Goldilocks’ Comments and Global Economic News Wednesday Evening 10-18-23

19/10/2023

Goldilocks’ Comments and Global Economic News Wednesday Evening 10-18-23

Good evening Dinar Recaps,

Take a close look at the links below. We talked about this the last few weeks. Volatility and price distortions are really beginning to surface.

Markets run on correlated and real values, and we have neither of them.

The current changes being made to the financial system through tokenized assets, new Capital requirements for banks, and a repricing event in gold are setting the stage for a new economy.

© Goldilocks

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“His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received His Excellency the British Ambassador to Iraq, Mr. Stephen Hitchen.”

They talked about utilizing “external transfer mechanisms” between their countries in accordance to International electronic trade regulations.

An external trade mechanism basically means money transfers from Banks to Banks from different countries.

Here, we see another agreement being made regarding the use of the Iraqi Dinar as they approach “dinar only” trades at the beginning of January 2024.

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“We are launching the Digital Dollar Project to catalyze a digital, tokenized U.S. currency that would coexist with other Federal Reserve liabilities and serve as a settlement medium to meet the demands of the new digital world and a cheaper, faster and more inclusive global financial system.””
Digital Dollar Project Link

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U.S. Dollar ‘Collapse’ Primes Crypto For ‘Trillions’ To Flood The System—Triggering An ‘Epic’ Bitcoin, Ethereum, XRP And Crypto Price Prediction

Fobes Link

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Four Bills that will define the future of digital assets

CityAM

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Towards Unbreachable: Strengthening Security Protocols in Blockchain Networks
https://blockchainreporter.net/towards-unbreachable-strengthening-security-protocols-in-blockchain-networks/

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Stellar Ensures Security for Soroban Platform

CryptoNewsBytes Link

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What Happens When Major Currencies Start to Fail? – Lyn Alden (Pt 2/2)

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Today we’re excited to release the mainnet alpha of the Taproot Assets daemon, providing a feature-complete developer experience for issuing, managing, and exploring stablecoins or other assets on the bitcoin blockchain. This release also begins forward compatibility, which means the protocol will not have any more breaking changes that would affect assets issued on mainnet. This mainnet release of the protocol supports on-chain functionality, with Lightning support coming soon.

This release marks the dawn of a new era for bitcoin. With Taproot Assets v0.3, builders have all the tools needed to make bitcoin a multi-asset network, but in a scalable manner that upholds bitcoin’s core values. We believe this new era for bitcoin will see a myriad of global currencies issued as Taproot Assets, and the world’s foreign exchange transactions settled instantly over the Lightning Network.

https://lightning.engineering/posts/2023-10-18-taproot-assets-v0.3/

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Unlocking Africa’s Crypto Potential: VALR Teams Up with Visa

Unlocking Africa’s Crypto Potential: VALR Teams Up with Visa

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New #ISO20022 data requirements: … it is recommended that industry players start looking into the implementation as soon as possible, @DBCorporateBank emphasizes in its current ‘flow briefing’.

https://corporates.db.com/publications/flow-briefing/

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Jim Willie: Inside The Israel Conflict, Update on De-Dollarization

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“Federal Reserve Policies Spark Recession Concerns, Experts Advise Strategic Investments”
Investing Link

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On January 1st, 2024, Iraq is banning the bank withdrawal of the US dollar.

If you want US dollars when you get off the plane in Baghdad, you now have to buy the US dollar as a foreign exchange transaction.

What a difference a year makes. The use of the dollar is being banned, and now, you have to pay to use it.

© Goldilocks
https://cbi.iq/news/view/2452
NNA Link

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The yuan surpassed the euro to become the second main currency in trade for the FIRST time

This is according to SWIFT

People might scoff at the percentage, but they overlook the underlying trend unfolding

More and more countries are looking to settle trade in local currencies

Read: https://twitter.com/GoldTelegraph_/status/1714712286919880870

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🔴 BRICS Major WIN: BRICS Pay Digital Blockchain Payment System Launched