More News, Rumors and Opinions Saturday Evening 3-11-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good afternoon Dinar Recaps,
Goldilocks posted comments with a link:
"Nine banks and three central banks participated in testing Swift's API-based CBDC connector across two blockchain networks and fiat-based payment systems."\
The digital dollar has been tested (12 weeks) and ready to be implemented inside the new Global Digital Economy being activated on March 20th 2023.
© Goldilocks
Swift Concludes 12 Weeks of Tests on CBDC Interlinking Solution - Regulation Asia
https://www.regulationasia.com/swift-concludes-12-weeks-of-tests-on-cbdc-interlinking-solution/
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Goldilocks posted the following Youtube video, but it is no longer available. Maybe the title will be enough to explain when looking at all the articles as a whole!
ALERT! Gold & Silver Money COMING as Fed Has to ACT to SAVE ALL BANKS...Watch Next Week!! (Bix Weir) https://youtu.be/HWjV4mxHvFc
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RJ: Goldilocks posted several relevant articles with a comment in between:
The Silicon Valley Bank crisis will force the Fed to slash rates by 100 basis points to prevent contagion, market guru says
I won't say this is going to happen right away, but it is about to happen. Be ready for price action changes across all market sectors, department stores, and more.
Everything is about to go to real values.
* Goldi
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What Comes After The Great Liquidation?
https://www.zerohedge.com/markets/what-comes-after-great-liquidation
Goldilocks posted an article from the Federal Reserve with comments:
Matter(s) to be Considered:
1. "Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks."
A discount rate is an interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility.
This is another way of saying that Banks and other financial institutions are undergoing a restructuring of their debt.
It is a formal announcement indicating that the Federal Reserve is in process of resetting a financial economy.
© Goldilocks
https://www.federalreserve.gov/aboutthefed/boardmeetings/20230313closed.htm
Goldilocks' Telegram Room
https://t.me/+YU9UrHLxFbszOTJh
Goldilocks on the Seeds of Wisdom Team Website
https://www.seedsofwisdomteam.com/goldilocks
Thank you Dinar Recaps
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The news...saying we're going to be the hub for the trading world for the region as well as to reach international means. Telling us our float will add value to our currency. FRANK: We March into the month of March to show your new exchange rate and your new small category notes and everything you just told me enforces it...
Bruce [via WiserNow] ...we've heard this from three or more different sources - some are saying that we will receive this [notifications] in three to four days, which would be Friday, Saturday, Sunday...or Monday...two other sources has specifically said that we would receive this over the weekend...I just don't know if it's going to stretch us out to early next week...I know it's coming...So we are really, really close...I would think we'd be pretty, pretty good shape for Saturday or Sunday.
Gerald Celente: US Government Pumps $29 Trillion Into Economy - Now We're Going Down!
Good as Gold Australia: 3-11-2023
In this latest interview, Darryl and Brian Panes chat with the one and only, Gerald Celente - Director of the Trends Journal Research Institute and the Publisher of the Trends Journal where you read about history before it happens.
The Governor of the Reserve Bank of Australia just handed down the 10th successive interest rate increase. It was another .25% taking the cash rate to 3.6%. That's added $1500 a month to a $750,000 mortgage.
Simply put, Australians can't afford it. Australian residential land value to GDP ratio is now higher than Japan's at the height of the 1989 bubble when we saw property prices drop around 70%.
During Japan's property bubble, the ratio of residential land value to GDP hit a record of more than 330%.
Australia has just beaten that record. Also, during the period before the global financial crisis in the US, property prices rose by the equivalent of 60% of GDP. Australia has experienced an increase of 100% of GDP in the last 3 years.
Japan experienced a major boom in the early 1980s that saw property and stocks explode in value, with skyrocketing asset prices blamed on easy credit and rampant speculation, coupled with a lax central bank - strong similarities with the US and Australia.
Land and real estate rose by nearly 170% between 1985 and 1990, while stock prices doubled between 1987 and 1990. The bubble began to burst at the end of 1989 when the bank of Japan started to sharply raise interest rates in an attempt to curb runaway prices.
Asset prices subsequently crashed, leading to a period of economic stagnation from 1991 to 2001 - striking similarities.
Could the US and Australia emulate Japan's lost decade? Gerald believes we are in for the worst socio-economic and geopolitical disaster in modern history.
We have never seen anything like this before. There are so many wild cards - military conflict in the middle east would send oil prices to over US$130 a barrel.
This would crash all economies, equity markets, housing markets.
It would bring everything down! We are on a knife's edge!
In 2008 the GFC hit and the Federal Reserve grew its balance sheet by more than 500%.
In 2020 due to the pandemic, the FED expanded again and the money supply increased by more than 100%. In each case, stocks, bonds, real estate, fine art and collectibles surged.
In both periods, we had massive money printing which correlates to massive inflation.
During the GFC period until now, Gold has increased by 180%. During the pandemic until now, Gold has increased by 7%.
THE FED's BALANCE SHEET HAS INCREASED BY 10x OR 1000%. Should one be seeing this currently as a 'fire sale' on gold and silver?