Seeds of Wisdom RV and Economic Updates Thursday Morning 10-3-24

Good Morning Dinar Recaps,

SWIFT SET TO BEGIN LIVE BANK TRIALS OF DIGITAL ASSET TRANSACTIONS IN 2025  

▪️Swift said banks will begin live trials of digital asset and currency transactions over its network next year.

▪️It marks the first time Swift will move beyond experimenting with blockchain transactions in testing environments to real-world settlement.

Starting next year, Swift said banks in North America, Europe and Asia will begin live trials of digital asset and currency transactions over its global messaging network, which services more than 11,500 financial institutions.

Swift has previously experimented with blockchain transactions in testing environments. However, next year’s trials will pilot an advanced version of its infrastructure capable of orchestrating real-world digital asset and currency transactions across networks for the first time, according to a statement by the firm on Thursday.

The live trials will leverage Swift’s existing global network and interlink various digital and traditional currency platforms, providing a single system for banks to transact across borders with digital and fiat currencies, the firm explained.

The trials are designed to demonstrate how financial institutions can transact interchangeably across both existing and emerging asset and currency types using their current Swift connection. 

“Global financial institutions will have the ability to use Swift’s global platform to conduct pilot transactions for the settlement of digital assets and currencies,” the firm said.

Moving from experimentation to reality
The announcement follows a series of recent experiments by Swift, working with web3 services firm Chainlink as an enterprise abstraction layer to connect its network to the Ethereum Sepolia test network. 

The experiments demonstrated that Swift could provide one single point of access to multiple public and private blockchain networks, which could also support institutions creating tokenized assets and the development of central bank digital currencies — currently being explored by 134 countries.

"For digital assets and currencies to succeed on a global scale, it’s critical that they can seamlessly coexist with traditional forms of money,” Swift Chief Innovation Officer Tom Zschach said. 

“With our vast global reach, we are uniquely positioned to bridge both emerging and established forms of value, and we’re now focused on demonstrating this in real-world, mainstream applications.”

A key aim of the trials is to address the rise of disconnected digital platforms that could hinder the widespread adoption of new forms of value, according to the firm. “While the scale is impressive, without interconnectivity between platforms, global adoption is set to remain fragmented,” Swift said.

“As new forms of value emerge, our intention is to continue offering our community the ability to seamlessly make and track transactions of all kinds of assets — using the same secure and resilient infrastructure that is integral to their operations today," Zschach added.

@ Newshounds News™

Source:  The Block

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RIPPLE’S CEO DROPS TRUTH BOMB ON SEC: WHY THIS LAWSUIT IS A TOTAL JOKE!

Ripple CEO Brad Garlinghouse did not mince words in a recent post about the SEC’s continued pursuit of its lawsuit against Ripple. Garlinghouse expressed deep frustration with the SEC, particularly its Chair Gary Gensler, stating that if the agency were rational, they would have dropped the case long ago. Instead of protecting investors, the SEC has damaged its credibility and reputation.

According to Garlinghouse, Ripple and the broader crypto industry have already secured victory on key issues, including XRP’s status as a non-security.

XRP’s Status is Clear, Despite SEC’s Appeal
Garlinghouse emphasized that XRP’s legal status as a non-security is now well established. Despite the SEC’s decision to appeal, Garlinghouse remains confident, calling the appeal misguided and infuriating.

He pointed out that when the SEC previously attempted an interlocutory appeal, it did not challenge XRP’s non-security status—an important legal milestone that Ripple intends to defend.

Stuart Alderoty Backs Garlinghouse’s Position
Ripple’s Chief Legal Officer Stuart Alderoty echoed Garlinghouse’s views, labeling the SEC’s decision to appeal as both disappointing and unsurprising. Alderoty described the lawsuit as an “embarrassment” for the SEC, emphasizing that the court had already rejected claims that Ripple acted recklessly.

There were no allegations of fraud, nor were there any victims or financial losses in the case, which Alderoty believes further undermines the SEC’s rationale for continuing.

SEC’s Misguided Litigation Strategy
Alderoty also criticized the SEC for what he called “litigation warfare” against the crypto industry, accusing the agency of using the courts to stall progress rather than faithfully applying the law.

Ripple is currently evaluating whether to file a cross-appeal to further challenge the SEC’s position.

Alderoty vowed that Ripple is ready to fight once again in the appellate court, asserting that Ripple is leading the charge for the entire crypto industry.

In a striking coincidence, the SEC’s Enforcement Director, Gurbir Grewal, announced his resignation just an hour before the SEC’s decision to appeal. While Garlinghouse and Alderoty did not explicitly link the two events, the timing suggests potential internal shake-ups within the SEC, further fueling speculation about the agency’s long-term strategy.

Ripple remains committed to defending XRP’s non-security status and pushing back against what they see as a misguided, and ultimately futile, attempt by the SEC to extend the lawsuit. Both Garlinghouse and Alderoty remain resolute that Ripple and the broader crypto industry will continue to prevail.

@ Newshounds News™

Source:  Coinpedia

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🌍AUDIO - Jim ask - So what are you? Animal vegetable or Mineral or Human? or people?  |  Youtube 

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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News, Rumors and Opinions Thursday AM 10-3-2024

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 fro the Restored Republic via a GCR: Update as of Thurs. 3 Oct. 2024

Compiled Thurs. 3 Oct. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Wed. 2 Oct. 2024 Wolverine: “Guys, Iraq still has not floated the dinar yet on Forex. Bond payments are definitely started, or about to start. Hearing all good news regarding Bond Holders, but nothing concrete about the RV.

There are Whales who have flown to Zurich to go to their appointments and receive their blessings. The RV is very complicated as they are dealing with all the currencies of the world and have them all gold backed. The Pentecostal group is about to release the funds to their members that are going to the event this weekend.

They will be given the codes and the PIN number to access their funds. They will be paid first before going to the gala night. I think about 300 people or more are going to the event from various countries around the world. Contracts are starting to get paid.”

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Wed. 2 Oct. 2024 MarkZ: “The Historic Bond contact I was hoping could give me an update said they are now under an NDA. I am confident they got paid something at the table or they would not have signed it. A couple other bond folks told me they did get their final paperwork but the plan is not to pay the until early next week.

So paperwork is final…process is started but they will not get full release of their funds until next week. I wonder if it’s more of an international clearing process to get their spendable funds. In other words, two of my contacts were in a group so funds were given to the paymaster. Then the paymaster has to clear those billions in funds internationally then distribute those funds to all the people in the group. If these billions were moved from Europe to the US- there would be safety checks and balances.

This takes awhile. I very much think and am very confident money has been moving on bonds, just not as quickly as we want it to be moving.”

Wed. 2 Oct. 2024 the US “Gold Standard” has been initiated in foreign trade! https://x.com/maerox/status/1841326606691831910?s=46&t=KbeHKcWo9iYbqqIySY5EJA

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Global Financial Crisis:

Wed. 2 Oct. 2024: BREAKING NEWS: Thousands of Bank of America Customers Locked Out of Accounts Amid Widespread Outages – amg-news.com – American Media Group Bank of America is down: Customers report widespread outage, zero balances shown in accounts.

Wed. 2 Oct. 2024: Global Financial System Implemented: …Ariel on Telegram

Banks on a Leash: No more reckless speculation or shady under-the-table deals. For the first time in modern history, the banking system is being held accountable. Gone are the days when Wall Street fat cats could manipulate your savings for their own gains. The gold-backed system will guarantee your hard-earned wealth is protected by real value, not inflated promises.

Wall Street’s Days of Manipulation Are Over: The financial elites are finally being put in check. No longer will Wall Street have the power to rig markets or siphon wealth from the middle class. The rise of decentralized, asset-backed systems like tokenized gold ensures that real value is driving the market, not fabricated bubbles. You’ll have the power to invest in real assets, knowing the market can no longer be rigged against you.

Ports Flowing With Integrity: The East Coast port strike has opened the door to transparent and equitable supply chains. The days of backroom deals that created shortages and price hikes are over. Goods will now flow through the ports with fair labor practices, ensuring both workers and consumers benefit from a system built on trust and cooperation. You will finally see the true cost of goods reflect the value of fair and honest trade.

