Goldilocks’ Comments and Global Economic News Friday Evening 12-29-23

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Goldilocks’ Comments and Global Economic News Friday Evening 12-29-23

Good Evening

“Since 1979, the Federal Emergency Management Agency (FEMA) has been the Federal Government’s lead agency in responding to and recover- ing from many of the Nation’s greatest moments of crisis.”

India is proposing New Foreign Exchange Rules. Stakeholders have been invited to share their comments regarding FEMA involvement on the draft Licensing Framework for APs. These comments will be accepted until January 31st, 2024.

APs stands for authorized persons to oversee the new functions and standards of their Foreign Currency Exchange Department.

The purpose of these actions will be to carry out the implementation of operational efficiency in their delivery of foreign currency exchanges going forward. This will cover all areas of an economy where exchanges take place such as airports and tourist exchange centers.

As you can see, a lot of management takes place behind the scenes of even the Banking and Market systems. Although it doesn’t seem fast enough, we are moving forward.

Many people hold currencies the RBI will be moving through their system under their new digital asset-based trading payment system called the UPI.

The Unified Payments Interface (UPI) will be involved with moving the Iraqi Dinar, Indonesian Rupiah, Vietnamese Dong, US Dollar, Indian Rupee, and other currencies. These currencies used to utilize the US Dollar in trade, and now, they are beginning to use their own local currencies. Each will be given a watchful set of eyes to make sure foreign currency exchanges begin the process of new money flow efficiently and safely on a Global scale.

© Goldilocks
Arabian Business Link
Money Control Link
FEMA Link

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Folks, this transition is a big deal, and it involves more than just you and I receiving money.

A lot of time and effort has gone into making this Global monetary transition as easy and safe as possible.

2024 is the projected year for this transition. It will not be done in a single day. We will stay informed as to what the banking system is doing behind the scenes and report our findings as soon as we can.

This is why I’ve been working with Salty and her Seeds of Wisdom team on putting information on her website in case we have trouble with social media sites.

© Goldilocks
https://www.seedsofwisdomteam.com/

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Press release: Basel Committee consults on targeted adjustments to tighten its standard on banks’ exposures to crypto assets  https://www.bis.org/press/p231214.htm

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December brings flurry of Treasury activity against virtual currency services   DLA Piper Link

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“Bitcoin bulls and bears prepare for end-of-year $10B BTC options expiry – Nusrat Computer”

“Bitcoin’s (BTC) market is preparing for a $10.1 billion options expiry, a significant event set to occur on Dec. 29 at 8:00 am ET. The latest data indicates that call (buy) options hold a clear advantage, but bears could significantly limit their losses by pushing Bitcoin’s price below $42,000.” Nusrat Computer Link

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Fifth of Global Oil Trade Used Non-Dollar Currencies in 2023   OilPrice Link  

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BRICS: 130 Nations Move Toward CBDC, US Dollar at Risk

https://cryptorank.io/news/feed/cc19e-brics-130-nations-move-toward-cbdc-us-dollar-at-risk

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BRICS revolution: UAE and China announce mega trade shift using local currencies
https://www.cryptopolitan.com/uae-and-china-to-settle-trade-in-yuan/

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Pix (Brazil), UPI (India), and FedNow (US) are all payment infrastructures designed to interconnect various financial institutions within the countries in which they operate, facilitating the capability for instant 24/7/365 payments between these institutions.

https://paymentscmi.com › insights
Comparing RTP systems: Pix, UPI, and FedNow

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Bob Kudla – There Is One Chart That Explains Where We Are Headed, Market Correction

X22 Report Link

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2024 will go down in history as the year Market Corrections took place across the globe.

© Goldilocks

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SILVER ALERT! COMEX Silver Exchange is DYING as Physical Silver DISAPPEARS! Lowest 1st Day EVER! (Bix Weir)

The 2024 COMEX Silver market is starting with a Whimper and NOT a BANG! 
 
On the 1st day of notification ALL the traders in COMEX Silver combined only stood for 28 Contracts on the first delivery day in January 2024! 
 
That’s like it’s not even relevant but WHY is an exchange that SETS the global price for silver NOT EVEN DELIVERING PHYSICAL SILVER? 
 
Is it because THEY ARE OUT of available Physical Silver?! 
 
Time will tell but You know where you should be positioned in 2024…VERY LONG PHYSICAL SILVER!

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