Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 10-9-24

Good Afternoon Dinar Recaps,

LEADING STABLECOIN ISSUERS & CRYPTO FIRMS EMBRACE INTERNATIONAL SET OF STABLECOIN STANDARDS

London, United Kingdom, October 9th, 2024, Chainwire

▪️Stablecoin Standard’s newly introduced set of global standards receives endorsement from a number of stablecoin issuers, including GMO-Z.com Trust Company (‘GMO Trust’), StraitsX and BiLira, that offer G10 currencies including JPY, SGD, TRY & USD

▪️Standards also endorsed by top ecosystem participants including Fireblocks, Solana, Bitst,amp, Zodia Markets and JST Digital

Stablecoin Standard, the industry body for stablecoin issuers globally, today announced that their recently unveiled set of global standards for stablecoin issuers have been endorsed by some of the leading stablecoin issues and ecosystem participants in the industry.

Among those who have endorsed are Archblock, BiLira, Bitstamp, GMO-Z.com Trust Company (‘GMO Trust’), JST Digital, Fireblocks, Solana Foundation, StraitsX and Zodia Markets, signaling a new era of cooperation and standardization within the stablecoin industry.

The standards, announced by Beth Haddock, Global Policy Lead at Stablecoin Standard, at the Annual Flagship Event in Singapore, were designed to promote operational resilience, transparency and consistent issuer commitments globally.

Stablecoin Standard’s Policy Working Group created the high-level standards that are both general and actionable, while being sensitive to the innovation in the market.

Beth Haddock, Global Policy Lead at Stablecoin Standard, commented on the endorsements: “Their endorsement not only validates the rigor of our proposed framework but also underscores the importance of creating a stable, transparent, and resilient environment for digital currencies.

This milestone, following discussions at our annual meeting, sets a strong foundation for the continued evolution of the ecosystem.”

The endorsement of the standards lays the groundwork for a stablecoin ecosystem that prioritizes transparency, security and consumer protection. With increased scrutiny from regulators and growing demand for digital assets, unified standards can provide clarity and assurance to both industry participants and the public.

Stablecoin Standard’s new framework aims to accelerate the adoption of stablecoins by fostering greater confidence among consumers, regulators, and traditional financial institutions.  

Ramy Soliman, Co-Founder of Stablecoin Standard, commented on the endorsements: 

“The endorsement of our global standards by leading stablecoin issuers such as, BiLira and ecosystem participants, including industry leaders like Solana, Zodia Markets and JST Digital, is a vital step toward establishing a unified, trusted framework for the entire sector.

As stablecoins continue to redefine the future of digital payments, these standards will provide the foundation for long-term growth, transparency, and security.

This collective commitment—solidified during discussions at our annual meeting—not only underscores the industry’s dedication to fostering innovation but also demonstrates a concerted effort to align with evolving regulatory expectations and build the consumer trust essential for stablecoins to thrive globally.”

Stablecoin Standard and its endorsing members plan to continue refining these standards for implementation with the goal of achieving industry-wide adherence by Q4 2025.

Quotes from Endorsers:

Sinan Koç, Co-founder and CEO of BiLira, commented on their endorsement, “As a stablecoin issuer, BiLira has always prioritized transparency, security, and adherence to high standards, which is why we are proud to endorse the Stablecoin Standard’s newly introduced set of global standards.

TRYB is governed with a commitment to uphold these principles, which we believe are essential for fostering trust and stability in the rapidly evolving digital asset space. We support this initiative as a significant step towards a more resilient and unified stablecoin ecosystem.”

Ran Goldi, SVP Payments and Network at Fireblocks, commented on their endorsement, “With more than a dozen stablecoins issued on Fireblocks, we strongly believe standards are the right path for our ecosystem with regard to interoperability and reaching the holy grail of instant liquidity any time, anywhere. SCS is taking a big, bold step, and we proudly endorse and stand with them on this journey.”

Kenny Chan, Head of StraitsX, commented on their endorsement, “As one of the leading regulated stablecoin issuers in Asia, StraitsX is committed to upholding the highest standards of transparency and operational resilience.

We are proud to support the Stablecoin Standard’s newly introduced global standards, which will help build greater trust in the stablecoin ecosystem and ensure that digital currencies can be securely and seamlessly adopted by businesses and consumers worldwide.

By working collaboratively with key industry participants, we believe these standards will provide a strong foundation for the future of stablecoins, promoting innovation while ensuring compliance with evolving regulatory frameworks.”

About Stablecoin Standard

Stablecoin Standard (SCS) is the industry body focused on setting operational, transparency, and product related standards for stablecoins. The SCS plans to achieve industry wide standards by sharing international best practices, business development use cases, forming industry led working groups defining what a high-quality liquid stablecoin should look like, and engaging with policymakers domestically & internationally.

The SCS ecosystem consists of over 30 advisory board members, industry partners and issuers that offer digital currencies in global jurisdictions such as the US, EU, Singapore, Australia, and Turkey – among others.

@ Newshounds News™

Source:  Crypto News Flash

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CHINA STRENGTHENS RUSSIA PARTNERSHIP VIA BRICS AND SCO COOPERATION

China has reaffirmed its commitment to closer relations with Russia through major international platforms like BRICS and the Shanghai Cooperation Organization (SCO). 

At an event celebrating 75 years of diplomatic relations, State Councilor Shen Yiqin emphasized China’s readiness to bolster international cooperation and multilateral partnerships, especially within the Global South.

China Reaffirms Strategic Commitment to Russia on 75th Anniversary of Diplomatic Ties

Chinese State Councilor Shen Yiqin reaffirmed China’s commitment to closer ties with Russia through platforms like BRICS and the Shanghai Cooperation Organization (SCO) at an event marking the 75th anniversary of diplomatic relations between the two nations. Speaking at the Russian embassy in Beijing, Shen emphasized China’s readiness to enhance international cooperation. She said:

We are ready to proudly carry the banner of multipolarity, defend international equity and justice, increase cooperation within international platforms, BRICS and SCO in particular, unite the Global South, and contribute to forming a community with a unified course for humanity.

Shen’s remarks highlighted China’s dedication to building stronger multilateral ties. She also spoke of the strategic importance of continued collaboration with Russia, noting that the two countries are united in their efforts to further deepen their partnership. Shen noted:

We will pursue deepening full-scale cooperation with our Russian friends for the good and in the interests of the national revitalization of the two countries in accordance with the top-level agreements within the context of the celebration of the 75th anniversary of the establishment of diplomatic ties and the Years of Culture.

The Chinese leader also recalled the recent exchange of congratulatory messages between President Xi Jinping and President Vladimir Putin, affirming both nations’ commitment to stronger bilateral relations.

@ Newshounds News™

Source:  Bitcoin News

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 AUDIO - BOB LOCK - TEXAS SNAKE AND BLONDE - MANAGING SUDDEN WEALTH THROUGH SMART TEAM BUILDING.  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Economist’s “News and Views” 10-9-2024

The Biggest Market Crash Since 2008 Just Hit Asia, is the US Next?

Steven Van Metre:  10-8-2024

The financial world is abuzz following what has been termed the largest market crash since 2008, a seismic event that has reverberated throughout the Asian markets. Investors and economists are now pondering a crucial question: Is the United States next in line for a similar downturn?

The recent market crash in Asia was triggered by several intertwining factors. Firstly, soaring inflation rates—exacerbated by ongoing supply chain disruptions and geopolitical tensions—have put immense pressure on economies across the region. Not to mention, rising interest rates set by central banks to combat inflation have raised concerns about slowing economic growth.

https://youtu.be/1xricD6Xp54

Economic Shock: China Stimulus Panic Sell-Off, US Treasury Dump To Snap Global Markets

Sean Foo:  10-9-2024

Across the board, investors started selling Chinese stocks as fear builds that China might never pull the fiscal bazooka.

Investors still don't understand the Chinese market and why Beijing might be waiting till 2025. Meanwhile, US bonds are selling off pushing yields higher. This will re-inflate the Yen carry trade risk that imploded global markets in August.

Timestamps & Chapters:

0:00 China Stimulus Fear Burns Investors

3:11 Beijing Holding Firepower For 2025

6:08 US Bond Yields Disaster

7:30 Sponsor: Indigo Precious Metals

8:55 Disastrous US Jobs Report

 9:55 Yen Carry Trade Collapse 2.0

12:53 2025 Extreme Economic Risk

https://www.youtube.com/watch?v=svg9UpcylyA

The System Is On Fire - There's No Way Out | Bill Holter

Liberty and Finance:  10-8-2024

Bill Holter warns of an impending U.S. Treasury default due to skyrocketing interest payments projected to exceed $1.5 trillion annually.

