Goldilocks and Seeds of Wisdom
Goldilocks posted comments and links this morning:
We are continuing to see a lot of de-dollarization take place. This is leaving a vacuum that has to be fulfilled in propping up other currencies around the world, especially in the East.
Many of these countries are already beginning to prop up their National Currencies with gold.
The trigger for gold is about to be set and pulled.
It looks like we are going to see a slingshot move to the upside. In order for a rock to sling forward on a slingshot, it has to be pulled back creating tension on the sling causing the rock to propel forward very fast.
At the same time, this will cause a reaction in the markets as assets will look to find support. There will be an attempt for the dollar to do what it can no longer do, and this is where gold will step in to fulfill its new role.
I expect this process to take around 4 to 6 weeks.
We now have a wind-down process in place for the markets and a building-up phase taking place to liquidate the new markets.
Banking protocols are now in place to support the market as they transition. New guidelines have been formed to make this transition as smooth as possible by the SEC.
On the other hand, we have the CFTC forming new guidelines for currency swaps and other assets. Exchange centers are expected to register with the CFTC for their ability to do so.
Many exchange centers have already done this process, but new ones are forming and expected to follow these new guidelines.
DCR or Debt Coverage Ratio staff will be a part of this process to make sure both parties in an exchange have appropriate debt coverage ratios to fulfill an order.
The two press releases I am sharing with you goes over in a little more detail what has just been stated.
https://www.sec.gov/news/press-release/2023-95
https://www.cftc.gov/PressRoom/PressReleases/8705-23
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“Stellar’s smart contract gets massive engagement as it prepares to launch on the mainnet.”
Stellar is attracting thousands of developers engaged in securing placements for their digital assets on this new smart contract platform developed by XLM.
This new smart contract digital ledger transmission system (Soroban) will ensure secure payments on both sides of an execution in trade.
This is the final phase of the QFS that is in process of being tested and soon to be interfaced with all the quantum computers ready to go live around the world.
It is important that you understand the above information because it will complete the final process necessary to run the QFS.
I will be monitoring this testing phase for it’s completion as it will finalize the new digital asset-based trading system and allow us to move forward with our new Global Economy.
https://stellar.org/blog/soroban-stellar-love
Source: Dinar Recaps
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