Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good afternoon Dinar Recaps,
Goldilocks posted some comments and links this afternoon:
There are so many variables on this journey, so I wanted to make it easy for everyone to know when everything is complete.
No matter what happens to the markets or to the debt ceiling, one thing has to happen.
We need to have a repricing event in oil, silver, and gold.
This is our liquidity event my friends that will give us what we’re looking for on all sectors of the markets.
Nothing else will get us there.
© Goldilocks
Iraq implements two policies to support the Iraqi dinar against foreign currencies
Iraq implements two policies to support the Iraqi dinar against foreign currencies
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All roads lead to gold.
© Goldilocks
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In our present-day scenarios. Gold and the dollar were seen as safe haven assets in the past, and the dollar was capable of being weaponized to hold other currencies down.
At this time, central banks around the world account for 33% of the demand for gold. Because of this new trend, gold is currently capable of being weaponized against the dollar.
And, this is what we are seeing as the world is making known it’s new preferences and trend for the global markets.
Gold is clearly the great equalizer, and it is leveling the playing field everywhere.
© Goldilocks
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It looks like we have movement on stablecoin legislation, and there is a great deal of urgency to see this pass.
Part of the issue in the past has been contradictions between the CFTC and the SEC on their understanding of virtual currencies.
The urgency has come from losing stablecoin providers. Some have moved out of the United States who is lacking clarity to other countries that will accept them. This is causing a great deal of revenue loss.
Once we see the digital-asset based trading system clarify these currency reforms in digital format, we will be able to move forward with their implementations and standardizations.
The biggest requirement going forward is that these stablecoins represent a country’s currency has to have a one-to-one backing in a liquidity asset to keep these currencies stable during difficult times of crisis.
Here are the main issues that were brought up in the meeting just a few days ago.
“By requiring payment stablecoins to be backed one-for-one by high quality liquid assets held in reserve, the proposal mitigates run risk.”
“The legislation also requires stablecoin issuers to comply with redemption requirements, monthly attestation and disclosures, and risk management standards. ”
© Goldilocks
https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=408691
https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=408714
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Goldilocks’ Telegram Room
https://t.me/+YU9UrHLxFbszOTJh
Goldilocks on the Seeds of Wisdom Team Website
https://www.seedsofwisdomteam.com/
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