A Future For Your Children: The changes happening today will reverberate for centuries. These shifts aren’t just for us—they’re for future generations. Your children and grandchildren will inherit a world where truth, integrity, and fairness form the foundation of society. They’ll grow up in a country where opportunity and justice are the norm, not the exception.

Read full post here:  https://dinarchronicles.com/2024/10/03/restored-republic-via-a-gcr-update-as-of-october-3-2024/

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

Militia Man  They're talking about international.  I can't stress that enough...They're going to need an Article VIII complaint, Article XIV compliant currency with the IMF.  They're going to have to agree to those obligation and that would mean a change of exchange rate to a Real Effective Exchange Rate.  

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:
Special report on deleting the zeros.  They tried to tell us there are good reasons for it and there are bad reasons for it.  They are telling us 54 countries have done this in the past.  They are using that as an example for our monetary reform... FRANK:  Remove the cons and only pay attention to the pros...

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Indonesia Accept China's Offer: BRICS is next?

Fastepo:  10-2-2024

Indonesia’s stature as a burgeoning economic and military heavyweight in Southeast Asia is increasingly capturing international attention.

The nation boasts the largest economy in the region, with a gross domestic product of $1.19 trillion in 2023, ranking 16th globally by nominal GDP. Forecasted to grow at 5% in 2024, Indonesia’s economic vigor is propelled by robust domestic consumption and extensive infrastructure investments.

In the same year, Foreign Direct Investment inflows totaled $47.5 billion, enhancing key industries such as metal goods and telecommunications.

In 2023, the Indonesian military comprised approximately 1.05 million personnel, including 400,000 active-duty members, 400,000 reserves, and 250,000 paramilitaries.

This comprehensive force structure allows Indonesia to maintain a robust defense posture across its extensive archipelago.

https://www.youtube.com/watch?v=PVU2BjVS2dw

Seeds of Wisdom RV and Economic Updates Wednesday Evening 10-2-24

Good Evening Dinar Recaps,

MELD GOLD LAUNCHES GOLD AND SILVER-BACKED STABLECOINS ON XRP LEDGER, LEVERAGING NATIVE FEATURES

▪️The first transaction of tokenized gold and silver was made on the XRP Ledger on September 29 after Ripple and Meld Gold disclosed their collaboration months ago.

▪️According to the original plan, two stablecoins fully backed by gold and silver were supposed to be fully rolled out in the third quarter of the year (Q3 2024).

In June, CNF reported a groundbreaking collaboration between Meld Gold and Ripple that was meant to deliver fungible gold and silver assets on the XRP Ledger (XRPL). On September 29, the first transaction on the mainnet finally went through, with the subsequent rollouts expected this month, October.

🚨 JUST IN: MELD GOLD CONFIRMS TOKENIZED GOLD ON $XRP LEDGER—First transaction went through yesterday and a further rollout will happen through October.” — @meldgold 🙌Meld Gold will release two new stablecoins on XRP Ledger, backed by Gold & Silver.

 Each token will… https://t.co/HmYs3tsVnM pic.twitter.com/wAUgCaXnMM— Good Morning Crypto (@AbsGMCrypto) October 1, 2024

Drawing insight from our previous publication, the collaboration between Meld Gold and Ripple primarily sought to enable greater access, efficiency, and utility to Real-World Assets (RWAs).

The plan was to offer institutional-grade functionality and built-in features to ensure more secure, efficient, and scalable financial services and use cases.

According to our press release review, the original plan was to release two new stablecoins on the XRPL backed by gold and silver. Specifically, each token was reported to represent 1kg of these metals that leading custody providers would hold – MKS Pamp and Imperial Vaults.

 In that report, Meld Gold CEO Michael Cotton disclosed that his team is very well-versed in every component of the supply chain and would contribute massively to the expected RWA revolution.

Our team of industry experts has deep experience in every component of the supply chain, from origination, certification, and logistics, to storage and insurance.

Our passion for disrupting and advancing digital ownership is ideal for the coming RWA revolution. This is the industry, delivering the systems only they could design, to bring the physical world on-chain.

What Meld Gold Seeks to Achieve with XRPL Integration
According to Meld Gold, its offer of the world’s most accepted assets on-chain would certainly redefine the XRPL’s Decentralized Finance (DeFi) ecosystem.

With this, both new and old users would leverage the XRPL’s native features, which include Decentralized Exchange (DEX) and Automated Market Maker (AMM).

Over the years, Meld Gold has closely worked with precious metals in its quest to provide infrastructure for a successful transition of assets on-chain. According to a blog post, with the first transaction reportedly successful, the subsequent months are expected to witness additional upgrades.

This would include the “implementation of patent-pending work on minimized trust systems for connecting physical items to the blockchain.”

Utilizing blockchain technology offers significant advantages, such as immediate global accessibility, simple and secure ownership accountability, and standardized data rails for interoperability and velocity. 

A key component, often overlooked, is how the assets are connected to the blockchain and precisely how they are accounted for. Precious metals, being physical assets, always require trust, but minimizing this to only the required level is crucial.

Recently, Ripple announced that its yet-to-be-launched RLUSD stablecoin on the XRPL has reached an advanced phase, with 99% of its total supply minted. As we reported, 800,000 new tokens have been created after 100,000 tokens were generated several months ago.

@ Newshounds News™

Source:  Crypto News Flash

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RIPPLE UNVEILS SIMPLIFIED VAULT AND LENDING UPDATES ON XRP LEDGER

▪️Ripple simplifies asset management on the XRP Ledger with updates to the Vault and Lending Protocols.

▪️Meld Gold partners with Ripple to introduce tokenized gold and silver assets on the XRP Ledger.

In a tweet, Ripple has announced significant improvements to its Vault and Lending Protocols, paving the way for more efficient and user-friendly operations on the platform. These modifications are part of a larger goal to improve asset management and lending operations in the XRP Ledger (XRPL) ecosystem, which benefits both developers and users.

Streamlined Asset Management and Lending on the XRP Ledger
According to the statement, the XLS-65d Single Asset Vault (SAV) has been significantly redesigned, reducing its structure to increase overall efficiency. The revised design removes two previously required transactions, allowing the Vault to store assets directly.

This update is designed to make asset management faster and more cost-effective for users by eliminating unnecessary processes that previously hindered the process.

Meanwhile, the XLS-66d Lending Protocol has been revised to reflect these Vault modifications. Previously, users had to go through many processes to deposit and redeem assets, but the revised protocol eliminates these extra steps completely.

This streamlined approach greatly minimizes friction for users, resulting in a more seamless lending experience inside the XRPL ecosystem.

One of the primary points mentioned by Ripple is its compliance-first strategy. Both the Vault and Lending Protocol improvements are intended to simplify and integrate Clawback and Freezing requirements.

These modifications ensure that the protocol complies with industry rules while also making it easier for users to traverse the platform. By tackling these regulatory concerns square on, Ripple hopes to boost trust in its ecosystem, particularly among institutional users looking for a compliant blockchain solution.

In addition to Ripple’s recent improvements, the XRP Ledger is evolving through collaboration and innovation. According to a prior CNF report, Meld Gold has teamed with Ripple to launch tokenized assets representing gold and silver on the XRPL.

The initial objective is to introduce two stablecoins backed by these precious metals, which will increase the XRP Ledger’s use cases. This move is a huge step forward in integrating real-world assets to the blockchain, giving consumers a concrete connection to gold and silver while remaining inside the XRPL’s decentralized infrastructure.

On the other hand, as we previously noted, Xaman Wallet version 3.0 has added a revenue-sharing model to help XRPL developers and improve the whole ecosystem.

The most recent upgrade includes several important features, including a threshold-based paradigm, universal transaction signing, and increased developer and user accessibility. These upgrades aim to make the XRPL ecosystem more accessible and developer-friendly, fostering innovation and growth.

Meanwhile, as of writing, XRP is trading at $0.6014, down 3.18% over the last 24 hours. This fall has taken XRP’s market cap back under $35 billion.

@ Newshounds News™

Source:  Crypto News Flash

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EXPLAINED TOKENOMICS - WHAT IS TOKENOMICS AND WHY DOES IT MATTER? | Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts   

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Newshound's Currency Facts Youtube and Rumble

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Follow the Timeline 

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Economist’s “News and Views” Wednesday 10-2-2024

BE CAREFUL! This Is Serious - The Crash Will Be WORSE Than 2008 - Chris Vermeulen

Finance Flow:  10-1-2024

America's slowing job market is weighing heavily on consumer sentiment. The latest survey from the Conference Board reveals that Americans have become significantly more pessimistic about the current state of the U.S. economy and the future of the job market.

