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Seeds of Wisdom RV and Economic Updates Wednesday Evening 12-11-24
Good Evening Dinar Recaps,
US DEMS CHOOSE LEADERSHIP FOR COMMITTEES CRUCIAL TO CRYPTO POLICY
Republican lawmakers are also expected to choose leadership roles for Senate and House committees soon.
Democratic lawmakers have selected ranking members of key committees going into the 119th United States Congress as the party prepares to be in the minority.
Good Evening Dinar Recaps,
US DEMS CHOOSE LEADERSHIP FOR COMMITTEES CRUCIAL TO CRYPTO POLICY
Republican lawmakers are also expected to choose leadership roles for Senate and House committees soon.
Democratic lawmakers have selected ranking members of key committees going into the 119th United States Congress as the party prepares to be in the minority.
In a Dec. 11 notice, Democrats said California Representative Maxine Waters would continue to serve as the ranking member of the House Financial Services Committee into 2025 as the new Congress is sworn in.
The House committee is responsible for legislation and policies affecting the financial services sector, including the cryptocurrency industry.
North Carolina Representative Patrick McHenry, a Republican, will chair the committee until Jan. 3, when he will leave office. Representative Waters has been acting as the committee’s ranking member — the highest leadership position for a party in the minority — since January 2023, when Republicans took a majority of seats in the House.
With McHenry’s impending departure, a few Republicans are under consideration as the next committee chair, including digital assets subcommittee chair French Hill. Lawmakers in the party are expected to decide on leadership positions in the next seven days.
Republicans will take control of the banking committee
With Democrats also losing their majority control of the Senate in January, the party is restructuring its roles for other committees impacting crypto policy. Massachusetts Senator Elizabeth Warren announced after winning her election against Republican John Deaton that she would be the ranking member of the Senate Banking Committee.
The banking committee provides oversight of the US Securities and Exchange Commission and regulators relevant to the crypto industry. Ohio Senator Sherrod Brown, a vocal digital asset skeptic who lost his reelection bid to Republican Bernie Moreno, will chair the committee until January.
Senator Tim Scott, the current ranking member of the banking committee, is poised to be the next chair. The South Carolina lawmaker said at the Bitcoin 2024 conference in July that he would support pro-crypto legislation as chair if Republicans won a majority in the chamber.
Committee providing oversight of CFTC also changing hands
In the Senate Agriculture Committee, currently chaired by Democratic Senator Debbie Stabenow and Republican John Boozman as the ranking member, there is also expected to be a shakeup in leadership following the results of the 2024 election.
Senator Stabenow announced in 2023 that she intended to retire at the end of her term, leaving the door open for Democratic Senator Amy Klobuchar to potentially replace her as ranking member of the committee starting in January. Boozman is also expected to step up as chair.
The agriculture committee has oversight authority of the Commodity Futures Trading Commission, one of the agencies responsible for regulating aspects of the crypto industry. If the Financial Innovation and Technology for the 21st Century Act is signed into law in the next Congress, the CFTC could have more significant influence over digital assets than the SEC.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
CRYPTO NEWS INDIA: DIGITAL RUPEE TO TRANSFORM PAYMENTS, SAYS OUTGOING RBI GOVERNOR
▪️Outgoing RBI Governor envisions CBDCs replacing paper money for efficient transactions.
▪️Shaktikanta Das calls for careful phased rollout after sufficient research and user data.
▪️Digital rupee expansion targets instant settlements with Asian and Middle Eastern partners.
India is stepping into a new era of finance with the introduction of the digital rupee, a Central Bank Digital Currency (CBDC). Retiring Reserve Bank of India (RBI) Governor Shaktikanta Das recently shared his vision for this groundbreaking currency and how it could reshape the country’s economy.
A Vision for Change
In his farewell speech on December 10, Das spoke about the digital rupee’s potential to revolutionize payments in India. He explained that it could reduce dependence on paper money and make transactions faster and more efficient.
“The RBI, among the central banks, is a pioneer,” Das said, highlighting the institution’s leadership in CBDC development.
India has already taken significant steps toward adopting the digital rupee. The RBI has launched pilot projects, placing India ahead of many countries still in the testing phase. These pilots mark India as a global leader in exploring the possibilities of CBDCs.
Careful and Steady Rollout
Das thinks CBDCs could be very helpful, not only for payments in India but also for transactions between countries. While Das expressed excitement about the digital rupee’s future, he emphasized the need for a slow and steady rollout. He stressed the importance of conducting more research to ensure the currency integrates smoothly into the economy.
Beyond its use in domestic payments, Das also highlighted the digital rupee’s potential for international transactions. He pointed out that India’s payment platform already supports countries like Sri Lanka, Bhutan, and Nepal, laying the groundwork for cross-border CBDC adoption.
New Leadership, New Challenges
As Sanjay Malhotra steps in as the new RBI governor, markets are watching closely to see how he navigates India’s financial challenges. With inflation and economic growth at the forefront, Malhotra’s decisions will play a crucial role in shaping the digital rupee’s future and driving India’s financial transformation.
Under strong leadership and with careful planning, the digital rupee has the potential to revolutionize the way India—and eventually the world—handles payments and transactions.
@ Newshounds News™
Source: Coinpedia
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HIDDEN TRUTH ABOUT LAND DEEDS | YOUTUBE
Mason, Amy, and Lowtide share information about deeds.
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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Danielle DiMartino Booth: The Recession the U.S. Needs is Already Underway
Danielle DiMartino Booth: The Recession the U.S. Needs is Already Underway
Palisdes Gold Radio: 12-11-2024
Tom Bodrovics engages in a discussion with Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, former Fed Insider, and author of the book "Fed Up."
Danielle stresses the importance of monitoring private sector actions, particularly in 2025 due to recent job losses and the significance of shelter inflation's impact on the Federal Reserve. She highlights an upward trend in unemployment rates and potential recession expectations, but does not believe one is necessary.
Danielle DiMartino Booth: The Recession the U.S. Needs is Already Underway
Palisdes Gold Radio: 12-11-2024
Tom Bodrovics engages in a discussion with Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, former Fed Insider, and author of the book "Fed Up."
Danielle stresses the importance of monitoring private sector actions, particularly in 2025 due to recent job losses and the significance of shelter inflation's impact on the Federal Reserve. She highlights an upward trend in unemployment rates and potential recession expectations, but does not believe one is necessary.
The conversation touches upon central bankers' confidence bubble and its implications for the current economic climate.
They also delve into commercial real estate markets and the potential repercussions on banks and markets. Serious concerns in this sector have led to double defaults on commercial mortgage-backed securities, with regulators putting pressure on credit rating agencies not to downgrade them.
Tom also inquires about other financial burdens, such as rising unemployment, falling house prices, and mortgage delinquencies, which contribute to significant household financial pressures.
Canadian banks have announced larger losses but maintain they are contained. Banks attempt to slow charge-offs by modifying loans and extending terms, but this approach has limitations due to the possibility of re-default.
Danielle concludes the conversation by encouraging listeners to maturely face sacrifices and embrace long-term benefits that come with cutting government waste.
