Goldilocks' Comments and Global Economic News Saturday Evening 5-11-24

Goldilocks' Comments and Global Economic News Saturday Evening 5-11-24

Good Evening Dinar Recaps,

EUROPEAN BANKING AUTHORITY MICA ANNOUNCEMENT:

"The EBA publishes final draft technical standards under the Markets in Crypto-Assets Regulation (MICA)"

Specifically, stablecoins and tokenized assets are currently in the comment stage and ready for the white papers.

A white paper is a final document ready for implementation for business owners in an industry to utilize as a reference guideline. In this case, this particular white paper is for countries around the world to use these stablecoin and asset regulations as a guideline for creating a standardized stablecoins and digital assets they can use Globally.

Remember, Stablecoins and Market assets are a digital representation of a country's currency and the assets they pay for going forward. The standardization process of our Global currencies is currently in their final phases. EBA Europa    CorporateFinanceInstitute

© Goldilocks

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"On May 7, 2024, the European Banking Authority (EBA) published three final drafts of technical standards developed under Regulation (EU) 2023/1114 on crypto-assets, the so-called Market in Crypto-Assets Regulation (MICA), published in the Official Journal of the European Union on June 9, 2023.

With reference to the timeline for applicability of the MICA Regulation, it will be applicable in its entirety from December 30, 2024; however, the requirements set for asset-referenced tokens and e-money tokens will be applicable starting from June 30, 2024."

I know some of you look for dates and rates only, so I'm going to make the above articles more specific to those looking for important dates.

On June 30th, the digital markets and the e-money used to pay for those assets through the banking system are to be done by June 30th, 2024.   PwC TLS

© Goldilocks

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MICA activating new laws on June 30th, 2024 regarding our digital assets and stablecoins will begin the process of institutional money being moved across borders.

This will begin the process of putting price pressures on foreign currency exchange rates going forward. This does not mean we'll see those changes right away, but we will begin seeing movements of money in ways we have not seen before.

Credit valuation adjustments will be happening across the board throughout the second half of this year. Some assets will go up and others will go down. In the end all assets will be in process of finding their equilibrium inside the new digital economy.

© Goldilocks

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5 Major Banks Closing Many Locations in Idaho and Washington State | LiteOnline

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Treasury and IRS Release Final Regulations on Credit Transferability | JD Supra

On April 25, 2024, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (the Final Regulations) regarding the election to transfer energy tax credits under Section 6418 of the Internal Revenue Code of 1986, as amended (the Code), pursuant to changes authorized by the Inflation Reduction Act of 2022 (IRA). The Final Regulations update the initial proposed regulations issued on June 14, 2023 (the Proposed Regulations), discussed by Wilson Sonsini, relating to the transfer of eligible credits.

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JPMorgan Chase Implements Quantum-Secured Network | IOT World Today

JPMorgan Chase researchers have successfully implemented a high-speed, quantum-secured crypto-agile network (Q-CAN), connecting two data centers over existing fiber optic cables.

The demonstration was conducted in an air-gapped environment over 29 miles of deployed telecom fiber across Singapore and achieved 45 days of continuous operation.

Quantum-safe communication is an increasingly pressing issue as large-scale quantum computers could break the cryptography used to secure transmissions.

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This Week in AI: Digital Agents, Quantum AI and Spy Chatbots | Pymnts

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Banking Giant Wells Fargo Holds Spot Bitcoin ETF on Behalf of Clients, According To New SEC Filing - The Daily Hodl

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Senate Urged to Swiftly Overturn SEC's 'Misguided' Crypto Rules – Regulation | Bitcoin News

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US Elections: Stand With Crypto forms committee to support pro-crypto candidates | FinExtra

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🚨*Ripple CEO Brad Garlinghouse Warns About A Blackswan Coming*🚨 | Twitter

He Discusses How The US Government Is Coming After Tether.

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Goldilocks Posts are Broken Down Weekly on Saturday Nights!

TONIGHT! Saturday Night Live Call with Freedom Fighter breaking down Goldilocks Posts from this Week, with Jester too!  Come join the call and learn what is happening with the new QFS!

SNL Call Link       Freedom Fighter's Bio

9 pm EDT / 8 pm CDT / 6 pm PDT

The Saturday Night Q & A room will be open an hour before the call and remain open during the call for Questions to be answered during the call at the end!

The calls are recorded and will be posted in the Archive room after the call

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Goldilocks' Comments and Global Economic News Friday Evening 5-10-24

Goldilocks' Comments and Global Economic News Friday Evening 5-10-24

Good evening Dinar Recaps,

"The U.S. is in a dilemma about whether to upgrade the non-market economy status of Vietnam to that of a market economy."

The U.S. Department of Commerce has until late July to complete this review and decision.

A market economy would bring with it significant trade relationship opportunities.