Adding to these concerns are exceedingly high debt levels across major global economies, increasing the likelihood of not just one but potentially multiple debt crises ahead. In the U.S., the Congressional Budget Office projects that the debt-to-GDP ratio will surpass 150% by 2034, up from the current 98%, pushing the nation's debt to its highest level in history.

Chris Vermeulen of The Technical Traders, speaking with Liberty and Finance, shares his insights on the current market, suggesting that a significant decline may be on the horizon as the stock market shows signs of topping out.

He points to several warning signals, including worsening economic data, rising unemployment, maxed-out business sales, skyrocketing credit card debt, and increasing mortgage delinquencies in both commercial and residential sectors. Vermeulen believes these are typical indicators of a Stage 3 market environment, where underlying issues begin to worsen before becoming more visible.

 More stocks are joining the S&P 500's recent surge to record highs, easing earlier concerns that the 2024 rally was primarily driven by a few giant tech companies.

The index is on pace to gain 5% in the third quarter, which ends on Monday. This time, however, optimism surrounding the Federal Reserve’s rate cuts is encouraging investors to move into regional banks, industrial companies, and other sectors poised to benefit from a stronger economy and lower interest rates, in addition to the tech stocks that have already seen significant gains this year.

Despite this positive momentum, Chris Vermeulen warns of several concerning signs that suggest the stock market is beginning to break down, even though the indexes continue to perform well. He foresees a potential correction of 30%, 40%, or even 50%, noting that the 2022 pullback of around 25% was just a precursor to what might be coming.

The Federal Reserve began its first rate-cutting cycle in four years earlier this month with a 50-basis point reduction, a move that Chairman Jerome Powell described as a measure to protect a resilient economy. According to LSEG data, traders are giving equal odds for another large rate cut when the Fed meets again in November, and they are forecasting over 190 basis points of cuts by the end of 2025.

 Several sectors of the stock market are benefiting from the expectation of lower rates and stable growth. The S&P 500’s industrial and financial sectors, considered among the most sensitive to economic shifts, have gained 10.6% and nearly 10%, respectively, in the third quarter.

Chris Vermeulen explains that even if the Federal Reserve continues to cut rates, as it did during the 2008 financial crisis, it won't necessarily save the stock market. He notes that during times of panic, investors often rush to sell their portfolios, particularly those trading on margin, which forces brokers to execute sales regardless of rate cuts.

This selling pressure, driven by fear and forced liquidations, can overwhelm any potential positive impact from the Fed's rate cuts.

https://www.youtube.com/watch?v=SWWW8UIaIA0

'I'll Cripple You': Port Workers Strike, Will Inflation Spike? | Brian Belski

David Lin:  10-2-2024

Brian Belski, Chief Investment Strategist of BMO Capital Markets, discusses the port worker strikes, escalating tensions in the Middle East, and where the S&P 500 going to close by year-end.

0:00 - Intro

1:10 - ILA dock strikes

6:24 - Inflation outlook

8:40 - Crude oil

10:49 - Middle East tensions

 13:30 - S&P 500 outlook

18:35 - Stock market valuations

 20:30 - Sector preferences

24:34 - Canadian stock market

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

Chinese Yuan Overtake US Dollar: What's Going On?

Fastepo:  10-1-2024

China has escalated its economic rivalry with the United States, this time taking direct aim at the U.S. dollar. In recent months, Chinese financial institutions have significantly increased their short positions against the American currency, betting on its decline.

Estimates suggest that Chinese banks have allocated over $100 billion toward these positions, positioning themselves to profit from any devaluation of the dollar. The strategy revolves around sophisticated financial instruments, particularly foreign exchange swaps, which allow Chinese banks to effectively "short" the dollar.

This maneuver enables these banks to benefit from shifts in currency values. In practice, Chinese institutions swap yuan for dollars at a predetermined rate. Should the dollar depreciate by the contract’s end, the American counterpart owes more yuan, generating gains for the Chinese bank.

These activities have grown substantially, with state-run Chinese banks reportedly building up more than $100 billion in short positions by 2024.

The tactic has been deployed as part of broader efforts to stabilize the yuan without exhausting China's foreign reserves. This currency strategy is driven by the mounting pressure on the yuan, which has been weakened by both the Federal Reserve's hawkish policies and a cooling Chinese economy.

By engaging in these swaps, Chinese banks have been able to secure returns during periods of market volatility, sometimes reaping returns of up to 6% for traders involved in these deals.

https://www.youtube.com/watch?v=A8Na0_SnYac

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 10-02-24

Good Afternoon Dinar Recaps,

RIPPLE ISSUES AN IMPORTANT WARNING FOR ITS UPCOMING STABLECOIN: DETAILS

▪️Ripple cautioned users to beware of fake claims that its stablecoin is live.

▪️The SEC labeled the product as an unregistered asset, adding to its ongoing legal disputes with the company.

XRP Army Beware
Earlier this year, Ripple announced it will launch a stablecoin pegged 1:1 to the American dollar. It will be called RLUSD and will be available on the XRP Ledger (XRPL) and Ethereum. According to CEO Brad Garlinghouse, the product could serve as a bridge between the cryptocurrency industry and traditional finance, while numerous analysts believe its eventual launch could positively impact XRP’s price.

Last week, Ripple’s team minted over 800,000 RLUSD on XRPL and Ethereum, representing 99% of the total supply. This caused speculation that the stablecoin is already live.

The company, though, assured it is still in the private beta testing phase. It also cautioned users to beware of dubious individuals who claim the opposite.

Numerous X users thanked Ripple for the heads up. The popular community figure Vet was among those reacting below the post, saying:

“Unfortunately, a necessary PSA. Even accounts with a gold checkmark are impersonating and scamming people. Definitely stay vigilant, and the best thing is to do nothing, don’t click any links, and wait for official sources.”

Controversy With the SEC… Again
Ripple’s plans to introduce a stablecoin caused huge excitement in the cryptocurrency space. However, it was not welcomed by everyone, with the US Securities and Exchange Commission (SEC) describing it as a “new unregistered crypto asset.”

This is not the first quarrel between the entities. To the uninitiated ones, the SEC sued Ripple in December 2020, accusing it of conducting an unregistered securities offering by selling XRP tokens. The case passed through numerous developments over the years, reaching an important milestone in August 2024.

Back then, Judge Torres determined that the sales of XRP on secondary markets to retail investors did not constitute securities transactions. Nonetheless, she ordered Ripple to pay $125 million for violating certain securities laws.

The figure represents a massive discount on the $2 billion initially sought by the regulator, causing many to declare the ruling a major Ripple victory. Both parties have until October 7 to appeal, and the SEC seems more likely to do so.

Over the past few weeks, there have been increased rumors about such a potential scenario. American lawyer Fred Rispoli, for example, thinks the chance for an appeal is 60%.

@ Newshounds News™

Source:  CryptoPotato

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WILL ADA PRICE REACH $0.5 AS CARDANO MIDNIGHT TESTNET GOES LIVE?

The long awaited testnet for Cardano privacy protocol Midnight Network is finally out, potentially setting ADA price for new rally

▪️Cardano Midnight testnet has gone live after months of development

▪️The testnet is only available to developers for now

▪️ADA price, down in downtrend may benefit in the long term

Cardano has entered the spotlight again with the Midnight Protocol testnet, a trend that may bode well for ADA price. Per the latest update, the Midnight protocol announced that its long-awaited testnet is now live for developers.

The Cardano Midnight Testnet – Key Note To Developers
Cardano first introduced the Midnight Protocol as its privacy solution in 2023. Since then, the team has invested time in developing it in readiness for full rollout. As announced, the testnet will test out important features that can guarantee a stable Sandbox environment for the protocol.

With Midnight, developers will have the opportunity to build functional applications. While many alternative protocols exists that can offer this capability, with Midnight, user’s sensitive data are protected. The goals of the testnet are limited and it aims to create a simulation of a full mainnet launch.

To achieve this testnet function, the Cardano protocol said it “has expanded its capabilities and hardened the network’s codebase to reduce the need for regularly scheduled chain resets when upgrading.”

