Goldilocks' Comments and Global Economic News Friday Evening 3-29-24
Goldilocks' Comments and Global Economic News Friday Evening 3-29-24
Good Evening Dinar Recaps,
As we approach the MICA testing and implementation of regulating Global cryptocurrencies, Exchange Traded Notes or ETNs THAT TRACK INDEXES, BONDS AND OTHER ASSETS will soon become available on May 28th, 2024.
MICA's pilot program is expected to be done near the above date as well. This will enable us to move forward with Global Cryptocurrency Regulations.
While all of this is going on, Phase 2 of Project Aurora progresses forward along with MICA. This includes anti-money laundering (AML) mechanisms to support the new digital economy. It ensures a proof of concept application able to scale this and other pilot programs.
Project Aurora allows banks to validate investments in digital transformation, and it minimizes the risk of a costly mistake in a full-scale implementation of a project such as MICA. BIS Asana RegulationAsia Lucinity
© Goldilocks
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Goldilocks' Comments and Global Economic News Friday Evening 3-29-24
Good Evening Dinar Recaps,
As we approach the MICA testing and implementation of regulating Global cryptocurrencies, Exchange Traded Notes or ETNs THAT TRACK INDEXES, BONDS AND OTHER ASSETS will soon become available on May 28th, 2024.
MICA's pilot program is expected to be done near the above date as well. This will enable us to move forward with Global Cryptocurrency Regulations.
While all of this is going on, Phase 2 of Project Aurora progresses forward along with MICA. This includes anti-money laundering (AML) mechanisms to support the new digital economy. It ensures a proof of concept application able to scale this and other pilot programs.
Project Aurora allows banks to validate investments in digital transformation, and it minimizes the risk of a costly mistake in a full-scale implementation of a project such as MICA. BIS Asana RegulationAsia Lucinity
© Goldilocks
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Look for a Ripple to begin making its move when Global Regulations are put into place along with other Tokenized Assets.
Why?
At that time, the utility will become the driving force for all our cryptocurrencies inside the new digital asset-based trading system.
Demand always creates opportunity for supply. Don't get me wrong. You have to have both supply and demand, but demand creates the need for supply and use case scenarios.
These are the things that create values for living and prices to go along with it.
© Goldilocks
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"Citigroup strategists expect the Federal Reserve to start cutting interest rates in June, the bank said after the Personal Consumption Expenditures (PCE) for February was released today.
Citi's projections are now more in line with the Federal Reserve's expectations for the upcoming easing cycle. In a research note, the strategists said they expect Chair Jerome Powell to maintain a dovish stance despite recent hawkish signals from other Fed officials."
This would not be a surprise to me due to the fact that the lowering of rates would help kick-start the new digital economy.
MICA is expected to be completed by May 28th, 2024. It will give regulations and demands for new digital assets to commence.
A lowering of interest rates after holding back Commodity prices for years would send these new Tokenized Assets backed by gold and other Commodities through the roof.
Timing is everything my friends, and these new price pressures on Stablecoins that represent various countries' currencies would begin to put price pressures on the paper money you and I hold.
Watch for laws to govern these new Tokenized Assets to begin coming into play these next two months.
© Goldilocks
Investing News
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Long-run price stability could be a key feature of the gold standard, researchers with the Federal Reserve Bank of Philadelphia find.
In their working paper, published in February, Jesus Fernandez Villaverde and Daniel Sanches explore how the gold standard would operate as a monetary framework in a hypothetical small open economy.
They argue that the price level would consistently converge to its long-run equilibrium value. Inflation and deflation would be “merely temporary phenomena” Central Banking
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OFAC Settlement Illustrates Sanctions Compliance Risks for Foreign Asset Managers Trading U.S. Securities | Privacy & Information Security Law Blog
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London Stock Exchange Announcement:
The London Stock Exchange has announced the launch of a market for Bitcoin (BTC) and Ethereum (ETH) exchange-traded notes (ETN). In a notice issued on Monday, the United Kingdom’s major stock exchange said that the Crypto ETNs will be rolled out on May 28.
The stock exchange had earlier revealed that it would accept applications for the admission to trading of Bitcoin and Ethereum Crypto ETNs in the second quarter of 2024.
In the latest update, the London Stock Exchange said it will accept applications for trading these crypto ETNs from April 8, 2024. Live Mint
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Australia's Banking Announcement:
Australia’s High Value Clearing System Has Adopted ISO 20022 Regulation Asia
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Markets: Stocks finished the first quarter strong (markets are closed today for Good Friday), with the S&P 500 and Dow closing at record highs. Tech stocks continued to drive the gains this quarter, while investors were giddy that the Fed might soon cut interest rates. Sadly, fallen meme stock AMC couldn’t join the party: It dropped 14% after the movie theater chain announced a stock sale.
© The Morning Brew
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IMF-World Bank Spring Meetings 2024 – It’s Coming | Youtube
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Goldilocks' Comments and Global Economic News Thursday Afternoon 3-28-24
Goldilocks' Comments and Global Economic News Thursday Afternoon 3-28-24
Good Afternoon Dinar Recaps,
"The collapse of a major bridge along a crucial trade corridor outside Baltimore idled shipping at one of the East Coast’s busiest ports, tied up coal shipments, and pushed retailers, truckers, and industrial firms to reroute shipping volumes to contain the economic fallout of the catastrophic event."
An event of this magnitude does take a toll on an already fragile Market. We have to remember Market shifts such as these do not happen right away.
The market lags behind a good 4 to 5 days before events like this begin to show up. We will have a choice to add liquidity to the market inflating it more, or we will witness it go to a real value.
The Dow is at its maximum price ever, and there is not another referencing price to match it.
This has the potential to cause an aggressive movement downward to its 200-day moving average. And, an event like this in the shipping industry could take months to years to recover.
Goldilocks' Comments and Global Economic News Thursday Afternoon 3-28-24
Good Afternoon Dinar Recaps,
"The collapse of a major bridge along a crucial trade corridor outside Baltimore idled shipping at one of the East Coast’s busiest ports, tied up coal shipments, and pushed retailers, truckers, and industrial firms to reroute shipping volumes to contain the economic fallout of the catastrophic event."
An event of this magnitude does take a toll on an already fragile Market. We have to remember Market shifts such as these do not happen right away.
The market lags behind a good 4 to 5 days before events like this begin to show up. We will have a choice to add liquidity to the market inflating it more, or we will witness it go to a real value.
The Dow is at its maximum price ever, and there is not another referencing price to match it.
This has the potential to cause an aggressive movement downward to its 200-day moving average. And, an event like this in the shipping industry could take months to years to recover.
Is history repeating itself? Although the circumstances are different, we have the same scenario at play whereby the shipping industry is disrupted. This happened on a much grander scheme when Donald Trump was our president. His administrative team brought us back by the end of the year. Ironically, it was about the same time of the year. It was just before an election too.
This gives everyone an idea just how events such as these can create havoc among the markets. At that time, we considered a currency intervention as we neared the end of the chaos. WSJ
© Goldilocks
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"In Baltimore warehouses registered with the London Metal Exchange, there are 756 metric tons of nickel, 150 tons of tin and 50 tons of copper, LME data shows."
The measurements above were reported about 2 days ago. The movement of metals supports the banking system. It also supports the dollar.
This gives us an idea of what we may be facing in the banking system as well. When the movement of metals is slowed down, it will have a corresponding effect on the banking system that supplies it's liquidity. Reuters
© Goldilocks
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"A Basel 3 compliant bank = your Redemption Center, this is where you can choose to exchange."
© Freedom Fighter
"All roads lead to Gold, and Gold will set us free."
© Goldilocks
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"Top smelters agreed the spot market had become disconnected from true market fundamentals, one meeting participant told Reuters."