He argues that the Federal Reserve is fundamentally broken, lacking the equity to support its massive balance sheet.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Severe storms

6:38 Global crises

10:30 Gold scams

24:10 Storage

27:00 Proof coins

33:30 Gold never changes

 38:57 Silver confiscation?

40:00 Financial collapse

https://www.youtube.com/watch?v=KkLk79OFD0A

“Coffee With MarkZ” Wednesday Morning Chat 10-9-2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: GM all wonderful people on the chat

Member: Are we there yet?

Member: I feel this journey will never end and we all are just hanging on by a thread

Member: It’s always darkest before the dawn…

Member…..With all the bad going on everywhere is the world….we could sure use some good news.

MZ:  “Parliamentary Finance : These are the reasons for the rise in the exchange rate of the dollar against the Iraqi dinar”  There have been fluctuations going on right now. The Central Bank is saying “It’s not us” They have a pegged exchange rate and the inconsistencies are because of smugglers and unscrupulous business people in some unlicensed exchange offices.

MZ: The reality is that this is going to exist until the value of the dinar is the same or more that the rate of the US dollar. And they know it at the Central Bank. They know this problem will instantly go away the moment they get a rate change.

Member: Then why don’t they do something??????  

MZ: I think the Central bank is letting us know how close they are to the REER. (Real Effective Exchange Rate)

Member: Iraq is like a baby.. it arrives in it's own time!!

MZ: “The value of loans and advances to Iraq banks increased to more than 61 trillion dinars”  What does this mean? This is what we thought we would see as their economy kicks into a life of its own. There is a lot of progress in Iraq right now.

MZ: “Iraq oil prices are rising. Basra crude touches $78”  

MZ:  There is a lot of conversation going on right now about a real effective exchange rate. A meaningful rate change….The value of the dinar is very important and oil prices can and will affect it. They are looking for a oil price above $70 a barrel  for stability but would love it above $80..

MZ: If you follow most of their math on the REER ….The worst case scenario or bare minimum it could possibly be is.76 cents..….. What we are expecting is in the high $3 range or low $4 range which makes the most economic sense. I am still being told to expect higher than that.

Member: 76 would be in country if anything-imo. We’ll have a REER added.

Member: Have you heard from any Bond holders yet?

MZ: No banker or bond news yet this morning. It’s been very dry and very silent.

Member: Ok there is a lot of chatter about VND and others....my question is are they going to all RV at the same time or does anyone know

Member: IMO If Iraq goes first and alone – the others will follow shortly after…….

MZ: I have not seen anything on the dong recently. My bank people are still telling me its fluctuating from $2.16 to over $3 on screens. They say to not put too much faith in those yet as it is probably just a testing of the system.

Member: We may need a show on how to diversify and protect our exchanges  if we get paid Fiat?

Member: Iraq has completed WTO requirements according to articles

Member: What did the Kuwaiti dinar go for when they RV’d?

MZ: I believe it was about $3+ and fluctuating….It went up to about $9.88 within days on that crazy float…..Then it came down to the $4’s and settled in the mid $3’s where is has pretty much stayed for more than 20 years….. …It was not pegged. That is why I think we will not see the same crazy float with Iraq.  

Me Member: You think the weather is disrupting the RV? Is this their way of halting it…the rats that is

Member: At this point I don’t think there is any specific event that will trigger the RV. That’s said, given all the progress that’s been made in the past 2.5 years it makes no sense why it hadn’t happened!

MZ: I do not think a hurricane in the US will stop a RV in Iraq.

Member: Iraq is in a great position now…..They just need to do it!!

Member: Nigeria dumped the dollar.. now paying in local currency

Ember: BRICS is having big meetings this month….

Member: This upcoming weekend is a 3 day weekend for Columbus day….Maybe something will finally happen.

Member: I still believe we have to wait until after the election…..but that is only 3 weeks away now .

Member: Everyone we are praying you will be safe in the coming storm about to hit Florida….

Member: Also praying for the people in North Carolina who are still recovering from Helene….

Member: Have a very fantastic and blessed day all of you blessed people of God and be very safe everyone.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:    https://www.youtube.com/watch?v=s1AW0Qlmqms

News, Rumors and Opinions Wednesday AM 10-9-2024

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. 9 Oct. 2024

Compiled Wed. 9 Oct. 2024 12:01 am EST by Judy Byington

Possible Timing:

On 18 Oct. 2023 the US Treasury said that they were bankrupt.

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Global Currency Reset:  (Opinions/Rumors)

Tues. 8 Oct. 2024 Wolverine: “We’re home, just hold on for another day.”

Mon. 7 Oct. 2024 Wolverine: “The digital banking system in Iraq has been spreading salaries for three days. Digital banking system is working now in Iraq. The rate can change any moment from now.”

Tues. 8 Oct. 2024 Mike Bara: “On the German Bond side, “Not yet.” Still could happen today. Was also told the hold up for the last 10 years was Zimbabwe when they went to gold in 2015. We’ve been waiting for all that time for them to get their tasks done and they were “done” as of yesterday Mon. 7 Oct. 2024.

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Tues. 8 Oct. 2024 Bruce:

This next Mon. 14 Oct. is Columbus Day and we think the banks will be closed and is this that three day weekend  – but RC might well be open.

This morning we were advised that Gesara which is the International scope started this morning.

Nesara deals with the US and we heard that will be activated implemented on Sunday 13th or maybe Monday or Tuesday.

We should be getting our taxes back with the R&R and also interest on CC and bank loans and mortgages done through the banks and also the trading on all those certificates we were made to have. All of that ends up we will be getting those funds back.

For those of us exchanging at the Redemption Centers those funds would already be in your QFS account.

Wells Fargo is overseeing all the RC in the US. In Canada it is HSBC and Scotia Bank. In Mexico Santander Bank. The rest of the world is still HSBC and maybe some others in other countries.

Three sources saying we could be notified between Friday and Monday the 14th. One source is saying anytime from the 9th – 14th. Some timing depends on what happens with Hurricane Milton in Florida.

Bond Holders are going to be notified in their emails when they would receive the total amount. Those emails could come out at any time.

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Tues. 8 Oct. 2024 QFS: The New Quantum Financial System (QFS) ~ Trust The Plan! October 2024 …Julian Assange

The Quantum Financial System (QFS) is here, and it’s set to change everything. Medeea Greere brings you the latest intel, no filters, no distractions—only the truth.

The QFS, launched into space last year, has been tested and proven. Now it’s ready to roll out across the globe. Four major portals will connect the world:

US Portal: Connected with Canada, America, and all of South America. The US Note (USN) will serve as the main entry for these nations.

European Portal: Connecting Spain, Portugal, Italy, France, Germany, and other European nations, including Scandinavia.

UK Portal: Covers England, Scotland, Ireland, and Wales, linked with a Sterling Token.

Asia-Africa-Australia Portal: Links India, Pakistan, Africa, New Zealand, Australia, and the rest of Asia.

Every region will have its own local currency backed by gold reserves, and each gold reserve will be tracked with nano-engineering to prevent corruption. The deep state’s ability to manipulate assets will be blocked.

Why do you think they’re suppressing gold and silver? Because they fear what comes next. The US Dollar and Euro are now worthless, artificially propped up to prevent chaos. But the collapse is imminent, and the transformation is already happening.

BRICS nations (Brazil, Russia, India, China, South Africa) activated their portals just two days ago. The deep state is losing control, and the truth is about to shine.

The future belongs to the awake. It’s time for all patriots to unite, to trust the plan, and to prepare for what’s coming. The storm is upon us, and we are ready.

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Tues. 8 Oct. 2024: Cuba has officially applied for partner status in BRICS, marking a significant step in strengthening its ties with the influential bloc of emerging economies. The Cuban government’s interest in joining BRICS reflects its commitment to South-South cooperation and desire to forge closer ties with nations like China, Brazil, Russia, India, and South Africa.

Read full post here:  https://dinarchronicles.com/2024/10/09/restored-republic-via-a-gcr-update-as-of-october-9-2024/

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

Militia Man  Everybody knows that Iraq...said back in September of 2023...that Iraq was going to be the savior of the international financial system, bring confidence to the financial system in the largest banks in the world...They've been working on this to do what they said they were going to do.

