Goldilocks' Comments and Global Economic News Monday Evening 1-8-24
Goldilocks' Comments and Global Economic News Monday Evening 1-8-24
Good Evening Dinar Recaps,
Banking Announcement:
"India Launches UPI Block Facility for Stock Market Trades"
Since January the 1st, 2024, India has started a UPI block trade facility allowing a pilot program to test the ability of professional investors to hold their Secondary Market (ie foreign currency is one of them) investments inside the Banking System instead of going through a Broker.
This will allow seamless trading to go on between the investor and the stock market coordinating faster transactions through the ability to hold money or foreign currency inside a banking account. This is expected to increase profitability and security for investors.
After this beta testing, it will begin to make its move into the retail investor markets. Right now, a select group of investors are being tested.
© Goldilocks
Goldilocks' Comments and Global Economic News Monday Evening 1-8-24
Good Evening Dinar Recaps,
Banking Announcement:
"India Launches UPI Block Facility for Stock Market Trades"
Since January the 1st, 2024, India has started a UPI block trade facility allowing a pilot program to test the ability of professional investors to hold their Secondary Market (ie foreign currency is one of them) investments inside the Banking System instead of going through a Broker.
This will allow seamless trading to go on between the investor and the stock market coordinating faster transactions through the ability to hold money or foreign currency inside a banking account. This is expected to increase profitability and security for investors.
After this beta testing, it will begin to make its move into the retail investor markets. Right now, a select group of investors are being tested. BusinessOutlookIndia Link
© Goldilocks
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Central banks go for gold in bold move to safeguard dollar
"In a world where economic chess is the game, central banks have made a power play, amassing a record-breaking 374.1 tons of gold in 2023."
In an age whereby local currencies are beginning to be utilized instead of the dollar, the need to support these new currencies that have not been in the game for some time is clearly evident.
With the formation of the BRICS Nations, this Gold Rush will support new currencies that have not been utilized for some time and protect the dollar from being overtaken by these new competitive currencies around the world occupying places of payment the dollar used to dominate.
We are truly living in a world whereby the one true currency is emerging onto the international stage to level the playing field. It is the new anchor for our currencies and financial systems going forward.
All roads lead to gold and gold will set us free. Cryptopolitan Link
© Goldilocks
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Consultation on legislative proposal to implement regulatory regime for stablecoin issuers and announcement on introduction of sandbox arrangement
Stablecoins, which represent a country's currencies, is finally being tested inside the QFS. This process being tested in a sandbox or a group of financial systems will enable movement forward in our tokenized currency assets supported by gold. This will begin giving real value to our paper currencies.
Pilot programs have a period of time for testing before implementation. We can now begin looking for regulation of global currencies to begin through this study and eventual final guidance for its entrance into the Global Markets. Hong Kong Monetary Authority Link
© Goldilocks
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Most people on this venture do not realize what's really going on at this point. Did you know you are sitting on a gold mine?
Every currency that you hold from around the world is about to be turned into gold and it holds a value at a fixed rate.
Watch what happens this month as certain transitional events will begin the process of turning everything that has an asset value to one that is based on its worth in gold.
* January 10th spot Bitcoin ETF
* January 16th Basel 3 final rule implementation
* Protocol 20 begins the process of tokenized assets joining networks from around the world in three phases
Literally, everything is about to be worth its weight in gold.
© Goldilocks
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Bitcoin ETF Approval Inches Closer With Exchange Filings WSJ Link
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Likelihood Of Spot XRP ETF In View Amid Grayscale’s Latest Move and Ripple’s Big Win Against SEC
Grayscale Investments, a major U.S. digital asset management firm, has reintroduced XRP to its Digital Large Cap Fund (GDLC), hinting at potential developments related to an XRP Exchange-Traded Fund (ETF).
The digital asset investment firm shared the news on January 5 alongside news of quarterly rebalancing in various Grayscale investment products through a press release. This update highlighted adjustments in their investment portfolios. ZY Crypto Link
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UK crypto exchanges embrace regulatory changes to promote responsible trading CryptoPolitan Link
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JUST IN: Standard Charter Bank says Bitcoin could reach $200,000 by end of 2025 if Spot ETFs are approved. @WatcherGuru
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Goldilocks' Comments and Global Economic News Sunday Evening 1-7-24
Goldilocks' Comments and Global Economic News Sunday Evening 1-7-24
Good Evening Dinar Recaps,
"Morgan Stanley cut its outlook for the US currency to ‘Neutral’ from ‘Bullish’. However, it noted that seasonality and short positioning could potentially still drive further upside, Bloomberg News reported."
We have a lot of the BRICS currency countries getting ready to trade with each other sidelining the dollar along the way. Some have already begun this process.
This will move the price of gold to make up the difference in the following use of the dollar along with inflation that will eat at its value.
It will require more gold to fill in the gaps and create more and more need to support the dollar through these new capital requirements of Basel 3 about to be implemented on January the 16th.