“It is meaningless to set a guidance price in the current market,” the source added, speaking on condition of anonymity."
Copper derives its prices from mining production, global demand, currency exchange rates, inventory levels, and much more.
Copper is decoupling from the dollar. I really hope you still have those copper pennies and nickels we have talked about for years.
A decoupling event of copper from the dollar would allow both monetary systems to find their real values. Mining
© Goldilocks
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Did you know that copper tells you how well an economy is doing?
© Goldilocks
https://www.reuters.com/plus/copper-as-an-economic-indicator
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"Post-Covid correlation patterns between commodity prices and the US dollar will become more common in the future. There is a robust and significant long-run relationship between the US dollar and the US terms of trade. In the past, when the United States was a net commodity importer, higher commodity prices corresponded to a lower US terms of trade and a weaker US dollar. Now that the United States is a commodity exporter, higher commodity prices raise the US terms of trade and strengthen the US dollar."
It may not take long for other Commodities to start decoupling from the market fundamentals as copper is doing now.
Then, we will have the freedom of our gold and silver markets to go to their real values.
As our commodity markets are released to real values and real fundamentals, our ability to formulate prices on global currencies based on these new values will become possible. BIS
© Goldilocks
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"India's payments landscape is on the brink of a major transformation as NBBL prepares to roll out interoperable bill payments network. The goal is to establish standardized rules and design the system for seamless interoperability across various banking platforms."
This will allow The Reserve Bank of India's money to move on to an interoperable system for internet banking transactions.
This new payment system will go through the National Payments Corporation of India the (NPCI).
Interestingly, this is showing up as the MICA rollout of crypto regulations is coming to their final conclusion at the end of May 2024. Will we see a FedNow announcement soon? One-Percent Club Linkedin
Time will tell.
© Goldilocks
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Trains, planes, container ships and now bridge's.
🚢👀🔥
Did you know a second bridge had an incident today also?
A “spontaneous combustion situation” with raw wood products at a landscaping supply center caused a massive fire underneath the Valley View Bridge in Ohio early Tuesday morning.
Remember this is just a coincidence.
The FBI and Joe Biden have stated nothing unusual is happening.
Community notes and mainstream media fact checkers will not allow any debate.
Twitter @DarkIILight
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SEC Adopts Reforms Relating to Investment Advisers Operating Exclusively Through the Internet | SEC
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Hong Kong Monetary Authority - HKMA and SFC further consult on enhancements to Hong Kong’s OTC derivatives reporting regime | HKMA
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Ripple Vs. SEC Update: Judge Torres Weighs Extending XRP Lawsuit Fairly - Forex News by FX Leaders | FX Leaders
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I hope everyone has a peaceful and reflective Easter weekend. I really enjoy this time of the year as it gives me an opportunity to discern just how grateful I am and can be for viewing the world around me through the eyes of the very one who came to save us.
Please keep your focus here as I have word from my banking sources that the RV is not going to happen around Easter. We are just not simply there yet my friends.
© Goldilocks
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"Over $1B in U.S. Treasury Notes Has Been Tokenized on Public Blockchains.
Tokenized Treasuries are digital representations of U.S. government bonds that can be traded as tokens on the blockchain." Coindesk
By Omkar Godbole
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I just wanted to update everyone on the CBI contact Dee, Sam, and I speak to on occasions. We are so proud of him.
He has a new role. Central Bank of Iraq (CBI) Investment AND Foreign Remittances Directorate of Iraq.
© Goldilocks 😉
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A MESSAGE FROM SAM OLIVER ON GOLD https://t.me/c/1545617426/75830
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Fetch.ai, Ocean Protocol and SingularityNET Unite to Create Artificial Superintelligence Alliance | Business Wire
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Goldilocks' Comments and Global Economic News Wednesday 3-27-24
Goldilocks' Comments and Global Economic News Wednesday 3-27-24
Good Afternoon Dinar Recaps,
"Since trade values mostly increase when switching from MFN schemes to FTA schemes due to the latter’s lower tariff rates, a depreciation of the domestic currency may increase more than when only considering the above typical effect through relative price changes."
Vietnam is currently working on a couple of finishing touches to the payment side of their new stock market upgrade. They are currently working on trading ratios that allows a Free Trade Agreement based on supply and demand moving forward.
Vietnam does have some banks that are Basel 3 compliant, and more integration inside this upgrade is still taking place. For them to trade on a supply and demand platform, they need to prove that they have enough commodities and services to support this change into a Free Trade Agreement with other countries.
Goldilocks' Comments and Global Economic News Wednesday 3-27-24
Good Afternoon Dinar Recaps,
"Since trade values mostly increase when switching from MFN schemes to FTA schemes due to the latter’s lower tariff rates, a depreciation of the domestic currency may increase more than when only considering the above typical effect through relative price changes."
Vietnam is currently working on a couple of finishing touches to the payment side of their new stock market upgrade. They are currently working on trading ratios that allows a Free Trade Agreement based on supply and demand moving forward.
Vietnam does have some banks that are Basel 3 compliant, and more integration inside this upgrade is still taking place. For them to trade on a supply and demand platform, they need to prove that they have enough commodities and services to support this change into a Free Trade Agreement with other countries.
This will greatly enhance their currency's purchasing power, and the demand for it will increase its value. The implementation of this new status of Free Trade Agreements is expected to be implemented on January 1st, 2025. Vietnam News CEPR
Watch the water.
© Goldilocks
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Most countries around the world are bankrupt or on the verge of being so with no ability to repay their debts. War, inflation, geopolitical issues, debt and more have created price distortions inside our International Financial System.
Part of the process of restoring credit to an individual or countries is to go through a Credit Valuation Adjustment. You are going to hear the term Credit Valuation Adjustment as we get closer to the moment when Nations around the world sign an International Treaty Agreement to make these changes.
This is part of the reason why we have Basel 3 compliance coming into play this year. These new requirements will reveal Financial flaws needing to be adjusted inside the banking system and force mergers needed to successfully put us on a path that is sustainable going forward. Bank of England
Wikipedia
© Goldilocks
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👇 I will be back a little bit later. I have to check in with a couple of my trading partners. When I return, I will have some banking updates for you. 👇
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MICA Announcement:
Markets in Crypto-Assets (MICA) has finalized their draft. Service providers are concerned about overreach and clarity on some key issues, but the ability to move forward and test the new digital asset-based trading system is possible at this point. CNN News
© Goldilocks
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IMF recommends stablecoins and CBDCs to boost Pacific Islands’ economies | Coin Telegraph
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Asia-Pacific Banks Not Feeling the Heat from Final Basel Rules | Hellenic Shipping News Worldwide
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Prices of New Houses -19% from Peak, Lowest since June 2021. Why Sales of New Houses Held Up, while Sales of Existing Houses Plunged | Wolf Street
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The collapse of a major bridge along a crucial trade corridor outside Baltimore idled shipping at one of the East Coast's busiest ports, tied up coal shipments and pushed retailers, truckers and industrial firms to reroute shipping volumes to contain the economic fallout of the catastrophic event. WSJ
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👆 More on this tomorrow. I want to check in on a few things dealing with how much this will affect our economy because it will.
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James Rickards: Stocks, gold & bitcoin price predictions as Wall St bulls face rising nuclear threat | Youtube
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Goldilocks' Comments and Global Economic News Tuesday Evening 3-26-24
Goldilocks' Comments and Global Economic News Tuesday Evening 3-26-24
Good Evening Dinar Recaps,
We are rapidly approaching the April into May deadline for the MICA, EU’s Comprehensive New Crypto Regulation Standards. MICA stands for Markets in Crypto-Assets. MICA is being integrated with the DTCC. The Depository Trust and Clearing Corporation will process our new Global Digital transactions.