Vietnam would become a country where supply and demand would determine prices on their goods and services.

A shift in a monetary policy such as this would bring more power back to the people and less to the government.

It would move from government intervention powers for the stabilization of their currency to incentives toward supply and demand determined by the people and the industries they promote.

A move like this tends to put price pressures on a country's currency. One of the hallmarks of a market economy would be a stronger Vietnamese Dong.

This would make imports cheaper for them and exports more expensive for other countries determining new exchange rates for all parties involved in trade.  Vietnam Briefing   HickmanMills

WATCH THE WATER.

© Goldilocks

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EU Basel 3 Standards Announcement:

"The legislative package to implement the International Basel III Standards is now adopted by the European Parliament Plenary and Council."

This is the signal for banks to move urgently towards CRR3 compliance deadlines. These mandates include Credit Risk, Market Risk, Output floor, ESG Pillar III and Reporting rules.

The new regulations will begin to shift their economy affecting trade relations around the world by these decisions.

The full implementation of EU's Basel 3 has to be completed by January 1st, 2025. This will begin to shift all economies around the world into new price pressures on everything.

"The European Union collectively has $8.1T in circulation, making it the fourth largest in the world, behind Japan ($8.9T)."

As you can see, the changes currently being made by the above two countries will have a significant impact on money flow going forward. These new changes will be in fluctuation for the rest of this year determining new price pressures on all economies around the world.   Wolters Kluwer 1   Wolters Kluwer 2   Bank of America   Linkedin

WATCH THE WATER.

© Goldilocks

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Hong Kong Market Tokenization Announcement:

"Project Ensemble is the HKMA’s new wholesale central bank digital currency (wCBDC) project to render support to the development of the tokenization market in Hong Kong."

Project Ensemble is another digital currency initiative. It is one of many pilot programs that are currently being executed in Hong Kong.

mBridge and Genesis are currently being executed inside Hong Kong. These projects will support the underlying infrastructure of the Hong Kong economy.

Project Genesis and mBridge will provide liquidity and a multi-CBDC platform developed to support real-time, peer-to-peer, cross-border payments and foreign exchange transactions using CBDCs. AFP  Bitcoin News  BIS 1  BIS 2

© Goldilocks

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Hong Kong’s Monetary Authority to replace ‘Virtual Bank’ with ‘Licensed Digital Bank’ to Boost Public Confidence | South China Morning Post
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Russia court allows seizure of $13 million of JPMorgan and Commerzbank assets | MSN

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Ripple and XRPL Labs Join Alliance to Develop Blockchain Recovery Standards – Bitcoin News

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Project Genesis 2.0 | Youtube

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Project mBridge | Youtube

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HK launches Project ‘Ensemble’ to support tokenization with wCBDC | Web3 | 3.0 TV | Youtube

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The Global Digital Currency Market is currently in pilot programs that will transition us and our currencies into real values.

This is a digital process and not a date. Stay tuned as new information develops.

© Goldilocks

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CFTC Chair Says ‘Another Cycle of Enforcement Actions’ Coming As Crypto Enters New Phase of Asset Appreciation - The Daily Hodl

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Research and Analysis - working paper: Evolution of Asia's outward-looking economic policies: Some lessons from trade policy reviews | WTO

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Goldilocks' Comments and Global Economic News Thursday Evening 5-9-24

Goldilocks' Comments and Global Economic News Thursday Evening 5-9-24

Good Evening Dinar Recaps,

"Based on the decision of the Board of Directors of this bank No. (191) of 2023, it was decided to give the mediation companies that buy and sell foreign currencies under category (C) to merge to be classified as (A) or (B) until 3/31/2024."

Do you remember this article from the CBI? I remember talking with you about this particular article and how it was a reclassification of the Iraqi dinar. There is more information that is important for us to know at this time, so I have saved it to share with you now.

Moving to an A/B from a C classification essentially means that holders of the Iraqi Dinar is now a registered security. Registered Securities are freely tradable, and they can be sold to public investors on a much more broader scale.

Banks are generally owned by stockholders. This is what forms most of the Equity Capital that comes into a bank. Our foreign currency exchange with banks helps to build liquidity for them and the markets.

Since banks are privately owned for-profit institutions, this makes our foreign currency exchange with them a private exchange.

Jester and Freedom Fighter do a "Saturday Night Live" call each week to explain the importance of getting to know your "Relationship Managers" whom will participate in your exchange at some level, and they will continue to participate in your banking success through periodic reviews of your account.

Each week, Freedom Fighter and Jester have live conversations with people who are going out to establish banking relationships that will guide them in the exchange process, and they come back to tell people what they found.

You do not want to miss these calls.

© Goldilocks
SEC
CBI
Westlaw
Connecticut Portal Department of Banking
Wise - Foreign Currency
Investopedia - Capital Markets 

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"A federal-covered security can be legally sold in a state once the proper documents and filing fee are submitted. Sales may occur on the day SEC registration is effective or when the notice filing was filed, whichever occurred last."

