Goldilocks' Comments and Global Economic News Thursday Evening 5-2-24

Goldilocks' Comments and Global Economic News Thursday Evening 5-2-24

Good Evening Dinar Recaps,

Advisor to the Prime Minister, Amer Al-Adad, confirmed that Al-Sudani succeeded in digital transfer in banks.

Al-Adad said, in a televised interview followed by Mawazine News, that “the Sudanese government is currently working on developing our proposal to form private “digital banks” that will do the work of government banks, in addition to many proposals to advance the Iraqi banking reality.”

He added, "The "knowledge economy" project developed by the government of Muhammad Shiaa Al-Sudani depends on information technology and cybersecurity, pointing out that government banks have problems in systems, governance, and human resources."

He pointed out that "the current government is working to train employees on the ASYCUDA system at the ports in order to increase the employees' expertise and ease of work, stressing that Sudanese has many reforms, including digital transformation in banks.     Search4Dinar

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Iraqi Banks go Digital:

"His advisor: Al-Sudani succeeded in digital transfer in banks"

This is really good news for our investment. The Iraqi banks are now capable of digital transfers. When Iraq regulates their digital economy after MICA is finished (5-28-24) and Stablecoins become law on June 30th, 2024, we will begin looking toward credit valuation adjustments across the globe.

The difference this time around is that Iraq will be included. We still have to see what that means when we get to Q3. There will be many assets being refactored into the new economy after these dates. Mawazine News

© Goldilocks

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“AI Day” Agenda Announced for May 2 CFTC Technology Advisory Committee Meeting | CFTC

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BRICS Announcement:

"According to Anatoly Aksakov, Chairman of the Russian State Duma Financial Market Committee, talks on how the new currency will work have started and an agreement may be reached by the end of this year."

The plan is for this currency to be supported by gold, various precious metals, and other assets.

The purpose is for the BRICS Nations to be able to trade with one another and no longer have to deal with US sanctions on their currencies.   VOI

© Goldilocks
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"The coming months will probably see financial institutions such as sovereign wealth funds, pension funds, and endowments start to trade in the spot ETFs, Mitchnick said in an interview."

Institutional money is beginning to trade within spot Bitcoin ETF. This will provide continuous liquidity and a use-case scenario for Bitcoin. The days of Bitcoin going to zero are fading away rapidly.

This will provide a use case scenario for Bitcoin and solidify a foundational framework for the new digital economy to expand from going forward.   CoinDesk   Investopedia

© Goldilocks
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Institutional money is beginning to come into the new Digital Economy.

© Goldilocks

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We are currently witnessing the beginning stages of institutional money providing liquidity for a new digital infrastructure.

At the same time, there is a move to provide a regulatory process for our new tokenized assets. The ability to pay for these new tokenized assets will come with the new Stablecoin law.

We are witnessing some of the final touches being placed on the new QFS.

© Goldilocks

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OKX Partners with Bitcoin Asia to Offer Bitcoin Ordinal Ticketing for Flagship Conference in Hong Kong | FinTech Futures

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Japan is one of the most active jurisdictions for tokenization and digital securities. Today the Tokyo Metropolitan Government announced a subsidy for security token issuances. | Ledger Insights
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The European Sting is Your democratic, independent, and top-quality political newspaper specialized in European Union News. Unique Features: iSting & Harry StingThe European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - European sting.comEU and Japan advance joint work on digital identity, semiconductors, artificial intelligence. European Sting

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EBRD launches new digital transformation facility with TEB loan | EBRD

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CNBC,

Stress Tests Reveal Hundreds of U.S. Banks at Risk Due to Loans and Rate Hikes Hundreds of small and regional banks in the U.S. are under financial stress, with 282 facing significant risks from commercial real estate loans and the effects of higher interest rates.

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Oh Deary, Where Did my Rate Cuts Go? Fed’s Wait-and-See Now Entrenched? And Suddenly Lots of Talk about “Rate Hikes” | Wolf Street

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Still, dozens of small banks merged into larger ones as lenders on both sides of deals pursued scale to better manage costs, diversify business lines and expand geographically. Banks announced 99 M&A transactions in 2023 , according to updated S&P Global Market Intelligence data.   Mar 15, 2024  |  American Banker

👆 Do you remember over 3 years ago when we first started our journey together talking about Bank Mergers, and how, we would see this near the end game?
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What happens when your banks are betting on your wealth? | Youtube

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Goldilocks' Comments and Global Economic News Thursday AM 5-2-24

Goldilocks' Comments and Global Economic News Thursday AM 5-2-24

Good Morning Dinar Recaps,

"CFTC Approves Final Rule Amending the Capital and Financial Reporting Requirements of Swap Dealers and Major Swap Participants"

The Commodities Futures and Trading Commission has been fast-tracking this rule through as of late. They even went so far as to do this Final Rule in-house to avoid it taking any longer than it had to take otherwise.

When it comes to money/foreign exchanges, everything is reported to Uncle Sam. This Final Rule for Swap Dealers to report Capital gains of Swap Dealers and Major Swap Participants is in the process of going inside the Federal Register.

The effective date of this rule that will enable us to exchange with Swap Dealers is 30 days from publication inside the Federal Register. This puts us close to the end of May when we will first be able to exchange if everything is completed by that time with "technological operability" and laws that govern the process of Foreign Currency Exchanges.   CFTC

© Goldilocks

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Pretty soon, you're going to hear me start talking about CBDCs. This does not mean that I am a fan of that particular coin, it's just the reality of where we are going. And, I am committed to letting you know exactly what is going on with the new digital economy.

Like it or not, CBDCs will be a part of it at the very least on the wholesale level. The retail level remains to be seen. If it does reach the retail level, it will have to meet new private policy laws.

That being said, I see the making of CBDCs on the retail level coming out years from now if at all. Cross your fingers and hope that Stablecoins are all we need.

© Goldilocks

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Fed Meeting Today: Interest Rates Decision Due; Watch Powell's Speech |  Barrons

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The Dow has lost 5.00% the last 4 weeks. It looks like we're going to lose some more ground going forward.

We talked about these adjustments taking place about a month ago. I shared with you that we had three to five weeks to go through a downturn inside the markets.