For developers who plans to participate in the testnet can help build applications in the sandbox environment. Beside this, they can help discover data protection capabilities, and influence the network. Ultimately, the overall enhancement will bolster Cardano as a protocol and ADA price in the long run.

@ Newshounds News™

Read more:  CoinGape

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UK OPENS APPLICATIONS FOR DIGITAL SECURITIES SANDBOX

In January new legislation came into force in the UK supporting a five year Digital Securities Sandbox (DSS) which temporarily relaxes some legal requirements to explore new technologies including DLT experimentation. Today the Bank of England and Financial Conduct Authority (FCA) opened applications for the sandbox.

In traditional markets, trading is conducted on an exchange and settlement via a central securities depository (CSD). DLTs are designed to combine the two functions and the sandbox supports that.

The bank emphasized that the rules in the DSS are flexible, allowing the regulators to make adjustments as they learn more. Financial instruments considered in scope include equities, corporate and government bonds, money market instruments such as commercial paper and certificate of deposits, fund units and emissions allowances. Derivatives and cryptocurrencies are excluded.

The regulators published guidance, a policy statement and an application form.

“The DSS lays the foundation for market participants to realise these benefits (of digital securities) in a safe, regulated environment and importantly, puts the UK in a strong leadership position when it comes to tokenisation,” said Quant CEO Gilbert Verdian.

“With the EU having already launched its DLT pilot regime, it is vital that the UK does not fall behind in this new era of digital finance.”

That said, the DLT Pilot Regime hasn’t exactly gotten off to a flying start. More than 18 months have passed since the legislation came into force and regulators have not yet approved any applications. However, that’s expected to change soon.

Digital Securities Sandbox rule changes
The Bank of England and FCA ran a consultation for the Digital Securities Sandbox, which closed in late May.

The regulators specified activity limits for the sandbox, the topic that attracted the most feedback from the consultation.

The global asset class figures remain unchanged (for the most part). However, the limits for individual firms have become more flexible.

Regarding fund management, in contrast to other asset classes, the regulators will not impose an aggregate limit on fund tokenization activity in the DSS.

Foreign currency assets now in scope
One of the most notable changes is the expansion of scope to include other currencies, such as euros and dollars. The regulators will specify global limits for these currencies, which will be in addition to the sterling limits. However, limits on individual firms will account for all currencies.

Regarding settlement, there isn’t a lot of movement. Stablecoins are still ruled out, with central bank money settlement considered the default. The Bank of England highlighted the availability of the omnibus bank account facility (as used by Fnality) and that it’s working with industry on an RTGS synchronization settlement facility.

 It said there was a possibility of wholesale CBDC experiments, but it didn’t make any promises. Settlement in commercial bank money is allowed, although it must be justified.

With long delays for approval under the EU’s DLT Pilot Regime, the regulators outlined expected timeframes. Banks that apply now can potentially be live by February 2025. go-live will probably be November 2025 or later. Other FMIs are somewhere in between.

@ Newshounds News™

Read more   Ledger Insights

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🌍 Managing Sudden Wealth Through Smart Team Building Bob Lock | Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Wednesday Afternoon

Mr. Pool, [10/1/2024

𝙔𝙤𝙪 𝙨𝙝𝙤𝙪𝙡𝙙 𝙗𝙚 𝙚𝙭𝙘𝙞𝙩𝙚𝙙 𝙖𝙨 𝙩𝙝𝙚 𝙧𝙚𝙨𝙩 𝙤𝙛 𝙮𝙤𝙪𝙧 𝙡𝙞𝙛𝙚 𝙞𝙨 𝙨𝙩𝙖𝙧𝙩𝙞𝙣𝙜 𝙩𝙤𝙙𝙖𝙮.

• Banks are in check.

• Government is in check.

• Wall Street is in check.

• Ports are in check.

• The entertainment industry is in check.

• The Legal system is in check.

All of this is happening today and will have ripple effects for decades to come. And you will for the 1st time in history witness it all in real-time and see accountability unfold.

There will be no more getting over on the American people. Your country will shift towards programs that serve you above all else or else. And that's the way it is going to be for the next few centuries or more.

We deserve it. You deserve it. Your children and their future deserve it. But the only way to solidify this is to hear from witnesses what Law & Order can do for a country under siege. This will be the stamp of approval.

This is what will give us confidence in our new system. This is what will allow us to make sound decisions that reflect reality as it is supposed to be. No more hanky-panky under the table at our expense. And you should feel very satisfied about that for many reasons.

𝘽𝙖𝙣𝙠𝙨 𝙤𝙣 𝙖 𝙇𝙚𝙖𝙨𝙝: No more reckless speculation or shady under-the-table deals. For the first time in modern history, the banking system is being held accountable. Gone are the days when Wall Street fat cats could manipulate your savings for their own gains. The gold-backed system will guarantee your hard-earned wealth is protected by real value, not inflated promises.

𝘼 𝙂𝙤𝙫𝙚𝙧𝙣𝙢𝙚𝙣𝙩 𝙏𝙝𝙖𝙩 𝙒𝙤𝙧𝙠𝙨 𝙛𝙤𝙧 𝙔𝙤𝙪: The era of government inefficiency, waste, and corruption is coming to a close. No more secret deals or hidden agendas that favor a select few. Instead, programs and policies will focus on serving YOU, the citizen, above all else. Every law, and every initiative, will be crafted with your well-being in mind, ensuring you and your family prosper in a system designed for the people, by the people.

𝙒𝙖𝙡𝙡 𝙎𝙩𝙧𝙚𝙚𝙩’𝙨 𝘿𝙖𝙮𝙨 𝙤𝙛 𝙈𝙖𝙣𝙞𝙥𝙪𝙡𝙖𝙩𝙞𝙤𝙣 𝘼𝙧𝙚 𝙊𝙫𝙚𝙧: The financial elites are finally being put in check. No longer will Wall Street have the power to rig markets or siphon wealth from the middle class. The rise of decentralized, asset-backed systems like tokenized gold ensures that real value is driving the market, not fabricated bubbles. You’ll have the power to invest in real assets, knowing the market can no longer be rigged against you.

𝙋𝙤𝙧𝙩𝙨 𝙁𝙡𝙤𝙬𝙞𝙣𝙜 𝙬𝙞𝙩𝙝 𝙄��𝙩𝙚𝙜𝙧𝙞𝙩𝙮: The East Coast port strike has opened the door to transparent and equitable supply chains. The days of backroom deals that created shortages and price hikes are over. Goods will now flow through the ports with fair labor practices, ensuring both workers and consumers benefit from a system built on trust and cooperation. You will finally see the true cost of goods reflect the value of fair and honest trade.

𝙀𝙣𝙩𝙚𝙧𝙩𝙖𝙞𝙣𝙢𝙚𝙣𝙩 𝙄𝙣𝙙𝙪𝙨𝙩𝙧𝙮 𝙍𝙚𝙫𝙤𝙡𝙪𝙩𝙞𝙤𝙣𝙞𝙯𝙚𝙙: Hollywood’s darkest secrets are being dragged into the light. The fall of major entertainment figures signals a new chapter where art, media, and culture will reflect truth and integrity. No more glorification of toxic behaviors or exploitation hidden behind the glamor of fame.

𝙍𝙚𝙖𝙡-𝙏𝙞𝙢𝙚 𝘼𝙘𝙘𝙤𝙪𝙣𝙩𝙖𝙗𝙞𝙡𝙞𝙩𝙮: For the first time in your life, you will witness justice unfold in real-time. From government officials to banking moguls and entertainment elites, those who have acted in secrecy or malice are now being held accountable. You will see laws applied equally and fairly, no more playing favorites.

𝘼 𝙁𝙪𝙩𝙪𝙧𝙚 𝙛𝙤𝙧 𝙔𝙤𝙪𝙧 𝘾𝙝𝙞𝙡𝙙𝙧𝙚𝙣: The changes happening today will reverberate for centuries. These shifts aren’t just for us—they’re for future generations. Your children and grandchildren will inherit a world where truth, integrity, and fairness form the foundation of society. They’ll grow up in a country where opportunity and justice are the norm, not the exception.

