Goldilocks' Comments and Global Economic News Thursday Evening 4-11-24

Goldilocks' Comments and Global Economic News Thursday Evening 4-11-24
Good Evening Dinar Recaps,

Announcement of the CHIPS Migration to ISO20222 Messaging:

"The adoption of this format by CHIPS (Clearing House Interbank Payment System) enhances the efficiency of payments processing, The Clearing House (TCH) said in a news release on Wednesday (April 10), two days after the migration.

It also lets participants and end-user customers gain value from enriched data content like extended remittance information. It lets users query structured message formats for multiple purposes, such as sanctions and compliance screening.

According to the release, the network wrapped its first day of operations on the ISO20022 message format having released 555,345 payments for a value of $1.81 trillion."

The Clearing House Interbank Payments System (CHIPS) is the largest Clearing House Payment System in the US. It is the largest private-sector, high-value clearing, and settlement system in the world.

On April 8th, 2024 the CHIPS Network successfully migrated to the ISO 20022 messaging system. This allows foreign currency exchanges to be traded on the new digital banking system.

Along with our transactions, there will be a clear message informing both sides of a trade what the exchange is all about with directions for the completion of the transaction.   Pymnts  Investopedia  The Clearinghouse

© Goldilocks

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"The Financial Stability Institute (FSI) in a detailed report issued on April 9th, 2024, has emphasized the necessity of a coordinated regulatory approach to Stablecoins across different jurisdictions."

The Financial Stability Institute is calling for the unification of governing laws for Stablecoins throughout the US, UK, and the EU.

Global Regulations are needed for licensing, consumer protection, and AML in 7 jurisdictions.

Markets in Crypto Assets (MICA) are currently in the process of Global Regulations through the European Union.   CoinGape   Investopedia

© Goldilocks
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"BRICS refers to certain emerging market countries—Brazil, Russia, India, China, South Africa, and more—that seek to establish deeper ties between member nations and cooperate on economic expansion, including trade. The countries act as a counterbalance to traditional Western influence."

When the BRICS Nations become strong enough to have a trading influence equal to or greater than the Western Culture, there will be bilateral agreements "only" as a reason for us to sign documents in the near term.  
This is expected to change in about two decades when the BRICS Nations are expected to be strong enough to overtake the dollar. The transition of the dollar is expected to be a slow process. In the meantime, the Dollar Act is in the process of moving through Congress to support this transition.

To have a (digital) currency strong enough to challenge the dollar or equal within its dominance able to level the playing field for the BRICS Nations, they will more than likely have a gold-backed digital trading coin that will give them the capacity to do so.

At that time or before, the United States will be under a Gold Standard and part of the new leveling playing field.   Congress   Investopedia   ISS Africa

© Goldilocks

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What is the latest on #BRICS currencies? | Youtube

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Who controls the price of gold in 2024? | Youtube 

👆 is gold about to decouple from the dollar?

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Breaking Ripple News: 

Uphold Confirms FedNow Integration for XRP Transactions. Uphold lets users withdraw XRP instantly to US bank accounts using FedNow, easing crypto-to-fiat conversions. | Crypto Adventure  4 days ago
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Markets in Crypto-Assets Regulation (MiCA)  | Esma Europa

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Markets in Crypto-assets (MiCA) – New EU law on crypto-assets | Twobirds

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Is Europe’s MiCA a Template for Global Crypto Regulation? | Coindesk

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Global Banking Announcement:

US Treasury and PBOC to Conduct Joint Financial Shock Exercises By Manesh Samtani, exercises will help establish lines of communication between US and Chinese regulators and identify areas of potential cross-border contagion and other risks | MSN
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Derivatives Services Bureau Announcement:

London, Tuesday 9 April 2024 – The Derivatives Service Bureau (DSB), the global golden source of reference data for Over the Counter (OTC) derivatives, today released the latest data on industry readiness for European UPI (Unique Product Identifier) regulatory reporting requirements, which are part of the EU EMIR Refit Regulations.

The European Union will implement UPI reporting from 29 April 2024 as the second G20 jurisdiction, following the US who went live from 29 January 2024, and ahead of the UK effective date in September 2024. |  DSB

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Do you see what's happening? We are currently working on Global Payment Systems for the new QFS.

@Goldilocks

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Hong Kong spot Bitcoin ETF Announcement:

HONG KONG (Reuters) - "Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said." | MSN

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FYI

Since I trade on the markets, you do know I will be very aware the instant our markets flip completely over to the new digital asset-based trading system. This will be all sectors of the market and the value changes that come with it including Forex.   😉

© Goldilocks

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President Joe Biden has promised Israel "ironclad" US support amid fears that Tehran could launch reprisals for an attack that killed senior Iranians. | BBC
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How Much GOLD Is In Home Depot Sand? | Youtube

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We are at the place where Credit Valuation Adjustments are about to begin.

The process will be monitored and assessed throughout most of this year and as new changes take place.

Look for all sectors of the market to be involved in this process such as banking systems and Forex.

Central Banks all over the world continue to focus on accumulating gold. Utilizing Gold as a World Reserve Asset makes this asset a matter of time before a country or countries of significant influence will build upon it's fixed value into their currency.

The BRICS Nations have been looking to do this for some time in the creation of and use of a trading currency that would appeal to all countries around the world.

