Goldilocks' Comments and Global Economic News Friday Evening 3-15-24

Goldilocks' Comments and Global Economic News Friday Evening 3-15-24

Good Evening Dinar Recaps,

Much of our transition taking place around the world has to do with the movement from a World Reserve Asset such as the Dollar to sharing this privilege with many Currencies around the world.

This changes economic policies in countries around the world, and it sets forth the need for new guidelines and protocols inside banking systems and marketplaces.

Laws have to be changed, Banking and Trading Protocols are changed, trading exchange rate percentages have to be changed, and more. On top of all of this, it has to be digitized.

The new Digital Financial System creates new standardized protocols that are backed by gold and other commodities. Everything has to run smoothly and with real values going forward. The QFS runs on precise measures enabling artificial intelligence to come in and carve out new pathways into our future we have never seen before.  BIS

© Goldilocks

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Stablecoin Announcement:

"Cardano (ADA), a prominent blockchain platform for smart contracts similar to Ethereum is set to introduce its premier fiat-backed stablecoin, USDM, in the United States on March 16th. This launch marks a key moment for the Cardano ecosystem, providing users with a reliable stablecoin pegged to the US dollar and enhancing accessibility to the platform’s features."

USDM coin lunches tomorrow from the Cardano Network. This coin will work well with Ethereum ERC20 smart contracts ensuring funds available on both sides of a trade.

USDM will be "coined" as a leading fiat-backed Stablecoin. It will start in 19 States inside America, and it will begin to move across the rest of them upon availability.   Coin Speaker

© Goldilocks

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"MiCA is a milestone in the cryptocurrency market since it is the first comprehensive regulation for the still-emerging technology. The framework defines the assets that fall under its jurisdiction, who can offer related products and services, and who has the authority to regulate and enforce the legislation."  Jan 10, 2024

MiCA is not expected to be fully complete until December, but the Stablecoin regulation portion of this comprehensive crypto regulation is expected to be done by the summer.

Stablecoins will allow the movement of our Tokenized Assets to be bought and sold across various Digital Networks. As we have said before, 90% of the global economy is expected to be tokenized by the end of the year.

The Bitcoin halving on April the 18th through the 22nd will be the takeoff point for many of these new Tokenized Assets to begin their steady climb, adoption, and integration into our new digital asset-based trading system.

At that time, we will see the Digital Economy begin to take our new Financial System into real values. This is expected to create price pressures across all sectors of the market which includes Forex.

The full revaluation of many of these assets will not be seen until early next year, but a new free floating economic system based upon supply and demand is about to transform our Financial World and transition us into a new economy.     Coin Gape  Investopedia 

© Goldilocks

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In a previous article, Europe stated that they would be finished with their comprehensive cryptocurrency guidelines called MICA by the end of May.

Today, we read that they would be finished with the Stablecoin section by the end of June. This will allow our cryptocurrency Market to accelerate. We also read that their comprehensive cryptocurrency would be finished by December.

After April, our cryptocurrencies will begin to move into a real value. This will put price pressures on currencies on all levels going forward to move into a real value. What remains to be seen is whether or not paper currencies will be invited into this process.

Currently, the full movement of cryptocurrency valuations has not completely started, but they have been released to begin correlating their Market values to new digital platforms being liquidated by people who have money to move the market.

Institutional money is about to change all of that after the Bitcoin halving. As our cryptocurrencies are currently decoupling themselves from predetermined prices, it is important for us to prepare ourselves for new changes that will take place in a rapid fashion after April the 22nd inside our new digital asset-based economy.

These events are layered on top of each other, and the cryptocurrency revaluation will be a major catalyst that will move money into our paper currencies.

© Goldilocks

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Bitcoin DeFi App Sovryn Is Expanding to Ethereum—Here's How - Decrypt

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What the PPI is Telling us: Disinflation in “Core Goods,” a Hefty Counterweight to Hot Services Inflation, May be Over | Wolf Street 

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ETNs are bonds issued by financial institutions tracking the performance of underlying assets - in this case crypto assets.

In a separate statement, the LSE said on Monday it would accept applications for the admission of bitcoin and ether ETNs from the second quarter of this year.   This is Money

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From tariffs on high carbon goods to technical regulations that set emissions targets, well-designed trade policy is critical to deliver Net Zero. But there is growing debate over whether such measures are compatible with international law.   JD Supra
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How the ECB’s new operational framework could impact bank liquidity and funding | articles | ING Think

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Gold & Silver supply shortage imminent? Feat.  Rob Kientz | YouTube

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Haiti's Currency Drops Here's What Happened | YouTube

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Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374% – Altcoins Bitcoin News

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Here’s a full list of ISO 20022 coins and tokens:

XRP (XRP)
Cardano (ADA)
Quant (QNT)
Algorand (ALGO)
Stellar (XLM)
Hedera HashGraph (HBAR)
IOTA (MIOTA)
XDC Network (XDC)
Coin Codex

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The paper game is DONE | YouTube Shorts

👆 This short video is talking about the paper game in Comex. The Comex paper Gold and paper Silver trades are over.

Look for new physical silver and physical gold prices to emerge.

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Goldilocks' Comments and Global Economic News Thursday Evening 3-14-24

Goldilocks' Comments and Global Economic News Thursday Evening 3-14-24

Good Evening Dinar Recaps,

The Securities and Exchange Board of the India is expanding their framework of Qualified Stock Brokers. This is expected to protect the interest of investors and expand compliance for Stock Brokers engaged in asset exchanges such is foreign currency and more.

These registration requirements for compliance and security are expected within 180 days of March the 8th, 2024. Global Index Providers do not fall under this category. You will be glad to know that many of the foreign currency trades fall under this category.

This does not exclude this sector of the market from expansion or security compliance issues. It will be going through these economic reforms as well. We are just simply not going to have to wait for these changes to be complete to move forward.

In other words, India is going through a re-indexing process inside their stock market that will enable them to expand their Foreign Currency Exchange Market through the Unified Payments Interface (UPI). The UPI will allow India to focus on their ability to connect to Global Banks near and far through payment systems inside the QFS.

