“Tidbits From TNT” Wednesday Morning 11-20-2024

TNT:

Tishwash:  Iraq launches long-awaited population census, Prime Minister says

Iraqi Prime Minister Mohammed Shia al-Sudani announced that Wednesday, November 20, will mark “a significant developmental and civilizational milestone” as Iraq embarks on its long-awaited census.

In a televised address, al-Sudani stated, "We are initiating the national population census to complete the priorities of the government program, aiming to make the census a modern scientific tool for planning," expressing the government's commitment to serving the Iraqi people.

The census aims, according to Al-Sudani, to shape economic and social development using modern, scientific methods, addressing information gaps in planning, service delivery, and national decision-making.

“Advanced and accurate electronic methods would be used to ensure the census results are reliable and beneficial for the present and future of Iraq.” He said.

The Prime Minister considered that data generated from this census will serve as a “tool for informed decision-making and ensuring equitable distribution of resources and services across governorates," al-Sudani said.

Al-Sudani urged citizens to cooperate with the teams conducting the census, clarifying that it is not related to taxes or social protection but is essential for development across all sectors.

Notably, the census, scheduled for November 20-21, will provide Iraq with its first accurate and comprehensive population data in decades. The last nationwide census was conducted in 1987, while the most recent one in 1997 excluded the Kurdistan Region. Current estimates place Iraq's population at around 43 million.

More than 120,000 field researchers will go door to door, collecting data from households using electronic tablets, in a process supported by the United Nations.

Available in Arabic, Kurdish, and English, the census form will feature 70 questions covering religion, health, education, labor, and economic activity. However, questions regarding an individual's ethnicity, language spoken at home, and ancestry have been excluded.

The initial results will be announced within 24 hours, with the final figures expected to be released within three months. link

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Tishwash:  Iraqi Firm Becomes Exclusive Dealer for China’s Rox Motor 

Iraq’s Laith Al-Obaidi Group has announced an exclusive dealership agreement with China’s Rox Motor, marking a significant milestone in the Iraqi automotive market. 

The agreement was signed during the Guangzhou Nanling Automobile Exhibition by Rox Motor CEO Yan Feng and Laith Al-Obaidi Group CEO Ali Al-Obaidi. This partnership expands Laith Al-Obaidi Group’s portfolio, which now includes eight automotive-focused businesses in Iraq, further strengthening its market presence.

Rox Motor’s innovative Range Extended Electric Vehicles (REVs), combining electric power with an integrated generator, are touted as ideal for the Iraqi market due to their efficiency and suitability for modern consumers. 

Beyond Iraq, Rox Motor has also established distribution agreements in Qatar, Kuwait, Azerbaijan, the Philippines, and Egypt, showcasing its growing footprint in emerging markets worldwide.  link

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Tishwash:  Italy-Iraq: a business forum promoted by Unido Itpo on November 27th in Rome

The aim is to "facilitate partnerships and commercial collaborations between Iraqi and Italian stakeholders"

The Italian Investment and Technology Promotion Office of the United Nations Industrial Development Organization (Unido Itpo) is organizing the “Iraq Business and Cooperation Forum” event in Rome on November 27, in collaboration with Confindustria.

The aim, Unido Itpo reported, is to “facilitate partnerships and business collaborations between Iraqi and Italian stakeholders from institutions, business associations and the private sector in the fields of agri-food, energy and environment, infrastructure and construction, medicine and pharmaceuticals and beyond”.

The Forum will open with a plenary session in the morning, with interventions by high-level representatives of distinguished stakeholders, including the Italian Ministry of Foreign Affairs and International Cooperation, the Italian Agency for Development Cooperation (AICS) and other members of Sistema Italia.

On the Iraqi side, there will be representatives of the Ministry of Industry and Minerals, the Ministry of Commerce, the Iraqi Federation of Industries, the Iraqi Federation of Chambers of Commerce, the National Investment Commission, the Board of Investment of the Kurdistan Regional Government, the Industrial Cities Corporation.

 Also present will be the Unido Enterprise Development Centers, which will bring their expertise and knowledge, contributing to the strategic discussions and the resulting developments. The afternoon of the Forum will be dedicated to B2B and B2G meetings, allowing direct interactions between the participating Italian companies and their Iraqi counterparts.

The event is organized within the project “Investment Promotion for Iraq – Phase 2” funded by AICS and the project “Establishing Innovative Platform in Iraq” funded by MAECI, both implemented by UNIDO ITPO Italy. link

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Mot . Such Fond Memories of a Winter Past!!! 

Mot: What a Guy!!!! 

Seeds of Wisdom RV and Economic Updates Tuesday Evening 11-19-24

Good Evening Dinar Recaps,

CHAINLINK COLLABORATES WITH MICROSOFT ON CBDC COMMISSIONED BY BRAZIL’S CENTRAL BANK

Blockchain oracle service provider Chainlink (LINK) is working on a pilot project for Brazil’s proposed central bank digital currency (CBDC) called DREX with Microsoft and other firms in the country.

In a press release, Chainlink says it is collaborating with Microsoft Brazil, digital bank Banco Inter and blockchain finance firm 7COMm to build a trade finance solution as part of the second phase of the DREX pilot.

The goal of the pilot, according to the announcement, is to “demonstrate the automated settlement of agricultural commodity transactions across borders, across platforms, and via different currencies.”

Chainlink will use its Cross-Chain Interoperability Protocol (CCIP) to create interoperability between Brazil’s Central Bank and other foreign banks using DREX, ensuring efficient transaction settlements.

The pilot also aims to tokenize an Electronic Bill of Lading (eBoL) – or receipts for cargo used by shippers and carriers – and put them on-chain using supply chain data to trigger payments to exporters.

Says Angela Walker, global head of banking and capital markets at Chainlink Labs,

“We look forward to working with the Central Bank of Brazil, Banco Inter, and Microsoft to demonstrate how the adoption of blockchain technology combined with Chainlink’s interoperability protocol CCIP can transform trade finance… Chainlink CCIP is essential to enabling secure cross-border, cross-currency, and cross-chain transactions and will help showcase what tokenized assets can do at scale for this key CBDC use case in Brazil.”

Chainlink’s CCIP technology was recently used by Swiss crypto firm Taurus in its proof-of-concept run with asset management giant State Street to tokenize funds.

Chainlink creator Sergey Nazarov recently predicted that CCIP would help real-world assets (RWAs) overtake the value of all other sectors in crypto, and become the main mechanisms that allows traditional finance to bring trillions of dollars into the blockchain industry.

“So this is kind of the world that I think we should all be preparing for, and that the Chainlink ecosystem is working towards, by both enabling DeFi to grow and be secure and reach the kind of level of reliability and guarantees that the DeFi community needs and that the TradFi community needs, and enabling the TradFi community’s value to flow onto blockchains and into the DeFi ecosystem eventually.

What this will result in, if it works as intended, is CCIP (cross-chain interoperability protocol) becoming one of the key protocols of the Internet, what we call the Internet of contracts and internet of value. Because CCIP is fundamentally the data and value transport mechanism by which that data and value flows into and across all of those chains.”

@ Newshounds News™

Source:  The Daily Hodl

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BRIAN ARMSTRONG PROPOSES US SOVEREIGN WEALTH FUND THAT PAYS AMERICANS DIVIDENDS THROUGH ELON MUSK’S D.O.G.E.

Coinbase co-founder and CEO Brian Armstrong is proposing a plan that would pay dividends to Americans while making the size of the government leaner.

Armstrong says on the social media platform X that President-elect Donald Trump’s proposed Department of Government Efficiency (DOGE) is a “once in a lifetime opportunity” to “cut the size of government back to health.”

