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!
Question:
Why do you keep insisting that the securities be non fungible (i.e. NFT) ? In fact, fungible tokens are a much better solution in most instances for corporate bonds and securities. Unless you really need to distinguish between my share of stock and your share of stock because they are unique, this seems to be nothing more than an unnecessary intrusion on privacy.
NFT's need to be limited to things that are actually non fungible, such as works of art where every piece is unique. (Or, as you say, home titles.) For company stocks and bonds, standard, fungible blockchain tokens are much preferred in my opinion.
And importantly, the blockchain itself needs to be both public (so anyone can become a verification node) and not proof of stake (so that you must sacrifice an entirely orthogonal asset class in order to participate in the authentication of trades.)
Bitcoin, with its proof of work mining algorithm, was conceived as it was for a very particular reason, and people today have forgotten why those reasons are important in their quest to be "green". Private blockchains and proof of stake blockchains risk recreating the very thing they were meant to prevent. Just in a different form.
Well the solution being built appears to be through Gamestop's new parent company GMErica and the token tech they are centered around is LoopRings L2 built on ETH. We now have fiat on and off ramps up and working as well.
There's a history of loopring guys talking about transforming / changing the financial system, so I'm not "insisting" on anything, I'm telling you what I think is coming based on the last year of looking at this.
I haven't explored anything else because I haven't seen evidence of anything else about to drop. Where as GameStop has sniped top talent from a host of other MUCH bigger players under and these people are all NDAs. If you were in line to be the next CEO of Amazon or Google itt would take something pretty damn big to get you to leave and go work for a failing brick and mortar. The signs point to this and in Oct according to Gamestops own filing they can move their stocks to another system since the DTCC failed to distribute their stock dividend.
If you see something else that looks like it's ready to drop by the years end I'm all ears. But the timing of this makes it look like Red stOcktober was the intent and I see no other puzzle piece that fits even remotely as well as this.