Seeds of Wisdom RV and Economic Updates Thursday Morning 11-21-24

Good Morning Dinar Recaps,

BRICS COUNTRIES GAIN INFLUENCE OVER G20

The G20 summit is ongoing in Brazil’s Rio and all the five BRICS countries are a part of the bloc. The world leaders are discussing trade deals and renewing policies at the summit. US President Joe Biden attended the summit but missed out on the photo op on Tuesday.

However, the world leaders retook the photo op placing Biden at the center and standing next to India’s Prime Minister Narendra Modi to his left and Canada’s Justin Trudeau to his right.

BRICS Influence in G20 Grows

The BRICS countries are having a bigger role in the G20 summit dominating the news cycle and photo ops. The show of unity was on full display making the leaders of Western countries seem like background noise. The show of unity was met with a starkly farcical smile by Biden as leaders clapped and held hands.

“The BRICS countries as a whole are gaining in their role and influence in the G20. This was evident both in Delhi at last year’s summit and in the year before in Indonesia. And here (Rio de Janeiro) it was especially clear,” said Russian Foreign Minister Sergey Lavrov in a press conference.

During the previous G20 summits, BRICS countries rarely hit the news cycles but the 2024 event has turned things around. The bloc is displaying strength through unions and other trade deals indicating their economy can sustain without the West. The alliance recently sent invitations to 13 new nations to join as ‘Partner countries’

Indonesia accepted the invitation to join BRICS as a ‘Partner countries’ while the G20 summit was ongoing. Indonesian Ambassador to Russia, Jose Antonio Morato Tavares said that Indonesia “will actively contribute to and participate in any initiatives of BRICS. This is a positive development. Now, we are already a BRICS partner state,” he said.

@ Newshounds News™

Source:  Watcher Guru

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MALAYSIA EXPLORING WHOLESALE CBDC

Two years ago Bank Negara Malaysia (BNM) outlined its plans for central bank digital currency (CBDC). At the time it intended to explore wholesale CBDC (wCBDC) in the short term and a general purpose retail CBDC this year.

However, during a digital payments event yesterday it disclosed that the emphasis is solely on wholesale CBDC. It believes retail payments are already well served by existing systems.

Currently it is building expertise, performing preparatory work and getting to grips with the technology.

“If we were to issue wholesale CBDC in the future, we would know what it takes and what policy implications we need to bear in mind,” the central bank said, as reported by the Sun Malaysia.

The central bank envisages a wholesale CBDc as supporting interbank settlement for tokenized deposits both domestically and for cross border payments. International payments have been of interest for some time. 

BNM was a participant in Singapore’s multi-CBDC Project Dunbar, and is an observer of mBridge, the cross border CBDC project that is currently at the minimum viable product stage. Active mBridge participants include the central banks of China, Hong Kong, Saudi Arabia, Thailand and the UAE.

Despite its preparations, the central bank has no immediate plans to issue one. It will continue working on wCBDC and DLT during 2024-25. Several Asian economies are currently exploring a wholesale CBDC to support tokenized deposits. They include the central banks of Hong Kong, Korea, Singapore and Taiwan.

Ledger Insights recently released a report exploring tokenized deposits and bank stablecoins, highlighting more than 70 initiatives.

@ Newshounds News™

Source: Ledger Insights 

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🌱NFTS IN COURT?! LEGAL SERVICE VIA AIRDROP EXPLAINED!  |  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 Thursday AM 11-21-2024

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 Thurs. 21 Nov. 2024

Compiled Thurs. 21Nov. 2024 12:01 am EST by Judy Byington

Wed. 20 Nov. 2024 The EBS …Fulford on Telegram

The Earth Alliance, Star Link, and military are ready to execute the final phase. The old world is crumbling, and a new era of freedom is beginning. For years, the Earth Alliance has been preparing, quietly building a secure network of satellites that will make this possible.

The EBS alert will be activated globally but in phases. Depending on your location, you might get it slightly earlier or later, but make no mistake—it’s coming. The phased rollout will prevent the Deepstate from reacting and catch them off-guard. By the time the signal hits every device, the Earth Alliance will have moved to the next stage.

The EBS broadcast could (but not necessarily) last up to 10 days, depending on ground conditions. During this time, there will be no internet, no social media, no TV, no mainstream news. Stock up on food, water, and supplies—you won’t be able to access stores or services during this period.

The Deepstate’s financial institutions will collapse. The Quantum Financial System (QFS) will replace the corrupt system, marking the greatest wealth transfer in history. Banks, stock markets, and fiat currencies will be obliterated, replaced by a fair system that serves the people.

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Global Currency Reset:

Wed. 20 Nov. 2024 Wolverine: “I’ve had numerous messages that we are definitely going to have a wonderful, wonderful Christmas and hopefully by tomorrow we’ll have some good news.”

