Goldilocks' Comments and Global Economic News Friday Evening 12-29-23
Goldilocks' Comments and Global Economic News Friday Evening 12-29-23
Good Evening Dinar Recaps,
"Since 1979, the Federal Emergency Management Agency (FEMA) has been the Federal Government's lead agency in responding to and recover- ing from many of the Nation's greatest moments of crisis."
India is proposing New Foreign Exchange Rules. Stakeholders have been invited to share their comments regarding FEMA involvement on the draft Licensing Framework for APs. These comments will be accepted until January 31st, 2024.
APs stands for authorized persons to oversee the new functions and standards of their Foreign Currency Exchange Department.
The purpose of these actions will be to carry out the implementation of operational efficiency in their delivery of foreign currency exchanges going forward. This will cover all areas of an economy where exchanges take place such as airports and tourist exchange centers.
Goldilocks' Comments and Global Economic News Friday Evening 12-29-23
Good Evening Dinar Recaps,
"Since 1979, the Federal Emergency Management Agency (FEMA) has been the Federal Government's lead agency in responding to and recover- ing from many of the Nation's greatest moments of crisis."
India is proposing New Foreign Exchange Rules. Stakeholders have been invited to share their comments regarding FEMA involvement on the draft Licensing Framework for APs. These comments will be accepted until January 31st, 2024.
APs stands for authorized persons to oversee the new functions and standards of their Foreign Currency Exchange Department.
The purpose of these actions will be to carry out the implementation of operational efficiency in their delivery of foreign currency exchanges going forward. This will cover all areas of an economy where exchanges take place such as airports and tourist exchange centers.
As you can see, a lot of management takes place behind the scenes of even the Banking and Market systems. Although it doesn't seem fast enough, we are moving forward.
Many people hold currencies the RBI will be moving through their system under their new digital asset-based trading payment system called the UPI.
The Unified Payments Interface (UPI) will be involved with moving the Iraqi Dinar, Indonesian Rupiah, Vietnamese Dong, US Dollar, Indian Rupee, and other currencies. These currencies used to utilize the US Dollar in trade, and now, they are beginning to use their own local currencies. Each will be given a watchful set of eyes to make sure foreign currency exchanges begin the process of new money flow efficiently and safely on a Global scale.
© Goldilocks
Arabian Business Link
Money Control Link
FEMA Link
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Folks, this transition is a big deal, and it involves more than just you and I receiving money.
A lot of time and effort has gone into making this Global monetary transition as easy and safe as possible.
2024 is the projected year for this transition. It will not be done in a single day. We will stay informed as to what the banking system is doing behind the scenes and report our findings as soon as we can.
This is why I've been working with Salty and her Seeds of Wisdom team on putting information on her website in case we have trouble with social media sites.
© Goldilocks
https://www.seedsofwisdomteam.com/
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Press release: Basel Committee consults on targeted adjustments to tighten its standard on banks' exposures to crypto assets https://www.bis.org/press/p231214.htm
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December brings flurry of Treasury activity against virtual currency services DLA Piper Link
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"Bitcoin bulls and bears prepare for end-of-year $10B BTC options expiry – Nusrat Computer"
"Bitcoin’s (BTC) market is preparing for a $10.1 billion options expiry, a significant event set to occur on Dec. 29 at 8:00 am ET. The latest data indicates that call (buy) options hold a clear advantage, but bears could significantly limit their losses by pushing Bitcoin’s price below $42,000." Nusrat Computer Link
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Fifth of Global Oil Trade Used Non-Dollar Currencies in 2023 OilPrice Link
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BRICS: 130 Nations Move Toward CBDC, US Dollar at Risk
https://cryptorank.io/news/feed/cc19e-brics-130-nations-move-toward-cbdc-us-dollar-at-risk
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BRICS revolution: UAE and China announce mega trade shift using local currencies
https://www.cryptopolitan.com/uae-and-china-to-settle-trade-in-yuan/
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Pix (Brazil), UPI (India), and FedNow (US) are all payment infrastructures designed to interconnect various financial institutions within the countries in which they operate, facilitating the capability for instant 24/7/365 payments between these institutions.
https://paymentscmi.com › insights
Comparing RTP systems: Pix, UPI, and FedNow
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Bob Kudla – There Is One Chart That Explains Where We Are Headed, Market Correction
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2024 will go down in history as the year Market Corrections took place across the globe.
© Goldilocks
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SILVER ALERT! COMEX Silver Exchange is DYING as Physical Silver DISAPPEARS! Lowest 1st Day EVER! (Bix Weir)
The 2024 COMEX Silver market is starting with a Whimper and NOT a BANG!
On the 1st day of notification ALL the traders in COMEX Silver combined only stood for 28 Contracts on the first delivery day in January 2024!
That's like it's not even relevant but WHY is an exchange that SETS the global price for silver NOT EVEN DELIVERING PHYSICAL SILVER?
Is it because THEY ARE OUT of available Physical Silver?!
Time will tell but You know where you should be positioned in 2024...VERY LONG PHYSICAL SILVER!
https://www.youtube.com/watch?v=rA4bBLimgLs
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Goldilocks' Comments and Global Economic News Thursday Evening 12-28-23
Goldilocks' Comments and Global Economic News Thursday Evening 12-28-23
Good evening Dinar Recaps,
Spot bitcoin ETF approval may be coming in January, experts say.
Investors await approval for the first U.S. spot bitcoin exchange-traded fund, which would be a milestone for cryptocurrency investors.
Discussions between the Securities and Exchange Commission and asset managers with pending spot bitcoin ETF applications have advanced.
Still, bitcoin "remains an extremely volatile and speculative asset,” said Bryan Armour, director of passive strategies research for North America at Morningstar.
Goldilocks' Comments and Global Economic News Thursday Evening 12-28-23
Good evening Dinar Recaps,
Spot bitcoin ETF approval may be coming in January, experts say.
Investors await approval for the first U.S. spot bitcoin exchange-traded fund, which would be a milestone for cryptocurrency investors.