Time Stamp References:
0:00 - Introduction
0:44 - The Economy & Stats
2:49 - Unemployment & Layoffs
3:38 - Powell & Trump
4:37 - Revisions & Recession
6:25 - Bankruptcies & Rates
8:13 - C.B. Confidence/Hubris
11:22 - Dollar Strength & Trump
14:57 - Inflation Thoughts
16:47 - Housing Confidence
19:38 - Commercial Real Estate
20:57 - Consumers & Banking
22:37 - Safe Assets & Dividends
24:14 - Buy Now Pay Later
? 26:42 - 2025 and Gov't Spending
27:49 - Wrap Up
Talking Points From This Episode
Danielle emphasizes investors monitor private sector actions amid job losses, shelter inflation, and potential recession concerns.
Concerns center around Central bankers' 'confidence', commercial real estate risks, and household financial pressures.
DiMartino cautions listeners that Trump cuts may require short to medium term sacrifices to gain long-term benefits.
Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 12-11-24
Good Afternoon Dinar Recaps,
ICMA ISSUES DLT BONDS REFERENCE GUIDE
Today the International Capital Market Association (ICMA) published a reference guide for DLT based digital debt, or digital bonds. While it describes it as 50 practical questions, the figure is closer to three times that. Despite that, for those familiar with the topic it’s a quick read and provides an excellent planning and execution guide.
The document is the product of ICMA’s DLT Bonds Working group, which is chaired by Union Investment’s Christoph Hock.
Good Afternoon Dinar Recaps,
ICMA ISSUES DLT BONDS REFERENCE GUIDE
Today the International Capital Market Association (ICMA) published a reference guide for DLT based digital debt, or digital bonds. While it describes it as 50 practical questions, the figure is closer to three times that. Despite that, for those familiar with the topic it’s a quick read and provides an excellent planning and execution guide.
The document is the product of ICMA’s DLT Bonds Working group, which is chaired by Union Investment’s Christoph Hock.
“The token economy, and DLT-based bonds in particular, have become increasingly more relevant in recent months,” said Mr Hock, alluding to the recent Eurosystem wholesale DLT settlement trials in central bank money which helped to ramp up activity.
He continued, “Where currently we see a high degree of fragmentation across the value chain, we look forward to greater collaboration and standardisation, which will play a key role in further building the token universe. With its DLT Bonds Reference Guide, ICMA and all involved parties have made a great step in this direction.”
As an asset manager, Union Investment has been one of the most prolific investors in digital bonds, starting with the European Investment Bank’s (EIB) inaugural bond back in April 2021. The EIB has now issued six digital bonds, including two in November as part of the ECB DLT settlement trials.
The guide is a little biased towards Europe, but that’s where the vast majority of issuances have taken place, particularly in Germany and Switzerland. For Europe, Luxembourg is the legal jurisdiction of choice. There have been hardly any issuances in North America, partly the result of custody issues with the SEC’s SAB 121.
In February Hong Kong issued a multi currency bond of more than $750 million, the largest DLT bond to date. However, Germany’s KfW has issued two larger digital bonds totalling €8 billion on Clearstream’s D7 platform.
Technically, as they used a CSD, under German law the KfW bonds are not ‘crypto’ bonds. That’s despite D7 using Digital Asset’s Canton infrastructure. These sorts of questions are included in the reference guide.
ICMA also collaborated with the Monetary Authority of Singapore on the Guardian Fixed Income Framework published last month.
@ Newshounds News™
Source: Ledger Insights
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'CONSUMERS EXPECT IMMEDIATE AND EFFICIENT TRANSACTIONS': TOKENIZATION GAINS MOMENTUM
▪️Tokenization is merging traditional finance and blockchain, creating new opportunities for financial innovation.
▪️Panelists discuss regulation and future potential.
Integrating real-world assets into blockchain systems opens new possibilities in the digital asset space. At the recent Benzinga Future of Digital Assets event, panelists explored the intersection of traditional finance and blockchain, highlighting how tokenization creates opportunities for financial innovation and accessibility.
Bridging the Old and New
Panelist Robert Leshner, CEO of Superstate, emphasized the potential of tokenization to merge conventional financial markets with blockchain technology. “We're seeing firms like Superstate act as bridges between the two by taking traditional assets, creating a token, and moving them on-chain,” Leshner said. This shift is beginning to blur the lines between digital and traditional financial systems.
Emma Marriott, co-founder of Atomic, also noted the increasing demand for streamlined integration. "Consumers expect immediate and efficient transactions," she said, pointing to Atomic's role in enabling smooth transitions between traditional and digital asset platforms. "We're helping firms expand their offerings to meet these expectations, whether they're moving from crypto to traditional assets or vice versa."
Driving Institutional Interest
Institutional players closely watch these developments, particularly how tokenized assets can enhance portfolio diversification and liquidity. Leshner explained how tokenization allows assets to be used across various decentralized finance (DeFi) protocols. “We're starting to see assets that began entirely within the crypto ecosystem now being joined by tokenized versions of traditional financial instruments," he said.
Charlie Sandor, investment partner at CMT Digital, highlighted the broader implications of tokenization for financial efficiency. “Platforms like Coinbase are facilitating payment networks between off-chain and on-chain systems, demonstrating how these worlds are merging in ways that were unthinkable just a few years ago,” he said.
Regulation and Adoption
Panelists also addressed the regulatory hurdles that continue to shape the adoption of tokenized assets. Leshner acknowledged that while the potential is vast, compliance remains a critical challenge. "We're at an early stage of understanding what open and autonomous financial markets look like," he said, adding that creating frameworks that satisfy both traditional compliance standards and blockchain's decentralized ethos is essential for future growth.
Marriott echoed this sentiment, pointing to the role of regulation in driving consumer trust. "As firms navigate these regulatory challenges, they're building the infrastructure needed to make these systems more accessible and trustworthy for everyday users," she said.
Looking Ahead
The panel concluded by focusing on what lies ahead for tokenization and its role in the financial ecosystem. Leshner predicted a rise in highly controlled and permissioned assets within DeFi platforms. "These systems will evolve to accommodate both traditional and decentralized markets, creating hybrid models that leverage the strengths of both," he said.
With traditional and blockchain-based systems converging, tokenization is poised to transform how assets are managed, traded, and utilized. The panelists agreed that this transformation is just beginning, with 2025 expected to bring significant progress in integrating real-world assets into blockchain ecosystems.
@ Newshounds News™
Source: Benzinga
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MASON DEBUNKED TRUMP'S CRAZIEST CLAIMS AND HERE'S WHAT I FOUND | 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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More News, Rumors and Opinions Wednesday PM 12-11-2024
KTFA:
Clare: Governor of the Central Bank of Iraq receives a delegation from the International Finance Corporation
December 11, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the International Finance Corporation, which included the Director of the Financial Sector of the Corporation in the region, Mr. Yousef Habash, and Mr. Bilal Al-Zughair, the Resident Representative in Iraq, the Financial Investment Officer, and the Head of the Advisory Department.
KTFA:
Clare: Governor of the Central Bank of Iraq receives a delegation from the International Finance Corporation
December 11, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the International Finance Corporation, which included the Director of the Financial Sector of the Corporation in the region, Mr. Yousef Habash, and Mr. Bilal Al-Zughair, the Resident Representative in Iraq, the Financial Investment Officer, and the Head of the Advisory Department.
During the meeting, they discussed strengthening bilateral relations between the Central Bank of Iraq and the International Finance Corporation, the importance of cooperation between local banks and correspondent banks with technical support from the Corporation, and the development of Islamic banks operating in Iraq, in addition to the banking reforms carried out by the Bank in cooperation with the relevant authorities, especially the restructuring of government banks, and the role of international companies operating in this field (Ernst & Young and Oliver Wyman).
