Invest Offshore Newsletter

Published: Tue, 11/30/21

Newsletter Issue #168 Invest Offshore
 

November 30, 2021
Offshore Investment Guide
Rose

Dear ,

Self-Sovereign ID has arrived but by another name; Digital ID. A rose by any other name, is still a rose.

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On 11.22.2021 we launched the website for Ice Banc and plan to start-up the worlds first Self-Sovereign ID Banc on 2.2.2022, please join us.


Cross-border Digital ID is Coming

Mastercard plans to supply infrastructure

Self-Sovereign Digital ID

Australia and Singapore in talks

National identity representatives from the APAC region discussed their preparations for borderless digital identity and interoperability at the Singapore Fintech Festival 2021. National systems are still establishing themselves and working with their private sectors on use cases and integration, but countries such as Australia and New Zealand are already discussing how to make their digital ID work in each other’s country while Mastercard is planning to handle cross-border digital ID as soon as 2022.

Australia and Singapore have entered a dialogue into a mutual recognition agreement, according to Jonathan Thorpe, general manager of Australia’s Digital Transformation Agency. The agreement would aim to see the digital identity of a citizen in one country being accepted in the other. This could potentially start with students. New Zealand is also high on the list for Australia for mutual recognition of digital credentials.

Singapore’s National Digital Identity, Singpass, is centralized compared to a federated, opt-in approach in Australia which did not have an existing national ID system in place to build on. 4.2 million Singaporeans (or 97 percent of those eligible, according to the system’s director, Dominic Chan, also speaking) have registered for their digital ID – a figure greatly boosted by the COVID pandemic – while 5.3 million Australians have opted to go digital.

“Digital identity can play a role, but on its own won’t necessarily enable a frictionless experience for travel,” said Australia’s Thorpe, although the credential could be readily accepted by private sector and government once a person has entered a country.

“To create a truly efficient and inclusive digital economy, digitalization must be end-to-end… We must put people at the heart of digital infrastructure,” said Ravi Menon, managing director at the Monetary Authority of Singapore, speaking on digital ID being one of the ‘four pillars’ of the digital infrastructure the future economy will need. Menon hopes for government-to-government on collaboration on global digital goods.

“Public foundational digital infrastructures will be critical for inclusive economic and social development,” Mastercard Vice President of Digital Identity Rajat Maheshwari told Biometric Update in an email on the key insights from the event. “Digital Identity, Authorization and Consent, Payments Interoperability, and Data Exchange are the four essential ingredients to enable end-to-end digital transactions, they collectively meet the foundational needs of a digital economy.”

Singapore and Australia are heading in that direction by working on verifiable credentials – or attributes – to take interoperability beyond standards and into practical use cases. According to Wen Si Wong, director of National Digital Identity at Singapore’s Gov Tech, their approach is opening up to let the private sector potentially become authentication providers or even trust anchors.

Her department is looking at how Singaporeans’ digital identities could become compatible with international organizations such as IATA and requirements such as EIDAS. Wong also said that Singapore is talking to Mastercard about possible collaboration with its ID network and becoming part of its larger ecosystem.

Sarah Clark, senior vice president of Digital Identity at Mastercard was part of the panel and said that digital ID is “one of the biggest opportunities of our generation.” Clark said that digital ID systems working with the private sector “can bring utility in day to day lives” and expand the use cases for the approach.

Clark also revealed that Mastercard is looking forward to its first cross-border digital ID use cases in 2022.

“Identity is a global issue that can’t be solved by any single entity or government or private sector, a borderless, digital world requires a re-usable identity service that can be trusted and accepted everywhere the user transacts,” Maheshwari writes.

Mastercard has been rapidly developing its identity division, piggybacking off its global network and KYC capabilities. It is working on digital identity schemes across the world, such as biometric projects to aid financial inclusion in sub-Saharan Africa to digital ID to help Brazilian students securely take remote exams.

Source: Bio-Metric Update


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Now Is Not The Time To Throw Caution To The Wind

BY DOHMEN CAPITAL RESEARCH

United States $100

Nearly three months ago in early September, when the markets were in the midst of a swift selloff, analysts, money managers, and investors were asking themselves, “Could this turn into the long-awaited market plunge investors have expected all year?”