Hopefully, the bleeding will stop this week going into next week, but the fundamentals are not looking good.

The FOMC meeting is today. So far, I am hearing that a cautious approach may lead to no interest rate changes at best. The actions today will determine the reactions of traders moving forward on the market.

© Goldilocks

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Federal Register Announcement:

The Commodity Futures Trading Commission (Commission or CFTC) is amending its swap execution facility (SEF) regulations related to uncleared swap confirmations, and making associated technical and conforming changes. | Federal Register

👆  Goldilocks pointed to this article

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Foreign Currency Exchange Tax Issues | Small Business

If your company exchanges currency at a profit, it must pay tax on the gains it realizes from the transaction.

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If Treasury Bonds Hit 5%, You're Gonna See Some Serious Sh*t | Zero Hedge

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FOMC Press Conference May 1, 2024 | Youtube

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The Fed keeps rates on hold.
   - No interest rate changes at this time.

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Ripple XRP - IMF CONFIRMED MIND-BLOWING FOR XRP... Brad Garlinghouse (Best Crypto To Buy Now 2024) | Youtube

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Goldilocks' Comments and Global Economic News Tuesday Evening 4-30-24

Goldilocks' Comments and Global Economic News Tuesday Evening 4-30-24

Good Evening Dinar Recaps,

Department at the Central Bank of Iraq and the Association of Private Banks organized the activities of the Arab Financial Inclusion Week at Al-Muthanna University - College of Management and Economics, in cooperation with the International Labor Organization.

The events included a seminar to introduce financial inclusion, a lecture on electronic payment and digital inclusion, as well as various lectures on financial stability, financial education, and the green economy project, in addition to concessional financing services for young entrepreneurs and businessmen.

It is noteworthy that these activities come within the Financial Inclusion Week, which began on April 27 and continues until May 2, with the aim of enhancing financial awareness and promoting financial inclusion in Iraqi society.  https://cbi.iq/news/view/2560   Central Bank of Iraq   Information Office   30 - April - 2024

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Emerging Markets Banking Announcement:

Burke joins MarketAxess as Global head of Emerging Markets

29 April 2024

Dan Burke will be responsible for the development and execution of business strategy for the EM business in both hard currency and local markets.

MarketAxess Holdings Inc. (MarketAxess) is an international financial technology company that operates an electronic trading platform for the institutional credit markets,[2] and also provides market data and post-trade services.[3] It enables institutional investors and broker-dealers to trade credit instruments, including corporate bonds, and other types of fixed income products.[4]  Asset Servicing Times  Market   Axess   Wikipedia

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Crypto ETF Announcement:

Hong Kong begins trading ETFs tomorrow.

Bitcoin ETF and Ethereum ETF

They expect to have better trading volumes than the US on the first day.

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"FIATA International Federation of Freight Forwarders Associations announces the release of the Key Trade Documents and Data Elements (KTDDE) report, by the International Chamber of Commerce Digital Standards Initiative (ICC DSI), to which FIATA was a key contributor."

Freight Forwarders are intermediaries between companies who make products and the final destination for those goods. Freight Forwarders direct various transport options such as sea/ocean freight, rail freight, road transport, and air freight shipment.

We learned yesterday that the digital standardization of what we are talking about in this brief article has been completed. Today we learn, there are 36 key trade documents that are needed to be standardized inside the international trade ecosystem.

This includes the cross-border paperless trade tool kit. It is a tool kit providing information for the World Trade Organization and the United Nations Commission on International Trade Law.

This gives the World Trade Organization who is currently deciding weighted percentages on trade values for the Global Nation. This information will go a long way in determining exchange rates for countries around the world.

Digitizing and Standardizing the new Global Trading mechanisms for the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) will go a long way in leveling the playing field for Global trade.   AJOT   DVS   Tax - Thomson Reuters

WATCH THE WATER.

© Goldilocks

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"As China's big banks pull back from financing Russia-related transactions, some Chinese companies are turning to small banks on the border and underground financing channels such as money brokers - even banned cryptocurrency - the sources told Reuters."

In order to keep some of China's very profitable institutions afloat. China and Russia are going underground with Brokers and small banks near the border utilizing digital payments as their source.

Crypto payment exchange is part of this new shift in trade with Russia and China because of the sanctions that are being placed on Russia by the US.

This is only driving the push toward a new digital economy forward at a rapid pace. These new avenues of payment sources are giving more reasons for China and Russia to de-dollarize their financial system and move toward a Level Playing Field in trade with each other.  TBS News

© Goldilocks

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Mass adoption for the XRP Ledger has begun in Japan. This move will give Japan much more breathing room for the Yen.

XRP will provide a liquidity source that can replace the dollar in currency exchange for that country going forward and others who trade with them using the new digital asset-based trading system.

A move like this will give them less reliance on Swift and more reliance on The XRP Ledger and XRP Stablecoin to move their money digitally.

Now, we can expect the dedollarization process to speed up in Japan as they begin the process of selling their dollars for gold.  Coin Telegraph

© Goldilocks

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LONDON (Reuters) - "Regulators must equip themselves with tools such as "bail-in" bonds to deal quickly with a failed clearing house for stocks, bonds or derivatives without having to call on taxpayers for cash, the G20's risk watchdog said on Thursday."

We have never seen this in our lifetime. The danger of Clearing Houses, those who move our money, failing to do so because of a lack of money on both sides of a trade.

And, we are being told that it will not be taxpayers that make up the difference in these losses, even though, inflation is a form of tax that has been confiscated from people around the world to probably make up the difference in these losses.   😉

Ripple and Ripple Ledger is beginning to be activated in some major countries at this time that will move some of these Clearing House transactions to The XRP Ledger.

This is why we will see challenges in the movement of money for a period of time as Clearing Houses transition some of the movement of money into Wire (Digital) Houses going forward. Finance Yahoo Investopedia

© Goldilocks

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Electronic Transfer Vs Wire Transfer: How They Work | Stax Payments

We are transitioning from the movement of money through wirehouses to electronic transmissions of money.

This is where the new digital economy will be taking over the traditional ways of moving money.

Electronic movement of money is far more efficient and faster than traditional modalities.

Part of the transition into this new transmission of money will create some backup logs in the old system.