Frank26  A lot of people unfortunately are considering this a lop...You really think they're going to take a pair of scissors and go click, click, click [cutting off zeros from the physical notes]?  What is this...it's got holes in it?  You just cut it all up...No, if they did that it's called a lop...So where does it come off of?  A [physical note] is called a currency. You're not going to take it off the bill...Iraq's exchange rate is .00076981 .  You take the decimal point and you move it over to the right three spaces because that's three zeros and this becomes $0.76 . Got it?  This is purchasing power when you change the exchange rate by lifting 3 zeros. What is the exchange rate right now in Iraq?  1320 .  When they change the exchange rate that will become internally for the Iraqi citizens 1.320

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LIVE! (Alert). FOR THE US DOLLAR AND AMERICA TIME IS QUICKLY RUNNING OUT.

Greg Mannarino:  10-8-2024

https://www.youtube.com/watch?v=kZL3N2Vz-4o

“Tidbits From TNT” Wednesday Morning 10-9-2024

TNT:

Tishwash:  The government completes the file to join “WTO”

 After the important steps and achievements made by the government in more than one file and sector, it was the turn to address the world and confirm that Iraq has become an economic power that should not be underestimated, and has all the qualifications and capabilities to join the World Trade Organization (WTO) after completing all preparations for that.

 The government headed by Prime Minister Mohammed Shia Al-Sudani has set, within its government program, a clear vision for the economic future in Iraq, which included setting timetables for achieving the liberalization process and focusing on sectors with high potential such as agriculture, industry and services, which contributes to accelerating accession to the organization.

According to the spokesman for the Ministry of Commerce, Mohammed Hanoun, to Al-Sabah, "All preparations were completed by the government team representing all ministries, which held an important meeting in Abu Dhabi headed by Minister of Commerce Athir Dawood Al-Ghariri."

He explained that "Iraq has fulfilled all the requirements for joining the organization, through a package of legislation and laws currently being discussed to reform the current legal system to be in line with the requirements and controls of the international organization, such as coordinated trade policies throughout the country, including tariff rates and customs procedures."

Experts believe that joining the organization will be a "major achievement" for the government, especially since it has great benefits, including increasing Iraqi exports and contributing to stimulating economic growth. Hanoun praised "the efforts of the Kingdom of Saudi Arabia through its team in the organization, through coordination with it, as it is the main partner in Iraq's accession to this international organization."

He stressed that "all ministries are working to ensure that the team has the information that helps it join the organization, especially since joining the World Trade Organization benefits Iraq in expanding free trade."  link

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Tishwash:  Al-Sudani stresses the importance of setting standards for partnership between the Iraq Development Fund and the private sector

 Prime Minister Mohammed Shia Al-Sudani stressed, today, Wednesday, the importance of setting standards for partnership between the Iraq Development Fund and the private sector

His media office stated in a statement received by {Al Furat News} that "the latter chaired the periodic meeting of the Board of Directors of the Iraq Development Fund, during which a number of topics and procedures related to the work of the fund were discussed, and it was agreed to proceed with signing the contract with the consulting company supervising the "Edopa" project, which aims to build schools, as part of the efforts made to fill the shortage of school buildings in Iraq." 

During the meeting, Al-Sudani stressed the "importance of cooperation with the private sector and setting clear standards for partnership between the Fund and the private sector," noting the need to rely on what will be provided by KBR, which represents the advisory side of the government. 

He also stressed the "need to coordinate with the governorates to increase the number of schools that will be established through the fund within the Iduba project."   link

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Tishwash:  The Central Bank continues the actual implementation of banking reform plans

Based on the decision of the Council of Ministers to approve the National Strategy for Bank Lending in Iraq on 8/18/2024, which was launched by the Central Bank on 5/25/2024, the Supreme Executive Committee for the Strategy began its work and held its first meeting headed by the Governor of the Central Bank, which is a clear announcement of the beginning of the actual phase of implementing its strategies for banking reform, which includes what is stated in its third strategy, the national strategy for lending, environmental and social standards, and corporate governance for banks.

And draw a clear roadmap in agreement with the global Oliver Wyman Company to start developing the banking sector. This means that it has completed the first phase of the banking reform process, which is drawing up policies, programs and standards and determining the main and sub-goals for the transition to a complete reform by achieving tangible and important results in the field of regulating foreign trade financing and regularity in the global financial system through strict adherence to international compliance standards and building solid international banking relations with global banks and correspondent banks and introducing the local currencies of countries with significant trade exchange to cash transactions in their local currencies in addition to dealing in the US dollar.

Also, activating and strengthening its procedures in the transition from a cash economy to a digital economy and cooperating with the government in expanding the use of electronic payment tools and spreading the culture of transitioning to a cashless society.

Certainly, the above tasks occupied a large part of the efforts at the local and international levels. Within the reform map led by the Central Bank with the cooperation and support of the government and the support of the Prime Minister personally, the focus will be on restructuring government and private banks in a way that does not allow the existence of troubled and unsound banks and starting to implement new policies to support and develop small, medium and large enterprises and support youth according to what was stated in the National Lending Strategy by achieving two main goals:

The first is to increase credit granted to the private sector by 4% of the non-oil GDP until 2029, equivalent to 7 trillion dinars, and the second is to increase credit to finance small, small and medium enterprises by 3% of the non-oil GDP, equivalent to 5 trillion dinars (55% of the financing gap), which contributes to operating 100,000 projects to stimulate and stimulate the economy and achieve development, in addition to starting to establish and license the Riyada Bank and license the Green Bank, which will specialize in sustainable financing of renewable energy projects, as well as moving towards licensing digital banks to keep pace with progress in the field of modern digital banking products.

The electronic platform will also be gradually withdrawn this year. One of the tasks that will begin is the rehabilitation of banks restricted from dealing in the US dollar to comply with international standards in light of the work of the joint committee between the Central Bank and the US Treasury Department, through which the work of these banks in the foreign transfer activity for previous years will also be analyzed and audited by international auditing companies, in the hope that restrictions will be lifted.

What we expect from the procedures and policies adopted by the Central Bank, what has been achieved, and what will be achieved later will be reflected in achieving economic stability by overcoming the challenges of stability in the financial and monetary system, which will contribute to the stability of the exchange rate and the recovery of the Iraqi dinar inevitably.  link

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 Mot: . Bet Ya Didn't Knows This un! -- HUH!!! 

Mot:  .. Just Love the Internet and all the Trusimisssmsss I find!! 

Seeds of Wisdom RV and Economic Updates Wednesday Morning 10-9-24

Good Morning Dinar Recaps,

TAIWAN TO TRIAL CRYPTO CUSTODY SERVICES THROUGH LOCAL BANKS IN 2025

Taiwan’s Financial Supervisory Commission reportedly plans to start collecting applications from institutions interested in trialing Bitcoin custody services in the first quarter of 2025.

Taiwan is looking to advance institutional cryptocurrency adoption as local regulators aim to pilot crypto storage services through local banks.

The Financial Supervisory Commission (FSC) of Taiwan is preparing to launch an institutional trial of crypto custody services, the local news outlet, Central News Agency, reported on Oct. 8.

While the FSC reportedly expects to start collecting applications in the first quarter of 2025, three private banks in Taiwan have already expressed interest in piloting a crypto custody business.

FSC mentions Bitcoin, Ether and Dogecoin
Citing explanatory information by the FSC, the report stated that financial institutions applying for a trial run of crypto custody in the future would have to specify the type of assets they store for clients, such as Bitcoin, Ether, or Dogecoin.

Additionally, the institutions must include information about the type of users they target, whether those are professional or general investors, crypto asset platforms or others.

FSC’s director of the comprehensive planning division, Hu Zehua, reportedly mentioned at a press conference on Monday that the authority expects to publicly release the information on the upcoming trial at least 15 days before starting accepting applications. The FSC will also be collecting public feedback on the proposed trial and revise the process accordingly.

@ Newshounds News™

Source:  CoinTelegraph

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IOTA GAINS INSTITUTIONAL TRACTION AS FIREBLOCKS ADDS EVM SUPPORT TO ITS SECURE PLATFORM

▪️Fireblocks has announced the integration of the IOTA EVM, allowing institutional investors to transfer, hold and manage IOTA tokens and tokenised assets.

▪️The institutions can also leverage the Fireblocks REST API to develop IOTA token solutions for their retail clients across DeFi, GameFi, NFTs and more.

Crypto is no longer a retail game for speculators and meme coin lovers. Today, crypto and the underlying blockchain technology underpin global applications that span dozens of industries and impact the global economy. 

