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More News, Rumors and Opinions Wed. Afternoon 11-13-2024
KTFA:
Clare: Private Banks Association: Iraq to adopt advanced trade finance system by end of 2024
Baghdad
The Iraqi Private Banks Association announced, on Wednesday, a move to adopt an advanced trade finance system by the end of the year.
The Executive Director of the Iraqi Private Banks Association, Ali Tariq, told the official agency, which was followed by "Al-Eqtisad News", that "work on the foreign trade financing platform began at the beginning of 2023 and is witnessing significant development," indicating that "it is expected that by the end of the year there will be a transition to another more advanced and accurate system to enhance control over foreign transfers related to trade."
KTFA:
Clare: Private Banks Association: Iraq to adopt advanced trade finance system by end of 2024
Baghdad
The Iraqi Private Banks Association announced, on Wednesday, a move to adopt an advanced trade finance system by the end of the year.
The Executive Director of the Iraqi Private Banks Association, Ali Tariq, told the official agency, which was followed by "Al-Eqtisad News", that "work on the foreign trade financing platform began at the beginning of 2023 and is witnessing significant development," indicating that "it is expected that by the end of the year there will be a transition to another more advanced and accurate system to enhance control over foreign transfers related to trade."
He explained that "the new system will depend on correspondent banks instead of the current mechanisms, as each bank will have the ability to conduct transfers according to its capabilities and possession of correspondent accounts, whether in American banks or other banks that provide transfer services in different currencies."
He added, "This process will remain the same for the public and merchants wishing to transfer, as the requirements will not change significantly, but the accuracy of transfer operations will improve through the activation of control systems and regulations imposed by correspondent banks."
He stressed that "this transformation will increase public confidence in the Iraqi banking sector, as local banks will adhere to the instructions and mechanisms of international correspondent banks, which will enhance work within strict international systems and agreements."LINK
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Clare: Minister of Commerce: The government has developed a roadmap for developing the national economy
11/13/2024 Baghdad - WAA - Hassan Al-Fawaz
Minister of Commerce Athir Al-Ghurairi confirmed today, Wednesday, that the government has developed a roadmap for developing the national economy, noting that the private sector is witnessing a remarkable recovery thanks to government support.
Al-Ghariri told the Iraqi News Agency (INA): "The government has begun implementing economic reforms through new legislation," noting that "many laws have been sent to the House of Representatives for approval."
He added, "These reforms represent a 'reform revolution' that the Iraqi people may not notice at the present time, but it will soon become clear to citizens, businessmen and project owners."
The Minister explained that "the government has begun practical steps to support important sectors such as the pharmaceutical industry, as this sector has witnessed a remarkable recovery as a result of effective government policies, in addition to localizing other industries."
He pointed out that "the government has taken new regulatory steps through the Ministry of Trade Law, which allows for the issuance of accurate and clear data, which helps in setting a roadmap for local and international businessmen and investors," expressing his "optimism about the future of the Iraqi economy." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Once the dollars run out because there's no more smuggling going on, the new digital transformation has taken place, the new systems in place, the dollar itself in the country is going to drop up quickly. They change the exchange rate of the Iraqi dinar to be stronger than the U.S. dollar that [black] market is going to tank. A lot of people are going to be painfully hurt. It's their bad. They've been warned...The bottom line is the black market is about to take a beating. Supply is running short with the dollars. They've been put on notice...It looks positive for all of us...
Mnt Goat It’s almost mid-November already and still no solid announcement from the CBI of the conducting the Project to Delete the Zeros. NO, the RV has not yet happened. The U.S. election is now over and so we should expect some information on this soon, if they are still going along with the target of early January 2025, as I was told. I know we heard this in the past previous years and yes this was the plan back then too. But we are here now and it’s a new fiscal year coming for Iraq and, as we all read in the recent news, Iraq could not be in a better position to get their currency returned to them.
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THE SKYROCKETING STOCK MARKET IS A SYMPTOM OF A DELIBERATE SYSTEMIC BREAKDOWN.
Greg Mannarino: 11-13-2024
Seeds of Wisdom RV and Economic Updates Wednesday Morning 11-13-24
Good Morning Dinar Recaps,
STABLECOIN FIRM TETHER PLOWS PROFITS INTO COMMODITY TRADE FINANCE
On Friday Tether, known as the operator of the largest stablecoin, reported its investment division completed its first trade finance transaction in October. It involved providing finance for 670,000 barrels of Middle Eastern crude oil worth around $45 million.
The credit granted was from Tether Investments, a company with $7 billion in equity funded by the profits of the stablecoin firm. Hence, it does not involve the use of stablecoin reserves. However, the Tether stablecoin was used for the payment.
Good Morning Dinar Recaps,
STABLECOIN FIRM TETHER PLOWS PROFITS INTO COMMODITY TRADE FINANCE
On Friday Tether, known as the operator of the largest stablecoin, reported its investment division completed its first trade finance transaction in October. It involved providing finance for 670,000 barrels of Middle Eastern crude oil worth around $45 million.
The credit granted was from Tether Investments, a company with $7 billion in equity funded by the profits of the stablecoin firm. Hence, it does not involve the use of stablecoin reserves. However, the Tether stablecoin was used for the payment.
“With USDT, we’re bringing efficiency and speed to markets that have historically relied on slower, more costly payment structures,” said Paolo Ardoino, CEO of Tether.
“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.”
Tether‘s main stablecoin has a current market capitalization of more than $124 billion.
Tether comes out of the shadows
For years there were doubts about whether the Tether stablecoin was fully backed. The company makes out that these concerns are unwarranted.
However, the New York Attorney General found that Tether misrepresented the status of the stablecoin reserves during 2018 and 2019 and banned the stablecoin from the state as part of a settlement.
During that time, Tether lent $625 million of its reserves (around a third of the total) to sister company Bitfinex exchange, which would have been insolvent without the funds. With the subsequent Bitcoin rally, Bitfinex managed to recover.
However, since Tether recently became enormously profitable earning $7 billion during the first nine months of 2024, that breach of ethics and trust seems to have been forgotten.
In another positive piece of news for Tether, the co-head of Donald Trump’s transition team is Howard Lutnick, the CEO of Cantor Fitzgerald. And Cantor looks after the $100 billion plus in Treasuries and repos that form part of Tether’s stablecoin reserves, making it an important client.
@ Newshounds News™
Source: Ledger Insights
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BREAKING: CARDANO FOUNDER TEASES POTENTIAL PARTNERSHIP WITH RIPPLE
Cardano founder Charles Hoskinson hints at a Ripple partnership, praising CEO Brad Garlinghouse amid calls for crypto unity and regulatory clarity.
▪️Hoskinson praises Ripple's Garlinghouse, hinting at a potential Cardano-Ripple partnership amid regulatory calls for industry unity.
▪️Nerayoff criticizes Hoskinson's Ripple remarks, accusing him of political motivations and rewriting past controversies.
▪️Ripple-Cardano potential partnership aims to bolster market positions amid regulatory challenges.
Cardano founder Charles Hoskinson has hinted at a potential collaboration with Ripple, sparking excitement across the crypto community.
In a recent post on X (formerly Twitter), Hoskinson praised Ripple CEO Brad Garlinghouse, calling him a “great CEO” and describing their interaction as “extremely collaborative.” This public exchange has fueled speculation that Cardano and Ripple might explore a strategic partnership.
Will Cardano Founder Partner With Ripple CEO?
Cardano founder Charles Hoskinson’s recent comments align with growing calls for collaboration in the cryptocurrency industry.
In his post, the Ripple CEO Brad Garlinghouse was in agreement with this saying that it was time for the crypto community to ‘unite’ to push for a ‘level playing field’ as well as clear regulation.
He pointed out that the market should have obvious “rules of the road” to create a level playing field for all crypto assets and companies “A rising tide lifts all boats,” Garlinghouse wrote, positing that a unified crypto industry would be beneficial to the whole system.
This message of unity comes at a time when regulatory pressures and market challenges continue to affect the crypto sector. Ripple, in particular, has been embroiled in a long-standing legal battle with the U.S. Securities and Exchange Commission (SEC), a case that many believe could set an important precedent for the industry.
With Hoskinson’s endorsement and Garlinghouse’s call for collaboration, the potential Ripple-Cardano partnership might aim to strengthen both companies’ positions in the market and support regulatory reform efforts.
