Seeds of Wisdom RV and Economic Updates Wednesday Morning 12-04-24

Good Morning Dinar Recaps, 

CRYPTO COMPLIANCE ‘NO LONGER OPTIONAL’ UNDER AUSTRALIA’S NEW DRAFT GUIDELINES

Sweeping proposed changes would force most crypto firms in Australia to obtain financial licensing, which some worry could drive innovators offshore.

Crypto exchanges and firms dealing with digital assets in Australia would no longer be able to avoid costly licensing under proposed guidance from the country’s corporate regulator.

On Dec. 4, the Australian Securities and Investment Commission (ASIC) released a consultation paper on proposed guidance for crypto, placing many digital assets under the category of financial products requiring in no uncertain terms that most firms dealing in crypto must be licensed.

“It’s a bit of a wake-up call,” Kate Cooper, CEO of Australia and head of APAC at the Standard Chartered-backed crypto custodian Zodia Custody told Cointelegraph.

“Compliance really is no longer optional for the industry, and a lot of the players, both local and international [...] are going to have to really look at and take an audit of what they’re doing from a custody and compliance management perspective.”

In Australia, businesses offering financial services and dealing in financial products need an Australian Financial Services License (AFSL), while platforms facilitating the trading of financial products may also need an Australian Market License.

The new guidance would require crypto exchanges and many other crypto firms to get one or both licenses.

Some worry that ASIC’s draft guidance could hang crypto startups out to dry and cause an exodus of crypto firms from the country.

“Obviously, the bigger businesses will be better able to withstand all of that regulation, all of that legal cost, compliance cost that is associated with it. Smaller businesses may struggle,” Liam Hennessy, a partner at Clyde and Co law firm and adjunct professor at the University of Sydney, told Cointelegraph.

Joni Pirovich, a crypto lawyer, wrote on LinkedIn that the updated guidance will make launching in Australia “on par or more expensive than launching offshore.”

“From a timing perspective, Australian innovators that want to launch now will likely do so offshore. Those that are based here face a significant step up in compliance costs,” she wrote.

Block Earner co-founder and CEO Charlie Karaboga, who was sued by ASIC for offering an unlicensed crypto-yield product in 2022, said it was an “amazing direction around clarity” but shared concerns about his business, which has just 13 employees, according to Pitchbook.

“I think ASIC underestimates the requirements needed to be met for an AFSL,” Karaboga told Cointelegraph, adding that firms need to hold millions of dollars on their balance sheets.

“Asking us to hold that much money basically could kill all the startups like us.”

“What’s clear is that this guidance will have significant implications for pockets of the local crypto industry,” Swyftx CEO Jason Titman said in a statement sent to Cointelegraph. “We’re not aware of any other countries that regulate exchanges like bourses. Rightly or wrongly, Australia is going it alone.”

ASIC provides much-needed crypto clarity
The silver lining, according to the executives, is that the regulator has finally released much-needed clarity for crypto — even if it is harsh.

“It is a significant piece of regulatory guidance to the market,” said Hennessy. “Anything which gives regulatory clarity is a good thing for the market.”

ASIC is considering a significant expansion of what it considers a financial product or service, including stablecoins, native token staking services, exchange tokens and wrapped tokens.

On the other hand, memecoins, gaming-linked NFTs, Bitcoin  and Ether may be able to escape the classification.

“I think it is quite an expansive view that has been taken as to what constitutes a financial product in the market,” said Zodia’s Cooper.

ASIC has invited feedback on the proposed updates until Feb. 28, 2025.

“We want to promote the growth of responsible financial innovation while ensuring consumer protection,” ASIC Commissioner Alan Kirkland said in a statement. “A well-regulated financial system benefits everyone in the community as it supports consumer confidence, market integrity and facilitates competition and innovation.”

“We encourage all stakeholders to engage with the consultation process,” he added.

A final version of the guidance is expected to come in mid-2025 after considering the feedback.

@ Newshounds News™

Source:  CoinTelegraph

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XRP LAWSUIT NEWS: CAN GENSLER’S REPLACEMENT PAUL ATKINS DISMISS RIPPLE CASE?

▪️Paul Atkins Appointed SEC Chair: Trump selects pro-crypto figure Paul Atkins as SEC chair, sparking debate on his impact on crypto regulation.

▪️XRP Lawsuit Update: Ripple’s legal battle continues as the SEC appeals the ruling, while Paul Atkins' appointment raises questions on crypto policy.

President-elect Donald Trump has chosen Paul Atkins, a pro-crypto figure, to chair the Securities and Exchange Commission (SEC), according to reports by Unchained. 

Current SEC Chair Gary Gensler announced he will step down on January 20 when Trump is inaugurated. Atkins, who served as an SEC commissioner under President George W. Bush, is well-respected in conservative legal circles and among the Republican establishment.

One major case before the federal courts is the ongoing Ripple (XRP) lawsuit, in which the SEC claims Ripple violated securities laws by issuing XRP. 

In July 2023, Judge Analisa Torres ruled that XRP was not a security when sold to retail investors on exchanges but was a security in institutional sales.

The SEC initially sought a $2 billion fine against Ripple but was instead given a $125 million penalty. In October 2024, Judge Torres rejected the SEC’s request to appeal, saying they didn’t have strong enough reasons. Despite this, the SEC appealed to the Second Circuit Court, arguing the decision went against Supreme Court rulings.

‘Paul Atkins is not what Trump Needs’

John Deaton recently explained that Paul Atkins would be a very traditional choice, one that Wall Street would likely approve of. He stated that Atkins is someone who respects the SEC and its staff, but what is truly needed is someone who challenges the SEC’s actions.

Deaton believes the SEC has harmed investors, rather than protecting them, and that a change in attitude is necessary. While Deaton would support Atkins if chosen, he feels he’s not the right fit if President Trump aims to bring change to crypto regulation.

Attorney Jeremy Hogan mentioned the cons of Atkins’ appointment and wrote,

“He won’t be the bull in the china shop many in the crypto space want. He will make measured and deliberate changes. Overall, I give his appointment a B+ for the digital asset industry, and that was good enough to get me a law degree so, yeah!”

FAQs

Who is Paul Atkins and why is he important for crypto regulation?
Paul Atkins is a pro-crypto figure nominated as SEC chair by Trump, potentially influencing crypto policies and regulations.

What happened in the SEC vs Ripple case?
The SEC sought a $2 billion fine against Ripple but was given a $125 million penalty. The SEC continues appealing the decision in higher courts.

@ Newshounds News™

Source:  Coinpedia

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RIPPLE LABS IS ABOUT TO USE XRP TO TURN REAL ESTATE UPSIDE DOWN  |  Youtube

@ Newshounds News™

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IRAQI PARLIAMENT MEETING TURNS INSANE!  |  Youtube  

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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News, Rumors and Opinions Wednesday AM 12-4-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 4 Dec. 2024

Compiled Wed. 4 Dec. 2024 12:01 am EST by Judy Byington

Possible Timing:

At any moment Tiers 3 and 4a/b (including the Internet Group) were expected to receive notifications to schedule redemption appointments. Bondholders in Tiers 1 and 2 have already received their funds, but are under NDAs. …Gitmo TV on Telegram Tues. 3 Dec. 2024

Thurs. 5 Dec: BRICS nations to unveil the Global Currency Reset. …Gitmo TV on Telegram Tues. 3 Dec. 2024

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Global Currency Reset:

Tues. 3 Dec. 2024 Bruce:

We got information over the weekend that we’d be going any day now.

We get our information from five different leaders and they are now under NDAs.

When you access the 800 number you will be transferred to a Redemption Center according to your zip code number.

Redemption Centers have the best rates, so be sure and exchange at a valid Redemption Center, not a bank.

You don’t have to have a Humanitarian Project to get the Contract Rate on the Dinar. Ask for the Contract Rate on the Dinar. It is much better than the front or back screen rates – way higher.

A lot of the Redemption Centers are no longer able to communicate. They had new NDA’s signed yesterday Mon. 2 Dec. and today Tues. 3 Dec. Some Redemption Centers have had their numbers removed.  

Iraq had a new rate on the Dinar last Sun. 1 Dec. 2024.

The entire country of Iraq is now functioning on the lower denoms. They are out and being utilized, with changed prices.

The Dinar rate in Iraq is very good but is supposed to go up tomorrow Wed. 5 Dec. 2024.

We’ve heard from four or five different sources that the new rates are supposed to come out tomorrow Wed. 4 Dec – on the Dinar, Dong, Rupiah, with exchanges on Thurs. 5 Dec.