Discussions between the Securities and Exchange Commission and asset managers with pending spot bitcoin ETF applications have advanced.
Still, bitcoin "remains an extremely volatile and speculative asset,” said Bryan Armour, director of passive strategies research for North America at Morningstar.
https://www.cnbc.com/2023/12/26/spot-bitcoin-etf-approval-may-be-coming-in-january-2024.html
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Fincen issues final beneficial ownership access rule American Banker Link
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Stablecoins are cryptocurrencies designed to maintain a stable value, often pegged to a 1:1 relationship with a fiat currency. As a result, absent a depegging, stablecoins do not demonstrate the volatility that is associated with other cryptocurrencies.
Because of their stability, stablecoins form a bridge between traditional finance and decentralized finance capabilities by making it easier for businesses and individuals to conduct transactions and make investments.
S&P Global Ratings Stablecoin Stability Assessment is designed to provide market stakeholders with transparency into the stability of various stablecoins and specific insight into their depegging risks.
SP Global Link
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"The Financial Accounting Standards Board (FASB) has issued a new accounting standard to improve the accounting for and disclosure of certain crypto assets."
This new standard will give companies the ability to fairly account for the cryptos they hold.
These particular cryptos have been tested on the market to determine fair market values that will enable standard protocols in their net worth and use.
These news standards will provide guidelines to enable companies to assess and report the real values of the cryptos they hold.
Early adoption is encouraged at the beginning of the new fiscal year and mandatory adoption is expected on December the 15th 2024.
© Goldilocks
FASB Link
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Stellar Crypto Releases Guide on How to Prepare for January 30, 2024 Mainnet Upgrade Vote
On December 18, Stellar upgraded and reset its testnet, followed by the release of the new protocol 20 version of Stellar Core, Horizon, Soroban RPC, and the Stellar SDK. According to Stellar, its network validators will vote on the initiation of its mainnet upgrade on January 30, 2024, 15:00 UTC.
On the assumption that this upgrade would occur, Stellar released a guide for businesses and developers on its network to follow. The guide mostly included instructions on installing the upgraded version of Stellar-related software so that it would be compatible with the new Protocol 20 versions.
The general objective of this upcoming upgrade is focused on enhancing functionality, performance, security, and stability, which will positively impact Stellar. See the mainnet roadmap for more details.
https://biz.crast.net/stellar-xlm-launches-mainnet-upgrade-plans-axie-infinity-axs-unveils-axie-parts-evolution-everlodge-eldg-disrupts-established-nft-protocol/
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Businesses and Corporations have until January the 30th, 2024 to upgrade their computer systems to the new digital asset-based trading system (QFS) inside Protocol 20.
© Goldilocks
https://biz.crast.net/stellar-xlm-launches-mainnet-upgrade-plans-axie-infinity-axs-unveils-axie-parts-evolution-everlodge-eldg-disrupts-established-nft-protocol/
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JPMorgan is Starting to get Loud about Its Blockchain Products
J.P. Morgan, one of the world’s leading financial institutions, has recently announced that it is ramping up its efforts to promote and expand its blockchain product suite, Onyx. Onyx is a platform that leverages distributed ledger technology (DLT) to provide innovative solutions for payments, clearing and settlement, trade finance, and digital asset management. Tekedia Link
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Introduced in House (01/09/2023) To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.
https://www.congress.gov › house-billText - H.R.25 - 118th Congress (2023-2024): FairTax Act of 2023 | Congress.gov
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Will 2024 be the year tokenization takes off in private markets? Ledger Insights Link
👆 Goldilocks pointed to this article
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Unfair foreign pricing and government subsidies distort the free flow of goods and adversely affect American business in the global marketplace. Enforcement and Compliance, within the International Trade Administration of the Department of Commerce, enforces laws and agreements to protect U.S. businesses from unfair competition within the United States, resulting from unfair pricing by foreign companies and unfair subsidies to foreign companies by their governments.
https://www.trade.gov/us-antidumping-and-countervailing-duties
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The Advisory Committee on Supply Chain Competitiveness was formed to provide the Secretary of Commerce with detailed advice on the elements of a comprehensive national freight infrastructure and freight policy to support U.S. supply chain and export competitiveness. The Committee’s work is intended to further the Administration’s export, economic, and job growth goals.
Per the charter, the Committee advises the Secretary on the necessary elements of a comprehensive, holistic national freight infrastructure, and a national freight policy designed to support U.S. export growth, foster national economic competitiveness, and improve U.S. supply chain competitiveness in the domestic and global economy.
https://www.trade.gov/advisory-committee-supply-chain-competitiveness
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IndusInd Bank launches ‘eSvarna’, India’s first Corporate Credit Card on RuPay network
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The empty vault’s heavy steel door stood ajar at the end of November beside the last unclaimed silver proof coins set in piles to be sold at auction. Inquirer Link
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Ray Dalio, who’s worth $19.1 billion dollars warns that Biden’s inflation will send America back to the 1970s. So when that happens…
“You want things that are basically anti-money… you want gold.”
John Paulson, who’s worth $3 billion dollars said central banks have been replacing dollars with gold, and we’re just at the beginning of that trend… “Gold will go up and the dollar will go down, so you’d be better off keeping your investment reserves in gold at this point.”
Naguib Sawiris, who’s worth $3.4 billion dollars says 20 to 30% of your portfolio should be in gold for a very good reason:
“Let’s say inflation comes in and there is a crash in the stock market for any reason or the other, then you will be very happy you have a position in gold.”
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Mortgage Rates Dropped a Lot but Clearly Not to the Magic Level. Buyers’ Strike Continues. Issue Is Price Wolf Street Link
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Names Connected To Epstein Ready To Be Released, [DS] Cover Up Will Bring It All Down – X22 Report - Ep. 3245
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Goldilocks' Comments and Global Economic News Thursday AM 12-28-23
Goldilocks' Comments and Global Economic News Thursday AM 12-28-23
Good Morning Dinar Recaps,
The economic and political conditions of a country can also cause a currency's value to fluctuate. While investors enjoy high-interest rates, they also value the predictability of an investment. This is why currencies from politically stable and economically sound countries generally have higher demand, which, in turn, leads to higher exchange rates.
