Why a Global Currency Reset, Gold and Blockchain Alliance Are Unstoppable Forces in the New Financial System

Why a Global Currency Reset, Gold and Blockchain Alliance Are Unstoppable Forces in the New Financial System

Awake-In-3D   November 24, 2024

As currencies revalue and gold returns to prominence, blockchain emerges as the foundation of a new monetary system.

The financial world is at a turning point, and I want to share why this moment is so significant for all of us. For decades, fiat currencies have dominated the global economy, but their instability has created challenges we can no longer ignore. Now, a powerful shift is underway—a Global Currency Reset and Blockchain movement that merges gold’s timeless value with the efficiency of blockchain technology. This alliance has the potential to reshape the financial system entirely, and I’m here to walk you through why it matters and what it could mean for our future.

We now find ourselves witnessing a profound financial system transformation, one that parallels the United States’ departure from the gold standard in 1971. This time, the shift is marked not by the abandonment of gold but by its resurgence alongside the adoption of blockchain technology and cryptocurrencies. A growing alliance between traditional banking institutions, blockchain platforms, and the reintegration of gold as a foundational asset signals a significant leap toward a tokenized financial future—one widely viewed as a precursor to a Global Currency Reset and Blockchain transformation.

According to a recent McKinsey & Company report, ‘Tokenised financial assets: Moving from pilot to scale’, tokenisation has reached a tipping point, setting the stage for at-scale implementations that promise enhanced liquidity, operational efficiencies and new avenues for revenue generation.

This new monetary framework intertwines cutting-edge digital innovation with the timeless stability of precious metals. While this “New Alliance” promises unprecedented opportunities for financial growth and reform, it also raises critical questions about economic sovereignty and the balance of power in a rapidly digitizing world.

The Departure From Gold: A Historical Parallel

The decision to decouple the U.S. dollar from gold in 1971 fundamentally altered the global financial system. By transitioning to a fiat-based economy, the U.S. and its allies gained greater flexibility to manage monetary policy, albeit at the cost of stability tied to a tangible asset. Critics argue that this move opened the door to inflation, debt expansion, and the erosion of purchasing power.

Today, a similar crossroads looms, but with a critical distinction: gold is expected to regain prominence as a central pillar of the new financial order. Traditional banks, which have historically relied on centralized, fiat-based systems, are now embracing blockchain technology—a decentralized ledger system that underpins cryptocurrencies. However, this digital revolution does not mean abandoning gold; instead, gold will play a crucial role in stabilizing a future tokenized system, paving the way for the Global Currency Reset and Blockchain adoption.

Just as fiat currencies replaced gold-backed money, blockchain is positioned to replace fiat as the primary infrastructure of the global economy. Yet, unlike the 1971 shift, this transition seeks to reintroduce gold as a stabilizing force in conjunction with blockchain and cryptocurrencies.

The Alliance of Banks, Blockchain, and Gold in a Global Currency Reset

A central component of this transformation is the merging of three powerful forces: highly regulated banking systems, the relatively unregulated and decentralized crypto industry, and the enduring value of gold. Together, these components form the foundation of a new monetary system designed to address the shortcomings of fiat currency and support the goals of a Global Currency Reset and Blockchain-based framework.

To facilitate this alliance, significant steps are enabling banks and cryptocurrencies to operate under more flexible regulations. Deregulation allows financial institutions to explore blockchain’s potential while also creating pathways for cryptocurrencies to enter the mainstream. Simultaneously, central banks continue amassing gold reserves in preparation for its anticipated role in the Global Currency Reset and Blockchain-driven economy.

Gold’s intrinsic value, combined with blockchain’s efficiency and transparency, provides a unique opportunity to create a hybrid system. By tokenizing gold—representing it as digital assets on blockchain networks—banks and governments integrate physical and digital financial systems, ensuring a level of stability that fiat currencies alone cannot offer.

Gold’s Role in the Global Currency Reset and RV Framework

In the context of the GCR, gold represents both a historical relic and a cornerstone of the future. Proponents of the Global Currency Reset and Blockchain system argue that the current fiat-based system is unsustainable due to widespread manipulation, trade imbalances, and uncontrolled monetary expansion. A return to gold-backed currencies, facilitated by blockchain technology, will restore trust and equity in global trade.

Revaluation (RV) is another key component of this vision. Many national currencies will likely be recalibrated to reflect their true economic value, with gold playing a pivotal role in determining these valuations. For decades, the disparity between fiat currency values and real-world assets, including gold, continues to fuel economic instability. By anchoring currencies to gold and other tangible assets, the RV eliminates this imbalance, creating a more transparent and equitable system.

Blockchain technology accelerates this process by enabling the tokenization of gold and other commodities. This innovation facilitates efficient, cross-border transactions while ensuring that every token is backed by a verifiable physical asset. Together, gold and blockchain form a symbiotic relationship, providing both stability and efficiency to the emerging financial paradigm.

The U.S. Leads the Charge

The United States is spearheading this transition, capitalizing on its leading position in both the financial and tech sectors. Reports indicate that cryptocurrencies are likely to be included in the U.S. Strategic Reserves, further legitimizing digital assets. However, gold’s role in this new framework remains equally significant. As one of the largest holders of gold reserves, the U.S. is uniquely positioned to integrate gold into its blockchain-based financial systems.

By combining gold with blockchain, the U.S. establishes a dual-layered system that merges the stability of tangible assets with the innovation of digital technology. This move solidifies the U.S.’s position as a leader in the tokenization movement while ensuring its dominance in a revalued, gold-backed global economy.

Moreover, the U.S. government’s strategic moves align with broader global trends. Countries like China and Russia are actively increasing their gold reserves, preparing for a post-fiat monetary system. In this context, the U.S. embraces the alliance between banks, blockchain, and gold to maintain its economic leadership.

The Benefits and Risks of the New Alliance

The integration of gold, blockchain, and banking offers undeniable advantages. For the banking sector, blockchain technology delivers efficiency, transparency, and cost savings. For the crypto industry, collaboration with banks provides legitimacy and access to a vast customer base. For gold, its tokenization ensures that its value integrates efficiently into the digital economy. Together, these forces drive unprecedented levels of investment and innovation, reshaping global financial markets.

However, this alliance carries risks. Critics warn that mainstreaming cryptocurrencies could undermine their foundational goal of decentralization, concentrating power in the hands of a few large institutions. Similarly, deregulating banks raises concerns about unchecked financial speculation.

Most troubling is the potential for a fully tokenized, gold-backed economy to become a tool for centralized control. While gold and blockchain are often touted as forces of stability and transparency, their adoption by banks and governments may result in a system tracking every transaction, raising concerns about individual privacy and economic freedom.

The Bottom Line: A Balanced Future

The alliance between banks, blockchain, and gold represents a turning point in the evolution of the global financial system. Just as the move away from the gold standard reshaped economies in the 20th century, the reintegration of gold into a blockchain-based system sets the stage for a new era of monetary reform. This transition promises innovation, stability, and equity but also poses risks to economic sovereignty and individual freedom.

As we approach a Global Currency Reset and Blockchain adoption, the inclusion of gold as a fundamental component ensures a measure of stability in an otherwise uncertain future. The principles guiding this transition will determine whether it serves the people or entrenched powers. The future of money may be digital, but its foundation will remain grounded in the enduring value of gold.

=======================================

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

News, Rumors and Opinions Monday 11-25-2024

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 Mon. 25 Nov. 2024

Compiled Mon. 25 Nov. 2024 12:01 am EST by Judy Byington

Restored Republic:

Sun. 24 Nov. 2024 Ezrah Cohen: We are in the midst of the most significant military operation in history, and it’s about to reach a critical point. https://t.me/Official_EzraCohen

Are you ready for the Great Comeback? The global media is prepping for Disclosure Day, where GESARA’s principles, the largest wealth transfer in human history, and the new global economic system will be revealed.

Get ready for 10 days of communication darkness. Shutdowns will occur, but only in certain areas. Banks will close, ATMs and credit cards will stop working, and you’ll need at least three weeks of food and water. If you’re unprepared, don’t worry—the military has your back and will supply what you need. Nonstop education will be broadcast, teaching everyone about the true principles of freedom and justice.

The Quantum Financial System will release NESARA/GESARA funds, erasing debts and restoring our economy to the prosperity of the 1950s.

Mark your calendars—Fri. 29 Nov. 2024—Disclosure Day is coming, and with it, the dawn of a new era of freedom and justice. The world will finally know the truth, and we will witness the greatest comeback in history. 

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

Global Currency Reset:

TNT TONY SUMMARY:

Ray was very excited. Tony said that Ray was trying to reveal the good things.

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

Two updates during the weekend of ups and downs.

The trailer was supposed to be presented during the weekend, but it was not.

All three charter agencies reported that the celebration planned for Saturday has been rescheduled for TODAY IN ZURICH.

They said that the trailer is complete and we will see it today.

Some banks received memos today that the RV is happening and we could see that at any time today.

The VND Exchange rate is currently 0.39 US dollars

We will make a lot of changes after the RV on our end, as it becomes a new world for us.

All the three letter agencies said the RV WILL HAPPEN TODAY.

Ray is very excited. When asked between 1 and 10.. with 10 being the highest… Ray said he is at 12 !

Tony was asked the same question and Tony said, 9.

Some people will have accounts in multiple currencies. Tony said he would not accept any.

They said it is already done and released. The process is already underway.

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

Tony said he’s also been waiting for the email from the banks.

1The RV has been COMPLETED AND RELEASED and the process is underway right now. 