Steven Nerayoff Blast Cardano Founder Stance
Cardano founder Charles Hoskinson’s positive remarks about Garlinghouse and Ripple reflect a shift from his previously critical stance on XRP and its community. However, not everyone in the crypto community is enthusiastic about this potential partnership.
Steven Nerayoff, a figure in the blockchain space, has accused Charles Hoskinson of engaging in “damage control” rather than genuine support for Ripple and the XRP community.
He referenced years of perceived hostility from Hoskinson towards Ripple and questioned the timing of Hoskinson’s recent support.
According to Nerayoff, Hoskinson’s remarks signal a “sudden patriotic pivot” that he claims lacks authenticity, suggesting that Hoskinson is motivated by self-interest rather than a true desire to support the industry. He stated,
“Your hollow ‘apology’ to the XRP Community falls flat,”
“Your sudden patriotic pivot and vague ‘Trump Team’ hints reek of desperation,” Nerayoff stated. He argued that Hoskinson’s recent comments are part of a broader effort to “mislead” the public about his role in the crypto community, particularly around key issues like regulation and industry growth.
Accusations of Undermining and Creating Conflict
Nerayoff did not shy away from confrontation and accused Hoskinson of trying to undermine him and Ripple for the past few years. He accused Hoskinson of creating conflict within the crypto industry and spreading “false narratives” to elevate his own projects.
Nerayoff claimed that Hoskinson’s actions have been divisive, and that he has contributed little to the blockchain space other than “pumping his own bags” and fostering animosity.
“You made great efforts to discredit me…Yet it was you who sought my help to make crypto legal,” Nerayoff said, pointing to his early work such as the development of the token utility model and ICO structure which helped to facilitate Ethereum’s growth. He further called Hoskinson as a person who is “free-riding” and a “false prophet” in the blockchain ecosystem.
Charles Hoskinson Highlights Vision for Unity
Hoskinson responded to Nerayoff’s accusations directly, dismissing them in a follow-up post.
“All right, Steve, you just proved everything everyone says about you is true. Best of luck in life,
Concurrently, just hours after expressing admiration for Garlinghouse, he tweeted, “You know what’s unstoppable? When the entire crypto space comes together and unifies to take the industry to the next level.” He continued, “We won’t stop for a rest until there are a billion blockchain users.”
Moreover, Pro XRP lawyer John Deaton has commended the potential collaboration citing a bright future should this milestone be accomplished.
In addition, Ripple CEO Brad Garlinghouse has recently expressed optimism about Ripple’s future, despite the prolonged legal battle with the SEC. In his post, he acknowledged the challenges that Ripple and the XRP community have faced, describing the journey as “frustrating” but expressing hope for “light at the end of the tunnel.”
@ Newshounds News™
Source: CoinGape
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🌱IS MY MONEY SAFE? WHAT IS GOING ON WITH THE DOLLAR? | 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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News, Rumors and Opinions Wednesday AM 11-13-2024
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. 13 Nov. 2024
Compiled Wed. 13 Nov. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 12 Nov. 2024 Wolverine: “I went to a meeting and was told it was defiantly happening. Don’t know when, but it is definitely happening. I am not allowed to say much but we will certainly have a wonderful Christmas….I was just informed by B that our closing schedule will be released by the Admiral on or before Sunday midnight (17 Nov. 2024). That will be final.”
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. 13 Nov. 2024
Compiled Wed. 13 Nov. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 12 Nov. 2024 Wolverine: “I went to a meeting and was told it was defiantly happening. Don’t know when, but it is definitely happening. I am not allowed to say much but we will certainly have a wonderful Christmas….I was just informed by B that our closing schedule will be released by the Admiral on or before Sunday midnight (17 Nov. 2024). That will be final.”
Tues. 12 Nov. 2024 Bruce: A Redemption Center person was told that within the next three days they would get an announcement from the US Treasury. Then the Redemption Center Leaders would receive an email from Wells Fargo which would give them the start time for Tier4b (us, the Internet Group).
Tues. 12 Nov. 2024: BOOM! Ripple CEO Confirms Game-Changing Meeting with Trump: National Bitcoin Stockpile & Pro-Crypto Agenda Revealed! – amg-news.com – American Media Group
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Tues. 12 Nov. 2024 NESARA GESARA is often discussed as a transformative series of financial and political changes with significant and wide-reaching effects. Here’s a reorganized version of the impactful elements associated with NESARA GESARA you mentioned: …Nesara Gesara on Telegram
Financial Reset – Debt Forgiveness: All personal debts including mortgages, loans, and credit cards will be erased as part of a major financial reset, addressing long-standing financial inequities.
Tax Reform – New Tax System: The end of the IRS and the introduction of a 14% flat tax on non-essential goods, significantly altering how taxes are collected.
Monetary System Overhaul: The Federal Reserve will be dismantled, and a new “Rainbow Currency” backed by precious metals will be introduced, replacing current currency.
Humanitarian Initiatives: Extensive funding for global humanitarian projects to improve life quality worldwide.
Restitution for Past Wrongs: Restitution and redemption processes will address past constitutional violations and redistribute wealth from elites to the public.
NESARA GESARA: Envisioned as a global reset, these reforms aim to dismantle the old order and decentralize power, returning it to the people with comprehensive changes across finance, law, and societal structure. This plan is described as a blueprint for a worldwide revolution, emphasizing empowerment and justice.
Each of these points reflects significant shifts proposed under NESARA GESARA, highlighting its ambitious nature and the broad scope of its intended impact.
Read full post here: https://dinarchronicles.com/2024/11/13/restored-republic-via-a-gcr-update-as-of-november-13-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Sandy Ingram Zimbabwe's new currency is set to trade on the Forex market. [Why do] We discuss why we watch the ZIG currency so closely...when most of are IQD investors [?]...We watch the Zimbabwe's currency because, like Iraq...Zimbabwe had a currency where it took $1.47 to make one Zimbabwe dollar. (Iraq's currency was over 3 IQD to $1.00 before 2003). Like Iraq, the country ran into hardship and was devalued and spiraled downward. We watch Zimbabwe and other developing countries currency for ideas on how Iraq may handle its currency revalue, float, reinstatement or central bank digital currency...Zimbabwe has lots of gold and Iraq has lots of oil...Zimbabwe plans for its gold-backed currency to trade on the Forex market. However they did not tell us when this event will happen...
Militia Man Article quote: Alaq says... "When we reach the point where everyone is headed towards using the official and fundamental channels in the transfer process then we find no room for there to be two prices for the dollar." That's when he'll make his move. If he's not ready now, when will he be? I don't know. That's his call. It's on him to know the marketplace. When is the safest time to do it? He's saying over the passage of time it gets shorter and shorter because the people are using the system properly. Once he changes the exchange rate I think that market, the two prices, go away like that, *snap*.
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Dollar in a Death Spiral, Gold and Commodities to Take the Reins
VRIC Media: 11-12-2024
Doug Casey and Todd Horwitz have high hopes for America with President Trump at the helm, but they also realize there is no fixing the ballooning debt and deficits, out-of-control government spending, and the inevitable collapse of the US dollar, and that's where gold and commodities will enter the picture.
The duo discuss why commodity prices are poised to ramp up, which commodities they're watching closely, why they think inflation is just getting started, and much more.
00:00 Introduction
00:59 Trump Presidency and Markets
05:43 State of Broad Market
11:09 Gold, Silver, Energy
21:10 Uranium, Agriculture, Coal
28:10 Collapse of German Government
32:02 Inflation Isn't Going Away
37:55 The West Versus BRICS
“Tidbits From TNT” Wednesday Morning 11-13-2024
TNT:
Tishwash: Private Banks Association: Iraq to adopt advanced trade finance system by end of 2024
The Iraqi Private Banks Association announced, on Wednesday, a move to adopt an advanced trade finance system by the end of the year.
The Executive Director of the Iraqi Private Banks Association, Ali Tariq, told the official agency, which was followed by "Al-Eqtisad News", that "work on the foreign trade financing platform began at the beginning of 2023 and is witnessing significant development," indicating that "it is expected that by the end of the year there will be a transition to another more advanced and accurate system to enhance control over foreign transfers related to trade."
TNT:
Tishwash: Private Banks Association: Iraq to adopt advanced trade finance system by end of 2024
The Iraqi Private Banks Association announced, on Wednesday, a move to adopt an advanced trade finance system by the end of the year.
