More News, Rumors and Opinions Saturday PM 11-30-2024

KTFA:

Clare:  Iraq suspends official work on Tuesday, December 10 - Urgent

11/30/2024

Baghdad

The General Secretariat of the Council of Ministers announced today, Saturday (November 30, 2024), that official work will be suspended in the country on Tuesday, December 10, on the occasion of Victory Day over ISIS.

A government source told Baghdad Today, “It was decided to suspend official work on Tuesday, December 10, on the occasion of the anniversary of the liberation of Iraq from the terrorist ISIS gangs (Victory Day).”

It is noteworthy that Iraq announced on December 10, 2017, victory over ISIS and the liberation of all cities that were controlled by the organization.   LINK

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Clare:  Sunday’s House of Representatives session agenda

Baghdad – WAA

The House of Representatives announced its agenda for tomorrow’s session, Sunday.

The media department of the Council of Representatives stated in a statement received by the Iraqi News Agency (INA): “The agenda of tomorrow’s session, Sunday, included voting on the proposed Personal Status Law, the draft law on returning real estate to its owners, the draft law on the second amendment to the General Amnesty Law, as well as the report and discussion (second reading) of the draft law on the fifth amendment to the Civil Aviation Law, and the report and discussion (second reading) of the draft law on the first amendment to the Industrial Cities Law.”

It added that “the session will begin at one o’clock in the afternoon.”  LINK

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

Bruce  [via WiserNow]  …our rate should be better at the redemption center…dinar and Dong and I know they’re gonna be a lot better on dinar  especially because we know there’s a contract rate on Dinar that will be offered to us that is extremely high… Okay, not at the bank but at the redemption centers. Just so you know. 

Militia Man  These guys are in a stage of getting ramped up for production for the construction and reconstruction efforts of the country like they’ve never seen in modern history…The new era…is coming upon Iraq.  Let’s hope they have a previous era takeoff in a real effective exchange rate to help boost that private sector and industrial capacities that they have going…

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Why the Real Recession Data Is Only Coming Out Now | Danielle DiMartino Booth

Kitco News:  11-30-2024

Is the U.S. in the heat of a recession right now?

A recent jump in bankruptcies resembles that of the Great Financial Crisis, Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, tells Jeremy Szafron, Kitco News anchor, on the sidelines of the New Orleans Investment Conference.

Booth discusses a range of topics, including the state of the U.S. economy, revisions in job market data, government versus private sector employment, and the impact of political shifts on economic policies. She also shares her latest take on recession timelines, the role of Elon Musk in government efficiency, and the challenges facing the Federal Reserve.

00:00 Introduction: Economic Data Overview

03:55 Recession and Economic Outlook

04:33 Corporate Layoffs and Attrition

05:28 Musk's Government Efficiency Initiative

07:58 Bankruptcies and Personal Debt

 09:57 Federal Reserve and Interest Rates

18:33 Bitcoin, Gold, and Investment Strategies

https://www.youtube.com/watch?v=tYJ2yvrvMh0

Judy Shelton’s Proposal for a Gold-Convertible Treasury Bond or Gold Standard

Judy Shelton’s Proposal for a Gold-Convertible Treasury Bond or Gold Standard

Nov. 29, 2024

Reviving the Gold Standard: Judy Shelton’s Proposal for a Gold-Convertible Treasury Bond

25 November 2024

Gold prices are significantly down on Monday morning. As the U.S. enters a shortened trading week due to the Thanksgiving holiday, the general market sentiment appears more optimistic, which is unfavorable for precious metals typically seen as safe-haven assets.

This improved risk appetite can be partially attributed to President-elect Trump’s selection of hedge fund manager Scott Bessent for the position of Treasury Secretary.

 The appointment of a financial industry insider to this key economic role has seemingly boosted investor confidence in the incoming administration’s economic policies. The price of gold is trading at $2642.39, down $73.80. The price of silver is trading at $30.39, down 95 cents.

Judy Shelton, a long-time advocate for sound money, has proposed an innovative approach to reintroduce a gold standard for the US dollar.

Her plan involves issuing a 50-year Treasury bond that would be convertible into gold, potentially to be initiated by President Trump on July 4, 2026. This proposal aims to address the current monetary system’s shortcomings and restore stability to the dollar by tying it back to a tangible asset.

The concept of a gold-convertible Treasury bond serves multiple purposes. Firstly, it provides a mechanism for discovering the appropriate price for gold convertibility without the need to abolish the Federal Reserve or make drastic changes to the current monetary system. Secondly, it would effectively utilize the United States’ substantial gold reserves, which are currently undervalued on government ledgers.

By offering gold redeemability, the government could potentially issue extremely long-dated debt at lower interest rates, as the risk of future dollar devaluation would be mitigated. This approach aligns with Shelton’s view that currency should be a standardized measure for public use rather than a policy instrument for managing the economy.

Source: USA Gold

https://dinarchronicles.com/2024/11/29/judy-sheltons-proposal-for-a-gold-convertible-treasury-bond-or-gold-standard/

Seeds of Wisdom RV and Economic Updates Saturday Morning 11-30-24

Good Morning Dinar Recaps,

XRP NEWS: RIPPLE’S RLUSD STABLECOIN SET TO LAUNCH IN 4 DAYS – WHAT YOU SHOULD KNOW

Ripple's stablecoin, RLUSD, is set to launch soon, pending NYDFS approval.

RLUSD aims to stabilize Ripple's offerings and capture a larger share of the cross-border payment market.

Positive regulatory shifts and market optimism are driving XRP's price surge.

Ripple always seems to be in the spotlight, doesn’t it?

The company behind XRP is preparing to launch its highly anticipated stablecoin, RLUSD, with approval from the New York Department of Financial Services (NYDFS) expected on December 4.

Why is RLUSD so important and how will it change the game for Ripple AND crypto payments? Let’s find out.

RLUSD: Ripple’s Answer to Legal Problems?

The launch of RLUSD is more than just a product release—it’s Ripple’s strategy to address the ongoing legal uncertainty around XRP. Unlike XRP, which is known for its price swings, RLUSD will offer the stability that investors and institutions seek.

Ripple’s acquisition of Standard Custody & Trust Company earlier this year was a crucial step. It enabled Ripple to meet NYDFS’s strict regulatory standards, setting the stage for RLUSD’s launch and enhancing its credibility in the stablecoin space.

Can Ripple Compete With the Others?

With RLUSD, Ripple is entering a market dominated by heavyweights like Circle’s USDC and Paxos’ USDP. By partnering with platforms such as MoonPay and Uphold, Ripple aims to make RLUSD available globally.

The stablecoin’s primary use case?

Transforming cross-border payments. RLUSD could make these transactions faster and more cost-effective, further boosting the adoption of Ripple’s RippleNet, which already competes with traditional systems like SWIFT.

XRP Price Analysis

XRP has been trading within a tight range of $0.39 to $0.75 since March 2023. However, recent developments—such as the upcoming U.S. election and Ripple’s push for regulatory clarity—have renewed investor optimism.