Goldilocks' Comments and Global Economic News Thursday AM 12-28-23
Good Morning Dinar Recaps,
The economic and political conditions of a country can also cause a currency's value to fluctuate. While investors enjoy high-interest rates, they also value the predictability of an investment. This is why currencies from politically stable and economically sound countries generally have higher demand, which, in turn, leads to higher exchange rates. LINK
https://www.xe.com/blog/money-transfer/why-do-currencies-fluctuate/
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Demand and Supply Shifts in Foreign Exchange Markets Llumen Learning Link
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Based on the decision of the Board of Directors of this bank No. (191) of 2023, it was decided to give the mediation companies buying and selling foreign currencies under category (C) a period of time to merge to be classified as (A) or (B) until 3/31/2024. https://cbi.iq/news/view/2491
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Big money is dropping out of their long positions in the market right now.
This is usually an indication that volatility is ahead and the movement into day trading will be more profitable since they can move in and out of positions quicker.
This is expected due to the fact that we are beginning our transition from an Old Market to a New Digital one.
© Goldilocks
Investors Link
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Stocks moving into a dangerous period
https://youtu.be/kVJAbn2RSpI?feature=shared
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US States Make Move To Reclassify Gold And Silver
https://www.youtube.com/live/8Zr8Lwyu5kc?feature=shared
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Goldilocks' Comments and Global Economic News Wednesday Evening 12-27-23
Goldilocks' Comments and Global Economic News Wednesday Evening 12-27-23
Good Evening Dinar Recaps,
Al-Kadhimi: Iraq’s treatment of a basket of currencies reduces the dominance of the dollar and the government with an economic battle
“The regulation of financial transactions and foreign trade enhances Iraq’s position in financial politics, and Iraq must deal with a basket of currencies in addition to the dollar gradually so that it is not governed by federal instructions in addition to reducing import.”
“The government has a real battle to address the economic situation and the political blocs are required to strongly support this trend,” Al-Kazmi concluded. Search 4 Dinar
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Let's take a closer look at what's about to happen in 2024. The banking system is going to pull money from the future into the now.
What that means is a lot of money is tied up in crypto investments inside the new digital economy by institutions, governments, whales, and people like you and me.
Goldilocks' Comments and Global Economic News Wednesday Evening 12-27-23
Good Evening Dinar Recaps,
Al-Kadhimi: Iraq’s treatment of a basket of currencies reduces the dominance of the dollar and the government with an economic battle
“The regulation of financial transactions and foreign trade enhances Iraq’s position in financial politics, and Iraq must deal with a basket of currencies in addition to the dollar gradually so that it is not governed by federal instructions in addition to reducing import.”
“The government has a real battle to address the economic situation and the political blocs are required to strongly support this trend,” Al-Kazmi concluded. Search 4 Dinar Link
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Let's take a closer look at what's about to happen in 2024. The banking system is going to pull money from the future into the now.
What that means is a lot of money is tied up in crypto investments inside the new digital economy by institutions, governments, whales, and people like you and me.
This reintegration into the new digital economy will create volatility for some assets to the upside and to the downside. If you are inside the right assets, you will be fine.
It all begins in 2024. If you are not in a good position, be ready to change as soon as you can. Many of the assets we have discussed in this room are good positions. Even though I can't recommend any of them, I have talked about them.
Our transition into the new economy has been going on for some time through new legislative bills turning into laws to govern them, and the banking system is about to synchronize with these markets inside a gold standard position that will cause fluctuations across ALL markets.
This will take some time in 2024 to make these transitions convert over into a new digital economy, price changes on everything is expected to happen.
© Goldilocks
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Watch what happens with the new spot Bitcoin ETF. This is a very protected asset. Look at the companies that are wrapping their assets to it. They are well known and well flushed with money.
These companies know that Bitcoin is going to grow exponentially in 2024 and 25. It is the top asset and bridge into the digital economy.
Countries around the world are doing the same with their spot Bitcoin ETF. This is why there are meetings these past two weeks before early 2024 begins to prepare for this transition.
Gold is the underlying support asset that will make all of this possible giving real value to all of our assets and standardizing digital protocols to level the playing field among countries around the world.
© Goldilocks
American Banker Link
Fox Business Link
American Banker Link 2
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U.S. SEC Asks Firms Applying for Spot Bitcoin ETFs To Complete Last-Minute Corrections Before New Year: Report The Daily Hodl Link
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The Most Splendid Housing Bubbles in America, December 2023 Update Wolf Street Link
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"India's first-ever payment in rupees for crude oil purchased from the UAE is helping the world's third largest energy consumer push for taking the local currency globally, as it looks for similar deals with other suppliers, officials said, adding internationalization is a process and there are no targets."
The Indian Rupee is taking their local currency global along with other countries starting the first week of January 2024.
They will be trading with countries like the US, Indonesia, Vietnam, Iraq, and more.
Each of these countries has the support of gold to back their currencies going forward through Basel 3, of which, the US will begin implementing theirs on January the 16th, 2024. The rest of the list above have already started this process.
These newly implemented changes inside the new digital asset-based trading system will put price pressures on gold to support these new assets. Look for gold to be transitioning to a real value very soon to meet these new demands.
All roads lead to gold, and gold will set us free.
© Goldilocks
The Hindu Link
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Bitcoin has already priced in spot ETF approval: Expert
https://finance.yahoo.com/video/bitcoin-already-priced-spot-etf-154806115.html
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Goldilocks' Comments and Global Economic News Tuesday Evening 12-26-23
Goldilocks' Comments and Global Economic News Tuesday Evening 12-26-23
Good Evening Dinar Recaps,
"The relationship between currencies and bond spread affects countries' interest rates. The price of currencies can impact the monetary policy decisions of central banks around the world. Monetary policy decisions and interest rates can also dictate the price action of currencies."
