Goldilocks’ Comments and Global Economic News Tuesday Evening 12-5-23 Good Evening
The BRICS Nations are currently letting go of their trades in dollars and signing free trade agreements with each other this year. This will allow them to trade in their own local currencies.
And, it will increase the demand for their own currencies raising their values between each other.
Recently, China and Saudi Arabia have just signed agreements to make their primary trading currency their own instead of the dollar.
© Goldilocks
SilkRoadBriefing Link
ArabNews Link
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“We previously reported plans to settle a tokenized bond issuance by the Canton of Zurich with a wholesale Swiss Franc. Additionally, the City of Basel issued a CHF 105 million bond, using the wholesale central bank digital currency (wholesale CBDC) for settlement. Both transactions occurred last Friday. Basel’s bond was issued via the Basler Kantonalbank.”
Zurich has begun tokenizing their bond market and selling them through CBDCs. This is a pilot program and settles their transactions through atomic settlements which simply means irreversible trades once a transaction takes place.
This will provide liquidity for the Canton of Zurich. Basel, Zurich’s tokenized bonds settled with Swiss wholesale CBDC.
“This issuance is one of a series of live trials, as part of Helvetia Phase III, and represents another key milestone for the wider development of wholesale CBDC and digital assets which will importantly be used in a live production environment.”
© Goldilocks
LedgerInsights Link
ThePaymentsAssociation:Link
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If you have noticed for the last 3 years, the Dow has been in stagflation. It has moved up and it has moved down, but it continues to hover around the same numbers.
On July the 1st 2023, we began the process of SOFR lending services. This is collateralized lending inside the Banking and Market Systems that requires a growing liquidity to move Financial Systems Forward.
SOFR brought us to a place where gold-backed liquidity allowed us to begin creating mechanisms of standard protocols that can be utilized in the new digital financial system.
Look for gold to be reset and caps released. “All roads lead to gold and gold will set us free.”
© Goldilocks
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I asked Salty Toes to check in with Isaac to see if this is what he needed to have happen in order for him to get liquidity.
I am referring to the two articles above these words.
If the answer is yes, is important to notice that the article states this project is in pilot form.
Once the pilot form is done usually around 30 days, liquidity will follow.
@ Goldilocks Goldilocks Link
“Correct 👍
Right on the money”
@ Isaac Isaac’s Room Link
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JUST IN: $44,000 Bitcoin @WatcherGuru