Tues. 19 Nov. 2024 Mark Z: “I am now getting great chatter from the bond side. They are very hopeful and if they are right- by Thursday we should get an announcement. This is from some really solid contacts and I really hope they are right. Some of my other top notch contacts said they have not heard that yet….so we will see. There is a lot of misinformation put out there on purpose. Buckle up- we know things are close.”                                                                                                                                                                     

Wed. 20 Nov. 2024: GESARA and Humanity’s Liberation: End of Debt Slavery, Global Reset in Motion—A**********e Exposed, GitmO Military Alliance Preparing, and EBS Set to Trigger the 10 Days of Darkness! – Gazetteller  Tier 4b appointments (the Internet Group) are being scheduled, with updates pointing to a time frame around late November for bondholders to have their accounts activated. Simultaneously, BRICS nations are finalizing their Reserve Currency launch, delivering a direct strike against the U.S. dollar’s dominance.

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Possible Timing: Ezra A. Cohen on Telegram

Tues. 19 Nov. 2024: This week marks the beginning of the end for the old system. Bank of America, Deutsche Bank and JP Morgan on the brink as stock markets tumble and the QFS rises from the ashes.

Wed. 20 Nov. 2024: Iraq rejoices. The new Dinar Rate heralds a new era.

Thurs. 21 Nov. 2024: The QFS is unveiled, ushering in a revolution.

Sun. 1 Dec. to Mon. 2 Dec. 2024: Project Sandman with an expected fall of US Dollar.

Read full post here:  https://dinarchronicles.com/2024/11/21/restored-republic-via-a-gcr-update-as-of-november-21-2024/

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

Frank26  Question: "You said we didn't need the census for the HCL, we're using Article 140 the old census right?"  That's right, under the old exchange rate.  The new exchange rate will be with the new monetary reform...This census is important.

Militia Man  Economic stability is going to have a strong viable internationally acceptable currency.  That's why we're here and invested in this.  Take it seriously. 

Bruce  [via WiserNow]   ...we did hear a few days ago - guess it was over the weekend...that it was very likely that we would get started this week, and that was really good news...So that's what we've been waiting for...This is the information we've been looking to receive. Very excited about it.

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Urgent (Legal) Info for IQD Investors Holding IQD Banknotes

Edu Matrix:  11-21-2024

Urgent Legal Info for IQD Investors Holding IQD Banknotes - In this video, you will learn why holding Iraqi dinars for business is legal and okay.

However, banks holding dinars for speculation is NOT legal. Individuals holding IQD for speculation is not legal either - This is why the channel talks about ways to invest in Iraq without it being obvious that your currency is for speculation purposes.

This is not a big deal. However, it could become an issue. The video explores the archives on the subject of the IQD for investment purposes on the U .S. State Departments website.

You will learn how:

1. To travel with less than $10,000.

2. You will learn what happens when you travel for more than $10,000.

3. You will learn what happens if you break the rules.

4. You will learn how to safely travel with large sums of money.

 5. You will learn about money exchanges in Iraq for those who are NOT U.S. citizens.

https://www.youtube.com/watch?v=YIotE7RBpp4

Seeds of Wisdom RV and Economic Updates Wednesday Evening 11-20-24

Good Evening Dinar Recaps,

A NEW FRONTIER: COURT AUTHORIZES SERVICE OF PROCESS THROUGH NFT AIRDROP

In a landmark decision highlighting the unique aspects of blockchain technology, an S.D.N.Y. Bankruptcy Judge ruled in favor of Celsius’s motion for alternative service, whereby Celsius sought to provide legal service by airdopping non-fungible tokens (NFTs) to anonymous defendants’ digital asset wallets.

Judge Approves Celsius’s NFT Airdrop for Legal Service
In the wake of the cryptocurrency exchange’s insolvency, its bankruptcy estate filed suit seeking to void allegedly fraudulent transfers and recover additional funds for its creditors.

Due to the pseudonymous nature of the technology, however, Celsius has thus far been unable to identify the owners of the wallets connected to the relevant transfers.

As a result, the Litigation Administrator designed a novel solution for an alternative method of service. Celsius proposed to airdrop NFTs that include a hyperlink to a website containing the complaint and other relevant legal documents to the wallet addresses in question. 

To ensure the NFTs are properly served, Celsius will have FTI Consulting confirm the wallets receive the NFTs on-chain, and record the exact date and time the NFTs are opened. FTI will also monitor website traffic to ensure the links are opened by actual humans rather than automated bots.

Furthermore, FTI Consulting confirmed that it traced the transfers to the wallets in question, that the wallets have been active since the transfers, and that the same individuals likely remain in control of the wallets.

Alternative methods of service are generally permitted if the statutory methods of service are “impracticable.” According to New York case law, service is typically impracticable when the plaintiff is unable to locate either a business or home address for the defendant despite diligent efforts to do so.

 Alternative methods must also satisfy constitutional due process requirements, which requires service to be reasonably calculated, under all the circumstances, to give notice to interested parties of the nature of the action against them.