The Executive Director of the Iraqi Private Banks Association, Ali Tariq, told the official agency, which was followed by "Al-Eqtisad News", that "work on the foreign trade financing platform began at the beginning of 2023 and is witnessing significant development," indicating that "it is expected that by the end of the year there will be a transition to another more advanced and accurate system to enhance control over foreign transfers related to trade."
He explained that "the new system will depend on correspondent banks instead of the current mechanisms, as each bank will have the ability to conduct transfers according to its capabilities and possession of correspondent accounts, whether in American banks or other banks that provide transfer services in different currencies."
He added, "This process will remain the same for the public and merchants wishing to transfer, as the requirements will not change significantly, but the accuracy of transfer operations will improve through the activation of control systems and regulations imposed by correspondent banks."
He stressed that "this transformation will increase public confidence in the Iraqi banking sector, as local banks will adhere to the instructions and mechanisms of international correspondent banks, which will enhance work within strict international systems and agreements." link
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Tishwash: "Thousands of them are suspended" .. Draft laws challenge the remainder of the life of the current parliament
Former MP Hussein Al Aqabi confirmed the existence of thousands of suspended laws that need to be amended and cancelled, while he considered the draft laws an update for what remains of the life of the current parliament.
Al-Aqabi said, during his hosting in the {Free Talk} program broadcasted by Al-Furat satellite channel this evening, that: "We have a problem in the public authorities of the Iraqi state and it is concentrated in the legislative authority in which the form of the political conflict crystallizes and is in the sight and hearing of the public."
He added, "The outcomes of the electoral process since its formation until today do not match the size of the challenges we are experiencing today, especially in parliament, and the political forces do not follow up on their members in the legislative house and there are fundamental problems and important legislation that requires laws of high quality in terms of substance and content."
Al-Aqabi explained that "we have thousands of laws that are not legislated or need to be amended or cancelled and all these challenges go back to competent figures and the internal system must be activated, and Parliament Speaker Mahmoud Al-Mashhadani is supposed to play his pivotal role, especially with regard to the work of parliamentary committees and independent bodies."
He continued, "The vast majority of members of the House of Representatives do not read the budget law and quotas cannot be bypassed, but the most competent must be chosen, while the real estate law has not been presented in detail in the House of Representatives."
Al-Aqabi continued, saying, “According to the statement of Prime Minister Mohammed Shia al-Sudani, there is a desire to change a number of ministers. As for the leaks, some of them were made through simple eavesdropping devices, and others show a political aspect. This is a disregard for the issue of corruption, which makes them public actions that do not require supernatural abilities to uncover them. The reason is that whoever feels safe from punishment misbehaves.” link
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Tishwash: Gold reserves boost confidence in national currency
Baghdad: The pillar of the emirate
Gold plays a vital role in the monetary reserves of countries for several reasons related to financial stability, hedging against economic risks, enhancing confidence in the national currency, as well as being an effective tool for hedging against inflation. This prompted the Central Bank of Iraq, on several occasions and in successive years, to increase its gold reserves, which reached 148 tons and 305 ounces.
Regarding the reason that prompted banks to rely on the yellow metal and nothing else, financial expert Mahmoud Dagher explained to “Al-Sabah” that the reason central banks, including the Central Bank of Iraq, increased their purchases of monetary gold is because it is suitable as a reserve compared to industrial gold, indicating that the Chinese Central Bank and the Indian Reserve are among the largest buyers of gold in the world.
Total reserves
Dagher added that the Central Bank of Iraq has increased its gold holdings more than once during the past two years, the last of which was in the first quarter of 2024, until the total gold reserves reached 148 tons and 305 ounces after the last deal in May 2024 by 2 tons and 644 ounces.
Bank assets
He explained that although gold is not the best asset for generating returns when investing compared to currencies, deposits and securities that are permitted to be acquired within the assets of central banks, it is a haven for balance between other assets whose values are affected by the nature of the economic cycle (recession and inflation), noting that the price of gold decreases during recession and increases during inflation, reflecting its balancing role.
Global trend
He added that gold is also a haven when currencies fluctuate sharply against each other, as happened in the last two years for the ruble, yuan and rupee, and thus reduces the impact of what is called currency risk, pointing out that the Central Bank of Iraq did not deviate from the global trend in buying gold despite the rise in its price accompanying the global wave of inflation that hit major economies until it approached 10%; because the rule of purchasing assets by central banks is based on the principle of buying the asset when its price falls in the hope of selling it when it rises, which did not happen with gold because expectations during the last two years were towards an increase in gold prices in addition to the continued significant fluctuation of currencies among themselves.
Avoid inflation
For her part, the economic affairs specialist, Dr. Ikram Abdul Aziz, said that Iraq is the fourth Arab country in possessing large quantities of gold as an element indicating the soundness of the Iraqi economy, indicating that gold and hard currency reserves become a supportive means and an important framework for hedging and avoiding inflation and rising prices.
Abdul Aziz added, in an interview with "Al-Sabah": Gold and foreign currency work to preserve the value of money and the resulting interest; therefore, countries seek to own large quantities of gold, noting that owning large quantities of gold reserves in light of the current fluctuations, geopolitical changes and the situation of the Iraqi economy is a safe haven to preserve value and hedge against inflation.
Development paths
She explained that the presence of large quantities of gold at the Central Bank of Iraq is an important element in limiting dollar control and reducing instability, noting that Iraq achieved this increase in its gold reserves to serve development paths.
She added that the Central Bank of Iraq has a variety of reserves, including gold, whose stock is an effective means and a basic pillar for maintaining purchasing power, stressing that the presence of strong reserves and their diversity in the investment portfolio of the Central Bank of Iraq is a basic pillar and a factor that limits the rise in prices and hedges against inflation, and thus confidence in the existing economic system is achieved. link
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Mot: Even More ""Marital Tips"" frum da Internet fer Ya!!!
Mot: Granma needs you
Seeds of Wisdom RV and Economic Updates Tuesday Evening 11-12-24
Good Evening Dinar Recaps,
ITALY LOWERS PROPOSED CRYPTO TAX HIKE TO 28%: REPORT
Italy’s government is considering lowering its proposed tax hike on crypto trades, reducing the planned rate increase from 42% to 28%.
This shift comes as Prime Minister Giorgia Meloni’s coalition appears inclined to amend the tax proposal, which was initially part of October’s budget plan, to support the country’s growing digital asset sector, according to Bloomberg.
Good Evening Dinar Recaps,
ITALY LOWERS PROPOSED CRYPTO TAX HIKE TO 28%: REPORT
Italy’s government is considering lowering its proposed tax hike on crypto trades, reducing the planned rate increase from 42% to 28%.
This shift comes as Prime Minister Giorgia Meloni’s coalition appears inclined to amend the tax proposal, which was initially part of October’s budget plan, to support the country’s growing digital asset sector, according to Bloomberg.
Italy’s steep crypto rate increase
Currently, crypto transactions in Italy face a 26% tax, but officials had proposed raising this to 42% to boost public finances.
Crypto industry executives, however, voiced concerns, arguing that such a steep tax rate could harm Italy’s competitiveness, especially as the European Union prepares to roll out comprehensive crypto regulations under the Markets in Crypto-Assets framework later this year.
The League, a junior party in Meloni’s coalition, proposed the 28% limit to balance the need for public revenue with industry growth, according to Bloomberg.
Forza Italia, another coalition partner, suggested eliminating the tax hike entirely for gains under €2,000 to encourage local participation in cryptocurrency without imposing heavy taxes. Both amendments aim to create a more favorable environment for Italian crypto investors.
This adjustment could strengthen Italy’s crypto market as other countries experiment with their own tax policies.
@ Newshounds News™
Source: Crypto News
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XRP NEWS: LEGAL EXPERT SAYS RIPPLE LAWSUIT CAN STILL BE WITHDRAWN OR SETTLED
The long-running legal case between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could finally come to a close soon, especially with the recent election of President Donald Trump, whose pro-crypto stance could lead to a more favorable regulatory environment for digital assets.
If Trump appoints a new SEC leader who is more open to cryptocurrencies, it could accelerate the resolution of Ripple’s legal issues, potentially settling the case for the $125 million fine that was initially offered. This shift in leadership could also help clarify regulatory guidelines for digital assets, which would likely boost market confidence and institutional interest in Ripple’s technology.
