Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted explanations/commentaries with links this morning:
“A guide for financial institutions on the risks of dealing in virtual currencies and virtual asset service providers and their use by money launderers and terrorist financiers ..” For information, click here
Iraq is still in process of completing their digital-asset based trading system currency reforms.
It looks like the United States and Iraq are both in their final stages of completing digital/currency reforms.
© Goldilocks
China and the US are in process of decoupling several manufacturing products.
This will affect several sectors of the market. And, it is creating the worst week for stocks since March. We are witnessing a catalystic event that will move our markets into real values.
This will take a heavy toll on the dollar as it moves to find it’s real value among countries who are decoupling from the use of it in trade. Look for other currencies to begin making their move into real values as well as gold and silver find their place in this new world.
We have several Regional Banks under pressure. Pacwest Bank is the most recent one that is looking at their options because of it.
This is going to tighten liquidity and make lending much tougher to acquire. It will put even more people out of work and require the need for more Artificial Intelligence to replace them.
The world around us is changing and the movement into a technological society is becoming more prevalent.
The Fed basically raised interest rates for the 10th time yesterday, and Jerome Powell left a message that if more is needed it will continue to fight inflation. This is why we saw the markets take a nose dive after his reading yesterday.
The future is filled with a lot of uncertainty, but one thing is very clear. We will be heading into it with a huge emphasis on technology, and the commodity sectors of the market will be very much a part of it.
Artificial intelligence is about to change all of society. In many ways, the movement into a metals-based trading system was inevitable. It is the world we now live in and breathe.
© Goldilocks
https://www.cnn.com/2023/05/03/investing/pacwest-bank/index.html
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For the first time in decades, the US Treasury Department has announced that they will begin early next year buying out our government’s debt.
This will provide new liquidity movement for the markets and the banking system.
As our markets and banking system go into real values this year, this will give us a clearer picture of how much debt the US Treasury is going to have to acquire.
This is a formal announcement that the US Treasury is clearly taking over. It is also why we are moving from a Libor lending system to a SOFR lending system.
Remember, “whoever owns the most gold makes the rules.”
© Goldilocks
https://worldnewsera.com/news/finance/stock-market/us-treasury-announces-first-buyback-scheme-in-decades-to-boost-liquidity/
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NEW YORK, May 2 (Reuters) – “A decade after a manipulation scandal turned global regulators and investors against the London Interbank Offered Rate (LIBOR) as the global interest rate benchmark, major clearing houses are in the final weeks of the nearly $50 trillion transition of the U.S. rate swaps market to its successor.”
As you can see, this is a major undertaking to swap out the old Fiat Systematic Structure that provided Banks and Markets liquidity to a commodity-based one inside SOFR contracts.
Again, our government and companies in the US have until June 30th to complete this process.
© Goldilocks
https://www.reuters.com/markets/rates-bonds/libor-successor-home-stretch-for-transition-giant-us-swaps-market-2023-05-02/
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