Sprinkle a little gold dust on this new currency, and you will have a standard by which all trading protocols can be measurable on the QFS and utilized as a bridge asset through a digital asset backed by GOLD such as XRP.   Risk Net

© Goldilocks

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Next week, the World Bank and the IMF are meeting in Washington DC for their Spring Meetings 2024. This year, the meetings will be compressed between 17th and 19th April, with some ancillary events happening between Monday 15th and Friday 20th. the schedule of events can be found here.   👇
 Schedule  |  World Bank

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Gold & Silver Making MASSIVE Moves! Banks Are STACKING Lots Of Gold! | Youtube

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Tony Greer: There is No Bubble In Gold

Tony Greer: There is No Bubble In Gold

Palisades Gold Radio:  4-10-2024

Tom welcomes back Tony Greer from the Morning Navigator to delve into the various market trends and investment strategies.

Greer, who is bullish on gold, S&P, industrial miners, and uranium, while bearish on bonds, shares his perspective on the current economic climate. He references the volatile year of 1994, when the Federal Reserve raised interest rates to combat inflation, and believes that if similar circumstances arise again, the Fed will respond with rate cuts, leading to a bullish stock market environment.

 The commodity sector, particularly natural resources and housing, has seen a significant shift from tech markets, which remain mixed or flat.

Greer attributes this trend to potential geopolitical tensions and increasing ISM manufacturing figures, possibly pointing towards the early stages of a World War III scenario.

Greer discusses his bullish stance on gold due to central bank buying and physical demand.

While some may view the recent gold rally as a head fake, he remains committed to the precious metal. He believes that declining total gold ETF holdings could indicate less speculation and increased interest in physical gold ownership.

The speakers also touch upon the potential implications of increasing national debt on the US dollar and the possibility that fiat currencies, including the US dollar, will decline against gold.

They ponder if the current trends in oil, copper, and other commodities represent a cyclical shift from underinvestment to materials necessary for economic growth.

Throughout their discussion, they emphasize the importance of staying informed about market changes and adjusting investment strategies accordingly.

Greer suggests repositioning portfolios towards natural resources and industrial sectors, despite slower growth compared to tech stocks, as these markets may have more significant impacts with smaller amounts of capital.

 The conversation highlights potential long-term consequences of current economic trends, including national debt levels and the role of gold as a safe-haven asset.

Timestamp References:

 0:00 - Introduction

0:40 - Bullish Stocks & Gold

 9:23 - Fed Games & Inflation

 15:12 - Gold Rally & Disorder

17:15 - Gold Vs. Silver

18:12 - Metals & Frustration

 20:30 - Capital Rotation

23:17 - Gold ETF Declines

24:42 - Metal Investing

26:20 - The WHO Quagmire

 28:44 - Confidence in Media

 30:18 - Exponential Debt

 31:49 - Oil & Copper Cycles

 33:52 - Peak Frustration

 36:40 - Uranium Fundamentals

39:13 - Time to Pay Attention

42:30 - Wrap Up

https://www.youtube.com/watch?v=pCLd-TDZiQE

Goldilocks' Comments and Global Economic News Wednesday Evening 4-10-24

Goldilocks' Comments and Global Economic News Wednesday Evening 4-10-24
Good Evening Dinar Recaps,

"Last week the Bank for International Settlements dropped a bombshell of an announcement where it launched Project Agorá, along with seven central banks, which will focus on the tokenisation of wholesale central bank money and commercial bank deposits on programmable platforms."

The race towards International payments has begun. We currently have Global Regulations being tested in Europe and soon to be implemented through MICA. These assets have grown out of the ability to do so because of Protocol 20, whereby, the interfacing of International  Digital Networks have been given the green light to expand into Global connections capable of doing trades with Tokenized Assets at the push of a button.

The next step is to move towards Cross-Border International Trading. Several countries have began the process of regulating Stablecoins which is a representation of a country's currency. These regulations will speed up the velocity of money and opportunity for companies to grow at a much faster pace.

As each country moves toward manufacturing their own goods and services over time, this will create less bottleneck situations at our shipping ports and more opportunities for jobs within each country for their people.

Shipping port volumes have been increasing it the last few years until the pandemic hit, and to lower these prices on goods traveling around the world more manufacturing jobs at home is being encouraged and shorter routes between countries are being mapped out. This will decrease inflation, and it will increase the Gold Backed Tokenized Assets used on the shipping ports to trade between countries.

Inflation tends to devalue a currency, and our ability to reduce cost in our shipping industry through more efficient mechanisms will move the pendulum of 80% trade around the world to a much smaller percentage.

Our ability to decrease inflation through digitizing our shipping ports and decrease premium prices on their movement will go a long way in adding more value to our currencies globally.

Bis   Coin Speaker   The Banker   IMF   Investopedia

Watch the water.
© Goldilocks

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Tokenized Assets and the trading of Gold and Silver are beginning to pick up the pace. We have a shortage in Silver that continues to climb.

The demand for the Metal Markets are beginning to put price pressures on our Gold and Silver products.

Can you imagine what this is going to do to our Tokenized Assets such as Stablecoins? Kitco Bloomberg

© Goldilocks

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The Bureau of Industry and Security recently provided the "freight forwarders" in the shipping industry guidance on the imports and exports between countries.

The Bureau of Industry and Security is currently getting involved in particular with "Correcting and Clarifying Export Controls Issued on Advanced Computing and Semiconductor Manufacturing Items."

Let's take a closer look at why freight forwarding guidance is important. It will promote clear guidance on foreign and domestic products being moved across countries near and abroad.

One of their more important roles as of late is to help companies tackle foreign currency exchange rates. They will help determine prices as they change due to developing circumstances.

This set of guidance represents the final rules that allow implementation of freight forwarders guidance to move forward with these new changes.  Mondaq   Braumiller Law   JD Supra

WATCH THE WATER...

