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Goldilocks and Seeds of Wisdom
Gold imports from Russia to Hong Kong surged by 750% from January to September 2023, compared to the same period the previous year.
There is a global gold reshuffling right now.
It is very clear.
Gold is playing a central role in the financial strategy of China and Russia.
Read: https://twitter.com/GoldTelegraph_/status/1719436115038601692
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Shafaq News/ The Kurdistan Regional Government decided, today, Tuesday, to start dealing in the Iraqi dinar at all border crossings and airports, starting from the beginning of next month.
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70% of Iraq’s imports come from BRICS countries
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Paysend Announces Agreement with Western Union to Bolster Global Money Transfer Services
The Western Union Co. announced customers will be able to send money via the company’s digital service directly to Visa and Mastercard cards through an integration with Paysend, a card-to-card payments platform.
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Lightspeed Commerce Inc. launched several new features including artificial intelligence-assisted menu creation, better insights into popular items, staff performance tools, and the release of its Services Module, aimed at merchants with service components.
Yardi, a property management software maker, eliminated automated clearing house fees for clients and residents using Yardi for rent payments in the United States and Canada beginning in January. More than 15 million rental units are on the Yardi platform. It also will launch a rewards program in 2024.
Old Glory Bank said its customers can donate to Code of Vets, a military-veterans group, through the bank’s Old Glory Pay QR code at the Code of Vets Web site.
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The World Bank Eyes an Overhaul Amid the Climate Crisis
Carnegie Endowment for International Peace
Goldilocks pointed to this article.
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The U.S. Ambassador to Canada says that for a secure transition to clean energy, Canada and the United States must enhance their domestic mining and refining of critical minerals.
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Countries are starting to rush for critical minerals.
Copper...
Many continue to sleep on this.
Read: https://x.com/goldtelegraph_/status/1719485591887245725?s=46
Goldilocks pointed to this article also.
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Protocol 20 Update:
“Soroban inches ever closer to launching on Mainnet, with the smart contracts platform now live on Testnet and the validator vote for the Protocol 20 upgrade approaching early 2024.
Soroban is built with security in mind. To further augment the platform and its cutting-edge formal verification capabilities, SDF and industry-leading security firm Certora have announced security support for Soroban.
The Anchor Platform, designed to simplify integration to the Stellar network, added a second ‘standard’ for on and off-ramping. This enhancement makes it easier for businesses to connect to the Stellar blockchain and offer their services through various digital wallets.”
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https://stellar.org/blog/foundation-news/stellar-development-foundation-q3-2023-in-review
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Consumer Confidence Index Dips as Inflation Fears Heighten
https://www.investopedia.com/consumer-confidence-index-dips-on-inflation-fears-8385026
Source: Dinar Recaps
Iraq Moves Further Out Of U.S.’s Influence With New Russia And China Deals
“With the U.S.’s current primary Middle East focus being on trying to deter a widening of the Israel-Hamas War, China and Russia have been busy cementing their influence elsewhere in the region, most recently in Iraq.”
Iraq has made a new agreement with China. It is called the Iraq-China Framework Agreement. Basically, China has first refusal on all oil, gas, and petrochemicals projects that come up in Iraq.
You know there will be other agreements that are not talked about in an article such as trading in the Petro Yuan.
We are witnessing a reset in the oil, gold, and silver sectors. These sectors of the market create a foundation for price patterns on the rest of it. The debt clock is a place for us to look and find these figures.
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© Goldilocks
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We now have the two largest oil producers in the world switching over to local currencies in trade. Iraq and Saudi Arabia are currently in the process of making this transition.
The transition of the Petro Dollar to the Petro Yuan in oil trades will begin the process of leveling off of our currencies around the world who trade with them in their own local currencies.
As we approach the completion of Protocol 20 and integration of Quantum Technologies by the first part of next year, we look to be in a spot whereby Quantum Technologies can begin to network at real values.
This will make it easier for a repricing event of the global economy to begin taking place in the first quarter of 2024.
Time will tell.
https://stellar.org/blog/foundation-news/stellar-development-foundation-q3-2023-in-review
© Goldilocks
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Singapore Central Bank and Global Regulators Collaborate on Asset Tokenization Pilots
The Monetary Authority of Singapore (MAS), Singapore’s financial regulatory authority, has founded a Project Guardian policymaker group in partnership with the Financial Services Agency of Japan (FSA), the Financial Market Supervisory Authority of Switzerland (FINMA), and the Financial Conduct Authority of United Kingdom (FCA), according to Monday press release published on the MAS’ website.
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“The GAO confirmed what many suspected: SAB 121 is subject to Congressional review,” said Chairman McHenry. “This rule would impose massive new requirements on financial institutions and other firms to place digital assets on their balance sheets as a liability with a corresponding asset. Ultimately, this would deter institutions and firms from offering custodial services—denying Americans access to safe and secure custody of their assets. SAB 121 was drafted with zero input from prudential regulators and the public, and now Congress must step in to block this harmful rule.”
“Staff Accounting Bulletin 121 should have been an official rule issued by the SEC through the normal process of federal rulemaking. This bulletin has massive implications, and the SEC should have received feedback on it from the federal banking regulators and the public before implementing this legally binding directive,” said Senator Lummis. “I have serious concerns over the impact of this bulletin on consumer protection and ensuring well-regulated financial institutions are able to provide safe custody for Americans’ hard-earned financial assets is my top priority. This sets an incredibly dangerous precedent. I plan to use the Congressional Review Act to block this rule in the coming weeks.”
Goldilocks pointed to this article
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JPMorgan Chase Is Ramping Up its Digital Currency Ambitions
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FOMC Press Conference Introductory Statement, July 26, 2023
https://youtu.be/-c-TLn5BR0c?feature=shared
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BREAKING: 🇺🇸 Federal Reserve pauses interest rate hikes, remains at 5.25% – 5.50%.
@WatcherGuru
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Today, China’s biggest index provider launched two stock indices linked to gold, which include shares of global gold mining companies.
Read: https://x.com/goldtelegraph_/status/1719809391174865082?s=46
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HSBC adds fuel to tokenization fire with gold-focused offering
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London-based financial giant HSBC is trying its hand at gold tokenization.
The bank launched tokenized ownership of physical gold held in its London vault on Wednesday, noting its use of distributed ledger technology (DLT) to trade the assets.
The approach “generates a permissioned digital representation of clients’ physical gold holdings,” the company said in a news release. One token on HSBC’s gold tokenization platform is equivalent to 0.001 troy ounce.
Tokenized physical gold can be traded between HSBC and institutional investors through the HSBC Evolve platform.
https://www.blockworks.co/news/hsbc-explores-gold-tokenization
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According to an announcement by @swiftcommunity the Payments Market Practice Group (PMPG) has recently updated their #ISO20022 adoption guidelines. okt.to/4ZLyH6
https://twitter.com/payment_infrast/status/1719688993795723754?t=yF86cdi0jQhWXbMjGqtIzA&s=3
ISO 20022 Payments Migration & Interoperability Considerations for the Global Community Version 2
https://www.swift.com/swift-resource/251867/download
Source: Dinar Recaps
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