Goldilocks "USN Notes Are Moving" Sunday 2-26-2023
Goldilocks and Seeds of Wisdom
R.J.: Good morning Dinar Recaps,
Goldilocks posted a commentary with 2 links:
"DEUTSCHE TELEKOM INTERNATIONAL FINANCE B.V. LAUNCHES CASH TENDER OFFER FOR TWO SERIES OF ITS U.S. DOLLAR NOTES"
"The difference between a United States Note and a Federal Reserve Note is that a United States Note represented a "bill of credit" and, since it was issued by the government itself and does not involve either lending or borrowing, was inserted by the Treasury directly into circulation free of interest."
This is the meaning of moving into a SOFR/Collateral Based lending system of credit.
Thus, USN notes are moving.
Again, we must remember that the Deutsche Bank reaches into all the banks around the world.
As we discussed in the case of Iraq, they are already using USN notes while you and I are currently using USD.
Changes are coming.
© Goldilocks