Ripple’s legal victory, which ruled that XRP is not a security, was an important milestone for the company, although the SEC’s appeal is ongoing. Amid the confusions of the latest appeal, a user took to social media and asked, “Can the lawsuit still be settled or withdrawn after it has been put in front of the appeals court?”
Legal expert and attorney Fred Rispoli reacted and answered the above-mentioned question.
He wrote,
“Yes. Withdrawn or settled at any time. Withdrawn is unrealistic though. Likely to be settled.”`
What’s Next For XRP?
Currently, XRP is priced at around 60 cents, showing steady growth, with key support levels at 56 cents and 54 cents. The altcoin is up 19 percent this week, thanks to Trump again. Bitcoin has captured the $88k mark and is now heading towards the $90k level.
If Ripple’s case is resolved positively, XRP’s price could see a significant increase as clarity on regulations would attract more investors and institutions. CEO Brad Garlinghouse remains hopeful that a clearer regulatory framework will benefit Ripple and increase the adoption of XRP in global banking.
@ Newshounds News™
Source: Coinpedia
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🌱 COMMUNISM? TITLE 28 RULE 1 THE 45 COMMUNIST GOALS AS READ INTO THE CONGRESSIONAL RECORD 1963 | 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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Economist’s “News and Views” 11-12-2024
FED EXPOSED: Congress Should Fire Powell, Fed in US Politics & Declining Economy | Ryan McMaken
Lena Petrova: 11-12-2024
Does the Federal Reserve want independence to serve the interests of the banker class? What role has the Federal Reserve played in US politics, and how does it enable the US government's out-of-control spending?
Why should the Fed be banned from purchasing assets?
Ryan McMaken and I discussed whether the Trump administration would seek Fed Chair Jerome Powell's resignation, how the Fed has enabled government spending on programs that do not benefit the American people, its role as a servant of the banker class, and whether it should be abolished.
FED EXPOSED: Congress Should Fire Powell, Fed in US Politics & Declining Economy | Ryan McMaken
Lena Petrova: 11-12-2024
Does the Federal Reserve want independence to serve the interests of the banker class? What role has the Federal Reserve played in US politics, and how does it enable the US government's out-of-control spending?
Why should the Fed be banned from purchasing assets?
Ryan McMaken and I discussed whether the Trump administration would seek Fed Chair Jerome Powell's resignation, how the Fed has enabled government spending on programs that do not benefit the American people, its role as a servant of the banker class, and whether it should be abolished.
Ryan shared many important insights into the state of the US economy, the labor market, the Fed's goal with inflation, and what it all means for the US population.
Shocking Truth: "The Monetary System Controls Us, Not Politics!" Mike Maloney
11-12-2024
In this eye-opening discussion, Mike Maloney and Alan Hibbard dive deep into how the monetary system—not which party is in power—shapes our economic reality.
From the role of sound money to the impact of the Federal Reserve, they reveal why inflation and debt continue to rise regardless of political leadership.
Learn how fiat currency and systemic monetary incentives trap the middle and lower classes, and why central banking plays a significant role in driving these economic challenges.
This video sheds light on the economic forces at play and why real change depends on addressing the core of our monetary structure.
WARNING: Buffett Selloff As Market Greed Peaks (Not Seen Since 2007)
Taylor Kenny: 11-12-2024
Warren Buffett has amassed an extraordinary cash reserve at Berkshire Hathaway, reminiscent of the period before the 2008 financial crisis. But what is he anticipating?
In this video, we delve into Buffett’s recent moves, including the sale of significant holdings in Apple and major banks, and what it could signal for the stock market.
Discover why Buffett’s caution could be a critical indicator of deeper market risks and how you can safeguard your wealth against future uncertainties.
CHAPTERS:
00:00 Introduction to Buffett’s recent cash accumulation
00:36 Buffett’s view on banking and risky practices
01:48 Why Buffett is selling Apple shares
03:03 Positioning for opportunity beyond the crash
04:11 Lessons from the 2008 crisis and gold’s role
05:16 “Be fearful when others are greedy” – Buffett’s mantra
06:28 Bank sell-offs and Buffett’s cautious stance
07:36 Clues about global market instability
08:44 Risks of unrealized losses in banking
Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 11-12-24
Good Afternoon Dinar Recaps,
AFME PROPOSES MICA-LIKE REGULATIONS FOR TOKENIZATION TO ADDRESS CSDR ISSUES WITH DLT
Last week the Association for Financial Markets in Europe (AFME) outlined its European vision and policy recommendations for DLT and tokenization.
This is in response to a call for submissions by the EU’s capital markets Directorate, FISMA.
The paper makes recommendations that address some key issues holding up the development of tokenization in the European Union.
Good Afternoon Dinar Recaps,
AFME PROPOSES MICA-LIKE REGULATIONS FOR TOKENIZATION TO ADDRESS CSDR ISSUES WITH DLT
Last week the Association for Financial Markets in Europe (AFME) outlined its European vision and policy recommendations for DLT and tokenization.
This is in response to a call for submissions by the EU’s capital markets Directorate, FISMA.
The paper makes recommendations that address some key issues holding up the development of tokenization in the European Union.
One of the critical suggestions relates to CSDR, the regulations that govern central securities depositories (CSDs). Today CSDs perform critical functions including securities issuance, acting as record keepers and providing settlement infrastructures.
However, a DLT can provide the record keeping function. Smart contracts can perform functions such as paying interest or dividends. Plus, DLT supports delivery versus payment, which can eliminate settlement risks without the need for a centralized counterparty (CCP).
CSDR is incompatible with DLT, tokenization?
Countries such as Germany, Luxembourg and Italy have passed DLT friendly laws.
We frequently report on issuances under Germany’s electronic securities law, eWpG, where securities issued via a decentralized registry don’t require the use of a CSD. Instead, a registrar ensures the DLT is keeping tabs and other related tasks. It’s significantly less arduous to become a registrar versus a CSD. That’s because the registrar only performs one aspect of a CSD’s role under CSDR.
However, you won’t see any eWpG securities publicly traded. Why? Because the CSDR regulation requires publicly traded securities to be registered with a CSD. So while you can issue securities under eWpG, they can only be traded over the counter (OTC).
This is why the digital asset-savvy Boerse Stuttgart, Germany’s second largest stock exchange, is setting up a digital securities exchange, BX Digital, in Switzerland rather than Germany. AFME makes precisely this argument – that the EU will lose its current advantage in tokenization to other jurisdictions if it doesn’t evolve quickly.
A related point is that the CSDR treats CSDs as a monolith. By contrast, IOSCO-CPMI Principles for Financial Market Infrastructure (PFMI) outline separate functions: these include a CSD (issuance and maintenance), securities settlement system (SSS), and notary functions.
Hence, AFME argues that because roles are separated with DLT, the CSDR as it stands cannot work for tokenization. It believes there’s a need for a new regulatory regime, much like MiCAR for crypto-assets.
However, these two changes are amongst the medium term strategies, because even if regulators start now, a new legal regime isn’t likely to come into force before 2029.
DLT Pilot Regime suggestions
AFME also made shorter term recommendations regarding the DLT Pilot Regime, many of which it has previously outlined.
The Pilot Regime came into force in March 2023, relaxing certain requirements, but only one entity has been approved so far. Under the Regime, it’s possible to operate a combined trading and settlement system. Plus, an exchange can deal directly with retail clients rather than requiring brokers as intermediaries.
Currently the DLT Pilot Regime supports three types of authorizations – as a multilateral trading facility (DLT MTF), as a settlement system (DLT SS) or both (DLT TSS). However, any entity that wants to provide a settlement system has to be a CSD. Hence, it’s no surprise the only authorized entity so far is Prague CSD approved last month.
AFME argues that requiring registration as a CSD is too onerous. Many banks would be interested in providing a DLT SS but not becoming a CSD. The authors also note that the UK’s Digital Securities Sandbox doesn’t have this requirement. Again, AFME is concerned that the EU could lose out to a competing jurisdiction.
The DLT Pilot Regime has quite low caps on activities, which make it unattractive for larger entities. Hence, AFME requests higher caps. It also wants securities issued under the Regime to be eligible as central bank collateral.