His Excellency the Governor discussed the proposal to establish a leasing company with local and foreign contributions, which is one of the financial systems used to provide financing for projects and individuals without the need to directly purchase assets such as machinery and industrial equipment, vehicles, offices, and warehouses. This proposal supports emerging projects and small and medium-sized companies looking for easy and flexible financing.
The meeting discussed the importance of launching Riyada Bank next year, which will support projects with small and medium-sized loans, in line with the government’s vision to support graduates and entrepreneurs and develop labor markets.
Central Bank of Iraq
Media Office
December 11, 2024
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Clare: Governor of the Central Bank of Iraq receives the Czech Ambassador
December 11, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received His Excellency the Czech Ambassador to Iraq, Mr. Jan Schneidov, and the Economic Attaché at the Embassy.
During the meeting, they discussed economic and banking relations and how to enhance them to serve the interests of the two countries, in addition to cooperation in the field of training and building the capabilities of the financial and banking sector within the digital transformation process led by the Central Bank of Iraq with the support and integration of the Iraqi government.
It was agreed to train a team of employees from the Central Bank of Iraq and the Ministry of Finance in the Czech Republic with the support of the Czech Ministry of Finance.
Central Bank of Iraq
Media Office
December 11, 2024
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Please don't trust nobody. Don't let your dinar out of your sight. If they [the bank] tell you, 'We're going to take these dinar and we're going to send them to another institution for them to count them, to make sure they are real.' [Say] give me the address. I'll take it to them. 'No, they don't allow the public to go there.' Okay, bye, bye. I'm going somewhere else to exchange them...
Nader From The Mid East I think between $2.50 and $2.84...I can see the end of the tunnel. I don't know how far is that but I can see it so I'm excited about it...I'm happy for everybody who is going to make money of it, not only for Iraq, I'm happy for everybody...You guys invested in yourself and in Iraq in the same time...
************
Financial advisor Prime Minister of Iraq talk about exchange rate
Nader: 12-11-2024
IMPORTANT UPDATES: Stock Market, Gold, Silver, Crypto, Crude, Economy, MORE.
Greg Mannarino: 12-10-2024
Seeds of Wisdom RV and Economic Updates Wednesday Morning 12-11-24
Good Morning Dinar Recaps,
BRICS NEWS: EXPERT SAYS NATIONS WILL EVENTUALLY DITCH US RESERVES FOR BITCOIN
With the ongoing tension between the BRICS alliance and the United States, one expert has theorized that most nations will eventually end up ditching US dollar reserves for Bitcoin. Indeed, economist Jeremy Siegel recently noted that the leading crypto has emerged as a threat to the greenback’s global standing.
Senior economist at WisdomTree, Siegel, discussed the curiosity of Trump’s continued embrace of Bitcoin. Specifically, he noted that the asset class is far more dangerous to the US dollar’s dominance than gold or any BRICS currency, according to a Benzinga report.
Good Morning Dinar Recaps,
BRICS NEWS: EXPERT SAYS NATIONS WILL EVENTUALLY DITCH US RESERVES FOR BITCOIN
With the ongoing tension between the BRICS alliance and the United States, one expert has theorized that most nations will eventually end up ditching US dollar reserves for Bitcoin. Indeed, economist Jeremy Siegel recently noted that the leading crypto has emerged as a threat to the greenback’s global standing.
Senior economist at WisdomTree, Siegel, discussed the curiosity of Trump’s continued embrace of Bitcoin. Specifically, he noted that the asset class is far more dangerous to the US dollar’s dominance than gold or any BRICS currency, according to a Benzinga report.
Expert Says Bitcoin, Not BRICS, Is Greatest Threat to US Dollar
Since 2022, when Russia invaded Ukraine, the BRICS bloc has been on a mission. Specifically, the collective has sought ways to ditch the US dollar in international trade.
Moreover, it has moved to lessen the global reliance on the Western currency. These decisions appeared made out of necessity. With the West sanctioning Russia, forcing it to rely on allies in the global south.
Yet, those de-dollarization plans have been confronted by President-elect Donald Trump. Moreover, with 100% tariffs planned under the returning president, things have certainly gotten interesting. For one economist, the incoming commander-in-chief’s position appears inconsistent, to say the least.
Indeed, amid the BRICS scuffle, finance expert Jeremy Siegel has said nations will likely eventually ditch the US dollar reserves for Bitcoin. What makes that interesting is that Trump has recently paraded BTC’s all-time increase above the $100,000 mark.
“I found it curious that Trump threatened 100% tariffs for the BRICS nation wanting to implement a new reserve currency, while also championing the rise of Bitcoin’s price surpassing $100,000 and attributing it to his pro-crypto world view,” Siegel said.
“Bitcoin is viewed by many as an alternative global currency similar to what the BRICS are looking to achieve,” he added. “Bitcoin is far more of a threat to replace the dollar in world reserves than anything created by the emerging market economies.”
The asset’s recent surge supports Siegel’s position. Bitcoin has been skyrocketing in value and is projected to reach $200,000 next year. Trump’s pro-BTC position could fuel global accumulation. Therefore, driving even more countries away from the dollar.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
HONG KONG LOOKS TO SPEED UP CRYPTO REGULATION AMID RISING SECTOR DEMANDS
Hong Kong is exploring ways to expedite updates to its crypto regulations in response to the fast-growing global sector.
The fast growth of the crypto sector is pushing Hong Kong to reconsider its regulations, with talks focused on speeding up changes to meet growing industry needs. A proposal raised in the Legislative Council on Dec. 11 highlights the pressure on the government to keep up with the global rise in crypto investments.
In a written response, Acting Secretary for Financial Services and the Treasury, Joseph Chan, admitted that while the virtual assets sector offers financial innovation opportunities, it also presents new “complexities to the financial system.”
He emphasized Hong Kong’s commitment to keep up with international standards, noting that the city “has key influence in the regulation and development of VA.”
However, Chan didn’t go into detail on how or when Hong Kong plans to adjust its crypto regulations to stay competitive.
Moreover, some lawmakers have even raised concerns about the need for a more comprehensive approach. There is speculation that Hong Kong could establish a dedicated department or commissioner to oversee crypto policies, following international trends.
One way or the other, the question of whether cryptocurrencies like Bitcoin should be included in Hong Kong’s fiscal reserves still seems to be open. In the meantime, Chan pointed out that crypto-assets are not currently a target asset for Hong Kong’s Exchange Fund.
“It cannot be ruled out that there may be investments involving crypto-assets during the investment operations of the external managers at different points of time, but the relevant proportion is minimal,” Chan said.
@ Newshounds News™
Source: Crypto News
~~~~~~~~~
BINANCE AND CIRCLE ANNOUNCE STRATEGIC PARTNERSHIP TO ADVANCE GLOBAL CRYPTO ADOPTION
Key partnership between Binance and Circle seeks to accelerate the adoption of USDC and digital assets worldwide.
Binance and Circle Join Forces for Global Crypto Adoption
A new strategic partnership between Binance and Circle Internet Group was launched at the Abu Dhabi Finance Week. The cooperation will increase the use of USD Coin (USDC) and promote the growth of the global digital assets and financial services ecosystem.
This partnership combines a reliable and compliant digital currency with the biggest platform for using digital assets globally, thanks to USDC’s expansion and widespread use.