This will allow India to expand their ability to trade with local currencies around the world, instead of, just a few that fall into the category of a World Reserve Asset and higher values in a few other currencies.    Affairs Cloud

© Goldilocks

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Janet Yellen, United States Secretary of the Treasury is now on record as finally admitting that Higher Inflation and Higher Yields Are Here to Stay.

“It seems unlikely that yields are going to go back to being as low as they were before the pandemic.” Yellen.

Remember, this refers to the old Financial System. Under a Digital Gold Standard Financial System, we will witness gold deflating an inflated economy.

Our tokenized assets are currently being interfaced into the new QFS allowing us to move into a decentralized system incorporating new banking protocols along with trading protocols that will transform our markets into real values.

It will change monetary values in every sector of the market including Forex. This is why many have called it a Global Currency Reset, but it includes every sector of the market and banking system as well. Wolf Street

© Goldilocks

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War Bonds are here...
Bond Investors Are Lining Up to Fund the War Against Putin. |  Finance Yahoo

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RBI, Indonesia's central bank, signed local currency trade agreements. | IBEF

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Digital Financial Asset Announcement:

Russian President Vladimir Putin signed a law allowing firms in the country to use digital financial assets including the digital ruble in international payments on March 11.

Moscow has fast-tracked the bill in an apparent bid to help domestic companies use digital tokens and CBDCs to evade sanctions.   Crypto News

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Hong Kong Banking Announcement:

Hong Kong begins phase 2 of CBDC pilot
Hong Kong’s central bank will accept proposals on potential use cases of a digital Hong Kong dollar from industry participants until May 17.

The Hong Kong Monetary Authority (HKMA) has launched phase two of its e-Hong Kong dollar (e-HKD) pilot program and urged industry participants to apply and submit potential use cases for its central bank digital currency (CBDC).    Coin Telegraph

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$27 Trillion Expected to Flow into XRP, $500 Possible? | YouTube

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#Gold is stealing the spotlight this week, but where does #silver stand? |  Youtube

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"Copper rally not over yet, Citi bullish on tighter supply outlook" | Investing
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I believe the cryptocurrency for copper is XDC. Not a suggestion, just an observation. 😉

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Goldilocks' Comments and Global Economic News Wednesday Evening 3-13-24

Goldilocks' Comments and Global Economic News Wednesday Evening 3-13-24

Good Evening Dinar Recaps,

Our Consumer Price Index (CPI) came in higher yesterday than expected. This does not increase our chances of lowering interest rates early this year. The price on goods and services are still high and interest rates along with them made it even higher.

If this persists, it could lead to deflation. A slowing economy is not good for the markets, consumers, or companies.

During deflation, consumers tend to buy gold as well as investors to protect them from a slowing economy and the debasement of their country's currency.

Cryptocurrencies that have a limited number of supply tend to do well along with a backing of gold to support them.

We are heading into a strong headwind economically, our tokenized assets "digital gold" will become the bridge into the new economy.

The demand for cryptos supported by gold will provide the new liquidity into the new Digital Financial System offering us the opportunity to reverse our current Financial forecast as we transition into the new digital asset-based trading system.    BIS

© Goldilocks

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"Stablecoin sandbox launches in Hong Kong, as companies make plans for cryptocurrencies pegged to local currency"

© Goldilocks

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"The Hong Kong Monetary Authority launched a plan to trial stablecoins, announced in December, for companies with a ‘genuine interest’ in fiat-backed crypto."

Trial periods can last anywhere from 30 to 60 days. This marks an important event for the world to see if Stablecoins backed by gold and other commodities have the potential to move our economy into a gold standard based on digital assets and new banking protocols designed for a digital economy guided by artificial intelligence.

If this is successful, we will begin to see many Stablecoins enter into the Global Market. It will begin to create price pressures on our paper currency.

We will first see a stabilization of currency prices reverse current trends, and move or monetary system into real values. It is a strong headwind ahead of us, but the work put into this new digital global economy is about to be tested inside the real world. Reversals don't happen overnight. Patience and endurance are definitely needed at this time.

India's Unified Ledger is expected to be a part of this trial along with the Shanghai Exchange. The Chinese Rememidi will serve as a part of this testing.

The HKMA will use this sandbox testing to share ideas on supervisory expectations. It will serve as guidance on the issuance of fiat-referenced Stablecoins in Hong Kong.

As you can see, the Eastern half of our world is beginning to make its move into the new QFS. By the time this testing is complete, Global cryptocurrency regulations are expected to be finished by Europe through MICA.   SCMP   SCMP 2
We are in the calm before the storm.

© Goldilocks

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In 2019, China began piloting its central bank digital currency, known as the e-CNY. After a slow start, uptake has accelerated rapidly, with 26 cities serving as test beds and 5.6 million merchants registered to use the currency nationwide as of last year. Its implementation has gone into overdrive in 2023.Oct 10, 2023   SCMP

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The Hong Kong Monetary Authority (HKMA) announced today (12 March) the launch of the stablecoin issuer sandbox arrangement. | HKMA  18 hours ago
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RBI in discussions with US, Hong Kong, Swift on digital bank payments | Finance News - Business Standard

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The Digital Rupee (e₹) or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC).| Wikipedia
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FDIC official urges better digital asset policy to maintain US influence | CoinTelegraph

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"From March 11 to 15, securities companies will conduct a trial of order placement and trading activities to guarantee seamless operation, simulating a normal trading day."

Vietnam's version of the QFS (Ho Chi Minh Stock Exchange) is currently on a trial run heading towards implementation. Yesterday, we saw where many of the United States companies were doing Global testing as well.

The QFS is currently in experimentation, and the knowledge we gain from these testing periods will provide insight for us to move forward.