The big picture vision
The report starts off by building a vision of a tokenized future and identifies several key benefits.
There’s considerable soul searching in Europe about how to keep innovation within the EU, rather than startups emigrating to the United States.
A key part of that is funding, and AFME argues that by using DLT to create a capital markets union it will make it easier for startups to raise capital locally. That’s one of several potential upsides.
The AFME paper is an evolution of previous policy recommendations it outlined earlier this year.
@ Newshounds News™
Source: Ledger Insights
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CANARY CAPITAL APPLIES TO LAUNCH SPOT HBAR EXCHANGE-TRADED PRODUCT
The asset manager has filed with the SEC to list and trade shares of spot Hedera, Solana, and XRP exchange-traded products.
Investment firm Canary Capital filed with the United States Securities and Exchange Commission (SEC) to list and trade shares of its spot Hedera exchange-traded fund, or ETF.
In a Nov. 12 filing, Canary submitted a Form S-1 registration statement to SEC officials for review, proposing the commission allow US investors to trade shares of its Canary Hedera ETF trust on an unnamed exchange.
]The proposed investment vehicle was one of the first to offer investors exposure to a spot HBAR exchange-traded product, though the asset manager has also applied to list and trade spot XRP and Solana ETFs.
According to the filing, the investment vehicle will not use HBAR-linked derivatives or futures contracts that could put the asset manager within the purview of the US Commodity Futures Trading Commission. Canary did not name an exchange for a listing nor a custodian or ticker symbol.
HBAR, the native crypto asset of the Hedera network, had a market capitalization of more than $2.5 billion at the time of publication, trading at a price of roughly $0.07. Canary launched the HBAR Trust on Oct. 1 as a private offering to qualified investors.
SEC soon under new leadership?
It’s unclear whether the commission will approve listing and trading of spot ETFs tied to other crypto assets on US exchanges following the approval of Bitcoin and Ether ETFs in January and May, respectively.
Following a Nov. 5 election in the US, Republicans will have control of the legislative and executive branches of government starting in January, with President-elect Donald Trump pledging to fire SEC Chair Gary Gensler.
However, despite the criticism by many in the industry over his seeming “regulation by enforcement” approach to crypto, Gensler also voted for approving spot BTC ETFs. The SEC’s Trading and Markets Division signed off on spot Ether ETFs.
@ Newshounds News™
Source: CoinTelegraph
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🌱 SILVER, PLATINUM & THE DOLLAR - WHAT DOES IT MEAN? | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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More News, Rumors and Opinions Tuesday Afternoon 11-12-2024
Gold Telegraph: Big Moves are Quietly Happening
Monday November 11
More central banks are stepping in to sell dollars to support currencies. Vietnam is the latest.
India is pushing for more trade with Russia to be settled in rupees. India’s trade with Russia is currently at $66 billion, and it aims to reach $100 billion by 2030.
The trend continues…
Gold Telegraph: Big Moves are Quietly Happening
Monday November 11
More central banks are stepping in to sell dollars to support currencies. Vietnam is the latest.
India is pushing for more trade with Russia to be settled in rupees. India’s trade with Russia is currently at $66 billion, and it aims to reach $100 billion by 2030.
The trend continues…
BREAKING NEWS: GHANA’S CENTRAL BANK SOLD $214 MILLION WORTH OF DOLLARS TO THE MARKET TO SUPPORT ITS CURRENCY
Another one.
“Intervention was highest in a week this year, Databank says…”
BREAKING NEWS: UNITED OVERSEAS BANK HAS SIGNED A MEMORANDUM OF UNDERSTANDING WITH THE SHANGHAI GOLD EXCHANGE TO CONNECT CHINA’S GOLD SUPPLY CHAIN TO ASEAN MARKETS
Big moves are still quietly happening.
“Referring to a report by the Singapore Bullion Market Association, UOB notes that there is an increasing demand for gold in Southeast Asia with a rising middle-class population…”
https://dinarchronicles.com/2024/11/11/gold-telegraph-big-moves-are-quietly-happening/
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TNT:
His advisor: Al-Sudani's visit to Kurdistan focuses on these files
The Prime Minister's Advisor, Subhan Mala Jiyad, confirmed that the upcoming visit of Prime Minister Mohammed Shia al-Sudani to the Kurdistan Region will focus on the pending files between the center and the region and the process of forming the government.
In a television interview seen by Al-Maalouma Agency, Jihad said, “The visit is important and comes at a very necessary and sensitive time for Iraq and the Kurdistan Region in general, especially since Prime Minister Mohammed Shia al-Sudani was able to establish a strong relationship based on mutual trust between the center and the region during the past two years of the Iraqi government’s term.”
He added, “This relationship today has become a point of pride, whether in the center or in the region, and is built on mutual trust, frankness and transparency. Therefore, this visit comes in the context of this issue and in the context of resolving the pending problems, if there are pending problems between Baghdad and Erbil, and also between the parties of the region, as it encourages shortening the time in forming the next regional government.”
He continued, “There will be a meeting between the Iraqi Prime Minister as well as with the leadership of the Patriotic Union of Kurdistan in Sulaymaniyah, and certainly one of the main topics currently being discussed is the issue of forming the Kurdistan Regional Government and helping to form it as quickly as possible."
Al-Sudani's advisor pointed out that "the center needs a harmonious and strong regional government, especially in light of the good and balanced relationship between the region and the center, because the center also needs this government to be in a way that helps develop the relationship." link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat I see what is happening in Iraq as a final “cleanup” from the sanctioned days and war years...there is going be some huge change in policy of currency exchange for international trade with Iraq...why else would the CBI make such a drastic change in policy with the currency auctions if the US didn’t tell them to “ditch the dollar” and do it now. ...But in order to do it Iraq needed the reforms... reforms come first, then they can rebuild their economy and somewhere in the new economy building phase, they strike out and delete the zeros and reinstate...So, come the end of 2024 don’t you think these reforms will be ‘good enough” to let the dinar finally get to FOREX? I was told this is their target.
Frank26 [Bank story] This time we didn't go down, we just called [the bank]...We said we want to see if we can exchange some currency and he said what kind of currency? We said Iraqi dinar. He didn't even skip a beat, he said, well I'm not sure about that one right now let me talk to my colleagues and I'll get back to you. Easy-peasy, we were just kind of shocked. He put me on hold and came back and he very calmly said sir…. with the amount that you told us you have, the Brinks truck will come to your house and they will do the exchange right there in your house and then you'll be good to go. It'll be in your bank. You'll be able to verify it on your phone, in your app that shows your banking information. He said you'll be able to validate on a computer, all that jazz, that the money is in your account...They're saying we should have and accountant and tax attorney. They have a list of all that, that they'd be more than happy to share. I said no thank you I have all that covered...It was amazing. Our jaws dropped...This was [last] Monday by the way...
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America's Largest Banks Can’t Come Back From This
Atlantis Report: 11-12-2024
The financial system of the United States has been a symbol of strength, resilience, and stability for a long time, which has supported the nation's economic power on the global stage. However, recent revelations and increasing evidence suggest that the country's largest banks are on the brink of a severe crisis.
This crisis is so deep that the chance of their recovery is questionable and can send devastating shockwaves through the entire financial system.
“Tidbits From TNT” Tuesday 11-12-2024
TNT:
Tishwash: Unprecedented" .. Iraq prepares to launch a group of investments worth a quarter of a trillion dollars
Iraq is preparing to launch a wide range of projects with the aim of attracting investments worth up to a quarter of a trillion dollars over the next two years, in an unprecedented move in the country.
The package of investment opportunities includes projects in the fields of renewable energy, industrial and agricultural cities, and railway networks, in addition to the education, communications, tourism and entertainment sectors, according to the head of the National Investment Commission, Haider Makiya.
TNT:
Tishwash: Unprecedented" .. Iraq prepares to launch a group of investments worth a quarter of a trillion dollars
Iraq is preparing to launch a wide range of projects with the aim of attracting investments worth up to a quarter of a trillion dollars over the next two years, in an unprecedented move in the country.
The package of investment opportunities includes projects in the fields of renewable energy, industrial and agricultural cities, and railway networks, in addition to the education, communications, tourism and entertainment sectors, according to the head of the National Investment Commission, Haider Makiya.
