Thank you to all the subscribers to our Early Access program…we thank you for your continued support.

We are excited to offer this new service to keep you informed and up-to-date on the latest Dinar and currency news.

DINARRECAPS8 11/9/24 DINARRECAPS8 11/9/24

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 11-9-24

Good Afternoon Dinar Recaps,

TETHER COMPLETES FIRST MIDDLE EAST CRUDE OIL TRANSACTION

Tether has finalized its first funding transaction in a Middle East crude oil investment, expanding the crypto company’s ventures beyond its flagship digital assets product.

The investment involves a major publicly traded oil company and a leading commodity trader, aiming to facilitate the loading and transportation of over 670,000 barrels of crude oil.

Good Afternoon Dinar Recaps,

According to the announcement on Nov. 8, the Tether stablecoin issuer’s investment arm completed the transaction in October 2024. The total value of the Middle Eastern crude oil is approximately $45 million, marking Tether’s initial entry into the crude oil business in the region.

It also highlights the crypto company’s growing traction in commodities trading across the world.

“This transaction marks the beginning, as we look to support a broader range of commodities and industries, fostering greater inclusivity and innovation in global finance,” said Paolo Ardoino, chief executive officer of Tether.

Tether’s Trade Finance unit, which launched earlier this year, has experienced significant growth as the company targets opportunities in the $10 trillion trade finance market.

Notably, while this new venture is part of Tether Investments’ broader portfolio, it is not connected to the platform’s USDT stablecoin reserves.

Tether stated that this investment is part of its expansion strategy, which also includes involvement in artificial intelligence, education, renewable energy, Bitcoin mining, and telecommunications.

The company recently revealed it hit $7.7 billion in nine-month profits for 2024, with the third quarter attestation report also highlighting over $102 billion in U.S. Treasury holdings.

While the USDT circulation reached nearly $120 billion in the quarter, Tether said it held over $6 billion in extra reserves.

@ Newshounds News™

Source: Crypto News

~~~~~~~~~

AUSTRALIA TO TRIAL WHOLESALE CBDC FOR ASSET TOKENIZATION IN 2025. INVITES PARTICIPANTS

The Reserve Bank of Australia (RBA) has launched a consultation on wholesale CBDC and asset tokenization with the Digital Finance Cooperative Research Centre (DFCRC), with a deadline for responses of December 11.

It is inviting industry members to provide feedback and take part in trials for wholesale tokenization use cases in 2025 as part of Project Acacia. They may also want to join the industry advisory group.

Apart from a wholesale CBDC, Project Acacia will explore the use of private forms of digital money, including tokenized deposits.

Previous RBA and DFCRC CBDC experiments covered both wholesale and retail CBDC where the CBDC was issued on a central bank controlled infrastructure. In the latest trials, the central bank will consider issuing a pilot wCBDC onto third party blockchain networks, in a similar manner to Switzerland’s Project Helvetia.

RBA assistant Governor Brad Jones said the aim is to “examine how innovation in wholesale markets could be enabled by new forms of digital money and supporting infrastructure.

The role that tokenised asset markets could play in improving the efficiency and resilience of wholesale payments and settlements, and in enhancing cross-border payments, are areas of particular interest.”

However, the current phase of Project Acacia will focus on domestic wholesale settlement.

Settlement options with digital money
The two organizations have already completed the first phase of Project Acacia, which involved desktop research regarding different settlement options.

It considered five different forms of settlement assets, including:

▪️existing central bank money (Exchange Settlement Accounts or ESAs)
▪️wholesale CBDC (wCBDC)
▪️deposit tokens
▪️reserve-backed digital currency (RBDC)
▪️fiat-backed stablecoins.

Deposit tokens are tokenized versions of commercial bank money. RBDC is tokenized money backed by a pooled or omnibus central bank account (similar to Fnality).

A key feature of tokenized deposits is they involve two steps because the seller (recipient) may not bank at the same bank as the buyer (payer). Hence, there’s a transfer of the bank token from buyer to seller and then the two banks need to settle up with each other. The RBA referred to this settling up process as the interchange mechanism.

Hence, in reviewing settlement options it considered whether the settlement asset is on the same platform or not, the different types of settlement assets, and the interchange mechanism. If the settlement asset is on a separate platform there’s a need for synchronization to ensure the transaction status on the tokenized money DLT matches the tokenized asset platform.

This synchronization without a wCBDC is similar to the European Central Bank wholesale DLT experiments with Germany’s Trigger solution and Italy’s TIPS Hashlink offering. The RBA gave the nod to the Bank of England’s ‘synchronisation’ capability as part of its RTGS renewal program.

Five potential settlement models were selected from the research, involving tokenized deposits and / or wCBDC. Stablecoins are not included. There is no intention to select just one model, because the RBA and DFCRC believe different models will be suitable for different markets.

Digital currency and wCBDC trade offs
The research highlighted some of the tradeoffs with different models. For example, if a wCBDC is issued onto a third party platform, it can support atomic settlement and composability, which could offer economic benefits such as efficiencies, risk reduction and new business models.

However, that would require the central bank to change its role to just being the issuer, reducing its ability to manage and monitor balances.

Alternatively, using existing central bank reserves for settlement would involve more incremental changes for both the central bank and market participants. However, it would forego some of the economic benefits of atomic settlement and composability. The central bank is keen to understand these tradeoffs in greater detail.

Meanwhile, Project Acacia will also involve three other agencies, the Australian Securities and Investments Commission (ASIC), the Australian Prudential Regulation Authority (APRA) and the Treasury. The project may trigger potential regulatory changes which could be tests as part of ASIC’s sandbox framework.

@ Newshounds News™

Source: Ledger Insights

~~~~~~~~~

🌱WHAT DO THE NEW CHANGES MEAN? DID YA CATCH THE INTEL? EXCITING GOOD FACTS. | Youtube

Did you miss the Live Constitution call last night with Mason and Jim? Here is the Replay with many questions and comments from our members. Listen and share.

@ Newshounds News™

Source: Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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DINARRECAPS8 11/9/24 DINARRECAPS8 11/9/24

7 Red Flags That Will Help You Avoid Financial Scammers

August 20, 2024 Written by Cynthia Measom Money / Financial Planning

You can’t be too protective of your money and personal information. Financial scams are running rampant.

According to our recent “Keep Your Money Safe” survey, when victims of financial scams were asked what type of scam they had experienced, 27% said they had been the victim of phone scams (robocalls, texts, false impersonators, bots).

Additionally, 11% said they were victims of money transfer or mobile payment service scams — 20% on Cash App and 17% on PayPal. Online shopping and phishing scams were also common, with 25% of respondents claiming to have been scammed on Facebook and 13% on Instagram.

7 Red Flags That Will Help You Avoid Financial Scammers

August 20, 2024 Written by Cynthia Measom Money / Financial Planning

You can’t be too protective of your money and personal information. Financial scams are running rampant.

Here are the red flags you should look for to help you avoid financial scammers.

Unknown Sender

Approximately 34% of respondents to the GOBankingRates survey said that receiving communication from an unknown sender is what tips them off most regarding a potential scam.

Todd Redding, founder of Probity Investigations, said that scammers often initiate contact through unexpected emails, phone calls or messages.

“These unsolicited communications frequently request personal information or prompt urgent actions,” he said. “It is crucial to be cautious when receiving such contact, especially if it comes from unknown sources. Always verify the authenticity of the sender or caller before providing any personal details.”

Misspelled Words or Bad Grammar

Receiving communication that is written poorly or contains bad grammar is another red flag that 14% of respondents said tips them off to a scam.