Sun. 24 Nov. 2024: Massive Leaks: QFS Saving Nations, Activated Worldwide by White Hats, Erasing Trillions in Debt, Destroying the D********e’s CBDC Rollout, and Ending Central Banks’ Debt S*****y! – Gazetteller

Sun. 24 Nov. 2024: Mastering QFS: A Complete Guide to Fund Transfers, Account Setup, and Understanding RV & Redemption Funds – amg-news.com – American Media Group

Sat. 23 Nov. 2024: BQQQM!!! Quantum GESARA aka TRUMPSARA: G.E.S.A.R.A, Farmers Plan & More – Power Back to the People! – amg-news.com – American Media Group

Sat. 23 Nov. 2024: QFS Information Center: Quantum Financial System and the Tier 4B Internet Group! The World of Currency Revaluation, Redemption Centres, and NESARA GESARA Payments! – amg-news.com – American Media Group

Read full post here:  https://dinarchronicles.com/2024/11/25/restored-republic-via-a-gcr-update-as-of-november-25-2024/

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

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

Militia Man  The 2024 budget, we haven't seen that yet.  Why haven't we see it?  We haven't seen it yet because they're hiding that until the last minute.  Remember this going from 1310 or 1320 exchange rate and changing it to a massive degree needs secrecy to some large degree all the way through the process.  But they still have to educate their citizens, they still have to indicate what are they doing and how are they going to do it and why...2024 budget exposure is what to me is the key.  It's that Rosetta Stone..

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:
Economist on television is explaining about how a revaluation works.  They're giving us examples of other countries and after that how the currency is linked or pegged to a basket of other currencies.  Wow...It's being told to us constantly now every day.  The planning of the revaluation they say is done and now apparently this currency is going to be linked or pegged to a basket of other currencies.  FRANK:  If they tell you it's going to be pegged to a basket of other currencies,...it means we have a new exchange rate because that's the only reason the other currencies in the basket will play along with it...They also want to fluctuate (bounce up and down) with the value of your currency that is about to go insane!

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

BRICS announces UAE as the Gold Hub.

 Emerging World order:  11-24-2024

In this video, we dive into how the United Arab Emirates is setting the stage to become the heart of the BRICS Gold Economic Corridor.

With a massive $129 billion in annual gold trade and Dubai’s strategic initiatives through the Multi Commodities Centre (DMCC), the UAE is positioned to transform global trade dynamics.

This move aligns with BRICS nations' push for financial independence by leveraging gold to bypass the U.S. dollar and foster a stronger economic alliance.

https://www.youtube.com/watch?v=cis78ndDoZI

Seeds of Wisdom RV and Economic Updates Monday Morning 11-25-24

Good Morning Dinar Recap

NEW TEXAS REGULATION: CRYPTO MINERS MUST REPORT POWER USAGE

Texas mandates crypto miners in ERCOT to report power usage, aligning mining growth with grid stability and efficiency.

Texas introduces a new rule requiring crypto miners to report electricity demand to manage power grid stability effectively.

Global trends show varying regulatory responses to crypto mining, from New York’s temporary moratorium to China’s outright ban.

In a move to better manage its power grid amid the growing popularity of cryptocurrency mining, Texas has introduced new regulations requiring crypto miners in the Electric Reliability Council of Texas (ERCOT) region to report their power demand.

Announced by the Public Utilities Commission of Texas (PUCT) Chairman Thomas Gleeson on November 21, the rule mandates Bitcoin [BTC] miners to provide detailed information about the location, ownership, and electricity demand of their operations.

This regulation aims to ensure stability and efficiency in the state’s power grid as the number of mining facilities increases.

The necessity for such regulations comes as Texas continues to attract a significant number of crypto mining operations due to its relatively low energy costs and crypto-friendly policies.

However, the surge in energy consumption by these operations has raised concerns about the potential strain on the state’s power infrastructure, especially during peak demand periods.

By having a clear picture of the energy demands from crypto mining, Texas can better prepare and adjust its grid management strategies to prevent outages and maintain reliable energy distribution.

Global regulatory trends in crypto mining
Texas is not alone in its efforts to regulate the energy use of crypto mining activities. Around the world, various jurisdictions have started implementing similar rules to address the environmental and infrastructural impacts of this burgeoning industry.

For example, New York recently passed a bill that places a temporary moratorium on certain types of cryptocurrency mining operations that use carbon-based fuel. This legislation is part of broader efforts to align the state’s crypto mining activities with its climate targets.

Similarly, countries like China have taken more drastic measures by completely banning cryptocurrency mining, citing excessive energy consumption and environmental concerns as primary reasons.

These global shifts in the regulatory landscape indicate a growing awareness and response to the complex interplay between cryptocurrency mining and regional energy systems.

The new Texas rule is part of a broader trend where regional governments are scrutinizing the environmental and infrastructural impacts of cryptocurrency mining.

While more territories evaluate and implement regulations, crypto miners are increasingly required to adapt to these changing conditions. Compliance with such regulations not only supports local infrastructure but also pushes the crypto mining industry towards more sustainable practices.

As the BTC mining industry continues to expand, the introduction of regulatory measures like those in Texas is crucial for ensuring that growth is balanced with the needs and limitations of local power grids and environmental standards.

These regulations could set precedents for how other regions manage the intersection of technology, energy consumption, and environmental responsibility in the age of cryptocurrency.

@ Newshounds News™

Source:  AMBCrypto 

~~~~~~~~~

COINBASE EXPLORES BLOCKCHAIN PARTNERSHIP WITH KENYA'S SAFARICOM

Coinbase is reportedly exploring a partnership with Safaricom to enhance M-PESA with blockchain technology. This move aligns with Coinbase’s broader strategy of promoting crypto adoption in Africa, particularly in Kenya and Nigeria. Coinbase is also working with the Kenyan government to foster blockchain development and education.

While regulatory uncertainties have previously hindered Coinbase’s operations in Kenya, recent positive developments and partnerships with local entities like Yellowcard suggest a growing interest in cryptocurrencies and blockchain technology in the country.

@ Newshounds News™

Source:  Bitcoin News

~~~~~~~~~

HONG KONG’S ZA BANK IS FIRST BANK IN ASIA TO LAUNCH RETAIL CRYPTO SERVICES

Today Hong Kong digital bank Zhong An Bank (ZA Bank) unveiled a retail cryptocurrency trading service. It claims to be the first Asian bank to launch a retail service. Rather than building an exchange from scratch, like most banks, it is launching in partnership with an existing cryptocurrency exchange, HashKey Exchange

Initially the bank supports trading only in Bitcoin and Ethereum in both HKD and USD. For the first three months after activation, ZA Bank is offering 0% commission, with minimum investments of USD 70 or HKD 600.

The offering has been integrated with the main bank app. The bank cited a recent survey by the Hong Kong Association of Banks, saying it found that 70% of respondents would find it convenient to trade crypto via their banking apps.

“The rise of cryptocurrency presents investors with more diverse asset allocation opportunities,” said Calvin Ng, alternative CEO of ZA Bank. “As a bank, we prioritise security and compliance, which is why we’ve partnered with HashKey, a global-leading licensed virtual asset exchange, to meet regulatory standards and deliver bank-grade security in virtual assets trading – our key competitive advantage in the Asian market.”

ZA Bank is Hong Kong’s largest digital bank with 800,000 users as of June 2024 (Hong Kong population 7.5m). The company is owned by ZA Global, an affiliate of Zhong An, the large Chinese insurance company which was co-founded by the entrepreneurs behind some of China’s biggest technology firms – Alibaba, Tencent and Ping An insurance.

Other bank cryptocurrency services
While ZA Bank may be the first Asian bank to offer retail crypto trading, Singapore’s DBS Bank was the first to launch a crypto service almost four years ago, which it built in-house. However, the DBS Digital Exchange targets only institutional and accredited investors.

Probably the largest number of retail bank crypto services are in Latin America. Europe is catching up, especially with the enactment of the bulk of the EU’s MiCA crypto regulations at the end of this year. BBVA was one of the pioneers, starting a service in Switzerland in mid 2021, followed by the launch of Garanti BBVA Digital Assets in Turkey last year.