This has brought on institutions and multinational corporates, and with the recent Fireblocks integration, this group can now store, transfer and manage IOTA tokens and assets tokenized on the network.

IOTA announced the Fireblocks integration this week, describing it as “a major step forward in supporting a wide range of digital asset operations.”

The New York-based Fireblocks is one of the world’s leading digital asset platforms, serving some of the world’s largest institutions and allowing them to delve into digital assets without all the associated risks. Launched in 2019, Fireblocks has facilitated over $6 trillion in digital assets and supports over 80 protocols and networks.

 It has now integrated IOTA EVM, allowing its massive network of enterprise users to transact IOTA tokens and assets on the network through its API and console.

The integration allows institutional investors to store their IOTA tokens in their Fireblocks vaults and transfer the tokens over the Fireblocks network to other investors.

 It’s not limited to institutional use, however. These institutions can launch token support for their retail customers with Fireblocks’ REST API, the base layer of the company’s SDKs that allow them to program its services and customize them for their target audience. 

They can then deploy these tokens into retail-facing applications across DeFi, NFTs, GameFi, and other marketplaces.

Toeknisation is the biggest target market for institutions, with Goldman Sachs projecting that the sector could hit $16 trillion by 2030. It also aligns with IOTA’s redefined vision, as founder Dominik Schiener explained to Crypto News Flash earlier this year in an exclusive interview.

The Fireblocks integration fits into this, allowing users to securely mint and transfer tokenised assets.

The IOTA team summed up the new integration as monumental, stating:

In conclusion, IOTA EVM’s integration into Fireblocks marks a significant milestone towards offering a top-notch ecosystem for institutional and enterprise users. The storage, transfer, and creation of tokens need to be as easy as possible, so builders can focus on their product and not have to worry about security or custody.

IOTA joins other leading blockchain networks that have announced similar integrations with Fireblocks to cater to the institutional audience. Three weeks ago, Chainlink teamed up with Fireblocks to focus on the transfer and management of stablecoins, as we reported.

@ Newshounds News™

Source:  Crypto News Flash

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🌍 BRAZIL VS. ELON MUSK  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom RV and Economic Updates Tuesday Evening 10-8-24

Good Evening Dinar Recaps,

SOUTH KOREA PLANS TO REGULATE CROSS-BORDER STABLECOIN TRANSACTIONS

South Korea’s Financial Services Commission plans to consult with other jurisdictions, including Japan and the EU, on stablecoin rules.  

South Korea’s government plans to apply foreign exchange rules to cross-border transactions involving dollar-pegged stablecoins.

On Oct. 8, the country’s Ministry of Economy and Finance reportedly announced that it was reviewing measures to ensure the soundness of stablecoin transactions.

The government agency said that apart from being used to transact and exchange within the crypto ecosystem, stablecoins are also used in cross-border transactions. This means that stablecoin’s functions expand to global transfers, which may require different rules.

Consulting with other jurisdictions
Furthermore, the Financial Services Commission (FSS), South Korea’s top financial regulator, will prioritize and discuss stablecoins in the second legislative stage of the country’s Virtual Asset User Protection Act.

The FSS reportedly plans to consult with other regulators in international jurisdictions, including Japan and the European Union. Despite the statement, the government agency did not provide a specific consultation timeline.

Stablecoin regulations will also reportedly begin with a system for issuing won-pegged tokens. This means a legal system for stablecoins pegged to South Korea’s won fiat currency will first be established and then applied to foreign currency stablecoins.

The Japanese government issued rules on stablecoins after the Terra collapse in 2022. On June 3, 2022, Japan banned stablecoin issuance by non-banking institutions. However, it lifted the ban in 2023.

Meanwhile, the EU’s Markets in Crypto-Assets Regulation came into force in June, leading crypto exchanges to delist non-compliant stablecoins.

South Korea tightens crypto regulations
South Korea recently tightened its measures by enforcing laws to protect crypto users. On July 19, its Virtual Asset Protection Act came into effect, compelling virtual asset service providers (VASPs) in the country to maintain stricter rules to protect user assets.

The laws require VASPs to take out insurance against hacks and malicious attacks. They also mandate that providers keep user assets separate from exchange tokens while keeping customer deposits in banks. The law also includes regularly reviewing token listings on exchanges.

The South Korean government will also impose severe punishments on violators. This includes jail sentences and fines of three to five times the amount of illegally acquired profits.

@ Newshounds News™

Source:  CoinTelegraph

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CANARY CAPITAL FILES FOR A SPOT XRP EXCHANGE-TRADED FUND WITH THE SEC

▪️Canary Capital’s move comes after Bitwise filed its S-1 registration statement last week.
▪️Canary Capital founder Steven McClurg said the firm is seeing “encouraging signs of a more progressive regulatory environment coupled with growing demand.”

Crypto investment firm Canary Capital filed a registration statement with the U.S. Securities and Exchange Commission for a spot  XRP exchange-traded fund, marking the second firm vying for that product this month.

The Canary XRP ETF gives investors "the opportunity to access the market for XRP through a traditional brokerage account without the potential barriers to entry or risks involved with acquiring and holding XRP directly," the firm said in an S-1 registration statement filed on Tuesday. A custodian or administrator is not yet named for the ETF.

"We're seeing encouraging signs of a more progressive regulatory environment coupled with growing demand from investors for sophisticated access to cryptocurrencies beyond Bitcoin and Ethereum–specifically investors seeking access to enterprise-grade blockchain solutions and their native tokens such as XRP," said Canary Capital founder Steven McClurg in a statement.

McClurg also previously founded Valkyrie Funds, which has other spot crypto ETFs.

Canary Capital's move comes after Bitwise filed its S-1 registration statement last week. A spot XRP ETF has not been approved by the SEC before, and if it does, it could face challenges. The SEC has been embroiled in a legal fight with Ripple after the agency accused the company of raising $1.3 billion through the sale of XRP, which it views as an unregistered security.

@ Newshounds News™

Source:  The Block

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BRAZILIAN CBDC DREX ENVISIONED TO REPLACE CURRENT TRANSACTION SYSTEM

Fabio Araujo, the coordinator of Drex, the Brazilian CBDC, envisions this network substituting the current national transaction system and moving all the funds currently settled by the Reserve Transfer System. However, he stated that this would take some time, as the cost of this migration would be significant.

Drex Coordinator Envisions Total Substitution Of Traditional Transaction Systems for Blockchain
While the current central bank digital currencies (CBDC) are commonly considered a complement to fiat currencies and conventional electronic money, some countries are eyeing the total substitution of their systems for these tools. Fabio Araujo, coordinator of Drex, the Brazilian CBDC pilot, envisions this happening at one time in the country.

While Drex is in the second phase of its pilot, Araujo believes that the technology behind it might grow to substitute the Reserve Transfer System (STR).

According to the Central Bank, the STR is considered the backbone of the Brazilian financial system, handling the settlements of monetary, foreign exchange, and capital markets, among institutions that manage accounts with the bank.

Araujo stated:

All transactions would be made within this environment. As this technology advances, all business would be done within it.

However, Araujo acknowledged this process should not be immediate, as the migration from one technology to another includes significant costs for the institution.

“I hope it takes time, because migrating the internet to blockchain is costly,” he stressed. In 2023, STR settled the equivalent of the Brazilian gross domestic product (GDP) each 2.2 days.

While this migration would also highlight the need for new regulations to deal with the new system’s processes, Araujo recognized that at first, no regulation would be issued given that it would be a new technology applied to the existent environment.

At the same time, Araujo stated that this system would not have a direct connection with the real estate records, as the bank is not interested in taking over these operations. The Drex’s objectives would be to manage and ease financial settlements only.

@ Newshounds News™

Source:  Bitcoin News  

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BRAZIL TO REVIEW ELON MUSK’S X BAN AFTER $5M FINE PAYMENT

Social media platform X could soon be restored in Brazil after paying fines, appointing a new legal representative and blocking certain user accounts at the court’s request.

Brazilian authorities could soon lift the ban on Elon Musk’s social media platform X after the company paid 28.6 million Brazilian reais (approximately $5.5 million) in fines.

According to local media reports, on Oct. 7 X cleared the latest requirement on its path to returning online. In late August, Brazil’s Supreme Federal Court suspended X for failing to comply with orders related to an investigation into the spread of misinformation in the country.

The final payment was confirmed after a series of unusual events. On Oct. 4, the funds related to the penalties imposed by Justice Alexandre de Moraes for irregularities on the social network were mistakenly deposited into the wrong bank account. Last Monday, the proceeds paid by Musk’s satellite company, Starlink, were transferred to the correct account.