This will create a profound effect on all of the Global currencies that rely on the dollar in trade especially those who are trading now in their local currencies.
Goldilocks' Comments and Global Economic News Sunday Evening 1-7-24
Good Evening Dinar Recaps,
"Morgan Stanley cut its outlook for the US currency to ‘Neutral’ from ‘Bullish’. However, it noted that seasonality and short positioning could potentially still drive further upside, Bloomberg News reported."
We have a lot of the BRICS currency countries getting ready to trade with each other sidelining the dollar along the way. Some have already begun this process.
This will move the price of gold to make up the difference in the following use of the dollar along with inflation that will eat at its value.
It will require more gold to fill in the gaps and create more and more need to support the dollar through these new capital requirements of Basel 3 about to be implemented on January the 16th.
This will create a profound effect on all of the Global currencies that rely on the dollar in trade especially those who are trading now in their local currencies.
As this year goes on, the need to utilize the worth of gold inside these currencies around the world will make the value of gold increase. It will enable the Global currencies to hold in reserve status more gold to support their currencies rather than the US dollar.
Over time, the use of gold will determine the new values our Global currencies will have. As these currencies formulate new values inside the markets and the banking system through use-case scenarios, we will develop standard protocols capable of leveling the playing field around the world.
© Goldilocks Live Mint Link Euromoney Link
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What Drives the Price of Gold? Investopedia Link
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As the year progresses, we will have a new World Reserve Status - in gold.
© Goldilocks
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Russia assumes BRICS chair, Putin unveils agenda as five more nations join group Times of India
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Stellar Vs Ripple - TokenPost
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Bitcoin ETFs Are Coming Fast. Crypto Investing Will Never Be The Same - Investor's Business Daily Link
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Goldilocks' Comments and Global Economic News Saturday Evening 1-6-24
Goldilocks' Comments and Global Economic News Saturday Evening 1-6-24
Good Evening Dinar Recaps,
Europe’s Payment System’s Big Bang: Inside the ISO 20022 Migration
Rolling out a new common language for global payment data is no small feat. However, the transition is gathering momentum, with one domestic payment system after another converting to ISO 20022 (a standard for financial-information interchange between financial institutions developed by ISO, the International Organization for Standardization) over the past two years, including in countries such as Singapore.
This year, it was Europe’s turn, with all three of its payment systems—Eurosystem’s TARGET2, EBA Clearing’s EURO1 and Swift’s (or SWIFT’s, Society for Worldwide Interbank Financial Telecommunication’s) CBPR+ (cross-border payments and reporting plus)—opting to migrate in March in what the industry termed a “big bang” approach.
👆 Goldilocks pointed to this article
Goldilocks' Comments and Global Economic News Saturday Evening 1-6-24
Good Evening Dinar Recaps,
Europe’s Payment System’s Big Bang: Inside the ISO 20022 Migration
Rolling out a new common language for global payment data is no small feat. However, the transition is gathering momentum, with one domestic payment system after another converting to ISO 20022 (a standard for financial-information interchange between financial institutions developed by ISO, the International Organization for Standardization) over the past two years, including in countries such as Singapore.
This year, it was Europe’s turn, with all three of its payment systems—Eurosystem’s TARGET2, EBA Clearing’s EURO1 and Swift’s (or SWIFT’s, Society for Worldwide Interbank Financial Telecommunication’s) CBPR+ (cross-border payments and reporting plus)—opting to migrate in March in what the industry termed a “big bang” approach. International Banker Link
👆 Goldilocks pointed to this article
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Introducing a new Copilot key for Windows 11 PCs
Microsoft’s new Copilot key is the first big change to Windows keyboards in 30 years / Microsoft wants 2024 to be the year of the AI PC as it lines up bigger changes to Windows.
https://youtu.be/S1R08Qx6Fvs?feature=shared
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Gold Price Forecast – Prices are Correcting into an Intermediate Low as Expected FX Empire Link
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Why would a commodity-exporting country be happy to accept a currency that is rapidly losing value and can be easily frozen?
The train of economic thought today starts with floating currencies and ends with money printing.
This is not sustainable and is why resets happen. Twitter Link
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USD IQD Exchange Rate 1/5/2024 and What Deep Learning Says #iqd
https://youtube.com/shorts/6OdU-N4Y_b4?feature=shared
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Lots of topics will be covered on different calls.
Saturday Night Live Calls Link Freedom Fighter, Q3 Proud and Jester
Saturday Night Live Q & A Link
Q & A Rooms will be open on the day of the call for you to post questions for the host.
➡Saturday Night Live Call LINK
➡9 pm EDT / 8 pm CDT / 6 pm PDT
➡OPEN NOW FOR QUESTIONS
Ask your questions in the SNL Q & A Link
➡All calls are recorded and in the Archive room Link
➡ Calls are 2 hours long
📣Team Calls with Texas Snake and Bob Lock TBA
➡Seeds of Wisdom Team© Website
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Morgan Stanley just downgraded the worth of the dollar. More on this tomorrow.