© Goldilocks

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IRAQ
General Commission for Taxes: Strategic Direction
for Prioritized Reforms -A pdf located in Goldilocks' room here:  

https://t.me/c/1545617426/76462

HLSEA2024011.PDF

Iraq is beginning to expand their revenue in country. This necessitates the progressive wage earner tax reforms outlined in the PDF above.

This expansion and clearer guidelines made on taxable income for the government, companies, and people are being redefined as we speak.

The transition into technical mechanisms will make this possible going forward. The new digital economy is now being interfaced in Iraq's new digital framework.  IMF

© Goldilocks

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The markets have suffered three legs down in the last few days. This is usually a great time to buy before Markets move three legs up.

But, an interesting thing happened today. The lack of buyers kept me from participating in the game because of the noticeable numbers of investors not following normal Market patterns.

This does not look good for tomorrow, the next day, and following unless buyers start coming into the market. My stance is a wait and see. If others are doing the same, we may have an alert status and moment of caution for the markets.

More and more countries are beginning to trade in their local currencies, and it's hard to know just yet if this is beginning to have an effect on the dollar.

I will report more as I go along and find out more details.

© Goldilocks

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VELOCITY OF M1

 This is our most recent money velocity chart. It ranges from 1960 to late March of this year. It is showing us a rising money velocity as of late. This does not mean we are doing well.

When you have too much money chasing too few goods, you have what is called a demand-pull inflation chart in front of you.

This makes sense to people who buy their groceries and come in with less goods using more money to buy them.

This may be sold as a good thing soon, but you know that it is not because of your grocery bill.

I am sharing this with you today to give you an idea of how difficult it is to invest in today's economy with all of these fundamentals no longer following correlated patterns as they used to do so.

To minimize the above data flows, we may see a false flag come into play to soften some of these money flows and coordinate some of these chart patterns.   Wikipedia

This is why a Global Currency Digital-Asset Reset is needed.

© Goldilocks

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The CPI index reading came out much higher than expected according to several resources.

This is believed to be a reason to raise interest rates among some economists while others are stating that lower interest rates will be what allows us to move into the new digital economy with new support levels.

Countries are divided on this issue as well. We are witnessing some countries lower their interest rates already while the United States keeps their interest rates the same.

This will create a trade war between countries as prices at our shipping ports will be affected.

Volatility is expected inside the marketplace as the East and West go to war in trade.

The winner takes all...

© Goldilocks

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CPI comes in hotter than expected dashing rate cut hopes...Ira’s Morning Flash Video for 4 10 2024 | Youtube

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Exploring Japan's Potential To Lead Global Cryptocurrency Trends -  Dataconomy

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A freight forwarder is a firm specializing in the arrangement of cargo on behalf of shippers. In most cases, freight forwarders provide a variety of supply chain services, including: Ocean or air freight transportation. Inland transportation from origin and/or to destination. |  Crowley

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Hong Kong Said Likely to Approve Spot Bitcoin (BTC) Exchange-Traded Funds Next Week: Reuters | Coindesk

👆 more on this tomorrow.

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The 'war of chan' to dominate semiconductors around the world is intensifying day by day. The U.S. g.. - MK

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U.S.-China trade fight ramps up with EVs and green tech - Fast Company

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Biden unveils $6.6bn for Taiwan’s TSMC to ramp up US chip production | Technology | Al Jazeera

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Exchange Rates and their Measurement | Reserve Bank of Australia
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Silver laughed off an attempt to slam the price lower on the announcement of higher than expected Inflation numbers. 
 
This is a NEW type of behavior in the Rigged COMEX Silver market and one that is very, very encouraging.
 
This means that the additional shorts needed for today's initial slam WERE NOT ABLE TO BE COVERED which makes the Commercial's Silver Short Problem that much bigger! 
 
THIS IS THE END GAME!
 
SILVER ALERT! Silver Brushes off Attempted Price Slam on CPI! APPROACHES UNOBTAINIUM! (Bix Weir) | Youtube

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New worries America on verge of losing petrodollar privilege | FX Street

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Goldilocks' Comments and Global Economic Tuesday Evening 4-9-24

 Goldilocks' Comments and Global Economic Tuesday Evening 4-9-24

Good Evening Dinar Recaps,

"Credit valuation adjustment is a change to the market value of derivative instruments to account for counterparty credit risk. It represents the discount to the standard derivative value that a buyer would offer after taking into account the possibility of a counterparty's default."

With so many companies and countries going into bankruptcy these days, I have to look at credit valuation adjustments in order to make some of my trades.

Foreign currency is a part of the Derivatives Market. I will know when these actual changes take place. Risk

© Goldilocks

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"This bank, on behalf of the Ministry of Finance, will offer bonds under the name ( Injaz Bonds ) to the public starting from 4/15/2024 until 5 / 15 / 2024"

Public bonds help to build the infrastructure of a country's businesses, and they go a long way in supporting a country's currency.

Getting public involvement in increasing the value of their own currency will help Iraq maintain a sustainable economy going forward.

Public bonds like these help to establish and secure a country's Sovereignty. This is a part of the process of Iraq reclassifying their currency.

Not long ago the CBI revealed to us that it would begin March 31st, 2024. They said it would be a gradual change. I copied the article for your review again on this matter.

"Based on the of the Board of Directors of this Bank number (191) of 2003 it was decided to give the mediation companies buying and selling foreign currencies under category (C) a period of time to merge to be classified as (A) or (b) until 3-31-24."   CBI   IMF

© Goldilocks

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"The HKMA has been researching CBDCs since 2017 to understand their benefits and potential applications. As part of the “Fintech 2025” strategy announced in 2021, the HKMA has placed increased emphasis on strengthening its research work to increase Hong Kong’s readiness in issuing CBDCs at both wholesale and retail levels."