My understanding is the QFS has been running side by side with the old system to coordinate and catch the inevitable snags that may come our way.

© Goldilocks

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French Hill, a prominent Republican member of the US Financial Services Commission, has expressed his willingness to support combined legislation linking cannabis banking to stablecoin regulation, pending negotiations. | Cryptodnes

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New Research from Material and NewtonX Reveals Shifts in Digital Ad Spending and Social Media Strategies

New insights show how advertisers and agencies are succeeding and spending in an era of advertising targeting, social media and AI    BusinessWire

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Dollar Dominance: America's Power Pivot | Youtube

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Russia gives mixed signals about common BRICS digital currency - Ledger Insights - blockchain for enterprise

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Bank of Japan launches CBDC API Sandbox, publishes digital yen report - Ledger Insights - blockchain for enterprise

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URGENT & BREAKING NEWS Iraq Vietnam  How to Buy ZiG Zimbabwe | Youtube

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Distributed Ledger Technology (DLT) Explained | Youtube

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Ripple and Hashkey DX Partner to Boost Blockchain Supply Chain Solutions in Japan – News Bytes Bitcoin News

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Uphold Fees & Limits | Uphold Help Center

Hi yeah I know it is sad ,

We wanted to let you know that we’ve increased the deposit and withdrawal limits that apply to your Uphold Wallet.

Don’t worry, there’s nothing for you to do. Please see the changes below:

Deposits (Daily and monthly limits have been removed)

ACH Micro-deposits:
Weekly deposit limit: $2,000 
Limit per deposit: Increased from $500 to $2,000

ACH Plaid:
Weekly deposit limit: $10,000 
Limit per deposit: Increased from $500 to $10,000

Cards/APMs:
Maximum limit per deposit: $15,000
Weekly limit: $15,000

Withdrawals (Monthly limits have been removed)

ACH Plaid & ACH Micro-deposits
Daily withdrawal limit: Increased from $10,000 to $25,000

Debit Cards:
Weekly withdrawal limit: $5,000 
For more details, please refer to our FAQs.

Thank you,   Team Uphold

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👆Something has changed...

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Why Do Banks Have Limits and Holds? - Grasshopper

These regulations not only help to keep the bank financially safe but protect you as well. For example, if you were to experience fraud, withdrawal limits are in place to prevent hackers from being able to remove all the funds from your account. 

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This is just a speculation and don't hold me to it, but I suspect new regulation security measures have just been placed on the QFS to allow such freedoms.

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Stellar Development Foundation Quarterly Review: Q1 2024 | Youtube

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Goldilocks' Comments and Global Economic News Monday Evening 4-29-24

Goldilocks' Comments and Global Economic News Monday Evening 4-29-24

Good Evening Dinar Recaps,

How EU’s ‘complete mess’ on stablecoin regulation risks delistings with MiCA deadline approaching

"Experts worry that the regulations are so onerous and confusing that they will drive out some stablecoins starting on June 30 when the laws kick in."

On June 30th, 2024, Stablecoins and Cryptocurrency Regulations will become law. At that time, we will have a digital economy capable of running the banking system and the markets.

This is when we are going to see utility drive the new digital market in these new digital assets. It will move the prices of these assets into real values.

Market values will move to fundamental correlations based upon supply and demand bringing in new prices on every sector of the market. This includes the Forex Market where Stablecoins will represent them.

At that time, credit valuation adjustments will begin the process of floating values up or resetting their values entirely.   | CoinStats

© Goldilocks
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"A Treasury buyback is a purchase of United States Treasury debt by the Treasury and subsequent cancellation of that debt."

My understanding is that the United States is buying back its own debt from bonds that have been on the books for a long time. It could move to some of the short-term debts if needed.

These Treasury Bonds can provide liquidity due to the fact they are bought and sold in a pre-sale event of their maturity date canceling that debt instrument and providing liquidity for the markets.

This move will help manage debt objectives by holding the US dollar at a stable rate to prevent trade deficits taking place with the exchange rate of the dollar among other countries.

This is a form of currency intervention for the US dollar to keep it at a stable foreign exchange rate. This is happening because many countries are beginning to sell their dollars for their own currencies, but this is a temporary fix.

The inevitable is happening my friends, and moves like this give us an idea that a Level Playing Field in currency markets are growing close to a Global Currency Reset.  Morning Star   TreasuryDirect

Watch the water.

© Goldilocks

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"Zimbabwe bid farewell to its old Zimbabwean dollar notes on Friday, marking the transition to the new gold-backed Zimbabwe Gold (ZiG) currency."

This is the first day that Zimbabwe is using their new gold-backed currency. This will shift their monetary policies.

No references have been made that they are backing their bonds by gold at this time. More on this at the end of the article...

Their trading mechanisms will shift into free trade agreements between countries. Supply and demand trades will do away with tariffs and put the countries they trade with on a Level Playing Field.

Using gold as a means of exchange for equal value trades, rather than, uneven weighted values through tariffs will make their trading partnerships far more appealing going forward.

Special note: All we have been told is that their currencies are being backed by gold, but we have heard nothing about gold backing their bonds or historical bonds yet.  ReportFocusNews  C Bonds

Watch the water.

© Goldilocks

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BRICS Eye Stablecoin Launch To Reduce The Influence Of The US Dollar — Will Ripple's XRP Be Utilized? ⋆ ZyCrypto

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De-dollarisation gains traction among Brics | Khaleej Times

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BRICS makes headlines with new expansions – Here’s where and who |  Cryptopolitan

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Austin, Texas-based start-up Episode Six is banking on Hong Kong demand for virtual payments, SME lending | SCMP

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International Trade Announcement:

"The International Chamber of Commerce’s Digital Standards Initiative (DSI) has completed the mammoth task of attempting to find common digital data standards for a raft of widely used trade documents."

The Digital Standards Initiative (DSI) is the International Governance Board that is currently setting standards for international trading relationships around the world.

They are telling us they have completed this all-encompassing set of Global Standards. This will be applied to their new digital bills of lading that will determine new price correlations on cargo ships moving products around the world.

These new price correlations will be tokenized assets that hold a weight of gold in their determining price for movement.