© Goldilocks
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News Saturday AM 1-6-24
Goldilocks' Comments and Global Economic News Saturday AM 1-6-24
Good morning Dinar Recaps,
"In response to a surge in attacks on merchant ships, 18 significant shipping companies have opted to avoid transiting the Red Sea, as reported by the International Maritime Organization (IMO). IMO Secretary-General Arsenio Dominguez informed the UN Security Council on Wednesday that a substantial number of companies have rerouted their vessels around Africa to mitigate the impact of attacks on seafarers."
“While we continue to hope for a sustainable resolution in the near future and do all we can to contribute towards it, we do encourage customers to prepare for complications in the area to persist and for there to be significant disruption to the global network,” it added.
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Goldilocks' Comments and Global Economic News Saturday AM 1-6-24
Good morning Dinar Recaps,
"In response to a surge in attacks on merchant ships, 18 significant shipping companies have opted to avoid transiting the Red Sea, as reported by the International Maritime Organization (IMO). IMO Secretary-General Arsenio Dominguez informed the UN Security Council on Wednesday that a substantial number of companies have rerouted their vessels around Africa to mitigate the impact of attacks on seafarers."
“While we continue to hope for a sustainable resolution in the near future and do all we can to contribute towards it, we do encourage customers to prepare for complications in the area to persist and for there to be significant disruption to the global network,” it added. K News Link Port Calls Link
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The moment we see a revalued price on gold, at some level all currencies will be partially gold-backed.
© Goldilocks
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A full revaluation of the gold price to its real value will give us a fully gold-backed system.
© Goldilocks
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Bank Indonesia (BI) has confirmed plans to move ahead with exploring a central bank digital currency (CBDC) in 2024, with full-scale trials in partnership with leading commercial banks.
Coin Geek Link
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Two Banking Announcements:
* Basel Committee finds Mexico compliant with its Net Stable Funding Ratio standard and large exposures framework, and largely compliant with its Liquidity Coverage Ratio.
* Assessments find Switzerland largely compliant with the Committee's Net Stable Funding Ratio standard and large exposures framework. https://www.bis.org/press/p231213.htm
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"Mortgage demand plummets again despite drop in interest rates"
Let me give you an idea of just how big the Mortgage Market really is: Residential Mortgage Market Size: Residential $13.864 trillion. This is not counting Corporations and Business offices.
The Housing Market is still in the process of resetting their prices to coordinate their values with the Banking System's new Basel 3 Capital requirements being implemented on January the 16th, 2024.
Look for new market valuations to form in the near term inside this multi-trillion-dollar business. Coordinating real-world values between the markets and the banking system is a phase of the global economic reset that is just beginning to come to a head.
© Goldilocks
FOXBusiness Link
BankingStrategist Link
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Washington, D.C. — Commissioner Christy Goldsmith Romero, sponsor of the Commodity Futures Trading Commission’s Technology Advisory Committee (TAC), today announced a detailed agenda for the TAC’s live-streamed January 8, 2024 public meeting at the CFTC’s headquarters.
“Debate around issues of emerging technology for financial markets is enhanced by the Commission’s engagement with the broad and diverse group of technology experts who serve on the TAC, and I am grateful for their service,” said CFTC Commissioner Goldsmith Romero.
“Technology issues are critically important. Artificial intelligence can be transformative, but only if implemented responsibly, in a way that protects customers and markets from harm. Cybersecurity risks continue to be an area that keeps people up at night, and requires constant vigilance. I am also very grateful for the Subcommittee’s work to study decentralized finance, an area where greater understanding will better inform policy decisions.”
https://www.cftc.gov/PressRoom/PressReleases/8846-24
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Goldilocks' Comments and Global Economic News Friday Evening 1-5-24
Goldilocks' Comments and Global Economic News Friday Evening 1-5-24
Good Evening Dinar Recaps,
Our $34 Trillion Debt Is Turning the States to Gold
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Republican lawmakers and the White House agreed last June to temporarily lift the nation's debt limit, staving off the risk of what would be a historic default. That agreement lasts until January 2025. Here are some answers to questions about the new record national debt.
US national debt hits record $34 trillion as Congress gears up for funding fight
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Maersk suspends shipping through key Red Sea maritime trade route ‘until further notice’
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South Korean blockchain Klaytn onboards gold RWA DeFi platform
Klaytn said the platform, launched alongside an accompanying cryptocurrency, provides what it claims to be the first tokenized gold available on DeFi outside of the Ethereum ecosystem.
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Goldilocks' Comments and Global Economic News Friday Evening 1-5-24
Good Evening Dinar Recaps,
Our $34 Trillion Debt Is Turning the States to Gold The New York Sun Link
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Republican lawmakers and the White House agreed last June to temporarily lift the nation's debt limit, staving off the risk of what would be a historic default. That agreement lasts until January 2025. Here are some answers to questions about the new record national debt.