Essentially, Europe will be moving our new digital money through this new integration testing the speed, flow, and security of its movement. This is being done to make sure we have a smooth transition and implementation by May 28th, 2024.
This comprehensive industry testing is necessary to measure end-to-end processes such as trade executions to trade settlements along with non-standard settlement scenarios utilizing tokenized assets.
Goldilocks' Comments and Global Economic News Tuesday Evening 3-26-24
Good Evening Dinar Recaps,
We are rapidly approaching the April into May deadline for the MICA, EU’s Comprehensive New Crypto Regulation Standards. MICA stands for Markets in Crypto-Assets. MICA is being integrated with the DTCC. The Depository Trust and Clearing Corporation will process our new Global Digital transactions.
Essentially, Europe will be moving our new digital money through this new integration testing the speed, flow, and security of its movement. This is being done to make sure we have a smooth transition and implementation by May 28th, 2024.
This comprehensive industry testing is necessary to measure end-to-end processes such as trade executions to trade settlements along with non-standard settlement scenarios utilizing tokenized assets.
When this is finished, US Treasury and Repo Market mechanisms will be capable of being utilized. It will enhance data information for the Derivatives Market, Equity Markets, Instant Payments, Digital Ledger Transmissions and much more.
After this is completed, new rules and regulations can be applied for the governing lawful use of this new Quantum Technology inside our new Digital Asset-Based Trading System. DTCC 1 Securrency Coindesk
© Goldilocks
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"After rolling out its digital asset trading platform, German-based stock exchange Deutsche Börse has signaled an intention to proceed with an institutional-facing solution."
The Deutsche Bank has moved into a proposal phase in rolling out their digital assets business platform.
This will allow exchange attempts to be made with digital currencies representing each country's currencies to their institutional clients.
Remember, the Deutsche Bank touches every Bank around the world on some level, and the execution of this program will allow connections to be made between Banks who desire to exchange foreign currency.
The proposal phase includes the business idea, market analysis, management team, financial projections, and the terms and conditions of the funding. In other words, they are ready to move forward. Coingeek
© Goldilocks
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There are several ISO 20022 Tokens. Each represents a set of assets that will flow through their Network.
Think of these Networks as channels that will move Tokenized Assets or Stocks that are now Digital.
This is a very important role in the new economy, and you can't tell me that these ISO20022 Tokens won't be valuable going forward.
The trick is to obtain them before the switch is turned on for them to move freely. At that time, we may see assets move into real values of significance overnight.
The first RV.
The second RV will be our paper currencies sometime after this event.
We are getting closer for those waiting on their paper currencies to change.
Hopefully, the two go together. I have not received information on this just yet, so we wait. Coincodex
© Goldilocks
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You might have heard of ETPs, ETFs, ETCs and ETNs, but what are these financial instruments exactly? How can they facilitate exposure to assets like cryptocurrencies for investors? | BitPanda
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The European Council has adopted the Instant Payments Regulation and it is now scheduled to come into effect in a little over two weeks. The deadline for compliance is far too tight, argues CGI’s Ainsley Ward | Electronic Payments International
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DBS Announcement:
Mumbai [India], September 13 (ANI/PR Newswire): DBS has launched real-time online tracking for cross-border collections for businesses in India in partnership with SWIFT Global Payments Innovation (gpi). DBS is the first bank in India and Asia-Pacific to offer this service to clients, which is expected to benefit close to 4000 corporate and SME clients in India, with numbers expected to grow further. Yahoo Finance
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The Federal Reserve Board released the hypothetical scenarios for its annual stress test, which helps ensure that large banks can lend to households and businesses even in a severe recession. | LA Times
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HSBC will be launching tokenized gold tomorrow to its retail clients, said Hong Kong chief digital officer Bojan Obradović during a panel at the «Milken Institute Global Investor’s Symposium». This will mark the first form of tokenized real-world asset that it is introducing to the segment. Finews
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Pre-validation: combatting fraud and minimising errors in payments - OMFIF
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What are the massive drivers of the future markets? The answer to this question lies in what the Central Banks are currently doing.
Buying gold.
© Goldilocks
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BALTIMORE − A massive search effort was underway Tuesday for six construction workers who were on the Francis Scott Key Bridge in Baltimore when it was struck by a large cargo ship and collapsed into the Patapsco River, shutting down a critical artery for East Coast shipping, authorities said. | USA Today
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China puts trust in AI to maintain largest high-speed rail network on Earth | South China Morning Post
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London Stock Exchange (LSE) Will Start Market for Bitcoin and Ether ETN's May 28 | Coindesk
👆 Goldilocks pointed to this article
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Project Neo: gaining new economic insights with AI and novel data sources | BIS
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Goldilocks' Comments and Global Economic News Monday Afternoon 3-25-24
Goldilocks' Comments and Global Economic News Monday Evening 3-23-24
Good Afternoon Dinar Recaps,
We have several countries becoming Basel 3 compliant this year along with building their foreign exchange reserves. This is why we are witnessing numerous currency reforms taking place in so many countries at this time. The IMF has been meeting with many of these countries the past few years to prepare them for this moment. Investopedia 1 Investopedia 2
© Goldilocks
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I have an important phone contact to make in about 3 minutes dealing with gold. I will report on it when I get back.
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Interbank Lending Services is over between Banks as of March 11th, 2024. This has led to more price pressure on Gold especially as we have countries beginning to decrease their rates all around the US. Here, is where Basel 3 compliance brings in new support and new liquidity mechanisms.
Goldilocks' Comments and Global Economic News Monday Afternoon 3-25-24
Good Afternoon Dinar Recaps,
We have several countries becoming Basel 3 compliant this year along with building their foreign exchange reserves. This is why we are witnessing numerous currency reforms taking place in so many countries at this time. The IMF has been meeting with many of these countries the past few years to prepare them for this moment. Investopedia 1 Investopedia 2
© Goldilocks
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I have an important phone contact to make in about 3 minutes dealing with gold. I will report on it when I get back.
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Interbank Lending Services is over between Banks as of March 11th, 2024. This has led to more price pressure on Gold especially as we have countries beginning to decrease their rates all around the US. Here, is where Basel 3 compliance brings in new support and new liquidity mechanisms.
The US has currently decided to hold their rates until the next FOMC meeting. This holds price pressures on the dollar to remain strong. It is, also, why we talked about Gold and the US Dollar rising together in the end game.
And now, we have China taking the lead on putting even more price pressures on Gold to rise even further. It is believed that China "now" controls the price of gold at this time. Inadvertently, the challenge to the US Dollar World Reserve Asset is beginning to come into play.
The transition into gold will change everything. It is "an idea whose time has come."
We are looking at minimal pressure at this point on the US dollar as the World Reserve Asset, but this story is just beginning. Kitco Bitcoin FX Street
All roads lead to gold, and gold will set us free.
© Goldilocks
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Gold and the US Dollar. The currency war has just begun between the East and the West. Volatility with the US Dollar and Gold is to be expected.
The numbers presently in the future's Market will be changing rapidly depending on who is winning the war.
Behind every war, a currency battle is usually at the heart of them all. MENA FN
© Goldilocks
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IMPORTANT NEWS IRAQ PM TO VISIT WASHINGTON DC April 15th | Youtube
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Tunisia: New foreign exchange law will have positive impact on Tunisia's relations with donors | Zawya
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World Bank to share more data to attract private investors to developing countries | Devdiscourse
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We currently have a heavily weighted Retail Market. When Retail Investors begin to sell their stocks, watch what happens on the markets.