In an interview with Asharq Al-Awsat, Makkia revealed that the authority has completed all the necessary requirements for 103 investment opportunities, in addition to major future projects, and “it is possible that within the next two years there will be funds flowing in the amount of about 250 billion dollars” to Iraq.
This package comes amid the National Investment Commission’s activity to revive dozens of projects that have resumed work, in addition to reactivating others, and addressing the obstacles facing investors with various sectoral bodies. According to the head of the commission, “the number of stalled projects in all of Iraq has reached 249 projects.”
The National Investment Commission was established in 2006. Since then until the end of 2022, the volume of investments flowing into Iraq did not exceed $35 billion. However, after implementing administrative and technical reforms and setting controls to facilitate the investment process, the volume of investment licenses granted increased to $69 billion by last June, according to Makiya.
Commenting on the statement of the Iraqi Prime Minister, Mohammed Shia al-Sudani, in late October, that “the volume of investment for the year 2024 reached $100 billion,” Makiya explained that “that number is correct if we add the $69 billion flowing from the same year with other strategic projects such as the Baghdad Metro project and the (Najaf-Karbala Metro) project, the number reaches $100 billion.” link
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Tishwash: Parliamentary Finance: 2025 Budget Aims to Achieve More Economic Stability
The Finance Committee revealed that the government has begun preparing the budget schedules for next year 2025, while indicating that the desired goals are to achieve development and increase non-oil revenues, in addition to achieving more economic stability for the country.
The head of the committee, Atwan Al-Atwani, said in an interview with “Al-Sabah” followed by “Al-Eqtisad News”, that “the government has begun preparing the infrastructure for the 2025 budget and has determined the requirements for reviewing this budget, as we look forward to these tables arriving next year or perhaps some of the items that the government needs to complete the requirements for their implementation, indicating that the goals set and desired from this budget are to achieve development, increase non-oil revenues, and search for means for clear economic stability.”
Al-Atwani added, "The operating budget has begun to extend over the investment budget, and this burdens the budget and makes it limited in its set objectives. Therefore, from now on, we must search for additional resources and achieve non-oil revenues that can provide stability to the economy," indicating that this matter led to "our move towards rationalizing consumption because it is an important matter."
Regarding the digital transformation process, the Chairman of the Finance Committee believes that this matter is “an essential structure for achieving a significant and noticeable increase in non-oil revenues, and all of this will be included and solutions sought for it in the 2025 budget.”
The head of the Finance Committee also explained that "the budget deficit may be the same as in 2024 because the government has been paying off its foreign loans, and in return, investment projects have been achieved and entered service, and there are other projects being implemented that have had a noticeable impact on the budget and its current expenditures."
The head of the committee continued, saying: “The government has started financing projects in the governorates with a second batch that reached 400 billion dinars for all governorates, and the same is true for financing some ministries to achieve their goals,” noting that “the financing batch during the coming months will be large and in line with what the ministries and governorates need, given that there are projects that these ministries and governorates have started and the governorates and ministries will be required to pay their financial requirements, especially towards private sector companies.” link
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Tishwash: Central Bank of Iraq announces progress in dollar control procedures
The Central Bank of Iraq announced progress in monitoring foreign transfers and cash dollar sales and providing protection for the banking and financial sector from the risks of money laundering, following the ongoing discussions of the Central Bank of Iraq with the Federal Reserve and the US Treasury Department.
The bank's governor, Ali Al-Alaq, said in statements to Al-Hurra website that "the ongoing quarterly meetings with the Federal Reserve and the US Treasury Department within the framework of organizing operations and coordination between the two sides, which have close relations, led to an agreement on procedures and formulas that are consistent with best practices and international standards, the latest of which was the plan related to organizing foreign transfer operations by rebuilding them according to new standards and methods."
Al-Alaq revealed that Iraq has achieved 95% progress in terms of monitoring procedures for foreign transfers and cash dollar sales, and providing protection for the banking and financial sector from the risks of money laundering operations.
In July 2023, the US Treasury imposed sanctions on 14 banks, and months before that, similar sanctions were imposed on 4 other Iraqi banks after they were accused of money laundering.
The Iraqi government, through the Central Bank of Iraq, has been continuing its negotiations for about two years with the US Treasury Department to lift sanctions on these banks, all of which are private banks.
Jamal Kocher, a member of the Iraqi Parliamentary Finance Committee, confirms that the majority of the sanctioned banks are private banks that represent fronts for political parties with which the United States has stopped dealing.
Koger explained to Alhurra that “the US Treasury imposed sanctions on these Iraqi banks for their involvement in practices that fall under money laundering, money smuggling, and suspicious transactions. In return, the owners of these banks are pressuring the government to lift the sanctions on them, but I do not think that the United States will yield to these pressures. On the contrary, it is adamant about its position, and I do not think that without changing the behavior of these banks, America will abandon these sanctions and their imposition.”
Koger points out that the American pressures on the Central Bank of Iraq will not be eased unless there are changes in the behavior of these banks, calling on these banks to fully implement the conditions required by the US Federal Reserve in terms of transparency, clarity, and commitment to US sanctions on some countries. He said, “Any bank that deviates from these obligations will be subject to US sanctions, and measures will be taken against it.”
The number of banks in Iraq is about 79 banks, 8 of which are government banks, and one digital bank, while the banking sector suffers from a weakness in providing modern and advanced banking services.
For about two years, the Iraqi government has been seeking to digitize financial services, correct and rectify financial policy, enhance financial inclusion, keep pace with technological development, and restructure the banking sector in the country, which has not yet shaken off the dust of the political, economic, and security crises that have plagued it for decades. link
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Mot: Where Did I Go Wrong!!!???
Mot: .. Soooo How do -
Seeds of Wisdom RV and Economic Updates Tuesday Morning 11-12-24
Good Morning Dinar Recaps,
PETER SCHIFF SLAMS DONALD TRUMP’S STRATEGIC BITCOIN RESERVE PROPOSAL
With the incoming Donald Trump administratation, crypto might play a key role, but Peter Schiff thinks Bitcoin Reserve proposal is a bad idea
▪️ Peter Schiff has watered down the hyped Bitcoin reserve proposal
▪️ He believes the move might crash the US Dollar in the long term
▪️ Many differ from Schiff with Bhutan also keeping a BTC Reserve
Good Morning Dinar Recaps,
PETER SCHIFF SLAMS DONALD TRUMP’S STRATEGIC BITCOIN RESERVE PROPOSAL
With the incoming Donald Trump administratation, crypto might play a key role, but Peter Schiff thinks Bitcoin Reserve proposal is a bad idea
▪️ Peter Schiff has watered down the hyped Bitcoin reserve proposal
▪️ He believes the move might crash the US Dollar in the long term
▪️ Many differ from Schiff with Bhutan also keeping a BTC Reserve
Peter Schiff, the core BTC critic has slammed the strategic BTC Reserve proposal that might come into effect with the re-election of former President Donald Trump. While many industry leaders and some lawmakers are celebrating this proposal, Peter Schiff has detailed why this move, if achieved, can destroy the United States.
Peter Schiff and the Deadly Bitcoin Reserve Cycle
As an economist, Schiff has always decried the massive focus on BTC as an investment asset. While the industry has continued to move forward despite his warnings, the banter has not ceased. Peter Schiff said if the US Government establishes a Bitcoin reserve and acquires 1 million BTC, it might buy more.
Based on his analysis, this initial purchase will push the price of the coin to a new high, turning many early buyers into millionaires and billionaires.
This push mights see these investors sell their coins to cash out the profits accrued over the years. As the Bitcoin critic noted, this will make the BTC holding of the US government fall drastically.
To save face, the government might print dollars to buy more BTC to keep the price afloat. As Schiff noted, this is unsustainable as Bitcoin in this instance cannot stand as a proper hedge for the dollar. His believes this reality might greatly devalue the US Dollar. However, he noted that Bitcoin price will also tank in the long term.
The plans for a Bitcoin reserve has gained traction in Congress with Senator Cynthia Lummis publishing a Bill in that regard. President-elect Donald Trump has reiterated his plans for Bitcoin with many having high hopes on what comes next.
The Other Side of the Coin
While Peter Schiff has a negative view about a BTC reserve, other industry leaders have a different view. Advocates of the move believes the premier cryptocurrency have the right technology to tag as a store of value.
