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Goldilocks and Seeds of Wisdom
Goldilocks posted links and comments this morning:
“CME Group completed its conversion (https://finance.yahoo.com/news/cme-group-completes-key-milestones-165900034.html) to the Secured Overnight Financing Rate (SOFR) as the standard benchmark reference for over-the-counter (OTC) derivatives trades in April and LCH will complete its conversion (https://www.risk.net/derivatives/7956146/swaps-market-braces-for-60-trillion-libor-conversion)containing U.S. dollar LIBOR vs. fixed interest rate swaps on May 20.”
“By June, roughly $60 trillion in U.S. dollar contracts will be secured to SOFR.”
Almost all of the market has converted over to SOFR lending rates.
By the end of June, the US dollar SOFR contracts will be completed.
This will collateralize the dollar with a tokenized asset of real value.
Take a close look at what we have been studying for the last year and a half and putting the pieces of the puzzle to the new Quantum Financial System together.
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And now, we are close to the end of our journey in finalizing the QFS.
By the end of June, the US dollar SOFR contracts will be completed.
Yes, our currencies will be backed by gold, digitized as well, and new standard protocols to be implemented early July.
A new Gold Standard economy will begin.
In early July, the FEDNOW services for the US will go live with an International Payment System.
At that time, countries will be mobilizing their efforts and interfacing quantum computers from around the world to talk to one another and make bilateral trade agreements through smart contracts and artificial intelligence securing funds on both sides of a trade in Cross Border International Trading.
New Bridge tokens will come out at that time to make all of this possible. Even Ripple has created a new platform for CBDCs to trade between Central Banks and the new digital-asset Banking System.
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This will cause new demands on currencies around the world and increase purchasing power. These sequence of events will begin to create new values on National Currencies.
By the end of June, the US dollar SOFR contracts will be completed.
It will be a Global Currency Reset in the making.
Special Note:
*The above is a process and not a date for rates. We will go through the new Forex/Cross Border International Trading System, our Bankers, and Intel providers for additional information at that point.
We will be done with the QFS, and new values will begin to surface on everything going forward.
https://finance.yahoo.com/news/long-live-sofr-swaps-124725770.html
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Referring to the approval of the Prime Minister on 4/5/2023 for all licensed banks to reduce commissions for foreign currency transfers, and to publish the percentage of these commissions on their official websites, and the violating bank will bear the necessary fines and penalties, including deprivation of the external transfer process.
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Important:
Just a note for everyone to be reminded that I do not make recommendations for assets to be bought on this page, but I do show you ones that can be.
This does not mean that I endorse any of them. You have never heard me say that on this page. It is important that you do your own research.
If you read my pinned messages when you join this page, you will know that we are a group brought together to learn about the QFS.
Recently, I shared with you documents in an interaction between the SEC and Franklin Templeton assets. The registration process began in 2019, and we are recently seeing articles shared on this page about the liquidation process of that privilege to register on the QFS.
Source: Dinar Recaps
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