Through the collaboration, Binance will expand the availability of USDC throughout their whole range of goods and services, guaranteeing that over 240 million Binance users worldwide can easily access and utilize USDC for applications related to trading, saving, and payments. Binance will also use USDC as a key dollar stablecoin for their corporate treasury.
Richard Teng, CEO of Binance shared his thoughts about the partnership.
“Through our strategic partnership, our users will have more opportunities to use USDC on our platform, including more USDC trading pairs, special promotions on USDC across trading, and other products on Binance.
We will also work closely with Circle to drive innovation and utility for stablecoins globally. Working together as a team, we believe we can materially push forward the possibilities for the internet financial system.”
Jeremy Allaire, Chairman and CEO of Circle echoed Teng’s thoughts on the partnership.
“With Binance rapidly becoming the world’s leading financial super app, this is a tremendous opportunity for USDC as it becomes ubiquitous on the Binance platform. I’m thrilled to be working with the Binance leadership team as they continue to build the largest digital asset company in the world.”
This partnership aims to consolidate the role of USDC in digital payments, promising broader adoption and innovation in the crypto space.
@ Newshounds News™
Source: Bitcoin News
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CRYPTO SUCCESS SECRETS NOBODY SHARES | Youtube
Crypto Ledger, Nathan, and Seeds of Wisdom Team, Salty Toes and R Jax, discuss Crypto, Gold, and the direction of the future financial system.
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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Great News If You Own A Company
Great News If You Own A Company
Notes From the Field By James Hickman (Simon Black) December 7, 2024
Right at the beginning of the year in early January, I wrote to you about one of the dumbest laws to hit the books in the Land of the Free in a VERY long time. It’s called the Corporate Transparency Act.
Great News If You Own A Company
Notes From the Field By James Hickman (Simon Black) December 7, 2024
Right at the beginning of the year in early January, I wrote to you about one of the dumbest laws to hit the books in the Land of the Free in a VERY long time. It’s called the Corporate Transparency Act.
The article was called, “Get ready to spend two years in prison,” because, two years in prison is literally the penalty for noncompliance.
You see, the do-gooders in Washington decided that there is too much criminal money laundering taking place in the US banking system. Nevermind that these brainiacs have already passed countless other laws to combat money laundering... all of which seem to be dismal failures.
So they decided to pass yet another anti-money laundering law, which requires every company in America to file a special report to the federal government disclosing the names of its owners.
So if you own a Delaware LLC, for example, to own your family investments, then they wanted you to file this report... even though you ALREADY report the exact same information to the IRS each year.
Well that doesn’t matter. The government wants you to send the same info— but in a different format— to another agency within the Treasury Department. And if you don’t file the report, they threatened everyone with up to two years in prison.
Obviously “ignorance of the law is not an excuse”. They just expect you to keep up with the flood of new laws, plus agency rules, plus court decisions which might modify or nullify all the rules and laws.
Case in point: earlier this week, a VERY sensible federal judge thankfully issued a nationwide injunction on the Corporate Transparency Act, suspending compliance requirements until a final ruling.
This is great news; it means that, at least for now, you do not have to comply with the CTA. But it also illustrates how quickly the laws change. Like literally every single day.
It’s practically a full-time job to keep up with all the changes... and it’s virtually impossible to have a functioning society when the rules are so fluid.
This is the topic of this weekend’s podcast— we hope you enjoy and look forward to speaking with you again next week.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
ABOUT THE AUTHOR James Hickman (aka Simon Black) is an international investor, entrepreneur, and founder of Sovereign Man. His free daily e-letter Notes from the Field is about using the experiences from his life and travels to help you achieve more freedom, make more money, keep more of it, and protect it all from bankrupt governments.
https://www.schiffsovereign.com/trends/podcast-great-news-if-you-own-a-company-151858/
News, Rumors and Opinions Wednesday AM 12-11-2024
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. 11 Dec. 2024
Compiled Wed. 11 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Judy Note: WARNING Scammers are everywhere. It is my understanding that:
(1) If you don’t presently physically hold currency or bonds, you don’t own them. Do not give your bonds or currency to anyone else to redeem. You are the only one who can exchange and redeem them. If you have a problem in doing that, ask the person you talk to when you set your appointment to help work out the problem.
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. 11 Dec. 2024
Compiled Wed. 11 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Judy Note: WARNING Scammers are everywhere. It is my understanding that:
(1) If you don’t presently physically hold currency or bonds, you don’t own them. Do not give your bonds or currency to anyone else to redeem. You are the only one who can exchange and redeem them. If you have a problem in doing that, ask the person you talk to when you set your appointment to help work out the problem.
(2) Do not exchange your currency at a bank. They will not (allegedly) give you the higher rates, nor the Contract Rates that a Redemption Center was authorized to give you.
(3) The Zim can only (allegedly) be redeemed at a Redemption Center, not at a bank.
(4) Some Redemption Centers are located in private banks, but make sure it is a Redemption Center where you do your business.
Fri. 6 Dec. 2024 TNT Intel Summary: Bank meetings today to discuss final aspects of RV. Three Letter Agencies say “IT’S DONE.” US and Canada started paying VIPs on Wed. 4 Dec, Thurs. 5 Dec, and today Fri. 6 Dec. The Iraqi Dinar being paid right now at $3.49 in-country.
Sat. 7 Dec. 2024: Rumor was that Vietnam had revalued their Dong in-country.
Sun. 8 Dec. 2024: Four day Victory Celebration begins in Iraq from Sun. 8 Dec. to Wed. 12th Dec. 2024. …Britt Vibes on Telegram posted by Wolverine
Tues. 10 Dec. 2024 MarkZ: A number of my contacts from Iraq that very much believe we will cross the finish line in the next three days.
Tues. 10 Dec. 2024 TNT: Kurdistan was using the Dinar in-country at a $3.28 rate today.
Tues. 10 Dec. 2024 : A banker and others have contacted me saying Iraq was exchanging the Dinar at a new and higher in-country rate. It is a 24-36 hour window before it reaches Tier4b (us, the Internet Group).
~~~~~~~~~~~~~~
Tues. 10 Dec. 2024 Bruce: (RUMORS)
You can present at your exchange appointment, a list of six people who need Med Bed appointments: name, age, phone number
Information late last night pointed toward us getting notified today, but a person needed to be removed at the Treasury.
The emails for Redemption Centers have not yet gone out, but once they are received Tier 3 and Tier 4a,b (Us, the Internet Group) will be given redemption appointments.
Notifications for Tier4b appointments should happen tomorrow Wed. 11 Dec., with exchange appointments on Thurs. 12 Dec. 2024.
Iraqis were to receive their funding today, but it could have been moved to tomorrow Wed. 11 Dec. 2024.
Bond Holders should receive access to funds on Thurs. 12 Dec. 2024.
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Global Financial Crisis:
A wave of financial collapses in multiple markets is happening across the world. Black Swan or Black Monday? Stocks and crypto have plunged as investors start to panic while a global sell-off deepens. Absolute chaos in Japan as stocks are on track for their biggest decline in more than eight years, following a significant drop last Friday. This is an even larger drop than the Black Monday crash of 1987. South Korea has halted all sell orders as markets crash more than 5%. In the United States, the Magnificent 7 stocks have erased nearly $500 billion overnight. With rumors of World War III and civil war across Europe, the markets are expecting an even deeper crash tomorrow. https://t.me/+pjtzOFcoBb8wZWNk
Read full post here: https://dinarchronicles.com/2024/12/11/restored-republic-via-a-gcr-update-as-of-december-11-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Sudani is waiting for the success of the budget in order to release the new exchange rate. That success will come when the laws are given to him...He wants to give you the budget [with] exchange rate...Nothing is going to stop Sudani anymore. That's the beauty of what I'm seeing right now...All I care about is what Sudani is doing and it is phenomenal.
