Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted several commentaries with links:
Let’s take a closer look at where we stand.
Global Central Bank reserves have dropped from 70% to 60% and falling.
The European and Chinese nations are building an International Payment System outside the Swift System.
India and Russia are settling most of their oil purchases outside of the dollar now.
New banks are being formed with 100% of their reserves being held in Gold, XRP, and XLM.
There are some banks with ZERO USD held in reserves.
“Putin couldn’t have been more explicit. During Xi’s state visit, he named the Chinese yuan as his favored currency to conduct trade in.”
Several countries in the east are now using the Petro Yuan.
“Russia, Iran and Venezuela account for about 40% of the world’s proven oilfields, and the three sell their oil in exchange for yuan. Turkey, Argentina, Indonesia and heavyweight oil producer Saudi Arabia have all applied for admittance into BRICS, while Egypt became a new member this week.”
The dollar is still the World Reserve Currency, but it’s significance is declining.
On top of this, we have consumer confidence waning in our US Banks. This is 70% of the market. A transition into an economy whose ideology supports the people is progressing more each day.
Digital currencies are rapidly becoming a viable alternative as well in payment systems.
And, the use of Gold and other Commodities to support these emerging outcomes has and will always be the bridge into our new economy.
One thing is for certain, bank failures are growing around the world each day. And the transition into our new economy, can no longer be denied.
© Goldilocks
https://www.usfunds.com/resource/is-this-the-end-of-the-petrodollar/
https://www.washingtonpost.com/opinions/2023/03/24/us-dollar-strength-russia-china/
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Currently, there are several States and bills on the table to reject the Central Bank Digital Currencies.
A preference for currencies that promotes privacy and freedom for the people are being called for at this time.
The people’s voice are beginning to be heard. You can see this in the choices currently being made about who can and cannot hold their money.
Many are withdrawing their money from a central bank system and placing their money into gold and digital assets.
Remember, consumer confidence is 70% of the marketplace. We do have a voice by the choices we make collectively.
© Goldilocks
https://www.lee.senate.gov/2023/3/sen-lee-fights-central-bank-digital-currency
https://www.kitco.com/news/2023-03-24/U-S-lawmakers-push-back-against-the-digital-dollar.html
Goldilocks’ Telegram Room
https://t.me/+YU9UrHLxFbszOTJh
Goldilocks on the Seeds of Wisdom Team Website
https://www.seedsofwisdomteam.com/goldilocks
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