The anticipated launch of RLUSD is seen as a catalyst that could push XRP beyond its current limits. Some market analysts predict XRP could climb above $2 by year-end, driven by increased confidence in Ripple’s ecosystem.

What’s Boosting Ripple Today?

Ripple’s position is further strengthened by global regulatory changes. The MiCA framework in Europe and a pro-crypto stance from the Trump administration in the U.S. are creating a more supportive environment for compliant blockchain projects like Ripple.

If the NYDFS grants approval as expected, RLUSD could launch on December 4. This would add stability to Ripple’s offerings, enhancing its appeal in the fast-growing stablecoin market.

The stablecoin race is heating up, and Ripple’s RLUSD could be the wildcard that changes the game. Stay tuned to Coinpedia to know just how far it will go.

FAQs
Why is XRP going up?
Optimism around regulatory clarity and Ripple’s stablecoin news is fueling the price surge.

How high can XRP go?
While predictions vary, some experts believe XRP could cross $2 by year end.

What is stablecoin?
A stablecoin is a cryptocurrency pegged to a stable asset like the U.S. dollar, reducing volatility.

Is XRP a good investment?
XRP has huge potential, but market volatility and regulatory factors should be considered.

@ Newshounds News™

Source: CoinPedia 

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[Image 1: Screenshot of the official Bitcoin reserve bill document presented to Brazil’s Chamber of Deputies, outlining key provisions and objectives]

BRAZIL’S BITCOIN RESERVE BILL: HOW IT COULD CHANGE CRYPTO FOREVER

Brazil Bitcoin takes a bold step forward.

Congressman Eros Biondini has proposed a BTC reserve bill to make Bitcoin part of the national treasury. His plan, called the ‘Bitcoin Sovereign Strategic Reserve (RESBit)’, wants to put 5% of Brazil’s reserves into Bitcoin. This marks a major change in how countries handle cryptocurrency.

Understanding Brazil’s BTC Reserve Bill and Its Impact on Crypto Regulations

Key Components of RESBit

Brazil’s Central Bank will keep the Bitcoin in cold storage. They plan to buy it step by step. The BTC reserve bill aims to spread out financial risks and make Brazil a tech leader. Such Brazil Bitcoin initiatives could show other countries how to use cryptocurrency in their banking systems.

Global Implications and Market Response

More countries want to use cryptocurrency now. Argentina, Morocco, and Romania are interested, too. US President-elect Donald Trump supports creating a Bitcoin reserve, making the BTC reserve bill more important worldwide.

Implementation and Security Measures

RESBit has strong rules for keeping Bitcoin safe. The Central Bank will use new technology to watch over and protect the funds. This helps make sure national digital money stays secure. Brazil’s innovative Bitcoin security measures could set a global standard.

Economic Strategy and Innovation

The plan helps the economy now and builds for the future. Brazil Bitcoin’s move with RESBit creates a blueprint that other countries might follow. This could change how the world handles money.

Future Outlook

Biondini’s plan could make cryptocurrency more common. If it passes, Brazil Bitcoin legislation would make it one of the first big countries to keep Bitcoin as a national reserve. This might encourage other nations to do the same.

@ Newshounds News™

Source:  Watcher Guru   

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RENO'S RV SECRETS REVEALED!  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Saturday AM 11-30-2024

Ariel :  When Iraq Releases their New Exchange Rate Nothing will ever be the Same

When Iraq releases their new exchange rate you all are going to literally be crossing over. Nothing will never be the same afterwards.

“The Storm” will be the end result of a long process that will initiate “The New Republic” on a public official level.

And we are potentially days away if what is coming out if Iraq remains on schedule.

https://dinarchronicles.com/2024/11/29/ariel-prolotario1-when-iraq-releases-their-new-exchange-rate-nothing-will-ever-be-the-same/

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Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 30 Nov. 2024

Compiled Sat. 30 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Thurs. 28 Nov. 2024 Wolverine: “I’m under an NDA so can’t say much, but we are going to have a wonderful Christmas. Check your emails at hourly.”

Thurs. 28 Nov. 2024 TNT Call: The IMF and UN had a meeting last Thurs where the currencies that were green lighted to go were the Iraqi Dinar, Zim, Venezuela Bolivar, Dong and Zimbabwe Zim. They were told it’s imminent.

Fri. 29 Nov. 2024: Masters of GCR/RV: An In-Depth Exploration of Tiered Redemption, QFS, and the Influence of the Zimbabwe Dollar, Iraqi Dinar, Vietnamese Dong, Tier 4B, Tier 5, and the NESARA GESARA Act – amg-news.com – American Media Group

Fri. 29 Nov. 2024: Breaking! Starlink and Trump’s Military Operation Unleash the Tier 4 B Internet Group: NESARA Wealth Redistribution, $100K Payouts, and the American Monetary Fund Revolution Begin Now! – Gazetteller

Fri. 29 Nov. 2024 Edward Griffin succinctly explains what the Federal Reserve System actually is: …Son of JFK on Telegram;

“It’s a cartel. It’s not a government agency, it has the appearance of it being a government agency. They went to great lengths to give it that façade In it’s essence, It’s a cartel… They got together. They drew up the rules and regulations for their own industry.

To self regulate their own industry. It’s what cartels do. And then they sent it to congress and they took off the label off the top that said ‘banking cartel’ and they erased that and they said ‘Federal Reserve Act.’ Congress passed it into law. And that’s why we think it’s a government agency it’s because if you don’t obey the rules that they set down for their own industry you go to prison.”

Read full post here:  https://dinarchronicles.com/2024/11/30/restored-republic-via-a-gcr-update-as-of-november-30-2024/

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

Frank26  If any bank broke your heart, if any bank made you feel like a complete imbecile, if any bank is giving you a hard time, if any bank here in America says to you, 'You can sign up but we're not going to take care of you until 6 months from now,' you're going to have options...

Militia Man  Article quote: "Foreign transfers for trade purposes are proceeding smoothly after the implementation of the new system they have in place...The central bank will launch a new mechanism for travel or treatment transfers next year...there are agreements with four companies to launch a new mechanism..."  They are going to have things changing through the future.  Doesn't mean we're waiting until next year, just means they're going to have changes and because of maybe a major change, they're going to have a need for it even more...

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The Big Banks About To TANK The Market | Todd "Bubba" Horwitz

Liberty and Finance:  11-29-2024

Todd "Bubba" Horwitz discusses the current state of the stock market, expressing concerns about potential topping patterns and an impending economic crash. ------

INTERVIEW TIMELINE:

0:00 Intro

1:20 Stock market topping

4:31 Banking system

6:00 Treasury Secretary pick

 7:40 Not business as usual

9:20 Gold and silver outlook

 12:30 Stock market outlook

15:37 Can Trump turn the ship around?

17:47 Dollar & the BRICS

https://www.youtube.com/watch?v=yUnGo-YPi0c

“Tidbits From TNT” Saturday Morning 11-30-2024

TNT:

Tishwash:  Minister of Commerce sets date for opening shopping malls

Minister of Commerce, Athir Dawood Al-Ghariri, announced on Thursday the opening date of hypermarkets at the beginning of next year, while indicating that the prices of goods and food items will be competitive and 20 to 30 percent lower than the market.