@ Newshounds News™

Source:   Ledger Insights  

~~~~~~~~~

THE UGLY TRUTH ABOUT THE 2020 ELECTION CONTROVERSY NO ONE TELLS YOU  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

THE ECONOMIC RESET: NESARA & GESARA EXPLAINED  |  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 Seeds of Wisdom Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Monday Morning 11-25-2024

TNT:

Tishwash:  MP: We need to extend the legislative term for 8 sessions and the budget is the top priority

Representative, Mohammed Al Shammari, called for extending the legislative term for 8 sessions, while stressing that the federal budget for the year 2025 is the top priority.

Al-Shammari told {Euphrates News} that: "There are important laws suspended within the House of Representatives, some of which are controversial and others need to be passed to serve the people."

He added, "The controversial laws that were included in one basket are the Personal Status Law, the General Amnesty, and the Popular Mobilization. In addition to these laws, there are laws in all the drawers of the parliamentary committees, including the Security and Defense Committee, where the Intelligence Service Law and Diplomatic Passports Law are ready, but due to these differences, they were postponed.  "

Al -Shammari continued, "The Personal Status Law is not binding on all the Iraqi people, and everyone has the choice to choose the law that suits their situation."

Al-Shammari stressed "the need to extend the legislative term to 8 sessions to compensate for what we missed in the last legislative term, and for the Parliament Presidency to prioritize the laws according to the needs of the people." 

He added, "I believe that the issue of the federal budget for 2025 and its completion for the next fiscal year is of utmost importance, and the parliamentary circles have the determination to approve the budget schedules, and we hope that the law will be passed in the coming days." link

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

Tishwash:  Kirkuk publishes lists of 369 families: Go to Article 140 office to receive compensation

From the expatriates to the governorate

Kirkuk 

On Sunday, the Article 140 Office in Kirkuk Governorate called on 369 expatriate families to visit it with the aim of completing the deficiencies in their submitted transactions and updating their data to obtain official documents and compensation certificates.

Kakarsh Sadiq - Head of Article 140 Office in Kirkuk, to 964 Network :

The names of the heads of households published in today’s lists are from families who came to the governorate and returned to Kirkuk several years ago. Their transactions have been completed almost completely, except for some deficiencies that must be completed.

The deficiencies we have indicated in the transactions of the 369 families are not the same, as each family has a deficiency in a specific subject, so their transactions cannot be completed except by visiting the office.

We are constantly publishing lists of the names of the immigrant families, informing them of the need to visit the office to obtain the compensation for this constitutional article, which amounts to 10 million Iraqi dinars for each family, or to complete obtaining the official documents for residence in Kirkuk. link

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

Tishwash:  Iraq needs to improve its investment environment to attract international companies

  $233 billion is the cost of stopping gas flaring in Iraq by 20402

A report by the international energy news website S&P Global revealed that the International Finance Corporation (IFC) estimates that Iraq needs investments of $233 billion to implement programs to reduce and stop gas flaring in the country by 2040, at a time when experts stated that Iraq must improve its investment environment to be able to attract international energy companies to help achieve this goal.

The report indicated that Iraq, which is considered one of the countries in the world that wastes the gas associated with its oil production by flaring it, was among the concerns of the climate change conference sponsored by the United Nations, with estimates that it needs investments of hundreds of billions of dollars to finance programs aimed at reducing and ending gas emissions in its fields.
According to estimates by the International Finance Corporation (IFC), Iraq needs approximately $233 billion in investments to implement programs to reduce and end gas flaring by 2040, while manufacturing it and using it to improve self-sufficiency in generating electricity and protecting the environment from pollution.

According to the International Energy Agency, the goal of the Iraqi National Program (NDC) is to reduce gas emissions in the country by 15% by 2030, noting that 13% of that goal depends on international support and assistance.

“At COP29, on this particular issue, we are seeing real progress in moving from planning to action. Developed countries and international organizations are ready to help and support Iraq in this area,” Jonathan Bangs, a climate change policy advisor at the Clean Air Task Force (CATF), told S&P Global Platts. He noted that a top priority of the Iraqi National Program Framework is to stabilize the foundations of gas-flaring plants in oil and gas fields.

The report noted that capturing associated gas, in addition to reducing its contribution and impact on climate change, would enable Iraq to profit from its gas reserves and help provide sustainable electricity to its citizens, a vital goal in a country that suffers from power outages, especially in the hot summer months when air conditioning requires maximum power consumption.

In an interview conducted in March 2024, the Deputy Minister of Oil for Gas Affairs, Izzat Saber, said that in 2023, Iraq made progress in the process of collecting and processing gas, achieving 60% benefit from this process by collecting 7.8 billion cubic feet of gas.

However, information based on satellite images from that year indicated that 636.8 billion cubic feet of gas were flared, causing heavy gas emissions.

Evgenia Miburova, a researcher in the field of gas emissions, said that the quantities of gas flared are equivalent to the quantities of gas that Iraq signed over five years with Iran, which will export 642.4 billion cubic feet of gas to Iraq annually, and this quantity is not far from the amount of gas consumed in Iraq in 2023, which is 722 billion cubic feet.

“Iraq’s ability to meet its domestic gas needs will depend on the speed of implementation of gas processing plant projects and the launch of new gas projects, as well as the growth rate of gas demand,” researcher Meburova added. “In addition, collecting associated gas in oil fields not only reduces the rate of gas flaring, but also reduces the country’s dependence on oil alone, with the abundance of natural gas to feed power plants.”

Meburova said that this shift is important because burning oil fuel generates more harmful gases than burning associated gas. According to local figures, Iraq burned 267,000 barrels per day of oil fuel oil to generate electricity in August 2023. She pointed out that the Iraqi National Program plan also includes goals to improve control related to reducing methane emissions and switching from oil fuel oil to natural gas fuel to improve self-sufficiency in power generation.

However, experts point out that Iraq needs to improve and facilitate the terms of its contracts in order to attract investment, stressing that another obstacle is the need to improve the security environment and eliminate corruption, which always discourages investors from coming to the country.

Sara Vakhshouri, an analyst at SVB International Energy, says, “Iraq must establish clear investment laws and conditions that are far from routine bureaucracy in order to attract investor money.”
About S&P Global  link

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

Mot: Family --- aaaaahhhhhhh 

Mot:  ....... cooking the Turkey 

More News, Rumors and Opinions Sunday PM 11-24-2024

KTFA:

Clare:  In detail.. The Iraqi budget is subject to political and economic amendments on Tuesday

11/24/2024

The Finance Committee of the Iraqi Council of Representatives revealed, on Sunday, the details of amending the budget law included on the agenda of next Tuesday's session.

The agenda of the House of Representatives for Tuesday included the first reading of the draft law amending the first law of the Federal Budget Law of the Republic of Iraq for the fiscal years (2023, 2024, 2025) No. (13) of 2023.

Regarding these amendments, the committee member, MP Jamal Kocher, told Shafak News Agency, "The amendment to the budget law includes one paragraph, which is the cost of producing oil in the Kurdistan Region. The previous amount was very small, and after studying and discussing between the federal government and the regional government, they reached the conclusion that the estimate should be immediate to address and solve the problem, and it should be (16) dollars per barrel, until the final answer is obtained from the advisory committee specialized in determining production costs in coordination with the regional government and production companies operating in the fields."

Kocher added, "This amendment aims to solve the problem and re-export the Kurdistan Region's oil to the Turkish port of Ceyhan. There is a political agreement on this, and the political agreement stressed the necessity of solving this problem. Without the political agreement, this amendment would not have been presented in the House of Representatives, and it will be passed according to this agreement without any obstacles within the parliament regarding this increase."

For his part, member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, explained that the paragraph amending the general budget law will be limited to Articles 12 and 13 related to the Kurdistan Region’s oil exports and revenues.

Al-Kadhimi explained that "Article 12, which will be amended in the budget law, relates to the costs of producing and transporting oil in the region, as the costs of producing oil differ in Basra and are calculated at $6 per barrel, while in the Kurdistan Region they are calculated at $20."  

He pointed out that "Article 13 of the budget law, which will witness amendment, relates to the region's oil exports and its export via the Turkish port of Ceyhan."

Al-Kadhimi pointed out the importance and emphasis on amending the budget law and voting on it before the end of the current legislative session, especially since the extended session will end on December 9.   LINK

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

Clare:  Artificial Intelligence in Iraq.. Expected Projects with the Digital Cooperation Organization

11/24/2024

Iraqi Prime Minister Mohammed Shia al-Sudani confirmed on Sunday that artificial intelligence and digital transformation are the focus of administrative and economic reforms in the country, while the Secretary-General of the Digital Cooperation Organization praised these efforts. 

His media office said in a statement received by Shafaq News Agency that Al-Sudani received today the Secretary-General of the Digital Cooperation Organization, Dima Al-Yahya, where the meeting witnessed discussions on Iraq's progress in the field of digital transformation, within a comprehensive strategy for digital business and artificial intelligence, in line with the government's ambitions and the growing international requirements in this field.

During the meeting, Al-Sudani stressed that the government has laid the foundations for digital transformation, and has worked on this file in more than one path and included it in administrative and economic reforms and what is related to electronic payment, explaining Iraq's ability to develop this sector and achieve a qualitative shift in it, in addition to openness to cooperate with the organization in finding projects that serve Iraq and the region, within the framework of digital transformation and artificial intelligence.

For her part, Dima Al-Yahya praised Iraq’s development in the digital field and the ongoing qualitative shift, which creates a suitable environment for a number of projects that the organization intends to implement inside Iraq.

She stressed the organization's readiness to enter into projects that serve the government's plans for digital transformation, and that have real benefits for the human resources that Iraq possesses, and benefit from the available material resources, and the high desire and readiness.  LINK

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

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

Militia Man  We had some information that came from here in the United States of people that have boots on the ground [in Iraq].  When I say boots on the ground I mean literally boots on the ground.  Having some of that information is key because they called today and said proudly that they affirmed they got information from the source in the military.  These guys are talking on TV, not just Channel One or Channel Three but many sources.  They're talking about helping the citizens.  They're going to bring them purchasing power. 

Frank26  Monetary reform education right now is at a very high peak where we can see very clearly.  Sudani intentions are very clear...Purchasing power is but only one of many things that he's bringing to you Iraqi citizens and the rest of the world will benefit from that generosity. 

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

Salah talking finance Iqd Iraq

Nader:  11-24-2024

https://www.youtube.com/watch?v=SNEHGNuZbe0

Why EU’s Currency Is DONE: Record Collapse & DeIndustrialization To Worsen In 2025

Sean Foo:  11-24-2024

The Euro just suffered a record collapse to its low in 2022. However, this fall isn't done and the crash could worsen in 2025. A rising China and Trump's trade war could send the US dollar rising higher. As a result, the Euro could crash further which could escalate deindustrialization as well!

Timestamps & Chapters:

 0:00 Euro Record Plunge

 2:54 Currency Crisis Hits EU Industries

5:42 Trump's Big Economic Shock

8:21 China Dethrones The Euro

 11:11 EU Economic Crisis Not Over

https://www.youtube.com/watch?v=72C_zQkMg0E

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 11-24-24

Good Afternoon Dinar Recaps,

XRP LAWSUIT NEWS: EX-SEC ATTORNEY SAYS ‘NO SETTLEMENT’ BECAUSE GENSLER WON ‘HALF THE CASE’

XRP’s price surged massively following Gary Gensler’s announcement that he will step down as SEC Chairman in January 2025. This revelation has sparked speculation about whether the XRP-SEC lawsuit could come to an end before Gensler’s departure.

A social media user speculated that Gary Gensler and the SEC might offer a settlement before he leaves, in an attempt to avoid looking like total losers, or to at least make it seem like they had a win.

However, former SEC lawyer Marc Fagel responded, saying that the SEC has already won half of the case. He doubts the same commissioners who voted to appeal the other half would change their stance now. While it’s possible, he finds it unlikely and reassured that the case won’t get dismissed.

He wrote, “They already won half the case. I don’t know why the same commissioners who voted to appeal the other half would reverse course now. Possible, but seems unlikely.”

Conclusion: What’s Next For Ripple And XRP?

XRP has reached $1.5, with an increase in trading volume. Analysts are bullish, with some predicting a price surge to $2 in the near term. XRP is currently showing strong bullish momentum, and the launch of an XRP exchange-traded fund (ETF) in the U.S. could push its price even higher.

The recent rise is also fueled by new developments, such as the listing of physical XRP across major European exchanges. Ripple’s CEO, Brad Garlinghouse, has expressed optimism about the future of XRP, especially with Donald Trump’s potential Treasury Secretary pick, Scott Bessent, which could further benefit XRP’s outlook.

According to lawyer Jeremy Hogan, the Ripple vs. SEC case could be resolved by spring or early summer 2025. Gensler’s exit may speed up the process and lead to a more favorable regulatory environment for XRP.

@ Newshounds News™

Source:  CoinPedia

~~~~~~~~~

RWA INC ANNOUNCES $RWA TOKEN LAUNCH ACROSS MAJOR EXCHANGES ON NOVEMBER 25, 2024

On November 25, 2024, RWA Inc is set to launch its utility token $RWA on KuCoin, Gate.io, and MEXC, bringing years of hard work to fruition. Since its founding, RWA Inc has aimed to redefine how investors and businesses interact with real-world assets, by creating a trusted platform that bridges the gap between traditional markets and the Web3 space.