Credit Valuation Adjustments are now becoming possible in 80% of our trades around the world that determines, through supply and demand, new exchange rates that will be forthcoming. GT Review   Investopedia    PackageX

WATCH THE WATER.

© Goldilocks
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The Iraqi Dinar | Youtube

👆  Goldilocks pointed to this article

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Printing error makes $1 banknotes worth $150,000 each — check yours | The News

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Here’s How EU Nations Are Preparing to Enforce MiCA | Coin Desk

European Union member states are gearing up to enforce MiCA, the landmark crypto law that requires national regulators to license and supervise service providers.

MiCA is an EU-level regulation but nations can implement slightly different technical standards, which crypto firms should follow closely, policy watchers say.

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Goldilocks' Comments and Global Economic News Sunday Evening 4-28-24

Goldilocks' Comments and Global Economic News Sunday Evening 4-28-24

Good Evening Dinar Recaps,

Evidence Suggests Stablecoins Are Emerging as a Worldwide Asset Class | Globe Echo 

Stablecoin adoption is rapidly increasing, with research firm rwa.xyz reporting a 15% increase in the number of addresses holding both dollar and crypto-pegged stablecoins in 2024. Chainalysis also found that stablecoins are becoming more prominent in overall on-chain transaction activity, with increasing importance in various nations and regions.

Stablecoins, cryptocurrencies with values pegged to an external reference like the U.S. dollar, have represented over half of all on-chain transaction volume, highlighting their growing importance in the cryptocurrency market.

The adoption of stablecoins is being propelled by their ability to provide anyone with an internet connection access to the U.S. dollar, unlocking new pathways for financial inclusion. The U.S. leads in stablecoin purchases, but global demand is high, with over $40 billion purchased in March alone across diverse nations and regions.

 Stablecoins are serving as a critical bridge between traditional finance and cryptocurrency, with the stablecoin market currently valued at around $150 billion and expected to exceed $2.8 trillion by 2028.

The stablecoin market has become more competitive, with Ripple announcing plans to launch a USD-backed stablecoin on the XRP Ledger. This move is expected to generate more use cases, liquidity, and opportunities for developers, as well as provide additional crypto liquidity to service cross-border payments demand.

Stablecoins like PYUSD and Tether are being used for cross-border payments, remittances, and facilitating transactions in regions such as Latin America and the Caribbean, promoting dollar dominance and increasing access to U.S. dollars.

The growing demand for stablecoins has prompted lawmakers to focus on stablecoin legislation, with proposed regulatory frameworks aimed at maintaining the U.S. dollar’s dominance, promoting responsible innovation, protecting consumers, and combating money laundering and illicit finance. Legislation such as The Lummis-Gillibrand Payment Stablecoin Act seeks to establish a regulatory framework for payment stablecoins, requiring issuers to maintain one-to-one reserves and prohibiting unbacked, algorithmic stablecoins.

 This legislation, if passed, could accelerate institutional blockchain innovation and drive stablecoin adoption.

Despite the potential impact of stablecoin legislation on adoption, experts believe that stablecoins will continue to rise as a global asset regardless of regulations. Stablecoins provide a crucial solution for individuals in countries facing currency volatility, offering stability and facilitating commerce.

While regulations may provide more comfort for institutions using stablecoins and potentially bring banks into the stablecoin market, stablecoins have already surpassed all other types of cryptocurrencies in usage and represent over half of all transaction volume in recent months.

Overall, the adoption of stablecoins is on the rise globally, driven by their ability to provide access to the U.S. dollar, promote financial inclusion, and facilitate cross-border payments. Stablecoins are becoming increasingly important in the cryptocurrency market, with their market value expected to grow significantly in the coming years.

While stablecoin legislation may influence adoption in certain regions, experts believe that stablecoins will continue to play a crucial role in the cryptocurrency ecosystem and serve as a bridge between traditional finance and digital assets.
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How China is fueling gold’s record rally with unrelenting demand, Central Bank’s buying spree | Upstox

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Vietnam expected to become e-commerce powerhouse in Southeast Asia | Nhan Dan Online

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A SHORT STORY ABOUT TRUTH - an inspirational video | Youtube

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TRANSFORMING "E-COMMERCE with #tokenization | Twitter

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The Central Bank of Iraq's $600 Million Troubles IQD VND Rates & News | Youtube

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Goldilocks' Comments and Global Economic News Saturday Evening 4-27-24

Goldilocks' Comments and Global Economic News Saturday Evening 4-27-24

Good Evening Dinar Recaps,

CFTC to Hold a Commission Open Meeting April 29. On April 22, Chairman Rostin Behnam announced the Commission will hold an open meeting on Monday, April 29 at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters. The Commission will consider Final Rule “Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants” and Final Rule “Adopting Amendments to the Large Trader Reporting Rules for Futures and Options.”

👆The above meeting has been canceled, and the CFTC has decided to speed up the process in moving this through the system inside a  Commission’s seriatim process.

The Commission's seriatim process is the process by which the Commission takes collective action without convening a meeting of the Commissioners.

So, the capital and reporting requirements for swap dealers and participants along with adopting amendments to the large trader reporting rules for Futures and Options have been moved to the Final Rule.

Final Rule is the implementation phase of the legislative process, so it doesn't look like we're going to wait until May 13th for this to move into the implementation stage.  CFTC  Gibson Dunn   SEC

Yes, this is regarding our ability to exchange Foreign Currency.

© Goldilocks
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"Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments."

National Bank of Iraq and Temenos have partnered together to transition the Iraqi Banks from Legacy Systems to a Unified Core Banking and Payments Platform.

Core Banking is the back-end processing of transactions including deposits, loans, and credit processing.

This integration will streamline operations and accelerate product development for customers across the Capital Bank Group. The Capital Bank Group globally connects Iraqi banking systems.

Temenos digital products are adaptable and scalable that will allow them to work inside an Open Banking System. This new upgrade will allow Iraq to trade with Global Financial Institutions around the world.   Fintech Global   HCL Tech    Temenos

© Goldilocks
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When Gold & Commodities Explode, Currencies Implode w/ Bill Holter | Youtube

When gold and other commodities explode to the upside, currencies begin to collapse within themselves.

This is when credit valuations begin to be measured and implemented based on new price patterns developing on the market. It is a result of old calculations and correlations falling apart.