The amount included the original fine for X’s lack of cooperation in court investigations and an additional 10 million Brazilian reais (about $1.9 million) for not complying with the suspension after a shift to Cloudflare’s servers unintentionally allowed some users to access the platform in September.

In the previous days, X also appointed a new legal representative in the country, as required by local regulations, and blocked the accounts of users accused of spreading fake news and misinformation about Brazil’s electoral processes and justice system.

The platform’s return to users in the country now rests with Brazil’s Attorney General, who will recommend whether or not the suspension of X in Brazil should be lifted. If X return is approved, Justice Moraes will once again review the case and issue his decision.

Justice Moraes has been investigating X since 2023 for allegedly promoting and enabling the spread of misinformation in Brazil. Musk is also under investigation for charges including obstruction of justice, involvement in a criminal organization, and incitement to crime.

The billionaire has publicly criticized Moraes’ actions, labeling them politically motivated censorship. He has accused the judge of behaving like a “dictator” by targeting political opponents through what he claims are unlawful demands for content moderation.

@ Newshounds News™

Source:  CoinTelegraph

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Relax and smile with our cute Short Youtube videos!  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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More News, Rumors and Opinions Tuesday PM 10-8-2024

KTFA:

Clare:  The Bank of Iraq extends working hours to complete money transfer transactions

10/8/2024  Baghdad - WAA

The Chairman of the Trade Bank of Iraq (TBI) directed, today, Tuesday, to extend working hours to complete money transfer transactions.

The bank's media spokesman, Aqeel Al-Shuwaili, told the Iraqi News Agency (INA): "The bank's director directed that the work of remittance employees and cashiers in all bank branches should start from 7:00 am until 3:00 pm in order to complete all transactions related to financial transfers."

He added: "Work will continue according to the above mechanism until the completion of the last transaction within the branch."    LINK

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Clare:  EXIM Bank approves $297m for Energy Project in Iraq

10/8/2024  By John Lee.

The Export-Import Bank of the United States (EXIM) has approved a $297 million final commitment in support of an energy efficiency project in Iraq.

The project will increase the availability and reliability of electricity in Iraq by generating power through waste heat.

Florida-based Stellar Energy Americas, Inc. will provide engineering, procurement, construction and other services in support of this project.

This transaction is estimated to support 600 U.S. jobs across more than half a dozen states.  LINK

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Clare:  Governor of the Central Bank of Iraq chairs a meeting on bank lending

October 08, 2024

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the first meeting of the Supreme Executive Committee for the National Strategy for Bank Lending in Iraq, formed by virtue of Diwani Order No. 51 of 2024, in the presence of the Undersecretaries of Ministries, Organizations and Concerned Authorities.

During the meeting, the importance of the role of the banking sector, government and private institutions was discussed, and their role in implementing this strategy and implementing the main axes and sub-objectives of the National Strategy for Bank Lending was defined.

His Excellency the Governor stressed that the National Strategy for Bank Lending aims to stimulate and stimulate the Iraqi economy, in addition to achieving growth in all areas, which this strategy will contribute to through the establishment and expansion of small, medium and large enterprises, stressing the importance of cooperation of the relevant authorities in the success of this task, which is a priority at the national level in providing job opportunities for young people and investing their energies and capabilities in a way that achieves economic growth in the economic sectors.

It is noteworthy that the Central Bank of Iraq launched on May 25, 2024, the National Strategy for Bank Lending in Iraq for the years 2024-2029, in the presence of a number of officials and representatives of diplomatic missions and international organizations. The axes of what was included in the strategy and the mechanisms for working on it were determined, each according to his specialization.

Central Bank of Iraq
Media Office
October 8, 2024

https://cbi.iq/news/view/2685

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

Walkingstick   [Aki Iraqi bank manager friend in U.S update] I have just been given my latest orders.  I am being told to stay close to home.  I will not be able to go to Thanksgiving...Christmas with my friends.  My orders tell me that I am to stay here in Dearborn.  The CBI bank is going to make us very busy during these holidays.  We are having a lot of Iraqi citizens coming into our banks here...They...are talking to us about the same thing you are asking us.  They found out they're going to get their HCL.  They found out about the cards.  They want to know how they're going to get their retirement money outside of Iraq.  They also what to know if they will also be able to receive the new lower notes.

SkyWalker  Removing or as Dr. Shabibi said cutting zeros, IMO is not a lop. Many are confused on what deleting zeros means. How did the inflationary zeros get on the dinar we hold?   The Saddam Swiss dinar was collected and swapped for the new dinar...Deleting the zeros is simply repeating the process by collecting three zero notes back to the banks and swapping them with lower notes.

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Soft Landing VS Economic Crash Which is More Likely?

Taylor Kenny:  10-8-2024

Is a soft landing really possible? Learn why the current economic situation may be headed for a crash, not a smooth recovery. Discover the risks tied to high debt, inflation, and Federal Reserve policies, and what you can do to protect your financial future.

CHAPTERS:

 00:00 - Soft Landing

 00:38 - Why This Time Won’t Be Different

01:46 - Fed Rate Cuts and Lagging Indicators

03:17 - Soft Landing: Historical Optimism vs Reality

 05:04 - High-Yield Savings and CDs at Risk

06:41 - Rising Inflation and Unemployment

07:50 - Why Soft Landings Are So Difficult

09:03 - How to Protect Your Wealth

https://www.youtube.com/watch?v=hrY0o-zG_KM

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 10-8-24

Good Afternoon Dinar Recaps,

CRYPTO.COM FILES SUIT AGAINST SEC AFTER GETTING WELLS NOTICE

▪️Firm warned about operating as an unregistered broker-dealer
▪️Notice is the latest in a string of enforcement actions
Good Afternoon Dinar Recaps,

Crypto.com filed a lawsuit against the US Securities and Exchange Commission after receiving a Wells Notice indicating the regulator’s intention to sue the digital-asset exchange for operating as an unregistered broker-dealer and securities clearing agency. 

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The lawsuit contends that the regulator has “unilaterally expanded its jurisdiction beyond statutory limits and separately that the SEC has established an unlawful rule that trades in nearly all crypto assets are securities transactions no matter how they are sold,” according to a statement Tuesday.

The SEC does not comment on the existence or nonexistence of a possible investigation, an agency spokesperson said.

The lawsuit contends that the regulator has “unilaterally expanded its jurisdiction beyond statutory limits and separately that the SEC has established an unlawful rule that trades in nearly all crypto assets are securities transactions no matter how they are sold,” according to a statement Tuesday.

The SEC does not comment on the existence or nonexistence of a possible investigation, an agency spokesperson said.

The notice represents the latest in a string of enforcement actions brought by the SEC against the crypto industry in recent years. Companies including Kraken, Coinbase, Consensys and Uniswap have all been targets of such notices or lawsuits in the past, with some still engaged in legal proceedings.

“The SEC’s unauthorized overreach and unlawful rulemaking regarding crypto must stop,” Crypto.com Chief Executive Officer Kris Marszalek wrote on social media platform X.

Crypto.com, which is formally named Foris DAX Inc., declined to comment further on the lawsuit. Crypto.com was founded in 2016 in Hong Kong and rebranded to Crypto.com in 2018 after a purchase of the domain. Marszalek said in an interview with Bloomberg earlier this year that its platform has more than 80 million registered users.  CRYPTO.COM 

The lawsuit seeks to prevent the SEC from “unlawfully expanding its jurisdiction to cover secondary-market sales of certain network tokens sold on Crypto.com’s platform.” CRO, Crypto.com’s token, fell 7.6%, according to data from tracker CoinGecko.

The firm’s Crypto.com Derivatives North America unit also filed a petition with the Commodities Futures Trading Commission and SEC seeking to confirm by joint interpretation that certain crypto derivative products are solely regulated by the CFTC.

“It’s not surprising to see many crypto businesses turning the tables and preemptively suing the SEC,” Michael Selig, partner at Willkie Farr & Gallagher LLP, wrote on X, commenting on Crypto.com’s lawsuit.

@ Newshounds News™

Source:  Bloomberg

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IN AN EU FIRST, TOKENIZATION FIRM MIDAS OPENS MTBILL AND MBASIS TOKENS TO RETAIL TRADERS

▪️Midas’ onchain mTBILL and mBASIS tokens will be the first such real-world asset trading vehicles available to non-accredited investors.

▪️The tokenization firm received regulatory approval from Liechtenstein’s Financial Market Authority to open these funds to retail traders.

