Goldilocks and Seeds of Wisdom

Thank you RJ

RJ:  Good morning Dinar Recaps,

Goldilocks posted explanations/comments and links:

(Reuters) -"Scope Ratings on Friday placed the United States of America's AA long-term issuer and senior unsecured debt ratings in local and foreign currency under review for a possible downgrade due to longer run risks associated with the misuse of the debt ceiling instrument."

Unsecured Debt means indebtedness for borrowed money is not supported by a guarantee, letter of credit or other form of credit enhancement.

This is another reason the US has to finish their digital/currency reforms and move away from a fiat system to some form of gold standard.

This matter is inside an urgent status at this point where the danger of a lower credit rating will soon be applied to both local and foreign currency statuses that will affect exchange rate policies.

And then, we still have a debt ceiling crisis that does not make the matters any better.

For this reason and others,. We are witnessing a transition into a gold backed economy currently being standardized through reforms that will lead us into a gold standard set of protocols for the banking and market sectors.

© Goldilocks

https://gazette.com/news/us-world/scope-ratings-places-us-credit-ratings-under-review-for-possible-downgrade/article_95667a3e-a17a-554c-ae00-a88114e02063.html

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"The Commission is adopting amendments to Form PF, the form that certain investment. advisers registered with the Commission use to report confidential information about the private funds that they advise. Form PF provides the Commission and FSOC with important. (3 days ago)"

This along with broker-dealer relationship upgrades to contracts are being revised.

There is a particular section in there that caught my interest. It it dealt with people receiving large sums of money and the need to report it because of its effect on the marketplace.

Also, there was a section inside these articles that dealt with reporting large sums of money when transferred between accounts.

These new updates had a lot to do with securities.

What makes a currency a security?

"According to the Howey Test, for a transaction or an asset to be regarded as a security, it must satisfy the following: "investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others."

https://www.makeuseof.com/are-cryptocurrencies-securities/#:~:text=According%20to%20the%20Howey%20Test,from%20the%20efforts%20of%20others.%22

© Goldilocks

https://www.jdsupra.com/legalnews/sec-adoption-of-current-reporting-and-6424370/

https://www.mayerbrown.com/en/perspectives-events/publications/2023/05/sec-issues-staff-bulletin-clarifying-care-obligations-of-broker-dealers-and-investment-advisers

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I showed you a report yesterday indicating how Regional Banks were bailed out. I posted it again in the link below. 

We were told that the jobs reports were so good that a turn of these events allowed the markets to move into green on Friday. 

Many times reports are revised a month or two later allowing banking interventions to be resolved.

Whether or not these reports were true that were given to us yesterday, the fact still remains gold's breakout was suppressed because of it. 

This gives us a little bit more time to transition many smaller banks into the larger ones. 

This is what a reset looks like.

© Goldilocks 

Kitco LINK

Investors LINK

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Goldilocks' Telegram Room

https://t.me/+YU9UrHLxFbszOTJh

Goldilocks on the Seeds of Wisdom Team Website

https://www.seedsofwisdomteam.com/

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