In other words, the Iraqi Dinar can be bought and sold as a "registered security" close to the end of May.

This article is a continuation of the first one printed today. I just simply wanted to be clear about a particular point that is of interest to all of us who hold the Iraqi Dinar.

It does not mean that we are going to exchange any foreign currencies at the end of this month, especially the Iraqi Dinar, but it will become possible. Achievable -  Finra-Series SEC Archives

© Goldilocks

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Freedom Fighter Breaks Down Goldilocks Posts today with Q & A

 Freedom Figjter breaksw down Goldilocks Posts from today 5.9.24.mp3

LISTEN HERE:

The world’s economic order is breaking down | Economist

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How is Currency Valued - Overview, History, Measurement |  Corporate Finance Institute

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Central bank business models are being forced to change as the economy digitalizes, Joachim Nagel, Deutsche Bundesbank governor, said on May 6.

“If you would have asked me 20 years ago, is the central bank model destroyable?” Nagel told the Bank for International Settlements (BIS) Innovation Summit in Basel, “I would have said no.” But, now: “I’m not so sure anymore.”   Central Banking

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Best states for taxes | Fidelity

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Lloyds collaborates with Red Hat on InnerSource engineering programme | Finextra 

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Mastercard, Citi, JPMorgan Test Ledger for Settling Bank Money | Bloomberg Law

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SEC Labels Upcoming Ripple Stablecoin Unregistered Crypto Asset |  The Crypto Basic

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A/B Exchange Offer Definition | Law Insider
An A/B exchange offer involves the exchange of unregistered, privately placed securities for SEC-registered securities. The original restricted securities, which are typically debt securities, would likely have been issued to holders in a private placement transaction.     1 day ago

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Silver Price Analysis: Silver is now probably in an uptrend | FXStreet

Silver price has probably reversed its short-term downtrend and begun a new uptrend. 

It has broken above the May 7 highs – a key sign the short-term trend has reversed. 

The possibility now exists for the precious metal to rise back up towards the $30.00 mark. 

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IBM Expands its Software Availability to 92 Countries in AWS Marketplace | DQ

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Goldilocks' Comments and Global Economic News Wednesday Evening 5-8-24

Goldilocks' Comments and Global Economic News Wednesday Evening 5-8-24

Good Evening Dinar Recaps,

A Regulated Settlement Network | 

A Regulated Settlement Network is the practical use of tokenized deposits, wholesale Central Bank money, U.S. Treasuries and other tokenized assets.

This project is being done on a shared ledger as part of the Regulated Settlement Network (RSN).

"Citi, J.P. Morgan, Mastercard, Swift, TD Bank N.A., U.S. Bank, USDF, Wells Fargo, Visa, and Zions Bancorp are participating in this pilot program."

The goal is to test payment settlements on a common regulated network. It is to witness the efficiency of coordinating existing laws through the use of simulating USD delivery versus payment transactions.

The Federal Reserve Bank of New York will be assessing this DLT Digital Ledger Technology System for incorporation inside the new digital economy. Ledgerinsights

© Goldilocks

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👆I do believe our new tokenized asset regulations through MICA and new Stablecoins will fit well inside the new regulated payment system above.

© Goldilocks

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Capital gains tax rates under Joe Biden's plan: Twitter

Georgia - 50.09%
Iowa - 50.3%
Kansas - 50.3%
Idaho - 50.4%
Nebraska - 50.44%
Maine - 51.75%
Oregon - 54.5%
Minnesota - 55.45%
New York - 55.5%
New Jersey - 55.5%
California - 57.9%

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Big money has already moved in and bought gold - Brien Lundin says investors aren't waiting | Youtube

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Ripple Vs. SEC: Sealed Remedies Reply Filed, What's Next? | Bitcoinist

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BRICS is planning to establish its own central bank to issue a new common currency.

Russia’s Deputy Foreign Minister, Sergei Ryabkov, emphasized that creating a central bank is crucial for the currency’s launch.

The project has faced challenges and complexities, especially after BRICS doubled in size. Cryptopolitan

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Geopolitics and Its Impact on Global Trade and the Dollar - Gita Gopinath | Youtube

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The Global Solar Power Boom Is Driving a Surge in Silver Demand - WSJ

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BRICS Brace for Potential International Monetary System Collapse | CoinTribune

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IQD 60-Second Iraqi News Update 5/8/24 #iraq #iqd Rate | Youtube

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CFTC Chair Predicts Tsunami Of Crypto Enforcement Actions In Next 2 Years | Bitcoinist

The CFTC Chair acknowledges the challenges of getting legislation passed but notes the momentum and desire from lawmakers to close regulatory gaps, particularly in stablecoin legislation.

