The Quantum Financial System (QFS)
Ready to go
For good or for evil, the global financial reset is upon us.
This new digital financial system will tie the world financial system together in speed, security, consistency & transparency of transactions. The primary stated goal is to obliterate the possibility of money laundering. There may be other more nefarious goals which have yet to be revealed, and so I remain cautiously optimistic.
This new system works on the blockchain - a decentralized, distributed, digital ledger, a copy of which exists in thousands if not millions of data centers around the world. At this time, it is impossible to hack.
Every transaction ever made on the QFS will be immutable, which means it can never be amended after the fact. This gives rise to the Smart Contract which acts as a form of digital contract, eliminating the need for specialized services such as contract lawyers. The basis of the QFS is the tokenization/digital accounting of all physical goods - houses, cars, food, land, etc.
As of Tuesday October 1, all primary international banks will be in compliance with the new Reserve requirements, which will be held primarily in Gold. Traditionally, banks only had to hold 10% of a customer’s balance, resulting in the usurous practice of Fractional Reserve Banking. Going forward, banks are required to hold the vast majority of a customer’s deposit.
These major banks include HSBC, Wells Fargo, Barclays and Chase.
A new international payment standard also goes live on Tuesday, October 1. The Standard Overnight Financial Rate (SOFR) solidifies money into the banking system overnight. Up until now, some transactions have taken days if not weeks to resolve; that will no longer be the case. Small transactions will be instant, for instance shopping, and large international transactions will be settled by the next morning. We will never again have to wait days or weeks for money to clear in our accounts!!!
The looming Longshoreman’s strike, also scheduled for October 1, plays into this global transition. All points of commerce will need to transition to SOFR and it is necessary to bring those industries down for a short period of time in order to accomplish this great feat. This will very specifically affect the exchange rates of different international currencies.
October 1 is the beginning of the QFS.
Most laws and regulations have been put in place, however there are more steps before global integration is complete. On October 22, as the BRICS conference gets underway, a new FDIC law goes into effect regarding foreign currencies.
It seems that before the end of October, we will see the revaluation that we have been waiting for, as the entire world begins to coast toward equality in finance.
God willing!!!
I will continue posting as I learn more about dates and rates.
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