US national debt hits record $34 trillion as Congress gears up for funding fight ABC News Link
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Maersk suspends shipping through key Red Sea maritime trade route ‘until further notice’ CNN Link
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South Korean blockchain Klaytn onboards gold RWA DeFi platform
Klaytn said the platform, launched alongside an accompanying cryptocurrency, provides what it claims to be the first tokenized gold available on DeFi outside of the Ethereum ecosystem. The Block Link
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From Black Gold to Tech Marvel: Coal's New Role in Electronics OilPrice Link
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US Labor Market Summarized: (This is the revised report - a lot of mistakes don't you think)
1. 10 out of the last 11 jobs reports revised lower
2. ~25% of jobs gains in 2023 ultimately revised away
3. Government jobs accounted for 25% of December jobs gains
4. Part-time jobs UP 762,000, full-time jobs DOWN 1.5 million in December
5. Full-time job gains are FLAT for 2023 while part-time is up sharply
6. Inflation-adjusted earnings ~3% BELOW 2021 levels
But still, the initial jobs number beats expectations and prints headlines before being revised lower.
How is this a "soft landing.?"
Twitter Link
CNN Link
BIS Link
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Goldilocks' Comments and Global Economic News Friday AM 1-5-24
Goldilocks' Comments and Global Economic News Friday AM 1-5-24
Good Morning Dinar Recaps,
The World Economic Forum's Annual Meeting 2024 takes place 15-19 January 2024.
The 54th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.
This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.
Goldilocks' Comments and Global Economic News Friday AM 1-5-24
Good Morning Dinar Recaps,
The World Economic Forum's Annual Meeting 2024 takes place 15-19 January 2024.
The 54th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.
This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets. https://www.weforum.org/agenda/2024/01/how-to-follow-the-annual-meeting-2024/
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Freight rates for ocean cargo have soared after an attempted attack on Wednesday and a bid to hijack a Maersk ship last Sunday forced shipping companies to suspend plans to restart transits through the Red Sea. https://www.asiafinancial.com/ocean-freight-fees-shoot-up-after-new-red-sea-ship-attacks
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"Interest rate differentials are an important factor in the global economy. They can affect the flow of capital between countries, the value of currencies, and the profitability of investments."
An interest rate differential is basically two different interest rates in two different countries or currencies. At this point, we are witnessing several different ones across the globe.
These interest rate differentials affect values and exchange rates in trade. It is creating a problem for hedge funders wanting to make clear trade bids on the Forex Markets based on a value they can profit from in the trade.
Uncertain interest rates is beginning to create a level of uncertainty for hedge funders attempting to position themselves for profit on the Forex Currency Market in Cross Border International Trading.
Uncertainty in the market creates pullbacks from investors that bring down the flow of money creating less demand and value for currencies utilized in trades.
A great example of this is the use of the dollar in oil trades being replaced by local currencies in the East. As these new volumes increase because of interest rate differentials, countries holding more value over time will be the ones utilized in trades going forward.
These new demands will increase value over time on chosen currencies with lower interest rates resulting in more value in the exchange of goods and services. Look for currency interventions this year to begin the process of leveling off the playing field through narrowing interest rate differentials.
© Goldilocks
Risk Link
Menafn Link
👆Look for currency interventions to begin this year when interest rates around the world begin to move on par with one another.
© Goldilocks
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News Thursday Evening 1-4-24
Goldilocks' Comments and Global Economic News Thursday Evening 1-4-24
Good Evening Dinar Recaps,
Banking Announcement:
HSBC Launches Tokenized Gold
"One of the largest bullion dealers in London, HSBC Holding, has launched tokenized physical gold trading on its single-dealer platform. The new capability will keep ownership records of the physical gold on a distributed ledger. The new service works with the bank’s Orion platform—which issues digital assets—and its digital custody service, slated to go live in 2024."
HSBC Bank is offering the ability to buy gold tokenized assets. The benefit of this Digital Ledger Program is that you can buy small quantities of gold and build on your portfolio as you have the money to do so.
Your gold will be held on a Digital Ledger service allowing you to hold physical gold through a banking system. This indicates a shift in our monetary system. A system whereby gold backs both our markets and our banking system going forward. Is a clear indication that we are moving out of a Fiat system and into a Gold Standard Economy.
© Goldilocks
Goldilocks' Comments and Global Economic News Thursday Evening 1-4-24
Good Evening Dinar Recaps,
Banking Announcement:
HSBC Launches Tokenized Gold
"One of the largest bullion dealers in London, HSBC Holding, has launched tokenized physical gold trading on its single-dealer platform. The new capability will keep ownership records of the physical gold on a distributed ledger. The new service works with the bank’s Orion platform—which issues digital assets—and its digital custody service, slated to go live in 2024."
HSBC Bank is offering the ability to buy gold tokenized assets. The benefit of this Digital Ledger Program is that you can buy small quantities of gold and build on your portfolio as you have the money to do so.