© Goldilocks
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"Pressure Mounts for the Japanese Yen as US Dollar Shows Continued Strength"
Japanese yen faces pressure as USD/JPY approaches historic highs, intervention speculation rises
Investing
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"The Japanese rules on liquidity inflows are compliant with the Basel III standards."Basel Committee on Banking Supervision | BIS PDF
Yes, the Japanese yen is capable of currency intervention, but we will have to see what they do.
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Russian Digital Assets Announcement:
This week Vladimir Putin signed a law that allows the use of digital financial assets (DFAs) for foreign trade payments. Russia’s concept of DFAs includes tokenized assets and financial instruments issued through central bank-regulated institutions.
When DFAs were first introduced, tokenizing precious metals proved popular. So far digital platforms have supported the issuance of more than 350 instruments (https://www.ledgerinsights.com/russian-rating-agency-acra-sees-banks-dominating-rwa-tokenized-assets/), including bonds, trade finance, and a variety of other offerings. Ledger Insights
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BRICS countries will see the highest surge in millionaires globally over the next decade | MSN
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Sri Lanka is building their foreign exchange reserves announcement:
A combination of less festive/New Year demand for imports, lack of disposable incomes and increasing remittances along with enhanced foreign exchange flows from tourism has restored the Sri Lanka rupee to favourable proportions against the dollar. | Sunday Times
Sri Lanka adopted Basel III capital standards in 2017 and capital requirements for Sri Lankan banks have increased. | Trade
The review, once approved by the IMF's board, will release $337 million in funding for the island nation. Sri Lanka defaulted on its overseas debt in May 2022 after a severe shortage of foreign exchange reserves triggered the worst financial crisis since independence from Britain in 1948. 4 days ago -- Reuters
IMF praises Sri Lanka’s economic reforms | Sunday Observer
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Planning applications you may have missed this week | The Northern Echo
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HANOI (Bernama-Xinhua): The sustainable bond market in East Asian countries expanded 29.3 percent in 2023, outpacing the 21 percent growth of the global and euro-area sustainable bond markets, according to an Asian Development Bank (ADB) report released to the media.
The latest edition of the Asia Bond Monitor said that sustainable bonds in the Association of South-East Asian Nations (ASEAN) members, China, Japan, and South Korea, collectively as ASEAN+3, reached US$798.7 billion by the end of 2023, accounting for around 20 percent of global sustainable bonds.
By the end of 2023, the global sustainable bond markets had reached US$4 trillion, bringing environmental and social benefits to the countries through sustainable bonds financed projects and programs.
ASEAN sustainable bond issuance made up a higher share of local currency financing and long-term financing in 2023, driven by public sector participation, ADB Chief Economist Albert Park said.
The report also said financial conditions in emerging East Asia improved marginally between Dec. 1 and Feb. 29, as the US Federal Reserve was expected to ease its monetary stance. Inflation continued to moderate, and most economies posted sound economic growth in the region. - Bernama-Xinhua The Star
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Don't be surprised if the XRP Ledger doesn't replace the Petro Dollar Agreement.
Watch the water. 😉
© Goldilocks
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Things can change very quickly in the markets. Open interest contracts or climbing.
© Goldilocks
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Goldilocks' Comments and Global Economic News Sunday Evening 3-24-24
Goldilocks' Comments and Global Economic News Sunday Evening 3-24-24
Good Evening Dinar Recaps,
"The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR Government) issued around HK$6 billion worth of digital green bond offering denominated in four currencies – Hong Kong dollar, U.S. dollar, Renminbi and Euro."
This move constitutes the first multi-currency digital bond offering in the world.
A green bond is a fixed-income instrument used to raise money for climate and environmental projects.
These bonds are asset-linked and backed by the issuing entity’s balance sheet. They have the same credit rating as their issuers’ other debt obligations.
These projects go on to execute the transformative efforts of moving our economy into a new digital framework and projects designed to meet the needs of a changing world.
This multi-currency Green Bond will allow Hong Kong to be provided liquidity in a multi-currency digital framework. Crédit Agricole CIB
© Goldilocks
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Goldilocks' Comments and Global Economic News Sunday Evening 3-24-24
Good Evening Dinar Recaps,
"The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR Government) issued around HK$6 billion worth of digital green bond offering denominated in four currencies – Hong Kong dollar, U.S. dollar, Renminbi and Euro."
This move constitutes the first multi-currency digital bond offering in the world.
A green bond is a fixed-income instrument used to raise money for climate and environmental projects.
These bonds are asset-linked and backed by the issuing entity’s balance sheet. They have the same credit rating as their issuers’ other debt obligations.
These projects go on to execute the transformative efforts of moving our economy into a new digital framework and projects designed to meet the needs of a changing world.
This multi-currency Green Bond will allow Hong Kong to be provided liquidity in a multi-currency digital framework. Crédit Agricole CIB
© Goldilocks
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When foreign currency is exchanged across many Clearing House platforms, you want to make sure that your money is exchanged through the appropriate routes.
Accounts with similar IDs or similar ownership benefits utilizing this mechanism keeps the money moving to where it is supposed to go.
Now, you are seeing why so much time has been spent on beneficial ownership reforms.
On April 2, Hong Kong Exchanges and Clearing Limited will offer this new self-match prevention mechanism service for the securities market (ie Foreign Currency) will open for applications by exchange participants.
Those who utilize this service will be given more security in their trades across borders utilizing various currencies to finish the transactions. Hong Kong Exchange CME Group
© Goldilocks
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Bank mergers have been taking place for the last few years, and this trend is expected to continue as our economy shifts into a new digital environment.
The Office of the Comptroller of the Currency acting comptroller has given an official statement showing his agreement with the "FDIC’s Proposed Statement of Policy on Bank Merger Transactions."
This will allow banks to move forward with necessary compliance issues inside a Basel 3 regimen. Banks who are able to move forward will do so. Those who cannot will merge with those who can. Office of the Comptroller of the Currency
© Goldilocks
~~~~~~~~~
Trading mechanisms are changing, banking reforms are taking place, and critical minerals are being secured.
This is the new world that is being digitized in front of our eyes. Tokenized assets are expected to be well above 90% complete by the end of the year on a Global scale.
Many aspects of this new digital economy are being interfaced on the new Quantum Financial System as we speak.
These changes and challenges are much needed in today's world, but it is not enough. Here is where Artificial Intelligence comes in to give us guidance.
The future of Finance requires the successful integration of AI and QFS on financial matters going forward.
New AI simulations have to be capable of meeting the challenges of our new economy through artificial structures designed to clear a path forward and synchronize them with joint efforts to see these manufactured projections come to their conclusion. The Quantum Insider
© Goldilocks
~~~~~~~~~
The Fed’s Liabilities: How Far Can QT Go? What’s the Lowest Possible Level of the Balance Sheet without Blowing Stuff Up? | Wolf Street
~~~~~~~~~
EU cracks down on anonymous crypto transactions, needing ownership proof to send/receive payments, aiming to fight money laundering.
Sending/receiving over €10,000 in cash is illegal, targeting large untraceable transactions. Coinpedia
~~~~~~~~~
Backed, a key player in the tokenization of real-world assets, has unveiled a new suite of services tailored for financial institutions looking to enter the digital asset space with security and compliance at the forefront.
The Swiss-based company is expanding its offerings to include the tokenization of private funds and products, addressing the tech-heavy focus of existing solutions by emphasizing compliance and trust.