Al-Ghariri said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "there will be major measures during the next two months to create real competition, as the shopping complexes have revived the central markets previously through (hypermarkets) by selling food and all goods at competitive cooperative prices that are 20 to 30 percent lower than the market."

 He said, "The shopping malls will be opened on 1/1 of next year, as we will enter a new year of great achievements."

Al-Ghariri added, "The citizen can go to the existing shopping malls, as they are cheaper than the market at the official price," noting that "the supervisory and security agencies will hold accountable violators and weak-willed people who manipulate the prices of goods and food items."  link

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Tishwash:  Prime Minister: Iraq is ready to cooperate with major companies to develop its military and security system

Prime Minister Mohammed Shia Al-Sudani confirmed today, Friday, that Iraq is ready to cooperate with major companies to develop its military and security system.

The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA): "Prime Minister Mohammed Shia al-Sudani received at his residence in the capital Madrid today, representatives of three major Spanish companies specialized in the military and security field, namely (rheilmetall expal), (Indra) and (Airbus), each separately."

Al-Sudani stressed that "Iraq is today ready to cooperate with major companies to develop its military and security system, stressing the existence of many opportunities for joint work between companies and the Military Industrialization Authority."

The Prime Minister stressed Iraq's need to diversify sources of armament, which the government has worked on as part of a comprehensive plan to raise the efficiency and readiness of the security forces, and enhance the country's ability to face internal and external challenges.   link

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Tishwash:  After the decision to cancel the platform.. Will we witness a crazy rise in dollar prices in Iraq?
In a move that has attracted the attention of economic and financial circles, the Governor of the Central Bank, Ali Al-Alaq, announced the bank’s intention to cancel the electronic platform for financial transfers early next year.

This decision comes as part of a series of reforms aimed at facilitating financial procedures and stimulating the economy, but at the same time it raises questions about its potential impact on the stability of the dinar exchange rate.IraqibeforeDollarAmerican.

The concept of the electronic platform and its role in currency stability

The electronic money transfer platform is a mechanism adopted to ensure the regulation of foreign money transfers and to limit manipulation of exchange rates.

The platform documents commercial transactions and money transfers by banks and financial companies, ensuring more effective control over hard currency flows in and out of the country.

This platform has greatly contributed to narrowing the gap between the exchange rate.OfficialAnd priceThe marketBlack, where it prevented many money laundering and smuggling operations.

However, with the decision to cancel this platform, questions are raised about how it will be regulated.The marketAnd transfer management.

The impact of deplatforming on the priceDollar

1. Increased demand forDollarinThe marketBlack, with the absence of an electronic platform, the demand for it may increase.DollarinThe marketBlack money is the result of the absence of control mechanisms, which leads to higher exchange rates outside official channels.

2. Weak confidence in the dinar, as cancelling the platform may weaken confidence in the Iraqi dinar, especially if effective alternatives are not put in place to ensure stability.The marketLack of confidence means that citizens and investors are likely to withdraw their money in dinars and transfer it toDollarAs a safe haven.

3. The impact of smuggling and money laundering, as cancelling the platform could cancel strict control over smuggling operations.DollarSmuggling and money laundering practices may expand, increasing demand forDollarSignificantly and affects the central bank's reserves.

4. AccreditationThe marketOn supply and demand, with the platform being cancelled, the currency market may become more affected by direct supply and demand. This may lead to extreme fluctuations in the exchange rate, especially in unstable economic and political conditions.

Chances of facing a riseDollar

1. Activating alternative control tools

The government and the central bank can rely on other supervisory tools such as strengthening the role of local banks and imposing strict restrictions on foreign transfers.

2. Increase reserves ofDollar

The Central Bank may resort to pumping more dollars intoThe marketTo meet demand and maintain price stability.

3. Promoting local investments

By encouraging investment and reducing dependence on foreign currencies, pressure onDollarAnd strengthen the dinar.

4. Cooperation with international organizations

The government may cooperate with international institutions such as the International Monetary Fund and the World Bank to develop economic plans that contribute to stability.The market.

The decision to cancel the electronic platform for money transfers represents a major challenge to the Iraqi economy, and may have direct effects on the exchange rate.DollarIn front of the dinar. To achieve economic stability in the next phase, it will be necessary to take proactive measures to compensate for the absence of the platform and ensure the continuity of supervision overThe marketFinancial.

The balance between facilitating economic procedures and protecting the national currency will be the decisive factor in determining the success of this decision and its effects on citizens and investors.

The Governor of the Central Bank, Ali Al-Alaq, confirmed in a statement to the official agency, which was followed by:Sumerian“Next year, we will launch a new approach to expand and enhance citizens’ remittances for various purposes, such as travel, treatment, or any legitimate remittances abroad, just as we did for commercial remittances,” he said, noting that “there are also agreements currently in place with relevant companies such as Visa, Mastercard, MoneyGram, Western Union, to establish a new framework for implementing these operations, which will constitute another shift in controlling these operations.”

Al-Alaq added, "Next year or the beginning of next year 2025 will witness the completion of the current procedures, and we seek to provide reassurance, especially with some people's questions about the fate of transfers after the completion of the electronic platform at the end of this year 2024."

“There is no sudden transition, but rather a gradual transition that began in 2024, where the banks’ relationship was transferred directly to correspondent banks without passing through other links, and the process has been completed with continued success,” he continued, stressing that “more than 95% of this goal has been achieved, and this process will be completed successfully within the next two weeks,” noting that “there is international anticipation to celebrate this occasion.”  link

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Mot: . What a Talent - He Has!!!

Mot: ooooooooh!! ooooooooh!! ooooooooh!! 

Seeds of Wisdom RV and Economic Updates Friday Afternoon 11-29-24

Good Afternoon Dinar Recaps,

BRICS NEWS:  BRICS DETERMINED TO TRADE IN LOCAL CURRENCIES, NOT US DOLLAR

The BRICS alliance is determined to trade in local currencies and not the US dollar for cross-border transactions. The US dollar is seen as an adversary that hinders their growth in the global financial sector. Local currencies are seen as an alternative option that can bring the hegemony of the USD down.

BRICS: Local Currencies First & Not the US Dollar

Similar to the phrase ‘America First‘, the BRICS bloc is now emerging to make ‘local currencies first’. The bloc is pulling every trick up its sleeve to sideline the US dollar for cross-border payments. From oil deals to copper trade and infrastructural loans, the alliance is aiming to push local currencies for settlements.

Many other developing countries are keen on joining the bandwagon and could soon jump on the de-dollarization train. Several nations in Africa are on the sidelines and could seek the help of BRICS to put their local currencies to use.

The move will strengthen their native economies and make businesses thrive. It will also provide a way for their local currencies to make a mark in the currency markets.

@ Newshounds News™

Source:  Watcher Guru

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BRICS NEWS: 2 COUNTRIES OFFICIALLY ABANDON THE US DOLLAR FOR TRADE

BRICS members Russia and Iran announced that they have officially abandoned the US dollar for trade between the two nations. Russia reported that 96% of all cross-border transactions between Iran have been settled in local currencies, the ruble and rial. In 2024, the usage of local currencies between Russia and Iran is up by 12.4%, making 96% of all settlements.

