Highly stressed financial markets that are going through (a) low cost carry trade unwinding and (b) sharp repricing of money versus fiat currencies & physical commodities has now passed a second calibration point that, in a nutshell, becomes highly significant by the time 2032-2034 reveals the shift in the structural composition of US debt.
When it comes to dollar debt, it’s not the size that matters, but what its made up of.
All of the world’s central banks are well aware of this; thus, institutional accumulation of physical gold has created some spillover effects on the price of silver.
As the Bank of Japan (“BOJ”) deliberates on its impending rate decision come Friday, the US SEC’s recent greenlight for DTCC’s tokenization of gold and other of its custodian assets is that second calibration point.
DTCC now holds in custody over US$100 trillion in assets.
However, not everything that glitters like gold, is gold. Tokenization of a gold certificate, is a very, very different thing from tokenization of gold held and kept in a vault in some physical place somewhere.
Why size means nothing when it comes to US debt >
https://budget.house.gov/imo/media/doc/cbo_baseline_release_final.pdf
The second calibration point >
https://financefeeds.com/dtcc-gets-sec-green-light-to-tokenize-dtc-held-assets/
DTCC’s $100 trillion custodian pile >
Tokenized gold or token gold? >
https://ambcrypto.com/is-tokenized-gold-the-next-revolution-people-should-be-ready-for/
How BOJ’s Friday sushi brunch can make bitcoin people freak out >
#finance #money #bitcoin #crypto #blockchain #xrp