Goldilocks’ Comments and Global Economic News Wednesday 3-20-2024
Good evening
Gold has been climbing since the beginning of this year despite the dollar being propped up through higher interest rates.
Bitcoin began its climb last year decoupling itself from the dollar, and now, we are witnessing gold begin to do the same.
The BRICS Nations have been quietly adding to a list of Nations joining their alliance. One of the things that is required of joining is a willingness to back their currencies by gold.
And for some time, we have read where Russia and China are in support of a new payment system inside a new digital economy for trade payments.
As you can see, the dollar is headed into a strong headwind. Many whales have been preparing for this shift in our economy and moving their money from stocks, and into, digital gold.
As the Global Bond markets are digitized this year, there’s a strong expectation for the bond markets to really flourish until the year 2030.
Most of a bond’s return over time comes from its yield. And falling yields are expected in the latter half of 2024. It will boost bond prices.
Bond yields stimulate a nation’s stock market. In turn, this increases the demand for a country’s currency. From a Global perspective, this will give strength to many of the new local currencies that are beginning to come back onto the market after using the dollar for some time.
Tokenized assets incorporate gold or some other commodity along with a digitized asset. These three drivers of the new economy when coupled with underlying assets to support each other become an unstoppable force of growth going forward. Times of India
© Goldilocks
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We are moving into an open banking system. This means that new innovations will surface in the years ahead that will provide us with new opportunities for growth.
Because a country comes up with a single innovative digital banking protocol this year, doesn’t mean that another country cannot come up with a better one the following year to replace it.
We are entering into the “Age of Creativity.” Creativity can know more than the mind can ever understand. It takes us into realms of consciousness whereby we are lead by the very wisdom that has created us.
Stellar (XLM) is taking the lead on new innovations that will begin the process of taking us into the new digital economy. Ripple (XRP) is coming up with their own Ledger System that will compete. Who is next?
Herein lies the beauty of what we are witnessing currently being developed. As new innovations come out into the market to enhance the well-being of our Creator’s people, freedom will be the motivator for the new digital economy over and beyond controlling the masses. Those who forget this will more than likely get left behind.
© Goldilocks
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SILVER SUPPLY & DEMAND | Silver Institute
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GLOBAL SILVER DEMAND FORECASTED TO RISE TO 1.2 BILLION OUNCES IN 2024 | Silver Institute
👆 Globally, we just simply aren’t keeping up with demand.
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Gold is beginning to decouple from the dollar.
© Goldilocks
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DF has supported more than 160 projects with $15 million to date
‘Soroban,’ the smart contracts platform on Stellar, marks the network’s biggest upgrade in its 10-year history
Already a world leader in crypto payments, Stellar now supports decentralized finance (DeFi) and applications (dapps)
The Stellar Development Foundation is deploying a $100M Soroban adoption fund PR Newswire
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This Time It’s Gold, Not Bitcoin, That Will Diverge | InvestorPlace
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The Effect of a Stock Market Collapse on Silver & Gold | Gold Silver
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Soaring Gold Prices And Decoupling With US Dollar – Analysis – Eurasia Review
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Acting Comptroller of the Currency Hints About Possible Operational Resilience Regulations | Troutman Pepper – JDSupra
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“As security risks grow more complex, government agencies are emphasizing new regulations to help lay out what businesses need to do to protect their IT infrastructure while also establishing IT security standards. Things like the California Consumer Privacy Act (CCPA) or the General Data Protection Regulation (GDPR) have already had a tremendous impact on the urgency around prioritizing security infrastructure.” | CIO
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Banks are in limbo without a crucial lifeline. Here’s where cracks may appear next | CNBC
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In a recent interview, Standard Chartered’s SC Ventures head Alex Manson told Ledger Insights that the company’s structure allows its subsidiaries to be disruptive. It intentionally separates incubated startups from business lines motivated to protect their profit centers. Today one of SC Ventures’ subsidiaries, Zodia Markets, launched a stablecoin solution targeting corporate cross-border payments. | Ledger Insights
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Ripple Ledger Announcement:
Thrilling information from RippleX! They have officially declared the integration of the BRLA Token, a stablecoin tied to the Brazilian Serious (BRL), on the XRP Ledger. This development marks a substantial phase forward for the XRP Ledger ecosystem, furnishing a new layer of steadiness and effectiveness for the two cross-border and domestic transactions.
Ripple Commemorates Start of Brazilian True Stablecoin on XRP Ledger | Ailtra
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Consumer Sentiment Slips, Housing Construction Material Costs Rise, Mortgage Rates Edge Lower | Costar
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Washington, DC
What to expect from the Fed meeting | CNN
The Federal Reserve is expected to hold interest rates steady for the fifth time at the conclusion of its two-day policy meeting on Wednesday. It will also reiterate that officials want to see more data before lowering borrowing costs or possibly keeping them elevated for even longer. Officials will also release a fresh set of economic projections, which will give Wall Street some clues on the timing and pace of rate cuts this year.
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BlackRock Announcement:
BlackRock, the world’s largest asset manager, has filed a United States Securities and Exchange Commission Form D for the BlackRock USD Institutional Digital Liquidity Fund. This marks the launch of BlackRock’s first tokenized asset fund. | Coin Telegraph
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Japan’s government pension fund on Tuesday said it is requesting information on “illiquidity assets” such as bitcoin as part of research into potential new investments.
The Government Pension Investment Fund of Japan is looking for information about assets such as bitcoin and how these might be incorporated into the portfolio of pension funds.
GPIF’s statement comes days after bitcoin hit an all-time high and after the world’s largest cryptocurrency has rallied more than 130% over the last year. CNBC
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‘A landmark moment’: scientists use AI to design antibodies from scratch | Nature
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The risk of the US Dollar falling after the FOMC meeting is quite low – Commerzbank | FX Street
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e-HKD, tokenised deposits and stablecoins adoption may empower Hong Kong’s future economic development | Markets Insider
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Watch Live
Federal Reserve (@federalreserve) on X
WATCH LIVE TODAY: Press conference with #FOMC Chair Powell at 2:30 p.m. ET
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* Fed rates remain the same, but the FED does expect to make three rate cuts this year. | Wolf Street