© Goldilocks

https://vietnamnews.vn/economy/1651309/hose-starts-trial-run-of-new-krx-technology-system-on-march-4.html
Vietnam News

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US Spot Bitcoin ETFs Coming to India From Crypto Investment Platform: Report | CryptoPotato

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UE: new regulation for sanctions, focus on cryptocurrencies |  Cryptonomist

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Beneath the Skin of CPI Inflation, February: Inflation Saga far from Over, Core CPI & Core Services in Ominous 6-Month Trend | Wolf Street

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Goldilocks' Comments and Global Economic News Tuesday Evening 3-12-24

Goldilocks' Comments and Global Economic News Tuesday Evening 3-12-24

Good Evening Dinar Recaps,

"The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars. Implementing such a decision is likely to significantly increase Al Sudani’s popularity."

This decision is currently shrouded in political conflict, this is seen as a move to gain popularity by many in the region of Iraq.

Although this is going to be a reality due to many of the changes in their monetary policies, there are those who still do not want any changes to Iraq's currency.

The important thing to note in this article is that a rate is being considered. It is also needed due to more countries getting involved in their economy that will require them to raise their current Dinar rate to level the playing field in trade.

If you look closer at the numbers written into this article, you will notice that the first move on the Dinar would be to drop the three zeros. It makes things very clear what they mean by such a change in their rate.

Meanwhile, Iraq has agreed to implement their economic reforms this year. They are working with the IMF in this process.   https://www.jpost.com/middle-east/article-791161

© Goldilocks

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Current market trends and statistical analysis are indicating we have a growing economy with the expectation of an interest rate cut this summer.

You may be asking yourself, how is this happening? The market’s focus has pivoted away from from a focus on interest rates to a forecast earnings growth potential. If this continues, liquidity squeeze can be cut to a minimum.

This does not mean fallouts will not occur in some sectors of the market. It just simply means that our markets are adapting to new priced in behaviors expected as the year progresses.

Inflation has an effect on buying bonds inside various countries along with more demand for a country's products and interest rates. The last few years has been characterized as an adjusting of the above monetary mechanisms across all countries.

The IMF has been meeting with these countries and working on shifts in monetary policies that reflect a "Level Playing Field" in trade and opportunity for the Global Economy.

Article 4 is more than just changing a country's exchange rate. It is a change in the mechanisms and monetary policies that will help each country achieve new price actions across all sectors of their market. The World Trade Organization is still working on some of these changes.

Many of these changes are expected to formulate new price pressures in the second half of this year due to these fundamental shifts and the economic factors holding them back are falling away.

De-dollarization is only one factor that will create the much needed changes for a Global Currency Reset. It takes the coordination and involvement of all countries to create lasting change.

I have been watching the IMF work with countries for the last few years in developing their economy into network connections that will move their economy into a much higher level. Bilateral Trade Agreements have been signed throughout these past few years that will increase more demand on a country's products increasing the value of their currencies.

And now, Protocol 20 is advancing these new trade opportunities through the interfacing of networks on the digital financing system capable of making changes such as these a reality. Smart Karma CME Group Schwab

© Goldilocks

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Here's how XRP can become stablecoin, per Grok The AI chatbot launched by Elon Musk’s recently founded xAI startup believes that XRP can be turned into a stablecoin with help from Automated Market Makers AMMs; they would work as a stabilization mechanism, using USDC or another similar stablecoin.

Read more on U.Today https://u.today/xrp-can-become-stablecoin-elon-musks-ai-grok-says

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High-value, high-risk: Bribery, corruption and fraud threats to the luxury goods sector | White & Case LLP - JDSupra

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Several of these are going to show up around the world at this point.  | Grayscale

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"National Development Fund Partners with World Economic Forum" National Development Fund (NDF), Riyadh is located in Saudi Arabia.

Saudi Arabia is aligning themselves with International Financial Institutions. This will enable them to get up to date information on Financial opportunities that will aid them in decision making processes.

In their pursuit of trading in local currencies, this will give them the opportunity to participate and associate themselves inside the World Economic Forum capable of helping them achieve these efforts.

Raising the National Development Fund's standing on the world stage will give Saudi Arabia the tools to join Digital Networks designed to level the playing field between the world and their desire to become equal partners on the Global Stage.

In turn, this will not only raise the value of their economies' presence in the world, but it will raise the demand for all currencies involved in the Saudi Arabia economic opportunities. SPA gov EN AS Top 1000 Funds

© Goldilocks

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Our Global Economy is still building International coalitions. Many of these will come into fruition the second half of this year, and the Global Payment Systems will begin to put price pressures on all Nations around the world through new demands placed on their currencies.

© Goldilocks

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FDIC vice chair wants regulators to hurry up on addressing tokenization. Tokenization could be a “major leap” for the monetary system. Travis Hill doesn’t want the U.S. to be left out.

The monetary system “stands at the cusp of a major leap,” the Bank of International Settlements wrote last year, in reference to the growing development of tokenization: the representation of claims digitally, on programmable platforms known as the blockchain and distributed ledger technology.
Banking Dive

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Bloomberg analysts substantially lower likelihood of spot Ethereum ETF approval in May to 30% | The Block

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"Global banks participate in large-scale blockchain pilot test"

No one can deny the fact that we are moving into a global digital economy at this point. When you have "...155 participants from 45 major organizations have settled real-world assets across 22 blockchains," you have a consensus model.

Major financial institutions such as Goldman Sachs, BNY Mellon and Cboe Global Markets completed a large-scale pilot test using blockchain technology. Yes, this included the Forex Market on the CBOE Exchange.

"Institutional investors executed over 350 simulated transactions via distributed ledger technology in areas such as tokenized assets, fund registry, digital cash, repo, securities lending and margin management on the Canton network."

The pilot test included:

* 15 asset managers
* 13 banks
* four custodians
* three exchanges
* and the Stablecoin issuer Paxos Trust.

“With the Canton Network, a digital bond and a digital payment can be composed across two separate applications into a single atomic transaction, guaranteeing simultaneous exchange without operational risk,” according to a press release from Canton. It added, “Likewise, a digital asset could be used in a collateralized financial transaction via connection to a repo or leveraged loan application.”

The Canton Network includes:

* Deloitte
* Deutsche Börse
* Microsoft
* Moody’s
* and S&P Global.  