“We (BRICS members Iran and Russia) have entered into a currency agreement with Russia and fully removed the US dollar. Now we only trade in rubles and rials,” said the Governor of the Central Bank of the Islamic Republic, Mohammad Reza Farzin. However, both nations face sanctions as the White House has made it difficult to accept the US dollar.

In July this year, both the BRICS countries agreed to a currency swap policy signed by the Russian and Iranian central banks. They also completed the integration of Russia’s Mir payment as a replacement for the SWIFT messaging system and the US dollar. Russia also allowed Iranian citizens to withdraw the rial in ATMs across the country.

BRICS: Russia & Iran Sidelines the US Dollar, Trades in Local Currencies

While the US pressed sanctions on BRICS member Russia to weaken its economy, the Kremlin is bypassing the sanctions by convincing other countries to ditch the US dollar and begin using local currencies. The de-dollarization initiative is growing and many developing countries are now eager to join the bandwagon.

@ Newshounds News™

Source:  Watcher Guru

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TAIWAN ENFORCES AML REGISTRATION MANDATE FOR CRYPTO PROVIDERS

Taiwan accelerates its crypto AML mandate, imposing stricter registration rules and penalties for noncompliance.

Taiwan advanced the introduction of its new Anti-Money Laundering (AML) regulations for cryptocurrency businesses after authorities fined two crypto exchanges for violations.

On Nov. 27, the Financial Supervisory Commission (FSC) announced that the upcoming money laundering prevention registration mandate for crypto exchanges was shifted to Nov. 30 from the previous Jan. 1, 2025 deadline.

Per the previous notice, virtual asset service providers (VASPs) failing to register with the government could be subject to a two-year prison sentence or fines of as much as 5 million New Taiwan dollars ($155,900).

The new mandate includes previously registered crypto businesses

According to Taiwan FSC records, 26 crypto providers are currently approved to continue to offer their services. All crypto entities, whether previously registered or not, must register in accordance with the new AML mandate. The authority said:

“No business operators have completed the Money Laundering Prevention Registration under the VASP Registration Measures.”

The authority provided a checklist of items crypto exchanges can use to track suspicious transactions or activities. When identifying suspicious customers, crypto service providers must look for names and bank account details, location via IP addresses, multiple trading accounts and frequent information changes, among other things.

Crypto exchanges in Taiwan were also asked to track unusual transaction activities, including but not limited to splitting funds, utilizing multiple accounts with the same IP address and switching assets.

Cracking down on crypto exchanges violating AML laws
According to a Regulation Asia report, the FSC fined crypto exchanges MaiCoin and BitoPro on Nov. 28 for AML violations in relation to customer due diligence (CDD), transaction monitoring, record-keeping and suspicious transaction reporting.

To register with Taiwan’s AML regulation, crypto service providers are required to submit a one-page form detailing the nature of their businesses.

The form states that any changes to the business or the information provided should be provided to the Securities Over-the-counter (OTC) Trading Center within five business days.

Crypto businesses will also be required to establish a quality management system for accounting and auditing their finances.

@ Newshounds News™

Source:  CoinTelegraph   

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RETAILERS PUSH FOR A DELAY IN ROLLOUT OF RUSSIA’S CBDC

In October the Bank of Russia revealed a time frame for the roll out of the digital ruble, which forms part of a Bill that has been submitted to the State Duma. The mass rollout date is 1 July 2025. By that time the largest banks and retailers must support the central bank digital currency (CBDC). Now the Ministry of Industry and Trade has asked for a longer timescale of up to two years, similar to that provided to smaller retailers, the Izvestia newspaper reported.

The 1 July deadline applies to retailers with a turnover of more than 30 million rubles ($274,000). Those with incomes between 20 to 30 million rubles have one extra year, and smaller firms have two years.

The Ministry complained that there are still no rules for the operation and functioning of the digital ruble, so it doesn’t allow sufficient time for retailers to prepare and for adapting their point of sale software.

Trade bodies agree. “We believe it is necessary to refrain from legislatively establishing specific deadlines for launching systems at the trade level and to provide for a transition period of at least two years, during which companies will carry out the necessary work,” a letter from the Retail Companies Association (ACORT) states.

Another industry body, the Association of Internet Trade Companies (AITC), has similar views. It said, “The absence of such important provisions does not give businesses the opportunity to assess the costs of implementation time, the necessary human resources, expenses for the company, and also to understand to what extent companies are ready to implement such payments.”

The main benefit of a CBDC for retail outlets is reduced acquiring fees, so retailers will pay less for processing payments.

What’s the rush?
Stepping back, one of the big motivators for a CBDC is for cross border payments in order to circumvent sanctions. If a CBDC isn’t rolled out domestically, then a cross border CBDC would need direct integration with the domestic payment system.

With the cross border payment platform mBridge, the only member that currently has a domestic CBDC is China, and even that is in pilot mode. Hence, it’s not completely clear why there’s such a rush in Russia. Especially given the central bank has a few other issues to deal with given the war with Ukraine.

On the other hand, Russia is known for its software prowess, and is trying to lead the BRICS Bridge cross border payment project. Hence, having an operational domestic CBDC gives it more credibility.

@ Newshounds News™

Source:  Ledger Insights

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THE UGLY TRUTH ABOUT AMERICAN COURT LAW NO ONE TELLS YOU  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Friday Afternoon 11-29-2024

Gold Telegraph: The World is Catching up

Nov. 28, 2024

The Czech Republic’s central bank aims to double its gold reserves to 100 metric tons within three years.

He says: “We need to reduce volatility; we need an asset with zero correlation to stocks, and that asset is gold.”

Gold is the foundation of the monetary system.

What do the 1930s and today represent in the United States? The net worth of the top 0.1% of the population is roughly equal to that of the bottom 90% combined. So, what happened in the 1930s?

Those dismissing the record pace of insider stock dumping overlook clear historical patterns. Meanwhile, central banks face massive unrealized losses, limiting their ability to print endlessly in the next major crisis. Now is the time for outside-the-box thinking.

To all the American readers and viewers, I would not be able to do what I love without you all.

Happy Thanksgiving. I hope it’s golden.

Buy now, pay later is surging in the United States. I warned about it years ago. Now, many people cling to it just to survive. This will end in tears. How this program is even allowed still baffles me.

BREAKING NEWS: AN EX-CHANCELLOR IN THE UK IS WARNING THAT A PLAN BY BRICS COUNTRIES TO CREATE A SEPARATE BANKING PAYMENTS SYSTEM COULD RENDER INTERNATIONAL SANCTIONS USELESS.

The world is catching up.