Tokenization protocol Midas is launching what it calls the “first suite of internet-native investment products” after opening access to its onchain mTBILL and mBASIS tokens to non-accredited investors.

In short, this makes Midas’ real-world asset (RWA) tokens the only regulated crypto vehicles in Europe not subject to a minimum investment of $100,000.

“After a year-long process involving audits, a registration and notification with various European regulations, we received approval for our product offerings,” Midas co-founder Dennis Dinkelmeyer told The Block in an interview. “Today, these are the only regulatory-compliant stablecoin yield products for retail investors across Europe.”

Midas, a startup that raised $8.75 million in a round led by Framework Ventures, BlockTower and HV Capital earlier this year, runs two tokenization projects: 1.  involving U.S. Treasury bills (i.e. mTBILL) and  2.  a yield-bearing carry trade (mBASIS). Both received regulatory approval from Liechtenstein's Financial Market Authority.

The tokenization space, projected to grow into a multi-trillion dollar industry in the coming years, is currently dominated by products offering exposure to U.S. government debt. Some $2.3 billion worth of onchain T-bills has been issued to date.

Dinkelmeyer says the startup works directly with BlackRock on its mTBILL product, which has so far attracted $5 million in deposits and currently yields around 5%. The vehicle uses BlackRock’s BUIDL fund as collateral but only supports stablecoins like USDC for issuance and redemption today.

“BlackRock itself is limited to institutional investors with a min of $5 million in assets. We can target retail with our regulatory approval,” Dinkelmeyer said. “In essence, we've just digitized the same old barriers that exist in traditional finance which defeat the point of tokenization.”

The same is true for Midas’ mBASIS token, which deploys an actively managed, market-neutral trading strategy using bitcoin, ether and “top altcoins” called a basis trade. Also called a carry trade, as seen in Ethena's USDe "synthetic dollar," the strategy capitalizes on the arbitrage opportunity that opens up when futures prices exceed spot prices.

@ Newshounds News™

Source:  The Block

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XSGD, SINGAPORE’S FIRST DOLLAR-BACKED STABLECOIN, LAUNCHES ON BITSTAMP TO POWER GLOBAL CROSS-BORDER PAYMENTS

▪️Bitstamp has listed a Singapore Dollar-pegged stablecoin, XSGD, for the first time
▪️The partnership between StraitsX and Bitstamp means users can now seamlessly send and receive the SGD-backed stablecoin across borders with confidence

StraitsX, the pioneering payments infrastructure for the digital assets space in Southeast Asia, has today announced the listing of XSGD, its Singapore dollar-pegged stablecoin, on Bitstamp, the world’s longest-running cryptocurrency exchange.

This strategic partnership marks a significant step forward in enabling the mass adoption of XSGD across global markets, and sets a new benchmark for stable, efficient, and secure digital currency transactions. XSGD, backed 1:1 to the Singapore dollar (SGD) and fully backed by reserve assets, offers unparalleled transparency and stability for users in global markets.

Unlocking Global Cross-Border Payment Flows
Stablecoins like XSGD are rapidly emerging as the preferred solution for on-chain cross-border payments, providing a secure and efficient alternative to traditional financial systems.

With the listing of XSGD on Bitstamp, users can now seamlessly send and receive SGD-backed stablecoins across borders with confidence. This development addresses the demand for faster, more cost-effective global transactions, reducing the complexities of conventional financial systems.

XSGD will drive digital asset adoption and accelerate innovation in cross-border payments.

XSGD will be available via Bitstamp globally, except in US and EU countries.

“The listing of XSGD on Bitstamp is a pivotal moment in our mission to bring StraitsX’s stablecoins to the global stage. By improving liquidity and accessibility, we are enabling faster, more transparent, efficient, and cost-effective on-chain cross-border payment flows. This will transform how individuals and businesses transact internationally, unlocking new opportunities for financial inclusion and global trade,” said Jason Tay, Head of Commercial at StraitsX.

“We are excited to list XSGD, a stablecoin with immense utility across the APAC region, to our Bitstamp platform. As demand for stable, reliable digital assets continues to grow, the addition of XSGD enhances our platform’s liquidity and provides our global users with a trusted SGD-backed asset.

This further supports the widespread adoption of stablecoins for cross-border payments and other financial transactions worldwide,” said Leonard Hoh, General Manager for APAC at Bitstamp.

Driving Adoption of Stablecoins
The listing of XSGD on Bitstamp highlights StraitsX’s commitment to advancing the digital assets and payments landscape across Southeast Asia and beyond. By combining the speed, transparency, and decentralisation of digital assets with the stability of a fiat-backed asset, XSGD is positioned to drive mass adoption. This trusted and secure stablecoin offers users a reliable solution for global cross-border payments, making it a pivotal tool for the future of digital transactions.

About StraitsX
StraitsX is the pioneering payments infrastructure for the digital assets space in Southeast Asia. StraitsX is a Major Payment Institution licensed by the Monetary Authority of Singapore and offers personal and business account holders to mint and redeem StraitsX stablecoins, manage payments as well as connect their accounts to digital asset platforms. Business accounts can also access B2B API-enabled payment rails for digital asset platforms.

About Bitstamp
Bitstamp is the world’s longest-standing cryptocurrency exchange, continuously providing safe and open access to crypto since 2011.  Bitstamp provides a secure and transparent trading venue to over five million individuals and is the preferred choice for a range of institutional clients seeking a trusted partner to participate in crypto markets. Bitstamp is a sector leader in both security and compliance.

@ Newshounds News™

Source:  Crypto News Flash   

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🌍 TRUMP VS HARRIS: WHAT’S AT STAKE FOR CRYPTO’S FUTURE?  |  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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Some “BRICS New’s” Tuesday 10-8-2024

BRICS Announces 2025 Plans! What Happens to US Dollar Now?

GeoFlux:  10-7-2024

BRICS nations have announced ambitious plans for 2025, potentially reshaping the global financial landscape. Saudi Arabia's joining BRICS and allowing its dollar-oil agreement to expire marks a significant shift.

Russia's chairmanship is pushing for increased use of national currencies in trade settlements. The BRICS Bridge payment system aims to rival SWIFT, while member countries are developing their own alternatives.

Digital currencies, including CBDCs, are gaining traction. These moves could challenge the US dollar's dominance, potentially weakening its role in global trade and sanctions.

Geopolitical implications are vast, with BRICS positioning itself as an alternative to Western-led financial institutions. The expansion impacts global commodity markets, given BRICS+ countries' resource wealth.

 However, challenges remain, including maintaining BRICS unity and overcoming technical hurdles. The future likely holds a more diversified monetary landscape, affecting international trade, investments, and everyday financial transactions. While the dollar won't disappear, its supremacy may gradually erode.

https://www.youtube.com/watch?v=62JiKpZRZmM

Saudi Arabia to Adopt Petroyuan for Oil Settlements, Ditch Petrodollar?

Geopolitical Analyst:  10-8-2024

In recent months, the geopolitical landscape has witnessed tremendous shifts, particularly surrounding the BRICS bloc—comprising Brazil, Russia, India, China, and South Africa. As these nations continue their pursuit of de-dollarization, particularly in terms of global trade, one prominent player is considering a significant pivot: Saudi Arabia. With the Kingdom reportedly contemplating the adoption of the petroyuan for oil settlements, the world is poised to watch how this potential transition could reshape global economic dynamics.

For decades, the petrodollar system, which mandates that crude oil sales be conducted solely in U.S. dollars, has granted the United States considerable influence over global economic policies. This system has promoted the dollar’s status as the world’s primary reserve currency, allowing the U.S. to maintain an upper hand in international finance. However, evolving global dynamics beckon a reconsideration of this long-standing structure.

The BRICS bloc, in particular, has aggressively pursued de-dollarization, encouraging member nations and global partners to transition to using their own currencies for trade. This move challenges the U.S. dollar’s supremacy and aims to foster greater economic sovereignty for BRICS countries amidst a world increasingly wary of U.S. economic policies.

Saudi Arabia’s relationship with the BRICS bloc has been anything but straightforward. Earlier this year, despite being invited to join the 2023 BRICS expansion, the Kingdom held back from full membership. Instead, it appears to be adopting a more cautious approach while simultaneously navigating its longstanding ties with Western powers, particularly the United States.

However, recent statements from Saudi Arabia’s Minister of Industry underscore a readiness to explore new avenues of collaboration, particularly with China. The Minister noted, “We are open to trying new things,” which hints at the Kingdom’s willingness to adapt to the changing tides of international trade and finance. This sentiment aligns with rising discussions regarding the potential of using the Chinese yuan for oil settlements—a mechanism colloquially termed the “petroyuan.”

