Goldilocks "Where Have We Been, and Where Are We Going From Here?" 6-2-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted news links and comments to help us understand where we are:
Where have we been, and where are we going from here?
For the last year and a half, the world has been engaging in creating new values on every single asset on our Market.
Each time a sector of the market was transitioned into being tokenized and backed by a real asset, we have witnessed new legislative laws governed by several different Financial Departments overseeing them be restructured.
This has taken place all the way until March the 21st 2023 when the New International Payment System came into play.
From that moment on, we began to work with currency/digital reforms tokenized for our new standardized payment system backed by commodities.
This process that began in March ends June 2023 placing new values on our paper/digital economy.
They are new values because no asset stands alone going forward without a commodity tokenizing it and giving it a real net worth.
This is why March through the end of June has been a revaluation of our entire payment system to compliment a revaluation of everything for the last year and a half.
At the end of June, we are going to implement what we have done in completing the entire QFS on an administrative level based upon standardized protocols in the banking system that will give rise to a digital-asset based trading system.
In the end, these new values will be the final revaluation of an entire global economy triggering a Global Currency Reset.
Many of you in my room have witnessed a brand new global economy being built from the ground up. I want to thank you for your patience and diligence in learning this new Financial System for it will prepare you going forward for any project you choose to be involved in undertaking.
But, we are not finished yet. On June 19th, the Bank of England will migrate to the ISO 2022 International payment system, and we are finalizing who is going to still be in charge of our new stablecoins by the end of the month in the US.
These final additions to the QFS are going to include all of the major countries around the world inside a new ecosystem whereby decisions made going forward will not be with a single country.
There will be a collective body from several countries that represents the World's new Financial System making decisions together and rising from the ashes from ground zero, and into, a world of unlimited possibilities.
© Goldilocks
https://www.bankofengland.co.uk/payment-and-settlement/rtgs-renewal-programme/iso-20022
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So, the debt ceiling has been raised. Now what? Herein lies a great challenge.
In an attempt to raise cash for this new debt ceiling, the US is now engaged in raising money for their T Bills.
"T-bills are a short-term U.S. government debt obligation backed by the Treasury Department with a maturity of one year or less. " Investopedia LINK
On the other hand, companies around the world are engaged in transitioning into the new SOFR lending system and struggling to survive themselves.
They are the ones that usually buy these t-bills to keep their companies moving forward with liquidity.
The question still remains, who is going to finance the US for continuing to run a financial system creating more and more debt.
© Goldilocks
https://www.cnn.com/2023/06/01/business/treasury-bill-auction/index.html
"The final implementation of the Basel III regulatory framework will bring "more robust" and more standardized capital requirements the largest banks, Federal Reserve Gov. Philip Jefferson said in a speech Wednesday."
This month is the end game as Banks around the world raise their Capital requirements in assets backed by commodities.
Our SOFR lending system has standardized protocols that must be met going forward for banks to service their local economies.
Our new collateralized economy (SOFR) will transition us away from our debt based fiat system, and into, a Gold Standard.
July the fourth is shaping up to be a true independence day for our entire Global Nation as a whole.
© Goldilocks
https://www.americanbanker.com/news/feds-jefferson-basel-iii-endgame-will-bring-more-robust-capital-requirements
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As we transition from the old Financial System to the new one, the following are the next steps.
© Goldilocks
Next steps:
"On 1 July 2023, we will publish formal legal notices completing the implementation of these decisions.
Markets participants must take all necessary steps to ensure they understand how their contract terms interact with LIBOR’s winddown.
Market participants must continue to actively transition contracts that reference US dollar LIBOR, and not rely on the synthetic settings.
The 3-month synthetic sterling LIBOR setting is expected to cease at end-March 2024. Market participants using this LIBOR setting must take necessary action to prepare for this."
See FS23/2 for full details.
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As you can see from today's postings and postings from the last year and a half, this transition is real based on actual government documents signed by International lawyers and committed to legislations throughout the world.
Hang on just a little bit longer. As you can see, we are reaching a final culminating point to what we have been looking for...
© Goldilocks
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