Goldilocks' Comments and Global Economic News Wednesday Evening 3-6-24

Good evening Dinar Recaps,

Today, the Global Markets Advisory Committee Meeting subcommittee of the CFTC is meeting to make 3 recommendations for the markets going forward:  

* The first-ever digital asset taxonomy. It is designed to promote regulatory clarity and international alignment.
* Basel 3 end game proposal.
* Transition to T+1 securities settlement and Treasury ETFs.

The role of this committee is to take a look at the legislative process and make recommendations for a bill to move it forward in Congress. Although committees only have the authority to advise, their recommendations go a long way in determining the contents of what goes on a legislative bill.

These three proposals are already in process. This committee is designed to focus attention on the details of what has already been introduced to Congress.  These recommendations will provide more clarity for Congress to understand and work with current legislative bills already on the table.

The Financial Stability Board will be present at this meeting along with other prominent Global Financial Advisors. A vote will be taken today to move these legislative bills forward.   CFTC

© Goldilocks

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Goldilocks' Comments and Global Economic News Tuesday Evening  3-5-24

Good evening Dinar Recaps,

Finance ministers discuss BRICS Bridge digital currency payments 

"Specifically, the Ministry said, 'We are talking about creating a multilateral digital settlement and payment platform.' However, Sputnik International one of Russia’s English propaganda networks, went further. It said Finance Minister Anton Siluanov was ready to test digital currencies with China, the Eurasian Economic Union (EAEU) and the Gulf countries."

Another news outlet quoted Siluanov as saying, “The first thing to do is to create a connection to the existing central bank digital currency systems that are already operating in a number of countries. In parallel with this, national financial messaging systems need to be connected.”

Here, we have information with specific guidance on what has to be done in Russia and the BRICS system to see their local currencies onboarded to the new QFS. They give us a direct message in the last sentence of the above article.

Here it is again separated from the paragraph, "...national financial messaging systems need to be connected."

Goldilocks' Comments and Global Economic News Late Monday 3-4-24

Good Evening Dinar Recaps,

I am aware that we have a back screen rate people have been sharing on the dinar indicating movement in the IQD. It is good to know that there is one.

Now, you can stop doubting that this is real.

Keep your eyes on gold, silver, and oil to solar sections of the Debt Clock. These numbers will be the foundation assets to the new economy, and they are numbers we need to see in order to formulate real values across all market sectors.

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

© Goldilocks

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Goldilocks' Comments and Global Economic News Monday Evening 3-4-24

Good Evening Dinar Recaps,

"Glassnode on Wednesday reported that major US OTC platforms have run out of bitcoins, with only 40 coins remaining. This development shows an imminent supply shortage which directly signals the potential for a big price pump shortly."

Yes, Bitcoin is 15 years old and running out of supply. There are only 40 bitcoins left as of 3 days ago. At this point, the demand for Bitcoins are outpacing their supply.

When demand outpaces supply, the corresponding response for an asset is to rise in its value.

Historically, Bitcoin tends to lead the rally for all the crypto space. An upward movement is expected going forward inside our new digital economy.

A bull run in the crypto space will encourage digital adoption as this new asset class begins to form new price pressures going forward.

Remember, everything is being tokenized including Forex. Remember....   Coin Market Cap

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Goldilocks' Comments and Global Economic News Sunday Evening 3-3-24

Good Evening Dinar Recaps,

"India’s forex reserves experienced a notable increase, rising by $2.975 billion to reach $619.072 billion for the week ending February 23, as reported by the Reserve Bank of India (RBI). This surge follows a previous week where reserves had slightly decreased by $1.132 billion.

Major Components

1. Foreign Currency Assets:

Increased by $2.405 billion to $548.188 billion.

Foreign currency assets encompass various currencies such as the euro, pound, and yen, reflecting their valuation against the US dollar.

Goldilocks' Comments and Global Economic News Saturday Evening 3-2-24

Good Evening Dinar Recaps, 

"Hong Kong is currently pursuing an expansion of the digital yuan’s application. It is also approaching the second phase of its own CBDC pilot program and completing consultations for stablecoin issuance."

Do you remember a couple of months ago when we spoke of several global stablecoins that were being tested inside a sandbox with Hong Kong?