According to the Coinbase CEO, America’s founding fathers may have failed to anticipate the tendency of politicians to promise more free stuff in an effort to get more votes.

“To future-proof this, we may need a constitutional amendment capping total government expenditure (at say 10%), or a way to align incentives.”

Armstrong says that the creation of a US sovereign wealth fund could potentially help in increasing federal government spending when necessary while curtailing expenditure over the long term.

“You’d ideally have a way to temporarily dial up burn (say in wartime), but still have the right incentives to not let spending get totally out of control longer term.

An example would be a US sovereign wealth fund, where every citizen gets a share (maybe people can buy more if they want), and any budget surplus pays a dividend.

Every citizen then has skin in the game. Maybe Congress gets a slightly larger stake.”

To support his argument for a leaner US federal government, the Coinbase CEO says,

“[Economist and Nobel laureate] Milton Friedman famously suggested the function of government be limited to:

1. Courts to enforce contracts and settle disputes.

2. Police to keep the peace at home (enforce laws, protect property rights).

3. Military for national defense.”

Billionaire tech mogul Elon Musk, who was handpicked by Trump to spearhead the Department of Government Efficiency (DOGE), responded to Armstrong saying, “Milton Friedman was great.”

Last week, President-elect Donald Trump announced he was appointing Musk and biotech entrepreneur, Vivek Ramaswamy, to lead DOGE shortly after his election. Trump said DOGE would help his administration’s quest to “dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures and restructure federal agencies.”

@ Newshounds News™

Source: The Daily Hodl

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🌱 BIG REWARDS FROM STAKING! WHAT IS IT? |  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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More News, Rumors and Opinions Tuesday PM 11-19-2024

KTFA:

Clare:  Iraqi Prime Minister: Tomorrow we will take an important step that has been delayed for years

11/19/2024

Iraqi Prime Minister Mohammed Shia al-Sudani confirmed that tomorrow, Wednesday, will be an important civilized and developmental step, as the long-awaited general population and housing census will begin after years of delay.

Al-Sudani said in a televised speech, "We are starting to implement the general population census to complete the priorities of the government program, and we seek for the census to be a modern scientific tool in planning."

He pointed out that the government took the decision to implement the census with great confidence in the capabilities of its government agencies, and that it is determined to serve the Iraqi people.

He explained that "the best modern methods were adopted to conduct the census in a scientific and accurate electronic manner, so that the results would serve the present and future of Iraqis."

He also added that the database that will result from the census will be a valuable tool for serving state institutions, and will contribute to supporting the rights of the segments most in need of service.

He pointed out that "the census is not just numbers that accumulate, but rather it is the dividing line between guesswork and facts and a decisive means of determining vital and effective decisions."

The Prime Minister called on citizens to cooperate with the teams tasked with conducting the census, stressing that the census has nothing to do with tax issues or social protection, but rather is a pillar for development and progress in all sectors.

He also praised the role of the Ministry of Planning and the General Authority for Statistics and Information Systems in the preparations they made, and thanked the United Nations Population Fund for its support, as well as the security services that worked to provide a safe and stable environment for the implementation of this operation.

Al-Sudani concluded his speech by saying: “We are confident in the dedication of citizens for the progress of our country, and we believe in a bright future that Iraqis and future generations will be proud of.”  LINK

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Clare:  Parliamentary Finance Committee reveals the "impacts" of the population census on "provincial budgets"

11/19/2024

Member of the Parliamentary Finance Committee, MP Jamal Kojer, confirmed on Tuesday that the population census will re-budget all governorates, indicating that the results of the census will be adopted in the budget if it is completed before the budget is prepared.

Kocher said in an interview with Shafaq News Agency, "It is supposed to re-prepare the budget of all governorates, including the governorates of the Kurdistan Region, based on the population census on the one hand, on the resources on the other hand, and on the sensitivity of the region on the third hand." 

He added, "There are governorates with high population density and therefore they must be taken into consideration in the upcoming budget. There are some governorates that lack resources or have resources, and these resources have social and health implications. Some governorates have a strategic dimension, for example Basra, Baghdad and Erbil, or some are gateways for the state with other countries."

He stressed that "the population census will have its effects in the next budget if the budget is prepared after the completion of the population census. However, if it is not completed, it will be postponed to the 2026 budget to adopt the census results."   LINK

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

Mnt Goat  ...the CBI is once again educating the citizens and merchants on how the new process will replace the currency auctions. In the article titled “PRIVATE BANKS ASSOCIATION: IRAQ TO ADOPT ADVANCED TRADE FINANCE SYSTEM BY END OF 2024” once again they explain how the new process will work. Quote:  “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.”

Frank26    [Banks] don't want to lose customers.  I told you you're Mr. Clampett, they're Mr. Drysdale.  They're going to treat you like you have [money].  And I told you about perks...If you want to do business with one of these banks and you're in another state, they'll fly you in.  They'll take care of your hotel.  They'll pay for your food.  They'll give you a rental car.  You know how much money you're worth to them?  That's why I use that example of the Beverly Hill Billies...There are a lot of perks they'll shower you with.  They'll help you if you don't have your own team.  I think you should get their team, your team, get a third team...You need advice.  You need empirical data.

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This is fore Iraqi people

Nader:  11-19-2024

https://www.youtube.com/watch?v=R6ICVQunwGQ

Silver Prices Set to SKYROCKET in 2025! Why Central Banks Are DOOMED!

Wall Street Silver:  11-19-2024

https://www.youtube.com/watch?v=YuZXZ-RR7JA

If You Think Bitcoin Is On Fire, Just Wait For The Natural Gas Boom

If You Think Bitcoin Is On Fire, Just Wait For The Natural Gas Boom

November 12, 2024 Notes from the Field By James Hickman / Simon Black

“Wow, these guys are going to be in for a rude wakening about how much power is going to be available. . .” thought Joe Dominguez, CEO of Constellation Energy.

Dominguez was one of the attendees last May at a private, invitation-only gathering of energy and tech company CEOs held at Microsoft’s headquarters. The whole point was to talk about power.

Everyone already knew that AI was consuming a lot of electricity, and they assumed this demand would grow. A lot. But they didn’t realize by quite how much until OpenAI co-founder Sam Altman told the group that just a single AI model will require as much power as a large city.

Again, that’s just ONE model. And there are plenty of them out there-- Google Gemini, OpenAI, Meta AI, etc. Every major tech company-- not to mention plenty of startups-- have developed or are developing power-hungry AI models.

In terms of energy demand and power consumption, AI will be the equivalent of adding several states to the US over the next few years. And America’s power grid simply doesn’t have the capacity.

Joe Dominguez understood that immediately… which is why his company teamed up with Microsoft to restart the Three Mile Island nuclear power station in Pennsylvania.

But one additional nuclear power plant is barely going to move the needle on America’s energy needs… and it takes way too much time to build new ones.

In fact, the most recent nuclear power facility to come online in the US took more than a decade to build. So even if the industry gets started today (which they won’t), and the permitting process were quick and easy (which it won’t be), nuclear power is still a long way out.

But there’s an easier option for the here and now: natural gas.

I’ve written about this before-- US natural gas is absurdly cheap, especially compared to global prices. That’s because there’s just so damn much of it in the US… combined with the fact that natural gas is complicated to transport.

Oil is simple. Tanker ships crisscross the planet transporting crude from country to country, so the global price for oil is similar everywhere.

But it’s not that way with gas. Natural gas has to first be decontaminated of various impurities at the wellhead in order to be transported in ‘dry’ form through pipelines, then stored underground.

At the moment there is no trans-Atlantic pipeline allowing US natural gas to flow to Europe. And building one would take years if not decades.

That’s why there’s such a tremendous price difference in natural gas between the United States and Europe. The US produces oceans of it but hardly uses it, hence a cheap price. Europe barely produces any but consumes it voraciously, so the price is more than 4x higher.

