Goldilocks and Seeds of Wisdom
Goldilocks posted comments and news links on the global financial system:
$48,810,000,000 in Deposits Exit US Banks in One Week As Money Market Funds Report Massive Inflows – The Daily Hodl
“A LLL is the most a bank can lend to a single borrower. These limits protect the safety and soundness of banks, promote diversification of loans, and help ensure equitable access to banking services.”
“Lending Legal Limits” are coming into play inside the banking system going forward. As you have noticed from other lending services in recent articles, banks are beginning to protect themselves from their customers.
We have moved from the customer always comes first idea to new ones based on survival. The question remains. Are you making investments that protect you? I cannot give you advice, but I can tell you to look back over some of our articles together.
Everything I have shared in this room is investments that can be made inside the new system, and they are protective assets for you and the bank. It is a teaching room designed to give people ideas on how to prepare for the future.
We are at a point where there is no tomorrow. It only takes one good idea to help you through this economy as it shifts into another one.
Silver is coiled like a spring. Move from your left to your right and look at the end of it. This design on a market chart is called a coil. It is ready to spring upward toward higher levels.
Yes, we can see on the market charts it is beginning to climb making up the distance between gold and silver ratios.
We can claim it has been held down for many many years.
And, there are many other factors. Let’s take just a few mentioned in the article below.
“The silver exchange rate is determined by many factors:
* Industrial demand
* The US dollar
* Correlation between gold and silver
* Geopolitical issues
* And the economic cycle”
We have all of these going on, but the bottom line is we need a catalyst to move us forward.
A primary reason why silver will grow is because of green energy projects such as electric cars.
HI-HO SILVER: Silver Is About To Be Unleashed To New All-Time Highs Above $50 | King World News
The Digital Dollar Project partnered with Western Union for a survey assessing central bank digital currencies (CBDCs) use in cross-border payments. The pilot project highlighted the potential benefits that came from CBDCs.
Most studies on CBDCs have focused on the preferences of central banks. However, the CFA conducted a survey to assess whether stakeholders were ready for this product.
The survey results showed limited support and understanding of CBDCs. It showed that 42% of the respondents believe central banks need to launch CBDCs, while 34% disagreed. Only 13% of the respondents admitted having a solid understanding of CBDCs.
The research also demonstrated that the adoption of CBDCs differed by region. It found that younger respondents were receptive to CBDCs.
Despite the conflicting opinions about CBDCs, leading players in the financial industry are taking the initiative to support these assets. Mastercard launched a new CBDC Partner Program to boost collaborations with top players in the industry to boost innovation and efficiencies. The program involves leading providers of blockchain technology and payment services.
√ Top Forex Brokers for Online Trading in 2023
MUMBAI, Aug 25 (Reuters) – “India’s foreign exchange reserves (INFXR=ECI) declined to a near two-month low of $594.89 billion as of Aug. 18 and posted their steepest weekly fall in more than six months, data from the country’s central bank showed on Friday.”
This has been going on for some time, and it is beginning to reach critical levels. The demand for the Rupee has been increasing through the use of new bilateral trade agreements utilizing their UPI mechanism for trade.
India has been spending down their foreign currency reserves and their rupee in their trades. The use of spending the dollar in trades while they still can has been in play.
In terms of trading, their next step will be to increase their Rupee exchange rate in anticipation of their main use of the dollar having the potential to go to lower levels.
Are you beginning to see what happens in a de-dollarization process?
Mortgage demand is now at its lowest level since 1995 and still falling SHARPLY.
To put this in perspective, mortgage demand in 2005 was ~300% above current levels.
Since 2021, mortgage demand is down a massive 60%.
Meanwhile, existing home sales are down 16% this year, their lowest since 2010.
No one wants to sell and no one wants to buy.
Truly historic times.
This week lived up to the hype as transformational and historic.
A new global paradigm is unfolding before us.
United Arab Emirates
All added to BRICS.
Read full article: https://x.com/goldtelegraph_/status/1695824616055250995?s=46
How e-RUPI Works?
Iraq’s Electronic Payment Acceptance Landscape – Iraqi Innovators
Source: Dinar Recaps
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