The newly launched services include Tokenized Trackers for on-chain representation of securities or thematic baskets, Tokenized Actively Managed Certificates (AMCs) for blockchain-based investment strategies, and a comprehensive Tokenization Platform for the creation, management, and distribution of tokenized investment products. Crowdfund Insider
~~~~~~~~~
UAE firm challenges China for stake in Zambian copper mine | The Cradle
~~~~~~~~~
~~~~~~~~~
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Goldilocks' Comments and Global Economic News Saturday 3-23-24
Goldilocks' Comments and Global Economic News Saturday 3-23-24
Good Evening Dinar Recaps,
"On 26 February 2024, the European Council adopted a new regulation, the Instant Payments Regulation. This will make instant payments in euro fully available to consumers and businesses in the EU and in EEA countries."
While Global Digital Payment Systems are moving to T+1 settlements, Europe is pressing their banking system to move to instant settlements.
What Europe learns from being a first mover on the markets in instance settlements will help them formulate their Global CRYPTO Regulations (MICA).
Our Tokenized Assets are continuing to interface with other Digital Global Assets around the world through Protocol 20. At the same time, we are witnessing the birth of a new regulated payment system moving towards instant payments.
Europe has already confirmed that their new instant payments regulation will go into effect on April 8th, 2024, and Ripple is a part of it.
Goldilocks' Comments and Global Economic News Saturday 3-23-24
Good Evening Dinar Recaps,
"On 26 February 2024, the European Council adopted a new regulation, the Instant Payments Regulation. This will make instant payments in euro fully available to consumers and businesses in the EU and in EEA countries."
While Global Digital Payment Systems are moving to T+1 settlements, Europe is pressing their banking system to move to instant settlements.
What Europe learns from being a first mover on the markets in instance settlements will help them formulate their Global CRYPTO Regulations (MICA).
Our Tokenized Assets are continuing to interface with other Digital Global Assets around the world through Protocol 20. At the same time, we are witnessing the birth of a new regulated payment system moving towards instant payments.
Europe has already confirmed that their new instant payments regulation will go into effect on April 8th, 2024, and Ripple is a part of it.
It was stated in the article that Europe is doing this to create their own financial autonomy. In essence, this move is one that each country will begin taking as they onboard their payment systems into the QFS.
This is why being Basel 3 compliant around the world is so important in creating countries that have their own Sovereignty. Electronic Payments International
© Goldilocks
~~~~~~~~~
Vietnam Sandbox Announcement:
"In the latest draft, the regulatory sandbox will be developed for three fintech solutions, including credit scoring, open application programming interface (API), and P2P lending."
We are witnessing Sandboxes popping up everywhere in several countries. The Sandboxes test cryptocurrencies and Stablecoins from around the world.
It is a way for countries to test new Digital Currencies being processed within their new Digital Financial System. Many countries are beginning to test and form regulations for cross-border International trading among countries this year. As these new Digital Payment Systems are tested and approved, the ability to move these particular assets across borders will help in foreign trade and foreign currency exchanges. Vietnam News
© Goldilocks
~~~~~~~~~
Many countries around the world are currently testing new payment systems with their own Stablecoins. Throughout the year several countries will be exchanging their Stablecoins with one another.
Remember, Stablecoins represent a country's currencies. These cryptocurrencies will be utilized in trade and cross-border payments.
Once these Stablecoins are fully regulated and given the green light to move forward. The next step will be for them to have a Credit Valuation Adjustment. Dinarland references this as a revaluation.
The Credit Valuation Adjustment is inside the derivative market, and this includes foreign currency.
Hong Kong is pointing to a January the 1st, 2025 date to begin this process of credit valuation adjustment for themselves. This does not mean that other currencies cannot go before this one or have a float leading up to this date ie Nigeria's currency. It just simply means HK has a tentative date.
© Goldilocks
Regulation Asia
CryptoPolitan
Ideas
~~~~~~~~~
Massive price action distortions are beginning to form on the markets.
© Goldilocks
~~~~~~~~~
Prices of Existing Homes in Germany Tank 14% so far, as ECB-Fueled Housing Bubble Turns into Housing Bust | Wolf Street
~~~~~~~~~
BREAKING: The Automated Market Maker (AMM) is live now! | Twitter
~~~~~~~~~
BOOOOOOOOOM!!!! Ripple partner ACI Worldwide which supports 9 percent of global SWIFT traffic has confirmed that the new Instant Payments Regulation will come into effect on 8 April 2024! Twitter
~~~~~~~~~
HONG KONG—The adoption of new mediums of exchange, including retail Central Bank Digital Currency (CBDC), tokenized deposits and stablecoins, could potentially add an additional HK$160 billion of GDP for Hong Kong by 2032, according to a whitepaper released today. The whitepaper highlights some of the potential benefits for using retail CBDC in Hong Kong (i.e., e-HKD) and identifies requirements to help fully realize them. | BCG
~~~~~~~~~
BlackRock unveils crypto fund first with $5 million minimum. The world's largest asset manager is extending its interest in crypto with a tokenized fund on Ethereum. | The Street
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Stablecoins have recently achieved a significant milestone, surpassing $150 billion in market capitalization, with daily trading volume reaching $122 billion. This achievement marks a notable resurgence and growth in the stablecoin sector, with implications for the broader cryptocurrency ecosystem. | News BTC
~~~~~~~~~
In the rapidly evolving crypto landscape, the tokenization of real-world assets (RWAs) is emerging as the cutting-edge frontier, captivating investors and industry pioneers alike with its burgeoning potential and surging investments.
What RWA tokenization means is putting traditional assets on a blockchain. This is a way of representing ownership of an asset through a token. The assets involved could be anything from stocks, bonds, gold, and commodities to treasuries, debt, real estate, art, intellectual property, and much more. Securities
~~~~~~~~~
SEC CHAIRMAN GENSLER LEADS CRYPTO OVERSIGHT PUSH WITH $2.6 BILLION BUDGET PROPOSAL | Cryptopolitan
~~~~~~~~~
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Goldilocks' Comments and Global Economic News Friday Evening 3-22-24
Goldilocks' Comments and Global Economic News Friday Evening 3-22-24
Good Evening Dinar Recaps,
USDC and XRP Announcement:
Ripple is setting the stage for expansive growth inside the new Digital Economy. XRP is a Bridge Digital Currency capable of exchanging foreign currencies from different countries within a matter of seconds.
Over 1,500 projects Globally are presently leveraging XRP’s Ledger. Now, Circle is thinking about bringing its U.S. Dollar Stablecoin (USDC) to the Ripple (XRP) Ledger.
This is a wonderful opportunity for the XRP Ledger Network to expand and grow going forward. Given its own ledger and payment coin network capable of working seamlessly together, XRP is set to expand on a massive scale in the new Digital Economy. Coinpedia
©✓Goldilocks
~~~~~~~~~
Goldilocks' Comments and Global Economic News Friday Evening 3-22-24
Good Evening Dinar Recaps,
USDC and XRP Announcement:
Ripple is setting the stage for expansive growth inside the new Digital Economy. XRP is a Bridge Digital Currency capable of exchanging foreign currencies from different countries within a matter of seconds.
Over 1,500 projects Globally are presently leveraging XRP’s Ledger. Now, Circle is thinking about bringing its U.S. Dollar Stablecoin (USDC) to the Ripple (XRP) Ledger.
This is a wonderful opportunity for the XRP Ledger Network to expand and grow going forward. Given its own ledger and payment coin network capable of working seamlessly together, XRP is set to expand on a massive scale in the new Digital Economy. Coinpedia
©✓Goldilocks
~~~~~~~~~
It's time for gold to begin to shine. Governments have been buying it. Central Banks have been buying it. The World Bank has it. And, the IMF has it.
The wealthy are beginning to buy gold. Credence and honor to this well-deserved metal is now being made known in the retail sector.
"Consumer spending consistently accounts for about 70% of the U.S. economy."
People are waking up to the fact that the government is not going to save them going forward. The geopolitical tensions and debt among countries and within people's own countries are the driving force of this new trend.