But the markets were able to quickly put an end to that plunge within four weeks and rally to new record highs in November, showing incredible resilience amid the plethora of negative factors that could have contributed to another deep decline.

Rebounds like this have conditioned traders and investors alike to consider every sharp pullback as a buying opportunity. One of these days it won’t be. We are getting close to that day.

However, on November 24th, 2021 we warned our valued members,

"Things aren’t rosy in all areas of the market as we continue to see huge down-gaps and plunges in individual stocks on a daily basis. This caused us to ask, has a bear market started?"

The following trading day (Friday, November 26th) the markets suffered their worst plunges in 10 months. Given the technical warning signals we're seeing on the charts, now is not the time to throw caution to the wind.

S&P 500

The cause of the market plunges on November 26 was the revelation of the new Covid variant, which late on Friday was named the “omicron” variant. It has been in Africa for some time, just not called “omicron.”

Isn’t it strange that there was no previous news about this variant? Mutations don’t appear suddenly. This is just in time for Christmas. It “coincidentally” supports all the other efforts of the panic inducers like Dr. Fauci to ruin our Christmas.

Why didn’t the markets plunge like this on previous announcements of other variants over the past year? Why now?

While the charts of the major averages may look like they've only taken a small dip amid last week's selloff, a number of big-name individual securities have been plunging since reaching their highs of 2021.

Take a look at the table below of just a handful of the "retail favorites" that have suffered huge losses. Looking at the charts of the major indices, one wouldn’t know such big plunges have occurred in so many popular securities. But investors in these have lost a fortune.

Biggest Losers

These are the types of single security corrections and bear markets that worry smart investors and have kept them in high cash positions for most of the year.

With the markets long overdue for a correction, could the latest news of the "Omicron variant" lead to a plunge similar to what we saw last year?

Having successfully navigated our valued members through the tumultuous market environment during last year's "COVID Crash," we know what clues to look for.

Some of the most important indices had shown upside breakouts to new highs a few weeks ago, which then reversed downward last week. That makes them “false breakouts.”

In our trading services (Smarter Stock Trader and Fearless ETF Trader) early last week (November 23) we noted,

“We are now seeing the first signs that maybe the breakouts to new highs of many of the major indices this month, even the very broad VALUG, were “false” breakouts. Such false breakouts often lead to very sharp moves in the opposite direction once the breakouts fail.”

Here is the updated chart of the VALUG Index below through 11/29/2021. It had a well-formed “false upside breakout” ahead of the plunge:

Value Line Geometric Index

On Friday, November 26, we got the confirmation that the “false upside breakouts” were real.

However, with the popular major averages still trading near record highs and saw a bounce on Monday (November 29) as “bargain hunting” was the talk of analysts.

But what’s important for every serious investor to consider is that instead of bargains, you may be catching what smart, informed investors want to dump. That could actually be the start of another big bear market.

This is why in our services of the past days we revealed our best recommended investing and trading strategy that matters right now, which should allow shorter-term traders and longer-term investors to position their portfolios for an adverse market environment next year.

Ahead of the historic COVID Crash in February 2020, our clients were accurately forewarned. Then came the record fast crash of March 2020. Not only were they saved from devastating losses, but they had great opportunities to profit. With high speed computers of the HFT firms, market declines today are very fast and very deep.

Yes, you can profit when markets plunge. But you need the perceptive analysis and forecasts. And that is not easy to find.

The coming year will be extremely important for investors and traders. Getting it right will mean the difference between painful losses and big profits.

You see, the markets are no longer a function of the old metrics such as earnings, dividends, and fundamental ratios. The “official” state of the economy and rate of inflation are also totally misrepresented. The casual part-time investors don’t realize that until they have access to the best analysis.

Knowing the underlying reasons for the recent rise in the DJI 30, the S&P 500, and the NASDAQ is absolutely essential for not getting trapped when the markets have the next “surprising” plunge.

Now is the time when you need the best and most experienced research, analysis, and forecasts to help you navigate your own portfolio, safely and profitably.

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Disclaimer: This document was produced by and the opinions expressed are those of Invest Offshore as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Invest Offshore to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Invest Offshore does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.

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