There is a lot of talk going around that currencies can go before bonds, you might want to take a look at these articles. The bond spread has a direct correlation to currency prices. No one goes until Isaac goes.
© Goldilocks
Goldilocks' Comments and Global Economic News Tuesday Evening 12-26-23
Good Evening Dinar Recaps,
"The relationship between currencies and bond spread affects countries' interest rates. The price of currencies can impact the monetary policy decisions of central banks around the world. Monetary policy decisions and interest rates can also dictate the price action of currencies."
There is a lot of talk going around that currencies can go before bonds, you might want to take a look at these articles. The bond spread has a direct correlation to currency prices. No one goes until Isaac goes.
© Goldilocks
https://www.investopedia.com › forex
Bond Spreads: A Leading Indicator For Forex - Investopedia
Investopedia Link
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What Iraq Just Did Will Affect The Whole World- Economic Ninja
https://www.youtube.com/live/Vtq4-XdYnDc?feature=shared
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👆 The title of the above video is not what you may think. All he is doing is making people aware that the dollar is going away in Iraq and other countries.
2024 will be a year of chaos and opportunity. Many of the opportunities mentioned in this room have been brought up to help you survive and thrive in the years to come.
@ Goldilocks
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Hong Kong Financial Regulators Will Consider Spot Crypto ETFs Crypto Daily Link
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Deutsche Bank’s DWS launches EUR stablecoin launch via AllUnity Coin Geek Link
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XRP Poised for Dramatic Rise: Bard AI Predicts $5 Valuation West Island Blog Link
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Foreign exchange reserves rise by $9 bn in week to 20-month high at $616 bn
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XRP is expected to be used as payment in the USA.
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🚨XINFIN XDC🔥ALL HOLDERS GET READY🔥TOKENIZATION ON XDC STARTING!
https://youtu.be/H5B0kTUJJtc?feature=shared
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👆 Copper
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Something the media is not talking about:
Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates could join as full members of BRICS beginning January 1st.
This is how the world order changes.
Read: https://x.com/goldtelegraph_/status/1739684793674010706?s=46
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Ripple’s Chief Legal Officer Reveals SEC Approached Payments Firm With a Deal Before Filing Lawsuit
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Stellar: Understanding the Protocol 20 Upgrade Crypto News Flash
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Goldilocks' Comments and Global Economic News Tuesday AM 12-26-23
Goldilocks' Comments and Global Economic News Tuesday AM 12-26-23
Good Morning Dinar Recaps,
"Container ships abandon Red Sea as allies scramble to fend off attacks"
The Suez Canal is the shortest distance between cargo ships moving from the East to the West. This will create new challenges for us going forward until this is resolved including price fluctuations.
I am aware that new Maritime Laws are progressing, and we need them as soon as possible given the state of the world.
As we work on easing tensions at sea, we are working on stabilizing prices inside the marketplace through gold and tokenized assets giving them real values through movement forward of Basel 3 and Protocol 20.
The movement forward of these two monetary policies will give us structure we need to begin creating price correlations that can manage many of the price distortions taking place through the movement of goods from the East to the West.
Goldilocks' Comments and Global Economic News Tuesday AM 12-26-23
Good Morning Dinar Recaps,
"Container ships abandon Red Sea as allies scramble to fend off attacks"
The Suez Canal is the shortest distance between cargo ships moving from the East to the West. This will create new challenges for us going forward until this is resolved including price fluctuations.
I am aware that new Maritime Laws are progressing, and we need them as soon as possible given the state of the world.
As we work on easing tensions at sea, we are working on stabilizing prices inside the marketplace through gold and tokenized assets giving them real values through movement forward of Basel 3 and Protocol 20.
The movement forward of these two monetary policies will give us structure we need to begin creating price correlations that can manage many of the price distortions taking place through the movement of goods from the East to the West.
All of this affects the entire Market including Forex. We need structural mechanisms that will allow fair trade between countries to settle much of these disputes.
Artificial intelligence is coming into play through the new digital economy to enact protocols that will help create a More Level Playing Field.
Watch the water.
© Goldilocks
ManilaTimes Link
Theonvcersation Link
Suez Canal Link
👆 Goldilocks pointed to this article
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Iraq is currently modifying their controls inside their Foreign Currency exchange companies.
These new financial mechanisms will help them to regulate and move money both inside and outside of Iraq.
© Goldilocks
https://cbi.iq/news/view/2492
https://investmentpolicy.unctad.org/investment-laws/laws/205/iraq-investment-law-
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The BRICS bloc, aiming to reduce dependency on the Western-led SWIFT payment system, has introduced its own alternative known as BRICS Pay, potentially setting the stage for a BRICS currency by 2024.
Despite the global dominance of the US dollar, with 48% of payments still conducted in the currency, the BRICS alliance is making strides in de-dollarization through economic cooperation and the development of BRICS Pay.
As per Fortune Magazine, BRICS Pay could diminish the reliance on the US dollar in developing economies by replacing SWIFT, leading to an integrated payment system and possibly a new currency under the BRICS umbrella, leveraging the New Development Bank’s initiatives.
https://watchdogwire.com/brics-pay-to-set-stage-for-new-currency-launch-in-2024/
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"Ripple, Hedera, Stellar, and Cardano are looking to partner with central banks, aiming to revolutionize cross-border payments and promote financial inclusion."
January is rapidly becoming a pivotal month. The transition into our new digital economy is indicating that movement ahead is near.
We have institutional money and major partnerships coming into play to seed the new digital economy through ETFs and tokenized assets that will engage and bring in a foundation of stability in our movement forward.
