"QFS CONVERSATIONS" WITH GOLDILOCKS, 21 MAY

 GOLDILOCKS

Goldilocks - QFS Conversations ™🌱🧂, [05/21/2024, 8:24:07 a. m. (05/21/2024, 8:28:51 a. m.)]:

"The final elements for the implementation of Basel III in the EU are now agreed and will start applying on the 1st of January 2025."

Currently, we have tokenized assets and stablecoins backed by gold and other commodities moving through legislation and expected to become law at the end of June 2024.

This is forcing governments around the world to begin making decisions to implement their new digital economy. These monetary policy shifts will create credit valuation adjustments across all sectors of the market including Forex .

Countries have began moving towards bilateral trade agreements utilizing their own currencies in trade. This move will increase the demand for their currencies, yet they still need a stable price on them.

This is where stablecoins come into play. Stablecoins are backed by commodities. This alone will support the need to raise the value of currencies around the world to level the playing field in trade.

For the last 4 years, trade has been disrupted and rerouted to increase the level of exports in countries around the world offering support for these new currency values that are about to come into play. 

The IMF has been working with countries globally to give guidance and instruction on their countries' ability to shift into a new supply and demand regimen. Work has been done to increase Capital Requirements  through commodities and increasing exports. 

These measures will support new values and justification for currency valuation adjustments because their credit in the ability of doing so will be met by the above requirements.

We have a deadline for these changes to take full effect by January 1st, 2025. As you can surmise, price pressures to move into a real value between now and then are about to begin. 

Look for XRP and XLM to be the first movers in the new digital economy. Their supporting actors will be ISO 20022 digital coins. These ISO tokens will be networks that will move money from one sector of the market to another. 

Our movement from wire transfers to instant transfers electronically and through a quantum computer will increase money velocity. This will increase demand and increase the value and support for currencies going to higher levels. 

Just holding ISO tokens and utilizing them in the new economy, with gold backing each of them, will serve as the bridge to our next economy. Commodities will be the next long-term Bull Run.

Our first RV (digital) is about to interface with traditional market assets on the QFS. This will transform our banking system and markets (paper money) into the new digital asset based trading system - the second RV.

© Goldilocks 

https://www.studysmarter.co.uk/explanations/macroeconomics/economics-of-money/money-supply-and-exchange-rate/#:~:text=As%20the%20value%20of%20money,pushes%20the%20exchange%20rate%20down.

https://theprint.in/business/global-trade-growth-is-set-to-double-in-2024-heres-why/2089901/#:~:text=The%20IMF%20also%20predicts%20the,of%20the%20past%20four%20years.&text=Global%20trade%20growth%20is,and%20a%20booming%20US%20economy.

https://itsupplychain.com/are-stablecoins-good-crypto-investments/#:~:text=For%20example%2C%20if%20a%20stablecoin,the%20stablecoin%20will%20also%20decrease.

https://www.investopedia.com/ask/answers/041515/how-does-balance-trade-impact-currency-exchange-rates.asp

https://www.investopedia.com/ask/answers/09/gold-standard.asp

https://www2.deloitte.com/ro/en/pages/risk/articles/the-final-elements-for-the-implementation-of-basel-iii-in-the-eu-are-now-agreed-and-will-start-applying-on-the-1st-of-january-2025.html

FIT21 Gets House Vote, Will Crypto Stay a Partisan Issue | CCN.com

https://www.ccn.com/news/crypto/fit21-house-vote-crypto-partisan-issue-define-maxine-waters-legacy/

Iraqi Dinar update for 05/20/24 - What do the Iraqi people think about t...BY PIMPY

By 92%... An Increase In Sales Of Foreign Remittances At The Iraqi Central Auction, 21 MAY

 By 92%... An Increase In Sales Of Foreign Remittances At The Iraqi Central Auction

Economy | 02:53 - 05/20/2024   Mawazine News _ Baghdad   External remittances at the Central Bank of Iraq auction rose by 92% on Monday, at the expense of cash sales, to reach $254 million.

In its auction today, the Central Bank sold 273 million and 572 thousand and 542 dollars, which it covered at a base exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,305 dinars per dollar in cash.

He added that most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 254 million 462 thousand and 524 dollars, an increase of 92% over cash sales amounting to 19 million 110 thousand dollars.

The number of banks that purchased cash dollars reached 4 banks, while the number of banks that responded to requests to enhance balances abroad reached 15 banks, and the total number of exchange and brokerage companies participating in the auction was 36 companies. https://www.mawazin.net/Details.aspx?jimare=248346

JUDY NOTES, 21 MAY

Global Currency Reset:

• US Treasury Conference Call on Sun. 19 May 2024: “Everything is on schedule and the US is finishing up last minute paperwork. All tests for the RV have gone great. Stay positive. It’s coming.”… Mena, Liberty Lounger Extraordinaire on Telegram Sun. 19 May 2024
• Mon. 20 May 2024 Wolverine: “It’s near guys. I’m not going to say time or day, but I know we are going to have a beautiful, beautiful month.”
• Mon. 20 May 2024 MarkZ: “Many banking sources are expecting big things this week. Some expect things as early as today. Many bankers are upbeat about today and this upcoming Memorial Day Weekend. 
• Mon. 20 May 2024 Rubix Q: “I now have a banker and he has verified this is real. They have been trained and it is a WF bank. He also said that they will be playing a huge role in this. Call around ask for a wealth manager. If they are participating they will set you up with a relationship manager. I was also told when asking, we will not be the ones under NDA…He couldn’t say anymore….hint hint.”
• “Gold is money. Everything else is credit.” -J.P. Morgan 1912

https://operationdisclosureofficial.com/2024/05/21/restored-republic-via-a-gcr-as-of-may-21-2024/

Surprise surprise present died on the helicopter crash you guys believe it BY NADER FROM MID EAST

Among Them Is Related To Capital... Economic Questions Haunting The Work Of Digital Banks, 21 MAY

 Among Them Is Related To Capital... Economic Questions Haunting The Work Of Digital Banks

Economy News = Baghdad   Today, Monday, the economic expert, Mahmoud Dagher, raised several questions about the nature of digital banks in Iraq, while confirming that any bank can adapt its banking system to digital.