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Is Ripple's XRP the Key to BRICS' New Monetary Project to Finally Ditch the US Dollar in 2024? | Crypto News Flash

Following the confirmation that the BRICS alliance is developing a stablecoin, the community is speculating that Ripple’s XRP could be leveraged. Russian Minister of Foreign Affairs confirmed that the alliance will launch a stablecoin to facilitate international transfers.

With its reputation for instant cross-border payments, Ripple could be a major player if the BRICS countries move forward with their de-dollarization stablecoin project, as hinted at by Sergei Ryabkov’s announcement.

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Will Central Bank Digital Currencies Undermine Gold's Value? | Oil Price

CBDCs pose a threat to gold's traditional role as a store of value and hedge against inflation due to their potential for increased centralization and control over individual finances.

As CBDCs are rolled out and cash is phased out, gold and silver may emerge as the primary means of transacting outside the centralized digital currency system, leading to a potential surge in their value.

Legislators are divided on the issue, with some recognizing the threat posed by CBDCs and advocating for the protection of precious metals holders, while others believe CBDCs may become inevitable despite concerns about individual freedoms and financial privacy.

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Currently, we have regulations taking place for Stablecoins, Tokenized Assets, and a Regulated Settlement System.

Think of this as paying for assets to go into your portfolio (Tokenized Assets) inside of a Banking System capable of making transactions (Settlement System) for you with the Dollar (soon to be XRP Stablecoin).

The entire QFS is now currently going through the Regulation process as we speak.

© Goldilocks

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The worst thing we could do if stablecoins are being misused around the world is to step away and not regulate them," says @SenLummis, who together with @SenGillibrand  | Twitter

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👀 This is Yuge!

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Goldilocks' Comments and Global Economic News Tuesday Evening 5-7-24

Goldilocks' Comments and Global Economic News Tuesday Evening 5-7-24

Good Evening Dinar Recaps,

For the last three and a half years, we have been talking about the new digital economy. We have talked about legislative bills and infrastructure Networks being built to support the new digital banking system.

Currently, we are witnessing several legislative bills moving through Congress today. And, we are witnessing regulations this month formulate new guidelines for this new digital economy.

Earlier this year, we witnessed Protocol 20 begin the process of expansion of networks connecting to each other inside Quantum Technological Protocols.

Payment systems will begin emerging onto the scene as each of these new tokenized assets is currently in the regulation process along with discussions in Congress to push them forward.

At this point, credit valuation adjustments will begin to occur inside the new digital asset-based trading system. The time for price discovery through the movement of supply and demand is about to make itself known.

© Goldilocks

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HEARING

Hearing Entitled: SEC Enforcement: Balancing Deterrence with Due Process | Youtube

Tuesday, May 7, 2024 10:00 AM in 2128 Rayburn House Office Building
Capital Markets Subcommittee

Click here to view the Committee Memorandum.

Click here to view the LIVESTREAM of this hearing.

Witnesses

Mr. Andrew Vollmer, Senior Affiliated Scholar at the Mercatus Center and former SEC Deputy General Counsel

Mr. Nick Morgan, President and Founder, Investor Choice Advocates Network

Professor Paul Eckert, Professor of the Practice of Law, College of William & Mary Law School

Mr. John Reed Stark, President, John Reed Stark Consulting Legislation

H.R. 6695, the "Due Process Restoration Act of 2023, to authorize private parties to compel the Securities and Exchange Commission to seek sanctions by filing civil actions, and for other purposes"

H.R. ____, to clarify what constitutes a violation of the federal securities laws for purposes of determining penalty amounts 

H.R. ____, to clarify the Securities and Exchange Act of 1934 with respect to civil money penalties and the authority to seek disgorgement

H.R. ____, to repeal the policy of the Securities and Exchange Commission set forth in 17 C.F.R. § 202.5(e)

H.R. ____, to clarify that, like with actions brought under the Securities Exchange Act of 1934, certain actions filed under the Securities Act of 1933 are required to be heard in federal court

H.R. ____  to codify the process to obtain waivers from certain disqualifications under the federal securities laws

H.J.Res. ____  , providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Reporting of Securities Loans”

H.J.Res. ____, providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Short Position and Short Activity Reporting by Institutional Investment Managers”

H.J.Res. ____, providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Further Definition of ‘As a Part of a Regular Business’ in the Definition of Dealer and Government Securities Dealer in Connection With Certain Liquidity Providers”

H J Res. ____ , providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers”

  --------------------

Take a look at this long list of legislative bills that are getting ready to be run through Congress today.

Each in some way deals with all the legislative bills we've been talking about on this channel regarding large hedge funds accounts, Exchange Act procedures, and more.

