Goldilocks’ Comments and Global Economic News Tuesday 5-7-2024
Good Morning
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
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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