Ryan McEachron, a security and risk management expert and CEO of ISU Insurance Service ARMAC Agency, said that unprofessional communication with typos, grammar issues or an inconsistent story indicates a scam.

“Legitimate companies have skilled communicators and consistent, transparent messaging,” he explained. “If something seems too good to be true, it probably is. Trust your instincts — if an offer makes you feel uncertain or uncomfortable, pass on it.”

Approximately 12% of survey respondents cited a strange email address or phone number as a tip that something is amiss.

Mark Shyani, lawyer and managing attorney at Pacific Attorney Group, said that he’s seen many red flags, but one that stands out to him is the “referral from trusted source” scam.

“In this scam, criminals pretend to be someone you know — often an esteemed colleague or long-time client — who wants to send a client or opportunity your way,” he said. “They do this because they understand that people are more likely to take notice of referrals made by people they trust.”

Shyani continued, “Once, when I was running my practice, I got an email, apparently from a prominent lawyer who was referring a big case to me. It looked legitimate; everything about it mirrored this attorney’s typical messages, right down to the sign-off. However, certain things seemed slightly off: The email address had been changed subtly, and the sender requested an upfront ‘referral fee,’ which struck me as strange.”

He concluded, “This scam’s ability to exploit preexisting trust and professional relationships makes it so dangerous. To avoid being duped by it yourself, make sure you cross-check every referral with your trusted source directly using other means of communication (like calling them on the phone) before taking action.”

Requests for Specific Information or Specific Amounts of Money

Around 9% of survey respondents said that if someone requested specific information or specific amounts of money, they would suspect a scam.

TO READ MORE: LINK

Dinar Recaps 20 11/9/24 Dinar Recaps 20 11/9/24

“Tidbits From TNT” Saturday 11-9-2024

TNT:

Tishwash: Finance: Next week, applications for purchasing government bonds will end

The Public Debt Department of the Ministry of Finance announced that the application period for purchasing government achievement bonds (third issue) is approaching the end of the official working day on Wednesday, 11/13/2024.

The department called on citizens, businessmen and companies to seize this investment opportunity with rewarding returns link

TNT:

Tishwash: Finance: Next week, applications for purchasing government bonds will end

The department called on citizens, businessmen and companies to seize this investment opportunity with rewarding returns link

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Tishwash: Halal” shares without interest start at $100.. The first company to enter Mosul (video)

And receive profits via Zain Cash and FIB

Cultural Group (Mosul)

“Planet of Profit” company manager Harem Ribwar says that it is the first officially registered company to enter Mosul and provide training services for those wishing to trade stocks on global stock exchanges, in addition to providing brokerage services. Ribwar talks about two types of subscriptions, the first starting at $100 for beginners, and the second at $50,000 for professionals, with “completely Islamic and interest-free” services.

The company opened its branch in Mosul in the Cultural Group area on the left side, and works on mediation between the investor and the stock exchange. Today, it has 5 other branches in Kirkuk, Diyala, Erbil, Dohuk, and Sulaymaniyah before opening the sixth branch in Nineveh, while it plans to reach Baghdad and Basra.

Harem Ribwar - Director of Kawkab Al-Rabh Company in Iraq:

Our company is a broker in the financial markets and is licensed by the Central Bank of Iraq and the Ministry of Trade, where it works as a shareholder with the global company ax finanials limited, registered in Wales.

Our main business is to mediate between clients or investors and global markets, we are the first company to bring electronic trading technology to Iraq, and one of our goals in the country is to change investment to a new and correct path.

We are the first official company to enter Nineveh, and we want to contribute to rebuilding Umm Al-Rabi’een and contribute to employing workers.

We have an academy for teaching trading, and we will hold workshops and training in this field for those who wish, and we will bring the best trainers in the field of trading in the financial markets.

We have a “standard” deposit of at least $100, and a “premium” deposit of at least $50,000. All our accounts are Islamic, meaning they are free of interest, and we take the commission from the bank, not the investor.

We established the company last April and opened the first branch in Kirkuk, the second branch in Erbil, then Diyala and Dohuk, and soon in Najaf, Basra, and Baghdad.

The Nineveh branch staff consists of 10 people with scientific specializations, graduates of management and economics, and software engineers. We grant agencies to our employees or investors, through which they can bring customers and take their commission on each customer, which is 50% of the profits.

We have deposits and withdrawals, which are done at our branches, and delivery and receipt are done through Zain Cash and the Iraqi Digital Bank FIB. link

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Prime Minister: We adhered to the goal of completing the Greater Faw as the gateway to greater Iraq

Prime Minister Mohammed Shia Al-Sudani sponsored, today, Thursday, the ceremony of receiving the five berths of the Grand Faw Port in Basra Governorate, and their entry into actual operation, after they were completed by the implementing Korean company.

Al-Sudani stressed in a statement issued by his media office that the five docks represent the backbone of the Faw Port, while pointing out that the development road will be an artery linking most of the countries in the region.

He explained that “this project has actually entered into the knots and paths of global trade and transport routes, which pass through the Middle East region, which has great strategic importance for global trade. It is considered the most prominent water basin in the world, where energy, trade, communication and exchange activities are concentrated in all their forms. It will also contribute to transforming Iraq from a country in need of other people’s ports, into a maritime country with a complete view of the Gulf.”

He added that “development and economic transformation are an integrated approach that meets the country’s needs and the vital economic levers it lacks for Iraq to connect with international trade,” noting that “Iraq was and still is a fundamental pillar in the global economy and a historical part and passage of the most important international exchange routes,” noting that “the development path will link, starting from the Grand Faw Port, the economies of most countries in the region and will be an outlet for achieving economic integration.”

He added that "the Council of Ministers supported the Ministry of Transport's procedures to rehabilitate railways on the development road tracks, or those that serve the road within a plan connected in its links," indicating that "new railway projects were included in the investment plan and financial allocations were allocated for them."

He said, “We adhered to the goal of completing the project, as it is a gateway to Iraq’s largest project, the path to development, and the main nerve in the government’s vision to maximize non-oil revenues, along with the industrial cities that will be established alongside the two projects.”

Al-Sudani added, “The General Company for Iraqi Ports has made significant progress in drawing up the correct policy for managing the Grand Faw Port, in addition to introducing major operators in the world, and the most appropriate and attractive economic model for trade exchange will be chosen.” link

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

Mot: . LOL -- Me too!!!

Mot: ....... This is not going to end well.

DINARRECAPS8 11/9/24 DINARRECAPS8 11/9/24

Seeds of Wisdom RV and Economic Updates Saturday Morning 11-9-24

Good Morning Dinar Recaps,

SWISS BANK UBS TESTS BLOCKCHAIN FOR CROSS-BORDER PAYMENTS WITH DIGITAL CASH

UBS has successfully piloted its blockchain-based payment system to enhance the efficiency of cross-border transactions.

Multinational investment giant UBS has completed a pilot of its blockchain-based payment system dubbed “UBS Digital Cash,” aimed at improving the efficiency of cross-border transactions.

Good Morning Dinar Recaps,

SWISS BANK UBS TESTS BLOCKCHAIN FOR CROSS-BORDER PAYMENTS WITH DIGITAL CASH

UBS has successfully piloted its blockchain-based payment system to enhance the efficiency of cross-border transactions.

Multinational investment giant UBS has completed a pilot of its blockchain-based payment system dubbed “UBS Digital Cash,” aimed at improving the efficiency of cross-border transactions.

In a Nov. 7 press release, the Zurich-headquartered bank said the trial, which involved multinational clients and banks, included both domestic payments within Switzerland and cross-border transactions in U.S. dollars, Swiss francs, euros, and Chinese yuan.

