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Goldilocks and Seeds of Wisdom
Goldilocks posted comments and links this morning:
Current Market Conditions:
Asian markets rally as banking Bank jitters calm.
European markets rise, but concerns linger after banking volatility.
Oil gains for the third straight day on Kurdish supply concerns easing banking fears.
Safe Haven Dollar sluggish as banking fears wane.
Gold retreats as easing banking crisis dampens demand.
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“The renminbi remained the world’s fifth most active transactional currency in February with a growing share in global payments, a sign that its status as an emerging international currency is steadily rising, experts said on Friday.”
The Eastern economies are clearly on the rise. Their ability to be on an even playing field with the rest of the world is positioning them for self-sustaining economic trading powerhouses.
This allows a de-dollarization transition into utilizing their own local currencies a possibility. It will increase demand and currency values in their local economies.
These transitional pivot changes in the microcosm is creating macrocosm necessities in the global economy. One of which, many of us have been looking for a long time: a Global Currency Reset.
Yuan’s global status continues to rise
https://global.chinadaily.com.cn/a/202303/24/WS641dbebda31057c47ebb6717.html
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It is no surprise to anyone who has been following the financial system the last 3 years that a run on the banks has caused a shift in deposits toward digital money and commodities.
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Psychologically, people are beginning to feel safer investing inside assets that are leading us into the future.
A great transition of wealth is well underway.
Rapid Bank Runs Reveal Deposits Are Now Magic Internet Money, Too
https://www.coindesk.com/tech/2023/03/22/rapid-bank-runs-reveal-deposits-are-now-magic-internet-money-too/
Source: Dinar Recaps
Goldilocks made some interesting posts:
The Treasury General Account is currently being drained.
At the current rate, the US Treasury will run out of dollars in less than 35 days.
We will need new dollars to replace what we will no longer have.
Do you see a Rainbow? Look for rainbow currencies just around the corner.
If the debt ceiling is raised, we will have new money to work with for the time being.
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Everything currently seems to be pointing toward transition and not business as usual.
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The US has not asked for a World Bank Capital increase at this time.
If this remains the case, we are looking at a reset. This puts our timeline within 30 days or so.
Time will tell. If the debt ceiling does not raise significantly or just simply to make payments that have to be made we are good to go.
https://finance.yahoo.com/news/us-not-asked-world-bank-150805799.html
Source: Dinar Recaps
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