Goldilocks' Comments and Global Economic News for July 22, 2023
Goldilocks' Comments and Global Economic News for July 22, 2023
RJ: Good afternoon Dinar Recaps,
Goldilocks posted comments and links on global economics:
The QFS has so many components to it. What supports it is far more than just one or two assets.
We already know they are about to apply Basel 3 requirements to our banks increasing the amount of gold they hold inside their Capital requirements. This extends the net worth a bank holds to fulfill loans, investments, and payments.
Going forward, "all assets" in the market and available opportunities inside banks are tokenized and supported by various forms of rare earth minerals, gold, silver, oil, and other forms of collateral.
These asset-based opportunities extend beyond the banking system. Their inflows and outflows of economic activity creates opportunities for the growth of money are being decentralized and monetized through Basel 3 requirements.
Our banks and markets are inseparable institutions creating a self-sustaining flow of money through economic movement of money.
On July 27th, Basel 3 compliance will be implemented. This will create shocks and adjustments in our markets and payment systems as they find equilibrium or move into a real value.
"The Federal Reserve will hold an open meeting July 27 to discuss the central bank's Basel III endgame capital proposal, which is slated to be released earlier that day."
© Bloomberg News
Before the end of the year, Protocol 20 will activate digital tokens backed by assets inside the QFS. The combination of these two forms of payments will create new standardized practices forming new protocols inside Quantum Technologies.
© Goldilocks
https://www.americanbanker.com/news/fed-to-hold-open-meeting-on-basel-iii-endgame-proposal
https://www.pwc.com/us/en/services/digital-assets.html
https://www.investopedia.com/ask/answers/09/gold-standard.asp
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"Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with Minister of Finance of Vietnam Ho Duc Phuc"
The US is deepening their relationship with Vietnam and creating a bilateral agreement to engage in more economic partnerships.
This is coming at a time when they have just recently been through an Article 4 consultation with the IMF ensuring they are Basel 3 compliant and capable of ensuring the fulfillment of both sides of a trade. Look for this partnership to create more money flow between our
countries, and the demand on these new payment sources will increase the value of each other's currencies.
© Goldilocks
https://home.treasury.gov/news/press-releases/jy1640
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This is the gold price set up going into the Fed meeting next week | Kitco News
Kitco LINK
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Entire Housing Market, Buyers and Sellers, May Have Shrunk by 20% to 25% because of the 3% Mortgages | Wolf Street
WolfStreet LINK
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