The system uses a private blockchain network called “UBD Digital Cash,” accessible only to permissioned clients, with transactions settled through smart contracts that automatically execute once predefined conditions are met.

“Blockchain-based payment solutions for cross-border payments are a strategic focus for UBS.” ~ Andy Kollegger, head of UBS Institutional & Multinational Banking

Commenting on the milestone, Xiaonan Zou, UBS head digital assets says the bank considers the interoperability between UBS Digital Cash and other digital cash initiatives as “key for the financial industry.”

The latest initiative complements UBS’s involvement in a wide range of market initiatives, the bank says, referring to the Swiss National Bank-led project Helvetia for real wholesale Swiss franc Central Bank Digital Currency, as well as the Agorá project, led by the Bank for International Settlements.

The pilot comes shortly after UBS launched its first tokenized investment fund on Ethereum, the UBS USD Money Market Investment Fund Token, targeted at authorized distribution partners in Singapore.

@ Newshounds News™

Source: Crypto News

~~~~~~~~~

XRP NEWS TODAY: RIPPLE PLANS DIRHAM-BACKED STABLECOIN LAUNCH IN UAE

▪️Ripple’s Dirham-Backed Stablecoin: Ripple plans a UAE launch, benefiting from clear regulations.

▪️RLUSD Speculation: Ripple’s potential US dollar-backed stablecoin stirs interest.

▪️XRP Price Stability: XRP remains steady amid stablecoin developments.

Ripple is generating buzz about a possible Dirham-backed stablecoin launch in the UAE, coinciding with discussions around its upcoming RLUSD. The firm recently praised the UAE’s progressive digital asset regulatory framework, which encourages blockchain innovation and stablecoin integration.

Ripple has maintained a strong presence in the Middle East, with notable partnerships such as the National Bank of Abu Dhabi’s adoption of its payment solutions.

With the UAE’s regulatory clarity, a Dirham-backed stablecoin would align with Ripple’s goal to support secure and efficient digital transactions.

By tapping the UAE market for its stablecoin Ripple is surely making a big affair in the crypto business.

Clear Regulations Fuel UAE’s Blockchain Ambitions
The UAE Central Bank has introduced a solid regulatory framework that supports stablecoin use in virtual asset transactions, including Dirham-backed coins.

Ripple has pointed out that this clarity positions the UAE as a leader in digital finance, creating an environment conducive to stablecoin adoption. For businesses in the UAE, a Dirham-backed stablecoin could provide a faster, more cost-effective solution for cross-border payments, making it an attractive option for financial institutions.

RLUSD and US Dollar Speculation: What’s Next for Ripple?
In the U.S., attention is now on Ripple’s potential release of the US dollar-backed stablecoin, RLUSD. Speculation is growing, especially with the possibility of Donald Trump winning the 2024 presidential election. A Trump presidency could bring clearer regulations, potentially accelerating the launch of RLUSD.

Recently, Ripple moved 294,000 RLUSD tokens, fueling curiosity about the timing of the release. CEO Brad Garlinghouse and industry experts are optimistic about RLUSD, seeing it as a key driver for cross-border payments and digital banking.

@ Newshounds News™

Read more: CoinPedia

~~~~~~~~~

🌱THIS IS HUGE! BIG NEWS IN THE FOOD WORLD AND FOR HOMESTEADERS THAT GROW FOOD! | Youtube

@ Newshounds News™

Source: Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

🌱WHAT DO THE NEW CHANGES MEAN? DID YA CATCH THE INTEL? EXCITING GOOD FACTS. | Youtube

Did you miss the Live Constitution call last night with Mason and Jim? Here is the Replay with many questions and comments from our members. Listen and share.

@ Newshounds News™

Source: Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Newshound's News Telegram Room Link

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Dinar Recaps 20 11/9/24 Dinar Recaps 20 11/9/24

News, Rumors and Opinions Saturday AM 11-9-2024

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 Sat. 9 Nov. 2024

Compiled Sat. 9 Nov. 2024 12:01 am EST by Judy Byington

Fri. 8 Nov. EBS: The Moment We’ve Been Waiting For. …The 17th Letter (JFK Jr.) on Telegram:

After the 10 days of darkness, we will reconnect to a new quantum internet. The old systems of government, education, finance, health, and commerce? Gone. A new age is coming. GESARA/NESARA activated.

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 Sat. 9 Nov. 2024

Compiled Sat. 9 Nov. 2024 12:01 am EST by Judy Byington

Fri. 8 Nov. EBS: The Moment We’ve Been Waiting For. …The 17th Letter (JFK Jr.) on Telegram:

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

Global Currency Reset:

Fri. 8 Nov. 2024 Wolverine: “People write and ask questions like is this a scam? No. It’s not. I’ve seen the Whales contracts. I know a billionaire who’s the biggest Paymaster in the World and has his own law firm. He wouldn’t be fooling around with this if it weren’t true. Everyone’s saying that by Tues.12 Nov. we should have a shotgun start. Everything is going at once. The bankers had a meeting and said that Zurich has already started. The codes were locked in a couple of days ago. Remember Tues. 12 Nov. is when we expect things to roll.”

Thurs. 7 Nov. 2024 Bruce: Tier4b (us, the Internet Group) should receive notification to set appointments over the weekend. Exchanges should start on Tues. 12 Nov.

Fri. 8 Nov. 2024: Declassification of Information: NESARA GESARA, White Hats, Quantum Financial System (QFS), Banking Cartels, Brunson Brothers, and Empowerment of the People! – amg-news.com – American Media Group