“Lord Lamont of Lerwick warned that a rival payments system would be a major threat to the Western-led financial system if it ever came to pass…”

Source: https://www.irishnews.com/news/uk/new-brics-banking-system-would-render-sanctions-useless-ex-chancellor-warns-GCMF6U5ZY5KRJHFU3SJHB4IT54/

Testifying before Congress as Fed chairman in 2015, Janet Yellen tersely informed the House Financial Services Committee “I don’t believe that the Fed should chain itself to any mechanical rule.” Unchained from rules—now that’s tyranny. – @judyshel

https://www.wsj.com/opinion/trump-is-right-to-put-the-screws-on-the-fed-interest-rates-inflation-4709d07a

In my conversation with @judyshel, she shared a powerful story involving Janet Yellen, the current U.S. Treasury Secretary:

In a July 1996 Federal Reserve meeting, Janet Yellen argued for a 2% inflation target, citing a Keynesian perspective tied to “money illusion.”

She explained that giving workers a nominal 1% raise during 2% inflation effectively cuts real wages without them noticing. This perspective was met with laughter around the table. However, the laughter was clearly at the expense of regular Americans, whose purchasing power would be eroded.

https://dinarchronicles.com/2024/11/28/gold-telegraph-the-world-is-catching-up/

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

Militia Man  What is expected from Iraq is a real effective exchange rate.  I think that is what's coming.  I think everybody has that expectation and they're openly telling them that expectation is real.  They're doing it through media.  That's happening.  TV outlets have been describing the on goings in Iraq and also the neighboring countries and the trading partners.  To me the expectations are amazing.

Militia Man  They're talking about "financial risks".  They weren't talking in that way when they were moving forward into an international world with the 1310.  They're talking about preparedness for a change...They're focusing in on their banking sector.  Article quote "These days there's growing interest in the banking sector in general both government and private sectors..."  The banking sector is looking to be in good shape for this new stage.  That's what they're presenting...

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

Reviving the Gold Standard: Judy Shelton’s Proposal for a Gold-Convertible Treasury Bond

25 November 2024

Gold prices are significantly down on Monday morning. As the U.S. enters a shortened trading week due to the Thanksgiving holiday, the general market sentiment appears more optimistic, which is unfavorable for precious metals typically seen as safe-haven assets.

This improved risk appetite can be partially attributed to President-elect Trump’s selection of hedge fund manager Scott Bessent for the position of Treasury Secretary. The appointment of a financial industry insider to this key economic role has seemingly boosted investor confidence in the incoming administration’s economic policies. The price of gold is trading at $2642.39, down $73.80. The price of silver is trading at $30.39, down 95 cents.

Judy Shelton, a long-time advocate for sound money, has proposed an innovative approach to reintroduce a gold standard for the US dollar. Her plan involves issuing a 50-year Treasury bond that would be convertible into gold, potentially to be initiated by President Trump on July 4, 2026. This proposal aims to address the current monetary system’s shortcomings and restore stability to the dollar by tying it back to a tangible asset.

The concept of a gold-convertible Treasury bond serves multiple purposes. Firstly, it provides a mechanism for discovering the appropriate price for gold convertibility without the need to abolish the Federal Reserve or make drastic changes to the current monetary system.

Secondly, it would effectively utilize the United States’ substantial gold reserves, which are currently undervalued on government ledgers. By offering gold redeemability, the government could potentially issue extremely long-dated debt at lower interest rates, as the risk of future dollar devaluation would be mitigated. This approach aligns with Shelton’s view that currency should be a standardized measure for public use rather than a policy instrument for managing the economy.

Read Full article here:  https://www.usagold.com/reviving-the-gold-standard-judy-sheltons-proposal-for-a-gold-convertible-treasury-bond/

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Stock Market Highs, Consumer Lows: Adam Taggart on America’s Economic Divide

Kitco News : 11-29-2024

With U.S. debt surpassing $36 trillion and a debt-to-GDP ratio at 120%, Adam Taggart, host of Thoughtful Money, breaks down the alarming implications for the economy and investors.

 In this in-depth conversation, Taggart examines the growing divide between Wall Street and Main Street, inflation’s impact on purchasing power, and the challenges of navigating an overvalued market driven by narrative and exuberance.

Taggart also delves into the Federal Reserve’s unusual rate-cut strategy amidst record debt, Trump’s pro-growth policies, and what it will take to transition to a stronger economy.

From the rise of gold and Bitcoin to the debate over fiat currency, sound money, and central bank digital currencies, this is a must-watch for anyone seeking clarity in a confusing economic landscape. Don’t miss it!

00:00 Introduction

 02:04 Consumer Behavior and Economic Indicators

 03:51 Market Sentiment and Investment Trends

05:26 Bitcoin and the FOMO Effect

 07:37 Stock Market Valuations and Investor Expectations

 11:30 The Divide Between Wall Street and Main Street

14:11 Trump's Economic Policies and Future Outlook

18:51 Federal Reserve and Interest Rate Predictions

 21:35 Conclusion

https://www.youtube.com/watch?v=Rpg3U9qlIWo

BRICS+ Nations Determined to Trade in their Own Currencies

BRICS+ Nations Determined to Trade in their Own Currencies

Geopolitical Analyst:   11-29-2024

The global economic landscape is undergoing a significant transformation as the BRICS+ nations — Brazil, China, Egypt, Ethiopia, India, Iran, the Russian Federation, South Africa, and the United Arab Emirates — intensify their efforts to trade using local currencies.

This development, emphasized during their 16th summit in October 2024, highlights a collective determination to reduce reliance on the US dollar and euro, two currencies that have long dominated international trade.

An economic and political imperative drives these countries to promote trading in their currencies. The reliance on major currencies often leads to increased transaction costs and vulnerabilities tied to the fluctuations and availability of these currencies.

For many nations, particularly those in the Global South, trading in currencies like the US dollar is fraught with challenges. Countries such as Ethiopia, whose currency (the birr) is not widely accepted internationally, face significant barriers when trying to engage in trade or to repay debts typically denominated in foreign currencies.

One principal advantage of using local currencies is lowering transaction costs. By trading in their own currencies, BRICS+ countries can streamline the process, making it easier and more efficient to conduct cross-border transactions. This financial autonomy not only enhances trade fluidity but also allows these nations to avoid the pitfalls of relying on currencies that are often tied to political agendas and economic sanctions.

Historically, certain currencies have garnered trust and value because they are backed by nations with robust economies and stable political systems. The US dollar, the euro, the British pound, and the Japanese yen have served as the currencies of choice for international trade, providing a sense of safety for traders and investors alike.

However, the need to transact in these dominant currencies can create economic bottlenecks for developing countries. For instance, if a country cannot earn enough of these major currencies through exports, it struggles to fulfill its import needs or pay off debts, which can hinder economic growth and overall development.

In the unique case of Russia, the country faces extensive sanctions due to its aggressive foreign policies, particularly its conflict with Ukraine. Here, diversifying currency options may offer a pathway to navigate these sanctions, allowing Russia to engage in international trade with alternatives to the dollar or euro.

The political motivations behind this shift are equally compelling. The imposition of sanctions, particularly through the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system, has increasingly been used as a tool to exert pressure on nations. Established in 1973, SWIFT has become the backbone of international payments, facilitating secure communication between financial institutions globally. It has been used to impose financial sanctions on various countries, including Iran, Russia, and North Korea, effectively restricting their access to international financial markets.