𝙏𝙝𝙚 𝙍𝙚𝙩𝙪𝙧𝙣 𝙤𝙛 𝙇𝙖𝙬 & 𝙊𝙧𝙙𝙚𝙧: The era of chaos is ending, and in its place is a society governed by fair and just laws. This is the foundation of the New Republic, where no one is above the law, and every citizen is protected by the same set of rules. This will give you the confidence to make decisions knowing they are rooted in reality, and that the system will uphold what is fair and right.

Historic things are happening today. And it's not even 11:00 yet. Julian Assange just exposed Mike Pompeo. Naming those names you all want to hear. But I doubt that will be all of course. Because at some point that celebrity that is on that P. Diddy tape will come out and the world will be quite surprised. This is when I think the panic will really set in for the rest of Hollywood.

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Ariel (@Prolotario1): Hold onto your Iraqi Dinars

10-2-2024

Hold your Iraqi Dinars people.

If they decide to release the rate on their independence day I will not be upset.

If they decide to release the rate on Halloween I will not be upset.

If they decide to release the rate on Thanksgiving I will not be upset.

If they decide to release the rate on Christmas day I will not be upset.

If they decide to release the rate on News Years day I will not be upset.

Why?

Because they told you officially that they only have 5% remaining in their monetary reforms. And they told you they are aiming to finish this before the end of the year.

Relax.

Source(s):
https://x.com/Prolotario1/status/1841165415172461052

https://dinarchronicles.com/2024/10/01/ariel-prolotario1-hold-onto-your-iraqi-dinars

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

Frank26   Protesters...are Iranian...they infiltrate Iraq because of what's going on.  They want money.  They don't want to lose Iraq so they try to protest and they try to create chaos, they try to slow things down.  They want to retard the process.  It's not working.  I don't think it's going to work...

Mnt Goat   I am telling you that I know with 1000% certainty we will NOT see the RV until after the Nov 5th voting...In a conversation with my CBI contact on Saturday I was told that if all goes well in the US elections, we can expect to see the preparation gearing to the reinstatement by the start of the project to delete the zeros and the swap out of the larger notes for the smaller denominations. I was told this is now planned to begin shortly after the voting is over and the winners are announced.  I was told we might have to wait for the inauguration ceremony to conclude to see the reinstatement occur.

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The US DOLLAR And The US ECONOMY Is In An IRRECOVERABLE TAILSPIN. No Way To Stop It.

Greg Mannarino:  10-2-2024

https://www.youtube.com/watch?v=qiwPBYP41Cc

What OPEC And BRICS Just Announced Is About To Send The Entire Energy Market Into A Frenzy

What OPEC And BRICS Just Announced Is About To Send The Entire Energy Market Into A Frenzy

Tech Revolution:  10-2-2024

These days, the world is changing fast, especially when it comes to how countries are teaming up over energy. The partnership between BRICS and OPEC+?

Yes, it's shaking things up in a major way. With countries feeling the heat from Western sanctions and scrambling for energy security, this collaboration is becoming a really big deal.

BRICS and OPEC+ hold a massive chunk of the world’s energy resources. They’re not just playing the game—they’re flipping the script on the global economy.

So, here’s the scoop: Russian President Vladimir Putin recently made waves at the Russian Energy Week forum. He basically said that Russia’s energy sector is ready to hit its targets, despite what he called “illegal” Western sanctions. He pointed out that oil and gas sales make up about a third of Russia’s total state budget.

That’s huge, especially with everything going on in Ukraine. It’s what keeps the Russian economy going. Putin also touched on how teaming up with BRICS helps balance out Western influence. He said, “Russia fulfills its obligations to supply energy resources to the global market,” which shows how Russia is trying to stabilize things through groups like OPEC+ and the Gas Exporting Countries Forum. He made it clear that Russia is sticking close with OPEC+ oil producers, standing strong together against outside pressure

Despite the sanctions, Putin mentioned that 90% of payments for Russian energy exports come from “friendly” countries that haven’t slapped on sanctions. This really shows why a new energy strategy is needed, and he hinted that one could be coming soon to handle this changing landscape better.

Türkiye is really making moves in the BRICS alliance, and President Recep Tayyip Erdoğan is all in on it. He’s excited about the potential Türkiye could tap into by getting involved with groups like BRICS and ASEAN.

Erdoğan thinks this could shake up the regional landscape and maybe even kick off a new geopolitical structure. He also highlighted Türkiye’s strong connections with countries across Europe, Central Asia, and Africa.

Frustrated with how slowly things are moving in terms of joining the European Union, Türkiye has officially applied to join BRICS. Erdoğan is optimistic that this membership could open up fresh opportunities for economic cooperation and partnerships, especially beyond its usual Western allies.

 If Türkiye does get into BRICS, it could really boost the bloc’s influence, thanks to Türkiye’s strategic location and deep historical ties. BRICS just got a major upgrade!

 Now with new members like Iran, the UAE, Ethiopia, Egypt, and Saudi Arabia, the group is packing some serious power on the global energy stage. With these additions, BRICS now controls 42% of the world’s oil and gas reserves and a massive 72% of the world’s rare earth metals.

 That’s a serious chunk of the world's critical resources! This kind of control means BRICS isn’t just a big player in energy anymore—it’s now a force to be reckoned with in industries that depend on rare earth metals and coal too.

This dominance gives BRICS the power to influence resource markets and challenge the rules that have been set by traditional Western institutions. The implications of this are huge, as BRICS positions itself as a real alternative to the usual economic heavyweights.

As BRICS continues to grow, it’s shaping up to be a solid alternative to the usual Western institutions like the World Bank and IMF. This group is all about pushing for a different economic model—one that’s focused on fair development and spreading resources more evenly.

And with the BRICS development bank in play, there’s potential for countries to find new financing options that help them sidestep traditional Western financial systems. That could be a total game-changer! You can really see the global power shift as BRICS starts making moves in the resource markets.

With such a huge chunk of the world’s energy resources under its belt, BRICS can score some great deals for its members. There’s even talk about BRICS exploring non-dollar transactions, which could seriously shake up the global economy and challenge the dominance of the U.S. dollar in international trade. If that happens, we’re looking at a major geopolitical shift!

https://www.youtube.com/watch?v=8o3IhI-Vc1M

News, Rumors and Opinions Wednesday AM 10-2-2024

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. 2 Oct. 2024

Compiled Wed. 2 Oct. 2024 12:01 am EST by Judy Byington

Judy Note: The problem with living in a bubble is that you don’t plan and prepare to deal with the chaos that will cause your bubble to burst someday. To put it bluntly, our bubble is bursting and we are in a mess.

The Dow and S&P both dove deep into the red on Tues. and were likely to stay there. China and Germany had already experienced financial collapses. There were Banks closures worldwide, Markets were down and Bitcoin had stopped trading.

On Tues. 1 Oct. 2024 US Port workers on the East, West and Gulf Coasts, plus in Canada went on strike, while Amazon workers were threatening strike, all of which was sure to immediately paralyze the US goods and food supply chains.

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Global Currency Reset: (Opinions/Rumors)

Tues. 1 Oct. 2024 Bruce: We could get a true or staggered shotgun start. Bond holders are to be notified tonight or overnight about funds and access in their accounts. Tier4b (us, the Internet Group) should be notified tonight or tomorrow morning. One source said after 9:30 am EST to Noon. The Call Centers to set appointments are automated and will direct us to the Redemption Center nearest to our Zip code where we’ll speak with a live person. Yesterday Sun. 30 Sept. on Bank and Redemption Center Screens there were nine currencies that were going up in value.

Tues. 1 Oct. 2024 Mike Bara: The latest from a good source: The Iraqi Supreme Court has told Sudani and former PM Nouri Al-Maliki that they will be arrested if they do not revalue the currency on Tuesday. On the flip side, a high source puts the chances of an RV tomorrow at 15%. “But it should be a good day for the bond people.”

Tues. 1 Oct. 2024 MarkZ: Three different banks show a Dinar rate of $3.57. We are seeing a lot of rates over the weekend. Pretty much all my sources agree that the consensus is German Bonds start tomorrow morning when Zurich opens.

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Global Financial Crisis:

Tues. 1 Oct. 2024: Is Europe’s economy done? Investment banks Goldman Sachs, BlackRock, and Northern Trust Asset Management are warning that investors should prepare for the collapse of Europe’s economy and its impact on corporate profits. The weak economic background in Europe sharply contrasts with the record-high regional stock index. Private sector activity in the eurozone has shrunk this month, and forecasts point to an impending downturn in Germany. Europe has been falling apart for at least a year. Analysts: “Hmm, an economic downturn is coming.”