Folks, we have an operational Digital Global Monetary System. It has been tested and awaiting final touches on the digital payment system (stablecoins), messaging system, and crypto regulations to move through the legislative process.

If you have been doubting that the new Financial System is "digital," it's time to wake up. CoinTelegraph

© Goldilocks

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FDIC official urges better digital asset policy to maintain US influence | CoinTelegraph

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Goldilocks' Comments and Global Economic News Monday Evening 3-11-24

 Goldilocks' Comments and Global Economic News Monday Evening 3-11-24

Good Evening Dinar Recaps,

"The Yuan is the world's fifth most-used currency for trade. The IMF, which is due to review the basket's composition later this year, must deem any new currency "freely usable," or convertible - seen as a key obstacle for the Yuan, also known as the Renminbi. But the Fund also could change its criteria, or have a phased entry for the Renminbi after it meets the standards, as some officials have suggested."

Since the time of the quote above, the Renminbi has been included in the Special Drawing Rights of the IMF. There's even a bill that includes special recognition of China's currency and it's role in the future global economy.

Below, you will see a link to the dollar act legislative bill currently in the introduction phase. It states inside the introduction that digital dollar has to be formed this year. This means that the Stablecoin for the United States dollar is and will find its regulations completed for trade inside the new QFS.

Currently, the WTO is in process of currency reforms this year. They are adjusting percentage prices among several countries' goods and services to make trade among nations a "More Level Playing Field." These changes will have corresponding exchange rate adjustments through a re-indexing process.

Meanwhile, China's currency in trade is increasing in volume and part of the WTO's evaluation for the revaluation of the Eastern half of our World's currency values.

Role of the Renminbi:

"An SDR allocation is a way of supplementing Fund member countries' foreign exchange reserves, allowing members to reduce their reliance on more expensive domestic or external debt for building reserves."

© Goldilocks
PBC Gov
Congress Gov
Nasdaq
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Old traditional money is transitioning into digital gold money. Today and tomorrow are significant days in this transition process.

The reliance on old money to support the banking system is going away today as institutional money continues to pour into the new digital economy.

Tomorrow, price pressures will begin to form on new money (tokenized assets). This will no doubt begin a cascade of events.

This allows institutional money to begin increasing money velocity inside the new digital ecosystem. When Stablecoins are regulated. You will see retail money begin to flow into the markets. Brookings Edu

© Goldilocks

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"The Federal Reserve Board announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions."   17 hours ago

We talked about this around 2 years ago. Look for banking consolidations to take place. Those capable of meeting Capital 3 requirements will move forward.

Here is where the rubber meets the road. The integration of a Digital Gold Banking System will begin taking its first steps into the Global arena tomorrow. Financial Express

© Goldilocks

👆 As the article States, look for this to be a gradual integration for some banks.

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Hong Kong CPPCC members advocate for cross border e-commerce development - Daily Times

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CAIRO — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an economy hit by a staggering shortage of foreign currency and soaring inflation. The flotation of the Egyptian pound, combined with a sharp raise of the main interest rate, is meant to combat inflationary waves and attract foreign investment.

Egypt floating currency, agreeing with International Monetary Fund to increase bailout loan - Washington Times

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CBDC incoming...  | Twitter
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FEDNOW and Ripple Partnership:
This announcement marked the official integration of Ripple technology and XRP within the FedNow payment system, signaling a significant development in the use of blockchain technology and digital assets in the global financial system.   Supra

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CBDC vs. Cryptocurrency: Competition or Collaboration Towards the Future of Digital Finance? - Modern Diplomacy

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Silver Prices Forecast: Will Gold Strength, CPI Data Drive XAG/USD’s Direction Next Week? | FX mpire

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Drivers of Dollar Share in Foreign Exchange Reserves - FEDERAL RESERVE BANK of NEW YORK

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Iraqi PM Al-Sudani announces 6% growth in Non-Oil GDP - Shafaq News

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BlackRock To Buy Bitcoin ETFs For Global Allocation Fund  | Bitcoinist

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Larry Fink bets Bitcoin ETFs are just the beginning as Wall Street eyes $10tn tokenisation play – DL News

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Goldilocks' Comments and Global Economic News Sunday Evening 3-10-24

Goldilocks' Comments and Global Economic News Sunday Evening 3-10-24

Good Evening Dinar Recaps,

For the last few years, Japan and the United States have been engaged in "yield curve control mechanisms" to adjust monetary supply. This keeps long-term bond yields low. It encourages consumers to spend and businesses to invest. If you have a lot of money to invest in these activities, it allows you to move ahead of the rest of the world in wealth.

Japan is currently deciding to change their monetary policy under a new framework. This new framework will target the "volume of purchases," rather than, the yield curve control.

This is a move from benefiting the 1% to allowing supply and demand to determine market prices. When supply and demand determines market prices, a shift in currency values follow to meet these new demands.

Monetary policy changes such as this gives power back to the people by allowing the people to participate in determining market values. We do make up most of the market.

Consumers make up 2/3 of the influence made inside the marketplace through consumer spending. Coupled with an open market system in trade, and this becomes a much different way of life for the Global Economy.

An open market system is an economy that has no trade barriers and free market activities that govern trades between countries.

"The United Nations Conference on Trade and Development (UNCTAD) estimates that roughly 80 percent of global trade by volume and 70 percent by value is transported by sea. Of that volume, 60 percent of maritime trade passes through Asia, with the South China Sea carrying an estimated one-third of global shipping."

Do you see how shifts in monetary policies have the ability to change the way we live, and why I keep encouraging you to "watch the water?" This is the way to new currency values going forward.

The new digital asset-based trading system known to many as the Quantum Financial System is a way of shifting monetary influence back to the people who support it all. It levels the playing field, and the participatory effort gives opportunity to those who take it.

© Goldilocks
Bloomberg
ChinaPower
WhiteHouse

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The last few years have been difficult for so many people across the board. Our world is simply looking for direction to move forward. "Without a vision, the people perish."