Recognizing that the anonymity of the wallet owners deemed traditional service impracticable, the Court was satisfied the defendants were likely to receive the summons and complaint via the hyperlink in the NFT since the NFT was being sent to the exact wallets used by the defendants to receive the funds at issue, and the activity could be traced on-chain.

Judge Glenn concluded the NFT airdrop was “the best possible way” to apprise the defendants of the actions against them, and praised Celsius on its “innovative” solution. In terms of service, email addresses pioneered the way for the internet. Wallet addresses just paved the way for blockchain.

This case highlights one of the many challenges of adopting new technology into society, and exemplifies how blockchain technology continues to disrupt the status quo. Luckily, the industry has taken the initiative to craft novel solutions that allow for its implementation into everyday life.

As attorneys operating exclusively in the digital asset space, we understand the importance of staying up to date on the latest developments and helping clients stay informed whenever the legal landscape shifts.

Whether you are an investor, entrepreneur, or business involved in cryptocurrency, our team is here to provide the legal counsel needed to maneuver this complex landscape. If you believe we can be of assistance, schedule a consultation here.

@ Newshounds News™

Source:  Bitcoin News

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SHANGHAI JUDGE SAYS CRYPTOCURRENCY IS A COMMODITY, LEGAL TO OWN

Shanghai Judge Sun Jie calls virtual currency a commodity with property attributes in a commentary on a 2017 business dispute.

A judge in the People’s Court of Songjiang District in Shanghai, China has released an article on the court’s WeChat account about the legality of issuing virtual currency in China. She was commenting on a business dispute dating to 2017, but her opinion sheds light on cryptocurrency’s murky legal status in China.

A virtual commodity with property attributes
An agricultural development company signed a “Blockchain Incubation Agreement” with an investment management company to produce a white paper as the basis for the issuance of a cryptocurrency, paying 300,000 yuan (about $44,400 at the time) for the service.

A year later, no token had been produced, and the investment company said the agricultural company should develop an app before the token could be issued. Instead, the agricultural company sued to recover the money it had paid.

The court ruled that the agreement between the companies envisioned illegal activities, for which both sides were at fault. It ordered the investment company to return 250,000 yuan.

Judge Sun Jie wrote that virtual currency does not have the status of fiat currency, but is rather a virtual commodity with “property attributes.” She stated:

“Although it is not illegal for individuals to simply hold virtual currency, commercial entities cannot participate in virtual currency investment transactions or even issue tokens on their own.”

How banned is crypto in China?
The judge went on to give a lengthy warning about the potential ills of cryptocurrency. For example:

“Virtual currency trading speculation activities such as Bitcoin will not only disrupt the economic and financial order, but also may become a payment and settlement tool for illegal and criminal activities, breeding money laundering, illegal fund-raising, fraud, pyramid schemes and other illegal and criminal activities.”

By “blindly participating in virtual currency transactions,” individuals and enterprises may not have the full protection of the law, the judge concluded. The article reproduces Article 153 of the Civil Code of the People’s Republic of China, as it is the relevant legislation to the case.

China ordered virtual currency exchanges to close down in 2017. In 2021, the People’s Bank of China and 10 Chinese government agencies joined forces to tighten control over transactions with virtual currencies. Nonetheless, ownership of crypto was never prohibited.

@ Newshounds News™

Source:  CoinTelegraph

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IRAQ'S ACCESSION TO THE WORLD TRADE ORGANIZATION (WTO)  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

What’s up with Buffett and his $325 Billion Pile of Cash?

What’s up with Buffett and his $325 Billion Pile of Cash?

November 20, 2024 Notes From the Field By James Hickman (Simon Black)

Much has been written about Warren Buffett having sold a substantial amount of stocks. And his company, Berkshire Hathaway, is sitting on a record $325 billion cash pile as a result.

Buffett has often said that his preferred holding period for an investment is "forever". So the fact that he has sold so much stock has many observers proclaiming that "Buffett is predicting an imminent stock market crash."

Except that he's not. Buffett is a pretty transparent guy who has never been afraid to speak his mind. If he were predicting a crash, he'd probably say it.

Besides, Buffett has sold plenty of stocks in the past; this is not an anomaly. In 2022 and 2023, for example, he dumped shares of Chevron, Activision Blizzard, Taiwan Semiconductor, and HP.

This time around he sold off some shares in Apple and Bank of America. But he actually explained WHY-- especially with Apple. And I think his reasoning is worth mentioning.

Buffett explained to a reporter that "We don’t mind paying taxes at Berkshire. And we are paying a 21% federal rate,” which amounted to $5 billion last year.

But he continued, saying that the US federal corporate tax rate "was 35% not long ago, and it’s been 52% in the past. . . With the present fiscal policies, I think that something has to give, and I think that higher taxes are quite likely," i.e. that the government will take "a greater share of your income, or mine, or Berkshire's."

"So if I’m [selling Apple stock] at 21% [tax rates] this year, and we’re doing it at a lot higher percentage later on, I don’t think [shareholders] will actually mind that we sold a little Apple this year.”