Hong Kong is currently exploring industry standards for their digital money. They are currently on Phase 2 of HKMA's e-HKD testing initiative.

Currently, Hong Kong is in process of developing standards on their ability to exchange information through smart contract designs. A smart contract ensures money is available on both sides of a trade.

These new mechanisms and protocols include sensitive and private information that needs to be protected on the retail side of a transaction.   HKMA

© Goldilocks

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"Bitcoin halving countdown: Crypto expert discusses opportunities and challenges" | Investing
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Ripple CEO: Crypto market to double in size to $5 trillion in 2024 | CNBC

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Bitcoin and Ripple. Pairing the assets together. What? Not going to zero now.  MacroAxis  AvaTrade

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China is about to enable currency swap with 29 other countries and they will use their local currency instead of the US dollar. | Reuters

👆  Goldilocks pointed to this article

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[I uploaded the following pds attached to this email  - If they are easily uploaded - please add otherwise just leave them off.  I added the link to the room if they want to see them. Please delete this  message] 

 Goldilocks posted 5 pdfs in their telegram room today:

1.  Final_Report_on_certain_technical_standards_under_MiCA_First_Package

https://t.me/c/1545617426/76381

👆MICA DRAFT REPORT

CLICK HERE

2. MiCA_Consultation_Paper_-_RTS_market_abuse_and_GLs_on_investor_protection_and_operational_resilience

https://t.me/c/1545617426/76383

👆MICA CONSULTATION PAPER

CLICK HERE

3. openFile.pdf

https://t.me/c/1545617426/76385

CLICK HERE

👆In line with the Group of 20 (G20) commitment to reform over-the-counter (OTC) derivatives markets, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have been working with the Government of the Hong Kong Special Administrative Region and relevant stakeholders on implementing a regulatory regime for the OTC derivatives market in Hong Kong.  OTC derivatives reporting is an important component of the OTC derivatives regulatory regime.
 
We have implemented two phases of mandatory reporting, covering OTC derivatives
transactions in five key asset classes — interest rates, foreign exchange, credit, commodities and equities. The use of Legal Entity Identifier (LEI) has also been mandated and is applicable to all entities on the reporting entity’s side of a transaction.

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4.  20240322e3a1.pdf
https://t.me/c/1545617426/76389

CLICK HERE

👆Hong Kong is currently working on their reporting measures for their over-the-counter derivatives (OTC) Market that includes foreign currency exchanges.

© Goldilocks

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5.  ESMA74-2119945925-1959_Feedback_statement_of_the_Call_for_evidence_on_shortening_the_settlement_cycle.pdf        https://t.me/c/1545617426/76390

CLICK HERE

👆EU shortening the settlement cycle.

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👆The above PDFs give you an idea of how Global Regulatory guidelines are in process of being reviewed and working towards implementation by the end of May.

These drafts will be reviewed and updated for new Protocols in the Banking and Market system.

© Goldilocks

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Treasury Secretary Janet Yellen wrapped up four-day trip to Beijing without much to show for it, acknowledging an unsure future for relations between the U.S. and China.

After a series of economic meetings, it was at least agreed that more communication would take place.

"There is much more work to do," Ms. Yellen said at a Monday news conference. "And it remains unclear what this relationship will endure in the months and years ahead."   Fox Business

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UK's FCA and Bank of England launch consultation for Digital Securities Sandbox - FinTech Futures: Fintech news    Bank of England
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What Jamie Dimon Said about Long-Term Inflation, Fed Interest Rates (“2% to 8% or even more”), and QE/QT (it’s Risky) | Wolf Street

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TSMC to make state-of-the-art chips in US after multibillion subsidy pledge | Technology sector | The Guardian

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Gold is rapidly becoming the World Reserve Asset.

© Goldilocks

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Gold. Tradable foreign currencies, such as the USD or euro (EUR). Special drawing rights (SDRs) to obtain foreign exchange or reserve assets from IMF members.   Jan 8, 2024 | Investopdia

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XRP: The best 21 minutes of your life is contained inside this video...

It just came out today. Something many of us have known for a long time.

It will change your life.  |  Youtube
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Lummis: Crypto Will Erupt as Big Issue in U.S. Senate Races Including Banking Chair Brown's | CoinDesk

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Stablecoins Are Seeing Adoption as a Cross-Border Settlement Mechanism: Bernstein | CoinDesk via @coindesk

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Gold rallies to new records on worldwide tensions, central bank buying | Axios

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Goldilocks' Comments and Global Economic News Monday Evening 4-8-24

 Goldilocks' Comments and Global Economic News Monday Evening 4-8-24

Good Evening Dinar Recaps,

"Enthusiastic members of the XRP community are rejoicing over a recent development that could significantly influence the future of the Ripple-supported token. A fresh research paper by the European Corporate Governance Institute (ECGI) has reinforced the classification of XRP as a utility token, aligning with a U.S. federal court ruling in July 2023."

Today, the European Union begins testing it's instant payment service on MICA. It is expected that Ripple is a part of this transaction due to its ability to transact two assets between each other within seconds.

This makes Ripple a recognized Network capable of making instant payment settlements possible. Europe is currently testing and regulating the new Global Crypto Standards and/or Regulations that will apply to digital economies wherever they are.

I do find this interesting that a change of this magnitude is happening on the same day as an eclipse. An eclipse symbolizes hidden truths being revealed and a movement into higher learning.  TimesTabloid
Times of India    Crypto Weekly

This truly is a Biblical moment.

