Goldilocks' Comments and Global Economic News Sunday Evening 5-12-24
Goldilocks' Comments and Global Economic News Sunday Evening 5-12-24
Good Evening Dinar Recaps,
Breaking: Ripple CEO Brad Garlinghouse on SEC Lawsuit, Crypto Predictions, XRP Victory | CoinGape
If you think that cryptocurrency is not part of the Presidential race this year, you might want to think again. The population is watching very closely on how Congress deals with our new digital economy.
At the end of June, our Markets in Crypto Assets and Stablecoins are about to become law. We have some coins that just simply won't cut the mustard after that date.
These new regulations becoming law will set directives on their use and their value going forward. Gold and other Commodities will back these tokenized assets and stablecoins that are going to be backed with enough gold and other commodities to keep these digital currencies at a stable value to represent their countries' currency.
Quite simply, unless you hold a digital asset that is part of the new QFS, you may find some of your assets being either banned or just simply going away.
Goldilocks' Comments and Global Economic News Sunday Evening 5-12-24
Good Evening Dinar Recaps,
Breaking: Ripple CEO Brad Garlinghouse on SEC Lawsuit, Crypto Predictions, XRP Victory | CoinGape
If you think that cryptocurrency is not part of the Presidential race this year, you might want to think again. The population is watching very closely on how Congress deals with our new digital economy.
At the end of June, our Markets in Crypto Assets and Stablecoins are about to become law. We have some coins that just simply won't cut the mustard after that date.
These new regulations becoming law will set directives on their use and their value going forward. Gold and other Commodities will back these tokenized assets and stablecoins that are going to be backed with enough gold and other commodities to keep these digital currencies at a stable value to represent their countries' currency.
Quite simply, unless you hold a digital asset that is part of the new QFS, you may find some of your assets being either banned or just simply going away.
At the end of June, utility case digital assets will begin to drive the market over speculation, and the cryptocurrencies that survive going forward will have a purpose.
This could cause a Black Swan Event temporarily in the markets as new Tokenized Assets become adopted on a massive scale. Every sector of the market will begin feeling the pressures of movement into a real value in the second half of this year.
Ripple will begin to move assets across borders near and far. It will begin creating a level of competition with the dollar and other currencies, but the ability to level off Currency Market opportunities will commence at that time.
Ripple will be the common currency used to make currencies around the world have a real chance at going to a real value based on demand and supply backed by commodities. CoinGape
WATCH THE WATER.
© Goldilocks
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US House Committee set to address regulatory issues over digital assets through review of FIT21 Act | FX Street
The House Committee on Rules publicly announced intentions to address digital asset regulatory issues.
Financial Innovation and Technology for the 21st Century Act would be reviewed to better address the state of digital assets.
Billionaire Mark Cuban says that crypto is the way to win the votes of younger and independent Americans.
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Vietnam welcomes US consideration of market economy's status for VN | VietnamNet
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Vietnam: Market-economy status shouldn’t require a ‘perfect score’ | InsideTrade
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📈 Facing Today's #stagflation Reality | Youtube
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Uphold CEO On XRP, ODL & Mass Adoption! | Youtube
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FYI: I only post in this room, and people are welcome to take any information out of this room to other places.
I do not post outside of dinar land, but I have seen this information throughout the internet inside professional business venues.
This is a free gift to the group of people that I am a part of and always will be.
© Goldilocks
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Leading European bank to halve oil and gas exposure by 2025 | Offshore Technology
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Standard Chartered Bank to fund green Chinese firms in Africa-Xinhua | English News
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Scaling AML compliance with AI to prepare for the next black swan event | BAI
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Economist’s “News and Views” Sunday 5-12-2024
NOT GOOD: Europe’s JUNE CUT Signals Major Economic Danger For The US
Sean Foo: 5-11-2024
The ECB has signalled they are cutting rates in June, but this isn't good news. It's admission that Europe's economy is weak and it's time to goose up the system again.
This is bad news for the Fed because rate cuts might not even come in 2024.
Staying higher for longer is pushing the US over the cliff and by the time the cuts come in, it might already be too late. Here's what you must know!
NOT GOOD: Europe’s JUNE CUT Signals Major Economic Danger For The US
Sean Foo: 5-11-2024
The ECB has signalled they are cutting rates in June, but this isn't good news. It's admission that Europe's economy is weak and it's time to goose up the system again.
This is bad news for the Fed because rate cuts might not even come in 2024.
Staying higher for longer is pushing the US over the cliff and by the time the cuts come in, it might already be too late. Here's what you must know!
Timestamps & Chapters:
0:00 ECB's Deadly June Cut
3:14 US Economy "A House Of Cards"
5:39 Cuts Signals Recession RISK
8:10 US Consumer Sentiment Collapse
10:52 The Fed Is Trapped
MARKETS A LOOK AHEAD: Is $20,000 GOLD Possible? Let's Talk About It...
Greg Mannarino: 5-12-2024
CHINESE Yuan Knocked Down EURO: Who is next?
Fastepo: 5-12-2024
As of April 2024, the Chinese yuan continues to hold its position as the world's second-most used currency in SWIFT trade settlements surpassing Euro, maintaining a significant share of 5.8% of international payments since September 2023.