By moving towards local currency trading, BRICS+ nations can potentially insulate themselves from future sanctions that utilize the current financial infrastructure which they cannot control. In doing so, they seek to reclaim their financial sovereignty and create a more balanced global trading environment.

While the move towards trading in local currencies is promising, it is fraught with challenges. The success of such a shift will depend on the willingness of these countries to establish robust financial systems capable of facilitating international trade without relying on the major currencies. Moreover, trust in local currencies must be cultivated among member nations and their trading partners for these currencies to gain acceptance on the global stage.

In conclusion, as BRICS+ nations embark on this journey towards de-dollarization, they navigate a complex landscape dominated by longstanding economic practices and geopolitical intricacies.

While the ambition to trade in local currencies holds the potential to reshape international trade dynamics and enhance economic resilience, its realization will require concerted efforts, cooperation, and trust among member states. The outcome of this initiative could largely determine the future of international trade and finance as a whole.

https://youtu.be/Kr6agqDQUNc

Seeds of Wisdom RV and Economic Updates Friday Morning 11-29-24

Good Morning Dinar Recaps,

DE-DOLLARIZATION: 2 COUNTRIES OFFICIALLY ABANDON THE US DOLLAR

While Trump is bolstering efforts to reinstate US dollar dominance, the de-dollarization agenda is still a heavy narrative that is spreading like wildfire on a global domain. The Trump regime is focusing on imposing taxes on countries moving away from the dollar, while on the other side, these two nations have stopped using the dollar for bilateral trade. Is de-dollarization an agenda that can truly end sometime soon?

These 2 Nations Have Moved Away From The Dollar

Iran and Russia, the two leading nations, have decided to move away from the US dollar. Iran’s central bank governor, Mohammad Reza Farzin, officially announced plans on how Iran has lately been conducting trade with Russia without using the US dollar. 

Farzin outlined how both nations have established agreements to conduct trade in local currencies, giving the multipolar currency narrative a new boost.

“We have entered into a currency agreement with Russia and fully removed the dollar. Now we only trade in rubles and rials,” Farzin later shared.

The Governor of the Central Bank of Iran later clarified how the financial authorities of both nations have agreed on the exchange rate to be used while conducting active transactions.

The recent data uploaded by the Kremlin also reflected the rising multipolar currency narrative. The fresh Kremlin data emphasize how Iran and Russia have conducted nearly 96% of their trade transactions in local currencies.

“The Kremlin reported on October 21 that the use of national currencies in mutual settlements between Iran and Russia was up 12.4% in 2024, making up 96% of all transactions.” Tass Media reported

The rising de-dollarization wave is hard to maneuver as the majority of the nations, under BRICS and ASEAN, are all proposing local currencies, urging nations to pivot away from the dollar

Trump Tightens His Tax Agenda

Trump, in his recent spree of announcements, has shared how Canada, Mexico, and China will encounter higher tax restrictions. The president-elect has decided to impose a 10% tax on Canada and Mexico to address and restrict illegal immigration and drug smuggling.

At the same time, Trump has imposed a 25% tax on China, touting it as a measure to curb excessive fentanyl imports.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

CRYPTO EXCHANGE OKX ROLLS OUT SERVICES IN BELGIUM TO STRENGTHEN EUROPEAN PRESENCE

OKX expands its European footprint with a launch in Belgium, featuring free Euro deposits through a partnership with local payment provider Bancontact.

Seychelles-headquartered crypto exchange OKX has launched its services in Belgium, offering spot trading, conversion, and a range of crypto services through its exchange and wallet.

Belgian customers now have access to over 200 cryptocurrencies, including more than 60 crypto-euro trading pairs, along with Euro deposits and withdrawals, the company said in a Nov. 28 press release.

The exchange says the expansion in Belgium leverages Bancontact, Belgium’s online payment system, allowing customers to deposit funds instantly and free of charge. SEPA withdrawals and deposits are also available without fees.

OKX Europe general manager Erald Ghoos says the launch in Belgium marks a “key step in our regional expansion, supported by a local team and tailored services that meet the unique needs of Belgian customers.”

The Belgian launch is part of OKX’s broader strategy to increase its presence across Europe. 

Earlier in 2024, the exchange debuted in the Netherlands and announced plans to establish OKX expands its European footprint with a launch in Belgium, featuring free Euro deposits through a partnership with local payment provider Bancontact.

Seychelles-headquartered crypto exchange OKX has launched its services in Belgium, offering spot trading, conversion, and a range of crypto services through its exchange and wallet.

Belgian customers now have access to over 200 cryptocurrencies, including more than 60 crypto-euro trading pairs, along with Euro deposits and withdrawals, the company said in a Nov. 28 press release.

The exchange says the expansion in Belgium leverages Bancontact, Belgium’s online payment system, allowing customers to deposit funds instantly and free of charge. SEPA withdrawals and deposits are also available without fees.

OKX Europe general manager Erald Ghoos says the launch in Belgium marks a “key step in our regional expansion, supported by a local team and tailored services that meet the unique needs of Belgian customers.”

The Belgian launch is part of OKX’s broader strategy to increase its presence across Europe. Earlier in 2024, the exchange debuted in the Netherlands and announced plans to establish a regulatory hub in Malta, where it secured a Class 4 Virtual Financial Assets license in 2021. The exchange said it plans to list additional tokens for Belgian users as part of its ongoing product expansion, though details on this initiative are yet to be disclosed.

