Goldilocks’ Comments and Global Economic News Monday 4-29-2024
Good Evening
How EU’s ‘complete mess’ on stablecoin regulation risks delistings with MiCA deadline approaching
“Experts worry that the regulations are so onerous and confusing that they will drive out some stablecoins starting on June 30 when the laws kick in.”
On June 30th, 2024, Stablecoins and Cryptocurrency Regulations will become law. At that time, we will have a digital economy capable of running the banking system and the markets.
This is when we are going to see utility drive the new digital market in these new digital assets. It will move the prices of these assets into real values.
Market values will move to fundamental correlations based upon supply and demand bringing in new prices on every sector of the market. This includes the Forex Market where Stablecoins will represent them.
At that time, credit valuation adjustments will begin the process of floating values up or resetting their values entirely. | CoinStats
© Goldilocks
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“A Treasury buyback is a purchase of United States Treasury debt by the Treasury and subsequent cancellation of that debt.”
My understanding is that the United States is buying back its own debt from bonds that have been on the books for a long time. It could move to some of the short-term debts if needed.
These Treasury Bonds can provide liquidity due to the fact they are bought and sold in a pre-sale event of their maturity date canceling that debt instrument and providing liquidity for the markets.
This move will help manage debt objectives by holding the US dollar at a stable rate to prevent trade deficits taking place with the exchange rate of the dollar among other countries.
This is a form of currency intervention for the US dollar to keep it at a stable foreign exchange rate. This is happening because many countries are beginning to sell their dollars for their own currencies, but this is a temporary fix.
The inevitable is happening my friends, and moves like this give us an idea that a Level Playing Field in currency markets are growing close to a Global Currency Reset. Morning Star TreasuryDirect
Watch the water.
© Goldilocks
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“Zimbabwe bid farewell to its old Zimbabwean dollar notes on Friday, marking the transition to the new gold-backed Zimbabwe Gold (ZiG) currency.”
This is the first day that Zimbabwe is using their new gold-backed currency. This will shift their monetary policies.
No references have been made that they are backing their bonds by gold at this time. More on this at the end of the article…
Their trading mechanisms will shift into free trade agreements between countries. Supply and demand trades will do away with tariffs and put the countries they trade with on a Level Playing Field.
Using gold as a means of exchange for equal value trades, rather than, uneven weighted values through tariffs will make their trading partnerships far more appealing going forward.
Special note: All we have been told is that their currencies are being backed by gold, but we have heard nothing about gold backing their bonds or historical bonds yet. ReportFocusNews C Bonds
Watch the water.
© Goldilocks
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BRICS Eye Stablecoin Launch To Reduce The Influence Of The US Dollar — Will Ripple’s XRP Be Utilized? ⋆ ZyCrypto
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De-dollarisation gains traction among Brics | Khaleej Times
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BRICS makes headlines with new expansions – Here’s where and who | Cryptopolitan
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Austin, Texas-based start-up Episode Six is banking on Hong Kong demand for virtual payments, SME lending | SCMP
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International Trade Announcement:
“The International Chamber of Commerce’s Digital Standards Initiative (DSI) has completed the mammoth task of attempting to find common digital data standards for a raft of widely used trade documents.”
The Digital Standards Initiative (DSI) is the International Governance Board that is currently setting standards for international trading relationships around the world.
They are telling us they have completed this all-encompassing set of Global Standards. This will be applied to their new digital bills of lading that will determine new price correlations on cargo ships moving products around the world.
These new price correlations will be tokenized assets that hold a weight of gold in their determining price for movement.
Credit Valuation Adjustments are now becoming possible in 80% of our trades around the world that determines, through supply and demand, new exchange rates that will be forthcoming. GT Review Investopedia PackageX
WATCH THE WATER.
© Goldilocks
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The Iraqi Dinar | Youtube
👆 Goldilocks pointed to this article
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Printing error makes $1 banknotes worth $150,000 each — check yours | The News
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Here’s How EU Nations Are Preparing to Enforce MiCA | Coin Desk
European Union member states are gearing up to enforce MiCA, the landmark crypto law that requires national regulators to license and supervise service providers.
MiCA is an EU-level regulation but nations can implement slightly different technical standards, which crypto firms should follow closely, policy watchers say.