This status underscores China's growing economic influence and its strategic moves to internationalize its currency, aligning with its broader geopolitical and economic goals, including engagements within the BRICS bloc.
The rise in the yuan's usage in global finance is attributed to several factors, including China's extensive trade networks and increased acceptance of the yuan in trade finance, particularly in regions experiencing economic volatility.
The yuan's role as a trade and reserve currency has been strategically bolstered through bilateral agreements and the establishment of currency swap lines with various central banks worldwide.
Overall, the yuan's ascent in the rankings of global currencies is a reflection of China's advancing economic stature and the international community's increasing confidence in engaging with its currency for global trade and finance transactions.
In this video, we'll delve into the current dynamics of two major currencies: the Chinese Yuan and the Euro.
We'll explore the strategic initiatives that China and the European Union are implementing to shape the future of their currencies.
Additionally, we'll discuss how China's involvement in the BRICS alliance has bolstered its position in the global trade arena.
And finally, in the video, we will compare digital currency developments in China with those in the European Union, examining how each is advancing their digital currency initiatives.
More News, Rumors and Opinions Sunday Afternoon 5-12-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 12 May 2024 Compiled Sun. 12 May 2024 12:01 am EST by Judy Byington
Apparent Timing of Operation Storm and the Global Currency Reset: (RUMORS)
Wed. 1 May: The Global Currency Reset of 209 countries (Allegedly) began.
Fri. 3 May: Iraq (Allegedly) celebrated their financial inclusion in the Global Financial System. Columbia, Brazil, Chile Paymasters began RV-ing.
Sat. 4 May: Foreign Currency Exchange Regulations were (Allegedly) completed.
Mon. 6 May: Wells Fargo(Allegedly) gave the Green Light for the Global Currency Reset.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 12 May 2024
Compiled Sun. 12 May 2024 12:01 am EST by Judy Byington
Apparent Timing of Operation Storm and the Global Currency Reset: (RUMORS)
Wed. 1 May: The Global Currency Reset of 209 countries (Allegedly) began.
Fri. 3 May: Iraq (Allegedly) celebrated their financial inclusion in the Global Financial System. Columbia, Brazil, Chile Paymasters began RV-ing.
Sat. 4 May: Foreign Currency Exchange Regulations were (Allegedly) completed.
Mon. 6 May: Wells Fargo(Allegedly) gave the Green Light for the Global Currency Reset.
Sat. 11 May: Multiple sources including the US Treasury said that Tier4b (us, the Internet Group will (Allegedly) begin currency exchanges and Zim Bond redemption.
On Tues. 28 May 2024 US (banks?) will be (Allegedly) transitioning it’s T+2 Equity Cycle to T+1 which will have a significant impact on operating financial models across the World. Moving to a 1 day settlement will impact markets not just in the US but globally as well where the velocity of money will double in speed.
Global Currency Reset:
Judy Note: No information has been received about Tier4b (us, the Internet Group) start of the Global Reset exchange and redemption appointments. The last we heard was that everyone was prepared to have them begin this weekend.
Fri. 10 May 2024: Zimbabwe’s Economic Renaissance: Pioneering the Gold Rush with BRICS Alliance and Gold-backed Currency – American Media Group (amg-news.com)
Read full post here: https://dinarchronicles.com/2024/05/12/restored-republic-via-a-gcr-update-as-of-may-12-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 This [new green 1000 fil note] is not a "lower note"...it falls under the category of fils. What does that mean? ...It takes 1,000 fils to make 1 dinar. What does that mean? It means the monetary reform is successful. It's brilliant! ...it is cheaper to print paper than it is to mint coins...They are not minting coins right now...these are called fils but they're in paper form...
Mnt Goat In Mawazine News – Baghdad an article tells us that the Central Bank Governor Al-Alaq, on Thursday, announced the progress of a plan supported by the GOI to change the map of the banking sector and its reality in Iraq. WOW! This could be really BIG! Let’s see how this shakes out.
Peter Schiff and Steve Hanke Debate Inflation, Debt Crisis, Dedollarisation
David Lin: 5-12-2024
Steve Hanke, Professor of Applied Economics at Johns Hopkins University, joins Peter Schiff, Chief Market Strategist of Euro Pacific Asset Management, to debate their inflation outlook, causes of inflation, future of monetary policy, economic growth outlook, and interest rates.
0:00 - Intro
1:47 - Inflation outlook
18:35 - Fed monetary policy
29:00 - Causes of inflation
36:40 - Economic growth outlook
52:50 - Investment implications
55:10 - Dedollorization
56:55 - Bond yields outlook
59:50 - Bitcoin
1:00:56 - Peter Schiff
1:02:06 - Steve Hanke
“Tidbits From TNT” Sunday 5-12-2024
TNT:
Tishwash: Al-Sudani confirms Iraq's readiness to hold the next conference of the Arab Network in Baghdad
Prime Minister Muhammad Shiaa Al-Sudani received, this Sunday morning, the Secretary-General of the Arab Network for National Human Rights Institutions, Sultan bin Hassan Al-Jamali, and his accompanying delegation.
