Goldilocks "All Roads Lead to Gold" Wednesday 5-17-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted comments and links this morning:
StableCoins Are (Not Just Similar To) Money Market Funds - Fin Tech - United States
There's a strong desire to label stablecoins as securities based on them as being digital assets used as investment contracts.
Yet, in order for stablecoins to remain stable representatives of a country's currency, they need an underlying asset to hold their value during stress points.
This has been the point of contention between the CFTC and the SEC. It looks like we are going to experience guidance from both the SEC and the subcommittee of the CFTC on digital commodities as we move to the implementation phase of the legislative process.
These combined rules and guidelines will standardize the banking/trading aspects of currency reforms going forward. This is how the process is playing out and giving name to the term gold (CFTC)/standard (SEC). So far, Congress seems to be on pace to finishing this up by the end of June.
© Goldilocks
https://www.mondaq.com/unitedstates/fin-tech/1315416/stablecoins-are-not-just-similar-to-money-market-funds
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"Banks launch digital Fraud Reporting Exchange"
This platform increases communication between banking systems with a prime focus on minimizing fraudulent activities.
It is a real-time service designed to catch scam activities on the spot.
These security mechanisms will enhance the use of cross border/trades near and far.
© Goldilocks
https://www.itnews.com.au/news/banks-launch-digital-fraud-reporting-exchange-595867
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The continued de-dollarization of the dollar is beginning to leave gaps in the weighted values of currencies all over the world.
\To make up for this loss, Central Banks around the world have been accumulating gold to increase the net worth of their country's currency.
This is why we have been undergoing currency reforms as of late to attach a standardized process that will enable a pegging mechanism added to currencies near and far.
As we approach the implementation status of these reforms, we are going to see an increase in the purchasing power of these reforms.
In order to move into a status that allows for an increase in purchasing power of currencies around the world, we are looking at attaching a certain weight of gold to this process.
What this means for gold is transformative. It means that the value of gold is currently undervalued and a repricing event is forthcoming.
All roads lead to gold.
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