$RWA Token: Powering the Ecosystem

The $RWA token serves as the backbone of RWA Inc’s multi-asset platform, playing an integral role in the functions of its products and services. It supports staking mechanisms, reduces transaction fees, and powers user engagement across the ecosystem, including the Launchpad, Exchange, Community Hub, and the forthcoming Marketplace.

RWA Launchpad: The launchpad utilizes a tiered-staking mechanism, enabling users to stake $RWA and earn high APYs, allocation for launchpad projects, rewards, and early access to innovative ventures.
RWA Exchange: The exchange incorporates a tiered-staking system that reduces trading fees for investors and allows $RWA to be used for transaction fee payments.
Community Hub: While staking is not available, users can earn $RWA by engaging with campaigns, creating content, and participating in community-driven activities.
RWA Marketplace: In the forthcoming marketplace, $RWA will function similarly to the exchange, lowering transaction fees through staking and serving as a payment method for transactions.

In addition to its core functionalities, the $RWA token provides:

Governance: Token holders can participate in governance decisions, influencing the future development of the platform.
Access: The token grants priority access to launchpad projects, exclusive campaigns, and reward programs.
Liquidity: As the primary medium for transactions within the ecosystem, $RWA facilitates secure trading and ensures smooth operations across products.

IDO Fundraising Campaign

As part of RWA Inc’s launch it is actively raising $800,000 USD through a series of Initial DEX Offerings (IDOs). These IDOs are hosted on prominent launchpads Decubate, Eesee, and Ape Terminal, chosen for their reputations and ability to reach diverse investor audiences.

This multi-platform raise is designed to maximize brand exposure and offer investors the flexibility to participate using their preferred platforms. This approach effectively expands RWA Inc’s market reach, laying the foundation for a successful fundraising campaign and in turn, the next phase of the project development.

Exchange Listings

Upon the conclusion of the IDOs, the $RWA token is set to go live on three CEXs. This listing marks a pivotal moment for RWA Inc, with trading set to begin on November 25, 2024, at 10:00 AM UTC. Investors will be able to trade the token on KuCoin, Gate.io, and MEXC, three exchanges renowned for their global reach, reliable trading infrastructure, and support for innovative projects.

Go-to-Market Strategy

RWA Inc’s go-to-market strategy leverages its Launchpad for onboarding innovative startups and driving adoption of real-world asset tokenization. They are focused on a specific profile of token issuers, starting with Web2 startups/scaleups from seed to B-series stage, who are looking for disruptive ways to raise capital for their growth companies. With a carefully curated pipeline of projects ready for launch. RWA Inc will likely start onboarding its first clients shortly after launch.

The companies’ revenue streams are generated through their tokenization service, launchpad IDOs, listing fees, staking mechanisms, and transaction fees paid in $RWA, creating a diversified and sustainable model for platform growth.

To further strengthen the ecosystem, 50% of the platform’s profit has been committed to a buy-back and burn mechanism, fortifying long-term value for stakeholders.

The RWA Inc project was carefully designed for long-term value generation and aims to lead the tokenized RWA market by example. This strategic approach has garnered the company traction in what is the fastest-growing market in the Web3 space.

About RWA Inc:

RWA Inc offers end-to-end real-world asset tokenization through a cutting-edge multi-asset platform that includes tokenization as-a service, a launchpad, and a marketplace.

With a short-term focus on startup utility tokens for our go-to-market strategy, our primary emphasis is on strategically expanding into startup equity tokens, real estate, collectibles, and other asset classes via registered security tokens. 

As an innovator in the RWA niche, we help tech startups and established companies successfully launch utility and security compliant tokens and thrive in the Web3 market. Our approach addresses the need for extensive tokenization support for Web2 startups, fostering their dynamic growth potential. Our versatile solution aims to unlock opportunities across diverse asset classes, enhance liquidity, broaden market reach, support business development, and unlock asset value, effectively meeting market demands.

@ Newshounds News™

Source:  Blockchain Reporter

~~~~~~~~~

XRP SECURES GOLDEN CROSS AGAINST BITCOIN, WHAT'S NEXT?

XRP has achieved a major technical pattern in its Bitcoin (BTC) pairing, forming a golden cross. This technical pattern, often seen as a bullish signal, occurs when a short-term moving average crosses above a long-term moving average. 

A golden cross happens when the 50-day simple moving average (SMA) crosses above the 200-day SMA, indicating potential upward momentum. XRP has been steadily gaining ground against Bitcoin in recent weeks. The recent altcoin bull run has seen funds flowing from Bitcoin into other cryptocurrencies, including XRP.

@ Newshounds News™

Source and Read more:   U Today  

~~~~~~~~~

GOLDEN CROSS PATTERN EXPLAINED WITH EXAMPLES AND CHARTS

What Is a Golden Cross?
A Golden Cross is a chart pattern in which a relatively short-term moving average crosses above a long-term moving average. It is a bullish breakout pattern that forms when a security's short-term moving average (such as the 50-day moving average) crosses above its long-term moving average (such as the 200-day moving average) or resistance level.

As long-term indicators carry more weight, the Golden Cross indicates the possibility of a long-term bull market emerging. High trading volumes generally reinforce the indicator.

▪️A Golden Cross is a technical chart pattern indicating the potential for a major rally.

▪️The Golden Cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average.

▪️The Golden Cross can be contrasted with a Death Cross, which indicates a bearish price movement.

How Does a Golden Cross Form?
The Golden Cross is a momentum indicator, which means that prices are continuously increasing—gaining momentum. It means that traders and investors have changed their outlooks to bullish rather than bearish. The indicator generally has three stages.

The first stage requires that a downtrend eventually bottoms out as buyers overpower sellers. In the second stage, the shorter moving average crosses over the larger moving average to trigger a breakout and confirms a downward trend reversal.

Note
Support is a low price level that the market does not allow. Resistance is a high price level that the market resists. A breakout occurs when the price crosses one of these levels.

The last stage is a continuing uptrend after the crossover. The moving averages act as support levels on pullbacks until they cross back down.

The most commonly used moving averages for observing the Golden Cross are the 50-day- and 200-day moving averages. Generally, longer periods tend to form stronger, lasting breakouts. For example, the 50-day moving average crossover up through the 200-day moving average on an index like the S&P 500 is one of the most popular bullish market signals.

Day traders commonly use smaller periods like the 5-day and 15-day moving averages to trade intra-day Golden Cross breakouts. Some traders might use different periodic increments, like weeks or months, depending on their trading preferences and what they believe works for them.

But when choosing different periods, it's important to understand that the larger the chart time frame, the stronger and more lasting the Golden Cross breakout tends to be.

@ Newshounds News™

Source and Read More:  Investopedia  

~~~~~~~~~

BRICS Breaking News: 🇨🇳 China discovers $83 billion gold reserve.

“This comes as gold prices have soared recently and are set to reach record highs in the coming months” 👀🔥

@ Newshounds News™

Source:  X BRICS INFO