If only there were a readily available way to transport natural gas across the Atlantic… then US producers would be able to export to Europe. Natural gas would be more like oil-- a global commodity whose price is more or less the same around the world. And the US price would surge.

Well, there actually is a way to do that. Natural gas can be liquefied into a condensed form (about 1/600th of the gaseous volume) and transported at -163C.

Obviously, there’s a cost to liquefying and transporting gas. But a US producer can still make so much more money selling gas to Europe-- even after the additional costs are included.

And this started to happen around 2017; US producers began liquefying their natural gas and exporting to Europe in major quantities. Within a few years, LNG exports were booming.

But then, earlier this year, Joe Biden bowed to the climate fanatics and ordered his Department of Energy to cease issuing permits for new LNG export terminals… essentially shutting down export growth.

It’s safe to expect a totally different policy starting in January, i.e. more US natural gas will flow to Europe. That means less supply in the US. Natural gas prices will rise as a result… and probably by a LOT.

But don’t forget about AI.

Let’s first think about different ways to generate electricity and the types of fuels that are available.

There’s solar and wind, for example. The prices of solar panels in particular… and wind turbines to a degree, are both falling. In large part this is because the Chinese Communist Party heavily subsidizes its domestic solar panel industry.

So, wind and solar are somewhat price competitive. But they carry a security risk: do you really want China manufacturing your entire power grid? Is it possible they built a kill switch in their software?

More importantly, they’re not terribly reliable. There are times (like night!) when the sun doesn’t shine. Germany (which generates nearly 60% of its power from renewable energy) recently experienced yet another dunkelflaute, i.e. a foggy, doldrum period in which there is neither sunshine nor wind.

This doesn’t work for AI. Tech companies need reliability.

Then there’s coal… which is super reliable, not to mention cheap and efficient. But it’s one of the dirtiest fuels known to man. Google won’t get its hands dirty with that one.

Tech companies love nuclear. They understand it is, by far, the most efficient form of energy known to man. But again, new reactors are 10+ years away. AI needs power now.

And that pretty much leaves natural gas. The US has oceans of it and barely uses a fraction of its supply. It’s absurdly cheap. In fact, according to the US National Renewable Energy Laboratory, natural gas is THE cheapest fuel source per MW of electrical capacity.

It’s the cleanest of all the conventional sources. Plus, you can construct a new facility in about two years… so new power can come online quickly. And the Big Tech companies have demonstrated that they are more than willing to shell out the cash needed to finance natural gas power plants.

Between these two trends: AI power demand, and the upcoming export boom, natural gas prices are probably going to soar.

We’ve just watched the Dow Jones Industrial Average rise by 7% to an all-time high in the last week. Bitcoin has surged by more than 30% to its all-time high.

That’s nothing compared to what we could see in the natural gas price.

It’s obviously not going to happen in a week, these trends will take longer to unfold. But it’s definitely a good time to look at some of the extremely undervalued natural gas producers whose profits will boom.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/if-you-think-bitcoin-is-on-fire-just-wait-for-the-natural-gas-boom-151726/

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 11-19-24

Good Afternoon Dinar Recaps,

STABLECOIN ISSUER PAXOS TO ACQUIRE FINLAND’S MEMBRANE FINANCE FOR EU ACCESS

Today stablecoin issuer Paxos said it acquired Finnish e-money institution Membrane Finance, the issuer of EURe. The deal gives Paxos a licensed e-money institution (EMI) enabling access to all EU states, subject to regulatory approval.

Paxos and its affiliates are already regulated in New York, Abu Dhabi and Singapore. Under Europe’s MiCA regulations crypto legislation, registration in one state is passported to all other member states.

Paxos is the issuer of the PayPal stablecoin (PYUSD) and its own Paxos dollar (USDP). Its UAE affiliate has issued a yield bearing stablecoin. And in Singapore it recently launched the Global Dollar Network, which will share interest revenues on the USDG stablecoin with distribution partners.

“Stablecoins offer a global solution to challenges that countless people and companies feel when it comes to money movement and payments. Stablecoins are becoming increasingly more prevalent throughout the market as more use cases emerge for everyday users, “ said Walter Hessert, Head of Strategy at Paxos. “With Membrane, we expect to extend our reach to EU customers looking to benefit from stablecoins.”

Stablecoins in the EU
In terms of other stablecoin players, Circle historically had a strong presence in Europe (Ireland). It chose France as its base for MiCAR, directly registering as an EMI.

MiCA regulations require a high proportion of reserves to be held at banks – 30% for smaller stablecoins and 60% for significant ones. Tether claims this is the reason it has not registered in the EU. However, so far it has chosen to remain offshore, avoiding jurisdictions that require it to be regulated. A large part of Tether’s stablecoin balance is on TRON, a blockchain that’s popular in Africa.

Meanwhile, MiCAR also has some quite complicated rules limiting the scale of foreign currency stablecoins in the EU. However, this is widely misunderstood, so we previously provided a deep dive on the topic.

Bank issued stablecoins are also explored as part of our Research report on tokenized deposits and DLT payments.

@ Newshounds News™

Source:  Ledger Insights

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JOHN DEATON EMPHASIZES NEED FOR MODERNISED REGULATORY FRAMEWORK, CRITICIZES SEC OVER OUTDATED LAWS

In a latest X post, the pro-XRP lawyer, John Deaton has expressed concerns over the outdated regulatory framework applied by the US SEC in response to Michael Saylor’s interview. He shared that the SEC should be focused on ‘fraud, pump and dump schemes and the bad guys.’

The Need For Modernised Regulatory Framework
He pointed out that we are essentially applying 1933 disclosure laws in 2024 to modern-day technologies like AI, Robotics, Automation, and Blockchain and that the existing disclosure laws were meant to reduce the asymmetries between those offering investments and those acquiring investments. 

He stressed that this was during a time when technologies like the internet did not exist. He asserted that the SEC should focus on clear and straightforward principles to guide the industry.

“People like Gary Gensler, Jay Clayton, and Bob Stebbins prefer the law and rules of the road to be vague. WE NEED REFORMERS AS REGULATORS LIKE Brian Brooks and Brad Bondi,” he noted.

Deaton’s remarks highlight the need for a modernized framework that accommodates emerging technologies.

Deaton’s ‘Dream Team’
Amidst the speculations of the current SEC Chair Gary Gensler’s resignation, Deaton has endorsed Brad Bondi as a suitable replacement. Deaton noted that Bondi represents a more balanced and progressive approach to regulatory oversight and voiced skepticism over other contenders, such as Bob Stebbins.

The US Treasury Secretary and the SEC Chairman are the two most important remaining positions to be filled. Deaton emphasized that these two selections must be compatible and complement each other to truly implement the America First Agenda envisioned by President Trump.

Elon Musk had recently suggested that Howard Lutnick might be the right choice for Treasury secretary but had also suggested others to provide input on who President Trump should select to be America’s next Treasury secretary.
Deaton expressed his views by stating:

“The Dream Team that would foster innovation in America, securing its place as the number one market in the world, causing an economic explosion in our capital, crypto, and IPO markets, while bolstering demand for the USD and ensuring its dominance around the world, while, at the same time, shaking things up and reforming the agencies is Brian Brooks as Treasury Secretary and Brad Bondi as SECGov Chairman.”

@ Newshounds News™

Source:  Coinpedia

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🌱 FEDERALIST TO SILVER AND VOTING  |  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

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

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Economist’s “News and Views” 11-19-2024

US Bitcoin Reserve to Kick Off Q1 2025? What It Means for Price & Global Markets | Natalie Brunell

Kitco News:  11-18-2024

The United States could soon establish a Bitcoin Strategic Reserve, with Wyoming Senator Cynthia Lummis leading the push for this unprecedented move.

