Goldilocks' Comments and Global Economic News Tuesday AM 1-30-24

Good Morning Dinar Recaps,

"Today, the U.S. Department of the Treasury is using powerful tools to protect the Iraqi and international financial system from abuse by terrorist financiers, fraudsters, and money launderers."

The Office of Foreign Assets Control (OFAC) is currently involved with Iraq to make their electronic transactions safe and secure in order that the international banking system will develop a level of trust once again.

With the help of artificial intelligence, the US is currently capable of targeting people and institutions who are abusing the financial system in Iraq. The ability to sanction specific people and targets of interest through artificial intelligence takes us to a much different place than before in our ability to create a safe environment for exchanges in Iraq and those who trade with them.

These new mechanisms will be used all over the world to create specific tools targeting terrorist transactions going forward. We live in a different world my friends.    

© Goldilocks
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Goldilocks' Comments and Global Economic News Friday Evening 1-26-24

Good evening Dinar Recaps,

The World Trade Organization has been working on reforms for some time. In the past, it has been believed that this organization has favored the larger countries. Attempts have been made to reconcile some of the mechanisms to create a "More Level Playing Field" among the smaller countries.

In 2024, a renewed mechanism is at play to settle some disputes among countries feeling the need to call into question certain trades that have been favored towards larger countries over their own.

With the upcoming 13th Ministerial Conference (MC13) in February, a meeting with several representatives from around the world to talk and implement a new mechanism put into place called the "appellate mechanism."

The appellate mechanism is governed by seven people who will make decisions on disputes that are called into question. Last year, I shared with you how foreign exchange rates were being reformed within the WTO. Now, we are witnessing many trade products being brought to the table for adjustments throughout this year.

Goldilocks' Comments and Global Economic News Thursday Evening 1-25-24

Good evening Dinar Recaps,

We are approaching a sink-or-swim situation. The Banking System has prepared well for the up-and-coming volatility inside the markets and banking system with new capital requirements to minimize many of the fluctuations that are about to come our way in every sector of the market.

New Tokenized Assets are creating new Protocols and opportunities to bring in money spent outside of the banking system. These new assets will be governed through artificial intelligence in many cases capable of helping investors navigate through the new landscape of the new digital economy.

As these forces are brought together, price distortions will come into the new financial system seeking new algorithmic support levels. It will be the new support levels that will determine new prices on the road ahead of us as Global Markets begin to transition into a Global Currency Reset capable of measuring and controlling these new rates through new Quantum Technologies.

© Goldilocks

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Goldilocks' Comments and Global Economic News Wednesday Evening 1-24-24

Good Evening Dinar Recaps,

A Rewiring of the World’s Biggest Bond Market Will Transform Trading

"Securities and Exchange Commission Chair Gary Gensler, who once oversaw federal debt management at the US Treasury, has championed a move to require the vast majority of Treasuries trading to migrate to a central counterparty clearinghouse — an intermediary between buyers and sellers that assumes ultimate responsibility for the transaction."

This movement of the Bond Market or US Treasuries to a Central Clearing House for Market transactions creates a burden of care upon the dealers to screen their clients more carefully in trading transactions between two parties such as foreign currency trades.

This will create less liquidity taking place in a trade, but the ability to collateralize one's transactions will secure all parties involved.  It will shift a lot of responsibility toward the Commodities Futures Trading Commission (CFTC) where many of our new tokenized assets going forward will be governed.
This is all part of the new transition of the markets into a new digital economy. Yahoo Finance

© Goldilocks

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Goldilocks' Comments and Global Economic News Wednesday AM 1-24-24

Good Morning Dinar Recaps,

Figure Technologies Incorporated is looking for regulatory approval from US authorities.

They are looking to initiate to the public an interest-bearing stablecoin. It will establish a new category for stablecoins.

This particular stablecoin will give Federal legitimacy to the new digital economy.