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Tues. 1 Oct. 2024 Currency Revaluation …Charlie Ward and Friends on Telegram

Key Currencies: Iraqi Dinar, Vietnamese Dong, and Zimbabwe ZIM

Iraqi Dinar: The Iraqi dinar has been undervalued for too long due to years of turmoil and economic instability. But everything is about to change. With this new treaty in place, the Dinar is set for a major revaluation—bringing newfound prosperity to Iraq and transforming its future.

This revaluation won’t just boost the economy; it will bring foreign investors flocking, pushing Iraq into a new era. The elites tried to suppress Iraq, but they can’t hold it down any longer. The rise is imminent, and those who know are getting ready to prosper.

Vietnamese Dong: Vietnam’s economy has been growing steadily, but the value of the Dong never reflected this progress—because they didn’t want it to. Now, with a revaluation, the Dong is set to be on par with the U.S. dollar, signaling the unstoppable rise of Vietnam’s economic power.

This isn’t just about Vietnam; it’s about a global shift, and the opportunities are endless. Trade, investment, and massive economic growth are on the horizon. Those in the know are already seeing the potential. Are you ready to seize the moment?

Zimbabwe ZIM: Zimbabwe has faced economic collapse, hyperinflation, and hardship—but the ZIM is coming back. The revaluation of the ZIM isn’t just a step forward; it’s a leap towards freedom from the chains the global powers placed on Zimbabwe.

This change will restore faith in Zimbabwe’s economy and pave the way for recovery and growth. The old system fears countries like Zimbabwe rising—but it’s too late to stop what’s coming. The revaluation is about reclaiming power, and those prepared will see rewards beyond belief.

Red full post here:  https://dinarchronicles.com/2024/10/02/restored-republic-via-a-gcr-update-as-of-october-2-2024/

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

Militia Man  If you do the math on it, if you drop the three zeros from the exchange rate of the nominal value of the currency.  If the exchange rate is $1 divided by 1310 gets you .0007643 or real close, which is far less than a penny.  If you drop the three zeros off the exchange rate you've done a big service.  You've created value to that currency because if you drop three zeros from the exchange rate that is .76 ...They can then add the Real Effective Exchange Rate based off the non-oil revenue streams...

Jeff   Article:  "Iraq presents to the US Treasury date for abandoning the currency auctions"  The auctions will end or be abandoned the day the rate changes.  The rate will change on a Sunday morning.  That's when the currency auctions will end, when the rate changes.  This article's saying the currency auctions will end by year end.  They're talking to US officials...They're just making a generalized statement, saying by year end...So by the end of December...the currency auctions will end meaning the rate would have to change allowing the auctions to end...

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MASSIVE IMPACT: Historic Port Strikes BEGIN, 50% of Imports Halt as Shipping Routes are Paralyzed

Lena Petrova:  10-2-2024

https://www.youtube.com/watch?v=fBuGyJ6GerI

SILVER ALERT! NOT ENOUGH Silver for New Gas or Electric Vehicles! RIGGERS CORNERED!!

 (Bix Weir)  10-1-2024

Rumors of a new EV battery from Samsung that uses MASSIVE amounts of silver are clearly OVERBLOWN!

Having said that, much like the Solar sector, the Automotive sector continues to INCREASE the quantity of cars sold, the % of EV cars sold and the total amount of silver added to each vehicle in all automotive categories!

SOMEONE IS GOING TO HAVE TO GO WITHOUT INDUSTRIAL SILVER VERY SOON!!

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

“Tidbits from TNT” Wednesday Morning 10-2-2024

TNT:

Tishwash: Economist outlines financial options as oil declines...and warns

An economic expert revealed the options available to the Ministry of Finance if oil prices continue to decline.

Salah Nouri told Al Furat News Agency: "The decrease in the selling price of exported oil affects the Ministry of Finance's commitment to financing the (current and investment) budget."

He explained that "the options before the Ministry of Finance are either to proceed with implementing the budget paragraphs, which means increasing domestic borrowing, which in turn affects the liquidity of government banks and the employees' pension fund, which are the lending entities, or to reduce funding for investment projects and some paragraphs of the current budget."

He warned that "reducing funding and spending leads to economic recession."

Nouri continued, "From a psychological and behavioral perspective, citizens with limited incomes fear the further decline in prices, which leads to a reduction in their monthly spending."  link

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Tishwash:  National Union: We are working to activate Article 140 to serve the disputed areas

The Patriotic Union of Kurdistan confirmed that it is working to support and assist the disputed areas and is working to resolve this issue in accordance with the permanent Iraqi constitution.

The Patriotic Union of Kurdistan announced, within the program of List 129 for the Kurdistan Parliament elections, several points to serve the disputed areas, which are working to activate Article 140 of the permanent Iraqi constitution and implement all its paragraphs, in addition to  normalizing the security, military and political conditions in the disputed areas that are going through abnormal conditions due to the repercussions of the referendum.

The Patriotic Union stressed that it insists on the share and entitlement of the Kurds, according to the election results, in the administration of those areas and the continuation of assistance to service institutions in the disputed areas, especially the Kurdish areas that were neglected by the administrations imposed on those areas and support for Kurdish studies in those areas and the acceptance of a good number of students in the universities of the region and  support and assistance to Kurdish cultural, artistic and sports institutions in the disputed areas. link

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Tishwash:  Banking Advisor: Government Committed to Opening New Horizons for Partnership with Investors

Wissam Al-Mulla the Prime Minister's representative and advisor for banking affairs, Saleh Mahoud, confirmed today, Tuesday, the government's commitment to supporting the Securities Commission and opening new horizons for partnership with investors, calling on the legislative authority to accelerate the issuance of the necessary legislation to meet the requirements of the modern market and enhance the investment environment in Iraq.

"It is a great honor to represent Prime Minister Mohammed Shia al-Sudani in this event organized by the Securities Commission," Mahoud said at the World Investor Day conference, which was attended by the Iraqi News Agency (INA) correspondent. "This conference represents a vital platform to strengthen ties between the government and investors and highlights investment opportunities available in Iraq,"
he added. "The world today lives in an era characterized by rapid economic changes, which requires activating the role of the securities sector as a major tool to stimulate economic growth," he added, adding that "the Iraqi government headed by Mohammed Shia al-Sudani is fully aware of the importance of this sector as a lever for growth and attracting local and international investments."

He pointed out that "global experiences have proven that investments are not only an engine for growth, but also a means to develop infrastructure, create jobs, and enhance transparency and efficiency in resource management," considering that "the Securities Commission is a vital partner in achieving these goals, as it works to regulate markets and enhance their protection.

" Mahoud stressed "the importance of cooperation between the public and private sectors," emphasizing that "the success of investments depends on investment partnerships that contribute to mitigating risks and increasing confidence."
He explained that "there is an urgent need to accelerate the issuance of the necessary legislation to update the legal system to suit the requirements of the modern market, as there must be clear mechanisms to protect investors and facilitate investment procedures, which contributes to improving the business climate in the country."

He pointed out, "the importance of strengthening corporate governance, as building a strong governance system is vital to ensuring transparency," stressing, "Investors must feel that their money is protected and that there are effective mechanisms to monitor performance."
Mahoud called for "focusing on education and awareness, as building human capacities and developing skills in the financial sector contribute to creating an attractive investment environment," stressing, "the importance of holding training programs and workshops targeting investors, bankers and government agencies."

He stressed, "the commitment of the Iraqi government and Prime Minister Mohammed Shia al-Sudani to providing support to the Securities Commission and opening new horizons for cooperation and partnership with investors," considering that "this conference is an important step towards building a prosperous and sustainable Iraqi economy."  link

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Tishwash:  Iraq's 2025 budget: Will the government deliver on its promises amid growing crises?

As the date for discussing the 2025 budget schedules in Iraq approaches, many questions are being raised about the government’s ability to meet its financial obligations amidst the growing crises. The Parliamentary Finance Committee, headed by its member Mohammed Nouri, confirmed that employees’ salaries are fully secured until the end of this year, but can these statements be relied upon in light of the current economic situation?