As Saudi Arabia contemplates the future of its oil settlements, the global economic order stands at a crucial crossroads. The potential shift toward the petroyuan—while still uncertain—reflects a growing trend among BRICS nations to redefine their financial relationships in a rapidly evolving world. As Riyadh continues to navigate its intricate roles of tradition and modernization, its decisions will not only impact its coffers but also pose significant questions for the future coherence of international economic structures and the longstanding dominance of the U.S. dollar.

The global economic community will be watching closely, not just for Saudi Arabia’s next move, but also for the ripples it could send through the current monetary system. Will we witness the dawn of a new era, or will the petrodollar continue to reign supreme? Only time will tell.

Watch the video below from Geopolitical Analyst for more information.

https://youtu.be/Dd9wpxr_26g

“Tidbits From TNT” Tuesday 10-8-2024

TNT:

Tishwash:  Ranked 29th out of 100 countries, Iraq raises its gold holdings to more than 152 tons

The World Gold Council announced on Tuesday that Iraq has increased its gold holdings to more than 152 tons.

According to the latest table published by the Council in September 2024, which Shafak News Agency reviewed, "Iraq ranked 29th out of 100 countries listed in the table with the largest gold reserves," indicating that "Iraq ranked third in the Arab world after Saudi Arabia and Lebanon."

He added, "Iraq increased its gold holdings to 152.6 tons, after its gold holdings were 148.3 tons, which represents 11% of its remaining reserves."

The Council also pointed out that "the United States of America is the largest country in the world with the largest gold holdings, at 8,133.5 thousand tons, followed by Germany with 3,351.5 thousand tons, then Italy with 2,814 thousand tons, while Bosnia and Herzegovina came in last with 1.5 tons."

The World Gold Council is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.  link

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Tishwash:  Ministry of Oil announces the start of exporting jet fuel

The Undersecretary of the Ministry of Oil for Refining Affairs, Hamid Younis, announced the start of aviation fuel export operations from Iraqi ports.

The Undersecretary said in a statement, "The ministry has started aviation fuel export operations at a rate of (800-1000) tons per day, from export outlets, noting that the Iraqi production of aviation fuel comes within international specifications and standards.

He pointed out that the export process is a step in the right direction, to enhance Iraq's role globally among the countries producing and exporting oil and its derivatives, in addition to that it reflects the prospects for development in the Iraqi oil industry.

He added that the export operations of oil products contribute to increasing the financial revenues achieved from the activities of the oil sector, thus supporting the national economy.  link

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TishwashRevealing the features of the 2025 budget tables

A government advisor revealed the features of the 2025 financial budget schedules.

 The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said in a press statement that "Article 77/Second of the Federal General Budget Law No. 13 of 2023, which regulates the preparation of the three-year budget, stipulates that the government shall send the budget tables for the years 2024 and 2025 to the House of Representatives for approval before the end of the previous fiscal year."

He added that "the Ministry of Finance has announced that it is in the process of preparing the general budget tables for the year 2025, in accordance with the constitutional mechanisms adopted by the aforementioned Three-Year Budget Law."

He pointed out that "based on the indicators of budget implementation over the first two years provided for by the aforementioned Law No. 13, the financial authority has the necessary administrative and financial capabilities to submit the 2025 budget tables to take their legislative path through discussion and approval in the Council of Ministers and refer them to the House of Representatives before the end of this year."

Saleh noted that "the federal general budget tables for the year 2025 will be based on the constants of Federal Budget Law No. 13 of 2024, taking into account international and regional economic conditions and their changes, ensuring that the provisions of the budget tables for the year 2025 are adapted within the available legal texts, in addition to relying on the performance of the indicators of the general budget tables for the year 2024."

He stressed that "major reconstruction projects will continue to progress in accordance with the vision of the government program to ensure the continuity of growth rates in the gross domestic product in general and the gross domestic product (non-oil) in particular."  link

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Tishash:  Federal Finance sends Kurdistan Region salaries for September, parliamentarian confirms arrival

An informed source reported on Tuesday that the Iraqi Federal Ministry of Finance will transfer the salaries due for the month of September to the employees of the Kurdistan Region from Baghdad within the next three days, indicating that they will be disbursed immediately upon arrival of the amount.

According to information obtained by Shafaq News Agency, the Financial Supervision Bureau and the Ministry of Finance in Iraq have completed the process of auditing the payrolls of Kurdistan Region employees for the month of September, and the remaining amount is expected to be transferred during this week.

The source stated that after the government in the Kurdistan Region receives the financial amounts from Baghdad, it will, in turn, in cooperation with the region’s internal revenues, begin distributing employees’ salaries.

Meanwhile, the member of the Iraqi parliament for Sulaymaniyah province, Karwan Mirwais, stated on his official Facebook page that the Iraqi Ministry of Finance had transferred an amount estimated at one trillion dinars to the Ministry of Finance of the Kurdistan Region.

According to Mirwais, this amount is allocated to pay the salaries of civil, military and security employees for the month of September.

The salary file in the Kurdistan Region is witnessing continuous tensions due to the delay in sending financial dues from Baghdad, which leads to the postponement of the distribution of salaries to employees.

Previous agreements have been reached between the Kurdistan Regional Government and the federal government to ensure the continuation of salaries, but delays in sending dues remain a constant source of concern for employees in the region.  link

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Mot:  . Rivalry at its Bestest!!! 

Mot: ... YaKnows -She Just Might Have a Good Idea!!! 

Seeds of Wisdom RV and Economic Updates Tuesday Morning 10-8-24

Good Morning Dinar Recaps,

IOTA NEWS: COULD IOTA BE THE NEXT BIG PLAYER IN THE STABLECOIN ARENA?

▪️IOTA’s decentralized technology could serve as the foundation for a compliant stablecoin.

▪️The Trade and Logistics Information Pipeline enables secure and efficient exchange of electronic trade documents.

With Europe’s Markets in Crypto-Assets (MiCA) regulations reshaping the crypto landscape, IOTA’s decentralized and scalable technology could position itself as the foundation for a new, compliant stablecoin. IOTA’s feeless and efficient framework makes it an intriguing candidate in the search for the next big player in digital assets.

The launch of MiCA marks a new dawn of regulation in the EU crypto market, which will lead to a more accountable industry. This regulation addresses issues relating to digital assets in a bid to protect the consumer and ensure the stability of the market.

With platforms like Coinbase recently delisting the non-compliant stablecoins, the regulatory change paves the way for new entrants. Could IOTA fill this gap?

IOTA’s Tangle technology enables feeless, instant, and scalable transactions, which will be suitable for a stablecoin designed to function under the MiCA regulation. Such a network is capable of processing many transactions without congesting the network or incurring any costs, which could position it as a stablecoin giant.

How IOTA’s Technology Could Drive Stablecoin Efficiency
At the core of IOTA’s ecosystem is its Trade and Logistics Information Pipeline (TLIP). This decentralized platform is already responsible for securing global trade through the exchange of immutable data. The same principles could be applied to a stablecoin to guarantee the stability, openness, and effectiveness of digital transactions.

TLIP has played a big role in expanding the footprint of IOTA in the African region, especially in the trade industry. The system enables participants to exchange electronic trade documents including export declarations and airway bills safely and effectively.

The TLIP model demonstrates that IOTA can cut costs by half and make cross-border transactions up to 80% cheaper. This can mean huge savings in the stablecoin ecosystem and could be useful for industries looking for effective yet cheap financial tools.

Could IOTA’s Stablecoin Revolutionize Global Trade?
A MiCA-compliant stablecoin issued on the IOTA network could transform the world’s payments system through secure and efficient transactions.

Similarly, TLIP enhances the visibility and effectiveness of logistics, and stablecoin could enhance cross-border payments through quicker and more transparent systems. IOTA’s decentralized approach, coupled with MiCA’s legal certainty, sets the stage for the creation of a safe and sustainable stablecoin.

Collaborations with organizations like Tide Protocol have been instrumental in developing the IOTA EVM ecosystem and providing key technological advancements.  

Furthermore, the collaborations between IOTA and Digimarc, as well as IOTA and Agro2Circular, implement environmental stewardship by mitigating agricultural plastic waste using the DPP.

In addition, IOTA has partnered with the European Commission to develop a new IPR management system that applies DLT, NFTs, and smart contracts. It is worth noting IOTA’s Total Value Locked (TVL) recently surpassed $5 million.

