Goldilocks’ Comments and Global Economic News Thursday Evening 1-18-24
Good ,
After all the announcements and news of today, Goldilocks writes the following:
Most people on this venture do not realize what’s really going on at this point. Did you know you are sitting on a gold mine? Every currency that you hold from around the world is about to be turned into gold and holds a value at a fixed rate.
Watch what happens this month as certain transitional events will begin the process of turning everything that has an asset value to one that is based on its worth in gold.
* January 10th spot Bitcoin ETF
* January 16th Basel 3 final rule implementation
* Protocol 20 begins the process of tokenized assets joining networks from around the world in three phases
Literally, everything is about to be worth its weight in gold.
© Goldilocks
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The Treasury Bond Yield Curve is an important indicator for long-term trend signals on the markets.
Long-term Bond Yields have forced investors to look towards short-term Treasury Bonds for short-term gains since 2022 i.e. 2-year yields.
Short-term Treasury Bonds are considered safe until recently. Currently, short-term bonds are looking as though they are saturated.
This signal shows a shift in the macro environment. It tells us there is a formulation of new trends for long-term investments in gold and other commodities over the dollar and the bonds that support it.
These new market trends are shifting the dominance of the dollar in trade towards other currencies backed by real values such as gold. Seeking Alpha Link
© Goldilocks
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“The International Swaps and Derivatives Association is a trade organization of participants in the market for over-the-counter derivatives.”
The ISDA has responded to the Securities Industry and Financial Markets Association (SIFMA) on the US Basel III ‘endgame.’
They submitted a notice of proposal on the rule-making process a warning. Their concern is that Capital requirements between the Banking system and the Markets as well as US merchants are too high. It is believed that this will hinder many of the opportunities for growth going forward.
Liquidity is the lifeblood of a financial system, and ease of movement is necessary to synchronize and capitalize on Market opportunities through the Banking System.
There is a delicate balance between companies and the government that has to be maintained in order to keep companies in the hands of the people, and not, taking over by the Government because of liquidity issues.
Between now and March the 11th, 2024, many adjustments will be made to secure company growth through these new Basel 3 Capital requirements. At that time, old liquidity will give way to a commodity-based support system. ISDA Link
© Goldilocks
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The role of Ripple Labs and Stellar Lumens in the cross-border ecosystem cannot be ignored as they rub shoulders with industry giants like Swift. To many XRP enthusiasts, Ripple’s future in the ecosystem cannot be questioned as it aims to dominate the industry and send the XRP price to an unimaginable height.
According to reports, this ecosystem is expected to value around $250 trillion by 2027. Several reports have lauded Ripple’s cross-border capabilities as its transactions are reported to streamline and enhance the efficiency of international financial transfers.
CryptoNewsFlash Link
Investors Observer Link
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Banking Announcement:
“Chainlink has integrated Circle’s Cross-Chain Transfer Protocol (CCTP) with its Cross-Chain Interoperability Protocol CCIP system. The project will use CCTP to handle secure USDC stablecoin transfers across different blockchains.”
This will enable blockchain transfers from one stablecoin to another within one’s country and across borders.
Again, stablecoins represent a country’s currency, and the ability to form Cross-border International networks with these accounts will enable multi-currency accounts to be a portfolio option for customers. https://www.theblock.co/post/272827/chainlink-circle-cctp-usdc
© Goldilocks
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(Kitco News) – Although gold has started the new year on a quiet note as prices consolidate above $2,000 an ounce, one investment firm expects a sequence of new all-time highs as both gold and silver embark on a long-term bull market.
In their recently published 2024 outlook, analysts at AuAg Funds said they expect to see a 20% rally in gold prices this year, pushing the market past $2,400 an ounce.
The Sweden-based investment firm expects a shift in the Federal Reserve’s monetary policy to drive the rally in precious metals.
“We believe that central banks will shift away from rate hikes and adopt a more accommodative policy stance in 2024, which will catalyze a substantial upswing in gold prices for the foreseeable future,” the analysts said in the report. Kitco News Link
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Is Gold Becoming the World’s New Reserve Currency? | Gold Investing | XTB
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Critical minerals such as copper, lithium, nickel, cobalt, and rare earth elements are essential components in many of today’s rapidly growing clean energy technologies – from wind turbines and electricity networks to electric vehicles. Critical Minerals – Topics – IEA
👆 Goldilocks pointed to this article
Copper!
@ Goldilocks
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Google India Digital Services and NPCI International Payments have signed a Memorandum of Understanding (MoU) that will help expand UPI payments to countries beyond India. IndianExpress Link
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Chainlink CCIP Integrates Circle’s CCTP to Support Cross-Chain USDC Transfers | PR Newswire
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Google Pay partners with NPCI to expand UPI for international payments | The Indian Express
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US Industrial Production Edges Up to Close Out Soft Year – BNN Bloomberg
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🚨RIPPLE XRP🚨QUANTUM FINANCIAL SYSTEM🚨BLACKSWAN EVENT INCOMING🚨
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What should I do if I can’t pay a medical bill?
If you still owe the bill or a part of it, here are some options: Negotiate the bill down to an amount that you can afford. Ask if the provider will accept an interest-free repayment plan. Look for help paying medical bills, prescription drugs, and other expenses.Dec 7, 2023 Consumer Financial Protection Bureau
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