The meeting witnessed, according to a statement by the Prime Minister’s Office, a copy of which {Al-Furat News} received, “discussion of the human rights file, the work of local, regional and international organizations in this field, and a review of the development witnessed by the Iraqi legal and constitutional environment, in ensuring the rights of individuals and groups and general civil rights.” .
During the meeting, the Prime Minister affirmed, “Iraq’s readiness and welcome to hold the next conference of the Arab Network in the capital, Baghdad, as part of the government’s efforts to create the general climate for the work of human rights institutions and organizations, and to hold conferences and development workshops that support their activities.”
TNT:
Tishwash: Al-Sudani confirms Iraq's readiness to hold the next conference of the Arab Network in Baghdad
Prime Minister Muhammad Shiaa Al-Sudani received, this Sunday morning, the Secretary-General of the Arab Network for National Human Rights Institutions, Sultan bin Hassan Al-Jamali, and his accompanying delegation.
The meeting witnessed, according to a statement by the Prime Minister’s Office, a copy of which {Al-Furat News} received, “discussion of the human rights file, the work of local, regional and international organizations in this field, and a review of the development witnessed by the Iraqi legal and constitutional environment, in ensuring the rights of individuals and groups and general civil rights.” .
During the meeting, the Prime Minister affirmed, “Iraq’s readiness and welcome to hold the next conference of the Arab Network in the capital, Baghdad, as part of the government’s efforts to create the general climate for the work of human rights institutions and organizations, and to hold conferences and development workshops that support their activities.”
The statement added, "The meeting also witnessed a review of the current events in the Gaza Strip and the continued aggression against our Palestinian people, the human rights violations that violated all international moral standards, and the role of the international community, with its human rights and legal institutions and organizations, in stopping these organized crimes." link
Tishwash: Iraq is the largest producer.. OPEC+ is pumping higher than scheduled and in anticipation of the June meeting
OPEC+ crude oil production decreased by 210 thousand barrels per day on a monthly basis, to 41.04 million barrels per day last April.
This came according to a survey conducted by S&P Global Commodity, as Russia began implementing a deeper production cut amid a series of Ukrainian drone attacks on its refineries.
However, this decline is unlikely to be enough to calm tensions over compliance, with Russia failing to meet its target, and Iraq and Kazakhstan continuing to produce quantities well above their quotas, according to the survey.
However, this decline is unlikely to be enough to calm tensions over compliance, with Russia failing to meet its target, and Iraq and Kazakhstan continuing to produce quantities well above their quotas.
The two countries exceeded excess production by nearly 1 million barrels per day in early 2024, and committed to compensate for this between May and the end of December 2023, and these plans were adjusted depending on future production and OPEC+ policy decisions based on the data.
Iraq and Kazakhstan continued to produce beyond quotas, despite their pledge to compensate for their surplus production in early 2024.
As for the June meeting, the production data for last April will be the talk available to OPEC+ ministers when they meet to determine production levels, and analysts expect the group to extend the current quotas and voluntary cuts.
Iraq produced above its quota last April, when production reached 4.24 million barrels per day, a decrease of only 4%, compared to the previous month, which amounted to 4.28 million barrels per day. Thus, it produced above its quota by 240 thousand barrels per day. link
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Tishwash: Al-Sudani: Dozens of international companies compete to invest wealth in Iraq
On Saturday, Prime Minister Muhammad Shiaa Al-Sudani sponsored the ceremony of announcing licenses for the fifth supplementary round and the entire sixth round, which includes a total of 29 projects for oil and gas fields and exploratory blocks, distributed among 12 governorates, as these strategic projects will contribute to increasing investments in those governorates, which will help... Improving its economic and service reality.
Iraq expects to obtain more than 3,459 million standard cubic feet per day of gas, and more than one million barrels of oil per day, through these two rounds.
In a speech he delivered during the ceremony, according to a statement by his media office, Al-Sudani welcomed representatives of Arab and foreign companies, praising the efforts made by the Ministry of Oil, which is the beginning of greater efforts and opportunities that will be reflected in every aspect of our national economy.
He also expressed his appreciation for the efforts made by the relevant agencies and ministries, which resulted in creating the appropriate environment for launching these projects.
The Prime Minister referred to the government program that devoted a wide scope to the government’s vision of achieving the slogan (towards optimal investment of oil and gas), by adopting a new policy in investing oil wealth. He also stressed the commitment of the government and all state institutions to work away from bureaucracy and complex routine, in order to Facilitating the business and investment environment.
The statement summarized the highlights of the Prime Minister’s speech:
The expected revenues must be used to advance the rest of the economic fields that our people are waiting for.
Iraq is a difficult number in the world's energy and oil wealth equation.
Our goal is to invest this wealth, starting with ending the burning of associated gas, which will stop within 3-5 years, and stopping the devastating environmental effects of this process.
We are heading to invest our oil production and transform it into petrochemical manufacturing industries.
Our goal is to convert 40% of oil production over the next 10 years into oil products.
Free gas investment, which is being implemented through the sixth round, is the most important investment for this idle wealth.
We are proceeding with integrated oil projects, which have been announced, and are being discussed with companies regarding them.