~~~~~~~~~

A BIG CHANGE FOR THE IRAQI DINAR - Economic Ninja |  Youtube

@ Newshounds News™

~~~~~~~~~

THE END OF THE DOLLAR: GLOBAL FINANCE SHIFT 2024  |  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 Seeds of Wisdom Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Sunday 11-24-2024

TNT:

Tishwash:  Koger: The budget schedules have not reached us yet, and we will start the sessions as soon as they arrive.

Jamal Kojer, a member of the Parliamentary Finance Committee, explained today, Saturday, that the budget schedules have not reached the Finance Committee yet, and we have not been informed of the date of sending them to the House of Representatives.

Kocher added in his statement to {Euphrates News} Agency, "Once the schedules reach the committee, they will be announced and the sessions for the first reading will begin if they include texts. If the schedules are devoid of texts, the committee will begin reading the schedules only."

He stressed that "the committee will work to prevent tampering with the schedules, as happened previously."  link

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

Tishwash:  The Trade Bank of Iraq (TBI) announced today, Saturday, a plan to open a number of new branches. 

The media advisor of the Trade Bank of Iraq (TBI), Aqeel Al-Shuwaili, said that “the plan included opening an office for the bank in SOMO Oil Marketing Company in Rusafa and a cash deposit office in Karkh in the Red Crescent Society in Al-Mansour area, as well as opening a branch in Karkh in 14 Ramadan Street, in addition to opening a branch in Karkh in Al-Saydiyah area, in addition to opening a branch in the governorate center in Samawah in Al-Baraka Mall.

The statement indicated that “the plan also included preparing to open other new branches, namely the Ziona branch in Rusafa, the Tikrit branch in Salah al-Din Governorate, a branch in Basra Governorate, and the Diwaniyah branch in Qadisiyah Governorate.”  link

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

Tishwash:  The European Union organizes a workshop in Basra on central administration and the wealth distribution system

The European Union organized a workshop in Basra on central administration and the wealth distribution system.

Basra Governor Asaad Al-Eidani stressed during the workshop that the distribution of wealth has limitations for the poorest areas as well as areas with high population density, in addition to areas that were damaged by the wars that Iraq witnessed.

He added that Basra has three resources for distributing wealth in the budget, which are: regional development, border crossing revenues, and petrodollars. Basra may not be given its full revenues, which are according to the constitution, due to the financial situation and challenges facing the country. He pointed out that during the past two years there are debts owed to the governorate that must be given those entitlements.

Al-Eidani explained that "the infrastructure projects being implemented in the province have contributed significantly to improving the economic situation in various housing units, noting that house prices in the province have witnessed a noticeable doubling during the past few years, reaching ten times their previous value.

Al-Eidani pointed out that these improvements reflect the impact of development projects on improving the standard of living and enhancing the value of real estate assets in Basra."  link

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

Tishwash:  MEPS24: US Consul in Erbil highlights promising economic opportunities for Iraq

On Saturday, Steven Bitner, the US Consul General in Erbil, spoke about the "economic opportunities" that will bring significant benefits to both Iraq and the United States.

During a panel discussion at the Middle East Peace and Security Forum (MEPS24) at the American University in Duhok, the Kurdistan Region, Bitner stated that "the strategic agreement between the two countries encompasses various aspects, including economic, cultural, health, and environmental cooperation, as well as strengthening mutual relations."

"For the past twenty years, security and political concerns have dominated the relationship between the United States and Iraq. However, recent efforts have focused on economic opportunities that will benefit both countries," he noted.

Notably, MEPS24 features participation from the President of Iraq, the Speaker of the Iraqi Parliament, the President of the Kurdistan Region, and numerous local, Arab, and international officials.

Organizers of the two-day forum emphasize that it includes panel discussions, seminars, and workshops on the situation in the Middle East and the world. "The forum aims to build bridges of cooperation between participating countries, discuss problems and solutions, and explore the role of society in the Middle East." link

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

Mot: . Bet You Didn't Know! 

Mot: ..... at Long Last!!! Michael rows his boat ashore

https://www.youtube.com/watch?v=jRv-fgfLFTk

Decoding the Global Currency Reset (GCR/RV): An Overview

Decoding the Global Currency Reset (GCR/RV): An Overview

Awake-In-3D   November 23, 2024

Uncover the origins, key components, and future implications of the Global Currency Reset (GCR).

The Global Currency Reset (GCR) is more than just a buzzword in global economics—it’s a concept that has sparked both curiosity and debate. Whether you’re new to the idea or have been following its evolution, understanding the GCR requires a clear grasp of its origins, driving factors, and potential outcomes. In this article, we’ll explore how the Global Currency Reset could reshape financial systems worldwide, addressing long-standing economic imbalances and redefining monetary stability.

Introduction: What is the Global Currency Reset?

The Global Currency Reset (GCR) is a transformative framework in global economics, focused on recalibrating the world’s monetary systems to address imbalances, inequalities, and inefficiencies in currency values. For some, it is a beacon of hope, promising economic equity and sustainability; for others, it remains an elusive theory met with skepticism.

In this article, we aim to bridge the gap between newcomers eager to grasp the fundamentals of the Global Currency Reset and seasoned veterans refining their understanding of its intricacies. By exploring the origins, drivers, and implications of the Global Currency Reset, we’ll build a solid foundation for understanding this fascinating and often misunderstood phenomenon.

The Origins of the Global Currency Reset

The concept of a currency reset is not entirely new. Historically, monetary realignments have occurred during times of major global upheaval, such as wars, financial crises, or economic collapses. Key examples include:

• The Bretton Woods Agreement (1944): Established the U.S. dollar as the world’s reserve currency, pegged to gold, and created a system for stabilizing exchange rates.

• The Nixon Shock (1971): President Nixon ended the gold standard, transitioning currencies to a fiat system where values are no longer tied to tangible assets.

The Global Currency Reset builds on these historical precedents while introducing a modern, coordinated, global approach to recalibrating currency values.

Why is the Global Currency Reset Gaining Attention Now?

The growing focus on the Global Currency Reset stems from several converging factors:

• Global Debt Crisis: Soaring national debts have made the current financial system unsustainable for many countries.

• Economic Disparities: The wide gap between developed and developing economies highlights the urgent need for equitable monetary adjustments.

• De-Dollarization: Many nations are actively seeking alternatives to the U.S. dollar as the dominant reserve currency, exploring asset-backed currencies and bilateral trade agreements.

• Technological Advancements: Blockchain and digital currencies enable transparent and efficient global transactions.

These drivers fuel the Global Currency Reset narrative, prompting discussions about whether a reset will restore balance to the international financial system.

Key Components of the Global Currency Reset

While interpretations of the Global Currency Reset vary, several core elements remain consistent in most discussions:

• Currency Revaluation (RV): The revaluation of national currencies reflects their true market value. Advocates argue this adjustment corrects decades of artificially manipulated exchange rates.

• Asset-Backed Currencies: A shift away from fiat currencies to those backed by tangible assets like gold, silver, or other commodities. Proponents assert this increases transparency and stability while reducing inflationary pressures.

• Debt Forgiveness: A restructuring or elimination of unsustainable national debts represents a necessary step to provide struggling economies with a renewed economic framework.

• Unified Financial Systems: The creation of a global framework for fair trade and financial cooperation. This could involve updated International Monetary Fund (IMF) practices or entirely new institutions.

How the Global Currency Reset Will Be Implemented

The implementation of the Global Currency Reset and the associated Revaluation of Currencies (RV) hinges on innovative financial systems that address the limitations of the current fiat-based and centralized monetary structures. A promising vision for the Global Currency Reset/RV involves the integration of gold-backed currencies, blockchain technology, decentralized ledgers, and a multi-polar cross-border payment infrastructure.

• Gold-Backed Currencies: A Return to Tangible Value. The cornerstone of this strategy is the transition from fiat currencies to gold-backed systems. Unlike fiat money, gold-backed currencies derive their value from physical reserves of precious metals, offering transparency and stability. Countries adopting this model peg their national currencies to specific quantities of gold or other tangible assets, ensuring intrinsic value. This approach curbs inflation, restores confidence in national currencies, and reduces reliance on speculative monetary practices.

• Blockchain Technology: A Transparent and Secure Foundation. Blockchain technology provides the ideal infrastructure for a transparent and tamper-proof Global Currency Reset system. By leveraging decentralized ledgers, participating nations digitize gold reserves, with each unit of currency represented by a digital token backed by physical gold held in secure reserves. Blockchain ensures accountability by tracking and verifying all transactions and monetary adjustments in real time. Its transparency reinforces trust, while its security features protect against fraud and cyber threats.

• Decentralized Ledger Systems: Reducing Reliance on Centralized Systems. A decentralized ledger system aligns with the goals of a multipolar world by reducing reliance on centralized systems. This structure ensures equal participation, where all nations, regardless of size or economic power, have an equitable voice in decision-making. Distributed governance manages monetary policies and exchange rate adjustments collaboratively through consensus mechanisms. Decentralization mitigates risks associated with centralized points of failure, ensuring fairness and resilience.

• Multi-Polar Cross-Border Payment Infrastructure. The Global Currency Reset requires a robust and independent payment system to facilitate cross-border transactions without existing centralized frameworks like SWIFT or U.S. dollar hegemony. A multi-polar payment system achieves this by diversifying settlement currencies, using a basket of gold-backed digital currencies from multiple nations instead of a single reserve currency. This infrastructure promotes bilateral and regional trade, enabling nations to trade directly using their gold-backed currencies. Blockchain-enabled systems ensure instant settlements, reducing costs and delays.

• Coordinated Adoption and Integration. For the Global Currency Reset to succeed, adoption and integration will be carefully orchestrated. Pilot programs will test gold-backed digital currencies within national economies to refine the system before full-scale implementation. Participating nations will establish international agreements on currency valuations, reserve audits, and blockchain interoperability. Developing a shared blockchain standard ensures seamless transactions and compatibility across borders, minimizing disruption during the transition and equitably distributing the benefits.

Supporters and Critics of the Global Currency Reset

The GCR community includes a diverse range of supporters, from economists and policymakers to grassroots advocates. Proponents highlight its potential to address global economic inequalities, stabilize volatile currencies, and create a more equitable financial system. However, critics question the feasibility of the Global Currency Reset, citing logistical complexities of coordinating a global reset, risks of unintended consequences such as market instability, and concerns over the motives of those promoting the reset, especially in speculative markets.

Implications for the Global Economy

A successfully implemented Global Currency Reset will initiate a new era of financial stability and cooperation. Key outcomes include economic realignment, where developing nations benefit from fairer currency valuations, boosting trade and investment; reduced debt burdens, where restructuring or forgiving debts frees up resources for infrastructure and development; and a shift in power dynamics, where a Global Currency Reset challenges the dominance of established reserve currencies, redistributing influence among emerging economies. Conversely, the failure of the Global Currency Reset risks exacerbating existing inequalities and deepening economic divides.

The Role of the Global Currency Reset Community

The growing Global Currency Reset community plays a crucial role in driving awareness and fostering dialogue around this complex issue. For newcomers, joining the community provides opportunities to learn, engage, and contribute to discussions about the future of global finance. For veterans, sharing knowledge and mentoring others strengthens the movement’s foundation.

The Bottom Line: A Vision for the Global Currency Reset

The Global Currency Reset is more than an economic concept; it is a vision for a world where financial systems are fair, sustainable, and inclusive. Whether you’re just discovering the Global Currency Reset or have been following its evolution for years, understanding its core principles is the first step toward meaningful engagement.

As we continue this series, we will delve deeper into the mechanics, implications, and controversies surrounding the Global Currency Reset, offering insights for both seasoned experts and curious newcomers. Stay tuned for our next article: Understanding Currency Revaluation (RV): The Basics.

=======================================

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

Seeds of Wisdom RV and Economic Updates Sunday Morning 11-24-24

Good Morning Dinar Recaps

STELLAR AND THIS NEW COIN: THE DEFI DUO WITH POTENTIAL TO MULTIPLY A CRYPTO PORTFOLIO

A seasoned crypto and a rising DeFi star are capturing investor attention, offering potential for major portfolio growth.

Investors are eyeing a dynamic pair shaking up the decentralized finance scene. One is a seasoned cryptocurrency with a solid track record. The other is a fresh player gaining rapid attention.

Together, they could offer a compelling opportunity to amplify investment returns. This duo might be the catalyst for significant portfolio growth.

Early access to ZDEX: A token with 1000x potential

The ZDEX presale is officially underway, offering early adopters a prime opportunity to invest in a rising DeFi star at an entry price of just $0.0019. By the end of the presale the price will increase to $0.0029, meaning that ZDEX will appreciate 50% even before it gets listed.

ZDEX is the cornerstone of ZircuitDEX, a next-generation decentralized exchange (DEX). Unlike many junk coins, DEX tokens are built to thrive, thanks to their high demand and real utility.

Take Raydium (RAY), which skyrocketed 1790% in a year, or Uniswap, starting at $1 and now over $8, an 8-fold price increase. ZDEX token has similar 1000x potential, ready to reward those who get in early.

Built on the ultra-fast Zircuit Layer 2 chain, ZircuitDEX is crafted to meet the needs of both new and seasoned DeFi traders with its key features:

▪️Lightning-fast transactions for smooth trading experiences

▪️Minimal slippage to ensure trades occur close to desired prices

▪️Near-zero fees for cost-effective transactions

Fully EVM-compatible, ZircuitDEX ensures smooth integration with Ethereum tools, while its implementation of zero-knowledge proofs (ZK proofs) provides enhanced security—a critical feature as market participants increasingly prioritize safeguarding their assets.

Riding the meme coin wave
ZircuitDEX’s built-in meme coin launchpad gives investors a front-row seat to the next viral crypto sensations. With exclusive access to promising meme projects, ZDEX is ready to replicate the explosive success of tokens like BRETT, which soared over 14,000%! As ZircuitDEX nurtures a vibrant, community-centered approach, it’s primed to become the hotspot for high-growth meme tokens.

Efficiency and profitability for liquidity providers
For liquidity providers, ZircuitDEX delivers up to 500x capital efficiency compared to traditional decentralized exchanges. Concentrated liquidity pools allow LPs to earn higher returns with lower capital input, while automated strategies streamline trading, making it easier for users to optimize their holdings. ZDEX token holders also gain governance rights, exclusive airdrops, trade incentives, and staking rewards—adding further value to early participation.

As anticipation builds, ZDEX is quickly becoming a must-watch in the DeFi space, with investors eager to capitalize on its potential for outsized returns.

Stellar: Decentralized network enhancing global financial collaboration
Stellar (XLM) is a decentralized, open-source payments network using blockchain to enable quick, low-cost fund transfers.

It does not favor any national currency and features its own cryptocurrency, Stellar Lumens. Since 2014, Stellar has processed billions of transactions and formed major partnerships. It allows transfers of any currency type, including digital versions of national currencies and cryptocurrencies like Bitcoin.

Unlike many cryptocurrencies aiming to replace financial systems, Stellar seeks to enhance them, offering a unified network for collaboration. Individuals can transfer funds globally using Stellar apps, and companies can develop blockchain applications or use the network for payments and currency conversion. The potential of Stellar’s technology makes it an attractive option in the current market cycle.

Conclusion
In conclusion, although established coins like XLM have less short-term potential during this 2024 bull run, ZircuitDEX offers an exceptional opportunity with 500X capital efficiency, lightning-fast transactions, and zero slippage. The ZDEX Token’s 70% presale discount and potential 500% returns upon launch make it a promising asset to enhance portfolio growth.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

THE FUTURE OF NFTS: A TRANSFORMATION, NOT A TOMBSTONE

What’s next fro non-fungible tokens? What’s shaping the industry going into potentially favorable 2025 and beyond?

As we navigate the landscape of digital assets, the question looms large: Are NFTs dead?

The fervor that once engulfed the NFT market has certainly dimmed since the euphoric days of 2021, often compared to tulip mania. However, rather than writing an epitaph for NFTs, we should consider a transformative future shaped by evolving perceptions and real-world utility.

The Loyalty of Web3 Audience
The first challenge that non-fungible tokens (NFTs) face is the inconsistency of the Web3 community. This community is very responsive to market conditions and quickly jumps from one trend to another and changes its loyalty overnight.

The market was cruel for NFTs, indicating that many enthusiasts came to participate in temporary hype rather than for long-term value. As the hype faded, interest waned, leading to disgruntled investors and deserted businesses.

When the reality set in, a number of the Web3 aficionados went shopping for bigger fish, and NFTs soon became out of favor, exposing the market’s appetite for bubble factors instead of fundamentals.

Web2’s Shift: Brands and Normies Depart
Simultaneously, the Web2 audience—once eager to explore blockchain and NFTs—has also moved on. Initially brands that adopted NFTs for promotion purposes have now lost interest in NFT amidst falling prices and the new narrative gaining the center stage.

The discussions about NFTs, primed before, remain dormant and have no elasticity to gain mainstream media attention. For the average consumer, NFTs are just a faded trend, just as the overemphasis on new technologies.

The Future Ahead?
So, what does this portend for the future of NFTs? In Web2, it is obvious that digital art is the new order, and NFTs are still necessary as a medium for auctioning and distributing this art.

Nevertheless, this is probably unlikely to start the next bull market. It is true that profile picture projects (PFP) will always amuse a select few, but they, too, are unlikely to trigger a mass market revival. Bull markets thrive on innovation, where originality intersects with scarcity, driving demand beyond supply.

The burning question is: what could give rise to this newness?

NFTs as the Core Infrastructure
Rather than a relic of a bygone era, NFTs hold the potential to be vital components of blockchain infrastructure. They can enhance identity protocols, facilitate social finance, enrich gaming experiences, and tokenize real-world assets.

When viewed through this lens, NFTs are as fundamental to blockchain as the ERC-20 standard is to decentralized finance(DeFi).

Imagine the scenarios: Instead of real estate parcels having only one owner, anyone can own a fraction of the property. This means that a house deed can be put on sale, and people can buy the NFT and trade it permissionless, making real estate transactions simpler.

Alternatively, NFT-backed real estate investments could allow investors to easily buy into real estate projects without owning the actual property. Fractional ownership might even allow groups to purchase vacation homes or shared assets, like a pair of skis, easily.

Moreover, NFTs are set to redefine community relationships through membership access, perks, and value exchange. A myriad of applications will emerge, such as health records management, credit history management, and embedding NFTs into everyday life.

Conclusion: Transformation is the Key to Success
While the NFT market as we know it may be undergoing a reorientation phase, it is far from dead. Instead of wailing its past, we should focus on the shifts that will redefine our understanding of NFTs. By recognizing their potential beyond digital collectibles, we can pave the way for a future where NFTs become integral to our digital lives—ushering in a new era of innovation and opportunity.

@ Newshounds News™

Source:  CryptoPotato

