Goldilocks’ Comments and Global Economic News Saturday Evening 1-13-24
Good Evening Dinar Recaps,
For the first time in 45 years, US Treasuries have more of a downturn volatility risk potential than gold. This is why we are moving to Basel 3 compliance in our banking system.
Monetary gold now qualifies as a Tier 1 asset, and it is 100% valued for the purposes of bringing stability to the banking system.
On January the 16th, 2024 we move to the final rule stage of Basel 3 compliance in our banking system. At this time, final guidance will be given on Capital requirements held in the banking system in terms of gold and other assets to support it. The New Tier 1 Asset? PinnacleDigest Link
Gold will set us free.
© Goldilocks
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Bitcoin is a convertible virtual currency. This is why we witnessed gold beginning to track Bitcoin on the first day of its introduction (ETF) onto the markets.
Gold tracks currency. Be it cryptocurrency or paper currency, gold will support them as an underlying asset. In the new economy, tokenized assets are supported by gold and other commodities. This will give us a stabilizing effect capable of deflating and inflating the economy through gold.
Back to currencies and cryptocurrencies, we are about to witness more tokenized assets and ETFs come on board with the new digital asset-based trading system. Some of these new assets will be Stablecoins.
Stablecoins are representations of our paper currencies and digital values inside the new payment systems we will be utilizing. Yes, they will be tracked and supported by gold giving them a stronger value.
Gold serves as a hedge for declining currencies and issues with inflation. When Stablecoins begin to make their way into this new Digital Market, it will be important to keep our eyes on their relevance to our paper currencies. Gold as a strategic asset – Reuters
© Goldilocks
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The ERC-7265 token standard proposes adding a “circuit breaker” mechanism to DeFi protocols to stop the transfer of Ethereum-based tokens in the event of a hack. CoinDesk Link
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FED LEAK: This Is a GAMECHANGER for Gold & Silver – Andy Schectman
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Government shutdown looms as lawmakers battle over immigration – FOX19 Link
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New ETF Banking Announcement:
JPMorgan Active Bond ETF (JBND) is expected to begin trading in February.
J.P. Morgan Asset Management today announced its intent to transfer the exchange listing the JPMorgan Active Bond ETF (NYSE: JBND) to the New York Stock Exchange (NYSE) from NYSE Arca, effective January 30, 2024.
J.P. Morgan Asset Management to Transfer JPMorgan Active Bond ETF (JBND) to NYSE from NYSE Arca PR Newswire
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Judge Approves Settlement: Binance to Pay $1.5 Billion to CFTC, CZ to Pay $150 Million Fine Crypto News
The Expertise Advisory Committee of the US Commodity Futures Trading Commission(CFTC) has taken a big step in addressing the challenges posed by decentralized finance (DeFi) by voting to submit a report urging the federal government and trade to prioritize understanding and regulating the sector.
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Top 10 Artificial Intelligence Technologies In 2024 | AI Tools
Artificial Intelligence is the simulation of the pretense of human intelligence processes by machines, particularly computer systems. Though the term Artificial Intelligence has been around for more than 50 years, it was 20 years before the world began to understand its massive potential. Artificial intelligence has various applications like Simulation, Natural Language Processing, Speech Recognition, and Robotics.
There has been a constant development in the Artificial Intelligence field, and the growth is aggressive. Today, Artificial Intelligence is everywhere. So, learning about Artificial Intelligence technologies will help you stay up-to-date. This Artificial Intelligence technologies blog will explore some famous technologies like Natural Language Processing, Robotic Process Automation, etc.
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Last November the BIS Innovation Hub revealed it was planning a project with the Swiss National Bank and the World Bank to tokenize promissory notes. Yesterday it provided a few details, including the project’s name, Promissa, and a target deadline of early 2025 for completing the proof of concept.
The IMF will participate as an observer.
Today promissory notes are largely paper-based, but the objective isn’t purely to digitize them. Using a distributed ledger will create a single source of truth and provide an overview for all parties. So countries that make financial commitments to the World Bank, the IMF and potentially other institutions can see all their outstanding promissory note commitments in one place. And the World Bank can also have a single view of all the promissory notes.
BIS, World Bank, Swiss National Bank to Tokenize Promissory Notes – Ledger Insights 1
BIS, World Bank explore tokenizing promissory notes for development funds – Ledger Insights 2
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SOUND 2024 OUTLOOK FOR GLOBAL BANKING, BUT KEY DOWNSIDE RISKS LIKELY TO PERSIST – International Banker
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Creation of minerals “Super Region” could make Africa, Middle East and South Asia global leaders in energy transition | African Mining Market
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Saudi Arabia signs mining deals with four nations – Mining Technology
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#JimWillie : #Gold Is Replacing Treasuries As Store of Value NOW
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