Your gold will be held on a Digital Ledger service allowing you to hold physical gold through a banking system. This indicates a shift in our monetary system. A system whereby gold backs both our markets and our banking system going forward. Is a clear indication that we are moving out of a Fiat system and into a Gold Standard Economy. https://gfmag.com/banking/hsbc-launches-tokenized-gold/
© Goldilocks
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Iraq is in the process of bringing in non-banked financial institutions into the new digital banking system.
They are achieving this goal through a series of educational offerings surrounding new banking reforms that will help this transition into the banking sector from those outside of it.
© Goldilocks
https://cbi.iq/news/view/2495
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Recently, we have been receiving several pieces of news that give indication that currencies will begin to float up this year.
Will they float to their real value in 2024?
This remains to be seen. It is more important that this year of transition be one whereby exchange rates are tested on the markets and weigh in their worth through the banking system against other currencies.
It is a process whereby the synchronization of the entire Global Economy is currently in play.
We already know that the Indian Rupee has come out and voiced that they expect their currency to trade against the US dollar at 80 to 82 cents by the end of the year. Many countries are expected to bring in their projections soon.
It is important that we develop strategies on what to do in exchanging our currencies as more news develops.
© Goldilocks
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FORM 8-A
FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES
PURSUANT TO SECTION 12(b) OR (g) OF THE
SECURITIES EXCHANGE ACT OF 1934
GRAYSCALE BITCOIN TRUST (BTC)
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IMF Chief Says Fed Is ‘Definitely’ Securing Soft Landing, Warns of Fragmentation
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Unlocking the potential of regulated digital assets
As the regulatory frameworks for the tokenisation of securities continue to evolve, market participants need to get to grips with the requirements of new asset classes and new ways of managing existing asset classes.
Fostering real change will be a process and the industry is likely to take an incremental approach, experimenting with distributed ledger technology and digital asset processes in regulated environments to build a resilient, compliant, and sustainable digital asset space.
https://www.ledgerinsights.com/bnp-paribas-regulated-digital-assets/
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Basel Committee Proposes Revised Criteria for Stablecoins' Risk Treatment
https://www.coinlive.com/news-flash/402190
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Ethereum’s Role in Tokenization: From ICOs to Tokenized Securities
Ethereum, the second-largest blockchain by market capitalization, has played a pivotal role in revolutionizing the way assets are owned and exchanged through tokenization.
This process involves representing real-world assets, such as physical goods, securities, and intellectual property, as digital tokens on a blockchain like Ethereum (https://www.binance.com/en-NG/price/ethereum).
These tokens can then be easily traded, fractionalized, and managed, opening up a vast array of possibilities. The Nation Newspaper Link
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JUST IN: VanEck files registration of securities with SEC for its spot Bitcoin ETF. @WatcherGuru
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Watch for the crypto markets and the currency markets to move in tandem with each other throughout this year as they find their real values based upon real numbers supporting these two asset classes through gold.
Solid numbers allow the Quantum Financial System of Technologies to operate with specific/real numbers designed to level the playing field securely, efficiently, and fairly.
© Goldilocks
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FORM 8-A
FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES
PURSUANT TO SECTION 12(b) OR (g) OF THE
SECURITIES EXCHANGE ACT OF 1934
VANECK BITCOIN TRUST
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MARKET MAKERS HAVE BEEN PREPARING FOR MONTHS TO ENSURE THE CRYPTO MARKET HAS ENOUGH LIQUIDITY FOR THE FLOOD OF INVESTMENT MONEY THAT WILL POUR INTO THE CRYPTO MARKET IF THE BTC ETF APPROVAL IN NEXT FEW DAYS
FORM 8-A
FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES
PURSUANT TO SECTION 12(b) OR (g) OF THE
SECURITIES EXCHANGE ACT OF 1934
VALKYRIE BITCOIN FUND
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Are you starting to get the picture with all of these spot Bitcoin ETFs?
Do you see how they are about to transition the global markets into a digital economy?
We have been talking about this the last few weeks.
@ Goldilocks
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A report published by research firm Matrixport opining that the spot bitcoin ETF applications in queue would be rejected was widely disseminated by news outlets and caused widespread panic and massive liquidations across the entire space.
These were the largest liquidation levels since the infamous “Cointelegraph Intern” post several months ago that caught short sellers offside. The founder of Matrixport claimed that the dissemination of their analysis was outside of the firm’s control and was simply the opinion of one of the firm’s analysts.
Cointelegraph Link
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News Wednesday AM 1-3-24
Goldilocks' Comments and Global Economic News Wednesday AM 1-3-24
Good Morning Dinar Recaps,
Intel:
Today {01/02/23), Dee and I did get confirmed in a meeting with our CBI contact that the Iraqi Dinar is currently trading through electronic mechanisms.
As their currency expands into the International stage this year, they do expect to have a currency with a higher value as the year progresses.
This is a learning curve for them as well as other currencies around the world as many of them began the process of trading in their own currencies on an official level today.
We did schedule a meeting with our contact and other members of their IT Department for later this week or early next week.
