Goldilocks and Seeds of Wisdom
Goldilocks posted the following link with commentary:
Iraq Pivots to Yuan for China Imports in Defense of Own Currency
“Iraq is planning to pay for private-sector imports from China in yuan, injecting foreign currency into the financial system to help ease pressure on the dinar.”
Now, we have a tale of two cities. The Chinese Yuan is backed by gold, and we have the dollar backed by a Government’s promise.
When a country introduces a foreign currency to pay for goods and services, it begins to have an effect on their own domestic currency.
It has the power to vary a country’s exchange rate from a programmed rate to new rate variances.
The dollar has become volatile in recent months, and the Chinese Yuan has been far more steady with its backing by gold.
This will not only move the dinar into position of obtaining purchasing power, but it will give a more suitable environment for its growth.
Goldilocks posted the 2 following links with commentary where Goldilocks mentions timing:
“Wells Fargo seeks to catch faster-growing rivals by boosting engagement with rich clients.”
Get ready. They will have an app to service rich people by the end of March. The timing is not coincidental.
Wells Fargo is a Clearing House Bank for digital movement of foreign currency.
Blockworks: Crypto Exchanges Have 30 Days To Register With Canadian Regulators
Remember what we said a few days ago that cryptocurrencies have to be registered to move forward.
Again, let’s take a look at the timing and how it coincides with the International Payment System.
Source: Dinar Recaps
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