Here, we will see currency interventions take place after the de-dollarization process provides a bridge to the new digital gold standard economy.

© Goldilocks
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The Federal Deposit Insurance Corporation on Friday said that Republic First Bank has been closed by Pennsylvania state regulators, in what the FDIC said was the first US bank failure this year. | CNN

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Air Zimbabwe Embraces ZiG Currency | Pindula

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House and Senate race to approve stablecoin legislation as interest rises | Kitco   

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Chinese Investment Gold Demand Soars - Numismatic News

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HKMA Proposes Revisions to E-banking Risk Management Requirements | РИСК-АКАДЕМИЯ - АНО ДПО ИСАР |  Regulation Asia

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WASHINGTON — The G7 Cyber Expert Group completed a cross-border coordination exercise on 17 April 2024. G7 authorities routinely exercise to ensure they can effectively coordinate and communicate their response in the event of a widespread cyber incident affecting the financial system. | Treasury Press Release

👆  Goldilocks pointed to this article
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Spot Crypto ETFs Set To Begin Trading in Hong Kong Next Week: Report | Daily Hodl

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4/27/2024 MissiOkie's husband Charlie passed. He was in peace and so is MissiOkie. Please pray for MissiOkie and the family. God Bless

MissiOkie is the Seeds of Wisdom Team Coordinator!
Seeds of Wisdom Team Prayer Room Link 

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Basel Committee on Banking Supervision Announcement:

"BCBS will also publish new proposed guidelines for banks in the coming week on counterparty credit risk management."   Capital

😔 More on this tomorrow...

© Goldilocks
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The IMF's Warning to the United States- How US Overspending Affects Gold & Crypto  | Youtube

👆 Do you see how inflation is pushing people like you and me into gold and crypto adoption?

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👆 more on this tomorrow ...

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Taxing Unrealized Gains Would Obliterate The U.S. Economy | ZeroHedge

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Franklin Templeton launches Ethereum ETF, listed on DTCC | CoinTelegraph

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DTCC rules out collateral for Bitcoin-linked ETFs | CoinTelegraph

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Follow Goldilocks' Roadmap

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Goldilocks' Comments and Global Economic News Friday Evening 4-26-24

Goldilocks' Comments and Global Economic News Friday Evening 4-26-24

Good Evening Dinar Recaps,

MICA Announcement:

"This summer, the first part of the EU’s MiCA Regulation will come into effect. Financial institutions (FIs) that are currently engaged in or exploring crypto assets will need to make operational adjustments."

Markets in Crypto Assets (MICA) are finally coming to the final stages of completion for the QFS. Financial institutions seeking to participate on the new Digital System will be going through a regulatory process.

These MICA Regulations that will come to a conclusion on May 28th, 2024 in Europe will create a crypto-asset white paper. This white paper will report and create a set of guidelines for all countries to follow going forward in building their Quantum Technological Regulations

Financial institutions around the world will have until December 2024 to integrate their Quantum Technologies to the new Digital Asset Based Trading System. At that time, the new QFS will be operational Globally.

Here is what will be worked on between now and the end of the year:

* how financial values are stored and transacted (stablecoins)
* Movement from T+1 to T+0 instant payments in cross-border transactions
* Reducing counterparty risks
* Counteracting payment frauds

Many Credit Valuation Adjustments will be taking place between now and that time when the Global Currency Reset will come into play.

This is it folks. I know no one wants to hear this at this time. Yet, we are working with the United States, Europe, and the BRICS Nations aligning themselves with payment systems and tokenized assets that will govern our new Global Economy.

It's been a long journey, but we are in the final stages. And, it is important that we pay close attention between now and Christmas to changes that can possibly move up these banking timelines.

As far as currencies are concerned, they will need to begin shifting at some point between now and Christmas. They may come as a float, become volatile, partial revaluation in some countries, but I expect final prices on these currencies or complete revaluations to come late to early next year.

There are three phases to this final process. I will be helping you to understand where we are as we move to each stage. The first two have to be done by Christmas. The last one is a continuation of the first two that has more to do with reporting procedures than payment processes.

In the meantime, we will clearly have Digital Assets moving into real values. This first RV is at the beginning stages of development right now.

You would do yourself a favor to find a good friend who understands what cryptos are going to be used in the next Financial System. You will be glad that you did.   EY

© Goldilocks

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SEBI Announcement:

"SEBI Proposes Framework for Price Discovery of Investment Companies"

Between now and the end of the year, SEBI has recommended that our new tokenized assets go through what is called a price discovery.

Securities and Exchange Board of India has made the above recommendation for their financial markets. In reality, this is what will be taking place around the world as well.

Price Discovery is when the markets synchronize their new price actions or correlations with each other based upon supply and demand.

Supply and demand recognize price actions that correspond with assessments on companies and those who buy their products' actual ability to pay for items on the market.

In other words, we are about to go through what is called fair market valuations. This will include all sectors of the market including Forex.    Indian Express    IG

© Goldilocks

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IBM to buy HashiCorp in $6.4 billion deal to expand in cloud

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A MESSAGE FROM SAM OLIVER ON SILVER

LISTEN HERE:

~~~~~~~~~

Franklin Templeton Announces Availability of Peer-to-Peer Transfers for Franklin OnChain U.S. Government Money Fund | Business Wire

These Franklin Templeton assets that are tokenizing US Treasuries will have a correlating effect on gold and other commodities.

The tokenization of US Treasuries through Franklin Templeton Digital Assets will have their connection to the commodity sector giving them real values going forward.

This will be part of the credit valuation adjustments that will be taking place in the months ahead to give new price action adjustments on a new economy.

Everything is being tokenized, and within each of these tokens will be a corresponding commodity to give it a real price value for the QFS able to compute and regulate real-world assets.

© Goldilocks

👆 We are witnessing our markets transform into a new digital economy.

~~~~~~~~~

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

© Goldilocks

~~~~~~~~~

Stellar The New Star: Analyst Predicts $0.47 Price Target | News BTC

~~~~~~~~~

Interior Department Implements Reforms in Federal Oil and Gas Leasing Regulations | The Presidential Prayer Team

"These are the most significant reforms to the federal oil and gas leasing program in decades, and they will cut wasteful speculation, increase returns for the public, and protect taxpayers from being saddled with the costs of environmental cleanups,” said Secretary Deb Haaland. “These reforms will help safeguard the health of our public lands and nearby communities for generations to come.”