Fri. 8 Nov. 2024: MILITARY INTEL! Global Strategic Impact: Starlink’s Military Applications, RVs &GESARA, and the Quantum Financial System – amg-news.com – American Media Group

~~~~~~~~~~~

Thurs. 7 Nov. 2024: Federal Reserve Chairman Jerome Powell says he is REFUSING to resign if Trump asks him to. Ok, tough guy…You don’t have to leave, but Trump will just SHUT DOWN THE FED on day one and you will be without a job. How about that?! …The Patriot Voice on Telegram

First off, the Federal Reserve IS NOT A US GOVERNMENT AGENCY. It is a FOREIGN Central Bank that was installed without concern of the American people as a way to siphon any REAL WEALTH (Gold) into the hands of offshore Globalists. They wanted to keep us in perpetual debt slavery FOREVER.

They are actually operating UNCONSTITUTIONALLY on US soil since their inception in 1913 when Wilson passed the act after it was written in secrecy on Jekyll Island along with the IRS which is the enforcement arm of the Fed.

BOTH NEED TO BE ABOLISHED so that America can return to REAL PROSPERITY.

Read full post here: https://dinarchronicles.com/2024/11/09/restored-republic-via-a-gcr-update-as-of-november-9-2024/

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

Frank26 [Iraq boots-on-the-ground report] FIREFLY:Alaq is on television calling for the price of oil in the budget to be adjusted to $40. It's currently at $70. The only reason we see this happening is Alaq knows there is going to be a rate change... FRANK: That's right, because of a new exchange rate that is coming and because of the oil that will be used in 2025 with the new exchange rate.

PompeyPeter Where are we? The have not seen the budget. But we have seen something very interesting that encourages me now to talk about the budget. [a new] article is an absolute doozy as far as I'm concerned because it's telling us quite a lot. It's telling us that Sunday the 10th of November is...Cultural Day when Iraq thinks about its great thinkers, feats of engineering, its natural beauty, its wonders and its historic wealth...this great nation which was the foundation for much in the world. This celebration is on Sunday. They moved it forward from its traditional date of...the 18th. They're saying they moved it because of the census...They moved it. They moved it forward to Sunday.

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LIVE! (BEWARE).THE CURRENT LIQUIDITY CRISIS WILL GET MUCH WORSE FROM HERE WITH NO WAY OUT.

Greg Mannarino: 11-8-2024

https://www.youtube.com/watch?v=D7viquYTndc

Goldman Sends Warning: "Collapse Is Coming" Prepare For Huge Market Crash Sell Off

Atlantis Report: 11-7-2024

The recent warning issued by Goldman Sachs about a potential market crash has sent shockwaves through Wall Street and global markets.

Goldman Sachs's analysts have sounded the alarm, urging investors to brace for a massive sell-off that could decimate portfolios and erode trillions in market capitalization.

The warning from Goldman Sachs carries significant weight, as the firm is renowned for its market-moving predictions and unparalleled insights into the intricacies of the global financial landscape. With a reputation for being at the forefront of economic analysis, Goldman's alarming forecast has left investors scrambling to prepare for the potential fallout.

Today, we will analyze Goldman's warnings and the potential consequences of a market collapse.

https://www.youtube.com/watch?v=pQaU7vtL0-4

Dinar Recaps 20 11/8/24 Dinar Recaps 20 11/8/24

IRS Tax Code Updates 2024/25 What You Need to Know!

IRS Tax Code Updates 2024/25 What You Need to Know!

Edu Matrix: 11-8-2024

IRS Tax Code Updates 2024 25 What You Need to Know -The IRS announced over 60 major tax changes 2025 that could impact your tax savings and expenses!

From higher standard deductions and adjusted tax brackets to increased health and commuter benefits, these updates are designed to help American taxpayers manage inflation and ease financial strain.

In this video, we’ll break down the most significant changes you need to know, including updates to the standard deduction, Alternative Minimum Tax (AMT), earned income tax credit, estate tax, and more.

IRS Tax Code Updates 2024/25 What You Need to Know!

Edu Matrix: 11-8-2024

IRS Tax Code Updates 2024 25 What You Need to Know -The IRS announced over 60 major tax changes 2025 that could impact your tax savings and expenses!

From higher standard deductions and adjusted tax brackets to increased health and commuter benefits, these updates are designed to help American taxpayers manage inflation and ease financial strain.

We’ll also cover key benefits for commuters, parents, and Americans working abroad. Whether you're a middle-income earner, high net-worth individual, or someone looking to save more in health and transportation costs, these changes could make a real difference to your finances in 2025.

Be sure to consult a tax professional for personalized advice, as these updates are set to take effect in 2025. Understanding these new rules can help you optimize your tax strategy and maximize your potential savings.

https://www.youtube.com/watch?v=y4FNKMSD95E

Dinar Recaps 20 11/8/24 Dinar Recaps 20 11/8/24

More News, Rumors and Opinions Friday Afternoon 11-8-2024

The Prime Minister's Office issues a strongly worded statement...and threatens

11/8/2024

The Prime Minister’s media office issued a strongly worded statement, threatening “legal prosecution of those who spread lies.”

KTFA:

The Prime Minister's Office issues a strongly worded statement...and threatens

11/8/2024

The Prime Minister’s media office issued a strongly worded statement, threatening “legal prosecution of those who spread lies.”

A statement received by {Euphrates News} said, "In continuation of the approach of clarity and transparency in government work, and the related media effort aimed at spreading facts and establishing realistic information before our honorable people, in all areas of public service, we confirm that legal prosecution is ongoing for every party or entity that promotes or fabricates lies and false news, which aims first to confuse and mislead public opinion, and cover up for the corrupt, in addition to targeting the government team and the clear digital successes it has provided in files that have represented a difficult knot for service and economic performance over the years."

He pointed out that spreading lies is the weapon of the bankrupt, and the trick of those who do not expect a sincere and appreciated position in the consciences of our people and sons of our nation.

Whenever the government takes a clear step forward, such as the achievement that angered the corrupt and spiteful, represented by receiving the docks of the Grand Faw Port, the falsifiers rush to spread cheap lies, the origins of which are no longer difficult to trace, and to track who is behind them trying to compensate for what he lost. Consequently, the law will take its correct course regarding deliberate fabrication, lying and slander.

He continued, "Our people have faced various media attacks over the past two decades, some of which targeted our armed forces and promoted terrorism, and some of which targeted the democratic process and promoted the orphans of dictatorship. Today, there are those who cooperate with corruption, or insist on replacing their role as defined by the constitution with the profession of buffoonery and lying, just to distort the tangible government achievement, and they deliberately pollute all parties with their deviations, after receiving painful blows, and there is no corruption file that has not been dealt with by the hand of justice."

He stressed that "the government team will continue to work and give, and these exposed methods will not hinder it from achieving its goals and priorities. The war on corruption will continue, in order to extend the hand of the law, and track down anyone who harms the reputation of any Iraqi, or targets with evil the performance of anyone who provides honorable service to all Iraqis." LINK

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Clare: Sudan's top adviser refutes leaked 'billion-dollar bribe' allegations

11/8/2024

Abdul Karim Al-Faisal, Chairman of the Advisory Board in the Council of Ministers, denied on Friday what was circulated by some social media and "yellow pages" about a "fabricated" audio leak.

Al-Faisal explained, in a statement received by Shafaq News Agency, that "the audio clip that was published was fabricated against me, and I deny the issuance of such content in its entirety and in detail, and it is pure slander," stressing that "there is no truth to his withdrawal from work."

He continued: "I place all my trust in the Iraqi judiciary, which, after God, will be the support and helper to bring me justice against those who wronged me," announcing that "this is targeting and warning to everyone who works and fights with honor and integrity the types of corruption that have ravaged Iraq's wealth."

Al-Faisal concluded by saying: “I know that this is a price paid by those who do not rely on the corrupt and their methods that lack chivalry and morals, and the rumour-mongers will not deter us from building the state and its institutions with this cheap targeting.” LINK

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

Militia Man They're going to need to expose their exchange rate so they can get on the Forex and they can open the doors so they can start paying for all those obligations...

Walkingstick Citibank and JP Morgan have been in Iraq for years...They've been working with the CBI. They've been working very closely with the digital platform for the foreign currency that will be coming in because there is no more foreign currency inside of Iraq although Iraq is now a currency hub...Iraq phased out the American dollar and all foreign
currency in order for the dinar to be their dominant sovereign currency of their nation. Because of this action the dinar is no longer paired to the USD but it is pared with a basket of foreign currency...This is very good for the monetary reform policy...

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

Fact Checking Fed, 25 bps Rate Cut, Powell Refuses to Resign if Trump Asks, Says Economy Is Great

Lena Petrova: 111-8-2024

https://www.youtube.com/watch?v=D3jYBnBln20

If You End the Fed, You Don't Have To Fire Powell