This is a critical takeaway.

Nations with enormous debts and deficits can’t live beyond their means forever; Buffett isn't predicting a market crash-- he's predicting higher taxes... that, sooner or later, the federal government is going to have a take a much bigger bite out of people's paychecks.

As I've written before, there's a chance that Buffett's prediction might be wrong. It IS still possible for the US to get back on the right track-- a combination of government efficiency, spending cuts, de-regulation, and a technology (AI) fueled productivity boom could generate such an economic boom that the country COULD grow its way out of debt without having to resort to higher taxes (or inflation).

But the new administration will have to get moving immediately. Otherwise, Buffett will be proven right: higher taxes will be inevitable.

His decision to sell Bank of America stock is even more obvious and also bears mentioning. Quite simply, Bank of America is in deep trouble.

You probably recall how the Federal Reserve slashed interest rates all the way down to zero during the pandemic. It was ridiculous-- the US government was able to sell Ten Year notes with a yield of less than 0.4%.

Talk about a ******* deal. The largest debtor in the history of the world was selling bonds with such a pitiful yield that they didn't even keep up with inflation. Who would be such an idiot to buy such a terrible asset?

Bank of America, that's who. In fact, Bank of America invested hundreds of billions of dollars of their depositors' savings in these terrible assets.

Well, now that interest rates are literally more than 10x higher (from 0.4% to more than 4%), those same bonds that Bank of America bought back in 2020 and 2021 have lost a TON of money. BofA is sitting on more than $100 BILLION in unrealized losses from their bond portfolio.

Remember, this is the same reason that Silicon Valley Bank (among others) went bust last year-- the bonds they bought during the pandemic lost a ton of value, and the bank was wiped out. Bank of America is in a similar position now.

The key difference is that Bank of America has enough capital on its balance sheet to sustain those losses. So they might not be wiped out or fail. But the implications for shareholders are pretty bad.

Whenever a bank gets into trouble, the first thing that happens is the regulators step in and start making a bunch of demands. In this case, the FDIC and Fed will probably force Bank of America to raise more capital.

This will have the effect of severely diluting existing Bank of America shareholders... which most investors, especially Buffett, absolutely HATE.

The second thing that regulators always do with troubled banks is force them to suspend their dividend. And dividends are among the top reasons why Buffett likes to hold companies "forever". So given the likely prospect of zero dividends and heavily diluted shares, it looks like Buffett is getting out before regulators drop the hammer on Bank of America.

This is a big difference from "Buffett predicting a crash" as so many headlines across the Internet have been suggesting.

That said, the US stock market in general is definitely looking very expensive and near historically high valuations once again.

But there's at least one sector that's still cheap: real assets.

I've been writing for most of the past two years that real assets make a lot of sense to own, especially during inflationary times. Real assets were THE asset class to own during the 1970s stagflation.

The US is currently on the same path-- with its national debt constantly surging to new record highs (now $36 trillion), suggesting that another bout of nasty inflation could be in order down the road.

But, again, there's now a reasonable chance that the new administration is able to get the nation's finances on the right track... potentially forestalling an inflation spike and debt crisis.

So do real assets still make sense?

For now, yes. Natural gas is a great example-- as I've explained before, US natural gas is still incredibly cheap. And any American energy renaissance will depend heavily on natural gas. Prices could surge as a result, and natural gas producers could boom. Yet many companies' shares are still available for peanuts.

Bottom line, it still makes sense to consider fantastic real asset producers-- especially when they are profitable, low-debt, dividend-paying businesses that trade at absurdly low valuations.

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

https://www.schiffsovereign.com/trends/whats-up-with-buffett-and-his-325-billion-pile-of-cash-151751/

Controlled Demolition of Economy Underway, Short Oil and Go Long Gold

Controlled Demolition of Economy Underway, Short Oil and Go Long Gold

VRIC Media:  11-19-2024

In a compelling discussion that took place on VRIC Media hosted by Jesse Day, economist and market analyst Francis Hunt shared his bold views on the current economic strategies employed by the Federal Reserve and central banks across the West. According to Hunt, we are witnessing what he describes as a “controlled demolition” of the economy, a scenario rife with implications for individual investors and the broader societal landscape.

Hunt’s perspective is rooted in the belief that the actions of the Federal Reserve and other central banking institutions are strategically designed to serve the interests of the Davos Elite—a term commonly used to reference the powerful figures who gather annually at the World Economic Forum in Davos, Switzerland.

This supposed agenda, he argues, is focused on tightening government control over an increasingly indebted populace. As public debt soars and spending appears controlled, Hunt warns that these strategies will lead to more significant societal changes that favor the elites at the expense of the everyday citizen.

In light of this ominous outlook, Hunt recommends specific investment strategies that align with his vision. He stresses the importance of shorting oil while simultaneously going long on gold. The reasoning behind this dual strategy is tied to anticipated shifts in energy prices and the protective characteristics of gold, which Hunt regards as a refuge during periods of economic instability.