© Goldilocks
Goldilocks' Comments and Global Economic News Wednesday AM 1-3-24
Good Morning Dinar Recaps,
Intel:
Today {01/02/23), Dee and I did get confirmed in a meeting with our CBI contact that the Iraqi Dinar is currently trading through electronic mechanisms.
As their currency expands into the International stage this year, they do expect to have a currency with a higher value as the year progresses.
This is a learning curve for them as well as other currencies around the world as many of them began the process of trading in their own currencies on an official level today.
We did schedule a meeting with our contact and other members of their IT Department for later this week or early next week.
© Goldilocks
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The next Gold Standard will be Digital.
© Goldilocks
~~~~~~~~~~
Indian rupee may rise to 81/$ by 2024 end amid robust inflow hopes: Goldman Sachs MoneyControl Link
👆 It's a process my friends.
~~~~~~~~~~
The President of Venezuela hopes that Venezuela will join BRICS in 2024.
Another major oil player.
He also said that BRICS is the future of humanity.
Commodities…
Read: https://x.com/goldtelegraph_/status/1742265496400207918?s=46
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SEC could inform spot Bitcoin ETF applicants of approval by Jan. 3.
Firms may be notified on Tuesday or Wednesday to prepare for a Jan. 10 launch.
https://cryptoslate.com/sec-could-inform-spot-bitcoin-etf-applicants-of-approval-by-jan-3/
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Blackrock Names JPMorgan as Authorized Participant for Spot Bitcoin ETF Despite Jamie Dimon Wanting to Ban Crypto Bitcoin News Link
~~~~~~~~~~
RBI says All India Fincl Institutions now national development banks Informist Media Link
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Goldman Sachs Exec Predict Growth For Digital Assets In 2024 News BTC Link
~~~~~~~~~~
Has the US Abdicated Global Digital Leadership? CEPA Link
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UPI new rules: 5 major changes that come into effect from January 1, 2024 AsiaNetNews Link
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The US plays the Role of Top Cop, Establishing Global Crypto Standards
Regulators worldwide have been intensifying efforts to establish formal laws for digital currencies in 2023. While many regions have passed laws with potentially tough penalties, the U.S. stands out for taking some of the harshest legal actions against major players in the crypto industry.
The U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC (https://en.wikipedia.org/wiki/Commodity_Futures_Trading_Commission)), Department of Justice, and Treasury’s Financial Crimes Enforcement Network (FinCEN) have actively enforced penalties and fines against crypto companies.
https://ciolook.com/the-us-plays-the-role-of-top-cop-establishing-global-crypto-standards/
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SEC may notify approved ETF issuers by early next week, ahead of January 10 launch: Reuters
"Asset managers who met their end of year deadline may be able to launch by the Jan. 10 decision deadline, according to Reuters, citing people familiar with the process. Those include the aforementioned firms, along with Valkyrie, Bitwise, WisdomTree, Franklin Templeton, BlackRock, VanEck, and Invesco."
These are some big names in the investment field. Companies like these individually have the ability to move the markets in and of themselves. Here, we have seven of them pledging to support the new "spot Bitcoin ETF." This is an asset that will be placed in Global Markets around the world to shift our economy into the digital space.
A wave of buying is expected when this decision comes out on January 10th, 2024. Not to mention all the money these companies will place inside this one asset supporting movement upwards in the crypto space due to the acceptance of Bitcoin serving as a bridge into the new digital asset-based trading system whereby tokenized assets will become the norm.
This shift into a digital economy will bring with it a lot of liquidity from those who have been investing outside of the Financial System anticipating this move into the markets. The Block Link
© Goldilocks
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Goldilocks' Comments and Global Economic News Tuesday AM 1-2-24
Goldilocks' Comments and Global Economic News Tuesday AM 1-2-24
Good Morning Dinar Recaps,
Do you remember those SOFR lending rates that came into effect Globally for the markets and banking system on July 1st, 2023? You know, those that are backed by gold?
The old lending system called Libor operated under uncollateralized units of account in overnight trading to provide liquidity.
SOFR is collateralized by US Treasuries bringing in a more accurate system of lending and liquidity based on real values and cannot be manipulated.
US Treasury Notes such as a US 10 Year Treasury Note pays out at new rates every six months even though it may have a 2,5, 10-year or more duration. And, it pays the face value to the holder at maturity.
Our first round of liquidity for the markets and the banking system under the SOFR lending system pays out early this week.
Goldilocks' Comments and Global Economic News Tuesday AM 1-2-24
Good Morning Dinar Recaps,
Do you remember those SOFR lending rates that came into effect Globally for the markets and banking system on July 1st, 2023? You know, those that are backed by gold?
The old lending system called Libor operated under uncollateralized units of account in overnight trading to provide liquidity.
SOFR is collateralized by US Treasuries bringing in a more accurate system of lending and liquidity based on real values and cannot be manipulated.