The growing demand for the coin, sparked in part by MicroStrategy’s bullish accumulation, has helped fuel its steady growth over time. Peter Schiff is an advocate of Gold, as he believes the precious metal is substantial and has stood the test of time. Even if Donald Trump establishes the reserve as promised, he said it can never be as high as proponents like RFK Jr projects.
However, countries like Bhutan has seen its Bitcoin reserve soar above $1 billion per the soaring price of the coin. As of writing, the price of Bitcoin has scored a new All-Time High (ATH) above $85,495.18, up 5.73% in 24 hours.
@ Newshounds News™
Source: CoinGape
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EU MANDATES DIGITAL PRODUCT PASSPORT BY 2027—VECHAIN TOOLCHAIN LEADS THE CHARGE IN SUPPLY CHAIN TRANSPARENCY
▪️VeTonsberg, VeChain’s partner in London, is preparing companies for future compliance, using blockchain solutions to enable end-to-end traceability.
▪️The DPP initiative aligns with global trends toward stricter traceability, as seen in U.S. regulations.
The European Union (EU) is moving towards enhanced sustainability and transparency requirements for products sold within its markets. Here, VeChain’s technology will play a significant role.
The recently introduced Digital Product Passport (DPP) aims to strengthen traceability across sectors including electronics, textiles, and automotive, reported CNF.
EU’s Digital Product Passport (DPP) Initiative Promotes Sustainability and Transparency
VeTonsberg, a London-based partner of VeChain Technology Group, has announced its readiness to support companies in meeting these compliance standards with blockchain solutions.
However, currently, the implementation of DDP isn’t mandatory but industry participants expect it to be obligatory by 2027.
The DPP is set to provide detailed, accessible information about each product. It will include the product’s origins, environmental impact, and disposal guidance. This aligns with surging global demands for product transparency owing to heightened consumer awareness and investor expectations for sustainability.
“Supply chain transparency is no longer optional,” stated VeTonsberg on X. They emphasized that “the EU Council Digital Product Passport (DPP) is setting the stage for global traceability and sustainability.”
For further context, the concept of a DPP operates similarly to a traditional passport but for products. It serves as a digital record that documents critical lifecycle details, i.e., from materials and origin to environmental impact and disposal instructions.
According to EU regulations, each product will be equipped with a unique QR code or NFC tag to allow easy data access. This centralized digital platform ensures stakeholders can verify product authenticity, origins, and compliance at every stage.
DPP requirements are a component of the EU’s Ecodesign for Sustainable Products Regulation (ESPR), which aims to address the environmental footprint of consumer goods.
With preliminary implementation in 2024, the ESPR mandates DPPs for products with significant environmental impact potential.
VeChain and VeTonsberg Ready to Support Compliance in Emerging Product Traceability Requirements
Moreover, the EU aims to make DPPs compulsory for high-impact goods as transparency in product lifecycles is key to advancing sustainability. As an industry partner, VeTonsberg is set to play a significant role in facilitating these compliance standards.
The company, established in 2022, offers blockchain, NFC, and RFID solutions specifically designed to align with VeChain’s Toolchain platform. This suite of tools allows end-to-end product traceability, data reporting, and integration into existing systems.
According to VeTonsberg, “We can help you implement VeChain Toolchain to meet these requirements by offering end-to-end traceability, monitoring and data reporting for compliance, and integration with existing systems for seamless data flow.”
The DPP initiative follows a similar global trend. VeChain partner VeTonsberg highlighted that other countries are tightening regulations on traceability.
They also cited the U.S. Food and Drug Administration’s Food Safety Modernization Act and Drug Supply Chain Security Act as examples of recent transparency measures in food and pharmaceuticals, reported CNF.
VeTonsberg’s offerings align with these regulatory shifts by helping industries adapt to new compliance demands. The company has also underscored the urgency for businesses to prepare. In the post, they noted, “The deadline is fast approaching… Ensure your supply chain is compliant by starting today.” Meanwhile, it’s worth noting that VeChain has launched the My Story DDP tool with DNV for a similar cause.
@ Newshounds News™
Source: Crypto News Flash
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🌱WILDFIRES HAVE CAUSED SIGNIFICANT DESTRUCTION IN BOTH CALIFORNIA AND THE NEW YORK-NEW JERSEY REGION | 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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News, Rumors and Opinions Tuesday AM 11-12-2024
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. 12 Nov. 2024
Compiled Tues. 12 Nov. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Sun. 10 Nov. 2024 Wolverine: “The RV has started. Thank you God. Everyone’s saying that by Tues.12 Nov. we should have a shotgun start. Everything is going at once.
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. 12 Nov. 2024
Compiled Tues. 12 Nov. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Sun. 10 Nov. 2024 Wolverine: “The RV has started. Thank you God. 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.” …
Hi guys. I’m praying that this is our week as according to all my sources this is our week. This has been so stressful for me as I can imagined for all of you as well. Tomorrow there is going to be meetings for quite a lot of private contracts as they expect to receive the GO sign by tomorrow Mon. 11 Nov.
The Precatorias are also ready to go this week just as many other platforms. I’ve been told that not to expect things to happen straight away for everyone as it is a process as it might take up to 10 days for the process to finish.
As for the 4B group we should also receive the GO sign as well. Notifications should hit your email by tomorrow Mon. 11 Nov. Please keep an eye on your emails. Please God let it happen. Just remember first of all I’m only a messenger as I have no control of this as the same goes to the owners of the platforms as they have no control of it . It’s a military operation.
I like to inform you that if anyone is creating fraud and taking advantage of people that the Alliance is watching all of this and there will be consequences. I like to say that I will never surrender as I cannot abandoned you as too many of our patriots are suffering. I’m sure by the grace of God that this is our week.
Also pray for our patriots in Spain as there are hundreds of people missing in Valencia due to the flooding as so many people have lost their homes and love ones. God bless Wolverine”
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Thurs. 7 Nov. 2024 Bruce: Tier4b (us, the Internet Group) exchanges should start on Tues. 12 Nov.
Tues. 5 Nov. 2024 Julian Assange: All Intel is saying “Next Week.”
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Mon. 11 Nov. 2024: Behind the 1:1 Currency Revaluation in NESARA GESARA: Understanding a Global Economic Proposal for Wealth Redistribution! … Nesara Gesara on Telegram
The NESARA GESARA movement proposes a 1:1 currency revaluation to equalize wealth, strengthen national economies, and empower individuals globally. By rebalancing currency values, this ambitious framework aims to lift individuals out of poverty, empower local economies, and stabilize global financial systems.
What’s NESARA GESARA? NESARA (National Economic Security and Reformation Act) and GESARA (Global Economic Security and Reformation Act) are proposed frameworks aiming for a global reset. They envision wealth redistribution to tackle economic disparity, aiming to empower local communities and fortify national economies by incentivizing investments within each country’s borders.
The Mechanism of a 1:1 Currency Revaluation Central to NESARA GESARA is the concept of 1:1 currency revaluation—balancing exchange rates globally. This shift would enable individuals in nations with weaker currencies to see increased value in their income, empowering them on an equal economic footing. By aligning currency values, NESARA GESARA envisions a fairer world economy where financial stability is accessible across borders.
Empowering Local Economies: A Path to Prosperity The NESARA GESARA framework aims to channel wealth back into home countries. Any wealth increase from revaluation would be accessible only within the individual’s nation, promoting investments in local businesses, education, property, and more. This setup intends to foster economic growth at the community level, revitalizing overlooked regions with locally-driven development.
Revitalizing National Growth with Increased Local Wealth As local economies gain strength, citizens’ spending will contribute to national infrastructure, healthcare, education, and technology. The ripple effect of increased local wealth could stimulate community development and bolster national resilience, creating a self-sustaining cycle of prosperity.
A New Global Economic Balance NESARA GESARA’s impact reaches beyond borders. With elevated financial stability within individual nations, former dependencies on foreign aid could diminish, fostering international partnerships built on equal footing and shared growth. This vision sees less economic migration as people find meaningful opportunities within their own communities.
Practical Challenges and Considerations The path to implementing NESARA GESARA isn’t without obstacles. Achieving global cooperation, regulatory oversight, and currency stability would be crucial. Challenges include coordinating nations, managing potential inflation, and ensuring transparent distribution of wealth.