Militia Man The private sector is here to stay for Iraq. Iraq's population has doubled in the last two decades. There's plenty of youth and now they will have plenty of opportunity with the private sector...They're moving forward and they're not stopping. It's going to be more and more evident as we go because they are going to have to do what they said they were going to do - bring purchasing power to the people...
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BRICS Currency Anger the US, Trump Threaten 100% Tariffs: Is Dollar Falling?
Fastepo: 12-11-2024
$2800, Silver Targets Explosive Highs: Don’t Miss This Year-End Surge! | Chris Vermeulen
Sprott Money: 12-11-2024
December is here, and the precious metals market is heating up!
Craig Hemke and Chris Vermeulen discuss the latest trends in gold and silver, why seasonality could drive a year-end rally, and what to watch as we enter 2024.
Could gold break $2800 and silver surge past $36? Learn why miners are leading the charge and how tax-loss selling could impact the market. Prepare your portfolio with insights from the experts!
“Tidbits From TNT” Wednesday Morning 12-11-2024
TNT:
Tishwash: Kurdistan Region President suffers heart attack
An informed source revealed, today, Tuesday (December 10, 2024), that the President of the Kurdistan Region, Nechirvan Barzani, suffered a mild heart attack while he was in Paris.
The source said in an interview with Baghdad Today, "The President of the Kurdistan Region, Nechirvan Barzani, suffered a mild heart attack while he was in the French capital, Paris."
He added, "He was transferred to the hospital and his health condition is currently stable." link
TNT:
Tishwash: Kurdistan Region President suffers heart attack
An informed source revealed, today, Tuesday (December 10, 2024), that the President of the Kurdistan Region, Nechirvan Barzani, suffered a mild heart attack while he was in Paris.
The source said in an interview with Baghdad Today, "The President of the Kurdistan Region, Nechirvan Barzani, suffered a mild heart attack while he was in the French capital, Paris."
He added, "He was transferred to the hospital and his health condition is currently stable." link
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Tishwash: Al-Sudani: Iraq is a key member of the international coalition
Prime Minister and Commander-in-Chief of the Armed Forces, Mr. Mohammed Shia Al-Sudani, received today, Tuesday, Commander of the US Central Command, General Michael Kurilla, and his accompanying delegation.
The meeting witnessed discussions on cooperation and coordination between Iraq and the international coalition in combating terrorism and confronting extremism. The Prime Minister stressed that Iraq is a key member of this coalition and is committed to cooperating with the international coalition to confront and monitor terrorist groups in a way that preserves security and stability in the region. In return, Mr. Kurilla stressed the commitment of the international coalition to support Iraq in preserving its security and sovereignty against any terrorist threat.
The meeting also included discussions on the latest developments in Syria and the ongoing repercussions in the region, where Mr. Al-Sudani stressed the importance of respecting the free choices of the Syrian people and Iraq's readiness to help the Syrians in these circumstances and the transitional phase.
His Excellency pointed out the necessity of preserving Syria's security, the unity of its territories, the safety of its people, and the ethnic, religious, and social diversity it enjoys, stressing the importance of preventing any attack on any of the components of the Syrian people or its religious sanctities, and that Iraq will follow the course of events and the credibility of actions, not words.
Mr. Al-Sudani reiterated Iraq's commitment to working with Arab and neighboring countries to help the Syrians and consolidate security and stability in the region. link
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Tishwash: UN Mission: Iraq has proven to the world that it is capable of overcoming challenges and building the future
The United Nations Assistance Mission for Iraq (UNAMI) confirmed today, Monday, that Iraq has proven to the world that it is capable of overcoming challenges and creating the future.
The mission stated in a statement issued on the occasion of Victory Day in Iraq, and received by the Iraqi News Agency (INA): "On December 10, Iraq celebrates Victory Day, in commemoration of the liberation of its lands from the control of the terrorist organization ISIS. This day represents an important national milestone in which the country recalls the great sacrifices made by the Iraqis to restore their land and establish security and stability throughout the homeland."
It added, "Victory Day, in addition to being an occasion for heartfelt congratulations, comes to emphasize the need to preserve the gains achieved thanks to the efforts of everyone here in Iraq in addition to their partners from around the world. It also represents a call for everyone to strengthen national unity and joint action for a strong Iraq capable of facing challenges and free from the tensions and conflicts that plague the region."
She continued, "On this occasion, we also appreciate the achievements made since the field victory over terrorism, and we call for continued work to rid Iraq not only of the remnants of ISIS, but also of all forms of extremism and fanaticism. We look forward to an Iraq in which everyone enjoys security, peace, respect for human rights and the rule of law, and to turning the pages of the painful past forever by promoting national reconciliation in a way that ensures the preservation of gains, focusing on what unites the word and unifies the ranks, and avoiding areas of division and division, including controversial topics that do not contribute to strengthening the unity of the fabric of society and the cohesion of its components."
She indicated that "our great hope is that the joy of victory will be complete with the return of all those forcibly displaced due to this conflict to their homes with dignity and safety and when all Iraqi citizens are returned from Al-Hol camp in northeastern Syria and integrated into society."
"In this context, we appreciate the great efforts made by the Iraqi government, with the support of the UNAMI mission and the team of United Nations organizations working in Iraq, in these files in particular," she added, noting that "the United Nations renews on this occasion its full support for Iraq, government and people, in restoring sovereignty and full control over its territories and achieving stability and sustainable development."
The mission concluded its statement by saying, "Iraq has proven to the world that it is capable, with the solidarity of its people, of overcoming challenges and creating a brighter and more prosperous future for all its citizens." link
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Tishwash: Prime Minister returns to Baghdad after short visit to Jordan
Prime Minister Mohammed Shia al-Sudani returned to the capital, Baghdad, today, Wednesday, after a short visit to Jordan.
The Prime Minister's Media Office stated in a statement received by the Iraqi News Agency (INA), "Prime Minister Mohammed Shia al-Sudani returned to the capital, Baghdad, after a short visit to Jordan."
He added, "The Prime Minister met King Abdullah II during the visit."
Baghdad/Al-Masala: Prime Minister Mohammed Shia al-Sudani stressed, on Wednesday, the importance of standing by the brotherly Syrian people, while stressing the need to intensify international efforts to reach an immediate halt to the aggression on Gaza.
Al-Masala publishes the text of the statement:
Prime Minister Mohammed Shia Al-Sudani met today, Wednesday, in the Jordanian capital, Amman, with His Majesty King Abdullah II of the Hashemite Kingdom of Jordan, where they discussed current developments in the region and events in the Syrian arena.
The meeting witnessed emphasis on the importance of enhancing bilateral coordination in order to confront regional and international challenges, and continuing efforts to prevent the expansion of the conflict in the Middle East, and the risk of sliding into chaos.