These words have never been more true in the history of our world as it is now. We are beginning to gain steam in a new direction Globally, and those who participate in this new world will find themselves expanding within it.

Others will not participate in the New World, and it has a devastating effect of disconnecting people from the very energies the new world provides to sustain you.

These choices draw our attention to a wisdom deeply embedded within us all and endowed by our Creator at the moment of our birth. This is to freely choose from a myriad of paths a life in front of us a road of destiny.

Each of us have gifts and talents that can be utilized in the New World, and these are opportunities for us to explore a strange new world, to seek out life in all its forms, for the benefit of transforming ourselves and those around us in our co-creative relationship between our Creator and ourselves United by a power of peace.

© Goldilocks

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Clarity for Payment Stablecoins Act of 2023

This bill establishes a regulatory framework for payment stablecoins (digital assets which an issuer must redeem for a fixed monetary value).
 
Only permitted issuers are allowed to issue a payment stablecoin for use by U.S. persons. Permitted issuers must be a subsidiary of an insured depository institution, a federal-qualified nonbank payment stablecoin issuer, or a state-qualified payment stablecoin issuer. In general, permitted issuers must be regulated by the appropriate federal regulator, however, state-qualified issuers must be regulated by an appropriate state regulator.

Permitted issuers must maintain reserves backing the stablecoin on a one-to-one basis using assets as outlined by the bill, such as U.S. coins and currency or other assets regulators determine appropriate. Permitted issuers must also publicly disclose their redemption policy, establish redemption procedures, and publish on their website every month the details of the issuer's reserves.

The bill sets forth requirements for (1) the rehypothecation, or reusing, of such reserves; (2) providing custodial or safekeeping services for stablecoins or private keys; and (3) supervisory, examination, and enforcement authority over non-state qualified issuers.

In addition, the bill places a two-year moratorium on new endogenously collateralized stablecoins (i.e., stablecoins that rely on the value of another digital asset created or maintained by the same originator to maintain the fixed price).

Under the bill, permitted payment stablecoins are not considered securities under securities law. © HR 8950

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What is a supply and demand curve and how is it useful? | Indeed.com UK

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The Banks: “Unrealized Losses” in Q4, Securities Held by Banks, Bank Failures, and the Dropping Bank Count | Wolf Street

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CFTC Announcement:

Washington, D.C. — Two subcommittees of the Market Risk Advisory Committee (MRAC) will hold public meetings on Friday, March 15 from 9:30 a.m. to 12:30 p.m. (EDT) at the CFTC’s Washington, D.C. headquarters. Members of the public will also have the option of attending in person or virtually. Commissioner Kristin N. Johnson is the sponsor of the MRAC.

The Future of Finance Subcommittee and Climate-Related Market Risk Subcommittee will, separately, continue workstreams, including examining the potential risks that emerge in connection with increasing adoption of artificial intelligence in global financial markets and the risks that arise in connection with carbon derivatives markets with a particular focus on fraud and greenwashing, market integrity, product design, and disclosure.

Each meeting will be open to the public with seating on a first-come, first-served basis. Persons requiring special accommodations to attend the subcommittee’s meeting because of a disability should notify the contact persons below. Formal agendas for each subcommittee’s meeting are forthcoming. CFTC

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Japan is one of the United States’ most important trade and investment partners. In 2022, bilateral U.S.-Japan trade in goods and services was worth $309 billion  International Trade Administration

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We hold these truths to be self-evident, that all men (and women) are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.   Archives

~~~~~~~~~~

I really hope you understand that cryptocurrency is soon to be the foundation for the infrastructure of our new digital asset-based trading system.

As Bitcoin grows, the rest of the crypto space grows. This is the first RV. The second one that many are looking for in paper currency will become possible because of the first one taking place right now.

Our new global economy is currently being re-indexed. Everything will be tokenized. Yes, even the foreign currency you hold. It is a process that will give new value to all of our currencies around the world.

© Goldilocks

~~~~~~~~~~

When the Bible speaks of living water, it is a symbol for spiritual nourishment and renewal. The new digital monetary system is symbolic of many things, and many do not recognize it's contents revealing itself right in front of our eyes.

For those who have eyes let them see that the gold attached to our new digital economy is an asset that can never be diminished for the elements contained within gold are eternal.

A new heaven and a new Earth represents the new economy of spirit, as well as, a new beginning for the Earth as well.

There is a promise contained within Revelations 21:1-6 that God will make all things new. It is a promise that many countries are making with one another in investing in the restoration of New Life.

It is a change in the way we have been using up our resources here on Earth, and a movement for countries to commit themselves to Green Bond Initiatives. It is a promise we have been thirsting for and centuries in the making. As it is written, "To the thirsty I will give water without cost from the spring of the water of Life."

It is a movement that has begun its activation through the process of connecting Quantum Technologies around the world that have embedded within them many of these green initiatives (Protocol 20).

As countries connect to one another, we are making a promise to restore our money to real values through gold enabled by a digital economy to help us fulfill new goals whose paths reach into our highest potential in favor with God and humanity.

This is why our current QFS that is still in process of finalizing a payment and messaging system will bring forth tokenized assets as a means capable of reaching the fulfillment of our return to that which is most sacred to us.

Have a wonderful Sunday my friends, and remember the purpose for which you were born. For what lies deepest within you, has the capacity to create miracles. Because the essence of who we are is greater than we think or even can think, our true home resides in the Stars.  Remember these things, and there will be no limits on what you can achieve from this day forward. Reference: Revelations 21:1-6

© Goldilocks

World Economic Forum

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Goldilocks' Comments and Global Economic News Saturday Evening 3-9-24

Goldilocks' Comments and Global Economic News Saturday Evening 3-9-24
Good Evening Dinar Recaps,

"Senators Cynthia Lummis (Republican) and Kirsten Gillibrand are reported to be finalizing a Stablecoin Bill."
This Stablecoin Bill is moving through the House and Senate as we speak. It will provide the long awaited crypto clarity that we need to pay for the tokenized assets currently expanding and interfacing digital networks inside Protocol 20. 

