kitco News Link

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China is rushing to secure uranium, gold, and copper.

Pick a mineral, and you will see China trying to secure it.

This is all part of their strategy.

I have been documenting this for years.

Elements are the ultimate form of leverage.

Read: https://x.com/goldtelegraph_/status/1733919486938681561?s=46

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FOMC Meeting December 2023 Date and Time: Jerome Powell-led Panel To Announce Decision On US Interest Rates This Week

Markets News, Times Now News Link

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NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2024

CONFERENCE REPORT to Accompany H.R. 2670

https://www.armed-services.senate.gov/imo/media/doc/fy24_ndaa_conference_report1.pdf

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As the $886 billion 2024 National Defense Authorization Act bill clears its final hurdles, crypto regulations are left to future debate.

https://cryptoslate.com/2024-u-s-defense-bill-drops-crypto-rules-from-legislation/

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From the Paris agreement to COP28, how oil and gas giants try to influence the global climate agenda
The Conversation Link

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Benefits of Accelerating the Climate Transition Outweigh the Costs IMF Link

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