~~~~~~~~~

DONALD TRUMP SELECTS PRO-CRYPTO SCOTT BESSENT AS TREASURY SECRETARY

▪️Donald Trump has nominated Scott Bessent, a hedge fund manager and crypto advocate, as Treasury Secretary.

▪️Bessent’s pro-crypto stance sparked optimism of a shift toward balanced regulation that would help the industry grow.

▪️His nomination is seen as a potential turning point for fostering innovation and clearer policies in the crypto space.

Donald Trump, the President-elect of the United States, has nominated Scott Bessent as Treasury Secretary for his administration. This decision has generated enthusiasm in the emerging industry due to Bessent’s pro-crypto reputation.

Bessent and Cantor Fitzgerald CEO Howard Lutnick had been considered strong favorites for the position. However, Lutnick was eventually nominated as Commerce Secretary.

Crypto Industry Welcomes Scott Bessent’s Nomination for Treasury Secretary
In a November 22 announcement on Truth Social, Trump praised Bessent as the ideal candidate to support his administration’s economic goals. The President stated that Bessent will play a pivotal role in strengthening the US economy, fostering innovation, and maintaining the dollar’s status as the global reserve currency.

“Scott will support my policies that will drive US competitiveness, and stop unfair trade imbalances, work to create an economy that places growth at the forefront, especially through our coming world energy dominance,” Trump added.

Wall Street veteran Bessent, who founded the international macro investment company Key Square Group, brings extensive experience to the role. He had previously served as the chief investment officer for the prominent investor George Soros.

While President Trump’s announcement did not directly reference cryptocurrencies, many in the digital asset space view Bessent’s appointment as a positive sign.

 In past statements, Bessent has described crypto as a symbol of financial freedom. He also called Bitcoin an alternative investment for younger investors disillusioned with the traditional financial system.

“I have been excited about the president’s embrace of crypto and I think it fits very well with the Republican Party, crypto is about freedom in the crypto economy is here to stay,” Bessent stated.

His pro-crypto stance has led many to believe his leadership could encourage a more balanced approach to digital asset regulation. This would contrast with the outgoing administration’s enforcement-heavy tactics, such as its controversial sanctions on decentralized platforms like Tornado Cash.

Indeed, crypto industry leaders have responded enthusiastically to Bessent’s nomination. Ripple CEO Brad Garlinghouse commended Bessent’s nomination, calling it a win for innovation. He noted that Bessent’s leadership could mark a turning point for crypto-friendly policies in Washington.

Similarly, Kristin Smith, CEO of the Blockchain Association, highlighted the importance of Bessent working with Congress to establish clear regulations, ensure fair tax treatment, and protect self-custody rights for digital assets.

“Critical to this nomination would be working with Congress on a regulatory framework for digital assets, protecting the right to self custody, pushing for clearer tax treatment of digital assets, and working closely with industry experts to protect our nation’s security,” Smith remarked.

