Goldilocks and Seeds of Wisdom
Goldilocks posted some news links and comments today:
Delegation From JP Morgan Visits Iraq | MENAFN.COM
https://menafn.com/1106428917/Delegation-From-JP-Morgan-Visits-Iraq
“CFTC Extends Public Comment Period on Proposed Rule to Address the Treatment of Separate Accounts of a Single Beneficial Owner by Clearing
Members”
This proposal was closed yesterday, but the CFTC has asked for 17 more days to finalize this process. The finalization of this proposal ends on June 30th 2023.
A “single beneficial owner” is someone who owns an asset such as currencies that has a value because of another asset supporting it and retains the right to utilize that asset as they see fit.
Everything is being backed by gold, a standardized process is going with it, and the inclusion of protocols in the banking system will clear the process.
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https://www.cftc.gov/PressRoom/PressReleases/8718-23
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“CFTC Adds 45 Unregistered Foreign Entities to its RED List”
There is a list of Forex trading companies that could leave you with very little protection if any at all.
This list is being compiled by the CFTC, and it could be something that saves you from going through a lot of heartache.
https://www.cftc.gov/PressRoom/PressReleases/8716-23
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The de-dollarization of the dollar is changing the Global Financial Network System.
With countries beginning to trade in their own National Currencies backed by gold, new trade flows are beginning to develop between countries.
New markets are beginning to form and diversify traditional trading routes creating new opportunities for growth.
This is creating new demands on local currencies and putting pressure on new exchange rates.
Watch the water.
Astana Times LINK
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“IMF Wants Zimbabwe to Take Further Steps on Currency Reforms”
Zimbabwe is in process of transitioning to a market-based price discovery monetary policy.
Price discovery is the interaction between a buyer and seller in coming up with a common price both agree upon.
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This is based upon supply and demand determining exchange rates for a particular asset.
Thousands of trades go in and out of Zimbabwe each day and Price Discovery allows them to create a financial system determined by their ability to create currency reforms that establish standardized practices.
Watch the water.
Bloomberg LINK
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New Development Bank To Compete with World Bank – SWFI
https://www.swfinstitute.org/news/97930/new-development-bank-to-compete-with-world-bank
Is the New Development Bank going to compete with the World Bank or phase it out as the QFS progresses?
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Federal Reserve Pause Interest Rate Hikes
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Watcher Guru LINK
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If you remember back in March, we talked about how the stock market and gold would begin to go to it’s real values by the end of June. (THE REVALUATION OF EVERYTHING)
The Pause in market interest rates will begin revealing real values to us going forward and what we need to do.
Well, this was cutting it very close, but this is the beginning of stocks going to it’s real value while gold and other commodities begin to go to their real values.
The effects of inflation has already done its damage. We have a long time ahead of us to recover, and this is where gold begins to reveal to us the power it really has.
In a little over two weeks, we transition into a new monetary policy (SOFR) involving gold as the standard by which we measure our money transfers going forward inside a digital economy.
At this point, we should see a rapid escalation in markets going to real values and currencies going to real values.
ON THE OTHER SIDE OF THIS TRANSITION, WE ARE GOING TO EXPERIENCE WHAT WE HAVE BEEN WAITING TO SEE BEGIN TAKING BABY STEPS INTO OUR FUTURE.
https://seekingalpha.com/article/4592624-what-happens-when-fed-stops-raising-interest-rates
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Although this process will take longer than 2 weeks, we have actually begun the process of revaluing a global economy.
This does not mean we’re not going to raise interest rates later in the year because that is a possibility per Jerome Powell.
Time will tell on this one.
Source: Dinar Recaps
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