Despite the committee’s assurance that there is no delay in paying salaries, many question the government’s ability to address the delay in funding provincial allocations and ongoing projects. Development projects in Iraq have become underfunded, hampering efforts to develop infrastructure and improve basic services.

Moreover, reports indicate that the Iraqi government is facing significant challenges in balancing its financial obligations with dealing with economic variables, such as oil prices and inflation. While the Finance Committee hopes to launch project packages in the coming days, the question remains: Will these measures solve the current crises or will they worsen over time?

Responding to citizens’ needs and achieving sustainable development requires a comprehensive plan that goes beyond merely approving annual budgets. At a time when the Iraqi street is demanding improved services and job opportunities, the Finance Committee and the government appear to be in a race against time to ensure the country’s financial stability.

The situation remains as it is: statements confirming commitment, but the facts on the ground indicate otherwise. The government will have to face pressure from the street and increasing demands in the coming period, especially with the approach of elections and growing frustration among citizens. Will the government be able to strike a balance between pledges and reality? The coming days will reveal that.   link

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Mot: .. * New month alert *

Mot: .. The actual size of bears.

Seeds of Wisdom RV and Economic Updates Wednesday Morning 10-02-24

Seeds of Wisdom RV and Economic Updates Wednesday Morning 10-02-24

Good Morning Dinar Recaps,

CANARY CAPITAL LAUNCHES FIRST U.S. HBAR TRUST FOR INSTITUTIONAL INVESTORS

Canary Capital has introduced the U.S.’s first HBAR Trust, expanding crypto options for institutional investors.

This move offers institutional investors access to Hedera's HBAR, the native crypto of the Hedera network. The trust caters to accredited investors seeking exposure to advanced crypto investment strategies.

According to the company announcement, this is the first dedicated HBAR trust in the United States.

HBAR investment options
The Hedera network is a distributed ledger technology used by enterprises for various applications, such as tokenizing assets, issuing non-fungible tokens, and developing Web3 applications. This trust gives U.S. investors a structured way to invest in HBAR.

Steven McClurg, former co-founder of Valkyrie and founder of Canary Capital, emphasized the growing demand for crypto investment options beyond popular assets like Bitcoin. He noted that despite the interest, many institutional investors lack reliable options to invest in more innovative crypto projects.

“The accelerating demand for crypto offerings seems to be exponential since this year’s launch of Spot Bitcoin ETFs, yet there remains a gap regarding firms with institutional experience who are willing to continue to innovate and deliver solutions beyond retail products.” 
Steven McClurg

The Canary HBAR Trust addresses this gap, potentially paving the way for future crypto-focused investment funds such as ETFs. The trust is available for accredited individual and institutional investors, representing an opportunity for those looking to diversify their crypto portfolios.

Additionally, Canary Capital offers other crypto hedge fund solutions, targeting sophisticated and institutional investors seeking a blend of crypto and fixed-income strategies.

On Sept. 16, Hedera helped launch the MiCA Crypto Alliance with Ripple and the Aptos Foundation as founding members, aiming to help crypto firms navigate EU regulations, particularly the Markets in Crypto Assets regulation. The alliance focuses on improving transparency and fostering blockchain innovation.

@ Newshounds News™

Source:  Crypto News

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JAPAN CONSIDERS CHANGES TO CRYPTO RULES AS FSA LAUNCHES REVIEW: REPORT

The upcoming FSA review could drive reform in Japan’s crypto regulations, possibly paving the way for crypto ETFs.

Reports have emerged that Japan plans to assess the effectiveness of its cryptocurrency rules.

The review, which will take place over the next few months, could pave the way for the launch of crypto exchange-traded funds (ETFs) in the country.

Review to Evaluate Investor Protection
The news was first reported by Bloomberg, which quoted an unnamed official from Japan’s Financial Services Agency (FSA). According to the report, the review will measure how adequate the country’s current approach to crypto regulation has been under the Payments Services Act (PSA).

Initially enacted in 2009, Japanese lawmakers have amended the PSA several times to address the changes in the financial services landscape triggered by the emergence of digital currencies.

The act recognizes Bitcoin (BTC) and other cryptocurrencies as legal property. It also requires crypto exchanges to be registered and comply with the country’s Anti-Money Laundering (AML) and Counterfinancing of Terrorism (CFT) obligations.

Furthermore, Japan’s Financial Instruments and Exchange Act (FIEA) also plays a key role in digital asset regulation, especially with regard to crypto derivatives transactions. 

The FSA wants to ascertain whether these rules have effectively safeguarded investors, given that Japanese holders mainly use cryptocurrencies as investments rather than for payments.

According to Bloomberg, such a move could lead to changes in the laws or even a reclassification of digital assets as financial instruments under the FIEA. If that were to happen, analysts suggest that not only would it improve investor protection measures, but it could possibly make it easier for the industry to negotiate for lower taxes on crypto.

Potential Reforms for Crypto Taxes and Security
The country’s stringent crypto rules were fashioned to protect against occurrences like the Mt. Gox hack and subsequent bankruptcy, as well as 2023’s FTX debacle from happening or adversely affecting local crypto holders.

Only recently, the crypto exchange DMM Bitcoin lost more than $300 million worth of BTC to hackers. The platform later stated that it would reimburse all users who lost their crypto in the attack and that it would acquire a proportionate amount of the stolen BTC.

In the aftermath of the attack, the FSA demanded that DMM Bitcoin provide the regulator with a business improvement plan by the end of October that would outline how it intends to protect customer assets in the future.

Japan has already made some concessions to its crypto tax requirements. In June 2023, its National Tax Agency published a partial revision of its corporate tax guidelines exempting companies issuing crypto tokens from paying a 30% levy on their holdings.

Prime Minister Fumio Kishida has also been leading the charge in promoting Web3, a future iteration of the Internet expected to be built around blockchain and utilize crypto. This has led to some of the largest corporations in the country, including Sony and Mitsubishi Bank, getting into the business.

@ Newshounds News™

Source:  Crypto Potato

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The Trigger Has Been Pulled | Youtube

The Economic Ninja breaks down the attack by Iran on Israel and the East Coast Port Strike.

@ Newshounds News™

Source:  

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🌍 BAM! Gold - Silver - Dollar Is this a shift? | 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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Thank you Dinar Recaps

Seeds of Wisdom RV and Economic Updates Tuesday Evening 10-01-24

Good Evening Dinar Recaps,

CRYPTO LAWS ARE COMING NO MATTER WHO WINS ELECTION: REP. TOM EMMER

Republican Majority Whip Tom Emmer laid out his top crypto legislative priorities for Decrypt, and explained why he thinks they’re likely coming sooner than many expect

The third-highest-ranking House Republican ascribes much credit for this rosy outlook to recent changes in tune on both sides of the aisle in Congress.

This spring, a substantial number of Democrats, including Senate Majority Leader Chuck Schumer, joined Republicans to vote to overturn an anti-crypto banking rule.

Days later, 71 Democrats including Nancy Pelosi voted to pass FIT21, a key crypto market structure bill.

Just last week, Emmer’s most senior adversary on the House Financial Services Committee, Maxine Waters (D-CA), told Punchbowl News that “crypto is inevitable.” Waters, for context, was a steadfast opponent of bills like FIT21 just months ago.

“That’s a momentous statement by Maxine,” Emmer said.

Why have so many Democrats changed their tune on crypto this year? Emmer thinks it comes down to electoral politics, and realizing that younger voters may be casting a ballot with crypto in mind.

“They saw that there’s this voting bloc, age 18 to 40, and [for] maybe one out of five of them… this is the issue they’re going to be voting on,” the congressman said.

While Emmer is now confident that crypto legislation is more or less inevitable, he maintains that Republican “trifecta” control of the House, the Senate, and the White House in 2025 would likely bring those laws into effect more swiftly than a Democratic-controlled government might.

If the Majority Whip was operating in such a dream scenario, he said he would prioritize three specific types of crypto-related bills for passage into law: a market structure framework like FIT21, his bill outlawing the creation of an American central bank digital currency (CBDC), and a bill to facilitate the creation of dollar-backed stablecoins anywhere in the world, so long as they meet certain criteria enforced by the U.S. Treasury Department.

Emmer thinks these laws, if enacted, would go a long way toward creating solid footing for American crypto firms and projects currently worried about regulatory uncertainty. The congressman balked, though, at the notion of going much further than such legislation.