As we have announced before in this room, 90% of the global economy will be tokenized by the end of the year. If you have been accumulating ISO 20022 tokens, you will be holding assets that are already beginning to move into their real value.

Remember, Stablecoins represent a country's currency. At some point, our Stablecoins will be given the green light to move forward. This will put price pressures on many of the currencies we hold.

Several countries have already migrated to the ISO 20022 messaging service that will provide an integrated and universal language service to explain transactions taking place on the QFS.

The back wall date for the ISO 20022 messaging service for countries is to be completed early next year, but the countries who have already migrated will be able to begin utilizing this service as more and more countries come on board.   Ledger Insights

© Goldilocks

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Senate stablecoin bill in the works from Sens. Lummis and Gillibrand |  Axios
~~~~~~~~~~

If you would like to read the full report on the Stablecoin Bill being presented in Congress, you can follow the link below to see where it stands at the present time and read the full report below it.

The full report explains exactly what is being presented to Congress, and how,the use of Stablecoins will be utilized going forward.

You will be able to read how values are determined for these Stablecoins, and many of the regulations that surround these coins to make them workable on the QFS.  Congress

© Goldilocks

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Congress Bill

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White House Executive Order to Establish New Cross-Border Sensitive Data Transfer Control Regime   JD Supra
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The FedNow Service uses a variety of ISO message types, including for customer credit transfers, requests for payment and interbank liquidity transfers, as well as FedNow system and account reporting messages.   Explore FedNow

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The FedNow Service is a new instant payment service offered by the Federal Reserve. Below are key facts that set the record straight on what the FedNow Service is, what it’s not and what the industry can expect in the months and years ahead.

Fact: The network of financial institutions participating in the FedNow Service will grow over time.

The Federal Reserve’s goal and expectation is that the FedNow Service will achieve broad reach over time, much like the Fedwire®    Explore FedNow

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SOFR futures options show rising chance of no Fed rate cut this year | Nasdaq

👆 This could change as Protocol 20 expands digital networks together based on gold as a backing.

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Goldilocks Comments and Global Economic News Friday Evening 3-8-24

Goldilocks Comments and Global Economic News Friday Evening 3-8-24

Good Evening Dinar Recaps,

Is XRP primed to become the world’s next reserve trading currency? That question remains to be seen as new partnerships are forming around the world.

Ripple does act as a liquidity coin between Nation's Central Banks, and it does have the potential to replace the Swift System as the new preferred Central Bank digital exchange processing system.

"Ripple has a product called On-Demand Liquidity that allows financial institutions to instead settle transactions instantly with the XRP cryptocurrency. On-Demand Liquidity works by allowing financial institutions to convert fiat to XRP and convert XRP coins into the destination currency using local crypto exchanges."

All of this is taking place at a time when Protocol 20 is currently moving into Phase 2 of the Stellar Network utilizing Soroban contracts.

Here, our new tokenized asset markets are beginning to form alliances between traditional assets and new global payment systems. The merging of these new digital economic worlds is forming the basis of our new economy.

These moves are coming at a time when crypto clarity, Treasury Market resiliency through gold (Basel 3) supporting each sector of the markets, and movement towards T+1 and soon to be instant settlements have recently been given the green light for regulations through the legislative to move forward.

© Goldilocks
CryptoNewsFlash

Coinpedia

Financial News London
CFTC
Gemini
Medium

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Reps mull law to regulate cryptocurrency, digital assets transactions  | TheCable

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To comply with DMA, WhatsApp and Messenger will become interoperable via Signal protocol |TechCrunch

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Gasoline Demand Has a Long-Term Structural Problem in the US: Plunging Per-Capita Consumption | Wolf Street

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RIPPLE XRP🚨⚠️FEDERAL RESERVE JUST SAID IT OUT LOUD⚠️🚨XRP HOLDERS LISTEN NOW | YouTube

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US dollar, yields fall amid Fed Powell testimony as traders flock to gold, BTC | YouTube

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Ethena Labs’ stablecoin has pocketed $4 million for its treasury with high yields derived from ether-future funding rates and staking ether to a validator.

The project has seen early success with a controversial concept, increasing its treasury to over $16 million and becoming the third-largest revenue generator in the crypto market. CoinDesk

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Goldilocks' Comments and Global Economic News Friday AM 3-8-24

Goldilocks' Comments and Global Economic News Friday AM 3-8-24

Good morning Dinar Recaps,

Starting today, China no longer trades the Yuan with the Dollar. Hong Kong launches their wholesale CBDC project to support digital tokenization and tokenized deposits. And, Hong Kong is advancing a privacy digital currency with Project Aurum 2.0.

As one door closes, another door opens. Hong Kong has a market capitalization of over 30 trillion dollars. While the United States has over 46 trillion dollars in market capitalization, the move to make trades in local currencies on a level playing field utilizing a gold standard protocol inside a digital economy backed by gold will go a long way in bringing more monetary value to the Eastern half of our world.

Mainland China is Hong Kong's largest trading partner. The newly launched “HKD-RMB Dual Counter Model” will see an initial 24 companies start offering Yuan counters. This will allow investors in Hong Kong to trade in the Yuan.

The line in the sand has been drawn, and today, we are about to witness countries begin to cross them.

© Goldilocks
Digital Pound Foundation
Adleman.USC Edu
Ledger Insights
HKEX
CNBC
Investopedia

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What Happens To Gold If China Backs The Yuan With It? (GLD). The simple answer is that it will rise.

Our new digital economy backed by commodities through tokenized assets is giving countries like China and opportunity to forge new pathways into countries like Hong Kong never seen before in history.

New Hopes and New Visions in the trading world is creating an entrepreneurial spirit. The realization that new paths can be formed through a new digital economy is inspiring new moves in Global Trade not seen before.

Digital Gold is the bridge into these new bilateral relationships countries are beginning to form on the Eastern half of our world.  Markets BusinessInsider   Finance Yahoo

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

© Goldilocks

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Update:

We have an update on Stellar Soroban Phase 2 test. It is complete.

Protocol 20 is about to move into high gear at this point.

* Upgrade on Pubnet March 12th

* Validator vote March 19th

* If all goes well, everything will move to public use

~~~~~~~~~~

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Goldilocks' Comments and Global Economic News Thursday Evening 3-7-24

Goldilocks' Comments and Global Economic News Thursday Evening 3-7-24

Good Evening Dinar Recaps,

Our Global Economy is in process of redefining and recalculating currency values. Specifically, we are undergoing pilot programs to determine regulations on the use and the amount needed to level the playing field in trade among countries.