As people wake up to the power of gold and other commodities, the number of people purchasing these precious metals are beginning to see it's real value like never before in history. Reuters Investopedia
© Goldilocks
~~~~~~~~~
Gold is pricing in money printing. When the FED begins to lower interest rates, the value of gold begins to increase all assets that it supports.
At this time, many of our new Digital Assets have gold baked into their values. Inflation is continuing to climb causing many distortions into our assets across every sector of the market.
These distortions are expected to be replaced gradually with new digital assets backed by gold giving our economy a real value to work with going forward on the QFS.
These next few months can be characterized as a replacing of the old economy with a new economy based on gold as money moved across continents under a new Digital Financial Framework.
Everything is about to turn to gold. "All roads lead to gold and gold will set us free." NASDAQ
© Goldilocks
~~~~~~~~~
"The Ministry of Oil has announced a reduction in oil exports to an average of 3.3 million barrels per day (bpd) for the coming months, aimed at absorbing the recent increase in Iraq's production recorded in January and February."
New price valuations are coming for the oil sector, and placing tight regulations on a certain amount of production allows for the assessment of new values to be accurately assessed.
The next few months will give us an idea how oil reacts to new predetermined price valuations that will be placed on it based on trading in new local currencies backed by gold above and beyond working with a predetermined price of the dollar in exchanges correlated with a programmed value placed on their own currency.
At this time, Iraq is able to test and measure their own currency's value based upon new exchange mechanisms being placed inside the new digital economy. These new valuations will be tested in the New World and the New Global Digital Economy. Iraq Business News
© Goldilocks
~~~~~~~~~
Amid Weak Demand for Existing Homes, Active Listings & Price Reductions Jump, Listing Prices Weaken | Wolf Street
~~~~~~~~~
SEC Adopts Expanded Exchange Act Dealer Rules: What Do the New SEC Rules Mean for DeFi? | BCLP - JDSupra
~~~~~~~~~
"Imagine a world where combatant commanders can see everything they need to see to make strategic decisions," Martell said in painting a picture of the AI-enabled future for the audience. "Imagine a world where those combatant commanders aren't getting that information via PowerPoint or via emails from across the [organization] — the turnaround time for situational awareness shrinks from a day or two to 10 minutes." | Defense News
~~~~~~~~~
Ukraine's survival in danger, Pentagon chief warns | Yahoo News
~~~~~~~~~
US-based Central Bank taps TCS for core banking upgrade - FinTech Futures: Fintech news
~~~~~~~~~
(Madison, Wisconsin) – The Wisconsin Senate has voted in favor of Assembly Bill 29 to end the sales tax on purchases of gold and silver. Joining the state Assembly, which overwhelmingly voted to approve this law last week, Senators voted 23-9 in favor of this pro-sound money legislation. The bill will now be transmitted to Gov. Tony Evers for his signature. Sound Money Defense
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Mexico Central Bank Delivers First Interest Rate Cut Since 2021 - Bloomberg
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Bank of England’s Quick Pivot Puts June Rate Cut in Focus | Finance Yahoo
~~~~~~~~~
IQD Exchange Rate Iraq IMF Report on CBI Latest News Weeks End 3/ 22 /24 Anti-Aircraft Weapons | YouTube
~~~~~~~~~
From today's information, it looks like they are accelerating timelines for Stablecoins.
© Goldilocks
~~~~~~~~~
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Goldilocks' Comments and Global Economic News Tuesday 3-19-24
Goldilocks' Comments and Global Economic News Tuesday 3-19-24
Good evening Dinar Recaps,
"User-Ready Mainnet
Phase 2 marks the deployment of a user-ready Mainnet where anyone can deploy and interact with smart contracts. In this phase, the network is ready for more extensive smart contract utilization, so it's the practical beginning of smart contracts on the Stellar network."
At the time of this writing, we are just a couple of hours away from the use of digital currencies going to mainnet.
It will be a transition from testnet interactions with cryptocurrencies to actual deployment and use of cryptocurrencies used on a main server.
Here, actual transactions can be made on a blockchain server between companies and countries going forward.
This will begin increasing demand on our new digital economy and new price pressures based on real values.
This does not change paper currency values just yet, but new liquidation of digital assets such as Stablecoins that represent them will provide new price pressures on them over time. Coin Telegraph
© Goldilocks
Goldilocks' Comments and Global Economic News Tuesday 3-19-24
Good evening Dinar Recaps,
"User-Ready Mainnet
Phase 2 marks the deployment of a user-ready Mainnet where anyone can deploy and interact with smart contracts. In this phase, the network is ready for more extensive smart contract utilization, so it's the practical beginning of smart contracts on the Stellar network."
At the time of this writing, we are just a couple of hours away from the use of digital currencies going to mainnet.
It will be a transition from testnet interactions with cryptocurrencies to actual deployment and use of cryptocurrencies used on a main server.
Here, actual transactions can be made on a blockchain server between companies and countries going forward.
This will begin increasing demand on our new digital economy and new price pressures based on real values.
This does not change paper currency values just yet, but new liquidation of digital assets such as Stablecoins that represent them will provide new price pressures on them over time. Coin Telegraph
© Goldilocks
PHASE 2
~~~~~~~~~~
Cryptos are currently in what is called a retracement. This happens before a major price trend changes such as a Bitcoin halving.
This time is different. We have a temporary price reversal taking place within a larger trend.
The larger trend is the movement of money inside a digital economy. This time will give more people an opportunity to buy into cryptos at a lower price.
It can and will lead to a broader adoption inside the new digital asset-based trading system.
Welcome to the expansion of our new economy.
© Goldilocks
~~~~~~~~~~
Stellar Lumens Challenges Ethereum: Ripple Rival Expands Reach with Smart Contracts – XLM Poised to Dominate The World | Crypto News Flash
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Investors are about to find out whether Fed still expects 3 rate cuts in 2024 | Finance Yahoo
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Federal Reserve’s interest rate decision ends markets’ long resistance | CryptoPolitan
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CFTC’s Market Risk Advisory Committee to Meet.
The CFTC’s Market Risk Advisory Committee (MRAC) will meet on April 9 at 9:30 am ET. The MRAC will consider current topics and developments in the areas of central counterparty risk and governance, market structure, climate-related risk, and emerging technologies affecting derivatives and related financial markets. Gibson Dunn
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Expert Says It’s Not Crazy If XRP Soars 1,500% to $10 | Crypto Base
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Stellar will invest $100M in Soroban smart contract apps in bid to beat Ethereum | VentureBeat
~~~~~~~~~~
Banks place client transition readiness under increasing scrutiny | Responsible Investor
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News Monday Evening 3-18-24
Subject: Goldilocks' Comments and Global Economic News Monday Evening 3-18-24
Good evening Dinar Recaps,
"BRICS Nations, Russia, and China, have joined forces to teach the US dollar an important lesson in International Markets."
This is a year that can be characterized as a "refactoring process" for the new Quantum Financial System. New codes inside Quantum Technologies are and have been in the process of being rewritten to determine trading percentages through artificial intelligence. Russia and China have joined forces in supporting new laws to govern these changes, and China is providing the Yuan for many of these purchasing transactions on their new digital payment system.
New local currencies being utilized instead of the dollar in trade necessitates many of the new changes taking place to level the playing field among countries who will now have new price pressures on their National currencies to demand shifts in pricing.
The new BRICS currency payment system will lessen the use of the dollar and bring forth more demand for currencies in the East. These demands will require currency rate changes.
Subject: Goldilocks' Comments and Global Economic News Monday Evening 3-18-24
Good evening Dinar Recaps,
"BRICS Nations, Russia, and China, have joined forces to teach the US dollar an important lesson in International Markets."
