US Congress authorized CBDC - no surprise there. It is the DEBT reset.
Erase Liabilities from the US Balance Sheet and all other Nations.
Chose your Habitation Domocile carefully as many States will push back.
We are in the process of relocating to a more sane State, not that it will matter in the longer term, but then we do not plan on being within the US in the next year.
Central Banks around the Globe have Digital "Currencies" fully authorized.
Questions?
Please direct those to your State Representatives.
@Tradersweekly, Regulations right on time... choking off private transactions for those seeking to keep them.
Tradersweekly
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@HK_L61, Right. Though downtrend has been in place even before that news about the ban in China. I think hourly timeframe will get overbought overnight so it can get sold during the day once futures market open. Have a good one. Trade safe!
HK_L61
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@Tradersweekly, And Japan, yes - the downtrend has held up quite well.
Tradersweekly
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@HK_L61, I agree. I am wondering whether gold is finally going to react somehow to all of this. Do you cover gold too?
HK_L61
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@Tradersweekly, Yes, I do, it simply isn't time within this cycle for Yields which is beginning.
Published extensively about Precious Metals for Decades and well aware of the Gold Complex.
Gold will come out of this next decline, ahead of the Indexes, and provide some profitable trades.
For now, we are simply watching.
Everything, our only position is Bond Complex - TLT Puts from 151+ spread 140 - 152.
Germany's election was of Interest, longer-term it will breed support for Gold.
The Merkel Social democrats (Aptly named after the Fall of the Wall, when Communists rebranded)
took a loss "reportedly" - times are a-changing in Deutschland and the EU Zone.
it is, after all, antithetical to the Current push for Digital Script.
Black Markets always develop out of necessity when Price discovery is crushed.
HK_L61
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Federal Reserve authorized to use of "Distributed Ledger Technology" - for the creation, distribution, and “Recordation” of all the transactions.
Currencies are DOA.
Welcome to the Pokemon Pit Recordation - On/Off/On
HK_L61
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Suspend the DEBT Ceiling - in Trade into October - China Declares All Virtual Currency Transactions "Illegal"
China the Vector.
leftygolf69
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HK what are your current views on this one. just shorted it today
HK_L61
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@leftygolf69, Staying away for now, It dipped into to 42K, not good.