Goldilocks’ Comments and Global Economic News Saturday AM 1-6-24

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Goldilocks’ Comments and Global Economic News Saturday AM 1-6-24

Good morning Dinar Recaps,

“In response to a surge in attacks on merchant ships, 18 significant shipping companies have opted to avoid transiting the Red Sea, as reported by the International Maritime Organization (IMO). IMO Secretary-General Arsenio Dominguez informed the UN Security Council on Wednesday that a substantial number of companies have rerouted their vessels around Africa to mitigate the impact of attacks on seafarers.”

“While we continue to hope for a sustainable resolution in the near future and do all we can to contribute towards it, we do encourage customers to prepare for complications in the area to persist and for there to be significant disruption to the global network,” it added.  K News Link Port Calls Link

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The moment we see a revalued price on gold, at some level all currencies will be partially gold-backed.

© Goldilocks

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A full revaluation of the gold price to its real value will give us a fully gold-backed system.

© Goldilocks

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Bank Indonesia (BI) has confirmed plans to move ahead with exploring a central bank digital currency (CBDC) in 2024, with full-scale trials in partnership with leading commercial banks.
Coin Geek Link

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Two Banking Announcements:

* Basel Committee finds Mexico compliant with its Net Stable Funding Ratio standard and large exposures framework, and largely compliant with its Liquidity Coverage Ratio.

* Assessments find Switzerland largely compliant with the Committee’s Net Stable Funding Ratio standard and large exposures framework.  https://www.bis.org/press/p231213.htm

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“Mortgage demand plummets again despite drop in interest rates”

Let me give you an idea of just how big the Mortgage Market really is: Residential Mortgage Market Size:  Residential $13.864 trillion. This is not counting Corporations and Business offices.

The Housing Market is still in the process of resetting their prices to coordinate their values with the Banking System’s new Basel 3 Capital requirements being implemented on January the 16th, 2024.  

Look for new market valuations to form in the near term inside this multi-trillion-dollar business. Coordinating real-world values between the markets and the banking system is a phase of the global economic reset that is just beginning to come to a head.

© Goldilocks
FOXBusiness Link
BankingStrategist Link
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Washington, D.C. — Commissioner Christy Goldsmith Romero, sponsor of the Commodity Futures Trading Commission’s Technology Advisory Committee (TAC), today announced a detailed agenda for the TAC’s live-streamed January 8, 2024 public meeting at the CFTC’s headquarters. 

“Debate around issues of emerging technology for financial markets is enhanced by the Commission’s engagement with the broad and diverse group of technology experts who serve on the TAC, and I am grateful for their service,” said CFTC Commissioner Goldsmith Romero.

“Technology issues are critically important. Artificial intelligence can be transformative, but only if implemented responsibly, in a way that protects customers and markets from harm. Cybersecurity risks continue to be an area that keeps people up at night, and requires constant vigilance. I am also very grateful for the Subcommittee’s work to study decentralized finance, an area where greater understanding will better inform policy decisions.”   

https://www.cftc.gov/PressRoom/PressReleases/8846-24

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