Goldilocks' Comments and Global Economic News Saturday Afternoon 3-30-24

Good Afternoon Dinar Recaps,

Japan has now signaled that officials are on standby to intervene in the market to address the yen.

Gold is at record highs in Japan.

The Bank of Japan has distorted its capital markets, and the world will feel the effects.

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The Bank of Japan is in a very difficult position. They hold a lot of US dollars in reserve that could be utilized to prop up their own currency if they were to sell it off. The problem is that a move like this would disturb the balance of trade on a worldwide level. Shifts in the prices of other countries' currency values may start a domino effect.

 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 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 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 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 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 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 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 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

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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.