Seeds of Wisdom RV and Economic Updates Friday Afternoon 8-9-24
Good Afternoon Dinar Recaps,
Trump Jr. to Launch Crypto Platform, to “Take on” Banks
PAY ATTENTION TO THIS ONE. THIS ARTICLE IS ANOTHER CONFIRMATION THE DIRECTION OF THE FINANCE WORLD .
"On August 8, Donald Trump Jr. revealed plans for a new DeFi platform aimed at addressing banking access inequality. During a Q&A session on the subscription-based platform Locals, Trump Jr. clarified that this venture is not a memecoin but a comprehensive crypto platform designed to take on traditional banking systems."
“This isn’t about creating a memecoin,” Trump Jr. stated, emphasizing that his initiative represents a broader and more impactful platform. However, he did caution that it will be some time before the project comes to fruition, withholding specific timelines for now.
"He expressed frustration with the current financial system’s exclusivity and its tendency to limit financing opportunities to select individuals. “Decentralized finance is very appealing to me, especially for those of us who have been debanked,” he said.
"Speculation about the new crypto project surged earlier in the week after Trump Jr. tweeted about DeFi, leading many to believe it might involve a new memecoin. On August 7, he posted on X, “We’re about to shake up the crypto world with something HUGE. Decentralized finance is the future — don’t get left behind.”
"Trump Jr. also warned against fraudulent tokens claiming affiliation with the Trump name, stating, “I love the crypto community’s enthusiasm for Trump, but beware of fake tokens. The only official project will be announced by us directly, and it will be fair for everyone.”
@ Newshounds News™
Source: CryptoTimes
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RIPPLE´S STUART ALDEROTY MENTIONS THE PHRASE "HITTING THE #RESET BUTTON" FOUR TIMES IN HIS INTERVIEW WITH CNBC
CLICK ON THE LINK TO HEAR THE 1 MINUTE INTERVIEW
1) "[...] FINALLY, THIS ADMINISTRATION WILL TURN THE PAGE ON THEIR WAR ON CRYPTO AND HIT THE RESET BUTTON."
2) "[...] AND THIS ADMINISTRATION TRULY IS SERIOUS ABOUT HITTING THE RESET BUTTON ON THEIR WAR ON CRYPTO, THERE SHOULD BE NO APPEAL."
3) "WHAT WE NEED AS A COUNTRY IS TO HIT THE RESET BUTTON [...] AND CREATING CLEAR LAWS."
4) "THE COMBINATION OF OUR LITIGATION OUTCOME, THE COMBINATION OF THE ELECTION SEASON WE´RE IN, WE CAN REALLY SEE A RESET BUTTON HERE"
@ Newshounds News™
Read more: X formerly Twitter
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Speaking of RESET
Here is the New US Debt Clock image from yesterday
AND NEW BOXES WERE ADDED TO THE DEBT CLOCK YESTERDAY
@ Newshounds News™
Source: US Debt Clock
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RIPPLE RIPPLE RIPPLE
"Testing, testing…RLUSD! We’re excited to share that Ripple USD (RLUSD) is now in private beta on XRP Ledger and Ethereum mainnet. RLUSD has not yet received regulatory approval and therefore is not available for purchase or trading – please be cautious of scammers who claim they have or can distribute Ripple USD"
"RLUSD will be valued 1:1 to the US dollar (USD) and 100% backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. These reserve assets will be audited by a third-party accounting firm, and Ripple will publish monthly attestations."
"This is a significant milestone and a step closer to bringing more high-quality assets to the XRP Ledger, driving new opportunities, liquidity, and institutional use cases for users, developers, and applications."
@ Newshounds News™
Source: X formerly Twitter
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BRICS Strike Back: Russia and India Team Up to Challenge Dollar Dominance
The trend of de-dollarization continues to gain traction despite many analysts saying the threat is overblown as India and Russia have announced a new partnership that will see their respective payment systems – India’s RuPay and Russia’s MIR – integrated to allow for seamless cross-border transactions without the need for U.S. dollars.
The partnership announcement follows the recent visit by India’s Prime Minister Narendra Modi to Moscow, during which the two countries forged new alliances and trade agreements. At the meeting, India confirmed its commitment to open trade with Russia, a key BRICS counterpart, and will facilitate trade using the RuPay and MIR payment systems.
As part of their agreement, Russian President Vladimir Putin and Modi reportedly set a goal to achieve $100 billion in trade turnover between Russia and India by 2030.
As part of their agreement, Russian President Vladimir Putin and Modi reportedly set a goal to achieve $100 billion in trade turnover between Russia and India by 2030.
@ Newshounds News™
Source: InfoBrics
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