Arcadia Economics:

Yesterday during Jerome Powell's press conference he was asked if he would resign if Trump asked him to leave. Fortunately, to show you what happened, and recap all of the Fed news from yesterday, including the reaction by gold and silver, Vince Lanci has you covered.

He also highlights one of Trump's other options regarding the Fed, and to find out more, click to watch the video now!

https://www.youtube.com/watch?v=OadbfVi5CZI

Dinar Recaps 20 11/8/24 Dinar Recaps 20 11/8/24

“Tidbits From TNT” Friday 11-8-2024

TNT:

Tishwash: After extending the legislative term... Parliamentary movement to pass 5 "important" laws

Member of Parliament Mudar Maan confirmed, today, Thursday (November 7, 2024), that the extension of the legislative session for 30 days came with political consensus to decide on 5 "important" laws.

Maan said in an interview with Baghdad Today, "The extension of the legislative session for 30 days came with political consensus among the forces due to the importance of proceeding with the vote on 5 laws that have reached the final stages, most notably the amendment of the general amnesty law and the rest of the other laws."

TNT:

Tishwash: After extending the legislative term... Parliamentary movement to pass 5 "important" laws

Member of Parliament Mudar Maan confirmed, today, Thursday (November 7, 2024), that the extension of the legislative session for 30 days came with political consensus to decide on 5 "important" laws.

He added that "the extension comes in order to give the committees a chance to complete their work and proceed in the upcoming sessions to vote on the laws that concern many segments of Iraqi society," stressing that "there are agreements to proceed with the laws."

Maan pointed out that "the House of Representatives will proceed at a faster pace in deciding the laws during the extension, during which we will see important laws put to a vote."

The media department of the House of Representatives stated in a brief statement today, Thursday, that the House Presidency decided to extend the current legislative session for 30 days, starting from November 9. link

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

Tishwash: Al-Alaq describes the parallel dollar as “abnormal”: There is great stability in prices

The Governor of the Central Bank of Iraq, Ali Al-Alaq, described the prices traded in a real parallel market as “abnormal,” while pointing out that there is great stability in prices and a decline in inflation rates.

Al-Alaq said in an interview with local media outlets: “We understand the focus on the rise in exchange rates in local markets, but we believe that the focus should be on the ability of the Central Bank to implement full coverage of foreign transfers for commercial or other purposes, and this happens on a daily basis.”

He added, "The daily dollar selling rates are high and almost sufficient to cover the needs of traders, businessmen and even citizens, and therefore we look at the price through the amount of sales that the Central Bank undertakes daily at the official price."

He pointed out that “the Central Bank looks at another indicator, which is the inflation rate in the market, and we notice that there is great stability in prices and a decrease in the inflation rate, which indicates that foreign trade is covered by the official price, which is 132,000 dinars.” (Per dollar)

The Central Bank Governor continued: “The price that is traded in the market is in fact an abnormal price that does not reflect the true price. Usually, this price is called a parallel price when there is a real parallel market with sources of dollars other than the Central Bank.”

Al-Alaq called on citizens to “pay attention to the fact that the price they are looking at is the price at which the Central Bank sells to traders,” noting that “more than 95% of the Central Bank’s daily sales are foreign transfers, and this foreign transfer is what represents the reality of commercial and other operations that it covers at the official price.” link

***********

Tishwash: Al-Sudani takes a number of steps regarding financial and banking reform in Iraq

Prime Minister Mohammed Shia al-Sudani directed, on Friday, to take a number of steps within the framework of banking and financial reform in the country, including increasing the number of bank branches in the governorates, as most activities are concentrated in the capital, Baghdad.

Al-Sudani's media office stated in a statement today that "within the framework of efforts to reform the financial and banking system, as one of the priorities of the government program, and in light of the important steps achieved during the past two years, and in light of the challenges facing the financial and banking system, especially in the governorates, and since confronting them requires greater attention and radical improvements to ensure enhancing confidence in the financial and banking sectors, facilitating the process of economic development, increasing financial inclusion and raising its indicators throughout the country, and because most of the activities were concentrated in the capital, Baghdad, Al-Sudani directed that a number of steps be taken in this regard."

Among the steps, according to the statement, is “increasing the number of bank branches in the governorates to meet the needs of the local population, and in a way that contributes to expanding the scope of financial services, while paying attention to buildings, their modernity, and providing their basic requirements.”

The statement pointed out the necessity for all banks in the governorates to adopt modern technologies such as online banking services and mobile applications, which facilitates citizens’ access to their banking services easily.

The statement stressed the importance of banks developing their financial services to suit the needs of individuals and small businesses, such as soft loans and savings accounts.

The media office pointed out the enhancement of financial inclusion in the governorates by providing banking services to different segments of society, including districts and sub-districts in villages and rural areas.

The statement called for launching conferences and awareness campaigns in the governorates, to educate citizens about the importance of dealing with banks and how to manage and invest money properly.

The statement directed the organization of workshops to train young pioneers and local businessmen on how to deal with loans and financial services.

The statement added that the Ministry of Finance, the Central Bank of Iraq, and the Iraqi Private and Islamic Banks Associations will coordinate with the governors’ offices to accomplish the above tasks according to their jurisdiction and responsibility, and submit quarterly reports (every three months) to the Prime Minister’s Office regarding the progress of work on the steps mentioned above. link

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

Tishwash: Parliamentary Oil: Gas licensing rounds will support the financial budget

The Parliamentary Oil and Gas Committee stressed, on Thursday, the importance of gas licensing rounds in diversifying Iraq's imports and supporting its budget with new sums.

Committee member Ali Saadoun said in an interview with Al-Maalouma Agency, “The gas licensing rounds are of great benefit to Iraq and provide the financial budget with sums through extracting and selling gas, as well as diversifying the state’s imports.”

He added, "There are quantities of gas in several exploration extraction areas, and the companies that have applied to work in them are diverse, including Chinese companies, and they will begin their activities," indicating that "this important step was supposed to take place 10 years ago."

It is noteworthy that the Minister of Oil, Hayan Abdul Ghani, had previously expected an increase in gas production by 3 billion cubic feet as a result of the licensing rounds. link

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

Mot: The Box - Simon's Cat...... https://www.youtube.com/watch?v=EKvNqe8cKU4

Mot: Christmas Cat

DINARRECAPS8 11/8/24 DINARRECAPS8 11/8/24

Seeds of Wisdom RV and Economic Updates Friday Morning 11-8-24

Good Morning Dinar Recaps,

XRP LAWSUIT: ARE RIPPLE’S BRAD GARLINGHOUSE AND CHRIS LARSEN AT RISK OF PRISON, OR WILL THE SEC WITHDRAW ITS APPEAL?

The final phase of the crypto bull market appears to have begun, with Bitcoin hitting new highs and altcoins starting to show signs of life. Meanwhile, there’s growing speculation that the SEC’s new chair could end lawsuits against Ripple, Coinbase, and others. Former SEC officials are predicting big changes ahead.

It seems like SEC Commissioner Mark Uyeda is in the running to be appointed acting SEC chair during the transition period after Gary Gensler’s departure.

Good Morning Dinar Recaps,

XRP LAWSUIT: ARE RIPPLE’S BRAD GARLINGHOUSE AND CHRIS LARSEN AT RISK OF PRISON, OR WILL THE SEC WITHDRAW ITS APPEAL?

This is huge for the crypto space, especially since Uyeda is known for being more favorable towards the industry. There’s also a chance that Hester Peirce, another crypto-friendly commissioner.

Jeremy Hogan, a crypto lawyer, also shared his thoughts, predicting that Gensler will likely step down before January 20th. He believes that the new leadership will move quickly to dispose of non-fraud crypto cases, including those involving Ripple and Coinbase.

This could lead to the dismissal of many ongoing cases, with the Ripple case likely settled for the $125 million already awarded by the court.

Amid the ongoing uncertainty surrounding the current administration, one user asked whether a new, crypto-friendly government could lead the SEC to withdraw its appeal in the Ripple case.

Marc Fagel, a former SEC attorney said that typically, enforcement actions are based on the law, not political influence, and it would be highly unusual for the SEC to reverse course. However, with the current administration challenging traditional norms, it’s hard to predict what could happen next.

When asked whether Ripple executives Brad Garlinghouse, David Schwartz, and Chris Larsen could face prison time for alleged fraud, the attorney declined to comment. The user accused them of “scamming people for over 10 years” and profiting hundreds of millions did not receive a direct response.

@ Newshounds News™

Source: CoinPedia

