Goldilocks and Seeds of Wisdom
Goldilocks posted some links and comments to help us understand the global financial situation:
“Referring to the letter of the Prime Minister’s Office No. (3063/2314866) on 5/22/2023 and to achieve the principle of financial inclusion and sustainable development by delivering banking and financial services to all segments of Iraqi society and at any point in our beloved Iraq, all licensed banks must open branches in areas with Large population density, especially Al-Zawra district (Al-Ma’mal area). Please inform us of your procedures in this regard as soon as possible”
There is only one reason for this to take place.
More money flow.
When a country attracts more demand for their currency, it’s value increases.
How Do Interest Rates Affect Exchange Rates?
https://www.bound.co/blog/how-do-interest-rates-affect-exchange-rates#:~:text=As%20more%20investors%20are%20attracted,the%20value%20of%20a%20currency.
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“Today I filed the SEC Stabilization Act to restructure the SEC and fire Gary Gensler,” announced
(https://twitter.com/WarrenDavidson/status/1668305460368121857) Warren Davidson (R-OH) on Twitter Monday. “U.S. capital markets must be protected from a tyrannical Chairman, including the current one.”
Congress is currently in process of cleaning the swamp. We need someone who is more crypto-friendly going forward in leadership positions of our new digital asset-based trading system.
It is believed that our current SEC chairman is driving many of our crypto markets overseas with many of his decisions aiming to stop the growth of and into this new economy.
Nothing can stop what is currently taking place, but we may see new leadership to carry it forward.
https://decrypt.co/144280/congressmen-draft-bill-to-fire-gary-gensler
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“Now MiCA crypto legislation is final, regulator ESMA to run consultations”
Markets in Crypto Assets (MICA) is likely to become the Standard for our Global Digital Economy.
It will provide clear guidelines for our stablecoins and other digital tokens going forward with consultations beginning as early as July.
These consultations will take place all the way through 2024 and complete this process in 2025.
All we need is for them to begin as early as next month, so we can begin the process of implementing our new digital economy.
https://www.ledgerinsights.com/esma-consultations-mica-crypto-legislation-final/
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“Gold buying up and US Dollar holdings down at Central Banks”
This is a major shift taking place in our Global Economy. A move from holding the US dollar to holding gold is the preferred monetary currency.
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In August, we are going to see the BRICS nation’s currency take away some of the share as well from the dollar.
It is clear we are at the beginning stages of a new economy, of which, will begin showing new correlations in our Global Markets as early as July.
Nothing happens overnight, but we will be clearly inside a new world financially.
https://dailyreckoning.com/rickards-drops-bombshell/
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The Emerging Markets are feeling the impact of the high cost in the use of the dollar.
It is each Country’s responsibility to stabilize their currency.
This is why new structural reforms inside a new digital asset-based economy are coming into play.
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If you take a close look at the articles written today, you will notice that the dollar is about to start going to a real value as gold steps up to the plate and goes to its real value.
The dollar faces many levels of competition beginning with new digital currencies formulating new price patterns in July along with the new BRICS Nation’s currency introduction in August.
The next few months will begin the process of leveling off of the currencies. We will keep a close set of eyes on this as it progresses.
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“Monetary System coming in a matter of weeks.” James Rickards
Source: Dinar Recaps
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