@ Newshounds News™

Source: Be In Crypto    

~~~~~~~~~

UNLOCKING PERSONAL SOVEREIGNTY: YOUR GUIDE TO TOTAL FREEDOM  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

🌱ELON MUSK'S BEDSIDE TABLE SECRETS REVEALED!  |  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 Seeds of Wisdom Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Sunday AM 11-14-2024

Dinar Recaps Note:  We are so sorry to report that Gary from PTR ( A private RV-info site) has passed away Saturday evening. It is so sad that Gary -like many did not make it across the RV finish line. Our prayers are with his family and friends and may he rest in peace.

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

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 Sun. 24 Nov. 2024

Compiled Sun. 24 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Sat. 23 Nov. 2024: A very credible source said that the RV would occur prior to or around Thanksgiving.

Sat. 23 Nov. 2024 Wolverine: “We are definitely going to have a good Christmas. Just letting you know that I’m now under NDA. I cannot talk right now so I cannot hurt the process. Please respect my NDA guys. We are now definitely close.”

~~~~~~~~~~

Sat. 23 Nov. 2024 FACTOR 2: THE QUANTUM FINANCIAL SYSTEM (QFS) …Carolyn Bessette Kennedy on Telegram https://t.me/CarolynKennedy_Bessette

Patriots, the Quantum Financial System is here, and it’s about to flip the entire global banking system on its head. This isn’t just an upgrade—it’s a revolution. Say goodbye to corruption, manipulation, and the stranglehold of the elites.

The Key Elements of the QFS: Gold-backed currencies and assets: No more fiat lies. Every currency will be backed by real gold.

Digital certificates tied to physical gold: Exchange your digital assets for actual gold. The globalists can’t rig this system—gold is the great equalizer.

Chinese Elders’ Gold as a global reserve: Yes, the cabal has been outplayed. This gold is supporting currencies worldwide, ensuring stability and fairness for ALL nations.

Asset-backed fund transfers via STARLINK: Using GPS technology, funds are now tracked and transferred with unmatched security and speed. STARLINK isn’t just about satellites—it’s the weapon of financial liberation.

Quantum Computing: The End of Bank Corruption: 3.5 trillion frames per second processing power: Instant payments. No delays. No excuses.

Independent, decentralized banking monitoring: The days of secret accounts, offshore hiding, and elite manipulation are OVER.

Three main QFS powerhouses: Swiss Banking Group, BRICS-Indus Alliance, U.S. Space Force – That’s right. The U.S. military is at the helm, ensuring the Deepstate has NO chance of infiltrating this system.

Photon technology: Cutting-edge advancements make the QFS impenetrable. The globalists have NOTHING that can rival this.

ISO-certified digital currencies only! Only currencies that meet the strictest standards of security and fairness will operate in this new system.

Central Bank Digital Currencies (CBDCs): But NOT like the cabal’s version. These are gold-backed, controlled by patriots, and designed to serve the people—not enslave them.

Gold Bonds: A powerful tool to reset the financial system and ensure lasting prosperity.

This is the Storm, Patriots: The QFS doesn’t just change the game—it obliterates the Deepstate’s ability to manipulate, control, and steal from us. The days of the cabal using money as a weapon are over.

This is our system. Our future. Our victory. Spread the word. The Quantum Financial System is here, and NOTHING can stop what’s coming.

Read full post here:  https://dinarchronicles.com/2024/11/24/restored-republic-via-a-gcr-update-as-of-november-24-2024/

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

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

Nader From The Mid East  I don't want you to get excited and think we're rich already because we're not yet.  Remember what I always say, in January things always happen in January with Iraq...It can happen before.  It can happen after too.  But me, I have a strong believe January we're going to see very good news.

Militia Man  When they change the value of their currency, things will become cheaper...The bottom line is if they raise the value, let's say they come back to where they were before it was shut off during the Saddam Hussein era at around $3.22, they'll be able to pay for a lot of products and materials for a lot cheaper.  That is going to be a  powerful thing.  That's going to be a benefit to purchasing power...to the citizens.

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

5 Banks On HIGH ALERT As S&P 500 Signals MAJOR Crisis!

Atlantis Report:  11-22-2024

The US banking system's fragility has been brought to attention once again. The S&P 500 has issued a chilling warning that has sent shockwaves through the banking industry.

The renowned index tracking agency has downgraded five major regional banks. This move has raised alarm bells across the sector, with many citing mounting concerns over their exposure to the commercial real estate market and looming loan maturities.

The recent development has raised concern about the possibility of another banking crisis similar to the one that occurred during the Great Recession. Today, we will examine the imminent banking crisis and the fate of these five regional banks.

https://www.youtube.com/watch?v=ID5hHtfy-0E

The Total Market Melt-Up has Begun

Heresy Financial:  11-22-2024

TIMECODES

0:00 Boom or Bust?

0:42 Why Asset Prices are Going Up

2:58 What is Causing the Melt-Up

6:07 Why is the Money Supply Growing

8:40 How Govt Continues to Increase their Debt

9:31 Inflation

10:29 Debt Will Be More Expensive

https://www.youtube.com/watch?v=Eu5qtUGP16c

Dollar Devaluation Exposed, Gold up 800% in the Last 24 Years

Dollar Devaluation Exposed, Gold up 800% in the Last 24 Years

Kitco News:  11-22-2024

In a compelling analysis of the market landscape, Rich Checkan, President and COO of Asset Strategies International, has emphasized the remarkable performance of gold over the past 24 years, showcasing an astounding increase of over 800%.

This significant rise makes gold a standout asset, outperforming all major indices this millennium, and raising critical questions about the stability of traditional investments amidst the devaluation of the U.S. dollar.

Checkan shared his insights during an interview with Kitco News anchor Jeremy Szafron at the New Orleans Investment Conference, where he outlined the implications of economic policies and geopolitical tensions on various investment avenues. His remarks reflected a growing concern about the “real” performance of equity markets, which have been buoyed by the apparent rise in stock prices but are increasingly questioned due to the U.S. dollar’s loss of purchasing power.

The crux of Checkan’s argument lies in the persistent devaluation of the U.S. dollar, a phenomenon that has profound implications for investors.

As the dollar weakens, its purchasing power diminishes, rendering traditional assets like stocks, bonds, and real estate less reliable as hedges against inflation. In stark contrast, gold emerges as a durable safe haven, with Checkan noting that it is often viewed as a “d**d asset” for its lack of interest or dividends. Yet, its remarkable appreciation underscores its role as a stronghold during economic uncertainty.

“In the last 24+ years, gold is up 818%,” Checkan pointed out, highlighting its resilience in the face of financial instability. This striking statistic serves as a reminder to investors that sometimes, alternative assets may provide greater security and return potential than conventional investments.

The conversation also delved into how geopolitical tensions and government fiscal policies can directly impact the precious metals market. As nations grapple with conflict, instability, and economic changes, investors often flock to gold for its historical status as a store of value. Checkan noted that this behavior is particularly pronounced in environments where uncertainty reigns, making gold an attractive refuge.

Moreover, with ongoing discussions about inflation rates, interest rates, and expansive monetary policies, the interaction between fiscal measures and precious metals cannot be understated. The policies implemented by governments worldwide, particularly those related to money supply and stimulus measures, have significant ramifications for gold prices as they influence market confidence and investor behavior.

While Checkan primarily focused on gold, he also touched on the burgeoning realm of cryptocurrencies, specifically Bitcoin. As digital currencies gain traction, the perception of value and the diversification of portfolios continue to evolve.

Bitcoin, often dubbed “digital gold,” has attracted attention as both a speculative asset and a potential long-term store of value. Checkan’s outlook on Bitcoin encapsulates a broader conversation about the future of currencies and the ways in which they can coexist with traditional assets like gold.

As investors sift through the complexities of today’s financial landscape, Checkan’s insights serve as a crucial framework for understanding the dynamics of wealth preservation and growth. The impressive 800% increase in gold over more than two decades starkly contrasts with the volatility observed within equity markets. For many, gold’s enduring allure as a safe haven asset will continue to shine brightly, particularly in times of economic turbulence.

With Checkan’s observations echoing the sentiments of many financial experts, it appears that diversifying portfolios to include precious metals may not only be prudent but necessary.

As the world grapples with the interplay of currency fluctuations, geopolitical unrest, and inflationary fears, gold stands out not just as a commodity, but as a cornerstone of modern investment strategies.

https://youtu.be/VYEULHCZrYo

Some “Gold Backed “ News Saturday 11-23-2024

Judy Shelton: "Why Don't We Use Our Gold As Collateral For A New Treasury Debt Instrument"

Arcadia Economics:  11-23-2024

Judy Shelton: "Why Don't We Use Our Gold As Collateral For A New Treasury Debt Instrument"

Former Trump economic advisor Judy Shelton has talked a lot about bringing gold back into the monetary system in the US.

And while she has not yet been officially brought back aboard Trump's team, it sure is fascinating to imagine what could happen if she is.

Because in a recent interview with David Morgan of The Morgan Report, in addition to sharing some fascinating monetary history, including how even Fed officials like Paul Volcker and Alan Greenspan agree that 2% inflation is far from the definition of stable, she also proposes the idea of using the nation's gold as collateral for a new treasury debt instrument.

Which is fascinating to hear, especially at the same time when the eastern half of the world continues to express a desire to turn to gold in place of treasuries.

So whether you're a monetary advocate, historian, or someone who just wants to navigate the changes to our monetary system that are coming, you're really going to enjoy this interview.

And to hear David Morgan talk with Judy Shelton, just click to watch the video now!

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

**

Texas proposes gold and silver-backed currencies to compete with fiat money

Kitco News:  11-23-2024

(Kitco News) – In a quest for sound money, a Texas lawmaker has filed two bills that, if passed, would create gold and silver-backed transactional currencies, backed 100% by the underlying asset, that would serve as legal tender in the state.

According to a report from the Tenth Amendment Center, Texas State Representative Mark Dorazio filed House Bill 1049 and House Bill 1056 on November 12, two bills with similar language that would add provisions to different sections of the Texas legal code.

“Under the proposed law, the Texas Comptroller would issue gold and silver specie (coins) through the Texas Bullion Depository and also establish gold and silver transactional currency defined as ‘the representation of gold and silver specie and bullion held in the pooled depository account,’” wrote Mike Maharrey, Communications Director at the Tenth Amendment Center. “The Depository would be required to hold enough gold and silver to back 100 percent of the issued currency.”