© Goldilocks
CryptoNewsFlash Link 1
CryptoNewsFlash Link 2
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Iraq to pay for imports from Turkey in Iraqi dinar - Iraqi News
https://www.iraqinews.com/iraq/iraq-to-pay-for-imports-from-turkey-in-iraqi-dinar/
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Shafaq News / "The Iraqi Ministry of Transport announced on Sunday that, coinciding with the alteration of routes by several major international shipping companies due to security tensions in the Red Sea and Bab-el-Mandeb strait, Iraqi ports have emerged as alternative transit points for global cargo transportation from East to West."
The rerouting of ports in the shipment of goods through Iraq will go a long way in increasing the demand for the Iraqi dinar.
These new demands will increase the Iraqi Dinar's value through the movement of goods and services inside their ports from the East to the West.
The Iraqi shipping industry is becoming a focal point of interest to the new Global markets. Having a solid value on the use of their currency will go a long way in creating solid interests from investors seeking to capitalize on this new venture.
Watch the water.
© Goldilocks
Shafaq Link
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BTCUSD - Global securities body releases DeFi recommendations: Finance Redefined ADVFN Link
~~~~~~~~~~
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Goldilocks' Comments and Global Economic Monday Evening 12-25-23
Goldilocks' Comments and Global Economic Monday Evening 12-25-23
Good Evening Dinar Recaps,
Pay attention. This has something to do with what I'm going to share with you tonight at midnight.
Japan plans to start trading digital securities on Christmas Day.
This will begin creating price pressures for the Digital Market and Commodity Markets. It is one of 200+ countries dipping their toe into the large body of water we are yet to see if we will be able to sink or swim in going forward.
It is a small step into the new market, but it is the first one that will begin to create movement into the new QFS system. Look for the crypto and the commodity markets to begin layering in their various networks into the overall QFS in 2024. This will usher in new digital and metal liquidity at various points throughout the year building the foundation and confidence inside the new QFS.
During this process, a currency intervention will occur to justify new values being placed upon them through new demands taking place on our new digital economy.
Merry Christmas Everyone! © Goldilocks
Goldilocks' Comments and Global Economic Monday Evening 12-25-23
Good Evening Dinar Recaps,
Pay attention. This has something to do with what I'm going to share with you tonight at midnight.
Japan plans to start trading digital securities on Christmas Day.
This will begin creating price pressures for the Digital Market and Commodity Markets. It is one of 200+ countries dipping their toe into the large body of water we are yet to see if we will be able to sink or swim in going forward.
It is a small step into the new market, but it is the first one that will begin to create movement into the new QFS system. Look for the crypto and the commodity markets to begin layering in their various networks into the overall QFS in 2024. This will usher in new digital and metal liquidity at various points throughout the year building the foundation and confidence inside the new QFS.
During this process, a currency intervention will occur to justify new values being placed upon them through new demands taking place on our new digital economy.
Merry Christmas Everyone! © Goldilocks
https://cointelegraph.com/news/japan-digital-securities-trading-december
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From late Christmas Eve
ANOTHER Update to the Debt Clock - December 23, 2023
TODAY marks the 110th year of plunder
when the Federal Reserve Act was signed by President Wilson on December 23, 1913
Chairman Powell’s message changed from “We ARE the .1%” to “We WERE the .1%”
Let’s see what the new year will bring us!
@ Goldilocks
https://t.me/c/1545617426/72633
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We are witnessing several spot ETF Bitcoin assets going up in different countries at this time.
The spot ETF Bitcoin is the bridge into the digital economy that will be used to create mainstream adoption into the digital asset-based trading system.
When you own a spot ETF Bitcoin, you have access to the benefits of bitcoins' growth as mainstream acceptance moves the price of this asset into larger revenue opportunities for those who invest in assets connected to it.
Just recently, the SEC met with spot Bitcoin applicants in a rare conference call to engage in the implementation of this new digital asset making its way into the new digital economy.
Several security issues have regulations that have just been adopted last week to mobilize these new efforts.
The changes now being made in the global markets leads me to believe as One Financial system falls this year, a new One will be replacing it gradually and in three phases.
I do not anticipate a hard landing, but if your assets do not correlate with the new market you will see a significant loss. This is why we have taken the last two and a half years to go over the assets that will make up the new system, so each of us can be prepared for the new economy.
I hope you have a wonderful Christmas Eve and a Christmas Day with your friends and your family.
© Goldilocks
Crypto Slate Link
JDSupra Link
Venable Link
Morgan Lewis Link
~~~~~~~~~~
We have 42 States out of 50 in the United States that now recognize gold and silver as money.
Oklahoma and Missouri are two of the latest states to file for this new legislation. Just eight more, and everything changes.
This reclassification of commodities is coming at a time when gold and silver are being called upon to support the new digital monetary system.
When gold is set free, so are we.
© Goldilocks
https://legiscan.com/OK/bill/SB1507/2024
https://house.mo.gov/BillsMobile.aspx?year=2024&code=R&bill=HB1867
~~~~~~~~~~
MERRY CHRISTMAS from Goldilocks and the Seeds of Wisdom Team!
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News Saturday AM 12-23-23
Goldilocks' Comments and Global Economic News Saturday AM 12-23-23
Good Morning Dinar Recaps,
"The new framework for market risk (the Fundamental Review of the Trading Book or FRTB) and the new additive requirements for derivative transactions (the Credit Valuation Adjustment or CVA-related changes) would significantly raise the costs for U.S. public companies to hedge business and operating risks e.g., interest rate, foreign exchange, and commodity risks."
The Basel 3 end game which begins in the middle of January 2024 will be implemented in three phases just like Protocol 20 at the end of the month is going to be implemented in three phases.
The expectation is that it will affect the markets in new price pressures because of the addition of more Capital Requirements to supplement and equate trade and investment value risks. Bank stress tests have been performed, and the recommendation for this phased-in approach for Protocol 20 and Basel 3 implementation was the topic of their concluding thoughts.
© Goldilocks
Goldilocks' Comments and Global Economic News Saturday AM 12-23-23
Good Morning Dinar Recaps,
"The new framework for market risk (the Fundamental Review of the Trading Book or FRTB) and the new additive requirements for derivative transactions (the Credit Valuation Adjustment or CVA-related changes) would significantly raise the costs for U.S. public companies to hedge business and operating risks e.g., interest rate, foreign exchange, and commodity risks."