@ Newshounds News™

Source:  Crypto News Flash

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U.S. GOVERNMENT SET TO AUCTION $4.4 BILLION IN BITCOIN AFTER MAJOR LEGAL WIN!

The U.S. Supreme Court has put an end to the legal battle over 69,370 Bitcoin that were seized from the Silk Road dark web marketplace. These BTC are worth around $4.4 billion.

By refusing to accept the case, the Court opened the way for the U.S. government to sell these bitcoin. Let’s explore what happened and what to expect next.

Battle Born’s Claim Falls Short
The legal tussle centered around a claim from Battle Born Investments, a company that argued it had legitimate rights to the seized Bitcoin. They built their case on the idea that they acquired the assets through a bankruptcy estate tied to a man named Raymond Ngan.

Battle Born believed that Ngan was the infamous “Individual X,” a hacker who had stolen Bitcoin from Silk Road before surrendering the stolen funds to the authorities. However, the federal and appellate courts dismissed these claims.

The Dark Web and the Bitcoin Connection
To help you understand the significance of this matter, let’s share a summary of this 2013 Silk Road case. Ross Ulbricht founded the SIlk Road platform in 2011 which was infamous as a hub for illegal activities.

The Tor network hosted the website, where people could buy anything illegal, from drugs to weapons, by paying in Bitcoin.  At its peak, the Silk Road had millions of dollars in transactions. In 2013, the FBI shut down the marketplace and arrested Ulbricht.

The seized Bitcoin, tied to transactions on the platform, remained with the government, leading to this moment. Adding another twist to the tale, the IRS later traced several btc transactions to “Individual X,” the hacker who stole Bitcoin from Silk Road before authorities shut it down.

 The U.S. government eventually seized those funds in what has become the largest cryptocurrency seizure to date.

What’s Next for the Seized Bitcoin?
Now that the Supreme Court has refused to hear the case, the U.S. government can sell the seized BTC. The U.S. Marshals Service would be overseeing the sale. 

Some of the funds have already been moved to Coinbase Prime. Looks like they are ready to auction the bitcoin. This sale can bring broader implications not just for the crypto market but for the U.S. political environment.

During the Bitcoin Conference 2024 at Nashville, Presidential candidate Donald Trump has shared his plans regarding these seized Bitcoin. He shared his idea to use the seized btc to create a “strategic bitcoin reserve” for the U.S. He suggested the current administration to hold bitcoin instead of selling it like the German government.

@ Newshounds News™

Source:  Coinpedia

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RIPPLE XRP HOLDERS THEY WANT TO END THE MIDDLE CLASS - SHOCKING UPDATE  |  Youtube

@ Newshounds News™  

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🌍 WHICH COUNTRIES ARE WINNING THE CRYPTO RACE? | Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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News, Rumors and Opinions Tuesday AM 10-8-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 8 Oct. 2024

Compiled Tues. 8 Oct. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 7 Oct. 2024 Wolverine: The digital banking system in Iraq has been spreading salaries for three days. Digital banking system is working now in Iraq. The rate can change any moment from now.

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Global Financial Crisis:

BRICS US Banks Face $500B in Losses as De-Dollarization Grows.While the BRICS alliance is strengthening its banking system, the US seems to be on a downhill. In the last three years alone, 15 US banks collapsed renewing fears of financial instability across the country. The BRICS bloc has pushed de-dollarization efforts especially since it expanded its numbers. Now, the pressure is mounting on the US dollar, as the country’s banks face over $500 billion in unrealized losses, according to a new report.

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Possible Timing:  (Rumors)

Mon. 7 Oct. 2024: BQQQQQQQM! It’s Over: Blackout Confirmed, Phase 1 Now Active—Cyber Attack Released! … (JFK Jr.) on Telegram

The Blackout is Real: Phase 1 Activated. We’re no longer talking about hypothetical scenarios or temporary inconveniences. The first phase of a coordinated plan has commenced, targeting our digital and financial infrastructure. This isn’t just about losing internet access or experiencing a power outage; it’s a calculated strike designed to dismantle economies and instigate widespread chaos. Imagine waking up to find your bank accounts frozen, your digital wealth erased, and your communication lines severed. This isn’t a dystopian novel; it’s our harsh new reality.

The financial systems we rely on are hanging by a thread. The blackout is not a passing storm but the opening salvo in a larger strategy aimed at causing irreparable damage. This cyber onslaught, driven by forces that thrive on disruption, is not just a possibility-it’s an inevitability. It will leave us in the dark, both literally and metaphorically, as the very foundations of our society are shaken to the core.

The Gathering Storm has been brewing for some time now. Warnings have echoed from every corner, but the masses have been sleepwalking into the abyss. The clock is ticking, and the countdown to catastrophe has begun. What’s coming is a global reset-an unprecedented financial and societal upheaval. This isn’t just a drill; it’s an all-out assault on the systems we once took for granted.

A Modern-Day Black Tuesday looms on the horizon. The specter of a stock market crash, much like the infamous Black Tuesday of 1929, casts a long shadow over our current financial landscape. History’s chilling images of people jumping from windows in desperation during the Great Depression are no longer just historical anecdotes; they’re a potential reality. The question isn’t if the market will collapse, but when-and when it does, it will be swift and devastating.

The alarms have been ringing for years: “Get your money out of the banks.” Yet complacency has led us to the edge of this precipice. Now, with the blackout in full swing, the warnings have turned into grim prophecies. The last 48 hours have been a whirlwind of panic, with whispers of impending doom-“s*****e week,” some are calling it-echoing through the halls of power. The parallels to October 29, 1929, are stark and terrifying.

The financial collapse won’t be a gradual decline; it will be a sudden, all-consuming inferno. Banks will freeze assets, markets will crash, and the global economy will descend into chaos. For those unprepared, it will be too late to act once the doors are locked and the ATMs are emptied. The time to prepare is now.

The Big Spitball has been thrown, and there’s no turning back. This isn’t just a warning s**t; it’s the beginning of the end. Those who have ignored the signs and clung to the illusion of digital wealth will find themselves trapped in a system designed to fail them. The blackout is more than a loss of power-it’s a strategic move to reset the global order.

The Global Reset is coming. What was once dismissed as conspiracy theory is now unfolding in real-time. This reset isn’t about fixing the broken system; it’s about tearing it down and building a new one from scratch. A black swan event-a catastrophic, game-changing occurrence-will trigger this reset, likely in the form of a massive cyber attack. Digital wealth will be erased, and only tangible assets like cash, gold, and silver will hold value in the new financial order.

The Phoenix will rise from the ashes of this collapse, but only a select few will survive. This isn’t about fairness or justice; it’s about survival of the fittest. Those who have prepared, who understood the need for liquidity and physical wealth, will emerge from the chaos. The future belongs to those who foresaw the collapse and acted accordingly.

Read full post here:  https://dinarchronicles.com/2024/10/08/restored-republic-via-a-gcr-update-as-of-october-8-2024/

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

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:
They are telling us deleting zeros and enhancing value.  We never heard this before.  FRANK26:  This is extremely impressive in the way the monetary reform is coming to you faster.   We predicted this.  It's good to see it happening.

Breitling  What was it I was looking at very specifically in Iraq that gave me confidence that they were going to add value to their currency, outside of them just saying that's what they're going to do, Out side of it being an artificially inflation because the inflation was created by the amount of dinar they would print and mint And outside of their US dollar accounts, remember their oil is sold in US dollars and those funds are held in a federal bank in New York City?  So what was it that gave me confidence...?  ...My whole thing is trade and trade routes...You follow the trade routes, you follow where the wealth is at or potential wealth coming down the road.  That's what I was watching.  You had trade coming down from India and going through Iraq...Iraq up to Turkey and Turkey to the European markets.  That's what I had confidence in.  I knew that.  They had to put it together...

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Economist Reveals Trigger For 'World Depression' | Steve Hanke

David Lin:  10-8-2024

Steve Hanke, Professor of Applied Economics at Johns Hopkins University, discusses the labor market, oil spike, geopolitical tensions in the Middle East, China's stimulus package, and U.S. Presidential election odds.

0:00 – Intro

 0:30 - Latest jobs report

6:23 - Wages and inflation

7:47 - Trump and labor market

10:50 - Immigration and economic impact

13:35 - Government jobs added

16:46 - Government spending as % of GDP

18:25 - China stimulus

 23:00 - Oil and geopolitical tensions

27:15 - This would cause 'world depression'

https://www.youtube.com/watch?v=P_jARjj96-I