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Kalp Foundation Partners with Router Protocol to Facilitate Cross-Chain Interoperability of Real-World Assets |  CXO Today

~~~~~~~~~

Q1 GDP Report Preview: What the Data Could Tell Us About the U.S. Economy | InvestorPlace

~~~~~~~~~

Law of Supply and Demand in Economics: How It Works | Investopedia

~~~~~~~~~

Jim Willie: 20 Reasons For Gold Price Breakout | Youtube

~~~~~~~~~

IBM to buy HashiCorp in $6.4 billion deal to expand in cloud, Telecom News, ET Telecom

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Fed seeks 8,000 financial institutions for FedNow | Banking Dive

~~~~~~~~~

Granting waivers on Iranian oil only emboldens the ayatollahs | The Hill

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Gold Could Hit $40,000 Per Ounce – Here’s How! | Lynette Zang Youtube

~~~~~~~~~

"National Bank of Iraq goes live with Temenos core banking and payments"

Will they work with Ripple? Probably...

More on this tomorrow...

© Goldilocks

~~~~~~~~~

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Goldilocks' Comments and Global Economic News Thursday Evening 4-25-24

Goldilocks' Comments and Global Economic News Thursday Evening 4-25-24

Good Evening Dinar Recaps,

China's Payment Regulations Announcement:

On December 9, 2023, Chinese Premier Li Qiang signed Decree No. 768 of the State Council.

The People's Bank of China is giving us a look at their implementation rules for their new payment regulations.

It covers risk management, e-commerce, faster mobile and computer payments, connections between central depository institutions, banking systems, monetary policies, guidelines, management of payment rules between Financial institutions, and various types of accounts.

After implementation, these new regulations will be sent to Clearing House Institutions for Network inclusion and compliance directives to enforce this new payment system.  This decree is China's regulations on the Supervision and Administration of Non-Bank Payment Institutions.

A non-bank entity provides similar services to a bank, but they do not hold a banking license. This merges the new Digital Economy with the Traditional Markets and Banking System inside our new digital economy.   Peoples Bank of China

It will go into effect on May 1, 2024.

© Goldilocks

~~~~~~~~~

Japan is the fourth-largest export market and trading partner of the United States with a 68 billion trading deficit.

Why this partnership is so important comes of its connection to US Dollars held within their accounts to support the Yen.

Japan is giving an imminent warning that they are going to have to prop up their currency by intervening into the markets.

This means they will be selling their dollars that they have bought over the years to support the Yen from continuing to fall in its price.

As the yen begins the process of leveling the playing field between the price of the dollar against the yen, it will begin to affect the global markets as well.

This move will cause trading deficits and appreciation with other countries around the world as the Yen begins to rise in its price.

Eventually, the move toward more reliance on their Basel 3 compliant policies over the dollar will stabilize the Yen as these temporary measures go into effect.

As we have spoke of recently in this room, we are moving into credit valuation adjustments. This is going to be a big one because of so many trading contracts take place between the US and Japan.

Volatility in the currency markets are about to begin, and they will end with the stabilization of all currencies based upon real values connected to them through gold.

If you think the recent actions to regulate and place laws on Stablecoins is a coincidence, you might want to look again.   Reuters 1   Reuters 2   Trade

© Goldilocks

~~~~~~~~~

This Louisiana Man Collected Over Half a Million Pennies in 45 Years | ABC News

I wish he would have sold it to an exchange center instead of a bank. Can you imagine how much he really lost on this exchange.

Copper is now a critical mineral and a global shortage metal. Know what you hold my friends. Know it's worth.

A wise investor explores exchange options.

👆4.49 per lb×2800 lb of copper= $12,572

The above is copper's current actual worth. The bank gave this man...$5,136. He lost over $7,000 on this deal.

Do your own research my friends.

© Goldilocks

~~~~~~~~~

👆 Can you imagine how much this man would have had if he waited until next year to sell his copper? So sad.

~~~~~~~~~

Nonbank Financial Institutions: What They Are and How They Work | Investopedia

~~~~~~~~~

Stablecoin News: Top Democrat Predicts Imminent Deal On Stablecoin Regulation | Coingape

~~~~~~~~~

Stablecoin Bill Could Be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg

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Venezuela demands oil purchases to be paid in #USDT to Bypass U.S Sanctions 🤨 | Twitter

~~~~~~~~~

What are the Bretton Woods 3 institutions? | UN

* International Monetary Fund (IMF)
* International Finance Corporation (IFC)
* Multilateral Investment Guarantee Agency (MIGA)
* The World Bank.
* The World Trade Organization (WTO)

~~~~~~~~~

Ripple to Use Stablecoin for US ODL Customers, Not XRP | The Crypto Basic

~~~~~~~~~

A new web3 network is being built right now that wants to end Big Tech’s control of your data | Tech Crunch

~~~~~~~~~

Navigating The Generative AI Divide: Open-Source Vs. Closed-Source Solutions | Forbes

~~~~~~~~~

Mannarino Market Risk Indicator

The Dow Index has lost over 3.82% the past 4 weeks. We talked about the Markets moving down for the next three to five weeks almost a month ago. How am I doing so far?

© Goldilocks

~~~~~~~~~

China's March net gold imports via Hong Kong up 40% from Feb | Zawya

~~~~~~~~~

Book of Zephaniah Summary: A Complete Animated Overview | Youtube

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👆 Sound familiar? It should, what we are going through is a Biblical prophecy. 

~~~~~~~~~

Meaning: Hidden by God.

Zephaniah is a masculine name of Hebrew origin that means "hidden by God." This is a biblical name shared with minor prophets in the Hebrew Bible and its meaning is symbolic of God's protection.

~~~~~~~~~

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

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

Good Evening Dinar Recaps,

I see two things that have to happen before we see an RV on our paper money. Gold has to be able to withstand anything that is thrown at it, and the QFS has to be completed my friends.

We are looking at the CFTC being able to take us in soon, BUT as they have said in their own words yesterday:

“as soon as technologically practicable.”

