Global demand for dollars INCREASES during the end of a currency regime, because the whole system delevers and all these foreign countries need to pay off their debt. Remember most foreign countries have their debt denominated in dollars.
So they will sell treasuries and US equities in order to get dollars. And most of all their own currencies.
The dollar will scream higher on foreign exchange, while everything else falls. It is a strange world.
Basically, the Fed will have to eventually decide if they want to save the Eurodollar system and by extension, foreign countries from seeing their currencies collapse vs the dollar.
They will have to re-run Plaza Accords (G7 agreement from 1985) to devalue the dollar.
All roads lead to more money printing which = inflation.
Then.... The Fed Stopped Buying MBS 7 days ago. The purpose of MBS purchases was to repress mortgage rates and inflate home prices. That process has already started to reverse over a week ago. TA:DR **October **20th the last MBS trade will settle with The Fed. What happens between now and then? We shall see.
In a dollar endgame, the collapse begins at the periphery and moves to the core.
The first dominoes begin to fall...
Then the stock market is also showing signs of BIG trouble..... the VIX has officially hit 30 again. We’re officially in “large volatility resulting from increased uncertainty, risk, and investor fear”. Looks like it will be a RED OCTOBER in the markets.
At the same time... from the FTX president AMA: They want to "set up a regulated exchange in the US that is able to offer security tokens..."
Tokenized securities are coming. A new stock market with stocks as NFTs. This ends most fraud / loopholes being used in the current system and with virtually no need for gov oversite / regulation besides just the rules / regulations they want programed in. This takes a HUGE amount of power from corrupt institutions.
FTX is working with GameStop and LoopRing (LRC)
Rumor is OCTOBER launch on that.
All this seems to be coming together at the same time.... almost like there was a plan to blow up the old system and replace it with something better.
For those that don't understand NFTs or what tokenized securities / assets means check out this post I made a while back:
The revolution will be tokenized. (Why the MSM trashes NFTs so hard) Game Stop = Game Over!
XRP from Ripple is the base of the system. They've been building the financial system for over 10 years now and they're almost ready.
I heard this last week from someone who seems to be very well connected with inside info, but like always, grain of salt, who knows for sure...
He said XRP will be for institutional use only. When the time comes (seems to rapidly approaching) there will be a buyback of all XRP from the public for a non-negotiable price ($589???)
He said XLM (and other ISO) will be used by the public, and will jump up initially in value, of course, and then continue to rise in value over time as adoption increases.
I don't know much about crypto, but I'm holding XRP and XLM in a hardware wallet, so we'll see what happens, and I'll learn as we go.
I added a bunch more XRP a couple weeks ago at 32 cents but looking to really stock up if it goes to the 10 cent range as some predict it might. I've read theories that when Tether inevitably collapses then it takes down all crypto to extremely low levels. After that the ISO coins are the ones to rise from the ashes and move forward.
Correct. Ripple is basically only selling to their institutional clients nowadays. I don't know if anymore XRP will ever be available for retail users. But I'm pretty sure 589 is masonic symbology and not an actual price. I'm not waiting for the big crash to buy anymore because I suspect we won't be able to buy during the big crash so I'm buying now.
$0.35 on Sept. 19th to $0.55 today.
ISO20022 compliance is the future and it's coming fast.