© Goldilocks

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Central banks must revise business model, embrace CBDCs — ECB member | CoinTelegraph

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RAISE-1 AI Robot Demos 49 Axes Humanoid Using This New Tech (“AGI-BOT” ANDROID, EL BRAIN) | Youtube

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The following keeps you from having to open multiple accounts up to the $250,000 limit FDIC insures.
Here is a way to protect your accounts beyond the normal FDIC caps of coverage.

Look at the following site and see what you think…LINK

If you look at their “participating banks” list, all the major players are there - WF, BofA, Chase, etc...

You can break down a list of participating banks in your state.
Your bank may just already have this available to you, check your state and bank.

Again, you don't know what you don't know.
Building relationships is key when managing wealth. 
Always be in learning mode to new opportunities when talking to those in this arena. IntraFi 

*Hint - Listen, Check, Validate and Act.

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{Economic: Al-Furat News} The Ministry of Commerce announced the holding of the meetings of the third session of the Trade and Investment Framework Agreement between Iraq and the United States of America in Washington, D.C., after a break of more than nine years, headed by the Iraqi side, the economic agent Ghassan Farhan Hamid, and from the American side, the Office of Trade Representation.

The Economic Agent for Trade said in a statement to the Ministry that received a copy of it {Euphrat News} that “the meeting discussed many axes, the most important of which are the agricultural sector, standardization, qualitative control, financial system, customs, company registration, intellectual property rights, Iraq’s accession to the World Trade Organization, the health sector and government contracts.”

He pointed out “the confirmation during the meetings that the Iraqi government is open to all parties and that economic reform and diversifying the economy are among the priorities to be worked on, and that Iraq is ready to discuss any proposal that leads to strengthening relations between the two countries.”   Search4Dinar

WATCH THE WATER

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Why Are Central Banks Buying So Much #Gold? | Youtube

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Learn about the Federal Reserve Bank of New York's gold vault | NewYorkFed

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Stellar Development Foundation Q1 2024 Report: Initiatives and Achievements Propel Growth | Crypto News

By  Zoran Spirkovski

As 2024 unfolds, the Stellar  Development Foundation (SDF) has released a comprehensive report detailing its accomplishments in the first quarter. The period was marked by significant milestones, including the launch of smart contracts on the network and a remarkable growth in asset value, reflecting Stellar’s increasing influence in the blockchain sector.

The year began with Stellar implementing smart contracts through its new platform, Soroban. This move is poised to revolutionize Stellar’s ecosystem by enhancing functionality and developer engagement. Moreover, the total value of real-world assets held on Stellar reached an impressive $533 million, underpinned by a substantial $1.6 billion in total payments volume processed this quarter. Stellar continues to offer extremely low transaction costs, averaging $0.000065, maintaining its position as a leader in cost efficiency.

Smart Contracts on Stellar: The Soroban Era
Soroban represents a significant leap forward for Stellar, providing a robust, Rust-based environment tailored for developing scalable and sensible smart contracts. This platform not only advances Stellar’s technological framework but also significantly expands its utility and appeal to developers.

The surge to $533 million in assets highlights Stellar’s growing role in financial services, especially through the tokenization of assets. This process enhances liquidity and market efficiency, presenting new opportunities for investment and asset management within the financial sector.

SDF’s efforts have been pivotal in enhancing financial inclusion, with a particular focus on facilitating access to financial services globally. The forthcoming Meridian 2024 conference, scheduled for October 15-17 in London, is set to celebrate these achievements and unveil future initiatives.

In its quest for global expansion and improved security, SDF has been actively engaging with the global community and strengthening its technological stack. A notable initiative is the Soroban Audit Bank (https://stellar.org/blog/developers/the-soroban-audit-bank-fostering-a-secure-smart-contract-ecosystem), which supports security audits for projects on Stellar, ensuring that Stellar remains a secure and reliable platform for all users.

Why It Matters: Stellar’s Strategic Vision
Stellar’s strategic initiatives are shaping a financial landscape that is more inclusive, efficient, and secure. The deployment of smart contracts and the expansion of asset tokenization are just examples of how Stellar is unlocking the potential of blockchain technology to foster a more connected and accessible financial world.

In conclusion, Stellar Development Foundation’s first quarter of 2024 has set a robust pace for the year. With smart contracts live and assets growing, Stellar is poised to further its mission of transforming the global financial landscape, making it more inclusive and efficient through blockchain technology.

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Goldilocks' Comments and Global Economic News Tuesday AM 5-7-24

Goldilocks' Comments and Global Economic News Tuesday AM 5-7-24

Good Morning Dinar Recaps,

FDIC TRUST RULE CHANGES:   As of April 1st, 2024, the maximum amount of insurance coverage for a trust fund owner with five or more beneficiaries is $1,250,000 per owner.

This is for all trust accounts including "payable on death" and "in trust for" trust accounts. Revocable, and irrevocable trusts held at the same bank are also included.

