Goldilocks' Comments and Global Economic News Sunday Evening 4-7-24

  Good Evening Dinar Recaps,

Been in contact with many of my sources throughout the day from Technical Developers to Banking contacts.

My understanding is that we are progressing well with the MICA regulations which stands for Markets in Crypto Assets.

These regulations will allow us to move forward with the new digital economy, and we are still on target to finish these by the end of May.

These are much-needed changes to the banking system that will allow us to move forward with new Banking and Market values. I would not expect anything to happen this month due to these updates.

I hope you have a wonderful weekend. Take this time to enjoy your family and friends. These things mean so much more than anything we will receive monetarily going forward.

© Goldilocks

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Goldilocks' Comments and Global Economic News Saturday Evening 4-6-24

Good Evening Dinar Recaps,

One thing the Red Sea conflict has taught us is that a change is needed in the way we trade across the world.

Some countries have utilized 3D printing to minimize the need for some shipping abroad. Others are rerouting their shipping vessels to avoid conflicts of interest. And, the digitization of these shipping ports will make Management in the flow of money between countries and merchants on the other side of the world faster and more efficient.

This data has been calculated and still in process of calculation with the World Trade Organization. These calculations are run through artificial intelligence scenarios to determine a repricing event between countries that will change our exchange rates.  Servier  Servier   Servier

Watch the water.

© Goldilocks

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Goldilocks' Comments and Global Economic News Saturday AM 4-6-24

Good Morning Dinar Recaps,

What Is QFS? How Will It Replace Traditional Banking Systems? |  The Market Periodical 

Pamela shares Goldilock's above article on 'What Is QFS? How Will It Replace Traditional Banking Systems?'.  Pamela goes over the article in this recording.  You can find the article in the Start Here group under the Learning topic as well as Goldilocks' room.  The links are shared below.  

Recording Below

 Goldilocks' Comments and Global Economic News Friday Afternoon 4-5-24

Good Afternoon Dinar Recaps,

Ripple's new stablecoin which is expected to be launched later this year will expand into several different Global Networks.

On a broader scale, Ripple's new stablecoin will allow them to create demand for their coin on centralized and decentralized platforms.

One platform utilizes the traditional model of centralized banking exchanges, and the other utilizes peer-to-peer transactions that can be held in a private exchange.

This will expand the use of Ripple coin among all users going forward who wish to utilize the network of Ripple coin in their transactions.

Goldilocks' Comments and Global Economic News Thursday Evening 4-4-24

Good Evening Dinar Recaps,

"On April 1, ISDA submitted comments on the Commodity Futures Trading Commission’s (CFTC) notice of proposed rulemaking on requirements to establish an Operational Resilience Framework for Futures Commission Merchants, Swap Dealers and Major Swap Participants, which was published in the Federal Register on January 24, 2024."

The International Swaps and Derivatives Association examines risks and resilience inside the derivatives Market. There were three stages to go through when being considered for implementation in government protocols. The ISDA is now on their final stage/phase.

All comments and questions have been turned into the CFTC who will govern and process swap dealers going forward. At this time, all of the information gathered in research and comment phases are now going to be put before the Operational Resilience Framework.

Goldilocks' Comments and Global Economic News Thursday AM 4-4-24

Good Morning Dinar Recaps,

Zimbabwe has set its sights on joining the New Development Bank (NDB), an institution established by the BRICS economic bloc. Persistence Gwanyanya, a prominent economist and member of the Reserve Bank of Zimbabwe’s monetary policy committee, confirmed the country’s application in a recent interview with The Herald.

“We have applied to join the New BRICS Development Bank,” Gwanyanya said. He expressed optimism about Zimbabwe’s application, citing support from BRICS members Brazil, Russia, and South Africa.

Gwanyanya clarified that Zimbabwe’s pursuit of NDB membership does not preclude its aspirations to join the BRICS alliance itself. “Zimbabwe, like many African nations, is committed to achieving sustainable economic growth and transformation through continental integration,” he explained. “We value our collaboration with BRICS partners in fulfilling our market integration goals.” Daily News Egypt

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Goldilocks' Comments and Global Economic News Wednesday Afternoon 4-3-24

Good Afternoon Dinar Recaps,

Executive Order 13303 Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has An Interest.

Signed by   GEORGE W. BUSH THE WHITE HOUSE, May 22, 2003.   Executive Order 13303

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EXECUTIVE ORDER 13303 HAS BEEN LIFTED:

"Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has an Interest"

The lifting of this executive order 13303 and the movement from that account to an Iraqi2 account allows Iraq to trade their oil revenue payments in the Iraqi dinar, instead of, the dollar.

The protections of the United States Dollar mechanisms is no longer needed for Iraq since they are integrated into the Digital Asset Based Trading System at this point.

We just recently witnessed their auctions being done successfully on these new digital mechanisms, and it secured their money in the transfers very well.

Goldilocks' Comments and Global Economic News Tuesday Evening 4-2-24
Good Evening Dinar Recaps,

FEDNOW Announcement:

“The Fed has definitely piqued the interest of the banks and the credit unions,” Brown said. 

FEDNOW has two banking rails up and running in the United States that are capable of doing instant payments, and they expect more to follow in the coming months.

FEDNOW has some financial institutions that have functional status inside an instant payment mechanism. They're still looking for mass adoption after a period of testing it's capabilities.

Marketing for this functional service is just beginning to happen, and they do expect more companies and banks to adopt this much-needed service.

This service is expected to reach all community Banks in the United States and begin competing with other services that will see its benefits including healthcare.

Healthcare has much to gain by adopting this service due to a patient's need for instant information data sharing that is safe and secure during times of emergency.   Pymnts

© Goldilocks

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Goldilocks' Comments and Global Economic News Monday Evening 4-1-24

Good Evening Dinar Recaps,

When our cryptocurrency is regulated on a Global scale at the end of May, look for all of our new Tokenized Assets go to a real value.

© Goldilocks

Posted after hours on Easter Sunday in reference to this article LINK

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The CBI of Iraq showed us two articles from the CBI that they are not exceeding their cash credit amounts in loans given out to people and companies. These loans provide liquidity for extra capital to help their banking system run more smoothly and profitably going forward.

In talking with our CBI banking contact, their inflation has come down and the country is working within normal ranges of a growing economy. All of this is being done without a change in their exchange rate so far.