Mon. 2 Dec. 2024: XRP, NESARA-GESARA, QFS 3.0, and the National Quantum Initiative Act: The Financial Revolution Uncovered! [MUST WATCH] – amg-news.com – American Media Group

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Tues. 3 Dec. 2024 GEOPOLITICAL UPDATE: THE CALM BEFORE THE STORM …Gitmo TV on Telegram

A Financial Collapse Like No Other: A global financial crisis is expected to unfold between Tuesday and Wednesday, 17-18 Dec. The old system is crumbling under the weight of its own corruption, and a new system is poised to rise from the ashes.

BRICS: THE CATALYST FOR THE NEW WORLD ORDER: On Thursday, December 7, the BRICS nations unveiled their long-awaited global currency reset—a move that is already sending shockwaves through the global financial system. The old dollar-dominated system is collapsing, and the BRICS alliance is leading the charge to redefine the rules of international trade and power.

MONEY IS MOVING—BUT THEY DON’T WANT YOU TO KNOW

Top-Level Payments Initiated: Bondholders at Tiers 1 and 2 have already received their funds.

Secrecy Shrouds the Process: Non-Disclosure Agreements (NDAs) have been enforced to prevent the public from realizing what’s happening. The elites don’t want you to know that their grip on the financial system is slipping.

It’s Almost Your Turn: Tiers 3 and 4a/b (including the Internet Group) are expected to receive notifications to schedule redemption appointments at any moment. Your time is coming. Stay ready.

Brace yourselves. The revolution is here. The time for action is now. Stand strong, stay vigilant, and be prepared—because the world as we know it is about to change forever.

Hold the line. The light is breaking through.

Read full post here:  https://dinarchronicles.com/2024/12/04/restored-republic-via-a-gcr-update-as-of-december-4-2024/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  Article - The private Iraqi banks association met...They've made a decision to stay focused on using electronic payments for even the gas stations.  One of the things that's going to take care of is extracting small category notes off the street...It's working, citizens are opening accounts...

Frank26  Question: "In the past you said if the dinar comes out at $3.22 you'll dump all your dinar in one shot.  Do you still believe that?"  Yeah, because look at my age...This December 20th I'll be 69.  At my age, if it comes out at $3 something, shoot I'm going to exchange all of it because at my age I don't want to wait another year or two to watch it go up.  Why should I gamble for it to go into the four, five or whatever range.  I'm happy with three something.  I'm ecstatic with $3 something because I make money with money.  I don't 'use' money.  If you don't understand that statement then you might be in trouble with your stewardship...

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Why "$9000 Gold Is An ABSURDLY LOW PRICE" - Mike Maloney LIVE at Limitless

Mike Maloney:  12-3-2024

Mike Maloney, bestselling author and expert on precious metals, reveals why he believes that $9,000 per ounce of gold may be an "absurdly low" prediction in the face of unprecedented financial instability.

In this riveting presentation from Limitless, Mike dives into the alarming "hyper bubbles" forming in today's markets, predicting a crash that could dwarf 2008’s financial meltdown.

With political unrest, economic crashes, and even the risk of war looming, Mike explains how savvy investors can protect, profit, and prosper during the chaos.

Don’t miss this eye-opening session, packed with historical insights and essential strategies for thriving in turbulent times.

https://www.youtube.com/watch?v=MtdKlufo3C8

“Tidbits From TNT” Wednesday Morning 12-4-2024

TNT:

Tishwash:  Al-Sudani in Parliament.. The economic file is on the agenda and the numbers "highlight" the reality

Prime Minister Mohammed Shia al-Sudani will be a guest of Parliament today, Wednesday, at his request, for the first time in two years, as he will be under the dome of Parliament for only the second time as Prime Minister after the first time his government won confidence in October 2022, and while this hosting comes at the request of al-Sudani specifically, this means that he has a lot to show before the House of Representatives.

Although the talk about the situation in Syria and security in the region is the most prominent, as official statements say, the statements also indicated that the talk will include the economy, services, and the Sudanese government program.

It is well known that the space of "political bidding" in Iraq, especially in the past few years, is very profitable in the fields of economy and services, because it shows the political forces keen on the interests of citizens and some groups, so it is very expected that the parliament will witness talk and discussion about economic and service issues related to Al-Sudani's government.

Contrary to the sustainable crisis, non-oil revenues compete with oil revenues

When talking about the economy during Al-Sudani’s era, it witnessed many fundamental changes. In fact, some economic indicators were a “permanent blot” on the face of the Iraqi economy for 20 years, specifically non-oil revenues and the percentage they constitute of total revenues.

During the current year and until last September, non-oil revenues constituted 11% of total revenues and amounted to more than 12.4 trillion dinars, while oil revenues constituted 89%.

This percentage is absolutely unprecedented in the past years, when non-oil revenues did not exceed 5% of total revenues at best. In 2023, the percentage of non-oil revenues reached 7%, and in 2022 it reached 5%.

The second most persistent crisis is shaking up... Flared gas is declining

As for the flared gas, which is also one of the biggest economic crises in Iraq, the government has achieved an increase in the percentage of gas invested and stopped the flared gas.

Previously, Iraq was producing 2,700 cubic meters of associated gas per day, investing 1,500 cubic meters of it, and burning 1,200 cubic meters per day. Now, Iraq produces 3,000 cubic meters of gas per day, investing more than 2,000 cubic meters of it per day, and burning only 1,000 cubic meters, which means that the gas investment rate is 66%, while the burned rate is 34%, while in previous years the invested gas rate was between 50 and 55%, and the burned rate was between 50 and 45%.

Iraq exports derivatives, not imports them

In addition, the issue of exporting crude oil and returning to importing fuel and derivatives is one of the most problematic issues that were considered “shameful” for Iraq, as the second largest oil producer in OPEC imports oil derivatives, as Iraq used to import derivatives worth more than $3 billion annually.

Iraq was importing about 15 million liters of gasoline per day, 10 liters of kerosene per day, and about two million liters of kerosene per day.

But within less than two years, Iraq's import of kerosene and kerosene has stopped completely, and Iraq has even started exporting kerosene, while gasoline imports have decreased by about 70% from 15 to only 5 million, and it is hoped that gasoline imports will stop completely starting next year, with the completion of the opening of isomerization units in ongoing projects in some Iraqi refineries.

Years of debts... reduced by half in two years

One of the indicators that also worried Iraq was the debt file, but despite the fact that current and mandatory operating expenses increased significantly during the past two years to reach about 120 trillion dinars annually, and recording an actual deficit rate, the government balanced the borrowing story, so that external debts decreased by half within two years.

While external debt was about $20 billion in 2022, it decreased to about $16 billion in 2023, and recently decreased in 2024 to less than $9 billion.

Unemployment and employment crisis

 The government has also taken pivotal steps regarding the unemployment crisis and the dual pressure on government employment. The legislation of the Social Security and Workers’ Retirement Law is one of the most important factors in the balance between the public and private sectors. From only 19,000 insured workers, the number of workers registered in Social Security and Workers’ Retirement has reached about half a million workers so far.

The measures related to employment and facilitating project support caused poverty rates to drop from 23% to 17.6%, and the unemployment rate dropped from 16.5% to 14.4%, according to the latest survey conducted by the Ministry of Planning, which lasted from mid-2023 to mid-2024. link

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Tishwah: Iraq's financial revenues exceed 114 trillion dinars in 9 months

The Federal Ministry of Finance revealed, on Wednesday, that the size of Iraqi revenues in the general budget during 9 months of the current year 2024 exceeded 114 trillion dinars, indicating that non-oil revenues amounted to 11%.

Shafaq News Agency followed up on the data and tables issued by the Ministry of Finance in December, for the accounts of January, February, March, April, May, June, July, August and September of the current fiscal year, which showed that oil is still the main resource for Iraq's general budget, reaching 89%, indicating that the rentier economy is the basis of the country's general budget.

The financial tables indicated that the total revenues for the nine months of the current year amounted to 114 trillion, 349 billion, 735 million, 335 thousand, and 311 dinars, indicating that the total advances amounted to 15 trillion, 796 billion, 51 million, 63 thousand, and 162 dinars.

According to the financial tables, oil revenues amounted to 101 trillion, 944 billion, 446 million, and 923 thousand dinars, which constitutes 89% of the general budget, while non-oil revenues amounted to 12 trillion, 405 billion, 292 million, and 412 thousand dinars, which constitutes 11% of Iraq’s general budget.

For his part, economic expert Mohammed Al-Hasani told Shafaq News Agency, "The defect of the Iraqi economy is that it is rentier and depends mainly on oil, and that Iraq has not activated the customs tariff that contributes to raising financial revenues properly."

He added that "attempts to support the agriculture, industry and tourism sectors in order to be a second tributary to oil were timid, and each sector did not contribute more than 4% of the gross domestic product," calling for "activating a number of laws that encourage the local and foreign private sector to enter the Iraqi market, including customs tariff laws, consumer protection and anti-monopoly laws."