These are measured in units of account in the banking world. Each unit of account currently has a digital value and a commodity value inside what we are currently calling a tokenized asset going forward.

These new pending prices are what many are calling a Global Currency Reset. This is why new laws have been coming into effect on our new digital economy the last two and almost a half years to solidify real values going forward.

Real values are necessary for the new Quantum Financial System to calculate with precision and speeds we have never seen before in history, and not, artificial values controlled and determined by a single country.

This is the year to determine these new values going forward that will affect our Global Economy for generations to come.   Finance Magnates

© Goldilocks

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In the future, you will hold "units of account" for the currencies you hold or one single currency. Each of these units of account (currency) will be instilled with values that come from a digital asset.

Are you beginning to see how power will be given back to the people? You will literally be holding a real asset in your hand(s) going forward. You will own gold, and gold belongs to the people.

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

© Goldilocks

~~~~~~~~~~

The dollar is transitioning into a secular Bear Market. Let's watch what happens to Gold.

~~~~~~~~~~

"WHY ASSET AND LIABILITY MANAGEMENT SHOULD BE THE NERVE CENTER OF MODERN BANKS"

Current restrictions in credit is beginning to affect Banking liquidity opportunities that creates even less money to the banking system.

Many small Banks are vacant and creating more and more stress on the commercial real estate market. Banks are consolidating, and some are going out of business.

As Banks transition from a client-centered operation to a trading centered operation, it will be a profitable movement of the new digital economy that will bring in more liquidity going forward.

Asset and liability management are quickly becoming the new roles of the banking system.

Asset Management is the acquiring, trading, and maintaining of assets inside a Bank that has potential growth.

Yes, the new digital economy is digitally based and maintained in and through the banking system. Clients will be seen as investors holding assets of potential growth such as digital assets backed by gold and other commodities.

These assets will grow over time and be encouraged to solidify their growth potential through portfolios run by AI and other means.

The world of banking, and the lifestyle shift of our new GLOBAL ECONOMY is and will change the way we live.    International Banker

© Goldilocks

~~~~~~~~~~

President Putin's Advisor Announcement:

"Russian President Vladimir Putin’s advisor on foreign policy issues said, ‘Work will continue to develop the Contingent Reserve Arrangement, primarily regarding the use of currencies different from the US dollar’"

The BRICS Nations are in process of creating an independent payment system based on digital technologies & blockchain.

Their intentions are to create a trading coin backed by gold. Remember, 70% of (digital) trade is done on the water from country to country. It will provide more strength to currencies who have been utilizing the dollar instead of their own countries' currencies going forward.

This will significantly shift the role of the dollar, as well as, empower Eastern countries gaining strength in their local currencies through these measures.   First Post

Watch the water.

© Goldilocks

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China is withdrawing from the US Stock Market by way of US dollar to Yuan trades on Forex. The Yuan will no longer be able to buy US Dollars on Forex.

If you look closely, the Depository Trust Company will be closing these trades on March the 8th, 2024.

Are they about to back their currency by gold? If not, will their gold token become more accessible in the world of trade? Either way, you can expect a major shift like this to have a backup plan.

© Goldilocks

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Essential to keeping the market liquid, broker-dealers can be firms, banks or individual people. And as you may be able to guess from the hyphenated name, they serve two distinct roles.

What Is a Broker-Dealer, and What Do They Do? - SmartAsset

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XRP Escrow: Foundation for XRP’s Transition to Global Reserve Currency, Experts Say |  Crypto News Flash

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Instant Payments Regulation Announcement:

The Council of the European Union has, on the 26th of February of this year,  adopted a regulation aimed at promoting instant payments within the European Union (EU), in accordance with the Union’s initiative to foster a capital markets union. The Instant Payments Regulation will allow individuals to transfer funds to another EU member state as well as within the same country in just 10 seconds, at any time of day.   https://gvzh.mt/insights/new-regulation-on-instant-payments-adopted/

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In November 2000, the SEC adopted Exchange Act Rule 11Ac1-5. Rule 11Ac1-5 is aimed at improving public disclosure of order execution quality.

New SEC Rule 605 (formerly 11Ac1-5) requires FINRA to make available certain order execution information, facilitating the uniform public disclosure of order execution information by all market centers.  SEC   FINRA  

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European Central Bank Holds Interest Rates Steady...Ira’s Morning Flash Video for 3 7 2024 | YouTube

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Arizona Senate considers Bitcoin and other digital asset ETFs for state pension investment | Crypto Briefing

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President Biden will address a Joint Session of Congress at the United States Capitol on Thursday, March 7, 2024 at 9 PM ET. | Whitehouse

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Qatar Central Bank is set to launch its new instant payment service this month as part of its Third Financial Sector strategy. | Fintech Futures

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Repost Reminder:

Take a look at the top listing on Credit Bank of Iraq bank rate inside Iraq. It is important to note that the US dollar conversion rate still remains the same, but it is listed as a currency that can be exchanged with the dinar.

Scroll all the way to the far right of the dinar listing at Credit Bank of Iraq, and you will find that one US dollar still buys 1,300 dinar.

You might want to save this page with the below article link to refer back to when checking currency rates inside Iraq.    Credit Bank of Iraq

© Goldilocks

👆No changes yet.