NESARA GESARA: A Bold Vision for Economic Equality NESARA GESARA proposes a dramatic restructuring of global wealth to promote fairness and financial equity. By balancing currencies and supporting local economies, this framework envisions a world where individuals, regardless of nationality, can achieve economic security and contribute to sustainable growth. The vision calls for a world where every nation, every community, and every individual has the power to shape their own economic future—a radical step towards global prosperity.
Read full post here: https://dinarchronicles.com/2024/11/12/restored-republic-via-a-gcr-update-as-of-november-12-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The monetary reform policy is being introduced to you Iraqi citizens on a daily basis isn't it. It's is my hope. It is my desire. It is my prayer that Sudani fulfills his promise of this year. But regardless know it's coming. We know we are already here.
Militia Man Article Quote: "The CBI introduced a second channel where the CBI pre-funded dollar account of the domestic commercial banks that have CBRs." [Correspondent Banking Relationships] With who? Citi Bank. This is coming from IMF Article IV. Citi Bank says, 'We're not involved.'. JP Morgan goes, 'Oh, we're not involved.' It's in black and white. Quote: "Citi Bank for trade finance, this has allowed an increase share of cross boarder payments to be cleared through commercial banks." It's not my words. Google it. 2024 IMF Article IV consultation 68 page pdf file. Download it...I bring this stuff in from the International Monetary Fund because they are part of the structure of getting Iraq to become International...
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ZiG Going on 4X Market Will Iraq Do the Same?
Edu Matrix: 11-12-2024
ZiG Going on 4X Market Will Iraq Do the Same? Zimbabwe's new gold-backed currency set to trade on the Forex market. Can or will the #iqd do the same?
So, why are we watching Zimbabwe so closely when most of us are invested in the Iraqi Dinar (IQD)?
Decades ago, Zimbabwe's currency was strong, with 1 ZWD valued at $1.47. But, like Iraq, Zimbabwe faced economic challenges, causing its currency value to plummet.
Now, with plans to reintroduce a gold-backed currency, we're keeping an eye on how this might impact other developing nations' currencies—especially Iraq's potential revalue, float, or shift to digital currency.
We report on verified news from major outlets. Zimbabwe is rich in gold, while Iraq has abundant oil. These resources could play a major role in the future of their currencies.
More News, Rumors and Opinions Monday PM 11-11-2024
TNT:
Tishwash: Al-Mashhadani and Romanowski discuss enhancing cooperation and partnership between America and Iraq
Today, Monday (November 11, 2024), Parliament Speaker Mahmoud Al-Mashhadani discussed with US Ambassador Alina Romanowski the cooperation and partnership between the two countries.
The media office of the Speaker of the Council of Representatives stated in a statement received by "Baghdad Today" that "Al-Mashhadani received today, Monday, the US Ambassador to Iraq, Alina Romanowski, and she offered congratulations on the occasion of Al-Mashhadani assuming the position of Speaker of the Council of Representatives, and renewed the announcement of the United States' support for Iraq and its government in various fields."
TNT:
Tishwash: Al-Mashhadani and Romanowski discuss enhancing cooperation and partnership between America and Iraq
Today, Monday (November 11, 2024), Parliament Speaker Mahmoud Al-Mashhadani discussed with US Ambassador Alina Romanowski the cooperation and partnership between the two countries.
The media office of the Speaker of the Council of Representatives stated in a statement received by "Baghdad Today" that "Al-Mashhadani received today, Monday, the US Ambassador to Iraq, Alina Romanowski, and she offered congratulations on the occasion of Al-Mashhadani assuming the position of Speaker of the Council of Representatives, and renewed the announcement of the United States' support for Iraq and its government in various fields."
He added that "the two sides discussed topics of common interest," indicating that "the meeting discussed enhancing cooperation and partnership between the United States of America and Iraq and studying the situation in the Middle East." According to the statement, Al-Mashhadani stressed link
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Tishwash: Al-Hikma: Al-Sudani's government adopted 3 paths in dealing with Middle East tensions
Hikma Movement leader Furat Al-Tamimi confirmed today, Monday (November 11, 2024), that Al-Sudani's government has adopted 3 paths in dealing with Middle East tensions.
Al-Tamimi said in an interview with Baghdad Today, "The tensions in the Middle East cannot be contained without stopping the bloodshed in Palestine and Lebanon by the Zionist entity, which is practicing arrogance and horrific crimes against civilians, and statistics reveal to us rivers of blood that bleed every day due to the bombing of neighborhoods, villages and towns."
He added that "Al-Sudani and most of the political forces tried to stay away from involvement in the ongoing conflict in the Middle East, but they provided great humanitarian and relief support to our brothers in Palestine and Lebanon, which focused in its content on the call of the religious authority through the dispatch of relief convoys by land and air."
He pointed out that "Al-Sudani and his government adopted a policy of neutrality as a working method for the ministerial cabinet in dealing with the conflict, but in return we do not rule out that Baghdad will be targeted by the Zionist entity, so the Foreign Ministry must move and invest its relations with the White House to deter any attempt in this direction because any aggression against Iraq will have major consequences and will push the region towards more tensions, considering what is happening now in Palestine and Lebanon as crimes of genocide, and this is the opinion of all countries of the world without exception."
Iraq played a decisive role in calming tensions in the region, and affirmed its continued support for efforts to find political solutions to the conflict that has been raging in the Middle East for more than a year since the start of the Israeli aggression on Gaza in October 2023.
The escalation in the region escalated as the Israeli army launched an open war on Lebanon, including air strikes and a ground attack on the south of the country, since early October 2024.
The situation has also seriously deteriorated with Iran and Israel exchanging unprecedented air strikes last month targeting military sites in both countries, raising tensions to new and dangerous levels, amid an exchange of threats of retaliation and counter-retaliation and expanding the scope of the war to include the entire region. link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Sudani on TV again saying the currency transition will be completed by December the 10th which is our Day of Victory relating back to the war... FRANK: Pay attention to every word that Sudan says to you because every word I told you is heavily calculated. Every word is heavily measured. They are trying to tell you something...You know very well what he is saying. Congratulations.
MarkZ & Militia Man MarkZ: Article: “MP (Member of Parliament) Likely to resolve 3 major laws this week.“ Are they hiding HCL in here? They have extended the legislation until Dec. 10th which is Victory Day. Militia Man: They are talking about it today. Real Estate in Kirkuk is part of article 140 of the HCL. These laws are really important and they have already been read twice and they could be working on it right now and we wouldn’t know yet. It will be big news once it pops. I believe it is on the table and could happen at anytime during this session.
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Bond Market Warning: Interest Rates About To Surge | Peter Boockvar
David Lin: 11-11-2024
Peter Boockvar, CIO of Bleakley Financial Group, discusses the outlook for stocks, bonds, and economic growth under a Trump Presidency.
0:00 - The Fed’s economic outlook
4:08 - Industrial activity
5:30 - Impact of tariffs
6:20 - Risks under Trump
8:34 - Bond market outlook
17:15 - Inflation rate expectations
18:15 - Stock market outlook
20:00 - Trump trade?
23:35 - Trump tax policies
24:30 - Gold and U.S. dollar
27:00 - Oil and energy
28:10 - Big tech stocks
29:28 - Asian markets
Dollar Needs to Be Gold-Backed Again, This Is How It’s Possible & Why Fed Needs Reform Now | Shelton
Dollar Needs to Be Gold-Backed Again, This Is How It’s Possible & Why Fed Needs Reform Now | Shelton
Kitco News: 11-11-2024
Money should be as trustworthy as gold itself, says Dr. Judy Shelton, Senior Fellow at the Independent Institute, former economic advisor to President Donald Trump, and author of Good as Gold.
Shelton explains why the dollar needs to be backed by gold again and how this can be achieved in today’s monetary environment.
She also argues that the Federal Reserve needs reform to save the U.S. dollar, examining the central bank’s mandates and misguided inflation targets.
Dollar Needs to Be Gold-Backed Again, This Is How It’s Possible & Why Fed Needs Reform Now | Shelton
Kitco News: 11-11-2024
Money should be as trustworthy as gold itself, says Dr. Judy Shelton, Senior Fellow at the Independent Institute, former economic advisor to President Donald Trump, and author of Good as Gold.
Shelton explains why the dollar needs to be backed by gold again and how this can be achieved in today’s monetary environment.
She also argues that the Federal Reserve needs reform to save the U.S. dollar, examining the central bank’s mandates and misguided inflation targets.