In March 2021, the Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, confirmed to Shafaq News Agency that the reasons for the economy remaining rentier are due to the wars and the imposition of an economic blockade on Iraq during the past era, and the political conflicts we are witnessing today, which led to the dispersion of economic resources.

The continued reliance of the Iraqi state on oil as the sole source of the general budget puts Iraq at risk from global crises that occur from time to time due to the impact of oil on them, which makes the country turn every time to cover the deficit through borrowing from abroad or domestically, and thus indicates the inability to manage the state’s funds effectively, and the inability to find alternative financing solutions.  link

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Tishwah:  On the occasion of World Banking Day.. A call for a comprehensive review of the work of banks in Iraq

The Federal Ministry of Finance revealed, on Wednesday, that the size of Iraqi revenues in the general budget during 9 months of the current year 2024 exceeded 114 trillion dinars, indicating that non-oil revenues amounted to 11%.

Shafaq News Agency followed up on the data and tables issued by the Ministry of Finance in December, for the accounts of January, February, March, April, May, June, July, August and September of the current fiscal year, which showed that oil is still the main resource for Iraq's general budget, reaching 89%, indicating that the rentier economy is the basis of the country's general budget.

The financial tables indicated that the total revenues for the nine months of the current year amounted to 114 trillion, 349 billion, 735 million, 335 thousand, and 311 dinars, indicating that the total advances amounted to 15 trillion, 796 billion, 51 million, 63 thousand, and 162 dinars.

According to the financial tables, oil revenues amounted to 101 trillion, 944 billion, 446 million, and 923 thousand dinars, which constitutes 89% of the general budget, while non-oil revenues amounted to 12 trillion, 405 billion, 292 million, and 412 thousand dinars, which constitutes 11% of Iraq’s general budget.

For his part, economic expert Mohammed Al-Hasani told Shafaq News Agency, "The defect of the Iraqi economy is that it is rentier and depends mainly on oil, and that Iraq has not activated the customs tariff that contributes to raising financial revenues properly."

He added that "attempts to support the agriculture, industry and tourism sectors in order to be a second tributary to oil were timid, and each sector did not contribute more than 4% of the gross domestic product," calling for "activating a number of laws that encourage the local and foreign private sector to enter the Iraqi market, including customs tariff laws, consumer protection and anti-monopoly laws."

In March 2021, the Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, confirmed to Shafaq News Agency that the reasons for the economy remaining rentier are due to the wars and the imposition of an economic blockade on Iraq during the past era, and the political conflicts we are witnessing today, which led to the dispersion of economic resources.

The continued reliance of the Iraqi state on oil as the sole source of the general budget puts Iraq at risk from global crises that occur from time to time due to the impact of oil on them, which makes the country turn every time to cover the deficit through borrowing from abroad or domestically, and thus indicates the inability to manage the state’s funds effectively, and the inability to find alternative financing solutions.  link

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Mot: .. ooooh lordy!! --- the Kids these daze!!! 

Mot:  .. Siigggghhhhhh - Maybe Next Year!!!! 

Seeds of Wisdom RV and Economic Updates Tuesday Evening 12-03-24

Good Evening Dinar Recaps,

TRUMP TAPS PAUL ATKINS FOR NEXT SEC CHAIR, MAKING GOOD ON HIS CRYPTO PROMISES

Atkins has been vocal in his support of the industry and was the first libertarian to serve as an SEC commissioner under President George W. Bush.

President-elect Donald Trump has selected the pro-crypto Paul Atkins to chair the Securities and Exchange Commission (SEC), according to three sources familiar with the discussions. 

One source specified that Trump has reached out to Atkins but is waiting on him to accept. By selecting Atkins, Trump is delivering on a promise he made to the crypto community during his campaign.

Spokespeople for Atkins did not respond to immediate requests for comment.

“President-Elect Trump has made brilliant decisions on who will serve in his second Administration at lightning pace,” Trump-Vance Transition Spokeswoman Karoline Leavitt told Unchained. “Remaining decisions will continue to be announced by him when they are made.”

Current Chair Gary Gensler, who announced two weeks ago that he will resign on Jan. 20 when Trump is inaugurated, has made himself a pariah in the crypto industry for pursuing what’s been seen as a policy of regulation by enforcement. 

Atkins will now need to be confirmed by the Senate, unless Trump chooses to pursue a recess appointment while the Senate is out of session.

Atkins served as an SEC commissioner under President George W. Bush and is widely respected in conservative legal circles and amongst the establishment Republican party.

Since leaving the commission he’s become outspokenly supportive of the crypto industry, having co-chaired the Token Alliance at the industry group Digital Chamber of Commerce since 2017.

As founder and chief executive of the consultancy Potomak Global Partners, Atkins has advised digital finance companies on regulatory compliance topics since 2009.

“Senate Republicans really respect the tradition of Commissioner Paul Atkins,” explained George Mason University professor J.W. Verret, who previously served on the SEC Advisory Committee, in a call earlier this month. “He was the first time anyone had been a true libertarian and SEC commissioner, and that was a unique thing.”

The team vetting candidates for the chairperson position reached out to crypto industry leaders two weeks ago asking for their preferences, demonstrating how much Gensler’s unpopularity has figured in Trump’s latest nomination.

Gensler was criticized for not establishing clear rules and guidelines for the crypto industry. 

Under his leadership, the SEC instead pursued a plethora of enforcement actions against crypto companies and protocols, including exchanges, token issuers, and NFT creators, for failing to register with the agency or disclose their work with what the SEC claimed were unregistered securities offerings. 

For his part, Gensler only clarified that he saw Bitcoin as a commodity, insisting that existing securities laws could be applied to other crypto projects, even including ether until the SEC approved spot ether ETFs.

Gensler had also developed a reputation for being difficult to work with. Atkins, by contrast, is known to find a way to retain strong working relationships with people despite ideological disagreements. 

“There was never a commissioner at the history of the commission that was more respectful and thankful of the staff at the commission,” said John Reed Stark, who worked with Atkins at the SEC in 2008.

Seizing upon the industry’s hatred for Gensler, Trump began promising clearer rules for the industry this summer. Framing crypto innovation as a key point of competition between the United States and other countries, Trump promised to make the United States a “world capital” for crypto in part by replacing Gensler. 

He also said that he would appoint an “advisory council” focused on crypto to help him fine-tune policy, and potentially establish a national bitcoin strategic reserve, in part by not selling bitcoin that the government has seized in various financial crimes.

Because of his support for the industry, numerous crypto entrepreneurs donated both cash and crypto to Trump’s campaign. People interested in crypto who prioritized crypto policy in their voting decisions, from industry leaders to retail traders, had also tilted towards favoring Trump in the months leading up to the national election.

@ Newshounds News™

Source:  Unchained Crypto

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FED RATE CUT IN DECEMBER? HERE’S HOW BITCOIN PRICE WILL REACT

▪️The market is anticipating a 0.25% interest rate cut by the US Federal Reserve in December.

▪️A rate cut could boost investor confidence, leading to increased investment in riskier assets like Bitcoin.

▪️The overall economic outlook, especially under a potential Trump presidency, could influence the Fed's decision.

The crypto market is buzzing with anticipation as investors bet that the US Federal Reserve will cut interest rates by 0.25% in December. According to the CME FedWatch tool, the chances of this happening have jumped to 74.5%, up from 66% just a few days ago. What’s driving this growing confidence? If the Fed cuts rates, it would mark the third reduction this year, and it could have major implications for the economy—and for Bitcoin.

What Could a Fed Rate Cut Mean for Crypto?

A rate cut lowers the cost of borrowing for individuals and businesses. When interest rates are lower, loans become cheaper, which can encourage spending and investment. For the stock market and riskier assets like Bitcoin, rate cuts are generally seen as a positive development.

Investors tend to feel more comfortable taking on risks when borrowing costs decrease, making them more likely to invest in assets with higher potential returns, like cryptocurrencies.

Currently, the Federal Reserve’s interest rate is between 4.5% and 4.75%, following two previous cuts this year. Another reduction would signal a more supportive economic environment, which could encourage investors to put their money into riskier assets like Bitcoin.

Experts Weigh In

Marko Papic, Chief Strategist at BCA Research, predicts the US Federal Reserve will cut interest rates in December. He also believes the US dollar may peak by mid-2025, driven by possible economic disappointments under Donald Trump.

At the same time, Federal Reserve officials are hinting at a rate cut. Governor Christopher Waller stated on December 2 that he leans toward supporting a cut, but the decision will depend on upcoming economic data, like inflation and job reports. New York Fed President John Williams has also mentioned that interest rates might be reduced gradually, though he hasn’t specified when this might happen.