@ Newshounds News™
Source:  Crypto News

~~~~~~~~~

COINBASE ENDS USDC REWARDS IN EUROPE AS MICA DEADLINE LOOMS

The crypto exchange will end its USDC yield program for EEA customers on December 1, citing the EU’s upcoming stablecoin regulations.

Crypto exchange Coinbase will discontinue its USDC Rewards program for customers in the European Economic Area (EEA) starting December 1, 2024, as part of its compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulations.

Coinbase users reported receiving an email Thursday in which the exchange announced the termination of its yield program, which allowed users to earn rewards on their holdings of the USDC stablecoin.

The change comes as MiCA, introduced in June 2023, imposes stricter rules on stablecoins, classifying them as electronic money tokens (EMTs).

These rules ban interest-earning features and require issuers to maintain sufficient reserves and obtain e-money authorization in at least one EU member state.

Impacted customers will receive their final payments within the first ten business days of December. Until then, they can continue earning rewards on balances through November 30.

Many customers have expressed dissatisfaction with the changes. Paul Berg, co-founder of Sablier, sarcastically remarked on Twitter that he feels “very grateful to the EU” for shielding him from earning rewards on his USDC.

Ripple’s CTO David Schwartz weighed in, describing the situation as an example of regulations preventing companies from offering “pro-consumer” services.

Coinbase had hinted at the coming change October, announcing plans to delist or adjust non-compliant tokens ahead of MiCA’s full enforcement on December 30.

At the time, the crypto exchange told Decrypt it would provide a detailed transition plan in November to help European customers switch to compliant stablecoins, such as USDC and EURC.

On Wednesday, stablecoin issuer Tether also announced it will stop minting euro-backed tokens, citing regulatory hurdles in Europe.

Tether CEO Paolo Ardoino said the focus will now shift to expanding Hadron, its asset tokenization platform.

Coinbase did not immediately respond to Decrypt’s request for comment.

@ Newshounds News™

Source:  Decrypt

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🌱WHAT ABOUT FREQUENCIES  |  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 Team™ Newsletter

Thank you Dinar Recaps

World's Largest Gold Deposit Found, Worth Over Us$80 Billion

World's Largest Gold Deposit Found, Worth Over Us$80 Billion

Mike McRae  Thu, November 28, 2024

A deposit of high-quality gold ore containing around 1,000 metric tons (1,100 US tons) of the precious metal has been discovered in central China, according to Chinese state media.

Valued at approximately 600 billion yuan or US$83 billion, the discovery could be considered the largest and most lucrative reservoir of gold ever uncovered, surpassing the 900 metric tons estimated to lie within the mother of all gold reserves, South Deep mine in South Africa.

The Geological Bureau of Hunan Province announced the detection of 40 gold veins within a depth of 2 kilometers (1.2 miles) in the northeast Hunan county of Pingjiang.

These alone were thought to contain 300 metric tons of gold, with 3D modeling suggesting additional reserves may be found to a depth of 3 kilometers.

"Many drilled rock cores showed visible gold," says bureau prospector Chen Rulin.

Core samples suggest every metric ton of ore could contain as much as 138 grams (nearly 5 ounces) of gold – an extraordinary level of quality considering ore excavated from underground mines is considered high grade if it contains more than 8 grams.

China already dominates the world's gold market with reserves considered to be in excess of 2,000 tons earlier in 2024, its mining industry contributing around 10 percent of the global output.

TO READ MORE:  https://www.yahoo.com/news/worlds-largest-gold-deposit-found-012530485.html

“Bits and Pieces” in Dinarland Friday AM 11-29-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 29 Nov. 2024

Compiled Fri. 29 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Thurs. 28 Nov. 2024 Wolverine: “I’m under an NDA so can’t say much, but we are going to have a wonderful Christmas. Check your emails at hourly.”

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Thurs. 28 Nov. 2024 TNT Call:

We got a call from the committee guy. He said the IMF and UN just had a meeting and I was told to call and tell you the currencies that have been green lighted to go are the Iraqi Dinar, Zim, Venezuela Bolivar, Dong and Zimbabwe Zim.

The rest of the 4-5 countries currencies are being renegotiated.

Janet Yellen is gone. She resigned this past Sun. morning.

They are all afraid of the new administration.

They are supposed to vote on Friday in Parliament.

They were told it’s imminent. Be ready. No time set. They are on call right now.

Dinar $4.21, VND $2.47, Bolivar $.83, Zim $.30

A guy said a bank memo said to get your people ready for Friday after 2 pm, or the weekend.

So enjoy your holiday and get ready at a moment’s notice to get to the banks.

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Thurs. 28 Nov. 2024 Jon Dowling: “Wells Fargo is ready to go with the QFS and the US Debt Clock is Gold! 62,000 wealth managers nationwide ready to go! Get your affairs in order. Early Christmas thus year! Iraq finishing all the important laws this week.”

Thurs. 28 Nov. 2024: Russia and Iran have completely abandoned the US dollar in bilateral trade, shifting entirely to national currencies. “We have entered into a currency agreement with Russia and abandoned the dollar. Now we only trade in rubles and rials.”

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Judy Note:

The Global Economic Security and Reformation Act (GESARA) is dismantling the power structures that have enslaved humanity for centuries. With the full deployment of military operations and the quantum infrastructure of the Quantum Financial System (QFS), the Cabal’s grip on wealth and power is crumbling daily.

Possible Timing: Wed. 7 Nov. 2024: GESARA: The Largest Wealth Transfer in History – Secret Military Operations, Strikes, and Redemption Centers That Have Already Changed the World – Gazetteller

As of November 27, 2024, the world finds itself amid the greatest shift in modern history. The Global Economic Security and Reformation Act (GESARA) is no longer a whisper among the informed; it is a seismic wave dismantling the power structures that have enslaved humanity for centuries.

With the full deployment of military operations and the quantum infrastructure of the Quantum Financial System (QFS), the Cabal’s grip on wealth and power is crumbling daily.

GESARA’s Historic Wealth Transfer: November Updates November 15–20, 2024: The Foundation is Laid

Asset Seizures Intensify: Global military coalitions launched synchronized raids  in Switzerland, Singapore, and the Caribbean, seizing over $12 trillion in hidden accounts. These funds, tied to human trafficking rings and illigal arms trades, are being funneled into GESARA projects, including debt forgiveness, infrastructure rebuilding, and clean energy programs.

Silent Wealth Disbursements Begin: In Brazil, India, and parts of Africa, locals began reporting sudden cancellations of long-standing debts without explanation. By November 20, an estimated 2.7 million individuals in these regions had their financial burdens lifted, a direct result of GESARA’s redistribution process.

Read full post here:  https://dinarchronicles.com/2024/11/29/restored-republic-via-a-gcr-update-as-of-november-29-2024/

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

Mnt Goat  ...The news from Iraq is all still very good. There is so much progress. The BIG event of course, will be the ending of the current currency auction process and use of the new system already to implement. The CBI has told us that nearly 95% of the current payments needed for imports is covered by the four (4) correspondent banks for this purpose... remember that the clock is ticking and other outside banking relationships must take place but will most probably never take place unless the IQD is valuable again and most importantly on these terms it must also be reinstated back on FOREX for investors to “legally” use this currency in their portfolios of investments for their clients. This is the key. Yes, this is really just where we are right now...

Militia Man  They're talking about "financial risks".  They weren't talking in that way when they were moving forward into an international world with the 1310.  They're talking about preparedness for a change...They're focusing in on their banking sector.  Article quote "These days there's growing interest in the banking sector in general both government and private sectors..."  The banking sector is looking to be in good shape for this new stage.  That's what they're presenting...

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Sudani in Spain… economic talk

Nader:  11-28-2024

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

Vietnam Dong Exchange Rate Economic Forecast Foreign Investors

Edu Matrix:  11-29-2024

Vietnam Dong Exchange Rate Economic Forecast #vnd Foreign investors are showing strong interest in southern Vietnam, focusing on cities like Dong Nai, Binh Duong, HCM City, and Long An.

The video shares the USD / VND Exchange Rate and explains why the VND keeps fluctuating against the US dollar.

