Goldilocks’ Comments and Global Economic News Tuesday AM 11-14-23
Good morning Dinar Recaps,
“Saturday, informed government sources revealed an Iraqi-American agreement regarding foreign transfers to cover imports”
Iraq is currently raising Capital Requirements in their banking system to cover imports and foreign transfers to several countries.
They are expecting to be able to follow through on this request with JPMorgan’s guidance within the next few days.
This will help them move money in and out of Iraq enhancing their private sector merchants with liquidity through cross-border trades.
© Goldilocks Zawya Link
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When the government needs to borrow money, they utilize a t-bill scheme. They formulate new treasury bonds with the anticipation of Market investors buying them. They are considered a safe bet on returns inside of Market that is struggling.
“The 30-year U.S. Treasury yield climbed above 4.8% on Thursday, from 4.655% the prior day, after a sale of $24 billion in bonds received far less demand from investors than the government is used to.”
In other words, Market liquidity is drying up. This moves us closer to a flip in the market whereby gold provides liquidity going forward. Time will tell if they hold to the date of January 16th, 2024 in moving to the final implementation stage of capital requirements for banks to hold gold in reserve for events such as this taking place.
When a crisis develops in the markets hardcore banking benchmarks become flexible. We will have to watch this one.
© Goldilocks
The Edge Malaysia Link
WSJ Link
Corporate Finance Institute Link
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Liquidity gridlock worsens in US commercial real estate sector Reuters Link
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US Credit-Rating Outlook Changed to Negative by Moody’s Bloomberg Link
To enhance foreign investment in Chinese financial markets, the People’s Republic of China has recently implemented substantial changes to the regulations overseeing foreign institutional investors. These changes specifically pertain to managing funds used for trading in domestic securities and futures, focusing on streamlining processes related to fund registration and currency conversions.
https://www.indrastra.com/2023/11/china-streamlines-reforms-for-foreign.html
👆Goldilocks pointed to this article
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China-led global CBDC platform, mBridge intends to introduce a minimum viable project in the middle of 2024 as the next step for the blockchain-based cross-border payments solution.
The initiative was founded by the central banks of Thailand, Hong Kong, China, and the United Arab Emirates, and it operates under the umbrella of the Hong Kong BIS Innovation Hub. Participants include the International Monetary Fund, the World Bank, and 23 central banks from across the world.
CBDC | Global CBDC Platform, mBridge, Plans to Launch a Minimum Viable Project in 2024
👆Goldilocks pointed to this article
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The ISO 20022 crypto-list encompasses compliant digital coins and tokens adhering to the standards set by the International Organization for Standardization (ISO) under ISO 20022. These cryptocurrencies are poised to be integrated into a novel financial system known as ISO 20022-compliant cryptocurrencies, with widespread anticipation that their value will surge upon the standard’s implementation.
News4Social Link
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“How Central Banks Can Use Gold Revaluation Accounts in Times of Financial Stress”
When the Central Banks make a decision to turn their gold holdings into real-valued liquidity prices, it has the ability to turn the markets around forging a path into the future led by the metal markets.
The suppression of gold and other commodities has allowed inflation to move into directions whereby the only choice left to us is releasing caps on the commodity sector of the market.
At this point, a revaluation in gold is rapidly approaching. “Gold will set us free and all roads lead to gold.
© Goldilocks
GoldSeek Link 1
GoldSeek Link 2
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JUST IN: 🇺🇸 Largest US options exchange Cboe to launch margined Bitcoin and Ethereum futures.
@WatcherGuru
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“Goodyear’s Q3 sales decreased 3.2% to $5.142 billion compared with $5.311 billion the prior year on the back of commercial truck industry weakness and, to a lesser extent, other tire-related sales declines, the company said.”
If the Trucking industry is not on the road moving products, we have a problem. The trucking industry is one of those indicators that allows data reporting agencies to know and understand certain sectors of the market.
This one measures our goods and services sector of the economy, and it is beginning to turn downward in significant degrees.
This is another reason why Libor lending services shifted to SOFR lending services on July 1st, 2023. Remember, SOFR lending is a collateralized-based lending service based on gold as a backing for support. Gold is the new liquidity inside all sectors of the market.
“Gold will set us free and all roads lead to gold.”
© Goldilocks
https://www.ttnews.com/articles/goodyear-earnings-q3-2023
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On the US Debt Clock, watch what happens to the price of gold and silver when the dollar supply runs out.
© Goldilocks
https://www.usdebtclock.org/
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Why the US money supply is shrinking for the first time in 74 years
https://www.goldmansachs.com/intelligence/pages/why-the-us-money-supply-is-shrinking.html
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