© Goldilocks

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Economy News – Baghdad

The Central Bank of Iraq decided to launch Enjaz bonds worth 1.5 trillion dinars in implementation of the Financial Budget Law for the years 2023-2025.

According to a document, issued by the Central Bank, obtained by “Economy News”, “the issuance of public debt bonds is offered to the public in the name of completion bonds in the amount of 1.5 trillion dinars,” noting that the Central Bank issues this bond on behalf of the Ministry of Finance.

The document confirmed that the bonds in the first two categories 500 thousand dinars at an interest of 6.5% per year are paid every 6 months for two years while the second One million dinars with an interest of 8.5% paid every six months for four years.

The sale of the bonds begins on April 15, 2024 to May 15, 2024, the document added.

Injaz bonds are the highest benefit after the reconstruction and build bonds, which reached an interest rate of 7% per year.    Search4Dinar

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"EBA analysis found that the models used by banks produce a lower risk rating for high carbon than low carbon sectors."

The European Banking Authority is finding that capital requirements need to shift from outdated fossil fuel regulatory preferences to newly updated risk assets that will carry us into the future.

The new tokenized assets in process of being regulated will help bridge this gap and make this transition in the energy sector of the market a possibility.

As these new Banking and Market reforms are adjusted, we will see new ratio and price developments form inside the new digital economy. It will allow us to interface new price arrangements on the QFS.

Regulation Asia   CNBC

© Goldilocks

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The "energy sector" is currently in reforms inside the new banking system. When these new prices are adjusted to meet ratios capable of moving us into future prices, they will be able to be correlated/interfaced onto the new digital markets.

This is a major component of our economy, and it's repricing event will enable us to have a foundation going forward to support the global economy.

Look for new prices in gold, silver, and gas to solar to form on the debt clock. These foundational aspects of our economy have to be formulated to help us move forward inside of a revalued market based on new digital assets that will carry us forward.   FT    US Debt Clock

© Goldilocks

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Message from Sam Oliver on GOLD

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Remember, the Central Banks are the buyers of last resorts. As the CB steps in to buy Gold when the Retail Market no longer can, it will be a signal the currencies have reached a bottom enabling them to utilize Gold as a standard that can now be calculated in bringing the Currency Market back up into real values. This is the Global Currency Reset.       Wikipedia.

© Goldilocks

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One last thing, when the price of gold is so high that only the Central Banks can begin to control the price of it over the retail Market, it will be a good time for them to be able to change prices under a managed float under fixed rates of gold allowing them to synchronize gold to new (digital) currency values.

© Goldilocks

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

© Goldilocks

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Cross-Border Payment Announcement:

A report from the World Bank back in 2021 has resurfaced, under which it identified Ripple’s XRP and Stellar’s XLM as ideal stablecoins for cross-border payments.

World Bank claimed in its report that the two tokens “enable faster and more efficient cross-border payments relative to correspondent banking.” |  Crypto-News-f    Flash

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LONDON, April 4 (Reuters) - Global securities watchdog IOSCO on Thursday proposed detailed guidance on how regulators should supervise stock exchanges more closely to negate risks from changes in business practices. | MSN
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The instant payments regulation will allow people to transfer money within ten seconds at any time of the day, including outside business hours, not only within the same country but also to another EU member state. The regulation takes into consideration particularities of non-euro area entities. |  Consilium Europa

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Jamie Dimon Issues an Economic Warning | NY Times

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

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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“These reforms improve the integrity and stability of domestic and global derivatives markets,” said Commissioner Johnson.

On April 9, Market Risk Advisory Committee Meeting of the CFTC will be convening on reforms of the derivatives markets which includes Forex.

There are other items on the agenda for this meeting, but this is the one that concerns most of us in this room.   CFTC

Yes, the forex is still doing their reforms on foreign currency.

© Goldilocks

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Iraq is in the process of signing bilateral agreements that will support their infrastructure through their shipping ports.

This move will help Iraq to spend their money locally and support their own economy. Projects such as this will help justify new values on their Iraqi Dinar.

The agreement allows Iraq to level up their economy. It gives them a consistent and continued sustainable income to help many sectors of their Market grow and sustain themselves with a higher level of living.

It is decisions like these that allow a currency to feel and experience price pressures that are needed to raise its value for the good of the community and all that trade with them.   Arab News

Watch the water.

© Goldilocks

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"Global trade is likely peaking now. According to a report by the St. Louis Federal Reserve Bank."

Many countries are beginning to manufacture products in their own country that used to be imported from others.

The last three Presidents have chosen not to make any changes to the judges that govern the World Trade Organization. This is being called an existential threat to the Global Economy.

For some time, the World Trade Organization has needed to change percentages in weight given to certain countries gaining momentum in trading relationships. Many of these changes are being refactored at the present time and expect to formulate new ratios by the end of the year.

These new ratios being calculated don't keep us from a gradual incline in some of these currencies that are being placed on a More Level Playing Field with other countries until they reach an RV status.

Many of these changes needing to take effect will come about from new regulations, rather than, a rules-based decision that was made at Bretton Woods 2 in 1944.

This brings us up to where we are now, the regulation of our new digital economy will bring about the needed changes in trade relation weight ratios for our currencies around the world based on supply and demand going forward.

These new digital regulated (ie MICA) changes will form new price patterns on each country's currencies and reset our Global Mechanisms to meet the needs of countries choosing to use their local currencies and trade over the dollar going forward.

When the World Trade Organization completes its new calculations to reform a new Global Trading Economy, Bretton Woods 3 will come into being.

