Goldilocks’ Global Economic News 6-3-2024
Qatar Central Bank Announcement | QNA
Doha, June 02 (QNA) – “Qatar Central Bank (QCB) announced on Sunday the completion of the development of the infrastructure for the Central Bank Digital Currency Project (CBDC).”
Now, they are able to settle their digital payments in local and International Banks. They will be testing more applications going forward, and they will be able to settle in large quantities as well.
Currently, they are in their experimental phase that is expected to last until October this year. It will encompass various tokenized assets in the market and portfolios inside the banking system. QNA
© Goldilocks
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“Louisiana Reaffirms Gold and Silver As Legal Tender”
Louisiana is the latest of many states that have gone through the legislative process to confirm that gold and silver are now considered legal tender and cannot be taxed.
This allows new monetary policies to form an expansive view of precious metals now being incorporated into the payment system as a form of legal tender.
On May 8th, 2024, “U.S. Representative Alex Mooney (R-WV) has re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion.”
The Monetary Metals Tax Neutrality Act (H.R. 8279) backed by the Sound Money Defense League is currently on the table to consider precious metals on par with the US dollar.
This will keep money in the hands of the people instead of the federal government who want to grab capital gains tax on the use of what was formerly known as a solid payment system.
At the present time, 40 States have passed some form of Sound Money legislation. The next step is to take these new measures to the Federal Government. Morning Star Money Metals Congress Forbes
Gold will set us free!
© Goldilocks
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The following is a list of recent bank mergers and acquisitions that are currently taking place. This list grows daily, and you can refer to it anytime you like through the link below.
We have talked about this as being part of the end game when we move from Fiat to Gold for the last 3 years.
The banking system is currently in a liquidity crisis that is not being talked about, and many changes are taking place behind the scenes.
I see these bank mergers as part of the process that will move our money into a safer Financial System than before, and one that will meet the needs of the next stage of our evolution financially and spiritually. iBanknet
We are truly witnessing the rebirth of a Global Nation.
© Goldilocks
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“It was decided to stop the companies whose details are listed in the table below from entering the foreign currency buying and selling window”
Iraq is narrowing down the list of companies they will be working with going forward in the buying and selling of their foreign currency.
Many companies buy and sell foreign currencies from around the world. Some companies even go so far as to have some of their people travel to buy currencies from around the world such as Banknote World.
The need for these entities is going away with the new digital banking system. The move to an electronic banking system will soon make these services obsolete after our exchange. CBI Bank Note World
© Goldilocks
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file-171741265259795.pdf
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A financial storm is coming that governments cannot fight | Finance Yahoo
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Aeroponic Farming in India: Simplest and Best Guide Ever | Times of Agriculture
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Ahmed AlKiswani, Qatar Financial Services Sector Leader, PwC Middle East commented: “Qatar is strategically positioning itself as a leading FinTech hub in the Middle East and a pioneer in digital transformation and sustainability within the financial services sector. | PwC
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USD3 Announcement | Crypto Reporter
Fintech company Stable.com announced the launch of USD3, its 1:1 backed stablecoin, declaring its determination to disrupt the current stablecoin landscape and bring serious competition to existing industry players.
USD3 is a US-dollar extension for global commerce and Web3 and the first stablecoin developed with a programmatic layer in mind and a full suite of payment capabilities and tools. It will act as the digital, tokenized model for fiat money for developers globally building protocols, smart contracts infrastructures, and applications on top of blockchain and will provide them with a solution that is interoperable, safe, trustworthy, and can be used and contributed to by everyone.
It will tremendously simplify life for developers, thanks to how easily it can be integrated into dApps and its ability to speed up fund movements, thus driving the industry further on towards its goal of a more open financial system and creating new use cases. Businesses will leverage USD3 to streamline payments globally and simplify access to crypto capital markets.
USD3 will launch on Ethereum, Polygon, Avalanche, and Linea, and will be supported by a variety of ecosystem leaders.
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‘Hundreds of Trillions’– Sergey Nazarov Says 2024 Is Year Crypto and Global Financial System Merge – The Daily Hodl
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Here’s Everything You Need To Know About Banking-as-a-Service | Inc42
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Currently, we are witnessing the merging of the new digital economy backed by gold. It is a Gold Standard formulated through Digital Protocols.
Both Gold and Digital Assets are in their final phases of legislative development and completion.
Enjoy the show.
© Goldilocks
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VaultChain Gold | Kitco
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LAST WARNING: China Is Ready to Reveal the ENDGAME & Gold Prices Will Soar – Alasdair Macleod | Youtube
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In 1912, American financier and investment banker J.P. Morgan said, “Gold is money. Everything else is credit” during his testimony before Congress.
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“Recently, the U.S. Federal Reserve received multiple suggestions regarding the use of XRP in a public questionnaire about CBDCs, prompting speculation about the potential integration of this cryptocurrency into the Federal Reserve’s operations.” | The Crypto Basic
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