If approved, Figure Technologies Incorporated will be the first issuer of a stablecoin regulated as a security in the United States.

The stablecoin will accrue daily interest, and it will distribute a monthly gain to their holders.

The interest will come from reserves backed by the Treasury, Commercial Paper (cash), Corporate Bonds (SOFR) and other assets.  

© Goldilocks

 Goldilocks' Comments and Global Economic News Tuesday Evening 1-23-24

Good evening Dinar Recaps,

"On 27 December 2023, the Hong Kong Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly issued a consultation paper1 (the Consultation) proposing regulatory regime for fiat-referenced stablecoin (FRS)2 issuers in Hong Kong.

The Consultation aims to establish licensing, supervision, and enforcement measures that align with global standards to effectively control the existing and potential risks linked to the development of stablecoins in Hong Kong.

The HKMA plans to launch a "regulatory sandbox" for potential issuers to facilitate the observation of stablecoins at the regulatory level in a controlled environment and will shortly be announcing the details of the arrangement."

We have gone over what a sandbox is before in this room. A sandbox is used to test and prepare for regulation a group of assets, and this one is testing Stablecoins. Stablecoins represent a currency inside of a country. In order for Hong Kong to test the currencies that trade with them in digital format, they are going through this testing period, so they can prepare these new Stablecoins for regulation under Global Standards on the new digital economy.

Goldilocks' Comments and Global Economic News Monday Evening 1-22-24

Good Evening Dinar Recaps,

"Digital Assets Set to Disrupt Dollar Dominance"

Bitcoin, the growth of Stablecoins, and Central Bank Digital Currencies are expected to chip at the dollar dominance this year.

These disruptions will cause a recalculation and a refactoring of the dollar value in relation to other currencies around the world.

Price pressures on these new assets will begin to formulate new patterns and support levels for these new assets, and this is when you start to see the markets begin to price in new valuations.

We will be monitoring these changes as they take place.

© Goldilocks

Goldilocks' Comments and Global Economic News Monday AM 1-22-24

Good morning Dinar Recaps,

"SEC Updates Digital Token Regulations and Asset Custodial Services"

The Securities and Exchange Commission has updated some rules to governing digital tokens and digital asset custodial services.

Key Changes:

* lifting investment restrictions on certain digital tokens

* establishment of criteria for businesses that provide custodial wallet services

* required to seek permission prior to engaging in other business activities

* SEC has also made more noticeable service standards

Good evening Dinar Recaps,

"When you trade FX forwards, you are agreeing to trade a currency pair at a set price on a set date in the future. This means you intend to buy one currency (base currency) and sell another (quote currency)at a predetermined price because you believe one of the currencies will strengthen against the other by a specific date."

Here we have it. It looks like traders are anticipating currency changes.

Let's look at a couple of reports:
1. "CLS REPORTS METEORIC 67.8% SURGE IN FX FORWARDS TRADING"

2. "CLS has reported a significant uptick in foreign exchange trading activity for December 2023."

This is a huge shift for traders. Most traders stay away from Forex opportunities because there is far more to be made in the rest of the market.

Something is changing to create this kind of shift in the minds of investors who usually stay away from this sector of the market.  

© Goldilocks

Goldilocks' Comments and Global Economic News Saturday Evening 1-20-24

Good evening Dinar Recaps,

Graham Steele, U.S. Treasury Assistant Secretary for Financial Institutions, calls for establishing crypto regulation standards to preempt potential crises.

U.S. Treasury Assistant Secretary for Financial Institutions Graham Steele emphasized establishing standards before potential crises occur. Speaking at a George Washington University Law School event, Steele highlighted the opportunity for policymakers to learn from past financial crises, like those leading to the Dodd-Frank Act and the National Bank Act.

“For crypto-assets, policymakers have a chance to act before a crisis to adopt higher standards that support responsible innovation,” Steele said.

He stressed the balance needed in legislative proposals, advocating for regulations that bolster innovation without compromising existing financial regulations.