US Treasury Notes such as a US 10 Year Treasury Note pays out at new rates every six months even though it may have a 2,5, 10-year or more duration. And, it pays the face value to the holder at maturity.
Our first round of liquidity for the markets and the banking system under the SOFR lending system pays out early this week.
© Goldilocks
Investopedia Link
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"Oil traders around the world are gradually shifting away from using the US dollar
Recent reports say major economic powerhouses have used alternative currencies in oil trades in recent times
Most oil deals in the last year have been settled primarily in the Chinese yuan"
For these reasons, many countries are beginning to call for a market-based determination on the dollar.
A market-based determination is a careful analysis that compares prices of one asset to another.
In this case, we are looking at a comparable analysis among other countries' currencies in the use of buying and selling oil with currencies other than the dollar.
This type of price analysis will determine exchange rate changes needing to be done to coordinate reasonable values between countries.
Watch the water.
© Goldilocks
IBS News Link
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This is the year of determining new valuation prices of all currencies around the world.
© Goldilocks
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New Year’s message from President Christine Lagarde
https://youtu.be/-NhSnQ7gwG0?feature=shared
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Just a reminder, Japan did an in-country test on the QFS on Christmas Day.
India and a handful of other countries are doing an International pilot test on the QFS starting today. Pilot tests usually run at least 30 days that will take us to January 30th, 2024.
On January 30th, 2024, the rest of the world will begin rolling out their connections to the QFS and utilizing the system.
Each phase along the way will have a set of countries no longer using the US dollar in trade as the World Reserve Currency.
This does not mean that all of them will make that decision, but it will level the playing field for countries around the world that want to start utilizing their own currencies.
These new demands will increase the value of all the currencies involved inside this transition creating a Global Currency Reset through new trading volumes making their way into the Global Market.
Watch the water.
© Goldilocks
Wolfstreet Link
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Banking Announcement:
The Banking (Capital) (Amendment) Rules 2023 (BCAR), the Banking (Disclosure) (Amendment) Rules 2023 (BDAR), the Banking (Exposure Limits) (Amendment) Rules 2023 (BELAR), and the Banking (Liquidity) (Amendment) Rules 2023 (BLAR) were gazetted today (December 29) to implement the latest capital standards and associated disclosure requirements promulgated by the Basel Committee on Banking Supervision (BCBS) under the Basel III reforms, together with other related updates for the prudential regulation of banks in Hong Kong.
https://www.info.gov.hk/gia/general/202312/29/P2023122800453.htm
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The gold standard was a part of the global economy for nearly half a century. The United Kingdom introduced it in 1861. Back then, countries used to secure their currency against this precious yellow metal. However, the system couldn’t work for fiat currencies for a long time due to many reasons.
But now, the gold standard seems to be coming back with cryptocurrencies. That’s right, a large number of cryptocurrencies are now being underpinned by gold. Again, there are many reasons leading to this event. From the investors’ perspective, it’s important to gain a complete understanding of it. So let’s delve deeper and see what’s giving a push to these crypto variants.
https://www.thecoinrepublic.com/2023/12/31/understanding-gold-backed-cryptocurrency-its-role-in-trading/
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BRICS Announcement:
The BRICS memberships of Saudi Arabia, Egypt, the United Arab Emirates, Iran and Ethiopia officially took effect on Monday.
The countries were invited to join the group in August 2023 after the 15th BRICS Summit in Johannesburg, South Africa. The Standard Link
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Goldilocks' Comments and Global Economic News Sunday Evening 12-31-23
Goldilocks' Comments and Global Economic News Sunday Evening 12-31-23
Good evening Dinar Recaps,
Banking Announcement of the CBI in Iraq:
In an official statement from the CBI of Iraq, customers inside Iraq can receive the dollar with the permission of investors involved in the transaction.
Otherwise, all transactions are to be done in the Iraqi Dinar going forward in order to enhance confidence in the dinar.
This official statement is the new monetary policy that has been decided to begin on January the 2nd, 2024 per the Council of Ministries.
Goldilocks' Comments and Global Economic News Sunday Evening 12-31-23
Good evening Dinar Recaps,
Banking Announcement of the CBI in Iraq:
In an official statement from the CBI of Iraq, customers inside Iraq can receive the dollar with the permission of investors involved in the transaction.
Otherwise, all transactions are to be done in the Iraqi Dinar going forward in order to enhance confidence in the dinar.
This official statement is the new monetary policy that has been decided to begin on January the 2nd, 2024 per the Council of Ministries. https://cbi.iq/news/view/2494
© Goldilocks
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News Saturday Evening 12-30-23
Goldilocks' Comments and Global Economic News Saturday Evening 12-30-23
Good Evening Dinar Recaps,
The articles below go into great detail about aspects of Maritime Shipping Industry routes that have been broken for some time.
Several are currently being built and rebuilt and will be stronger than ever as shipping routes from the East to the West are being reset. For example, Iraq has a new shipping port that will take away some of the pressures of some ports across the world.