Ultimately, the Fed’s decision will depend on the economic performance over the next few weeks.

Could the Rate Cut Fuel Bitcoin?

Bitcoin has already seen impressive growth this year, more than doubling in value. Many analysts are optimistic that Bitcoin could break the $100,000 mark by the end of 2024. With a possible rate cut from the Fed, Bitcoin’s price could continue to rise, benefiting from the increased investor interest in riskier assets.

With Bitcoin on the rise, the stage is set for a thrilling end to 2024, with the Fed’s actions playing a central role.

@ Newshounds News™

Source: Coinpedia 

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CRYPTO EXPERT SHARES TOP BOND INVESTING STRATEGIES | Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Tuesday PM 120302924

KTFA:

Clare:  Prime Minister's Advisor: Budget awaits parliamentary amendments to suit government program

12/3/2024  Baghdad - WAA - Amina Al-Salami, 

the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that the financial situation in the country is currently governed by the Federal General Budget Law, while indicating that the budget is awaiting amendments that suit the government program.

Saleh told the Iraqi News Agency (INA): "The financial situation in the country is currently governed by the Federal General Budget Law No. 13 of 2023 in accordance with the Three-Year Budget Law (2023, 2024 and 2025)."

He added that "the legislation and approval of the federal general budget for the year 2025 has become a foregone conclusion as a law under the three-year budget and has been legally adopted," noting that "the three-year budget law was submitted and legislated for the year 2025 in accordance with the Three-Year Federal General Budget Law, which was issued in the Official Gazette in June 2023, and there is an amendment to the paragraphs related to the region's revenues and expenditures presented to the Council of Representatives to make amendments that suit the government program."   LINK

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Clare:  It does not remain "just attractive".. Iraq wants to invest its money "in projects abroad"

12/2/2024  News-Economy

revealed a member Parliament Iraqi MP Ibtisam Al-Hilali announced today, Monday, Iraqi plans to activate foreign investments, meaning that Iraq By investing his surplus money in projects abroad.

Al-Hilali said in an interview with Sumaria News, "Thanks to the good diplomatic relations that the government of Mohammed Shia al-Sudani has established with neighboring countries and the world, economic relations have also improved," noting that "there are large internal and external investments."

She explained that "domestic investments serve the country by improving the environmental situation and infrastructure," indicating that "foreign investments have a financial and economic return for Iraq."

She stressed that "we had a meeting with the French embassy to activate foreign investments," indicating that "Iraq is a capable country."physically He can invest his money in foreign investments to benefit the public. Iraq and neighboring countries.”

Questions have often been raised about why the investment Iraq His money is invested in various sectors, including external sports sectors as well as technology, similar to other countries, which could lead to a diverse financial return with the lack of non-oil revenues in Iraq Compared to oil revenues.LINK

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  Mr Sammy wants to tell you that the day when we stop the currency auction and deal no more in dollars in these auction but all in payout of dinars, it's either very soon before or right after that of the closing of the auctions we have to see a new rate... FRANK:  You're 100% correct Mr. Sammy.  You know what they're going to do.  They're going to lift the value...Stopping of these auctions will require a new exchange rate...They're going to stop them on December 31, 2024.

Pimpy  Real Effective Exchange Rate - that is not the nominal exchange rate that we see.  The one we watch is called a nominal exchange rate.  We get 1307 dinar for every dollar...What is a Real Effective Exchange Rate (REER)? The weighted average of a county's currency in relation to an index or basket of other major currencies...It's making a comparison of goods sold.  They're trying to see if they are competitive against other countries.  It's not the same thing as a nominal exchange rate...an officially announced rate.  The Central Bank sets the exchange rate if it is fixed.  It doesn't set the exchange rate if it's floating, which is determined by supply and demand...One is dealing with good sold and the other is dealing with the actual exchange of one currency for the other. 

************

Iraq Urgent News for IQD Investors

Edu Matrix:  12-3-2024

URGENT - IRAQ CLOSES BORDERS due to a possible attack from Israel. News for IQD Investors # iqd Rate Here is the channel's statement and intent. Israel is growing impatient with Iraq as militants launch missiles from Iraqi soil every day.

Do the Middle East conflicts date back to biblical times? Why is Iran so upset with Israel? What we know for sure is that Iraq is bracing for a possible attack from Israel.

The IQD Exchange rate is slightly higher than usual for a Monday. The rate has been known to increase on the weekends and return to normal on Monday mornings.

https://www.youtube.com/watch?v=W9Mi5ddKzmE

Expect A Stock Market Correction, (NOT A CRASH), To Hit Soon. This Is Why.

Greg Mannarino:  12-3-2024

https://www.youtube.com/watch?v=kzgqIBm90os

$36 Trillion Debt Crisis and New Trade Wars

$36 Trillion Debt Crisis and New Trade Wars

David Lin:  12-3-2024

In a world where economic indicators are often painted with a broad brush, the recent discussion between Matthew Piepenburg of Von Greyerz AG and David Lin has brought to light the perils that arise from massive national debts and the looming threat of trade wars.

With the U.S. debt surpassing a staggering $36 trillion, experts like Piepenburg are sounding alarms about potential economic collapse and the cascading effects of tariffs on inflation and growth.

The enormity of the U.S. national debt is hard to fathom. With fiscal policies driven by ongoing governmental spending, social programs, and responses to crises such as the Covid-19 pandemic, this figure continues to climb.

Piepenburg highlights that the sheer size of this debt is unsustainable, potentially leading to adverse consequences for the economy. As the government borrows more to cover its obligations, the risk of default—or inflation as a means to reduce the real value of that debt—grows.

An economy burdened by such debt also accumulates risks associated with higher interest rates, which could become necessary to attract investors to buy more government bonds. Higher interest rates would, in turn, increase borrowing costs for businesses and consumers, adversely affecting spending, investment, and overall economic growth.

In conjunction with soaring debt levels, escalating trade tensions further compound these economic challenges. The U.S. administration’s recent imposition of tariffs on various imports is a focal point of Piepenburg’s discussion, evoking fears of a new trade war reminiscent of the one initiated in 2018. Trade wars often result in increased costs for goods, driving up inflation as prices are passed down to consumers.

Economists argue that tariffs can lead to disruptions in supply chains, decrease the efficiency of markets, and stifle global trade, which has historically fueled economic growth. Piepenburg emphasizes that the interplay between rising tariffs and inflation could create a challenging environment, not just for U.S. consumers but for the global economy as well.

Amidst these conflicting headwinds, the outlook for the dollar itself appears uncertain. As the largest economy grapples with historic levels of debt and potential trade conflicts, the strength of the dollar, long seen as a global safe haven, could be tested. Piepenburg articulates concerns about a potential loss of confidence in the currency as inflation rises and purchasing power diminishes.

Should the dollar weaken significantly, it could trigger a series of negative effects—from increased costs of imports to struggles in maintaining financial stability—potentially leading to a scenario where the U.S. economy suffers further contraction.

Piepenburg’s warning of “crazier times” reflects a sentiment that is increasingly echoed among analysts and economists. As monetary policy grapples with inflation management and attempts to stabilize the economy amidst geopolitical uncertainties, markets may see volatility like never before.

Investors are urged to consider hedging their wealth not just against inflation, but also against the destabilizing effects of potential trade wars. Gold and other commodities are often seen as safe-haven assets in uncertain economic climates, with many market participants exploring diversification strategies in anticipation of turbulent times ahead.

As the United States navigates a debt crisis and examines the implications of new trade wars, the questions of inflation, economic growth, and the future of the dollar loom larger than ever. Matthew Piepenburg’s insights into these matters serve as a clarion call for vigilance amid a complex and evolving economic landscape.

As consumers, investors, and policymakers grapple with these issues, the conversation about sustainability, resilience, and structural reform becomes more critical than ever. A cautious approach may be warranted as the global economy stands at a precipice, ready to either soar or stumble in response to the extraordinary challenges ahead.

https://youtu.be/pSe_vdILsXA

Is The US Banking System In Trouble?

Is The US Banking System In Trouble?

December 2, 2024  Notes From the Field By James Hickman (Simon Black)

In the year 1157, the Republic of Venice was engaged in a bitter trade war with its arch rival the Byzantine Empire.

While the rest of Europe was barely surviving thanks to the stupidity of their centrally planned feudal economies, Venice was a place where anyone, even the most illiterate peasant, could work hard, take some risks, and become fabulously wealthy.

In short, it was the medieval America. And unsurprisingly its economy was booming.

Trade was the bread and butter of the Venetian economy. Venice had the fastest ships, the boldest captains, the shrewdest merchants, and by far the best legal and economic system.

