Goldilocks’ Comments and Global Economic News Friday AM 11-10-23
Good Morning
“CFTC’s Proposal on Investment of Customer Funds”
Not happening anymore my friends. No more using your money to invest on the market to make money for the banks.
The main objective of the Commodity Exchange Act (“CEA”) and CFTC regulations is to put together a framework that protects customer’s money.
This proposal is already on the table and awaiting final comments on January the 17th, 2024. It will allow the final phase and the implementation of this new proposal to move forward. This comes just one day behind the January 16th deadline of 2024 to move forward with Basel III Capital requirements after it’s comment period.
SOFR has made these changes possible going forward. It was the first step in reforming our Global Banking and Market Systems in our new soon-to-be gold standard economy. On July 1st, 2023, the banking system around the world made changes to utilize a gold based lending service that now makes liquidity possible through gold.
© Goldilocks
https://www.natlawreview.com/article/cftcs-proposal-investment-customer-funds
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Yicai) Nov. 9 — “The newest version of the Cross-border Interbank Payment System(CIPS), which offers clearing and settlement services in Chinese yuan, is on display at the China International Import Expo in Shanghai.”
China is expanding the use of its CIPS payment system that will utilize the Chinese Yuan. More countries are getting on board to utilize this payment system.
A total of 42 new overseas recipients have joined this new payment system as of late.
© Goldilocks
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BREAKING: BlackRock Allegedly Plans to Apply for Ethereum Spot ETF – Bitcoin Sistemi
https://en.bitcoinsistemi.com/breaking-blackrock-allegedly-plans-to-apply-for-ethereum-spot-etf/
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Binance Launches Binance Web3 Wallet within the Binance App for iOS and Android
https://www.gizmotimes.com/apps/ios-app-store/binance-web3-wallet-for-ios-and-android/46804
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The world is changing.
In the early parts, many just shake their heads and laugh, but then, one day, you wake up, and the change is visible.
In a monetary reset…
The change is more felt instead of seen.
That is what makes it so unique.
Read: https://x.com/goldtelegraph_/status/1722886158861082756?s=46