We have talked about several routes these past few years that are being created to carry cargo ships filled with goods to areas of the world forging new pathways into the future and into the new digital economy.
These new passageways will create less of a bottleneck and more of an even flow in the movement of goods across the world as well as a Level Playing Field monetarily.
Goldilocks' Comments and Global Economic News Saturday Evening 12-30-23
Good Evening Dinar Recaps,
The articles below go into great detail about aspects of Maritime Shipping Industry routes that have been broken for some time.
Several are currently being built and rebuilt and will be stronger than ever as shipping routes from the East to the West are being reset. For example, Iraq has a new shipping port that will take away some of the pressures of some ports across the world.
We have talked about several routes these past few years that are being created to carry cargo ships filled with goods to areas of the world forging new pathways into the future and into the new digital economy.
These new passageways will create less of a bottleneck and more of an even flow in the movement of goods across the world as well as a Level Playing Field monetarily.
Look for new price pressures to form because of these changes along with exchange rates to meet the needs of our new Global Economy.
As more and more countries begin to trade with their own local currencies, new price patterns will come with new demands on them.
New contracts and payment agreements are already being signed across the world as we speak. In 2024, many of these new changes will go into effect.
Watch the water.
© Goldilocks
Chem Analyst Link
Economic Times India Link
Hellenic Shipping News Link
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Basel III endgame: 5 things to watch in 2024 American Banker Link
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Why January Could Be a Good Month for Gold OilPrice Link
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Banking Announcement:
Based on feedback to a Jan 2023 consultation paper, Bank Indonesia has decided to proceed with a series of experiments to develop a digital rupiah. RegulationAsia Link
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NEW YORK/LONDON, Dec 29 (Reuters) -"The dollar edges higher on Friday, but it is set to end 2023 with its first yearly loss since 2020 against the euro and a basket of currencies, on expectations the U.S. Federal Reserve will begin cutting rates next year as inflation moderates."
It is more than just this statement claimed in this article. Many countries have already begun utilizing their own local currency instead of the dollar in trade.
This trend is expected to continue in 2024 as the realignment of currencies across the board is expected to share new demands on the purchase of goods in trade by the countries who are offering them.
These new demands will create interest and money flow inside these countries utilizing their own currencies and price pressures will be forthcoming.
© Goldilocks
XM Link
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Tokenizing Real World Assets (RWAs) will unlock a new “Golden Age” in blockchain and traditional finance, according to British-Venezuelan researcher and lecturer Carlota Perez. Tech Node Link
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IRS ‘Pay Up’ Letters Start Arriving in Millions of Mailboxes Next Week
Starting next week, the Internal Revenue Service will resume sending a “special reminder letter” to millions of Americans about their unpaid tax bills, ending a nearly two-year hiatus for the mailings during the pandemic. https://themessenger.com/business/irs-unpaid-taxes-collection-notices-resume-pandemic
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South Africa’s envoy says BRICS is set to double as Saudi Arabia, Iran, the United Arab Emirates, Ethiopia and Egypt will join on January 1
Here comes 2024
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"Iraq Stock Market Report · ISC approved the listing and trading of reconstruction bonds which was issued on 10/10/2023 by the Ministry of Finance, ..."
Reconstruction Bonds will raise Capital funds for the country of Iraq and insure liquidity for the banking system, merchants, and the people as they continue to build and grow their economy.
Reconstruction bonds are considered the Secondary Market where currency trades take place. These new listings on the Iraqi Stock Market will go to help improve the infrastructure of Iraq and strengthen its economy locally and abroad.
Iraq is rapidly becoming a self-sustaining economy capable of reaching out to the International Markets once again. Their new digitized shipping ports will bring in revenue as well as expand the use of their currency going forward.
© Goldilocks
MENA FN Link
American Legal Code Library Link
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"China to lower dollar, euro weightings in CFETS yuan basket index in 2024"
This will open up more room for the growth of the Chinese Yuan. It is an indication that the Chinese Yuan is being traded more and being given a higher weight in its value.
It is one of many economic mechanisms that are showing the need for adjustments to new values. These actions are one of many signs that a reset in currency values is on its way.
© Goldilocks
Kitco Link
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International Bank Transfers (Clearly Explained)
"In most countries, there are no legal limits on currency exchange."
"The UK, US, Canada, Australia, NZ, and the countries in the EU have no restrictions on the maximum size of an international bank-to-bank money transfer."
So there you have it. There are no legal limits in most countries including the US for a bank-to-bank transfer of money.
This is a simple bank exchange, my friends.
© Goldilocks
https://www.keycurrency.co.uk/international-bank-transfer/
https://www.keycurrency.co.uk/large-currency-exchange/
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China and Russia test ‘hack-proof’ quantum communication link for Brics South China Morning Post Link
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US Military Launches Highly Classified Unmanned Space Plane
The U S Space Force launched a secretive plane on Thursday which has been equipped with heavier boosters that could feasibly send it further into orbit than ever before. ZeroHedge Link
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