Goldilocks’ Comments and Global Economic News for July 11, 2023
RJ: Good morning Dinar Recaps,
The US dollar is in a mega cycle, and it could take some time for it to fall. But, we are clearly in the end game cycle of the US dollar.
We are witnessing countries attempt to bring the US dollar down through the reduction of oil produced for the global economy. And now, we are witnessing Hedge Funders get involved with shorting the dollar. Hedge Funding is a pool of resources designed to direct and redirect market patterns. In other words, institutional money is beginning to get involved with the markets.
Hedge funding will create new price actions on the market and form new patterns going forward leading us into a commodity-based economy. “The report cites data from the CFTC as revealing that leveraged investors switched to a net short position on the US currency of 20,091 contracts in the week ending 7 July, having been long by a net 5,196 contracts in the previous week.
Bloomberg’s gauge of the dollar has dropped 1.6% this year on signs the Fed is nearing the end of its tightening cycle and as the rest of the world has caught up in raising rates to combat inflation.” This puts us in an optimal position to RESET our Global Economy.
We are witnessing the BRICS Nations form an alliance. They are in the process of creating monetary policies to solidify this union and create a collective trading currency backed by gold.
At the same time, we have collective countries beginning to trade in their own National Currencies to increase the strength of their own currency values. Along with this move, we are witnessing them back there National Currencies with commodity resources.
Other countries’ economies have been weakening for some time due to a strong dollar, and this does not bode well for US trading partners as well. It turns into a cycle whereby no World Reserve Currency in and of itself has that much power to sustain a global downturn.
There have been attempts to provide liquidity for smaller countries to keep their governments from falling into chaos. Inflation and increasing debt in the US economy just don’t allow for sustained global growth to happen any longer.
We are all in this together, and the collective effort on the Global Economy is necessary to find new paths ahead of us. This is why you are seeing efforts to position ourselves in the Oil Market, the Silver Market, and the Gold Market.
The Commodity Market has been held down for a very long time. And many government officials around the world are calling for a weaker dollar and a stronger Commodity Market.
A weaker dollar supports growth in the stock market. This is why you saw a global shift on July 1st 2023. The movement from an interest-bearing liquidity mechanism known as Libor gave way to SOFR collateralized liquidity backed by gold.
Over time, this Global shift allows us to move from fighting inflation to protecting growth. We can expect a release of caps on the Commodity Market at any moment, and eventually, a resetting of prices inside the Commodity Markets that will allow for sustained growth.
A weaker dollar allows for a leveling off of currencies to occur raising the value of some and minimizing values and others.
This gives our global economy an opportunity to revalue everything inside a QFS financial model that will lead us forward into a new digital age of financing backed by gold.
New Standardized procedures are currently in development and monetary policies are being formed around the world to create and activate new banking protocols (20) that will lead us into the future.
All roads lead to Gold, and Gold will set us free.
© Goldilocks
http://www.hedgeweek.com/2023/07/10/321248/hedge-funds-go-net-short-us-dollar-first-time-march
https://www.bloomberg.com/news/articles/2023-07-10/hedge-funds-abandon-bullish-dollar-bets-on-peak-fed-speculation#xj4y7vzkg
https://en.m.wikipedia.org/wiki/Hedge_fund
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“The Federal Reserve Bank of New York’s New York Innovation Center (NYIC), in collaboration with members of the U.S. financial services sector, published the findings of a proof of concept (https://www.newyorkfed.org/newsevents/news/financial-services-and-infrastructure/2022/20221115) (PoC) that explored the feasibility of an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger.”
In other words, regulated digital asset settlements have been researched and deemed capable of moving forward.
We can now begin looking for that final congressional vote on stablecoins representing a country’s currencies.
© Goldilocks
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Our Global Markets are currently and collectively utilizing their resources to purposefully reset our Global Markets.
© Goldilocks
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Based on the decision of the Board of Directors of this bank No. (112) for the year 2023 taken in its session No. (1637) held on 4/7/2023, it was decided to approve the resumption of the activity of the Mercury and Passport companies to mediate the sale and purchase of foreign currencies.
https://cbi.iq/news/view/2372
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Today, Monday, His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired a meeting with bank departments located in the Kurdistan region of Iraq.
During the meeting, they discussed the affairs of the banking sector in the region and upgrading its work to keep pace with developments, enhance financial inclusion and spread the culture of electronic transactions.
https://cbi.iq/news/view/2373
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“The Federal Reserve Bank of New York’s New York Innovation Center (NYIC), in collaboration with members of the U.S. financial services sector, published the findings of a proof of concept (PoC) that explored the feasibility of an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger.”
In other words, regulated digital asset settlements have been researched and deemed capable of moving forward.
We can now begin looking for that final congressional vote on stablecoins representing a country’s currencies.
© Goldilocks
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What Is FedNow? The Government’s First Instant Payment Service Launches Soon | Nasdaq
https://money.com/what-is-fednow/?xid=nasdaq&utm_source=nasdaq&utm_medium=rss_synd
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