In the other corner was the Byzantine Empire, a superpower in decline. Even the emperor at that point was more of a figurehead as nearly everything in the economy was controlled by incompetent career bureaucrats.

Even despite its decline, however, the Byzantine Empire still controlled regional trade in the Black Sea and Eastern Mediterranean. And Venice dominated trade in the Western Mediterranean.

It was only natural that the two-- a rising power versus a declining power-- would lock horns in a trade war.

Bear in mind that medieval trade wars were not what we think of today. In our modern era, a trade “war” is mostly harsh words, barbed tweets, and now potentially tariffs.

A thousand years ago, a trade war was almost an actual war-- naval battles, piracy, wanton slaughter… pretty much standard medieval warfare short of a full-blown ground invasion.

And like any war, a trade war was expensive.

So, in the year 1157, rather than raise taxes, the Venetian government launched a special loan program from its citizens. Participation was pretty much mandatory. But the basic idea was that, unlike taxes, the government would pay back the money, with interest.

Investors were issued paper certificates as a guarantee of repayment. And since nearly everyone in Venice had paper certificates (since the loan was mandatory), merchants and bankers began trading certificates to settle transactions.

The government loan certificates had essentially become a financial security-- and even a form of money. And the world’s first real bond market was born.

These days bonds are considered a boring, ‘safe’ investment. And most individual investors seldom bother to even learn about the bond market, let alone actually buy any bonds.

After all, bonds aren’t nearly as sexy as the stock market.

But bonds are still a critical piece of the global financial system. And just like in medieval Venice, bonds are almost a form of money, i.e. large corporations, banks, and governments consider bonds a “cash equivalent”.

Banks in particular are massive hoarders of bonds. When you make a deposit at your bank, most of the time they use that money to buy bonds.

That’s because, again, bonds are considered safe and boring. Especially US government bonds. And banks are supposed to be safe and boring.

But a serious problem started to creep into this ‘safe and boring’ asset class around ten years ago.

You might recall back during the 2008 financial crisis, central banks around the world printed tons of money and slashed interest rates to zero.

Governments also started spending like crazy in an effort to bail out their economies, and most of them went very deeply into debt.

The US national debt was $9.5 trillion just prior to the 2008 financial crisis. Barely three years later it had risen to $15 trillion.

But because interest rates were so low, most of that $5 trillion in new debt had a yield of roughly 1%.

And it was America’s commercial banks (along with insurance companies) which bought up a huge portion of those 1% yielding bonds.

Well, eventually the economy emerged from its crisis… so the Fed began to hike interest rates. But in doing so they created a huge problem for banks.

If there’s one thing to understand about bonds, it’s this: bond values fall when interest rates rise.

Think about it-- the banks bought trillions of dollars’ worth of bonds during the financial crisis. And their bonds were locked in a ~1% yield.

When rates suddenly rose to 2%, the value of the banks’ 1% bonds obviously fell. After all, why would a bond with a 1% fixed yield be worth the same as a new bond that pays 2%?

So, the new, higher rates caused the banks’ bond portfolios to suffer huge losses. Some banks were even heading towards insolvency. But they used a bunch of clever accounting tricks to hide their losses and pretend that everything was fine.

I first wrote about this nearly ten years ago and predicted that some banks will fail as a result.

Fortunately for the banks, the interest rate hikes were short-lived. By 2019 the Fed reversed course and started cutting rates. Then came the pandemic, and rates once again went to zero.

You’d think the banks would have collectively breathed a sigh of relief, learned from their mistake, and vowed to never load up on low-yield bonds ever again.

Yet the opposite happened. Banks bought trillions of dollars’ worth of US government bonds throughout 2020-2021 with yields as low as 0.01%. Crazy.

Today bond yields have risen to more than 4%... and, SHOCKER, the same effect has taken place: banks’ bond portfolios have suffered enormous losses.

The FDIC recently reported the total ‘unrealized’ bond loss to be over half a trillion dollars. That’s a lot.

The US banking system as a whole has enough equity to cover that loss. But individually, many banks do not.

In fact, this is precisely the reason that Silicon Valley Bank (among others) failed in 2023. So if rates don’t fall dramatically (or worse-- rates go up), then we could see more banks fail.

Bank of America is one of the naughty banks with nearly $90 billion in losses from higher interest rates. That’s over a third of the bank’s total equity.

This means that Bank of America is not insolvent; but at some point, the regulators could force them to reinforce their balance sheet by suspending their dividend and raising more capital. This is likely a big reason why Warren Buffett dumped so much Bank of America stock.

(Bizarrely, since reporting massive bond losses in their most recent quarterly report, Bank of America’s stock price has shot up nearly 20%. The same thing happened with Silicon Valley Bank’s stock in 2023.)

But, again, while there’s currently still enough capital in the US banking system as a whole to fend off a major crisis, there’s a MUCH bigger problem lurking-- and I’ll write to you about this soon.

In the meantime, if you’d rather avoid the mess entirely, definitely consider short-term T-bills in Treasury Direct (it’s like having a four-week CD), or dollar-pegged tokens like USDC.

There’s also the option of a foreign bank account in a financially secure jurisdiction, which includes the added benefit of asset protection and diversification.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

PS-  Banks are marketed as pillars of security, but in reality represent significant risk to your hard earned money.  In the upcoming Monthly Letter for Schiff Sovereign Premium subscribers, we uncover the cracks in the banking system and explain how these challenges are affecting both individual banks and the system at large.

More importantly, we provide actionable strategies to safeguard your wealth—and even grow it—despite these uncertainties.  

https://www.schiffsovereign.com/trends/is-the-us-banking-system-in-trouble-151833/

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 12-03-24

Good Afternoon Dinar Recaps,

COINBASE WILL DROP LAW FIRMS WHO HIRE ANTI-CRYPTO FORMER SEC STAFF — CEO

Coinbase CEO Brian Armstrong said the exchange stopped working with law firm Milbank after it hired former SEC official Gurbir Grewal.

Coinbase CEO Brian Armstrong said the cryptocurrency exchange will not work with law firms that hire individuals involved in what he described as anti-crypto actions during their tenure in government.

On Dec. 3, Armstrong said in an X post that Coinbase will avoid law firms that hire people who tried to “unlawfully kill” an industry without clarifying the rules. He urged the crypto community not to support individuals who had worked against the sector.

Armstrong claimed senior partners at law firms are often unaware of the crypto industry’s position on this issue. He encouraged community members to make their law firms aware that hiring anti-crypto officials could result in losing business.

Coinbase drops Milbank after law firm hires Gurbir Grewal
Armstrong said that Coinbase ended its relationship with Milbank after the law firm hired Gurbir Grewal, the former enforcement director at the United States Securities and Exchange Commission.

On Oct. 2, the SEC announced that Grewal would resign from his position at the agency. The securities regulator said that Grewal had recommended over 100 enforcement actions to address “widespread noncompliance” in the digital asset industry.

On Oct. 15, Milbank said it had onboarded the former SEC official to its litigation and arbitration group. Milbank chairman Scott Edelman praised Grewal’s “record of success” as a federal prosecutor and the SEC’s enforcement head.

Because of this, Armstrong said Coinbase decided to stop working with Milbank. He said:

“If you were senior there, you cannot say you were just following orders. They had the option to leave the SEC and many good people did. It was not a normal SEC tenure.”

Following Donald Trump’s victory in the 2024 US presidential election, members of the crypto community have expressed optimism about a more favorable regulatory environment in the US. This has contributed to bullish momentum in the market, with Bitcoin reaching an all-time high of $99,645 on Nov. 22.

@ Newshounds News™ Source: CoinTelegraph 

~~~~~~~~~

BRICS NEWS:  BRICS COUNTRIES REACT TO TRUMP’S 100% TARIFF THREATS

President-elect Donald Trump threatened BRICS countries with 100% tariff rates if they decide to ditch the US dollar for trade.

 Trump made it clear that de-dollarization or launching a new currency and payment system to bypass the US dollar will be met with a 100% tariff on goods entering the US markets. If the tariff is imposed, BRICS countries will find it hard as their imports and export sectors will be hit.

On the heels of the recent 100% tariff threats by Trump, BRICS countries have reacted to the development. While some members doubt the tariff can be put in place, others remain cautious to not irk the President-elect. The balancing act of diplomacy now comes into the picture and how they navigate the next four years will decide the success of the de-dollarization agenda.

100% Tariffs on Goods Entering the US: BRICS

BRICS member Russia said that Trump’s threats will backfire as the alliance is committed to uprooting the US dollar’s dominance. “More and more countries are switching to the use of national currencies in their trade and foreign economic activities,” said Kremlin spokesman Dmitry Peskov to Reuters.

The spokesperson said that BRICS countries will band together stronger if Trump adds further economic pressure on the alliance. “If the US uses force, as they say, economic force, to compel countries to use the dollar it will further strengthen the trend of switching to national currencies,” said Peskov.

On the other hand, BRICS member India also remains skeptical of Trump’s 100% tariff threats. The think tank GTRI said that imposing tariffs will inadvertently make consumer goods more expensive for US customers. While the export and import sectors will take heat, eventually the sellers will place the tax on the consumer’s shoulders.

@ Newshounds News™ Source:  Watcher Guru

~~~~~~~~~

WANT TO STAY AHEAD IN CRYPTO? WATCH THIS NOW  |  Youtube

The UK Introduces Regulations!