High levels of foreign investments will decrease Vietnam's unemployment rate, which could quickly help the VND value increase—the video shares major foreign investments in Southern Vietnam in the coming year.

https://www.youtube.com/watch?v=DkzQ5eo3d5g

“Tidbits From TNT” Friday Morning 11-29-2024

TNT:

Tishwash:  they do this every year this is not a sign the RV is happening although it would be a great time for it

Rafidain Bank announces suspension of credit activity in the middle of next month

  For annual application purposes

Rafidain Bank announced today, Friday, the suspension of credit activity as of December 15th for the purposes of annual implementation.

Rafidain Bank announces the suspension of credit activity as of December 15th for annual implementation purposes.

The bank confirms that due to the approaching end of the fiscal year and for the purposes of the annual application and to make room for the liquidation of the suspended assets, preparing the annual statistics and inventory, and organizing the budgets, all types of credit activity will be suspended on 12/15/2024, and loan applications and other banking services will not be promoted.

The bank directed its branches in Baghdad and the governorates to complete all completed transaction requests that have advanced procedures before the above date. The bank added that work on promoting loans will resume early next year.  link 

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Tishwash:  How does the United Nations view the steps of the Sudanese government in the economic file?

The United Nations praised the exceptional steps achieved by the government of Prime Minister Mohammed Shia al-Sudani in the areas of diversifying sources of income and the economy, and achieving food security, pledging to continue its support (the Iraqi government) in its efforts to achieve development and economic sustainability for Iraq.

The confirmations of the highest international organization in the world came from the Assistant Secretary-General of the United Nations and Regional Director for Arab States, Abdullah Al-Dardari, who said in an interview with the official newspaper, “The Iraqi government has begun to take rapid steps to diversify sources of income, especially since the government realizes that reliance on oil can not only end within a certain period, but that advanced technology is what must create valuable job opportunities for Iraqi youth who yearn for initiative, creativity and invention. Therefore, the Iraqi government has allocated funding resources in this direction, such as the Central Bank’s funding plan of (700) million dollars for activities related to environmental efficiency, renewable energy and energy efficiency.”

He pointed out that “the United Nations is ready to provide technical support to ensure the best for this credit line,” noting that “the United Nations helped prepare a local strategy for Iraqi medium and small companies and financing mechanisms for these companies and their right to access all available sources of financing, and to develop banking work so that it becomes focused on financing productive projects, and there is a great effort that we are making with the Iraqi government in this direction.”

The UN official confirmed that “Iraq has achieved a major accomplishment in the non-oil sector, after achieving an abundant wheat crop exceeding (6) million tons. This accomplishment was achieved under difficult climatic conditions and with a large government investment of about (500) million dollars through the use of drip irrigation mechanisms, providing support to farmers, purchasing at a price higher than the market price, and granting soft loans,” indicating that “this is evidence that government policies and government funding can encourage the private sector to produce, increase food security in Iraq, and reduce dependence on imports, which saves about (4) billion dollars from wheat imports annually, which is a very large amount,” considering “this a major accomplishment for the Iraqi government.”

He added, "The United Nations is ready to cooperate with Iraq to develop food security and agricultural production systems."  link

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

Tishwash:  Details of the Kurdistan delegation's meeting with the Ministry of Oil.. Agreement on 3 points

Member of the Parliamentary Oil and Gas Committee, Sabah Subhi Haider, revealed details of the meeting that brought together the Undersecretary of the Iraqi Ministry of Oil, Ali Maaraj, with the representative of the Kurdistan Region in Baghdad, Faris Issa, and a number of members of parliament.

Today, Thursday, the Undersecretary of the Ministry of Oil for Distribution Affairs, Ali Maaraj, received the Head of the Kurdistan Region Representation Office, Faris Issa, and a number of members of the Council of Representatives attended the meeting.
Member of the Parliamentary Oil and Gas Committee, Sabah Subhi Haider, who was one of those present, said: “We visited the Ministry of Oil with Faris Issa, Minister of the Kurdistan Region Representation Office, and the Directors General of the Ministry of Natural Resources, and three main topics were discussed in the meeting.”

According to the MP, the attendees discussed the issue of “distributing kerosene to the Kurdistan Region, allocating a quantity of regular gasoline to the region, and calculating the standard liter volume of oil shipped to the region.”

Haidar confirmed that "the following results were reached during the meeting: 1- Immediately launching the region's share of kerosene, which is 50 million liters, 2- Anticipating the improvement of gasoline quantities in the central and southern governorates in order to determine a share for the region, 3- Reviewing the issue of the standard liter and the normal volume of oil sent to the region in the ministry until the problem is resolved."

According to the parliamentarian, the meeting this time focused on the issue of sending fuel to the region, and did not address the issue of resuming oil exports from Kurdistan, which is scheduled to begin early next year according to official statements.   link

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Mot.... Dinner was Great - Lets Watch the Game Now!!!! 

Mot: . Here We Go Again!!!! – siiggghhhhhhhhhh  H

More News, Rumors and Opinions Thursday PM 11-28-2024

TNT:

Tishwash:  Al-Tawki: Agreement on the region’s dues paves the way for broader understandings on the oil and gas law

Member of the Parliamentary Oil and Gas Committee, Kazem Al-Tawki, revealed an agreement that paves the way for broader understandings regarding the oil and gas law.

Al-Tawki told {Euphrates News} that: “The recent agreement with the Kurdistan region is considered a good initiative because the point of contention in the law was the issue of dues and the costs of extracting the region’s oil.”

He added, “It set a high ceiling for financial costs estimated at $22 to extract one barrel, although the costs of extracting oil in the south and the central government contracts do not exceed $12 as the highest cost.”

Al-Tawki expected that this agreement would lead to broader understandings regarding the oil and gas law.  link

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Ariel:  Trump makes it real plain in this video

Donald Trump makes it real plain in this video. The goal is for currency like the Iraqi Dinar to reach parity with USD.

Iranian Rial
Vietnamese Dong
Zimbabwe Notes
Etc.

Level playing field. But in the process makes yourself very financially well off.

Nathan Weldon @WeldonNath21356

Watch Currency holders! IQD and VND   X Link

https://dinarchronicles.com/2024/11/28/ariel-prolotario1-trump-makes-it-real-plain-in-this-video/

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

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

Mnt Goat   In the study of the recent Iraqi census taking...you can clearly see the recent census was a national census taken with the help of the United Nations (UN). The UN every so many decades takes a global census to determine the world’s population and demographics.  Iraq is also going to use this census as part of the Article 140 distribution of the Kurdistan monthly payments of oil revenues to the region from the GOI.  It will also help resolve part of the Oil and Gas law...Note, I did not say excess oil revenues or oil wealth distribution...This census taking has VERY LITTLE to do with the HCL individual Oil revenue sharing/distribution...   [Post 1 of 2]

Mnt Goat  So, now since the census is taken, the GOI can legally compensate and prove why they are compensating the amounts to the Kurds. This is really WOW! news for us today...you can see how this census results would also be useful in rebuilding the Iraqi economy besides Article 140 and HCl disputes. It was way overdue. This is yet another sign to us investors that Iraq is now serious about moving ahead.[Post 2 of 2]

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The REAL Value Of The Dollar (They Don't Want You To Know)

Lynette Zang:  11-28-2024

Today's video is answering the question of what the REAL value of the dollar is and why your purchasing power feels less and less everyday

https://www.youtube.com/watch?v=3huMVsKkfQQ

FREEDOM ALERT! Texas Congressman Proposing Gold Backed Crypto for TEXAS! CAN IT WORK?!

(Bix Weir)  11-22-2024

Cody Harris, a Republican Party member of the Texas State House of Representatives, is proposing a State Currency for Texas consisting of physical gold backing a crypto currency. Of course the problem is 3rd party custody BUT it's a Start!

https://www.youtube.com/watch?v=1wRm6WOfwy0