“I have Republican colleagues in the Senate who [think] we’ve got to create a new regulatory department just to deal with crypto,” he said. “Be careful what you wish for. You do not want that.”

@ Newshounds News™

Source:  Decrypt

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CENTRAL BANK OF TANZANIA TO HOARD 20% OF TOTAL GOLD EXPORTS

The Central Bank of Tanzania will purchase 20% of all the gold directed for exports as the country prepares to diversify its reserves. The movement is seen as a reaction to the current acceleration of gold prices, with Tanzania aiming to amass at least 6 tones of gold this financial year.

Mining Regulator in Tanzania Enacts Directive to Retain 20% of the Gold Exports in the Country

Tanzania is set to increase its gold reserves as part of a move made by regulators to secure part of the gold produced in the country. 

A newly enacted law states that mining and trading firms will have to sell 20% of all the gold directed for exports to the Central Bank of Tanzania, which will seek to diversify and complement its reserves with this move.

The measure can be seen as a natural expansion of an already announced policy of buying gold from local miners using the national currency, the shilling. 

In 2023, Governor of the Bank of Tanzania Emmanuel Tutuba revealed that the bank had already purchased over 400 kilograms of gold, but sold it to increase its position in foreign currency.

The law, which will be in effect on October 1, indicates all the gold collected must be sent to two refineries: Eye of Africa Ltd and Mwanza Precious Metals Refinery Ltd. 

“All payments will be done according to the Bank of Tanzania arrangements,” the Tanzania Mining Commission stressed, without giving more details on the rates and prices miners will be paid. 

The goal is to purchase 6 tons of gold by this financial year.

Tanzania has been struggling with a lack of U.S. dollars and established restrictions on forex dealers to “foster macroeconomic stability and safeguard the stability of the financial system.” 

More recently, tourism authorities convened that all tourism fees must be paid in the local currency, incentivizing foreign tourists to exchange their dollars for shillings to support the country’s economy.

@ Newshounds News™

Source:  Bitcoin News

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Will ADA Price Reach $0.5 As Cardano Midnight Testnet Goes Live?

The long awaited testnet for Cardano privacy protocol Midnight Network is finally out, potentially setting ADA price for new rally

▪️Cardano Midnight testnet has gone live after months of development

▪️The testnet is only available to developers for now

▪️ADA price, down in downtrend may benefit in the long term

Cardano has entered the spotlight again with the Midnight Protocol testnet, a trend that may bode well for ADA price. Per the latest update, the Midnight protocol announced that its long-awaited testnet is now live for developers.

The Cardano Midnight Testnet – Key Note To Developers
Cardano first introduced the Midnight Protocol as its privacy solution in 2023. Since then, the team has invested time in developing it in readiness for full rollout. As announced, the testnet will test out important features that can guarantee a stable Sandbox environment for the protocol.

With Midnight, developers will have the opportunity to build functional applications. While many alternative protocols exists that can offer this capability, with Midnight, user’s sensitive data are protected. The goals of the testnet are limited and it aims to create a simulation of a full mainnet launch.

To achieve this testnet function, the Cardano protocol said it “has expanded its capabilities and hardened the network’s codebase to reduce the need for regularly scheduled chain resets when upgrading.”

For developers who plans to participate in the testnet can help build applications in the sandbox environment. Beside this, they can help discover data protection capabilities, and influence the network. Ultimately, the overall enhancement will bolster Cardano as a protocol and ADA price in the long run.

How Will ADA Price Benefit?
When Midnight completes its testnet and finally goes live on mainnet, it is bound to enhance the appeal of ADA. Increasing demand from users may have a corresponding positive impact on ADA price.

As of writing, the price of the coin has nosedived and changing hands for $0.3543, down by 6.73% in 24 hours. This price fall is an not unexpected as the broader market has slipped into the bear zone lately. The fall has now derailed the positive streak of ADA price over the past week when the coin entered the top 10.

In reality, Cardano has entered the spotlight in no small way with the launch of Chang hard fork upgrade on the mainnet. While investors have not started pricing in the latest update as reflected in ADA price, the future appears bright for the coin.

Once this current price slump fades off, ADA price may retest the $0.5 mark. If the coin achieves this feat, it might chart a path for more rally ahead.

@ Newshounds News™

Source:   CoinGape  

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🌍 Christine Lagarde and Jon Stewart  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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30 Seconds To Midnight: THE FED JUST WENT BANKRUPT | Mike Maloney

30 Seconds To Midnight: THE FED JUST WENT BANKRUPT | Mike Maloney

10-1-2024

In this eye-opening video, Mike Maloney dives deep into the impending financial crisis and reveals that the Fed is genuinely bankrupt.

 Since 2022, the Fed has been writing IOUs to the U.S. Treasury, all while paying out billions in interest to the biggest banks and it is all coming out of YOUR pocket.

Learn how the 2008 economic changes set this crisis in motion, why the Fed is now stuck in a "death spiral," and what this means for the global financial system.

https://www.youtube.com/watch?v=qlow3WcF_jI

More News, Rumors and Opinions Tuesday PM 10-1-2024

Ariel : 𝙒𝙚𝙡𝙘𝙤𝙢𝙚 𝙏𝙤 𝙔𝙤𝙪𝙧 𝙉𝙚𝙬 𝙂𝙤𝙡𝙙𝙚𝙣 𝘼𝙜𝙚: 𝘼 𝙍𝙚𝙖𝙡𝙞𝙩𝙮 𝘽𝙖𝙨𝙚𝙙 𝙊𝙣 𝙍𝙚𝙖𝙡 𝘼𝙨𝙨𝙚𝙩𝙨

In the traditional system, investing in gold and silver often requires significant capital. With tokenization, individuals can own fractions of these precious metals, making it accessible to a broader range of investors, not just those with large portfolios. This democratizes the ownership of real assets, creating more financial inclusion for everyday citizens.

Unlike fiat money, which is subject to inflation and can be printed at will, gold and silver have intrinsic value due to their scarcity and long-standing historical importance as stores of wealth. Tokenizing these metals on a decentralized ledger gives people the chance to own assets backed by tangible, real-world value, providing a hedge against economic instability and the erosion of purchasing power.

And you telling me we are not about to have the most historic October we ever had to date? How when it had already started?

Stephanie Star:  Meld Gold confirms first transaction on mainnet went through on 9/29 regarding the tokenization of gold on XRPL with more to roll out through October #XRPCommunity #XRPArmy #XRPL

October 1st
Boom
Boom
Boom

Source(s):
https://x.com/Prolotario1/status/1840924692380586074
https://x.com/Prolotario1/status/1840933047539032289

https://dinarchronicles.com/2024/10/01/ariel-prolotario1-welcome-to-the-new-golden-age-a-reality-based-on-real-assets/

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

Militia Man  In the last week or so...there's probably five or six articles specifically talking about removing zeros from the Iraqi dinar... Quote:  "...this is done by removing a specific number of zeros from the nominal value of the currency."  From the value of the currency not the currency notes but the value of the currency...

Frank26   They tell you [Iraqi citizens] there is an imminent change coming to your currency almost every day now.  That is very exciting.  These are the words we've only dreamed about in the last 5 years.  To see them almost every day is rather shocking but very exciting right now...This is getting crazier and crazier every day with so much excitement and so much information about the monetary reform being sent directly pinpointed to you Iraqi citizens from Sudani.

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Fed To ‘Kickstart’ Inflation, Next Crash Will Make August Look Like 'Dip' | Gareth Soloway

David Lin:  9-30-2024

Gareth Soloway, Chief Market Strategist of Verified Investing.com, discusses the Fed's latest rate cut, and its impact on inflation, economic growth, and markets. Soloway updates his outlook on stocks, gold, Bitcoin.

0:00 - Intro

0:40 - Market recap

2:10 - Declining corporate cash balance

6:06 - Financials sector

11:38 - Defensive sectors outperforming

16:30 - Fed monetary policy outlook

21:00 - Inflation outlook

 23:20 - Gold

26:30 - “No landing” scenario

 27:55 - S&P 500 outlook

 29:30 - Hedging strategies

31:30 - China stimulus and stocks

35:20 - Bitcoin outlook

https://www.youtube.com/watch?v=LnMg-PxfFI4