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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The Money Machine: How a Secret Meeting Doomed Financial Freedom

The Money Machine: How a Secret Meeting Doomed Financial Freedom

Awake-In-3D   December 2, 2024

In the hushed stillness of a cold November night in 1910, a clandestine meeting took place on a remote island off the coast of Georgia. Jekyll Island was no ordinary retreat—it was the exclusive playground of America’s wealthiest and most powerful families. But this gathering wasn’t for leisure. Under the cover of darkness, seven men slipped onto the island, carrying with them a secret that would alter the course of history.

Disguised as duck hunters to avoid detection, these men bore no firearms. Instead, they carried documents, drafts, and the blueprint for what would become the most enigmatic institution in the world: the Federal Reserve. What began that night has shaped the destiny of nations, yet most Americans remain oblivious to the true nature of this powerful entity.

This is the story of how the Federal Reserve came to be—and why its origins remain shrouded in secrecy.

The Architects of Control

The men who gathered on Jekyll Island represented the titans of industry and finance. Their identities remained hidden for decades, but investigative efforts eventually revealed their names: Senator Nelson Aldrich, a financial advisor to the Rockefeller family; Paul Warburg, a banker whose family ties extended to Europe’s financial elite; and other representatives of the Morgan, Rothschild, and Kuhn Loeb dynasties.

Officially, they met to discuss banking reform, a necessary step after the financial panics of the late 19th and early 20th centuries. Unofficially, their mission was far more ambitious: to consolidate control over the nation’s money supply. By creating a central bank, they could centralize power and establish a system that ensured their interests would prevail—no matter the cost to the public.

A System Born in Secrecy

When the Federal Reserve Act was passed in 1913, it was celebrated as a triumph of modern economics. Sold to the public as a safeguard against economic instability, the Federal Reserve was touted as a protector of the common good. Few questioned its design or its motives.

But a closer look at its structure reveals an unsettling truth. Despite its name, the Federal Reserve is not a government agency. It is a privately controlled entity with a veneer of public oversight. Its decisions are made behind closed doors, shielded from scrutiny, and its mandate often aligns more with the interests of global financial elites than with those of the average citizen.

The Debt Machine

For over a century, the Federal Reserve has operated as the ultimate engine of debt. When it “creates” money, it does so not by printing currency but by electronically adding to the reserves of commercial banks. This newly created money is loaned out at interest, ensuring that every dollar in circulation is tied to debt.

The implications are staggering. The national debt, now in the trillions, is not an accidental byproduct of poor fiscal policy—it is the intended consequence of a system that thrives on perpetual borrowing. Every year, interest payments siphon billions of taxpayer dollars into the coffers of those who control the system, leaving less for infrastructure, education, or healthcare.

Inflation: The Hidden Tax

Most Americans are unaware that inflation, often dismissed as an unavoidable economic phenomenon, is a deliberate tool wielded by the Federal Reserve. By increasing the money supply, the Federal Reserve devalues the dollar, eroding the purchasing power of ordinary citizens.

For those who control assets—stocks, real estate, and commodities—this devaluation often translates into increased wealth. But for workers, savers, and retirees, it means rising costs, stagnant wages, and diminished savings. The result? A widening chasm between the elite and the everyday citizen.

The Global Web

The influence of the Federal Reserve doesn’t end at America’s borders. Its policies ripple through the global economy, affecting currencies, markets, and governments worldwide. Institutions like the International Monetary Fund and the World Bank, often viewed as benevolent forces, play their part in this global financial system. By offering loans to struggling nations, they impose crippling austerity measures, ensuring these countries remain dependent and indebted.

This is not a coincidence. It is a carefully orchestrated system designed to concentrate power and wealth in the hands of a few, while the rest of the world grapples with economic uncertainty.

The Illusion of Democracy

Every election cycle, Americans are bombarded with promises of economic reform, tax cuts, or spending increases. Yet no matter who sits in the Oval Office or controls Congress, the Federal Reserve operates with impunity. Its policies—quantitative easing, interest rate manipulation, and money creation—proceed without public consent or accountability.

During the 2008 financial crisis, the Federal Reserve bailed out major banks with trillions of dollars, drawn not from its own reserves but from the American taxpayer. Meanwhile, millions lost their homes, jobs, and savings. The system had spoken: the needs of the elite outweighed those of the public.

The Unmasking

For decades, these truths were buried beneath layers of academic jargon, political rhetoric, and public complacency. But in the 1990s, a researcher and writer set out to uncover the Federal Reserve’s dark origins and lay bare its true purpose. He traced the threads of this mystery back to that fateful meeting on Jekyll Island, piecing together the story of how the world’s most powerful financial institution was born in secrecy and deception.

This writer was G. Edward Griffin, and his book, The Creature from Jekyll Island: A Second Look at the Federal Reserve, has become a cornerstone for those seeking to understand the hidden forces shaping our world. Griffin’s work is not just an exposé but a call to action, urging readers to question the systems that govern their lives and demand accountability from those in power.

The creature from Jekyll Island is no myth—it is a reality that continues to shape the economic destiny of billions. And until its secrets are fully exposed, it will remain the greatest mystery of modern finance.

=======================================

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

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News, Rumors and Opinions Tuesday 12-3-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 3 Dec. 2024

Compiled Tues. 3 Dec. 2024 12:01 am EST by Judy Byington

Possible Timing:

Get ready for 10 days of communication darkness. Shutdowns will occur, but only in certain areas. Banks will close, ATMs and credit cards will stop working, and you’ll need at least three weeks of food and water. If you’re unprepared, don’t worry—the military has your back and will supply what you need. Nonstop education will be broadcast, teaching everyone about the true principles of freedom and justice.

~~~~~~~~~~

Global Currency Reset:

Judy Note: There was 0 intel on Monday about the RV.

Mon. 2 Dec. 2024 Iraq: Nothing happened this morning regarding Iraq. They still haven’t paid their citizens salaries. Sale of Iraqi bonds from December moving forward will only be in Dinar. From what I can find, those sales started today. CBI has taken over running the currency auctions. This will do away with the parallel (black) market. These two points suggest that we are on the threshold of Iraq releasing their new rate.

Mon. 2 Dec. 2024: BRICS countries now control over 20% of world’s gold reserves. A recent report from the World Gold Council reveals that the BRICS nations (Brazil, Russia, India, China, and South Africa) collectively hold over 20% of the world’s gold reserves.

Mon. 2 Dec. 2024 DEDOLLARIZATION: The Crushing Blow to the U.S. Dollar

What Putin and China have masterminded is nothing short of a financial revolution aimed at obliterating the global dominance of the U.S. dollar. This isn’t a distant possibility—it’s unfolding right now.

For decades, the elites weaponized the dollar to enslave the world. Using endless sanctions, trade restrictions, and financial manipulation, they forced nations to kneel—or face total economic annihilation.

But the BRICS alliance is dismantling their empire. These nations have flipped the script and unleashed a new, game-changing currency that bypasses the dollar entirely. Every trade deal sealed with this currency is another nail in the coffin of the dollar’s supremacy.

And when the petrodollar collapses—when oil and energy are no longer tied to the greenback—the consequences will be cataclysmic. The U.S. economy, built on illusions and control, will implode. Hyperinflation will ravage America as the dollar’s value plummets. The elites will scramble, but their power will evaporate before your eyes.

This isn’t just an economic shift—it’s a declaration of war against the global elite’s control.

And here’s the kicker: They didn’t see it coming. While they were busy spreading chaos and lies, the world united behind their backs. Now, the tide has turned, and their fortress is crumbling.

Prepare for the collapse. Prepare for the storm. This is the reckoning they thought they could escape, but the truth is, there’s no running from justice. The system they built is about to collapse on itself.

Are you watching? Because this moment will change everything. The age of the dollar is over. The age of freedom is rising. Stay strong, stay awake, and get ready to witness the fall of their empire.

~~~~~~~~~~~~

Mon. 2 Dec. 2024 Insiders Reveal: The U.S. Government Is Preparing for Total Collapse! …G***o TV on Telegram

Behind closed doors, the U.S. government is bracing for the inevitable collapse of the dollar, and they’re hiding the truth from you.

