Goldilocks "This is What a Reset Looks Like" Saturday 5-6-2023
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.