~~~~~~~~~~

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

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

~~~~~~~~~~

Take a look at the top listing on Citibank bank rate inside Iraq. It is important to note that the US dollar conversion rate still remains the same, but it is listed as a currency that can be exchanged with the dinar.

Scroll all the way to the far right of the dinar listing at Citibank, and you will find that one US dollar still buys 1,300 dinar.

You might want to save this page to look at currency rates inside Iraq along with cbi.iq.  Credit Bank of Iraq

© Goldilocks

~~~~~~~~~~

Gold prices hit a record high. There’s a gold rush on Wall Street | CNN Business

~~~~~~~~~~

In simple terms, a unit of account is defined as a standard unit of measurement of market/economic value for an asset, goods, services, and other transactions. https://3commas.io/blog/unit-of-account

~~~~~~~~~~

Our Global Economy is in process of redefining and recalculating currency values. Specifically, we are undergoing pilot programs to determine regulations on the use and the amount needed to level the playing field in trade among countries.

These are measured in units of account in the banking world. Each unit of account currently has a digital value and a commodity value inside what we are currently calling a tokenized asset going forward.

These new pending prices are what many are calling a Global Currency Reset. This is why new laws have been coming into effect on our new digital economy the last two and almost a half years to solidify real values going forward.

Real values are necessary for the new Quantum Financial System to calculate with precision and speeds we have never seen before in history, and not, artificial values controlled and determined by a single country.

This is the year to determine these new values going forward that will affect our Global Economy for generations to come.   Finance Magnates

© Goldilocks

~~~~~~~~~~

The Stellar Development Foundation (SDF) recently submitted a letter in response to a Request for Information on Financial Inclusion (RFI) issued by the U.S. Department of the Treasury (Treasury). 

This response blends our work on financial access with our continued efforts to advocate for open systems. By combining these two focus areas, SDF aims to inform Treasury’s development of a national strategy for financial inclusion from a technological perspective – emphasizing that tools to further financial access and inclusion can benefit from open-source and transparent technology.

In our response, we address two key points: the importance of access when defining financial inclusion and how to leverage technology to advance financial inclusion efforts.

SDF defines access as a core tenet for the advancement of financial inclusion. Access to formal financial systems, such as bank accounts, is crucial for individuals, households, and small businesses to participate in the increasingly digital economy and unlock advanced services like savings and lending.

We propose that consumers should have access to free or low-cost products that support everyday financial transactions in today’s cashless economy. Services that leverage digital wallets and blockchain technology can address traditional barriers like minimum account balances and account fees that preclude participation in the formal economy.

As a public and freely accessible blockchain, the Stellar network provides a rich environment and set of technical tools for such everyday financial services.   Stellar

👆 The Stellar Development Foundation is a Committee member of the Global Markets Advisory Committee Meeting subcommittee.

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A China-Russia geopolitical alignment was long the Kremlin’s dream

The war in Ukraine has brought the two autocratic powers much closer

The axis is emerging just as the West is preoccupied with domestic issues  GIS Reports Online

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The United Arab Emirates demonstrated its commitment to financial sector innovation last week when it undertook the first cross-border transfer of its central bank digital currency (CBDC), the digital dirham. 

On January 29, the chairman of the UAE Central Bank sent 50 million digital dirhams - the equivalent of approximately $13 million - from the UAE to China over mBridge, a platform that allows countries and financial institutions to experiment with using CBDCs for cross-border wholesale payments. 

The transfer forms part of the UAE’s efforts on developing a CBDC that can drive the the country’s digital transformation, and is the first in a series of pilot programs the UAE intends to run with CBDCs, with future projects to focus on establishing CBDC bridges with India, and a proof of concept for a CBDCs use in domestic retail and wholesale payments. Jointly these efforts comprise part of the UAE’s CBDC Strategy, which the Central Bank announced in March 2023.     Elliptic

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Fast payments have achieved mass adoption in some jurisdictions but not in others – with adoption likely depending on the design characteristics of different fast payment systems (FPS).

Adoption of fast payments tends to be more widespread when the central bank owns the FPS, when non-banks participate and when the number of use cases and cross-border connections is greater.

These insights can help inform the design and development of FPS and other payment infrastructures.
YouTube

~~~~~~~~~~

Digital Ruble Announcement:

At a meeting of the Association of Banks of Russia, both the central bank governor and deputy governor gave an update on the digital ruble. Trials for the central bank digital currency (CBDC) started in August last year after the passage of legislation. It started with a dozen banks, 600 end users and 30 merchants across 11 cities. The plan is to begin to roll out the CBDC next year.Ledger Insights  

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Nikki Haley gives speech addressing her future in 2024 presidential race – watch live

👆 This speech will give you insight into what is about to happen the rest of this year. It is a short speech. Please listen carefully.

She talks about the transition of our economy in October, Term limits for politicians, a smaller Government, and more...

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Take a look at the top listing on Citibank bank rate inside Iraq. It is important to note that the US dollar conversion rate still remains the same, but it is listed as a currency that can be exchanged with the dinar.

Scroll all the way to the far right of the dinar listing at Citibank, and you will find that one US dollar still buys 1,300 dinar.   Credit Bank of Iraq

© Goldilocks

👆 You might want to save this page to look at currency rates inside Iraq along with CBI.iq.

~~~~~~~~~~

What have we learned the last few days about the Iraqi Dinar?

Yes, a rate has been on the back screen for years, but it is not tradable until it goes to the front screen for you and me.

~~~~~~~~~~

In simple terms, a unit of account is defined as a standard unit of measurement of market/economic value for an asset, goods, services, and other transactions.

https://3commas.io/blog/unit-of-account

~~~~~~~~~~

In the future, you will hold "units of account" for the currencies you hold or one single currency. Each of these units of account (currency) will be instilled with values that come from a digital asset.

Are you beginning to see how power will be given back to the people? You will literally be holding a real asset in your hand(s) going forward. You will own gold, and gold belongs to the people.

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

© Goldilocks

~~~~~~~~~~

UK regulations will allow stablecoins and CBDCs to coexist, says former BoE fintech lead

United Kingdom policymakers are adopting a coordinated approach to establish regulations allowing cryptocurrencies, stablecoins and CBDCs to coexist.   CoinTelegraph

~~~~~~~~~~

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