“Gold has historically been a safe-haven asset during turmoil. When currency valuation comes under threat—especially with rising inflation and interest rate hikes—gold stands resilient against economic forces,” Hunt noted. On the other hand, good investors must be wary of oil, especially given the geopolitical shifts impacting its pricing.

In this episode, Hunt also provided insights into the cryptocurrency landscape, particularly focusing on Bitcoin. He appears skeptical of Bitcoin’s trajectory, suggesting that it has been co-opted by major financial players like BlackRock. Hunt posits that what was once heralded as a decentralized monetary system is now being manipulated by institutional giants, diminishing its initial promise as an alternative to traditional finance.

If gold is a conservative bet in uncertain times, Hunt points to silver as an asset with significant potential. “Silver has applications not only in investment but also in industry—particularly in renewable energy technologies,” he explained. This dual demand could propel its value upward as green technologies gain traction and global initiatives push towards sustainability. Hunt believes investors should closely monitor silver as an underrated asset with much room for growth.

The conversation also touched upon current political sentiments, particularly regards to a potential Trump presidency. Hunt’s analysis underscores the polarizing effect of political narratives on the economy.

Francis Hunt’s discussion with Jesse Day paints a picture of an economic environment that is fraught with complexity and uncertainty. While the strategies and correlations he presents may seem contradictory at first glance, they form a cohesive narrative about an economy under strain. Investors navigating this landscape might find themselves grappling with both traditional and emerging assets.

In times marked by rapid change and potential destabilization, both Hunt’s cautionary stance and the investment strategies he advocates—shorting oil, going long on gold, and keeping a close eye on silver—offer a roadmap for navigating the complexities of our economic future. Whether or not you align with Hunt’s views, their consideration prompts essential dialogue on the intersection of finance, politics, and the overarching forces shaping our world today.

https://youtu.be/SEp2amQGy2o

https://dinarchronicles.com/2024/11/19/vric-media-controlled-demolition-of-economy-underway-short-oil-and-go-long-gold/

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 11-20-24

Good Afternoon Dinar Recaps,

BIS RESEARCH FINDS PROS DOMINATE CRYPTO DEX DEFI EXCHANGES

In traditional finance (TradFi), market makers and high frequency traders act as intermediaries on exchanges. Decentralized Finance (DeFi) was meant to provide an alternative, with retail investors providing liquidity in a crowdsourcing manner.

The Bank for International Settlements (BIS) was curious about the extent of disintermediation, so it crunched the data on decentralized exchange (DEX) transactions. It found that sophisticated players dominate and are equivalent to professional intermediaries in TradFi.

That said, a sophisticated player in the crypto world could still be a spotty teenager working in their parent’s basement, albeit a wealthy one. So from that perspective, DeFi is democratized.

Despite retail investors making up 93% of DEX liquidity providers (LPs), a few larger actors provide 65-85% of the liquidity on DEXs. They also dominate profits, making an average net return of 3 basis points more daily. That’s equivalent to 11.65% more annually compared to retail LPs. While the average position of a retail investor is $29,000, for the professionals, the figure is $3.7 million.

The BIS found that retail investors earn about 10-25% of fees and are generally less skilled.

More sophisticated AMMs favor the pros
The study focused on Uniswap V3. In the early days of DeFi, the algorithmic model used by most automated market makers (AMMs) was a crude straight line formula. That meant that a crypto holder could provide liquidity in a relatively passive manner.

That changed with Uniswap V3, which encourages liquidity providers to target narrow price ranges close to the market price, helping to provide deeper liquidity around the price action.

Given prices are dynamic, that requires more monitoring. If an LP provides a broad price range, something retail LPs are more prone to do, their position will be inactive some of the time, earning less fees. The research showed that sophisticated LPs provided significantly narrower tick range spreads, less than half of retail LPs’ range.

The introduction of V3 has accelerated the shift to sophisticated players. At launch, sophisticated LPs accounted for 40-50% of transactions, rising to 70-80% by the end of 2023.

Sophisticated LPs show distinct patterns. They target high volume pools where daily trading volume exceeds $10m, and they completely dominate those pools. 

Retail LPs provide liquidity to pools where volumes are less than $100,000 a day. Sophisticated LPs also target less volatile trading pairs, which are lower risk.

However, when the markets are in a temporary volatile period, the pros really stand out. During those times, rather than earning 3 basis points more than retail daily, the figure is 2.5 times higher at 7.6 basis points.

@ Newshounds News™

Source: Ledger Insights 

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RUSSIA CRACKS DOWN ON CRYPTO MINING AMID WINTER ENERGY CRISIS

▪️Russia plans to ban crypto mining in specific regions to address energy shortages during winter.

▪️The ban will affect Siberia and certain Ukrainian territories under Russian control, with varying degrees of restriction.

▪️The move comes alongside new crypto regulations aimed at overseeing mining activities.