According to Bitcoin educator and podcast host Natalie Brunell, Lummis suggests that the U.S. convert a portion of its massive gold reserves into Bitcoin, aiming to make this transition happen "very quickly" once the new administration is in place.

This proposal, which includes acquiring one million Bitcoins over the next 20 years, could mark a turning point for the global financial landscape, potentially boosting Bitcoin's value significantly.

Brunell explores what this proposal means for Bitcoin's future, the broader macro environment, and how corporations and governments are starting to adopt Bitcoin.

Tune in as we discuss the implications of this ambitious move and how it might affect Bitcoin's trajectory in 2025 and beyond.

00:00 Introduction

00:02 Senator Lummis' Bitcoin Proposal

00:24 MicroStrategy's Record-Breaking Bitcoin Purchase

01:34 Factors Driving Bitcoin's Surge

 02:27 Bitcoin's Future and Institutional Adoption

 04:59 Risks and Concerns for Bitcoin

06:42 Strategic Bitcoin Reserve Proposal

 12:56 Political Developments and Regulatory Environment

 16:03 Michael Saylor's Bitcoin Vision

18:12 Corporate Adoption of Bitcoin

 19:24 Challenges in Bitcoin Education

21:28 Bitcoin's Future Trajectory

24:21 Conclusion

https://www.youtube.com/watch?v=AbuxDEK1GF8

Alert! FOR THE 1ST TIME IN A DECADE, THE FED'S OWN STOCK MARKET INDICATOR GOES NEGATIVE.

Greg Mannarino:  11-19-2024

https://www.youtube.com/watch?v=9fejxb-Zmd4

China’s Economic Genius Kicks U.S. Out of South America - Argentina Reveals The Truth

Sean Foo:  11-19-2024

In a shocking move, Latin America is moving closer to China. Argentina's President, Milei, has made a U-Turn, seeking to bring his economy closer to Beijing. This realization extends to the rest of the continent. China's economic genius strategy has integrated its economy in the region. As a result, the US faces almost insurmountable odds.

Timestamps & Chapters:

 0:00 Argentina's Massive U-Turn

 3:11 Economic Rescue From China

 5:47 China's Genius Strategy

 8:10 China Checkmates The US

10:56 US Lashes Out

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

“Tidbits From TNT” Tuesday 11-19-2024

TNT:

Tishwash:  Turkish Trade Minister to visit Iraq

Turkish Trade Minister Omer Bolat begins a two-day visit to Iraq on Monday, heading a delegation of contractors and businessmen.

Sources in the Turkish Ministry of Trade told Anadolu Agency that the Turkish delegation, headed by Bulat, will visit the capital Baghdad and the city of Basra on November 18 and 19.

The Turkish delegation to Iraq includes representatives of the Exporters Council, the Contractors Union, and Turkish companies.

The visit includes holding talks between businessmen in the two countries, and discussing opportunities to enhance bilateral relations with the participation of contracting companies.

Minister Boulat is scheduled to meet with Prime Minister Mohammed Shia Al-Sudani, and hold a bilateral meeting with his counterpart Athir Dawood Salman Al-Ghariri, and with Minister of Transport Razzaq Muhaibis Al-Saadawi.

Türkiye's exports to Iraq rose by 5.3 percent in the first 10 months of this year, recording $10.8 billion.

While Iraq's exports to Turkey amounted to $3.7 billion during the same period, recording a 41 percent decline, while the volume of trade between the two countries amounted to $14.5 billion during the mentioned period   link

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Tishwash:  Al-Sudani confirms Iraq's openness to achieving a serious and real partnership with Türkiye in various fields

Prime Minister Mohammed Shia Al-Sudani received today, Monday, Turkish Minister of Trade Omar Bolat, who is visiting Iraq with a large delegation of about 150 businessmen from the Exporters Council and the Contractors Union, on a working visit that includes Baghdad and Basra.

Al-Sudani stressed, in a government statement, a copy of which was received by {Euphrates News}, during the meeting: “Iraq’s openness to achieving a serious and real partnership with Turkey in various fields, especially with the government implementing a package of economic reforms that prepared the investment environment within the country,” pointing to “the government’s desire to develop the trade balance between the two countries, with the rapid growth witnessed by industry in Iraq.”

The statement added, "The meeting also discussed the meeting of the Iraqi-Turkish Economic and Trade Committee, which will hold its work in two weeks."

For his part, Polat conveyed the greetings of Turkish President Recep Tayyip Erdogan to the Prime Minister, stressing that "the growing relations between the two countries are an opportunity to proceed with what was agreed upon during Erdogan's visit to Iraq," referring to "the strategic development road project, where he expressed his country's readiness to provide all support to proceed with this important project for the region and the world."  link

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Tishwash:  COP29: Iraq rejects fossil fuels phasedown

The Parliamentary Health and Environment Committee announced on Monday the Iraqi delegation's refusal to phase out fossil fuels during its participation in the United Nations Climate Summit COP29, stressing that Iraq seeks to adapt to global environmental standards in line with local privacy.
 
The head of the committee, MP Majid Shankali, told the Iraqi News Agency (INA): "The Iraqi parliament in this session paid great attention to attending climate conferences, as we participated in COP27 and 28, and today in COP29 in Baku."
 
Shankali added that "the participation of the parliamentary delegation in the COP29 conference came to follow up the work of the negotiating delegation and keep abreast of the latest developments in the conference," noting that "the climate conference focused on important issues, most notably the gradual phasedown of fossil fuels, which is one of the main pillars of the Iraqi economy, which we completely reject."

"There is a proposal from Azerbaijan to support developing countries by oil countries, but this proposal was rejected, because most oil-producing countries are themselves developing countries," he said. 

 He pointed out that "the active political presence of the President of the Republic, undersecretaries of ministries and executive bodies, in addition to the legislative support of the Iraqi parliament, strengthens Iraq's position in these conferences, especially since it will assume the presidency of the G7 Plus summit with China in the next session." 

 The President of the Republic, Abdul Latif Jamal Rashid, participated in the United Nations Climate Summit COP29, which was held in the Azerbaijani capital Baku from November 12 to 13, which was attended by a large number of United Nations member states in addition to governmental and non-governmental organizations. link

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

Mot: .. and meanwhile - Back in 1914!!! 

Mot: .... So, what do we do now, little guy?"  ding dong ditch

One day, a policeman is strolling down the street when he notices a tiny boy standing in front of a house, desperately trying to reach the doorbell. The boy, however, is too small, and the doorbell is just out of his grasp.

The policeman watches for a moment, amused, before walking over. Gently placing a hand on the boy's shoulder, he leans forward and rings the doorbell for him with a quick press.

Squatting down to the boy’s level, the policeman grins and asks, "So, what do we do now, little guy?"

The boy looks up with a mischievous smile and replies, "Now we run!"

Seeds of Wisdom RV and Economic Updates Tuesday Morning 11-19-24

Good Morning Dinar Recaps,

PHILIPPINES TO DISTRIBUTE TOKENIZED GOVERNMENT BONDS VIA GCASH WALLET, PDAX CRYPTO EXCHANGE

The Philippines government is about to embark on the next phase of its government bond tokenization path. Last year it tokenized bonds targeting institutional investors. That was followed by releasing 90 day Treasury Bills available to retail investors.

Now the Bureau of the Treasury is planning to distribute longer term tokenized Treasury Bonds, or GBonds, in December targeting consumers.

Its primary distribution mechanisms will be via GCash and PDAX. GCash is the wallet app that has been used by 94 million people and was recently valued at $5 billion. 