Going forward, connections to those who are actually creating the system in the field of technological development are the people who provide us with real Intel.

Everything else, is just simply getting the word around that everything is done and secondary intel.

What is going on behind the scenes in technological advancement is our path forward. The old world has passed away and all things are becoming new.

Let me introduce to you the new World Reserve Asset going forward. Ripple is the new dollar. When Ripple is set free backed by gold, so are we.   The Banker

© Goldilocks

~~~~~~~~~

US to take aim at Chinese banks aiding Russia war effort — WSJ - BusinessWorld Online

👆 Can you see how this is pushing the digital economy forward and new payment system especially in the east?

© Goldilocks

~~~~~~~~~

BRICS weighs in on using stablecoins in settlements, Russian official says | Crypto News

~~~~~~~~~

US Senate Introduces Stablecoin Regulation Bill | The Crypto Times

~~~~~~~~~

Crypto ETFs Make Great Headlines, But Stablecoins Are Key To Mass Adoption | Forbes

~~~~~~~~~

Spring Meetings 2024 Wrap Up: Despite mounting crises, persistent lack of political will to match rhetoric with action remains - Bretton Woods Project

~~~~~~~~~

Message from Freedom Fighter on Iraq's RV Process 2024-04-24

LISTEN HERE:

👇Reposted from this morning:

CBI Banker in Iraq Contact:

Dee and I just finished a conversation with our CBI Banker in Iraq with ties to the Foreign Remittance Department.

Iraq is currently increasing the amount of Gold they hold that will support their currency.

Iraq is encouraging people to use a debit (Visa & Master) Card as much as possible, so they can get used to becoming a cashless society.

As far as a rate is concerned, they are looking to move from 1,310 to 1,000 soon.

Many new agreements have been signed with other countries to increase the demand for their currency as of late.

He expressed that they still need more goods to sell to increase their money velocity.

Iraq has not moved to a position of removing the three zeros on their currency just yet.

It was mentioned that they are still working with their Foreign Corresponding Bank to complete their banking reforms this year.

© Goldilocks

~~~~~~~~~

Iraq is telling us on the CBI website that they are meeting their Financial Inclusion Requirements.

G20 has standard guidelines for what this means.

"Financial inclusion is measured in three dimensions: (i) access to financial services; (ii) usage of financial services; and (iii) the quality of the products and the service delivery."  https://cbi.iq/news/view/2552

© Goldilocks

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G20 Set of Financial Inclusion Indicators.pdf

READ HERE:

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RIPPLE XRP SEC CASE COULD END VERY SOON $20 XRP COULD BE NEXT!  |  Youtube

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Russian court orders seizure of $440m from JPMorgan | Luxembourg Times

~~~~~~~~~

Ripple vs. SEC: Trial Resumes as Crypto Industry Braces for Impact | Finance Magnates

~~~~~~~~~

Indonesia Releases Exports of Moringa Leaves, Coconut Charcoal to Asia and Europe - News En.tempo.co

~~~~~~~~~

Russian court orders seizure of $440m from JPMorgan | Luxembourg Times

~~~~~~~~~

Gold Price Today Will Look Different Soon | Youtube

~~~~~~~~~

Two SEC attorneys resign after ‘gross abuse of power’ sanctions | Banking Dive

~~~~~~~~~

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

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

Good Morning Dinar Recaps,

Recently, gold has found its own path. It is becoming increasingly bold in determining its own path.

There have been recent attempts to short the market in gold, and there just doesn't seem to be anything powerful enough to do it.

Gold has awakened into a life determined by real fundamentals unlike anything else on the market.

Our tokenized assets and Stablecoins will be supported by a commodity of real value going forward, and nothing seems to be able to stop it from realizing its potential going forward.  Schwab

© Goldilocks

~~~~~~~~~

MESSAGE FROM FREEDOM FIGHTER ON THE COMMODITY EXCHANGE ACT

LISTEN HERE:

~~~~~~~~~

CBI Banker in Iraq Contact:

Dee and I just finished a conversation with our CBI Banker in Iraq with ties to the Foreign Remittance Department.

Iraq is currently increasing the amount of Gold they hold that will support their currency.

Iraq is encouraging people to use a debit (Visa & Master) Card as much as possible, so they can get used to becoming a cashless society.

As far as a rate is concerned, they are looking to move from 1,310 to 1,000 soon.

Many new agreements have been signed with other countries to increase the demand for their currency as of late.

He expressed that they still need more goods to sell to increase their money velocity.

Iraq has not moved to a position of removing the three zeros on their currency just yet.

It was mentioned that they are still working with their Foreign Corresponding Bank to complete their banking reforms this year.

© Goldilocks

~~~~~~~~~

Institutional Digital Assets: The Future of Finance Is Here | CoinDesk

~~~~~~~~~

SEC Lawyers Resign After Judge Sanctions the Regulator for 'Gross Abuse of Power' – Legal Bitcoin News

👆  Goldilocks pointed to this article

~~~~~~~~~

Institutional Digital Assets: The Future of Finance Is Here | CoinDesk

~~~~~~~~~

SEC Lawyers Resign After Judge Sanctions the Regulator for 'Gross Abuse of Power' – Legal Bitcoin News

👆  Goldilocks pointed to this article

~~~~~~~~~

"CFTC Approves Final Rules on Swap Confirmation Requirements for Swap Execution Facilities (SEFs)"

These rules go into effect 30 days after they have been placed in the Federal Register. "An essential component of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) is its framework for the regulation of swaps, including central clearing and trade execution requirements, registration and comprehensive regulation of swap dealers, and recordkeeping and reporting requirements."

The final rules amend CFTC Regulation 37.6(b) to require such confirmation to take place “as soon as technologically practicable.”

We have two things holding us back at this point in moving forward with the newly amended and final rules of swap executions on Securities such as Foreign Currency.

1) This amendment and final rule has to go to the Federal Registry which doesn't take long.

2) This new amendment can be implemented as soon as "technologically practicable.”