Trust fund holders can name as many beneficiaries as desired, but the coverage limit will not exceed $1,250,000 as of April 1st, 2024.

This new coverage change applies to existing and new trust accounts. It includes all deposit products including CDs regardless of purchase or maturity date.   FDIC

© Goldilocks

👆  Goldilocks pointed to this article

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Judge Torres' final ruling in Ripple Vs SEC could come this year, most probably in September. |  CoinGape

Ripple and the SEC are most likely to appeal lost motions and rulings in the XRP lawsuit.

Settlement can come any time from now to appellate court filings.
XRP price could start rallying backed by bull market sentiment.

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Shafaq News/ Iran and Iraq are poised to sign 23 cooperation agreements on energy, transportation, trade, investments, and banking, the head of Iran's investment organization, Ali Fekri said on Sunday. 

These agreements are expected to be finalized during the ongoing sixth meeting of the Iran-Iraq Joint Coordination Committee for Economic Cooperation in Tehran.

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IQD Updates & Journalism Crisis Turkey's President | Youtube

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You Won’t Believe What Nostradamus Predicted For 2024! | Youtube

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It is important to note that all of these changes happening in the banking system as it pertains to our foreign currency exchange.

For the last 20 years, many of these changes have not surfaced until now.

More changes are coming.

Stay awake.

© Goldilocks

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Swiss National Bank Says Wholesale CBDC Eliminates Barriers in Financial Markets | PYMNTS

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Ripple to Launch USD-Backed Stablecoin in June? CTO David Schwartz Hints | Crypto News

👆  Goldilocks pointed to this article

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To handle the challenges of an increasingly complex global landscape, affluent individuals and families are seeking more than just traditional investment advice from their wealth managers. What they truly want are trusted partners who can guide them through all aspects of their financial journey, encompassing their private wealth, business and everyday banking needs—both at home and abroad.  |  Forbes

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Goldilocks' Comments and Global Economic News Monday Evening 5-6-24

Goldilocks' Comments and Global Economic News Monday Evening 5-6-24

Good Evening Dinar Recaps,

"When gold is set free, so are we."

Let's take a close look at why that is. There is a strong belief that gold is no longer determined by economic prices on the market. A shift is occurring and China is in the middle of it.

Much of the gold prices as of late have been driven by the China Market buying up this particular precious metal. It is one of the requirements of the BRICS Nations in joining this alliance to trade goods and services with the backing of gold.

In other words, we have new price discoveries taking place attempting to reset the price of gold. The higher the price of gold goes, it has the ability to determine the price of the dollar going forward. When gold is the standard over the dollar, price discoveries on foreign currencies begin to shift.

Gold and the Dollar have a correlated relationship that is currently breaking down because of inflation, de-dollarization, and the purchase of gold by countries overseas.

When the price pressures on gold becomes so great, it will require new formulations of values and a reset in gold will occur. All of our tokenized assets backed by gold, our stablecoins that represents a country's currencies backed by gold, and gold itself will be free to move into a real value.

These new values will be determined by supply and demand, and not, a predetermined price set to parallel a particular World Reserve Asset. This is when we have a reset.

Here is what the final moments look like...

Paper trades in gold and silver on the COMEX Market are stopped.

When trades in paper gold and paper silver in the Futures Market come to a halt, this will enable them to adjust spot prices on physical gold and physical silver.

A slight movement upward (manually done) occurs to encourage trade. This is done over and over again until the market recognizes the new determinations and price correlations.

This is where you see chart gaps happen in the market, and they have to be filled.

Once these gaps are filled and new movement forward on gold and silver are secured, we have a reset. This will reset everything.   CME Group   NY Times
Everything.

© Goldilocks

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New Bank merger guidelines

Pdf READ HERE

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Are Real-Time Payments Near an Inflection Point? BofA Thinks So | Payments

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Banking Intel:

Commercial Lenders (Relationship Managers) are currently receiving electronic messages to sign up for Foreign Currency Training.   Street Directory  Learn   Study  

© Goldilocks

👆 By the way, Commercial Lenders are having to report for foreign currency exchange training. It is not an option. It is a requirement.

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Building a User-Friendly Interface for Central Bank Digital Currency Applications: A Case Study  | HackerNoon

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If Ripple is not a security, it is a commodity. A precious metal. And, you can currently get it for just over 50 cents.

Many of you have stated that you cannot afford precious metals. Well, you don't have an excuse now. Why would you wait for it to go up?

The case is expected to be finished in September 2024. What are you waiting for? This is not advice, but it is probably one you wished a year from now someone had given to you.    Youtube

© Goldilocks

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Comments and Global Economic News Sunday Evening 5-5-24

 Comments and Global Economic News Sunday Evening 5-5-24

Good Evening Dinar Recaps,

"Exchange gain of an individual from the disposition of foreign currency in a personal transaction is not taxable, provided that the gain realized does not exceed $200."