Ant, the owner of Alipay owns around a third of GCash parent Mynt and MUFG owns 8%. PDAX is a cryptocurrency exchange with around four million users that has already been distributing the Treasury Bills, with a minimum investment of 500 pesos ($8.52).

“We envision a future where investing in government bonds is no longer a luxury but a new normal for Filipinos — with just a few swipes away and as easy as ordering their favorite food delivery,” said Ralph Recto, the Philippines Secretary of Finance. “This empowers our people to effortlessly secure their future, all from the comfort of their homes.”

The government news agency said Recto called for GCash and PDAX to speed up the launch.

The country already has retail government bonds, but the minimum investment is ten times higher at 5,000 pesos. PDAX, who we suspect is providing the tokenization technology, says one of the key benefits is reducing the administration costs to support the smaller denominations.

In 2020, the government first explored using blockchain for retail government bonds and launched the Bonds.PH app in collaboration with UnionBank. Back then, the bank also partnered with PDAX for the blockchain aspect.

Other tokenized government bonds
Issuing tokenized government bonds as digital twins, or natively digital bonds, is becoming increasingly popular, although most still target institutions. Slovenia became the first European state to issue a digital bond, and the UK is planning one in the next two years. The largest digital government bod so far was a multicurrency green bond issuance worth $756m by Hong Kong.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

IOTA announces network upgrade for more real-world adoption

The IOTA Foundation has announced a sweeping upgrade to its blockchain network, aiming to improve scalability, decentralization, and real-world use cases.

Dubbed “IOTA Rebased,” the proposal will transition IOTA’s Layer 1 network to a Move-based object ledger, introducing programmability and enabling tens of thousands of transactions per second.

If approved by token holders, the upgrade will mark a shift to a delegated proof-of-stake mechanism with 150 permissionless validators to secure the network.

This move will replace IOTA’s (IOTA) existing architecture with a decentralized structure, allowing for faster and more secure transactions. 

The proposal also incorporates the Move programming language, enabling smart contracts directly on the Layer 1 network. 

This feature is designed to expand IOTA’s application in industries such as supply chain tracking, asset tokenization, and digital identity systems, according to the company.

IOTA has created a governance post so the community can discuss and debate the protocol upgrade. The vote will officially go live on December 2.

In August, IOTA introduced a blockchain-based tool to simplify music rights management in the film industry. Developed under the European Blockchain Pre-Commercial Procurement initiative, the tool aims to streamline negotiations and secure intellectual property rights.

Move ecosystem merge
Joining the Move ecosystem alongside platforms like Sui and Aptos, IOTA aims to leverage MoveVM’s capabilities while becoming the first Layer 1 network to adopt this architecture.

The IOTA Foundation has launched a Move-based testnet to showcase the upgrade’s potential, accompanied by tools for developers, including a browser wallet extension and updated documentation.

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

The economic model under the proposed system introduces staking rewards and a dynamic token supply. Validators and delegators will earn newly minted IOTA tokens with an initial annual inflation rate of 6-7%, translating to a projected 10-15% annual return for stakers, according to the company release.

This model aims to incentivize network participation while maintaining fair tokenomics through mechanisms like fee burning.

“This upgrade could significantly accelerate our adoption efforts by introducing programmability and full decentralization to IOTA. We believe this proposal has the best chance of delivering value for the IOTA ecosystem.”  —  Dominik Schiener, Co-Founder and Chair of the IOTA Foundation.

With the Rebased proposal, IOTA seeks to strengthen its position as a leading blockchain infrastructure, focusing on bridging decentralized technology with practical, real-world applications.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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News, Rumors and Opinions Tuesday AM 11-19-2024

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. 19 Nov. 2024

Compiled Tues. 19 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 18 Nov. 2024 Wolverine: “It looks like things have started. It’s definitely coming this week. May be in a few hours. People are under NDAs. Lots of people have been (allegedly) paid, especially in Columbia. Bond Holders have their appointments for Thurs. 21 Nov. They have(allegedly been paid out.”

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

Mon. 18 Nov. 2024 TNT Call:

1. Ray was very excited. Tony said Ray was trying to give away the good stuff.

2. Tony said he had a special weekend of ups and downs.

3. Two updates during the weekend of ups and downs.

4. The RV was supposed to have happened over the weekend, but it didn’t.

5. All three letter agencies said the celebration scheduled for Saturday was rescheduled for today in Zurich.

6. They say the RV is complete and we will see it sometime today.

7. Some banks have received memos today that the RV is happening – we could see it any time today.

8. The VND rate is $0.39 right now.

9. Some countries say they are going to attack Israel.

10. Most countries are worried about the new administration.

11. We will make a lot of changes after the RV on our part. It becomes a new world for us.

12. All the three-letter agencies said that the RV will be done today.

13. Ray is very excited. When asked between 1 and 10, with 10 being the highest, Ray, where is it? Ray said 12.

14. The same question was asked to Tony, and Tony said 9.

15. Some people will have multi-currency accounts. Tony said he wouldn’t have any.

16. They are saying it is done and released. The process is underway right now.

17. The banks and the Federal Reserve are waiting for the email right now.

18. Tony said he is also waiting for the email from the banks.

19. The RV has been completed and released and the process is underway right now.

Read full post here:  https://dinarchronicles.com/2024/11/19/restored-republic-via-a-gcr-update-as-of-november-19-2024/

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

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

Militia Man They're talking about cross boarder transfers.  That's money.  That's currency.  That's going to be doing commercial trade.  That's going to be Article VIII compliance my friends.  That's how it's going to be...Whether it's today or tomorrow that's a good question...Iraq is going international right before our eyes...

PompeyPeter   The most important thing IMO...we're waiting for is the release of the 2024 budget with amendments which contains the new International rate.  That new rate will be applied to the budget upon release.  We have not seen that budget release yet but we hope, pray and believe that it's extremely close...

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

Delete the zeros revaluation

Nader:  11-19-2024

https://www.youtube.com/watch?v=_kCQ4MGLp3I

Currency Exchange Rates & Real Estate IQD VND COP ARS BRL BTC

Edu Matrix:  11-19-2024

Currency Exchange Rates & Real Estate IQD VND COP ARS BRL BTC - How and why foreign real estate investments go hand and hand with foreign currency exchange rates. Rates for Iraq, Vietnam, Columbia, Argentina, and Bitcoin's massive growth. How to stabilize your Bitcoin investment and understanding which exotic currencies to invest in.

https://www.youtube.com/watch?v=7nFo4Vbw2dA

What About Gold?

What About Gold?

November 18, 2024  Notes From the Field – James Hickman (Simon Black) Sovereign Man

It was early January 2020, and weird things were happening in the world.

Socialism was on the march in the Land of the Free. Conflict, it seemed, was exploding everywhere, both abroad (North Korea, Iran, Yemen) and at home.

And most notably, over in China, the Communist government was literally welding people into their homes to ‘keep them safe’ from a bizarre virus that was spreading rapid

It was only January, but 2020 was already looking pretty uncertain.

I wrote an article about preparing for uncertainty. And, with respect to finance, I wrote that gold was a very sensible asset to own in such times: “Frankly I don’t think anyone can credibly say that they have any idea what’s going to happen in the world in 2020. And that’s why I own gold.”

We soon found out. One of the most ridiculous hysterias in human history gripped the world. Countries were locked down. Governments and central banks conjured trillions of dollars out of thin air to pay people to stay home and not work.

Three months later, in mid-April, I wrote again that the Fed’s virtually unlimited money printing was going to be “very inflationary” and encouraged readers to consider gold once again (along with other real assets).

Quite predictably, the price of gold shot up, from $1560 in early January, to $1720 in April, to nearly $2000 in August.