Mr. Al-Sudani stressed the importance of standing by the brotherly Syrian people in these difficult circumstances, the necessity of respecting the free will of all Syrians, preserving the unity of Syrian territory, the country’s sovereignty, and its ethnic, religious, and social diversity, and supporting the Syrian people’s choices towards building a stable and prosperous Syria that ensures the participation of all its components in managing the country’s affairs, continuing consultations with all parties, and exchanging visions to present effective initiatives that serve common interests and enhance stability in the region.
The two sides also stressed the need to intensify international efforts to reach an immediate halt to the aggression on Gaza, and to double relief and medical aid to reduce the suffering of the people of the Strip, while warning of the danger of continued hostile actions by settlers against the Palestinians in the West Bank, as well as working to make efforts to ensure the consolidation of the ceasefire in Lebanon and guarantee its stability.
The meeting discussed aspects of bilateral relations between the two countries, ways to enhance them, and continue working to build fruitful partnerships in various fields, in the interest of the two brotherly peoples.
Prime Minister's Media Office
December 11, 2024 link
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Mot: .... Splains it Huh
Mot: .. Getting Tough - the More I Season!!!
Seeds of Wisdom RV and Economic Updates Tuesday Evening 12-10-24
Good Evening Dinar Recaps,
RIPPLE (XRP) RECEIVES FINAL APPROVAL FROM NYDFS FOR RLUSD
Ripple Labs (XRP) has officially received final approval from the New York State Department of Finance (NYDFS) for its stablecoin RLUSD.
Ripple’s CEO Brad Garlinghouse made the announcement in a post to X Tuesday afternoon, revealing the latest achievement.
Good Evening Dinar Recaps,
RIPPLE (XRP) RECEIVES FINAL APPROVAL FROM NYDFS FOR RLUSD
Ripple Labs (XRP) has officially received final approval from the New York State Department of Finance (NYDFS) for its stablecoin RLUSD.
Ripple’s CEO Brad Garlinghouse made the announcement in a post to X Tuesday afternoon, revealing the latest achievement.
“This just in…” the announcement reads, “we have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first.” The news means that we may see the arrival of RLUSD as soon as this month.
Following its years-long legal battle with the SEC, Ripple has flourished in the final months of 2024. The company’s native cryptocurrency is now the fifth largest in the world by market cap. Ripple Labs’ decision to launch a stablecoin was also met with optimistic ears earlier this year.
The coin has been ready for some time and could see its door to New York City, one of the finance capitals of the world, open up soon.
Over the past month, Ripple Labs has seen plenty of success, especially with its native cryptocurrency XRP. The asset is up over 200% in the last 30 days. The XRP Ledger has also seen significant success, especially on the world stage.
Last month, the software company made waves in BRICS countries India and Russia. The Russian government has taken a significant step in digital asset regulation, passing a bill recognizing XRP and other cryptocurrencies. The bill also established a clear taxation framework for crypto.
In addition, the Reserve Bank of India (RBI) also announced a collaboration with Ripple Labs for the virtual Rupee initiative.
Ripple RLUSD To Pump XRP Price?
The arrival of RLUSD is also expected to further pump XRP Price. Currently, XRP is trading at $2.255, up 7% in the last hour alone. With Christmas around the corner, the market is also getting into the festive spirit, with investors hoping that the realm would favor their XRP investments more seriously.
Predictions have been raised for the asset over the remainder of the year, with projections touching near $3, contains the assets surge. Should the Ripple stablecoin RLUSD launch in the next week, expect Ripple to see further growth.
Garlinghouse has yet to provide an estimated launch date for the stablecoin. However, the NYDFS’ approval is a great sign. https://watcher.guru/news/ripple-xrp-receives-final-approval-from-nydfs-for-rlusd
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
EU’S MICA CRYPTO RULES: WILL THE DECEMBER DEADLINE DISRUPT STABLECOINS?
Several EU countries are struggling to implement MiCA regulations on time, potentially disrupting the crypto market.
The December deadline for crypto service providers and stablecoin issuers is causing concerns, with industry groups calling for a delay.
MiCA's regulations on stablecoins, especially the volume limits, aim to protect the Euro's dominance and could impact the broader crypto market.
The European Union’s new cryptocurrency regulations, known as MiCA (Markets in Crypto-Assets), are set to take effect by the end of the year.
These rules aim to create a unified framework for crypto operations across Europe. However, many countries are behind in updating their local laws, raising concerns about disruptions—especially for stablecoins.
Nations Falling Behind
Countries like Belgium, Italy, Poland, Portugal, Luxembourg, and Romania haven’t yet adjusted their laws to align with MiCA. This delay puts crypto businesses in these regions at risk of missing the December deadline, which could slow down the rollout of the EU-wide regulations.
In Poland, the proposed legislation is stuck in committee. Portugal is debating how to divide responsibilities between regulators. Belgium is waiting on political decisions, while Ireland’s Central Bank has started processing applications but warns the process will take time. Similarly, Malta, Italy, Cyprus, and Lithuania face delays, with Malta needing to update its crypto laws to meet MiCA’s requirements.
A Unified Vision for Crypto Regulation
MiCA’s goal is to create consistent rules for crypto service providers, such as exchanges, custodians, and wallet operators, across the EU. To continue operating, businesses must secure licenses from their national regulators. However, many regulators are struggling to process these applications in time, creating uncertainty as the deadline approaches.
The implementation is split into two phases.
The first phase began in June and required stablecoin issuers to obtain authorization. The second phase, with a December deadline, focuses on licensing crypto service providers like exchanges and wallet providers.
Industry Calls for More Time
Crypto industry groups are asking for an extension to the December deadline, arguing that the short time frame between the finalization of technical standards in October and the compliance deadline isn’t enough. They propose a six-month extension to help regulators manage the flood of applications and prevent disruptions to crypto businesses.
The European Securities and Markets Authority (ESMA) is set to meet on December 11 to review the situation. While updated guidance may be provided, no official delay has been confirmed. If the deadline remains, some firms may need to pause operations in the EU.
For individual users, the immediate impact is expected to be minimal, but these adjustments are part of the growing pains in the evolving crypto space.
A Big Threat to Stablecoins?
Under MiCA, stablecoins face strict rules designed to limit their volume and prevent them from competing with the Euro. Since many stablecoins are pegged to the USD, these regulations could significantly impact their use in Europe. Starting in December, stablecoin issuers will need e-money licenses from at least one EU country.
While larger players like Circle are already meeting these requirements, smaller issuers may struggle. These changes could set a precedent for stricter rules on other tokens seen as not sufficiently decentralized, signaling more oversight for the crypto industry in the future.
What happens in December might not just affect Europe but could redefine the rules for crypto everywhere.
@ Newshounds News™
Source: Coinpedia
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CHRISTMAS PARTY 12 - 11 - 24 AT 11:11 AM IN YOUR TIME ZONE | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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What Does It Mean To Have A Plan B?
What Does It Mean To Have A Plan B?
Notes From the Field By James Hickman (Simon Black) December 10, 2024
What does it really mean to have a Plan B— especially these days?
We’ve used the term Plan B for almost the entire 15 years since I started this business in 2009.
Back then the national debt was really starting to become a major problem. The Federal Reserve was printing trillions of dollars to bail out irresponsible bankers. The economy was on the ropes after the Global Financial Crisis.
What Does It Mean To Have A Plan B?
Notes From the Field By James Hickman (Simon Black) December 10, 2024
What does it really mean to have a Plan B— especially these days?
