Goldilocks’ Global Economic News 6-1-2024
“Liquidity in U.S. financial markets is starting to dry up, which could it make it difficult for stocks and other risky assets to advance from here, according to analysts at JPMorgan.”
This has been going on since the end of March 2024. If you remember, this was the time banks were no longer going to receive free liquidity going forward. 👇
“The Federal Reserve Board announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions.”
This lack of liquidity has reached its tipping point. And now, we have reached a contracting phase in the markets. It appears that old money has reached its limits.
There are currently over 450 London Metal Exchange approved Warehouses around the world, and their numbers are continuing to grow. They are located across the USA, Europe, and Asia.
These active locations are ready to serve the needs of the new digital asset-based trading system. Gold and other precious metals have been on the rise since the beginning of this year. The time has come for gold’s new role in our world to awaken. Market Watch LME Financial Express
Gold is the new liquidity. Gold will set us free.
© Goldilocks
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BREAKING NEWS IRAQ Trouble | Youtube
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The race toward instant payments has now begun. The new MICA regulations have set everything in motion. | The Paypers
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Russian Commodity Companies Using Stablecoins To Settle With Chinese Counterparts: Report | Daily Hodl
Russian Commodity Companies Announcement:
Russian commodities firms are reportedly using the top stablecoin USDT to execute financial transactions with Chinese companies.
Bloomberg, citing “top executives at the companies,” reports that at least two metals producers in Russia use the Tether-issued stablecoin and other crypto assets to facilitate cross-border transactions with clients and suppliers in China.
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RBI relocates 100 tonnes of gold from UK to its Indian vaults: Report | LiveMint
RBI relocated over 100 tonnes of gold from UK to India for logistical and storage reasons, hinting at more gold entering the country soon. This move follows RBI’s recent acquisition of 27.5 tonnes, increasing its total gold holdings to 822.1 tonnes by March.
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SEC Announcement:
Washington D.C., May 31, 2024 —
The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on June 6, 2024, at 10 a.m. ET. The meeting will be webcast on the SEC website. SEC
The committee will host two panels:
* Examining the New Frontier for Investment Advice
* AI Regulation: Embracing the Future
The committee will also discuss potential recommendations regarding the Protection of Self-Directed Investors when Trading Complex Products and Utilizing Complex Strategies and Financial Literacy and Investor Education.
The Investor Advisory Committee, which focuses on investor-related interests, advises the Commission on regulatory priorities and various initiatives to help protect investors and promote the integrity of the U.S. securities markets. Established by the Dodd-Frank Act, the Committee is authorized by Congress to submit findings and recommendations to the Commission.
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Fed’s Wait-and-See on Rate Cuts Supported by Worst 6-Month “Core” & “Core Services” PCE Inflation since mid-2023 | Wolf Street
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The UK recently conducted a consultation about its Digital Securities Sandbox (DSS), which eases legal requirements for central securities depositories. The aim is to enable tokenization initiatives to issue, trade and settle digital securities. | Ledger Insights
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BIS shares how Project Agorá aims to tokenize correspondent banking – Ledger Insights – blockchain
Bank for International Settlements Announcement:
Last month the Bank for International Settlements (BIS) Innovation Hub unveiled Project Agorá, its ambitious project with seven central banks to transform cross-border payments with tokenization. It proposes using a Unified Ledger involving wholesale central bank digital currencies (wCBDC) and tokenized deposits on a shared infrastructure to execute payments. Today the BIS released a short paper on “Next generation correspondent banking“, which outlines the vision for Agorá. A large part of that relates to how compliance is dealt with.
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Securities & Futures Commission of Hong Kong Announcement | Finance Magnates
SFC Warns of June 1 Deadline: Comply or Face Legal Consequences
Virtual asset trading platforms must be licensed by June 1, 2024, or face criminal charges
The regulator urges investors to trade only on licensed platforms.
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First Green Security Token Offering for New Energy Vehicles Charging Network in Hong Kong – The Tokenizer
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Join the Seeds of Wisdom Team SNL call with Freedom Fighter breaking down Goldilock’s weekly posts! Jester will be joining too! SNL Call Link
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