If approved, the bills would enable “Holders of gold and silver specie and currency to use them as ‘legal tender in payment of debt,’ in the state of Texas,” he noted. “The gold and silver-backed currency would be electronically transferable to another person. Gold and silver-backed currency would be redeemable in specie or at the spot price of gold in U.S. dollars minus applicable fees.”

Said differently, the passage of either bill would allow anyone in the state to conduct business transactions using gold or silver. 

“The passage of this legislation would create a sound money alternative to U.S. dollars in both physical and electronic form,” Maharrey said. “Using gold and silver-backed transactional currency, any person or entity would be able to do business using a debit card that seamlessly converts gold and silver to fiat currency in the background. Private individuals and businesses would be able to purchase goods and services using assets held in the Texas Gold Depository in the same way they use dollars held in a bank today.”

He stressed that the ability to use gold and silver-backed transactional currencies “would give people a way to shield themselves from the rapid loss of purchasing power inherent in the fiat dollar.” 

“Over time, making gold and silver available for regular, daily transactions by the general public could have a wide-ranging impact,” Maharrey noted. “Professor William Greene is an expert on constitutional tender and said in a paper for the Mises Institute that if people in multiple states actually start using gold and silver instead of Federal Reserve notes, it would effectively nullify the Federal Reserve and end the federal government’s monopoly on money.”

According to Greene, “Over time, as residents of the state use both Federal Reserve notes and silver and gold coins, the fact that the coins hold their value more than Federal Reserve notes do will lead to a ‘reverse Gresham’s Law’ effect, where good money (gold and silver coins) will drive out bad money (Federal Reserve notes).”

“As this happens, a cascade of events can begin to occur, including the flow of real wealth toward the state’s treasury, an influx of banking business from outside of the state – as people in other states carry out their desire to bank with sound money – and an eventual outcry against the use of Federal Reserve notes for any transactions,” Greene added

“Gresham’s Law holds that ‘bad money drives out good,’” Maharrey explained. “For example, when the U.S. government replaced silver quarters and dimes with coins made primarily of less valuable copper, the cheap coins drove the silver out of circulation. People hoarded the more valuable silver coins and spent the less valuable copper money.”

This led him to ask, “So, how do you reverse Gresham?”

“The key is to make it easier to use gold and silver in everyday transactions,” he said. “The reason bad money drives out good is that governments put up barriers to using sound money in day-to-day life. That makes it more costly to spend gold and silver and incentivizes hoarding.” 

“When you remove legal and tax barriers, you level the playing field and allow gold and silver to compete head-to-head with Federal Reserve notes,” he added. “On an even playing field, gold and silver beat fiat money every time.”

Maharrey highlighted the U.S. Consitution to strengthen his case, noting that Article I, Section 10 decrees that “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.”

“In most states, debts and taxes must either get paid with Federal Reserve Notes (dollars), authorized as legal tender by Congress, or with coins issued by the U.S. Treasury — very few of which have gold or silver in them,” he said. “The creation of a transactional gold and silver currency would take another step toward that constitutional requirement, ignored for decades in every state. Such a tactic would undermine the monopoly of the Federal Reserve System by introducing competition into the monetary system.” 

The proposed bills will be assigned to Texas House committees when the 2025 legislative session begins on Jan. 14.

Texas gold-backed digital currency could aid in Bitcoin adoption

While Maharrey is looking to get gold and silver recognized as transactional currencies in their own right, the Texas legislature is also making progress on legislation to create a blockchain-based gold-backed token, which could benefit not only the yellow metal but also Bitcoin. 

In April 2023, two Texas lawmakers, Senator Bryan Hughes and Representative Mark Dorazi, introduced two separate bills for creating a state-issued digital currency backed by gold. And while the legislation is still working through the state’s Congress, one lawmaker thinks that once launched, the proposed gold-backed digital currency could help boost cryptocurrency adoption. 

As reported by Cointelegraph, Cody Harris, a Republican Party member of the Texas State House of Representatives, sat down for a fireside chat with Coinbase’s David Duong at the North American Blockchain Summit on Thursday and provided an update on the stats of the gold-backed token. 

“This [state-issued digital currency backed by gold] is something safe that people can get their feet wet with,” he said. “It’s more of a stepping stone to owning Bitcoin than competing with it or taking the place or something like that.”

Under the proposed plan, each digital currency token will represent a fraction of a troy ounce of gold held in trust and will enable holders to accumulate and spend gold via blockchain, removing a barrier that makes it difficult to utilize gold for daily transactions. 

Harris said the benefits of the token are twofold. Not only will it simplify the use of gold for everyday use, but it could also help skeptics become more comfortable with cryptocurrency by serving as a government-issued digital alternative to fiat, which is a stepping stone to helping them open to the idea of using decentralized assets like Bitcoin. 

For those who are hesitant to acquire BTC or explore crypto, he suggested that a state-issued coin would provide a higher “comfort level” than tokens issued by startups. 

But not all digital tokens are seen as equal in his eyes, with Harris saying that digital fiat – also known as central bank digital currencies (CBDCs) – would have an overall negative impact on the state and the public at large. 

“I think we would all agree that a CBDC is detrimental to the nation and the state of Texas,” he said, referring to the variety of threats CBDDs pose, such as surveillance and privacy concerns. 

Harris called for the crypto community and broader public to take an active role in the CBDC and digital asset conversation to make sure they aren’t saddled with a dystopian currency that enables things like social credit scores. 

“I think it makes it easier for us who are pro-Bitcoin to have conversations about why someone should change their perspective on it,” he said. “If we start at a CBDC, is it the goal of some parts of the US government? So let’s lock arms together and make sure that that doesn’t happen.”

https://www.kitco.com/news/article/2024-11-22/texas-proposes-gold-and-silver-backed-currencies-compete-fiat-money

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 11-23-24

Good Afternoon Dinar Recaps

BRICS: MORGAN STANLEY PREDICTS THE FUTURE OF THE US DOLLAR

BRICS is challenging the dominance of the US dollar by spreading the de-dollarization agenda across the globe. The bloc is pushing local currencies for trade and convincing other developing countries to sideline the US dollar. Using local currencies will strengthen their native economies and give them a boost in the forex markets. Amid the BRICS de-dollarization initiative, leading investment bank Morgan Stanley has predicted the future of the US dollar

Three sectors (see link below) in the US will be affected if BRICS ditches the dollar for trade. The move will make the US dollar lose out on the global supply and demand dynamics and push it into the path of decline. If the US fails to import the dollar, inflation could hit the homeland leading to higher prices for basic necessities.

BRICS: Morgan Stanley Reveals How the US Dollar Will Survive the Challenges

Analysts from the leading investment bank Morgan Stanley predict that the US dollar will remain the dominant currency for a longer period despite the challenges from BRICS. The bank’s analyst highlighted that in terms of financial instability, investors flock to the US dollar and not the Chinese yuan.

Historically, the USD has maintained stability during a market crisis while other local currencies plummeted. The USD can withstand the whips of the currency market as it is backed by global trade, said Morgan Stanley on the BRICS de-dollarization initiative.

“Which currency would you want to own when global stock markets start to fall? And the global economy tends to head into recession?” said James Lord, Morgan Stanley’s Head of Foreign Exchange Strategy. “You want to be positioning in US dollars because that has historically been the exchange rate reaction to those kinds of events.” In conclusion, Morgan Stanley predicts that the US dollar will reign supreme against the onslaught of the BRICS alliance.

@ Newshounds News™

Source:  Watcher Guru

Three Sectors Affected

COIN CENTER WARNS US POLICIES COULD SCARE AWAY CRYPTO INVESTORS DESPITE TRUMP WIN

Coin Center says that while a Trump administration will undoubtedly be positive for crypto, there are still several ongoing cases that could prove troublesome to investors and developers.

Non-profit crypto advocacy group Coin Center has warned that even though a Trump win is a net positive for the crypto industry, entrenched policies could still scare crypto innovators away from the United States.

In a Nov. 21 blog post analyzing the landscape of US crypto policy following the 2024 election,  Coin Center’s research director Van Valkenburgh shared three “grave threats” to the crypto users and developers in the US heading into 2025. 

All three threats are described broadly as “surveillance issues” and range from tax reporting and Anti-Money Laundering (AML) policy to the ongoing criminal proceedings involving the crypto mixer Tornado Cash and Bitcoin wallet service Samourai Wallet.

Three “grave” threats to crypto

The first major threat comes from the crypto reporting requirements under Section 6050I of the US tax code, which currently mandates warrantless reporting to the IRS for those who have received $10,000 in crypto. 

In August last year, Coin Center argued that these reporting requirements are unconstitutional. 

The second and third major threats stem from the sanctions placed on Tornado Cash and include the criminal charges for unlicensed money transmission brought against the mixing service and Samourai Wallet. 

Coin Center says the charges brought against Tornado Cash founder Roman Storm could set a worrying precedent for developers on non-custodial crypto services. 

“At the agency level, there’s reason to believe that controversial ongoing rulemakings will be frozen or even abandoned due to President Trump’s generally pro-crypto stance and his likely choices for appointees at the SEC and Treasury.”

However, Valkenburgh wrote that the new administration may not be interested in scaling back “overzealous” sanctions and AML policies. 

“The [Department of Justice] may change under a Trump administration, but it rightly guards its political independence and may therefore be unlikely to abandon these prosecutions because of a change in administration," Valkenburgh said. 

“We’re nonetheless hopeful that there can be progress here if it becomes increasingly clear that even with a friendlier SEC, draconian surveillance and control policies will continue to drive innovators away from the US, chill development, and deny ordinary Americans the benefits of these technologies.”

Valkenburgh added that the ongoing measures to prevent people from accessing crypto services do “very little to actually prevent criminals and terrorists” from using the tools.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

🌱YOUR MONEY YOUR MORTGAGE AND MORE. AUDIO ONLY  |  Youtube

If you missed last night's Live Call you can listen here on our Youtube channel.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

HOW THE 2020 ELECTION SET UP A LEGAL NIGHTMARE FOR 2024  |  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 Seeds of Wisdom Newsletter

Thank you Dinar Recaps