Goldilocks’ Comments and Global Economic News Friday Afternoon October 06, 2023
Good afternoon
Central banks purchased 77 tonnes of gold in August, marking a 38% increase compared to the purchases made in July.
Central banks continue to stockpile gold.
Read: https://x.com/goldtelegraph_/status/1710095239988543801?s=46
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THEY LIED: China And Russia Is Ready To Dethrone The Dollar – Jim Rickards
https://youtu.be/l_gXaecvvAg?feature=shared
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On August 25, 2023, the US Department of the Treasury issued proposed regulations that would impose new information reporting requirements for brokers that facilitate certain transactions involving “digital assets” – if finalized in their present form. The proposed regulations were issued to implement certain changes to Section 6045 of the Internal Revenue Code of 1986, as amended, made by the Infrastructure Investment and Jobs Act (IIJA) to improve tax administration and compliance with respect to trading and investing in digital assets.
Federal Register / Vol. 88, No. 166 / Tuesday, August 29, 2023 / Proposed Rules
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“More banks have announced partnerships with asset managers to place loans into private debt funds that offer investors better risk-adjusted returns than bank equity.”
Banks are beginning to see profitable validity in their movement to higher Capital requirements of gold inside the banking system under Basel 3 Capital requirements being raised to pay a debt.
The use of private debt funds gives investors the opportunity to participate in creating a portfolio for customers needing loans through their involvement in providing them.
These collateralized loans are becoming preferred over equity-risk loans. On July 1st, 2023, companies and banks around the world shifted over to SOFR lending services. These changes are now becoming commonplace and expected to offer a return for the lender to the upside and everyone involved.
As these changes become more commonplace through real-world experiences, the transition that took place on July 1st of this year has begun transforming the mental and emotional trust of the banking system who utilizes these new mechanisms for lending services.
The transition of the banking system through tokenized assets supported by gold is beginning to gain traction. As the banking system and markets continue to merge inside Protocol 20, the upgrades taking place to connect these two major forces inside the economy will transform us into a collateralized lending service that has stood the test of time.
All roads lead to gold, and gold will set us free!
© Goldilocks
Euro Money Link https://www.prestigefunds.com/?s=09 https://dashboard.stellar.org/.
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Global trade has depended on paper documentation for hundreds of years, but trade companies are now turning to digital platforms for more secure and efficient record-keeping.
Four billion paper documents are circulating at any given time in the $25 trillion global cargo trade industry, Bloomberg reported on Tuesday, but less than 1% of those documents are fully digitized, (https://iccwbo.org/news-publications/policies-reports/standards-toolkit-for-cross-border-paperless-trade/) even though a single international transaction requires an average of 36 documents and 240 copies, according to the International Chamber of Commerce.
This leaves many companies vulnerable to fraud. A report by the International Chamber of Commerce and MonetaGo found that fraud in international trade can account for up to $2.5 billion in annual realized losses for lenders.
The Messenger Link
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Protocol 20 is also connecting Healthcare Payment Systems to the QFS in ways that are easier for the retail investor to understand.
“TrustCommerce, a Sphere company, is the leading financial technology company trusted by the nation’s largest health systems. The TrustCommerce integrated payment platform can reduce friction and facilitate secure, compliant patient payments. Using TrustCommerce to enhance the patient financial experience and untangle payment workflows, clients can securely process payments anytime and be connected with core software including EHRs and PMs.”
I realize we talk a lot about the banking system and the markets, but it is important to note that Healthcare is and has payment services that are being connected to Quantum Technologies as well.
Everything is changing my friends.
© Goldilocks
Finance Yahoo Link
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“The rise of Open Banking has paved the way for a FinTech boom, allowing startups to create digital wallets and establish themselves as “Neo Banks”. This transformation has led to digital wallets becoming the dominant global payment method in e-commerce, commanding a 49% market share, as revealed in the Global Payments Report by Worldpay.
However, the real game-changer in the payments landscape is the growing popularity of account-to-account (A2A) payments, which have surpassed $525 billion in global transaction value in 2022, thanks to the availability of real-time payment capabilities.”
Brite receives 60 million in funding for Account 2 Account payment services. This open banking revolution through Fintech is opening opportunities around the world at a significant pace.
It looks like the big boys and girls are getting involved in liquidating the digital banking system.
© Goldilocks
Robots News Links
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Central Bank Gold, who holds and added the most since 2020
Bullion Vault Link
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For the past two years, we have witnessed the new “digital asset-based trading system” being built from the ground up.
It has truly been an incredible undertaking. There are so many connections to everything that we do going forward.
The involvement of a community in the next economy will include 70% of the market through consumers. We have not been invited to the table before, but a revolution has occurred for those who have had their eyes wide open.
If you really want to understand what is meant by the words “where we go one we go all,” you are going to have to take a closer look at the changes that are currently going on and have been going on since January the 1st, 2022.
Information on the banking system has come out every single day since January 1st, 2022. We have been privileged to notice and understand these changes. It is an opportunity never given to people in the past.
Anyone truly interested in how the new banking system works for and with their humanitarian projects going forward will have an understanding of the concepts presented in the last two years.
We have a little bit further to go, but I just wanted to thank you for your efforts to embrace a new world with understanding and with hope.
May God bless you on the road ahead as you take this knowledge with you into everything that you do from who you are.
© Goldilocks
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Vladimir Putin suggests that BRICS member nations should work towards establishing a SINGLE payment mechanism and transition to transactions in national currencies.
He also said that the global financial system based on the dollar is gradually collapsing.
Hard assets vs. paper.
This week,
Russia said it will start purchasing foreign currency and gold, driven by a surge in energy revenue that has surpassed the budgetary targets.
Read: https://x.com/goldtelegraph_/status/1710364974097588273?s=46