As winter approaches, Russia, one of the world’s top cryptocurrency mining hubs, is gearing up to impose targeted bans on mining to address looming energy shortages. Alongside the U.S., China, Kazakhstan, and Canada, Russia has become a key player in the global mining scene.

However, with winter temperatures plunging and energy demands rising, the country is forced to make tough choices.

The Moscow Times reports that these restrictions will mainly affect Siberia and Ukrainian territories currently under Russian control.

Crypto Mining Restrictions During Winter Months
A government commission, led by Deputy Prime Minister Alexander Novak, has outlined the plan to ensure stable energy supplies during the heating season. Starting December 1, 2024, mining in Siberia will be suspended until March 15, 2025, with similar bans scheduled annually through 2031.

In addition, the North Caucasus and occupied Ukrainian regions will face a total mining ban from December 2024 to March 2031, with no seasonal exemptions, as reported by Kommersant.                              

New Regulations in Effect

These mining bans are part of a broader set of crypto regulations signed into law by President Vladimir Putin on November 1, 2024. The new rules aim to regulate mining activities and establish infrastructure for experimental cross-border cryptocurrency transactions.

While domestic crypto payments remain illegal, Russian lawmakers view these measures as a possible way to bypass international sanctions by using digital currencies.

The Energy Cost of Crypto Mining
As the world’s second-largest cryptocurrency mining country after the U.S., Russia uses about 16 billion kilowatt-hours annually for mining—roughly 1.5% of its total electricity consumption, according to the Energy Ministry. In addition to the mining bans, the new laws introduce taxes on mining activities, which could generate up to 200 billion roubles ($2 billion) annually for the Russian economy.

Bitcoin Mining Difficulty Soars
Bitcoin’s mining difficulty has recently hit a record 102.29 trillion, reflecting the increasing computational power needed to secure the network.

This key metric adjusts every two weeks to maintain steady block production despite fluctuations in miner activity. Since mid-2024, Bitcoin’s mining difficulty has increased by nearly 20%, driven by intense global competition.

At the same time, Bitcoin’s hash rate peaked at over 900 EH/s before stabilizing around 730 EH/s.

Russia’s decision to implement these mining bans highlights the country’s challenge of supporting the expanding crypto sector while ensuring enough energy is available during peak demand periods.

@ Newshounds News™

Source:  Coinpedia

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JUST IN: 🇷🇺🇨🇳 China and Russia officially complete East-Route Natural Gas Pipeline, directly connecting both countries.

The pipeline is expected to deliver 38 billion cubic metres of natural gas annually.

@ Newshounds News™

Source:   BRICSNews

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🌱THE "BRUNSON CASE" AND WHY IT IS IMPORTANT  |  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

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Wed. Afternoon 11-20-2024

KTFA:

Clare:  Al-Najjar: The Development Fund aims to mobilize Iraqi savings estimated at $70 billion

11/20/2024

 London

The Executive Director of the Iraqi Development Fund, Mohammed Al-Najjar, said on Wednesday that the fund has six goals, one of which is to mobilize the savings of the Iraqi people.

Al-Najjar said during a dialogue seminar organized by the Chatham House Research Center in Britain and attended by the Al-Eqtisad News correspondent, that "the Iraqi government has begun to reform many economic laws that would regulate the lives of citizens and preserve their rights."

He added that "the Iraqi Development Fund has six goals, including mobilizing the private savings of the Iraqi people, estimated at 60-70 billion dollars."

He explained that "the development road is considered one of the most important strategic projects for Iraq, and several countries will participate in it, and it will shorten the time for transporting goods by 15 days."

Al-Najjar continued that "women in Iraq wear gold worth 18 billion dollars," noting that "Iraq needs 8,000 schools, so the Iraqi Development Fund has granted land to build schools."  LINK

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Frank26:  "HCL BEING PREPARED!!!"........F26

Trade Bank of Iraq opens an office inside the SOMO oil company building

11/17/2024  Baghdad - INA

Today, Sunday, the Trade Bank of Iraq (  TBI ) announced the opening of an office inside the SOMO oil company building.

The bank's media advisor, Aqil Al-Shuwaili, said in a statement to the Iraqi News Agency (INA): "In cooperation with SOMO, an authorized office was opened inside the company's building to issue documentary credits to facilitate all transactions between the Oil Marketing Company " SOMO " and the bank regarding the export and import operations of all petroleum products."

He added that "this contributes to supporting the national economy and developing the energy sector, which is one of the main drivers of the Iraqi economy," noting that "these measures come within the work plan of the bank's management, represented by its chairman, Bilal Al-Hamdani, to develop banking work."

He stressed that "this will contribute to improving and developing the bank's services provided to all customers in
line with the Prime Minister's directives to develop the banking sector and improve all services."LINK

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  The census is for real.  Sudani says this is a really really serious census, I want you to participate and he needed us to work with him.  Sounds like it has to be tied in with legal things that need to be done and finished up before the official exchange rate rolls out.  Just what we think here on the streets.  FRANK:  After the census I believe things will start to be revealed to you...