At that point there was a lot of fickle, speculative capital flowing into the gold market. Gold ETFs were receiving huge inflows, pushing the price to (what was then) an all-time high.

So I wrote to our audience again on August 3rd stating that, “a short-term correction may be in order” for gold. The price peaked three days later, and then fell be several hundred dollars per ounce.

I started writing about gold again in earnest back in early 2023, a few months after the price had bottomed out. The fiscal trajectory of the United States under Joe Biden was painfully obvious at that point. The national debt was growing at an unprecedented peace-time pace, and other nations were lining up against the dollar as the global reserve currency.

Gold was a smart move. And by the end of the year I concluded that “we could easily see central banks around the world ditching their US dollars and loading up on gold as part of a new, de-dollarized global financial system.”

And that’s what started happening: fed up with dollar inflation, US government dysfunction, and America’s gargantuan national debt, foreign central banks began trading their dollars for gold.

THE GOLD PRICE SOARED AS A RESULT

Even in March of this year, when gold was at its all time high of the time at $2,150, I wrote that gold was actually a contrarian investment with a lot more room to rise.

It went all the way up to almost $2,800.

Now, I’m not citing my own work to be boastful. Trust me, I’ve gotten plenty of things wrong.

My point is to illustrate that I AM NOT A GOLD BUG. I don’t hold a fanatical view about gold that it’s the only thing worth owning and is only going to go up.

Furthermore, I don’t think about gold strictly in terms of price; that’s way too one-dimensional.

Gold is a great insurance policy. It’s a hedge against systemic risks. It’s great for estate planning and asset protection. It holds its value over inflation over long periods of time. And, sometimes, it can also be a fantastic speculation.

The above examples demonstrate that I’m not shy about saying whether I think gold has been overbought, is too expensive, or too cheap. My assessment obviously changes when the information changes.

Right now one thing is clear: foreign central banks were the ones responsible for driving the price of gold to all-time highs throughout 2024, just as I suggested would be the case in 2023.

And that was happening at a time when most individual investors (plus ‘smart money’ hedge funds) were actually selling gold. So they were missing out on the boom.

But that started to change over the past few months.

Data from Gold ETFs around the world show that individual investors have been buying tons of gold. Problem is— that money tends to be very short-term... and fickle.

We can already see it; a lot of those same small investors have already yanked their money out of gold after the US election, which is why the price is down about 10% from its record high.

But, again, the real long-term driver of gold demand is central banks. And I think a lot of foreign central banks are sitting on the sidelines right now.

With gold already near its all-time high, they have paused their buying spree, and they’re now looking at this incoming administration to see what happens next.

Can Elon trim the federal budget? Will there be a US energy renaissance or AI-fueled productivity bonanza? Will the government become functional once again? Will America’s unparalleled military superiority be restored? Will sensible monetary policy reign in inflation?

Because if those things actually happen, then the dollar has a pretty good shot of continuing its reign as the dominant global reserve currency.

And I think a lot of central banks that have been buying so much gold are happy to wait for the next several months to see what happens. Hence gold could easily trade sideways for a while, or even fall.

All that said, gold is still worth owning... because there’s still long-term risk to the US and to the dollar.

Vladimir Putin recently made some comments that a lot of folks misinterpreted as “Russia and the BRICS nations will keep using the dollar. . .”

But that’s not what Putin said.

Putin said it was the US government’s weaponization of the dollar that pushed Russia and the BRICs nations away. And as long as that threat remains, the BRICS+ bloc is plowing ahead with developing an alternate financial system.

Many large economies have already started trading with one another in a currency other than the US dollar. And that trend is likely to continue, i.e. the dollar is going to have competition.

Not to mention, there’s still a ton of uncertainty in the world. The national debt is still way too high. The Leftists still want to storm to power and Make America California. Conflict might still break out.

These are all sensible reasons to own some gold.

But given that the key driver of the gold price, i.e. central banks, are probably going to sit on the sidelines over the next few months, I wouldn’t be buying right now on the expectation of a short-term price surge.

To your freedom,   James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/what-about-gold-151745/

Seeds of Wisdom RV and Economic Updates Monday Evening 11-18-24

Good Evening Dinar Recaps,

GAMETA AND ROBIN ECOSYSTEM PARTNER TO ADVANCE WEB3 PAYMENT SOLUTIONS

Gameta, a top player in the GameFi market, has commenced an exclusive strategic collaboration with Robin Ecosystem. As per Gameta, the partnership intends to increase Web3 adoption with the merger of advanced payment technologies and gaming innovation. The platform disclosed this endeavor on its official X account.

Gameta’s Collaboration with Robin Ecosystem Marks a Revolution in Web3 Payments
In a recent post, Gameta mentioned that its collaboration with Robin Ecosystems focuses on revolutionizing Web3-based payment solutions.

In this respect, this development increases the accessibility of GameFi and DeFi to a wider audience. Robin Ecosystem has obtained a significant position in the market with its inclusive payment platform. It has integrated its Robin Wallet with a social empowerment instrument Zapry.

By merging the social interaction capabilities and payment solutions, it targets offering a broad forum for Web3 exposure.

Gameta deals with blockchain-based gaming and GameFi. The latest partnership thereof with Robin Ecosystem serves as an opportunity to broaden its access and provide improved payment features.

The collaboration will potentially fortify the gaming ecosystem of Gameta with the integration of Robin Wallet’s consumer-friendly payment solutions. This enables streamlined transfers for rewards and purchases within the games.

Moreover, Zapry’s integration could also improve community engagement and player interaction, making the GameFi experience more immersive.

The Partnership Leads to the Next Wave of Growth in Blockchain Gaming
In line with Gameta’s announcement, the partnership mirrors a wider trend of ecosystem collaborations across the Web3 sector. By filling the gap between payment solutions and gaming, Robin Ecosystem and Gameta are paving the way for the next growth rally for blockchain gaming.