The establishment of a fixed gas platform in the Grand Al-Faw Port, together with the development road project, which includes an oil and gas transportation line, will establish a new situation for Iraq in the operating energy market.
The Ministry of Oil worked to prepare for these tours, through workshops and meetings with consultants.
We have dozens of international companies competing to invest wealth, and this is evidence of Iraq's increasing interconnectedness with the global economy.
We have initiated real reforms in tax, customs, and banking reform, to complete the ideal investment environment for the work of oil companies.
We direct the Ministry of Oil to formulate this policy and rush strongly without hesitation to develop optimal plans for investing wealth, and you will find full support from the government and the House of Representatives.
We will not pay attention to obstructive voices, and we stress the Ministry of Oil to take confident and expressive measures.
We call on investing companies to begin their tasks as soon as possible.
We were keen to distribute the projects in more than one governorate. To achieve the broadest development in all governorates of Iraq. link
Mot: . Seeeeeeeeeeeee - Told Ya!!!
Mot: ........ sorry
Mot: . whats its All about
News, Rumors and Opinions Sunday Morning 5-12-2024
KTFA:
Frank26: "BILLIONS FOR THE ECONOMIC REFORM... EQUALS A NEW EXCHANGE RATE."........F26
Al-Sudani launches a package of new service projects in Babylon
5/9/2024
Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani launched a package of new service projects in Babil Governorate worth (1,276,740,000,000) dinars.
Al-Sudani’s media office said in a statement received by {Al-Furat News}, “Prime Minister Muhammad Shia’ al-Sudani, during his visit to Babil Governorate, today, launched a package of new service projects worth (1,276,740,000,000) dinars.”
He added, "The projects include:
KTFA:
Frank26: "BILLIONS FOR THE ECONOMIC REFORM... EQUALS A NEW EXCHANGE RATE."........F26
Al-Sudani launches a package of new service projects in Babylon
5/9/2024
Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani launched a package of new service projects in Babil Governorate worth (1,276,740,000,000) dinars.
Al-Sudani’s media office said in a statement received by {Al-Furat News}, “Prime Minister Muhammad Shia’ al-Sudani, during his visit to Babil Governorate, today, launched a package of new service projects worth (1,276,740,000,000) dinars.”
He added, "The projects include:
-Integrated projects for sewage, sewage, and rainwater in (Al-Qasim, Al-Hashimiyeh, and Al-Madhatiya districts), with a total amount of (364,500,000,000) dinars.
-An integrated project for sewage, sewage and rainwater networks for Al-Kifl district, amounting to 134.2 billion dinars.
-A link road with the highway (Basra - Baghdad), via the Imam - Anana district - to Al-Ibrahimiya in the Hindiyah district, at a cost of 320 billion dinars.
-Management and operation of Imam al-Sadiq Hospital (peace be upon him), by a specialized foreign company for $60 million.
- Referring the large Hilla sewer project/second phase to implementation at a cost of $287 million. LINK
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Frank26: "THE REALITY IS A NEW EXCHANGE RATE!!!".........F26
It will change the reality of Iraqi banks.. Al-Alaq reveals a plan that enjoys Sudanese support
5/9/2024 Baghdad
The Governor of the Central Bank, Ali Mohsen Al-Alaq, revealed today, Thursday, the progress of a plan supported by the government to change the map of the banking sector and its reality in Iraq.
The Central Bank stated in a statement received by Mawazine News, “The Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, received today the French Ambassador to Baghdad, Patrick Durel.”
He added, "The meeting discussed ways to strengthen banking relations between the two countries, and His Excellency the Governor provided a comprehensive explanation of the relations and economic conditions, as well as the government's directions in consolidating the foundations of the national economy and diversifying it in light of the state of security stability achieved in Iraq."
Al-Alaq confirmed that “the plan to restructure government banks is supported and monitored regularly by the Prime Minister,” noting that “this plan will change the map of the banking sector and its reality in Iraq.”
He pointed to "the rapid developments in organizing, monitoring and analyzing foreign transfer operations and covering foreign trade in accordance with best international practices and standards, which are receiving great praise and attention from international and regional organizations."
It is noteworthy that the Central Bank of Iraq owns deposits and accounts with the Central Bank of France, and they have been linked by cooperative relations over many years. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: My bank friend told me that [the new green 1000 dinar note] is on the CBI website. FRANK: Fils will not only be in precious metals but they will also be in paper...You might see an article about this today or tomorrow...Look at this note [new green 1000]...it looks like a 1000 note but...this green one is going to become part of your ability to give back change. FIREFLY: None of us have seen this before. FRANK: This is 100% proof you have a new monetary reform coming because if they're going to introduce these fils in a paper form then that means you have a new exchange rate to adjust to it.
Militia Man Article: "Floating the dinar returns to the forefront will the Central Bank of Iraq resort to it and what the risks?" The bottom line is Iraq is going to make an exchange rate change. They've told you about it...A managed float is a mix of a fixed and a float...Are they going to change it to a free float? Probably not because there's a lot of risks at that stage...Ultimately what is their goal? Raising the value of the dinar against the dollar. That's what they're going to be trying to do...
