Good afternoon Dinar Recaps,
Goldilocks posted comments and news links to help us understand where we stand with the global financial system:
JPMorgan Chase and 40 Other US Banks Conducting FedNow Trial Runs Ahead of the Instant Payment Service’s Launch – The Daily Hodl
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I understand bank employees took their laptops home over the weekend and were given instructions to leave their computers on for updates on the new system taking place.
Yes, we start this week with new collateralized SOFR settings inside the banking system and the market.
For the last year and a half, we have been moving several economic mechanisms over to these new SOFR reference rates through legislative bills designed to compliment a digital asset-based exchange system.
New protocols have been created, approved, and put into place forming a new economy. At this point, the paperwork is done with exception of upgrades to the system going forward that will connect our Quantum Technologies around the world into one. This includes the all-important Stellar platform uniting payment systems of all forms to move through the Stellar Network.
These new mechanisms will begin to form new price actions on the market. There will be sectors of the market that will rise during this time while others who did not convert to these new SOFR settings will face challenges in this new economic reality.
We still need to see our currencies move into real values. Last week, some countries have reported that they are undervalued as much as 15% right now. Some are much greater than these numbers.
This is the phase of our economy whereby a Level Playing Field in the Banking System, the Markets, and the Private Sector move into real values.
Going forward, the dollar will be challenged. It’s greatest challenge will be faced next month when the BRICS System introduces a new trading currency backed by many different countries and by gold.
Before we even get there, the dollar has many challenges it must go through before it meets face-to-face with its destiny. Continued de-dollarization and high debt will play a significant role in the transformation of the dollar.
In a high-debt society, the ability to liquidate a country becomes less and less. Our new SOFR settings will help, but it is clear that a reset in our global economies’ currency rates will change the landscape of the Global Economic System.
© Goldilocks