@ Newshounds News™

Source:  Blockchain Reporter

~~~~~~~~~

XRP NEWS: LEGAL EXPERT SAYS SEC’S LATEST APPEAL HAS NOTHING TO DO WITH $125 MILLION PENALTY

Ripple has come a long way since its early days when reaching $1 seemed impossible. Now, with XRP surging past $1, some are even predicting that it could reach previous ATHs at $3.30. While this may sound far-fetched, recent rumors of SEC Chair Gary Gensler’s resignation and Ripple’s potential victory in its legal battle with the SEC have fueled speculation that XRP’s future could be brighter than ever.

Although Gensler’s resignation is still unconfirmed, the mere rumor has sparked a wave of optimism across the crypto space, with many hoping it signals a shift in the SEC’s stance on digital assets.

 If true, it could open the door to greater adoption and investment in Ripple’s XRP. As the momentum continues to build, many are now watching closely to see if this rally is just the beginning of something much bigger for XRP.

Amid the uncertainty, one user claimed that the only remaining issue in the case is the settlement fee, with the SEC seeking more than $125 million. The user also claimed that XRP has already won the key point: it was ruled not to be a security.

But former SEC lawyer Marc Fagel disagreed, saying this view is inaccurate. He explained that the appeal isn’t about a “settlement fee,” as there’s no such thing. Instead, the SEC is appealing the ruling on programmatic sales, while Ripple is cross-appealing the decision on institutional sales.

Fagel wrote, “That’s not remotely accurate, sorry; the appeal has nothing to do with the penalty (there’s no such thing as a “settlement fee”). The SEC is appealing the liability finding for programmatic sales; Ripple is cross-appealing liability for institutional sales.”

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

SWIFT AND CHAINLINK UNLOCK GLOBAL ACCESS TO TOKENIZED ASSETS ACROSS 200+ COUNTRIES

▪️Chainlink and SWIFT will power tokenized fund recovery with a new solution.

▪️With defined roles from both firms, this solution can remove inefficiencies in the mutual fund market.

Building on their existing partnership, Chainlink (LINK) and SWIFT continue to push forward for the global adoption of Real-World Asset (RWA) tokenization. Chainlink, SWIFT, and UBS Asset Management recently highlighted their ongoing tokenization efforts via the Monetary Authority of Singapore’s (MAS) Project Guardian initiative.

How Institutions Can Access Tokenized Asset
Specifically, Chainlink, SWIFT, and UBS have unveiled an innovative pilot for settling tokenized fund subscriptions and redemptions. The solution will enable over 11,500 financial institutions across 200 countries to settle digital asset transactions, particularly tokenized funds.

How can 11,500+ institutions across 200+ countries access tokenized assets?@swiftcommunity, @UBS Asset Management, and #Chainlink showcase their major @MAS_sg Project Guardian work around tokenized fund settlement—a solution that is “extremely practical for commercializing” ↓ pic.twitter.com/U0zSp7RwDi  —  Chainlink (@chainlink) November 7, 2024

This latest advancement uses existing SWIFT infrastructure and Chainlink’s platform to settle fund subscriptions and redemptions. It calculates the preconditions for automatically minting or burning fund tokens for the UBS tokenized investment fund. This technique can improve operations and remove costly inefficiencies across the $63 trillion global mutual fund market.

During a panel session, Andrew Wong, Executive Director at UBS Asset Management, noted that SWIFT and Chainlink have facilitated the automatic minting and burning of UBS tokenized fund tokens.

 He said the integration with SWIFT and Chainlink aims to enhance the payment efficiency of the UBS tokenized investment fund.

In a workflow chart, SWIFT Director Giles Goh explained how SWIFT acts as a transfer bridge for USB’s tokenized fund. He noted that the SWIFT transaction manager will implement a program-scheduled task to retrieve pending subscriptions and redemption from smart contracts.

Chainlink then receives the subscription details, such as the amount and funds distributor ID. 

This is key to ensuring the entire flow from the USB-tokenized fund, Digital Transfer Agent (DTA), and Chainlink to the SWIFT network is coherent. Once the transactions come back down, SWIFT triggers a payment initiation or request.

The fund distributor receives this information and initiates a payment converted to a trackable inter-bank payment over SWIFT UETR. Payment fund delivery is confirmed through the SWIFT network and GPI tracker status update. Next, SWIFT triggers subscription and redemption state closure based on proof of funds delivery.

Chainlink calls the subscription redemption functions in the DTA through its Cross Chain Interoperability Platform (CCIP). Finally, CCIP sends and mints the tokens, fulfilling the entire redemption process. Chainlink’s co-founder Sergey Nazarov commented that the pilot opens up a universe of users, which will likely make the fund more successful.

LINK’s Price and Prediction
Meanwhile, Chainlink’s native asset, LINK, continues to move upward, following in Bitcoin’s footsteps.

At press time, LINK price was trading at $14.65, up 3.09% in the last 24 hours and 28.3% in the past 30 days. However, the daily trading volume decreased by 34.6% to $556.6 million, suggesting likely reduced investor interest in the short term.

@ Newshounds News™

Source:  Crypto News Flash 

 ~~~~~~~~~

🌱 WHAT IS AN EXECUTIVE ORDER EO?  |  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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Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Monday PM 11-18-2024

DJ:  DID YOU KNOW?

Where is the GCR? All the fires lit in Sept., Oct. and Nov. infatically stating the beginning of the GCR, going as far to exact days and even exact times of the day, when it was to begin. Common sense , at the time, would dictate we would see nothing dramatic happen leading up to the general election and most likely immediately following the election .

The transition of administrations in a presidential election creates a period of change and uncertainty, both domestically and internationally.

This process begins the day after the election, as votes are tallied, contested, or certified, and culminates with the inauguration of the next president on January 20th.

The transition affects not only the political landscape but also has significant implications for markets, foreign governments, and the broader economy. During this time, financial markets experience volatility, reflecting investor reactions to perceived political stability or instability.

For example, equities markets might rally if the outcome suggests continuity of policies favorable to business, while sectors linked to anticipated regulatory changes could see sharp movements. Now throw a major change of global currencies in the batch of confusion.

After the winner is confirmed, the transition formally begins, with the incoming administration organizing a team to assume the responsibilities of governance including the selection of cabinet members. It can be assumed that a special agency will have to be established for the sole purpose of regulating the GCR.

Foreign governments closely monitor this phase, seeking signals about the new administration’s policy direction, particularly in areas like trade, defense, and international agreements. Their perception of the incoming leader’s capabilities and stance can influence diplomatic relations and geopolitical stability.

The economy often reacts to expectations of the new administration’s fiscal, monetary, and regulatory policies. Sectors like energy, healthcare, and finance may brace for changes depending on the president-elect’s agenda.

The uncertainty during transitions can lead to a cautious investment climate, with businesses holding off on major decisions until there’s clarity about tax policy, regulation, and spending initiatives. On the other hand, clear and decisive communication from the president-elect can stabilize markets by reducing speculation.

The outgoing administration’s cooperation is crucial in ensuring a seamless transition. This includes granting access to federal agencies, national security briefings, and the provision of budgetary details.. A well-managed transition, however, reassures both domestic and international stakeholders about the resilience of domestic institutions.

Overall, this period serves as a microcosm of the new administration’s governance style. The clarity, organization, and tone set during the transition not only impact domestic confidence but also shape international perceptions of the incoming leadership’s priorities and effectiveness.

 Keeping in mind the GCR is a global event and will require the cooperation and participation of all the sovereign nations. They all will be on hold until they can confirm the U.S. (being the big dog in the fight) is stable and willing to pursue its role in the GCR.

That being said, regardless of any new rumors or predictions in the near future , logic says the GCR would not be able to begin until the new administration takes office and stabilizes. No one wants to build a house on shifting sand.

DJ

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

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

Frank26  [Iraq boots-on-the-ground report]   FIREFLY: Sudani on TV saying his vision of the Iraqi dinar and he believes the Iraqi dinar will surpass the Kuwait dinar in value due to economic reforms and due to currency stability here in Iraq.  And he spoke about our reserves...He talked about how Kuwait dinar was one of the strongest in the world but then he said the Iraqi dinar will pass it.  FRANK:  The Kuwait dinar is $3.25 right now and Sudani told the Iraqi citizens, I got your back.  I told you I was going to give you value, purchasing power.  [Post 1 of 2....stay tuned]

Frank26   [Iraq boots-on-the-ground report]   FRANK CONTINUES:  Sudani is so close to giving you what he promised you that he is now defining it even clearer.  For him to point at the Kuwait value versus the Iraqi dinar value is to give you more monetary reform education so that you will understand how your currency is about to gain purchasing power internally and the real effective exchange rate externally.  Sudani is on the edge of giving you what he promised you...your new exchange rate and your lower notes.   [Post 2 of 2]

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

TNT:

Tishwash:  Government reassurance about Iraq's 2025 budget and oil prices

The Iraqi government reassured about the price of a barrel of oil in Iraq’s budget for the fiscal year 2025.

During his hosting on the {Free Talk} program broadcast on Al-Furat satellite channel this evening, the Prime Minister's advisor, Subhan Mulla Jihad, considered that: "The three-year budget was approved based on the price of a barrel of Iraqi oil at $70, and the schedules change annually, and practically the government has surplus amounts to cover the rest of the year."

He added, "But if prices continue to decline in 2025, we may face some problems in the price of a barrel, which will be set at $60, and all indicators confirm that oil prices will not decline below that."

Mulla Jihad continued, "The House of Representatives has 20 days of legislative recess, and at the beginning of the new legislative session, the 2025 budget schedules will be sent by the government to be approved."