We’ve used the term Plan B for almost the entire 15 years since I started this business in 2009.
Back then the national debt was really starting to become a major problem. The Federal Reserve was printing trillions of dollars to bail out irresponsible bankers. The economy was on the ropes after the Global Financial Crisis.
Plus a guy who told business owners, “You didn’t build that,” had just become President of the United States— and then bizarrely awarded the Nobel Peace Prize.
So the need for a “Plan B” seemed pretty obvious.
Today there is a lot more reason to be optimistic. There’s people coming to power that want to take a wrecking ball to the rot, corruption, and inefficiency that has been plaguing the country for far too long.
Frankly, I’m rooting for them. I’m even willing to pitch in and help. To be frank, I’m not comfortable with a world where China is the dominant superpower.
And there certainly seems to be a real opportunity right now to get the country back on track.
Let’s not be naive though. There are still serious challenges ahead. And the people coming to power have a very narrow window to get things back on track.
But we haven’t had this much reason to be optimistic in quite a while.
This isn’t just about an election or single individual, but rather a clear sign from the entire country, sick and tired of being lectured by out of touch “experts.”
Voters practically demanded a return to sanity and prosperity, even if it means dismantling large chunks of a broken system.
In today’s podcast, we talk about what it really means to have a Plan B in this kind of environment, where there’s reason to be optimistic, yet major challenges remain.
This, after all, is the entire point of a Plan B; to put yourself in a position of strength, and take advantage of great opportunities, while hedging clear and obvious risks.
We talk about that a lot in today’s episode.
We actually start with our CEO Viktorija, fresh off of a Total Access trip to El Salvador, telling us about the VIP treatment our group received from senior levels in both the public and private sector.
Then we transition into things that America needs to get right in short order. And the consequences if this doesn’t happen.
We then discuss the concept of a Plan B, versus having a dangerous “bunker mentality”, and how to think about hedging those risks, both in terms of investments, as well as non-financial solutions.
One of the key ideas is taking steps that make sense, regardless of what might or might not happen int he future. And one example of this is building strong relationships with people who share your values. That’s the whole idea of what “community” is supposed to be.
And this is exactly the type of community that we have developed with our Total Access group.
There are incredible VIP trips, exclusive investment conferences, compelling private investment opportunities, in-depth research, world class discounts, and a whole lot more.
But ultimately, the thing we are most proud of is the community and camaraderie among members.
That is consistently what our Total Access members rate as the biggest benefit to our organization. Many say they have found their tribe.
We usually keep membership closed, and only open up enrollment a few times each year.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
We are doing that right now, and you can check out more about Total Access here.
More News, Rumors and Opinions Tuesday PM 12-10-2024
KTFA:
Clare: Al-Sudani: Choosing Baghdad as the Arab Tourism Capital 2025 reflects its cultural and civilizational heritage
12/10/2024
Prime Minister Mohammed Shia Al-Sudani congratulated, today, Tuesday, the Arab Tourism Organization’s selection of the beloved capital, Baghdad, the city of civilization, history and culture, to be the Arab Tourism Capital for the year 2025. LINK
KTFA:
Clare: Al-Sudani: Choosing Baghdad as the Arab Tourism Capital 2025 reflects its cultural and civilizational heritage
12/10/2024
Prime Minister Mohammed Shia Al-Sudani congratulated, today, Tuesday, the Arab Tourism Organization’s selection of the beloved capital, Baghdad, the city of civilization, history and culture, to be the Arab Tourism Capital for the year 2025. LINK
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Clare: Baghdad chosen as the Arab Tourism Capital for 2025
12/10/2024
The Iraqi Ministry of Foreign Affairs announced on Tuesday that the Arab Tourism Organization has chosen Baghdad as the capital of Arab tourism for the year 2025.
A statement by the ministry, received by Shafak News Agency, said that this came during the 27th session of the Arab Ministerial Council for Tourism, which was held at the headquarters of the General Secretariat of the League of Arab States in Cairo.
The statement said that Baghdad was chosen for this title in recognition of the city’s fulfillment of the approved criteria for choosing the Arab Tourism Capital, which include tourism management, infrastructure, tourism resources, various tourism activities, environmental conservation, health safety, and tourism security and stability.
The Arab Ministerial Council for Tourism welcomed the decision, while the President of the Arab Tourism Organization, Bandar bin Fahd Al-Fahid, expressed his congratulations to the President of the Republic, Abdul Latif Rashid, the Prime Minister, Mohammed Shia Al-Sudani, and the Iraqi government on this achievement.
Al-Fahid stressed that this choice aims to enhance inter-Arab tourism and highlight the cultural uniqueness of Baghdad.
He explained that the organization, in cooperation with the Iraqi Ministry of Culture, Tourism and Antiquities, will organize a celebration to inaugurate Baghdad as the capital of Arab tourism in early 2025, in addition to a series of tourism events and programs that enhance Iraq's position on the regional and international tourism map.
The statement indicated that this achievement came through joint efforts from the Prime Minister's Office, the Iraqi Ministry of Foreign Affairs through its representation in Cairo, the Ministry of Culture, and other supporting bodies. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr. Sammy says he expects the roll out of the lower notes very soon. The Gazette is now talking about the digital formation world and they're talking about the new and the old currency. It's in the Gazette. The Gazette posted a digital law and this is essential to Iraq to go international outside its borders. This way to make it legal to enter the international world.
Mnt Goat Article: “AL-ALAQ: OUR CRITICAL POSITION IS VERY EXCELLENT”. I was told [by my CBI contact] that thanks to the well-studied and wise financial policies of Prime Minister Mohammed Shia al-Sudani’s government, the country’s monetary position has become very excellent...She confirmed the target for the Project to Delete the Zeros is still set for late December/early 2025...
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LIVE! INSIDERS ARE DUMPING STOCKS. (SHOULD WE EXPECT AN IMMINIMENT STOCK MARKET CRASH?
Greg Mannarino: 12-10-2024
GOLD or SILVER in 2025; Which Should You Be Stacking?
ITM Trading : 12-10-2024
Gold or silver – which one should you own to protect your wealth? While they share similarities, their functions differ significantly. In this video, we’ll dive into the historical roles of gold and silver, the gold-to-silver ratio, and their performance during economic crises. Learn how to make the best choice for your financial future and why holding both metals is key. Plus, discover how central banks are positioning themselves and what you can do to prepare for what’s coming next.
Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 12-10-24
Good Afternoon Dinar Recaps,
USDT IS NOW APPROVED AS ACCEPTED VIRTUAL ASSET IN ABU DHABI
Tether has announced that Abu Dhabi’s Financial Services Regulatory Authority has approved the company’s U.S. dollar-pegged stablecoin as an accepted virtual asset.
According to the announcement on Dec. 10, Tether is now available to authorized individuals and entities regulated within the Abu Dhabi Global Market. FSRA is a market regulator in Abu Dhabi under the Abu Dhabi Global Market. The FSRA is a market regulato r under the ADGM, which operates as a financial-free zone in the United Arab Emirates.
Good Afternoon Dinar Recaps,
USDT IS NOW APPROVED AS ACCEPTED VIRTUAL ASSET IN ABU DHABI
Tether has announced that Abu Dhabi’s Financial Services Regulatory Authority has approved the company’s U.S. dollar-pegged stablecoin as an accepted virtual asset.
