GOLDILOCKS
If you take a close look at the article on the CFTC regarding their next meeting regarding clearing assets and their risks, you will notice that all the items on their agenda deal with clearing digital assets we have talked about this past year.
It is at this precise point of which assets trading with one another are because of a foreign currency exchange representation that is digitized and backed by gold.
This gives us a clue to where we are in the process of building the new digital asset based trading system. It is the exchange of money between countries in digital format that will become the protocols of the new Digital Financial System.
Could we see currency floats during high times of volatility this year? Yes, we might. And, the BRICS System just may be the cause of some of this with the introduction of their payment system and new payment coin being announced in October.
International Payment Systems integration (late this year going into early next year) will be the concluding steps we are looking for as we finalize regulatory laws (this year) that will enable us to move forward.
Many of theses laws are being finalized in the month of October 2024. Two will be done in November. Iraq will conclude their banking reforms in December. And then, we can begin to look for a Bretton Woods Agreement.
© Goldilocks
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