Good morning,
Goldilocks posted comments and news links on the global financial system
SEBA Hong Kong has received the AIP for its licence application to operate regulated activities in Hong Kong to deal in securities, including virtual assets-related products, such as OTC derivatives and structured products; advise on securities and virtual assets; and conduct asset management for discretionary accounts in both traditional securities and virtual assets.
This license, when issued, will pave the way for SEBA Hong Kong to be part of the first group of licensed corporations in Hong Kong to conduct investment services with crypto capabilities in the market, making the Switzerland-headquartered bank a significant frontrunner in Hong Kong’s burgeoning crypto economy.
https://www.seba.swiss/media-and-investors/seba-hong-kong-awarded-approval-in-principle/
Delinquencies on car loans, credit cards and consumer loans have hit their highest levels in a decade.
https://www.washingtonpost.com/business/2023/08/30/delinquencies-credit-auto-loans/
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The purpose of money is in our use of it as a means of exchange to buy goods and services at values predetermined by the worth of it placed upon the agreed-upon transaction itself.
Today, we are living in a time where those values are being challenged and forced to change around the world.
Currencies in the East are now being utilized as a means of value and in process of being determined for their values based upon the rate of their exchange through demand and the supply they hold of it.
Creating new values are determined by the people who use this money and those who govern it. (Money velocity) Because of these changes taking place, there is no doubt that a global Currency Reset is needed.
The question for many people out there is not if, but when will this take place. The simple answer is we already in the process of it.
There will come a time when new values will begin to form on chart calculations inside the market as the use of money in different areas of the country begin to put price pressures on these changes being created.
Bilateral agreements are happening hand over fist at this point. Many of these trades are no longer in the World Reserve Currency. Local economies in the East are utilizing their own paper money to fulfill trades. So, we watch and we wait. Changes are happening and prices are changed by price correlations formed through money velocity and digital transformations.
Around 90% of traded goods are carried over the waves. Here is the place where exports and imports shift the prices on goods and services by the demands placed on them.
Our shipping ports are becoming more and more digitized over time. The movement of money is increasing demand in order for supply to reach their destination at faster rates because of these digital integrations.
Watch the water.
© Goldilocks
https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-9-functions-of-money
OECD Link
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US & Europe To Pay in Local Currencies For Oil After BRICS Expansion?
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By the way, the changes we are now seeing in the monetary system came into play because of the new mechanism placed on the market. (SOFR) July1, 2023
© Goldilocks
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THE VISION FOR XLM STELLAR & CBDC’S ECOSYSTEM INSIGHT XLM RAILS BEING BUILT IN SILENCE
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People are beginning to pull their money off of digital exchanges right now in the crypto space.
Trillions of Shiba Inu tokens are just one of many cryptos leaving these exchangers.
Monetary policies on digital clarity are about to be unleashed from the Financial Stability Board at the G20 meeting.
Currently, this is causing the price of cryptocurrency to move into lower values. As clarity comes from the G20 meeting, look for new price action flows to enter into the market formulating authentic price patterns.
Just know, this is part of the transition into our new economy. On the other side of this transition, there will be new tokenized assets interfaced in the form of introductory coin/stock offerings placed into the system creating real values.
The process I am referring to does not happen all in one day, it will be phased in the rest of this year. Some assets will be mobilized quicker than others. Just stay watchful.
© Goldilocks
Trillions Of Shiba Inu Tokens Leave Crypto Exchanges — SHIB Price Reacts
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More court victories for the cryptocurrency market and a clearer view of the regulatory environment for decentralized applications
https://www.investorideas.com/news/2023/cryptocurrency/08311Court-Victories.asp
The 10-year Treasury bond is on track for a third year of losses in 2023, something that hasn’t happened in roughly 250 years of U.S. history.
In short, it has never happened, say strategists at Bank of America.
© GM
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Buckle up for a Wild Ride over the month of September 2023.
Behind the scenes, EVERY bank on the planet is 100% insolvent and it’s time to lay their cards on the table!
Keep assets in your own possession ONLY!!
ALERT! COMEX Silver Beyond Broken! “September to Remember” Has Begun…WATCH THE BANKS! (Bix Weir)
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