States Say "NO" To Overreach by UN, WHO, & WEF | Alex Newman
Liberty and Finance: 5-11-2024
America's founding fathers wrote that it was the "rightful remedy" for the state governments to interpose between the federal government and the citizens of the states.
Throughout US history, state governments have nullified overreach by the federal government and protected the rights of citizens.
Journalist, author, and educator Alex Newman joins us to discuss recent state bills that are now protecting citizens against overreach by unelected international organizations.
Louisiana Senate Passes Bill to End State Cooperation with UN, WHO, & WEF: "The proposed law declares, 'The World Health Organization, United Nations, and the World Economic Forum shall have no jurisdiction or power within the state of Louisiana.' ” https://blog.tenthamendmentcenter.com/2024/03/louisiana-senate-passes-bill-to-end-state-cooperation-with-un-and-who/
INTERVIEW TIMELINE: 0:00
Intro 1:20 Preparedness
7:32 Sheriffs conference
14:00 Constitution and state's power
23:33 Alex Newman's resources
Gold & Silver Taxes Dropped in 45 States, 13 End Capital Gains: Why It 'Scares' the Fed - Jp Cortez
Gold & Silver Taxes Dropped in 45 States, 13 End Capital Gains: Why It 'Scares' the Fed - Jp Cortez
Kitco News: 5-11-2024
Jeremy Szafron, Anchor at Kitco News, interviews Jp Cortez, Executive Director of the Sound Money Defense League, to discuss the transformative steps states across the U.S. are taking to remonetize gold and silver.
In this interview, Cortez explains how states are eliminating taxes on precious metals to restore them as viable money and combat inflation.
Cortez also dives into federal initiatives aimed at solidifying the constitutional stance that treats gold and silver not just as assets but as legal tender.
Gold & Silver Taxes Dropped in 45 States, 13 End Capital Gains: Why It 'Scares' the Fed - Jp Cortez
Kitco News: 5-11-2024
Jeremy Szafron, Anchor at Kitco News, interviews Jp Cortez, Executive Director of the Sound Money Defense League, to discuss the transformative steps states across the U.S. are taking to remonetize gold and silver.
In this interview, Cortez explains how states are eliminating taxes on precious metals to restore them as viable money and combat inflation.
Cortez also dives into federal initiatives aimed at solidifying the constitutional stance that treats gold and silver not just as assets but as legal tender.
This interview covers the potential impacts on the economy, the philosophy behind sound money, and the practical implications for everyday Americans.
00:00 Introduction
01:30 The Importance of Sound Money
03:30 State Legislation on Precious Metals
06:00 Impact on Individual Finances:
09:00 Federal Policies and Sound Money
12:00 Addressing Common Criticisms
15:00 The Role of Gold and Silver Today
18:00 Practical Challenges and Solutions
22:00 Conclusion
“Tidbits from TNT” Saturday 5-11-2024
TNT:
Tishwash: A $700 million agreement is signed between Iraq and Italy to finance these projects
Today, Saturday, the technical advisor to the Prime Minister, Muhammad Al-Daraji, announced the signing of an agreement between Iraq and Italy to finance industrial projects worth $700 million, while he confirmed the signing of memorandums of understanding to equip Iraq with (6) Italian factories for the private sector.
Al-Daraji said in an interview followed by Al-Eqtisad News, “Under the guidance of Prime Minister Muhammad Shiaa Al-Sudani, an agreement was signed between the Supreme Committee for Sovereign Guarantees and the Italian Shasa Credit Corporation on behalf of the Italian government to finance industrial projects in Iraq worth $700 million,” noting that "The agreement was signed between the Trade Bank of Iraq (TBI) and two Italian banks to finance these projects."
TNT:
Tishwash: A $700 million agreement is signed between Iraq and Italy to finance these projects
Today, Saturday, the technical advisor to the Prime Minister, Muhammad Al-Daraji, announced the signing of an agreement between Iraq and Italy to finance industrial projects worth $700 million, while he confirmed the signing of memorandums of understanding to equip Iraq with (6) Italian factories for the private sector.
Al-Daraji said in an interview followed by Al-Eqtisad News, “Under the guidance of Prime Minister Muhammad Shiaa Al-Sudani, an agreement was signed between the Supreme Committee for Sovereign Guarantees and the Italian Shasa Credit Corporation on behalf of the Italian government to finance industrial projects in Iraq worth $700 million,” noting that "The agreement was signed between the Trade Bank of Iraq (TBI) and two Italian banks to finance these projects."
He added, "As part of the government's initiative to support the private sector, memorandums of understanding were also signed between Iraqi businessmen and businessmen from Italian suppliers of production lines and factories to supply 6 factories to Iraq," indicating that "these factories include glass products, medicines, slaughterhouses, poultry and egg rearing, and gas processing." The facility, an iron factory, and a pharmaceutical factory.” link
Shybaby: Iraq requests end of UN assistance mission by end-2025
BAGHDAD (Reuters) –
Iraq has requested that a United Nations assistance mission set up after the 2003 U.S.-led invasion of the country end its work by the end of 2025, saying it was no longer needed because Iraq had made significant progress towards stability.
The mission, headquartered in Baghdad's heavily fortified Green Zone, was set up with a wide mandate to help develop Iraqi institutions, support political dialogue and elections, and promote human rights.