Mnt Goat   ...the IMF fully intends to repeg the IQD to a basket of currencies once they revalue it and turn it back on FOREX (...this is called a reinstatement...).   It will initially be a FREE FLOAT driven by market fluctuations however it will be monitored and my CBI contact has told me they will cap it at a level to control the initial massive swings, if needed. Then over a period, the rate is expected to settle down to its nominal rate. I am told this could be about $3.85ish. The then CBI director in 2011 Dr. Shabibi told his audience in a news media conference on the Iraqi economy that the dinar could sustain a fluctuation as high as $16 USD...I am told that the IMF will use the cap at about $9 - $11 to prevent wild swings out of control that could potentially hurt the basket.

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2025. DOLLAR CUT IN HALF. MORE WAR. MORE DEBT. FORCED SUFFERING. BRIDGE TO NEW SYSTEM.

Greg Mannarino:  11-20-2024

https://www.youtube.com/watch?v=S6nUhOP6HZU

'We've Passed the Point of No Return' - Debt Bomb Will Ignite GOLD: Clive Thompson

Commodity Culture:  11-20-2024

Clive Thompson believes the main driver for the gold price is the untenable debt and deficits in Western economies that are only set to accelerate, and he thinks this debt bomb will ignite the gold price higher once it eventually explodes. Clive also provides his outlook for silver, explains where he's seeing value in markets today, and much more.

https://www.youtube.com/watch?v=0NyKfoKCOyA

Seeds of Wisdom RV and Economic Updates Wednesday Morning 11-20-24

Good Morning Dinar Recaps,

BRICS NEWS:  4 NEW COUNTRIES SHOW INTEREST TO JOIN BRICS ALLIANCE

A total of four new countries have expressed their interest in joining the BRICS alliance this month. The number of countries that are ready to be a part of the bloc is only growing lately. The de-dollarization agenda, clubbed with a renewed consideration of local currencies is what’s attracting emerging economies into the bloc.

Four new nations have come forward officially expressing their intent to be a part of the BRICS alliance. The four countries that want to join the bloc are: Bolivia Columbia Libya Namibia

While Bolivia is already a part of the BRICS alliance via the ‘Partner countries.’ It is now looking to be a full-time member. “BRICS is a new alternative that will be able to help first of all countries like Bolivia, but also many others,” said Foreign Minister Celinda Sosa. “This shows that there is a vision of integration, a multilateral vision where all countries have this opportunity,” she said.

Columbia, Libya, and Namibia are knocking on the doors of the BRICS alliance for an official membership. Nonetheless, the expansion could only happen in 2025 as the bloc started the new ‘Partner Countries’ initiative. Therefore, these countries are unlikely to be a part of the grouping this year or any time soon.

The BRICS alliance invited 13 new nations to join the bloc as ‘Partner Countries’ during the 16th summit in Kazan. Russian President Vladimir Putin confirmed that all the countries will officially become partners after they approve the invitation.

“The establishment of a new category of partner countries has become a significant conclusion of the Kazan Summit. The list of potential candidate countries was also agreed upon, to which the Russian presidency will send a relevant invitation,” said Putin.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

PAYPAL TAPS XOOM FOR CROSS-BORDER STABLECOIN PAYMENTS

The partnership is designed to expand access to PYUSD in Asian and African markets, PayPal said

PayPal has tapped Xoom to enable cross-border payments using its stablecoin, PayPal USD, the payments giant said on Nov. 19.

The partnership is designed to expand access to PYUSD in Asian and African markets and let PayPal settle cross-border transactions outside of traditional banking hours, PayPal said.

Xoom is working with Cebuana Lhuillier and Yellow Card to handle PYUSD disbursements.

“[S]tablecoins like PYUSD are changing the payments landscape, and by integrating our technology, they will be able to move money in the most effective way possible thanks to our stablecoin and payments infrastructure,” Chris Maurice, Yellow Card’s CEO, said in a statement.

Launched in 2023, PYUSD is backed 1:1 by US dollars and is issued by Paxos Trust Company, a United States-regulated crypto custodian. It competes with other regulated, dollar-backed stablecoins, such as Circle Internet Financial’s USDC.

An Ethereum-compatible ERC-20 token, PYUSD is the only stablecoin supported on PayPal’s payment rails. It is designed to be “available to an already large and growing community of external developers, wallets and Web3 applications” and easily onboarded by cryptocurrency exchanges, according to PayPal.

PayPal has been taking steps to expand PYUSD’s accessibility, including working with Anchorage Digital to launch a rewards program for clients who custody PayPal USD stablecoins with the crypto custodian.

In May, PayPal launched PYUSD on Solana, partnering with Crypto.com, Phantom and Paxos to on-ramp users onto the blockchain network.

It also partnered with Web3 infrastructure provider MoonPay to buy cryptocurrency using a PayPal account. That partnership extended to on-ramping users to crypto betting platform Polymarket in July.