Yes, as soon as the QFS is completely finished. Stay tuned, this room will keep you updated on QFS developments as they are happening each and "every day" as we have done for the last 3 years. CFTC 1 CFTC 2   Investopedia

© Goldilocks

~~~~~~~~~

RIPPLE XRP TO DOMINATE OVER $454 TRILLION🚨WAKE UP NOW | Youtube

~~~~~~~~~

HEDERA HBAR HOLDERS TODAY WE MADE HISTORY! | Youtube

~~~~~~~~~

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Goldilocks' Comments and Global Economic News Tuesday Evening 4-23-24

Goldilocks' Comments and Global Economic News Tuesday Evening 4-23-24

Good Evening Dinar Recaps,

"HANOI (Bloomberg): Vietnam’s central bank said it sold dollars to some banks, intervening in the foreign exchange market as the currency fell to a record low."

Today, Vietnam did a currency intervention. They sold some of their dollars to some banks. Let's take a look at why this move was made and why it makes sense.

Vietnam is currently applying for the BRICS system. The need to hold dollars in trade going forward does not make as much sense anymore. It would make more sense to hold the trading currency of the BRICS system that will carry enough weight to justify new Dong rates going forward.

At the same time, the BRICS Nations have a requirement that Nations who join them own gold. Gold increases the net worth of a country's own currency, and backing in Gold will enable Vietnam to trade under a Gold Standard.

You will notice in an article below that Vietnam has begun buying more Gold.

Currently, Europe and the US carry a lot of weight in trading values through the WTO. China and other countries who are part of the BRICS system are edging up to near-similar levels of trade that will equate the US and Europe.

This will level the playing field for countries such as Vietnam, and it makes sense for them to begin dumping their dollars for currencies inside the BRICS Nations and Gold.

Holding these new reserves in the BRICS Nations will allow Vietnam to raise the value of their currency through new trading mechanisms inside the new digital economy and more holdings in Gold.

The Star   RT Business   Investopedia1   JP Morgan  Investopedia2  The Investor VN  Vietnam Investment Review 

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

© Goldilocks

~~~~~~~~~

The Commodities Futures Trading Commission has issued an announcement.

The CFTC is extending the comment period for new rules being applied on the swap execution facilities.

This affects the DCMs in Part 37 and 38. The Designated Contract Markets are boards of trade (or exchanges) that operate under the regulatory oversight of the CFTC.

"The proposed rule was published in the Federal Register on March 19, 2024. It had a 60-day comment period scheduled to close on April 22, 2024."

The following is what was considered in yesterday's meeting.

"Final Rule: Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants

Final Rule: Adopting Amendments to the Large Trader Reporting Rules for Futures and Options"

May 13th, 2024 is the deadline for this comment period. At that time, we will be able to move forward with the final rules on executing foreign currency exchange swaps.  The final rule is the implementation phase.  CFTC1  CFTC2  CFTC3  CFTC4   Federal Register    Investopedia    CFTC5

© Goldilocks

~~~~~~~~~

A new round of sanctions are being applied to Venezuela and their oil economy.

This article speaks of Venezuela moving to other payment methods such as cryptocurrencies as preferred payments.

This will shift payments from the dollar to new digital asset opportunities for this country.

It is a growing trend and opportunity for countries who wish to exercise their Sovereignty going forward. Reuters

© Goldilocks

~~~~~~~~~

"Therefore, trading of foreign currency futures contracts, or options thereon, is lawful if it occurs on designated contract markets or derivatives transaction execution facilities."

* Designated Contract Markets (DCM)

* Derivatives Transaction Execution Facilities

Please ask if the facility you are trading at is one of the two above-approved designated exchange facility.

It will not be a legal facility to exchange your currency in unless it is. By the way, a bank is a designated facility that encompasses both of the above criteria and requirements.   CFTC

© Goldilocks

~~~~~~~~~

👆One more thing, these designated facilities (banks) do have 1-800 #s.

Just look on the back of your debit card or call your bank if you have any further questions.

~~~~~~~~~

Jim Willie: 'Gold's The Safe Haven When There's No Escaping The Debt Default' | Youtube

~~~~~~~~~

The BRICS economic union is currently in the process of creating a single financial system in 2024 to facilitate trade within the bloc without using the US dollar.

Such an idea would be crucial to the implementation of the BRICS plans. Specifically, the effect of its de-dollarization would be greatly enhanced by a financial system that brings together the possibilities of using digital currencies. Moreover, it increases pressure on the dollar, which the US has already assured will not get a digital counterpart.    Crypto Dnes

~~~~~~~~~

Kremlin says Russia and China have almost abandoned the dollar in trade

Russia and China have almost completely abandoned the US dollar in their mutual settlements, and more than 90% of transactions between the two countries are now carried out in their national currencies. | UNN

~~~~~~~~~

The Copper Supply Shortage Is Here | SchiffGold

👆 Keep saving those copper nickels and pennies...

~~~~~~~~~

The movement from brick and mortar sales continue to melt down as the online sales for the same merchandise is continuing to climb. | Wolf Street

~~~~~~~~~

Vietnamese furniture products introduced at Milan Design Week - EIN Presswire

~~~~~~~~~

Vietnam to have opportunities from digitalisation, green transformation: IMF | VOV VN

~~~~~~~~~

Factors influencing Vietnam’s FMCG market | VOV VN

~~~~~~~~~

Vietnam surpasses India, Thailand to become Singapore’s top rice supplier - VnExpress International | VN Express 

~~~~~~~~~

Billionaire-Owned Media Has Gone Full Throttle to Save Fellow Billionaire, Jamie Dimon |  Wall Street on Parade

~~~~~~~~~

Copper pennies at $3.00. Right NOW? | Youtube

👆  Goldilocks pointed to this article

~~~~~~~~~

MESSAGE FROM SAM OLIVER ON COPPER

LISTEN HERE:

~~~~~~~~~

Generative A.I. Arrives in the Gene Editing World of CRISPR   |  The New York Times

~~~~~~~~~

A new legislation to regulate stablecoins filed in the US Senate may benefit the issuers as reported by investment banking firm TD Cowen.  | Crypto Times

👆 more on this tomorrow...

~~~~~~~~~

  ‘‘Lummis-Gillibrand Payment Stablecoin Act’’  

LIP24254.pdf CLICK HERE

~~~~~~~~~

~~~~~~~~~

Ripple Offers to Pay SEC Penalty For XRP | Youtube

~~~~~~~~~

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