~~~~~~~~~

DEFI NEEDS REGULATION TO DRIVE ADOPTION — WEB3 EXEC

Web3 professional Agne Linge believes that for broader DeFi adoption, regulations must catch up to make people feel safe.

While decentralized finance (DeFi) technology is advancing within the Web3 space, a crypto executive believes the sector still has a long way to go.

At the recent Binance Blockchain Week in Dubai, Agne Linge, a former director of Binance Lithuania who now works with Web3 projects WeFi and Yellow Network, told Cointelegraph that while regulations in jurisdictions like Europe have addressed centralized exchanges and wallet providers, DeFi remains largely “out of scope.”

Linge believes that for DeFi to achieve broader adoption, regulations must be deployed for the industry. Linge told Cointelegraph:

“If you want adoption, we need regulation. We need people to feel safe and to trust the institutions. With what happened in the crypto industry, I think we still have some reputational work to do.”

Linge also praised regulators for “weeding out” bad actors in the ecosystem and trying to understand the technology but emphasized that DeFi also needs attention.

DeFi not “totally” decentralized
While some in the crypto community believe DeFi should operate without regulation, Linge has a different view. The executive said that even decentralized autonomous organizations (DAOs) members are in danger of being legally accountable. She said:

“This is not true. I mean, even a DAO. If you are a DAO, then all of the DAO members can be legally liable.”

According to Linge, the space needs regulation because it’s “not totally decentralized.” Linge explained that DeFi still has people signing contracts, on and off-ramp providers, and other variables that would benefit from regulatory clarity.

When asked about DeFi’s potential for wider adoption, Linge argued that, because DeFi places finance on a decentralized blockchain, it could reduce reliance on centralized options:

“With the tools that we have, everything is widespread and globally connected, why would we use centralized solutions? I mean, this will provide more efficient interaction and integration to everything.”

She added that while DeFi is currently in its own niche, it will eventually take another shape or form. “Maybe not completely like autonomous. There will be persons responsible like legal entities, but in general, the infrastructure is only for the benefit of this globally interconnected world,” Linge added.

@ Newshounds News™

Source: CoinTelegraph

~~~~~~~~~

🌱 BUCKLE UP BUTTERCUP - BUILD A STRATEGIC BTC RESERVE? | Youtube

@ Newshounds News™

Source: Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Dinar Recaps 20 11/8/24 Dinar Recaps 20 11/8/24

News, Rumors and Opinions Friday AM 11-8-2024

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 Fri. 8 Nov. 2024

Compiled Fri. 8 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Thurs. 7 Nov. 2024 The EBS: The Moment We’ve Been Waiting For …Patrick B. Kennedy on Telegram

After the 10 days of darkness, we will reconnect to a new quantum internet. The old systems of government, education, finance, health, and commerce? Gone. A new age is coming.

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 Fri. 8 Nov. 2024

Compiled Fri. 8 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Thurs. 7 Nov. 2024 The EBS: The Moment We’ve Been Waiting For …Patrick B. Kennedy on Telegram

After the 10 days of darkness, we will reconnect to a new quantum internet. The old systems of government, education, finance, health, and commerce? Gone. A new age is coming.

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

Thurs. 7 Nov. 2024 Bruce:

Everything should be released at once: Bonds, R&R, all tiers, everything.

Tier4b (us, the Internet Group) should receive notification to set appointments over the weekend.

Exchanges should start on Tues. 12 Nov.

The new rates for 17 currencies were locked in today Thurs. 7 Nov. 2024

Security should be initiated at 7 pm tonight and be in effect sometime Sat. 9 Nov. 2024.

~~~~~~~~~~~

RUMORS:

Tues. 5 Nov. 2024 Julian Assange: All Intel is saying “Next Week.” Safe link 800# will be released closer to go date. Bond funds were being delivered to paymasters. Private appointments are being made now. Zim Cap information is changing daily but as of now they are paying as follows: NO projects = 15 million no matter amount you might hold. With projects = First 2 bond notes are 1 to 1 after this 25 million (per 100T) up to 30 bond notes. To negotiate further you will need to return. Rates are EXTREMELY high.

Operation Phoenix refers to the rollout of GESARA and the Global Currency Reset.

As of early November 2024, Operation Phoenix is now fully in its execution stage.

Trump’s leadership has empowered elite military units and specialized financial teams to dismantle key corrupt banking nodes in Zurich, London, and Hong Kong.

These forces have begun arresting high-profile bankers and corporate operatives, seizing assets in a historic operation aimed at dismantling the power of financial elites.

With the QFS now active, algorithms are tracking every suspicious transaction and asset movement in real-time, confiscating wealth from those who sought to hoard resources intended for humanity.

This reclaimed wealth is redirected to fund the GESARA rollout, cutting off the elite’s grip on financial power.

Redemption Centers across the nation have received critical upgrades to ensure a secure exchange process. Each center now operates with Quantum Shielding Technology, preventing any external interference or surveillance attempts. Developed in top-secret military labs, this technology ensures that only those approved through the QFS can enter, protecting participants from deepstate actors attempting to disrupt the wealth transfer.

The Evolution of NDAs: Biometric Integration: With enhanced protocols, participants signing Non-Disclosure Agreements (NDAs) must now verify their identities through advanced biometric signatures, including fingerprint and retina scans.

These new security measures link directly to Quantum Access Cards, further securing each participant’s funds and ensuring only genuine participants are permitted within the QFS.

This advanced biometric NDA process was initiated following revelations of Deepstate operatives attempting identity theft to infiltrate the Redemption Centers.

The Quantum Access Cards, essential for accessing funds under GESARA, have seen significant advancements. As of early November 2024, all cards are equipped with Real-Time Surveillance Deterrents (RTSDs), which detect any attempt to access the card outside QFS’s secure environment. If tampered with, the card immediately encrypts all data, remaining locked until receiving a signal from a Quantum Communication Hub.

This added security feature is part of a larger strategy to eliminate reliance on traditional banks, ushering everyone into a new financial framework immune to manipulation.

One of the most pivotal updates in recent weeks is the full integration of Starlink satellites with the QFS, creating a powerful Q-Grid. This global network of Quantum Communication Hubs now spans eight strategic U.S. regions and other key global locations, connecting Redemption Centers and Quantum Access Cards under an unbreakable encryption shield accessible only by the QFS.

Starlink’s role in this system also includes securing Emergency Broadcast System (EBS) communications, ensuring that all GESARA announcements are delivered without obstruction by mainstream media or deepstate interference.

When the time comes for the GESARA announcement, Starlink will activate the Emergency Broadcast System through the Q-Grid, transmitting real-time updates to every participant. This bypasses traditional media outlets, delivering unfiltered truth to the people directly.

Operation Sentinel has launched to protect Redemption Centers and secure the entire wealth transfer process. Tactical units have been stationed to ensure the safety of all participants

Read full post here: https://dinarchronicles.com/2024/11/08/restored-republic-via-a-gcr-update-as-of-november-8-2024/

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

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

Frank26 On the 10th there's going to be a collision of some very important 'heavy particles' that require the monetary reform exchange rate. On the 10th they're all coming into a collision. I think they're going to give birth to new elements...Maybe lower notes...maybe a float... maybe the digitalization of the electronic float. A lot of things might be happening but not before the 10th of this month...