Leaked intelligence reports confirm that top-secret meetings have been held involving senior officials from the Federal Reserve, Treasury Department, and CIA to devise emergency contingency plans. They know the BRICS currency is poised to dismantle the U.S. economy, and they’re scrambling to delay the collapse. But here’s the truth: their efforts are futile.

What these reports expose is truly earth-shattering: the U.S. has already launched covert operations to sabotage the BRICS currency project. Insider sources reveal that multiple cyberattacks have been carried out against BRICS financial infrastructure in a desperate attempt to destabilize the rollout of their revolutionary currency.

Here’s the kicker: Every single one of these attacks was completely neutralized by the Quantum Financial System (QFS). The QFS technology is so advanced and secure that even the U.S. intelligence agencies couldn’t breach it.

This failure has sent shockwaves through Washington’s corridors of power, leaving the elites in panic as they realize they are no longer in control. The collapse they tried to avoid is coming, and the global financial system is shifting out of their hands.

The BRICS nations are rising, the QFS is unstoppable, and the era of American dominance is crumbling before our eyes. The storm is here. Prepare for the endgame!

Read full post here:  https://dinarchronicles.com/2024/12/03/restored-republic-via-a-gcr-update-as-of-december-3-2024/

************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  The world has expectations of Iraq doing things.  Remember the World Bank is the one that said be prepared for shocks.  They have to be careful with that because technically having Iraq open up to the world and adjusting her real effective exchange rate with her true value is going to be reflected at some point in time in the Forex because she's going to be doing international trade.

Clare   Article: "Government Advisor: Number of Bank Accounts in Iraq Increases to More Than 14 Million”  Quote:  "Salih, confirmed today, Saturday, that financial inclusion in Iraq, represented by bank accounts, has risen to 14 million, with 20 million users, while indicating that Iraq is witnessing a boom in adopting e-governance as a basis for integrity and financial efficiency...national indicators confirm that financial inclusion in Iraq has increased from 20% to 48% at present compared to previous years..."

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Banks Are Doing Away With Cash, And People Are Terrified

Atlantis Report:  12-3-2024

The banks you trust with your life savings are on the brink of collapse. Right now, all around us, hundreds of big U.S. banks are falling apart, and your money is at risk.

But there's a solution for those who want to safeguard their finances before the inevitable failure of these institutions. Today we'll explain what's happening to the American banking system and show you how to protect your money before it’s too late.

We’ve all heard the whispers: another bank collapse, another bailout, another financial crisis looming. And with everything happening in the world right now — from inflation, to higher interest rates, to recession — it’s hard not to wonder: is my money safe in the bank?

In the past year alone, we’ve seen many established financial institutions collapsing in the U.S. But what does this mean for you, and how can you take steps to secure your savings before things get worse?

By the end of this video, you’ll understand the depth of this crisis and know how to keep your money safe.

https://www.youtube.com/watch?v=BMnEPpQ8TDk

Seeds of Wisdom RV and Economic Updates Tuesday Morning 12-03-24

Good Morning Dinar Recaps,

HOUSE LAWMAKERS PROPOSE STUDIES ON AI IN FINANCIAL SERVICES, HOUSING

Top lawmakers in the United States introduced a bill that would require federal regulators to conduct studies on how artificial intelligence (AI) impacts the financial services and housing industries.

Congresswoman Maxine Waters introduced a bill directing several federal financial regulators to study the present and potential benefits and risks of AI in the two industries. It was co-sponsored by House Financial Services Committee Chair Patrick McHenry.

The  pair have also supported each other in a resolution acknowledging the increasing use of AI in the finance and housing markets, according to a Dec. 2. statement from the House Financial Services Committee.

Under the Waters-sponsored AI Act of 2024, key regulators like the Federal Reserve and the Federal Deposit Insurance Corporation would have to report how banks implement AI to detect and deter money laundering, cybercrime and fraud.

AI is already impacting mortgage lending and credit scoring, among other things, Waters said, explaining the need for a more comprehensive AI reporting regulatory framework.

AI-powered research is also being used for market surveillance purposes and tenant screening, McHenry’s resolution said.

McHenry added: “These bills are a small, but critical, step forward to empower the financial system to realize the numerous benefits artificial intelligence can offer for consumers, firms, and regulators.”

His resolution suggested the House Financial Services Committee should consider whether to reform privacy laws as data use becomes more AI-driven.

McHenry said he wants the US to remain a leader in AI development and utilization.

Waters and McHenry’s measures build on the House Committee’s Bipartisan AI Working Group, which was established on Jan. 11.

Republican members include French Hill, Young Kim, Mike Flood, Zach Nunn and Erin Houchin, while the Democrat members include Stephen Lynch, Sylvia Garcia, Sean Casten, Ayanna Pressley and Brittany Pettersen.

The group’s formation followed US President Joe Biden’s executive order on Oct. 30 to establish a “Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence.”

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

TRUMP’S SEC CHAIR SELECTION: PREDICTION MARKETS SIGNAL MAJOR REGULATORY CHANGES

These prediction markets show trader speculation, not confirmed plans. Paul Atkins leads in trading as a possible Trump’s SEC chair pick, with markets showing a 70% probability. Any appointment would follow the 2024 election results, but traders expect significant changes in financial market oversight.

How Trump’s SEC Chair Appointment Could Impact Crypto Regulation and Market Oversight

The race for the next possible SEC chair shows clear patterns in prediction markets. Here’s what current trading reveals:

Paul Atkins Emerges as Leading SEC Chair Candidate
Traders strongly back Atkins for Trump’s SEC chair position. His SEC commissioner experience and pro-innovation views match his 70% rating in prediction markets. His selection could bring major changes to crypto regulation approaches.

New SEC Chair Appointment Could Reshape Markets

Paul Atkins Emerges as Leading SEC Chair Candidate
Traders strongly back Atkins for Trump’s SEC chair position. His SEC commissioner experience and pro-innovation views match his 70% rating in prediction markets. His selection could bring major changes to crypto regulation approaches.

New SEC Chair Appointment Could Reshape Markets

Prediction markets suggest big changes if Trump picks a new SEC chair. Current market odds favor:

▪️Paul Atkins: Former SEC commissioner (70% chance)
▪️Brian Brooks: Crypto industry expert (20% chance)
▪️Hester Peirce: Current SEC commissioner (2% chance)

Crypto Regulation 2024 Faces Potential Overhaul
Traders believe crypto regulation in 2024 could change significantly. Markets suggest Atkins as SEC chair might ease current restrictions. His past work shows he supports innovation with reasonable oversight.

Market Trading Shows Strong Confidence
Over $503,418 in trading volume reveals high interest in the SEC chair position. Atkins’ probability has jumped from 25% to 70% since November, though these remain speculative bets.

Regulatory Framework Faces Possible Changes
Markets suggest a new SEC chair might change:

▪️How crypto is overseen
▪️Market rules
▪️Support for new ideas
▪️How rules are enforced

Prediction markets offer insights but can’t guarantee outcomes. Any SEC chair needs proper nomination and approval. Current trading shows what markets expect while acknowledging many factors could affect the final choice.

Trading patterns point to possible regulatory shifts, but all predictions remain speculative. The high trading volume shows strong market interest in potential SEC leadership changes, even as the actual appointment process awaits future developments.

@ Newshounds News™

Source:  Watcher Guru

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What's Driving XLM Price to OVERTAKE XRP - The Economic Ninja  |  Youtube

The Ninja compares XLM and XRP.

@ Newshounds News™

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Tuesday Morning “Tidbits From TNT” 12-3-2024

TNT:

Tishwash:  CBL to print 30 billion dinars in order to withdraw old banknotes

The Central Bank of Libya (CBL) has announced signing contracts to print 30 billion dinars to replace the old currency, saying the old banknotes will be withdrawn "smoothly" at a later-set date. 

This came during a meeting held by the Governor of the Central Bank, Naji Issa, to review the plan of the Central Bank of Libya to solve the problem of cash shortages.

During the meeting, it was agreed to raise the ceilings for immediate payment at the level of individuals and merchants to 20,000 dinars for a single transfer for individuals, and 100,000 for a single purchase transaction.

The Central Bank also revealed in the statement the launching of a new service for transfers between companies with a ceiling of one million dinars for a single transfer.

According to the statement, Issa ordered the directors of the departments concerned with the Central Bank of Libya, the liquidity team, and banks suffering from a liquidity shortage, to manage according to the plan approved by the Board of Directors to solve this problem gradually and radically starting from January 2025.

The Governor also stressed the need to improve and develop the infrastructure of banks in order to achieve the expansion of electronic payment services according to the prepared plan. link

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Tishwash:  Securities Commission: Iraq Stock Exchange Leads Arab Stock Markets

The Securities Commission announced, today, Monday, the rise in the Iraq Stock Exchange index, while indicating that it topped the Arab financial markets in October 2024.