Prime Minister Mohammed Shia al-Sudani said Iraq wanted to deepen cooperation with other U.N. organisations but there was no longer a need for the political work of the U.N. assistance mission, known as UNAMI.
The mission's head in Iraq often shuttles between top political, judicial and security officials in work that supporters see as important to preventing and resolving conflicts but critics have often described as interference.
"Iraq has managed to take important steps in many fields, especially those that fall under UNAMI's mandate," Sudani said in a letter to U.N. Secretary-General Antonio Guterres.
Iraq's government has since 2023 moved to end several international missions, including the U.S.-led coalition created in 2014 to fight Islamic State and the U.N.'s mission established to help promote accountability for the jihadist group's crimes.
Iraqi officials say the country has come a long way from the sectarian bloodletting after the U.S.-led invasion and Islamic State's attempt to establish a caliphate, and that it no longer needs so much international help.
Some critics worry about the stability of the young democracy, given recurring conflict and the presence of many heavily armed military-political groups that have often battled on the streets, the last time in 2022.
Some diplomats and U.N. officials also worry about human rights and accountability in a country that frequently ranks among the world's most corrupt and where activists say freedom of expression has been curtailed in recent years.
Iraq's government says it is working to fight corruption and denies there is less room for free expression.
Somalia's government also requested the termination of a U.N. political mission this week. In a letter to the Security Council, the country's foreign minister called for the departure of the Nations Assistance Mission in Somalia (UNSOM), which has advised the government on peace-building, security reforms and democracy for over a decade. He provided no reason.
Metro Portal (newsroomlabs.com)
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Tishwash: They prefer to put their money in their homes.. When will the banking sector gain the trust of Iraqis?
The citizen prefers that keeping his cash in his home is a guarantee of its security, rather than having it in institutions that they do not trust in to house this money, which has led to the impeding the growth of the banking system in the country, while the Iraqi government is trying to attract cash liquidity by automating the citizen’s daily transactions. Through electronic payment cards and other plans to restore this trust between the citizen and the Iraqi banking system.
Banks, in turn, increased the number of their bank branches. Many private banks were opened throughout Iraq to enhance accessibility and enhance financial inclusion, while observers explained that the citizen must give these banks an opportunity to achieve economic growth in the country, while others attributed the lack of this confidence to weakness. The scarcity of banking services made them unable to attract citizens and merchants, in addition to the high interest rates on loans and advances.
Support banks
While the majority of banks in Iraq represent 90.5% (67 out of 74 banks) of the total number of banks. It is owned by the private sector and also owns the capital of the banking sector in Iraq.
Banking expert Saif Jawad Al-Halafi confirms, “One of the foundations of banking is banking comprehensiveness in diversifying the banking services provided to the public, and that the bank does not depend in making profits on a banking operation that it monopolizes as a result of the availability of external regional factors affecting Iraq’s foreign trade movement.”
Noting that, “The investor has the right to reap profits, but our banks also have the right, even if they are marred by some wrong banking behavior for a certain period, they have the right to be included with everyone in enjoying all the banking services available in the Iraqi banking arena and in foreign trade, from opening credits or transfers.” "External".
Maintaining the banking sector
Al-Halafi explains in an exclusive interview with Al-Mada that “all Iraqi banks must be supported without exception, whether they are fully owned by Iraqis or there are foreign contributions participating in Iraqi capital.” Pointing out, “There is a crowd of depositors and investors in these banks, and the government must provide all full support to all of them because one of the basics of the Iraqi national security standard, and one of the most important points, is to maintain the strength of the banking sector without being subjected to pressures or tremors that overthrow some.” Banks, because you will affect the rest of the Iraqi banks as a whole.”
Al-Halafi continues, “The journey of establishing Iraqi banks and the Baghdad stock market is an arduous journey, the journey of which began with the late Hassan al-Najafi, so we must support our banks, whether that is with constructive criticism or correction.” Stating, “What is sad is that the Iraqi banking sector is older than all neighboring countries, and for this reason we never allow our banks to let us down because they are our security and the future of Iraqi foreign trade, and they have the right to contribute to all banking and economic activities without exception, especially in the upcoming Al-Faw port project.” And also the path of development.
risk
While most Iraqis avoid crediting their assets to traditional commercial banks because of their doubts and the political differences that arise from time to time, in addition to the fact that there are those who have religious reservations.
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, stated that “the vision of the government curriculum is moving towards implementation with consistent steps, all of which lead towards successive reform applications and according to a systematic and comprehensive structure that addresses the details of the national economy and according to the priorities drawn up from the beginning.” Pointing out, “It is known that the contribution of government sectors to the country’s gross domestic product is about 63%, as the Iraqi economy is the fourth economy in the world in terms of the government sector’s dominance in generating gross domestic product.”
Saleh added in an interview with Al Mada, “Economic reform inevitably begins with the government economy, which has the greatest contribution to the growth of the country’s national income.” Noting that, “With a closer look, the reform priorities started today from the government finance sector, and we mean government banking activity, which currently dominates 85% of banking operations in the country, but operates with capital or ownership rights that constitute only 22% of the total banking capital.” In the country, which made it restricted in the development of general economic activity and the development of the market economy, and since finance is an activity that precedes real productive activity in terms of importance and logic, Prime Minister Muhammad Shiaa Al-Sudani adopted a scientific and practical approach by moving towards reforming the government commercial banking system.