The Basel 3 end game which begins in the middle of January 2024 will be implemented in three phases just like Protocol 20 at the end of the month is going to be implemented in three phases.
The expectation is that it will affect the markets in new price pressures because of the addition of more Capital Requirements to supplement and equate trade and investment value risks. Bank stress tests have been performed, and the recommendation for this phased-in approach for Protocol 20 and Basel 3 implementation was the topic of their concluding thoughts.
© Goldilocks
Business Roundtable Link
Cadwalader Link
~~~~~~~~~~
Revised FSB Recommendations and IOSCO Guidance on Anti-Dilution Liquidity Management Tools (LMTs) aim to achieve a significant strengthening of liquidity management by open-ended fund (OEF) managers compared to current practices. FSB Link
~~~~~~~~~~
Philadelphia Fed manufacturing gauge weakens further in December
Key details:
The barometer on new orders dropped sharply to negative 25.6 in December after a slightly positive reading of 1.3 in the prior month.
The shipments index remained in contraction territory at negative 10.8.
The measure on six-month business outlook rose to 12.1 from a negative reading of 2.1 in November. This is the highest reading since July.
Big picture: The Philadelphia Fed index is one of the first regional manufacturing gauges that offer timely reads of the manufacturing sector. Morningstar Link
~~~~~~~~~~
(Bloomberg) -- China will halt the export of a range of rare-earth technologies, potentially making it harder for the US and its allies to bolster Western supplies of strategic raw materials.
Finance Yahoo Link
~~~~~~~~~~
CHINA’S YUAN SECURES FOURTH PLACE IN GLOBAL PAYMENTS
TLDR
China’s yuan has overtaken the Japanese yen to become the fourth most-used currency in global payments.
The yuan’s share in global payments rose to 4.6%, trailing only the pound sterling, euro, and US dollar.
Lower interest rates in China have made the yuan more appealing for international trade finance.
The yuan’s rise reflects Beijing’s efforts to enhance its international profile and reduce reliance on the US dollar. CryptoPolitan Link
~~~~~~~~~~
Basel 3 and Protocol 20 are currently being synchronized to run parallel to one another and interfaced as a single cohesive unit.
© Goldilocks
~~~~~~~~~~
Why Hydrogen-Powered Planes Will Beat Electric Planes
https://youtu.be/IMb5Frr-520?feature=shared
~~~~~~~~~~
Prometheum gets the go-ahead from FINRA to offer digital asset securities clearing services
~~~~~~~~~~
Washington, D.C. — Commissioner Christy Goldsmith Romero, sponsor of the Commodity Futures Trading Commission’s (CFTC) Technology Advisory Committee (TAC), today announced the TAC will hold a meeting on January 8, 2024. The meeting will take place from 12:30 p.m. to 4:30 p.m. (EST) at the CFTC’s Washington, D.C. headquarters. The public will be able to watch the live meeting via webcast at CFTC.gov
At this meeting, the TAC will continue its discussion of issues relating to digital assets and blockchain technology, cybersecurity, and emerging and evolving technologies.
A detailed agenda will be forthcoming as the meeting date approaches. For agenda updates and more information about this advisory committee, including its members, visit TAC.
https://www.cftc.gov/PressRoom/PressReleases/8844-23
~~~~~~~~~~
S&P Global Ratings Launches Stablecoin Stability Assessment PR Newswire Link
~~~~~~~~~~
Blockchain adoption ‘accelerating very quickly’ in big finance — Franklin Templeton exec
Coin Telegraph Link
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News Friday AM 12-22-23
Goldilocks' Comments and Global Economic News Friday AM 12-22-23
Good Morning Dinar Recaps,
Washington, D.C. — Commodity Futures Trading Commission Chairman Rostin Behnam today announced two appointments in the Division of Data (DOD) that will enhance the CFTC’s analytic capabilities as the agency increasingly innovates its data-driven culture. Ted Kaouk has been named Chief Data Officer and Director of DOD. Dr. Kaouk will spearhead data integration initiatives and collaborate with the CFTC’s offices and divisions to help the agency make informed policy decisions. John Coughlan will serve as the agency’s first Chief Data Scientist. He will advance DOD’s data science expertise and expand the agency’s use of artificial intelligence to more effectively oversee the derivatives markets and meet its own regulatory requirements.
“The massive shifts in financial markets driven by advances in technology put the CFTC at the center of a new era of financial data, empowering us to more efficiently and effectively execute our mission,” said Chairman Rostin Behnam. “With these new critical hires, the CFTC is upskilling our data science staff, and increasing capacity and capability to be at the forefront of market innovations. We now have the team in place to set a strategy with concrete benchmarks and a clear path forward.”
Goldilocks' Comments and Global Economic News Friday AM 12-22-23
Good Morning Dinar Recaps,
Washington, D.C. — Commodity Futures Trading Commission Chairman Rostin Behnam today announced two appointments in the Division of Data (DOD) that will enhance the CFTC’s analytic capabilities as the agency increasingly innovates its data-driven culture. Ted Kaouk has been named Chief Data Officer and Director of DOD. Dr. Kaouk will spearhead data integration initiatives and collaborate with the CFTC’s offices and divisions to help the agency make informed policy decisions. John Coughlan will serve as the agency’s first Chief Data Scientist. He will advance DOD’s data science expertise and expand the agency’s use of artificial intelligence to more effectively oversee the derivatives markets and meet its own regulatory requirements.