There should be an announcement of this new agreement by Bretton Woods 3 that will lead us into much-needed changes around the world. JD Supra  Council on Foreign Relations  St Louis Fed

NOW, do you see why I keep asking you to WATCH THE WATER.

© Goldilocks

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Specific foreign exchange derivatives include: foreign currency forward contracts, foreign currency futures, foreign currency swaps, currency options, and foreign exchange binary options. These instruments are called derivatives because their value is derived from an underlying asset, a foreign currency.  Springer

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If you missed the Saturday Night Live breakdown of Goldilocks last night, you can listen to it here!

Goldilocks' Telegram Room

or Click to Listen Here   [ Add attached mp3 here]  SNL Freedom-Jester 4-6-24.mp3

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The Trade Winds Are Turning: Insights into the 2024 National Trade Estimate | CSIS

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Room for rules-based global trade remains, but WTO showing signs of geopolitical tension |  Engineering News

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USTR Issues Communication To WTO Members On Climate, Trade | RT News

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The US and EU concluded a two-day session of their Trade and Technology Council on Friday ending up with a 12-page agreement between all parties involved. Economic Times India Times White House

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‘Gold’ hydrogen: The next clean fuel? - E&E News by POLITICO 

~~~~~~~~~

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

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  Tech Briefs   BFT Online

Watch the water.

© Goldilocks

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"JAPANESE Prime Minister Fumio Kishida said on Friday (Apr 5) authorities will use “all available means” to deal with excessive Yen falls, stressing Tokyo’s readiness to intervene in the market to prop up the currency."

In other words, Japan has to do what is best for their own country at this point. If it means to change monetary policies for their currency, it is going to happen.

These changes will begin to affect shipping prices around the world as Japan formulates new price pressures that will formulate new correlations between other countries' currencies going forward.

This is why it is so important to watch the water because most of our trade actually takes place because of it. New demands such as these have a way of creating a ripple effect across the waters.

This move has the potential to decouple from the dollar as the World Reserve Asset currently dominating trade relations.   Business Times

Watch the water.

© Goldilocks

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This article reflects more about Zimbabwe currency than the Zim Bonds my friends.

It is good that they have changed their monetary policy to a backing in gold.

This will stabilize their currency and create new monetary policies for those who exchange with them over time.   BBC

© Goldilocks

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XRP Unleashed - New Docuseries Coming Soon | Twitter

~~~~~~~~~

The Struggle for Currency Supremacy - Project Syndicate - Commentaries - Advisor Perspectives |  Project Syndicate  

~~~~~~~~~

This article reflects more about Zimbabwe currency than the Zim Bonds my friends.

It is good that they have changed their monetary policy to a backing in gold.

This will stabilize their currency and create new monetary policies for those who exchange with them over time.   BBC

© Goldilocks

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Copper Bulls Can See A Record Price Of $12,000/t | Forbes

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4/6/2024  Saturday Night Live Call

I hope everyone is doing well and looking forward to their weekend. I wanted to go over the importance of Ripple's announcement this week in launching a new stablecoin backed 100% by US deposits.

This aligns Ripple as a settlement token between deposits, trades, and banking exchanges. Just like the banking system, Ripple intends to be audited once a month to show transparency of their Network System.

This not only shows that the banking system is becoming digitized, it shows that our Protocol 20 tokenized assets will soon be able to be processed through the new Digital Banking System.

This is a slow roll out, but it is moving forward. Nothing is holding us back, and we are moving forward as new networks are interfaced onto the new Quantum Financial System.

This is currently where we are in the integration of the new digital banking system. Traditional banking system is currently being digitized. Everything will be tokenized going forward. This will allow us to hold real values in our new banking system that can be processed through Quantum Technologies.

Do make time for this important event on Saturday night, a transition of this magnitude has shifted our economy. And, many people will overlook the magnitude of this announcement. This is why it is important to listen to as many perspectives on this shift as possible as we collectively move our money onto the QFS.

© Goldilocks

Saturday Night Live   Tonight at 9 pm ET, 8 pm Central, and 6 pm Pacific 

Questions can be asked in the SNL Q & A  Room will open at 8 pm ET. to post questions

~~~~~~~~~

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

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

Disclaimer:
This is not professional advice, nor is it implying financial advice, nor is it legal advice.  Please do your own research.   

Start Here and Currency Info

Goldilocks' Telegram Room

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Analyst Says XRP and XLM Will Melt Faces Soon, Projecting 20X Rally to $13 | The Crypto Basics

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BREAKING NEWS ZIM Global Currency Shift | Youtube

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Uphold confirms XRP withdrawals to USD via FedNow for US users with participating banks.

While not entirely new, this development highlights the growing connection between cryptocurrencies and traditional finance.

Unclear details remain regarding the specifics of the partnership and XRP's role within the FedNow network.

Cryptocurrency enthusiasts are buzzing with excitement as Uphold (https://coinpedia.org/news/ripple-payment-is-now-available-on-uphold-platform-for-institutional-investors/), a major U.S. crypto exchange, confirms a groundbreaking development: FedNow, the payment system of the U.S. Federal Reserve, now facilitates instant XRP withdrawals directly to select U.S. bank accounts. This advancement allows users to seamlessly convert their XRP to USD and withdraw funds instantly.  Coinpedia

~~~~~~~~~

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

 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.

The XRP Ledger can be utilized in both transactions (centralized and decentralized networks) that will include the use of this aspect of their company as well. The US stablecoin is not the only country that Ripple would like to utilize this new stablecoin service going forward.

It is a move that expands the use of Ripple coin diversifying its capabilities among institutions and private buyers who wish to utilize its speed and easy scalability on the new QFS.  
Business Wire   CNBC   Investopedia

© Goldilocks

~~~~~~~~~

Since Ripple's stablecoin is going to be backed 100% by US dollar deposits, they are agreeing to go through monthly audits. It is something that the banking system does as well. This lines Ripple up with the banking system and shows their willingness to be completely transparent.