Achieving financial inclusion
The lack of experience, lack of services, and lack of banking culture led to a collective alienation from the entire banking sector, which hindered the development of this important system in the country.
As Saleh returns to update (Al-Mada), that “to begin with, one of the largest international companies specialized in reform studies and financial, accounting and administrative auditing was commissioned to prepare an accurate assessment of the reality of government banks in order to achieve comprehensive reform processes for the government banking system itself, and at the forefront of that is Generating a government commercial bank that directs directly towards the market economy and financing trade and investment, achieving financial inclusion, enhancing the levels of credit granted to the market, and introducing advanced technologies, financial applications and payment systems into this new banking system that will work on broad foundations of banking governance, compliance and driving growth and development rates. Sustainable economic growth, in addition to adopting the necessary legal applications to enhance property rights and raise their capital to record levels in accordance with the principles of banking (Bazal) that are applied globally.”
He added, "Also, providing mechanisms for its openness and integration with the global banking market. It is no secret that the other and important aspect of government banking reform will undoubtedly lead to the birth of banking specialized in government financial operations, exercising exclusively banking functions related to government operations, and at the same time helping in the development of treasury account mechanisms." The unified TSA is the account that gives public finance the real-time ability to know the country’s government cash flows with high efficiency.”
He concludes his speech by saying, “The reform processes will also include, in the stages of their work, specialized banks such as the Industrial, Agricultural, and Real Estate Bank, as they will operate in the future as a development bank, in which property rights will be strengthened by making them a profitable and strong public shareholding company that contributes to financing private investments in economic development through grants.” Flexibility and adequacy in granting credit for productive investment operations, with a view consistent with the targeted growth rates in gross domestic product, which is indicated today by the National Development Plan 2024-2028, and future national development plans.”
It is noteworthy that Iraq includes 72 registered banks, including 38 banks participating in the auction for selling American currency at the Central Bank. However, the US sanctions that recently affected 14 banks, and other banks that were subject to similar sanctions months ago, led to the number of banks participating in the The currency auction is now being sold by only 18 banks. link
Mot: .. the card
Mot: ... Look Familar!! ????
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 ~~~~~~~~~
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
~~~~~~~~~
"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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News, Rumors and Opinions Saturday 5-11-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 11 May 2024 Compiled Sat. 11 May 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Fri. 10 May 2024: Vice President of a Tier 2 bank: “I was just told by a very high-up that the RV is the 11th.”
Thurs. 9 May 2024 Bruce: Canadian banks said in a conference call that they were in position to begin exchange currencies and redeem Zim on Friday 10 May or Sat. 11 May. Special Forces personnel and Banks in the US say that everything kicks off this weekend. The US Treasury wrote in an email that Tier4b will begin exchanges either Fri. 10 May or Sat. 11 May.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 11 May 2024
Compiled Sat. 11 May 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Fri. 10 May 2024: Vice President of a Tier 2 bank: “I was just told by a very high-up that the RV is the 11th.”
Thurs. 9 May 2024 Bruce: Canadian banks said in a conference call that they were in position to begin exchange currencies and redeem Zim on Friday 10 May or Sat. 11 May. Special Forces personnel and Banks in the US say that everything kicks off this weekend. The US Treasury wrote in an email that Tier4b will begin exchanges either Fri. 10 May or Sat. 11 May.
Thurs. 9 May 2024 Wolverine: “It’s coming. It is going to happen this week. I’m not allowed to say anymore, but it is going to be a glorious week.”
Wed. 8 May Banker: “Well folks, a banker was provided with a specific date where he would have his trained exchange specialists in position to begin the currency exchanges. This means a window of scheduling appointments will commence prior to having his staff being in position. While he could not provide me the date he did indicate without any unforeseen issues that could delay it will occur this month. Well Folks, we may in fact enjoy the most memorable Mother’s Day in history. Say your prayers.”
Fri. 10 May 2024: Zimbabwe’s Economic Renaissance: Pioneering the Gold Rush with BRICS Alliance and Gold-backed Currency – American Media Group (amg-news.com)
Fri. 10 May 2024 The National / Global Economic Security & Reformation Act, NESARA / NESARA is the most ground breaking reformation to sweep not only the United States of America but the whole planet (thus GESARA) in its entire history.
Strange coincidence?
Fri. 10 May 2024 Catastrophic Solar Storm Threatens Earth: The Biggest Solar Storm in Years Approaches, Threatening Our Electric World! Global Warning Issued for Massive Geomagnetic Storm Today, Disruptions to Mobile Phones, GPS, and Power Systems Nationwide expected. Officials warn that a rare and intense Solar Storm could strike today, marking the first event of its kind in nearly two decades. The National Oceanic and Atmospheric Administration (NOAA) has issued a Severe (G4) Geomagnetic Storm Watch, the first since 2005, when Earth experienced its most significant radiation surge in fifty years. NOAA indicates that this extraordinary event could interfere with electronic devices, including GPS systems and parts of the power grid. Additionally, it could produce a spectacular aurora, potentially visible across a large portion of the country. https://t.me/QStorm1776 Powerful rare solar storm to hit Earth today and could ‘wipe out the internet’ (msn.com)
Read full post here: https://dinarchronicles.com/2024/05/11/restored-republic-via-a-gcr-update-as-of-may-11-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man They cannot tell every single person in the world, 'We're changing the value of our exchange rate tomorrow or the next day.' They can't do that. However they've been telling us...they're going to be doing it...We have evidence of it...
