Goldilocks’ Comments and Global Economic News Wednesday Evening 11-8-23
Good Evening ,
Dodd-Frank Update:
We have a lot of people utilizing digital apps these days that may not be covered under the FDIC protection mechanisms. There is an ongoing movement to educate people in this area of their money holdings. We have seen FTX and other cryptos fail this year without protections for their customers, and it is important to only invest what you can afford to lose in any of them.
As these systems become more integrated in the years to come, it is important to just simply be careful.
© Goldilocks
Dodd-Frank update Link
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How to Migrate to ISO 20022 ACI Worldwide Link
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Ripple To Partner With Georgia’s Central Bank in the Eurasian Country’s CBDC Pilot The Daily Hodl Link
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Supply Chain Resiliency Can Be Boosted with Production Production and Digital Maturity
Material Handling and Logistics Link
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Defaults of high-yield corporate bonds are accelerating and could bring a $46 billion wave of distressed debt in 2024, Bank of America says BusinessInsider Link
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Metals Focus predicts a boost in precious metals demand due to advanced AI chips and electronic components.
Silver is expected to be most affected, being a key element in electronics and facing supply constraints with rising green energy needs.
Industrial demand for gold has dropped this year, but the overall tech sector uptake of precious metals is forecasted to rebound next year due to AI developments.
https://oilprice.com/Metals/Gold/AI-Surge-To-Fuel-Precious-Metals-Demand-In-2024.html
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PBoC in a Hurry to Buy Gold: Covertly Bought 593t of Gold YTD
https://www.gainesvillecoins.com/blog/pboc-in-hurry-to-buy-gold-covertly
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FCA and Bank of England publish proposals for regulating stablecoins Bank of England Link
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MORE RUNS ON BANKS… EXPECT PRICE ACTION DISTORTIONS TO WORSEN, FASTER.
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BRICS: Russia Dumps Currencies Worth $8.7 Million in Yuan & Ruble Set – BRICS continues to DUMP the dollar🔥
BRICS member Russia is aggressively buying and selling currencies in the foreign exchange markets. The Central Bank of Russia initiated large amounts of ‘buy’ and ‘sell’ of currencies in the domestic market on Tuesday. The regulator is exchanging currencies in the Moscow Exchange section and sold tenders worth 0.8 billion Rubles. The first settlement was initiated on November 2, 2023, continuing over Monday and Tuesday of this week.
It was reported on the 9th of October BRICS dumped a total of $123 billion in U.S. treasuries in 2023.
https://watcher.guru/news/brics-russia-dumps-currencies-worth-8-7-million-yuan-ruble
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CFPB Proposes New Federal Oversight of Big Tech Companies and Other Providers of Digital Wallets and Payment Apps
Consumer Financial Protection Bureau Link
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Blockchain Revolution: A Race for Banking’s Survival
https://www.financemagnates.com/cryptocurrency/blockchain-revolution-a-race-for-bankings-survival/
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Keough School expert to play key role in COP28 climate talks on food systems
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Fedwire Will Get Boost From ISO 20022 and Data-Rich Messaging
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“Agencies Extend Comment Period on Proposed Rules to Strengthen Large Bank Capital Requirements”
The Office of The Comptroller of The Currency is informing us that they will begin the final phase of Basel 3 requirement implementations on January 16, 2024.
This is the point to which the banking system will have enough capital requirements to synchronize their support of the banks and markets going forward.
Unless they extend this date, Basel 3 requirements will be on center stage.
© Goldilocks
https://www.occ.gov/news-issuances/news-releases/2023/nr-ia-2023-116.html
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Hello tomorrow I have a very very important cc to see where are we , as soon as I finish I will post , blessing © Isaac
Isaac’s room link https://t.me/joinchat/Tc5mohvokA3F-CnM
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The Bank of Russia will be creating a digital ruble payment system with the United Arab Emirates.
This is a major development. Here comes CBDCs. Read: https://x.com/goldtelegraph_/status/1722344359428075625?s=46
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