Dagher said, in an exclusive interview with Al-Eqtisad News, “The digital bank is ultimately a bank with its banking operations, from cash and in-kind credit to deposits and borrowing, as well as all the activities associated with it, and it is an evolution in the banking system to complete digital operations.”

He added: "As for compliance, combating the financing of terrorism and corruption, and oversight and auditing, they do not differ at all from existing banks. Rather, the responsibilities of the executive management and the Board of Directors continue and are also governed by the laws of the Central Bank, governance, and banks, in addition to the Anti-Money Laundering Law, as well as the instructions of the Central Bank."

The economic expert explained: “Nothing will differ except that operations are conducted through applications, and even these banks have taken steps to establish them, that is, some banks have converted their operations to digital instead of face-to-face,” indicating that “any bank can adapt its banking system to digital in addition to the regular one.”

He pointed out, "Central banks support and encourage this trend, and banks are also seeking to make their digital window wide, especially after the spread of applications and ATMs that withdraw and deposit."

Dagher asked: “Why is the digital bank’s capital less than other banks? And why are there special instructions for the digital bank instead of incentives to support the digital window and voluntary transformation of digital systems as an option for banks?”

Views 173 05/20/2024 https://economy-news.net/content.php?id=43576

How Deleting Three Zeros Will Change the Iraqi Dinar BY AWAKE IN 3D, 21 MAY

How Deleting Three Zeros Will Change the Iraqi Dinar

The critical differences between currency re-denominations and exchange rate purchasing power explained.

Currency re-denominations and exchange rate purchasing power are essential concepts to clearly understand in a global financial system.

They influence how money is valued and used in different economies.

Introduction to Currency Re-Denominations

Currency re-denomination involves changing the face value of a country’s currency by removing zeros from the notes. They are not rare.

Romania, for instance, re-denominated their currency in 2005 by deleting five zeros. Both the old and new notes remained in circulation together.

Romania deleted five zeros from their currency in 2005

This process does not alter the currency’s actual purchasing power. It is typically undertaken to simplify transactions and accounting.

Practical Examples and Misconceptions

Example: Iraq

Consider Iraq, where a 1,000 IQD note currently buys a single loaf of bread.

If Iraq re-denominates its currency by removing three zeros, the new note would be a 1 IQD note. Despite this change, the new 1 IQD note would still buy the same loaf of bread.

The purchasing power remains unchanged because the value of the currency relative to goods and services stays the same.

Common Misconceptions

Some people believe that removing zeros from a currency increases its purchasing power.

For example, they might think that the new 1 IQD note would buy 1,000 loaves of bread instead of one. This misconception ignores the fundamental principle that re-denomination is merely a cosmetic change.

The actual value of the currency, and what it can buy, does not increase.

The Impact on Salaries and Real-Life Scenarios

To further clarify, let’s consider a salary scenario.

If an individual in Iraq earns 100,000 IQD per month, a re-denomination removing three zeros would change their salary to 100 IQD per month.

The new 100 IQD salary would still have the same purchasing power as the old 100,000 IQD salary, allowing them to buy the same amount of goods and services.

Historical Context: Zimbabwe

Zimbabwe’s experience with re-denomination provides a similar example in reverse.

During periods of hyperinflation, Zimbabwe repeatedly added zeros to its currency, creating notes worth trillions of ZIM.

Zimbabwe 2008 100 Trillion note.

However, these new notes did not buy more than the previous billion ZIM notes, illustrating that re-denominations do not enhance purchasing power.

Understanding Currency Exchange Rates and Purchasing Power in Kuwaiti Dinar (KWD)

Determining a currency’s purchasing power relative to other currencies involves complex calculations, especially with fiat currencies.

For example, Kuwait’s dinar (KWD) has the highest exchange rate against the US dollar. However, this does not mean that the average Kuwaiti has higher international purchasing power than the average American.

Salaries in Kuwait are lower in KWD terms, reflecting the exchange rate’s impact.

Example: Moving from the USA to Kuwait

If someone earning $100,000 per year in the USA moves to Kuwait for work reasons, they cannot expect to earn 100,000 KWD per year.

This would be equivalent to earning $260,000 per year instead of the previous $100,000/year.

It would be great for the person moving to Kuwait, yet it is a completely unrealistic scenario.

Instead, their salary in Kuwait would be adjusted to match the KWD/USD exchange rate, likely around 38,000 KWD per year at current rates.

This ensures that their salary purchasing power remains reasonably consistent across currencies.

The Bottom Line

Currency re-denominations and exchange rates are vital in understanding how money functions globally.

Re-denomination changes the face value of money but not its purchasing power.

Similarly, exchange rates impact how much goods and services can be bought in different currencies.

---

© GCR Real-Time News