According to the announcement on Dec. 10, Tether is now available to authorized individuals and entities regulated within the Abu Dhabi Global Market. FSRA is a market regulator in Abu Dhabi under the Abu Dhabi Global Market. The FSRA is a market regulato r under the ADGM, which operates as a financial-free zone in the United Arab Emirates.
USDT’s approval is part of FSRA’s mandate to regulate virtual asset service providers in the country. VASPs are required to comply with anti-money laundering and combating the financing of terrorism regulations.
In its announcement, Tether stated that the approval enables FSRA-licensed individuals and entities to offer USDT-powered services in the region. The agency pre-approves such services. With this acceptance, users within the ADGM can use USDT on Ethereum, Solana, and Avalanche.
Paolo Ardoino, chief executive officer of Tether, commented:
“This milestone underscores Tether’s commitment to fostering global financial inclusion and innovation. By bringing USD₮ to the forefront of ADGM’s regulated virtual asset framework, we are not only validating the importance of stablecoins as critical tools for modern finance but also opening new doors for collaboration and growth across the Middle East.”
USDT is the world’s largest U.S. dollar-pegged stablecoin, with a market cap of over $138 billion. Its adoption across the payments market and crypto space has allowed it to dominate other stablecoins, contributing to Tether’s record-breaking revenue figures.
Tether also revealed in a report on Dec. 9 that on-chain wallets with USDT exceeded 109 million at the start of the fourth quarter of 2024. Meanwhile, total wallets that have ever received USDT has surpassed 400 million.
Elsewhere, the Middle East and North Africa region has increasingly become a key market.
In May this year, Tether announced its expansion in the UAE via a partnership with web3-focused platform RAK Digital Assets Oasis. The collaboration aimed at promoting adoption of Bitcoin and stablecoins in technology in UAE’s sixth-largest city Ras Al Khaimah.
In August, Tether revealed plans for a dirham-pegged stablecoin.
@ Newshounds News™
Source: Crypto News
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MICROSOFT SHAREHOLDERS REJECT PROPOSAL TO ADD BITCOIN TO RESERVES
Shareholders opposed the motion, pointing to bitcoin’s volatility as a key concern. Microsoft’s history with the world’s largest cryptocurrency has been cautious.
Microsoft shareholders voted to reject a resolution to add Bitcoin to the company’s balance sheet during its annual meeting on Tuesday.
The resolution was proposed by the National Center for Public Policy Research (NCPPR), a pro-free-market think tank based in Washington, D.C. The NCPPR framed the initiative as a corporate responsibility to diversify profits and enhance shareholder value.
As part of the proposal, a pre-recorded video was presented during the meeting. The video opened with the statement, “Microsoft can’t afford to miss the next technology wave, and bitcoin is that wave." The decision to reject the proposal aligns with the board’s recommendation, which emphasized Microsoft’s existing strategy of evaluating a wide range of investable assets, including bitcoin, within it broader investment framework.
The recent arrival of new derivatives trading solutions, including options on the black rock ETF are only likely to strengthen that narrative as is the burgeoning liquidity on those and other venues around the world alongside the relatively newer role of bitcoin as a capital markets activity catalyst as evinced in recent convertible bond issuance by a number of the digital asset industries larger players.
Microsoft’s history with bitcoin has been cautious. The company briefly accepted the cryptocurrency as a payment method in 2014 but suspended the option in 2016, citing low usage and regulatory uncertainties. Today's result aligns with the views of Microsoft co-founder Bill Gates, who has been a vocal critic of cryptocurrencies.
Bitcoin experienced a 3% pullback over the past 24 hours, adding to broader uncertainty in the cryptocurrency market. The global cryptocurrency market cap declined by almost 5% in the same period, now standing at $3.73 trillion, according to CoinGecko data.
Despite Microsoft’s stance, discussions around bitcoin adoption at the corporate level are becoming increasingly common. Cryptocurrency derivatives trader Gordon Grant noted the significance of these debates.
"The fact that we are having conversations about whether one of the world's largest entities could or should maintain a position in bitcoin on its balance sheets as a financial principal says far more about the arrival of bitcoin as a tier one asset, than the actual outcome of the decision," Grant told The Block.
Grant also highlighted the growing interest in bitcoin as a capital markets catalyst, pointing to recent convertible bond issuances by MicroStrategy as evidence of bitcoin’s evolving role in financial markets.
"Utilization of bitcoin as a financial diversifier, as a conveyance for the transfer of monetary value, and as a vector for what MicroStrategy's Michael Saylor has called global digital capital, continues to gain currency," Grant said.
@ Newshounds News™
Source: The Block
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PRESIDENT JEST A NEW STATE? | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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Tim Price: Real Assets are Returning to the Playbook of the 1970s
Tim Price: Real Assets are Returning to the Playbook of the 1970s
Palisades Gold Radio: 12-20-2024
Tom welcomes back Tim Price from Price Value Partners, to discuss the happenings on the other side of the pond. Price shares concerns over Europe's chaos, comparing it unfavorably to the US under Trump, who he sees as reducing 'woke culture' and neo-Marxist economic policies.
He criticizes the media for losing credibility due to untruths and emphasizes the importance of understanding debt economics. Price reflects on his experiences during the exchange rate mechanism crisis and shares skepticism towards state planning, believing it has historically failed.
Tim Price: Real Assets are Returning to the Playbook of the 1970s
Palisades Gold Radio: 12-20-2024
Tom welcomes back Tim Price from Price Value Partners, to discuss the happenings on the other side of the pond. Price shares concerns over Europe's chaos, comparing it unfavorably to the US under Trump, who he sees as reducing 'woke culture' and neo-Marxist economic policies.
He criticizes the media for losing credibility due to untruths and emphasizes the importance of understanding debt economics. Price reflects on his experiences during the exchange rate mechanism crisis and shares skepticism towards state planning, believing it has historically failed.
Tim also covers the potential swing from left to right in politics and corruption issues, with Trump's election seen as a possible catalyst for change.
Additionally, gold or non-fiat money is suggested as an alternative to the corrupted monetary system.
Price calls for individual empowerment and market efficiencies, criticizes central banks, and advocates for real assets and value investing.
He discusses potential implications of Bitcoin reaching new heights and Tether's role in it. Throughout the interview, Tim Price encourages listeners to consider traditional investments like gold and silver, often overlooked despite their attractive valuations compared to the stock market.
Time Stamp References:
0:00 – Introduction
0:39 - State of Europe
2:48 - Trump & Pendulum Swings
7:54 - Trends & Growing Debt
10:17 - Bond Mkt Predictions
15:50 - Endemic Issues
20:23 - Milei & Trump
22:04 - Global Cuts & Change
23:00 - Fixing Corrupt Money
26:55 - The Invisible Hand?
31:34 - 40-Year Rate Regime
37:30 - Too Early & Wrong
44:53 - Silvers Potential
48:04 - Finding Cheap Assets
50:00 - Bitcoin 100k
50:55 - Dollar Strength?
55:42 - Time & Cheap Assets
59:43 - Miners Underperformance
1:02:17 - Contraian-isms
1:03:07 - Wrap Up
Talking Points From This Episode
Europe's chaos contrasted unfavorably to US under Trump, with concerns over 'woke culture' and neo-Marxist economic policies.
Media narratives criticized for losing credibility due to untruths, stressing importance of understanding debt economics in politics.
Skepticism towards state planning historically, individual empowerment, real assets, value investing promoted.