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Goldilocks and Seeds of Wisdom
Goldilocks posted more Payment Infrastructure News:
“This is how the #ISO20022 migration in Europe (#TARGET2) will proceed this weekend and next Monday:
1) Tomorrow and Sunday, the banks will ‘move’ their positions into the ECB’s new system and check the correct booking.
2) On Monday morning, things will get exciting.”
“”Then, the first live transactions will be carried out. Throughout the day, checks are made to ensure that all payments with the correct information reach the correct recipients. Only in the course of Monday will it be possible to determine whether the migration has run without errors.”
Goldilocks posted a photo:
Goldilocks posted comments and a link:
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Okay Folks, no one said this banking reset was going to be without challenges.
“More than 186 US banks well-positioned for collapse, SVB analysis reveals”
The dangers of banking withdrawals going forward has risen to a level that could and would threaten the stability of the markets and the banking system.
And now, we have the FOMC meeting threatening to raise interest rates 25 basis points.
We are at a crossroads, and the road we take going forward will determine the quality of our lives.
https://cointelegraph.com/news/more-186-us-banks-well-positioned-for-collapse-svb-analysis-reveals
Source: Dinar Recaps
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