***********

'Euphoric' Market Rally, Bitcoin To $112k Before 'Financial Reset' | Chris Vermeulen

David Lin: 11-7-2024

Chris Vermeulen, Chief Market Strategist of The Technical Traders evaluates market performance after Donald Trump wins the Presidential election and how markets will perform next.

0:00 - Market reaction to Trump win

6:00 - Market momentum

7:20 - Trump's policies and markets

10:35 - Resistance levels

13:22 - Small caps outlook

15:30 - When to take profits?

21:00 – Gold

https://www.youtube.com/watch?v=cU7GO4ls5WM

DINARRECAPS8 11/7/24 DINARRECAPS8 11/7/24

Seeds of Wisdom RV and Economic Updates Thursday Evening 11-7-24

Good Evening Dinar Recaps,

BRICS: RUSSIA SAYS IT WON’T DITCH US DOLLAR AFTER TRUMP’S VICTORY

In a shocking twist for the BRICS alliance, Russian President Vladimir Putin has said that they will not ditch the US dollar. In a sit-down interview Thursday, Putin confirmed that Russia is not abandoning the dollar, it is “simply refusing to use the dollar as a settlement tool.”

Putin called the US dollar a “pillar of US power,” saying that the US is undoing this power. The BRICS bloc has long pushed its de-dollarization initiative, saying the greenback won’t be king for long.

The alliance recently discussed de-dollarization at its October Summit, and multiple countries have decided to stop using the dollar.

Good Evening Dinar Recaps,

The alliance recently discussed de-dollarization at its October Summit, and multiple countries have decided to stop using the dollar.

“The payments in dollars are decreasing,” Putin said. “Not too much, as of yet, but as a means of savings, it’s going down step by step. Very gradually it’s shrinking, it is a trend. It’s their own doing.”

In regards to BRICS proposals of ditching the US dollar, the Russian president reaffirmed that “our proposals are not aimed against [the] dollar. This is simply us rising to the challenge of modern times, in response towards the development of the economy we are thinking.”

BRICS Continues Developing Payment System to Rival US Dollar
Putin also discussed how BRICS is currently in the development phase of a unified BRICS payment system rooted in the payment systems of different countries.

The new system will be “using the groundwork of the systems in each country in exchanging of financial information,” the Russian president said.

The bloc has continued to embrace trades in local currencies. Moreover, they have worked to develop their unique payment infrastructures. These projects should only encourage financial autonomy. Moreover, they should be clear threats to Western hegemony and US dollar dominance.

The most interesting point from Putin’s interview is that despite the de-dollarization efforts, Russia has decided not to ban or abandon the greenback: simply avoid it.

Earlier this year, Donald Trump hinted he would consider lifting sanctions, encouraging the use of the dollar. Now that he will be President again, it will be interesting to see how the bloc responds if he does just that.

Putin and China’s President Xi Jinping have already opened the door to speaking to Trump, so perhaps there is a future where BRICS and the US dollar live in harmony.

@ Newshounds News™

Source: Watcher Guru

Read more: Twitter

~~~~~~~~~

DETROIT TO BECOME LARGEST US CITY TO ACCEPT CRYPTO PAYMENTS FOR TAXES

Starting mid-2025, Detroit residents can pay taxes and fees in crypto, with blockchain entrepreneurs invited to enhance civic solutions.

▪️Detroit will begin accepting crypto assets for tax payments from mid-2025, making it the largest US city to do so.

▪️The initiative aims to modernize public services and improve accessibility for unbanked residents.

Detroit will soon allow residents to pay taxes and other city fees with crypto, becoming the largest US city to adopt crypto payments.

City officials announced that this option will be available mid-2025 and managed securely by PayPal. This new payment method aligns with Detroit’s broader strategy to modernize public services, strengthen civic engagement, and drive economic growth.

Detroit Mayor Mike Duggan expressed enthusiasm for the initiative, emphasizing the city’s dedication to creating a tech-friendly environment that supports residents and entrepreneurs alike.

“Detroit is building a tech-friendly environment for residents and entrepreneurs,” said Duggan. “We’re excited to be among the first US cities to explore blockchain applications and offer cryptocurrency as a payment option.”

The city treasurer, Nikhil Patel, highlighted that the new platform would improve accessibility for Detroit residents, especially those who are unbanked or prefer digital payments.

“This platform upgrade will also make it easier for Detroiters to make electronic payments.”

In addition to the new crypto payment option, Detroit is actively encouraging blockchain entrepreneurs to propose projects that enhance transparency, security, and efficiency in public services.

Proposals can be submitted to Justin Onwenu, Detroit’s Director of Entrepreneurship and Economic Opportunity, by December 15, 2024.

Onwenu explained, “Blockchain technologies have the potential to drive greater accessibility, efficiency, transparency, and security, and we’re excited to hear from entrepreneurs at the forefront of this work.”

With this move, Detroit joins a growing number of municipalities adopting crypto payments. Currently, Williston, North Dakota, and Miami Lakes, Florida, accept crypto for specific city services.

However, Detroit will surpass these cities in scope and size, establishing itself as the largest US city to accept crypto.

Cities like Miami and New York have shown strong crypto support, while states such as Colorado, Utah, and Louisiana have already implemented crypto payment options for state taxes.

@ Newshounds News™

Source: Crypto Briefing

~~~~~~~~~

🌱FED CUT? WHY DO I CARE? WHAT DOES IT MEAN? DIVE IN WITH US. | Youtube

@ Newshounds News™

Source: Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Newshound's News Telegram Room Link

Q & A Classroom Link

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Dinar Recaps 20 11/7/24 Dinar Recaps 20 11/7/24

More News, Rumors and Opinions Thursday PM 11-7-2024

TNT:

LouNDebNC: Iran's Currency Craters to Historic Low Following Trump's Victory

Iran’s already ailing national currency cratered after Donald Trump’s election victory, heralding tough times for Tehran’s economy as the former president prepares for another term in the White House.

By Adam Kredo

The Iranian rial traded at 703,000 to 1 American dollar early Wednesday, an all time low

TNT:

LouNDebNC: Iran's Currency Craters to Historic Low Following Trump's Victory

By Adam Kredo

The Iranian rial traded at 703,000 to 1 American dollar early Wednesday, an all time low, before settling at 696,150 to a single dollar, according to the Associated Press. The steep drop signals fears in Iran that Trump will enter office prepared to level harsh new economic sanctions on the country—and enforce active ones—as punishment for its yearlong war on Israel.

As the Iranian rial tanked, the American stock market surged, with the Dow Jones Industrial Average jumping more than 1,300 points to 45,557 as of mid-day trading. The Nasdaq grew by more than 430 points, hitting 18,875 in the afternoon.

During his first stint as president, Trump decimated Tehran’s economy with sanctions, ushering in a "maximum pressure" campaign that the Biden-Harris administration subsequently dismantled in a bid to entice Iran into a revamped version of the 2015 nuclear accord. Under the administration, Tehran was given access to upwards of $100 billion in cash resources, helping it arm a slew of regional terror proxies that have wreaked havoc on Israel and American military positions in the Middle East.

With Trump’s second term looming over Tehran, the country will have to make tough choices about its war on Israel. Iran has already promised a crushing response to Israel’s first direct attack last month but could decide to hold fire given Trump’s track record of support for the Jewish state. In 2020, Trump greenlit the assassination of Quds Force commander Qassem Soleimani.

Iran said Wednesday that it is not concerned by Trump’s election and saw both candidates as enemies.