This is a year that can be characterized as a "refactoring process" for the new Quantum Financial System. New codes inside Quantum Technologies are and have been in the process of being rewritten to determine trading percentages through artificial intelligence. Russia and China have joined forces in supporting new laws to govern these changes, and China is providing the Yuan for many of these purchasing transactions on their new digital payment system.
New local currencies being utilized instead of the dollar in trade necessitates many of the new changes taking place to level the playing field among countries who will now have new price pressures on their National currencies to demand shifts in pricing.
The new BRICS currency payment system will lessen the use of the dollar and bring forth more demand for currencies in the East. These demands will require currency rate changes.
As we get closer to the next BRICS summit, this is going to be a topic of interest for the conference. Each country that joins the BRICS Nations are expected to have a commodity-based backing for their currency giving real values to their Quantum Technological Mechanisms that will move their money.
New protocols will be written into the banking/trading system of the East that will scale on their new payment system in transactional trades between countries inside the QFS. CryptoDNES Spiceworks
© Goldilocks
~~~~~~~~~~
"We are optimizing each step of the inbound tourism process, streamlining procedures ranging from visa applications to flight arrangements, hotel check-ins, shopping, and sightseeing," said Sun Yeli at the end of the 2nd session of the 14th National People's Congress in Beijing."
China is in the process of "refactoring" new codes into their payment system that will align with their own National Currency instead of the Dollar.
Is important to note that this is taking place in several countries around the world especially those joining the BRICS Nations.
The movement from a US dollar focus to a local currency focus is changing the way many of these countries live and pay for their goods and services. TV Brics NOEMA Mag
© Goldilocks
~~~~~~~~~~
New price changes across an entire Financial System require new codes to be written into the system that emphasize local currency dominance going forward demands monetary policy changes.
This is why we are witnessing several countries move into a free-floating rate exchange system whereby supply and demand determine their new currency values going forward.
Morocco and Egypt are two of many countries moving to a free-floating regimen in their currency payment systems. These shifts represent an alignment to, and for, a new Global Monetary System.
The new Monetary System is backed by gold and other commodities with new codes being written into these Quantum Mechanisms that will begin forming new price correlations on the markets.
For instance, new interest rates will be based on local currency values instead of the dollar going forward. Gold held by each country as a reserve asset will minimize many of these variations on the market to stabilize Global Economies.
This is an event that has been years in the making. And, this year marks the time and place for many of these transitions to begin. Some economies will be able to motorbize these new changes quicker than others, and it is important for us to watch as these new price formations begin to form on the markets.
© Goldilocks
Atalayar
Middle East Monitor
XM
~~~~~~~~~~
The changes we have been speaking about this morning will no doubt change Market behavioral patterns. Volatility is expected as we shift into new Technological Mechanisms that will guide our Global Economy forward.
Jerome Powell will be addressing many of these changes on Wednesday. It is important that we pay close attention to his words and wording on many of the new monetary shifts that will be taking place the rest of this year.
© Goldilocks
~~~~~~~~~~
XRP Trading Announcement:
XRP Trading Start on Exchange Registered with U.S. Treasury Department.
Atlantis Exchange Listing XRP.
In a recent post on X, Atlantis Exchange disclosed that it included XRP among its list of supported cryptocurrencies. Specifically, XRP commenced trading on the platform on March 17 at 5:00 AM UTC, with the trading pair USDB.
Besides listing XRP, Atlantis Exchange has issued a daring projection for XRP’s value. In particular, the platform asserted that users could witness a 100-fold value increase amid its list of XRP, urging them not to “miss out.”
At the same time, Atlantis Exchange highlighted that XRP is a crypto asset that facilitates cross-border payments. Also, it pointed out that XRP is the native currency within XRPL, a decentralized, open-source blockchain technology capable of settling transactions within a remarkable timeframe of 3-5 seconds.
Brief Summary from Goldilocks:
XRP is the only coin with clear legal status in the US. Just last year, the court declared XRP as a non-Security last year.
XRP has been listed as a Stablecoin, but it's most frequent use going forward will be that of a liquidity coin. XRP began trading with this new peg just last week.
The USDB is pegged to XRP (see above announcement). This has allowed XRP trading to start on the Atlantis Exchange and be registered with the U.S. Treasury Department.
This will allow XRP to be traded on banking and trading platforms here in the United States and in countries abroad. It will give us the ability to form bilateral trade relationships inside the new digital asset-based trading system. Crypto News The Crypto Basic.
© Goldilocks
~~~~~~~~~~
What is a Customs Bond? A legal contract, usually issued through a licensed Customs broker, between an importer, a Surety company and US Customs and Border Protection (CBP) that guarantees that the importer complies with Customs regulations. UPS
~~~~~~~~~~
What's happening now in markets:
▼ Dow Futures 39,149.00 (-0.01%)
▲ S&P 500 Futures 5,208.00 (+0.49%)
▲ NASDAQ Futures 18,217.00 (+0.87%)
▼ 10 Year 4.304%
▲ Gold $2,163.90 (0.00%)
▲ WTI Crude Oil $81.58 (+0.01%)
▼ Bitcoin $68,170.00 (-0.26%)
Fear & Greed Index
Greed is driving the US market
MARKET DATA AS OF 7:19 AM ET
~~~~~~~~~~
The global chocolate industry is facing its worst crisis since Johnny Depp played Willy Wonka. Demand for chocolate is vastly outweighing the available cocoa supply, leading to skyrocketing cocoa prices that will inevitably make chocolate treats more expensive in supermarkets around the world.
* The Morning Brew
~~~~~~~~~~
Who’s on the Hook for Multifamily CRE Mortgages? #1 Taxpayers, far ahead of #2 Banks | Wolf Street
~~~~~~~~~~
~~~~~~~~~~
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Goldilocks' Comments and Global Economic News Sunday Evening 3-17-24
Goldilocks' Comments and Global Economic News Sunday Evening 3-17-24
Good Evening Dinar Recaps,
We have three countries making Monetary Policy shifts to their currencies. Each of these shifts involves a lesser dependence upon the dollar. Movement into their own local currency backed by the integration into a Digital Gold Backed International Standard will enable them to strengthen their currencies' values going forward.
Nigeria has just filled out an application to join the BRICS Nations. They have already moved their currency to a supply and demand policy enabling them to trade their currency on the local level with other nations.
Nigeria has a huge supply of oil to trade that will collateralize their currencies' movement into the BRICS Nations and trade with Saudi Arabia under the guidelines of a local currency trade policy.
Israel is going digital. They are currently in a pilot study to determine policy changes to their currency. Currently, the Israeli shekel can be owned by private VIP persons and Institutions at this time, but their shift into a new digital economy is forthcoming once this sandbox test determines new regulations for their distribution.
Goldilocks' Comments and Global Economic News Sunday Evening 3-17-24
Good Evening Dinar Recaps,
We have three countries making Monetary Policy shifts to their currencies. Each of these shifts involves a lesser dependence upon the dollar. Movement into their own local currency backed by the integration into a Digital Gold Backed International Standard will enable them to strengthen their currencies' values going forward.
Nigeria has just filled out an application to join the BRICS Nations. They have already moved their currency to a supply and demand policy enabling them to trade their currency on the local level with other nations.
Nigeria has a huge supply of oil to trade that will collateralize their currencies' movement into the BRICS Nations and trade with Saudi Arabia under the guidelines of a local currency trade policy.
Israel is going digital. They are currently in a pilot study to determine policy changes to their currency. Currently, the Israeli shekel can be owned by private VIP persons and Institutions at this time, but their shift into a new digital economy is forthcoming once this sandbox test determines new regulations for their distribution.