Coinbase, which also has an institutional custody arm, incentivizes users to hold stablecoins on its platform as well. It currently offers approximately 5.2% annual percentage yield on USDC. Coinbase owns an equity stake in Circle.

Despite its recent successes, PYUSD still greatly lags behind dollar-pegged stablecoins USDT and USDC. According to data from CoinMarketCap, the two leading stablecoins command market capitalizations of some $128 billion and $37 billion, respectively.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

🌱 MELANIA TRUMP'S LAUNCH OF THE "ON THE MOVE" DIGITAL SERIES IS SIGNIFICANT FOR SEVERAL REASONS  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

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Subscribe to Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Wednesday AM 11-20-2024

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. 20 Nov. 2024

Compiled Wed. 20 Nov. 2024 12:01 am EST by Judy Byington

Possible Timing: Ezra A. Cohen on Telegram

Tues. 19 Nov. 2024: The clock is ticking and the storm is nearing. This week marks the beginning of the end for the old system. Bank of America, Deutsche Bank and JP Morgan on the brink as stock markets tumble and the QFS rises from the ashes.

Wed. 20 Nov. 2024: Iraq rejoices. The new Dinar Rate heralds a new era.

Thurs. 21 Nov. 2024: The QFS is unveiled, ushering in a revolution.

Sat. 30 Nov. 2024: The World tunes in, the EBS activates and no one is left unaffected.

Sun. 1 Dec. to Mon. 2 Dec. 2024: Project Sandman Fall of US Dollar.

~~~~~~~~~~

Tues. 19 Nov. 2024 Bruce:

On Sun 17 Nov. they tested four different foreign currencies and they passed the test.

Some politicians were trying to get a early start on the QFS, and they were arrested

Over the weekend Bruce was told we would get started this week

The RR payments are divided into three age groups 30-45 years, 45-60, and 60 plus.

Age Group 60 and older: if you are getting SS your RR will pay you a lump sum to the bank where you receive your SS payment, unless you are exchanging, and then your RR will be put in your Quantum Account as you are exchanging.

Age Group 30-45: you get monthly payments for 30 years. You will be required to sign a document promising to keep on working at your job for another 15 years. If you don’t have a job, you will promise to get a job.

Age Group 45-60: RR monthly payment every year for two years. You will sign an agreement that you will work another ten years.

RR starts to pay out when you are exchanging currency, or if you don’t have currency, the first week of December.

SS increases take place in December. It will be substantial.

GCR RV: Bond Holders will receive notification overnight tomorrow Wed. 20 Nov.

Tier 4b (us, the Internet Group) notification by or before noon tomorrow.

Call the Call Center using the toll free number and the zip code where you want to exchange.

You will have your exchange appointment 2-4 hours after you set your appointment – they could start Wed. afternoon 20 Nov. 2024.

Currencies on the Forex have been trading at great rates. Contract Rate on the Dinar is very strong. Dong has been traded up.

Read full post here:  https://dinarchronicles.com/2024/11/20/restored-republic-via-a-gcr-update-as-of-november-20-2024/

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

Militia Man  Article:  "The deletion of the zeros and evaluate the dinar"  They're talking about the concept of currency revaluation which means, quote:  "...a calculated upward adjustment of a country's official exchange rate..."  This particular article supports the fact that they're openly educating their citizens as we speak...I think you guys really should know how close this is because why would they be talking about this now when it wouldn't be necessary?  It would be absolutely 100% talking about it now because they want  to make sure everybody knows what's happening, without saying what's happening.  That's how it works.  It's fascinating to watch...

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:IMF on TV news praising Iraq for their financial and banking reforms and development.  FRANK:  Have you noticed the IMF is constantly, almost weekly, now bragging about the monetary reform process of the Central Bank of Iraq?  Bragging about it.  If you go to the IMF website, it will tell you in English the Iraqi dinar is going through a revaluation right now.  There's no secrets.

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Why The Bond Market Collapse Could Trigger The "End Game" | Rafi Farber

Liberty and Finance:  11-19-2024

Rafi Farber highlights that bond yields have been rising even as the Federal Reserve is cutting interest rates, which is unusual.

Historically, when the Fed cuts rates, long-term bond yields tend to fall. This phenomenon hasn't occurred since 1981, signaling that the bond market may be in a bear market.

Farber suggests that the only way the Fed could halt rising bond yields is by buying up the entire bond market, similar to Japan's strategy. However, this could lead to the collapse of the dollar, as the Fed can't engage in such extreme measures without undermining the world's reserve currency.

INTERVIEW TIMELINE:

0:00 Intro

1:20 Bond market crisis

 6:24 Preparedness

13:41 Basis trade

16:20 Gold update

19:00 Bitcoin vs gold

23:00 The End Game Investor

https://www.youtube.com/watch?v=7MXbU3UprD8

“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

~~~~~~~~~

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

~~~~~~~~~

🌱 BIG REWARDS FROM STAKING! WHAT IS IT? |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions 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.

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

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/