The alignment between cryptocurrency and the traditional banking system forming an alliance such as this gives each of us and much clearer understanding of how payment systems will be settled inside a new digital economy through Ripple.

The importance of this move cannot be overstated. I can only tell you it is a move that will change the banking system forever.   Coindesk

© Goldilocks

~~~~~~~~~

4/5/2024  Good Morning,

I hope everyone is doing well and looking forward to their weekend. I wanted to go over the importance of Ripple's announcement this week in launching a new stablecoin backed 100% by US deposits.

This aligns Ripple as a settlement token between deposits, trades, and banking exchanges. Just like the banking system, Ripple intends to be audited once a month to show transparency of their Network System.

This not only shows that the banking system is becoming digitized, it shows that our Protocol 20 tokenized assets will soon be able to be processed through the new Digital Banking System.

This is a slow roll out, but it is moving forward. Nothing is holding us back, and we are moving forward as new networks are interfaced onto the new Quantum Financial System.

This is currently where we are in the integration of the new digital banking system. Traditional banking system is currently being digitized. Everything will be tokenized going forward. This will allow us to hold real values in our new banking system that can be processed through Quantum Technologies.

Tomorrow night, there will be a Saturday Night Live call giving you an update on where we are in the new Digital Banking System. Jester and Freedom Fighter do an excellent job explaining where we are in the movement and transition into our new economy that leads to our revaluation of all assets across the markets including Forex.

Do make time for this important event on Saturday night, a transition of this magnitude has shifted our economy. And, many people will overlook the magnitude of this announcement. This is why it is important to listen to as many perspectives on this shift as possible as we collectively move our money onto the QFS.    Saturday Night Live 

© Goldilocks

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"LUANG PRABANG — Việt Nam's Minister of Finance and Central Bank Governor and other ASEAN counterparts engage in discussions with international business councils to strengthen financial ties and promote sustainable growth in the region."

Vietnam is currently engaged in monetary policy and monetary cooperation initiative changes.

They are currently taking active steps to be more inclusive on the international stage in terms of market growth and commitment to sustaining that growth with partnerships that will enable them to improve economical standards of living.

Their new Basel 3 compliant banks will allow them to show collateralization and the ability to make higher volume trades than before through proof of the ability to transact on both sides of a trade.

As Vietnam continues to expand their economy, these new demands on their currency will justify new price actions on their currency.  Vietnam News

© Goldilocks

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Financial Services Authority of Indonesia Announcement:

"The Financial Services Authority of Indonesia said Indonesia's economy has recovered from the pandemic and banks have strong capital, sufficient liquidity and good risk management."

Indonesia is Basel 3 compliant. This will allow their movement into less pandemic support, and into measures that support their own economy through the new digital asset-based trading system.

The new digital economy will require a gold backing to service the needs of the new cryptos they are in the process of testing and going through approval for the development of their new economy.  Coin Telegraph   WHO

© Goldilocks

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A New Digital Core for Banks | Huawei Enterprise |  Huawei

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The Fed - Tokenized Assets on Public Blockchains: How Transparent is the Blockchain? | The Federal Reserve

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Office CRE Mess Keeps Getting Worse, Massive Repricing Underway | Wolf Street

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Mexico Approves Bill Regarding Electronic Financial Transactions | Insights | Holland & Knight

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Federal Reserve Refuses To Provide Records Of Foreign Gold Holdings | ZeroHedge

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Cooperation not competition is the driving force of the new economy.

© Goldilocks

~~~~~~~~~

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

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.

The ORF will take their collected data, organize it, and bring it before the Market Risk Advisory Committee Meeting on April 9, 2024.

If passed by the CFTC, they will be able to move forward with new guidelines governing and directing our new digital economy inside the digital derivative markets that includes foreign currency exchanges. ISDA   CFTC 

© Goldilocks

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"Project Agorá (Greek for "marketplace") brings together seven central banks: Bank of France (representing the Eurosystem), Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of England and the Federal Reserve Bank of New York."

Project Agorá is currently working with Central Banks and Banking sectors to test and explore the use of tokenization in cross-border payments. This will be done in partnership with a large group of private investors inside The Institute of International Finance.

The IIF is comprised of commercial and investment Banks, asset managers, insurance companies, professional services firms, EXCHANGES, sovereign wealth funds, hedge funds, Central Banks, and Development Banks.

This pretty much covers most of the international payment sources from around the world. There are three major requirements that will be explored in cross-border payments:

"Project Agorá will explore how tokenisation of wholesale central bank money and commercial bank deposits on programmable platforms can improve the monetary system.

The project will explore how tokenisation and smart contracts could enable functionalities and transactions that are not viable today.

The primary area of exploration will be to increase the speed and integrity of international payments while lowering costs."

As you can see, we have a lot of conversations taking place around cross-border payments which include foreign currency exchanges that are still in development.

As we proceed further into the global regulation of crypto assets and markets, these major Financial Institutions from around the world will be exploring and placing their input into the final regulations taking place at the end of May in Europe.

If this date is not moved back, we will be looking at moving forward on an International level with our new digital economy.   BIS 1    BIS 2   IIF

© Goldilocks

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A RESURFACED speech from Chinese President Xi Jinping suggests policymakers may start trading government bonds to regulate liquidity in the market, pushing the nation towards strategies used by the US Federal Reserve and other major central banks around the world.