The Authority said in a statement received by the Iraqi News Agency (INA): "The Arab Monetary Fund mentioned in its monthly report for October 2024 the distinguished performance of Arab financial markets, as the Iraq Stock Exchange topped the list of best performing markets during the month, recording a growth of 12.39%, ahead of the rest of the markets in the region."

According to the report, the Damascus Stock Exchange came in second place with a growth of 6.99%, while the Dubai and Amman stock exchanges witnessed an improvement of 1.94% and 1.35%, respectively, while the Muscat, Bahrain and Kuwait stock exchanges recorded slight increases of less than 1%.

According to the statement, the Chairman of the Authority, Faisal Al-Haimus, confirmed that "this distinguished performance of the Iraq Stock Exchange reflects the positive developments in the local economic environment and the regulatory reforms implemented by the Authority to enhance the attractiveness of investment in the Iraqi financial market," noting that "we will continue to work to provide a stable and transparent investment environment that enhances confidence among investors and contributes to supporting the national economy." 
Al-Haimas stressed that "this achievement is an additional incentive to continue efforts aimed at developing the Iraqi financial market and enhancing its role as an engine of economic growth in Iraq."ink

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Tishwsh:  Ways you never thought of.. Judges reveal methods of smuggling hard currency

Several judges and legal experts spoke about the latest methods of smuggling dollars out of the country, pointing out that currency smugglers have developed their means and methods of smuggling money.

They explained in statements covered by (Al-Masry - Monday) that one of the latest methods that have been presented, in practical reality, is smuggling currency through prepaid electronic payment cards, where the accused agrees with ordinary citizens to issue payment cards in their names in exchange for small amounts that he gives them, then he fills the cards, carries them and takes them out of the country through airports and then withdraws the amounts in cash through ATMs in the countries to which he travels.

They continued, currency smugglers collect a large number of Key Cards and Visa Cards after filling them with national currencies and traveling with them outside Iraq.  link

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Tishwash:  Visa Launches Tap to Phone Technology in Iraq

In cooperation with the Moroccan Electronic Monetary Association

 Visa, a global leader in digital payments, has launched  “Tap   to Phone” technology in partnership with the Maghreb Electronic Money Association (S2M) to empower small and medium-sized businesses in Iraq with solutions to accept digital payments at a low cost.

The Maghreb Electronic Money Association’s Mobile Tap solution, which uses Visa’s Tap to Phone technology, enables merchants using Near Field Communication (NFC)-enabled Android devices to accept contactless payments simply by downloading a dedicated app. The collaboration aims to revolutionize the payments landscape by enabling merchants to seamlessly accept payments using their smartphones without the need for additional hardware investment.

“We are delighted to partner with the Maghreb Electronic Money Association to launch Tap to Phone in Iraq. This strategic collaboration is in line with our commitment to enhance financial inclusion for small businesses by providing digital payments capabilities at a lower cost,” said Leila Serhan , Vice Chairman and Regional Head of Corporate Business Leadership for North Africa, Levant and Pakistan at Visa.

This innovative solution enables retail outlets to develop and improve the payment experience for consumers. Service staff at store fronts can support consumers to make payments easily without having to stand in queues at the cashier, which means a better customer experience.”

Mobile Tap provides SMEs with the option to accept digital payments at a lower cost, paving the way for greater participation in the digital economy. This innovative approach eliminates the need for traditional POS terminals and can help facilitate a better consumer experience in payments. The solution provides merchants and customers with greater convenience and flexibility during transactions.

The Mobile Tap service empowerment reflects S2M ’s unwavering commitment to empowering merchants through innovative software and technology, significantly enhancing the commerce experience for all. “This strategic alliance presents a great opportunity to elevate the level of digital payment solutions available and promote financial inclusion across Iraq, ensuring that all consumers and merchants can participate and thrive. Over the past decade, we have witnessed the incredible potential for innovation and growth within the Iraqi market, and we are committed to supporting its dynamic payments ecosystem,” said Mohamed Amarti Rifi, S2M Executive Vice President.

As a network that works for everyone, everywhere, Visa’s mission is to advance digital commerce for the benefit of consumers, businesses and economies across Iraq. This strategic collaboration aligns with Visa’s goal of enabling more payment acceptance points using cutting-edge technologies such as Tap to Phone to support small businesses with digital payments capabilities at a lower cost. link

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Mot:  .. Not Something You See Every Day!!!! 

"Dad gassing up in Eureka Roadhouse, Alaska. Only in Alaska." -- Briana Brumley

Mot:  Losing car in parking lot 

Seeds of Wisdom RV and Economic Updates Monday Evening 12-02-24

Good Evening Dinar Recaps,

BASEL FIGURES: AMERICAN BANKS ENABLED $201 BILLION IN CLIENT CRYPTO EXPOSURES IN 2023

This week the Basel Committee on Banking Supervision published Basel III monitoring statistics for December 2023, including crypto-asset exposures. Given this was before the launch of US Bitcoin ETFs, the data is a little stale. 

However, they already show significant growth in American banks providing crypto services to clients. The statistics repeat the patterns of the previous period.

PIC

In particular, the Americas are almost entirely absent from the crypto custody space, largely because of the SEC’s SAB 121 accounting rule, which makes it prohibitive for banks to provide custody. That’s already relaxing and will likely be dropped altogether by the incoming Trump administration. 

n the second half of 2023, assets under custody in Europe grew by 49% to €5.5 billion ($5.8bn) compared to the first half. At a global level, 94% of custody was for spot crypto rather than tokenized assets or ETPs.

When it comes to enabling client exposures, the roles are completely reversed. The Americas dominate providing 98% of services. The figures are on a different scale, with American banks enabling €190 billion ($201 billion) of client exposures.

American banks also substantially increased their own exposures – by almost four times, albeit from a small base. 2023 year end prudential exposures amounted to €531 million.

While APAC is viewed as a promising growth sector, by the end of 2023 it still lagged far behind. However, the figures depend on which banks are included in the dataset.

Of the four banks reporting in the ‘rest of world’ category, none reported any client crypto exposures. The banks’ own exposures were down 20% to a negligible €261 million with custody at €836 million. A lot of legislative changes have happened this year, so next year’s figures could be more interesting.

The statistics cover a total of 31 banks globally.

@ Newshounds News™

Source:  Ledger Insights

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RIPPLE NEWS : WISDOMTREE SUBMITS XRP ETF S-1 APPLICATION WITH THE US SEC

▪️WisdomTree Files for XRP ETF: WisdomTree Digital submits S-1 filing for an XRP ETF, marking growing institutional interest in Ripple's cryptocurrency.

▪️XRP Demand Surge: XRP's market value rises as institutional investors, including 21Shares and Bitwise, file for XRP ETFs amid U.S. regulatory clarity.

Last week, WisdomTree Digital Commodity Services, LLC, a subsidiary of a prominent New York-based asset management firm with over $113 billion in AUM, filed for an XRP exchange-traded fund (ETF) with Delaware authorities. Earlier today, the investment firm submitted to the Securities and Exchange Commission (SEC) the S-1 filing for the WisdomTree XRP Fund.

According to the SEC filings, the WisdomTree XRP Fund will tap into the Bank of New York Mellon (BNYM) as the trustee, fund accountant, and transfer agent.

However, the prospectus for the WisdomTree XRP Fund did not reveal the ticker that will be listed on the Cboe BZX Exchange, thus indicating several updates of the filings will take place in the near term.

Growing Interest in XRP Among Institutional Investors
As Coinpedia previously reported, the demand for XRP among institutional investors has significantly grown following the anticipated crypto policy implementation in the United States. 

In addition to WisdomTree, several other fund managers have filed to offer a spot XRP ETF to prospective investors to help diversify their crypto portfolios.

For instance, asset management firm 21Shares recently fueled for a spot XRP ETF. Additionally, Bitwise, Grayscale Investments, and Canary Capital have all filed for a similar product.

As a result, it is evident that the demand for XRP among institutional investors is exponentially growing amid regulatory clarity in the United States.

Market Impact
The direct impact of the high demand for XRP among institutional investors is visible on the rising market value. The large-cap altcoin, with a fully diluted valuation of about $240 billion, overtook Solana (SOL) and Binance (BNB) to become the third largest crypto asset, excluding stablecoins.

After more than six years of consolidation, XRP price is well positioned to enter its discovery phase of the macro bull cycle in the coming months.

@ Newshounds News™

Source:  CoinPedia

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THE EASY WAY TO GROW YOUR WEALTH WITH XRP IN JUST 30 DAYS  |  Youtube

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Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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