"The election of the U.S. president has nothing to do with us. The general policies of the U.S. and Iran are constant," Iran’s foreign ministry said in a statement. "It doesn't matter who becomes the president in the United States because all the necessary planning has been made in advance."

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

Tishwash: Financial expert: The rise of the dollar is temporary and the economy is what determines its path

Financial expert and former director of the Central Bank of Iraq, Mahmoud Dagher, confirmed on Thursday that the rise of the dollar is temporary, and that the economic aspect is what determines its path, away from politics.

Dagher told Shafaq News Agency, "The dollar in local markets is affected by global markets if it rises, considering that the dollar is the same whether it is in Iraqi markets or global stock exchanges.

But what is important is the local currency being affected by it inside Iraq."

He added, "The change that is currently taking place in the dollar is temporary and will soon return to its normal state after things stabilize," indicating that "the economic aspect is what determines the value of the dollar against other currencies, not the political aspect."

The dollar rose with Donald Trump's victory in the US elections, which affected the decline in global oil prices link

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

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

Frank26 Salaries need a new exchange rate...The same thing with the HCL. Do you see the HCL? No. Give me a new exchange rate. It's that simple. Do you see the salaries? No, still nothing. Give me a new exchange rate. It's that simple. Do you see the lower notes they keep talking about? No. Give me a new exchange rate...By the way they are giving them a new exchange rate IMO...

Frank26 The fact they are talking to you [Iraqi citizens] that the HCL is coming...means a new exchange rate is coming.

Guru Walkingstick For decades, forever, the corruption in Iraq have stolen the future of the children of Iraq, let alone the Middle East...You'll find them in parliament, you'll also find them in the media - television, newspapers of Iraq...Sudani brought in Alaq with the permission of the board of directors of the CBI. When he did, things started to move forward. That's why a 10 year report has now been put out.

U.S. ‘Debt Tsunami’ Will Force Fed to Negative Rates, Push Gold to $8,000 | Brien Lundin

Kitco News: 11-7-2024

The Federal Reserve's money management will trigger the next crisis and force the U.S. central bank to embrace negative interest rates, warns Brien Lundin, Editor of Gold Newsletter and CEO of New Orleans Investment Conference.

Lundin analyzes what this crisis means for the economy, the Federal Reserve, the U.S. dollar, and gold. Lundin tells Kitco News' anchor Jeremy Szafron that the Fed's recent 25 basis point cut to a target range of 4.5%-4.75% could be just the start of a longer rate-cutting cycle driven by the unsustainable cost of servicing the national debt.

He predicts that gold prices could surge to $8,000 an ounce within this bull market cycle as Western investors seek safe-haven assets amid rising economic risks.

Lundin highlights the return of "bond vigilantes," whose skepticism about U.S. debt management has driven Treasury yields higher. With gold decoupling from its traditional inverse relationship to the dollar and bond yields, Lundin argues that the metal is poised to benefit from a powerful new bull market.

0:00 - Fed Rate Cut Details

0:31 - Powell’s Press Conference

1:47 - Lundin’s Economic Forecast

2:29 - Fed on Inflation & Rate Cuts

3:24 - U.S. Debt Crisis Risks

7:10 - Gold Price Predictions

11:23 - Debt’s Impact on Economy

30:06 - Investment Conference Highlights

38:45 - Closing Thoughts on Markets

https://www.youtube.com/watch?v=W0XQhV-H3_E

DINARRECAPS8 11/7/24 DINARRECAPS8 11/7/24

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 11-7-24

Good Afternoon Dinar Recaps,

FED CUTS RATES AS BITCOIN CONTINUES ROARING

The Federal Reserve slashed interest rates again on Thursday in a move that could boost Bitcoin—which is already in all-time high territory.

The Federal Reserve on Thursday slashed interest rates in an expected decision that could give "risk-on" assets like Bitcoin a further boost—and the top digital asset is already surging in recent days, setting multiple all-time high price points following Donald Trump's election win.

America's central bank approved a quarter-point interest-rate cut—a move backed by all 12 Fed voters. In September, the Fed cut by 50 basis points in its first such reduction since it aggressively raised rates in 2022.

Good Afternoon Dinar Recaps,

FED CUTS RATES AS BITCOIN CONTINUES ROARING

The Federal Reserve slashed interest rates again on Thursday in a move that could boost Bitcoin—which is already in all-time high territory.

The Federal Reserve on Thursday slashed interest rates in an expected decision that could give "risk-on" assets like Bitcoin a further boost—and the top digital asset is already surging in recent days, setting multiple all-time high price points following Donald Trump's election win.

America's central bank approved a quarter-point interest-rate cut—a move backed by all 12 Fed voters. In September, the Fed cut by 50 basis points in its first such reduction since it aggressively raised rates in 2022.

Bitcoin and other cryptocurrencies have largely benefited from low interest rates because they, like tech stocks, tend to experience more volatile price movements.

But in 2022, the central bank aggressively hiked interest rates in a bid to tame inflation amid the COVID-19 pandemic, making such investments less attractive. Now that inflation is in check, the central bank can make it cheaper to borrow money again.

"The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance," the Fed said in a statement Thursday.

Matt Mena, crypto research strategist at exchange-traded fund (ETF) issuer 21Shares, said in a statement provided to Decrypt that the latest cut could give crypto a further boost.

"The Fed's 25 bps rate cut introduces an economic boost favorable to risk assets like Bitcoin," he said. "Combined with Trump's pro-crypto policies, this creates a supportive macro environment for Bitcoin."

@ Newshounds News™

Source: Decrypt

~~~~~~~~~

RIPPLE CEO SHARES HIS ‘FIRST 100-DAY’ CHECKLIST FOR THE PRESIDENT

Brad Garlinghouse, CEO of Ripple, has outlined what he believes should be part of the President's first 100-day agenda for crypto.

Trump’s victory in the 2024 U.S. election has offered not just a pro-crypto president, but also the most pro-crypto lawmakers in the House and Senate. With crypto in celebratory mood as Bitcoin leads prices higher, the overall sentiment is that this is only the beginning of what’s bullish for the industry.

However, among the top priorities for the sector is the push for regulatory clarity. In his congratulatory message, Ripple CEO Brad Garlinghouse outlined what he sees as a few of the things the president can do in his first 100 days to get the ball rolling.

Fire Gensler
At the top of the list is fulfilling a campaign pledge: firing U.S. Securities and Exchange Commission Chair Gary Gensler on “day one.”

Garlinghouse suggests replacing Gensler with a more crypto-friendly candidate, naming Dan Gallagher (chief legal officer of Robinhood), Christopher Giancarlo (former head of the Commodity Futures Trading Commission), and Brian Brooks (former acting comptroller of the currency) as potential successors.

“They’d be massive upgrades in rebuilding the rule of law (and reputation) at the SEC,” the Ripple CEO posted on X.

In his victory speech following Tuesday’s election, Trump expressed his commitment to uniting the nation and driving change.

On his ‘first 100-day’ checklist Garlinghouse wishes to see the president getting Republicans and Democrats together to “move the digital asset market structure bill forward in the Senate.”

Notably, the U.S. House of Representatives passed the bill in May 2024.

The final item on Garlinghouse’s list pertains to Ethereum. Ripple’s legal battle with the SEC, from December 2020 to July 2023, challenged allegations that XRP was a security, ultimately resulting in a favorable court ruling. While the SEC approved spot Ethereum exchange-traded funds in May, Garlinghouse couldn’t resist a pointed comment aimed at the regulator.

“And last but not least, can we get some clarity…..similar to XRP and BTC, that ETH is not security, right?!” he wrote.

@ Newshounds News™