“The massive shifts in financial markets driven by advances in technology put the CFTC at the center of a new era of financial data, empowering us to more efficiently and effectively execute our mission,” said Chairman Rostin Behnam. “With these new critical hires, the CFTC is upskilling our data science staff, and increasing capacity and capability to be at the forefront of market innovations. We now have the team in place to set a strategy with concrete benchmarks and a clear path forward.”
https://www.cftc.gov/PressRoom/PressReleases/8843-23
~~~~~~~~~~
Osaka Digital Exchange provides digital securities launch details - blockchain for ent
"After receiving regulatory approval (https://www.ledgerinsights.com/odx-digital-securities-exchange-start/) in November, Japan’s Osaka Digital Exchange (ODX (https://www.odx.co.jp/en/)) plans to start trading digital securities (https://www.ledgerinsights.com/tag/digital-securities) on Christmas Day. Today it shared the launch details of its security token venue START. During the first quarter it will offer discounted fees and just a single digital security can be traded at launch."
And, so It begins.
It looks like Japan has begun the process of utilizing a Digital Platform in trading Securities in their country. The age of tokenized assets being traded on digital platforms has begun.
This announcement came just 2 hours ago, and they plan to begin their trades on Christmas Day.
© Goldilocks
Ledger Insights Link
~~~~~~~~~~
Major Shipping Firms Halt Red Sea Routes Following Houthi Attacks OilPrice Link
~~~~~~~~~~
Red Sea Tensions Threaten to Disrupt Diesel Market Stability OilPrice Link
~~~~~~~~~~
New U.S. Trade Policy Will Empower China’s Tech Takeover The National Interest Link
~~~~~~~~~~
The Historical Shift in International Trade Regulation: Why National Security Is Now at the Forefront of Doing Business
https://www.corporatecomplianceinsights.com/historic-shift-international-trade-regulation/
~~~~~~~~~~
Fintechs have opportunity to grow, leverage partnerships with banks in 2024 Banking Dive Link
~~~~~~~~~~
JUST IN: Argentina Minister of Foreign Affairs says contracts in the country can be settled in Bitcoin. @WatcherGuru
~~~~~~~~~~
This Stock Market Indicator Has Been 83% Accurate Since 1984. It's Signaling a Big Move in the S&P 500 Right Now. The Motley Fool Link
~~~~~~~~~~
Fed delivers Christmas champagne to Wall Street FX Street Link
👆 Goldilocks pointed to this article
~~~~~~~~~~
Fintechs have an opportunity to grow, leverage partnerships with banks in 2024 Banking Dive Link
~~~~~~~~~~
Banking Announcement:
UK is planning on launching a digital security sandbox on January 8th, 2024.
The sandbox will allow their Financial Market Infrastructures (FMI) to test the use of new technology on a Digital Ledger Transmission (DLT) mechanism to operate a trading pilot program that will perform Central Securities Depositories (CSD) activities.
CSDs includes foreign currency exchanges, stocks, bonds, money markets and more.
This testing of tokenized assets will enable them to move forward at the end of the month inside Protocol 20.
© Goldilocks
Euro Next Link
RegulationAsia Link
👆 Bank of England, UK
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News Thursday AM 12-21-23
Goldilocks' Comments and Global Economic News Thursday AM 12-21-23
Good Morning Dinar Recaps,
First $14M cross-border e-CNY gold purchase was completed in Shanghai
👆 I will say more about this.
@ Goldilocks
~~~~~~~~~~
"The first-ever cross-border settlement for precious metals using the digital yuan central bank digital currency (CBDC), also known as the e-CNY, was recorded on Dec. 20."
Two things happened today:
* The Chinese Digital Yuan gained functionality today on the Shanghai Exchange and International Trade.
* The Chinese Digital Yuan now has smart contract capabilities and new use cases that can be utilized as payments to move tokenized assets forward.
Today, we witnessed history in the making and a new challenge being put forth to the Dollar in International Trade.
Goldilocks' Comments and Global Economic News Thursday AM 12-21-23
Good Morning Dinar Recaps,
First $14M cross-border e-CNY gold purchase was completed in Shanghai
👆 I will say more about this. @ Goldilocks
~~~~~~~~~~
"The first-ever cross-border settlement for precious metals using the digital yuan central bank digital currency (CBDC), also known as the e-CNY, was recorded on Dec. 20."
Two things happened today:
* The Chinese Digital Yuan gained functionality today on the Shanghai Exchange and International Trade.
* The Chinese Digital Yuan now has smart contract capabilities and new use cases that can be utilized as payments to move tokenized assets forward.
Today, we witnessed history in the making and a new challenge being put forth to the Dollar in International Trade. © Goldilocks
https://cointelegraph.com/news/first-14-million-cross-border-e-cny-gold-purchase-completed-shanghai
~~~~~~~~~~
"Swap data reporting is a US obligation on swap dealers and end-users to report over-the-counter derivatives transactions to swap data repositories. Reportable derivatives include “swaps” – defined as interest rate swaps, foreign exchange swaps and forwards, index-based credit default swaps, agricultural and commodity swaps, index-based total return swaps and all options based on a rate or commodity – and “security-based swaps."
So there we have it, swap data reporting as required by the "CFTC Approves Rule to Allow UPI Use in Swaps Reporting." The UPI mechanism for trading includes countries such as a Iraq, Indonesia, Vietnam, the US, and more.
The use of the UPI in the reporting of OTC derivatives (foreign currency exchanges) in the US will start on 29 January 2024. Everything will be recorded and reported in the new system.
Amazingly, this start date is just one day before Protocol 20 is voting to move forward with the new digital economy that unites all Quantum Technologies around the world through the Stellar Network.
© Goldilocks
RegulationAsia Link
A-Team Insight Link
Risk Link
Stellar Link
~~~~~~~~~~
"After receiving regulatory approval in November, Japan’s Osaka Digital Exchange (ODX) plans to start trading digital securities on Christmas Day. Today it shared the launch details of its security token venue START. During the first quarter it will offer discounted fees and just a single digital security can be traded at launch."
And, so It begins.
It looks like Japan has begun the process of utilizing a Digital Platform in trading Securities in their country. The age of tokenized assets being traded on digital platforms has begun.
This announcement came just 2 hours ago, and their plans are to begin their trades on Christmas Day.