Regarding Al-Sudani's visit to Erbil, Mulla Jihad said, "Al-Sudani's visit to Erbil is very successful and was able to create a solid foundation for future relations," noting that "there is a problem in light of the chaos of previous governments between Baghdad and Erbil due to the failure to implement agreements and the high costs of oil companies contracting with the region as a result of wrong policies in the previous stage, and a satisfactory solution was reached with the region."    link

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

(BOND MARKET FLASHING A WARNING!) AS A BRIDGE TO THE "NEW SYSTEM" IS WELL UNDERWAY.

Greg Mannarino:  11-18-2024

https://www.youtube.com/watch?v=jD2KPZsmke8

Seeds of Wisdom RV and Economic Updates Monday Afternoon 11-18-24

Good Afternoon Dinar Recaps,

RLUSD IS HERE: RIPPLE’S OPERATIONALLY READY STABLECOIN UNVEILED

Ripple has just reached an important milestone, with its President Monica Long confirming that the company’s new stablecoin, RLUSD, is ready for use. This stablecoin is designed to complement Ripple’s main token, XRP, by offering a steadier and more reliable option for people in the crypto world.

Long shared this news during her appearance on The Scoop, where she explained how RLUSD could improve Ripple’s payment solutions. The idea behind RLUSD is simple: it gives users a way to trade tokenized U.S. dollars on the blockchain, helping them avoid the unpredictable volatility that is common in the crypto market.

Ripple Taps Growing Stablecoin Demand Globally
Ripple’s focus on stablecoins fits into a larger shift in the crypto market. Long mentioned that countries in Latin America have shown a growing interest in stablecoins tied to the dollar. 

Europe and Asia are also seen as areas for growth. Ripple plans to offer stablecoins not just in U.S. dollars but also in other currencies like the euro and Singapore dollar.

“Back from a fantastic week at Singapore FinTech Festival, on and off stage, everyone was talking about stablecoins,” Long shared on Twitter. She also pointed out that the increasing demand for reliable, USD-based stablecoins is what’s driving Ripple’s entry into this market.

Besides meeting market demand, Ripple also hopes to attract developers who can create decentralized apps on the XRP Ledger. By offering RLUSD on the XRP Ledger, Ripple is opening up new possibilities for the decentralized finance (DeFi) sector, offering a strong foundation for developers to innovate and grow.

Ripple has already processed over $70 billion in transactions using blockchain technology, showing the rising demand for its services. While XRP is designed for fast, high-volume transactions, RLUSD will serve users who need stability, especially in markets that value clear regulations and financial security.

Ripple’s RLUSD Regulatory Journey
Launching a stablecoin comes with a big challenge: following the rules set by regulators. Ripple is being careful with RLUSD, making sure it checks all the right boxes before it goes live.

The company has already started addressing concerns, like getting a license from New York’s Department of Financial Services (NYDFS) through its purchase of Standard Custody.

RLUSD will be fully backed by reserves, including short-term U.S. Treasury bonds, dollar deposits, and cash equivalents. Ripple has committed to monthly attestations of its reserves, which will be verified by the San Francisco-based accounting firm BPM. This transparency is crucial for gaining the trust of both regulators and users.

Ripple’s RLUSD will be fully supported by reserves, such as short-term U.S. Treasury bonds, dollar deposits, and cash-like assets. Ripple has promised to confirm the status of its reserves each month. An accounting firm from San Francisco, BPM, will verify these reports.

In a recent interview on CNBC’s Street Signs Asia, Long expressed confidence about the future of stablecoins. She highlighted their potential, especially for payments and cross-border transfers. Long believes the stablecoin market will continue to grow, with more coins tied to different fiat currencies.

@ Newshounds News™

Source:  Crypto News Flash

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BLACKROCK’S BITCOIN ETF OPTIONS SET TO LAUNCH TOMORROW

Nasdaq prepareS for the launch of iBIT options, signaling a key milestone for Bitcoin ETFs.

▪️BlackRock's iShares Bitcoin Trust options will begin trading tomorrow.

▪️iBIT has $43 billion in AUM, with Bitcoin ETF trading volumes surging post-Trump’s election win.

BlackRock’s iShares Bitcoin Trust (IBIT) options are set to begin trading tomorrow, according to Alison Hennessy, head of ETP listings at Nasdaq.

In a statement today, the Options Clearing Corporation (OCC), the world’s largest equity derivatives clearing organization, confirmed its readiness to clear and settle options for spot Bitcoin ETFs, such as the BlackRock’s iShares Bitcoin Trust (iBIT).

The statement referenced key developments, including the SEC’s approval on September 20 to allow options trading for the iBIT Trust and the CFTC’s November 15 staff advisory on clearing options for spot commodity ETFs.

Following the announcement, Bloomberg Senior ETF Analyst Eric Balchunas stated it’s “a matter of when, not if.”

Hours later, Alison Hennessy, Nasdaq’s Head of ETP Listings, said on ETF IQ that iBIT options could be listed as soon as tomorrow.

BlackRock’s iShares Bitcoin Trust has already established itself as a major player in the crypto space since its launch in January.

The ETF has amassed $43 billion in assets under management (AUM) and holds nearly 472,000 Bitcoin, reflecting robust institutional demand.

This announcement comes as Bitcoin ETF trading volumes have surged, ranging between $3 billion and $7 billion throughout November.

The uptick coincides with Donald Trump’s victory as the 47th US president, following his widely expected reelection win on November 6.

This renewed optimism mirrors the early-year momentum seen during the launch of spot Bitcoin ETFs in January, when trading volumes ranged between $4 billion and $12 billion before declining in Q2 and Q3.

@ Newshounds News™

Source:  Crypto Briefing

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GOLDMAN SACHS PREPARING TO LAUNCH ITS DIGITAL ASSETS PLATFORM: BLOOMBERG

According to a latest Bloomberg report, Goldman Sachs is preparing to launch a new company focused on its digital assets platform. It is speaking with potential partners as it plans to spin out its digital-assets platform into a new company for large financial firms to create, trade and settle financial instruments through blockchain technology.

Spin Out In 12-18 Months
While the Plans for the new company are in the early stages, but the long-term goal is to execute the spin-out within the next 12 to 18 months, subject to regulatory approvals, noted Mathew McDermott, Goldman’s global head of Digital Assets.

“It’s in the best interest of the market to have something that is industry-owned,” he stated. Electronic trading platform Tradeweb Markets Inc. is its first strategic partner that will work with Goldman to bring new commercial use cases to the digital assets platform. This reflects a growing trend among large institutions to integrate blockchain technology into traditional financial systems.

Goldman’s move mirrors a broader industry trend, where major financial institutions and governments are embracing blockchain technology to enhance the efficiency of traditional asset trading and settlement processes.

In another initiative, Goldman is looking to support secondary transactions in private digital asset companies for its clients. This could make it easier for family offices and other clients looking for liquidity while also allowing buyers to take advantage of private market discounts. The firm also noted that it is preparing to resume its Bitcoin-backed lending activities.

“If you are trying to build out a scalable marketplace, you want to have the right strategic participants embracing this technology,” McDermott said. “You want a number that is nimble enough to operate, driven by the commercial use cases.”

Goldman Sachs Bullish On Bitcoin
Goldman has maintained a bullish stance on Bitcoin throughout the year. In a Nov. 14 filing with the SEC, Goldman Sachs reported about $718 million in holdings in eight Bitcoin ETFs. It has added $300 million to its Bitcoin ETF portfolio since the second quarter, marking a 71% increase. It has also planned to launch three tokenization projects by the end of this year.

@ Newshounds News™

Source: Coinpedia  

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Source:  Seeds of Wisdom Team RV Currency Facts

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