Xi’s call for the People’s Bank of China (PBOC) to “gradually increase the buying and selling of government bonds” in its open market operations sparked a frenzy of speculation among traders last week. The remarks – made in October but publicised recently in a new book and newspaper article – may hint at a policy pivot for a central bank that has not made a significant bond purchase since 2007.

“Central banks in other countries generally use government bonds, or sovereign credit, as a basis to issue money,” said Liu Lei, a researcher at the National Institution for Finance and Development, a state think tank advising government agencies in China. “This is a necessary path for China’s central bank and monetary system to move into modern times.”   Business Times

~~~~~~~~~

China is beginning to signal a policy change in the buying and selling of government bonds. They are beginning to indicate the desire to sell their bonds to prop up their currency which is a tactic the US currently utilizes.

Japan is also considering this tactic, and other countries will witness the benefits of these changes.

One thing is for certain, it will change the dynamics of trade between countries going forward. This move will indicate a global shift in the way many countries will begin utilizing the same measures that the US does in trade and banking within their own countries.

When we see this trend begin to take place, it will begin putting price pressures on exchange rates going forward and many will begin to move into real values.  Investopedia  Linkedin   Business Times

© Goldilocks

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Great expectations: How treasury bonds and interest rate changes impact currencies |  OFX (US)

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"This bank will issue bonds ( Enjaz ) on behalf of the Ministry of Finance."

👆 Do you see what's going on here? Someone is about to sell government bonds to prop up their currency. A pattern is forming among countries.  CBI

© Goldilocks

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The East is beginning to move/control the price of gold over the dollar. Is gold about to decouple from the dollar?

And, Ripple is launching their own stablecoin as a bridge asset. Ripple is a liquidity coin that can bridge payments between two countries' currencies.

Ripple is capable of moving the Central Bank Digital Coin/Gold from one country to the next.

Is Ripple the next World Reserve Asset backed by gold? In the new Financial System, "All roads lead to Digital Gold, and Digital Gold will set us free."    CNBC

© Goldilocks

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"All roads lead to Digital Gold, and Digital Gold will set us free."

© Goldilocks

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IQD REER/NEER Exchange Rates at $1.00 USD | Youtube

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Where the U.S. Dollar May Be Headed in 2024 | Charles Schwab

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Apple Exploring 'Mobile Robot' That 'Follows Users Around Their Homes' - MacRumors

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Is The Silver Market Breaking Out? - InvestingHaven

~~~~~~~~~

Blockchain firm Ripple said it's launching a U.S. dollar stablecoin, marking an entry into the $150 billion stablecoin market. The move will pit Ripple against stablecoin giants Tether, which is behind the largest stablecoin UDST, and Circle, the issuer of USDC.   4 hours ago NBC Connecticut

👆 This is very important, and I am looking into it with some of my developer friends. It is a Historical Moment.

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Shanghai, China 🇨🇳 trading Gold at $2,368 and Silver at $29.29 an ounce | Twitter
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TABLES TURNED: Yellen Is Back To China As the US Feels Threatened by China's Manufacturers | Youtube

~~~~~~~~~

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

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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The BRICS alliance may be preparing a big announcement at the upcoming summit. In fact, with more interested nations awaiting invitations, all eyes will be on which nations will receive formal invitations to join the newly expanded BRICS+.

Nations looking to ditch the US dollar and join the growing bloc hope the summit will also include talks on enlargement.   Slobodenpecat

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MOSCOW, April 3 2024

"Russia's finance ministry said on Wednesday that it would more than double its purchases of foreign currency and gold in the month ahead, thanks in part to higher than expected income tax receipts."

Gold is an indicator of the health in a countries' economic system. In a free market system, gold is seen as a currency.

Through accumulating foreign assets, a central bank can level off the contraction in consumption following a sudden stop in capital flows.

If you have been paying close attention to what we have been talking about the last few months, you know what this article is talking about and what it means.

Russia is preparing for a currency intervention, but they are not the only country doing the same. Currency interventions are on the way, and countries are preparing for this shift.

Countries utilize this particular mechanism in resetting the values of world currencies.

Governments often try to influence their exchange rates through the buying and selling of their currencies among other countries.

Governments and Central Banks participate in these exchanges to determine a manageable exchange rate.

The accumulation of gold by various countries' Central Banks will create new values as they are exchanged to justify new price actions going forward.  Market Screener   Open Lib   Oreilly

Look out. Here we come.

© Goldilocks

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When a country buys gold, they are adding net worth to the value of their own currencies.

Through the act of trading currencies with added value to their own currencies (revenue) inside the central bank backed by gold, exchanging them with other foreign currencies solidifies new price patterns.

Foreign currency exchanges become a way of securing these new price patterns on the market and inside the banking system.

© Goldilocks

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Everyone wants to know when an RV will take place. ASK THE MARKETS.

© Goldilocks

~~~~~~~~~

Just a reminder my friends. There may be higher sources out there beyond Isaac, but we don't go until he does.

© Goldilocks

~~~~~~~~~

Chase Launches Chase Media Solutions, a New Digital Media Business, Connecting 80 Million U.S. Consumers with the Brands They Love | Chase Media

~~~~~~~~~

When MICA completes regulations on May 28th, 2024, the new Digital Economy will begin moving into real values.

© Goldilocks

~~~~~~~~~

The global bitcoin mining company will harness wind and solar energy from West Texas to expand its operations. | Bitcoin Magazine

~~~~~~~~~

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