And Japan, they are finally moving from negative rates to positive rates. A country's currency will rise in value when interest rates are allowed to move into positive interest flows. Because higher rates will attract more foreign capital, capital inflows result in a buildup of foreign exchange reserves.
The build-up of foreign exchange reserves will allow their country to purchase their own domestic currency at a favorable value.
A diversified portfolio of currencies held within a country minimizes risk should challenges to the World Economy begin to take shape.
"The Japanese Basel framework is compliant with the Global Standard agreed by the Basel Committee." Their implementation of Basel 3 compliance is expected to begin on March 31st, 2024.
Japan's full implementation into Basel 3 compliance will enable them to ride the waves of change as our Global Economy becomes more and more of a Digital Gold Standard through the continued expansion of Protocol 20 inside a Digital Economy.
© Goldilocks
~~~~~~~~~~
ERBIL, Kurdistan Region - "Ali Mohsen al-Alaq, Governor of the Central Bank of Iraq (CBI), said on Thursday that the US has agreed to review recent sanctions on Iraqi banks, adding that in the future, similar punitive measures will be taken in consultation with Baghdad."
Do you see what is happening? Iraq is beginning to assume their own Sovereignty going forward. These US sanctions have kept Iraq from moving forward with their economic reforms on the International level, and now, we are witnessing final reviews of Iraq's sanctions.
Once these are released, Iraq will be able to move forward with many of the rest of their economic reforms to connect with other countries on the International stage in trade and development.
The ability for Iraq to move freely within their own banking system will give Iraq currency ranges to work from in determining exchange rates between other countries.
The ability to trade in Iraqi Dinars instead of the dollar will give them purchasing power and control going forward. RUDAW
© Goldilocks
~~~~~~~~~~
BREAKING NEWS
RUSSIAN FINANCE MINISTER SAYS THE BRICS GROUP OF NATIONS CAN EVENTUALLY SWITCH TO A NEW PAYMENT SYSTEM BASED ON DIGITAL CURRENCIES OR USE BLOCKCHAIN
There it is. It's all out in the open. Read: Gold Telegraph
~~~~~~~~~~
Migrants Could Get $500 a Month Under New Bill | Newsweek
~~~~~~~~~~
US Banks See Large Deposit Inflows As Bailout Fund Expires, RRP Liquidity Plunges | ZeroHedge
~~~~~~~~~~
SEPA Payment System for the Euro Zone Announcement:
Migration of the SEPA payment schemes to the 2019 version of ISO 20022 postponed to Sunday 17 March 2024
Since the end of March 2023, the European Payments Council (EPC) has closely monitored the SEPA payment scheme participants’ preparations to migrate the four SEPA payment schemes (i.e. the SEPA Credit Transfer (SCT), SEPA Instant Credit Transfer (SCT Inst), SEPA Direct Debit Core (SDD Core) and SDD Business-to-Business (SDD B2B) schemes) to the 2019 version of the ISO 20022-based XML messaging standard, originally envisaged for 19 November 2023.
This means that all four 2023 SEPA payment scheme rulebooks and related implementation guidelines (IGs) will enter into force on Sunday 17 March 2024.
With respect to the entry-into-force time of the 2023 SCT Inst scheme rulebook, it is now set at Sunday 17 March 2024 at 03H30 CET. This new entry-into-force time will be preceded by a SEPA-wide 30-minute downtime period from 03H00 CET up to 03H30 CET.
SEPA payments are cashless payments in Euro currency that are processed via the Single Euro Payments Area network to facilitate cross-border bank transfers in 36 Eurozone and non-euro area countries. The SEPA payment method makes cross-border transfers fast and cost-effective.
European Payments Council Tipalti
~~~~~~~~~~
BRICS Unites Against Dollar: Russia's Move to Embrace DFAs | Crypto News Flash
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Crucial Russian sovereign bond payment received by JPMorgan, processed -source | Finance Yahoo
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SILVER RED ALERT! 76.3Moz of Silver Imported by India in FEBRUARY!! Game Over RIGGERS! (Bix Weir) | YouTube
~~~~~~~~~~
Evidence is mounting that many Americans have reached their limit for tolerating higher prices, raising questions about how much consumer expenditures will continue to power US economic growth this year. West Observer
~~~~~~~~~~
World Shipping Council Announcement:
A new cargo safety program is being implemented by the World Shipping Council to promote safety features added to the new digital platform for the shipment of dangerous goods being sailed across the waters. The National Cargo Bureau will be heading up these new initiatives. India Shipping News
~~~~~~~~~~
Digital Markets Act Announcement:
Following the EU’s continued doubling-down on the implementation of the Digital Markets Act (DMA), it looks like Google has finally begun giving Pixel users an option to change the default search engine on their phones, based on a new report online. PH Android
~~~~~~~~~~
BIS’s New Global Agenda: Tokenization and Digital Ownership of Your Assets | YouTube
~~~~~~~~~~
Swiss digital identity law approved by parliament lower house | Biometric Update
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I understand that many people come to this room in hopes of being able to discuss some of their ideas. It's just not that kind of room due to the fact that there are many false narratives at play during the end game.
I keep it this way for a reason. There are a lot of people out there looking for dates and rates and supporting narratives that will give them encouragement for what they are looking for in the near term. I just don't want to put you through all of that and mix up your mind and emotions with thoughts that don't need to be inside you.
I will let you know when I see rate changes. And, I do have very high sources that will enable me to give you that information as soon as it comes out. It costs you nothing to be in this room, but I do hope you do your own research after I make comments in the links that are provided for you.
You will find that I have a reason to say what I say to you coming from sources such as digital developers on the new economy, government resources, lawyer resources, Banking resources, and trading resources. These are the sources of information that will let us know what is being done behind the scenes for us to get to that exchange rate process.
Have a wonderful Sunday, my friends.
© Goldilocks
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I have noticed that a great interest in my sources of information provided for you the last two and a half years is growing in this room and my Goldilocks Highlights room. When you put the two rooms together, there are over 13,000 people who come to look for this information on a daily basis.
Dee, my friend, has put this information out for a very long time. Her commitment to sharing truthful information with many of you has been met with great energy and effort. Thank You Dee. Your tireless efforts are a great encouragement for me.
This is not counting what the Q&A Room does in explaining and breaking down this information in that room along with the Truth Teller Room on Telegram. Freedom Fighter is a man who clearly wants people to have information that will provide empowerment to their well-being and financial success.
I want to thank Freedom Fighter for all the work that he does to keep these rooms going along with him and Jester who provide quality information beyond what I say on Saturday Night Live.
Jester has proven himself to be accurate in his findings and revelations from his high-level sources on what is going on in the Global Economy for years. He has a couple of rooms here on Telegram, but the one I am most aware of is his Jester's Intel Hub. You have been my inspiration for a very long time my friend.
And most of all, none of this growth would have been possible without Salty Toes who runs the Seeds of Wisdom website bringing all of us together as a group of teachers willing to share insights on what we know.
The Seeds of Wisdom Team recently had a contest to help others in need of care. It involved all of the people who are leaders in sharing information from this group. The following list is made up of those who share information from the Seeds of Wisdom Team.
The results are as follows:
THE LIVING ROOM W/ ELEPHANT IN THE ROOM WHO WINS BY A NOSE
2nd Texas Snake
3rd Q&A w/ Freedom Fighter
HONORABLE MENTION
* 4th - Goldilocks
* 5th - Back to Basics
* 6th - Bob Lock
* 7th - Isaac
* 8th - Jesters Hub
* 9th - Pets
* 10th - Prayers & Encouragement
* 11th - Okie
I am told that Elephant in the Room only one this race because she outstretched her long nose at the finish line. 😉
© Goldilocks
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