“Currency Bubble” – Seeds of Wisdom RV/GCR Update(s) from Goldilocks 10-23-23

Goldilocks and Seeds of Wisdom

Auto loan delinquencies among Americans have reached their highest level in 30 years That’s a clear sign of malaise at a time when the economy is sending mixed signals, particularly about the state of consumer spending

Auto loan delinquencies among Americans have reached their highest level in 30 years

That's a clear sign of malaise at a time when the economy is sending mixed signals, particularly about the state of consumer spending pic.twitter.com/xfzXj35fKf

— Multipolar Market (@MultiPolarMarkt) October 22, 2023

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The move to T+1 securities settlement was a hot topic at @Sibos 2023. With the clock ticking towards reduced timelines for processing in the US and Canada, Jonathan Ehrenfeld Solé, Head of Securities Strategy at @Swift and Sam Riley, CEO of @Clearstream Securities Services sat down with Sibos TV to explain how better automation and initiatives like the unique transaction identifier can ease this transition.

https://twitter.com/swiftcommunity/status/1716436750543790480?t=PYmtjxWO3umvJ0CzJFutpg&s=09

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S&P 500 Technical Analysis for October 24, 2023 by FXEmpire

The S&P 500 has fallen overnight in the futures markets, as it looks like we are heading toward the 4200 level in an attempt to break down.

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JP Morgan and Mastercard’s new Pay-by-Bank solution goes live in the US 

The solution leverages Mastercard’s open banking technology to enable consumers to share their financial data to pay third parties directly from their bank account using traditional ACH banking rails. This process eliminates the need for customers to manually enter their banking information when completing online transactions, while billers no longer need to risk storing sensitive financial data.

Pay-by-Bank is also integrated with Mastercard’s Smart Payment Decisioning Tools suite, which through the application of data analytics and machine learning can determine the best time to initiate payments in order to reduce the risk of returns due to insufficient balance and minimise the potential for payment failures.

It also promotes heightened payment security, as it requires consumers to engage with their existing authentication protocols, such as biometrics, in order to complete transactions.

https://www.fintechfutures.com/2023/10/jp-morgan-and-mastercard-go-live-with-pay-by-bank-solution-in-the-us/

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How Geopolitical Turmoil Affects Asset Classes
https://youtu.be/6v-J_xrsCCw?feature=shared

We talked about this a week or two ago. I just wanted you to listen to what AI says about geopolitical turmoils and how it affects asset classes.

@ Goldilocks

Source: Dinar Recaps

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“The majority of cross-border payments are currently carried out via telegraphic transfers supported by SWIFT’s network of correspondent banks. These transfers are often criticized for being slow and expensive. A transfer can take several days to complete, while the World Bank estimates the average cost of a transaction to be about 6% of the transfer value.”

We are currently at T+ 1 settlements and moving towards T+ 0 settlements. In other words, we are very close to seeing instant payments on cross-border international trading transactions.

This is very important to the Forex Market since foreign currency trades will happen around the world due to a changeover from a world Reserve Currency transaction to trading in local currencies.

“Atomic Settlements” are becoming possible through technology’s ability to simultaneously secure both sides of a trade at the same time through artificial intelligence (computer transactions).

Smart contracts will ensure both parties have the ability to pay for such services, and the efficient transactions between two countries involved in a trade create money velocity and security.

This is why Forex has been under currency reforms this year. This particular sector of the market is expected to grow by leaps and bounds due to the changeover of a Global Monetary Policy utilizing local currencies around the world.

CoinTrust Link
KapronAsia Link

© Goldilocks

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Instant Payments Force Banks to Examine Limitations of ‘Creaky’ Legacy Systems

Pymnts Link

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Qatar signs pact with WEF to set up Fourth Industrial Revolution centre

Qatar, represented by the Ministry of Finance, Sunday signed an agreement with the World Economic Forum (WEF) to establish a “Centre of Excellence for the Fourth Industrial Revolution” in Qatar.

The agreement was signed by HE the Minister of Finance, Ali bin Ahmed al-Kuwari, and WEF founder and executive chairman Prof Klaus Schwab, in Doha.

This strategic partnership paves the way for future collaboration, as the centre aims to promote technological progress, diversify the economy, and to promote sustainable development in Qatar, the Ministry of Finance said yesterday.

It provides resources and an appropriate environment for research and development and the application of modern technologies that include artificial intelligence, blockchain technology, advanced manufacturing, Internet of Things, renewable energy, and others.

Gulf-Times Link

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“India’s Central Bank Launches Groundbreaking Digital Currency Pilot Program”

Finally, India has embarked upon their pilot program of utilizing Central Bank Digital Currencies in place of Banknotes in cross-border international trading through the UPI or the Unified Payments Interface in computer terms.

CBDCs will represent a country’s currency going forward inside International Banking Systems.

A pilot program is the final phase of development. The next step will move towards implementation.

Do not forget. Iraq has already signed a contract to work with India on future trading transactions through the UPI. This will increase demand and value for the Iraqi Dinar through price pressure computations in the new digital banking system.

The Currency Analytics Link

© Goldilocks

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High inflation triggers an alarming decline in bank deposits
https://www.observerbd.com/news.php?id=442802

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Biden moves to lift Venezuela oil sanctions meets criticism from Manchin, Republicans

The Hill

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Iraqi Dinar – CBI Governer Al Alaq Huge Announcement | Iraqi Dinar News Today 2023 / Iqd Dinar 
https://youtu.be/XTKqayLvlHc?feature=shared

We already talked about all of this during the last few weeks, but this is a good review.

@ Goldilocks

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We are now in a Currency Bubble.

© Goldilocks

Source: Dinar Recaps

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