There you have it. So long as you do not profit more than $200 from your foreign currency exchange as an individual you do not have to pay taxes.

If you gain more than $200 on your transaction in a foreign currency exchange, you are expected to pay taxes on an individual level.

Below, you will see new regulations on Corporate gains and losses of foreign currency exchange that have been proposed and went into effect in February 2024 of this year.  

This is not tax advice. It is merely education, as always, with anything said in this room for you to check out later with your CPA.  PWC  Answer Connect 1  Answer Connect 2  Answer Connect 3  RSM US  Answer Connect 4

© Goldilocks

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Biden Administration Surrenders to China on Final EV Regulations, Weakens America’s Trade Policies - House Committee on Ways and Means

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Proposed Foreign Currency Regulations

READ HERE:

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How Forex Trades Are Taxed | Investopedia

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"If finalized, the regulations would generally be effective for taxpayers with tax years beginning on or after Jan. 1, 2025, which would end a decades-long administrative delay in the implementation of new rules. Affected taxpayers should assess their existing Section 987 methods and the potential impact of adopting the proposed regulations early."

Bottom line, please check with your CPA when you receive your money for the new laws that have been applied to foreign currency exchanges for individuals just this year.

It's better to be safe than sorry. New laws are coming into the books late last year and this year in foreign currency exchanges, and I just simply want you to not be penalized for something so many of us have waited so many years to receive.

And, if you are under a contract for this Exchange, you do not want to take the chance of having your funds clawed back. This is our only chance at this in this lifetime. Opportunities do not come like this very often.

These new regulations for foreign currency exchange could very well have been set for January 1, 2026, but it wasn't.

Are we hearing the need for foreign currency exchange regulations to be done and implemented by the first of the year in case there is a need to do something with them between now and then?   Grant Thornton

© Goldilocks

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"The international group could create an alternative currency based on their national legal tenders, according to Alexey Mozhin FILE PHOTO. © Iliya Pitalev; Ria Novosti

The BRICS group of nations could offer an alternative currency in the event of a collapse of the dollar and the international monetary system, according to Russia’s executive director at the International Monetary Fund, Alexey Mozhin."

Do you ever wonder why the Dollar Act (HR 556) is currently in the legislative books just in case the above does happen? See the link below.

© Goldilocks

BRICS should be ready for dollar collapse | AZERBAYCAN24 Congress

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Hong Kong: Introducing Spot Crypto Trading | Global Finance Magazine
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Iraq seeks more investors for mega rail project | Zawya

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Goldilocks' Comments and Global Economic News Saturday Evening 5-4-24

Goldilocks' Comments and Global Economic News Saturday Evening 5-4-24

Good Evening Dinar Recaps,

"The International Organization of Securities Commissions has also laid out its 18 recommendations for global rules on managing crypto and digital assets.

The World Economic Forum’s Pathways to the Regulation of Crypto-Assets details key regulatory developments over the past few years.

The Forum is actively working on the Digital Assets Regulatory (DAR) initiative, which analyzes outcomes of different national approaches to digital asset regulation."

Let's take this one step at a time my friends. I know so many have been hyped up by leaders pushing agendas that do not exist. When we look at the reality of what is taking place and slow down, we realize that nothing can stop what's happening because movement backward at this point is no longer an option.

Once our cryptocurrencies are fully regulated and become law, we still have Credit Valuation Adjustments that have to take place on the markets. You cannot pull these CVAs out of thin air.

These numbers come from live experiences formulating new correlations on the market based upon real demands and real supply numbers that have actual predetermined and defined actions that can be moved on the QFS.

Real World Assets based on real values in the new digital economy that are placed on Banking and Market protocols will give us standardized procedures giving us the same result Time after Time after Time.

This will eliminate room for error that has often been the place where currency manipulations have been abused. When the QFS is finished, those games are over.

Remember, the adoption of the new digital economy and their new pricing mechanisms will emerge first, I will try to update you as much as I can on these new shifts in our economy, but I am telling you they are coming fast.

We will go over the basics and overall picture in this room without going into details that oftentimes confuse many people. Let's leave the details to the technicians, and let us pray a word of gratitude for the work they are doing to change our world.

From what I can see, it is a change for the better in so many ways. We are living through a world in transition, and you may find yourself changing with it in ways you do not always notice.

If you are living in this day and age, you were meant to do so. Please take the time to understand the world you are living in going forward. It will keep you from being lost in a world that was meant and designed to provide you with a huge blessing.

Please be open to change, and even, changing your own preconceived ideas based upon previous knowledge that has either been changed or designed to misinform you.  European Sting

(https://www.weforum.org/publications/pathways-to-crypto-asset-regulation-a-global-approach/) 

Just know, that the road ahead was never promised to be an easy one, but it was meant to be worth it.