Frank26 [Iraq boots-on-the-ground report] FIREFLY: International Development Bank opens in Erbil. FRANK: Notice how they are preparing your banks in many ways to receive the new exchange rate when Sudani releases it. They talked to you about the float...the basket... the lower notes...the old lower notes, your history...Now they're going to tell you Iraqi citizens about your banks...they are educating you on the many services that your banks will be offering you once this exchange rate is released.
SILVER ALERT! Silver Is READY to Blow Past $30/oz...Then $50/oz...Then BLUE SKY!
(Bix Weir) 5-10-2024
Silver is READY at any moment to blow by $30/oz and there is very little resistance up to $50/oz after $30/oz is established as a base.
$50/oz is the next stop which is All Time High resistance even though both 1980 & 2011 crashes were ARTIFICIALLY INSTIGATED!
It may be that we FLY right past $50/oz into Silver's BLUE SKY territory!
Economist’s “News and Views” Friday 5-10-2024
Fed to Raise Its 2% Inflation Target? Seismic Re-Pricing Across All Asset Classes Coming – McDonald
Kitco News: 5-9-2024
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Larry McDonald, Founder of The Bear Traps Report and New York Times bestselling author of 'How to Listen When Markets Speak' and 'Collossal Failure of Common Sense.'
McDonald warns that we are headed into an era of persistent inflation, escalation in global conflict, a multipolar world, a weakening U.S. dollar, a series of sovereign debt crises, and capital fleeing out of financial assets into hard assets.
He sheds light on how the Federal Reserve will approach its 2% inflation target amid sticky inflation. McDonald also explores the coming commodity bull market, going over the top winners. He shares his price outlooks for gold, silver, platinum, oil, and natural gas.
Fed to Raise Its 2% Inflation Target? Seismic Re-Pricing Across All Asset Classes Coming – McDonald
Kitco News: 5-9-2024
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Larry McDonald, Founder of The Bear Traps Report and New York Times bestselling author of 'How to Listen When Markets Speak' and 'Collossal Failure of Common Sense.'
McDonald warns that we are headed into an era of persistent inflation, escalation in global conflict, a multipolar world, a weakening U.S. dollar, a series of sovereign debt crises, and capital fleeing out of financial assets into hard assets.
He sheds light on how the Federal Reserve will approach its 2% inflation target amid sticky inflation. McDonald also explores the coming commodity bull market, going over the top winners. He shares his price outlooks for gold, silver, platinum, oil, and natural gas.
00:00 Coming up
00:44 Introduction: Fed’s Inflation Target
01:19 Inflation and Economic Shifts
03:15 The Future of Financial Markets and Debt Solutions
04:57 The Inevitable Shift Towards Higher Inflation Targets
07:55 The Impact of Inflation on Investment Strategies
15:17 Navigating the Commodity Bull Market and Asset Allocation
20:25 The Global Economic Landscape and Commodity Demand
23:50 Strategic Outlook on Oil and Natural Gas
28:10 The Current Equity Climate and Market Risks
33:48 Commodity Investments
34:50 The U.S. Banking Sector’s Troubles
37:52 The Perils of Passive Investing and ETFs
47:09 U.S. Debt and Dollar Dynamics
52:39 Gold and Silver
58:59 Platinum
01:05:59 Potential Threats to the Commodity Bull Market Thesis
Why Warren Buffett Is Raising Cash: Market 'Euphoria' In Final Stage | Bill Smead
David Lin: 5-10-2024
Bill Smead, Chairman of Smead Capital Management, discusses the late stages of market euphoria.
0:00 - Intro
0:50 - Berkshire Hathaway and cash
4:33 - Markets entering new era
19:20 - Passive investing
22:20 - Valuations and investing
30:55 - Energy sector
36:45 - Inflation and monetary policy
40:46 - Financials sector
China CHECKMATES Europe’s Economy As Countries Flee Dollar Assets To Buy Gold
Sean Foo: 5-10-2024
China just dropped a bombshell on the EU. While Brussels mulls punishing Beijing with trade barriers, Xi Jinping just upgraded Hungary's relations and announced a big free trade agreement with Serbia.
Meanwhile, countries around the world are progressively exiting US bonds for gold.
This is the effect of the US government's never-ending spending and bond issuance that is flooding the market relentlessly.
Timestamps & Chapters:
0:00 Xi's EU Bombshell
3:23 Serbia & Hungary Chooses China
6:46 US Treasuries Hit Brick Wall
8:12 Sponsor: Indigo Precious Metals
9:33 Horrific US Debt Estimates
10:41 Countries Flocking To Gold
13:28 Narratives Are Collapsing
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.
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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