They are telling us that Hong Kong is in process of moving past the consultation process and ready to move into the implementation phase. This is the phase of regulatory development inside Global use case scenarios.

The e-HKD digital version of the Hong Kong dollar completed its first pilot testing phase in October 2023. Now, Hong Kong is telling us that they are moving into the retail sector.  This will include programmable payments, offline payments, and tokenized deposits.   Coin Speaker

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Goldilocks' Comments and Global Economic News Friday Evening 3-1-24

Good Evening Dinar Recaps,

"Congress approves a short-term extension to avoid a shutdown and buy more time for final spending agreement"

This short-term extension lasts until the 22nd of March, 2024. At that time, a new fiscal budget is expected to be approved in the US.

This was supposed to be voted on last October the 1st of 2023, but many adjustments to the bill has been adjusted since that time to incorporate new needs and discarding ones no longer needed as we move into the new digital asset based trading system.

At that time, new liquidity forming the basis for our new digital economic framework projects (Protocol 20) will come into play as we incorporate new ways of living in this new world.  AP News

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Goldilocks' Comments and Global Economic News Thursday Evening 2-29-24

Good Evening Dinar Recaps,

"The legislation aims to foster innovation in financial services by establishing federal regulatory sandboxes that let entrepreneurs test new products and services while ensuring consumer protections, according to the release.".  1 day ago

As we have discussed in this room before, a federal regulatory sandbox allows new innovations to be tested in a private setting and in a controlled environment.

This testing of new digital assets will gain an insight into their functionality and operability. The findings will allow them to regulate their behavior under the supervision of qualified individuals capable of assessing their future use case scenarios.

Goldilocks' Comments and Global Economic News Wednesday Evening 2-28-24

Good Evening Dinar Recaps,

"This suggests that the gap between weekends and weekdays could deepen further as ETFs gain traction and change the market structure,” Kaiko concluded.

Since the dawn of spot Bitcoin ETF, trading volumes over the weekend have moved over to Traditional Market hours Monday through Friday.

People are beginning to wake up to the fact that a digital economy is well underway, and the markets are shifting from weekend trades to traditional Market hours.

This move is indicating that sentiment towards a digital economy is growing, and the measurement of new values on digital assets are beginning to move M-F with the traditional market hours.

This has raised the level of professionalism inside the CRYPTO Market giving those who trade these assets more validity as a trader.

Goldilocks' Comments and Global Economic News Tuesday Evening 2-27-24

Good Evening Dinar Recaps,

SEN. CRUZ INTRODUCES LEGISLATION TO BAN CENTRAL BANK DIGITAL CURRENCIES

Sen. Cruz previously introduced legislation to prohibit the Federal Reserve from developing a direct-to-consumer central bank digital currency which could be used as a financial surveillance tool by the federal government in both 2022 and 2023.   6 hours ago    Cruz Senate  

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"Let’s show WTO is alive': UAE foreign trade minister says conference can be 'launch pad' for global trade"

The World Trade Organization is discussing with several countries how they are reforming the standards and percentages of trade opportunities among countries from around the Globe.

Focus is on leveling the playing field among some of the smaller countries giving them equal foothold and standing on the world stage.

Goldilocks' Comments and Global Economic News Monday Evening 2-26-24

Good Evening Dinar Recaps,

WTO Iraq Announcement:

“Iraq is participating for the first time since 2004 in the Ministerial Conference of the World Trade Organization, which is held in... The capital, Abu Dhabi,” points to “the completion of the requirements for Iraq’s access to the organization, which is the completion of the files of trade in goods and trade in services within the timetable for joining the global multilateral trading system.” 

Iraq is currently participating in the World Trade Organization. Their potential membership is moving forward. As a full member of the WTO, they will need a rate to fully participate in this inclusion.

This is truly a monumental achievement for Iraq and something the world has been waiting for for a long time.   Economy--News

© Goldilocks

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"We expect Việt Nam’s export orders to continue increasing in the months ahead due to the surprising strength of the US economy, as evidenced by the highest level of US consumer confidence since the COVID reopening boom.”

"The resulting broad-based economic recovery (in exports, manufacturing, and consumption) should boost earnings for a range of listed stocks, enabling active managers to outperform the broader stock market."