© Goldilocks

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URGENT NEWS Old News Yet Urgent CBI Meeting | Youtube

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Iraqi Ministry of Oil exports first shipment of Propane gas - Shafaq News

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Central Banks Buy Record Gold Bullion Tonnage Q1 2024 | Youtube

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Which Industries Lost Jobs, Which Gained Jobs: Longer-Term Employment Trends in Charts | Wolf Street

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The Institutions Are Coming: The Dawn Of A New Era At This Year’s MicroStrategy World — Bitcoin For Corporations Conference - Bitcoin Magazine 

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A floating rate is determined by the open market through supply and demand on global currency markets.

"Leveling the playing field" in all currencies does not mean they will all be the same price.

Therefore, if the demand for the currency is high, the value will increase. If demand is low, this will drive that currency price lower.    Investopedia

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Top 5 Precious Metals Companies of 2024 |  GoldiraHoldings
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TONIGHT on Saturday Night Live Call, Freedom Fighter and Jester will break down Goldilocks Posts from this past week.

9 pm EDT / 8 pm CDT / 6 pm PDT

JOIN the call HERE

Ask Questions to be answered on the call HERE starting at 8 pm ET.

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Goldilocks' Comments and Global Economic News Friday Evening 5-3-24

Goldilocks' Comments and Global Economic News Friday Evening 5-3-24

Good Evening Dinar Recaps,

From Iraq:

"...of floating to achieve a homogeneous equilibrium exchange rate..."

This article talks about utilizing supply and demand to create a higher exchange rate to meet the demands for their currency currently taking place.

The global standard for raising a currency's price is 3 months. Iraq has reached a higher level of money velocity for the last 16 months.

This is putting price pressure on their currency. Currently, they are seeking more bilateral contracts to secure a position that would allow them to change their monetary policy.

Currently, "The General Directorate for Industrial Development (GDID), part of the Iraqi Ministry of Industry and Minerals, has granted 219 preliminary licenses for new industrial projects."

An industrial project is an investment to create, expand, and develop facilities that will increase the production of goods and services in a country.   Mawazin News   Iraq Business News

© Goldilocks
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"New OTC Derivatives Reporting Regime Goes Live in the EU"

The European Market Infrastructure Regulation (EMIR) is an EU regulation programmed to reduce systemic counterparty and operational risk has gone live in Europe.

The Derivatives Market is now being required to be more transparent than ever before in the reporting of the assets they exchange between parties.

The OTC Derivatives Market does include foreign currency exchanges. Our exchanges will be more transparent going forward and much safer.  Mondo Visione   EY  
© Goldilocks

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MICA is currently giving us a digital framework by regulating current prices on the new digital economy. They are also securing our new digital economy as well as many other facets of the QFS.

It is a Government Intervention on assets across all sectors of the market. Below is a brief summary of the overall picture.

Some of our assets are overinflated while others are way undervalued such as foreign currencies in the eastern half of the world. Regulations will help level the playing field going forward.

Governments can regulate the price of assets such as fiat currencies through buying and selling actions (supply and demand) in international markets.

And, they can create regulations as we are seeing now to control excessive enthusiasm for an asset class that correlates with the cost of doing business.

Price controls keep assets from being pushed up in price through a group of people manipulating its price pressures through speculation.

The overall purpose of regulating the new digital economy will be to allow utility to drive the price through supply and demand bringing our assets into real values across every sector of the market.
Esma Europa   Investopedia

© Goldilocks
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We are beginning to see more projects coming into play that focus on the infrastructure needs of countries.  Base22

This will create sustainable financing for the new digital economy.

© Goldilocks

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New Challenges for the Bering Strait | USNI 

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"There’s so much going on in the international currency markets right now. I stopped riding the guru roller coaster a while ago because it’s just not healthy. But you have to be blind not to see what even the mainstream media is revealing about issues central to our speculation in currencies. We are close. But no one knows the day. So spend this time preparing yourself so that when you get to your appointments you are ready for them, and your life to follow. "  Bob Lock  Bob Lock Telegram room 

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Russia Finalizes Draft Law on Cryptocurrency Mining Regulation | Coin Market Cap

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FIA urges CFTC to regulate use cases rather than AI itself - FinanceFeeds

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Aif Regulations: Sebi allows AIFs to pledge shares in invested cos in infra sector |  ET BFSI

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What Is Infrastructure? | Youtube

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MESSAGE FROM SAM OLIVER ON GOLD IN PROCESS

LISTEN HERE:

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Gold paper & physical markets finally disconnect - here's why | Youtube

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100% CERTAIN: Huge Gold & Silver News from China & Russia - Simon Hunt | Youtube

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Project Raven, launched by the BIS Innovation Hub Nordic Centre, aims to create a new solution to help authorities comprehensively assess the cyber security and resilience maturity readiness of their countries' financial systems. | BIS

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Thank you Dinar Recaps

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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