GCR Updates As Of 24 June 2024.

[Luigi1]

Goldilocks:       China has been selling their US Treasury Bonds & buying gold to create a diverse net worth of their holdings in gold.  It has allowed them to decouple their economy from the Dollar & begins a Treasury Bond Market of their own.      

ARTICLE:  As of May 2024, gold makes up 4.9% of China’s foreign exchange reserves.  Central Banks have been buying gold at record rates around the world to achieve their Independence & Sovereignty.

 

The bond market plays an important role in the valuation of financial assets.  The utilization of this financial tool will aid the countries who have moved through their Article 4 consultations with the IMF to achieve financial clarity & direction.

 

China intends to move into their Treasury Bond Market gradually.  They intend to use this as a liquidity tool to help manage interest rates & move their monetary system forward through the support of gold as collateral instead of the Dollar.

 

Other countries around the world are in process of doing the same.   Over time, we will be witnessing an increase of ER determined by each country’s ability to collateralize their newfound level of Independence through gold as it deflates their inflating economies.

 

It is important for us to watch these new trends as they will create new valuations upon currencies that have been lying dormant for many years.  These new local currencies being traded between nations going forward will soon be operating from their own strength & support through gold.  Gold will set us free.       © Goldilocks

 

-The tokenized US Treasuries market reached an all-time high of 2,143 holders on June 18th, with a 250% year-to-date growth, according to data aggreg-ator RWA.xyz.  The Ondo Short-Term US Government Bond Fund (USDY) leads with 1,054 holders and over $218 million in tokenized bonds.

 

 

Tokenized US Treasury Market! Do you see it’s importance now?  And why, Central Banks have been buying so much gold?  The Central Banks have been the banks for our banks for a long time & now, they are about to become our banks through a Digital Network System.

 

As our bond markets are tokenized, they will be the underlying assets that support the rest of our country’s currencies.  Because these tokens have gold within there net worth, it will turn our fiat system into a Real World Asset backed by gold utilizing a digital protocol that standardizes each transaction made around the world.

 

This is the new Gold Standard, of which, we are in process of achieving. It will guide us forward into more & more creative possibilities that are endless in their capacity to achieve abundance we have not seen before.

 

We are certainly not there yet, and transitions can be hard. But, we are standing at the edge of an opportunity that requires faith, hope & love for those around us as we journey through this time together.  CryptoBriefing.   RWA.

 

 

-The world we have been seeking for so long has just found us, and we are about to step into it.       © Goldilocks

 

-Demand for Tokenized Treasury Bonds Soars as Crypto Investors Chase TradFi Yield | Youtube.       © Goldilocks

 

-Tokenized Municipal Bonds | Andrew Samu | Youtube.      © Goldilocks

 

-The Swiss National Bank (SNB) has announced that it has become the world’s first central bank to ‘carry out a monetary policy operation in a live production environment’ using distributed-ledger technology’ (DLT).

It made the announcement during a press conference in Zurich (20 June) that led with updates on topics such as inflation & the Swiss economic outlook before focusing on fintech-related innovation – chiefly new ambitions for its wholesale central bank digital currency (CBDC) pilot initiative ‘Project Helvetia’.

 

The SNB stated that it had successfully issued digital SNB bills on the SIX Digital Exchange (SDX) – the ‘tokenised assets’ platform sibling of the SIX Swiss Exchange, Switzerland’s principal stock exchange – ‘at the beginning of June’. The token-based bills, which had an issuance volume of CHF 64 million (about £56.6m/$71.6m), had a one-week term. Currency Insider  SNB       © Goldilocks

 

-The Swiss National Bank (SNB) has announced that it has become the world’s first central bank to ‘carry out a monetary policy operation in a live production environment’ using distributed-ledger technology’ (DLT).

It made the announcement during a press conference in Zurich (20 June) that led with updates on topics such as inflation & the Swiss economic outlook before focusing on fintech-related innovation – chiefly new ambitions for its wholesale central bank digital currency (CBDC) pilot initiative ‘Project Helvetia’.

 

The SNB stated that it had successfully issued digital SNB bills on the SIX Digital Exchange (SDX) – the ‘tokenised assets’ platform sibling of the SIX Swiss Exchange, Switzerland’s principal stock exchange – ‘at the beginning of June’. The token-based bills, which had an issuance volume of CHF 64 million (about £56.6m/$71.6m), had a one-week term. Currency Insider.  SNB.       © Goldilocks

 

-China Securities Regulatory Commission

The CSRC will explore the introduction of STAR 50 index futures and options, establish “green channels” for M&A, and optimise market-maker and trading mechanisms, among other measures. | Global Times.           © Goldilocks

 

 

 

[Luigi1]

Here's another article related to the above...strong USD & low global oil demand takes toll on oil prices...

 

 

 

FROM OTHER SOURCES:      Oil Continues Its Losses As Commodity Markets Are Affected By The Rise Of The Dollar.

ARTICLE:  Oil prices fell in early Asian transactions today, Monday, for the second session in a row, affected by the rise of the dollar after renewed fears of the continuation of high interest rates for a longer period & the lack of risk appetite among investors.

 

 

By dawn today, Brent crude futures fell 40 cents, or 0.5%, to $84.84 per barrel, after falling 0.6% upon settlement on Friday.  West Texas Intermediate crude futures also fell 39 cents, or 0.5%, to $80.34 per barrel.   The rise of the Dollar raises the cost of purchasing oil denominated in the US currency for holders of other currencies.

 

But crude contracts rose by about 3% last week due to indications of increased demand for oil products in the United States, the world’s largest consumer, as well as the continued implementation of production cuts in the OPEC+ group.

 

Oil prices received support from geopolitical risks in the Middle East due to the war in the Gaza Strip, as well as the intensification of Ukrainian drone attacks on Russian oil refineries.

[Luigi1]

Here's another article related to the above...IQD weaker against stronger USD...expected to reach 150,000 per USD $100...US destruction of the Iraq economy is to blame.

 

FROM OTHER SOURCES:     An Economist Expects The Dollar Exchange Rate To Approach The 140,000 Threshold.

ARTICLE:  the economic expert, Nabil Al-Ali, expected a decline in the ER of the US Dollar against the Iraqi Dinar during the coming period.

 

Al-Ali told Al-Maaloma Agency, “There is a possibility that ER of the Dollar against the Dinar will reach 142 thousand in the coming days if the CBI’s sales of foreign currency continue to increase.”

 

He added, “The increase in the CBI’s sales of Dollars through the currency auction will contribute to reducing exchange rates, even if slightly, without returning to the threshold of 150,000 or more.”

Al-Ali pointed out that “ER recorded a relative decline at the beginning of this week.”

 

America worked to destroy the Iraqi currency by imposing sanctions on private banks & banning the Dollar under many pretexts, which led, in one way or another, to a severe financial crisis in the local markets.

[Fimum]

As I understand, "tokenized assets" are blockchain based. They can say they have gold or other assets backing them, but in the case of the UST, when was the last accounting of gold reserves? Fiat.