© Goldilocks
Ledgerinsights Link
~~~~~~~~~~
Major Shipping Firms Halt Red Sea Routes Following Houthi Attacks OilPrice Link
~~~~~~~~~~
Red Sea Tensions Threaten to Disrupt Diesel Market Stability OilPrice Link
~~~~~~~~~~
New U.S. Trade Policy Will Empower China’s Tech Takeover The National Interest Link
~~~~~~~~~~
The Historical Shift in International Trade Regulation: Why National Security Is Now at the Forefront of Doing Business
Corporate Compliance Insights Link
~~~~~~~~~~
SIX expands ETF franchise
SIX has launched Quote-on-Demand Europe (QOD Europe), an extension to its exchange traded funds (ETF) franchise. The product is the first pan-European exchange-traded request-for-quote (RFQ) platform.
ETF QOD Europe allows clients to trade ETFs listed on a number of European primary exchanges, including the London Stock Exchange, Euronext Paris and Borsa Italiana.
The product takes the number of ETFs and exchange traded products (ETPs), tradable at the SIX Swiss Exchange, from 1700 to 6000, complementing its existing multilateral open order-book.
Asset Servicing Times Link
👆 Goldilocks pointed to this article
Several digital platforms are continuing to expand as we speak into more and more services across borders replacing old traditional assets on outdated trading platforms.
@ Goldilocks
~~~~~~~~~~
Stellar: Understanding the Protocol 20 Upgrade
~~~~~~~~~~
Gold: Where is it headed
https://youtu.be/fZzUfI5NtPA?feature=shared
~~~~~~~~~~
Stellar Network unveils Smart Contracts in phases
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News Wednesday Evening 12-20-23
Goldilocks' Comments and Global Economic News Wednesday Evening 12-20-23
Good Evening Dinar Recaps,
In recent letters directed to United States lawmakers, Tether disclosed it has a Know Your Customer (KYC) program, a transaction monitoring system and a proactive approach to identifying suspicious accounts and activities.
“We have always assisted law enforcement when called upon to act, and we remain fully committed to continuing to work proactively with agencies globally. Tether has and will assist in identifying and freezing addresses subject to sanctions, engaged in illicit activity, or engaged in any form of terrorist financing."
Tether also disclosed it uses surveillance monitoring tools to continuously track client activity, and onboarded the Federal Bureau of Investigation (FBI) to its platform as part of collaboration efforts with law enforcement. Tether said:"These strategic relationships reinforce our commitment to supporting law enforcement in combating nefarious activities and contributing to the recovery of victims’ funds."
Goldilocks' Comments and Global Economic News Wednesday Evening 12-20-23
Good Evening Dinar Recaps,
In recent letters directed to United States lawmakers, Tether disclosed it has a Know Your Customer (KYC) program, a transaction monitoring system and a proactive approach to identifying suspicious accounts and activities.
“We have always assisted law enforcement when called upon to act, and we remain fully committed to continuing to work proactively with agencies globally. Tether has and will assist in identifying and freezing addresses subject to sanctions, engaged in illicit activity, or engaged in any form of terrorist financing."
Tether also disclosed it uses surveillance monitoring tools to continuously track client activity, and onboarded the Federal Bureau of Investigation (FBI) to its platform as part of collaboration efforts with law enforcement. Tether said:"These strategic relationships reinforce our commitment to supporting law enforcement in combating nefarious activities and contributing to the recovery of victims’ funds."
Token Insight Link
~~~~~~~~~~
Ripple Hedera, Stellar, and Cardano (ADA) Embrace ISO 20022
The ISO 20022 is a global standard billed to replace SWIFT in the financial ecosystem.
Some cryptocurrencies including XRP, HBAR, XLM, and ADA are now compliant with the ISO 20022 standard. CryptoNewsFlash Link
~~~~~~~~~~
Ripple, a leading U.S.-based fintech company, increasingly focuses on CBDC projects in 2023, marking a strategic shift from its traditional retail payment solutions.
The company has been instrumental in developing government-backed digital currencies in various regions.
Ripple’s involvement in the CBDC space extends to collaborations with the Digital Euro and Digital Pound associations and a technical partnership with Mastercard’s stablecoin.
https://www.cryptopolitan.com/ripple-shifts-focus-to-cbdc-projects/
~~~~~~~~~~
Scheduled Maintenance: Decommission Ticker service on Tuesday, January 2nd 2024, at 4:00pm UTC (10:00am local time)
Stellar will be permanently decommissioning its Ticker service on Jan 2 2024. The service will be shut down permanently. https://dashboard.stellar.org/
~~~~~~~~~~
Asset Demand Systems in Macro-Finance
Real values on assets and in this case tokenized assets backed by commodities are determined in real time.
Tokenized Assets will find their use case scenario demand/values, and a certain percentage or fixed rate of gold will determine the rest.
At that time Banks and Markets will be able to synchronize their transactions.
© Goldilocks
NBER Link
~~~~~~~~~~
UPI & FedNow: Transforming Digital Payments in India and USA💰📱
In a world where digital transformation is reshaping every aspect of life, two payment systems — UPI in India and FedNow in the USA — stand as beacons of innovation in the financial sector. Both are redefining how money moves in two of the world’s largest economies, yet they cater to their unique market demands and regulatory landscapes. Medium Link
~~~~~~~~~~
BRICS in the Land of Energy Transition OilPrice Link
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Here Come the New Listings of Existing Homes, Prices Drop Further, Demand Remains at Collapsed Levels Wolf Street Link
~~~~~~~~~~
Price distortions are about to hit the market in January 2024.
If you follow this room, we will share how it will all be reeled in as the year goes on.
@ Goldilocks
~~~~~~~~~~
S&P Global Ratings Launches Stablecoin Stability Assessment - Dec 12, 2023
~~~~~~~~~~
Brink of Financial World War 3 as it Becomes West Versus the Rest - Willem Middelkoop
https://youtu.be/0Jk7vCm4j24?feature=shared
~~~~~~~~~~
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