Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted links with their explanations and commentary:
What will happen if the U.S. hits the debt ceiling?
A number of things are going to happen if this becomes the situation we find ourselves.
I am going to mention one that may be a possibility whether or not we hit the debt ceiling or not.
Our seniors are going to receive their social security check one day late.
This may not seem like much to many of you, but it means the world to those waiting on that paycheck to pay their bills on time
Yes, it’s the accumulative effect of bills being pushed back even one day that has a profound effect on liquidity provided for a monetary system. If you think we are beyond bank failures, you will need to think again for June.
Companies depend on these seniors to pay their bills on time. If they don’t, it is a disruption in their service that can be provided to all of us.
Now, let’s look at the numbers. Those collecting social security checks make up 30% of our nation. This means that one in three people you meet collects some form of social security to live.
On June 1st, 2023, 1/3 of our nation’s potential for operating costs will be set back one day.
This will affect liquidity on the market, liquidity in our banks, liquidity in our companies, liquidity for employees, and the list goes on and on.
To make matters worse, this is only one spending cut of many that will come on June 1st.
At that point, hard decisions will have to be made until a tipping point reaches a consensus.
We have to reset our economy to new prices for goods and services. Purchasing power will be elevated due to gold and silver rising to make up the difference in pegged currencies.
These shifts will be gradual at first, and then, begin to create a society much different than we know now.
All we can do at this point is wait on the decision that is made.
Just so you know, these articles share how we hit the debt ceiling in January, but we have been borrowing money from Peter to pay Paul.
If we raise the debt ceiling, there will be other consequences such as inflation already out of control.
There are no good choices out there beyond a reset of an entire global economy. It’s just a matter of time.
All roads lead to gold.
NBC News LINK
CBS News LINK
This banking announcement comes from (OCC) the Office of Comptroller of the Currencies.
They are providing a new manual for banks to operate from going forward.
They’re being RESET in the way they do business, invest in the market, Capital requirements, and much more.
This reset will affect our markets and our money going forward.
Actions are taking place right now to this end.
The Global Currency Reset is a reality, my friends.
We are right in the middle of it.
“In Notice 2014-21, the IRS announced its position that cryptocurrencies constitute property for tax purposes, rather than foreign currency, and observed that while cryptocurrency may operate like “real” currency in some environments, it “does not have legal tender status in any jurisdiction.”’
In other words, cryptocurrency is considered property to the IRS. And paper money, it will be used as legal tender and medium of exchange.
Short and sweet.
Goldilocks’ Telegram Room
Goldilocks on the Seeds of Wisdom Team Website
Thank you Dinar Recaps